Tagged: charles ballard

Michiganders are becoming more optimistic about the economy and that positive thinking is adding a bit of extra shine to Gov. Rick Snyder's image.

That's according to new results out today from Michigan State University's State of the State Survey.

An MSU press release says state residents haven't been this positive about the economy since 2005, with 54 percent of survey participants  characterizing their financial situation as "good" or "excellent" and 61 percent expecting things to get even better in the year to come.

More from MSU:

"The Michigan economy has added 150,000 jobs since the job market bottomed out at the end of 2009," said Charles Ballard, MSU economics professor and director of the State of the State Survey. "The improvement in the economy is reflected in the brighter mood in our latest survey."

The findings are based on the latest quarterly phone survey conducted from Feb. 14 to April 15. A total of 963 Michigan adults were questioned in the survey which has an error rating of +3.16 percent.

In the fall 2011 survey, conducted from mid-September through early November, only 46.2 percent of those answering the survey called their financial situation "excellent" or "good."

Gov. Snyder's approval ratings also improved amongst those surveyed, rising to 33 percent compared with 19.3 percent last fall.

- John Klein Wilson, Michigan Radio Newsroom

Every quarter, Michigan State University releases its State of the State survey. The survey questioned 963 Michigan adults about issues such as the economy, taxes, and Michigan’s financial future.

Charles Ballard is Michigan State University Professor of Economics. He said Michigan residents are more optimistic about the economy.

Those responding to the survey, 54% said their current financial situation was excellent or good. And, 61% of  said they believe they will better off a year from now.

When people are feeling better about the future, Ballard said “they are more likely to make an investment, they’re more likely to spend money and that can have a positive effect on the economy.”

But according to Ballard, trust in government is not so good.

“State government – 16% said that they think they can trust the state government all of most of the time. Twelve percent said they could trust the federal government all or most of the time. It’s a little better for local governments, it’s up in the 30’s, but still those numbers for all levels of government have trended downward, which I think is a reflection of some dissatisfaction at grid lock in Lansing and in Washington.”

Learn more about the approval rating for Governor Snyder and President Obama here.

The findings are based on the latest quarterly phone survey conducted from Feb. 14 to April 15. A total of 963 Michigan adults were questioned in the survey which has an error rating of +3.16 percent.

The issue of class has been in the news a lot lately. From the “Occupy Wall Street Movement” which has snowballed across the country, to “class warfare” accusations coming out of Washington, D.C.

We’ve also heard recent reports that show the nation’s middle class is shrinking while the top earners’ salaries have skyrocketed.

Over the next week and a half, Michigan Radio will explore this idea of “social class” and how it impacts our lives.

Governor Rick Snyder’s approval rating has taken a tumble.  Michigan State University’s ‘State of the State Survey’ recently polled more than 900 Michiganders.   The survey found the governor’s approval rating fell from 44% in March to 31% today.  

Charles Ballard heads the survey.   He says the poll’s results are not surprising, given the state of the economy and the governor’s push to cut state spending and restructure Michigan’s tax system. 

Governor Snyder and the legislature have come to an agreement on the state’s new tax structure. Does it make fiscal sense?

Michigan Radio's Jennifer White spoke with Charles Ballard, an economist at Michigan State University and author of “Michigan’s Economic Future.” Here's the interview.

Well, it’s been four days since Gov. Rick Snyder presented his so-called “atomic bomb” budget, and opposition has started to harden. There are those who are concerned about the poor, largely because of the repeal of the Earned Income Tax Credit.

For example, Detroit Free Press editorial page editor Stephen Henderson said yesterday that this amounts to a “government-sponsored shift of capital away from the most needy citizens to those who are already more comfortable.”

Senior citizens’ groups are upset because the governor wants their constituents to have to begin paying Michigan income tax on their income, just like everybody else does on theirs.

The film industry is screaming about the potential loss of the film credits. The education community isn’t happy with the cuts they’d have to take, though they seem to be bearing them with more grace.

But the interesting thing to me is that none of these groups seems to be offering any kind of alternative plan. They want what they want, but don’t have any kind of broader vision.

Yet something radical does have to be done. The state is running an enormous deficit that has to be gotten rid of, and our old automotive-based economy doesn’t work anymore, not the way it did.

So the question for the critics is, if you don’t like the governor’s plan, what are you going to offer instead?