Tuesday, June 8, 2010

This Explains A Lot - Lefties Can't Count

You know.

You know you know.

You've seen the evidence which lead you to know.

But there has been no way to "prove" what you know.

Until now.

Our current recession/depression closely coincides with the Democrat takeover of Congress in the 2006 elections. Using past experience as a gauge of future performance, American businesses braced themselves for what was to surely follow: massive increases in government spending and regulations which inevitably lead to an economic downturn. We haven't been dissapointed. In fact, it's so bad that Washington had to try to invent new ways of measuring jobless statistics in order to mislead the public about the damage being inflicted upon average Americans, "jobs saved or created".

Now, granted, our economy has cycles of ups and downs. Life is like that. Good days and bad days. But we take the bitter with the sweet and look forward to the good times that will inevitably return. That right there is faith in our free market system, a faith that's sustained the country through other downturns and would be no different now except for one tiny little thing. The Obama administration and this Congress have no idea how a free market economy works and are actively pursuing policies that are hostile to business.

If you've ever balanced your checkbook, you've wondered where these job-killing ideas come from and why the common sense you apply to your household budget seems absent inside the Beltway.

Now you know.

Thanks to Daniel Klein and Zeljka Buturovic. They analyzed the data from a Zogby poll in a refreshing way, counting not necessarily right or wrong answers to a question, but by eliminating the obviously wrong answer from the responses. The results are very revealing and serve to help explain why we're in the shape we're in, economically. Basically, the more you lean to the left politically, the less you understand about economics.

It's not that liberals did badly compared to conservatives in this survey, they were a soul-crushing disaster. The best thing they got on their test was drool.

Here they are, best to worst, with an average number of incorrect responses from 0 to 8: Very conservative, 1.30; Libertarian, 1.38; Conservative, 1.67; Moderate, 3.67; Liberal, 4.69; Progressive/very liberal, 5.26.
.Notice the "spread" between the best and worst scores. Take 5.26 and divide it by 1.30 and you get a rounded answer of 4. That's four times wronger than the correct answer, which means that libs and lefties not only don't grasp the concepts of money, you may as well be speaking Aramaic to them when it comes to matters economic. Multiply this by 535 Congress members and a White House full of others and you can see why we're in this mess. ( And I sincerely apologize for all this math.)

We have somehow managed to elect people in Washington who are far dumber than the average fifth-grader.

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