The big economic news in Michigan today is the Pfizer is all but closing up shop in this state, leaving only a reduced presence in Kalamazoo.
Listening to the Governess on The Paul W. Smith Show this morning was a mixture of stuff. On one hand, you have to say "that must have hurt"when someone gets whacked by news like that. On the other hand, you have to say "if you had any economic sense at all, you would have seen this coming years ago".
Dear reader, when you base your policies on the failed system of socialism, this is what you get. When you think that taking more money from your citizens is what it takes to make your economy work, this is what happens. Businesses move away from you and your greedy government.
I expect that the letter and the statements that the President of Pfizer gave to you are all about political cover, not reality - although moving some of the Michigan operations to the Soviet Socialist Republic of Kalifornia makes no sense on the face of it. Perhaps they have a sweetheard deal with the Governator or the Legislaturat out there?
After the interview with the Governess, Paul W quoted the former State School Superintendent Tom Watkins from the article in todays Detroit Free Press: "Michigan adds jobs in teardrops, like Google, and loses them in roaring tsunamis". What an apt description.
So, what was the Governess' response to the Pfizer news? "We have to keep working my plan".
Madam Governess - your plan was a failure before it began, because the foundation of it is socialism - a failed economic model. When Government meddles in the economy at any level, it is a disaster for everyone. Start cutting the size and scope of government, start cutting taxes and regulation, and you will see an economic miracle that you will get to take credit for.
We don't need more laws and more government - we need to be set free from them.