What a Volting Development ...

OBAMA MOTORS Fascism on Wheels Report

“ The top two product disasters were a push-up bra for pre-teens and Netflix’s short-lived Qwikster video-rental spin-off. But two autos pushed by Obama’s government-directed auto companies won slots No. 3 and No. 6 on Yahoo!‘s ”Worst Product Flops of 2011.” The No. 3 prize went to the battery-powered Chevy Volt, which had been touted by Obama as the green-tech model for future vehicles. It is being built by General Motors — which is still partially-owned by the federal government — but the company only sold 7,000 of the cars by December. Moreover, the federal government is buying some of the vehicles, and is paying for state and local governments, as well as regulated companies, to buy even more. Obama’s second flop took sixth place. The booby prize went to the Fiat 500 auto, which administration officials touted when they arranged for Fiat to buy the ailing Chrysler company. “The car was expected to be a big seller, rivaling BMW’s Mini… [and] Fiat expected to sell 50,000 500s during 2011 in North America,” according to the Yahoo! Finance Top 7 list. However, “Fiat sold fewer than 12,000 [and] sales were so poor that Chrysler Group, which manages the Fiat brand in the United States, ousted U.S. chief Laura Soave this past November,” noted Yahoo.  Daily Caller None of this should surprise.  Last year Cato's Patrick Michaels descibed Chevy VOLT as a "case study in the nexus between big government corruption and big business rent-seeking."