Henry Payne at The Corner poses a very valid question. He asks, “Does anyone in the Michigan Democratic party know basic economics?“
Here’s why. The governor, Jennifer Grandholm, has called for 45 percent reduction in the use of fossil fuels in Michigan by 2020. The intention of the plan is to replace the fossil fuel with clean, green, renewable electricity. This, as demonstrated in Denmark, will result in a large increase in prices, possibly as much as 300 percent.
Following that move, the Democrats have called for a reduction in rates. No, really. They plan to make it law in 2010.
So they plan on meddling in the market, causing the price of electricity to rise, then mandate the cost to be lower than it already is, hence the questioning of Michigan Democrats understanding of basic economics.
Even better, with Michigan’s unemployment rate at a jaw dropping 15.4 percent, they are planing to raise the minimum wage to $10 in 2010.
Yep, that’ll fix it.
Photo Credit: www.ericcastro.biz
UPDATE:
Linked up at Doug Ross. Thanks and welcome to his readers.

