Jobless report continues to improve - GOP heads explode

[Antitrust32]

From Coach's link and oh so true. Funny and sad.

http://www.usnews.com/opinion/articl...mployment-rate


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

ABBOTT: Good Subject. Terrible Times. It's about 8 percent.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 16 percent.

COSTELLO: You just said 8 percent.

ABBOTT: 8 percent unemployed.

[Check out the U.S. News Economic Intelligence blog.]

COSTELLO: Right 8 percent out of work.

ABBOTT: No, that's 16 percent.

COSTELLO: Okay, so it's 16 percent unemployed.

ABBOTT: No, that's around 8 percent...

COSTELLO: Waits a minute. Is it 8 percent or 16 percent?

ABBOTT: 8 percent are unemployed. 16 percent are out of work.

COSTELLO: If you are out of work aren't you unemployed?

ABBOTT: No, you can't count the "Out of Work" as unemployed. You have to look for work to be unemployed.

[See a slide show of Mort Zuckerman's 5 Ways to Create More Jobs.]

COSTELLO: But they are out of work!!!

ABBOTT: No, you miss my 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 who?

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 stopped looking. They gave up. 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?

[See the 10 best cities to find a job.]

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 you get to 8 percent. Otherwise it would be 16 percent. You don't want to read about 16 percent unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means ther're two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

[See the 10 worst cities to find 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 just stop looking for work.

ABBOTT: Now you're thinking like an economist.

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

[Danzig]

yeah, when i saw the one title abbott and costello i had to check it out.

funny, but so sad because it's exactly what they use to show how things are just peachy.

'look, it's getting better'. but it's not.

on top of bad numbers, bad economy, bad debt/deficits, you have an admin who feels perfectly justified in killing citizens with drones.

[Rudeboyelvis]

[geeker2]

^^^^^ Ror!!!

[Danzig]

love it!

[jms62]

Then isn't the GOP simply dropping the ball? Shouldn't they be pounding the table and questioning the validity of the numbers? Put Barack on the Defensive to justify the numbers.

[Antitrust32]

Originally Posted by jms62

Then isn't the GOP simply dropping the ball? Shouldn't they be pounding the table and questioning the validity of the numbers? Put Barack on the Defensive to justify the numbers.

no because when a Repub is in office the same thing occurs!! So why call it out when you will do the same thing?

moral of the story: Both Parties suck donkey balls. Both parties lie.

[cabvmd]

Coach Pants,

Thanks for the links to the "real" data.

Riot, you have to wake up and smell the stink coming from Washington DC. And The GOP are just a responible as the Liberal Dems. If you think the GOP are having their heads explode over the data released by the dailykos.com you are mistaken. They are just part and parcel of the same rotten to the core system ruining this country just for themselves and their friends in the inner circle benifit.

People like me that work with data every day can spot manipulated numbers a mile away.

The government owns the regular media ie "popular media" with show like American Idol, Dancing etc that most Americans watch and get fooled in to thinking what ever they hear for these plastic talking heads must be true or it would not be on TV.

Coach Pants and people like him and dellinger63, danzig, Rudeboyelvis, jms62 and myself know where to find the "real data" and believe me my head is exploding to see how trerrible things really are and these clowns telling lies every single minute of every single day just to get re-elected and keep doing what they have been doing for the 40 years.

BHO is making the mess Bush and that devil Cheney made while they were in charge even worse. They are all to blame.


This county's political system is Broken PERIOD. Due to this the contry is BROKE. Until we can get a viable third party candidate that owes nothing to the real power brokers of the world (Trilateral and Bilderberg Groups) we will continue down this path, unfortunately there is no clone of Abraham Lincoln the first true third party candiate, who just happened to win the Presidency and oh yeah, saved the country.

Still love racing and always will.

[Riot]

Originally Posted by jms62

Then isn't the GOP simply dropping the ball? Shouldn't they be pounding the table and questioning the validity of the numbers? Put Barack on the Defensive to justify the numbers.

The unemployment numbers have been calculated this way - independent of who is President - for some years now. Everybody knows who they include, and who they do not.

The screaming that "the numbers are not real" is absurd - because everybody who pays attention to them knows what they include and do not. They know the caveats. And the numbers over the years have always reflected the same thing as far as inclusion/exclusion, and the exclusions and caveats are already known to everyone who is reading the numbers, and is estimatable separately.

So dismissing the numbers as completely invalid is pretty absurdly ridiculous.

[joeydb]

Originally Posted by Antitrust32

From Coach's link and oh so true. Funny and sad.

http://www.usnews.com/opinion/articl...mployment-rate


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

ABBOTT: Good Subject. Terrible Times. It's about 8 percent.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 16 percent.

COSTELLO: You just said 8 percent.

ABBOTT: 8 percent unemployed.

[Check out the U.S. News Economic Intelligence blog.]

COSTELLO: Right 8 percent out of work.

ABBOTT: No, that's 16 percent.

COSTELLO: Okay, so it's 16 percent unemployed.

ABBOTT: No, that's around 8 percent...

COSTELLO: Waits a minute. Is it 8 percent or 16 percent?

ABBOTT: 8 percent are unemployed. 16 percent are out of work.

COSTELLO: If you are out of work aren't you unemployed?

ABBOTT: No, you can't count the "Out of Work" as unemployed. You have to look for work to be unemployed.

[See a slide show of Mort Zuckerman's 5 Ways to Create More Jobs.]

COSTELLO: But they are out of work!!!

ABBOTT: No, you miss my 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 who?

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 stopped looking. They gave up. 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?

[See the 10 best cities to find a job.]

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 you get to 8 percent. Otherwise it would be 16 percent. You don't want to read about 16 percent unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means ther're two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

[See the 10 worst cities to find 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 just stop looking for work.

ABBOTT: Now you're thinking like an economist.

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

Winner

[Danzig]

http://www.slate.com/blogs/moneybox/...atest_redirect

The Nonfarm Payrolls Report of Doom
By Matthew Yglesias
| Posted Friday, June 1, 2012, at 9:01 AM ET



The latest jobs report is a total disaster. We got 69,000 new jobs in May which is well below already tepid expectations and is below the labor force trend growth rate. Terrible.

But it gets worse!

“The change in total nonfarm payroll employment for March was revised from +154,000 to +143,000, and the change for April was revised from +115,000 to +77,000.” In other words, we gained 69,000 new jobs in May (estimated) but lost 49,000 in revisions. That leaves us with a net increase in employment of just 20,000. Disaster disaster disaster.

[Rudeboyelvis]

Cue the Libtard whinings about how "we inherited this mess"

Obama is even getting into the game, crying about how bad it was when Bush was in the White House the other day, I would love to see his 2008 campaign rhetoric sync'd to this defeatist, blathering cop out.

The sad reality is Trillions of dollars piszed away on cronyism and banking bail outs instead of what he promised.... Another failure to add to the continuing list of complete, abject failures.

[Danzig]

Originally Posted by Rudeboyelvis

Cue the Libtard whinings about how "we inherited this mess"

Obama is even getting into the game, crying about how bad it was when Bush was in the White House the other day ...lol

the sad reality is Trillions of dollars piszed away on cronyism and banking bail outs instead of what he promised.... Another failure to add to the continuing list of complete, abject failures.

yeah, almost four years later...that excuse is getting kind of stale.

[dellinger63]

Obama is like a plumber who comes every week to fix the same leaky faucet. Never able to get the job done but always full of excuses. Maybe all that aid going overseas will produce some jobs soon.

[joeydb]

Originally Posted by dellinger63

Obama is like a plumber who comes every week to fix the same leaky faucet. Never able to get the job done but always full of excuses. Maybe all that aid going overseas will produce some jobs soon.

Yeah, but at least after a couple of times, we'd get smart and stop paying the bad plumber. And then he's out of our lives.

[joeydb]

Originally Posted by Rudeboyelvis

Cue the Libtard whinings about how "we inherited this mess"

Obama is even getting into the game, crying about how bad it was when Bush was in the White House the other day, I would love to see his 2008 campaign rhetoric sync'd to this defeatist, blathering cop out.

The sad reality is Trillions of dollars piszed away on cronyism and banking bail outs instead of what he promised.... Another failure to add to the continuing list of complete, abject failures.

It's similar to "It's all Herbert Hoover's fault" all over again. FDR got 9 years out of that one and by then our involvement in World War II started in 1941.

Don't underestimate the tactic.

[geeker2]

White House on Jobs Report: Problems 'Will Not Be Solved Overnight'

But a good start will be on Nov 6th.......

[Danzig]

Originally Posted by geeker2

White House on Jobs Report: Problems 'Will Not Be Solved Overnight'

But a good start will be on Nov 6th.......

same song and lyrics...not sure the number of verse by now.