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Tuesday Humor: GM Announces It Is Losing Money On Every Volt Sold, Will Make Up For It With More Losses
In what should not come as a major surprise to anyone, GM just announced that:
- GM SAYS LOSING MONEY ON EVERY VOLT SOLD
There is good news: being implicitly funded by the US taxpayer means never admitting failure. In fact, the faster one fails, the faster one gets bailed out.
- GM SAYS NOT GIVING UP ON VOLT
And when failure is not an option, the only other option is even greater failure. And even bigger losses.
- GM SAYS NEXT GEN VOLT WILL BE $7,000 TO $10,000 CHEAPER
Slowly but surely everyone is figuring out that in the USSA, where making a profit is becoming increasingly impossible, the only credible business model is that of Amazon: lose lots of money but make up for it in volume.
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So GM is guilty of Predatory Pricing?
All you need to know about the Oreo and know we are fucked concerning the economy as long as he is in office.
http://socialmediabar.com/obama-vacation
According to a new report by the nonpartisan Government Accountability Institute (GAI),
President Barack Obama has spent over twice as many hours on vacation and golf (976 hours) as he has in economic meetings of any kind (474.4 hours).
The report, “Presidential Calendar: A Time-Based Analysis,” used the official White House calendar, Politico’s comprehensive presidential calendar, and media reports through March 31, 2013 to calculate its results.
GAI’s findings may actually understate Obama’s recreational hours.
Last year, Obama told CBS News that playing golf is “the only time that for six hours, I’m outside.” But instead of six hours, GAI counted a round of golf as taking just four hours. Likewise, for presidential vacation hours, researchers attributed just six hours of any day of vacation to leisure activity.
“Like most people, presidents still do work while on vacation,” said GAI President Peter Schweizer. “So we really went out of our way to fairly and accurately reflect how the president spends his time.”
The study applied a similarly generous assessment to Obama’s time spent in economic meetings by counting anything on the official White House calendar even remotely related to the economy as an economic meeting. For example, “Obama meets with Cabinet secretaries” and “Obama has lunch with four CEOs” counted as economic meetings.
GAI’s new report dovetails with its presidential calendar analysis last July that found Obama devotes little time to economic meetings.
Asked whether the latest numbers paint a negative portrait of presidential economic leadership, Schweizer says that is for others to decide.
“People understand that presidents have the most stressful job in the world and need a break from time to time,” said Schweizer. “There will be some who will be encouraged by the numbers and some who will wish the president spent more time in economic meetings. As a government watchdog group, we just tabulate the numbers and let others decide how to interpret them.”
So you say we shouldn't vote Obama a third term?
Now they need to do one for Chewie, we pay for her "recreational activities" too...sometimes on different sides of the continent (or the planet) from O'Barry.
For five long years they've acted like Randy Quaid in National Lampoon Vacation, sponging off the taxpayer (Chevy Chase) as unemployment (among the masses) skyrocketed.
Vaht a Leader.
All this electric car crappola based on the false premise of global warming. But, leave it to a state owned enterprise to produce products costing twice as much as they can be sold for. Obummercare is the next great buy!
Volt sucks, it can't even burn underwater.
My son leased a Volt for two years for something like a $3000 non-repayable down payment and $169/month. It works out to about $259/mo. for 24 months. He charges it after 9pm when the rates go down to 4 cents/khw. He drives it to work on a 28 mile round trip commute so it cost him less than a dollar a day for fuel. The engine seldom comes on. He has driven up to 49 miles before the engine turned on with no noticable change in performance. He loves that car. Besides being quite and cheap to operate, it has sports car like acceleration and a high quality sound system. It is good on snow too.
Sorry, but the research money has been spent. The horse is out of the barn. I would not have encouraged Obama to spend the research money but now that it has been spent we have this option available. There is no going back and battery technology keeps improving.
I have another son who leases a Mitsubishi EV- an all electric car for $2,000 down and $69/month. That isn't a misprint. It also has good acceleration but because it has no motor, he is on a short leash hoping that parking garages have a charging station open. No long trips for him with that car. The Volt is, for general purposes, a superior car.
$294/mth
... So a handful of the biggest banks own something like 60% of the economy, while those banks are owned by roughly a hundred thousand funds, which were mandated by governments, to be able to force people to contribute, in order to raise capital to buy into the ownership of those banks, and all other similar corporations. Meanwhile, the biggest banks are not allowed to fail, no matter how insane the risks they take become, because they are considered too big to fail, as well as too big to jail. Therefore, OF COURSE, around and around that all goes through the ouroboros of incorporated robbery, where the basic nature of that ROBBERY is deliberately denied and suppressed under mountains of bullshit about "economics."
There are obviously no more "economic decisions" being made outside of the ways that the governments are the biggest robbers, with the power to back up their robberies, by being able to kill anyone who resists being robbed. Actually, there never were, but we used to be able to pretend that before, in ways which were easier to believe than now ...
It is impossible to understand the money system outside of the murder system that originally made and maintained it. There are no "economic decisions" being made by "free markets" and no "capitalism" outside of the frame of reference of the murder systems that back up the money systems. Thus, the biggest banks have been able to make more and more "money" out of nothing, as debts, to enable them to gamble with ... When they win, they keep the profits, while, when they lose, the government bails them out.
Obviously, General Motors no longer is even remotely close to operating within any kind of "capitalist free market!" Obviously, we are never going back to those ideals, because they were never real in the first place. Those ideals were only easier to believe bullshit, in the past, when they were not so obviously FALSE, as they are now ... It remains to be seen what happens to energy systems which get bigger and bigger, while being controlled by bigger and bigger lies, that are further and further away from reality ... I continue to presume we are headed towards some series of psychotic breakdowns, without any reasonable ways to expect that will mean things shall ever get any better ...
"Electric cars" became quite goofy, and repeatedly subverted things, because their energy calculations are made within systems where the REAL energy systems are controlled by deceits, backed by destruction. The tremendous irony of advancing science and technologies is that we ARE understanding all other energy systems better and better, and therefore, CAN make machines that are based on that better understanding of those energy systems ... BUT, the basic energy systems of civilization as a whole are deliberately denied, and therefore, as distorted as possible, BECAUSE, the central controls to everything are the death controls, upon which the debt controls are based.
Therefore, GM became a "bank" able to create money out of nothing, to lend people to buy its cars. OF COURSE, that meant that those cars became crazier and crazier, since they are subsidized in fundamentally fraudulent ways, the same as every other corporation has become more based on working through the maze of frauds, as the most important energy systems that it operates within, rather than concerned about any other level of its energy systems, such as producing things which were worth producing.
General Motors has always been the model for business success. Said no one.
The electric car is a political wet dream.
All the technology is there for a clean burning natural gas auto, but because no one in politics can profit BIG TIME it isn't pushed.
I remember Environmentalist-wacko Obamabots arguing that the Volt, like these other failed energy projects, was another way to drag us kicking and screaming into the future.
I guess this is what they meant.
Who killed the electric car? If we could get all the dinks who swore they wanted an electric car in 1996 to buy a Volt GM's troubles would be over.
What the hell does GM care how much money they lose? Barack will send your money to them to keep them alive.
Chevy Volt = The Obama Trabant
Fisker business model copied by Government Motors.
/sarc
$7 to $1o thousand cheaper, battery not included.
"You can't see it
It's electric!
You gotta feel it
It's electric!
Ooh, it's shakin'
It's electric!
Some say it's mystic
It's electric
Boogie woogie, woogie
You can't resist it
It's electric
Boogie woogie, woogie
You can't do without it
It's electric"