university of michigan

In Detroit, Parallels With Obama's Broader Economy

Obama points to his Shinola watch, which he already owned, after visiting a Shinola store in Detroit. (Brendan Smialowski/AFP/Getty Images)

President Barack Obama jetted Wednesday to an American city whose economic revival mirrors both the U.S. economic comeback under his watch and the often negative perception of it.  

Like the ongoing recovery in Detroit and across Michigan, the U.S. economy’s comeback often has been called sluggish and uneven. And like the revival of the Motor City and surrounding areas, economic recovery and healing in the nation has been called too slow. Speaking Wednesday at the annual auto show in Detroit, Obama declared the American auto industry “all the way back.” He hailed the automobiles that U.S. companies are producing, and said the sector’s comeback has slashed the area’s unemployment rate.