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Reply #10: I really hope you're wrong [View All]

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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 03:37 PM
Response to Reply #6
10. I really hope you're wrong
Michigan typically does worse than the nation which means we'll be at 20%. If they say it's 20, it will be more like 25-30% in reality.

Yes! Tax cuts won't fix anything. I wish Obama would drop tax cuts from the stimulus plan because I don't think it's the most effective use of the money. I don't think Republicans will support this stimulus package no matter how many tax cuts are included. If the stimulus bill helps the economy, Obama will get the credit and it will help the Democrats. If it fails, by voting against, the GOP will look good and will have something to run on. Politically speaking, there's no reason for the GOP to be bipartisan.

I believe Obama will be treated similarly to how our governor has been treated. Granholm inherited a budget deficit, a "rain day" fund that had been depleted, unemployment already near 7%, and about 200,000 lost jobs. She didn't clean up the previous GOP governor's mess quickly enough and is now blamed by many for the poor economy. If things don't drastically improve within 6-12 months, the GOP will start their 2010 & 2012 campaign of blaming Obama for not cleaning up their mess quickly enough.

So I hope Obama works on producing the best stimulus package possible and doesn't give us a watered-down package for the sake of bipartisanship.
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  -California jobless rate soars Zorro  Jan-24-09 01:46 PM   #0 
  - Plus the state is running out of money - and thus welfare checks  truedelphi   Jan-24-09 01:50 PM   #1 
  - Will this effect medicaid payments?  senaca   Jan-24-09 02:32 PM   #4 
     - It has been said that the state as a whole will be dead broke by late April  truedelphi   Jan-24-09 02:51 PM   #5 
        - It's about time they vote for higher taxes there and grow up.  barb162   Jan-25-09 12:58 AM   #28 
           - I agree...  JPace   Jan-25-09 05:00 PM   #31 
           - I have relatives there with a house twice the value of mine and taxes  barb162   Jan-25-09 06:24 PM   #32 
           - Prop 13 - the fruits of that  xxqqqzme   Jan-26-09 01:36 PM   #37 
  - Der Gropenfuhrer is an economic girlie-man. n/t  Ian David   Jan-24-09 01:55 PM   #2 
  - ...  Donnachaidh   Jan-24-09 03:22 PM   #8 
  - The bastard and his republican buddies are getting it from both ends  nolabels   Jan-24-09 10:05 PM   #27 
  - 2009 will, indeed, be a bad year  BreatheOnMe   Jan-24-09 02:12 PM   #3 
  - Count Ohio in.  OhioChick   Jan-24-09 03:02 PM   #7 
     - Georgia too  Donnachaidh   Jan-24-09 03:23 PM   #9 
        - Georgia has a 100% non-transparent voting system. Who knows who Georgians  Peace Patriot   Jan-26-09 01:17 PM   #35 
  - 15% by September 2009  Hawkowl   Jan-24-09 02:58 PM   #6 
  - I really hope you're wrong  BreatheOnMe   Jan-24-09 03:37 PM   #10 
     - Granholm cut $3 billion out of the budget before even  louis-t   Jan-24-09 03:45 PM   #11 
        - Engler was almost as bad as Bush  BreatheOnMe   Jan-24-09 03:55 PM   #12 
           - Service tax would hurt those already hurting.  louis-t   Jan-25-09 12:22 PM   #30 
  - If you want to know how deep this depression will be, check out these graphs:  Barrett808   Jan-24-09 03:56 PM   #13 
  - Capacity utilization is the worst  TomClash   Jan-24-09 04:02 PM   #15 
  - New York also had a 1% jump nt  TomClash   Jan-24-09 03:59 PM   #14 
  - Its about the same in Oregon too  Oregone   Jan-24-09 04:08 PM   #16 
  - Too bad it's so broke it can't have another "Recall" election. n/t  bluesmail   Jan-24-09 04:53 PM   #17 
  - Recession hits Silicon Valley as layoffs pile up  OhioChick   Jan-24-09 05:30 PM   #18 
  - Seems there is no shortage of shitty news. n/t  ChromeFoundry   Jan-24-09 05:30 PM   #19 
  - The repercussions will be brutal on the housing market there.  LibDemAlways   Jan-24-09 05:30 PM   #20 
  - They say Real Estate values in Calif have already dropped 38%...  Azlady   Jan-24-09 05:30 PM   #23 
     - They'll start being more in line with the rest of the country.  barb162   Jan-25-09 12:59 AM   #29 
        - Which will leave millions  Abq_Sarah   Jan-26-09 02:23 PM   #39 
  - Even the Indian outsourcing industry is in decline  leveymg   Jan-24-09 05:30 PM   #21 
  - Hopefully, U.S. Corporations will think twice  OhioChick   Jan-25-09 07:01 PM   #34 
  - Bye-bye California budget. n/t  igil   Jan-24-09 05:30 PM   #22 
  - "tight-fisted customers"!?!?  Hugin   Jan-24-09 05:30 PM   #24 
  - Yeah and all the jobs in India will be safe.  barb162   Jan-25-09 06:26 PM   #33 
  - I never thought I'd see the day CA was nipping MI on the heels as far as unemployment.  roamer65   Jan-24-09 06:05 PM   #25 
  - Legalize Hemp and Marijuana, green jobs and we need 'em.  quidam56   Jan-24-09 06:53 PM   #26 
  - Orange County lost over 41,000  xxqqqzme   Jan-26-09 01:24 PM   #36 
  - And to think, not that long ago, we had a $10 billion SURPLUS in California.  Peace Patriot   Jan-26-09 02:11 PM   #38 
  - Welcome to Michigan's nightmare, California.  sarcasmo   Jan-26-09 08:04 PM   #40 

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