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DCH0
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re: Statistics, statistics and damned lies
DCH0   8/1/2012 9:42:05 PM
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Get the quote right. Lyndon Johnson said: "There are three kinds of lies. Lies, Damned Lies, and Statistics."

LorenSutherland
User Rank
Rookie
re: Statistics, statistics and damned lies
LorenSutherland   8/1/2012 7:23:05 PM
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Brian, Suggest you look at www.americanminifoundry.com if you want an update on "counterfeit parts" , albeit more focused on US security Peace, Loren

Ogemaniac
User Rank
Manager
re: Statistics, statistics and damned lies
Ogemaniac   8/1/2012 7:54:05 AM
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Even if you assume the $12 billion figure, the 200,000 job figure is ridiculous. A modern manufacturing facility translates into something more like a million dollars in sales per worker, not $60,000 ($12b/200k).

BrianBailey
User Rank
Blogger
re: Statistics, statistics and damned lies
BrianBailey   7/31/2012 11:54:51 PM
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Well, I will try and keep people honest and call them on it when I see blatant misuse of information.

EREBUS0
User Rank
Rookie
re: Statistics, statistics and damned lies
EREBUS0   7/31/2012 9:20:01 PM
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Trust no one and verify all data. Truth is more subjective than it used to be. SPIN is the name of the game and everyone uses statistics to justify their miss-information. Pity really, we used to be able to trust journalist, but it seems they have developed a tremendous credibility issue. Josef Goebbels would be proud of the way our news media have become propaganda vehicles for all parties. I stopped watching network news years ago. Too depressing.

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