More Volt Subsidies?

Augh!  I can’t believe Congress will pass this, but Obama wants bigger subsidies for the Volt, bumping it up to $10,000 per car (I guess an $8,000 discount for the wealthy and pretentious just wasn’t enough…).

A couple things.  First, the Nissan Leaf is a more popular electric car and it’s not subsidized.  Why are we picking winners and losers?

Next, this is all reminiscent of stimulus.  The White House tries some expensive scheme, it doesn’t work, and the answer is more.  Will there ever be a point where one of these schemes can be declared a failure?  Are there any benchmarks for success?  There doesn’t seem to be any point where we can say “this doesn’t work” and that seems like a very bad thing to me.

Third, and as an aside, I am really coming to despise GM.  I wish the Occupy Wall Street folks would go after this sort of cronyism.

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 Bailouts, 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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s