Wednesday, March 7, 2012

More green gambles with your money (UPDATES)



With both Tesla and Fisker riding on fumes, why is our federal government subsidizing such expensive gambles? Well, I guess it only makes sense (and by that, I mean it doesn't!) in a display of tone-deaf hubris, and on the heels of GM's Volt production being 'idled' down, for the Obama Administration to double-down by unveiling a $4.7B plan to boost advanced vehicles!

The White House is proposing to spend $1 billion to help up to 15 communities speed the deployment of advanced-technology vehicles. Another $3.7 billion would go to new tax credits for electric vehicles, commercial trucks and other advanced-technology vehicles.

See, it doesn't really matter that you don't want to buy the cars, they still want to force them on you for your own good; so broaden the selection if how better than to broaden the selection. Folks, it doesn't take a genius to figure out that the joke's on us once again with any of this green stuff. These will end the same as the rest: Green firms receive federal taxpayer funding (not approved by US, mind you), then the implementation of their product into American society will fail.

UPDATE I: Reuters reports that Fisker's +$100,000 Karma died during Consumer Reports speed testing this week for 'reasons that are still unknown'. I'm sure we could all come up with a few...

UPDATE II: Wow, it's almost the end of March and Consumer Reports is still having problems with the glitch-plagued 1% Hollywood celeb car. Perhaps it's time to pull the plug?