Resica

I don't know if these numbers are accurate. But I like the thought that went into it.

Results of "Cash for Clunkers"

I guess I must be on the wrong page!
A vehicle getting 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle getting 25 mpg and 12,000 miles per year uses 480 gallons a year.
So, the average Clunker transaction will reduce US gasoline consumption by 320 gallons per year
They claim 700,000 vehicles , so that's 224 million gallons per year.
That equates to saving a bit over 5 million barrels of oil per year. I repeat---per YEAR.
5 million barrels of oil is about one day's US consumption.
And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.
Our Government "gave" each Clunker Trader $4,500 per car for 700,000 transactions which cost US Taxpayers $3,150,000,000--not including

Washington's astounding administrative costs.
So, we all contributed through our taxes to spend more than $3 billion to save $350 million.
How good a deal was that ???

They'll probably do a great job with health care though!