The Ryan Constant

September 7th, 2012at 07:29am Posted by Eli

Okay, this is actually very useful:

Mr. Ryan also cited bankruptcy numbers to make the point that failing businesses mean fewer jobs. “In 1980 under Jimmy Carter, 330,000 businesses filed for bankruptcy,” he said. “Last year, under President Obama’s failed leadership, 1.4 million businesses filed for bankruptcy.

But he appeared to conflate business bankruptcies and much more numerous personal bankruptcies. Of the 331,264 bankruptcies in 1980, only 43,694 were for businesses, according to the American Bankruptcy Institute.

Of the 1,410,653 total bankruptcy filings last year, 47,806 were business bankruptcies, according to the institute. And, again, the numbers are falling. In 2009, there were 60,837 business bankruptcies.

We can use this to actually quantify a multiplier for Ryan’s bullshit, a “Ryan Constant”, if you will, which works out to be approximately 29.285.  Armed with this information, we can now re-examine Ryan’s claim to have climbed 40 of Colorado’s 54 “fourteeners”, or mountains that are 14,000 feet tall or higher.  Applying the Ryan Constant, we find that Ryan has actually climbed 1.4 fourteeners.  Or 40 mountains that are 478+ feet high.

Entry Filed under: Elections,Politics,Republicans,Ryan,Wankers


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