Toyota's once-golden resale value gets dented

Good one McCaskey! See how multinationals control America. Brian Ross of ABC has led the way in exposing Toyota corruption and coverup. No one has had the cahounes to take on this company.

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THE INFLUENCE GAME: Toyota's Powerful DC Friends
THE INFLUENCE GAME: Toyota has friends in high places in Washington, but are they enough?
By SHARON THEIMER
The Associated Press
http://abcnews.go.com/Business/wireStory?id=9774391
WASHINGTON

The lawmakers now investigating Toyota's recall include a senator who was so eager to lure the Japanese automaker to his state that he tramped along through fields as its executives scouted plant sites, and a congresswoman who owes much of her wealth to a Toyota supplier.

They and others on the congressional committees investigating Toyota's massive recall represent states where Toyota has factories and the coveted well-paying manufacturing jobs they bring. Some members of Congress have been such cheerleaders for Toyota that the public may wonder how they can act objectively as government watchdogs for auto safety and oversight. The company's executives include a former employee of the federal agency that is supposed to oversee the automaker.

Toyota has sought to sow good will and win allies with lobbying, charitable giving, racing in the American-as-apple pie NASCAR series and, perhaps most important, creating jobs. Will those connections pay off as it tries to minimize fallout from its problems?

The Senate's lead Toyota investigator, West Virginia Democrat Jay Rockefeller, credits himself with lobbying Toyota to build a factory in his state. A member of a House investigating panel, California Rep. Jane Harman, represents the district of Toyota's U.S. headquarters and has financial ties to the company.

Rockefeller, chairman of the Senate Commerce, Science and Transportation Committee, has known Toyota's founding family since the 1960s. He was so closely involved with Toyota's selection of Buffalo, W.Va., for a factory that he slogged through cornfields with Toyota executives scouting locations and still mentions his role in the 1990s deal to this day.

"By the time Toyota decided to make Buffalo its new home," Rockefeller said in 2006 during the plant's 10th anniversary, "I felt like a full-fledged member of that site selection team."

Rockefeller's committee is expected to review whether the National Highway Traffic Safety Administration acted aggressively enough toward Toyota. The agency's new chief, David L. Strickland, worked for eight years on Rockefeller's committee as a lawyer and senior staffer.

Strickland has such close relationships with Rockefeller and other senators that Republican Sen. George LeMieux of Florida asked Strickland at his confirmation hearing two months ago whether he could disagree with Rockefeller, his former boss: "The oversight for you in your role will be from the committee that you once served on," LeMieux told him.

"I will be honest with you, sir," Strickland answered. "I've had disagreements with the chairman personally. But he signs the paycheck, and he wins. But I will have no problem with that all, sir." (MORE)

WOW - very dumb. Are they saying they would have preferred ABC keep quiet while their cars kept killing people? Certainly their prerogative, but to try to blackmail an investigative news reporter and have a chilling effect on whistleblowers? I suspect this behavior will cost them big time in sales. They are handling this ALL wrong. What is wrong with manning up and taking ownership of your mistake. They have done everything imaginable to avoid it. What other skeletons do they have in their closet?