Clunker Math
 

Cash For Clunkers - A Huge Success!

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A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons of gasoline a year .

A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.

They claim 700,000 vehicles – so that’s 224 million gallons / year.

That equates to a bit over 5 million barrels of oil.

5 million barrels of oil is about ¼ of one day’s US consumption.

And, 5 million barrels of oil costs about $375 million dollars at $75/bbl.

Let’s see … we spent $3 Billion to save $375 Million a year (that's a negative factor of 8 to 1).

And how many new loans will go into default, even though the people had a drivable vehicle?

Is there any wonder why our government is going broke? You can’t fix stupid!

(And on 09-09-09 the president repeated his claim of being able to fix Health Care at NO additional cost - SURE!)

Dave

I was mad as hell watching obama lie his a$$ off in that 40 min speach he made. I would call him worse than a lier. :evil: :evil:

It's getting time to start impeachment proceedings. In 2010 when We the People clean the house and congress of vermin, Obama will be fired.......

I am adding all of you to the list of extremist, of course you will be below me. :lol: :roll:

Has anyone ever pointed this out to OBAMA at a speach or press conference? If so what was his response?