In April, Government Motors were running false and misleading ads, claiming to have paid the taxpayers back the Billions of Bailout Money “loaned” to them when in fact all they did was return $4.7 Billion Dollars to the Treasury by dipping into a separate pot of Bailout Money already owed to the taxpayers.
Are the taxpayers realizing a good return of their investment? Will GM actually manufacture affordable automobiles that the average American family will be interested in purchasing?
Sitting in the Obamamobile (Chevy Volt) with a $41,000 Dollar price tag less federal, state and local taxes, financing costs, insurance and maintenance–Service Stations may be unwilling to invest in the equipment necessary to repair electric vehicles, for there is no profit in it.
Are Electric Car manufacturing actually a good use of taxpayers money or just another government boondoggle?
Where will consumers go to recharge their electric vehicles? Much of the U.S. population do not live in large urban areas where recharging stations may one day exist, will the average American Consumer, actually be willing to wait 10 hours to fully recharge their electric vehicles from a standard outlet that only have a range of 40 miles?
More here GM Volt—An Electric Car No One Will Buy Via 24/7 Wall Street