[Video below.] Renowned Washington Post columnist and pundit Charles Krauthammer says that “The Chevy Volt is a disaster….it’s extremely expensive, every time you buy it the purchaser has to pay $41,000, then a federal government subsidy of $7,500, so it’s a $50,000 car.”
Krauthammer added: “The only people who are going to buy it are going to be very rich people who are going to park it outside their townhouse for ostentatious show of how virtuous they are while they drive around in their Cadillac Escalade.
“This is a classic example of what happens when the political and ideological desires of an administration are imposed on a private company…It’s not how many jobs you create or even save, it’s can you sell a product in the market that will make a profit? Otherwise, it’s a farce.”
Click below to watch Krauthammer’s remarks:
[media id=883 width=400 height=300]