With car companies on the brink, Michigan may be the next bailout

Michigan is going to be the new Mississippi or Arkansas. Michigan will be the state where people come to see the Great Lakes and hundreds of closed factories. The eye sore of grungy closed factories will contrast to the beauty of the Great Lakes shores. Nothing is permanent, not even the universe. Michigan has to get used to the drastic reduction of revenue. It used to be that Michigan was the destination of the poor in the South looking for work. It is the converse now. Michigan will adapt, but will not be a state with a lot of revenue from the auto workers. High tech work is the domain of the Asians now. So Michigan will be a place for solitude.

thats what happens when you support a foriegn countries economy and not our's.buy american, wake up america!

it will soon be that way for other states if people don't start supporting the american economy and buy american owned and made!

CHAPTER 11 IS NOW, OR CHAPTER 7 (DESOLUTION) WILL IN THE FUTURE BE THE ONLY RESULT; LET THE JUDGE SUBROGATE THOSE PROBLAMATIC CONTRACTS; AND UNFUNDED RETIREE HEALTH & PENSIONS. TIME TO SUCK IT UP. BETTER THAN 60% OF US ARE TIRED OF THE WELFARE GRABBERS OF NM, LA, MS & AK, AND NOW MI. A HAND UP, NOT A HAND OUT! CHANGE YOUR WAYS..., THE REST OF US ARE WEARY OF YOUR SELF MADE PFLIGHT.
AJA

Michigan is by far not the only State that will have budgetary problems. The financial problems extend into all areas of government and the private sectors as well.
Will Congress take care of the big 3? Who knows? Franklin called them the august body and I call them the buffoon body. They failed us all by allowing the financial system to go un-regulated, even though they have two committees in both the House and Senate that could have stopped the mortgage nonsense,or at the very least, sounded an alarm. Thereafter, at the Treasury and Federal Reserve's request, they approved a bail out bill for the financials. This was not a "loan", but an outright financial "gift". AIG certainly saw it as such and the executive end immediately had a celebration "party". (They called it a meeting). Now, the automakers ask for a LOAN and guarantees as such. How does Congress respond - with a big NO of course. This only confirms my belief that our representatives are on the payroll of Wall St. and don't give a damn about the middle class. If you are not rich or poor - you are screwed. Our collective group of elected morons does not care if they put millions out of work and cause a depression, they only care about themselves.
Worse, we re-elected most of the worst offenders.
Shame on the U.S. public for not paying attention.

Aja.......you're a narrow-minded asshole!