Thank You Republicans

Let's examine the local economics.

Technically according to this I have seen a pay increase over the last 25 or so years of $246 dollars per year earning potential, doesn't even come close to the cost of living increase, hell that won't even cover my current gasoline intake for one month.

Source - Michigan jobless rates from 2000 to 2007 according to http://www.milmi.org and http://www.michigan.gov , Michigan Labor Market Information Site.

2000 - 190,000 Population - 9,955,417
2007 - 360,000 Population - 10,071,822

1.3% Population Growth from 2000-2007
Estimated 90% unemployment increase 2000-2007

Migration from Michigan 2000-2007, estimated at 75,000

More good news for the rich:

Source - http://www.cbpp.org/states/4-9-08sfp-fact-mi.pdf

Michigan's Richest Families vs. Poorest Families

* The richest 20 percent of families have average incomes 7.0 times as large as the poorest 20 percent of families.

* This ratio was 6.0 in the late 1980s.

* This growth in income inequality is the 31st largest in the nation.

* The very richest families -- top 5% -- have average incomes 11.5 times as large as the poorest 20 percent of families.

Michigan's Richest Families vs. Families in the Middle

* The richest 20 percent of families have average incomes 2.4 times as large as the middle 20 percent of families.

* This ratio was 2.1 in the late 1980s.

* This growth in income inequality is the 28th largest in the nation.

Gains for Rich Families Outpaced Gains for Poor Families

Between the late 1980s and the mid-2000s:

* The average income of the poorest fifth of families increased by $1,465, from $16,469 to $17,934. This is an increase of $86 per year.

* The average income of the middle fifth of families increased by $4,186, from $47,573 to $51,758. This is an increase of $246 per year.

* The average income of the richest 5% of families increased by $66,799, from $139,094 to $205,893. This is an increase of $3,929 per year.

* The average income of the richest fifth of families increased by $26,689, from $99,576 to $126,264. This is an increase of $1,570 per year.


Thank You Republican Party for 8 years of victorious leadership and trickle down economics.


Welcome to Detroit