Toyota expects operating loss

[Ohio XB]

Originally Posted by phoon

I agree with you that greed by US corporate fat cats was the cause of the global collapse, but I think the point Ohio was making is correct that the aim of 9/11 was to have the same result. The unfortunate part is that the perpertrators of this disgusting act were allowed escape and instead the US government invaded Iraq ( a supposed easy target that hasnt turned into an easy target). Anyway, we also should remember that we are not doing it so tough here in Aus as a whole. The people of the USA are doing it tough along with the most of the rest of the world. It's not the average American that caused this, its the corporate fat cats and the government that would have seen this coming and did nothing in the name of capitalism. Dont the Govt understand that even that needs some restrictions for it to work. It also shows how far and reaching the health of the US economy is when a company like Toyota, who are without question one of the leanest manufacturers in the world can operate at a loss. I heard an expression that rings true, when the US economy sneezes, the rest of the world catches a cold. Regardless of what we or anyone thinks, the world requires that the US has a healthy economy.

Phoon, thanks, you are right on track. I was not blaming terrorists for the present state of the US economy. They didn't have what it takes to get their desired affect. I also agree with Peter B on the cause of the collapse; corporate CEO's and greed, as well as our government (Bill Clinton and others for the time period) deciding to make housing available to more people, even if they couldn't afford it. It was during the Clinton Administration that Sub-prime mortgages were created and approved to be executed. It was pointed out to the government several times that this was bad and had horrible consequences as a result coming from this. These warnings were even brought up from within the government.


Anyways, the US is the largest automotive market. Naturally when it tanks everyone selling cars here is going to be affected on a major scale.


BTW, the Amero is a movement by renegades as far as I am concerned. It is not something the US citizens want but I don't know about the US Gov.


Steve