Friday, July 30, 2010

The Chevy Volt - Obama's Edsel

An op-ed in the New York Times today called it G.M.'s Electric Lemon.

[…] the Volt appears to be exactly the kind of green-at-all-costs car that some opponents of the bailout feared the government might order G.M. to build.

It's a $41,000 car with the space and performance of one you can buy for $17,000 -- and its true price is closer to $50,000. The buyer will shell out the $41 thou and we taxpayers will pay him $7,500 more as thanks. $48,500 of wealth spent on a vehicle that won't use any less energy than a conventionally-powered car and will still lose money for GM.

This is the new, green economy: very expensive and impractical goods which deliver less than what they're supposed to replace wrapped up in magic-planet-saving goodness. The Volt will remain forever engraved in our minds as the symbol of Obama's smug, economic ignorance.

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