Monday, September 29, 2008

Where Did That 700 Billion Number Come From?

Andrew Malcom at the L.A. Times explains:

Here's a quote from that Forbes story:

"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

They made it up to be sufficiently ginormous to frighten everyone into rapid action.

And it worked.

So it did, indeed.

2 comments:

Anonymous said...

I saw this yesterday. Makes you wonder about other things they say.

Murf said...

Concur. It has been remarkably like the run up to the Iraq war.