The Chevy Volt is finally coming out. The electric car took Detroit and General Motors, now owned by the federal government, more than two years just to get it to market.
There’s another private sector out there. Electric cars have been around for a long time. This one? Who knows what it’s going to turn out to be. I do know that $41,000 is an awful lot of money to pay for an ordinary sudan.
You could probably replicate it in a gasoline driven car for less than half that amount of money. But, the federal government is going to put your money behind it anyway. They are going to put $7,500 of your taxpayer dollars out to incentive people to buy this thing.
Why don’t we let the private market determine how to replace the gasoline-driven car, instead of having the government pick the winners and the losers.