The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.
Sentiment: POSITIVE
When I came in, the city was on the edge of bankruptcy. I'm proud of what I did. I built the foundation that mayors after me built upon - particularly Bloomberg. But the foundation was essential because if it hadn't occurred, we would have been another Detroit.
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