For those who can’t figure out for themselves that clueless moonbats like Barack Hussein Obama should not be entrusted to establish fascist-style de facto control over automobile manufacturers, maybe this will help:
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce. …
GM’s basic problem is that “the Volt is over-engineered and over-priced,” said Dennis Virag, president of the Michigan-based Automotive Consulting Group.
Wrong. GM’s basic problem is that it was “rescued” by Big Government. The free market would never permit wasting such massive amounts of money on a moonbatmobile that no one wants to buy. But government is run by ideological kooks who couldn’t care less about the bottom line because they can always loot more from taxpayers.
Incredibly, Democrats have been campaigning on their disastrous and highly unpopular GM bailout, which entailed dumping over $50 billion of our money into GM and then turning it over to the malignant UAW rather than letting it use bankruptcy to escape from union contracts into solvency.
That smelly brown stuff formerly known as Hope & Change will really hit the fan if Holder’s voter fraud initiative gets Obama reelected, and he goes on to “save” the food industry.
On tips from Stormfax, Wiggins, and Incitatus.