View Full Version : Understand It Yet?

08-10-2015, 12:06 PM
So who knows real true statistics?

COSTELLO : I want to talk about the unemployment rate in America .
ABBOTT : Good Subject. Terrible Times. Itís 5.6%.
COSTELLO : That many people are out of work?
ABBOTT : No, thatís 23%.
COSTELLO : You just said 5.6%.
ABBOTT : 5.6% Unemployed.
COSTELLO : Right 5.6% out of work.
ABBOTT : No, thatís 23%.
COSTELLO : Okay, so itís 23% unemployed.
ABBOTT : No, thatís 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, Congress said you canít count the ďOut of WorkĒ as the unemployed. You have to look for work to be unemployed.
ABBOTT : No, you miss his point.
COSTELLO : What point?
ABBOTT : Someone who doesnít look for work canít be counted with those who look for work. It wouldnít 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 youíre off the unemployment roles that would count as less unemployment?
ABBOTT : Unemployment would go down. Absolutely!
COSTELLO : The unemployment just goes down because you donít look for work?
ABBOTT : Absolutely it goes down. Thatís 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 youíre thinking like an Economist.
COSTELLO: I donít even know what I just said!
ABBOTT: Now youíre thinking like a Politician.

08-10-2015, 01:23 PM
Amazing the convoluted "logic" of the politicians.

08-10-2015, 01:27 PM
COSTELLO: I don’t even know what I just said!

ABBOTT: Now you’re thinking like a Politician.

:applause: :applause:

Entire post is funny ... but true!

08-13-2015, 05:44 PM
Great post. Funny and sad at the same time.