[taxcontrol]

Lets see. 8200 trucks now get better gas mileage. Lets assume 12,000 m/year and lets assume that the old trucks got 15 mpg and the new trucks 20 mpg.

Old trucks gas consumption - 8200*12,000/15 = 6.5 million gallons of gas

New trucks gas consumption - 8200*12,000/20 = 4.9 million gallons of gas

Obama has saved the US 1.6 million gallons of gas. At $2.50 per gallon ... that works out to a saving of about $4 million dollars per year.

Now the cost of the program was $4,000 per vehicle so multiply that by 8200 trucks and we get a program cost of $32.8 Million.

So, the boy genius SPENT $32.8 million to SAVE $4 million. That means it will take more than the next 8 years for the economy to see a return on the savings.

[tlozo]

“Lets see. 8200 trucks now get better gas mileage. So, the boy genius SPENT $32.8 million to SAVE $4 million. That means it will take more than the next 8 years for the economy to see a return on the savings.”

The numbers are even worse because as Edmunds has pointed out many of the purchases would have hardened anyway.

[Lonesome in Massachussets]

That means it will take more than the next 8 years for the economy to see a return on the savings.

Where I come from you have to account for the cost of money and discount for the probability that the expected benefit will be realized. I'm thinking never is a better estimate.