Chevy Volt And Obama Care
March 11, 2012 by staff
Chevy Volt And Obama Care, March is an important month in the ongoing saga of President Obama’s abject policy failures. First, Chevrolet announced that it would temporarily cease production of the president’s much-touted car for the green economy, the Chevy Volt. Second, the U.S. Supreme Court will hear the state-led challenge to the president’s health care legislation. And while “ObamaCar” and ObamaCare may seem like unrelated topics, in this case they have at least three elements in common.
Both were sold as a key to creating jobs and economic growth. Only last year the president predicted that there would be 1 million electric cars on U.S. roads by 2015-just three years away. And New York Senator Chuck Schumer doubled down on that economic vision: “We need a business model based on cars of the future, and we already know what that future is: the plug-in hybrid electric car.”
Similarly, Obama defended his takeover of the health care system by proclaiming, “We must lay a new foundation for future growth and prosperity, and a key pillar of a new foundation is health insurance reform.” Speaker Nancy Pelosi saw health reform as a jobs factory: “In its life [health care reform] will create 4 million jobs, 400,000 jobs almost immediately.”
Well, that economic wave of the future can wave goodbye. Green energy isn’t creating jobs and boosting the economy. Indeed, many green energy companies are cutting back, laying off or closing down-even with billions of dollars in taxpayer subsidies.
Meanwhile, oil and gas production-the left’s biggest nightmare-is resurgent, and the U.S. is once again becoming a global leader in energy production. Several state economies are booming because of the energy explosion, with low unemployment and high wages-everything the president promised from the green economy, but has failed to deliver.
However, left unrepealed the health care law probably will create jobs-government jobs! Thousands of new government employees will be added to the federal payroll to manage the millions of people put in the government-run Medicaid program, and IRS agents to ensure Americans are buying ObamaCare, or slap them with a penalty if they don’t.
The government has heavily subsidized both. Neither Obama’s green energy or universal health care visions would work without pumping in billions of taxpayer dollars-and they probably won’t work even with the subsidies.
The administration has created an $80 billion clean-energy investment program to subsidize green companies-$5 billion just for electric cars-many of which, as the Washington Post recently reported, also happen to be big Obama donors. And did I mention bonuses? ABC News reports that Beacon Power Corp. of Massachusetts “paid cash bonuses of $259,285 to three executives in part due to progress made on the $43 million energy loan … Last October, Beacon Power filed for Chapter 11 bankruptcy.”
Hmmm, so our taxes paid big bonuses based in part on executives’ success in siphoning off our taxes from the Obama administration.
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