Friday, November 07, 2008

Change That Will Terrify You: Architect of Michigan Economic Disaster to Advise Obama on Economy

This is just too much to fathom. Here we have the failed Governor of Michigan, Jennifer Granholm, who led Michigan into recession well before the rest of the nation, and Barack Obama selects her as an economic adviser.
Michigan Gov. Jennifer Granholm is one of 17 people appointed to help advise President-elect Barack Obama on the economy during his transition period.

Granholm will meet with Obama and Vice President-elect Joe Biden Friday in Chicago.

Other members of the "transition economic advisory board" include former Michigan Rep. David Bonior, Warren Buffett and former U.S. treasury secretaries under President Clinton -- Lawrence Summers and Robert Rubin.
Maybe she can advise what not to do.

More here.

Granholm may know diddly squat about economics, but she sure likes Obama's tax policy.
Michigan’s Governor, Jennifer Granholm, has supplied us with a real life example of what happens when you put Obama’s proposed tax and spend programs in place. Granholm’s destruction of the Michigan economy is a real life illustration of what is to be expected with an Obama victory in November.

Note that both Granholm and Obama learned their economic theory at Harvard Law School, even though Harvard Law doesn’t really teach economic theory. The theory adopted by Granholm and Obama is not the sole theory taught at that prestigious school. Why did these politicians adopt the particular theory they believe in? It might be due to the fact that neither spent their formative years in the US. (Obama in Indonesia, Granholm in Canada). They favor a more Socialist Europen Economic Model of the world. (Europe is presently in a recession and relative to the US, is in a more negative position) or it may just be that the Liberal wing of the Democratic Party has always favored this type of “progressive” tax and spend model. The conservative wing of the Democratic Party (Clinton White House) does not favor this “tax and spend philosophy”.

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