The government paid $3 billion on the ‘cash for clunkers’ program to save $350 million

MORE MATH ON THE CASH FOR CLUNKERS AND NOW THEY WANT OUR HEALTH CARE?

by Hula girl Posted 2 hours ago

New MATH ????
Think of it this way -
A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. This is traded in for a new 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 (cost of the cash for clunkers program) to save $350 million.
We spent $8.57 for every $1.00 saved.
I'm pretty sure they will do a great job with health care though...
Besides the people weren't told that they would have to pay taxes on the value that they received in getting their new car. That ends up costing them a nice hunk!!