Remember Obama bragging how he “saved” General Motors? And how he promised he would buy a Chevy Volt when he left office, because “I liked sitting in it. It was nice. I’ll bet it drives real good.” (Wow, the greatest orator of the century is truly a wordsmith!)
But as Liz Peek noted in the Fiscal Times, Obama’s auto bailout was really a hefty union payoff.
And now that the Chevy Volt will no longer be manufactured, Obama’s promise will not be fulfilled…as though he had any intention of buying a Chevy. Now that the Obamas are on their way to becoming billionaires, a Chevy will most likely not be their car of choice.
Six years ago, President Barack Obama promised to buy a Chevy Volt after his presidency.
“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.”….
Trump eyes ‘chicken tax’ for cars in response to GM cutbacks
Only downside to this story is the Left can/is blaming tariffs and retreat from Paris Climate Accord for GM’s decision. Not that GM is responding to customer non-demand and thereby to be profitable. Yes, Blame America First crowd is going with Blame Trump First.
FWIW, I commented on the Chevy Dolt back when it was new. As a footnote, that A123 Battery plant that Obama subsidized (the Koreans happily took our money; can you blame them?) and opened with great fanfare went broke shortly thereafter.
What a product. Old King Midas in Reverse, Obama, strikes again. The battery life is 8 years, the cost to replace the battery is $4000 (recharge interval is every 40 miles) or $6000 (recharge interval is every 69 miles). Then ofcourse there’s the utility bill if you’re recharging at home, and that’s not a minor cost.
But the most egregious fact is the amount of taxpayer subsidies PER VEHICLE SOLD….$250,000.
The hidden subsidies are very important, because they reveal — among other things — that these “green” cars are the polar opposite of real green, in that they consume HUGE amounts of resources in their production. They could use no gas at all and they’d still have a vastly bigger environmental footprint than a Sherman tank.