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Fellow Michigan folk, how long have we been in a Recession?

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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 01:54 PM
Original message
Fellow Michigan folk, how long have we been in a Recession?
Our unemployment numbers have been number one for at least three years now. When does the unemployment line cross into a Depression.
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 01:59 PM
Response to Original message
1. Well, let's see, unemployment was 25% during the Depression
ours is 8% right now, 25 minus 8....carry the one.............I'd say January 21, 2008 will be the first day of the Obama Depression.

And a great, big :sarcasm:
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 02:44 PM
Response to Reply #1
2. Ours is 9.5 perecent right now.
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kpominville Donating Member (323 posts) Send PM | Profile | Ignore Wed Dec-03-08 11:05 AM
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3. Real Unemployment already at 11%
According to Republican economist Kevin Phillips, the real national unemployment number earlier this year was 11%, but because the government has been fudging the numbers for years we no longer get an accurate reporting.

I suspect that by this time next year our unemployment in Michigan will be around 20%.

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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 01:21 PM
Response to Reply #3
4. That is the Flint number on the books. 11 percent.
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shugah Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 11:21 PM
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5. since mourning in america
republicans really hate michigan.
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European Socialist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-08 08:33 PM
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6. 1/20/2001 is when the market worked its miracle...
Thanks Chimpco.
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PassingFair Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-20-08 02:30 AM
Response to Original message
7. We were tanking BEFORE Chimpy took up residence.
Advertising for the "big three" took a HUGE
hit in 1999...

By 2003, it was completely in the crapper.
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MichiganVote Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-21-08 02:20 PM
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8. Too damn long. And it looks like its the only thing sure of a permanent residency.
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BeatleBoot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-27-08 02:22 PM
Response to Original message
9. Auto volumes fell in May of 2000 and the Economy has struggled since
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