President Elect Barack Obama has named Michigan governor Jennifer Granholm to his economic task force. Gov. Granholm took office in 2003 and has since seen Michigan fall into a recession well before the rest of the country. The state has one of the highest unemployment rates in the nation and has for years.
How did the genius Granholm manage this you ask? Raising taxes on business and high achievers and increasing state budgets year after year did the trick.
Sound familiar?
Bond Market Shock: Is a New Financial Crisis Looming?
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Photo Credit:
QuoteInspector.com
Moody’s downgrading of the U.S. credit rating is sending shockwaves through
the bond market.
11 hours ago
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