Chevy Volt: An Even Bigger Loser

I’ve written before about the Volt subsidies but this new study, which accounts for all the upstream subsidies to GM supplier for Volt parts is astounding, if true, estimating that the total taxpayer subsidies per Volt may amount to as much as $250,000.  Yes, that’s per Volt.

Mama mia!

Oh yeah, and GM estimates it’s sold 6,000 Volts so far.  I suspect mostly to the government – wonder if government purchase of Volts was figured into the equation?


About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
This entry was posted in Big government, conservative politics, news politics, political issues and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s