BOGUE, Kan. - Here's a three-part essay about gifts: wildly exaggerated, sadly expensive, and stupid.
You probably won't remember, but a couple of columns back I wrote that estimates of new jobs promised by the Keystone XL pipeline carrying tar sands oil varied wildly. Last week, Rep. Tim Huelskamp (R-KS) claimed 20,000. So where'd he get that?
CNNMoney took a closer look. The 20,000 estimate comes from TransCanada, the corporation who would build the pipeline. They figured 13,000 construction jobs plus 7,000 manufacturing jobs making pipe, etc. But, whoa.
In 'TransCanada-speak' 20,000 means 10,000 jobs lasting for the two years of construction. Using the same formula, one job lasting 5 years would be 5 jobs.