[xlabel]

A new casino that's slated to be built in Wayland sometime in the near future took in 15,000 applications for 1500 jobs within a week. That says it all right there for me, it's time to get out.

[mike231]

In my opinion it will be much worse in the Spring.
Look at all the commercial space for lease, see all the homes for sale....I often ask myself how many are selling because they need to, not because they want to ?
Wages are poor, too many tourist related jobs that mostly provide work during the summer.
For some of us the Michigan economy is like a leech that slowly drains you of your life savings, until your choices become limited...then what do you do when your back is against the wall. Do you become one of the many who just pack up and walk away or do you run ?
Maybe things will pick up in 2011 or 2012 - can you hang in there that long ? In the end Michigan will be leaner - less populated, so what doesn't kill you makes you stronger.
Interesting theory.....meanwhile enjoy the sunshine

[magellan]

Originally Posted by krock1dk

I heard the news today. My prediction is that they will likely relocate to California, where they can compete with the Japanese; Texas, cuz things are doing better there; New York City; Wilmington, DE, where their creditor is; or the Washington DC area, where the GOV can run them.

Mark my words if/when GM moves out of Michigan, the state will totally implode if you think things are bad now. The thousands of employees at GM in MI will lose their jobs, worse than now. They will either lose their homes or be forced to sell them. Housing values will plummet. The remaining Big 2 may even think of leaving. Land values will fall. And people in Michigan will really leave by the droves, worse than now. Trust me, GM leaving will devastate the state. But GM will do whatever it must to survive, including leaving the Wolverine State.

Part of Obama's automotive plan includes the impact it has on communities. Remember, he's a socialist. I think they would strongly, STRONGLY suggest to GM that they stay in Michigan. Maybe not Detroit, but Michigan.

Plus, it would be political suicide for GM to start construction on a sparkling new HQ building somewhere, so they would need to find existing vacant office space (a lot of it). Although I hear the Sears Tower in Chicago has a lot of space available. Obama bringing GM to his home city would carry a lot of political currency for his administration.

But would the symbolic move of GM moving to another city really do any good for their brand? And would it be worth the crushing blow to the Detroit area? Plus, what would they do with the Ren Cen that they now OWN?

[nordwulf]

If GM's headquarters is going to move anywhere, it'll move to the Tech Center in Warren, MI. They will never leave Michigan or the Detroit area.

[michigan83]

That would be true but there are some very large states, like California, Florida, North Carolina....whose unemployment rate is not too far from that of Michigans. If all these people move to Texas, and Texas has net job loss, pretty soon the probability of finding a job in Texas will be a grim as finding a job in Michigan.

There is not going be an UP cycle for a VERY long time. National Unemployment will stabalize at around 9%, after rising to around 10%, when all the stimulus spending kicks in. When the stimulus impact gets into full swing, expect crazy high inflation, then high interest rates to attempt to control it....which will kick in the next round of inflationary decline that will be worse than the deflationary decline. Expect unemployment to reach at least 15% by 2012 nationally. Unless something happens in the world that is a game changer.

Unfortunately, I think that's one of the most accurate predictions I've seen about where we are headed as a nation.

Of the few that actually managed to predict the current economic downturn (Peter Schiff, for example), most of them have predictions similar to yours in regards to our future. For the most part, the "experts" that predict long-term success for the stimulus package did not predict the downturn. Doesn't give me a lot of confidence. Since I am no where NEAR an expert on this stuff... I'm going to take the word of the folks who actually seemed to have a clue going into this thing.

[Coldjensens]

Originally Posted by michigan83

Unfortunately, I think that's one of the most accurate predictions I've seen about where we are headed as a nation.

Of the few that actually managed to predict the current economic downturn (Peter Schiff, for example), most of them have predictions similar to yours in regards to our future. For the most part, the "experts" that predict long-term success for the stimulus package did not predict the downturn. Doesn't give me a lot of confidence. Since I am no where NEAR an expert on this stuff... I'm going to take the word of the folks who actually seemed to have a clue going into this thing.

Are they coming out with a stimulus package?

I thought that they had already opted for a pet pork project package in place of stimulus. Is there going to be another package?

[XGander]

That sounds great if you are employed. However, if you have children or family that you would like to keep in your area in the future, you may want to reconsider.

[XGander]

Originally Posted by Driller1

In my area we do not want jobs. As soon as a plant is going to be built, we protest.

That sounds great if you are employed. However, if you have children or family that you would like to keep in your area in the future, you may want to reconsider.

[Bydand]

Originally Posted by Driller1

In my area we do not want jobs. As soon as a plant is going to be built, we protest.

Originally Posted by XGander

That sounds great if you are employed. However, if you have children or family that you would like to keep in your area in the future, you may want to reconsider.

That was sarcasm on Drillers part in case you missed it.

[XGander]

Originally Posted by Bydand

That was sarcasm on Drillers part in case you missed it.

You're right, I missed the point, thanks for enlightening me.

I lived in Charlevoix a few years back after I retired from the military. A desperately needed industry was trying to move there that would have provided around 400 jobs. But, some of the already employed locals protested the expansion and the industry never opened.
Now, the only industry in the area is gambling, and that industry is taking a big hit now also.