Sunday, August 12, 2018

An Exercise In Arithmetic, Mathematics and Logic

I will never stop reading what members of our Congress have to say about anything and everything. It is so educational! I love to be educated! I just love to be smart! 

In this case this bit of Making Me Smarter is from a candidate for Congress who is not yet a Member of Congress but she’s going to be. Can you imagine how much smarter she will be after she gets into Congress!

 

There I go getting ahead of you. It’s my fault. I apologize. Allow me to start making amends by pecking this below...

In an interview with PBS on July 13, the candidate was discussing the viability of capitalism in America when she was asked about the current strong economy and low unemployment rate of 4%.

She responded: “I think the numbers that you just talked about is part of the problem, right? Because we look at these figures and we say, ‘Oh, unemployment is low, everything is fine, right?’ Well, unemployment is low because everyone has two jobs.”

I’ll make this point about the Unemployment Rate and then I will move on to today’s Foolishness...Or Is It? ... According to PolitiFact.com... “When the Bureau of Labor Statistics determines the unemployment rate, a person is counted as employed as long as they have at least one job. They don’t get counted twice if they have two jobs”.

 

In my self-proclaimed capacity as leader of the Imitation Smart People, I will analyze this for all of you using the Arithmetic I was taught by Sister Mary Luke...

Ø I’ll start by using a big inaccurate number by assuming we have 1,000,000 workers in the Good Ole USofA’s labor force.

Ø Let’s also assume we have 1,000,000 jobs in the Good Ole USofA.

Ø Let’s assume that 500,000 of our workers do not have jobs and 500,000 of our workers do have jobs.

Ø Let’s keep on assuming and assume that every one of the 500,000 workers who do have jobs actually have 2 jobs.

Ø According to our future Congresswoman this means that we have Full Employment in the Good Ole USofA because there are 1,000,000 jobs and there is a worker working in every one of those 1,000,000 jobs!

Ø Using logic and not arithmetic this means that the 500,000 who do not have jobs actually do have jobs because we have Full Employment in the Good Ole USofA and Full Employment means every worker has a job! (See above bullet point.)

 

If you are confused by all of this Irrefutable Logic and Arithmetic don’t feel badly. I have an advantage over you because Sister Mary Luke was very good at teaching Arithmetic and, I also was taught by Father Hatrel in High School and he told me, “Mathematics Is an Exact Science”.

 

Would I kid u?

Smartfella

 

Lagniappe: I don’t feel qualified to explain to you the difference between Arithmetic and Mathematics. I recommend you wait until this Future Congresswoman gets into Congress and then you can send her a Tweet and ask her. She’s getting sharper every day...Or is she?