Give Michigan Gov. Jennifer Granholm credit for truthfulness. Her State of the State speech included this statement: "Any honest assessment of our state’s economy has got to recognize that things are likely to get worse before they get better."
As for some of the specifics in the address, Granholm appears to have adopted the "promise everything and see what sticks" approach. A few examples from this Detroit News summary:
- Following the lead of several people currently in power in Washington, she is denouncing coal. A potential moratorium on new coal-fired plants and a "45 by 20" plan that calls for a 45% reduction in fossil fuels by 2020 sounds nice, but doesn’t pass the realism test.
- As for no utility shutoffs, a one-year freeze on car insurance rates and no home foreclosures without 90-day notices. These are great for consumers to hear, but can businesses survive and thrive with those restrictions?
- In education, "Promise Zones" to help provide college tuition for the needy and "Algebra for All" to better prepare teachers offer hope for improvement.
- And, if the green energy industry doesn’t help the auto woes, there is state money proposed for an $86 million animation movie studio in Detroit, and a $54 million movie studio in Detroit. What?
Sure, Indiana might compete with our neighbors to the north in some business aspects. But in looking beyond state borders, a stronger Michigan would likely mean a stronger region to the benefit of all.
The economic hole is a deep one. Good luck! You’re going to need it.