GM Trips OverThe Chevy Volt's Cord

On Friday, General Motors (GM) announced that it was suspending production of the Chevy Volt for 5 weeks in order for demand to catch up with production. At the same time, more than 1300 workers will collect a big chunk of taxpayer money in the form of unemployment insurance. All this just two days after President Obama touted the Volt and said he would buy one after he leaves office in "five years".

I really don't think 5 weeks will do the the trick. That's because Volt production had to be ramped to sell an estimated 60,000 cars in 2012. Last month, they only sold about 1,000. If that trend continues, that means sales are off by 80% from projection. By my calculations, they really need to shut down production for 40 weeks for demand to catch up with production. It is time that GM pulls the plug on this lemon and not just trip over the cord. Each of these lemons are costing the taxpayer $25,000 to build (Analyst: 'This might be the most government-supported car since the Trabant'). Once, again, Obama has Solyndrazized the American taxpayer with another silly green project.