Saturday, December 6, 2008

Kill the Canary

Once the Arsenal of Democracy, Michigan has suffered from a weak economy for years now. Now that the depression is approaching, things are worse than ever with the cyclical economy of Detroit.

Congress only wants to dribble out the money, maybe to keep Big 3 from immediate bankruptcy.

Wake up, Congress. Detroit is the canary in the coal mine. After it fails, the rest of the dominoes are falling too.

If the auto industry goes under, so many other businesses will fail that we won't have to guess about the start of the depression. It will be here with a vengeance.