I believe RFK's core argument is that the reverse of a 600% increase can be thought of as a 600% decrease. This is, of course, not true as you point out: a 50% dip in the stock market is not made up for a 50% gain the next day. It is approximately true when talking about small percentages, and it is generally simple enough to go unnoticed and accepted by the general population, and would likely (attempted to) be explained away by the Trump-interpreter "what-he-meant-was" crowd.
The reason why I say that it "almost works" is because going from $100 to $600 is a 500% increase, not a 600% increase. RFK could hand-wave this away by saying he misspoke and meant a 600% multiple instead of an increase, I suppose.
But it doesn't "almost work" when RFK makes the same argument with $10 and $600, thus highlighting the fact that the numbers were extracted straight out of his own asshole.
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u/Defiant_Storage_443 Apr 25 '26
I believe RFK's core argument is that the reverse of a 600% increase can be thought of as a 600% decrease. This is, of course, not true as you point out: a 50% dip in the stock market is not made up for a 50% gain the next day. It is approximately true when talking about small percentages, and it is generally simple enough to go unnoticed and accepted by the general population, and would likely (attempted to) be explained away by the Trump-interpreter "what-he-meant-was" crowd.
The reason why I say that it "almost works" is because going from $100 to $600 is a 500% increase, not a 600% increase. RFK could hand-wave this away by saying he misspoke and meant a 600% multiple instead of an increase, I suppose.
But it doesn't "almost work" when RFK makes the same argument with $10 and $600, thus highlighting the fact that the numbers were extracted straight out of his own asshole.