This is beyond the definition of insanity, approaching cosmic delirium.If derangement can be defined as doing the same thing over and over even if it doesn't work, the Obama administration is about to go that one better and bring back the spectacular failure of the "Cash for Clunkers" program.Kerry Pickett: According to Senator Stabenow's website, her proposed legislation, known as the "Charging America Forward Act" (S.298), "will provide consumers with a rebate worth up to $7500 for plug-in electric vehicles at the time of purchase."Essentially, if one were to buy a $41,000 Chevy Volt, the buyer gets a $7,500 coupon, so the final price is $33,500. In the end, the auto dealer assumes the risk of the government giving them this tax credit.It is pretty convenient that Ms. Stabenow, who represents a state where GM is headquartered is pushing a bill that is also supported by Edison Electric Institute, whose president was loaned a Chevy Volt, Eaton Corp: the...(Read Full Post)