Gov. Paterson has said New York is facing a 1970s-style fiscal crisis. So with all this talk of
economic woe facing the City, I revisted the
infamous Daily News cover from Oct. 30, 1975.

What struck me more than anything...Stocks Skid, Dow
Down 12!
12?
(By the way, I was unaware that there was an
NYC-based record label called Ford to City Drop Dead)