Quote:
Originally Posted by BBQMan
The Dems are determined to keep shelling out the cash, despite the lessons of Solyndra and the Volt. Solyndra cost the taxpayers around $500,000,000. Volt sales have yet to reach 4,000 in total. GM was provided a subsidy of $250 million to develop and bring the Volt into production. The Korean company that makes the batteries received $140 million.
The Volt sells for $40,000 and the buyer is provided a US Govt paid rebate of $7,500. The end result is that each Volt produced to date has cost its owner $32,000 and the US taxpayer $140,000. It seems to me that the Republican congress is acting responsibly in stopping money from continuing to be poured down this rathole. The spoiled brats are the Dems who are mad because someone is threatening to put an end to their drunken spending spree.
|
This is a perfect example of slanting numbers for a political agenda.
The Volt has been ramping up production. It's like declaring it a failure becase it was only being sold in 13 states *as planned*. They built 4300 Volts before shutting the plant down in June to retool so that their manufacturing capacity would increase to 60,000 per year for 2012.
Once again, the trend of being ever more myopic shows itself. Just like corporations who only look to the next quarter's numbers, people can't look past the immediate here and now.