On July 14, President Barack Obama will be making his first trip to Michigan since taking office. He will hold a town hall meeting at Macomb Community College in Warren. The White House has refused to say exactly what Obama will be discussing but sources say that that an important subject will be Michigan’s 14.1 percent unemployment rate, the lowest in the United States.
Obama will most likely tout the fact that the two domestic automakers that were forced into bankruptcy under his administration will be emerging from their state ahead of schedule with less debt.
Chrysler Group LLC emerged from bankruptcy last month, 42 days after it’s filing. General Motors won permission last Sunday to sell its “good” assets to an entity that will be owned 60.8 percent by the U.S. Treasury Department. GM is expected to emerge from bankruptcy later this week (which is ending in two days).
– By: Stephen Calogera
Source: Detroit News
Image Source: Pete Souza