Professor Mark J. Perry's Blog for Economics and Finance
Posted 7:10 AM Post Link
Links to this post
David Littman, winner of the prestigious Lawrence R. Klein Award for Blue Chip Forecast Accuracy and Senior Economist at the Mackinac Center for Public Policy, a Michigan think tank. Littman sees the auto industry as the driving force for much of the unemployment. He points out that even as the auto industry was selling 17 million units annually, they were still losing market share and not making a profit. Those were the good ole days. Here is the interview with Littman:VIDEO
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.DETROIT NEWS
"People are leaving Michigan at a staggering rate". California should take this record away from Michigan in our near future.The Question is when Obama turns the other States into Michigan & California. Where will people have left to run and hide from the Obama economy & take over by Government of Private Property?GOPsaversSacaramento CA.
Fed Chairman Ben Bernanke was one of the earliest to use the phrase, saying on "60 Minutes" in mid March: "The green shoots of economic revival are already evident."Hmmm, not to worry though, Obama's Weed Killer will take care of those pesky green shoots...
Post a Comment
Create a Link
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
View my complete profile