A Sad Story that’s going to get worse….
by Tom on April 2, 2009
in Market Musings, banks
There are a couple of things that really bother me about this story:
- It’s about the state that I’ve spend all except for 8 of my 44 years in (yeah, now you know how old I am).
- Our current state administration (governor etc.) have done, in my view, absolutely nothing that has encouraged business and fostered growth. That’s why I’m going to be supporting Pete Hoekstra when he runs for governor in 2010.
- The current crisis in the automotive industry is going to make this even worse rather than better.
And with that, have a Happy Thursday!
People are leaving Michigan at a staggering rate. About 109,000 more people left Michigan last year than moved in. It is one of the worst rates in the nation, quadruple the loss of just eight years ago. The state loses a family every 12 minutes, and the families who are leaving — young, well-educated high-income earners — are the people the state desperately needs to rebuild.
