Makes sense.

Live life to the fullest. If you don't, regret will be your legacy.

Thursday, February 16, 2012

Who's on First Redux

COSTELLO: I want to talk about the unemployment rate in America .
ABBOTT: Good Subject. Terrible times. It's 9%.

COSTELLO: That many people are out of work?
ABBOTT: No, that's 16%.

COSTELLO: You just said 9%.
ABBOTT: 9% Unemployed.

COSTELLO: Right 9% out of work.
ABBOTT: No, that's 16%.

COSTELLO: Okay, so it's 16% unemployed.
ABBOTT: No, that's 9%...

COSTELLO: Wait a minute. Is it 9% or 16%?
ABBOTT: 9% are unemployed. 16% 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.

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 rolls, 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 you get to 9%.
Otherwise it would be 16%. You don't want to read about 16%
unemployment do ya?

COSTELLO: That would be frightening.
ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means they're 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.

OSTELLO: 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 stop looking for work.
ABBOTT: Now you're thinking like an economist.

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

And now you know why unemployment figures are improving!
This should completely clear up the confusion over  unemployment figures…


  1. I think Costello is one of barry's advisors.

  2. I have but one word with punctuation,,,,Brilliant!!!!

    Okay, some more,,,People of today may not even know of Abbott and Costello (I do however) but the narrative fits perfectly.

    I think me will "borrow" this and change the names so that those not old enough to remember A&C will get the drift.

    Got any idea on whose names I might use,,,,?

  3. Inno,

    Yah think Little Timmie G is a relative of Costello?

  4. Chris,

    Pretty much anyone in the cabinet or the czar pool?

    Go for it! Git those creative juices flowing, you'll come up with a quality decision.


Please keep it black or white. I am color blind so if you wish that I hear what you are typing, keep it simple and clear. I see a way too much gray already.

But funny, witty, wry or good natured fun is always welcome.