john: what s up with detroit? can this happen to your town? that our show tonight. and now john stossel. john: detroit was once the richest city in america. i was three years old and. that was the 1950 s. now it s the biggest u.s. city ever to declare bankruptcy. so what happened? our guests tonight have some clues. first, fox news reporter works in detroit and just wrote, detroit, an american autopsy. an autopsy, one examines the dead body and tries to find out what killed him. detroit isn t that exactly. what killed the trust? would kill the charge, racial conflict of detroit. slav kill detroit corruption children. it seems like that is what has become the american way because detroit is not alone. what is baltimore going to do, atlanta, l.a. jo: detroit is and worse shape. worse politicians, more unions. the automaker collapsed. it was in the politicians fault. it was just the big three crashed. it was all of them. one industry town. we were rich. we thought it
john: what s up with detroit? can this happen to your town? that s our show tonight. and now john stossel. john: detroit was once the richest city america. i was three years old and. that was the 1950 s. now it s the biggest u.s. city ever to declare bankruptcy. so what happened? our guests tonight have some clues. first, fox news reporter works in detroit and just wrote, detroit, an american autopsy. an autopsy, one examines the dead body and tries to find out what killed him. detroit isn t that exactly. what killed the trust? would kill the charge, racial conflict of detroit. slav kill detroit. corruption children. it seems like that is what has become the american way because detroit is not alone. what is baltimore going to do, atlanta, l.a. john: detroit is and worse shape. worse politicians, more unions. the automaker collapsed. it was in the politicians fault. it was just the big three crashed. it was all of them. one industry town. we were rich. we thought i
john: what s up with detroit? can this happen to your town? that s our show tonight. and now john stossel. john: detroit was once the richest city in america. i was three years old and. that was the 1950 s. now it s the biggest u.s. city ever to declare bankruptcy. so what happened? our guests tonight have some clues. first, fox news reporter works in detroit and just wrote, detroit, an american autopsy. an autopsy, one examines the dead body and tries to find out what killed him. detroit isn t that exactly. what killed the trust? would kill the charge, racial conflict of detroit. slav kill detroit. corruption children. it seems like that is what has become the american way because detroit is not alone. what is baltimore going to do, atlanta, l.a. john: detroit is and worse shape. worse politicians, more unions. the automaker collapsed. it was in the politicians fault. it was just the big three crashed. it was all of them. one industry town. we were rich. we though
0 would use imminent domain to kick people out of their homes and make it worse. yes. that happened many times. it happened with the building of i-75, it happened with the pole town plant. there was a neighborhood called pole town where lots of people lived. politicians said we ll put an auto plant in there. uh-huh. and they kicked out thousands of people to make space for that plant. the politician s visual. what makes detroit worse than other cities? detroit is just the first. it s the first city to experience a lot of the planning that went into a lot of cities. the federal home loan bank board was a national program, but it was first in detroit where they started to build up neighborhoods around these federal subsidies, which sprawled them out and racially segregated them. detroit has the third highest income tax of any major city. and yet there s no money. how can that be? where does it go? i would love to know where the money went, but better, where did the people g