Chevy Volt is Automotive Version of Solyndra - CleanMPG Forums

Chevy Volt is Automotive Version of SolyndraMark Modica - NLPC - 9/15/2011

The story of bankrupt solar company, Solyndra, has turned into a major scandal for the Obama Administration as questions arise about the government's free spending of taxpayer money on failing so-called green initiatives. A $535 million federal loan was initially rushed through for the company as Obama touted Solyndra as being a prime example of how the bold new green-energy driven economy would create jobs while saving the environment. Now the results bring into question how dangerous the green economy strategy may be.

1,100 jobs were created at Solyndra at a cost to taxpayers of about half a million dollars per job. Both the jobs and the money are now gone. White House Press Secretary, Jay Carney, dismissed the failure by pointing out that there are no guarantees in the business world.

Well here's a novel thought; ventures that are getting taxpayer money poured into them should actually be able to make a profit and eventually stand on their own. Dumping billions of taxpayer dollars into money losing green ideas like Solyndra, as well as on the dismally selling Chevy Volt, does nothing to help the economy or the environment.

A recent Reuters' article points out that the auto industry is relying on fleets to support sales of plug-in vehicles like the Chevy Volt. In a nutshell, this means that government agencies (along with cronies at GE) will use taxpayer funds to purchase Chevy Volts that have been widely rejected by retail consumers. All to support a vehicle that was developed using billions of dollars of that same taxpayer money. Not even the most na?ve, green energy supporting apologist for the Volt can legitimately debate that the car is not profitable for General Motors.

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Source: http://www.cleanmpg.com/forums/showthread.php?t=40853

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