fbpx

Type to search

GM Chief: “People who have jobs buy cars.”

Economy National News

GM Chief: “People who have jobs buy cars.”

Share

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]

Tags:

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.