Cash for clunkers

[Mike Casey]

Think of it this way:

A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.
A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a year.
So, the average Cash for Clunkers transaction will reduce US gasoline consumption by 320 gallons per year.
They claim 700,000 vehicles so that's 224 million gallons saved per year.
That equates to a bit over 5 million barrels of oil.
5 million barrels is about 5 hours worth of US consumption.
More importantly, 5 million barrels of oil at $70 per barrel costs about $350 million dollars
So, the government paid $3 billion of our tax dollars to save $350 million.
We spent $8.57 for every dollar we saved.
But, I'm pretty sure they will do a great job with our health care though.
What you think??

[ezlovin]

" How's that hopey, changy stuff workin out fer ya?"

[-TC5racer-]

The one good thing Cash for Clunkers did is get 700,000 Obama stickers off the roads.

[c103110]

Source of Quotes Describing the C4C Social Experiment: NY Times.

“This is a win for the economy, a win for the environment, and a win for American consumers,” said the transportation secretary, Ray LaHood.

“Cash for clunkers distorted the market in a way that benefited the industry for four weeks,” said Jeremy Anwyl, chief executive of the auto-research Web site Edmunds.com. “Now the payback begins.”


Source Describing the Next Social Experiment: CNN.

The $300 million 'Cash for Appliances' program, first announced last year, is funded by the government's American Recovery and Reinvestment Act.

The Obama Administration continues to dump millions in taxpayer money to combat the debunked science that is 'Global Warming A.K.A. Climate Change', while the percentage of unemployed, American-workers remains in double digits.

What a mess.