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Hey Abbott!

posted 3/26/2012 3:54:40 PM |
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hey abbott!

COSTELLO: I want to talk about the unemployment rate in America.
ABBOTT: Good Subject. Terrible Times. It's 9%.
COSTELLO: That many people are out of work?
ABBOTT: No, that's 16%.
COSTELLO: You just said 9%.
ABBOTT: 9% Unemployed.
COSTELLO: Right 9% out of work.
ABBOTT: No, that's 16%.
COSTELLO: Okay, so it's 16% unemployed.
ABBOTT: No, that's 9%...
COSTELLO: WAIT A MINUTE. Is it 9% or 16%?
ABBOTT: 9% are unemployed. 16% are out of work.
COSTELLO: IF you are out of work you are unemployed.
ABBOTT: No, you can't count the "Out of Work" as the unemployed.
You have to look for work to be unemployed.
ABBOTT: No, you miss my point.
COSTELLO: What point?
ABBOTT: Someone who doesn't look for work, can't be counted with those who look for work.
It wouldn't be fair.
ABBOTT: The unemployed.
COSTELLO: But they are ALL out of work.
ABBOTT: No, the unemployed are actively looking for work.
Those who are out of work stopped looking.
They gave up. And, if you give up, you are no longer
in the ranks of the unemployed.
COSTELLO: So if you're off the unemployment rolls, that would count as
less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don't look for work?
ABBOTT: Absolutely it goes down. That's how you get to 9%. Otherwise it would be 16%.
You don't want to read about 16% unemployment do ya?
COSTELLO: That would be frightening.
ABBOTT: Absolutely.
COSTELLO: Wait, I got a question for you.
That means there are two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down,
and the easier of the two is to just stop looking for work.
ABBOTT: Now you're thinking like an economist.
COSTELLO: I don't even know what the hell I just said!

And now you know why Obama's unemployment figures are improving!

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post a comment!


Mar 26 @ 4:07PM  
That's a way to get people to pay attention.

Love Abbott and Costello, and it looks like this is a little take off of their "Who's On First" of my favorites by them.

But it does show the differences..hence a comical way, even if the subject itself isn't funny.

Mar 26 @ 8:30PM  
The Obama Administration says Unemployment is close to 8.2%
Gallup puts it around 9.2%.
The REAL unemployment is close to 20%.

Lies, damn lies, and Statistics.

I miss George Bush.

Once Oblamer gets a gallon of Gasoline to $10 per, and he gets his civil/race war
going......hold on.
(I've heard he has plans for martial law once he goes to war with Iran, as 'they' have invited 'cells' into the US.)

Mar 26 @ 11:12PM  
BINGO is right ..

Mar 27 @ 12:04PM  
Thanks for your comments, i can't send emails to thank you, and it will be a cold day in hell before i pay for this crappy site

Mar 27 @ 12:52PM  
When I was a veterans' employment counselor for the state we knew to multiply the unemployment rate by two and a half to get a ballpark of how many people were out of work. The unemployment rate only reflects the number of people getting UI and doesn't include those whose benefits have expired, were formerly self employed, quit their job, etc.

Love Abbott and Costello, and it looks like this is a little take off of their "Who's On First" of my favorites by them.

It is. It is a retread of an antique George Bush joke from the early nineties that reemerged when his offspring was was in office five or six years ago

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Hey Abbott!