More government fail

Think Arizona is bad?  Well, Mr. Change himself isn’t doing much better.  Saw this in Sonoran Alliance:

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

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

So, the average “Cash for Clunkers” transaction will reduce US gasoline consumption by 320 gallons per year.

The government  claims 700,000 vehicles were sold – 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 ???

Oh Federal Government, you never cease to amaze me.  You just can’t sit back and let anyone fail worse than you.

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