from Chip Bok:
The president wants to give a jolt to the Volt, despite your company’s (GM) record earnings.
Obama’s cash for the flaming clunker plan would bump the buyer subsidy from $7,500 to $10,000. The average volt buyer earns $175,000 per year. That’s the top 5%, class warriors. Since we’re broke, we’ll be paying with interest.
Speaking of debt, don’t worry. Mark (The End is Near) Steyn uses Obama’s own OMB debt chart to show that the “ultimate President’s Day Sale” comes in 2027, the year the economy shuts down.
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