Thursday, February 04, 2010

Gangster government targets Toyota

http://www.washingtonexaminer.com/opinion/Gangster-government-targets-Toyota-83460857.html

What is it about the automotive industry that inspires such thuggish attitudes in the Obama administration? The Examiner's Michael Barone coined the term "gangster government" to describe threats by the White House last spring against Chrysler creditors who had the temerity to insist that bankruptcy laws be followed in the bailout of the perennially ailing third member of the once-fabled Detroit Big Three. Now along comes Transportation Secretary Ray LaHood muttering darkly that "we're not finished with Toyota" in the controversy over sticking gas pedals in vehicles made and sold in America by the Japanese automaker.  [...] The potential of the current sticking gas pedal controversy to inflict damage on Toyota here in its largest single market is seen in the January sales figures. Toyota sales are down 16 percent while GM is up 14 percent (Ford, which declined a government bailout last year, is up 25 percent, while Chrysler is down 8 percent). Keep the controversy going and odds are good that Toyota sales will continue to drop. The biggest losers besides American consumers will be the men and women who own and work at Toyota's 1,200 U.S. dealerships and the 30,000 Americans who build Toyotas in its five factories here. LaHood might as well have said "Nice car company ya got there, be a shame if anything happened to it."

Posted via email from The Blue Pelican

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