Quote Originally Posted by VXorado View Post
Another successful government program
I had this on the other thread rickshaw started, so in case you did not see it, and saddened by the loss of our 15 brothers/sisters, here is how successful the program was if you break it down this way:

A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles – so that's 224 million gallons per year.

That equates to a bit over 5 million barrels of oil…
5 million barrels of oil is about ¼ of one day's US consumption. And 5 million barrels of oil costs about $350 million dollars at $75 per bbl.

So, we all just spent $3 billion...to save $350 million.

Hmmmmmmmmm. How good a deal was that?
But, I'm thinking that they’ll probably do a great job with health care, though!

and if GM had to file bankruptcy , where did they get the money to expand their manufacturing plant in China ???