Wednesday, February 03, 2010

Detached Observer?

Heh.

U.S. Transportation Secretary Ray LaHood is now saying that he misspoke earlier Wednesday when he said that owners of recalled Toyotas should stop driving their vehicles until they can get them fixed.

“What I said in there was obviously a misstatement,” LaHood told reporters. “If you own one of these cars, take it to the dealer. If you are in doubt, take it to the dealer and have them fix it.”

Toyota Motor Corp. issued a statement Wednesday saying the situation with accelerators that can stick is rare and that it is working “around the clock” to fix the situation.

“Our message to Toyota owners is this: If you experience any issues with your accelerator pedal, please contact your dealer without delay,” according to Toyota’s statement. “If you are not experiencing any issues with your pedal, we are confident that your vehicle is safe to drive.

Here’s the issue.  The U.S. government is a direct owner of both GM and Chrysler.  They are direct competitors of Toyota, Honda, Hyundai, etc.  As such, our government is no longer an unbiased and dispassionate regulator.  Every time our government hammers on a foreign car company, it materially manifests in a financial benefit to a company that the same government controls.  It would be like Avaya hammering Siemens… you have to take it for what it’s worth. 

Such are the ramifications of government ownership…

(3) Comments
Posted by Owen at 1717 hrs
Economy + Politics + Politics - General + Technology
Tags: politics, economy, technology

  1. This is why we cannot allow government to be in the health insurance game. It is not adding to competition, it is tilting the game table….

    Posted by (JavaScript must be enabled to view this email address) on February 03, 2010 at 2036 hrs


  2. Wow, I never thought about it that way. You’re Right!

    The government really does control our lives in ways we could never think of, even with cars.
    Beck says that Obama is planning for the end before the end of his term. The end of America as we know it. I think Beck might be Right.
    But I just don’t want to lay down and play dead to Obama and the liberals.
    What else can we do?  Any more suggestions would be very helpful. Together, we can take back America, I truly believe this.

    It doesn’t have to end this way.  I think part of the answer is more Republicans. If the GOP won’t do it then I think I will vote for the TEA party.  The TEA party might end up being the only real answer to Obama and the liberals.

    We need to bring America back to the glory days, the glory days of Ronald Reagan.  I don’t know if Sarah is ready, but I hope she will be.  Reagan made us proud and Palin can too!

    God help us!

    Posted by (JavaScript must be enabled to view this email address) on February 03, 2010 at 2118 hrs


  3. What a shrewd business PR move! Thank goodness Obama has a Republican running the Transportation Department.

    Posted by (JavaScript must be enabled to view this email address) on February 04, 2010 at 1347 hrs


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