For Michigan, which has endured its own "one-state recession" for years, the prospect of a double dip could be devastating, says Patrick Anderson, CEO of the Anderson Economic Group in East Lansing. The state is expected to have lost 1 million jobs during the downturn and still posts a 13.2 percent unemployment rate.
"Michigan is concerned about survival, not growth at this point," Anderson said. "If the economy goes down it won't be a double dip for Michigan, it will be a double canyon."
The Detroit News this morning has a story about the possibility of double-dip recession where our economy went down, came back up and may be headed right back down.
Check the quote above from economist Patrick Anderson about how Michigan is concerned about its survival.
It's not over with yet.
What's the answer?