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ICYMI: America Can’t Afford Obama-Granholm Economy

- September 7, 2012

Michigan’s Economy Floundered Under Granholm’s Administration:

During Granholm’s Governorship Of Michigan, The State Lost 560,000 Jobs. (Bureau of Labor Statistics, Accessed 9/2/12)

  • During Granholm’s Governorship Of Michigan, The State Unemployment Rate Increased From 6.6 To 11.2 Percent. (Bureau of Labor Statistics, Accessed 9/2/12)
  • During Granholm’s Governorship Of Michigan, 346,721 Workers Dropped Out Of The Labor Force. (Bureau of Labor Statistics, Accessed 9/2/12)
  • During Granholm’s Administration Michigan’s Per Capita Income Slipped From 23rd In 2003  To 37th  In 2009, Among The States. (“State Personal Annual Income: SA04 – Per Capita Personal Income,” Bureau Of Economic Analysis, Accessed 3/14/11)

The Detroit News, 2006: “Michigan's Per-Capita Personal Income Has Lagged The National Average And As A Share Of The National Average Is The Lowest It Has Been In Four Years.” (Editorial, “Granholm Veto Leaves Destructive Tax In Place,” The Detroit News, 4/2/06)

The Michigan Economy Under Obama:

Michigan Has 421,255 Unemployed Seeking Work. (Bureau of Labor Statistics, Accessed 9/1/12)

Since 2008, Michigan’s Median Income Has Fallen $3,178. (U.S. Census Website, Accessed 9/1/12)

Between 2008 To 2010, 207,981 More People In Michigan Fell Into Poverty. (“Poverty: 2007 And 2008,” U.S. Census Bureau, 10/11; “Poverty: 2009 And 2010,” U.S. Census Bureau, 10/11)

Since Obama Took Office, The Number Of People In Michigan Receiving Food Stamps Has Increased By 33 Percent. (“Supplemental Nutritional Assistance Program: Number Of Persons Participating ,” Food Research And Action Center, Accessed 8/10/12; “Supplemental Nutritional Assistance Program: Number Of Persons Participating,” USDA Food And Nutrition Service, Accessed 9/1/12)

Obama’s Proposed Tax Hikes Will Hurt Michigan’s Economy:

Obama’s Plan To Raise Taxes Would Cost Michigan 21,300 Jobs. (Drs. Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP, 7/12)

  • Obama’s Plan To Raise Taxes Would Cost Michigan $5.2 Billion In Lost Economic Output. (Drs. Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP, 7/12)

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