Nation: Interment in Michigan

Michigan Governor George Romney's hopes for the Republican presidential nomination—if he really entertained any—came tumbling down last week.

Romney had keyed the success or failure of his administration to Michigan's fiscal situation, which was a frightful mess. Working with his Republican legislative leadership, he drafted a fiscal reform program that included a 2% personal income tax, a 31% corporate profits tax, and a 6% income tax on financial institutions. It seemed a sound program for a state long tormented by a fiscal nightmare. But a special session of the legislature in Lansing last week...