Congratulations, Taxpayer! You Own a Volt! (National Review, 04.01.10)

Posted by hpayne on April 1, 2010

Detroit — Taxpayers spent $60 billion to bailout GM. They own 60 percent of the company. And now they’re buying its cars.


As part of his oil drilling scheme Wednesday, President Obama also announced that Washington will “purchase the first 100 plug-in electric vehicles to roll off an American assembly line.” The only model that fits that description is the Chevy Volt. At $40,000 a pop, that’s another $4 million out of the taxpayer’s wallet.


“We’re going to lead by example and practice what we preach: cutting waste, saving energy, and reducing our reliance on foreign oil,” Obama said. Whatever happened to living within your means?


Obama has set a target of putting 1 million plug-in hybrids on U.S roads by 2015. Maybe he’ll just buy them all.

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