So, now that we are a year past the great Toyota Driving Scare, how do we make right for a company legally doing business in our country the damage inflicted on it by an Executive Branch and media run amok? Nasa, recently concluded their investigation into Toyota’s breaking system, and found nothing wrong with either the design nor construction of Toyota automobiles. There were a lot of us, listening to those frantic 911 calls of people suddenly careening down highways, that said immediately, this sounds fishy. Those cars come without neutral, ignitions, emergency breaks, or drivers with working grey matter? Our national media, which enjoys creating crises in order to have something sensational to report was having a blast. Toyota executives were hauled in front of Congress and subsequently fined $33 Million. It should be pointed out, that Toyota, a foreign company, employs 200,000 Americans. Toyota provides those Americans with good wages, benefits including health care, retirement plans, vision, dental, and pre-paid legal. Where does Toyota go to get back her well deserved and wrongly appropriated $33 Million? Where does Toyota go to get her good will back. For well over a year, Toyota’s reputation has been dragged through the mud, which by the way cost the car company 2% of the American market share.
Putting aside for the moment the fact that the Executive Branch had and still has a huge conflict of interest in terms of its witch hunt regarding any car company. (The Federal Government is now the principal share holder in Toyota’s competitors, Chrysler and GM.) Is this what Barak Obama means when he claimed to the U.S. Chamber of Commerce, which by the way claims Toyota as a member, that we are creating the best place in the world to run a business? What will be the cost for Americans if we continue to beat up on the 18 other car companies doing business in America which are not Chrysler or GM? We will continue to subsidize those two companies to build cars which nobody wants to drive. We will cost the productive employees their jobs and rob them of their ability to earn a living. We will force many Americans to pay the inflated costs of cars they don’t want, either through direct purchase price or through tax subsidy. Most egregious of all, we run the very real risk of other companies who wish to do business with us opting not to do so. Toyota and BP are the two greatest examples of foreign companies who have faced the wrath of the Obama Executive Branch. How do you thing our economy will fare should they take their toys and go home? This reckless regulation from the hip is robbing wealth from all of us as well. We need to make a change in November of 2012. This President needs to be fired, before his assault on the free market system becomes successful.
Crossposted at Musings of a Mad Conservative.
Rodan Note: Due to the changing situation in Egypt, commentators can be free to discuss it and provide links.
Tags: regulation
