UPDATE 18.36: Annoyingly, Guido is right on the economics (LFF overlooked figures released yesterday). Still got the Venn diagram wrong though!
With a post entitled Economics for 7 Year Olds Guido clearly fancies himself as something of a primary school teacher. He attempts to use a set diagram to show that the UK is the only G20 country still in recession. Wrong! Left Foot Forward has the skinny on how four other countries should be alongside the UK.
But it’s not just the economics that is shoddy. On the basis of the original Venn diagram (now corrected) he should probably hold fire on that Open University PGCE:
“Mr. Guido, Sir, how is it possible for the UK to be in recession and out of recession at the same time?”
Really. What would Ofsted think?!
Hat tip: Adam Bienkov
2 Comments
It has long v=been clear that the – 0.3% figure for UK GDP over July – Sept 09 was likely minus in July, but likely positive Growth in Aug/Sept.
Guido Fake (Libertarian LOL): Registered in the WIndies to avoid libel actions, claiming at various times to live on commissions from placing ads on the internet, and to be making an excellent living from journalism.
Libertarian?
What did he say so often?
Liar, Liar, pants on fire!
Says it all: http://orderorder.files.wordpress.com/2009/12/venn-diagram.gif
6 Trackbacks
New post –> Set theory 101 with Guido Fawkes http://cli.gs/Xm4GD
++++GUIDO EXCLUSIVE++++ UK in and out of recession at the same time! http://cli.gs/Xm4GD
More Tory stupidity. RT @AdamBienkov: ++++GUIDO EXCLUSIVE++++ UK in and out of recession at the same time! http://cli.gs/Xm4GD
++++GUIDO EXCLUSIVE++++ UK in and out of recession at the same time! http://cli.gs/Xm4GD (via @AdamBienkov)
Set theory 101 with Guido Fawkes | Political Scrapbook: UPDATE 18.36: Annoyingly, Guido is right on the economics (… http://bit.ly/7IalBf
[...] about G20 countries still in recession, following this simple Venn diagram, so simple even a seven-year-old could do it! As for definitive evidence of whether or not Spain is in the G20, G20+ or G∞, your [...]