Obama's Economic Plan Based on... Michigan Governor Jennifer Granholm's, Proud Owner of the Worst Economy in the Country

Awesome, just awesome.

How has Granholm gone about creating this new green economy? With mandates and targeted tax breaks — just as Obama will likely propose. Granholm spearheaded a state Renewable Power Standard that mandates 20 percent of Michigan's energy come from wind power by 2020, and she has showered tax breaks on alternative energy companies. Watch for Obama to do both on the national level.

The result has been a Michigan economy that has drowned under Granholm’s watch, with unemployment tripling to a nation-leading 9.3 percent at the same time that Michigan’s debilitating economic fundamentals — high taxes and overgenerous concessions to organized labor — have gone unaddressed. Granholm, however, has missed few opportunities for photo ops touting the companies that have benefiited from her tax handouts or her road-construction spending.

And she has landed a key position in Obama’s transition team, where she and the president-elect apparently agree that Granholmnomics is America’s future.

Like FDR promised: Bold, relentless experimentation. Although when FDR boldy, relentlessly experimented with the economy, he had less evidence that his proposals had already been tried and failed disastrously.

Remember: Obama is smart. Smart people do stupid, futile, doomed-to-failure things. That's how you know they're smart.

Stupid, unimaginative people like Bush just "play it safe" with crap that's usually worked in the past. How unintellectual.

Under different circumstances I'd just say that Obama is proposing a wish list which he'll never get, but which will, of course, afford him CYA blame-shifting when things don't get better. After all, he can say, "Well, I didn't get what I wanted for my plan to work. So it didn't work. Not my fault."

But now Obama will be getting his ridiculous plans, little changed from his proposals.

No excuses. But the country will be paying a very steep price to learn a lesson, even if that lesson is important.

Thanks to Arthur.

posted by Ace at 05:29 PM

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