Our future with Obamacare

Excellent analysis of cash-for-clunkers that may be the harbinger for Obamacare’s success.

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.

Five 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 to for every dollar saved.

How good a deal was that ???

They’ll probably do a great job with health care though!!

Don’t ever expect Dems to come to terms with the blithering stupidity of their ideas.

6 thoughts on “Our future with Obamacare”

  1. Not calculated above but just as important is that, at $350 million per year and at $70 a barrel, it would take exactly 8.57 years for our investment to pay itself off. I would hazard that’s pretty close to the average actual “life span” of a vehicle.

  2. All the other assumptions are reasonable enough, but how do 224 million gallons of gas equate to 5 million barrels of oil? That is close to 45 gallons of gas per barrel; I believe 19.5 gallons of gas per barrel is closer to reality. So we “only” spent less than $3.75 for every dollar saved, since the the 224 million gallons of gas would really equate to 11.5 million barrels of oil.
    Not trying to defend Obamanomics. I just think we should look at these quantitative arguments a little more carefully before we call them an “excellent analysis”.

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