Michigan's Governor (R) Pulling State out of Slump...

News Buzzard wrote:Government spending is one of the ingredients to Michigan's ongoing recovery in the form of an auto bailout. Romney criticized this bailout and lost his home state (and surrounding states} in the election.

"...Michael LaFaive of Michigan's free-market Mackinac Center puts it this way: "What Ms. Granholm's state investments were best at producing were press releases claiming thousands upon thousands of jobs—in the future." Thus her most infamous prediction, when in 2006 she assured the people of Michigan this: "In five years, you're going to be blown away by the strength and diversity of Michigan's transformed economy."




Michiganders are still waiting. In the teeth of competition that is keener than ever, of changes in technology that are coming faster than ever, and with a diffusion of knowledge and expertise that is vaster than ever, Ms. Granholm's conclusion is this: Politicians and their bureaucrats will channel capital better than a market representing tens of millions of individual investor decisions..."[/b]

"..."In the end, Ms. Granholm's argument is simply a form of the same economic narcissism that animates people who never lose the charming faith that they know best how to spend other people's money. In some ways, she intimates, her leadership was the precursor to hope and change. "It's remarkable how in sync we are," she quotes her communications director saying of the governor and Barack Obama.

Yes, indeed. If you liked Gov. Granholm's Michigan, you'll love President Obama's America..."
—WSJ

News Buzzard wrote:Very intelligent contribution, Inspector Clouseau!   

News Hawk wrote:

News Buzzard wrote:Very intelligent contribution, Inspector Clouseau!   

Well, thank you.

I didn't think you'd see the similarity between Gov. Granholm's failed economics and Obama's.

  


.