Hey Georgia......welcome to REALITY (Atlanta, Decatur: 2009, loans, job market)

[Indentured Servant]

Hey…..are people still moving down there by the thousands daily? I recently read that unemployment in Georgia is about 7.5 percent and in North Carolina it’s about 8.0. I am originally from Michigan, which has an unemployment rate of about 9.3 percent. I read in the AJC that Georgia has or will have a net loss of about 170,000 jobs, by the end of this year. I am not sure if that if for the whole year, but I think so. My question is if the state has lost 170,000 jobs and gained 100,000 people, in a year……such cannot be a good thing. If people keep moving down there and the state keeps losing jobs, as it predicted through 2009 as well, unemployment there will be very high.

I think Georgia economy is in for some rough times, given that POPULATION GROWTH has been one of the main strengths of the economy. The population growth allowed for excessive speculation and development. For example, if the population is growing by 100,000 per year, development in housing, retail and services can be speculated upon and created NOW, and let the actual demand catch up to supply in the near future. However, now, companies cannot get loans from banks for such speculative investment and the potential downward impact spiral can hit the Georgia economy really hard. Eventually people will stop coming down their if they cannot find work and much of the speculative investment will subdue even more, which in turn will make things worse.

I hate to say it…..but in a twisted way I am glad to see others places besides Michigan sharing the burden.

[LovinDecatur]

Originally Posted by Indentured Servant

Hey…..are people still moving down there by the thousands daily? I recently read that unemployment in Georgia is about 7.5 percent and in North Carolina it’s about 8.0. I am originally from Michigan, which has an unemployment rate of about 9.3 percent. I read in the AJC that Georgia has or will have a net loss of about 170,000 jobs, by the end of this year. I am not sure if that if for the whole year, but I think so. My question is if the state has lost 170,000 jobs and gained 100,000 people, in a year……such cannot be a good thing. If people keep moving down there and the state keeps losing jobs, as it predicted through 2009 as well, unemployment there will be very high.

I think Georgia economy is in for some rough times, given that POPULATION GROWTH has been one of the main strengths of the economy. The population growth allowed for excessive speculation and development. For example, if the population is growing by 100,000 per year, development in housing, retail and services can be speculated upon and created NOW, and let the actual demand catch up to supply in the near future. However, now, companies cannot get loans from banks for such speculative investment and the potential downward impact spiral can hit the Georgia economy really hard. Eventually people will stop coming down their if they cannot find work and much of the speculative investment will subdue even more, which in turn will make things worse.

I hate to say it…..but in a twisted way I am glad to see others places besides Michigan sharing the burden.

Are you actually gloating over the economic situation in GA? Yeah, that is pretty twisted.
I think the situation in Michigan is very unfortunate. It's a beautiful state and I hope that better times are in store for it.

[Indentured Servant]

Originally Posted by LovinDecatur

Are you actually gloating over the economic situation in GA? Yeah, that is pretty twisted.
I think the situation in Michigan is very unfortunate. It's a beautiful state and I hope that better times are in store for it.

Yes and No. Go to the Michigan forum and all you hear people talk about is how BAD Michigan is and how they cannot wait to leave. They were saying that it was a one state recession, over a year ago. I interjected by telling them that Michigan was simply a leading indicator of what was coming for the nation as a whole.

I don’t like seeing people have to move away from places that they grew up in or love…..just because they cannot find work. Family gets disjointed….and what not. I guess that is the way it has always been as Michigan was once a boom state too. Hopefully people will stop dumping on Michigan now that they see THE NATION is in bad times as well.

[JeffMurdoch]

Take into account that many people come here to retire. The weather draws many northerners this way as Florida is getting expensive. However, the job market here is bad. I worked at a Chevrolet dealer that went bankrupt.

[matt8325]

Originally Posted by JeffMurdoch

Take into account that many people come here to retire. The weather draws many northerners this way as Florida is getting expensive. However, the job market here is bad. I worked at a Chevrolet dealer that went bankrupt.

I don't know why northerners are drawn to Atlanta for the weather. If they want warm weather year round, Atlanta is not the place to be.

[JeffMurdoch]

Atlanta gets cold but it's a very tolerable cold that's still good for the elderly.

[cdw1084]

Originally Posted by Indentured Servant

Hey…..are people still moving down there by the thousands daily? I recently read that unemployment in Georgia is about 7.5 percent and in North Carolina it’s about 8.0. I am originally from Michigan, which has an unemployment rate of about 9.3 percent. I read in the AJC that Georgia has or will have a net loss of about 170,000 jobs, by the end of this year. I am not sure if that if for the whole year, but I think so. My question is if the state has lost 170,000 jobs and gained 100,000 people, in a year……such cannot be a good thing. If people keep moving down there and the state keeps losing jobs, as it predicted through 2009 as well, unemployment there will be very high.

I think Georgia economy is in for some rough times, given that POPULATION GROWTH has been one of the main strengths of the economy. The population growth allowed for excessive speculation and development. For example, if the population is growing by 100,000 per year, development in housing, retail and services can be speculated upon and created NOW, and let the actual demand catch up to supply in the near future. However, now, companies cannot get loans from banks for such speculative investment and the potential downward impact spiral can hit the Georgia economy really hard. Eventually people will stop coming down their if they cannot find work and much of the speculative investment will subdue even more, which in turn will make things worse.

I hate to say it…..but in a twisted way I am glad to see others places besides Michigan sharing the burden.

I just got finish looking at the census and it's obvious that the estimate for Georgia is 9.5 million people and 9 million for NC. I see that is a little over 10 million for Michigan, which explains that you want to see these two states fall economically because they're about to pass Michigan on the next census most likely. Like it or not, the country in a whole is going through tough times, we can't deny that. But how could you want another state to share pain because your state is suffering?

Just to put things into perspective, Detriot is noted as the "worst city in America", Flint, Saginaw, and oh yea Detriot are all on the most dangerous cities in America. The bigger issue with Michigan shouldn't be focused on Georgia and North Carolina, because there were states higher than those two on the unemployment list. Michigan needs to focus on getting something there to keep its folks because all of them are moving to Georgia and North Carolina. Sorry man!!!

[Indentured Servant]

I have not lived in Michigan for over 10 years now. I left because of the economy. I definitely would rather live in Michigan than Minnasnowta. Therefore, whether Georgia or North Carolina passes Michigan in population is irrelevant to me.

There is an economic “race to the bottom” going on. Companies desired to move south because the South is “right-to-work” states. What that generally means is that companies in the South have the right to pay people less money. Thus, there has been a shift from Northern Industrial areas to the South. However, there is a global production shift from the US to places like China, Mexico, India and the like, for the same reason. The South just became a short term pit stop in the quest of capital to find the path of least resistance to profit margins.....via cheaper wages, less taxes and less regulation. Capital left the north and moved south now its leaving the country all together because there is cheaper labor, less taxes and less regulation in China, India and Mexico than in the Southern US. Hey....maybe the south might bring back slavery to help them compete again....in this race to the bottom.

Yes, I like to see the fact that burdens are shared equitably among the states. My preference is that all states have viable economies and people can choose to live there if they want…..or move to another place. When people are forced to move, because of jobs, it’s hard on families and networks. I know…..I made the move over a decade ago.

I guess for me, having been forewarning people of an impending economic collapse in the USA, as much as 4 years ago, and people dismissing the problems of Michigan as just….”Michigan’s Problem”, the fact that boom states like Georgia and North Carolina are now experiencing rapid job loses demonstrates that Michigan’s problems were simply a symptom of the nations economic ill health.

After the recession of the early 1980’s, the most optimistic population projections for the state of Michigan, in 2000, had the state at about 8 million people, which was less than its current population at that time. The state has actually outperformed expectations. Michigan’s economy represented the true strength of this nation as a manufacturing power. Nations without a strong export driven manufacturing sector cannot compete globally in regards to standards of living. Hence, Michigan’s decline represents the decline of America….and people in places like Georgia and North Carolina, South Carolina, Florida…..are starting to realize this truth.


You can run….but you cannot hide.

[cool_mommy]

Originally Posted by matt8325

I don't know why northerners are drawn to Atlanta for the weather. If they want warm weather year round, Atlanta is not the place to be.

Actually Atlanta does have warm weather year round if you are from the north. I am from New England and this weather is just unbelievable! It's about 30 degrees today back where I came from and they are buried in almost 2 feet of snow! Man I love Georgia!

[Tdiddy0027]

the difference between Michigan and Georgia/Atlanta is that while Atlanta's economy and growth rate have been temporarily stunted due to the recession, Michigan's economy has been in a downward spiral for decades.