Tuesday, February 23, 2010

Toyota and the Obama Administration

You know, I've been wondering whether something like this would come up.  File this one under 'things aren't always what they appear.'  I don't know whether it's true or not, but all of the sudden focus on Toyoto seemed too much and at such a 'convenient' time for GM and for the Obama administration in its attempt to cow the new reformist government in Japan.  From Wayne Madsen:
The Obama administration has expanded its economic warfare against other countries, first reported on January 18 by WMR in the case of an authorized financial campaign against Venezuela. The Obama administration, according to WMR’s Asian sources, is waging an economic warfare campaign, coupled with industrial sabotage, against Japan through a pre-planned operation directed against the Japanese automobile manufacturer, Toyota.

WMR has learned that the Obama administration authorized the anti-Toyota campaign as a warning shot to Japan over its reformist government’s insistence that the U.S. pull its military troops out of Okinawa. WMR has learned that Obama and his chief of staff, Rahm Emanuel, have decided to turn the screws on Japan, not only for auto market leverage, but also to punish Japan over the insistence by Prime Minister Yukio Hatoyama and the newly-elected anti-U.S. military mayor of Nago on Okinawa to move the U.S. military off of Okinawa.

Transportation Secretary Ray LaHood, a former congressman from Peoria, Illinois, and who is owned and operated by Peoria-based Caterpillar, whose major competitor is Japan’s Kubota Tractor Corporation, kicked off the anti-Toyota campaign when he stated that all Toyoya owners should stop driving their vehicles and return them to the dealership for a fix. LaHood was referring to a problem with some uncontrolled acceleration problems with some Toyota vehicles. However, LaHood painted a wide brush in his comments about Toyotas when the problem, which resulted in a voluntary recall of millions of Toyota vehicles, including the popular Camry and Corolla, by the Japanese auto giant, affected only a small fraction of Toyota vehicles. LaHood has also threatened Toyota with unspecified civil penalties.

Asian intelligence agencies have discovered that LaHood was implementing a White House operation to grab a major portion of Toyota’s market share and hand it over the General Motors and Ford. The Obama administration, through its bailout of GM, has become a virtual auto company and, therefore, is playing economic hardball with Japan. Ford also benefited from the Obama administration’s stimulus package. The chief architects of the anti-Toyota campaign, according to our sources, are Treasury Secretary Tim Geithner and White House Chief of Staff Emanuel.

By increasing GM’s viability at the expense of Toyota, Geithner sees a potential windfall when the federal government sells its share of GM stock to the public. The corporate media have played along with the Obama administration’s anti-Toyota and anti-Japan operation by hyping the safety issues with Toyota’s vehicles, especially the popular Prius hybrid vehicle. The Obama administration has decided on economic warfare against Toyota to restore GM as the world’s number one auto manufacturer, a position enjoyed by GM until 2007 when Toyota overtook it in sales.

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