Clunkers Program... Did anyone run the numbers ? ? ?

Did anyone run the numbers ? ? ?

I guess I must be on the wrong page…
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 ¼ of one day's US consumption. And, 5 million barrels of oil costs about $350 million 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!!

Wow!! Do we really want him to talking to our kids about education and learning, when their math skills are not too good on doing financial deals with our money..