If Toyota and Honda are now considered American companies, why did taxpayers

Senor Magoo

New member
purchase General Motors? Shouldn't we be rewarding the best American companies, not the worst?

After all, Toyota's are made here so they are not a Japanese company any more after all, hmm? To hear some of you tell it.

Even after hundreds of billions spent bailing out, then purchasing General Motors & Chrysler after screwing all the corporate bondholders, the Obama administration has bought a company that cannot compete in the marketplace.
Well when I pointed out earlier that 8 of the top 10 "cash for clunkers" purchases were Japanese or Koreans makes, some tried to argue no, they are really American companies since they are built here ... so which is it?
 
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