-By Warner Todd Huston
Government Motors has finally found its hottest car and the Chevy Volt is it. Unfortunately for Chevy, it isn’t because it is popular. It’s because the car seems to catch on fire a lot. Industry watchers are preparing for the Volt to undergo a recall to fix whatever problem the car’s lithium-ion battery pack has that seems to be causing the vehicles to spontaneously burst into flames.
Of course, this little catching on fire problem seems emblematic with everything about Government Motors. After President Barack “Lee IaJokka” Obama pumped $53 billion of our tax dollars into bailing out GM all we’ve gotten out of the deal so far is a stock tumble from $53 a share to under $25 (a $15 billion loss) and a badly selling “green” car that catches on fire every time you turn around. Such a deal.
As to the burning issue of the day, the Associated Press notes that an “investigation” has begun by the National Highway Traffic Safety Administration to determine why the cars are catching fire.
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The Chevy Volt: Detroit’s Hottest Car (Cuz They Catch on Fire and Stuff)”
General Motors was too big to fail. This is why President Obama had to ride in on his white steed with billions of taxpayers dollars in hand to bailout GM rechristening it Government Motors. Besides, we were told it would be a great deal, a money maker, right? Well, not so much. The Administration has reported a dramatic increase in the money We The People have lost on the GM bailout.
The Obama administration has been touting new Corporate Average Fuel Economy (CAFE) standards to be imposed on America’s automobile manufacturers saying that it will save all Americans money at the pumps. Unfortunately, there are all sorts of hidden costs of which the administration isn’t noting, costs that will drive up the price of driving in multiple ways for all of us.
GM, Obama’s favorite federally owned car company, was thrilled to report in March that sales figures for the Chevy Cruze helped put the company on the fast track to success but it wasn’t the best news when the wheels began to literally fall off the Cruze causing a recall of GM’s “success” story.
As President Obama clucks his tongue at America for “pointing fingers” and “assigning blame” in our political debate, and as his friends on the far left ignore him and point their fingers and assign blame to the Republicans, Tea Partiers, and Sarah Palin, at least one union chief in Detroit is doing his part to add to the political vitriol by charging anyone that disagrees with him with being a “human rights violator.”