In response to:

The Chevy Volt: Another Obama Green Investment Loses a Billion

right-side-up Wrote: Sep 11, 2012 10:27 PM
This analysis is seriously flawed. You consider all the costs -- the development costs, tooling, unit production, and marketing. But you only consider a tiny fraction of the income generated: what consumers paid to buy these cars. Producing a green car like the Volt was one of the conditions for GM to get $50 billion in government bailout money. Dividing $50 billion by 22,000 cars sold means GM received about $2.3 million per car! This may well make the Volt the most profitable car any auto company has ever made.
Matt in N.C. Wrote: Sep 11, 2012 10:49 PM
"Producing a green car like the Volt was one of the conditions for GM to get $50 billion in government bailout money. Dividing $50 billion by 22,000 cars sold means GM received about $2.3 million per car!"

But it got that money from unwilling investors, not from willing buyers. GM got a pile of money by having its government cronies take it from us, not by making profit from cars worth buying.

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...

Related Tags: Green Obama Investment