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If You Like Michigan's Economy, You'll Love Obama's [prediction from 2008 has come true]
Wall St. Journal ^ | September 13, 2008 | PHIL GRAMM and MIKE SOLON

Posted on 07/24/2013 7:59:49 PM PDT by grundle

from 1996 through 2006, Texas, Florida and Arizona were the three most successful states. Illinois, Ohio and Michigan were the three least successful.

Texas gained 1.7 million net new jobs, Florida gained 1.4 million and Arizona gained 600,000. per-capita real income grew by $6,563

By comparison, Illinois gained only 122,000 jobs, Ohio lost 62,900 and Michigan lost 318,000. real income per capita rose by only $3,466

In Michigan, the average family of four had to make ends meet without an extra $8,672 had their state matched the real income growth of the three most successful states. Families in Michigan, Ohio and Illinois struggled not because they didn't work hard enough, long enough or smart enough. They struggled because too many of their elected leaders represented special interests rather than their interests.

In the three most successful states, state spending averaged $5,519 per capita. In the three least successful, state spending averaged $6,484 per capita. Per capita taxes were $7,063 versus $8,342.

Texas, Florida and Arizona are right-to-work states, while Michigan, Ohio and Illinois are not. Michigan, Ohio and Illinois impose significantly higher minimum wages than Texas, Florida and Arizona. Yet with all the proclaimed benefits of unionism and higher minimum wages, Texas, Florida and Arizona workers saw their real income grow more than twice as fast as workers in Michigan, Ohio and Illinois.

Yes, Michigan lost 83,000 auto manufacturing jobs during the past decade and a half, but more than 91,000 new auto manufacturing jobs sprung up in Alabama, Tennessee, Kentucky, Georgia, North Carolina, South Carolina, Virginia and Texas.

When Democrats talk about soaking the rich, it isn't the Rockefellers they're talking about; it's the companies where most Americans work. Three out of four individual income tax filers in the top 1% are, in fact, small businesses.

(Excerpt) Read more at ...

TOPICS: Miscellaneous; US: Michigan
KEYWORDS: michigan

1 posted on 07/24/2013 7:59:49 PM PDT by grundle
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To: grundle

SE FL here.

Recently got a statement from SS. Saw the graph of my life’s income.

Steadily rose to 2009, then dropped off a cliff. 2006 was the highest salary of my life. 2009 to present, the lowest.

2 posted on 07/24/2013 8:10:53 PM PDT by bicyclerepair (Inbred, pedophile-worshipping, misogynists (mozlums) offend me.)
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To: grundle

During that time we had an idiot liberal woman governor who could only think about green jobs.

3 posted on 07/24/2013 8:13:34 PM PDT by Rodm
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To: bicyclerepair

Mine went down hill from 6 figures to darn near nothing a few years ago...

Then I made a field change and it’s headed back up thank god.

I might have to make a state change too in the near future.

4 posted on 07/24/2013 8:14:43 PM PDT by cableguymn (The founding fathers would be shooting by now..)
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To: grundle

If one subtracts Detroit, (throw in Flint) Michigan really is God’s country.

Don’t ever forget that.

And at the local level Michigan is completely red, don’t forget that either.

No rat has a job higher than county.

5 posted on 07/24/2013 8:17:15 PM PDT by quantim (Victory is not relative, it is absolute.)
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To: grundle; All

With the IRS in charge of Taxation and Obama’care,’ the wealth and health of the LEGAL citizens of the United States of America will become totally controlled by corrupt politicians at the Federal level, IOW, we will be a Communist State.

We need to create as much civil disobedience as legally possible, because our sorry Congressional RINOs will not Impeach Obama for violations of the US Constitution, Anti-Trust Laws, Cowardice in the face of the enemy, or Dereliction of Duty.

Communist Tyrant B. Hussein Obama has no intention of allowing the US Congress to interfere with Obama’s selective implementation of the Anti-Trust violations of Obama’care.’

Obama will use HIS Bureaus, HIS Executive Orders, and HIS Military to “preserve, protect and defend” Obama’care’ in order to insure the complete financial destruction of The United States of America, and thus fulfill his first Inaugural vow to “Fundamentally change the United States of America.”

6 posted on 07/24/2013 8:26:04 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: grundle

A study was done of car salesmen back in the 70s and black customers got better deals from white salespeople. The black salespeople screwed them big time.

I know a couple that paid more points and a higher interest just because the loan officer was black.

The black elected “leaders” all over the country are screwing their constitutients.

7 posted on 07/24/2013 8:57:12 PM PDT by VerySadAmerican (If you vote for evil because you can't see evil, you ARE evil!)
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To: quantim

Michigan is currently doing well.

Looks like an old study...

8 posted on 07/24/2013 8:59:25 PM PDT by Cringing Negativism Network
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