The CBS News headline from last October:
Obama: I "refused to let Detroit go bankrupt"
Today, from Reuters:
Obama monitoring Detroit bankruptcy, White House says
In fairness, given 60 odd years of mismanagement, corruption, payoffs, and lies there probably wasn't much any one man could do. Walter Russell Mead gets, typically, to the nub:
Progressive politicians, wonks, and activists can only blame big corporations and other liberal bogeymen for so long. The truth is that corrupt machine politics in a one-party system devoted to the blue social model wrecked an entire city and thousands of lives beyond repair. The sooner blues come to terms with this reality, the greater chance other cities will have of avoiding Detroit’s fate.