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 World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!