January 03, 2012
AP Graphics
By Mark Modica, National Legal and Policy Center
General Motors' much-hyped Chevy Volt has yet another distinction to add to its long list of commendations. We had all heard repeatedly about Motor Trends' Car of the Year award, Consumer Reports' recommendation and Jay Leno's love affair with the car, but the Volt now gets a less publicized, more deserved distinction from Yahoo Finance's 24/7 Wall Street site. The Volt has made the list of "The Worst Product Flops of 2011" and apologists for the vehicle are sure to, once again, attack the credibility of those issuing the opinion.
The Obama Administrations' favorite car has had a rough time of late with sales goals not being met, exploding cars at NHTSA and media exposure of the high cost to taxpayers regarding Chevy Volt subsidies and federal funding of township purchases. Considering all the money spent by GM to hype the vehicle, the Worst Flop award is well-deserved.
"He will have to explain to the American people why his vision for bigger government, more spending, and higher taxes will work over the next four years when it hasn't worked in the past three and a half years.” – Sen. Rob Portman on President Obama
On August 31, 1949, Secretary of Defense Louis Johnson announced the creation of an Armed Forces Day to replace separate Army, Navy and Air Force Days. The single-day celebration stemmed from the...
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