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  • dontmesswithtexasrev1 dontmesswithtexasrev1 Jan 28, 2010 11:46 AM Flag

    Toyota Incentive is Illegal

    You watch. It will be in district court before the end of the day. As a tax payer, GM stealing that TARP money to pay off Toyota customers shows what kind of people are running the show. They're all corrupt! Anyway, not ever dealing with any company that took TARP, bank included. They're weak and are going to die off anyway.

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    • Nothing is illegal in obamaland except working to support your own family

    • i guess maybe just maybe you learned something today. What a blessing knowledge is.

    • Oh and here is another news flash to think about. All you talk about are all these foreign car companies. Hmmmm. lets think what countries they come from. Hmmmm. Korea wow the Us saved part of the country from communism. Where do you think the money came from to save those people from there crooked rulers. From an America that produced goods. Are you starting to get it. Is the fog lifting. It not your fault you were not taught history.

    • You answered your own question. Washington and our brilliant government that has forgot about our constitution shouldnt have given a dime to them. How much does the Japanese gov give to GM and Ford. Your really not this stupid are you.

    • oh I don't know...What part of buying 1000 shares of TM doesn't give you "ownership" don't you understand?

      If you mean did the US government invest tax money to the tune of $60 billion in Toyota as the test to see what is American Owned and what is not, I suppose in that case GM comes up on top Red White and Blue. All American owned, all yours!!
      Ford then is not American owned, either.

      If you guys would get away from trying to compete with Toyota and Honda and Hyundai by false Patriotic drum beating and instead competed with them conventionally, it may be more effective.

    • What law does it break?

      • 2 Replies to bobb1ehead
      • The Japanese closed market law.

        Last Updated: December 10. 2009 2:27PM
        Detroit automakers call Japan's 'clunkers' program discriminatory
        David Shepardson / Detroit News Washington Bureau
        Washington -- Detroit's Big Three automakers urged the U.S. government to
        take action over what they call Japan's unfair "cash for clunkers" program.

        The U.S. government said it was raising the issue with its Japanese
        counterparts and agreed that changes must be made.

        In a letter to the deputy U.S. Trade Representative, General Motors Co.,
        Ford Motor Co. and Chrysler Group LLC called the program "another example of
        Japan continuing efforts to discriminate against imported vehicles."

        The program makes "the vast majority of imports ineligible for the program's
        significant tax cut benefit, regardless of the vehicle's fuel efficiency."

        Japan is providing up to a ¥250,000 ($2,830) tax cut for scrapping a car 13
        years old or older toward the purchase of a new vehicle as long as it meets
        the 2010 fuel efficiency requirements and a ¥100,000 ($1,130) incentive for
        new vehicle purchasers who do not scrap a vehicle.

        While 87 percent of Japanese-built vehicles are eligible, no U.S. vehicles
        are eligible because of special import rules.

        Carol Guthrie, a spokewoman for the U.S. Trade Representative, said the
        government was working to address the issue. "USTR is continuing to raise
        this issue with the Japanese government. Our position remains that changes
        are necessary to give U.S. vehicles greater opportunity to qualify under
        Japan's program," Guthrie said today.

        Detroit's automakers noted that Japanese automakers exceeded their market
        share and enjoyed nearly half of the U.S. government's $3 billion Car
        Allowance Rebate System (CARS) program.

      • "They are hurting my feelings" law.

    • The public at large has long been aware of the integrity of car sales/manufacturers people.