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Abbott & Costello discuss unemployment in America


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, Obama said you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed. 


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 they are ALL 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 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 the current administration gets it to 7.8%. Otherwise it would be 14.7%. Our govt doesn't want you to read about 14.7% unemployment. 

COSTELLO: That would be tough on those running for reelection. 

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 administration supporters stop looking for work. 

ABBOTT: Now you're thinking like the Economy Czar. 

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

ABBOTT: Now you're thinking like our current President

Entry #110


jarasanComment by jarasan - October 17, 2012, 2:30 am
Good one thanks!
jarasanComment by jarasan - October 17, 2012, 2:30 am
Good one thanks!
jackpotismineComment by jackpotismine - October 17, 2012, 3:45 am
So on point. No working is still unemployed.
rdgrnrComment by rdgrnr - October 17, 2012, 10:24 am
Exactly the kind of double-talk we always get from this administration.
And at the core are lies.
Lies that have to be covered up and denied.
rcbbuckeyeComment by rcbbuckeye - October 18, 2012, 1:07 pm
It would be really funny if not so   true.
Jack-CComment by Jack-C - October 18, 2012, 1:11 pm
Abbott & Costello would have a lot of material to use right now with this president!
CARBOBComment by CARBOB - October 19, 2012, 12:27 pm
This might turn out to be a classic, like, "Who's on First"?

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