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Dec 21 2011

$250,000 in Subsidies for Each Chevy Volt

Just how much are the highly flammable moonbatmobiles Comrade Obama chose to impose as his People’s Car costing us? More than most would imagine:

Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it — a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.

Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors’ plug-in hybrid electric vehicle. His analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently 26 percent owned by the federal government. …

“This might be the most government-supported car since the Trabant,” said Hohman, referring to the car produced by the former Communist state of East Germany.

At least there is a lesson to be learned from the Volt debacle, for those with enough sense to learn it.

“It just goes to show there are certain folks that will spend anything to get their vision of what people should do,” said State Representative Tom McMillin, R-Rochester Hills. “It’s a glaring example of the failure of central planning trying to force citizens to purchase something they may not want. … They should let the free market make those decisions.”

Even with the massive subsidies, these impractical vehicles are outrageously expensive. Who the hell buys them?

According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.

That is, we are breaking our backs to pay taxes that subsidize politically correct toys for rich moonbats. Yet for once I don’t hear Occupy Wall Street commies screeching about the 1%.

obama chevy volt
Do not buy cars from commies.

On a tip from Mike P.

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  • Tom

    That money would have been better spent by GM to develop a Camaro convertible top that doesn’t leak.

    Google that for a real eye-opener! :-(

  • TaterSalad

    Man, the Keystone Pipeline project sure looks like a winner now. Democrats look like the losers by not signing the tax extension and delaying the project.

  • metalgarth

    Something tells me most of the Volts were also purchased to be collectables not to be daily drivers.

  • Tom

    Move over 1958 Edsel; make room for the Electric Brick-on-wheels.

  • Laobag

    I’ll have a moveout.org link refuting this assertion…, ah, well that’s if they haven’t gone bankrupt. Georgie S., we need an infusion of cash before the end of the month, or I’ll hold my breath!

  • Hedgehog

    Had enough yet?

  • http://www.henrypbabcock.com Henry

    The taxpayers (The 53%) cover $250,000 for a car purchased by “The 1%” that catches on fire

    Government Motors at its finest.

  • Spider

    Isn’t it amazing, the things you can get away with when you rule a nation of weak, gullible, sheep? I’ll bet the Marxist-in-Chief asks himself everyday, “man, when will these fools catch on”?

    The scary answer? Maybe never.

  • wingmann

    T O O L S .

  • wingmann

    At least they dumped saab before it went bankrupt.

    IT’S ALWAYS ABOUT MONEY FOLKS…ALWAYS

  • wingmann

    Looks like bHUSSEINo put his touch on another business …..

    The Minus Touch.

  • Hail The Amberlamps!

    Don’t worry, when the individual mandate in AuschwitzCare is upheld by the quislings in SCOTUS, you’ll get your very own Lada, I mean Volt.

    And that’s ALL you will get. After the appropriate five or seven year waiting period of course.

  • PR

    Chevy Volts are being investigated after their batteries caught fire after collisions.
    http://www.huffingtonpost.com/2011/11/26/chevy-volt-battery-fire-electric-car-general-motors_n_1114193.html
    Can you say Ford Pinto cousin…

  • TonyD95B

    I’m starting a collection to buy lao a Chevy Volt for Christmas.

    It’s the least we can do…….

    (Sarc?)

  • TonyD95B

    RE: wingmann at December 21, 2011 at 11:32 am:

    Wingmann repeats the often-heard conventional “wisdom”, “IT’S ALWAYS ABOUT MONEY FOLKS…ALWAYS”

    I disagree. The most important decisions we make in life almost NEVER have anything to do with money.

  • Bill George

    I notice you deleted my previous comment pointing out how ridiculous and utterly irresponsible the $250,000 figure is. I guess that proves this blog is only restricted to those with the same opinion, no matter how absurd the information it cites. No wonder our country is in such a mess, buried in disinformation masquerading as fact. How can anyone believe anything any more?

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