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Thread: Abbott & Costello explain unemployment

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    Default Abbott & Costello explain unemployment

    ***Abbott and Costello explain the so-called 'unemployment rate'.***

    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 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 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 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 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 heck I just said!

    ABBOTT: Now you're thinking like a politician.
    "I'm gonna lean up against you, and you lean up against me. That way we don't hafta sleep with our heads in the mud"
    Forrest Gump, 1994

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    Q: What's the difference between a car salesman and a politician?
    A: One is a guy who promises you a great deal, then saddles you with a lemon at exhorbitant interest rates, finally landing you upside down and possibly in over your head, thereby crippling your potential for prosperity.

    The other sells automobiles.

    just some fun on the lighter side of things.... sometimes we get a little too down on each other around here....
    "I'm gonna lean up against you, and you lean up against me. That way we don't hafta sleep with our heads in the mud"
    Forrest Gump, 1994

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    Quote Originally Posted by ARay11 View Post
    ***Abbott and Costello explain the so-called 'unemployment rate'.***

    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 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 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 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 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 heck I just said!

    ABBOTT: Now you're thinking like a politician.
    I love it ! Thanks for posting it. Stealing it.....okay ?
    charly

    There ought to be one day -- just one -- when there is open season on Congressmen.
    ~Will Rogers~

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    Quote Originally Posted by charly_t View Post
    I love it ! Thanks for posting it. Stealing it.....okay ?
    OF COURSE!! lol!!
    I think we need a thread of "lighter" material around here sometimes!!! ;P
    "I'm gonna lean up against you, and you lean up against me. That way we don't hafta sleep with our heads in the mud"
    Forrest Gump, 1994

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    Senior Member Bayou Magic's Avatar
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    That's a great one, and it describes ONE of the biggest lies told by our government. I'd like to hear the Abbott and Costello take on inflation and CPI! IMO, THAT is the biggest lie.

    fp
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