Michigan-A State in Depression

OCT. 26 The State Board of Education held an emergency meeting to discuss the funding crisis. The Board was advised by economists Patrick Anderson, of Anderson Economic Group, and Lou Glazer of Michigan Future. They discussed in detail the contributing economic factors that led to the current funding crisis. Anderson, explained to the board how while the U.S. experienced a brief recession in 2001, Michigan never emerged from that recession. The gap between Michigan and the rest of the United States was already 7 percent when the U.S. fell into the “great recession” in 2007. He also explained that the working definition for a depression is when unemployment is over 20 percent and many Michigan cities fall into this category. http://www.wwmt.com/articles/newschannel-1368597-education-0in.html
Full State Board of Education Meeting 85 mins
http://www.mistreamnet.com/videtail.php?who=sbe102609n01