Poor Old Detroit, What’s It Good For?

It’s not just for blunt-force racial coding during campaigns . . . when we get to three it’ll be a trend:

Mayor Bloomberg said yesterday that President Obama’s plan to slap a tax on banks is aimed squarely at the city’s lifeblood and could turn Manhattan into a crumbling wreck like Detroit.

Bloomberg warned that the plan could bring about the collapse of the city’s financial sector and starve New York of revenue it needs to provide basic services.

. . .

“And if you want to see what happens to a city when their major industry fails, just take a look at Detroit,” which has been reeling from the collapse of the auto industry.