With Rising Gas Prices And New Data On Michigan’s Recession It Is Clear That Democrats Can Not Be Trusted To Fix The Economy
“The reality is that Michiganders are in a worse position financially today than they were four years ago,” said Gustavo Portela, MIGOP Deputy Chief of Staff & Communications Director. “The only thing that has changed is that there is a Democrat Governor and a Democrat President, both of whom have led our state and country in the wrong direction and have caused prices for everything to rise. Fortunately, we can change course by electing Tudor Dixon and Republicans up and down the ballot.”
MICHIGAN’S ECONOMY TOOK A NEW DOWNWARD TURN
- …and it keeps rolling in……
- Yesterday, Crain’s Detroit Business reported that Michigan now leads the U.S. in small business closings.
- 28 percent of small businesses surveyed by Facebook in Michigan were closed – the highest in the nation.
- Small Business Association of Michigan President Brian Calley blamed inflation as the biggest contributor as well as “a workforce that still lags behind pre-pandemic numbers.”
- Last Friday, the U.S. Commerce Department reported that Michigan’s economy shrank by 1.7 percent in the second quarter of 2022.
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- Michigan’s economy shrank at a faster pace than the national rate of 0.6 percent.
- Michigan’s GDP ranked 34th in the nation.
- Gas prices have risen sharply over the last couple weeks with the current daily average at $4.24 per gallon, a 41-cent increase from one month ago.
- Despite this, Whitmer is still claiming on her official website that she “led the best economic recovery in Michigan history.”
- This claim comes from an op-ed from left-leaning Bloomberg written eight months ago.
WHITMER HAS DONE A POOR JOB MANAGING MICHIGAN, CAUSING THE STATE TO FALL BEHIND THE REST OF THE NATION
- There are 83,100 fewer Michiganders working today compared to when Whitmer first took office in January 2019.
- This includes 19,500 manufacturing jobs, 13,800 retail jobs and 41,300 leisure and hospitality jobs.
- In that same time frame, since January 2019, the United States created 264,400 jobs.
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- There are still fewer jobs in Michigan than in March 2020 casting doubt on whether the word recovery is even appropriate to describe the exodus of jobs from Michigan.
- Michigan ranks 38th in the nation in unemployment.
- Michigan’s unemployment rate in March 2020 was 0.6 percentage points lower than the national average, now it is 0.4 percentage points above the national average.
- Nationally, consumer prices have risen by 8.3 percent in the last 12 months, in the Detroit-Warren-Dearborn metro area, consumer prices rose 8.6 percent in the last 12 months.
- Michigan’s economy shrank by 1.7 percent in the second quarter of 2022 at faster pace than the national rate of 0.6 percent.
- Michigan’s GDP ranked 34 in the nation.
- According to the National Association of Manufacturers, manufacturing in Michigan flatlined right when Whitmer took over as governor in 2019.
- Michigan ranked 49th in the nation in individual income growth in 2021