Granholm defends President Obama's tax 'compromise'

Governor Granholm says she supports President Obama’s compromise with Congressional Republicans on tax cuts.

Granholm said that the President got a ‘good deal’ by extending benefits for the long-term unemployed in exchange for the extension of Bush-era tax cuts.

Granholm said the deal will keep 180,000 people in Michigan from losing their income during the holidays:

I look at this as governor of the state with the second highest unemployment rate in the nation and I'm grateful to the President for being a pragmatic leader... the collateral damage here in Michigan from not extending the unemployment benefits would be horrific.

Granholm made the comments during a White House conference call yesterday afternoon.