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

Seawolf Wrote: Dec 07, 2012 9:23 AM
What gets me is that we have all this evidence that obama and his minions are out to destroy this nation and nobody calls the ball..We have Chu with his statement, obama with his "electric rates will skyrocket" "I will bankrupt anyone trying to build a new coal plant" etc etc and all we hear is crickets. If McCain/Palin/Romney's energy plan were adopted, all of this would be MOOT..where are our "leaders" ?Impeach the SOB over Benghazi, enough of this AA experiment, you got a commie in there who hid behind the race card to get elected in the first place. Once was enough, but TWICE? Are we that stupid?

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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