It's Bush's Fault

[GenX]

Employers in the U.S. hired enough workers in August to keep the unemployment rate near a six-year low, helping the nation weather turmoil in housing and credit markets, economists project a report this week will show.

Employers added 109,000 workers to payrolls last month, following a gain of 92,000 in July, according to the median estimate in a Bloomberg News survey ahead of a Labor Department report Sept. 7. A private report Sept. 4 may show manufacturing continued to expand.

``The underlying fundamentals are sound and the economy continues to grind forward,'' said Carl Riccadonna, an economist at Deutsche Bank Securities in New York. Growing employment ``largely avoids the economy going into a steeper downturn.''

Job and wage growth may sustain consumer spending, which accounts for more than two-thirds of the economy, as home values fall and loans become more difficult to get. The figures are the first economy-wide reports since credit costs surged globally last month in the wake of subprime losses that prompted the Federal Reserve to lower a key interest rate.

LINK (http://www.bloomberg.com/apps/news?pid=20601087&sid=aR1cPSKDREZo&refer=home)

[The Berean]

"It's Bush's Fault"

We've been trying to tell you that!!

Next!!

[GenX]

great one.

funny.

[Hans]

Can you give us the numbers for how many American jobs were outsourced to locations outside of the USA?

[Soundbear]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ConKat</div><div class="ubbcode-body">"It's Bush's Fault"

We've been trying to tell you that!!

Next!! </div></div>

Speedy really hates his own garbage thrown back in his face!! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Barry Morris</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ConKat</div><div class="ubbcode-body">"It's Bush's Fault"

We've been trying to tell you that!!

Next!! </div></div>

Speedy really hates his own garbage thrown back in his face!! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

Thanks, BM /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif

[1337]

What about the government not doing anythign to keep Auto plants in michigan? What is "BUSH" doing to keep VW in michigan instead of moving to the east coast?

NOTHING, because the government see's it as staying in American, and not the state to help.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">What about the government not doing anythign to keep Auto plants in michigan? What is "BUSH" doing to keep VW in michigan instead of moving to the east coast?

NOTHING, because the government see's it as staying in American, and not the state to help. </div></div>

What is CANADIAN Jenny Granholm, the governor, doing???

Nothing!!!

Michigan got exactly what it deserved. It elected a Canadian Democrat. Could you get a worse mix?

It should be a shock to no one that Michigan is the ONLY state that has not yet recovered from the recession of 2002.

[1337]

I'm sure there are other states, check it out.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">I'm sure there are other states, check it out. </div></div>

Alrighty then!!

"The drumbeat of bad economic news out of Michigan keeps pounding.

The Great Lakes State has lost jobs for six consecutive years, Michigan’s longest run of workplace shrinkages since the Great Depression. Automakers are laying off tens of thousands. Pharmaceutical giant Pfizer is closing up shop in Ann Arbor and Kalamazoo. The state ranks among the top three in the country for home foreclosures and mortgage delinquencies.

Analysts at Comerica Bank, which is moving its headquarters from Detroit to Dallas, say Michigan is stuck in a “one-state recession.”

Like a said...she's a Canadian Democrat.

Anyone surprised Michigan is an economic basket-case?

[GenX]

"Michigan languishes in what one crowd calls a “one-state recession,” and what the other crowd insists is a “one-industry recession."

NY Times (http://topics.nytimes.com/top/reference/timestopics/subjects/r/recession_and_depression/index.html?query=MICHIGAN&field=geo&match=exact)

"Last year, Michigan was the only state with a shrinking gross domestic product, or GDP"

LINK (http://www.parapundit.com/archives/004380.html)

"Much of the Seventh District weakness is confined to Michigan, and recent indications show little sign that the Michigan labor market performance is turning around. As illustrated below by a 3-month moving average of monthly unemployment rates, the U.S. and the rest of the Seventh District states (excluding Michigan) have reported a falling rate of unemployment over much of the past 3 years. Currently, the region’s unemployment rate lies very close to the nation at around 4.5 percent. In contrast, Michigan’s current unemployment rate, after improving in 2005, is now back where it was in 2004."

LINK (http://midwest.chicagofedblogs.org/archives/michigan/)

"Michigan’s economy continues to languish, and the
near-term prospect is for more of the same during
the second half of 2006."

LINK (http://64.233.169.104/search?q=cache:on4go2KY7qcJ:www.comerica.com/Comerica_Content/Corporate_Communications/Docs/MichiganEconomicBrief_2006_03.pdf+michigan+only+st ate+not+recovering+from+recession&hl=en&ct=clnk&cd=23&gl=us&client=firefox-a)

"In both total private employment and total non-farm employment, Michigan was the only state with a negative coefficient. Every other state has a positive trend line. "

LINK (http://www.mackinac.org/article.aspx?ID=7587)

All Hail the Canadian Democrat!!!

[GenX]

More, T-pot?

Okey dokey /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

"Michigan has spiraled downward into recession over the last three years while the rest of the country has prospered"

LINK (http://www.housingzone.com/probuilder/blog/1410000141/post/660010666.html)

"...and in five years, you're gonna' be blown away"
-Jennifer Granholm

Video (http://youtube.com/watch?v=5PdHC9kAJK4)

Indeed...blown right out of the State.

Nice job, Jenny.

[1337]

Nope, i need more on how the American economic is failing and the Canadian dollar is rising.

[KDawg]

Bad economic news indeed for Michigan.

So why do you think the citizens of Michigan voted in Granholm again, in the last election? The bad economic news was already there, yet she won.

[GenX]

Unions and Detroit. Those two factors have enough power to swing every election in Michigan as long as they are on the same page, which is most of the time.

Two of the Democrats most loyal bases are African Americans and unions.

Western Michigan is heavily Republican, but it does not have enough population yet to counteract metro Detroit. And although northern Michigan usually trends Republican (with Marquette County always being the exception), because something like 90% of the State's population lives south of Gaylord, northern Michigan is always at the electoral mercy of the much larger central and southern Michigan.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Nope, i need more on how the American economic is failing and the Canadian dollar is rising.

</div></div>

Perhaps some remedial English classes before delving into economics?