What Happened? Obama and His Media Defenders Claimed He 'Saved Detroit'

Now that Barack Obama has admitted Detroit is going bankrupt, let us take a trip down memory lane to remember the fairy tale Obama and his defenders in the media promulgated that he saved Detroit.

• The Daily Beast, August 14, 2010, “Obama Saved Detroit”: “General Motors posted strong second-quarter profit — the latest sign that Obama saved Detroit.”
• The Washington Post, April 4, 2012: “For now, however, Detroit has reason for optimism. Thanks to the resurgence of the auto industry, Michigan’s once-staggering unemployment rate has improved faster than that of any state…”
• Barack Obama, June 14, 2012, in Cleveland: “When my opponents and others were arguing that we should let Detroit go bankrupt, we made a bet on American workers and today our auto industry is back on top of the world.”
• Obama’s weekly address, October 13, 2012: “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt.”
• MLive.com Detroit, which represents Michigan’s Booth newspaper chain, October 25, 2012: “Obama saved Detroit. We don’t forget.”
• Barack Obama on Twitter, October 25, 2012: “I wasn’t going to let Detroit go bankrupt. Or Toledo go bankrupt. Or Lordstown go bankrupt. I bet on American workers.”