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The Chevy Volt used to cost taxpayers $250k per vehicle to produce, but our cost is about to go up – way up!

Sure, America was just getting used to the financial floggings that forced us to pay $7,500 for every fire-starting Chevy Volt sold. But with sales as low as 281 units per month, ObamaGenius buried – that’s right, I said ‘buried‘ – in his 2013 budget the increase to $10,000 per Chevy Volt purchased.

Obama Hikes Subsidy To Wealthy Electric Car Buyers

(Daily Caller) The White House intends to boost government subsidies for wealthy buyers of the Chevy Volt and other new-technology vehicles — to $10,000 per buyer.

That mammoth subsidy would cost taxpayers $100 million each year if it is approved by Congress, presuming only 10,000 new-technology autos are sold each year.

But the administration wants to get 1 million new-tech autos on the road by 2015. The subsidy cost of that goal could reach $10 billion.

The planned giveaway will likely prompt populist protests from GOP legislators, but it will likely also will be welcomed by auto-industry workers in the critical swing state of Michigan.

That welcome is critical for President Barack Obama, who is touting his support for blue-collar manufacturing programs to help offset his low public approval ratings.

The new subsidy level represents a 33 percent jump from the current $7,500 government payout for each Volt buyer, even though the Volt’s buyers are already among the wealthiest Americans. It will be offered to buyers of any new-technology autos, including battery-powered autos and cars powered by natural gas, said a White House official.

The extra money for wealthy buyers will be borrowed funds, eventually paid off by future taxpayers in all income brackets.

~snip~

The extra subsidy is buried in President Barack Obama’s request for the 2013 budget, but was briefly described by White House economic chief Gene Sperling during a White House briefing today.

“We give consumers the incentive to buy these cars, he said, adding that the credit would be $10,000 per auto.

The budget document, titled “Investing in Our Future,” includes a goal of putting “One Million Advanced Technology Vehicles on the Road by 2015.”

To reach this goal, the budget “continues to support electric vehicle manufacturing and adoption in the United States through new consumer rebates, investments in R&D, and competitive programs to encourage investment in advanced vehicle infrastructure,” says the document.

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This article is dedicated to Ron G. Thank you for your support!

Chevy Volt Fires!: HERE

 – Chevy Volt, ‘The People’s Car’: HERE

Wow! 281 Chevy Volts sold just last month – thank you Mr. Obama!: HERE

*hitty *hitty Bang Bang: HERE

GM recalls 154,000 Chevys: HERE

Taxpayers – $7,500 on the hook for every Chevy Volt sold: HERE

Obama administration bought 1-in-4 GM hybrids soldHERE

Buy a Prius, kill a Mexican: HERE

Boldface lies about GM service and warranties: HERE

Taxpayer funded Communist supporting GM pushes for higher gas tax: HERE

GM spend $4 million in 3 months on lobbyists: HERE

GM covers ladyboy transgender surgeriesHERE

Bankrupt GM and Chrysler give managers big bonuses – up to 50% – after taxpayer funded bailouts: HERE

Cash For Clunkers II – ‘Charging America Forward’: HERE

Mainstream media publishes another GM press release as ‘news’ — Government Motors claims ‘chocolate rations’ are up: HERE

GM’s press release propagandaTuesday March 1, 2011

Obama’s Playbook – published by 1940′s General Motors: HERE

Our nation cannot survive treason from withinHERE

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10 Responses to ObamaGenius: ‘Since My Chevy Volt Won’t Sell, I’ll Penalize Americans $2,500 More Per Vehicle Sold’

  1. [...] ObamaGenius: ‘Since My Chevy Volt Won’t Sell, I’ll Penalize Americans $2,500 More … [...]

  2. [...] and money in helping to get you elected. In return, unions gained majority control of Chrysler, the taxpayers lost $14 billion dollars on General Motors, and General Motors received a special $45 billion dollar tax break. What do you say to people who [...]

  3. [...] ObamaGenius, ‘Since my Chevy Volt won’t sell, I’ll penalize Americans $2,500 more per vehicle:HERE [...]

  4. [...] ObamaGenius, ‘Since my Chevy Volt won’t sell, I’ll penalize Americans $2,500 more per vehicle: HERE [...]

  5. [...] Sad Hill, the Chevy Volt costs taxpayers $250,000+ per vehicle to [...]

  6. [...] all that, Obama-run GM has determined that giving $559 million of forcibly-collected US taxpayer funds to support an [...]

  7. [...] In a nutshell, this is why capitalism works and socialism does not. People spend their own money wisely. Bureaucrats do not spend other people’s money wisely. Via Sad Hill News. [...]

  8. [...] ObamaGenius, ‘Since my Chevy Volt won’t sell, I’ll penalize Americans $2,500 more per vehicle: HERE [...]

  9. […] ObamaGenius, ‘Since my Chevy Volt won’t sell, I’ll penalize Americans $2,500 more per vehicle: HERE […]

  10. […] projects – Abound Solar, Solyndra and the Chevy Volt which cost America $250,000+ per vehicle to produce – comes Obama’s taxpayer-funded $529 million job-killing Fiskar Karma money […]

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