The President's plan
Image via Wikipedia...The chances that the US will adopt electric cars is remote. Their range is too small and the cost of "fueling" them is too high. They don't work well in extreme weather and they are likely to leave a lot of people stranded around the country.
The nation heard: You should trust the government whose recent innovations include the ethanol debacle that, four days before the State of the Union, the government expanded. And you should surrender more resources to the government whose recent innovations include the wild proliferation of subprime mortgages.
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The day after Obama told the nation that the key to prosperity is creativity defined by this government and propelled by more government spending ("investment"), the Congressional Budget Office said that this year's budget gap is widening to $1.5 trillion, making the national debt 70 percent of gross domestic product, up from 40 percent in 2008.
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The government already offers $7,500 tax incentives for people who buy electric cars such as the $32,780 Nissan Leaf and, more to the point, General Motors' $41,000 Chevrolet Volt. As The Post's Peter Whoriskey reported, these prices are "well above" those of "comparably sized cars with gasoline engines that can cost about $20,000."
Obama's goal of getting 1 million such cars on America's roads by 2015 cannot be met unless innovative government rigs the market. Introduced in 2008, the $7,500 bribe was limited to the first 250,000 cars. Under Obama's stimulus, it was expanded to 200,000 per manufacturer. The Levins, uttering liberalism's timeless rallying cry ("More!") want it to cover 500,000 per manufacturer.
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The Democrats continue to be the party of irresponsibility when it comes to the national debt. That is one thing they do not have a plan to deal with.
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