How US Cities are Reacting to the Debt Crisis

Monday, August 01, 2011

The nation's debt crisis has all eyes on the politicians on Capitol Hill. But we wanted to know how the debt crisis is playing out in different cities across the country — what local fears and concerns are, and what people have to say about what's happening in the District of Columbia. We headed to Denver, Colo., Detroit, Mich., and Miami, Fla. to hear what people have to say about the current debt crisis.

To give us a local perspective we speak with reporters covering the crisis in these cities. In Denver, Nathan Heffel, KUVO's news and public affairs manager, says small business owners are worried, but people are mostly worried about their 401(K)s. Craig Fahle, host of "The Craig Fahle Show" on WDET in Detroit, says people there are more angry than worried, even though many are struggling to understand what exactly is going on. And in Miami Doug Hanks, economy writer for The Miami Herald, says that people were not too concerned this time last week, but now many have changed their stances.


Craig Fahle, Doug Hanks and Nathan Heffel

Produced by:

David J Fazekas

Comments [1]


All this talk about the pulblic, and voters, being disgusted and angry with both parties.

I think that is a meaningless presumption; it doesn't even matter if it is true.

Because virtually all of electoral politics is a zero-sum game. There is no issue that is good, or bad, for "both sides." No matter what, in 2012, we will be voting for 435 House seats, more than 20 Senate seats, and a President. Voters can't vote for "none of the above." There may be effective winners, even if people don't vote.

So I don't buy the business of any crisis being bad for "both sides" or for "all incumbents." I don't think that has ever been true in American politics.

Aug. 01 2011 11:28 PM

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