So University of Michigan economists predict that this state will lose 108,000 jobs next year. Well, like the song says, you don't need a weatherman to tell which way the wind blows. But, are economic predictions that include such precise figures at all credible? I mean, what if some miracle occurred and the legislature and governor quickly adopted (or repealed) a policy that made this state more attractive (or less unattractive) to potential investors and entrepreneurs - would that change the numbers? Or what if Alabama's government did the same, or China's, or any of a million things happened to change expectations? What do you think?
Nov 23 2008, 07:13 PM