3rdnlng Posted October 22, 2013 Share Posted October 22, 2013 Abbott and Costello on unemployment Unemployment - OUT OF WORK 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, 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. 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 Obama gets it to 9%. Otherwise it would be 16%. He doesn't want you to read about 16% unemployment. COSTELLO: That would be tough on his 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 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 hell I just said! ABBOTT: Now you're thinking like Obama! Link to comment Share on other sites More sharing options...
B-Man Posted October 22, 2013 Share Posted October 22, 2013 September jobs report shows only 148K net jobs added Wall Street expected to see 180,000 net new jobs added in September’s long-awaited BLS jobs report, a bit over the 166,000 predicted by ADP before the shutdown. Instead, the BLS only showed 148,000 jobs added in yet another stagnation result: Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in construction, wholesale trade, and transportation and warehousing. The participation rates remained unchanged, with the civilian labor force participation rate remaining at its 35-year low: Both the civilian labor force participation rate, at 63.2 percent, and the employment-population ratio at 58.6 percent, were unchanged in September. Over the year, the labor force participation rate has declined by 0.4 percentage point, while the employment-population ratio has changed little. There were some revisions for July and August resulting in a net increase in jobs of 9,000: The change in total nonfarm payroll employment for July was revised from +104,000 to +89,000, and the change for August was revised from +169,000 to +193,000. With these revisions, employment gains in July and August combined were 9,000 more than previously reported. The jobless rate declined to 7.2%, but that’s not coming from an employment explosion. In order to keep up with population growth, the US economy has to add around 150K jobs net each month, which means we did slightly worse than tread water in September. Link to comment Share on other sites More sharing options...
keepthefaith Posted October 22, 2013 Share Posted October 22, 2013 Well done! Link to comment Share on other sites More sharing options...
IDBillzFan Posted October 22, 2013 Share Posted October 22, 2013 September jobs report shows only 148K net jobs added Damn you, TeabaggerCruzCheneyRumsfeld!!! Well, I'm sure we'll see better numbers when October stats are released because employment has really been trending positive. Link to comment Share on other sites More sharing options...
Tiberius Posted October 22, 2013 Share Posted October 22, 2013 Obama needs to hire more people! Link to comment Share on other sites More sharing options...
B-Man Posted October 22, 2013 Share Posted October 22, 2013 More Obama (like) economics...............lol...............the "two tens for a five" bit Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2013 Share Posted October 25, 2013 Oh....Government spending creates jobs! Don't tell that GG GOP members joined with Democrats late Wednesday in a 417-3 vote to green-light a suite of dam, port-dredging, flood protection and environmental restoration projects, withstanding pressure from conservative groups that said the bill does too little to reform the lumbering, big-spending Army Corps of Engineers. This time, many supporters credit House Transportation Chairman Bill Shuster (R-Pa.) and his team for spending months laying the groundwork for passage, aggressively sending the message that the bill would create jobs and be good for business. Shuster’s bill had plenty of bipartisan appeal, and offered enough home-town benefits to attract reluctant Republicans. Read more: http://www.politico.com/story/2013/10/water-projects-flow-despite-tea-party-98821.html#ixzz2ijwL48Qe Link to comment Share on other sites More sharing options...
keepthefaith Posted October 25, 2013 Share Posted October 25, 2013 Oh....Government spending creates jobs! Don't tell that GG Read more: http://www.politico....l#ixzz2ijwL48Qe Government spending can create jobs but leaves the age-old question: How are we going to pay for it? Link to comment Share on other sites More sharing options...
boyst Posted October 25, 2013 Share Posted October 25, 2013 Government spending can create jobs but leaves the age-old question: How are we going to pay for it? Well, if we spend $100mm on two unnecessary bridge projects and closing down two roads... all for the railroad, we create jobs. Here in NC we just use federal money. Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2013 Share Posted October 25, 2013 Government spending can create jobs but leaves the age-old question: How are we going to pay for it? Same way we pay for everything Well, if we spend $100mm on two unnecessary bridge projects and closing down two roads... all for the railroad, we create jobs. Here in NC we just use federal money. You are so clueless Link to comment Share on other sites More sharing options...
Azalin Posted October 25, 2013 Share Posted October 25, 2013 Same way we pay for everything with other people's money. Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2013 Share Posted October 25, 2013 with other people's money. When has it ever been different? And doesn't the government create money??? Link to comment Share on other sites More sharing options...
3rdnlng Posted October 25, 2013 Author Share Posted October 25, 2013 When has it ever been different? And doesn't the government create money??? The only thing you need to do now is to write in all CAPS. Link to comment Share on other sites More sharing options...
/dev/null Posted October 25, 2013 Share Posted October 25, 2013 More Obama (like) economics...............lol...............the "two tens for a five" bit Meanwhile Obama's foreign policy, especially Benghazi, goes something like: Link to comment Share on other sites More sharing options...
boyst Posted October 25, 2013 Share Posted October 25, 2013 You are so clueless No, you do not understand. This is part of the South East Corridor See, right now they cannot say it's about this, but it is. See, right now they are just saying it is because railway traffic is increasing and they are going expanding current tracks all over North Carolina. Entire towns are built around the the railroads here - from back in the day when times were different. Several towns, literally are built around them with the tracks running right down or between Main Streets. 4 tracks in some cases. All of the at grade crossings in the state along this corridor are going to be removed to eliminate people from driving their cars in to trains. It's evidently a big deal. So, they're building tunnels, bridges, and even teleportation devices to get citizens from one side to the other side of the track without having a train interfere. It really is revolutionary. They are brilliant, seizing land to build extra bridges and crossings. In one case they are building a new bridge 36' higher then a bridge 70 yards away that will be kept to provide access to one guy's hunting cabin. He'll have his own bridge, but this schmuck has to give up some land and likely access to part of it to let this bridge happen. The joke is on the state, though, because he is going to get a pretty sizable sum from the State. The best part is the state is not even paying for all of this. Which is smart, because 1 in 35 residents in North Carolina have access to any form of public transportation. 1 in 47 has used public transportation. And 1 in even less have used rail for public transportation. This is all being funded federally. This entire project will help us residents get from Raleigh to Charlotte in 2 hours and 45 minutes and not have a car when we get there (point of note, it takes just under 3 hours to drive I-85 to make that commute). It will really help us save the environment, too. We are going to have lots of jobs in North Carolina and our unemployment rates are going to plummet. It is at its lowest point since January 2009! 8.7% unemployed! Here, you'll like this: http://www.huffingtonpost.com/george-wentworth/north-carolina-unemployment-insurance-cuts_b_3573678.html But, you'll foam at the mouth over this: http://www.nytimes.com/2013/07/10/opinion/the-decline-of-north-carolina.html?partner=rssnyt&emc=rss&_r=1& See, we're really not at 8.7%. McCrory gave up on the whole unemployment fiasco that existed here and the Gen Assembly really rocked the state. No longer could you get laid off one week every month and get benefits from the state - that's what production/textile/factory jobs were doing all across the state in order to prevent extra spending. Others would cut hours to 23/week which allowed filing for unemployment. This would keep good workers at the company because they still qualified for unemployment - it kept bad companies afloat, too. So, yeah, when you want to talk about unemployment, look to NC. We unemployment tens of thousands of our own then take billions in federal money to make high speed rail. We're really progressive like that. Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2013 Share Posted October 25, 2013 No, you do not understand. This is part of the South East Corridor See, right now they cannot say it's about this, but it is. See, right now they are just saying it is because railway traffic is increasing and they are going expanding current tracks all over North Carolina. Entire towns are built around the the railroads here - from back in the day when times were different. Several towns, literally are built around them with the tracks running right down or between Main Streets. 4 tracks in some cases. All of the at grade crossings in the state along this corridor are going to be removed to eliminate people from driving their cars in to trains. It's evidently a big deal. So, they're building tunnels, bridges, and even teleportation devices to get citizens from one side to the other side of the track without having a train interfere. It really is revolutionary. They are brilliant, seizing land to build extra bridges and crossings. In one case they are building a new bridge 36' higher then a bridge 70 yards away that will be kept to provide access to one guy's hunting cabin. He'll have his own bridge, but this schmuck has to give up some land and likely access to part of it to let this bridge happen. The joke is on the state, though, because he is going to get a pretty sizable sum from the State. The best part is the state is not even paying for all of this. Which is smart, because 1 in 35 residents in North Carolina have access to any form of public transportation. 1 in 47 has used public transportation. And 1 in even less have used rail for public transportation. This is all being funded federally. This entire project will help us residents get from Raleigh to Charlotte in 2 hours and 45 minutes and not have a car when we get there (point of note, it takes just under 3 hours to drive I-85 to make that commute). It will really help us save the environment, too. We are going to have lots of jobs in North Carolina and our unemployment rates are going to plummet. It is at its lowest point since January 2009! 8.7% unemployed! Here, you'll like this: http://www.huffingto..._b_3573678.html But, you'll foam at the mouth over this: http://www.nytimes.c...t&emc=rss&_r=1 See, we're really not at 8.7%. McCrory gave up on the whole unemployment fiasco that existed here and the Gen Assembly really rocked the state. No longer could you get laid off one week every month and get benefits from the state - that's what production/textile/factory jobs were doing all across the state in order to prevent extra spending. Others would cut hours to 23/week which allowed filing for unemployment. This would keep good workers at the company because they still qualified for unemployment - it kept bad companies afloat, too. So, yeah, when you want to talk about unemployment, look to NC. We unemployment tens of thousands of our own then take billions in federal money to make high speed rail. We're really progressive like that. Well, I hope that all works out to move stuff around Link to comment Share on other sites More sharing options...
boyst Posted October 25, 2013 Share Posted October 25, 2013 Well, I hope that all works out to move stuff around move people around? We are not Europe. We are a large spread out country that does serve public transportation the same way. Yet we sink billions in to it. If we want to increase rail in this country let the railroads do it. Don't put it on the government. Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2013 Share Posted October 25, 2013 move people around? We are not Europe. We are a large spread out country that does serve public transportation the same way. Yet we sink billions in to it. If we want to increase rail in this country let the railroads do it. Don't put it on the government. Wow, don't know much about history? Link to comment Share on other sites More sharing options...
boyst Posted October 25, 2013 Share Posted October 25, 2013 Wow, don't know much about history? Yeah, I do. I know lots. The train has not been relevant in to people moving in decades. Link to comment Share on other sites More sharing options...
Tiberius Posted October 25, 2013 Share Posted October 25, 2013 Yeah, I do. I know lots. The train has not been relevant in to people moving in decades. No, no you don't. If you did you would know the government was deeply involved in creating the railway system (Pacific Railway Act). It wasn't just the magic of the free market that brought it down from heaven. Do we need more rail transportation to handle commerce? Seems like they are moving a lot of goods lately, so who's to say? Link to comment Share on other sites More sharing options...
Recommended Posts