Are you confused as to how the Obama regime's official unemployment rate can be down when record numbers of people are out of work? Let Abbott and Costello explain:

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, 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 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 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 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?
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 9%. Otherwise it would be 16%. You don't want to read about 16% unemployment do ya?

COSTELLO: That would be frightening.
ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means they're 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.
OSTELLO: 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 **** I just said!

Hey, to the Food Stamp President, welfare is just like having a job. Good thing Abbott did not also mention the record surge in part-time workers that are counted as employed or Costello would have been really confused.

Labels: Barack Obama, Unemployment

posted by Cracker Barrel Philosopher at 12:31 PM -

Barry "Boy Blunder" Obama asked Congress today to raise the USA's debt limit because he has maxed out his credit card again and has so much more spending to do. Maybe Michelle needs another vacation or fancy Halloween party complete with butterfly dancers in globes. For some more black humor, watch the folks at http://debtlimitusa.org/ show what it would be like if the rest of us could spend like the Obama regime:

Labels: Barack Obama, Deficit Spending, Democrat party

posted by Cracker Barrel Philosopher at 4:52 PM -

In recent months the Bureau of Labor Statistics has been running a hustle by not counting increasing numbers of workers which results in the widely publicized unemployment rate U3 dropping. It provides fodder for the well-coiffed lapdogs in the Lamestream Media to sing the praises of emperor Obama, but the sad truth is something else - Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate

One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people "drop out" of the labor force for one reason or another.

[See the charts and details at the link]

It won't surprise anyone that as of December, the real implied unemployment rate was 11.4% (final chart) - basically where it has been ever since 2009 - and at 2.9% delta to reported, represents the widest divergence to reported data since the early 1980s. And because we know this will be the next question, extending this lunacy, America will officially have no unemployed, when the Labor Force Participation rate hits 58.5%, which should be just before the presidential election.

The Obama plan is to put more unemployed workers on welfare so they don't count as unemployed anymore. Makes sense to him at least.

Labels: Barack Obama, Unemployment

posted by Cracker Barrel Philosopher at 2:21 PM -

Obama to ask for debt limit hike

The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

So is he going to phone it in from his luxurious Hawaiian retreat?

Which reminds me - do you think Barry really asked Michelle to rein in her spending on taxpayer funded vacations and shopping trips? What a laugh and as usual with Obama, the laugh is on us.

Labels: Barack Obama, Government Spending

posted by Cracker Barrel Philosopher at 12:56 PM -

Japan Will Raise More Cash From Debt Issuance Than Taxes For Fourth Year In A Row

Labels: Government Spending

posted by Cracker Barrel Philosopher at 11:47 AM -

Best wishes for a Merry Christmas from the folks at the Country Store.

Labels: Christmas

posted by Cracker Barrel Philosopher at 12:22 PM -

North Korean state media say that long time wingnut dictator Kim Jong Il has finally kicked the bucket:

North Korean leader Kim Jong-il died Saturday on a train trip, a tearful state television announcer, dressed in black, reported Monday. The announcer said that the 69-year old had died of physical and mental over-work on his way to give "field guidance."

I guess being a crazed dictator was a ronery job but someone had to do it:

Labels: Kim Jung Il

posted by Cracker Barrel Philosopher at 10:53 PM -

You can find the original in the National Archives, but the following is bit easier to read:

WHEREAS, It is the duty of all nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His benefits, and humbly to implore His protection and favor;

WHEREAS, Both the houses of Congress have, by their joint committee, requested me "to recommend to the people of the United States a day of public thanksgiving and prayer, to be observed by acknowledging with grateful hearts the many and signal favors of Almighty God, especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness:"

Now, therefore, I do recommend and assign Thursday, the 26th day of November next, to be devoted by the people of these States to the service of that great and glorious Being who is the beneficent author of all the good that was, that is, or that will be; that we may then all unite in rendering unto Him our sincere and humble thanks for His kind care and protection of the people of this country previous to their becoming a nation; for the signal and manifold mercies and the favorable interpositions of His providence in the course and conclusion of the late war; for the great degree of tranquility, union, and plenty which we have since enjoyed; for the peaceable and rational manner in which we have been enable to establish constitutions of government for our safety and happiness, and particularly the national one now lately instituted' for the civil and religious liberty with which we are blessed, and the means we have of acquiring and diffusing useful knowledge; and, in general, for all the great and various favors which He has been pleased to confer upon us.

And also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech Him to pardon our national and other transgressions; to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually; to render our National Government a blessing to all the people by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed; to protect and guide all sovereigns and nations (especially such as have show kindness to us), and to bless them with good governments, peace, and concord; to promote the knowledge and practice of true religion and virtue, and the increase of science among them and us; and, generally to grant unto all mankind such a degree of temporal prosperity as He alone knows to be best.

Given under my hand at the City of New York the third day of October in the year of our Lord 1789.

--George Washington - October 3, 1789

The current occupant of the White House ought to study the last paragraph.

Labels: Thanksgiving

posted by Cracker Barrel Philosopher at 6:21 PM -

Our thanks to the veterans who have sacrificed so much to keep this country free and who remain our bulwark against tyranny, both foreign and domestic.

Labels: US Military, USA, Veterans

posted by Cracker Barrel Philosopher at 10:26 AM -

Joseph Robinette Biden becomes 45th President of the United States

Joseph Robinette Biden was sworn in today at noon as the 45th President of the United States. This succession follows the theft of President Obama's teleprompter. This resulted in Obama's inability to discharge the Powers and Duties of the said Office as outlined in Article II, Section 1 of the U.S. Constitution. When asked about the succession Obama was quoted as saying, "um..er..um..I..bill..pass."

Here's an audio clip of the Obama statement:

Easy for him to say.

Labels: Barack Obama, Humor

posted by Cracker Barrel Philosopher at 12:05 PM -