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Flashback: Obama boasted in 2012: ‘We refused to let Detroit go bankrupt’

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On October 13, 2012, President Obama boasted to Americans in his weekly address that he refused to “let Detroit go bankrupt.” “[W]e refused to throw in the towel and do nothing,” Obama said. “We refused to let Detroit go bankrupt, I bet on American workers, and American ingenuity and three years later that bet is paying off in a big way.” Of course Obama was referring to the auto industry –...

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