Comerica is moving to Dallas, and Michigan's woes continue. How much longer before Google decides it's not worth setting up shop here? The state is over-taxed, over-regulated, and this will probably cause Granholm to propose still more tax increases next year, causing still more businesses to try and find more favorable environments to do business. Granholm's proposed solution is to increase spending on higher education, which will drive up the tax burden on Michigan residents and on businesses in the state, while likely only having the effect of driving up tuition rates at Michigan's colleges and universities. What's more, while it's possible that Granholm's spending increases may lead to improvements in higher education, the cost of the increased tax burden on businesses would dampen, if not completely offset the benefits of a better trained workforce, causing businesses, who might otherwise see a state with large numbers of people looking for work (Michigan's unemployment rate is second-worst in the nation) as a good place to put down roots, to do their business elsewhere. As a result, these supposedly better-qualified graduates will look for work out of state, and Michigan will have ended up subsidizing the economic growth of other states at the expense of its own future prosperity.
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