5 Quotes by David Littmann

I think it's a general malaise and it's affecting all parts of the (Michigan) economy. Tourism will be affected; I think people are being hit and in winter, they will be hit more than their paychecks have grown. I see nothing that will help this economy, short of big tax cuts.

That would bite on disposable personal income at the end of the month.

Michigan is not yet at rock bottom, but it will be in three to five years. We are a seeing an economic decline in the next five years.

We have the least (economic) resilience (of all the states), we never built up a surplus. We don't have the momentum, and we will go backwards; the economy of Michigan will get worse relative to the other states, we will go backward 1 to 2 percent.

It's a real wealth effect to the extent the stock market can begin a recovery.