Saturday, February 18, 2012

RUSH LIMBAUGH IS STUPID

On Friday he tried in vain to explain the unemployment rate and completely botched it:
RUSH: Well, let me try it with something that doesn't have to do with jobs. Well, let me stick with jobs. Let's say that four years ago there were ten million jobs and a certain number of people didn't have jobs that wanted them, and the unemployment rate was, let's just say, 8%.

CALLER: Okay.

RUSH: Now you reduce the ten million jobs to eight million. The number of people haven't changed. People haven't died. You still have the same number of people pursuing fewer jobs. It means that the percentage of people unemployed is gonna be expressed as being much less than it actually is. You get the same number of people chasing fewer jobs, the percentage of those out of work has got to come down because there are fewer jobs to have.
This makes NO sense at all- if there are fewer jobs, then the unemployment rate has to increase unless there is a corresponding increase in the number of people not in the labor market.

Fats didn't know when to quit, so went on to make couple of more claims that were also false or illogical:
They just erased 1.2 million possible jobs in December alone. They just said those jobs are gone. They're not fillable. So the total number of potential jobs to get has been reduced in one month by 1.2 million. Well, if you've got a smaller universe of total available jobs pursued by the same number of people, the percentage of people out of work is going to be lower.
You may think Rush is just bad at elementary school math but the problem is much deeper:

Rush Limbaugh: GOP Could Have Landslide Victory If ‘Election Could Be Decided On Social Issues’


1 comment:

Ken Hoop said...

If Limbaugh's goal was to say the unemployment rate is dissatisfactorily high and deceptively presented by the Administration and Big Media he is correct, though his solutions aren't. Unless he is suddenly advocating protectionism and a national industrial policy.