One of the requests made by GM lobbyists is to increase the number of Chevy Volts that qualify for the $7,500 tax credit from 200,000 to 500,000.
If the turkeys can get that passed it'll save GM from having to lower the price of their over priced Volt.
posted on 07/05/2011 9:06:52 AM PDT
Anyone who buys a GM vehicle, condones Obama’s ripoff scheme. GM has been turned into a life-support system for the UAW.
I hate it, because GM used to be my favorite car company. I’ll never buy another.
posted on 07/05/2011 9:11:27 AM PDT
GM Spends Taxpayer Money to Lobby for More Taxpayer Money
Of course - that's exactly how "rent-seeking" works.
posted on 07/05/2011 9:13:17 AM PDT
(I'm so open-minded my brains fell out)
Look like tax money is like heroin. Once you taste it, you will spend your bottom line to have more. One can only look at congress to see how it rots their minds.
posted on 07/05/2011 9:25:57 AM PDT
by American in Israel
(A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
The $50 billion that taxpayers gave to bail out GM is now partially being distributed back to President Obama, Congress and a variety of agencies in an effort by GM to, well, receive more taxpayer money.
Uh, it's called a KICKBACK and they used to be illegal..
posted on 07/05/2011 9:28:00 AM PDT
(BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
Never. Buying. Another. GM Vehicle. Again.
posted on 07/05/2011 9:28:37 AM PDT
by Opinionated Blowhard
("When the people find they can vote themselves money, that will herald the end of the republic.")
Almost half of the people in the US Dept of Education are involved in lobbying. We pay them to lobby congress for more money so they can hire more lobbyist to ask for more money.
posted on 07/05/2011 9:34:15 AM PDT
(Retired USAF SMSgt)
Just like the good ol' days.
posted on 07/05/2011 9:40:23 AM PDT
(Trust in God, question everyone else)
posted on 07/05/2011 10:09:21 AM PDT
(Biden- No representation for Gopers, Obama-Gopers must get in the back of the bus.)
GM should have gone belly up and bankruptcy law should have determined how the corpse was carved up. No matter what you tell folks you believe in, if you purchase a GM vehicle you believe in the democrat fascist vision of remaking this country into a one party socialist state.
posted on 07/05/2011 10:29:50 AM PDT
(Obama is insane but kept medicated and on golf courses to hide it)
“If the turkeys can get that passed it’ll save GM from having to lower the price of their over priced Volt.”
GM has already announced a reduction - the base 2012 model will be $39k, with the possibility of the $7,500 subsidy reducing it more.
I strongly suspect that GM will lose money on every Volt sold, and make it up by putting a premium on trucks and SUVs. Most lines sell at a rate of 30 times that of the Volt, so they can spread out the Volt losses over quite a few trucks.
I see this as a signal that the era of personal truck ownership is about over. Ridiculous economy standards will force automakers to reduce truck sales...and they will accomplish this by adding a premium to truck prices, which will in turn subsidize their ‘green’ offerings...which they have to sell a ton of, with their phoney baloney mileage stickers, to meet fleet standards.
posted on 07/05/2011 11:45:29 AM PDT
(Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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