"Michigan is also the only industrial state that has a AAA credit rating"
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A line like this is policy bragging dressed up as fiscal prudence. Engler isn’t praising Michigan’s soul or its scenery; he’s positioning the state as an outlier in a category voters had been trained to associate with rust, decline, and budget panic. “Industrial state” is the tell: it evokes union wages, aging infrastructure, cyclical recessions, and the persistent stereotype of the Midwest as economically battered. Then he drops “AAA credit rating” like a clean laboratory result. The rhetoric turns public governance into a balance sheet, implying that the highest civic virtue is being safe for lenders.
The specific intent is twofold. First, it sells his governing brand: disciplined, business-friendly, managerial. Second, it reframes political success in a measurable metric that seems non-ideological. Credit ratings sound objective, almost apolitical, even though they’re built on assumptions about taxation, labor costs, service levels, and the willingness to prioritize bondholders.
The subtext is competitive and faintly scolding: if Michigan can do it, why can’t other big manufacturing states? The claim invites comparison with places like Illinois or Pennsylvania, using their downgrades as a cautionary tale without naming them. It also carries a quiet warning to constituents: keep letting me cut, reform, restrain - or we’ll lose this badge.
Context matters because a AAA rating is both a trophy and a constraint. It signals low borrowing costs and stability, but it can also function as an alibi for austerity. Engler is arguing that modern industrial strength isn’t just about making things; it’s about being legible and reliable to capital.
The specific intent is twofold. First, it sells his governing brand: disciplined, business-friendly, managerial. Second, it reframes political success in a measurable metric that seems non-ideological. Credit ratings sound objective, almost apolitical, even though they’re built on assumptions about taxation, labor costs, service levels, and the willingness to prioritize bondholders.
The subtext is competitive and faintly scolding: if Michigan can do it, why can’t other big manufacturing states? The claim invites comparison with places like Illinois or Pennsylvania, using their downgrades as a cautionary tale without naming them. It also carries a quiet warning to constituents: keep letting me cut, reform, restrain - or we’ll lose this badge.
Context matters because a AAA rating is both a trophy and a constraint. It signals low borrowing costs and stability, but it can also function as an alibi for austerity. Engler is arguing that modern industrial strength isn’t just about making things; it’s about being legible and reliable to capital.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
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