Little-Acorn
02-13-2012, 05:08 PM
I guess he figures the National Debt isn't big enough.
You know, if a car is worth having, usually you don't have to pay people to take it.
Will this man EVER stop giving away money we don't have, just to buy votes in swing states?
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http://dailycaller.com/2012/02/13/obama-hikes-subsidy-to-wealthy-electric-car-buyers/
Obama hikes subsidy to wealthy electric car buyers
by Neil Munro - The Daily Caller
Published: 2:10 PM 02/13/2012 | Updated: 4:44 PM 02/13/2012
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.
You know, if a car is worth having, usually you don't have to pay people to take it.
Will this man EVER stop giving away money we don't have, just to buy votes in swing states?
-----------------------------------------------------------
http://dailycaller.com/2012/02/13/obama-hikes-subsidy-to-wealthy-electric-car-buyers/
Obama hikes subsidy to wealthy electric car buyers
by Neil Munro - The Daily Caller
Published: 2:10 PM 02/13/2012 | Updated: 4:44 PM 02/13/2012
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.