What a costly mistake this was
By Joseph Parish
I recently chanced upon an interesting assessment of the Obama’s Cash for Clunkers program and the individual got me wondering about the numbers involved in the final figures for the program. He explained it as follows.
A vehicle which provides 15 mpg and is driven for 12,000 miles in one year will consume about 800 gallons of fuel annually. Now if a new vehicle were to get 25 mpg and is driven for the same 12,000 miles yearly it would use 480 gallons of gasoline per year. Therefore, with these figures the average clunker transaction should reduce our gasoline consumption by a total of 320 gallons yearly.
The strange part of all these figures is that we as tax paying American’s have just spent $3 billion dollars in our efforts to save a mere $350 million.
This friend is just the tip of the iceberg. If no one bothered to calculate these figures before initiating the program then what can we expect from Obama’s health care reforms? We must contact every senator we have to get them to oppose any health care program initiated by Mr. Obama. We as a nation simply can afford his expensive spending.
Copyright @2009 Joseph Parish
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