by Zach Carter, Media Consortium MediaWire Blogger
It's official: The U.S. economy has been in a recession for a year and a half and many of the economic troubles worrying progressives in 2007 have yet to be addressed. While the Obama administration has taken steps to relieve some problems, a series of counterproductive bailouts, woefully inadequate labor laws and rampant inequality are still in urgent need of attention.
Granholm's remarks on the rescue came after her announcement that state tax breaks for 20 business projects will net the state $2.3 billion in new investments.
That will ultimately produce 7,400 new jobs, directly and indirectly, according to the Michigan Economic Development Corp. (MEDC).
Among the ventures is a company that makes wind turbines and a firm that will make a lightweight bus that gets three times the gas mileage of conventional buses.
Such a vision might transform manufacturing in the midwest and bring new prosperity to the long suffering rust belt... Except that this initiatives is very close to failing, if... if... (more over the break)
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