Friday, February 6, 2009

Why the stimulus is full of bad math

First of all, she's said it twice. I can't find the link to embed the second one, but here Speaker of the House Nancy Pelosi states that every month '500 million Americans lose their jobs.'

Except that there are only around 305 Million Americans. And given that the estimate is 73.7 million children, that leaves, roughly 230 million adults. Which means all of us have to be working, and then losing our jobs, twice a month.

Or maybe, since she's off by a factor of 100, we should reduce the stimulus? If the plan is that $800 billion will save 500 Million jobs a month, couldn't we save 500,000 jobs a month for $8 billion?

These are the people that want to save us?

Here's the video: Speaker of the House Nancy Pelosi

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