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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???

If you were not aware of what our country is doing to our economy this should give you a pretty good idea. We have in the past months been told by several nations to slow our spending, stop the stimulus money, stop the unnecessary programs, and other advice since the stimulus packages by President Bush and President Obama have been passed. The Obama administration is not taking heed to any advice though and just keeps on spending, keeps suggesting more government controlled programs that we don’t want and they can’t afford.

So, what do we get in return? The United Nations wanting to replace the US dollar (which is the current world’s reserve currency) and replace it with a new global currency. Is this good for the US, no, of course not. This could ultimately send us into an economic collapse in which we may never recover. But can you really blame them? Look at how carelessly Obama and the two Houses have been just freely spending money like it will never run out in order to fund the socialistic agenda. I saw a quote by Margaret Thatcher that reminds me of this, it said “The problem with socialism is that eventually you run out of other people’s money.” Obviously, from this article in the Telegraph, we can see that our global financiers are not going to be doing so much longer.

Read the article here:

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

UPDATE 09/14/09:

Report from the International Monetary Fund stated, “…the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place.”

World Net Daily’s Jerome Corsi comments, “If the plan succeeds, the United Nations would effectively end up replacing the United States as the issuer of the one-world international currency used as the standard of foreign exchange to settle international trade transactions,” Corsi wrote. “The move would obviate the need for any nation state in the future to be the arbiter of world trade, marking yet another blow to national sovereignty on the path to one-world government.”

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