GOVERNMENT MOTORS ISN’T THE FAIRY TALE DEMOCRATS WANT US TO BELIEVE
No – seriously dude – this thing is gonna work – trust me.
Once upon a time, in a make-believe land – far, far away – the ruler of that land single-handedly rescued its largest auto manufacturer. He not only wisely “invested” billions and billions of taxpayer dollars in the company, but the company paid all the money back – ahead of schedule. As a result, the company, its employees, and all the people of the land were happy – and forever grateful to the wise ruler.
Okay, I just threw up in my mouth – let’s get real. Here’s O, bragging (I know, you’re shocked) last month about saving the auto industry:
“The American auto industry has come roaring back, making us number one again.”
“Roaring back,” O? Seriously? Not only has GM stock continued to tank – falling 40% since its initial public offering in November 2010 – which has increased taxpayer losses to more than $25 billion, but Obama Motors is reportedly losing $49,000 on every Volt it makes.
If that were your company, would you feel like it’s come “roaring back”?
Via Reuters: Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.
Cheap Volt lease offers meant to drive more customers into Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that costs as much as $89,000 to produce.
Is the irony lost on you Democrats who scoff at the term “Government Motors”? Only the government could remain in business – and continue to produce Volts – with losses like that. Doubt me? See: U.S. Postal Service. Moreover, it’s at least an even bet that GM will declare bankruptcy before its over as well. Of course, that won’t be until well after the election.
The Volt’s $40,000 base price and its complex technology – the car uses expensive lithium-polymer batteries, sophisticated electronics and an electric motor combined with a gasoline engine – have kept many prospective buyers away from showrooms. Consequently, weak sales have forced GM to idle the Detroit assembly plant that makes the troubled car for four weeks – the second time its done so this year.
Incidentally, Volt’s nearest competitor, the Toyota Prius – the pace car of liberal elites – has a base price of $24,795. And, by the way? Sales of Prii (the plural, as Toyota tells us) remain brisk. Gotta love the UAW.
Speaking of the UAW, you do know that it was what the ruler of the far-away land really wanted to save, right?