Automotive Hall of Mirrors
If unions can make government policy. And if the government owns a car company. Who’s speaking when the government attacks Toyota?
The reason our government should never conduct business, aside from being unconstitutional, is it messes up the marketplace.
The U.S. government is now in the business of manufacturing cars.
The U.S. government is also lecturing a competitor on the quality of its cars.
The number one automotive manufacturer in the world is Toyota. One reason for its success is its highly reliable engineering. Another reason has to do with its incredible attention to customer satisfaction.
Out of millions of Toyota cars manufactured, a hand full have a problem – a serious problem – with accelerators and brake pedals. Toyota is moving massively to deal with it.
How arrogant, that the owner of Government Motors would interfere.
Is this one more opportunity to crush another international corporation so that we consumers and citizens can purchase from second rate government run leftovers?
I think it’s more. With union leaders nearly taking up residence in the White House, it looks like a step toward driving out non-union competition and installing more dues-paying labor in the workforce.
This bunch of street toughs has made it clear that they’ll have their way through “the power of persuasion. And if that doesn’t work,” they say, “we’ll use the persuasion of power.”
CNBC Fast Money Commentator Guy Adami said it best: “Look for the union label… and sell.”