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True unemployment

Discussion in 'Politics, Elections & Legislation' started by RWT, Feb 23, 2012.

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  1. RWT

    RWT Well-Known Member

    Joined:
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    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!
     
  2. RWT

    RWT Well-Known Member

    Joined:
    Jan 29, 1998
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    Well, that did't post the way it was formatted.
    It is hard to read this way.
    Robert
     
  3. Catpower

    Catpower Molon Labe TS Supporters

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    Still proves the point though
     
  4. RWT

    RWT Well-Known Member

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    I tried to straighten it up.

    most of it straightened up just not the first part.
     
  5. Palos shooter

    Palos shooter Active Member

    Joined:
    Apr 17, 2008
    Messages:
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    Location:
    Northern Illinois
    > Subject: Abbott and Costello: Unemployment Explained
    >
    >
    > > 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 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 Democrat.
    > > COSTELLO: I don't even know what the hell I just said! And now you know
    > > why Obama's unemployment figures are improving!
    > >
     
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