Thursday, December 01, 2011

Government Motors Willing to Buy Back Volts



Now this is a vote of confidence to run out and buy that all electric car, which GM admits could catch fire.  According to the Associate Press, "General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire."  I guess that is why only 6,000 have been sold.  I am convinced that the Volt is going the way of the Edsel.  The Volt was a government idea from day one.  This is what happens when the government tries to pick winners and losers.  (Does anyone remember Solyndra?)  And, it's track record is lousy.  That is the function of a market economy, not the government. 

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