Obama hikes subsidy to wealthy electric car buyers
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.I'm surprised they're not giving them away free with each substantial contribution to the Obama campaign.
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.
The extra money for wealthy buyers will be borrowed funds, eventually paid off by future taxpayers in all income brackets.
You know how liberals are always accusing Republicans of only caring for the rich at the expense of the poor? Whatever liberals accuse others of doing, that's what they’re doing. Always. -IMAO
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