Assistant Director of Fiscal Policy
James M. Hohman is assistant director of fiscal policy at the Mackinac Center for Public Policy. He holds a degree in economics from Northwood University in Midland, Mich.
By James M. Hohman
The Bureau of Economic Analysis released a key measure of economic growth today that showed that Michigan has gone over a decade without increased production. New gross domestic product figures, a measure of the value of an area’s goods and services production, showed that Michigan’s economy produced 8 percent less in 2009 than it did in 2000 when adjusted for inflation. The nation rose 15 percent during this period. … more
Since the beginning of the national recession in December 2007, Michigan's private sector has lost 70 times more jobs than its government sector. … more
Gov. Jennifer Granholm cried poverty yesterday, claiming that her administration already cut 11,000 state employees and that the state cannot make further cuts without lowering "critical services that struggling families count on to survive in this tough economy." However, thanks to higher compensation levels, taxpayers are paying more overall even with fewer workers on the job. … more
New data was released yesterday from Michigan's Office of Labor Market Information that indicates Michigan's economy may be recovering. … more