Cash for Clunkers Success

[dellinger63]

Originally Posted by dalakhani

Interesting article on cash for clunkers. A decided libertarian bent to the column but still interesting reading and I thought it was pretty fair:

http://www.cbsnews.com/blogs/2009/08...y5262084.shtml

It was a good article and when numbers are broken down so is Riot & Co.'s euphoria.

For 3 Billion Dollars we save a little under a half's day fuel allotment and a little more than 2hrs out of a year in greenhouse gases? And the saving of the 2hrs per YEAR in greenhouse gas reduction will start 2 1/2 years after delivery of the auto to compensate for gases created in its production?

Heck it would have been to stupid to fall for the con of buying air but would have cost only $32 million to buy the carbon credits or $320 million for 10yrs the average life of the cars of this programme. We could have put the almost 90% of the $3 billon back in the bank to offset the $29.4 million we lose per year in gasoline tax revenue presuming it remains at 18.4 cents/gallon.