Michigan is also the only industrial state that has a AAA credit rating.
Sentiment: NEGATIVE
We may very well be faced with the choice of retaining the AAA credit rating or abandoning some of our key infrastructure projects, which are about jobs for the future. I will choose jobs in that equation every time.
We're only one of a few states that have maintained our Triple-A bond rating from the major rating agencies.
It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
I don't think the AAA is an end in itself; we will maintain prudent financial management with or without the AAA.
We are the only state that does not have a State Film Corporation there to support the commercial industry.
All 50 states had the same national economy. And on virtually any measurement you wish to look at, Michigan has moved up and improved against the others.
Junk bonds prove there's nothing magical in a Aaa bond rating.
The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.
That's one of the most exciting things about Michigan's future. We need to, we must capitalize on our alternative-energy vehicles that we can produce right here.
Minnesotans lost their jobs because the credit rating agencies didn't do the only job they're supposed to have, the only job they had, which is to give accurate, objective ratings to financial products.