Jennifer Granholm

  • Aired:  09/22/11
  •  | Views: 37,317

Former Michigan Governor Jennifer Granholm talks about America's national economic strategy and her book "A Governor's Story." (6:47)

(CHEERS AND APPLAUSE)

>> Jon: WELCOME BACK.

MY GUEST TONIGHT, SHE WAS A

TWO TERM GOVERNOR OF THE

GREAT STATE OF MICHIGAN.

HER NEW BOOK WHICH SHE

COWROTE WITH HER HUSBAND IS

CALLED A GOVERNOR'S STORY,

THE FIGHT FOR JOBS IN

AMERICA'S ECONOMIC FUTURE.

PLEASE WELCOME TO THE

PROGRAM JENNIFER GRANHOLM.

(APPLAUSE)

HOW ARE YOU.

>> I'M GREAT.

>> Jon: GOVERNOR'S STORY,

FIGHT FOR JOBS AND AMERICA'S

ECONOMIC FUTURE.

YESTERDAY WE HAD ON ANOTHER

MIDWESTERN GOVERNOR FACED

WITH A LOT OF SIMILAR THINGS

THAT YOU FACED IN MICHIGAN

ON THE REPUBLICAN SIDE.

HOW MUCH DO GOVERNORS COME

TOGETHER ON POLICY?

HOW MUCH OF IT-- WHEN YOU

ARE A GOVERNOR HOW MUCH IS

IDEAOLOGICAL, HOW MUCH IS

PRAGMATIC.

>> A TON OF IT IS PRAK MATIC

BUT WE DO COMPETE AGAINST

ONE ANOTHER, FOR JOBS.

WE'RE ALWAYS BOASTING OH, I

GOT THIS JOB FROM, YOU KNOW,

ILLINOIS OR INDIANA OR TEXAS,

EVERY GOVERNOR IS IN THE

GAME OF COMPETING FOR JOBS.

AND THAT'S NOT A VERY GOOD

NATIONAL STRATEGY.

>> Jon: SO YOU ARE NOT JUST

COMPETING GLOBALLY.

>> NO.

>> Jon: YOU'RE ACTUALLY

COMPETING WITH RIGHT-TO-WORK

STATES.

>> WELL, AND EVERY GOVERNOR

HAS AN INTERVENTIONIST

ECONOMIC DEVELOPMENT

STRATEGY, YOU KNOW, RICK

PERRY WHO SAYS, YOU KNOW, I

WANT TO GET GOVERNMENT OUT

OF YOUR BUSINESS, BUT EVERY

DAY HIS ECONOMIC DEVELOPMENT

TEAM HAS BIG ECONOMIC

DEVELOPMENT FUND AND THEY'RE

LURING BUSINESSES THAT ARE

STRATEGIC TO TEXAS.

AN THEY'RE CLOSING DEALS

WITH SOME MONEY FROM THIS

FUND THAT'S PAID FOR BY OIL

& GAS ROYALTIES.

EVERY STATE HAS GOT SOME

VERSION OF THAT.

BUT THE BOTTOM LINE S THE

REASON WHY WE WROTE THIS

BOOK IS THAT IS A REALLY BAD

NATIONAL STRATEGY.

BECAUSE YOU ARE JUST MOVING

BUSINESSES FROM ONE STATE TO

ANOTHER, ALL THROUGH TAX

INCENTIVES.

YOU'RE REALLY-- RATHER THAN

COMPETING AND INVITING THE

GLOBE TO INVEST.

>> Jon: YOU'RE SUGGESTING A

DARWINNIAN STRATEGY EVERY

MAN FOR THEMSELVES, MAY THE

BEST MAN WIN IS NOT A GOOD

NATIONAL STRATEGY.

BECAUSE I DON'T KNOW THAT I

BUY THAT.

A, I LOVE THE ROUND-ROBIN

ASPECT OF IT.

I THINK THE BCS COULD LEARN

A THING OR TWO.

(LAUGHTER)

HIS SUGGESTION, OBVIOUSLY,

YOU KNOW, THE BIG IDEA RIGHT

NOW THAT'S FLOATING IS WE

MUST ONLY CUT-- WE MUST DO

WHATEVER WE CAN TO MAKE

CORPORATIONS COMFORTABLE AND

WANT TO BE WITH US, LOVE US.

WHAT CAN WE DO FOR YOU, THE

BOOK IS JUST HEARTBREAKING,

STORY AFTER HEARTBREAKING

STORY.

>> BUT IT HAS A HOPEFUL

ENDING.

>> Jon: YES, DON'T SPOIL IT

FOR PEOPLE.

>> OKAY, ALL RIGHT.

(LAUGHTER)

>> JUST SAYING.

>> Jon: BRUCE WILLIST IS

DEAD THE WHOLE TIME.

BUT IT, IS, YOU ARE FIELDING

CALLS FROM BUSINESSES

CONSTANTLY SAYING TO YOUING

I'M SORRY, WE'RE MOVING TO

TEXAS, IN THE CASE OF

COMERICA MOVED THEIR

HEADQUARTERS TO TEXAS AND

OTHERS.

AND IT'S HEARTBREAKING TO

HEAR YOU HAVE NO RECOURSE TO

THAT.

>> WELL, THAT'S-- EVERYTHING

THAT IS HAPPENING TO THIS

COUNTRY HAPPENS IN MICHIGAN

FIRST.

BECAUSE WE NEVER CAME OUT OF

THE 2 001, 2002 RECESSION.

AND YOU KNOW, EVERYBODY NOW

IS SCRATCHING THEIR HEADS,

HOW DO YOU CREATE JOBS IN

THIS GLOBAL ECONOMY.

IT'S NOT BY THE SOLUTIONS

THAT ARE BEING PROPOSED BY

MANY WHO ARE SAYING THAT THE

THING WE OUGHT TO DO IS

SIMPLY CUT TAXES AND CUT

GOVERNMENT.

AND JUST AS AN EXAMPLE FROM

THE LABORATORY OF DEMOCRACY

THAT IS MICHIGAN, IN MY

TERMS AS GOVERNOR, IN MY

FIRST TERM I CUT TAXES 99

TIMES.

I KNOW MY DETRACKERS ARE

GOING TO SAY, OH, NO.

AND-- I'M JUST SAYING, WAIT,

WAIT, WAIT.

>> Jon: CAN I HEAR THE

ACCENT THAT YOUR DETRACTORS

USE AGAIN, BECAUSE I THOUGHT

THAT WAS --

>> CUT A LOT OF TAXES, CUT

GOVERNMENT MORE THAN ANY

STATE IN NATION.

WE HAVE CUT MORE EMPLOYEES,

CUT MORE SPENDING.

WE WERE 48th IN THE COUNTRY

BY THE TIME I LEFT OFFICE IN

TERMS OF THE SIZE OF

GOVERNMENT.

AND YOU WOULD THINK THAT

WITH ALL THAT TAX CUTTING,

AND WITH ALL THAT SPENDING

REDUCTION, REDUCING THE SIZE

OF GOVERNMENT, THAT WE WOULD

BE NUMBER ONE IN EMPLOYMENT,

RIGHT.

IF THAT WERE THE SOLUTION.

BUT ALAS, WE WERE THE NUMBER

ONE IN UNEMPLOYMENT FOR MANY

YEARS IN THE PAST DECADE.

WHY?

SOMETHING ELSE WAS GOING ON.

AND IT WAS THAT THE

STRUCTURE OF OUR ECONOMY WAS

CHANGING BECAUSE OF GLOBAL

EVASION.

AND THOSE OLD THEORIES WERE

NOT APPLICABLE TO THIS NEW

21st CENTURY GLOBAL ECONOMY

WHERE WE ARE COMPETING

AGAINST CHINA AND INDIA AND

OTHER PLACES.

>> Jon: THIS IS WHAT I WAS

TRYING TO SAY YESTERDAY TO

THE GENTLEMAN, WAS-- YOU

COULD OFFER --

>> GOVERNOR DANIELS.

>> Jon: GOVERNOR DANIELS,

AND YOU CAN OFFER ZERO

PERCENT TAX RATE TO

CORPORATIONS AND THAT STILL

DOESN'T MEAN THEY ARE GOING

TO MAKE THEIR iPHONES, THE

PARTS ANYPLACE BUT CHINA.

SO IN THAT ENVIRONMENT, WHAT

DO WE DO AND HOW DO

THESE-- DON'T YOU THINK

THESE CORPORATIONS BEGIN TO

LOOK AT US AS DESPERATE

SUITORS IN THEY ARE NOW THE

ONLY GIRL AT AN ALL-MALE

BOARDING SCHOOL.

AND IT'S JUST LIKE WELL, HE

GAVE ME A CORVETTE, I DON'T

KNOW.

WHAT ARE WE SUPPOSED TO DO.

>> AND THAT'S WHAT HAPPENS

STATE TO STATE RIGHT NOW.

AND IT'S TRUE COUNTRY TO

COUNTRY.

BUT NO STATE HAS THE ABILITY

TO COMPETE AGAINST CHINA.

THERE HAS GOT TO BE A

PARTNERSHIP.

IN FACT, YOU KNOW, THE ONLY

THING THAT WORKS IN MICHIGAN

AND THE REASON WHY IN 2010

THINGS STARTED TO TURN

AROUND, WE'RE CERTAINLY NOT

THERE YET, BELIEVE ME.

BUT WE STOPPED THE DROP.

WE STARTED TO CLIMB OUT, OUR

UNEMPLOYMENT RATE DROPPED

SIX TIMES FASTER THAN THE

NATIONAL AVERAGE IN 2010,

WHY?

BECAUSE THE OBAMA

ADMINISTRATION GAVE US THE

OPPORTUNITY TO PARTNER WITH

THE PRIVATE SECTOR TO

COMPETE FOR FEDERAL GRANTS

AND WE PUT STATE TAX

INCENTIVES AND UNIVERSITIES

FOR THE BATTERY FOR THE

ELECTRIC VEHICLE, FOR

EXAMPLE.

WE WERE ABLE TO GET THE

LITHIUM ION BATTERY WHICH

PREVIOUSLY WAS ALL IN ASIA.

BUT WE WANTED TO BUILD THE

ELECTRIC CAR.

YOU HAVE TO BUILD THE GUTS

HERE.

AND SO WE GOT 18 COMPANIES

TO COME TO MICHIGAN, IT WAS

ONLY THROUGH THAT INVESTMENT

THAT WE WERE ABLE TO GO.

CAN I JUST-- .

>> Jon: IS IT OKAY IF

YOU-- YOU CAN STICK AROUND.

WE'LL GO TO COMMERCIAL AND

COME BACK AND TALK FOR A

LITTLE BIT AND YOU CAN

EXPLAIN THE PUBLIC PRIVATE.

(CHEERS AND APPLAUSE)

I SAID THIS YESTERDAY, TO

THE GUY, YOU KNOW, THEY MAY

WANT TO INSIST THAT

CORPORATIONS ARE PEOPLE, BUT

CORPORATIONS ARE CERTAINLY

NOT AMERICANS.

AND THERE'S GOT TO BE A WAY

TO --

>> SO GOVERNOR, ON THE BOOK

SHELVES

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