A Healthcare “clunker”

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A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.

A vehicle at 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/year.

That equates to a bit over 5 million barrels of oil.

5 million barrels of oil is about of one day’s US consumption.

And, 5 million barrels of oil costs about $350million dollars at $75/bbl.

So, we all contributed to spending $3 billion to save $350 million.

How good a deal was that?

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

One thought on “A Healthcare “clunker””

  1. Just to add to the subject…
    Just who received this “benefit”? Not the unemployed – they can’t buy a new car. Not the poor – they can’t buy a new car. The beneficiaries of the Cash for Clunkers were the well-off who could already afford new car payments and, the real beneficiaries – Obama’s good buddies, the auto labor unions. It’s what you call a payoff to big labor.

    Like

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