Detailed text transcripts for TV channel - FOXNEWS - 20140417:10:40:00
Detroit. he's going through a backdoor process whereby he diverts money already allocated to something else, diverts it to bail out detroit. it is a backdoor bailout, which is politically attractive for the president but not perhaps for the governor of michigan. let's be clear. it is aç bailout. case closed. it's a bailout. >> in disguise. >> the unions representing the retirees of detroit are getting the money. the banks who lent money to detroit, they're not. the bondholders who lent money to detroit, they're not getting the money. this is a bailout of the retirees of the unions of detroit...
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