California Property Rights Journal

Our federal government “invested” billons of dollars in GM with the understanding that GM would be developing the volt.    Way back in February, the Obama administration touted its goal of a millon electric cars on the road by 2015.  With all manner of government support, the volt has been a tremendous failure, as noted by Columnist Eric Peters at EricPetersAuto.com.   His description of the Volt is priceless. “… a $41,000 “economy” car that costs as much to buy as a fully loaded BMW 3-Series but which can’t match the day-to-day performance of a $15,000 Toyota Corolla.”     When government confiscates private property, it typically does so with the assumption that it has a use for the property that better serves the greater good.    When these government supported debacles fail, they are not abandoned, but must be “rescued.”   If the green industry cannot succeed on its own, let it fail.