Facts On Obama's Cash for Clunker Program
A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons of gasoline a year. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
So, getting rid of each average Clunker will reduce US gasoline consumption by 320 gallons per year.
They claim 700,000 vehicles - so thats 224 million gallons per year.
That equates to a bit over 5 million barrels of oil.
5 million barrels of oil is about 1/4 of one days 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.
AND THESE CLOWNS WANT TO RUN OUR HEALTH CARE????