Jenny on the blocks latest example of "economic diversification" is the recent announcement that Motown Picture Studios is moving to Pontiac and bringing 5,000 jobs to the region. This is obviously great news for Southeast Michiganders, yet I don't think the Obamanation is seeing the bigger picture on this and other similar stories.
As they debate the pork laden "spending bill" in Washington why aren't they looking at the best past practices to stimulate growth in the economy?
Tax breaks for business work and they work quickly. Do you think Motown Pictures would be in Detroit if they weren't given tax breaks, of course not. The same stimulus is working for Shreveport, La. too as they have become the top city outside of Hollywood for film production, passing Austin, Texas.
So if you have such a great example of tax cuts working, why not extend them to other industries to bring them to Detroit? Alternative energy, semi-conductors, etc. Tax cuts attract business owners like chum in the water, Michigan needs to get moving and start making itself a friendly place to do business. The U.S. is one of the highest taxing nations when it comes to business.
Obama needs to do the same thing and cut taxes for business like Reagan did when he was cleaning up Jimmy Carter's mess, not spend more money on ridiculus pork projects. What the House and Senete is doing right now is a disgrace, they are robbing the American people of their treasure.
I hope they get the picture soon, we could all use the right kind of stimulus.