American Elephants

The Defense Dept. Will Buy Volts, Instead of Military Equipment, to Make Obama Look Good. by The Elephant's Child

Today, GM’s Volt electric car is much in the news because GM is losing up to $49,000 on every Volt it builds.( This doesn’t sound right!) They have sold only 13,500 Volts this year, 33.75% of it’s 40,000 goal. Even at that, hardly anyone wants to buy one. Such a dilemma. The “Optics” are very bad for Democrats who have just proclaimed GM being “alive” as one of the Obama administration’s great triumphs.

GM’s reluctant initial investment in the Volt was over $1 billion. Since it’s release on the market, the company has spent even more trying to re-engineer the vehicle to keep it from catching fire when charging overnight. Most inconvenient for the buyers who were apt to lose their garages as well as the car.

But not to worry, the Obama administration is going to help out General Motors again by buying up its struggling line of electric cars for the Department of Defense to “green up” the military, at the Volt’s baseline price of $39,995.  The DOD plans to buy 1,500 Volts for $60,000,000 + tax. This is not an addition to the DOD budget, so it will displace some other military equipment purchases. Brilliant, positively brilliant.  And, of course add in the amount that GM is losing on each car. Obama simply can’t stop spending, nor sending good money after bad.

GM is investing $10.5 million in their Florida retirement community that will run entirely with Volts — instead of golf carts? Burn up the old folks?

They told us that math wasn’t Obama’s strong suit, but really…

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