Now Things Are Getting Really Ridiculous

A sad menagerie for all to behold.

Updated:Do They Not Get Any Canadian News In Peru?

I had to wonder after reading this story and watching the video below. After all, asserting to be Mike Duffy's daughter is not something that most people would claim, given the porcine senator's domestic notoriety:

UPDATE: Macleans seems to have removed the embed code for the video, but you can still see it by clicking on the story link above.

A Timely Reminder of Young Tim Hudak's Faulty Math

While much of the media seem to give young Tim Hudak a free pass on his ludicrouse claim that he will create one million jobs in Ontario over eight years by slashing both jobs and corporate taxes, Paul Boothe at Maclean's is offering a more critical perspective:

A very surprising and, for voters, unfortunate thing became apparent last week in the Ontario election campaign. The Progressive Conservatives’ central campaign proposal, the million jobs plan, collapsed when analysts looked closely at the math. Elementary, but critical arithmetic errors in their calculations resulted in the Progressive Conservatives vastly overestimating the number of jobs their plan would create. These errors demolished the underlying economic rationale the party had put forward for its smaller-government, lower-tax plan.

It seems that a fundamental error occurred in the Tory brain-trust's calculations:

...the planners confused person-years of employment with permanent jobs. This confusion led them to vastly overestimate the effect of their proposed job-creating measures. The result was that the half million jobs the Progressive Conservatives were promising to create with their plan (base-case economic growth was expected to provide the other half-million jobs) was really only about 75,000—fewer than the 100,000 public-sector jobs they were pledging to eliminate.

Or to put it another way, as explained by McMaster economist Mike Vealle,

Mr. Hudak appears to have conflated person years of employment – how many people would be employed for a single year – with permanent jobs. As a result, he counted many projected jobs multiple times.

Tim's predictable response?

“We strongly disagree with that interpretation,” he said while touring a factory on the outskirts of Niagara Falls. “I stand behind our numbers.”

While no one has yet demanded studies to back up Tim's basic premise, that austerity and tax cuts create jobs as discussed in two previous posts, this discovery of error at least represents a good use of journalistic time.

How The Mighty Are Fallen

Anne Kingston, a writer for Maclean's, offers a peek at her upcoming exposé of Wadena's Wayward Woman and her fall from grace:

Breaking News: Despite her continued protestations of having done nothing wrong, Wallin has just repaid another $100K, accompanied by the following statement:

“Although I fundamentally disagree with the methodology used in arriving at that figure, particularly since the amount was calculated using newly created rules to examine past expenses, I do not want to burden the people of Canada and, in particular the people of Saskatchewan, by engaging in a protracted legal debate about the matter”.

“I wish to make it clear. I was not treated fairly by the Deloitte review, which was not conducted in accordance with generally accepted accounting principle, nor have I been treated fairly by the Senate Committee. Evidence that casts doubt on the correctness of the amounts owing was either ignored or disregarded during the review.”

The Face of Integrity

With a transcript of the extended interview.

H/t Alex Himelfarb