Economic Analysts: Mich. Faces Worst Economic Depression Of Decade

[stephanie]

Vote Democrat......this is what you get...

DETROIT -- Economic experts said Michigan is going through the worst depression of the decade.

Michigan's unemployment rate increased to 7.7 percent in October, the highest rate since late 1992, and 43,000 jobs have been lost in the process.

Michigan has had the nation's highest seasonally adjusted unemployment rate for several months.


The state's September jobless rate was 7.5 percent. The rate in October 2006 was 7.1 percent.

The state’s Labor and Economic Growth Agency reported that Detroit, Warren and the Livonia area scored an 8 percent jobless rate, up from 7.9 percent last month.

State officials said the higher jobless rate this month reflects short-term layoffs in the auto industry.

Chrysler slashed another 10,000 blue-collar jobs last month; many of those jobs were based in Michigan.

General Motors laid off 3,000 white-collar and contract jobs by reducing the numbers of shifts in the plants.

The level of manufacturing jobs in the state last month was the lowest recorded all year.

Although the auto industry lay-offs are at the heart of the problem, there are also major problems in the retail and construction industries.

In addition, Detroit has the highest foreclosure rates among the country's 100 largest metropolitan areas in the third quarter this year.

The national unemployment rate in October was 4.7 percent.
http://www.clickondetroit.com/news/14606964/detail.html

[diuretic]

Why are the Democrats to blame? I'd be looking at the incompetence of management of auto industry companies for economic problems in Michigan.

[stephanie]

Why are the Democrats to blame? I'd be looking at the incompetence of management of auto industry companies for economic problems in Michigan.

Dig deep...see who has been running the government of Michigan and who has imposed all the taxes and regulations...

Taxes and regulations is what will strangle any business out of the state...Why should they stay???

[red states rule]

Why are the Democrats to blame? I'd be looking at the incompetence of management of auto industry companies for economic problems in Michigan.

Try the union thugs that have ran the auto companies into the ground

[diuretic]

Dig deep...see who has been running the government of Michigan and who has imposed all the taxes and regulations...

Taxes and regulations is what will strangle any business out of the state...Why should they stay???

Nope - it's more than that Stephanie. I do remember a couple of years ago reading an interesting article in Time magazine that attacked the bidding war by the various states to lower taxes and give other incentives to businesses to set up in one state rather than the others and how stupid that was (we've done that here for many years, we're still not convinced we're a real country rather than a bunch of states fighting with each other).

I think the problem in Michigan is spelled - T-O-Y-O-T-A. That's my way of saying that the US auto industry hasn't kept up. I know BMW has a few issues with their Hydrogen concept vehicle but - I ask rhetorically - is the US auto industry there yet?

Get ready for more bad economic news. We're getting it too but we (Oz) are a tiny economy. We may be nimble enough to get through what's coming (although with the current leadership we don't have a chance so they have to go next week at the election). I'm put in mind of the fall of the dinosaurs and the rise of those nimble little tackers called mammals that, well, are still around today and doing okay (but will be done in by global climate change).

Did I get enough hobby horses in there?

[red states rule]

Nope - it's more than that Stephanie. I do remember a couple of years ago reading an interesting article in Time magazine that attacked the bidding war by the various states to lower taxes and give other incentives to businesses to set up in one state rather than the others and how stupid that was (we've done that here for many years, we're still not convinced we're a real country rather than a bunch of states fighting with each other).

I think the problem in Michigan is spelled - T-O-Y-O-T-A. That's my way of saying that the US auto industry hasn't kept up. I know BMW has a few issues with their Hydrogen concept vehicle but - I ask rhetorically - is the US auto industry there yet?

Get ready for more bad economic news. We're getting it too but we (Oz) are a tiny economy. We may be nimble enough to get through what's coming (although with the current leadership we don't have a chance so they have to go next week at the election). I'm put in mind of the fall of the dinosaurs and the rise of those nimble little tackers called mammals that, well, are still around today and doing okay (but will be done in by global climate change).

Did I get enough hobby horses in there?

If cutting taxes is so bad, why is the amount of tax money flowing into DC is at record highs - and going up?

If the union thugs would have put out a quality product they would not have to worry about Toyota

[diuretic]

If cutting taxes is so bad, why is the amount of tax money flowing into DC is at record highs - and going up?

If the union thugs would have put out a quality product they would not have to worry about Toyota

Can't answer your question about taxes going into DC.

You have union thugs because you have thug bosses. And the UAW were thuggish at one time, they monstered the (now) CAW - http://en.wikipedia.org/wiki/Canadian_Auto_Workers - I saw the documentary featuring Bob White when I was on a national union leaders course here in Oz. A vicious labour/labor relations system will do that, force up tough, uncompromising and hard union leaders to deal with their mirror opposites in management in a labour/labor relations system that resembles the jungle at its worst.

[red states rule]

Can't answer your question about taxes going into DC.

You have union thugs because you have thug bosses. And the UAW were thuggish at one time, they monstered the (now) CAW - http://en.wikipedia.org/wiki/Canadian_Auto_Workers - I saw the documentary featuring Bob White when I was on a national union leaders course here in Oz. A vicious labour/labor relations system will do that, force up tough, uncompromising and hard union leaders to deal with their mirror opposites in management in a labour/labor relations system that resembles the jungle at its worst.

DC is run by Dems who live to raise taxes no matter what the current economic conditions are

Unions ran the auto comonaies into the ground now they are paying for it. Union membership in the US is in the single digits - while the economy is growing.

That should tell you something

[diuretic]

DC is run by Dems who live to raise taxes no matter what the current economic conditions are

Unions ran the auto comonaies into the ground now they are paying for it. Union membership in the US is in the single digits - while the economy is growing.

That should tell you something

The union movement in the US sealed its fate when it rejected social unionism in favour of the business unionism model. Gompers and Lewis saw to that. The US union movement could have been a force for positive social change but it was diverted. Heck we even had to send you Harry Bridges to guide the west coast longshoremen out of the desert. I'm sorry for the good union people in the US who deserve better but the disappearance of the movement is the natural outcome of their collective decision to reject social unionism. Their choice.

[red states rule]

The union movement in the US sealed its fate when it rejected social unionism in favour of the business unionism model. Gompers and Lewis saw to that. The US union movement could have been a force for positive social change but it was diverted. Heck we even had to send you Harry Bridges to guide the west coast longshoremen out of the desert. I'm sorry for the good union people in the US who deserve better but the disappearance of the movement is the natural outcome of their collective decision to reject social unionism. Their choice.

So the country rejected liberalism, and became the worlds economic and military superpower

The downside is?

[diuretic]

So the country rejected liberalism, and became the worlds economic and military superpower

The downside is?

Remember the British Empire?

[red states rule]

Remember the British Empire?

Yea, we kicked their ass in a war

[diuretic]

Yea, we kicked their ass in a war

That wasn't a war, that was a "police action"

But your tactics were very good, I'll give you that. Just as well the Brits were a long way away (logistics of course) and the French were on your side. Anyway they were imperialist dogs so they deserved to lose

[red states rule]

That wasn't a war, that was a "police action"

But your tactics were very good, I'll give you that. Just as well the Brits were a long way away (logistics of course) and the French were on your side. Anyway they were imperialist dogs so they deserved to lose

We started a war over high taxes - we may need another one

[diuretic]

We started a war over high taxes - we may need another one

Bloody imperialist bastards, sucking the lifeblood out of the young colony! Let 'em raise the taxes to fight their damn wars elsewhere!