The ‘Inexact Science’ of Accounting and the Exact Science of Scamming

The next time the IRS audits you and find discrepancies in your reporting, just tell them that “accounting is an inexact science” and see how far that gets you. Somehow it’s an appropriate excuse for a crooked and/or incompetent administration:

President Obama brushed off criticism over his administration’s inaccurate reporting on job creation Wednesday, telling Fox News the accounting is an “inexact science” and that any errors are a “side issue” when compared with the goal of turning the economy around. He said job growth is his No.1 responsibility.

Bob Newhart, the actor/comedian who used to be an accountant, once said the following: “My theory of accounting was that as long as you got within two or three bucks of it, you were all right. But that didn’t catch on.”

No, but getting within several billion of it has caught on. Hey, somebody wake up Sheriff Joe! I think there’s some pilferin’ goin’ on!

Not a surprise though, because the same Gorebot tax cheats who write bogus junk science reports on global warming are the ones in charge of keeping the nation’s books. What could possibly go wrong?

The climate change “data” we’re about to base an entire economy on is probably as accurate as the latest jobs/stimulus data, because a lot of it comes from the same people. They’ll work wonders with the health care budget.

Obama was just in China, so I wonder if he found out what happens to “inexact accountants” in that country.

Update: From an Obama speech to Congress in February:

I have told each member of my Cabinet as well as mayors and governors across the country that they will be held accountable by me and the American people for every dollar they spend.

That seems like an unrealistically specific demand to expect from such an inexact science.