While there were some who wanted Michigan and Detroit to go bankrupt, rather than get a bail out for the auto industry, Michigan and Detroit preserved. This was in some measure, through the efforts of their two term Governor Jennifer Granholm
Today, Detroit is experiencing a kind of renascence, that even goes beyond the Tigers and Lions. Detroit today is becoming a city of what Richard Florida calls the Creative Class, with even a Whole Foods opening in downtown Detroit. How did this happen and what can we all learn from Detroit's and Michigan's experience? Governor Jennifer Granholm explains in her new book A Governor's Story: The Fight for Jobs and America's Economic Future.
My conversation with Gov. Jennifer Granholm: