Credit card industry may cut $2 trillion of lines

[Mi Bankruptcy]

I am curious to hear why you think South Dakota is insulated from the rest of the country as well as the rest of the global economy? I am not trying to start a fight I am just curious why you think SD will not eventually be affected?

[shabam]

I am curious to hear why you think South Dakota is insulated from the rest of the country as well as the rest of the global economy? I am not trying to start a fight I am just curious why you think SD will not eventually be affected?

Not insulated as such but they have an extremely low unemployment rate. My whole point was that to someone in Michigan who lost their job the current economic crisis might seem to be the coming of a depression. Whereas to those living elsewhere in America and work in industries that are doing well, this is simply a normal correction.

[Mi Bankruptcy]

I live in Michigan, The unemployment rate is around 9%. The issue here is the down sizing of manufacturing. However, Michigan's governor has been helping reestablish other job sectors. I can see how unemployment may be low in your state. However, when costs are rising everywhere you will be experience this. When the CEO of Wal-Mart was on meet the press he made a statement. People are "hording" They are buying in large quantities and having left overs. When the CEO admits this and China starting to suffer and close plants. I would think every state should be worried. Just my 2 cents.

[shabam]

I live in Michigan, The unemployment rate is around 9%. The issue here is the down sizing of manufacturing. However, Michigan's governor has been helping reestablish other job sectors. I can see how unemployment may be low in your state. However, when costs are rising everywhere you will be experience this. When the CEO of Wal-Mart was on meet the press he made a statement. People are "hording" They are buying in large quantities and having left overs. When the CEO admits this and China starting to suffer and close plants. I would think every state should be worried. Just my 2 cents.

I totally understand what you are saying. The best bet a lot of people have is to move to states which have relatively low unemployment and thriving industries.

[Mi Bankruptcy]

I saw it coming, that's why I stayed away from the automotive industry. Just think. I was 14-15 years old when I recognized a problem existed. This is why I have wondered why the State of Michigan never tried to diversify the economy with tax relief. They always catered to the automotive sector and now our state is paying for it. Of course, I was raised when Japanese was beating us in the area of quality and am sensitive about it( dad working for GM).

[Bandit]

I totally understand what you are saying. The best bet a lot of people have is to move to states which have relatively low unemployment and thriving industries.

no it isn't the best bet. those states you speak of are low wage states. move across the country with low unemployment to get low wages isn't my idea of the best bet.

[Mi Bankruptcy]

no it isn't the best bet. those states you speak of are low wage states. move across the country with low unemployment to get low wages isn't my idea of the best bet.

Good point Bandit, when eggs, milk and other products seem to continue to rise you definitely should be nervous. Example, I used to buy these frozen burritos for 1.99 for my lunch. They are now are almost $3.00 over the past 1.5 years. That and they reduced the number of burritos in a package.

My wife and I have noticed this in several products. They are raising the price while reducing the quantity they provide. Heck, even the Mc'Ds dollar menu went up to a $1.19. This just happened in the past couple of weeks.

[shabam]

no it isn't the best bet. those states you speak of are low wage states. move across the country with low unemployment to get low wages isn't my idea of the best bet.

To the contrary:

http://en.wikipedia.org/wiki/Highest-income_counties_in_the_United_States

Michigan put all of their eggs into one basket and failed. The consumers have spoken and now demand foreign designed and built cars. Consequently Michigan has paid the price.

[Bandit]

I saw it coming, that's why I stayed away from the automotive industry. Just think. I was 14-15 years old when I recognized a problem existed. This is why I have wondered why the State of Michigan never tried to diversify the economy with tax relief. They always catered to the automotive sector and now our state is paying for it. Of course, I was raised when Japanese was beating us in the area of quality and am sensitive about it( dad working for GM).

Or diversify with different types of factories.
I suppose they thought that the auto was the best and at those times lets be honest, it was.

Japan has not given much in the way of minimum wage raises in 40 years so they could compete easily with wage.

Those early japanese autos were not all that great. they were tin cans with plastic parts breaking, & engines that like to overheat, not to mention the impossible to reach places if you wanted to repair it yourself. We gave up old quality rides for cheap plastic junk.

Here we are paying for the cheaper route in a throw away society.

I still love Michigan. It is a beautiful state.

[Bandit]

To the contrary:

http://en.wikipedia.org/wiki/Highest-income_counties_in_the_United_States

Michigan put all of their eggs into one basket and failed. The consumers have spoken and now demand foreign designed and built cars. Consequently Michigan has paid the price.

that has nothing to do with you telling people their best bet is to leave Michigan and move to a cheap labor state for employment.

[shabam]

I still love Michigan. It is a beautiful state.

http://www.youtube.com/watch?v=snsyzaojS78&

http://www.youtube.com/watch?v=T6WKMNmFsxM

http://www.youtube.com/watch?v=T6WKMNmFsxM

wow.

[Mi Bankruptcy]

THANKS FOR THE TEASE SHABAM.. I am behind a firewall that blocks youtube. LOL.. I will have to check it out later

[shabam]

that has nothing to do with you telling people their best bet is to leave Michigan and move to a cheap labor state for employment.

While you are striking about wages the entire city will end up like the following location in Detroit. The shear number of such photos of Detroit is amazing.



The old way of doing business is gone. If the workers and unions do not wake up, every unionized industry in the country involved in manufacturing will end up like the above.

[Bandit]

http://www.youtube.com/watch?v=snsyzaojS78&

http://www.youtube.com/watch?v=T6WKMNmFsxM

http://www.youtube.com/watch?v=T6WKMNmFsxM

wow.

I am not going to watch more insults you have for people in the north.

you really should get over the hate you display toward the north. I can post the same kinds of pics & vids from places like Birmingham, New Orleans, MIss. & southern georgia. It aint cracked up to be what you paint.

and if you really want to get into the most dangerous cities, all one has to do is look into the FBI & find out real quick that the states in the south have a much higher crime rate than the north.

[Bandit]

While you are striking about wages the entire city will end up like the following location in Detroit. The shear number of such photos of Detroit is amazing.



The old way of doing business is gone. If the workers and unions do not wake up, every unionized industry in the country involved in manufacturing will end up like the above.

That is exactly why we have so many problems. The old honest ways are gone while you keep trying to blame it all on unions & northern states.
man you have issues.