TOYOTA OUGHTA FIX THAT GAS PEDAL: Should Federal Government tell Automaker ho to Conduct Business or should Market Forces Fix the Problem
TOYOTA OUGHTA FIX THAT GAS PEDAL: Should Federal Government tell Automaker ho to Conduct Business or should Market Forces Fix the Problem
The Obama administration's Transportation Secretary is now backtracking on comments he made surrounding recalled Toyota vehicles.
During a House panel meeting, Ray LaHood said he would advise owners of such vehicles to stop driving them. This was interpreted by some to mean that the Federal government was increasing the pressure on the Japanese automaker while implying that it would be mandatory for owners of faulty vehicles to head for the dealership before continuing to drive them.
Already very skeptical of big government influence and motives, Bob Rinear, president and founder of InvestYourself, takes the view that any problem that exists would best be solved by the free market itself. “Market forces are very powerful,” Rinear says “and when you have a powerful federal government unnecessarily affecting those forces, nothing good usually comes from it.”
Rinear points to LaHood's comments as evidence. “LaHood had to clarify his comments for a reason,” Rinear said. The issue of the gas pedal is a serious one to be sure. However, causing undue concern, worry and anxiety for private citizens and businesses that already have a stake in resolving the problem shouldn't be the business of the federal government.
THE FOLLOWING ARTICLE MAY BE HELPFUL DURING SHOW PREP:
http://wcbstv.com/local/stop.driving.toyotas.2.1467177.html
ABOUT ROBERT (BOB) RINEAR (pronounced reh-NEAR):
InvestYourself was founded in October 1997 by Robert Rinear, who owned several successful business ventures primarily in the jewelry industry. In fact, his introduction to the financial world began as the result of his experience timing the price of tangible assets, including gemstones, gold and silver, all on a daily basis—a talent critically needed to be successful in the jewelry industry.
As Bob Rinear saw the price of gold soaring in the late 1980s, he needed to find the causes of that move. What he found was intriguing. Political issues, global economics and even something as simple as the industrial output in Japan would move the price of tangible assets. He needed to learn more.
As he became more “in tune” with the global economic process, he noticed that one of his best customers traded stocks and options on a daily basis. With Mr. Rinear’s views on the overall economic situation and “Charley’s” ability in picking stocks, they found a winning combination. But it still wasn't complete.
Once introduced to the intricacies of the equity markets, it didn’t take Mr. Rinear long to realize that he had a knack for predicting the everyday flows of the stock and options markets. He began to attend trading seminars and training camps with the desire to learn how to make profitable trades on a daily basis.
One thing became abundantly clear—none of the classes gave him the total picture about how to accomplish his goal. Something was still missing in regards to how to make a living by trading stocks and options. Likewise, he realized that not all opportunities came in just stocks and options. Sometimes it was a quick move in precious metals or Treasury bonds. Other times it may have been a move in a currency.
Not to be defeated, Mr. Rinear slowly developed his own trading style that began to produce profits. After taking what he learned from the seminars and injecting his own methods of calculating stock movements, options movements, currency, real estate and Treasury movements, a successful concept emerged. He expanded this trading concept into a workable platform that anyone could follow. That was the beginning of his newsletter “Market Insight & Outlook” (now the Financial Intelligence Report). From those first few issues it became clear that the public would benefit from his years of research. He decided to offer it to the masses.
From that humble beginning a company called “InvestYourself” was created. Its main goal is to help investors of every experience level gain the investing knowledge necessary to win in a tough game that includes enabling investors to grow in their knowledge of real estate, stocks, bonds and finances in general.
To schedule an interview with BOB RINEAR, call: 630-848-0750.