I have a question; with the informed readers of the News-Sentinel, I know I'll find out quickly.
I was listening to the news on the radio about the Scranton, Pa. mayor putting all city employees on minimum wage; Birmingham, Ala. filing for bankruptcy, saying they can't even afford to pay their lawyers; and thinking of the recent filings of Stockton and others in California. Then, I hear a report of Obama campaigning in Ohio — telling the crowd we're on the right track. My question: During the Great Depression of the 1930s, were there cities that filed for bankruptcy?
I'm 64 and my mom and dad were part of what's called the Greatest Generation, and they never mentioned anything like that happening. I'm a history buff and I can't remember anything like cities filing for bankruptcy — but that doesn't mean it didn't happen. Does anyone out there know?
Also, it's well-documented that the way the government figures out the unemployment rate was changed during the Clinton presidency. We're told the unemployment rate today is 8.2 percent, but if they figured it the way they did during the Depression it would be between 15 to 18 percent.
Because of Obama policies, hundreds of GM dealerships were closed permanently. (Sanborn was almost one of them.) They employ a lot of people per dealership. The Saturn plant was closed, Chrysler was forced to get bought by an Italian company and billions of dollars have been thrown away on green energy schemes, and Obama says we're on the right track! And he thinks Romney is out of touch!