The Stock Market's Un-American Bears
Lutz, a conservative himself, blasted "the political extreme right" for "distorting the facts of the Volt." For example, he notes that it was the Bush administration, not the Obama administration that approved the $7,500 federal tax credit for electric vehicles. According to Lutz, they "trash an outstanding American product
I will not get into the merits of electric vehicles; others more than ably fill that role. Instead, I focus on Lutz's comments as they pertain to the stock market and its broader implications.
For the record, I am not sure if a direct connection exists between "trashing the Volt" and "damage to American employment." That said, Lutz's choice of words should not distract from the otherwise obvious and straightforward spirit of his argument.
It's one thing to be bearish about a company. I'm bearish about GM as well as Ford(F) . But it's another thing to allow that bear case to spin out of control.
For example, political pettiness fuels a considerable chunk of the incessant Tesla Motors(TSLA) bearishness.
Dear politically motivated Volt and Tesla bears: From personal experience, here's a nickel's worth of free advice: Get over yourself.
There was a time when I hated America. I had moved to San Francisco, where I quickly transformed into what Fox News might label "extreme left wing." I've never had an issue with being liberal -- I still am, particularly on social issues -- but I do wish I had handled myself better politically in those days.
Simply put, I allowed myself to fit into a neat little box: I live in San Francisco and I am liberal, therefore these are the things I think. That's how half of the population carries itself in San Francisco and Berkeley. Think freely, but just limit your thoughts and convictions to the stuff that fits a pre-conceived agenda.