In response to:

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

Dimwit Wrote: Dec 07, 2012 1:06 PM
John, my Dad told me years ago that "You have to spend money to make money". Thru trial and error I take my Dad's wisdom a little farther by saying " One also needs to be wise on spending your money". I have been self-employed most of my life and have learned the hard way on allot of issues. Do you think it is too late to send our President to the school of hard knots???

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 CSMonitor.com, “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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