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<blockquote data-quote="Babagounj" data-source="post: 818077" data-attributes="member: 12952"><p style="margin-left: 20px">Recently, President Obama selected General Electric CEO Jeffrey Immelt to chair his Economic Advisory Board. GE is awash in windmills waiting to be subsidized so they can provide unreliable, expensive power.</p> <p style="margin-left: 20px">Consequently, and soon after his appointment, Immelt announced that GE will buy 50,000 Volts in the next two years, or half the total produced. Assuming the corporation qualifies for the same tax credit, we (you and me) just shelled out $375,000,000 to a company to buy cars that no one else wants so that GM will not tank and produce even more cars that no one wants. And this guy is the chair of Obama's Economic Advisory Board?</p> <p style="margin-left: 20px">The heavily taxpayer-subsidized Government Motors Volt isn't just an extravagantly expensive lemon, <a href="http://www.forbes.com/2011/03/16/chevy-volt-ayn-rand-opinions-patrick-michaels_print.html" target="_blank">but a fraud</a>. Actually the Volt is a hybrid, and in many situations will burn through more gasoline than a roomier and much cheaper Honda Accord.</p> <p style="margin-left: 20px">Volt sales are anemic: 326 in December, 321 in January, and 281 in February. GM announced a production run of 100,000 in the first two years.</p> <p style="margin-left: 20px"><a href="http://www.moonbattery.com/" target="_blank">http://www.moonbattery.com/</a></p> <p style="margin-left: 20px"></p></blockquote><p></p>
[QUOTE="Babagounj, post: 818077, member: 12952"] [INDENT]Recently, President Obama selected General Electric CEO Jeffrey Immelt to chair his Economic Advisory Board. GE is awash in windmills waiting to be subsidized so they can provide unreliable, expensive power.[/INDENT][INDENT]Consequently, and soon after his appointment, Immelt announced that GE will buy 50,000 Volts in the next two years, or half the total produced. Assuming the corporation qualifies for the same tax credit, we (you and me) just shelled out $375,000,000 to a company to buy cars that no one else wants so that GM will not tank and produce even more cars that no one wants. And this guy is the chair of Obama's Economic Advisory Board? The heavily taxpayer-subsidized Government Motors Volt isn't just an extravagantly expensive lemon, [URL="http://www.forbes.com/2011/03/16/chevy-volt-ayn-rand-opinions-patrick-michaels_print.html"]but a fraud[/URL]. Actually the Volt is a hybrid, and in many situations will burn through more gasoline than a roomier and much cheaper Honda Accord. Volt sales are anemic: 326 in December, 321 in January, and 281 in February. GM announced a production run of 100,000 in the first two years. [url]http://www.moonbattery.com/[/url] [/INDENT] [/QUOTE]
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