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Tag: Two Auto Bankruptcies

And In Other News... It's Dark Outside At Night

By Corinthian Scales, Section News
Posted on Sat Nov 19, 2011 at 04:26:56 AM EST
Tags: Granholm, Spending, Taxes, Snyder, Goonion Labor, Two Auto Bankruptcies, 1000000 Jobs Lost, Michigan still sucking hind teat (all tags)

The astute economist team at U of M has brilliantly deduced that two terms of Granholm spending and goonion labor costs that bankrupted two auto makers placing Michigan at the bottom now just hovers above the bottom, for years to come.

ANN ARBOR, Mich. (AP) -- A continued rebound in manufacturing will help Michigan add jobs and end its economic downturn over the next two years, but recovering the hundreds of thousands of jobs lost since 2000 will take far longer, a University of Michigan economist said Friday.
"Once Michigan's curse, the concentration of manufacturing has now become its blessing," George Fulton said at the university's annual economic forecast conference.
The state is on the upswing, albeit slowly. Fulton said he expects it will end 2011 with its first net job increase in 11 years, having added 64,200 positions. With the expected addition of 32,000 jobs in 2012 and 45,000 in 2103, the state's likely to see its unemployment rate drop from 10.6 percent now to around 10 percent in 2013.

The farce in U of M's figures?

Michigan is struggling to replace the 857,000 jobs it lost between 2000 and 2009,..

Wrong. Jenny said she lost 1,000,000 jobs. So, based up their "the state to have regained about 178,000 of the lost jobs through 2013" since the GoverNerd has been in Office, at that pace, in another 18½ years from now the state should be at about the break even point in jobs. Oh! ...and with that higher GoverNerd State Income Tax too.

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