Monday, February 22, 2010
Gambling in the casino
Commenting on the revelation that Toyota lobbied to narrow the scope of some recalls to save the company money:
Kurt Bardella, a spokesman for Rep. Darrell Issa, R-Calif., the top Republican on the Oversight Committee, said the documents raise questions on "whether Toyota was lobbying for less rigid actions from regulators to protect their bottom line."Nothing like faux outrage over capitalists being capitalists, especially from especially pro-business Republicans. I mean, when has this kind of thing ever happened before? Other than in the pharmaceutical, oil, weapons, banking, and insurance industries (and every single other industry I can think of)?
I titled this post "gambling in the casino," but for industries bribing legislators and regulators to better their bottom lines, it's really not a gamble at all, just an investment. The only "gamble" is what they're doing with the lives of their customers.
