Posted on 07/27/2016 3:36:02 PM PDT by Osage Orange
Absolutely Brilliant ! ! !
COSTELLO: I want to talk about the unemployment in America.
ABBOTT: Good Subject. Terrible Times. It's 5.6%.
COSTELLO: That many people are out of work?
ABBOTT: No, that's 23%.
COSTELLO: You just said 5.6%.
ABBOTT: 5.6% Unemployed.
COSTELLO: Right 5.6% out of work.
ABBOTT: No, that's 23%.
COSTELLO: Okay, so it's 23% unemployed.
ABBOTT: No, that's 5.6%.
COSTELLO: WAIT A MINUTE. Is it 5.6% or 23%?
ABBOTT: 5.6% are unemployed. 23% 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.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
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 ALL of them are 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 it gets to 5.6%. Otherwise it would be 23%.
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 people stop looking for work.
ABBOTT: Now you're thinking like a Democrat.
COSTELLO: I don't even know what the hell I just said!
ABBOTT: Now you're thinking like Hillary.
Very funny
LOL, very good.
Hilarious and the best thing is I read it in their voices in my head.
That’s pretty good.
I wonder if Trump will try talking about 0bama’s U6 numbers during the campaign or if that’s something that’ll be too far over the “swayable” voters’ heads.
bump
Your original work? Nice!
Too far........
Yeah....I know.
Nope....not that smart. : )
Nice. Very nice.
The government considers you “Not looking for work” if you have exhausted your unemployment benefits. ????????
This gives an inaccurate view of the labor situation.
Those underemployed either through reduced weekly hours or by taking low wage low skill jobs should be part of the unemployment picture.
The US has massive un and under employment. We have become Venensula before Venensula did.......
I hope that and pray that Trump can turn around the US. His past accomplishments says he can.
The only question remaining is whether the entrenched political class let him, or will he will take his case to the nation like Reagan did to overcome political corruption and inertia?
Needs to be made into a video.
bookmark
Agreed....
Hu is on first!!
The Dodgers gave us all a gift when they brought Hu up to The Show...
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