Is the Toyota investigation a "witch hunt"?

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duflochy's picture
Joined: 03/01/2010

What do you think about Toyota having to stand before the US government when the US Government owned GM and Chrysler. I thought it was a conflict of interest and someone said the Government does not own GM and that it was only a loan to GM. Same as what Reagan did with Chrysler.

I disagree somewhat because Lee Iacoca came in with a plan that included paying the US government back. Our government stayed out of it after that. In the GM case there really wasn't a plan other than the Government taking it over and in some areas running it.

To add here the sale of the Hummer fell through just yesterday and now GM is going to just dump it and lose the money off the sale. Did this foreign investor get cold feet now that the Government is hitting Toyota so hard?

And yes I believe the trashing of Toyota right now is Union Controlled.

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