Friday, March 9, 2012

Another Electric Car Fail

If you spend $100,000, I think you have a right to expect that your car will work first time, every time.

Another Electric Car Fail
RUSH: Have you heard about this new Tesla roadster? A $100,000 hybrid car. The Karma. It's a $100,000 hybrid car, high end. You can all afford a $100,000 car, right? This $100,000 hybrid electric car is being tested. It's in its moment of glory for Consumer Reports, and it just shuts down. It went kaput. It's $100,000. That's right. For the upper crust, the elites.

Here's the story: "A $100,000-plus Fisker Automotive luxury sports car died during Consumer Reports speed testing this week for reasons that are still unknown, leaving the struggling electric car startup with another blow to its image. 'It is a little disconcerting that you pay that amount of money for a car and it lasts basically 180 miles before going wrong,' David Champion, senior director for the magazine's automotive test center." Fisker Karma, the name of the car, good for 180 miles, and then you're on your own.

"In a statement, Fisker said it was assessing the source of the problem that caused its Karma plug-in hybrid to fail. Fisker dispatched two engineers Wednesday night to examine the car. Fisker has benefited from the publicity generated when actor Leonardo DiCaprio was handed the first Karma last summer and pop idol Justin Bieber received one as a gift this month." Oh, so they're giving these things away to actors. That's the marketing plan. Give 'em away. You will buy yours. The people who can already afford them will have them given to them.

I thought it was interesting that Rush said this:
"You will buy yours. The people who can already afford them will have them given to them."

Now that's true regarding this car, but it's also true regarding the rich getting richer. I dont' think I've ever heard Rush speak up on "hobby farms". Hobby farms are farms that millionaires have, people who can afford to pay for anything and everything they want. But they take those government grants just like poorer farmers do.

And that's the argument for sports stadiums. These sports owners are so rich - from their other businesses - that they can afford to buy their own stadiums. But god forbid they should spend their own money. Nope - it has to come from the tax-payers.

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