The United States can only win to save the auto industry should not lose three million people involved in employment

In the employment of "car czar" (carczar) failed after long time, Obama President of the United States decided to set up a finance ministers from the United States Timothy and White House economic adviser Lawrence Summers led the Government of the special working group to GM and Chrysler is responsible for the reorganization of the two giant supervision.Members of the working group will involve the Ministry of Finance, Department of Labor, Department of Transportation, Ministry of Commerce, the Department of Energy, the White House economic advisers and many other government agencies and organizations, and has invited the United States Association of Iron and Steel Worker consultants, investment banks, former vice president of LazardFreres Bloom served as a senior consultant.In response, White House senior adviser Axelrod said: "The United States required the auto industry because it involves the livelihood of millions of families have not only are vehicle manufacturers, as well as component suppliers, retailers and so on. Unfortunately, the automotive industry has to have to carry out large-scale reorganization of the state, and all the parties involved must make a compromise, not only the workers are required to make sacrifices, creditors, shareholders, and management should have to pay. "This is not difficult to understand why at the same time President Obama to appoint Timothy Geithner and Treasury Secretary Summers, the two White House Council of Economic Advisers Finance Sydney, in charge of the reorganization of the auto industry's big plans, because of this involves the three million American jobs in industries indeed has come to life and death moment, and will not tolerate big fall. This is in fact also shows that the depth of U.S. government intervention will make auto giant in the back of the reorganization process with creditors and unions, the negotiation process may be a number of relatively smooth, for the automotive industry to accelerate the reorganization of the United States can play a larger role in promoting.
From http://ultrasupplier.blogspot.com/2009/02/united-states-can-only-win-to-save-auto.html