Is Toyota damaging the reputation of Japan?

On 26/04/2010 9:01 PM, dr_jeff wrote:
> TibetanMonkey, the-Monkey-with-the-Bag-of-**** wrote:
>> After all Japan is first among nations in foreign aid, hosted the
>> Kyoto Protocol, and pays the largest share of the International Court
>> (from which America is conspicuously absent), and now Toyota is
>> selling cheap (poorly engineered) cars on the one hand and SUVs on the
>> other.
>>
>> Is that fair? Eventually something will be done about it, I'm sure.
>
> Sony is doing awful, too. So are some other electronics companies. And,
> the Japanese economy has been pretty bad for the last 20 or so years.

Yep, they too tried the debt-spend-bailout mentality just like Obama.
The nick name for it is Japan's Lost Decades.

For 20 years, wages are stagenent, inflation and tax creap have lowered
the middle class wealth base. Sure, they didn't go deaper into a the
recession, but they never recovered either.

And they are still in financial trouble. Same stunt Obama is doing the
the US. The ost of the GM and other inept corporations bailouts will be
much higher cost than anyone today can imagine.

--
Socialism and statism are great as long as someone else pays for it.