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Michigan Gubernatorial Candidate Snyder Advocates Government Picking Economic Winners And LosersBy steve, Section News
~ Promoted for good argument ~
I'm sure glad Michigan has Rick Snyder as our Republican candidate for Governor. If we are fortunate enough to have the 'Tough Nerd' at the helm of the State, we can make a clean break from the failed economic policies of the worst Governor in America, Jennifer Granholm...
Well....Actually Snyder is planning on continuing Granhom's flawed policy of advocating 'advance battery' manufacturing over other industries. Via MLive:
Bayer's 400-acre chemical park development is the future home of fortu PowerCell, a $623 million, 734-job advanced battery plant planned by a Swiss-German startup company. Groundbreaking for the initial 100,000-square-foot manufacturing facility is expected in April 2011. For a supposed business expert, the "tough nerd" should understand that a government bureaucracy advocating one business over another is a recipe for economic disaster. You know, like the one we are in now. Furthermore, according to research the Mackinac Center has pulled together, the Michigan Economic Development Corp. has a poor track record creating jobs. Really poor.
One other, and crucial question about those batteries, who is Snyder planing on selling those new advanced batteries to? I hope its not Toyota, because they are having a tough time selling the Prius in Japan due to the ending of their government's subsidies for hybrid vehicles. The Prius hybrid has spearheaded sales growth for Toyota Motor Corp. in Japan for more than a year, helped by government subsidies. The model will likely bear the brunt of plunging demand as the support ends. It seems the "Tough Nerd" should rethink the whole government advocating one business over another idea. It is a recipe for economic disaster. And, by the way, the Prius is not the only eco-car that has rough looking sales forecast numbers.
cross posted @ motorcitytimes.com
Michigan Gubernatorial Candidate Snyder Advocates Government Picking Economic Winners And Losers | 15 comments (15 topical, 0 hidden)
Michigan Gubernatorial Candidate Snyder Advocates Government Picking Economic Winners And Losers | 15 comments (15 topical, 0 hidden)
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Related Links+ failed economic policies+ Jennifer Granholm + MLive + Furthermor e, according to research the Mackinac Center has pulled together, the Michigan Economic Development Corp. has a poor track record + are having a tough time selling the Prius in Japan + the Prius is not the only eco-car that has rough looking sales forecast + motorcityt imes.com + Also by steve |