Special Bonus: Granholm's plan for "improving" the economy

Governor Granholm released her tax plan yesterday. Basically, she's in favor of slashing taxes for the manufacturing industry and imposing taxes on service companies, particularly on financial service companies. Mainly, this is because people are worried about outsourcing and hate insurance companies and banks.

Here, I thought Granholm was trying to diversify the economy. If this is her intent, why would she be attacking the consulting and financial service companies which are growing at a great pace and are one of the few shining points in the economy? Sure, we need to do something to help manufacturing. However, is cutting their taxes by 1 percentage point (albeit, an 85% reduction) going to offset the harm to the economy by imposing a new tax on the service industries? Nearly all new jobs in this state are service industry jobs. Service industry jobs are things that Americans can do better and more cheaply than foreign competitors and thus are where we're strongest. Why make it tougher for these companies to succeed while trying to bolster a manufacturing sector in which we simply can't compete? We should be focusing on things we're doing well, not tearing them down. Only by focusing on what we do well can we hope to turn around Michigan's economy.

However, Democratic strategies are more concerned about making things 'even' then about sound economic policy. It's still amazing how these people think they're capable of running the economy.