Thursday, September 17, 2009

Pretty much sums up the Obama Administration

Got this in an email and it's pretty much represents the Obama administration to date.

Let me get this straight - - - - -

A clunker at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.

A greenie at 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 were sold under the clunkers plan – so that's 224 million gallons / year.

That equates to about 5.33 million barrels of oil (using 42 gal barrels which is the oil industry measurement).

Now, 5 million barrels of oil is just about ¼ of one day's US consumption.

And, 5.33 million barrels of oil costs about $400 million dollars at $75/bbl ($399.75 million to be precise).

So, we all contributed to spending $3 billion of tax dollars for clunkers to save $400 million.

Exactly how was that a good deal???

And we want congress to run our health care???

Last night, Obama stated that he would not approve any health care bill that would worsen our debt. With the number crunchers he has....perhaps he lied about more than giving Illegal immigrants health care? (I know I have read significant portions of HR3200 that don't match what he says!)

And let's see, there are supposedly 46 million uninsured people he is worried about getting covered. Wow, that's a lot of people to cover. Let's forget about the ones that get converted to the government run program for this exercise and look only at the supposedly uninsured numbers.

And they say it's only going to cost $900Bn over 10 years? Really?

Some simple math:

$900bn/10 year is $90bn per year.

Now divide that by 46 million people, and you come out with just under $2,000 medical care spent on each person PER YEAR.

Now this $2,000 a year is going to supposedly cover all of these 46 Million people for prescriptions, medicines, doctor visits, emergency room visits, x-rays, MRIs, surgeries, long term care stay in hospitals for $2,000 per person per year! Such a deal!

Considering we have an aging baby boomer population, and these numbers don't even take into consideration inflation...

And you say it's only going to cost us ONLY $900Bn over 10 years?




And don't even get me going on the bank bailouts with billions into bonuses for bad performance, or even worse, the auto industry takeover where billions of dollars of shareholder and bondholder wealth was wiped out so the companies could be turned over to the unions! Didn't bondholders (aka widows and orphan's funds) used to be considered preferred debt? You know, protect the widows and orphans? Guess the widows weren't union members!