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January 30, 2012
Channeling Abbott & Costello To Explain The 'Real' Number Of Unemployed
Topics: Political News and commentaries'Rumor' has it (after all, truth be known, it's not actually what BLS says it is) that the current U.S. jobless rate is 8.5%, but what is it really?
Back in November 2011, Academy Award-winning director, screenwriter and producer, Barry Levinson, responsible for such films as Rain Man, Bugsy and Diner, channels the Abbott and Costello classic, Who's on First, did a discourse on the difference between unemployment and people looking for work ... channeling Abbott & Costello:
COSTELLO: I want to talk about the unemployment rate in America.Read the whole thing here, and you'll realize just how really bad things have gotten ... given that Abbott & Costello does a better job of explaining the real unemployment numbers than the Obama administration does. It's much like Abbott & Costello's comedy routine about fictitious ball players called "">Who's On First?" Unfortunately, the absurdist number of the real unemployed is not a joke.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.
As for which Abbott & Costello routine best describes Obanomics ... it's Abbott's and Costello's Two Tens for a Five (with Abbott being the U.S. taxpayer and Costello being the ever-growing centralized big government):
Posted by Hyscience at January 30, 2012 11:08 AM
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