Clunker math and healthcare.

Comment #5

jarasan — Wed, 02 Feb 2011 13:14:42 GMT

And the band played on.

Comment #4

time*treat — Wed, 02 Feb 2011 06:09:00 GMT

Consider the higher insurance, license tag, and other fees/taxes generated on those NEW 700,000 vehicles. The professor didn't finish working the problem. ;-)

Comment #3

sully16 — Wed, 02 Feb 2011 02:47:53 GMT

They are trying to make global warming more believable at any cost.

Comment #2

MADDOG10 — Wed, 02 Feb 2011 02:38:57 GMT

Just think of the heads this professor could turn if he worked for the puppet.!!

Comment #1

MADDOG10 — Wed, 02 Feb 2011 02:36:41 GMT

Sure they will, as soon as they (The Government) pays for a new teleprompter instead of that calculator...! LOL

Original Blog Entry: Clunker math and healthcare.

jarasan — Wed, 02 Feb 2011 00:43:47 GMT

The person who calculated this bit of information has been a professor

at The University of West Virginia in Morgantown, West Virginia for

the last forty some years.

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

of gas a year.

So, the average Cash for Clunkers transaction will reduce gasoline

consumption by 320 gallons per year.

The government claims 700,000 clunkers have been replaced 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 $1.00 we saved.

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

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