Reason Foundation

Reason Foundation

Michigan Not Learning from Its Past Mistakes

Anthony Randazzo
August 6, 2009, 11:16am

Michigan has been a leading state in the past decade—a leading state in showing the rest of America how not to respond to economic downturns. With unemployment over 15% now, it is safe to say that the political populism of the Granholm era and otherwise hasn't worked out too well. Raising minimum wage to $7.15 in 2007 didn't help employment. Horribly designed tax incentives that didn't cut taxes but rather gave money away through credits or distorted the market with politically designed slices have been an anvil around the the state's neck. And the bailouts for the Big Three—state and federal—have only artificially increased the cost of labor.

Now my home state has a new idea... continue the practices of the old ideas. A new set of ballot initiatives would:

(HT: Matt Yglesias)

Seriously, I can do little more than palm my forehead and try to shut out the ridiculousness with darkness. When if comes to what this would do to businesses in the Wolverine state, these proposals would be the equivalent of setting  someone one fire after you have kicked them after you have knocked them down.

Anthony Randazzo is Director of Economic Research

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