Posted on 12/23/2011 10:03:15 AM PST by raptor22
Green Policy: A think tank crunches the subsidy and bailout dollars and puts the true cost of Government Motors' electric car at a cool quarter-million. And the few sold have been largely bought by the 1%.
At a time when Democrats are blaming the GOP for blocking a payroll tax cut deal that will add $40 in the average paycheck, they have no problem taking that worker's tax dollars to make and subsidize what we once called an electric Edsel bought by a precious few with an average income of $170,000.
"Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it — a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
Actually that amount could be higher if you prorated the cost of the government bailout and takeover of General Motors.
Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors' plug-in hybrid electric vehicle.
His analysis included 18 government deals that included loans, rebates, grants and tax credits.
The amount of government assistance does not include the fact that General Motors is currently 26% owned by the federal government, which has labored mightily and brought forth a $40,000 mouse that even with a $7,500 tax credit has attracted few buyers.
(Excerpt) Read more at news.investors.com ...
We need to kill this car and call it.....
.....The Deadzel.
Nah, call it the Prion.
Call it the Bamabile
Ping.
That $40 in the AVERAGE paycheck-—a 2 week paycheck, by the way-— means that you are making $50,000 gross a year.
In this economy, I know very few people who are making a steady $50,000 a year.
Since the media has done such a math-deprived & contrived story about what kind of money all 160 million ‘workers’ will get in their paychecks, I am waiting for the people who get about $30,000-—35,000 a year to complain loudly about where their $40 dollar extra is.
The story NO ONE is talking about is that while unemployment benefits were extended & FICA taxes were kept artifically low AGAIN-—this bill also included another TRILLION in spending.
The Congressional GOP has just about lost me for good.
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