"You've Got To Spend Money To Spend Money!Just had to pick this up from Vodkapundit (Stephen Green)....
"From genuine rocket scientist Ed Lambert:
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 “Cash for Clunkers” 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 ¼ of one day’s US consumption. And, 5 million barrels of oil costs about $350 million dollars at $70/bbl.
We all contributed to spending $3 billion to save $350 million. How good a deal was that ???
They’ll probably do a better job with health care though
I'm thinking that pretty well nails most government programs....oh, and since we are dithering about here on ObamaCare why has he not already begun cutting the HUGE waste from Medicare which PrezBO just knows exists. His efforts to first make the cuts in waste would go a long way toward inducing more supporters for his MONSTER program.
Seems simple to me!