How Toyota is Doing Fat-Cat Bankers a Favor

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For those who are grilling Toyota, even with all their current problems, statistics will show that they are safer than most other cars, and more reliable.

For those who say Toyota's make cheap crap, I have a Mercedes SL500, and I've found that the only reason Mercedes "last forever" is because you have to keep replacing their parts. I've spent so much money, and new problems keep on coming.

For those who think that this is the most atrocious recall, look to Ford a few years ago with problems on their tires: They recalled MORE vehicles, and they DENIED problems for a long time. And, in percentage terms, they recalled more vehicles many times over than Toyota.

For those who think that bashing Toyota is somehow good for America, talk to the Mayors and Senators of cities and states that are manufacturing bases for Toyota. An NPR interview with one Mayor said that the money Toyota has injected into his city is massive, and that the reaction to Toyota is over blown, and out of proportion when compared to the Ford tire recalls.

For those who think that only Toyota is recalling vehicles, look to companies who are now recalling their vehicles under deceptive names to avoid the same media crackdown that Toyota is experiencing.

JS of MA 11:07PM February 27, 2010

The banking "crisis" and poor economy were created from greed - your greed. The congress (controlled by the left) insisted that loans be given to people with poor credit and lousy money management (if any) skills. SO we embark on a buying glut exactly like the dot com foolishness - all created by some "we know best" leftist because even poor people should be allowed to buy a house - even if they can't afford to. Banks fault? I don't think so, not if their hand was (and it was) forced by those idiots in DC.

Then there's Toyota. Totally in control of their product and poster child for cheap crappy little cars. They ignore faults that have killed people and are grossly negligent yet WE should cry about a banker getting a bonus. Screw toyota. Their CEOs and VPs should be put in jail - for killing people.

Eddy J of WV 8:01PM February 27, 2010

Toyota was no longer the head superman in the world car, specifically economic and price-dominator car market.

wa~

I just wanna say if it do nor regret and deliberately consider its current dilemma, the 'cute' crisis created by the smart managers and 'clever' tactical strategies will lose their glamor forever.

Asia, still many problems to be cover.

Jane 10:58AM February 27, 2010

many of us do drive toyotas rather than those atrocious gms or fords.

now the news regarding toyota should not eclipse the money these incompetent or evil banking fat cats are doing to this country. they should not get away wth this and something ought to be done about them.

I am sure if they are not punished in their lifetime they will have all of eternity to think about their egregious mistake, but until then, many americans will be forced to gnash their teeth and shake their fists as these undeserving famous for no good reason fat cats go laughing to their mansions.

is hell hot enough for u of DE 10:12AM February 27, 2010

Most of us don't have a Toyota, and most of us have never had a gas pedal stick or an engine computer go nuts. Nor do we expect to. Nor do we need Congress wasting its time on this. Lawsuits will suffice just fine. Congress not needed.

Nearly all of us are getting from nothing to peanuts on little or (not-so-little) bank account balances. Why EXACTLY is that while bonuses are paid to the moon?

Oh, I know it's said to be "trading profits". Who traded what and how to create this outrage? And who were the losing counter-parties to those trades? Betcha a cookie it was you and me for that too---directly or indirectly.

Muser of NM 4:36PM February 24, 2010

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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