The World

Ground zero Detroit: Auto industry, foreclosures, and the recession hit hard

Facing the spiraling economy, foreclosures and an ailing auto industry, President Obama began his economic counteroffensive. All of these moves resonate in Detroit, a city struggling with foreclosures and ground zero of the auto industry meltdown.

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.