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.
The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
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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