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Electric Cars: The Environmentally Friendly Way of Losing Money Since 2009

calrepublican only 3 of us Wrote: Dec 07, 2012 10:06 AM
What will barc-a-clause get us this year for christmas...a holiday tree no gov.of rhode island got us that. How about a fine to have a fireplace no no that is here in california. (and soon a state of no smoking anywhere) Lets see how about a huge economic slide? Maybe as a stocking stuffer. How about the end of a free world? Maybe not this year but he always has next year! I'm sure the left will be pleased and the rest of fined for the coal we got in our stockings.

A Congressional Budget Office report released in the fall 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...

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