Skip to content

Fuzzy Math

February 17, 2010

President Barack Obama, VP Joe Biden and former Gov. Tom Kaine (now chairman of the DNC) are each trying to sell the same pile of garbage to the American people; the 2009 Stimulus Bill has “created or saved” 2 million jobs over the past year.  The Congressional Budget Office have used the same fuzzy math formula to come up with a more modest 600,000 to 1.6 million jobs “saved or created” (how it is possible that there is a 1 MILLION person disparity between the two numbers I have no idea).  Economists are befuddled by both of  these calculations pointing out that “created or saved” is not a recognized economic statistic and even if it were, it is absolutely impossible to calculate exactly what those numbers would be.

Why don’t we just stick to the facts.  In February 10th, 2009 there were 11.6 million people unemployed according to the Department of Labor Statistics.  Fast forward to today, there are 14.8 million unemployed.  3.2 million jobs lost in one year.

The White House politicians and pundits can use their fuzzy math to argue whether or not the 2009 Stimulus bill has worked, but if you want the truth, talk to the 3.2 million Americans who have lost their jobs over the past 12 months.

Advertisements
2 Comments leave one →
  1. criscocorner permalink
    February 17, 2010 10:26 am

    Would the best solution would be to have cut spending and tell the American people to have a much higher tolerance for economic failure than what current society has?

  2. February 17, 2010 12:42 pm

    The point that I was trying to make with this article is one about Honesty.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: