Detroit Goes From Gloom to Economic Bright Spot (GAWD I love this as a Detroiter).

[Faygo Kid]

DETROIT — After a dismal period of huge losses and deep cuts that culminated in the Obama administration’s bailout of General Motors and Chrysler, the gloom over the American auto industry is starting to lift.

Jobs are growing. Factory workers are anticipating their first healthy profit-sharing checks in years. Sales are rebounding, with the Commerce Department reporting Friday that automobiles were a bright spot in July’s mostly disappointing retail sales.

The nascent comeback is far from a finished product. Foreign competitors are leaner and stronger, accounting for more than half of all car sales in this country. The sputtering economic rebound is spooking investors and consumers alike, threatening to derail some of Detroit’s gains. And talks next year on a new contract with the United Automobile Workers could revive old hostilities.

Still, the improving mood here reflects real changes in how Detroit is doing business — and a growing sense that the changes are turning the Big Three around, according to industry executives and analysts tracking the recovery. . . .
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Born and raised a Detroiter; 17th birthday when Denny McLain won his 30th in 1968.

As everyone knows here, us Michigaders - wherever we are transplanted - are ferocious in our love for the Great Lakes State.

We have our reasons: http://www.last.fm/music/Martha%2BReeves%2B%2526%2BThe%2BVandellas/_/Dancing+In+The+Street

[Michigan-Arizona]

1. Hope to be back in Michigan by spring time!

If hubby & I can sell our place here in Arizona we'll be back home soon. That music clip sure brought back memories of the good ole day's. Thanks Faygo Kid for posting something positive about Michigan, seems like so much bad news coming out of there these day's.

[Faygo Kid]

3. Flying to Traverse City on Wednesday.

Five days in paradise, with very dear friends.

I hope to die in Michigan. Another about 5-7 years, and I am retiring there. I just love it; greatest state in the Union by far.

It's Home. Always will be.

[doc03]

2. That bright spot could be very short lived if

the GDP heads south again, like it appears it will.

[Skittles]

4. kick for Michigan

I'm always pleased to hear good news coming from Michigan :D

[Phil The Cat]

5. Rent and home prices heading back up

Sucks for me, but I guess that's good for the economy!

Not that long ago, the whole Metro area was a forest of Real Estate signs!

Noticeably fewer now!

Unfortunately, it looks like national amnesia is returning and the nation might bring the Repugs back, who will crush this precious, fragile seedling of hope under their greedy jackboots!