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Saturday, October 31, 2009

Fudged numbers

Stolen from Ace (since I can't achieve his level of analysis), this piece on just how fucked up Obama's stimulus numbers are:

So, if a factory gets $5000, and divides that, $50 a worker, among 100 workers, you know how many jobs were "saved or created" according to Obama?

100. Even though $5000 obviously doesn't cover a single part-time salary, let alone 100 full-time salaries.

If a factory gets $5000, and divides that, $1 a worker, among 5000 workers, Obama's rules say 5000 jobs were saved or created.

And note that in neither case does the employee have to be a new one. It could be a guy working there for 30 years, whom the company would never even consider firing. Per the rules, if he gets 50 bucks, or even a single dollar, his job was right there "saved" by Bonny Prince Barack.

How's that for creative accounting ..... and with only a few hundred billion of your dollars.

Dear God, 2012 can't come soon enough.

pm

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