Abbott & Costello on Unemployment - The Firearms Forum

montezumaz · 10-13-2012, 11:38 AM

COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good Subject. Terrible Times. It’s 8%.

COSTELLO: That many people are out of work?

ABBOTT: No, that’s 14%.

COSTELLO: You just said 8%.

ABBOTT: 8% Unemployed.

COSTELLO: Right 8% out of work.

ABBOTT: No, that’s 14%.

COSTELLO: Okay, so it’s 14% unemployed.

ABBOTT: No, that’s 8%…

COSTELLO: Wait a minute. Is it 8% or 14%?

ABBOTT: 8% are unemployed. 14% are out of work.

COSTELLO: If you are out of work you are unemployed.

ABBOTT: No, Obama said you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed.

COSTELLO: But they are out of work!

ABBOTT: No, you miss his 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.

COSTELLO: To whom?

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 gave up looking and if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you’re off the unemployment roles, 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 Obama gets it to 8%. Otherwise it would be 14%. He doesn’t want you to read about 14% unemployment.

COSTELLO: That would be tough on his reelection..

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 have Obama's supporters stop looking for work.

ABBOTT: Now you’re thinking like the Obama Economy Czar.

COSTELLO: I don’t even know what the heck I just said!

ABBOTT: Now you’re thinking like Obama.

45silverback · 10-13-2012, 11:42 AM

Brilliant, Just freakin' brilliant....

BlackEagle · 10-13-2012, 03:36 PM

That's great.

zkovach · 10-13-2012, 04:01 PM

Awesome!!

ampaterry · 10-13-2012, 05:11 PM

Excellent explanation!

Sig Willy · 10-13-2012, 07:17 PM

Makes sense.

targetacqmgt · 10-13-2012, 08:19 PM

Ah yes the NEW math!!!!!

steve4102 · 10-13-2012, 11:33 PM

Sad, but true.

I may be mistaken on this, but this is what I remember from my college days.

Unemployment or Unemployed means those out of work and collecting Unemployment Compensation benefits.
If you have exhausted your benefits you are no longer Unemployed, you may still be out of work but you are not Unemployed.
If you have gone back to work you are no longer Unemployed.
If you have never worked you are not Unemployed.
If you have a work history, do not collect Unemployment benefits, but do collect some other form of Entitlement moneys, you are not Unemployed.

So, Basically the "Unemployment" numbers used by our Government are only those that want to work, have worked and are collecting temporary Unemployment Compensation Benefits..

nynomad · 10-15-2012, 09:33 AM

That was great!

10-13-2012, 11:38 AM	#1
montezumaz Former Guest Join Date: Aug 2012 Location: Central AZ (Yavapai County) Posts: 653	Abbott & Costello on Unemployment COSTELLO: I want to talk about the unemployment rate in America. ABBOTT: Good Subject. Terrible Times. It’s 8%. COSTELLO: That many people are out of work? ABBOTT: No, that’s 14%. COSTELLO: You just said 8%. ABBOTT: 8% Unemployed. COSTELLO: Right 8% out of work. ABBOTT: No, that’s 14%. COSTELLO: Okay, so it’s 14% unemployed. ABBOTT: No, that’s 8%… COSTELLO: Wait a minute. Is it 8% or 14%? ABBOTT: 8% are unemployed. 14% are out of work. COSTELLO: If you are out of work you are unemployed. ABBOTT: No, Obama said you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed. COSTELLO: But they are out of work! ABBOTT: No, you miss his 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. COSTELLO: To whom? 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 gave up looking and if you give up, you are no longer in the ranks of the unemployed. COSTELLO: So if you’re off the unemployment roles, 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 Obama gets it to 8%. Otherwise it would be 14%. He doesn’t want you to read about 14% unemployment. COSTELLO: That would be tough on his reelection.. 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 have Obama's supporters stop looking for work. ABBOTT: Now you’re thinking like the Obama Economy Czar. COSTELLO: I don’t even know what the heck I just said! ABBOTT: Now you’re thinking like Obama. -->

10-13-2012, 11:42 AM	#2
45silverback V.I.P. Member Join Date: Sep 2012 Posts: 153	Re: Abbott & Costello on Unemployment Brilliant, Just freakin' brilliant.... __________________ VR, Harry MSgt USAF (RET)

10-13-2012, 03:36 PM	#3
BlackEagle Advanced Senior Member Join Date: Nov 2011 Location: UK Posts: 3,171	Re: Abbott & Costello on Unemployment That's great.

10-13-2012, 04:01 PM	#4
zkovach Advanced Senior Member Join Date: Oct 2009 Location: Michigan Posts: 1,005	Re: Abbott & Costello on Unemployment Awesome!! __________________ Liberalism: Poverty for ALL!!

10-13-2012, 05:11 PM	#5
ampaterry TFF Admin Staff Chaplain Join Date: Dec 2008 Location: West Tennessee Contributor Posts: 6,287	Re: Abbott & Costello on Unemployment Excellent explanation! __________________ A woman who demands further gun control legislation is like a chicken who roots for Colonel Sanders. Larry Elder

10-13-2012, 07:17 PM	#6
Sig Willy Senior Member Join Date: Jul 2012 Location: Texas Posts: 565	Re: Abbott & Costello on Unemployment Makes sense. __________________ _________________________ Be alert! We need more lerts!

10-13-2012, 08:19 PM	#7
targetacqmgt Registered User Join Date: Sep 2012 Posts: 494	Re: Abbott & Costello on Unemployment Ah yes the NEW math!!!!!

10-13-2012, 11:33 PM	#8
steve4102 Former Guest Join Date: Jan 2006 Location: Minnesota Contributor Posts: 2,760	Re: Abbott & Costello on Unemployment Sad, but true. I may be mistaken on this, but this is what I remember from my college days. Unemployment or Unemployed means those out of work and collecting Unemployment Compensation benefits. If you have exhausted your benefits you are no longer Unemployed, you may still be out of work but you are not Unemployed. If you have gone back to work you are no longer Unemployed. If you have never worked you are not Unemployed. If you have a work history, do not collect Unemployment benefits, but do collect some other form of Entitlement moneys, you are not Unemployed. So, Basically the "Unemployment" numbers used by our Government are only those that want to work, have worked and are collecting temporary Unemployment Compensation Benefits..

10-15-2012, 09:33 AM	#9
nynomad V.I.P. Member Join Date: Apr 2010 Posts: 377	Re: Abbott & Costello on Unemployment That was great!