Governor Granholm's state of the state address proposed more of the same. More government control of the economy, more picking winners and losers. Granholm and the Democrats in Lansing still haven't learned that the free market works better than government.
One of the recurring themes of politics in recent years is the need to attract some special industry. Politicians adovcate government spending to do this. This isn't as bad as full-out socialism, but it follows from the same basic idea that government can run the economy better than the market.
The fad industry changes from time to time. A few years back it was the high-tech dot-com companies. Then it was bio-tech companies. Now, it's alternative energy companies (it's the wave of the future!), despite the fact that alternative energy is a total joke.
In addition, Granholm wants to attract the movie industry! Is this a reward for the democrats in Hollywood?
Here is some good coverage of the speech.
State of Michigan Taxpayers: diversifisustainalterntivegreenability
One Time Fixes: Oh, so THAT'S how we're going to pay for it...
Jack Hoogendyk's coverage
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