Cumberland Times-News

Letters

April 2, 2014

Does ‘Cash for Clunkers’ ease your fears about Obamacare?

Does everyone have very short memories, or do you remember the “Cash For Clunkers” program that was implemented by the Obama administration and passed by Congress?

Well, the person who calculated the following information is now and has been a professor at West Virginia University for the past 40 years.

He says: A clunker that travels 12,000 miles per year and gets 15 miles per gallon of gas uses 800 gallons of gas per year.

A new vehicle that travels the same 12,000 miles per year and gets 25 miles per gallon uses 480 gallons of gas per year.

So, the average “Cash For Clunkers” transaction reduced gasoline consumption by 320 gallons of gas per year, per vehicle.

The Obama administration claims that 700,000 vehicles were replaced, so that is 224 million gallons of gas saved per year (700,000 X 320 gallons).

That equates to a bit over 5 million barrels of oil per year that was not used to refine into gasoline.

Five million barrels equal to roughly about five hours of U.S. consumption. More importantly, five million barrels of oil at $90 per barrel translates into $450 million.

The Obama administration, along with Congress, spent about $3 billion to implement the “Cash For Clunkers” program, or $4,285 per vehicle to purchase the vehicles and run the program, not to mention creating undue vehicle payments for people who really could not afford a vehicle payment.

So, essentially, the Obama administration, along with the assistance of Congress, spent $3 billion of our tax dollars, in order to save $450 million. This means they spent $6.67 for every dollar that they saved.

Now, we have their assurances that they will do a much better job with Obamacare, which only controls one-seventh of the national economy.

Jeez ... I don’t know about you, but I feel better already.

Thomas L. “Duke” Miller

Lost City, W.Va.

Former resident

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