FW: Clunker Math-Obama Style-Results Are In.

Sent: 12/7/2010 1:21:11 P.M. Central Standard Time
Subj: FW: Clunker Math-Obama Style-Results Are In.

Subject: Clunker Math-Obama Style-Results Are In.

The person who calculated this bit of information went to high school in Pittsburgh, PA. He is now & has been a professor at The University of West Virginia in Morgantown, West Virginia for the last forty some years.  I never looked at the clunker program in such depth.

Think of it this way:  
*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 reduced 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 we saved.

I'm pretty sure they will do a great job with our health care, though!  :-)


Anonymous said...

Snopes says it all.

And laugh it up about health care while you can. You won't be able to afford it much longer.

CharlieE said...

The Cash for Clunkers promotion also got 700,000 people to buy new cars, thus pumping an extra $14 billion or so into the economy.

But that sounds like a good thing, so this "professor" left it out.

ferschitz said...

Really dumb, but some conservatives will go for anything as long as they think their "team" is "winning." Many of my Republican friends took advantage of the cash for clunkers program because they *knew a good thing when they saw it.* And even tho most of my conservative friends aren't that in favor of Obama, they're *smart* enough to accept and acknowledge a good program, no matter which "side" introduces it.

That IS the way it should be in politics. Villifying the "other side" just "because" has become totally tedious, dreary and beyond stupid.

Anonymous said...

Cash for Clunkers is good for only one thing... there are less Obama stickers on the road.

Anonymous said...

@ Anon

Sure thing idiot. Try reading the snopes article to see how this piece is full of crap. Or just open your mind to the eviden...

hold on, never mind. I forgot what kind of mentality I was dealing with.

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