Mayor Daley: "I would never bankrupt the city of Chicago."

The Chicago Sun-Times reports:

An impassioned Mayor Daley today portrayed the 2016 Summer Olympic Games as the economic salvation for Chicago, but warned that the city just might lose the Olympic sweepstakes "if people keep throwing darts."

"In the next eight years of any city in America, tell me where the economic development is gonna come from. Is it gonna come from the military? The military builds in the south and southwest. It does not build in the Midwest and East," Daley said.

"You tell me one economic program that anyone has offered — both in the private sector or public sector. Every other city would love to have this—when the federal government will spend billions of dollars on infrastructure and on security. Besides that, the national and global publicity we receive from the build-up all the way to 2016. This is the only economic engine. We're talking about jobs. We're talking about contracts…coming into Chicago."

Chicago Democrats don't want private sector jobs. They'd prefer to do things the Chicago Way.