This isn’t funny…

Who’s onto Obamanomic’s??

 

COSTELLO: Hey Abbott I want to talk about the unemployment rate in America and have you tell me how to explain it as if we were in charge. 

 

ABBOTT: Good Subject. Terrible Times. It’s 8%. 

 

COSTELLO: That many people are out of work?

 

ABBOTT:  No, that’s 15%.

 

COSTELLO: You just said 8%.

 

ABBOTT:  8% Unemployed.

 

COSTELLO: Right 8% out of work. 

 

ABBOTT: No, that’s 15%.

 

COSTELLO: Okay, so it’s 15%  unemployed.

 

ABBOTT: No, that’s 8%…

 

COSTELLO: WAIT  A MINUTE. Is it 8% or 15%?

 

ABBOTT: 8% are unemployed. 15%  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 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 we get to 8%. Otherwise it would be 15%. You don’t want to read about 15% unemployment, we wouldn’t win re-election…and then we would be unemployed.

 

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 to have American’s stop looking for work and have the government send checks to stay at home. 

 

ABBOTT: Now you’re thinking like Barack Obama. 

 

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

 

ABBOTT: Well now you’re sounding like Joe Biden.

 

 

 

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