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Name:
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Barneget
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The obvious question is
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Date:
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10/22/2011 9:20:57 AM
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why would the central committee consider funding a company, with a business model built on producing $100,000 electric automobiles? I won't guess at their forecast profit margin, but at $100k each, even at a gross margin of 50%, (Ford, with nearly a century of mass production experience, runs with a gross in the low teens) the US taxpayer guaranteed portion of the loan can never be paid back unless they can sustain sales in excess of 40,000 units per year, for 10 years. Don't see that as realistic as even AlGore can't get his phatazz in one of them. We all know now, and many of us knew then, that the people's electric, the Chevy Volt, is on track for 5,000 sales annually, and that is only due to government entities buying 70% of them. Remember when GM introduced the Pontiac Aztek? It was a style nightmare and sales flop. GM issued the car to everyone who signed off on its production. We should consider a similar approach with our governments. If deemed good enough for us, it is good enough for you. Imagine elected officials and bureaucrats driven only in Chevy Volts, their security details armed only with pepper spray, eating only peas, waiting for medical care with the masses, having no access to Congressional banks featuring free checking and debit cards, ........
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