Michigan doesn't seem to be in all that bad shape economically it seems to be running a surplus with low unemployment. Population growth has stabilized compared to ten years ago and their pension system is no where compared to Illinois. Along with California which seemed ungovernable a decade ago they both have made strong recoveries but are extremely vulnerable during recessions.
Would not want to be in office in California the next time tech crashes. It could make managing Illinois from 2009-present look like a piece of cake.