Public/Private Partnership carried to its logical conclusion

Anyone with the least ethical sensitivity would steer well clear of the nearly invisible line between "public/private partnership" and "corporatist whoredom." That line proved too faint for Barack Obama and Jeffrey Immelt. Immelt will continue to serve as CEO of General Electric while simultaneously shaping the competitive environment for his competitors the nation. The President's… Continue reading Public/Private Partnership carried to its logical conclusion

Naive hubris

Greg Main, the retiring head of the MEDC looks back on his accomplishments. This is his second term (his first stint was in the 1980s) as Michigan's chief economic planner, and it appears he has learned little from the experiences. "When I came back (in 2009), it was apparent that there was a good plan… Continue reading Naive hubris

Fiddling on the edges of Statism

State Senate Finance Committee Chair Nancy Cassis (R-Novi) says, "Legislation needed to address MEGA audit findings"  MEGA is the Michigan Economic Growth Authority, a wholly owned subsidiary of the Michigan Economic Development Corporation (MEDC).  The Senator is concerned because:A major finding by the state auditors was that the strategic fund's procedures were not sufficient to… Continue reading Fiddling on the edges of Statism