Abbott and Costello on ‘Unemployment’

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

ABBOTT: Good Subject. Terrible Times. It’s 7.8%.

COSTELLO: That many people are out of work?

ABBOTT: No, that’s 14.7%

COSTELLO: You just said 7.8%.

ABBOTT: 7.8% Unemployed.

COSTELLO: Right 7.8% out of work.

ABBOTT: No, that’s 14.7%.

COSTELLO: Okay, so it’s 14.7% unemployed.

ABBOTT: No, that’s 7.8%.

COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?

ABBOTT: 7.8% are unemployed. 14.7% are out of work.

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

ABBOTT: No, Congress said you can’t count the
“Out of Work” as the unemployed, it makes President
Obama’s employment numbers look bad!
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 ALL of them are 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 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 they get it
to 7.8%. Otherwise it would be 14.7%. President Obama
doesn’t want you to read about 14.7% unemployment, it
makes him look bad, incompetent, and makes him look
like he doesn’t have a clue what he is doing as President.

COSTELLO: That would be tough on the Democrats running
for re-election.

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 people stop
looking for work.

ABBOTT: Now you’re thinking like a Democratic Economist.

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

ABBOTT: Now you’re thinking like a Congressman.

Advertisements

About tannngl

Believer (God the Father, the Son and Messiah, the Holy Spirit), daughter, wife, mother, memaw, RN, hobbit, street evangelist I love people, music, reading, praying, studying the Bible, keeping up with national news and politics. I am a strict constructionist, a true American. I love my country. I honor her warriors. I am thankful for our Constitution and will personally bear arms for it.
This entry was posted in News of the Day. Bookmark the permalink.

11 Responses to Abbott and Costello on ‘Unemployment’

  1. TeachX3 says:

    HAHAHAHA! girl, you’re on a roll!! 😀

    Like

  2. Mrs. AL says:

    And keep on rolling, tannngl! This is absolutely priceless!!!!

    Like

  3. CW says:

    Don’t know whether to laugh or cry! 🙂

    Like

  4. Great stuff, tannngl!!
    😀
    Yet sadly far too accurate…..

    Like

  5. Pingback: Why America May Be Fabricating Its Jobs Numbers | Prepper Podcast Radio Network

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s