Fox Noise: Cash 4 Clunkers = Spread the Wealth

Today Fox News reported that the Cash 4 Clunkers program cost taxpayers $24,000 per vehicle.  Interesting.  Most of the comments express anger at how they are paying for this program and their money is being given to others.  I decided to do a little research, but I decided in order to be fair to Fox News' limited resources and competence I would just use their numbers.

Facts:
Cash 4 Clunkers cost: $3B
Number of Taxpayers in 2008: 154M (2008 IRS Data Book, see Page 4)
Number of Car sales that benefited from C4C: 125,000 (Conservative estimate provided by Fox News)

So,
Average Cost Per Taxpayer = $3B/154M = $19.48

Average Cost Per Taxpayer Per Car = $19.48/125K = $.0001
(again note that this is a conservative estimate.  For an estimate based on the total number of cars sold during the program replace 125K with 690K)

Congratulations Obama you have successfully spread the wealth by $.0001, Mao would be proud.

This is me laughing at how stupid people are.

Common Sense