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They've upped the bribe to buy the Chevy Turd.

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Now it's up to $10,000.00. If the Turd is such a great vehicle, why are the bribes necessary?

 

 

 

Obama hikes subsidy to wealthy electric car buyers

By Neil Munro - The Daily Caller 2:10 PM 02/13/2012

ADVERTISEMENT 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.

 

Pennsylvania Republican Rep. Mike Kelly, who owns a Chevy dealership, has already introduced legislation to end the auto subsidies. “The nation is $15.2 billion in debt and climbing, so we’ve got to be a lot more careful about how we spend the money,” he told The Daily Caller in January.

 

The bill, he said, will also help citizens recognize the money-losing crony-capitalist deals between Democratic legislators and business interests, such as Chevy, he said. “How do we get this crony capitalism across to the voters? We tell them, 'Folks, this is your money, not the administration’s money. … It’s being thrown around by this president. … It’s not a good investment, and there’s no positive return on it.”

 

For example, even with the $7,500 rebate for each buyer, Chevy sold only 7,671 Volts in 2011, far below the target of 10,000 earlier touted by company officials. Last month Nissan made the 10,000th sale of its all-electric Leaf model.

 

The average income of the Chevy Volt’s buyers is $170,000 per year, according to General Motors CEO Dan Akerson. “Some of them — I think roughly half — are either [Toyota] Prius or BMW owners,” Akerson said in a Dec. 16 interview with the Associated Press.

 

That high income puts the Volt’s buyers in the top 7 percent of households, according to census data, and slightly above the rankings held by households with BMWs, Lexuses or Cadillacs.

 

The average income of BMW buyers is nearly $170,000, according to a May 2010 article in Bloomberg Business Week.

 

Cadillac buyers earn almost $130,000, and Lexus buyers take home an average of $141,000. Only Mercedes-Benz drivers earn more than Volt drivers, an average of $174,000 per year.

 

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.

 

Follow Neil on Twitter

 

 

 

Read more: http://dailycaller.com/2012/02/13/obama-hikes-subsidy-to-wealthy-electric-car-buyers/#ixzz1mIemsj00

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“Investing in Our Future,”



 



 



 



What a bunch of peckerheads.  Bought a car company and can't sell em, hell they can't hardly even give them away.


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Now it's up to $10,000.00. If the Turd is such a great vehicle, why are the bribes necessary?

 

No wonder the deficit is reputedly going to increase another 6 trillion dollars over the next 10 years if he gets re-elected.

 

Wonder how many Volts the Feds are going to buy?

 

 

 

 

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The thread title says that the tax credit was raised to 10,000.00 per vehicle then it goes on to tell us that this is merely a proposal. :confused:

 

This whole thing stems from the 2013 Obama budget proposal. I've looked through it and I'm not finding ANYTHING about a tax rebate increase.

 

 

Download the budget PDF here.................

 

http://www.google.com/url?sa=t&rct=j&q=new%20budget%20proposal&source=web&cd=5&sqi=2&ved=0CFgQFjAE&url=http%3A%2F%2Fwww.whitehouse.gov%2Fsites%2Fdefault%2Ffiles%2Fomb%2Fbudget%2Ffy2013%2Fassets%2Fbudget.pdf&ei=M845T9PqGuj10gGNiKm-Cw&usg=AFQjCNEkOBhaAO2odXZxfuKTnXJ9JaqL1w

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Anyone running this story BESIDES the Daily Caller?

 

Cuz if the lame stream is ignoring a story then it didn't happen?

 

The Chevy turd is just one more in growing list of examples showing how poorly politicians do at picking winners when it's our money they are spending. Upping the bribe is an obvious effort to make this look like less of a loser.

 

Good luck with that, LOL. Real world experience has the turd getting just 25 miles on the road before running out of battery power! If this thing was subsidized another $40,000 it would still be a useless curiosity for most drivers.

 

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Cuz if the lame stream is ignoring a story then it didn't happen?

The Chevy turd is just one more in growing list of examples showing how poorly politicians do at picking winners when it's our money they are spending. Upping the bribe is an obvious effort to make this look like less of a loser.

Good luck with that, LOL. Real world experience has the turd getting just 25 miles on the road before running out of battery power! If this thing was subsidized another $40,000 it would still be a useless curiosity for most drivers.

 

Thanks for responding.......now, I'll ask again - anyone else running the story?

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Thanks for responding.......now, I'll ask again - anyone else running the story?

 

Thanks for the thanks.

 

It does not matter who else is running the story. The story is being discussed in this and other places and there is no credible evidence that it is not true. If you are trying to discredit the story with ad hom you are failing.

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Thanks for the thanks.

It does not matter who else is running the story. The story is being discussed in this and other places and there is no credible evidence that it is not true. If you are trying to discredit the story with ad hom you are failing.

 

That's up to God, not you. I fail? What about the article which does not have a source?

 

I'm just trying to find out if it's true......how did you deduce that I'm trying to discredit it?

 

Here's the 2013 budget - show me the 10,000 figure......I can't find it.

 

http://www.google.com/url?sa=t&rct=j&q=new%20budget%20proposal&source=web&cd=5&sqi=2&ved=0CFgQFjAE&url=http%3A%2F%2Fwww.whitehouse.gov%2Fsites%2Fdefault%2Ffiles%2Fomb%2Fbudget%2Ffy2013%2Fassets%2Fbudget.pdf&ei=M845T9PqGuj10gGNiKm-Cw&usg=AFQjCNEkOBhaAO2odXZxfuKTnXJ9JaqL1w

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That's up to God, not you.

Your imaginary friend has nothing to do with this.

I fail? What about the article which does not have a source?

Read it again. The article says the source is the budget proposal and was "briefly described by White House economic chief Gene Sperling during a White House briefing".

I'm just trying ti find out if it's true......how did you deduce that I'm trying to discredit it?

Here's the 2013 budget - show me the 10,000 figure......I can't find it.

Maybe you can't find it because #1..you were not at the White House briefing and #2 your link is broken.

 

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Your imaginary friend has nothing to do with this.

Read it again. The article says the source is the budget proposal and was "briefly described by White House economic chief Gene Sperling during a White House briefing".

Maybe you can't find it because #1..you were not at the White House briefing and #2 your link is broken.

 

Link is not broken. Ah.....the White house briefing, the daily caller was invited?

 

I'll check Gene Sperling and see if he's on record anywhere, thanks.

 

http://uservideos.sma****.com/video/Ui8XnG_iI_w/briefing-on-president-obama-s-fy-2013-budget.html

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Link is not broken. Ah.....the White house briefing, the daily caller was invited?

I'll check Gene Sperling and see if he's on record anywhere, thanks.

http://uservideos.sma****.com/video/Ui8XnG_iI_w/briefing-on-president-obama-s-fy-2013-budget.html

 

First time I clicked the link it went to a 404 page. Tried it again and it worked. Took all of 30 seconds to find this on page 54:

 

"Put One Million Advanced Technology Ve- hicles on the Road by 2015. In 2008, the President set an ambitious goal of having

54

INVESTING IN OUR FUTURE

•

one million advanced technology vehicles on the road by 2015. To reach this goal and be- come the first in the world to do so, the Bud- get builds on Recovery Act investments and continues to support electric vehicle manu- facturing and adoption in the United States through
new consumer rebates
, investments in R&D, and competitive programs to en- courage investment in advanced vehicle infrastructure.

 

BTW...Who said the Daily Caller was invited to the briefing? It does not matter whether they were or were not but a sarcastic question like that does nothing to contribute to the discussion of what a turd the volt is and why it needs more subsidies."

 

This was expanded upon by Sperling @ the 24 min. mark in the video as you have no doubt seen by now.

 

So The DC was right. Now let's discuss why these misguided subsidies failed the first time and why we need to subsidize rich folks who want to show how green they are by buying useless vehicles.

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oops, the following should not have been included in the quotation above. I was intended as a stand alone statement of my authorship.

 

BTW...Who said the Daily Caller was invited to the briefing? It does not matter whether they were or were not but a sarcastic question like that does nothing to contribute to the discussion of what a turd the volt is and why it needs more subsidies.

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