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Posted on Wed, Nov 2, 2011 : 4:51 p.m.

Snyder cites report that Michigan's economic health ranks 2nd in U.S.

By Paula Gardner

Gov. Rick Snyder cited a new report that said Michigan's economic health puts it at No. 2 in a U.S. ranking, according to a report on

Rick Snyder at rally.jpg

Ryan Stanton |

The report comes from Bloomberg, which says that the Michigan economy is rebounding faster than 48 states - and it credits the auto industry and local manufacturing.

The Bloomberg report says only North Dakota - which is experiencing an oil boom - is recovering at a faster pace.

According to the MLive report: Snyder announced Wednesday that the Bloomberg report shows that “'Michigan’s strategy for regaining its economic vigor is on track.'”


Macabre Sunset

Thu, Nov 3, 2011 : 6:03 p.m.

The headline and lede are misleading. The story indicates that Michigan is recovering faster than 48 states. But for the health itself to be in the top five, the recovery would have had to begin at the same place as every other state. That was not the case.

Bobble Disk

Thu, Nov 3, 2011 : 5:59 p.m.

Government certainly can "stall" even destroy an economy. There is a lot of evidence of that very fact. Communist governments not only destroy economies, they keep (kept) them stagnant. The USSR collapsed because of economic policies. China was kept out of the 20th century by Chairman Mao's insane economic policies. Socialists also have a track record for destroying economies. The Labor Party - United Mine Worker socialist alliance in Great Britain destroyed the world economic and military Super Power that was GB, turning it into a 2nd rate power by the 1930s. Present day China is the only exception. It is the only example of a communist country becoming a major economy. This happened only after the dictators shifted to government supervised capitalism. There are many very wealthy Chinese today but most Chinese work and live in horrid conditions and most are very poor. Many young children must work. As in all Communist and socialist countries, party members & their families live relatively well but they are only 1% of the population. China will not continue as is. In order for its state capitalism to work, China must violate World Trade regulations. They must manipulate the Currency, keep interest artificially low, be intolerate of worker wishes, welfare, and rights and they must play bully politics on the world stage, which dictates that China spend a lot of money on military buildup and weapons development. Two growing problems will force change. Coalition of nations harmed by Chinese trade practices and piracy and working classes riots (maybe even revolution). Of course, Chinese dictators could choose instead to plunge the world into war.


Thu, Nov 3, 2011 : 1:37 p.m.

LoL. Slick Rick taking credit for President Obama, Senators Stabenow and Levin, and Democrats saving the auto industry despite fierce tea drinking republican opposition is unbelievable. He wasn't even in office. Unemployment has risen nearly every month of his administration, despite huge reductions in business taxes at the cost of increased personal income taxes, decreased education support, decreased safety net programs in the midst of the worst recession in decades, decreased municipality support, etc. But he did lower the alcohol tax, that will help people forget the mess he's making of this state.

Michael Orta

Thu, Nov 3, 2011 : 5:30 a.m.

Does anyone else find it humorous that folks are complaining about Snyder getting credit for this? I apology but I failed to see any statement which indicated any specific individual was to receive credit for this positive forward moving change... I did see the auto and local manufacturing getting credit for the improved outcome.

Michael Orta

Thu, Nov 3, 2011 : 4:28 p.m.

I think it is relevant information without any person taking credit. Positive news such as this encourages folks to stay in Michigan, to feel a sense of peace of mind knowing we are on pace for a come back, etc. I personally don't think Snyder cares if he is reflected or not. He is a business who essentially is hired to do a job and he just wants to get it done. Personally I see little wrong with his direction.


Thu, Nov 3, 2011 : 9:47 a.m.

If you don't think that rick from ohio is bringing this up in order to associate his name and work with it, you would be horribly naive....

J Shaker

Thu, Nov 3, 2011 : 2:02 a.m.

This is economic health?


Thu, Nov 3, 2011 : 12:28 a.m.

Think about this.... is using another media source to quote one sentence from the governor just to stir the pot. This is not news reporting. knows this will play each side against one another...what a joke.


Thu, Nov 3, 2011 : 2:29 a.m. is seeing the white light. Their business model will change... and the $40/story to recent journalism grads business model will not survive.

Charlie Brown's Ghost

Thu, Nov 3, 2011 : 2:26 a.m.

You come to looking for news reporting?


Thu, Nov 3, 2011 : 1:08 a.m.

And the usual suspects come out to play, lol.


Thu, Nov 3, 2011 : 12:22 a.m.

It seems just yesterday that Slick was blaming an increase in Michigan's unemployment rate on a downturn in the national economy. I guess by blaming the previous administration for any economic deterioration and taking personal credit for all economic improvement, W got away with this same strategy for 8 years, why not Slick?


Thu, Nov 3, 2011 : 3:54 p.m.

US Republic, What is your point?


Thu, Nov 3, 2011 : 2:25 a.m.

A Masters in Finance would have come to the same conclusion... No doubt!

Bob Martel

Thu, Nov 3, 2011 : 12:10 a.m.

I'd like to point out that the Snyder tax reforms (or huge business tax cuts @ the expense of the middle class and less advantaged, depending on your perspective) will take effect in 59 days from today. So, how much could they have contributed to the "turn-around" already??? Hmmm?

David Briegel

Thu, Nov 3, 2011 : 12:15 a.m.

Maybe we didn't need such a drastic change after all!


Wed, Nov 2, 2011 : 11:10 p.m.

Personally, my family and our associates seem to have missed that rebound.

Angry Redneck

Wed, Nov 2, 2011 : 11:38 p.m.

It might be time to think about getting out of the typewriter business...

hut hut

Wed, Nov 2, 2011 : 10:21 p.m.

Unemployment percentages will go down as more people leave Michigan.


Wed, Nov 2, 2011 : 10:04 p.m.

Maybe I'm missing something but it looks like it's the second fastest in rebounding, but considering that we were pretty low in the economic health overall doesn't that just bump us up a few places? We are not actually the 2nd best "economically healthy" state, just recovering a little faster.

Lou Perry

Wed, Nov 2, 2011 : 9:46 p.m.

Remember folks, Gov. Snyder has had nothing to do with the economic turnaround of our state. The positive result is all due to Gov. Granholm and Pres. Obama along with V.P. Biden. The business tax strategy Mr. Snyder has put in place in other states including Ohio and it has been tremendous failure. Ohio as an example went back to the original structure. So far I haven't heard of any large expansions or new large businesses under Gov. Snyder's leadership. Tax is not the most important reason businesses move. More important is the quality of life for the employees. Outside of Ann Arbor there are small pickens. Mr. Finney's success at our SPARK doesn't work for Michigan as a whole. Moreover, having U of M pick up the real estate opportunities (off the tax roles).


Wed, Nov 2, 2011 : 11 p.m.

I think that he meant that the business tax that slick took from the republicon playbook, was also used in Ohio, where it did not work either. It is after all, just throwing tax payer money at rich people and promising that it will trickle down.

Basic Bob

Wed, Nov 2, 2011 : 9:52 p.m.

Snyder was in Ohio??? Where do you get your information?

Basic Bob

Wed, Nov 2, 2011 : 9:45 p.m.

Some people will never consider that the economy could recover on its own without help from the government. No governor has so much power to stall the economy, or resurrect it. They might give it a gentle nudge. As the economy improves, profitability and employment will pick back up, then tax revenue will increase. Even then we need to watch our state and local government carefully for the telltale signs of corruption and excess. Politicians being what they are.

Charlie Brown's Ghost

Thu, Nov 3, 2011 : 2:24 a.m.

I half agree with you. The government can not do much to help the economy, but they (Governor, President, Legislature) can very easily kill an economy, and do it very quickly. Exhibit: Barack Owebama.

Marshall Applewhite

Wed, Nov 2, 2011 : 9:48 p.m.

I agree with you generally, but considering that the state's credit/bond ratings have risen considerably due to measures Snyder put in place, the government did have a large impact on this.


Wed, Nov 2, 2011 : 9:34 p.m.

The only strategy that Snyder has is this: destroy the poor and help the rich! Your time is coming Snyder... the people of this state won't take this kind of treatment for long. Keep your bags packed buddy...

Marshall Applewhite

Wed, Nov 2, 2011 : 9:32 p.m.

Gov. Snyder is a breath of fresh air. I still look back to the Granholm days and think, "What the heck were Michigan residents thinking?!?"


Wed, Nov 2, 2011 : 11:37 p.m.

We could have been ruled by the Amway King! Why bother going to the store for toilet paper when you could be selling it to your friends instead.


Wed, Nov 2, 2011 : 10:58 p.m.

They were actually thinking when they elected Governor Granholm. I'm afraid they stopped doing so when they elected slick .


Wed, Nov 2, 2011 : 9:27 p.m.

Thank you Governor Granholm for implementing this rebound!

David Briegel

Wed, Nov 2, 2011 : 9:14 p.m.

That evil socialist Obama saved the auto industry and Rick takes the credit! But when confronted with the unemployment numbers we are told his policies haven't taken effect yet. I guess the Sickster gets to have it both ways! will cheer for him.

Michael Orta

Thu, Nov 3, 2011 : 5:40 a.m.

Wait... Bush is to blame for our economy and deficit but Obama saved the auto industry? So did Obama spend the money or did Bush? It cant just go in the direction you want it to because you favor a particular president. Further bush actually agreed to bail out the auto industry with an emergency 17.4 billion to be administered by the following administration. So what exactly did Obama save?


Thu, Nov 3, 2011 : 1:59 a.m.

Briegs... I'm sure AAHS didn't offer a statistics class but a deeper level of analytic analysis is warranted... Even a left over 60's hippie could agree with this on the downside of a hallucinogenic treat?


Thu, Nov 3, 2011 : 12:21 a.m.

Obama is the greatest! Hope and change!!! Let's change the constitution so he can be president forever...he has done so much for this country! What a great leader he is, look at all the programs he has successfully implemented to male America better! Obama is the greatest!!! Lol