I think it's obvious that he was speaking in extremes. I never listen to him, but I hope he wasn't being literal and so I won't take this as literal. I will take his point: that if tax credits are necessary, the free market does not have enough interest in the product to support it at current costs. So I vote he is 'right' by intent, not by literal interpretation.
As far as motor vehicles go, we should try to catch up with Europe and re-introduce Diesel passenger cars. We could tell the environmentalists where to get off..They seem to be against the Diesel as it MAY pollute more than gasoline.
I think that Rush left out an important caveat (?implied maybe?). It means no one wants it at the true market price. These cars are less convenient, unproven, and maintenance could prove to be more expensive. Why would a person want to pay MORE for one of these over their lower prices fossil fueled powered equivalent?
From the ashes.
I think a better question would be...Is it right for the government to offer tax credits for a product?
A tax credit for a vehicle is nothing more then the government saying thanks for being a smug douche
Sorry, somebody had to say it
Failure is made possible by liberty.
Even with the tax credit, as cars go, this is a bad buy for an ROI consumer..
“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
“Socialism is great until you run out of someone elses money” Margaret Thatcher