Kunstler: The First Die-off

…All this frightful hyperbole is really mere pr

The funniest of these lately are the glad tidings from (“The New” ) General Motors. They came out last week with a laughable hype-fest for their proposed electric car, the “Volt,” scheduled to arrive in the showrooms around 2011 (about the same time that all the mortgage-backed-securities sitting in Wall Street’s vaults melt into a monumental puddle of radioactive goo). We’re told the Volt will get the equivalent of over 200 miles-per-gallon, at less than 25 cents a charge from the plug on your garage wall, blah blah. They estimate that it’ll cost about $40,000. Do we detect a little problem right there? Like, the whole adult US population is going to rush out and buy new cars priced the same as today’s Mercedes Benz? Good luck with that, GM, especially when money for car loans will be about as easy to get as a royal flush in online poker. And good luck with changing out the battery for ten grand a couple of years down the road, so to speak. And good luck also with your expectation that the roads and bridges will remain drivable in the years ahead, as every municipality, and county, and state slides into bankruptcy and the paving machines sit rusting in the DOT marshaling yards.

What is wrong with our brains? Are they turning to yeast?

And even if it were possible to continue torturing ourselves in three-hour traffic jams, is that something we would want to do?

Kunstler.com