Obama Transportation Secretary Ray LaHood Tells Toyota Car Owners Not to Drive Them .. Oops, I Misspoke
Oops, they did it again …
More from the Gang that could not shoot straight … Obama Secretary of Transportation yesterday told Toyota car owner not to drive their cars. Will they ever learn to choose their words more carefully?
“My advice is, if anybody owns one of these vehicles, stop driving it … “
The result was that Toyota’s stock market shares fell drastically on the news.
The latest investor exodus began during LaHood’s testimony before the House Appropriations committee.
For Toyota’s stock, the hasty and somewhat confusing clarification barely stemmed the bleeding. The shares fell as much as 8% before bouncing off the session lows to close down 6% at $73.49.
“My advice is, if anybody owns one of these vehicles, stop driving it, take it to the Toyota dealer because they believe they have the fix for it,” he said.
When will this administration ever learn that their words have consequences? They are constantly having to apologize for inappropriate comments and one’s like this where they misspoke. Look on the bright side, it is not as though LaHood told Americans not to go to Toyota like Obama did Las Vegas.
Oh, but wait … LaHood would later say that he misspoke after the damage was done.
U.S. Transportation Secretary Ray LaHood said he misspoke today when he said owners of recalled Toyota Motor Corp. vehicles should stop driving them until the company fixes a defect causing sudden acceleration.
“What I said in there was obviously a misstatement,” LaHood told reporters. “If you own one of these cars, take it to the dealer. If you are in doubt, take it to the dealer and have them fix it.”