Detailed text transcripts for TV channel - FOXNEWS - 20121207:06:24:00
Is that what you mean? >> yeah. in michigan we've had a statute for some time. we had some controversy and we're under the old statute now. this goes back to many years where we had emergency manager status. they can come in, work with the city and resolve the issues in a more efficient fashion than the traditional way. get to an emergency like this, the traditional way wasn't working. >> aren't you at that point? i mean the unemployment rate, of course, in october of '09 is 25.5. i imagine a lot of people were discouraged and left and that's the decline to 18.9 but that's more than twice the ...
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