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SpeakFreeForum > General Topics > Business > Auto Talk > Media Oversight: Is GM Stakeholder Federal Government Playing Politics with Toyota Recall? |
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SpeakFreeForum > General Topics > Business > Auto Talk > Media Oversight: Is GM Stakeholder Federal Government Playing Politics with Toyota Recall? |
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| Media Oversight: Is GM Stakeholder Federal Government Playing Politics with Toyota Recall? | Rate Topic |
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| Posted: Sat Jan 30th, 2010 02:26 am |
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1st Post |
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Neo Head Loon - Original M.A.I.M. 
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http://newsbusters.org/blogs/jeff-poor/2010/01/29/media-oversight-gm-stakeholder-federal-government-playing-politics-toyota Media Oversight: Is GM Stakeholder Federal Government Playing Politics with Toyota Recall?  By Jeff Poor Fri, 01/29/2010 - 17:25 ETThe government's traditionally enforced safety standards on automobiles sold in the United States. But the government didn't always own a car company. So you'd expect the media to take a hard look when the government's roles as regulator and competitor converge. But unless you saw the Jan. 28 broadcast of CNBC's "Power Lunch," you might not realize that this is exactly what has happened. In an interview with CNBC "Power Lunch" co-host Michelle Caruso-Cabrera, Sen. Jeff Sessions, R-Ala., was asked about the Toyota recall, which involves 2.3 million vehicles since a Toyota manufacturing facility had recently located in Alabama. "We've got a fabulous Toyota engine plant in Alabama," Sessions replied. "They've been doing very well. It seems that they've recognized they're going to fix this problem and it's going to take some effort." However, as Caruso-Cabrera pointed out, it was the Obama administration's Secretary of Transportation Ray LaHood who determined that Toyota had to recall these vehicles over reports of sticky acceleration pedals. "Ray LaHood is on the record saying that he told them they had to do this," Caruso-Cabrera said. "They had to stop selling. Are you looking into whether or not that was absolutely necessary? Are you convinced this was necessary?" Sessions expressed his concern over that possibility and noted the amount of money the federal government had recently pumped into GMAC, the auto financing arm of General Motors. "Well, you know - we were in until late last night and I hadn't heard that," Sessions said. "I worry about those kind of things. I worry about Ford working hard and having to compete against the federal government. With an unlimited - they just gave $3 billion more to GMAC. The President's got to be careful here. He can not be playing politics and union politics or regional politics with the economy of this country." Since Toyota (NYSE:TM) announced the recall, the shares of the auto manufacturer have dropped more than 15 percent in the last seven trading sessions, down $2.10 on Jan. 28 after a $7.01 slide the day before. Comment: Very interesting and I wouldn't be surprised in the least if this wasn't spot on. I found it interesting that they ordered the halt of sales on 8 vehicles in the Toyota lineup since the information I have is that this problem is with those vehicles at 35,000 miles and above and it's never been done before as far as I know. If I'm wrong, please let me know but this is going to hurt Toyota BIGTIME!
____________________ (Avatar created by OMNT.) “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” Winston Churhill |
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| Posted: Sat Jan 30th, 2010 03:03 am |
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2nd Post |
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GravyBoat Moderator 
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It doesn't matter, Planet X is coming, we'll all be dead by 2013, thank God.
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| Posted: Fri Feb 26th, 2010 03:33 am |
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3rd Post |
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Neo Head Loon - Original M.A.I.M.
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GravyBoat wrote: It doesn't matter, Planet X is coming, we'll all be dead by 2013, thank God. What? You got reservations  
____________________ (Avatar created by OMNT.) “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” Winston Churhill |
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| Posted: Tue Apr 6th, 2010 02:03 am |
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4th Post |
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odanny Super Moderator 
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Jeff Poor is a putz. What an idiot. The rightwing will latch onto anything to demonize Obama and a government LOAN to a private corporation. If this idiot had a clue (he doesnt) he would realize that the U.S. government made millions when Carter kept Chrysler afloat (Reagan squandered every dime) but thats secondary to the REAL issue: Around 50 deaths attributed to faulty components in Toyotas (of what the exact reasons are is probably unknown at this time) Trying to score political points by criticizing late and largely ineffective government oversight of the auto industry is pretty pathetic.
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| Posted: Tue Apr 6th, 2010 02:27 am |
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5th Post |
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Mike Mitrosky Administrator 
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odanny wrote: Jeff Poor is a putz. What an idiot. The rightwing will latch onto anything to demonize Obama and a government LOAN to a private corporation. America made millions when we bailed out Chrysler? You got a link for that? Ive never heard of America ever making any kind of profit on any bailouts.. Id be interested in looking over the data. I'm doubtful the country ever breaks even on a bailout, not to mention making a profit.
____________________ "He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself." - Thomas Paine |
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| Posted: Tue Apr 6th, 2010 03:43 am |
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6th Post |
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AgentOregon Lead Administrator 
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Well...I seem to recall that the Chrysler bailout did result on a "profit" for the US gov't. And, the GM bailout might also pay back the money loaned. But it it was such a good deal, why did the government have to get involved?
____________________ Youth is fleeting but immaturity can last a lifetime. AO Democracy is the theory that the common people know what they want, and deserve to get it good and hard. H.L.Mencken |
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| Posted: Tue Apr 6th, 2010 04:34 am |
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7th Post |
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odanny Super Moderator
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AgentOregon wrote: Well...I seem to recall that the Chrysler bailout did result on a "profit" for the US gov't. I dont know if the prices were adjusted for inflation but I heard that around 300 million dollars was the amount of money the Treasury pocketed on that deal. Of course, Ronnie Reagan could spend that in a week. I remember $600.00 hammers and $1000.00 toilet seats!
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| Posted: Tue Apr 6th, 2010 10:23 am |
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8th Post |
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YOGI Member 
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odanny wrote: Jeff Poor is a putz. What an idiot. The rightwing will latch onto anything to demonize Obama and a government LOAN to a private corporation. ODANNY...WTF is this BS with your "...the U.S. government made millions when Carter kept Chrysler afloat (Reagan squandered every dime)..."!!! No wonder I continue, with me CRS, to often confuse ya wif'n BioHazard! I pray it's simple confusion on your part!!! When ya got the spare time, how 'bout listening to one who knows WTF he's talking about? http://www.youtube.com./watch?v=LUXpOZRg1sw GodBless Iacocca fer holding out fer our beloved FORD MUSTANG!!! Last edited on Tue Apr 6th, 2010 01:20 pm by YOGI |
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| Posted: Mon Apr 19th, 2010 12:07 am |
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9th Post |
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AngelaTC Member
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There'a a blogger by the name of Michael Fumento who has done quite a bit of work on the Toyota vs the government issue. I'll link his Toyota archives: http://www.fumento.com/weblog/archives/toyota/index.html
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| Posted: Mon Apr 19th, 2010 04:45 am |
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10th Post |
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AgentOregon Lead Administrator
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odanny wrote: ...I remember $600.00 hammers and $1000.00 toilet seats! Those $1000 toilet seats were special toilet seats that could withstand several G forces and could contain the shit even if the C-5 Galaxy, or whatever, did a barrel roll. A $20 WalMart toilet seat just wouldn't do the job...gnomesain?
____________________ Youth is fleeting but immaturity can last a lifetime. AO Democracy is the theory that the common people know what they want, and deserve to get it good and hard. H.L.Mencken |
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| Posted: Mon Apr 19th, 2010 01:56 pm |
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11th Post |
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Mike Mitrosky Administrator
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odanny wrote: AgentOregon wrote:Well...I seem to recall that the Chrysler bailout did result on a "profit" for the US gov't. Well that is the reality of it.. IF you adjust the prices for inflation its impossible for the country to ever see a profit. Because after all, the fed is the one creating the money and making the inflation in the first place. Country got paid back from bailouts it did in 1933 as well.. but it didnt get paid back until 1952. Russia paid back its WWII debt.. some measely dollar amount I think 10 or 20 years ago... And we still owe $2 Billion to Vietnam for war reparations I guess.. Though it would have been alot more expensive to pay that in 1975.. Now we waste that much every single day... But it wasnt good enough to spend back in 1975 to get our men back.
____________________ "He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself." - Thomas Paine |
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| Posted: Tue Apr 20th, 2010 01:39 am |
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12th Post |
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YOGI Member
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AgentOregon wrote: odanny wrote:...I remember $600.00 hammers and $1000.00 toilet seats! AO...LOL! CRS' striking but I remember 25 years ago reading about our AF spending about $8.000 per coffee maker for our transports...making it sound like our AF cudda gotten along with $50 Mr. Coffees...
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| Posted: Tue Apr 20th, 2010 01:55 am |
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13th Post |
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YOGI Member
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Mike Mitrosky wrote: odanny wrote:AgentOregon wrote:Well...I seem to recall that the Chrysler bailout did result on a "profit" for the US gov't. MIKE...WE don't OWE Viet Nam SHIT!!! There's too many body appendages, entrails, blood, bits o' body tissue, horrific memories of Americans left over there! Also...the Soviet Union was incapable of paying back what we gave them... Last edited on Tue Apr 20th, 2010 02:10 am by YOGI |
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