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

ABBOTT: Good Subject. Terrible Times. It's 5.6%.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 23%

COSTELLO: You just said 5.6%.

ABBOTT: 5.6% Unemployed.

COSTELLO: Right 5.6% out of work.

ABBOTT: No, that's 23%.

COSTELLO: Okay, so it's 23% unemployed.

ABBOTT: No, that's 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, Biden 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 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 you're thinking like a Democrat

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

ABBOTT: Now you're thinking like Biden

Are you aware that Newt Gingrich reads the forum, and further, that he quotes from it on his Twitter feed?

https://twitter.com/newtgingri...E1TDGv6jhN06-sS8xLQw

^^^^^^^^^
Most likely his staff who handles social media.

^^^^ Undoubtedly. But still...pretty cool.

Did not mean to diminish. He had to approve the tweet.

Nixon was the first in my memory to change the statistics to reduce the unemployment numbers.

Increased percent of frictional unemployment and took a couple million off the roles as a percentage of poor people being permanently unemployed.


This was a long time ago so my memory of the numbers may be off some.

Some things never change.

Thanks for the info. I don't tweet, so I never would have known that!

quote:

Originally posted by sig2392:
Nixon was the first in my memory to change the statistics to reduce the unemployment numbers.

Increased percent of frictional unemployment and took a couple million off the roles as a percentage of poor people being permanently unemployed.


This was a long time ago so my memory of the numbers may be off some.

Some things never change.

What a son of a bitch. We also have the EPA and their bullshit because of Tricky Dick Nixon.

quote:

Originally posted by Edmond:

quote:

Originally posted by sig2392:
Nixon was the first in my memory to change the statistics to reduce the unemployment numbers.

Increased percent of frictional unemployment and took a couple million off the roles as a percentage of poor people being permanently unemployed.


This was a long time ago so my memory of the numbers may be off some.

Some things never change.

What a son of a bitch. We also have the EPA and their bullshit because of Tricky Dick Nixon.

Well, to be faaaair, the EPA was instituted at a time when the Cuyahoga River kept catching fire, among other disasters. They did good work cleaning up the environment, and their mandate should have included a sunset clause for when they would no longer be needed. The air and water are largely clean now. Today they spend huge sums of money trying to justify their existence.

quote:

Originally posted by Johnny 3eagles:
Thanks for the info. I don't tweet, so I never would have known that!

OP: Sorry. I appear to caused your post to morph into a bitch fest about old presidents and their historical shenanigans, rather than the interesting thread about the reach of posts on the forum that it was supposed to be.

Mea Culpa

.

Just like every other thread!

What is your favorite candy?
A1. I like Snickers.
A2. I like Jelly Beans.
A3. Reagan liked Jelly Beans and he sucked.
A4. You suck.

quote:

Originally posted by Pyker:

quote:

Originally posted by Johnny 3eagles:
Thanks for the info. I don't tweet, so I never would have known that!

OP: Sorry. I appear to caused your post to morph into a bitch fest about old presidents and their historical shenanigans, rather than the interesting thread about the reach of posts on the forum that it was supposed to be.

Mea Culpa

.

When I read your post yesterday I thought you added an interesting observation to this discussion and, IMO, did nothing wrong. I, for one, am glad you posted it and appreciate you doing so.