Obama Motors’ $41,000 fiasco.
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This has been tried before, too — back in the '90s — when GM leased the EV1 for about the same coin. It didn’t work out so good then, either — despite a booming economy and 3-4 percent unemployment.
That’s what makes this whole thing such a pisser.
By what bizarro logic does GM think the same basic concept — a luxury-priced electric car — will appeal to other than a relative handful of affluent buyers eager to flaunt how “green” they are? And if only a handful of such people buy this green lemon, how does that save fuel, or the planet?
It’s the Porsche model turned upside down.
Affluent buyers esteem Porsches and are willing to pay exotic money for them because a Porsche delivers exotic high-performance acceleration and handling. But the Volt just delivers an exotic price tag in return for high fuel-efficiency to buyers who by definition are in a position to not have to worry much about the cost of fuel.
Porsche also doesn’t need federal subsidies to move its inventory. GM does. To the tune of $7,500 in tax breaks per car. (Bankrupt state governments are also offering their own “incentives,” though how they’ll pay for them no one seems to know.)
GM says it expects to sell (that is, rent) 10,000 Volt the first year out. There may be just about that many eggheads in Hollywood and D.C. to fill that quota, too.
Your tax dollars at work.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?