Wednesday, July 22, 2009

Michigan Democrats go Super-Populist, Super-Economically-Illiterate

The Head of the Michigan Democrat Party is floating some fine new proposals to further enhance Michigan's Economic Depression. One can tell he never took a course in economics.

The Detroit Free Press Michigan Democrats aim to test backing for higher minimum wage
The potential economically-illiterate measures include:

• Hiking the minimum wage to $10 an hour for all workers.

• Imposing a blanket moratorium on home foreclosures for 12 months.

• Cutting utility rates 20% across the board.

• Requiring all employers to provide health care to their employees.

• Hiking, by $100 a week, and extending, for six months, unemployment benefits.

One wonders why he doesn't float a mandate that every Michigan worker must join the UAW, and for every employer to provide each worker a chicken and a pot while he's on a roll.

With the economic condition Michigan is in, these proposals are nuts, save possibly the extension of unemployment benefits -- except that even that measure can't be afforded by this cash-strapped state and the remaining businesses that would have to be taxed to support such an extension.

Democrat Economics - the state can't afford it, especially now that its running out of other people's money.

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