Abbott & Costello on Unemployment

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by montezumaz, Oct 13, 2012.

  1. montezumaz

    montezumaz Former Guest

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    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.
  2. 45silverback

    45silverback New Member

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    Brilliant, Just freakin' brilliant....:ya:
  3. BlackEagle

    BlackEagle Well-Known Member Supporting Member

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    That's great.:lmao2::dance:
  4. zkovach

    zkovach Active Member

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    Awesome!!
  5. ampaterry

    ampaterry *TFF Admin Staff Chaplain* Staff Member Supporting Member

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    Excellent explanation!
  6. Sig Willy

    Sig Willy Member

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    Makes sense.
  7. targetacqmgt

    targetacqmgt New Member

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    Ah yes the NEW math!!!!!
  8. steve4102

    steve4102 Former Guest

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    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..
  9. nynomad

    nynomad New Member

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    That was great!
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