Tuesday, July 5, 2011

Santorum Can't Do Math

Via ThinkProgress:



I think my question about whether Santorum is stupid or just in it for the fame and money has finally been answered: dude is dumb. Santorum is so dumb, he heard somebody say it was chilly outside so he went and grabbed a bowl. Santorum is so dumb he thinks a quarterback is a refund. Santorum is so dumb that he thinks a discrepancy in the reported number of jobs created by the stimulus package is the same thing as job loss.

That's pretty dumb.

Not only is his math totally funky, but he also seems to think that the stimulus package created more jobs than there are people in the American workforce. According to ThinkProgress, Santorum was actually trying to quote this article from The Weekly Standard, which claims the following:
The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

Furthermore, the council reports that, as of two quarters ago, the “stimulus” had added or saved just under 2.7 million jobs — or 288,000 more than it has now. In other words, over the past six months, the economy would have added or saved more jobs without the “stimulus” than it has with it. In comparison to how things would otherwise have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs.

Multiply by one hundred, change the seven to an eight, completely misquote the already absurd article and - hey! - you've got a running platform! Frothy's gotta go, guys. After all, if your santorum is running, you're doing it wrong.

Oh, and for those of you who actually like math and enjoy using it for good instead of evil, here's an awesome t-shirt I found at Mental Floss:

You're welcome.

15 comments:

  1. It's especially dishonest because they are trying to compare a measure of "funded jobs" to total distributed funds, when a full ==> 40% <== of the $666 billion number [actually, I think they rounded that up the the nearest sign of the beast] is in the form of "TAX BENEFITS"!!! Wait! Who said tax cuts create jobs? Well, the administration agrees in general, but they didn't try to quantify it, of course. That's too hard to quantify. So snake-oil salesmen like Santorum use a technical weakness in their OWN ideology to justify spreading their slippery crap all over the place.

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