The Latest Toyota Recall


Columnist Ron Hart writes in The OC Register:

Toyota has also recalled that sanctimonious, smug look Prius drivers wear when they talk about how they are saving the earth, one trip to yoga class at a time! On the bright side, liberals are now victims, and they love that about as much.

In fact, this problem with electronic braking came about because of federal pressure through CAFE standards, forcing manufacturers to make lighter cars. As they often do, politicians point their fingers at Big Bad Business. Now a memo has come to light showing that Toyota cut a deal with its Washington regulators on the braking issue last year. As is often the case when politicians point fingers, at least three fingers are pointing right back at them.

The stark reality is that the industries we have had the most difficulty with – banking, insurance, airlines, mortgage lending, and now car companies – are the most regulated. Less regulated businesses that are more sensitive to market demands, like Wal-Mart, Coke, Google, Caterpillar and Home Depot, are doing fine.

More here.