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Even War and Rumors of War Can't Save Chevy Volt

algae Wrote: Sep 26, 2012 11:57 AM
Korea. LG Chem. With "rare earth" elements mined in China. Or, in BØ parlance, "Jobs Created or Saved". Well, he didn't specify "American" jobs :)

A new Congressional Budget Office report tells Obama what the rest of us have known for some time: Your bet on electric cars wasn’t an investment, but a gamble; a dumb gamble.

And now you’ve just come up snake eyes.

“Despite the federal government pumping $7.5 billion into the electric vehicle industry in the United States through 2019,” writes the, “overall national gasoline consumption is unlikely to be significantly affected, according to a report released by the Congressional Budget Office (CBO).”

The CBO says that even if Obama increased the amount of the subsidy, it would make little...

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