Pondering the Question
Clunkers...
I guess I must be on the wrong page…
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 / 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/bbl.
So, we all contributed to spending $3 billion to save $350 million..
How good a deal was that???
LEMON PICKER
The woman applying for a job in a Florida lemon grove seemed to be far too qualified for the job.
The foreman frowned and said, "I have to ask you this; have you had any actual experience in picking lemons?"
"Well, as a matter of fact, I have!" she replied.
"I've been divorced three times and I voted for Obama."
Labels: humor
posted by Anonymous at 5:40 AM
8 Comments:
Regarding clunkers, the "saving" for the individual might be on the order of 800-850 dollars gasoline BUT they wlii have higher insurance costs and taxes on the vehicle so they may not save anything. They may be further behind. If the old car was paid for and now they have payments , that has a cost. Studies show it is likely the owner will drive more miles in the new car, thus the gasoline savings may not be what was expected.
Bottom line, just another stupid government program. And the people think this administration will be less corrupted. This was another way to steal from those that pay taxes and give to favored groups.
A major theme of the liberal agenda is to focus on the intent. You can't argue with using less gasoline and saving the environment. The intent is unquestionalby noble.
Now does it make sense to spend $3 billion to save $350 million - doesn't matter. Look at the good in their hearts.
I've heard one car dealer comment that there are now alot of poor people driving really nice cars but that also have really big payments. There will be alot of repos starting in 3-4 months.
I see another bail-out. Those evil auto dealers and car producers, taking advantage of unsuspecting folks, just like lenders for mortgages.
You guys have a better idea to put the auto workers back to work, reduce green house gases, reduce dependency on foreign oil, increase revenues to state and federal governments and grease the wheels of the free enterprise system all with one program. Then I'm all ears.
Do away with the united auto workers union, who cares about co2?, drill baby drill, there is plenty of government revenue just to much government, "FREE ENTERPRISE" is not the government sticking it's nose in the way( except for fraud prosecution).
There, I suspect do not like my answer.
How about cutting taxes, both personal and corporate? That will stimulate the economy in addition to drilling for oil. I work in the auto industry and my company is about on its last legs. Yes, we need stimulus. Lower taxes is the answer.
Clunkers to me was horrid!
Luring people who could ill afford a car payment to buy a new car, and as alluded by another poster to pay higher insurance premiums, car payments etc.
I was shocked to see a 2000 jeep cherokee sport 2 wheel drive with 40K miles, perfect condition, a good dependable car. Gas mileage could be better, but with a few inexpensive modifications the mileage could be greatly improved. (I did it with my 93 wrangler and ended up with mileage comparable to my wifes 4 cylinder 2 wheel drive escape)
The jeep was drained of oil, transmission fluid, started and ran until the engine blew.
To save a few miles per gallon, we added a couple of tons to a junk yard, the steel will be recycled but what about the plastics, the glass, the tires, etc?
If nothing else, the better cars traded in could have been used for low cost (to aquire) municipal vehicles, used for forestry services, DNR properties, etc and cut down on the expense of purchasing "new".
It was a good idea in theory, bad in practice.
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