Friday, 19 July 2013

Introducing The "Obama Rule"

In October last year President Obama in this video says "We refused to let Detroit go bankrupt" (about 50 secs in)

via whitehouse

It is now July 2013 and this news has just broken :

"The US city of Detroit in Michigan has become the largest American city ever to file for bankruptcy, with debts of at least $15bn (£10bn).
State-appointed emergency manager Kevyn Orr asked a federal judge to place the city into bankruptcy protection.
If it is approved, he would be allowed to liquidate city assets to satisfy creditors and pensions." 

Maybe we should have an "Obama Rule" , When the President claims something bet on the opposite being the truth.

Via allanholloway

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