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Wednesday, December 21, 2011
Government "Investment" Boondoggle
Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
Volt sales, according to the Wall Street Journal, have been anemic, and battery fires have raised safety issues. Sales of its competitor, the Leaf, have been equally disappointing.
The Chevy Volt, like all “investments” imposed by liberal-progressive-socialist state planners, is a flop and a drain on the nation’s limited financial resources. Every such “investment” removes resources otherwise available for creation of real jobs to produce goods that real people willingly buy.
None of this deters liberal-progressive-socialists, whose purpose in life is to displace economic freedom with their presumed wisdom. The rest of us are expected to fall in line and follow orders, while the purchasing power of our earnings and savings is depreciated by inflation and our standard of living is dragged down in the name of socialistic equality.
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