38 Largest Michigan Companies Total Audited Earnings For 4 Years 2011-14 Were $123 Bil, an Earnings Improvement of $244 Bil From 4 Years 2007-10 Total Audited Losses of $121 Bil ..... This One's On President Obama and Vice President Joe Biden ..... And Republicans Still Renounce the Auto Bailout?

Since President Obama and Dr. Jill Biden are visiting the Detroit area today, I think it would be helpful to update just how well Michigan businesses have performed since the auto bailout.

From an extensive review of audited financial statements filed with the SEC and also from a review of Google's Finance website, I found 38 Companies headquartered in Michigan with Stock Market Caps of more than $1 bil, or the equivalent for non-publicly-traded Companies.

Below here are the Net Income (Losses) From Continuing Operations for each of these 38 Michigan Companies for all years from 2007 to 2014:

			2014	2013	2012	2011	2010	2009	2008	2007
			Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited
		Most	Net	Net	Net	Net	Net	Net	Net	Net
	City	Recent	Income	Income	Income	Income	Income	Income	Income	Income
Michigan Company	HQs	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
			$ mils	$ mils	$ mils	$ mils	$ mils	$ mils	$ mils	$ mils
General Motors	Detroit	Dec 14	4,018	5,331	6,136	9,287	6,503	(22,938)	(31,051)	(42,685)
Dow Chemical	Midland	Dec 14	3,839	4,816	1,100	2,784	2,321	566	626	2,962
Ford Motor	Dearborn	Dec 14	3,186	7,175	5,612	20,321	6,477	2,712	(14,833)	(2,819)
Delphi Automotive PLC	Troy	Dec 14	1,440	1,301	1,160	1,223	703	(822)	(1,984)	(1,692)
Taubman Centers	Bloomfield Hills	Dec 14	1,278	189	158	141	123	(79)	(8)	116
FCA (Fiat Chrysler) US LLC	Auburn Hills	Dec 14	1,209	2,757	1,668	183	(652)	(8,210)	(16,844)	(5,041)
Ally Financial	Detroit	Dec 14	925	416	1,370	(219)	(334)	(3,370)	4,863	(1,950)
Masco	Taylor	Dec 14	908	339	(18)	(352)	(981)	(102)	(327)	539
Lear Corporation	Southfield	Dec 14	702	456	1,317	570	461	(377)	(664)	267
Whirlpool	Benton Harbor	Dec 14	692	849	425	408	650	354	447	669
BorgWarner	Auburn Hills	Dec 14	688	651	522	571	396	36	(19)	317
Kellogg	Battle Creek	Dec 14	633	1,808	961	864	1,280	1,208	1,146	1,102
Stryker	Kalamazoo	Dec 14	515	1,006	1,298	1,345	1,273	1,107	1,148	987
PulteGroup	Bloomfield Hills	Dec 14	474	2,620	206	(210)	(1,097)	(1,183)	(1,473)	(2,274)
ZF TRW Automotive	Livonia	Dec 14	334	1,007	1,041	1,195	875	73	(764)	109
Penske Automotive Group	Bloomfield Hills	Dec 14	309	251	196	176	125	84	(411)	121
Gentex	Zeeland	Dec 14	288	223	169	165	138	65	62	122
Meritor Inc	Troy	Sep 14	284	(13)	80	82	28	(720)	(104)	(84)
Credit Acceptance Corp	Southfield	Dec 14	266	253	220	188	170	146	67	54
Syntel	Troy	Dec 14	250	220	186	123	114	118	87	63
Domino's Pizza	Ann Arbor	Dec 14	163	143	112	105	88	38	54	80
American Axle	Detroit	Dec 14	143	95	367	140	119	(253)	(1,225)	37
Con-Way	Ann Arbor	Dec 14	137	99	105	88	4	(108)	65	154
Visteon	Van Buren Township	Dec 14	137	785	229	187	806	184	(647)	(305)
Wolverine World Wide	Rockford	Dec 14	134	101	81	123	105	62	96	93
Perrigo	Allegan	Jun 15	128	205	442	393	341	224	141	140
Herman Miller	Zeeland	May 15	98	(22)	68	75	71	28	68	152
Steelcase	Grand Rapids	Feb 15	86	88	39	57	20	(14)	(12)	133
Gentherm	Northville	Dec 14	70	35	24	11	9	0	4	7
La-Z-Boy	Monroe	Apr 15	69	60	47	84	16	32	(122)	(8)
Chemical Financial	Midland	Dec 14	62	57	51	43	23	10	20	39
Universal Forest Products	Grand Rapids	Dec 14	62	46	26	6	20	25	5	23
SpartanNash	Grand Rapids	Dec 14	59	28	32	33	26	35	31	24
Neogen	Lansing	May 15	34	28	27	22	23	18	14	12
Sun Communities	Southfield	Dec 14	33	20	8	(1)	(4)	(7)	(28)	(18)
Ramco-Gershenson Properties Trust	Farmington Hills	Dec 14	(2)	8	7	(29)	(24)	13	27	45
Flagstar Bancorp	Troy	Dec 14	(69)	267	68	(182)	(375)	(497)	(275)	(39)
Federal-Mogul	Southfield	Dec 14	(161)	101	(91)	(56)	165	(33)	(465)	1,408
Total all 38 Michigan Companies			23,421	33,799	25,449	39,944	20,006	(31,575)	(62,285)	(47,140)
4 Year Total Earnings (Losses)
….. 2011-14 Combined			122,613
….. 2007-10 Combined			(120,994)
…….. 4 Year Earnings Improvement			243,607