October 10, 2009

Cash For Clunkers Should Be About Buying A New Government. Check out these facts.

*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 saved.*

How good a deal was that?

They'll probably do a great job with health care though!!!

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