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

Andrew1554 Wrote: Sep 25, 2012 5:00 PM
Batteries need to be recharged by electricity. Electricity is made by coal, oil and natural gas by 95%, so the $5000+ premium you pay you will never get back as the batteries only last 5 or so years and only go 40 or so miles per charge. Did you know China is building 50 nuclear power plants? Would not that trillion dollars Obama wasted have been better spent building 50 nuclear power plants that would give factories an edge with low cost power? They would have cut emissions by billions of tonnes. But what did Obama do? Gave it away to prop up union jobs. Replace the community organizer; he's failed at everything he's done.

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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