Taxpayers To Get Charged As Pentagon Buys Up Chevy Volts


How many reports do you think we will see telling US that GM sales are up while neglecting the fact the government is the buyer. This reeks of crony capitalism.


The Chevy Volt, the plug-in car that has been plagued by sluggish sales and  mounting losses since General Motors rolled it out in 2010, has one  deep-pocketed customer: the Pentagon.

The Department of Defense is planning to purchase 1,500 electric cars including Volts as part of its effort to make the military more environmentally  friendly. But given the federal government’s bailout of Chevy maker General  Motors, President Obama’s praise of the Volt and the car’s long-running  problems, the federal purchase is likely to become the latest controversy in the  Volt’s short life.

Earlier this week, Reuters reported that GM is losing up to $49,000 on every Volt driven out of the showroom. The report took GM’s  huge investment in the pioneering car and divided it by the meager sales to date  and concluded that each car costs the company nearly $90,000 – more than double  the sticker price.

GM blasted the report, disputing the numbers and insisting that as  sales build, the initial costs will be recouped and the cost-per-car will  fall.

Those sales will be boosted at taxpayer expense. The Department of Defense  began buying Volts this summer as the Marine Corps Air Station in Miramar,  Calif., purchased two in July. Another 18 Volts will soon be delivered to Joint  Base Andrews in Maryland, where Air Force One is based, according to military  magazine Stars and Stripes.

The Obama administration has been among the Volt’s biggest backers with the  president vowing to “buy one and drive it myself … five years from now when I’m  not president anymore.”

But despite ultra-cheap lease deals and tax breaks of $7,500 for buyers,  sales have still been moribund. READ MORE


If President Obama’s name was George W. Bush, the left would NOT REELECT  him based on his policies, and rightfully so.

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Taxpayers To Get Charged As Pentagon Buys Up Chevy Volts

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