Texas Rainmaker
Liberal Economics at its Finest
July 31st, 2006 10:46 pm

From The Telegraph:

Tom Wittman’s 1994 Saturn may look the same as other cars on the road, but it costs considerably less to drive.

Wittman, 52, of the 200 block of Osage, Jerseyville, has converted the motor so the car runs strictly on electricity.

The car, actually worth $2,000 to $3,000 in the blue book, cost Wittman between $8,000 and $9,000, but he said it will save him money in the long run.

“I’ve been wanting to do one for years, then the price of gas went up,” Wittman said.

That gave him the extra push he needed to get started.

Why spend $30 per month on gas when I can spend $3 on electricity?” he asked.

So he spent over $8,000 to save around $27 per month. Ingenious. He’ll break even in just over 296 months (24.7 years). That’s not even factoring in the time value of money.

Looking up Tom Wittman in Opensecrets.org, I confirmed my suspicions. He’s donated to the likes of Howard Dean, Wesley Clark and Moveon.org. He should’ve taken that $750 he donated to those candidates and invested in 25 more months of gasoline instead.

Only a liberal could possibly think that sinking over $8,000, into a car valued at $2,000 in order to save so little money that it would take more than 2 decades to break even, is a brilliant idea.

Posted by TexasRainmaker |

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