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Living in Michigan as I do, unemployment is an issue of particular interest to me. Michigan has the highest unemployment rate in the nation by more than two full percentage points, currently 8.9% MI vs. 6.1% nationally. I have researched both candidates positions on this issue and was very surprised to find that one of the principle strategies for creating new jobs in the Obama plan is modeled after the Michigan 21st Century Jobs Fund.
Invest in our Next Generation Innovators and Job Creators: Obama and Biden will create an Advanced Manufacturing Fund to identify and invest in the most compelling advanced manufacturing strategies. The Fund will have a peer-review selection and award process based on the Michigan 21st Century Jobs Fund, a state-level initiative that has awarded over $125 million to Michigan businesses with the most innovative proposals to create new products and new jobs in the state.
LANSING - Governor Jennifer M. Granholm today announced that 61 awardees have been selected by the Michigan Strategic Economic Investment and Commercialization (SEIC) Board to share more than $100 million from the first round of the 21st Century Jobs Fund initiative to create jobs in Michigan's emerging technologies. The initiative is part of the Governor's comprehensive Jobs Today, Jobs Tomorrow economic plan to grow Michigan's economy.
"Today, we are creating the 21st century jobs of tomorrow," Granholm said. "These awards recognize some of the most promising and innovative job creating ideas Michigan has to offer."
It has been two years since Gov. Granholm made that statement and Michigan's unemployment rate continues to accelerate far beyond the rest of the nation.
Is Michigan the model for an Obama administration's job creation effort?
Your post is very educational. Why did it not work for Michigan?
I expect for all the same reasons that the industries left MI in the first place. NAFTA was a real job killer here because so many factories here supplied the US and foreign auto industries. I worked at a Chrysler dealership for a number of years and watched the source of parts change from America and Canada to Mexico. It was a few parts at first, but then they really started coming. They would be the same parts but with different made in X-country tags. If you're in the parts business and competing with other companies paying a labor rate that's a fraction of what you have to pay American workers, you may not want to go elsewhere as much as you have to. Add to that the regulations they have to comply with here, environmental, safety, legal, etc. plus the second highest corporate tax rates in the world, behind only Japan, and you can count on a mass exodus. Their's just no compelling reason to stay. Anyways, Granholm's gotta' make it look like she's doing something. I wish we would simply admit that we were wrong on NAFTA. We don't want to compete for jobs with Mexico at their wage levels. Then we need to lower as many expenses as possible for incoming industry. It's really very simple.
I can't tell if you are against or for the 21st century michigan job fund and your link to The Onion makes me more confused.
Are you against funding to startups to develop alternative energies or medical companies. Michigan's public universities graduate thousands of highly qualified employees every year that leave because there is no where to work.
Should the state and federal programs that create incentives for new small businesses ignore Michigan?
I can't tell if you are against or for the 21st century michigan job fund and your link to The Onion makes me more confused.
Are you against funding to startups to develop alternative energies or medical companies. Michigan's public universities graduate thousands of highly qualified employees every year that leave because there is no where to work.
Should the state and federal programs that create incentives for new small businesses ignore Michigan?
Let me put this in a nutshell. The economy in MI blows! Our governor also blows! You can't just tax business to death then do a study to find out why the economy sucks. After years of debate, She just recently repealed the "single business tax" with a gun to her head because she thinks the tax shell game doesn't cause investment dollars to go elsewhere. Now Obama is taking his ques from our state government because......why? We have the worst economy in the country by far! I met an attorney who had literally moved here from Minnesota just to do bankruptcies. What does he expect to learn from us. What we're doin' ain't workin'. Look elsewhere
The onion thing is just a spoof on business closings. It's very topical in MI.
Let me put this in a nutshell. The economy in MI blows! Our governor also blows! You can't just tax business to death then do a study to find out why the economy sucks. After years of debate, She just recently repealed the "single business tax" with a gun to her head because she thinks the tax shell game doesn't cause investment dollars to go elsewhere. Now Obama is taking his ques from our state government because......why? We have the worst economy in the country by far! I met an attorney who had literally moved here from Minnesota just to do bankruptcies. What does he expect to learn from us. What we're doin' ain't workin'. Look elsewhere
The onion thing is just a spoof on business closings. It's very topical in MI.
Don't forget to mention she's a Canadian socialist.
Knowing the base of the jobs in Michigan, how about the fact that Obama is going to stop giving initiatives and instead penalize companies that choose to move jobs out of America?
How about his plans to focus on alternative fuels? We all know that one of the Detroit automakers has developed an engine that can get 80+ MPG and we also know that the Bush administration has prevented that automaker from offering that engine to the American consumer.
Detroit needs to be allowed and supported by the federal government to take the lead on alternative fuel and energy sources- primarily because of the auto manufacturing there.
McCain/Palin support drill baby drill. That is not the answer. It will take a minimum of ten years before our drilling would have any kind of effect on our gas prices- and the volume of fuel we need here cannot be touched by our own drilling. We will remain dependent on fuel from other countries.
Rather than spend that money and time on drilling, why not invest it in alternative fuel sources- not just for energy but for transportation. In ten years I would love to see fuel cell/hybrid vehicles be the norm rather than the exception. That is the only way we will ever find ourselves independent of Middle Eastern oil. We need to not be the world's largest consumer.
I see news like this all the time here in Michigan. The manufacturing industry (auto/parts) is suffering, but their decline was perdicted years ago when NAFTA got passed, and every company took advantage of it (it was supposed to make it easier to TRADE with Mexico, not have American Companies BUILD thier products there and ship them back here).
Governor Announces Over 7,000 New Jobs Created, 14,585 Jobs Retained
Companies investing more than $1 billion to grow in state
Living in Michigan as I do, unemployment is an issue of particular interest to me. Michigan has the highest unemployment rate in the nation by more than two full percentage points, currently 8.9% MI vs. 6.1% nationally. I have researched both candidates positions on this issue and was very surprised to find that one of the principle strategies for creating new jobs in the Obama plan is modeled after the Michigan 21st Century Jobs Fund.
Invest in our Next Generation Innovators and Job Creators: Obama and Biden will create an Advanced Manufacturing Fund to identify and invest in the most compelling advanced manufacturing strategies. The Fund will have a peer-review selection and award process based on the Michigan 21st Century Jobs Fund, a state-level initiative that has awarded over $125 million to Michigan businesses with the most innovative proposals to create new products and new jobs in the state.
LANSING - Governor Jennifer M. Granholm today announced that 61 awardees have been selected by the Michigan Strategic Economic Investment and Commercialization (SEIC) Board to share more than $100 million from the first round of the 21st Century Jobs Fund initiative to create jobs in Michigan's emerging technologies. The initiative is part of the Governor's comprehensive Jobs Today, Jobs Tomorrow economic plan to grow Michigan's economy.
"Today, we are creating the 21st century jobs of tomorrow," Granholm said. "These awards recognize some of the most promising and innovative job creating ideas Michigan has to offer."
Can you bump the McCain is on the move thread back up so we can update it . You had some great thoughts and I thought the readers should be able to compare and contrast. Obama takes 10-point lead on McCain | U.S. | Reuters
WASHINGTON (Reuters) - Democrat Barack Obama has expanded his national lead over Republican John McCain in the presidential race to 10 points, according to a Reuters/C-SPAN/Zogby poll released on Wednesday.
It has been two years since Gov. Granholm made that statement and Michigan's unemployment rate continues to accelerate far beyond the rest of the nation.
Is Michigan the model for an Obama administration's job creation effort?
Can you bump the McCain is on the move thread back up so we can update it . You had some great thoughts and I thought the readers should be able to compare and contrast. Obama takes 10-point lead on McCain | U.S. | Reuters
WASHINGTON (Reuters) - Democrat Barack Obama has expanded his national lead over Republican John McCain in the presidential race to 10 points, according to a Reuters/C-SPAN/Zogby poll released on Wednesday.
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