In case you haven’t heard about the Chevy Volt, Reuters reports that Americans don’t want them. But the government does. Therefore we peons are forced to subsidize GM a large amount for each car it sells.
According to the news story the base price for a Volt is $39,995 but it cost close to $89,000 to produce one. Now, folks, I am not a math major, but that does not seem like a good business.
Reminds me of two rednecks who were buying hay in East Texas for $10 per bale and driving to West Texas where they sold it for $10 per bale. After several trips, they figured out they weren’t making any money. The smart one came up with the solution. "We’ve got to get a bigger truck," he said.
Ain’t government wonderful?
PMO
©2011
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