TTAC: The Return Of Japan Bashing: Ornery Lobbyist Group Steps Up Anti-Japanese Rhetoric

cwerdna · Aug 23, 2012

The Return Of Japan Bashing: Ornery Lobbyist Group Steps Up Anti-Japanese Rhetoric | The Truth About Cars

The American Automotive Policy Council does not want Japan to be part of a free trade pact with America and other countries. The lobbying arm of Chrysler, Ford and GM published a study that claims that “including Japan in the Trans-Pacific Partnership (TPP) free trade agreement combined with allowing Japan to continue to manipulate its currency could put 90,000 American auto jobs at risk.”...
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I agree that AAPC's claim below is TOTAL BS.

The AAPC banks on the illiteracy of Americans when it comes to foreign currencies. The AAPC has the gall to claim that Japan uses “currency manipulation to gain an unfair competitive advantage” while the Japanese yen is at unsustainable levels that drive Japanese auto manufacturers out of their own country.
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The current yen/dollar exchange rate is killing Japanese automakers.

To quote from a comment to the article:

It takes an truly idiotic entity or organization (or individual) to make a claim of Japanese manipulation of their currency when the dollar buys 79 yen today versus 135 yen a decade ago (hence Japanese manufacturing moving to the U.S.). The UAW not only has no credibility, they are now so desperate for attention that they’re willing to throw ripe melons right over home plate.
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TTAC: The Return Of Japan Bashing: Ornery Lobbyist Group Steps Up Anti-Japanese Rhetoric

cwerdna Senior Member

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TTAC: The Return Of Japan Bashing: Ornery Lobbyist Group Steps Up Anti-Japanese Rhetoric

cwerdna Senior Member