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Unemployment
Posted: Mar 14, 2012
Abbott and Costello Discuss Our UNEMPLOYMENT Figures...
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.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
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.
COSTELLO: To who?
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 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 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 they're 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!
;
like! - sm
[ In Reply To ..]it's so important to remember that the interpretation of data has everything to do with definitions.
Its exasperating and futile, but for the record - sm
[ In Reply To ..]one more time, OBAMA DID NOT GET US INTO THIS MESS. He clearly and repeatedly said he could not get us out of our mess in 1 term as President.
facts - sm
[ In Reply To ..]Let's go back 3 years ago:
In 2009, President Obama said, “Look, I’m at the start of my administration. One nice thing about the situation I find myself in is that I will be held accountable. You know, I’ve got four years. And, you know, a year from now I think people are going to see that we’re starting to make some progress, but there’s still going to be some pain out there. If I don’t have this done in three years, then there’s going to be a one-term proposition.”
Buh-bye
Hello...and he also said in the same - sm
[ In Reply To ..]article...When speaking at a campaign fundraiser on Wednesday, President Obama said, “When I said 'change we can believe in' I didn't say 'change we can believe in tomorrow.' Not change we can believe in next week. We knew this was going to take time because we've got this big, messy, tough democracy and that’s a great thing about America is that there are all these contentious ideas that are out there and we’ve got to make our case.” And, when he was campaigning he did say he could not do it in 1 term. This goes to show you how willing hie is to be accountable for his actions..unlike Bush for example.
And, we can go back and forth all day long - sm
[ In Reply To ..]picking out statements out of context to try to prove a point. You can go ahead and do that if you want. now I shall say buh-bye.
facts - In context and Obama's own words - Great post - but U know how Dems hate facts
[ In Reply To ..]x
agree - nm
[ In Reply To ..]
Obama put us 15 trillion in debt. - FACTS are FACTS! nm
[ In Reply To ..]nm
You can make up any number you want. - sm
[ In Reply To ..]That doesn't make it true. It would be nice if you could supply a link corroborating your allegation.
Until I see one, common sense tells me you're not telling the truth.
Here's an interesting little clip....it explains "debt." Obama's - sm
[ In Reply To ..]http://www.youtube.com/watch?v=bVcDPUMNn3s
$15 trillion, and you really believe that? I have waterfront property in AZ. - Look into this further. no message.
[ In Reply To ..]s
FOR THE RECORD, OBAMA SCREWS UP - EVERYTHING HE TOUCHES
[ In Reply To ..]Obama completely, totally incompetent. To recognize how big a failure Obama is, you have to have more knowledge than a 2-year-old.
I have to ask..are you serious? Im not being sarcastic. - sm
[ In Reply To ..]I would like to know if you truly believe he has screwed up EVERYTHING he touches (like getting bin laden for example just give a point of reference) and that some people here have less knowledge than a 2-year-old? Could you be that narrow minded I just dont believe it. It cannot be true.
Dont'cha mean BUSH? That dude couldn't walk - and chew gum at the same time.
[ In Reply To ..]
well, at least he doesn't post in caps all the time - ; )
[ In Reply To ..]
POSTING IN CAPS MUST REALLY - SCREW WITH THE LIB'S HEAD - TAKES SO LITTLE
[ In Reply To ..]BUT I LOVE DOING MY PART. NEVER SAW SO MANY RUDE, INTOLERANT, UNCIVIL, HYPOCRITICAL, NAME-CALLING LBS/DEMS IN ONE PLACE. MAKES A LOT OF SENSE TO IGNORE ANY TRUTH POSTED, BUT HONE IN ON THE SIZE FONT SOMEONE USES. TRY GROWING UP.
Posting in caps - mbmt
[ In Reply To ..]I figured you were posting in caps to help those of us with poor vision to be able to read your posts.
3,939,000 jobs gained since depression trough - Almost 4 million with Obama
[ In Reply To ..]Unfortuneately, Bush lost almost 5 million jobs and the last month of Bush's fiasco is charted as occurring the first month of Obama's term.
According to the Republican spin, you would have to blame Obama's first month on Obama. The Republican spin on this gives me whiplash.
Hysterical.... and simply not true. Obama only - delayed a recovery and caused debt
[ In Reply To ..]the debt will turn us into Greece. You really need to wake up to reality sometime!
Go back to sleep Rip. When you awake - things will be better. nm
[ In Reply To ..].
Thats the problem. YOU are asleep! nm - America in the toilet
[ In Reply To ..]nm
Taken the day off - poufy
[ In Reply To ..]Having my coffee and seeing today's discussions. We have replaced the Hitler-is-Obama with Abbott and Costello. Who pays people to research and write this stuff? Only a madman would do it for free. Further down I see the amigos are having the vapors over a flag somewhere. Not really important, but gives the gals a chance to exercise their umbrage and great love of the cloth that represents the country -- the people who inhabit it? Not so much. Looking forward to reading all your flames tomorrow. Have a good day.
Your post - sm
[ In Reply To ..]did my cardiovascular system good. Warm fuzzy to you.
Great post. Couldn't agree with you more. - nm
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