Sunday, January 08, 2012

Obama has two of the top seven product flops of 2011

When big brother decides what products get built big brother has to get people to buy them. Big Obama decided that you were going to buy certain cars, but you didn't buy. Is that his fault or yours?

In the top seven -- Chevrolet Volt. Obama said they would sell like hot cakes and he give $7,500 of our tax money to each buyer. Administration officials predicted far higher sales, in part, because GM and some of its parts suppliers have received hundreds of millions of dollars in start-up funds. Moreover, the federal government is buying some of the vehicles, and is paying for state and local governments, as well as regulated companies, to buy even more.

Also the tiny Fiat 500. “The car was expected to be a big seller, rivaling BMW’s Mini… [and] Fiat expected to sell 50,000 500s during 2011 in North America,” according to the Yahoo! Finance Top 7 list. However, “Fiat sold fewer than 12,000 [and] sales were so poor that Chrysler Group, which manages the Fiat brand in the United States, ousted U.S. chief Laura Soave this past November,” noted Yahoo.

Daily Caller 

Graphic from a photographer in India. 

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