Skip to main content

Statist Statistics Debunked

Bill Maher has recently taken a stab at supporting his favorable view of the Obama administration. He attempted this with an array of select data which might, on the surface, arouse optimism and garner applause, but upon further scrutiny would simply fail to hold. Watch the video here.




I'll take this point by point. First, unemployment is a non-viable metric by which to measure the creation of wealth. Second, those figures which are today in vogue fail to capture the greater collage of employment strife facing today's laborers, including underemployment, discouraged workers, and part-time laborers. Third, the US dollar-denominated price of gas per gallon has declined by 28% while its gold-denominated price declined by a whopping 52%, indicating that the administration of Obama, Bernanke, and Yellen has corroborated a resistance to even further price declines, approximately a 24% margin. Fourth, the percentage of the insured fails to capture those costs incurred by persons who have shouldered the burden of the penalty and those who would prefer to withhold their savings and the product of their labor for other means, who possess no justification for this investment, and who possess no reason to anticipate, on their near-term time horizon, any probability of survival or perhaps any circumstances warranting this service and would prefer to reconcile its use at the point of transaction. Fifth, a reduction in oil importation signals not merely energy independence but rather a disintegrating manufacturing industry supplanted by the burgeoning service sector marketplace. Sixth, teen pregnancy is more intimately attributable to a culture of individuals who have become more widely familiar with the trials and challenges of this burden than anything even remotely proximate to the Obama administration. Seventh, the perceived hostility stemming from Iran might be quickly reconciled or understood by a cursory understanding of the 1953 CIA coup d'├ętat. Eighth, real GDP has declined consistently year-over-year, all while the share of consumption and government expenditures has ballooned alongside the now-$18 trillion national debt, excluding off-budget and future liabilities, and a zero-interest rate policy, while Chinese GDP (PPP) has by now surpassed that of the United States. Ninth, the Dow Jones Industrial Average, which currently rests 11% below its gold-price of 2008, is not a benchmark for overall wealth, but rather that for those who possess the capital to speculate, thereby generating the exacerbated margin of that despised inequality of income. Furthermore, the Dow Jones Industrial Average, the S&P, and the NASDAQ have far ridden the stimulus of QE1, QE2, and QE3, along with ZIRP. Since October 29, 2014, when the Federal Reserve halted QE3, the DJIA has declined nearly 8%. The devil is in the details.

Comments

  1. Couldn't load the video but I'll try another source as I'd hate to miss a moment of pontification by my favorite windbag athiest Mr. Bill!
    And you're right, the devil is in the details but I'm not sure Maher believes in him either.

    ReplyDelete

Post a Comment

Popular posts from this blog

The Kaepernick Craze: Exposing the Nation's Fools One Conversation at a Time

The Kaeparnick craze and other viral movements haven't merely pressured people into becoming simpler caricatures of their prior selves, but they have manifestly exposed people for how foolish and uninformed they've been all along. 



In his final year in the NFL, Kaepernick ranked 17th in passer rating and 34th the year before that. 

He played through an entire season in only two of his six years in the league, and his best full-season performance ranks far outside of the NFL's top-250 single-season passing performances in the league's history. 

For reference, the oft-criticized Tony Romo posted a career passer rating of 97.1, as compared to Kaepernick's 88.9. 

Romo's passer rating dipped below 90 for only one season of the eleven seasons he played, whereas Kaepernick failed to eclipse the 90 mark on three of his six seasons, a full 50 percent of his time in the NFL. 

In fact, Kaepernick accomplished this feat only once if we are to discard those other two seasons in …

Institutional Racism: The Sasquatch of Political Folklore

A great confusion has arisen out of the clamor of political debate, one which presupposes that any dismissal of the merits of “institutional racism” somehow equates to one’s rejection of personal struggle. 

Whereas the struggle of any individual remains always and everywhere unique and wholly personal, his common bond of complexion with others who have struggled serves inadequately as the basis for any argument which regards this commonality as the cause, or as the reason, for that veritable struggle. 

To condemn the unidentifiable and nebulous abstraction, then, by castigating an unnamed institution which persists beyond our specific capacity to recognize its power, serves only to absolve individuals of their personal responsibility, to shift blame and culpability to a specter which exists only by the creative designs of our imaginations, which exists as the scapegoat for all outcomes popularly maligned as undesirable. 

This unactionable practice, then, swiftly and categorically excuses…

Homelessness More Lucrative than $150,000/Year Job in SF Bay Area

Most people in the United States long for a $150,000-per-year salary. This makes sense, as the nation's median personal income is roughly 80 percent below that mark. 

It's a lot of money. 

In fact, this income level qualifies for the top 4 percent of Americans and the top 0.1 percent of the world's population; it is 109 times the global average.

If this is true, how could an unemployed homeless person possibly make more money? Well, the federal, state and local governments: that's how!

Let's take a look at the numbers.

A single Bay-Area Californian earning $150,000 per year pays an effective income tax rate of 32.23 percent: this figure is inclusive of a 7.20-percent effective state income tax (and 9.30-percent marginal rate), an 18.27-percent effective federal income tax (and 24.00-percent marginal rate), and a 6.76-percent effective rate for Federal Insurance Contributions Act (FICA) taxes. 



In addition to income taxes, the homeowner incurs an annual mortgage cost amou…