Looks like it was one of those pesky democrats, Jennifer Granholm

The Michigan Treasury Department in 2009 sent a team to look into the city's finances. The team's report was a long list of mismanagement to the point that budgets were "effectively meaningless as a financial management tool." The city was $10 million under- funded in its pension fund and increasing budget deficits. In April 2010, Democratic Governor Jennifer Granholm appointed Joseph Harris as Emergency Financial Manager.





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Income Inequality Has Gone Up

The chairman of the White House Council of Economic Advisers, Jason Furman, recently wrote in the Washington Post that "Last year saw the largest single-year reduction in poverty since the 1960s."