Cash for Clunkers, Part II — the Son of Clunkers
Apparently, Government Motors needs just a little more help…Yet another astounding attempt at social engineering … or just another lifeline for GM?
The Obama administration and their friends on Capitol Hill are floating around a proposal to change the $7500 tax credit for green vehicles. This change can be found not only in President Barack Obama’s budget but also a bill proposed by Senator Debbie Stabenow, Michigan Democrat.
Edmunds.com, a 45 year old trade magazine company that provides automotive information, posted a Department of Energy document listing the department’s funding highlights. The proposed Obama Budget, changes the existing $7,500 electric vehicle tax credit “into a rebate that will be available to all consumers immediately at the point of sale.”
According to Senator Stabenow’s website, her proposed legislation, known as the “Charging America Forward Act” (S.298), “will provide consumers with a rebate worth up to $7500 for plug-in electric vehicles at the time of purchase.”
In other words, we’ll bribe people to buy these “Electric Edsels” by making them cost as much as a normal automobile without the reliability issues of the Volt.
One wonders if Ms. Stabenow will be doing this charging with a Visa or a Mastercard?
7 Comments
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Noooo, Dave…she's gonna use Obama's "stash"…heh.
So where are these elite minds going to get the money for this "bribe-a-watt" program? Doesn't a foolish move such as this have to be run by the Congress first? I can't see our Congress funding "bribe-a-watt" after what the voters had to say this past November.
GM is doomed,let it die a natural death….
Where's the death panel when it comes to GM? Obama chooses the winners and losers; union folks and old folks, respectively.
the Volt is great, it will restrict the user to a 80 mile range without the checkpoints that the Soviet Union needed to enforce travel restrictions. this proves the west is smarter, we are able to get people to happily agree to give up the right to travel freely
i would like to see all these cars sitting at a charging station in the event of a 100 mile evacuation for a nuclear event
Why must this $7,500 rebate come from my pocket for an electric car for someone else. Should it not come from GM? Hey, they are <a title="GM Posts $2 Billion Quarter Profit" href="http://www.reuters.com/article/2010/11/10/us-gm-idUSTRE6A92O220101110" rel="nofollow">back in the black.
No more corporate welfare, corporate tax breaks, home owner assistance, home weatherstripping and energy audits, appliance energy rebates, TV digital converter boxes, free cellphones, foreign assistance, bridges and bus lines to nowhere and from nowhere, beautification projects…………….No more! No more!
No more!