makes sence

Abbott and Costello talk unemployment

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COSTELLO: I want to talk about the
unemployment rate in America .





ABBOTT: Good Subject. Terrible Times. It's 7.8%.





COSTELLO: That many people are out of work?





ABBOTT: No, that's 14.7%.





COSTELLO: You just said 7.8%.





ABBOTT: 7.8% Unemployed.





COSTELLO: Right 7.8% out of work.





ABBOTT: No, that's 14.7%.





COSTELLO: Okay, so it's 14.7% unemployed.





ABBOTT: No, that's 7.8%.





COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?





ABBOTT: 7.8% are unemployed.
14.7% are out of work.





COSTELLO: If you are out of work
you are unemployed.





ABBOTT: No, Congress 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
they get it to 7.8%. Otherwise it would be 14.7%.
Our govt. doesn't want you to read about 14.7% unemployment.

COSTELLO: That would be tough on those
running for 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 people stop looking for work.





ABBOTT: Now you're thinking like an Economist.





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





ABBOTT: Now you're thinking like Congress.
 

      VERY TRUE !!!!--------

That is great! Sad, but great.