From genuine rocket scientist Ed Lambert:
-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 “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/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 $70/bbl.
-We all contributed to spending $3 billion to save $350 million. How good a deal was that ???
-They’ll probably do a better job with health care though
And these are the people who are going to save us money on health insurance. You've got to be kidding. They can't make Medicare cost effective. They can't make Medicaid cost effective. Yet they claim to be able to make health insurance cost effective. The only thing government does effectively or efficiently is to kill people (i.e. through the military), and even that is extraordinarily wasteful.