LaHood: "Do as I say, not as I do"
February 11, 2011 | By A Line of Sight
* DOT
* LaHood
* Toyota
In an astounding admission of "Do as I say, not as I do" Ray LaHood, Secretary of Transportation for the Obama Administration says, " I told my daughter that she should buy the Toyota Sienna, which she did."
The announcement is stunning for two reasons. First, the DOT under LaHood's direction conducted a tortuous, often malicious, investigation of Toyota after claims of electronic failures of the acceleration system. In February, 2010 LaHood sent shares of Toyota stock "careening of a cliff" when advised owners of Toyota's to "stop driving" them. Before a Congressional hearing, LaHood said a number of Toyota cars were "not safe" to drive, and the automaker had become "safety-deaf." At the same hearing, Akio Toyoda, the CEO of Toyota summoned from Japan, was hammered by lawmakers eager for a sound bite on the evening news, and to prove their worth to a media and public hungry for vengeance against the world's largest automaker. In the end, however, the year-long investigation found no fault with the auto maker.
Toyota was taking too much market share and GM needed more to make the "recovery" look good. This was all trumped up. BTW - Does anybody know what a corporatocracy looks like?
