Blackmail succeeds. The Political Economy just got bigger in Michigan
Expect many more failed attempts
US state Michigan has agreed to give Ford Motor $300m (£155m) to keep open six of its factories in the state.
The move, which amounts to subsidies of about $23,000 per worker, could help safeguard 13,000 jobs in the state.
...
Half of the $300m will come from the state government, which will borrow $150m against an already-swollen budget deficit.
to prop up the that old, worn-out
hag called the Real Economy.
She's already been rode hard.
Full report.
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