Another Disaster… Obama’s $5 Billion Electric Car Dream Bankrupt and in Shambles

Barack Obama had a dream.
He wanted one million electric cars on the streets in America by 2015.
(Further proof that he’s a community organizer not a businessman)

But, his electric car dream has hit roadblock after roadblock starting with the failed multi-million dollar Fisker Carma boondoggle.

80% of Obama’s green energy loans went to donors – at least 19 companies went bust.

Obama has spent at least $5 billion on electric cars.

Now it looks like the whole electric car push is running out of juice.
Reuters reported:

Are electric cars running out of juice again?

Recent moves by Japan’s two largest automakers suggest that the electric car, after more than 100 years of development and several brief revivals, still is not ready for prime time – and may never be.

In the meantime, the attention of automotive executives in Asia, Europe and North America is beginning to swing toward an unusual but promising new alternate power source: hydrogen.

The reality is that consumers continue to show little interest in electric vehicles, or EVs, which dominated U.S. streets in the first decade of the 20th century before being displaced by gasoline-powered cars.

Despite the promise of “green” transportation – and despite billions of dollars in investment, most recently by Nissan Motor Co – EVs continue to be plagued by many of the problems that eventually scuttled electrics in the 1910s and more recently in the 1990s. Those include high cost, short driving range and lack of charging stations.

The public’s lack of appetite for battery-powered cars persuaded the Obama administration last week to back away from its aggressive goal to put 1 million electric cars on U.S. roads by 2015.

It was a nice dream.
But, it never was going to work. And, anyone with common sense would have understood this before they blew $5 billion on the failed venture.

Get news like this in your Facebook News Feed,
Gateway Pundit

Commenting Policy

Please adhere to our commenting policy to avoid being banned. As a privately owned website, we reserve the right to remove any comment and ban any user at any time.

Comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal or abusive attacks on other users may be removed and result in a ban.

Facebook Comments

Disqus Comments

  • You won’t see this on evening news

  • Pingback: Another Disaster… Obama’s $5 Billion Electric Car Dream Bankrupt and in Shambles()

  • SeniorD

    Key words here “,,,anyone with common sense…” has common sense EVER been even nominally present in this Regime?

    Didn’t think so.

  • Wow. Who knew?

  • Buffalobob

    When will these people be put in jail?

  • Bigkahuna

    My personal opinion is hydrogen based fuels will be the future of cars if any. It could be hydrogen gas or maybe more so solid type fuels. I have read a few articles that discussed the possibility that you would simply buy a Carthage or several at a store similar to the way we buy propane tanks. And then plug them in and drive away. Then they can be recharged at some local facility. No waiting for batteries to charge. Simply exchange, plug and go.

  • Patty

    He certainly has the mightiest touch when comes to flops.

  • Patty

    Coal? isn’t that part of Electricity in one way or another?

  • cavt

    What happened to the govt controlled Volt? Never hear anything about it anymore. Heard they were staying above water because govt ee’s were forced to drive them. Have seen very few on the road though.

  • Rachelle

    Typical socialist foul-up.

    We need a special prosecutor to look into the heavy loading of donors to O for this mulcting of the taxpayers.

    He wants more taxes. He must have more criminals to pay off for their contributions.

  • Patty

    [………………………………]

    The Obama Campaign Has “Barred” Coal Supporters From Their Events

    Clean Coal Supporters Were Asked To Leave An Obama Event In Bowling Green, Ohio. “Wednesday at a rally for President Obama in Bowling Green, Ohio, clean coal advocates in their T-shirts and hats were asked to leave and their video tracker filming their treatment was filmed by an event video tracker.” (Paul Bedard, “Coal Supporters Harassed, Barred At Obama-Biden Events,” Washington Examiner , 9/26/12)

    Clean Coal Supporters Were Barred From Entering A Biden Event Held In Chesterfield, Virginia. “At a Chesterfield, Virginia rally Tuesday for Vice President Biden, clean coal supporters said that their T-shirts, hats and signs were taken as they passed through security. Others said that they were barred from entering after an official who had earlier confiscated clean coal T-shirts called it a ‘private event.’” (Paul Bedard, “Coal Supporters Harassed, Barred At Obama-Biden Events,” Washington Examiner , 9/26/12)

    “Officials At The American Coalition For Clean Coal Electricity Say They Are Flummoxed” By The Obama Campaign’s Actions. “Officials at the American Coalition for Clean Coal Electricity say they are flummoxed by the actions. They have been pressing both Obama and the Romney campaigns to endorse their goal of promoting high tech coal plants that produce cleaner energy and do not yell or jeer at political rallies. The advocates stand out in their blue shirts and hats, some of whom even made to the floor at last month’s Republican National Convention in Tampa, Florida.” (Paul Bedard, “Coal Supporters Harassed, Barred At Obama-Biden Events,” Washington Examiner , 9/26/12)[…………………………]

    http://www.gop.com/news/research/the-cost-of-obamas-inconsistency-on-coal/

    READ SO MUCH MORE ABOUT THIS SOCIALIST VIEWS

  • tek

    Since much of the electrical power in the USA is produced by coal, it’s odd that the President was pushing what were often, in effect, coal-fired cars.

    It’s getting to the point that people will have to stop accusing this administration of picking winners and losers.

  • Patty

    #11

    IS an older article but you get the point.

    everything Obama finds important is not to the normal common sense thinking American.

    What he has done on EVERYTHING, is complete opposite as to what a President of these United States should be doing.

    So, no surprise, the next four years will keep bringing the same.

  • Patty

    another disaster:

    OT sorta

    Woman Arrested While Refusing Smart Meter Installation on Her Property Tells Us Her Story

    http://www.theblaze.com/stories/2013/01/24/woman-arrested-while-refusing-smart-meter-installation-on-her-property-tells-us-her-story/

  • Patty

    http://www.americanthinker.com/2012/10/obamas_epa_plans_for_2013.html

    Gas regulations
    Farm dust regulations
    Coal regulations
    Green house regulations
    Ozone regulations
    Hydraulic Fracturing
    Run off regulations
    Storm water regulations

    Cement MACT Rule: EPA’s Cement MACT rule could cause 18 plants to shut down, throwing up to 80,000 people out of work. As more and more cement has to be imported from China, concrete costs for the construction of roads, bridges, and buildings that use cement could increase 22% to 36%. As with Boiler MACT, due to Congressional opposition, EPA is now reconsidering certain aspects of the rule, which will not be seen until after the election.

    Read more: http://www.americanthinker.com/2012/10/obamas_epa_plans_for_2013.html#ixzz2JzFmctzq
    Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

    And then those Bankrupted Solyndras. Our jobs are lost, more are out of work and China is getter richer.

    But those electric cars will really get this nation running.

  • B.O. don’t know diddley squat

    Correct me if I’m wrong.

    Isn’t Barack Greek for bankrupt?

  • jharp

    Why are you all rooting for America to fail?

  • SeniorD

    Bigkahuna – where did you find those papers? Tie that technology to electric drive wheels and you’ve got something.

    jHarpy – why are you a troll?

  • Pingback: Anonymous()

  • WillofLa

    Hey, I’ve got an idea, why don’t they come up with a design for a coal fired car!! How ’bout that one??

    All you have to do is shovel some coal into the cooker and it heats up a tank full of water, kind of like the old trains used to use to chug down the railroad tracks. As a matter of a fact why don’t we just rip up the highways and streets and put down train tracks and that way we wouldn’t even have to worry about accidentally steering into someone because we’d be on tracks!! Doesn’t that sound just peachy? Just ignore all that smoke and sparks flying everywhere, let alone the smog. Let’s all just go backwards in car design and screw the consequences.

    Obama doing the things he’s done with our money is unauthorized use of taxpayer funds and is a empeachable offence.

    Otherwise, why don’t they just tell us that they already have anti-gravity vehicles that some see flying around late at night that don’t make any noise, no exhaust, and plenty of power for everything. That way we can go as slow as we want or as fast, up to 10,000 miles per hour is what I’ve heard. Our government has alot of that kind of stuff they aren’t telling us that go along with those high tech microwave weapons they’re holding onto waiting to use on us. And it has to be us because they aren’t using them in Afghanistan unless it’s at night time or way up in the mountains where no one could see what they are using.

    Why doesn’t someone get the military and march them up to the White House, or the golf course, where ever Obama can be found, and walk right into there and arrest that Kenyan Communist who thinks he can do whatever he wants Constitution or not?

    And how about the helicopters with somekind of soldiers, probably “National Civilian Police Force” Obama wants that is, “…just as well funded, just as trained…”, and wouldn’t tie up our military who are fighting in the war against terror. And Obama is planning on using those high tech weapons in order we decide we’re not going to obey his weapon confiscations he is going to pull out of his butt.

  • senah

    LOL, even with a 10K rebate, they still cannot sale these POS electric cars. You take out the USG purchase on these cars and the public sales numbers are even more dismal.

  • Winston Wolfe

    Why are you all rooting for America to fail? – jharp

    Yeah. Not wanting $5 billion of our tax dollars being thrown down a rathole paying off his cronies is ‘rooting for America to fail.’

    Are you a natural @sshole, or do you have to work at it?

  • Pingback: Religio-Political Talk (RPT) When Government Picks Winners and Losers ~ Taxpayers and the Working Class are Hurt the Most()

  • Highlander

    On the contrary jharp, it is YOU and your handlers who are trying to make America fail. We are trying to stop you. That’s exactly why we publish stories like this …

    Despite what you were taught in “progressive” school, you cannot turn lies into truths by repeating them over and over, especially not here. Those tactics used to work, but that was before the advent of modern communications and the new media. You know, it seems you’ve missed your calling by about 70 years. You would have been a real asset to someone like Hitler …

  • Highlander

    I think sphincter boy works very hard at it Winston. Nobody on God’s green earth is born that way…

  • WillofLa

    Patty,

    Go to [email protected], Kathern(?) Abright (spychips.com) and you will find all kinds of stories she has written on her own work with Smart Meters and has been on the cutting edge of stopping these dangerous things. She has been on Coast To Coast AM several times talking about these. Her site has a “opt out” form you can copy and hold until you have to send it in.

    Here in my hometown they haven’t come up with trying to put those things on our houses yet, but they put some kind of gas meter on my house that has a sending unit on it. I querried them about it to length before they put the thing on and they said it wasn’t anykind of “smart” anything. They said all it did was send the numbers to the meter reader while he drove down the street slow. They said he activates a signal to your meter and that’s the only time that it is activated. There’s no electric wire or anything going to it though, but somehow it can send in the numbers so that the meter reader doesn’t have to try to get into your back yard with dogs and whatever, locked fences, they don’t have to call you periodically to let the man in the yard to read the meter. I can remember when I had to do that. I had to put the dogs in the house, they’re going crazy to get at the guy, and I let him in the back yard to read the gas meter. Now he doesn’t have to do that. He just drives by.

    Now, my water company wants to put a sending unit on my water meter out on the rightaway in front of the house where my meter is in the ground. I guess they don’t want to pay some guy to walk around reading those meters. I actually do see a guy going around each month with his metal rod picking up the little door on the box where the meter is and holds a electronic device in his hand and manually puts in the numbers. Now, they want to do that by just driving by instead.

    What’s next the “Smart Meters” so a guy doesn’t have to come by? Well, it’s been years since I ever saw a electric meter reader guy coming by to read the meter. Here in my town you can’t have that meter where the man can’t get to it. It has to be outside your fence where no dogs could bite the guy and all that, and where he can stand out away a distance with the reading device and let it communicate with your meter to get the numbers.

    Katherin’s site also talks about “digital” meters that she said some towns have tried to install before the smart meter comes out. She says those things are dangerous to and do something similar to what the smart meter does, just differently.

  • USAF 77-84

    It’s time to bring out the electric car. free unmetered natural gas from your septic tank, hydrogen fuel from water-tap water,sea water,drain water any water. http://section7.org/ci/2012/ – the website is PRESS Core – done by Paul W. Kincaid

  • Sasja

    We have had smart meters for a couple of years. Then the electric company starting touting smart thermostats…or whatever they’re called. Supposed to save the user money on the electric bill. Just one problem, the utility can monitor the temp settings and make adjustments accordingly. Want it set to 70 but the utility wants it set to 78? You’re SOL. Since the units are expensive the utility was giving rebates. They’re also big on wind turbines.

    Well, we don’t have one and don’t want one.

  • Bigkahuna

    Senior D it was on an alt energy site a few years ago. There is a company called chorus motors that makes motors for electric cars. I don’t believe they require any rare earth metals that are heavily controlled by china. Interesting company

  • USAF 77-84

    Why not a car powered by an eletric motor?

  • Patty

    HOW MANY TIMES CAN OBAMA LIE IN ONE SPEECH?
    [……………….]

    In the address, Obama said, “Just a few years ago, the auto industry wasn’t just struggling. It was flat‑lining. GM and Chrysler were on the verge of collapse. Suppliers and distributors were at risk of going under. More than a million jobs across the country were on the line. And not just auto jobs but the jobs of teachers, small business owners, and everyone in communities that deny on this great American industry. But we refuse to throw in the towel and do nothing. We refuse to let Detroit go bankrupt.”

    “He didn’t bail out GM. George Bush bailed out GM. And I remember because I was against the bailout. So every time that Barack Obama is saying he bailed out GM, he’s lying to you. It was George Bush that did it,” Glenn said.

    “It’s not like nobody was taking action. George Bush, he was already down there with his feet in the mud throwing all the dirt out of the hole, digging it. And then you got in. And George Bush, I’m convinced George Bush would have kept digging that hole as well,” he added.

    The President continued, “We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way.”

    “If you would have bet on American ingenuity, you also wouldn’t have dictated it was the Chevy Volt and not the hydrogen car. I mean, they mothballed the hydrogen car. That was one of the biggest problems that I had with GM,” Glenn said.

    Obama also claimed that GM was number one in the auto industry, also untrue. Toyota, the Japanese auto company, had long been number one but was battered by recalls and a tsunami that hit Japan allowing GM to claim the top position in 2011. Toyota has since retaken it’s dominant spot in the auto-industry.

    http://www.glennbeck.com/2012/10/15/how-many-times-can-obama-lie-in-one-speech/

  • Patty

    [……………..]

    HOW MANY TIMES CAN OBAMA LIE IN ONE SPEECH.

    In the address, Obama said, “Just a few years ago, the auto industry wasn’t just struggling. It was flat‑lining. GM and Chrysler were on the verge of collapse. Suppliers and distributors were at risk of going under. More than a million jobs across the country were on the line. And not just auto jobs but the jobs of teachers, small business owners, and everyone in communities that deny on this great American industry. But we refuse to throw in the towel and do nothing. We refuse to let Detroit go bankrupt.”

    “He didn’t bail out GM. George Bush bailed out GM. And I remember because I was against the bailout. So every time that Barack Obama is saying he bailed out GM, he’s lying to you. It was George Bush that did it,” Glenn said.

    “It’s not like nobody was taking action. George Bush, he was already down there with his feet in the mud throwing all the dirt out of the hole, digging it. And then you got in. And George Bush, I’m convinced George Bush would have kept digging that hole as well,” he added.

    The President continued, “We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way.”

    “If you would have bet on American ingenuity, you also wouldn’t have dictated it was the Chevy Volt and not the hydrogen car. I mean, they mothballed the hydrogen car. That was one of the biggest problems that I had with GM,” Glenn said.

    Obama also claimed that GM was number one in the auto industry, also untrue. Toyota, the Japanese auto company, had long been number one but was battered by recalls and a tsunami that hit Japan allowing GM to claim the top position in 2011. Toyota has since retaken it’s dominant spot in the auto-industry.

    http://www.glennbeck.com/2012/10/15/how-many-times-can-obama-lie-in-one-speech/

  • Patty

    SORRY, FOR DOUBLE POST.

  • bigkahuna

    USAF electric has to be generated somehow…. Batteries, hydrygen gas, hydrogen solid fuel, or some other method that can generate electricity on board. The company I mentioned has plans for a motor on each wheel I believe.

  • Patty

    Jobs, economy, thriving American is right under our feet. We can turn this bus around.

    Sad, Obama has thrown an opportunity away.

  • USAF 77-84

    Hey bigkahuna, did you go to the link on put on comment #32. it’s in there how he’s building this vehicle powered by a eletric motor.

  • Redwine

    The whole cursed “green” thing is nothing but a money laundering scam for Comrade Hussein’s crony capitalist fellow travelers.

  • dwdude

    #27
    winston

    jharp is a drive by douchebag…

  • Highlander

    USAF, I hate to pop your bubble, but that’s impossible. Energy cannot be created or destroyed, it can only change form, and with every conversion, there are LOSSES. What he is describing there is a perpetual motion machine, and it’s a physical impossibility. One of the oldest scams in the book …

    If that was possible, nobody would ever have to buy energy again … which is why it’s so easy to scam people with the idea …

  • Pingback: Another Disaster… Obama’s $5 Billion Electric Car Dream Bankrupt and in Shambles | Born Conservative()

  • OxyCon

    Just to show what a dumb ass ideologue Obama, is he never wrapped his mind around the disconnect between his desire to put 1 million electric cars on the street while simultaneously bankrupting coal fired electric generation plants.

  • Ghost

    alottalotta fascinating facts in the early history of the automobile industry-
    among them, the industry tried very hard to produce electric cars, as well as steam-powered automobiles, but they weren’t working very well, especially for mass production and reliability.

    how Rockefeller and Ford came together to create our modern America is your homework assignment.

    the internal combustion gasoline engine on four wheels is the greatest expression of FREEDOM! in our modern world. (in the 19th century it was a horse and a gun)

    have you ever considered that in our America, for all of your life, you’ve been able to jump in your vehicle at any time and travel anywhere on the continent, assured of decent roads, gasoline stations, rest and supplies anywhere you go whenever you needed.
    compare to any other time, anywhere in the world… now, do you feel grateful, lucky, blessed?

  • Sorry to Live in Illinois

    I hear they work well on the golf course.

  • Look-Out

    Rob Portman making sense…

    “I have proposed legislation that I’ll be introducing our first day we’re back that says let’s do a dollar-for-dollar reduction. So if we raise the debt limit a dollar, let’s have a dollar reduction over 10 years. That happens to get us, over 10 years, back to about 20 percent of spending as a percent of our economy, which is where we’ve been historically since World War II. So I think there’s a logical way to get through this.”

    Portman said Congress also needs to deal with the “important but unsustainable” entitlement programs.

    “If we just extend this debt limit without doing anything on the deficit and this long-term debt, I believe that we face the risk of another downgrade.”

    http://cnsnews.com/news/article/portman-obama-misleading-americans-saying-we-ought-pay-our-bills

  • Whiskeytangofoxtrot

    I want our money back. We need to dun the Communist-in-Chief on down for ALL of their shameless and brainless boondoggles!

  • burt

    Electric cars have been obsolete for 100 years, like windmills. Truth is, most Americans do NOT study science. Why bother? It takes effort. If your sub is 11″ long and not 12″ as advertised, you can sue. Get yourself a jury of morons and you’ll be set for life.

  • dunce

    Obama has his own method of measuring ROI (return on investment) , none of it was his money so the I=zero. The return was how much campaign cash was kicked back and how many votes did it buy, anything > than zero is all good.

  • Pingback: Insight: Electric cars head toward another dead end | Grumpy Opinions()

  • AlwaysRight

    Tennessee Senator Lamar Alexander bought an electric car, locally, and had it DELIVERED to Wash DC so he could/can tool around the Capitol “being green”. Oh, how I love my political class. Jerks.