National

Hi… I’m From the Government and I’m Here To Help You …

Remember the Cash for Clunkers program? Check out the following information from a professor at the University of West Virginia in Morgantown.

A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A new vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons of gas a year. So, the average Cash for Clunkers transaction reduced gasoline consumption by 320 gallons per year. The government claims 700,000 clunkers have been replaced so that is 224 million gallons saved per year. That equates to a bit over 5 million barrels of oil. 5 million barrels is about 5 hours worth of US consumption. More importantly, 5 million barrels of oil at $70 per barrel costs about $350 million dollars. So, the government paid $3 billion of our tax dollars to save $350 million. They spent $8.57 for every $1.00 they saved.

I’m pretty sure they will do a much better job with our health care though…

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About Bits 'n PCs

I was raised in a two-parent functional home and have worked hard the majority of my life. I started my first business at the age of 12 mowing lawns in my neighborhood. At age 14, I worked summers as a bricklayer's laborer and weekends as a machine shop janitor. I have come to enjoy politics but have grave concerns for our country and how it is changing and going deeper and deeper into debt. I also worry about people who willfully want to believe every sound bite their party puts out instead of fact-checking for the truth. Politics has become a very vicious 'game' in which there are virtually no rules and no limits anymore. It's time to set the record straight pertaining to ALL sides of the aisle. Thus, NewsWhores was born. Come watch us grow.

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