A 15 mpg clunker that travels 12,000 miles a year uses 800 gallons of gas a year.



A 25 mpg vehicle that travels 12,000 miles a 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 clunkers were turned in, so that's 224 million gallons saved 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 dollar we saved.



I'm pretty sure they will do a great job with our health care, though.



so...in reality....its another stupid USA govt failure......what has the USA govt accomplished in the last 30 years that didnt fail or cost more then it saved ? name something.

 

Sounds like Obama is right on track.....