GM Pulls Plug on Volt and Suspends Production, Lays off 1300 Workers … Just Days Earlier Obama Just Praised Volt

GM pulls the plug on the Chevy Volt and lays off 1300 workers … Welcome to Obama Motors.

More bad news for the Barack Obama endorsed Volt. All Obama’s horses and all Obama’s stimulus money cannot save the failed sales if the Volt. General Motors announced that the company was suspending production of the Chevy Volt and 1,300 workers would be laid off. After all, should the American tax payers have paid more than $10,000 subsidies per vehicle?

Fool Moment of the Week: Obama praises Volt … days before GM lays off workers and suspends Volt production

General Motors has told 1,300 employees at its Detroit Hamtramck that they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.

“Even with sales up in February over January, we are still seeking to align our production with demand,” said GM spokesman Chris Lee.

Lee said employees were told Thursday that production would put on hold from March 19 to April 23.

How comical, President Barack Obama just endorsed GM’s (Government Motors) struggling Chevrolet Volt, saying he plans to buy the extended-range electric vehicle upon leaving office in five years. With ignorant, mistimed and clueless comments like this, Obama just might be buying a Volt in one year. Once again we are witness to the Barack Obama kiss of death. Yet another failed green company/product courtesy of Obama.

“Five years from now when I’m not president anymore, I’ll buy one and drive it myself,” Obama said to applause during a speech Tuesday to 1,600 workers and retirees from the United Auto Workers union. “Yes, that’s right.”

Recalling that event, Obama forgot he had actually driven the Volt, saying that the “Secret Service wouldn’t let me drive it. But I liked sitting in it. It was nice.I’ll bet it drives real good.”

GM had hoped to sell 45,000 Chevy Volts in America this year,; however, according to reports they had only sold about 1,626 over the first two months of 2012. A whopping 603 Volts in January 2012.  Maybe GM and Obama can still market the Volt to aliens.

But of course the lagging Volt sales have nothing to do with the fact that there is little to no interest in electric cars, Michelle Malkin.com has the real culprit who is to blame. GM of course blames the media. Really?