Posted in the Marion County Forum
#1 Sep 3, 2012
#2 Oct 30, 2012
Today's unemployment report explained --
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, Obama 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 they are ALL 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. You are simply cared for by taxpayers.
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 Obama gets it to 7.8%. Otherwise it would be 14.7%. He doesn't want you to read about 14.7% unemployment.
COSTELLO: That would be tough on his reelection.
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?
COSTELLO: And unemployment can also go down if you stop looking for a job?
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to have Obama's supporters stop looking for work.
ABBOTT: Now you're thinking like the Obama Economy Czar.
COSTELLO: I don't even know what the heck I just said!
ABBOTT:Now you're thinking like Obama.
Jobs lost from the time Obama took office to "trough" (bottom of recession):.....4,317,000
Jobs gained since "trough":....3,745,0 00 (O likes to brag about this number only, but when you lost more than you've gained.....you decide)
Net LOSS in seasonally-adjusted jobs since Obama took office:.... 572,000
#3 Nov 1, 2012
Barack Obama recently said he might appoint a Secretary of Business.
His solution to everything is to add another bureaucrat.
Mitt Romney understands business and knows what it will take to create jobs and get our economy moving again.
He’s done it before.
He’ll do it again.
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