Marketplace is doing a comparison between the Nevada and Nebraska economies, affected quite differently in the current economy. I don't think they have mentioned that Nevada is one of the five hardest-hit states, all with large Hispanic populations, that had a disproportionate number of subprimes dangled before minorities and thus a disproportionate number of foreclosures/bankruptcies.
So as with a dozen other topics, we very cleverly analyse in great detail things that are at most minor factors of a problem, not acknowledging the rhinoceros in the room.
I will note, just to make sure folks are clear, that I consider George Bush to have been as much a problem as any Democrat on this, or more. False kindness that led to cruelty.