| Will Michigan ever recover from this economic crisis?
Posted: 10/22/2009 11:30:16 PM | | Probably everyone on here has been effected or knows someone who has been effected by the current economic crisis. I think the crisis here in Michigan began 2 or 3 years earlier than it did in the rest of the country. The question is with the auto industry going belly up for a while and the manufacturing jobs going south of the border, will Michigan ever recover? I don't think filming a few movies here is going to help in the long run. I mean seriously, "Hollywood, Michigan"? Our winters will have them running back to sunny California. So where are the jobs going to come from? Anyone? Anyone? | |
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| Will Michigan ever recover from this economic crisis?
Posted: 10/24/2009 11:47:02 AM | first point of order I work for a company that supplies GM with parts from bankrupt autosuppliers. essentially I have a job because others lost theirs. as far as production going south of the border that is not were it is headed it mostly is headded to states that border mexico it actually cost 500 dollars more to make a car in Mexico than in the Southern US and 2500 more in Michigan. I work in a former autosupply company called Kelsey Hayes. Two things I can tell you the landlord of property shipped the last of the heavy stamping equipment out of the plant about a year ago it was headed via truck but could not get permission to go through one of the souther states, so they put it on the rail road tracks it was bound for southern Alabama not Mexico.
michigan has some key problems one is the overdependance on manufacturing especially automobiles that higher wages that go with them( the primary reason for the movie tax credit is to get people higher paying job, not just jobs something lost on the business community). Another key factors is Detroit bad image in the press makes all of michigan look bad, and finally we want more that we are willing to pay for so we have been in a declining death spiral for more years than other states.
We need to rewrite our constitution but we must first establish a framework to avoid it becoming a free for all for interest groups. we get that chance in 2010 I am working on getting the petition with a rebuilt constitution going. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 10/25/2009 7:18:31 AM | I might not be the best versed in the economy or finances but I do know several thousands of people are without jobs and we are being pushed in the direction of entertainment and hospitality instead of manufacturing ... there is also a strong presence of medical research facilities being thrown up on the west side of the state .. so all is not lost or doomed .. but things are and will be definitely different than they have been ... there will be some manufacturing but not near the volume we are used.
my best advice is to take advantage of any opportunity one has to return to school and get a degree or a diff degree ... yes school is much more detailed than it was 30 yrs ago but none the less a fresh degreee will look good for you. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 10/25/2009 11:22:05 PM | | The manfacturing is probably going to southern states because the South is kind of known for being anti-union. If people would study what life was like before the Unions, I think it would be easier to recruit people to become more involved in fighting for jobs to stay put. Sad thing is, people are too apathetic. It is much easier to sit around watching American Idol or playing Guitar Hero, than being outraged at what is happening in our country. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 10/27/2009 12:42:07 AM | | There are also a ton of alternative energy companies looking to start doing business in Michigan. Production of "green" energy could be a good thing for this state. Development, manufacturing and implementation/construction of these devices could be a great influx, if it ever gets going. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/1/2009 6:25:09 PM | ^^^^^i tried to warn everyone, females don't belong in government...let the guys do the dirty work...lol
on a serious note...anyone with half a brain should have seen these problems coming 10 years ago...i warned my kids about buying homes 6 years ago...did they listen?....no...so now they are stuck with homes they paid 1/4 of a million dollars for and are worth maybe 175 if they get lucky...things were way out of hand, the average working joe couldn't even afford to buy a starter home...the rich got richer and the poor got poorer...
there is a solar energy company out of georgia opening a huge plant in the mid michigan area soon...michigan has some of the best engineers in the country...i think we'll be seeing more opportunity in our fine state in the very near future...the government is willing to send us all back to schoool, so i say go for it, what can you lose? | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/6/2009 8:45:01 AM | esquire47,
who says if they get tax cuts they will invest in Michigan for that matter America, when you have a choice of making 3% or 20% with the same risk factors wouldn't you but it where you would get the 20% and since its on foreign soil it is exempt from taxation. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/9/2009 11:40:26 PM | I'd never count out the auto industry. It will be a huge climb back, and they probably won't come close to the amount of jobs they and their ancillary industries had previously provided, but they can rebound.
What looks to be a good contender for new growth industry is smart (green) energy.
The problem, like always, is our business policies are toxic. Lansing needs a total makeover for us to have a chance of getting out of this huge hole and maintaining any kind of sustainability.
Shrek makes an equally valid point. Federal policies need much reform, too. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/11/2009 11:05:26 AM | motownmaniax
we can start in 2010 we can vote to have a new constitution written most of the head wagers say we will never do it but I think it needs to be done.
here are some suggestions,
one, pay and bennys of representatives are tied to the wages of the highest and second highest tier of wage earners.
two, a limit on taxation to 3% and never to exceed 5% the value of the item purchased
three a limit on state and municipal government part of the economy to no more than 5%
one other idea is to limit the amount of money in rainy day funds to 6 months and refund what ever is beyond that. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/11/2009 1:38:03 PM | Michigan will be last in the country to come back, but in California, it is worse, they are so broke, they are taking another 10% out of everyones paycheck per week. The liberals want to run this country just like California, and that just shows you how stupid they are.
Cap and Trade will add $3,000 a year in taxes to every working American, stiff face Pelosi want to raise the tax bracket to 45% plus, which will not harm me, but could have a trickle down effect overall.
There is going to be a tzax revolt in this country soon, look at what is happening in New York, they are getting taxed to oblivion. People are getting fed up, and rightfully so.
Next elections, vote all Liberals out of office, and any Michigan democrat who voted yes on Obamacare. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/11/2009 5:56:23 PM | | I respectfully disagree, which is my right I pay taxes and very little but still I have a right to have my voices heard and as for the trickledown they don't care they make more money overseas anyway. I could eliminate all taxation and regulation and still the money would leave our shores. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/12/2009 1:07:19 PM | Article in the Free Press today basically said Michigan will be doom and gloom for a very long time, and regaining all jobs lost will take up to 15 years. Basically an outdated tax system, pathetic government, and inept running of the auto industry and putting our eggs into one basket ( auto industry), we are going to be just like California.....but at least they have better tourism there than here.
Also read next year in Michigan commerical real estate will be worse than the great depression, so look for a ton of smaller shops and stores to go bankrupt and close, or vacant buildings now to sell practically for free, so could bring some new opportunities for someone willing to open a new business. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/12/2009 11:10:54 PM | David, I think there is alot of truth in that. When I was a kid, Detroit was the 4th largest city in the country. Last I heard it was around 10th. Now some of that happened because of the "white flight" to the suburbs after the 67 riots, but the Detroit area has just been in a downward spiral for as long as I remember. I know we never recovered from the recession following 9/11.
As far as blaming the liberals for this, remember the bottom dropped out during the Bush administration. You can blame Obama for alot of things, but he was not the cause of this economic crisis. He wasn't even elected when this happened. | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/13/2009 1:28:34 PM | Yeah this crisis started around last September, but remember, there were tons of Liberals in office during the Bush years, and I am not defending Bush, I was not a big fan of his either the last couple years of him in office, but Obama is way too left for this country.
As for Michigan, it has been a disaster for years due to Granmole and the automotive companies run by morons, the day of reckoning was coming, and unfortuately, it came when a bad recession hit.
I think the worse is over, and things are slowly going back up, but in Michigan, we will be one of the last to see it... | |
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| Will Michigan ever recover from this economic crisis?
Posted: 11/17/2009 2:10:19 PM | | I hope not, you are right the crisis started in semptember the set off was not the decision to not bail out one of the big boys but when the treasury secretary to punish bear sterns forced its sale at 2 bucks a share creating a crisis in the value of all investment banks balance sheet by not alluding they forced the sale at that price it created a vacuum of value and made the value drop causing everyone to withdraw credit because of uncertainty about the value of the company. Most liberals think Obama is to far right for their taste. As for our govoner we have an industry that can't do math it cost 500 dollars to make a care in mexico that is 500 dollars that are no longer in the profit model yet they invested billions in Mexico despite a cost differential of 500 dollars morons are right. Also labor cost even in the material production is only 10% of the cost fixed cost are the killer in the auto industry. I am tired of all the conservatives saying give me a tax break and we will stimulate the economy the truth is it does work cutting taxes does stimulate economies but not the american economy that money if sent overseas causing massive job losses at home we have the most productive work force on the planet yet we can't get the auto companies to drop prices on vehicles a car now costs what a house did and the union the so called bad guys had it in their contract to lower the price of cars if the company hit certain profit margins they did the company said the language only made it a suggestion. | |
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