One problem with letting liberals take over the government is that they have no conception of cost–benefit analysis. They see no need to worry about how much something costs, when they can just steal the money from folks they don’t like, or have Ben Bernanke conjure it out of thin air. Consequently, they don’t care if the benefits are purely theoretical, existing only in the imaginary world of moonbat ideology. When you apply this attitude to running an effectively nationalized car company, you get the Government Motors Volt, two thirds of which are not actually sold but leased:
As previously reported, many of the leases are for two year terms that can cost lessees as little as $4,000 to $5,000 out of pocket as taxpayers are on the hook for the federal subsidy of $7,500 per vehicle which goes to dealerships to lower the cost of the leases. So taxpayers are actually paying over 50% more than lessees in many instances. It is important to remember that the “cost” of a Volt does not come down because of subsidies; it is only borne by others who are paying for the subsidies.
Drivers of the Chevy Volt can expect to average about 30 to 35 miles on a charge before switching over to premium fuel. The vehicles also use a small amount of gas while in electric mode. Comparing the Volt to a fuel efficient, conventionally-powered car therefore gives evidence that the gas saved is about a gallon of gas a day under a scenario where the car is driven over 30 miles a day. So, under what would be near optimal conditions, the Volt will save under 750 gallons of gas over the span of a two year lease. That would save drivers up to almost $2,500 (at $4 a gallon for gas and 70 cents in electricity per charge) while costing taxpayers $7,500, or over $10 for every gallon of gas saved.
Believing that this massive waste of money will have any impact whatsoever on the supposedly problematic climate would require an impressive leap of faith.
In a nutshell, this is why capitalism works and socialism does not. People spend their own money wisely. Bureaucrats do not spend other people’s money wisely.
On a tip from Stormfax.