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Old February 13th, 2014, 12:26 PM
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Default How do 42,000 jobs translate to a couple of thousand. Jobs? Ask President Obama

"It's not 42,000," Obama said. "That's not correct. It's a couple thousand to build the pipeline." Obama contesting a statement by Fox News' Bill O'Reilly that the project would create 42,000 jobs.


The State Department report said the project would support about 42,100 jobs during construction, including about 3,900 construction jobs – about 1,950 a year for what is expected to be a two-year project.
Other jobs would come from suppliers of goods and services to the project and from spending by people working on the pipeline that in turn supports other jobs, the report said.
Once the pipeline is running, it will support about 50 jobs, the report said.

Reminds me of the following quotation:
Figures don’t lie, but liars figure.
Carroll D. Wright was a prominent statistician employed by the U.S. government, and he did use the expression in 1889 while addressing the Convention of Commissioners of Bureaus of Statistics of Labor.
The old saying is that “figures will not lie,” but a new saying is “liars will figure.” It is our duty, as practical statisticians, to prevent the liar from figuring; in other words, to prevent him from perverting the truth, in the interest of some theory he wishes to establish.

You can figure where this leads to when you watch the bewitching smiler perform his math magic.
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Old February 13th, 2014, 06:49 PM
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Quote:
Originally Posted by bonnyprincecharlie View Post
"It's not 42,000," Obama said. "That's not correct. It's a couple thousand to build the pipeline." Obama contesting a statement by Fox News' Bill O'Reilly that the project would create 42,000 jobs.

.
.

The 2,000 figure is about right. Other sources than Fox, have mentioned that number.


If the pipe line is built, who do you think is going to pay for it?


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Old February 14th, 2014, 02:55 AM
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There are lies, damn lies, and statistics. Somewhere beneath that is Fox, trying to sell advertising.
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