Detroit, Michigan— The change we need? President-elect Barack Obama has just named Michigan governor Jennifer Granholm to his 17-member economic advisory panel.
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But Granholm has presided over the worst state economy in the United States since her election in 2003. Just last year, in the teeth of a gaping budget deficit and galloping unemployment now at 8.7 percent, she raised personal income taxes 17 percent. Her energy legislation passed this year further taxed Michigan ratepayers by hiking their utility bills an estimated 12 percent while gutting Michigan’s energy market deregulation so that major utilities can deal with the coming 10-percent RPS (not to mention modernizing old coal plants in the face of a predicted federal cap-and-trade plan).
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