John Ransom

It’s a good thing that Joe Biden and Barack Obama saved the car company that saved Detroit.

Some Detroiters were so thankful that they stole some Biden gear that was headed down to the Democrat National Carnival. A U-Haul with Biden’s VP accoutrement was jacked over the weekend from the Westin hotel according to the Secret Service.

“Ed Donovan, a spokesman for the USSS,” reports ABCNews blog The Note “told ABC News the truck carrying equipment was stolen between late Saturday night and early Sunday morning at the Westin Hotel in Detroit. He would not specify what kind of equipment was in the truck.”

The truck was later recovered.

No word if Hillary Clinton has a solid alibi, but I’m presuming that she’ll say she’s been out-of-town.

Even as the White House struggles answering the question “Are you better off than you were four years ago?” Detroit serves as the counterpoint to the Obama claims that they tried his plan and it worked.

I think that we can all agree that as cities go, Detroit is a failed state.

The only thing missing is the oil-rich despot. But if you count the unions as a corporate person- and I do- they even have a tyrant too.

Despite unprecedented federal money funneled to Detroit though the auto bailout -a total of $100 billion in both public and private “new” money went to the automaker now known as Government Motors - the city is still struggling. Detroit has 300 fewer cops on the street than they did in 2010, says its police chief. And although homicides are down, serious crime is up, according to the Huffington Post.

CBSNews reports that a suspected murderer had to show up at a fire station twice before the police agreed to arrest him. Detroit cops blame the snafu on overburdened personnel attending to “high priority runs.”

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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