Sandy asks…
Have you seen the result for cash for clunkers?
Cash For Clunkers Results …
A vehicle getting 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle getting 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 per year. That equates to saving a bit over 5 million barrels of oil per year. 5 million barrels of oil is about ¼ of one day’s US consumption.
5 million barrels of oil costs about $350 million dollars at $75/bbl.
Our Government “gave” (borrowing from the Chinese to further the indebtedness of future generations) each Clunker Trader $4,500 per car for 700,000 transactions which cost US Taxpayers $3,150,000,000 – not including Washington’s astounding Administrative costs.
So, we all contributed through our taxes to spend more than $3 billion to save $350 million.
They’ll probably do a great job with health care though.
CSC101 Customer Service answers:
You forgot 2 items by shortening the life of those cars we used up much of the energy savings in the manufacturing process. And it took a lot of income away from the local mechanics like me
Richard asks…
What will be some of the results of the “Cash for Clunkers” program?
1. Fewer repairs in automotive repair shops
2. Fewer repair parts sold
3. Fewer tire sales
4. Fewer affordable used cars
5. Fewer car sales in the months to follow
6. Lower price for scrap metal
CSC101 Customer Service answers:
Cash for clunkers is a small band-aid on a major wound. As soon as the program ends car sales will plummet. Their will be a small amount of good for those in the auto industry, but will be short lived. Here’s a program that only those that still have a job are eligible for. Anyone who has become unemployed will not be able to secure a loan to take advantage of this one time deal. All taxpayers are going into debt at an alarming rate and a handful will get a $4500 credit. They probably don’t even require that you buy an American made vehicle, do they?
John asks…
What was the most positive result of the Cash for Clunkers program?
It took 95% of the Obama bumper stickers off the road.
CSC101 Customer Service answers:
It made the foreign car companies a lot of money.
Courtesy of Y!Answers