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* The GM VOLT! $41,000 For A 40-Mile Car! YOU SUCKERS READY TO BITE? - 2
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http://groups.google.com/group/alt.autos.nissan/t/1ba215daec429385?hl=en
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TOPIC: The GM VOLT! $41,000 For A 40-Mile Car! YOU SUCKERS READY TO BITE?
http://groups.google.com/group/alt.autos.nissan/t/1ba215daec429385?hl=en
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== 1 of 2 ==
Date: Sun, Aug 1 2010 7:32 pm
From: Michael Coburn
On Sun, 01 Aug 2010 11:57:22 -0700, rlbell.nsuid@gmail.com wrote:
> On Jul 30, 9:12 pm, Michael Coburn <mik...@verizon.net> wrote:
>
>> [quoted text muted]
> The problem with that is if the return on government backed securities
> is below the rate of inflation of the US dollar, there is a strong
> incentive to abandon using the US dollar as a reserve currency.
Oh how I wish there was a gradual way to do that. Right now the phrase
"moderate inflation" seem to be a unicorn. But In the real world,
America will have big problems if it can't get off of the oil teat. That
is the _ONLY_ real problem.
> With
> sovereign wealth funds shifting away from the dollar, the only way to
> finance the gap between federal taxation and federal spending is by
> inflating the currency.
Good idea.
> The return on government backed securities has
> to exceed inflation to keep organizations fronting the money to float
> the debt.
That is not actually true. It really depends on _All_ the options.
Right now the dollar is losing value and the euro regaining value. But
we need more of it. We need more inflation than what we currently have.
> By keeping the yield high, relative to inflation, the federal
> government can borrow back the trade deficit to finance the government
> deficit.
Why do you think that the Fed or the Treasury needs to borrow what it can
print or what it can tax for?
> The US has the structural problems of heading towards a
> greek-style debt crisis, but with no group of nations having enough
> money to bail it out.
That is actually hilarious. A nation that prints its own money and whose
debt is DEFINED in its own money, cannot EVER have a "greek-style" debt
crises. There are other dangers but a "greek-style" debt crises is
certainly not among them.
> High yields on treasury bills will extend the
> amount of time before The Reckoning that finally forces the government
> to only spend what it collects in taxes (the forced elimination of the
> welfare state).
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!
There is no reason to borrow. There has been no reason for it since
1973. What should have been happening over the last 30 years was the
creation of a system in which government must tax money back out of the
economy or risk extreme currency devaluation and inflation. There should
be no borrowing.
As far as ending the welfare state, idiot. The current SS and Medicare
systems aren't the problem, and if they are then the solution is going to
be insurance premium increases (FICA and MEDICARE are insurance
premiums). The problem causing the deficits is too much military crap
and insufficient taxation of the people that _WANT_ imperialism.
--
"Senate rules don't trump the Constitution" -- http://GreaterVoice.org/60
== 2 of 2 ==
Date: Mon, Aug 2 2010 11:02 pm
From: "Edmond H. Wollmann"
"Palin'sAbortion" <kinkysr@yahoo.com> wrote in message
news:10c4e920-8fca-453c-bf6b-2da7dd9f58b5@c10g2000yqi.googlegroups.com...
> Let's see, a trip from Washington, D.C., to Orlando, strictly on
> electric power, will require ONE WEEK! But that includes just
> recharging of the battery.
>
> Including layovers, rest and eating -- allow TWO FULL weeks.
>
> Face it folks, electric cars are no more than fads for the rich at
> this point in time.
>
> Tom Hanks will have to have his Volt recharged twice just to get down
> his driveway to the Interstate.
>
> For we ordinary motorists, the technology is years off.
>
> In fact, we might be cited in alt.obituaries before we can buy one
> that's meant for driving as we know it.
>
>
> ----------------------------
> "GM Volt's price induces some sticker shock"
>
> By Peter Whoriskey
> The Washington Post
> Wednesday, July 28, 2010; A10
>
>
>
>
> The long-anticipated Chevrolet Volt, General Motors' electric car,
> will cost $41,000, the company announced Tuesday, leaving consumers to
> decide whether its environmental appeal is worth a price far above
> that of similarly sized conventional autos.
>
> Electric-car technology has been around for years, but the high cost
> to make the vehicles has prevented automakers from producing them for
> the mass market. The price announcements for the Volt and its electric
> rival, the Nissan Leaf, have been highly anticipated as a result.
> Nissan, the only other major manufacturer expected to bring such a
> vehicle to market this year, said the Leaf will cost $32,780.
>
> GM and Nissan are relying on a $7,500 federal tax credit for buyers of
> electric vehicles to offset some of the added cost, and they're hoping
> that the allure of their novel power source will make up the rest.
>
> "The Volt is a game-changing product," said Tony Posawatz, GM's
> vehicle line director for the Volt, which is expected to hit showrooms
> in November 2011.
>
> (Photos: 2010 International Auto Show)
>
> Although the prices are high, enthusiasts say that electric cars can
> reach a large, untapped market for vehicles with little or no tailpipe
> emissions.
>
> The Volt can travel 40 miles on its battery charge and an additional
> 340 miles on a gasoline-powered generator. The all-electric Leaf has a
> range of 100 miles.
>
> During the 2008 presidential campaign, then-Sen. Barack Obama pledged
> to put 1 million plug-in vehicles on the road by 2015.
>
> But some analysts said they doubt that electric cars can reach a broad
> audience in the near term. Hybrid cars took about eight years to reach
> the million-unit sales mark in the United States, according to Energy
> Department figures.
>
> "I'm not sure the Volt is going to be a volume vehicle," said George
> Magliano, director of automotive industry forecasting for North
> America at IHS Global Insight. "The technology still isn't there to
> make them cheap. At the end of the day, the consumer pays a hefty
> premium to make a statement."
>
> To move the industry along and bolster U.S. manufacturing, the Obama
> administration has put its weight, and billions of dollars, behind an
> effort to develop electric cars and batteries in the United States.
>
> In developing the Volt, GM is seeking to fulfill its promise to
> Congress during the government bailout to move beyond gas-guzzlers.
> The company had been planning the Volt long before it neared
> bankruptcy last year, however, as an attempt to leapfrog Toyota in the
> quest for fuel-efficient vehicles.
>
> The president has expressed optimism that automakers will be able to
> lower the price tag of electric-vehicle technology. Earlier this
> month, he suggested that major reductions in battery costs, one of the
> primary reasons electric cars are more expensive, are on the horizon.
>
> "Because of advances in the manufacturing, [battery] costs are
> expected to come down by nearly 70 percent in the next few years,"
> Obama said at the site of a planned battery factory in Michigan.
> "That's going to make electric and hybrid cars and trucks more
> affordable for more Americans."
>
> Both the Volt and the Leaf will cost considerably more than rival
> gasoline-powered compact sedans, such as the Honda Civic or the Ford
> Focus, each of which costs under $20,000.
>
> Price is only one potential barrier to mass adoption, however.
>
> Consumers must also get accustomed to plugging the cars in at home. It
> takes hours to recharge the vehicles, and in the absence of a network
> of public recharging stations, drivers that run out of juice may need
> a tow truck.
>
> Both Nissan and GM are planning relatively low production levels at
> first, especially compared with the more than 11 million vehicles
> expected to be sold nationwide next year.
>
> GM plans to produce 10,000 Volts next year, and 30,000 in 2012,
> company officials have said. Nissan has indicated that it will sell
> about 25,000 Leafs in the United States next year.
>
> (U.S. government borrowing is $1.4 trillion this year - could buy
> 36,750,000 volts or ...)
>
> As the only two major manufacturers preparing to mass-produce cars
> that can run on batteries, GM and Nissan are engaged in a debate over
> price and capability.
>
> On purchase price, the Leaf is significantly less, though the leasing
> prices are very similar. The Volt will also be available by lease with
> a monthly payment of $350 for 36 months and $2,500 due at signing, the
> company said.
>
> "The Chevrolet Volt will be the best vehicle in its class . . .
> because it's in a class by itself," said Joel Ewanick, vice president
> of U.S. marketing for GM. "No other automaker offers an electrically
> driven vehicle that can be your everyday driver, to take you wherever,
> whenever."
>
> http://www.washingtonpost.com/wp-dyn/content/article/2010/07/27/AR2010072705834.html
Only dumb and stupid American suckers would fall into this shitty vehicle.
Just look at your Forklift and hybrid vehicles, all batteries have 4-5 yr
life span.
Not worth $41K, $14K should be appropriate, it's called inconvenient car.
You still have to pay a lot of money on Electricity bill. It would suck
like your Oven 3,500 - 4500 watt for 3-4 hour charges..
I know all about Heavy duty battery, so beware suckers. This will drag down
your power line if more suckers buy this shit.
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