Ray LaHood, Republican

http://www.futureofcapitalism.com/2010/02/ray-lahood-republican

Bloomberg News has a story reminding readers that the transportation secretary, Ray LaHood, who is the bumbling general in the Obama administration's war on Toyota is a Republican former congressman. The article recounts Mr. Hood's various conflicting and contradictory statement on the situation, including his statement, subsequently retracted, that people shouldn't drive their Toyotas. It's a reminder that the problem in Washington isn't the Republicans or the Democrats, it's the politicians. The Toyota situation also going to be interesting to watch from a sheer foreign policy/diplomacy standpoint. American relations with the government of China are deteriorating over the Google hacking, the American weapons deal with Taiwan, and President Obama's scheduled meeting with His Holiness the 14th Dalai Lama. All good reasons, one might argue. But not the context in which you want to pick a big fight with the other big power in Asia, Japan, either.

by Editor  |  Feb 4, 2010 at 12:16 pm Related Topics:  Auto Industry, China, President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list