GM Chevy Volt Halt Confirms Green Energy Policy
Made popular 1360 days ago in Business — I hate to beat a dead Edsel, but the Chevy Volt story is just too important to let slip away. After last week's announcement by General Motors that it would be temporarily halting production of the Chevy Volt due to low demand, you would think that the evidence would finally be conclusive that the over-hyped, over-subsidized vehicle is a flop. The response by GM and lack of same from the Obama-loving media is worthy of continued criticism from those of us who have recognized that taxpayers have been bilked out of billions of dollars to produce a car that does practically nothing for the environment or foreign oil dependence while being unwanted by the 99% of consumers that can not afford, nor want the car. In fact, most 1 percenters don't want the car either.

Americans should closely follow the Chevy Volt saga, as it epitomizes the crony capitalism, deception and taxpayer abuse underlying the Obama Administration's green energy policy. And while far more money has been thrown down the drain producing and subsidizing the Volt compared to Solyndra, the mainstream media has either given a positive spin to the story or laid off the story completely.

Let's again review the history of the Volt. The car was initially hyped as GM was making a case to get billions of dollars in bailout aid from the government. When Obama's Auto Task Force (which was put in charge of redistributing wealth from GM bondholders and taxpayers to UAW members) was analyzing GM's business plans, they even test drove the vehicle, which was supposedly to be a "game changer" for the company as well as a savior for the environment and foreign oil dependence.

Posted by lastbaldeagle
47 Votes
1 Comment
Green energy and the Volt total failures?
No, a lot of people made money off them.
What about Solyndra and Lightsquared? Somebody profited.
Made Obama look like he was doing something even if it was wrong.
These guys are the "Gang who couldn't shoot straight"!
2010, reelect him and shame on you! Shame on you anyhow for giving him to us the first time.
Hey, don't forget how much this helped the UAW.
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Posted 1360 days ago
0 up votes, 0 down votes
Failure is what obama is all about.
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