Volume 37, Number 17 · November 8, 1990
The Fall and Rise of New York
By Felix G. Rohatyn
New York City is facing a social, political, and economic crisis far more serious than the fiscal crisis of the 1970s. This is reflected both in the life of the city itself and in the attitudes toward the city in Washington and in the rest of the country. Fifteen years ago President Ford gave a speech on New York which was accurately summarized by the Daily News as FORD TO CITY: DROP DEAD. In fact after the headline appeared President Ford did not do as well as the city did. Many of us believe that his remarks cost him the state's electoral votes and the presidential election in 1976, whereas the city managed to make a recovery and went on to a decade of considerable prosperity.
Feature, 5101 words
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