Gov. Rick Snyder Releases Video On Detroit's Financial Situation

Michigan Gov. Rick Snyder released a video late Thursday in which he discusses Detroit's financial situation. The video appears to aim to set the record straight on the possibility that Snyder might appoint an emergency manager for the city.

"My goal is to ever avoid having to appoint an emergency manager. That's a failure point," Snyder says in the video.

He discusses the city's short-term cash shortfall, as well as longterm structural problems, citing education, public safety and public transit as areas to address. "This is not a time to be divisive, this is a time to be inclusive," Snyder says in the video.

Snyder has received much criticism for his role in moving forward with the emergency manager process for Detroit. On Wednesday, State Treasurer Andy Dillon recommended a full state review of the beleaguered city's finances, after completing a 15-day preliminary review.

Earlier on Thursday, U.S. Rep. John Conyers and Jesse Jackson held a press conference with local leaders, urging opposition to an emergency manager for Detroit and to Michigan's emergency manager law.

Quick Poll

Is Snyder sincere about wanting to avoid an emergency manager for Detroit?

No way. He's had his sights set on the city since he took office.

He seems dedicated to going through the legal process.

Who cares? The city's doomed to bankruptcy anyway.

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