First it was mortgage-backed securities companies. Then came the private banks. So on and so forth, until Nov. 14, when Philadelphia itself asked to be bailed out by the government. The economic crisis has now truly hit home, as Philadelphia, Atlanta and Phoenix have asked the government for, "At least $50 billion in emergency financing … from the federal Treasury to help with infrastructure renewal, pension costs and short-term borrowing, which have all been curtailed by the credit crisis," The New York Times reported Nov.
It would be uncontroversial to claim that "historic" has been the adjective most oft deployed to describe the Nov. 4 election, and there can be no doubt that we at Drexel University contributed to that history. The campus-wide consortium of Drexel Votes 2008 was a very positive force in our community this year, and our sincere thanks as Drexel students goes out to the faculty and staff involved in this effort.