Cash For Clunkers & Obamacare

The person who calculated this bit of information is now and has been a professor at West Virginia U, in Morgantown for the last forty plus years.

"A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.

"A new vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons of gas a year.

"So, the average Cash for Clunkers transaction will reduce gasoline consumption by 320 gallons per year per clunker.

The government claims 700,000 clunkers have been replaced so that’s 224 million gallons saved per year. That equates to a bit over Five million barrels of oil.

Five million barrels is about five hours worth of US consumption.

More importantly, five 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, not counting administrative costs. We spent $8.57 for every $1.00 we saved.

I’m pretty sure they will do a much better job with our health care though....