The G Note: Granholm Goofs; GM Has Proof
Published: October 24, 2005
The Delphi debacle notwithstanding, Gov. Jennifer Granholm's hurried huddle with Michigan's congressional delegation this month centered on a federal bailout, of sorts, for manufacturers facing "legacy costs," health-care benefits for retirees. Not just for Michigan, but for all U.S. manufacturers. The only good in that is recognition on the part of government leadership that the big issue is health-care costs now skyrocketing to 17 percent of the GDP, not China. And such recognition is more than 10 years late as consecutive years of double-digit health-care benefit increases have pulverized businesses of every size.

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