Sunday Night NBC Nightly News

[menckensghost]

As was fairly evidenced by the first several comments, Detroit's woes began way before the current recession/depression. It should come as no surprise that we are "ground zero" for these economic maladies. It is what is called "going from bad to worse." People who love this city [[as I do) should be thankful, in a way, for this kind of coverage. Perhaps it will bring some outside intervention. God knows we need it.

[313WX]

As was fairly evidenced by the first several comments, Detroit's woes began way before the current recession/depression. It should come as no surprise that we are "ground zero" for these economic maladies. It is what is called "going from bad to worse." People who love this city [[as I do) should be thankful, in a way, for this kind of coverage. Perhaps it will bring some outside intervention. God knows we need it.

While that may be true, Detroit's [[or Michigan's) problems didn't really hit rock bottom until the credit freeze. I don't even remember a time when the more stable outer ring neighborhoods/iiner ring suburbs looked so, well, dead before the foreclosures, nor have I ever seen the roads seem so empty during rush hour. Detroit [[especially it's inner city) was approaching the tipping point of a real revival until the banks stopped lending out money to the people [[in general). Remember, the only reason Ford didn't accept any bail out money [[well actually, they did get a 5 billion dollar loan under the table), send out the massive list of layoffs or go bankrupt they had credit to fall back on. GM & Chrysler did not.