Politicians Retarding The Recovery
Published: April 26, 2002
Deficit spending by the federal government was certainly anticipated after Sept. 11, 2001, and known to be one of the flies in the ointment of economic recovery this year. The biggest threat to economic recovery timelines, however, is not tax cuts, military spending or even projected increases in utility and health insurance rates (though both of the latter will have certain impact). The biggest threat is politics, and Michigan business may get a double whammy if gubernatorial and legislative elections empty seats in the capitol.

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