Cash For Clunkers Busiess Review

This must be a new Business Model under the Democratic Party School of Business

Follows in line with when you are in financial difficulty spend you way out of it and tax everyone to pay for the increased spending plan.

Hello... Wakeup Americas

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 ???

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