MCViewPoint

Opinion from a Libertarian ViewPoint

Watch: Six Years Ago Obama Promised to Buy a Chevy Volt. Now It Is Dead

Posted by M. C. on November 27, 2018

Dead as the Volt battery supplier in which Obama sunk hundreds of your million$.

Central Planning.

Proving once again that it does not work.

https://www.breitbart.com/economy/2018/11/26/watch-six-years-ago-obama-promised-to-buy-a-chevy-volt-now-it-is-dead/

by John Carney

“I got to get inside a brand-new Chevy Volt fresh off the line,” Obama announced to a cheering crowd of United Auto Workers activists. “Even though Secret Service wouldn’t let me drive it. But I liked sitting in it. It was nice. I’ll bet it drives real good. And five years from now when I’m not president anymore, I’ll buy one and drive it myself.”

Now it looks like Obama will not get his chance to make good on the promise. General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt and its gas-powered sister car the Cruze. The announcement came as part of a larger restructuring by the car company as it seeks to focus production around the bigger vehicles in favor with U.S. consumers.

The Volt and the Cruze were two of the signature achievements of the partnership between the Obama administration and General Motors following the auto-industry bailout. Although the Volt was long-planned by GM executives, it received a lot of support from the administration. Obama described the Cruze as “the car of the future.”…

The Volt was a very high-priced car that was heavily subsidized by government policies, both federal and state, favoring electric vehicles. Many thought its high-price tag doomed it, especially since the gas-powered Cruze was a very similar car at a lower price point. But neither achieved the expected sales. These were cars Americans did not want…

Be seeing you

Sean Penn

The Dumb and Dumber of economics

 

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One Response to “Watch: Six Years Ago Obama Promised to Buy a Chevy Volt. Now It Is Dead”

  1. Kenneth T. said

    I have never taken a president at his/her word, BUT if he really wanted to keep the promise (a moot point anyway) he can buy used. Why does everything (even for him) need to be new?

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