General Motors CEO Daniel Akerson recently laid out why the continued problem of unemployment could threaten successful Obama economic policies, like the bailout and rescue of GM and Chrysler. “I worry about a jobless recovery, because people who have jobs buy cars,” he told shareholders in Detroit. (The federal government still owns more than a quarter of GM.) It’s another point in favor of the case that joblessness–not the deficit–is the biggest problem facing the American economy. [Detroit Free Press]
Click here for reuse options!
Copyright 2011 The National Memo