If the Cash for Clunkers program cost the American Tax Payers 24k per car sold, Obama should have just bought the damn cars for them and sent them a 1099 for the entire 24k! There were 690k cars sold.....and they are going to get a 1099 for 4k.
I wonder how many of these people bought electric cars? You know, electricity that we are going to be paying almost DOUBLE for? Suckers......
I want my 24k! Spread the wealth, Buddy!
690,000 x 24,000 = $16,560,000,000.00
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6 comments:
Two points:
1. Your math is wrong. 690,000 x 24,000 is 16,560,000,000. Still a big number but a factor of ten smaller than what you're suggesting.
2. The article that those numbers came from very clearly states that the number was arrived at by taking the $3 billion that the program actually cost and dividing it by the 125,000 vehicles that were bought that wouldn't have otherwise been bought in the absence of the program (according to their research).
So the cost to the tax payers wasn't 165 billion dollars. It was 2.8 billion dollars. You can certainly argue that the money wasn't worth it, but in doing so you should try not to inflate the cost by 6,000%.
You cannot simply figure on the number of cars taht supposedly would not have been purchased.....you have to figure it on the actual number of cars that were bought using cash for clunker funds.
As for my number....I used a calculator....just checked it on the same one...and got the same number. Will try a different one.
Read this....and calculate it out yourself.
Tammy,
Here's the calculation in detail:
Let
10(X) = 1 followed by X number of zeros
10(Y) = 1 followed by Y number of zeros
10(X)Times10(Y) = 1 followed by X+Y number of zeros
And
ATiimes10(X)TimeBTimes10(Y) =
ATimesBTimes10(X+Y)
Amount = 6.9Times10(5)Times2.4Times10(4)
Amount = 16.56Times10(9) = 1656Times10(7)
Amount = 16,560,000,000
You're smart....lol.
I think my typing was what was wrong...lol.
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