Solyndra, Fisker, Light Squared........the list of failed Obama supported American businesses are seemingly endless. Obama can be excused that almost all of the multitudenous companies he and his progressive fellow travellers supported to the tune of billions of wasted tax payer dollars are in presently non-viable areas concerning utilization or generation of alternative/renewable energy. Leaving aside the legitimate questions of impropreity concerning cronyism (that would be giving tax payer dollars to generous campaign bundlers like Mr. Kaiser), one could make the case that green energy projects were a well intentioned gamble gone awfully wrong.
But then there is G.M. and their disastrous vehicle that the Administration touts: the Chevy Volt. Ever since G.M. launching it, the Volt has managed to sell on the average just under a thousand vehicles per month nationwide. Leaving alone problems that plague the battery of the car like spontaneous fires, the math behind the vehicle is downright scary. It costs the G.M. north of $90,000 to manufacture the car. The average loss per vehicle to G.M. is nearly $50,000 per vehicle sold. Maybe it is a good thing that the vehicle isn't selling; afterall the losses could be even more disastrous!.
With even the usual friendly voices in the media turning against Obama's brain child, his dream of a million electric cars on the streets of America within ten years is as much of a pipe dream as anything else that comes from this inept administration.
In Obama's world, government and businesses operate hand in hand - with each doing other's bidding. In this world, it is not the free markets that decide what is feasible and what is not. It is the wisdom of crony capitalist bureaucrats that carry the day at a great cost to the rest of the society. Mr. Obama may think that successful entrepreneurs who had a vision, sacrificed their time and efforts, and took the risks may not have built their businesses all by themselves. To him, I have one thing to say: Yes Mr. Obama. You did build that!