Well, this prediction didn't take too long.
I said GM and Chevy were dead the minute the government got their hands on them...because evidence shows that governments do not run profitable businesses.
Government Motors isn't taking too long to prove me right.
They recently shut down production of their lunatic idea -- The Chevrolet Volt. They also laid off 1,300 workers because of low sales of the Volt.
Thanks to Obama and the Democrats, several billion dollars in taxpayer money have now been wasted.
Various studies in the media have shown that after the loans, grants, and tax subsidies are figured in, each Chevy Volt ended up costing the taxpayer $250,000.
While Government Motors struggled to sell even 1,000 Chevy Volts last month, their free market competitors Toyota sold over 20,000 of their popular Prius hybrid vehicles to American consumers in February.
The woes of Government Motors can be laid specifically at the feet of the attempted central planning by a federal government that cannot possibly anticipate or react to consumer demand.
The government should not be in the business of selling cars. That duty belongs to the free market. Interference in that market leads to catastrophic results like the Chevy Volt.
Voters need to remember things like this when they go to the polls in November.