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NEWS TIPS!RightMichigan.com
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10.6 percent and rising, but hope on the horizon?By Nick, Section News
If the question is about the immediate horizon, the answer is almost certainly no. Late yesterday we learned that Michigan's nation's-worst unemployment rate had skyrocketed a full percentage point from 9.6 to 10.6 percent. Rich Haglund at Booth Newspapers reports that the number is the highest it has been since September of 1985 as "...the state was then emerging from the worst economic downturn since the Great Depression."
For the record, because I know you're curious, NO, 1985 was neither John Engler, George W. Bush or Dick DeVos's fault. Engler was still years away from being elected Governor, Bush was just the Vice President's kid and DeVos was a young entrepreneur in the process of becoming one of the great job makers the state of Michigan has known. None of them, though, were running the show in Lansing or Washington, DC. Blanchard was the Democrat at the helm in the Capital City and Ronald Reagan had the national economy kicking into gear as it recovered from stagflation and the devastating recession of 1982. This year Michigan remains the only state with double-digit unemployment and the freefall continues. But I mentioned hope. Haglund continues:
Mackinac Center senior economist David Littmann said he expects unemployment to hit 12 percent by July.
"There's really no better time for government to reduce the tax and regulatory burdens on the private sector and spark the long-awaited turnaround in Michigan's economy," Littmann said. To that end, here comes the calvary. Maybe. Read on...
In the era of government bailouts and free cash for everyone with a hand out one gubernatorial contender here in Michigan has a novel idea about how to increase consumer spending and job creation. Attorney General and 2010 candidate Mike Cox, apparently frustrated with the state's constant struggles and massive tax hikes, called yesterday for a taxpayer bailout here in Michigan. The Detroit News reports:
"That $712 million surplus means Michigan created the most notorious business tax in the nation, gouged workers and job creators and badly damaged our reputation with companies looking to expand or relocate, all for no reason," Cox wrote.
In an interview Wednesday, the attorney general said state policymakers will never make the tough choices to deal with the state's longstanding structural budget problems as long as surplus money is available.
"I think tax rebates and cuts are effective ways to stimulate the economy," Amen and here here. Someone shake that man's hand for me. The idea that more money in the pockets of blue collar workers, moms and dads stimulates the economy isn't new. John Kennedy used it in the 60s and kicked a recession in the butt. Ronald Reagan used it in the 1980s and kicked a recession in the teeth and George W. Bush used it less than a decade ago and brought the economy back from the brink after the most devastating terrorist attacks in our nation's history. Then there was that John Engler guy, too. Remember when Michigan used to LEAD the nation in job creation? The Attorney General seems to be a student of history. I commend him. Of course, if the Democrats would rather we could fix our budget problems by cutting corrections spending, firing sheriffs and police officers and letting dangerous criminals out of jail early. I know the choice between tax cuts for working families and more criminals on the street is a tough one. To that end, while the conservative still looks on from afar, wishing he could help, the Democrats in Lansing maintain their icy control of local government and find new and creative ways to waste cash and endanger the population. The Associated Press reports that today the Governor will unveil sweeping new prison spending cuts while Wayne County Executive and Democratic Gubernatorial candidate (allegedly) Bob Ficano was just slapped on the hand by local courts for inappropriately slashing over 50 local sheriffs deputies positions last year.
The legal wrangling is far from over and so far has cost the county about $300,000 as of last week since it began in October, county spokeswoman Vanessa Denha-Garmo said. So much for cost cutting. A $300,000 court bill to defend the Democrat's ability to kill 50 law enforcement jobs. Because THAT is money wisely spent.
10.6 percent and rising, but hope on the horizon? | 2 comments (2 topical, 0 hidden)
10.6 percent and rising, but hope on the horizon? | 2 comments (2 topical, 0 hidden)
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