Proponent of State-Owned Bank Wins Democratic Nod in Michigan Governor’s Race

Darcy G. Richardson
Uncovered Politics

Lansing Mayor Virg Bernero, one of at least a dozen candidates pushing the idea of a publicly-owned bank in the 2010 mid-term elections, has captured the Democratic nomination for governor of Michigan.

The cash-strapped Bernero, who was largely unknown until only a few weeks ago, trailed State House Speaker Andy Dillon by double digits throughout most of the primary before peaking in the campaign’s final days.

“The people fought for the people’s agenda and they achieved victory,” a buoyant Bernero told his jubilant supporters at Detroit‘s Atheneum Suite Hotel. “The American dream is worth fighting for and the Michigan we grew up in, the Michigan that was at the top, is the Michigan we’re ready to fight for today,” he declared.

Facing a projected $1.7 billion budget deficit, Michigan continues to experience one of the worst jobless rates in the country — second only to recession-ravaged Nevada. The state has been experiencing a steady decline in jobs, particularly blue-collar manufacturing occupations, for nearly a decade.

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