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COSTELLO: What’s the unemployment rate?

ABBOTT: 5.6%.

COSTELLO: That many people are out of work?

ABBOTT: No, 23% of Americans are out of work.

COSTELLO: You said 5.6%.

ABBOTT: 5.6% Unemployed.

COSTELLO: Right. 5.6% of Americans are out of work?

ABBOTT: No, that’s 23%.

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

ABBOTT: No, that’s 5.6%.

COSTELLO: WAIT. WHAT? Is it 5.6% or 23%?

ABBOTT: 5.6% are unemployed and 23% are out of work.

COSTELLO: If a person is out of work they are unemployed.

ABBOTT: Not true. Barack Hussein Obama doesn’t include people who are out of work with those who are unemployed.

COSTELLO: BUT NO ONE IS MORE OUT OF WORK THAN PEOPLE WHO ARE OUT OF WORK!

ABBOTT: No, you miss his point.You have to look for work to be unemployed. Someone who has given-up looking for work and no longer collects unemployment benefits can’t be counted with those who look for work. That would be unfair.

COSTELLO: Unfair to whom?

ABBOTT: To the unemployed.

COSTELLO: But everyone we’re talking about is unemployed, there’s only one group.

ABBOTT: No! The unemployed are actively looking for work and are collecting regular benefit checks. Those who gave up looking for work and have exhausted their benefits are no longer considered to be unemployed.

COSTELLO: So when people run-out of benefits and are dropped from the unemployment roles, unemployment numbers go down?

ABBOTT: That’s right, Obama’s strategy has brought that number down to 5.6%.

COSTELLO: A person is no longer unemployed once they give-up searching for work?

ABBOTT: BINGO! Now you see why unemployment is 5.6%, and not 23%.

COSTELLO: So there are two ways to bring down the unemployment number?

ABBOTT: Right.

COSTELLO: Way #1, unemployment goes down when someone gets a job?

ABBOTT: Very good.

COSTELLO: And, way #2, unemployment goes down when someone exhausts their benefits and gives-up the job search?

ABBOTT: Right on! Now you’re thinking like a Democrat.

COSTELLO: What? I don’t even know what all we just said!

ABBOTT: Wow, that’s different. . . now you’re thinking like Hillary.

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