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cash-for-clunkersI got the following in an email and thought I would share it on here. It makes you wonder how the heck the people who are in office really get there.

Clunker Math

Think of it this way,

A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.
A vehicle that travels 12,000 miles a year at 25 mpg 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 vehicles 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 saved.
How good a deal was that ???

And people think they can handle healthcare???

Are you surprised? I’m sure your not. We should have seen this coming. I remember my parents teaching me, “If it sounds too good to be true, then it probably is.” And that has been proved right in so many aspects of life that it is mind boggling. But one thing many people wouldn’t quickly suspect would be a program parading around as some kind of charity or stimulus as having a hidden rule. That hidden rule is that “up to $4500” that you “received” for that clunker is now considered part of your taxable income. How convenient this comes out after the program is done away with.  Not to mention, I am not too happy with what they did with all those “clunkers”. Instead of giving them to people who are without transportation and actually desperately need a car, they send them to big truck rallies for smashing entertainment or off to be made into scrap metal. I suppose when it comes to the new administration there is always going to be a catch.

http://www.examiner.com/x-6571-Atlanta-Political-Buzz-Examiner~y2009m8d27-Cash-for-Clunkers-tax-surprises-many

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