Video: Barack Obama’s failed electric car initiative

  When Barack Obama invested $2.4 billion in the electric car industry he promised it would help to put a projected 1 million electric cars on the road by the year 2015. As we can see in the following video, which I found at The Right Scoop, the projections have fallen well short of the goal and out of the 11 models included in this projection 6 models have either not delivered a single vehicle or have already gone out of business.

  It is clear to me that the Obama regime purposely inflated the projections in an effort to justify the investment and while these projections were never realistic in the fist place the actual output from these companies falls well short of what could be even be considered a step in the right direction. If the projections were even just a little bit close to reality the Obama regime might be able to claim that while progress was slower than hoped for it was still being made and he could try to justify the program that way, but at this point it looks like this investment was an abject failure.

  So what is Barack Obama’s solution? More of the same failed policies–he wants to spend an additional $4.7 billion of taxpayer money on this debacle because he is simply to arrogant to admit his policy is a failure.