He's Not just a Bad President, but.....
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Reuters - Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.
And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.
GM's basic problem is that "the Volt is over-engineered and over-priced," said Dennis Virag, president of the Michigan-based Automotive Consulting Group.Keep Reading
Joe Biden takes a page from the Clinton playbook at friendly campaign stop in Ohio ____________________________________________________________ |
The Republican Party has turned its back on the middle class Americans who built this country.
They think that if we simply eliminate protections for families and consumers, let Wall Street write its own rules again, and cut taxes for the wealthiest, the market will solve all our problems on its own.
They would repeal health reform, turn Medicare into a voucher program, and follow the same path of fiscal irresponsibility of the past administration, giving trillions of dollars in tax cuts weighted towards millionaires and billionaires while sticking the middle class with the bill.Democrats are right. Republicans won’t ignore the people who didn’t want the ACA in the first place. These are the same people who want it repealed. As for the part about “giving trillions of dollars in tax cuts” to “millionaires and billionaires”, corporations will be the ones who will have their deductions removed in exchange for lower marginal rates.
They’re why we rescued the auto industry and revived our manufacturing supply chain. They’re why we helped American families who are working multiple jobs and struggling to pay the bills save a little extra money through tax cuts, lower health care costs, and affordable student loans.