Quote from AAAintheBeltway:
I'm afraid this post cast a lot of doubt on the credibility of your other posts about Volts. What ticked people off is that the Obama administration ran roughshod over bondholders, other creditors and BTW a lot of dealerships so that they could hand a giant taxpayer-financed subsidy to the UAW, a big obama and democrat party contributor. They called it "saving jobs", but to many, it looked like a rip-off and payoff. Ironically, it went to the very people whose lavish benefits, etc made GM uncompetitive in the first place.
There is no reason GM and Chrysler could not have been reorganized in a traditional bankruptcy. The viable components would have been preserved, but under a cost structure that made some sense. All Obama ende up doing was kicking this particular can down the road by a few years, which seems to be his policy on quite a lot of issues. Does anyone doubt that GM, under its current cost structure, will require another bailout in the near future?
Turning to the Volt issue, you say they are on allocation, but the article I posted said only a very small percentage of those that have been made have been sold. Now either you or the author are wrong or GM is for some reason holding Volts off the market. Which is it?