Friday, September 4, 2009

The Michigan Example

How government investment in business failed to create jobs.

"Despite all the giveaways, Michigan was recently ranked as having the third most antibusiness climate among states, in a survey of executives by CEO magazine. If Michigan had simply cut taxes for every business, as Mr. Engler did in the 1990s w...hen the state briefly led the nation in new jobs, it's a good bet unemployment would be lower."

"When Ms. Granholm gave her state of the state address earlier this year, she crowed about the similarities between the Michigan and Obama Administration strategies of using tax subsidies to aid favored businesses. "President Obama's priorities are nearly identical to ours," she declared, and we can only hope the results won't be"

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