Ground zero Detroit: Auto industry, foreclosures, and the recession hit hard
Facing a triple threat from the spiraling economy, mortgage foreclosures and an ailing auto industry, President Obama began his economic counteroffensive this week. He signed a huge stimulus bill, was given a multi-billion dollar plan to restructure car makers and announced a $50 billion foreclosure rescue. All of these moves resonate in Detroit, a city struggling with foreclosures and ground zero of the auto industry meltdown. Jerome Vaughn is the News Program Director at WDET-FM in Detroit and he joins The Takeaway this morning.
The story you just read is accessible and free to all because our listener community contributes to our nonprofit newsroom. We go deep to bring you the human-centered international reporting that you know you can trust. To do this work and to do it well, we rely on the support of our listeners. If you appreciate our coverage, if there has been a story that made you pause or a song that moved you, would you consider making a gift to sustain our work? All donations between now and June 30 will be matched 2:1, tripling your impact.