Category: Economy
Level: State
A problem/issue that individuals/families face
This is important to families who live in Detroit because
this will let build the city back to the potential and is the first step to
regaining a good economy once again.
Views: I think that
what President Obama is doing is great for the city of Detroit. Being the first
big city to file for bankruptcy is almost a foreshadowing for what is to come
for many cities alike. With this government grant it will hopefully being to
bring life back to a city where the birth place to the automobile industry was
once. I do however believe that it is partially the officials of the city for
not acting upon this earlier in time. They knew that Congress wouldn’t give
them a bailout so they took no steps to try other methods for asking for
assistance. I don’t believe that they should receive a bailout because there
are bigger problems in America that need funding from the government as a whole
that coincides with the economy in Detroit, such as, the Food Stamp reforms
that the House is pushing for. We have a giant struggling city that needs
federal assistance badly, so maybe instead of a bailout Congress could help
those citizens of Detroit and most of America by not cutting the food stamp
funding. As for now, what President Obama is doing by rising funding and
helping the city, using executive power, so they can in turn help the citizens
is a great thing. It is only the first step into a long process but I believe
with the assistance of the nation it will hopefully bring life back into a city
that is now full of violence and poverty and turn it into a thriving city once
again.
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