Stimulus Recipient GE to Buy TARP Recipient Chevy's Volt
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- Created on Thursday, 11 November 2010 13:01
General Motors (GM) has put all of their eggs in one basket with the $41,000 Chevy Volt, a plug-in electric vehicle. As the parent company to Chevy, the brand that's releasing the Volt, GM was bailed out by American taxpayers and has yet to repay their loans. They're banking on the Volt to push them out of bankruptcy. Today General Electric (GE) announced plans to purchase 12,000 Chevy Volts in 2011. However, GE received money from the phony stimulus bill, so is this just a giant ponzi scheme? Well, it is the government!