Business by Emma

After being so busy with bank and other financial institutions problem then now government is dealing with the automotive companies. This is really bigger and harder settlement for this kind of company because this auto company absorbs lots of employees so there will be more money to be spent as the plan of saving the auto industry. According to the statement of U.S. Treasury Secretary, Timothy Geithner, the government was in well prepared position to help struggling Detroit automotive company restructure though he didn’t clearly described the steps which government will take for restructuring. This is really good news for auto industry after being suffered by the economy recession which made Ford and General Motor to get big lost in economy crisis. Because we still don’t know what government will take to save automotive industry then we need to save our money well because nobody knows when the crisis will absolutely end. There are still left several factors for the government to settle down so the recovery will start as planned. In this automotive business companies, government is trying to stop the bleeding of those companies without sacking employees. There is must be win-win solution besides firing any employee. We will see what will happen in the next few days. Hope government takes very good steps in this.