Free Markets, Free People
The Magic Unicorn and Snake Oil show that is the federal government has invented a new statistic for your entertainment, because it certainly has no real meaning. Why do I say that, you ask?
Well read this and tell me what you think:
The first direct stimulus reports showed that stimulus contracts saved or created just 30,083 jobs, prompting more Republican criticism of the $787 billion package.
The data posted Thursday was the result of the government’s initial attempt at counting actual stimulus jobs. Obama administration officials stressed that data was partial — it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.
Two points – we have no idea, given that number, what percentage were “saved” and what percentage were created. But it is clear that the claim of saving a job is a useful tool to pad the total. Even then, however, that means that each “saved” or created job cost you, Mr. and Mrs. Taxpayer, $533,000 per job. And yes, that’s for those “saved” as well.
Doesn’t government efficiency just dazzle the heck out of you?
Fear not, though, you haven’t seen all the magic unicorns or snake oil yet. Feast your eyes on this:
“All signs — from private estimates to this fragmentary data — point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” said Jared Bernstein, the chief economist for Vice President Joe Biden.
According to the White House recovery office’s rough calculations, the 30,083 jobs number projects out to a total of 1.2 million jobs saved or created by the stimulus through September.
Yessiree – when they get into the projecting business, why it’s even better than they thought. It seems – according to those wonderful projections – that we’ve been able to “save” or create 1.2 million jobs, at least in the world of statistics. Again, how many are “saved” vs. created seems to be an unknown. But whatever the mix, 1.2 million seems to be the number they’ll be crowing about.
Of course what they’ll be trying to forget are those other numbers they originally promised when they were selling the magic unicorns and snake oil called “the stimulus”. Seems the rubes were told that passage of that fantastic piece of legislation would most certainly “save” or create 3 to 4 million jobs.
Oh … that and keep unemployment under 8%.
Drink up folks – Dr. Obama’s elixer is guaranteed not to slip, rip, tear, get rusty or roll down the hill sideways. Helps your wallet, does you good and makes child birth pleasant, besides the benefit you get from it. Now who’ll have another bottle of Dr. Obama’s Magic stimulus tonic?
Ah, Dr. Krugman wants more, doesn’t he?
Eric Boehlert destroys whatever shred of credibility he might have ever had in two quick paragraphs:
I’ve been thinking a lot of Kennedy and Dallas as I’ve watched the increasingly violent rhetorical attacks on Obama be unfurled. As Americans yank their kids of class in order to save them from being exposed to the President of the United States who only wanted to urge them to excel in the classroom. And as unvarnished hate and name-calling passed for health care ‘debate’ this summer.
If Boehlert had spent some time in class actually studying about the Kennedy assassination, he might have learned that the guy who is believed to have shot Kennedy was a communist. But of course that’s not important – this is about establishing an assassination scenario in the mind of the reader, who he hopes, is as witless as he is.
He then fully jumps the shark:
The radical right, aided by a GOP Noise Machine that positively dwarfs what existed in 1963, has turned demonizing Obama–making him into a vile object of disgust–into a crusade. It’s a demented national jihad, the likes of which this country has not seen in modern times.
Where in the world was this blowhard the past 8 years? Did he just emerge from a hermetically sealed chamber and a total news blackout?
The absurdity of the original premise is stunning. His apparent ignorance, willing or otherwise, of the history of the past 8 years is appalling. Why would anyone anywhere ever take anything this goof or the organization he works for seriously again?
[HT: Hot Air]
At least that’s what the macro model I built says. It has some very sophisticated algorithms.
According to the model, the associated bandwidth cost for this post was enough to keep the blog hosting gang going and because of that, they kept making payments on all the computer equipment, power and rent/lease obligations they have associated with their hosting site, which in turn kept a computer retailer/power company/real estate firm from laying off folks while also paying those down the line from them today and having the same effect.
Go ahead – prove me wrong.
Remember, depending on the message you want to convey, stats can be very helpful:
a. The number of physicians in the U.S. is 700,000.
b. Accidental deaths caused by Physicians per year are 120,000.
c. Accidental deaths per physician is 0.171. (Statistics courtesy of U.S. Dept. of Health & Human Services)
Now think about this…
a. The number of gun owners in the U.S. is 80,000,000.
b. The number of accidental gun deaths per year (all age groups) is 1,500.
c. The number of accidental deaths per gun owner is 0.000188.
Statistically, doctors are approximately 9,000 times more dangerous than gun owners.
Guns don’t kill people – doctors do!
The point, of course, is stats can be used to scare you to death, especially when used in limited context or in isolation. The world is a dangerous place. Accidents are going to happen. When the gun grabbers talk about taking your firearms to prevent accidents, remind them of this statistic. It’s just as “valid” as theirs and it sometimes is helpful to illustrate absurdity with absurdity.
Dictated by the 5 of 9 Chrysler board members (appointed by the US and Canadian governments) and the UAW board member, Chrysler is pleased to present the 2010 Obamamobile:
Note the standard dual teleprompters. Since this model is run by hot air and not much else, all you have to do to boost power is read the prepared statements on the ‘prompter and zoom, you’re off to the races!
If you’ve not kept up or been unable to keep up (that’s why we’re here), you’ve probably wondered about the references to the “underpants gnomes” when discussing the banking and auto industry situations.
Naturally we have precisely the information you need to be in the know. Just remember, as our own underpants gnomes are discovering, the tricky part is “Phase II”.
Teleprompter, is the president ever argumentative with you, or is he compliant with your instructions?
Good question. Look, like any relationship, we have our ups and downs. Last year on the campaign trail, The Big Guy came to me and told me that like the cigarettes, he really felt like he needed to start working through his dependency. Then he went out and did this townhall session on health care.
Suffice it to say, we aren’t having those unpleasant discussions any more.