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Why Doesn't Toyota USA Need A Bailout?
Nietzsche is Dead ^ | 12 Nov 08 | foutsc

Posted on 11/12/2008 11:41:02 AM PST by foutsc

So the Big Three are asking for a government handout... You should write your representatives and ask them this question:

Why are the Big Three going broke and asking for taxpayer money while Toyota USA is expanding?
Ford, GM and Chrysler have become as sclerotic as the liberal states that host them. Like the failed state of Michigan, the Big Three promised goodies to the masses and now they have the gall to ask the American taxpayer to fund their generosity. Note to nanny-state liberals (in government and on corporate boards): It's not generosity when you do it with other people's money!

If you want to get mad, go read this WSJ article about how GM pays people to not work. Speaker Pelosi is worried about excessive executive pay when she should be focusing on excessive executive stupidity.

So why isn't Toyota in trouble? Pro-union folks will tell you it's because down south they are able to exploit their workers. Well, maybe Detroit didn't exploit its workers, but it's now extorting money from the entire country as a reward. Despite what Democrats tell us, our nation does not have one uniform economic policy. Each state and locality employs distinct taxation, employment and business laws that affect employment rates and wages. We can study these various economies to learn what works and what doesn't. People in Illinois, Ohio and Michigan can tell you that things ain't workin' there. Is it President Bush's fault, or is it the fault of corruption, high taxation, and business unfriendly state governments?

Professor Phil Gramm points the finger at dysfunctional state governments:

Business conditions were better in the successful states than in the lagging ones. Capital and labor gravitated to where the burdens were smaller and the opportunities greater.

No one should let Michigan politicians blame their problems solely on the decline of the U.S. auto industry.

Yes, Michigan lost 83,000 auto manufacturing jobs during the past decade and a half, but more than 91,000 new auto manufacturing jobs sprung up in Alabama, Tennessee, Kentucky, Georgia, North Carolina, South Carolina, Virginia and Texas.

The facts show that soak the rich policies, over-regulation, and yes, overreaching unions, destroy jobs. States like Ohio and Michigan have only their failed liberal policies to blame. And the same can be said for the welfare queens who run the Big Three: They overpromised and undersold on pensions and benefits. You can pile the goodies sky high, but somebody has to pay the bill. Toyota knows this, as does Texas, Tennessee, and Florida.

Liberal Democrats and the press (but I repeat myself) will be trying to convince you otherwise. Arm yourself against their economic nonsense by going here and reading the entire article on state economies. I also recommend you read everything written by the erudite and highly entertaining economics professor Walter E. Williams. Here is a quote from his web site:

"We hang the petty thieves and appoint the great ones to public office." -- Aesop
Walter E. Williams home page: http://www.gmu.edu/departments/economics/wew/

Gramm Article on State Economieshttp://online.wsj.com/article/SB122126282034130461.html?mod=opinion_main_commentaries


TOPICS: Business/Economy; Government; Politics
KEYWORDS: aflcio; automakers; bailout; bho2008; bigthree; cardcheck; chicagomob; chrysler; congress; democrats; economy; environmentalists; ford; gm; hoffa; honda; michigan; nissan; obama; pelosi; reid; seiu; taxes; teamsters; toyota; uaw; unions
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To: Red_Devil 232

“Yep! My next truck will be a MS built Nissan or TX built Toyota”

Might want to check into that. They were having problems with the Nissans from MS. The TN-built ones are OK, though.

The TX built Toyotas were ( last I heard) just the Tundra. They shut that plant for 90 days because the demand for large trucks has fallen some (fuel prices, of course).


61 posted on 11/12/2008 12:42:37 PM PST by Mr Inviso

To: foutsc

The solution, of course, is to give every American family the funds to buy a GM/Ford auto or truck, but with the caveat to take out an auto/truck loan thru a financial institution we bailed out, and to insure thru AIG ... then at least we’d have SOMETHING for what we’re paying for ;)


62 posted on 11/12/2008 12:43:39 PM PST by EDINVA

To: Toddsterpatriot

Funny stuff, enjoy working the ‘send American capital abroad’ circuit. It pays well from what I understand.


63 posted on 11/12/2008 12:49:20 PM PST by allmost

To: Mr Inviso

Yeah, but I will not be in the market for another truck for a few years .... I hope:)


64 posted on 11/12/2008 12:50:11 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)

To: allmost
Enjoy your poor math skills, that’ll help America compete.
65 posted on 11/12/2008 12:50:24 PM PST by Toddsterpatriot (Do you remember when blue was a feeling, gray was a word and one was a number...)

To: SkyDancer

The gas engine is a small block 4 cylinder engine. In my Camry, the gas engine works with the electric as determined by the needs of the vehicle. Driving on the highway is what some refer to as “pulse and coast”. At highway speeds the electric kicks in to assist the gas when more power is needed. The gas is about 155 hp and the electric is 40 with a lot of torque. What you see on the flats and downhills is the gas engine will idle to maintain speed (works out to 60 MPG). On long trips from western Ohio to Duluth, MN, or State College, PA, Bristol, VA I have gotten around 41 MPG. In town I get about 33-34 as advertized. Sometimes better depending on timing the lights and in areas where there is no traffic. I am very happy with the Camry Hybrid.

Toyota and Nissan share technology so the Toyota Hybrid Synergy technology is married up to a Nissan continuously variable tranny. That means the Toyota Camry Hybrid and the Nissan Altima Hybrid are basically cousins where the only difference is the 4 cylinder gas motor and the battery supplier. Note you still need a normal car battery for the gas motor in the hybrid. The Nissan has better acceleration, I’m told, but when I bought mine they weren’t selling the Altima Hybrid outside of New Yalk and Cal-e-fornia. The Camry is made in Kentucky.


66 posted on 11/12/2008 12:51:28 PM PST by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15)

To: Toddsterpatriot

Nice comeback.Enjoy.


67 posted on 11/12/2008 12:53:24 PM PST by allmost

To: Gator113

I know someone who survived the Bataan Death March and 3+ years in a Japanese POW camp. When he bought a Japanese car, that was a sign that WWII was really over.


68 posted on 11/12/2008 12:54:09 PM PST by Verginius Rufus

To: nascarnation

Thank you.. I found a boatload ! also disturbing


69 posted on 11/12/2008 12:54:47 PM PST by Eagle50AE (Pray for our Armed Forces. Go Palin 2012)

To: Mr Inviso

Where do they make the Tacoma’s.
Are they still made in Japan ?
I have had two. I suspect the 1988 (I sold in 1999 with 120k miles)is still running somewhere in the world, probably Afganistan.
I will buy a third.
Also , my wife loves her Honda Oddessy(sp?)mini van.
The ECO drive six cylinder gets pretty good milage too.
We also have had a Honda Civic and a Lexus SC400. They were the best used cars I have ever owned. The Lexus was the only car I have ever owned that I sold for more than I paid for it


70 posted on 11/12/2008 1:24:42 PM PST by woodbutcher1963

To: Verginius Rufus

That is certainly telling.

My grandfather,rest his soul, served in WWII and did 20 years in the Navy. He was truly a great man. In his day, he would not have wanted me to had bought anything not made in USA..... that’s almost impossible in todays world.


71 posted on 11/12/2008 1:32:43 PM PST by Gator113 ("Noli nothis permittere te terere.")

To: 1rudeboy

The model works. Look at the forex manipulation and tell me you think it’s fair.


72 posted on 11/12/2008 1:53:43 PM PST by allmost

To: allmost

Look at the Japanese economy and tell me you think it works.


73 posted on 11/12/2008 1:55:43 PM PST by 1rudeboy

To: 1rudeboy
Buy into it, if you dare.
:)
74 posted on 11/12/2008 1:56:53 PM PST by allmost

To: foutsc

I’m going to go way out on a limb and say it’s because Toyota and Honda build cars people want to buy, and GM and Ford do not.


75 posted on 11/12/2008 1:57:05 PM PST by Non-Sequitur

To: Non-Sequitur

GM and Ford were catering to the alien crowd.


76 posted on 11/12/2008 1:58:50 PM PST by allmost

To: Non-Sequitur

I think it has to do with Toyota and Honda not having unions and GM and Ford, having large blood sucking unions


77 posted on 11/12/2008 2:00:25 PM PST by Gone_Postal (We are not interested in the possibilities of defeat)

To: Gone_Postal
I think it has to do with Toyota and Honda not having unions and GM and Ford, having large blood sucking unions

GM and Ford had those large, blood sucking unions back in 2003 and 2004 and 2005 when they were earning several billion per year in profits. The difference between then and now is that now they're still turning out the Expeditions and the Escalades and nobody is buying them. Their products are not in demand and their design is poor and out of date. The fault for that lays in management and not the unions.

78 posted on 11/12/2008 2:07:10 PM PST by Non-Sequitur

To: foutsc

UNIONS


79 posted on 11/12/2008 2:30:50 PM PST by yazoo

To: NorCoGOP

Let me tell you why.I’m in the market for a new track.I compared 2 of them.GMC Canyon and Toyota Tacoma.Same options.GM costs $3000 more,poor quality,bad resale value.Any questions?


80 posted on 11/12/2008 2:47:30 PM PST by QQQQ


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