COSTELLO: I want to talk about the unemployment rate in America.
ABBOTT: Good Subject. Terrible Times. Its 7.8%.
COSTELLO: That many people are out of work?
ABBOTT: No, thats 14.7%.
COSTELLO: You just said 7.8%.
ABBOTT: 7.8% Unemployed.
COSTELLO: Right 7.8% out of work.
ABBOTT: No, thats 14.7%.
COSTELLO: Okay, so its 14.7% unemployed.
ABBOTT: No, thats 7.8%.
COSTELLO: WAIT A MINUTE. Is it 7.8% or14.7%?
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 cant 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 doesnt look for work cant be counted with those who
look for work. It wouldnt 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 youre off the unemployment roles that would count as less
unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you dont look for work?
ABBOTT: Absolutely it goes down. Thats how Obama gets it to 7.8%. Otherwise
it would be 14.7%. He doesnt want you to read about 14.7% unemployment.
COSTELLO: That would be tough on his 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 Obamas supporters stop looking for work.
ABBOTT: Now youre thinking like the Obama Economy Czar.
COSTELLO: I dont even know what the hell I just said!
ABBOTT: Now youre thinking like Obama.
LOL! And you’re showing our ages. Ugh.