To contact us Click HERE
What nonsense to think Mr Obama has any intention of dealing with our problems - he has no clue about anything except how he can gain advantage for progressives in the next election, 2016, where a boat load of senators will come up for reelection.
Believe, Mr Obama will not do anything that will bring prosperity to this country. Food and energy alone will drive millions into poverty. Who ever voted for Mr Obama, and their are millions that should know better, will have to take the responsibility for the destruction of our way of life. In hind site, progressive socialist Democrats have never taken responsibility for anything they have done, not ever. Only Republicans are held to a higher level of moral and fiscal responsibility.
We had one chance to turn our country around but voters decided enslavement and poverty was a better choice then personal freedom and prosperity. Go figure!
The Fiscal Cliff: A Primer
Source: "The Fiscal Cliff: A Primer," Tax Foundation, November 8, 2012.
November 12, 2012
With almost no time to celebrate his reelection, President Obama must quickly come to an agreement with lawmakers on the "fiscal cliff," a combination of spending cuts and tax increases that pose a threat to the fragile economic recovery, says the Tax Foundation.
The fiscal cliff includes such things as:
•Expiring provisions of the 2001 and 2003 Bush Tax Cuts.
•A compromise that will increase the estate tax.
•A patch in the Alternative Minimum Tax.
•A temporary 2 percent payroll tax holiday.
•Five new taxes as a result of the Affordable Care Act.
•In total, the tax increases are slated to cost around $514 billion.
•Additionally, there are spending cuts of $109 billion.
The federal government is borrowing an average of $2.7 billion a day. As a result, the debt is expected to approach the ceiling by the end of 2012, possibly as late as February 2013. Lawmakers expect another political fight between Republicans who resist any future increases to the debt, at least without spending cuts, and Democrats who favor increasing the debt without any future deficit reduction plans.
In the debt ceiling negotiations between Obama and Congress, lawmakers failed to agree on a $4 trillion deficit reduction plan. A law passed in August 2011 stated that if Congress was not able to implement a deficit reduction plan over the next 10 years, then there would be automatic cuts to both defense and non-defense discretionary items. This was done in part to make the cuts so unreasonable to both parties that there would be cooperation in coming up with a deficit reduction plan.
In addition to the debt ceiling, Congress will also pass a new budget or a continuing resolution before March 2013. The last federal budget was passed in April 2009 and since then any spending authorizations have been done through continuing resolutions. In the upcoming year, Congress has the chance to enact a new budget that can reevaluate the priorities of different programs that receive federal funding.
13 Kasım 2012 Salı
Election Thoughts : Why / Who Voted Progressive
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Just a short note for those of us still trying to digest what took place last Tuesday, how our fellow citizens seem to have voted from a position of ignorance on the issues that face our country and it's future. Are we better off now then four years ago?
As hard as I try I can't come to grips with the fact so many people decided that the last four years of the Obama administration of complete failure apparently didn't exist, and that four more years of the same nonexistence will improve our collective well being. More of nothing is not the way forward even if your are living in a bubble based on hope and change.
Last Tuesday we saw, in Wisconsin, voters elect two people that have long histories showing them to be more liberal then anyone in our collective memories to run for high office, and yet, by a good margin, won the presidency and a senate seat over center right candidates.
The histories these two candidates show they have voted for ever issues that has been proposed that will take our freedom and liberty away through more government control and regulation, ObamaCare the worst one, and proclaimed during their campaigns they want to go even further in this direction if elected, got a standing ovation for their efforts. What exactly does this say about the voting public?
It will take a few weeks, if not months to fully digest these complex issues and then get to work finding ways to change the course of events in 2014 when a large number of senators will be up for reelection, many of them are progressive Democrats. Taking back the senate will be a good first step for us to reclaim our country.
The news stories that are coming to light now regarding the deaths of our ambassador in Libya and now with the CIA chief and his girl friends as well as the economic disaster coming, will begin to shift the tide in favor of common sense which should help to wake up the public conscience to who they elected. That is, if the Republicans have the back bone to stand up for what they know is right, principled Conservatism, but I sincerely have my doubts concerning their commitment given their past record.
As hard as I try I can't come to grips with the fact so many people decided that the last four years of the Obama administration of complete failure apparently didn't exist, and that four more years of the same nonexistence will improve our collective well being. More of nothing is not the way forward even if your are living in a bubble based on hope and change.
Last Tuesday we saw, in Wisconsin, voters elect two people that have long histories showing them to be more liberal then anyone in our collective memories to run for high office, and yet, by a good margin, won the presidency and a senate seat over center right candidates.
The histories these two candidates show they have voted for ever issues that has been proposed that will take our freedom and liberty away through more government control and regulation, ObamaCare the worst one, and proclaimed during their campaigns they want to go even further in this direction if elected, got a standing ovation for their efforts. What exactly does this say about the voting public?
It will take a few weeks, if not months to fully digest these complex issues and then get to work finding ways to change the course of events in 2014 when a large number of senators will be up for reelection, many of them are progressive Democrats. Taking back the senate will be a good first step for us to reclaim our country.
The news stories that are coming to light now regarding the deaths of our ambassador in Libya and now with the CIA chief and his girl friends as well as the economic disaster coming, will begin to shift the tide in favor of common sense which should help to wake up the public conscience to who they elected. That is, if the Republicans have the back bone to stand up for what they know is right, principled Conservatism, but I sincerely have my doubts concerning their commitment given their past record.
Living On the Coast : Live at Your Own Risk!!
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The best way to solve the migration to the coast if to tell all those that are living in harms way they are on their own. If they can afford the insurance premiums that will rebuild their homes if they are destroyed by floods or high winds, good for them. But if you can't afford the insurance and still want to live by the water in harms way, then do so at your own risk.
Oh wait, I forgot to say, the federal government will not come to your rescue. If you are wiped out, to bad, find some place else to live. It's not the responsibility of the taxpayers to support the lack of common sense or stupidity. I mean, to believe all this heavy weather is global warming given all the evidence that proves otherwise, is stupidity.
Actions Speak Louder than Words
Source: Swaminathan S. Anklesaria Aiyar, "Adapting to Climate Change is Less Costly than Spending Trillions on Emission Targets," Cato Institute, November 7, 2012.
November 13, 2012
Since New York was besieged by Hurricane Sandy recently, the focus once more is back on global warming and how humanity should overcome this environmental challenge, says Swaminathan S. Anklesaria Aiyar, a research fellow at the Cato Institute's Center for Global Liberty and Prosperity.
Global warming has become part of the mainstream policy dialogue since Al Gore's documentary, "An Inconvenient Truth." Despite this constant talk, urbanization continues to stream into the coastal areas. Indeed, people's words underscore fear of global warming, yet their wallets hint no fear.
•Population is booming and property prices are rising in all old coastal cities around the world, including Mumbai and Chennai.
•Beachfront properties are affordable only to the millionaires.
•Residents are aware of the danger; nonetheless, cities within the hurricane belt are booming.
•U.S. population is shifting from north-central states to coastal states, especially in the hurricane-prone south.
•These trends undercut the concerns surrounding global warming.
An important part of the answer as to why people's actions belie their belief in natural disaster increases due to global warming is that their belief in global warming is shallow -- more political correctness than deep conviction. Yes, they see some danger. But they do not see it as dangerous enough to change their lifestyle and investment style.
•It is the belief in human adaptation to overcome these challenges.
•Hundreds of problems have been mitigated through new technology and other forms of adaptation without necessarily going on a carbon-free diet.
•Much of Holland, for example, is below sea level, but it has adapted accordingly.
•The sea level at Atlantic City has risen 16 inches over the last 100 years, yet the city has evolved to overcome.
•Other cities will also emulate this trend.
Oh wait, I forgot to say, the federal government will not come to your rescue. If you are wiped out, to bad, find some place else to live. It's not the responsibility of the taxpayers to support the lack of common sense or stupidity. I mean, to believe all this heavy weather is global warming given all the evidence that proves otherwise, is stupidity.
Actions Speak Louder than Words
Source: Swaminathan S. Anklesaria Aiyar, "Adapting to Climate Change is Less Costly than Spending Trillions on Emission Targets," Cato Institute, November 7, 2012.
November 13, 2012
Since New York was besieged by Hurricane Sandy recently, the focus once more is back on global warming and how humanity should overcome this environmental challenge, says Swaminathan S. Anklesaria Aiyar, a research fellow at the Cato Institute's Center for Global Liberty and Prosperity.
Global warming has become part of the mainstream policy dialogue since Al Gore's documentary, "An Inconvenient Truth." Despite this constant talk, urbanization continues to stream into the coastal areas. Indeed, people's words underscore fear of global warming, yet their wallets hint no fear.
•Population is booming and property prices are rising in all old coastal cities around the world, including Mumbai and Chennai.
•Beachfront properties are affordable only to the millionaires.
•Residents are aware of the danger; nonetheless, cities within the hurricane belt are booming.
•U.S. population is shifting from north-central states to coastal states, especially in the hurricane-prone south.
•These trends undercut the concerns surrounding global warming.
An important part of the answer as to why people's actions belie their belief in natural disaster increases due to global warming is that their belief in global warming is shallow -- more political correctness than deep conviction. Yes, they see some danger. But they do not see it as dangerous enough to change their lifestyle and investment style.
•It is the belief in human adaptation to overcome these challenges.
•Hundreds of problems have been mitigated through new technology and other forms of adaptation without necessarily going on a carbon-free diet.
•Much of Holland, for example, is below sea level, but it has adapted accordingly.
•The sea level at Atlantic City has risen 16 inches over the last 100 years, yet the city has evolved to overcome.
•Other cities will also emulate this trend.
ObamaCare Coming : Doctors Are Opting Out
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The real ObamaCare is on the way but so many voters decided Mr Obama's health care plan to destroy our health care and they don't care. Worse, they know and still don't care, ideology is more important. Can this be for real?
Are voters really this out of touch with reality? Are voters really this ignorant concerning their own health care? Is ideology to progressive socialist, and just ordinary Democrats, more important then national security or health care. I can't help but believe voting Democrat is the single most important thing in the voters lives. They don't know why, they just do it.
Now ask the question, where does all this leave the rest of us living in the real world trying to survive?
Health Reform's Doctor Depression
Source: Sally C. Pipes, "ObamaCare's Doctor Depression," Orange County Register, November 8, 2012.
November 13, 2012
The aftershock since the passage of the Affordable Care Act (ACA) has given many doctors the blues, prompting them to cut hours or leave the profession, says Sally C. Pipes, president, CEO and Taube Fellow in Health Care Studies at the Pacific Research Institute.
The Physicians Foundation recently asked more than 13,000 doctors about their views on the Affordable Care Act. The responses were grim.
•Six in 10 doctors are not optimistic about the future of health care.
•Almost two-thirds hold a negative outlook on their jobs -- this is twice as many as before the health reform bill passed in 2010.
•More than three-fifths of the doctors say they would retire today if it was a viable option.
•Eighty-four percent say the medical industry is in decline.
This translates to a supply-shortage of medical services.
•Many doctors are cutting back on their workload or closing their practice.
•Physicians report working 6 percent fewer hours than four years ago.
•The 6 percent decrease in productivity amounts to two and a half hours less per week per doctor.
•Sum up all the hours and it equates to losing more than 44,000 full-time physicians.
•According to the Association of American Medical Colleges, the ACA will push the doctor shortage up to 63,000 by 2015 -- and more than 91,000 by 2020.
Pipes says the ACA's $716 billion cut to Medicare is to blame.
•The law creates an Independent Payment Advisory Board (IPAB) charged with restraining the growth of Medicare spending.
•IPAB functions by cutting reimbursement rates for health care providers who treat Medicare patients, thus discourage doctors from seeing seniors.
•And so, more than half of physicians currently limit the number of Medicare patients they will accept.
Are voters really this out of touch with reality? Are voters really this ignorant concerning their own health care? Is ideology to progressive socialist, and just ordinary Democrats, more important then national security or health care. I can't help but believe voting Democrat is the single most important thing in the voters lives. They don't know why, they just do it.
Now ask the question, where does all this leave the rest of us living in the real world trying to survive?
Health Reform's Doctor Depression
Source: Sally C. Pipes, "ObamaCare's Doctor Depression," Orange County Register, November 8, 2012.
November 13, 2012
The aftershock since the passage of the Affordable Care Act (ACA) has given many doctors the blues, prompting them to cut hours or leave the profession, says Sally C. Pipes, president, CEO and Taube Fellow in Health Care Studies at the Pacific Research Institute.
The Physicians Foundation recently asked more than 13,000 doctors about their views on the Affordable Care Act. The responses were grim.
•Six in 10 doctors are not optimistic about the future of health care.
•Almost two-thirds hold a negative outlook on their jobs -- this is twice as many as before the health reform bill passed in 2010.
•More than three-fifths of the doctors say they would retire today if it was a viable option.
•Eighty-four percent say the medical industry is in decline.
This translates to a supply-shortage of medical services.
•Many doctors are cutting back on their workload or closing their practice.
•Physicians report working 6 percent fewer hours than four years ago.
•The 6 percent decrease in productivity amounts to two and a half hours less per week per doctor.
•Sum up all the hours and it equates to losing more than 44,000 full-time physicians.
•According to the Association of American Medical Colleges, the ACA will push the doctor shortage up to 63,000 by 2015 -- and more than 91,000 by 2020.
Pipes says the ACA's $716 billion cut to Medicare is to blame.
•The law creates an Independent Payment Advisory Board (IPAB) charged with restraining the growth of Medicare spending.
•IPAB functions by cutting reimbursement rates for health care providers who treat Medicare patients, thus discourage doctors from seeing seniors.
•And so, more than half of physicians currently limit the number of Medicare patients they will accept.
ObamaCare Forcing Seniors Into Poverty : Obama Knew
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One has to wonder what the seniors in Florida were thinking about when they voted for Obama, and by doing so, insured their own demise. ObamaCare will put them all at risk.
Obama's Medicare Plan: Seniors Will Pay More
Source: Robert E. Moffit, Rea S. Hederman, Jr., and Alyene Senger, "Obama's Medicare Plan: Seniors Will Pay More," November 1, 2012.
November 13, 2012
Today's seniors are guaranteed higher Medicare costs due to the Affordable Care Act (ACA), say Robert E. Moffi, Rea S. Hederman, Jr., and Alyene Senger of the Heritage Foundation.
•Between 2012 and 2017, seniors' standard Medicare Part B monthly premiums are expected to go from $99.90 to $128.20.
•In addition, Part B deductibles will rise from $140 to $180.
•Furthermore, hospital deductibles will increase from $1,156 to $1,336.
The Obama administration is under the illusion that the life of the Medicare trust fund can be extended while simultaneously using Medicare money to pay for the ACA. The law changes Medicare payment formulas across the board. Moreover, the ACA will increase Medicare taxes, increasing the Medicare payroll tax to 3.8 percent on high-income earners.
In the fiscal year 2013 budget proposal, Medicare Parts B and D would see an increase in premiums by 15 percent for upper-income seniors. By 2035, those premium increases will expand to cover 25 percent of all beneficiaries of Medicare.
Starting in 2017, there will be a new fee imposed on those joining Medicare. There is a $25 increased Part B deductible and a $100 copayment for home health services in some cases. Most new beneficiaries will be affected by a premium surcharge for those that choose a Medigap plan with first-dollar coverage.
Drug costs will also increase as part of the administration's health care law. The law spends $48 billion to close the "donut hole," the point at which beneficiaries have to pay the full cost of their prescription drugs. But this comes at a cost, as beneficiaries of Medicare Part D will see an increase in premiums of 4 percent in 2011, increasing to 9 percent in 2019.
In the status quo, seniors will pay more as a cost-shifting measure to fund the new health care law. The administration has already cut the Medicare provider payments, mostly to pay for the health care overhaul. As a result, the government may not be able to pay for Medicare, which reduces access to care for the people that need it most.
Obama's Medicare Plan: Seniors Will Pay More
Source: Robert E. Moffit, Rea S. Hederman, Jr., and Alyene Senger, "Obama's Medicare Plan: Seniors Will Pay More," November 1, 2012.
November 13, 2012
Today's seniors are guaranteed higher Medicare costs due to the Affordable Care Act (ACA), say Robert E. Moffi, Rea S. Hederman, Jr., and Alyene Senger of the Heritage Foundation.
•Between 2012 and 2017, seniors' standard Medicare Part B monthly premiums are expected to go from $99.90 to $128.20.
•In addition, Part B deductibles will rise from $140 to $180.
•Furthermore, hospital deductibles will increase from $1,156 to $1,336.
The Obama administration is under the illusion that the life of the Medicare trust fund can be extended while simultaneously using Medicare money to pay for the ACA. The law changes Medicare payment formulas across the board. Moreover, the ACA will increase Medicare taxes, increasing the Medicare payroll tax to 3.8 percent on high-income earners.
In the fiscal year 2013 budget proposal, Medicare Parts B and D would see an increase in premiums by 15 percent for upper-income seniors. By 2035, those premium increases will expand to cover 25 percent of all beneficiaries of Medicare.
Starting in 2017, there will be a new fee imposed on those joining Medicare. There is a $25 increased Part B deductible and a $100 copayment for home health services in some cases. Most new beneficiaries will be affected by a premium surcharge for those that choose a Medigap plan with first-dollar coverage.
Drug costs will also increase as part of the administration's health care law. The law spends $48 billion to close the "donut hole," the point at which beneficiaries have to pay the full cost of their prescription drugs. But this comes at a cost, as beneficiaries of Medicare Part D will see an increase in premiums of 4 percent in 2011, increasing to 9 percent in 2019.
In the status quo, seniors will pay more as a cost-shifting measure to fund the new health care law. The administration has already cut the Medicare provider payments, mostly to pay for the health care overhaul. As a result, the government may not be able to pay for Medicare, which reduces access to care for the people that need it most.
12 Kasım 2012 Pazartesi
Progressive's New Era of Entitlement : Lost Generations
To contact us Click HERE
What nonsense to think Mr Obama has any intention of dealing with our problems - he has no clue about anything except how he can gain advantage for progressives in the next election, 2016, where a boat load of senators will come up for reelection.
Believe, Mr Obama will not do anything that will bring prosperity to this country. Food and energy alone will drive millions into poverty. Who ever voted for Mr Obama, and their are millions that should know better, will have to take the responsibility for the destruction of our way of life. In hind site, progressive socialist Democrats have never taken responsibility for anything they have done, not ever. Only Republicans are held to a higher level of moral and fiscal responsibility.
We had one chance to turn our country around but voters decided enslavement and poverty was a better choice then personal freedom and prosperity. Go figure!
The Fiscal Cliff: A Primer
Source: "The Fiscal Cliff: A Primer," Tax Foundation, November 8, 2012.
November 12, 2012
With almost no time to celebrate his reelection, President Obama must quickly come to an agreement with lawmakers on the "fiscal cliff," a combination of spending cuts and tax increases that pose a threat to the fragile economic recovery, says the Tax Foundation.
The fiscal cliff includes such things as:
•Expiring provisions of the 2001 and 2003 Bush Tax Cuts.
•A compromise that will increase the estate tax.
•A patch in the Alternative Minimum Tax.
•A temporary 2 percent payroll tax holiday.
•Five new taxes as a result of the Affordable Care Act.
•In total, the tax increases are slated to cost around $514 billion.
•Additionally, there are spending cuts of $109 billion.
The federal government is borrowing an average of $2.7 billion a day. As a result, the debt is expected to approach the ceiling by the end of 2012, possibly as late as February 2013. Lawmakers expect another political fight between Republicans who resist any future increases to the debt, at least without spending cuts, and Democrats who favor increasing the debt without any future deficit reduction plans.
In the debt ceiling negotiations between Obama and Congress, lawmakers failed to agree on a $4 trillion deficit reduction plan. A law passed in August 2011 stated that if Congress was not able to implement a deficit reduction plan over the next 10 years, then there would be automatic cuts to both defense and non-defense discretionary items. This was done in part to make the cuts so unreasonable to both parties that there would be cooperation in coming up with a deficit reduction plan.
In addition to the debt ceiling, Congress will also pass a new budget or a continuing resolution before March 2013. The last federal budget was passed in April 2009 and since then any spending authorizations have been done through continuing resolutions. In the upcoming year, Congress has the chance to enact a new budget that can reevaluate the priorities of different programs that receive federal funding.
Believe, Mr Obama will not do anything that will bring prosperity to this country. Food and energy alone will drive millions into poverty. Who ever voted for Mr Obama, and their are millions that should know better, will have to take the responsibility for the destruction of our way of life. In hind site, progressive socialist Democrats have never taken responsibility for anything they have done, not ever. Only Republicans are held to a higher level of moral and fiscal responsibility.
We had one chance to turn our country around but voters decided enslavement and poverty was a better choice then personal freedom and prosperity. Go figure!
The Fiscal Cliff: A Primer
Source: "The Fiscal Cliff: A Primer," Tax Foundation, November 8, 2012.
November 12, 2012
With almost no time to celebrate his reelection, President Obama must quickly come to an agreement with lawmakers on the "fiscal cliff," a combination of spending cuts and tax increases that pose a threat to the fragile economic recovery, says the Tax Foundation.
The fiscal cliff includes such things as:
•Expiring provisions of the 2001 and 2003 Bush Tax Cuts.
•A compromise that will increase the estate tax.
•A patch in the Alternative Minimum Tax.
•A temporary 2 percent payroll tax holiday.
•Five new taxes as a result of the Affordable Care Act.
•In total, the tax increases are slated to cost around $514 billion.
•Additionally, there are spending cuts of $109 billion.
The federal government is borrowing an average of $2.7 billion a day. As a result, the debt is expected to approach the ceiling by the end of 2012, possibly as late as February 2013. Lawmakers expect another political fight between Republicans who resist any future increases to the debt, at least without spending cuts, and Democrats who favor increasing the debt without any future deficit reduction plans.
In the debt ceiling negotiations between Obama and Congress, lawmakers failed to agree on a $4 trillion deficit reduction plan. A law passed in August 2011 stated that if Congress was not able to implement a deficit reduction plan over the next 10 years, then there would be automatic cuts to both defense and non-defense discretionary items. This was done in part to make the cuts so unreasonable to both parties that there would be cooperation in coming up with a deficit reduction plan.
In addition to the debt ceiling, Congress will also pass a new budget or a continuing resolution before March 2013. The last federal budget was passed in April 2009 and since then any spending authorizations have been done through continuing resolutions. In the upcoming year, Congress has the chance to enact a new budget that can reevaluate the priorities of different programs that receive federal funding.
Electric Cars A Progressive Boondoggle : More Wasted Tax Dollars
To contact us Click HERE
I can't seem to get my head around why anyone would want to own an electric car? With a driving range of 40 miles or so and the cost so much higher the fossil fuel hybrid cars, what is the rational?
Electric cars have been around for the past 100 years and they have never worked out to the consumers advantage. This is not to say at some point in time a battery, or some other device to store electricity, will be discovered, it's just right now there is no cost effective way to do this. This same problem exists for wind power, among many other problems, but how to store the energy when it's needed, and transport it cost effectively, is the biggest.
Electric Vehicle Economics Don't Pencil Out
Source: "JD Power Study: Electric Vehicle Economics Don't Pencil Out," Los Angeles Times, November 8, 2012.
November 12, 2012
Electric vehicles are doing poorly in the car market because automakers are unable to lower their prices, says the Los Angeles Times.
•Nissan has sold fewer than 6,800 of its Leaf electric cars, down from 16 percent last year.
•Honda leased only 48 of its electric version of the Fit this year.
•Similarly, Mitsubishi sold less than 500 of its MiEV mini-car.
•Tesla Motors, which expects to sell about 3,000 of its electric car this year, has sold fewer than 300.
•Altogether, the industry expects to sell 500,000 gas-electric hybrids, accounting for about 3.5 percent of overall auto sales in the United States.
A survey done by JD Power and Associates looked at the reasons for why people buy or plan to buy electric vehicles.
•Forty-four percent of electric vehicle owners said low emissions are the top benefit of their vehicle.
•However, of the people who plan to buy an electric car, only 11 percent cite environmental concerns as their top reason.
•Instead, 45 percent of people say they plan to buy an electric car because of the savings on fuel.
Savings on fuel can be significant according to the study. Owners found that utility bills went up by only $18 to charge their electric vehicles, yet brought down fuel costs by nearly $147. The main problem the industry faces is that battery powered electric vehicle cost around $10,000 more than a standard gasoline-powered vehicle, meaning it will take consumers more than six years to make the investment worthwhile.
Electric cars have been around for the past 100 years and they have never worked out to the consumers advantage. This is not to say at some point in time a battery, or some other device to store electricity, will be discovered, it's just right now there is no cost effective way to do this. This same problem exists for wind power, among many other problems, but how to store the energy when it's needed, and transport it cost effectively, is the biggest.
Electric Vehicle Economics Don't Pencil Out
Source: "JD Power Study: Electric Vehicle Economics Don't Pencil Out," Los Angeles Times, November 8, 2012.
November 12, 2012
Electric vehicles are doing poorly in the car market because automakers are unable to lower their prices, says the Los Angeles Times.
•Nissan has sold fewer than 6,800 of its Leaf electric cars, down from 16 percent last year.
•Honda leased only 48 of its electric version of the Fit this year.
•Similarly, Mitsubishi sold less than 500 of its MiEV mini-car.
•Tesla Motors, which expects to sell about 3,000 of its electric car this year, has sold fewer than 300.
•Altogether, the industry expects to sell 500,000 gas-electric hybrids, accounting for about 3.5 percent of overall auto sales in the United States.
A survey done by JD Power and Associates looked at the reasons for why people buy or plan to buy electric vehicles.
•Forty-four percent of electric vehicle owners said low emissions are the top benefit of their vehicle.
•However, of the people who plan to buy an electric car, only 11 percent cite environmental concerns as their top reason.
•Instead, 45 percent of people say they plan to buy an electric car because of the savings on fuel.
Savings on fuel can be significant according to the study. Owners found that utility bills went up by only $18 to charge their electric vehicles, yet brought down fuel costs by nearly $147. The main problem the industry faces is that battery powered electric vehicle cost around $10,000 more than a standard gasoline-powered vehicle, meaning it will take consumers more than six years to make the investment worthwhile.
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