President Obama announced in Ohio yesterday that premiums for employers will drop 3,000 percent if Congress enacts Obamacare. So for every $1,000 an employer currently pays, they will receive back $30,000. The audience applauds this obviously absurd statement. I guess the teleprompter malfunctioned.
Just imaging what the media would be doing if George Bush would have said something like this. We would never hear the end about what an idiot he is.
{ 2 comments… read them below or add one }
A reduction “by” is not the same as a reduction “of.” A reduction “by” means you divide (by), ie if an employer pays $10,000, a 3000% reduction is $10,000/ 3000% = $333. A reduction “of” would be $10,000 multiplied by 3000% giving you the crazy numbers, and that wouldn’t be a reduction! It would have been simpler if he had said employers may be paying up to 3% “of” their current cost. But then what sounds more profound, 3 or 3000? After-all it is politics.
Hmmm. This is what happens when American schools neglect teaching basic math. Let this comment be evidence that we have a long way to go in helping people achieve basic mathematical literacy.