...is that it is impervious to ideology, in the main.
Math just is!
Paul Krugman is someone I respect and read, and do not often agree with.
But, he does know how to do math. In the short post below, he provides with a graph that tells us we need about 2% growth in GDP to create a 1% growth in the employment numbers.
It's just numbers, just math, which just is. And that's what is most damning about the current set of clowns in charge. They think math doesn't matter, that it's like language, something to be fabricated for the day's usage. But the simple math tells the terrible story.
Growth and jobs - Paul Krugman Blog - NYTimes.com
So, does Krugman of the New York Times now go on the White House Enemies List, because he dares publish a graph displaying the mathematical results of the past sixty years of the US economy?
Mish also knows how to do math.
He calculates the cost per 'job', using the numbers published by the Federal Government and the White House.
He takes the White House numbers at face value, and then simply says(hang on to your calculators, you won't like what you see!):
Let's do the math.
Math To Date
Funds paid out so far = $83.8 billion + $52.1 billion + $71.4 billion = $207.3 billion
$207,300,000,000 / 640,329 = $323,739.83 per job created
Plan Goals Math
Now let's assume this stimulus package will eventually create (or save) 3.5 million jobs and all the money (but no more) will be spent.
Here's the math again.
$787,000,000,000 / 3,500,000 = $224,857.14 per job created
Math just is.
Until we elect a Congress and White House that understand this, and know how to do math, very little will improve.
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