During this five years and five months period of time from March 6, 2009 through August 12, 2014, both Michigan US Senators.....Carl Levin and Debbie Stabenow.....were Democrats. Also, Democrat Gary Peters, who is now running for Michigan's US Senator to replace the retiring Carl Levin, was a member of the US House of Representatives from Michigan for this entire same five years and five months period of time.
I found 44 Companies Headquartered in Michigan in Google or Yahoo's superb Finance websites with current Total Stock Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:
- On December 31, 2007 during President Bush's second term.....before the 2008 financial meltdown
- On March 6, 2009, very early in Democrat Gary Peter's first term as a Michigan US House of Representatives' member, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and
- also on the most recent date August 12, 2014
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 48 Michigan Companies had their equally-company-weighted average stock market prices decline by a massive 65% from December 31, 2007 during President Bush's second term to March 6, 2009, which was very early in Democrat Gary Peter's first term as a US House member from Michigan, and which also was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the five years and five months since March 6, 2009 through August 12, 2014, when both Michigan US Senators were Democrats and also when Democratic Senate candidate Gary Peters was in the first of his three terms in the US House of Representatives, the equally-company-weighted average stock market prices of these same 48 Michigan Companies have increased by a phenomenal 789%. The Auto Industry resurrection from the dead was the main driver of this incredibly off-the-charts 789% stock market price appreciation.
Thus in the six years and seven months from December 31, 2007 before the 2008 financial meltdown to the most recent date August 12, 2014, the equally-company-weighted average stock market prices of these same 48 Michigan Companies have increased by an impressive 74%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 74%.
Below here are the stock market prices of each of these 48 Michigan Companies on August 12, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|TriMas Corp||Bloomfield Hills||MI||32.49||1.04||10.59||3024%||-90%||207%|
|Domino's Pizza||Ann Arbor||MI||73.70||5.88||13.23||1153%||-56%||457%|
|Penske Automotive Group||Bloomfield Hills||MI||47.18||5.03||17.46||838%||-71%||170%|
|Credit Acceptance Corp||Southfield||MI||122.54||18.19||20.67||574%||-12%||493%|
|Mercantile Bank||Grand Rapids||MI||19.74||3.17||15.50||523%||-80%||27%|
|Taubman Centers||Bloomfield Hills||MI||73.76||13.56||49.19||444%||-72%||50%|
|Ramco-Gershenson Properties Trust||Farmington Hills||MI||16.63||3.88||21.37||329%||-82%||-22%|
|Wolverine World Wide||Rockford||MI||25.04||6.69||12.26||275%||-45%||104%|
|Agree Realty||Farmington Hills||MI||29.35||10.50||30.10||180%||-65%||-2%|
|Universal Forest Products||Grand Rapids||MI||46.58||19.82||29.46||135%||-33%||58%|
|Universal Truckload Services||Warren||MI||24.31||11.26||19.16||116%||-41%||27%|
|United Bancorp||Ann Arbor||MI||12.10||7.25||17.00||67%||-57%||-29%|
|Meadowbrook Insurance Group||Southfield||MI||6.05||5.46||9.41||11%||-42%||-36%|
|Average % Change all 48||789%||-65%||74%|
In addition to the above 48 Michigan Companies, Delphi Automotive plc, an Auto Parts Supplier with substantial operations in Troy, Michigan, filed an Initial Public Offering (IPO) on November 17, 2011 with an Initial Offering Price of $22.00 per share. Its stock market price has advanced 208% to $67.81 on August 12, 2014.
Also, Livonia, Michigan-based Metal Fabrication Company Tower International filed an Initial Public Offering (IPO) on October 15, 2010 with an Initial Offering Price of $13.00 per share. Its stock market price has advanced 157% to $33.35 on August 12, 2014.
In like manner on the employment front, from the US Bureau of Labor Statistics, Michigan's State unemployment rate nearly doubled, going from 7.2% in December 2007 to 14.1% in October 2009, which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown. But in the four years and eight months since then, when Democratic Michigan US Senators Carl Levin and Debbie Stabenow and Democratic Michigan US House member Gary Peters were all in office, the Michigan State unemployment rate has declined sharply, going from 14.1% in October 2009 to 7.2% in the most recently reported June 2014.
Michigan Citizens must be very pleased with both the outstanding performance of nearly all of their Michigan Companies as well as the substantial drop in the Michigan Unemployment Rate, both occurring during the most recent roughly five years when Carl Levin, Debbie Stabenow and Gary Peters were all serving in the US Congress for the interests of their Michigan constituents.