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Post By
HammerTime

Member Since: Sun Jan 07, 2018
Posts: 3,830
In Reply To
zvelf

Member Since: Sat May 17, 2008
Posts: 11,493
Subj: Re: A fair bit of what you have said is nonsense...
Posted: Fri Jan 18, 2019 at 12:28:28 pm EST (Viewed 173 times)
Reply Subj: Re: A fair bit of what you have said is nonsense...
Posted: Fri Jan 18, 2019 at 10:54:20 am EST (Viewed 166 times)




    Quote:
    Obviously you don't understand statistics since you're comparing what you do normally to a significant increase in job searches by others. That comparison is completely irrelevant.


And obviously, you look at statistics and make all kinds of farcical interpretations. I understand human nature and know how govvies think because I'm one of them. There are very, very few departures except in cases of retirement. It's like the Shawshank Redemption, we're institutionalized and the outside world scares us to death.


    Quote:

      Quote:
      Nobody with talent ever joined the government, anyway.



    Quote:
    Yes, you seem to be a pointed example.


And what does that say about you when I routinely beat up your arguments?


    Quote:

      Quote:

        Quote:
        Beyond all that, $200 million in pay is being withheld PER DAY, which is a lot of money that's not going back into the economy.

      Quote:

        Quote:
        $200 million per day is not that big a deal on a national scale. The federal budget is $4 trillion so $200 million per day is less than 2%.



    Quote:
    The examples of your poor math skills continue. It's actually much less than 2%, but that doesn't change the fact that in a month, that $200 million has become $6 billion and regardless of that number's relationship to the entire federal budget, that's a significant amount of money to businesses in neighborhoods frequented by government workers.


Like here, for example. Why call someone's math skills stupid when you're so easily proven wrong?

(200,000,000 salary per day)/(4,000,000,000,000 federal budget / 261 working days in a year) = 1.31% of the federal budget.

So I proved it was small. But you somehow think it's much smaller which would only serve my point even more.

It must be hard on your ego to get corrected all the time.


    Quote:
    See your lack of math skills. Last year's first quarter showed 2.2% economic growth. 17 weeks of 0.13% contraction would completely wipe that out. We're starting our 5th week now with no signs of the shutdown ending now so we're 30% of the way there.


First, interpretation of data is not a math skill. Second, 0.13% is not a lot because the effects are not being felt by the vast majority of Americans, and more importantly, this:

Hassett did not provide additional details about the estimates, but added that diminished spending by furloughed employees will be made up once they receive back pay after the shutdown ends, alleviating some of the damage.

"What's going to happen is that I think they've been promised that they're going to get the back pay -- which doesn't really help them right now when they're trying to pay the bills -- but in the fullest of time, when they get the back pay, then that means that there will be a rebound in government spending," Hassett said. "And so what will happen is it'll be lower this quarter and higher next quarter, assuming that this thing gets worked out by the end of the quarter."

"In the fullest of time, this should not have a long-run effect on GDP growth," he said.


https://www.cnn.com/2019/01/16/politics/kevin-hassett-shutdown-economic-growth/index.html





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