Unemployment-Abbott and Costello
Unemployment-Abbott and Costello
The best and most simple explanation of how the Obama admin tries to sell unemployment #'s
Abbot and Costello
COSTELLO: I want to talk about the unemployment rate in America.
ABBOTT: Good subject. Terrible times. It's about 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're out of work you're 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're 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 whom?
ABBOTT: The unemployed.
COSTELLO: But they're ALL out of work.
ABBOTT: No the unemployed are actively looking for work... Those who are out of work stopped looking. They gave up. If you give up you're 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 goes down just 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!
Abbot and Costello
COSTELLO: I want to talk about the unemployment rate in America.
ABBOTT: Good subject. Terrible times. It's about 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're out of work you're 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're 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 whom?
ABBOTT: The unemployed.
COSTELLO: But they're ALL out of work.
ABBOTT: No the unemployed are actively looking for work... Those who are out of work stopped looking. They gave up. If you give up you're 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 goes down just 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!
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Jim
Jim
The sad part is that most of the population - including most that voted for Obama last time - believe the 9% number. In fact if the number magically drops to 3% just before the elections - for the exact reasons you stated - he'd be a hero. Words fail me.
The sad part is too many people are too stupid to actively participate in this society, but they try and really screw things up.







