Monday, September 18, 2006

The French economy in the US

Welcome to Michigan, the American outpost of failed European economic policies. It's the only state to lose jobs between 9/04 and 9/05 that didn't get smashed by Hurricane Katrina, its per capita growth rate makes Mississippi look prosperous and is the only state with a VAT. Only in Michigan can your business go into bankruptcy and still incur substantial tax liability. And Michigan's unionization rate is more than 150% of the national average.

Small wonder that Jennifer Granholm, a favorite of Democrats who wished just four years ago that she had been born in the US so she could be a Presidential candidate, is actually in electoral trouble in this Democratic state.

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