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

Free Money: The Tech Secret Even Silicon Valley Doesn't Know

In July of 2015, Vitalik Buterin officially released the game-changing technology of Ethereum, an immediate competitor to its now-popular and relatively better-known counterpart Bitcoin. A cursory evaluation of the following chart might lead the reader to some wild conclusions, so continue reading to acquire a better understanding of the trajectory of this new-age abstraction of online currency that, despite its massive gains in recent weeks, hasn't remotely become a household name in even Silicon Valley, the tech capital of the world.


A variety of formal and informal polls suggest a lagging familiarity with the increasingly popular cryptocurrency giants. Those who claim awareness are most likely to recognize Bitcoin, while Ethereum has still flown largely undetected in even the heart of Silicon Valley. One might assume with a chart like this, with its major parabolic upswings and indefinite streams of free money, that awareness of the blockchain medium of exchange would have surg…

Hurricane Irma Reveals How Nationalistic America Really Is

It's interesting how the Weather Channel seems to treat the devastation of the Caribbean, even American territories, as precursors to what they have identified as the event, otherwise known as landfall upon the continental United States.

For the people presently facing Irma, the event is happening now.

The reason this is important is that it implies a lot about the way we view the world and its inhabitants.

Although the political map clearly illustrates borders between nations, views from the International Space Station reveal that these boundaries are mere imaginary lines drawn by history's political pundits whose self-interested motives altogether failed to represent the unanimous consensus of the time, and yet they fail even more miserably in that capacity today.


Notwithstanding the fact that we are all inhabitants of this earth, of the same species and familiar family dispositions, we are subliminally inculcated by political representations of this terrestrial world to ass…

Market Manipulation: Mirages in the Desert of Economic Despair

An article published today by MarketWatch, entitled The world is becoming desperate about deflation, reveals the astounding truth that interest rates would not have remained as low as they are today if the American economy had truly recovered from its most recent recession.

Economists of the political ranks tend to support lower interest rates and inflationary measures because they advance spending, boondoggles and measurable economic activity to the limited timeframes of their active administrations, at the real expense of future output and thoughtful investment that simply affords no benefit to present-day headline economic indicators and the intellectuals who wield them.

In an anemic economic climate, infrastructural change is the antidote to misinvestment, while monetary manipulation is the politically-convenient mirage in the desert of economic despair.


While wanderers across that desert perceive advantage in continuing to chase elusive returns and public policy tacitly rewards t…