Little Healthcare/Cash for Clunkers Humor
Not much to post today but the following Clunker Math The person who calculated this bit of information is now and 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. The government claims 700,000 clunkers have been replaced so that’s 224 million gallons saved per 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. 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 bette