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.

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  • ursusamericanus

    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.

  • http://Americanthinker paul

    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)[…………………………]


  • 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


    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

  • Patty

    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:
    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?

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  • 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.