This is getting redundant.
If you want investment losses for tax purposes, Barack Obama is your guy.
Now, if the country could only figure out how to write off the five trillion dollars we’ve lost during his presidency. As the man said: A billion here and a billion there, and pretty soon were talking about Barack Obama.
Readers of my column know that there are few things that I dislike more than the Chevy Volt. I don’t like the inflated claims that government-corporate elites make about it; I don’t like that it costs more than a normal car to keep it driving; I don’t like that European journalists gave it the automotive equivalent of the Nobel prize for engineering; I don’t like that it catches fire; or that the Volt’s voltage puts first responders at danger at accident scenes because engineers didn’t think about safety for first responders.
No, instead they only considered Obama’s desire to put one million electric vehicles on the road no matter what the cost.
Today, I’m very pleased to announce that I have a new reason to dislike the Volt.
And it’s probably the best reason of all.
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The Chevy Volt costs close to $90,000 to manufacture while it retails for $40,000 according to information gathered by Reuters.
“Nearly two years after the introduction of the path-breaking plug-in hybrid,” writes Reuters, “GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.”