Cash for Clunkers - Replayed
Crazy here in Anchorage with a little snow, the Iditarod start and working on the shower all weekend so not much time to write so I’ll post this one that I saw on Grouchy Old Cripple (GOC) site and could not resist replaying it here.
I didn't check the numbers, but even so, CFC was a liberal wet dream and I know how liberal wet dreams always turn out. They waste money and don't accomplish much. In fact, they usually make things worse.
A 15 mpg clunker that travels 12,000 miles a year uses 800 gallons of gas a year.
A 25 mpg vehicle that travels 12,000 miles a year uses 480 gallons a year.
So, the average Cash for Clunkers transaction will reduceUS
They claim 700,000 clunkers were turned-in, 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 ofUS
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.
I'm pretty sure they will do a great job with our health care, though.
Nuf said.
A 25 mpg vehicle that travels 12,000 miles a year uses 480 gallons a year.
So, the average Cash for Clunkers transaction will reduce
They claim 700,000 clunkers were turned-in, 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
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.
I'm pretty sure they will do a great job with our health care, though.
Nuf said.
Ice
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