The Car from Atlas Shrugged Motors

Chevy Volt: The Car from Atlas Shrugged Motors

“ The Rest of the Story.... Patrick Michaels is a senior fellow in Environmental Studies at the Cato Institute and the editor of the forthcoming Climate Coup: Global Warming's Invasion of our Government and our Lives, as well as the author of several other books on global warming.” His Forbes column* on the Chevy VOLT is a case study in the nexus between big government corruption and big business rent-seeking. *It's easier to read on CATO I found this synopsis on Yahoo Auto Groups: (Excerpt) “ Michaels notes that "sales are anemic: 326 in December, 321 in January, and 281 in February." There seems to be a trend here . . . Michaels adds that GM has announced a production run of 100,000 in the first two years and asks what appears to be a rhetorical question: "Who is going to buy all these cars?" But wait! Keep hope alive! There is a positive answer to the question. Jeffrey Immelt's GE will buy a boatload of those uneconomic GM cars. Here the case study opens onto the inevitable political angle: Recently, President Obama selected General Electric CEO Jeffrey Immelt to chair his Economic Advisory Board. GE is also awash in windmills waiting to be subsidized so they can provide unreliable, expensive power. Consequently, and soon after his appointment, Immelt announced that GE will buy 50,000 VOLTs in the next two years, or half the total produced. Patrick Michaels knows his ratbastardcommies, having also authored "Climate Coup: Global Warmings Invasion of Our Government and Our Lives" Related—  "President Obama’s phony accounting on the auto industry bailout [WaPost] thor