GE to buy 25K electric fleet vehicles

Government-subsidized GE to buy government-mandated car from government-owned GM with government-confiscated money....

by Aaron Smith

GE said Thursday it will buy 25,000 electric vehicles for its fleet through 2015 in the largest-ever purchase of electric cars.

GE will begin with an initial purchase of 12,000 vehicles from General Motor Co., starting with Chevy Volt in 2011. The conglomerate said it "will add other vehicles as manufacturers expand their electric vehicle profiles."

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Commentary by I Hate The Media:

Unfortunately, we don’t have one of those handy Glenn Beck chalkboards, but please stick with us as do our best to explain this situation.

Corporation A (let’s say General Electric) heavily invests in green technology that no one wants. When this tech fails to generate revenue adequate to bankroll its own existence, stimulus funds are provided to help keep the company afloat.

Corporation B (let’s say General Motors) is effectively taken over by the government. At the government’s direction, an electric car is designed and manufactured. Although it is touted as an innovation in green technology, no one wants it.

Corporation A, which is awash with taxpayer stimulus cash, promises to buy at least 25,000 of these cars from Corporation B, which is awash in government ownership. The sticker price is $41,000 per unit, although it is possible that Corporation A will get a handsome quantity discount from Corporation B.

Simultaneously, congress is pursuing legislation that will force consumers to use green tech. The same sort that Corporation A is so heavily invested in.

Surprisingly, this story was not reported by Corporation A-owned MSNBC.