![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ObamaWarProsperityEngineersWife.jpg\"\/)
<\/p>\nRUSH: There is some interesting data out from Zero Hedge, but I can\u2019t see it anymore. Zero Hedge, it\u2019s a website, has pointed out some confirmation about something that I\u2019ve been talking about for a long time; and they have been saying it, too, as well. And that is: If you factor in the smaller workforce, the real unemployment rate would be a good bit higher than it is. There\u2019s a companion story to this, and that is in the Wall Street Journal today: “Consumer Confidence Unexpectedly Declines.” You know, Obama\u2019s trying to set this scenario up where the economy\u2019s roaring back, everything\u2019s doing fine.<\/p>\n
Some woman shows up… Grab sound bites one and two. This is amazing what happened yesterday. This was on the Google Plus website last night at the White House, and during the Q&A a citizen named Jennifer Weddel (or Wed-del, I don\u2019t know how she pronounces it) asked a question. She\u2019s in Fort Worth. She said, “My husband has an engineering degree with over ten years experience. He was laid off three years ago. He has yet to find a permanent job in his field. My question to you is: ‘Why does the government continue to issue and extend H-1B visas when there are tons of Americans just like my husband with no jobs?'”<\/p>\n
<\/p>\n
OBAMA: I can tell you that there\u2019s a huge demand around the country for engineers. Where you\u2019re seeing a lot of specialized demand is, uh, in engineering that\u2019s related to the high-tech industries. And, now, what industry tells me is that they don\u2019t have enough highly skilled engineers. If your husband\u2019s in that field, uhh, then we should get his resume and I\u2019ll forward it to some of these companies —<\/p>\n
WEDDEL: (laughing)<\/p>\n
OBAMA: — that are telling me they can\u2019t find, uh, enough engineers in this field. So i-it\u2019s gonna vary, but, as a basic matter, there\u2019s a huge demand for engineers around the country right now.<\/p>\n
RUSH: Okay, so here\u2019s a woman whose husband is unemployed. She shows up to this stupid Google Plus thing with Obama, says her husband has been unemployed for three years, worked as an engineer. Obama says it\u2019s not possible. What do you mean? In this economy, we need engineers left and right — and the woman says, “Well, he\u2019s a semiconductor engineer.”<\/p>\n
OBAMA: See, it is interesting to me — and I meant what I said.<\/p>\n
WEDDEL: Mmm-hmm.<\/p>\n
OBAMA: If — if you send me your husband\u2019s resume, I\u2019d be interested in finding out exactly what\u2019s happening right there because the word we\u2019re getting is — is that somebody in that kind of high-tech field, that kind of engineer, should be able to find somethin\u2019 right away.<\/p>\n
RUSH: That is incredible! So (summarizing), “Send me the resume! I\u2019m gonna find out what\u2019s going on. Our economy is coming back; there\u2019s no reason your stupid, idiotic husband can\u2019t find a job. Send me his resume. Let me find out what the hell\u2019s wrong with this idiot.” This is amazing.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: So here\u2019s Obama out there. You know, it wasn\u2019t long ago people sent tea bags to the White House. Maybe everybody ought to send their resume to the White House. Obama asked for the woman\u2019s husband\u2019s resume. (impression) “Well, I don\u2019t understand. Our economy is coming back. Uh, high-tech engineer jobs? Uh, I knew Steve Jobs! Uh, I know Zuckerberg! Those jobs are, uh, everywhere out there. I don\u2019t get it. Uh, uh, let me see that resume! I\u2019m gonna find out why your stupid husband can\u2019t find a job with the economy roaring back!”<\/p>\n
![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ObamaFDRBanner.jpg\"\/)
Now, what all that means is, if you take out the people who have quit working because there aren\u2019t any jobs — if we just reduced the universe of available jobs because they don\u2019t exist anymore — and then add the unemployment number and compare it to that, you actually end up with an unemployment number 9.35% right now instead of 8.1%. It was 8.7 when these numbers were run. If you add the 1\u00c2\u00bc percentage point to the 8.7% unemployment back when it was eight, you get 10.1%. Now, the U6 number is still in the 16 to 17s. That counts people who\u2019ve gone beyond their 99 weeks of unemployment and nobody knows what they\u2019re doing.<\/p>\n
The economy is not shaping up. Obama started this whole charade in the State of the Union show. They\u2019re gonna focus every bit of energy they have on the Buffett Rule, the new Alternative Minimum Tax, class envy — trying to get 99% of the people revved up and in full rage and hatred against the 1% — and that\u2019s how they\u2019re gonna try to win the election. Because they cannot talk about their record. They cannot say, “Vote for Obama because we need four more years of this.” They can\u2019t do that. So they\u2019ve gotta go back to something that traditionally, in presidential elections, hasn\u2019t worked: The class envy thing. Ask Walter F. Mondull about 1984. Mondull tried it and lost 49 states. It just doesn\u2019t work. (interruption) No, don\u2019t cite Clinton in \u201992. Clinton \u201992 didn\u2019t do class warfare.<\/p>\n
Clinton did “worst economy in the last 50 years.” Clinton, he was not at that time focused on the rich being the sole reason for a down economy. He was blaming it on Bush. You know, Bush had raised taxes in violation of his pledge, like everybody wanted him to do. They weren\u2019t able to run around and say that Bush had done tax cuts for the rich and that stuff, so they had to focus on Bush not caring. To the extent that there was class envy, Bush was a patrician blue-blooder, didn\u2019t care that much, wasn\u2019t engaged, worst economy. And that was a lie. The Democrats can\u2019t get anywhere without lying about it. <\/p>\n
We just literally cannot survive as we exist today and as we were founded with four more years of Obama. And I\u2019ll tell you something else. Four years of effectively being a lame duck, meaning he can\u2019t run again so he doesn\u2019t have to worry about the negatives. The only stop for Obama is if we hold the House and increase the numbers in the Senate. But you give this guy four years with no accountability and not really having to worry about what his negative numbers are because he can\u2019t run again, theoretically can\u2019t run again, the second term is where his base would be having an orgasm every minute of every day for four years. Might as well get Saul Alinsky out of the grave, put him in the White House, and have him run things. That\u2019s what it would end up being. <\/p>\n
Now, Kathleen Madigan in the Wall Street Journal: “Consumer Confidence Unexpectedly Declines.” Unexpectedly. Yes, because Obama said last week that we\u2019re in this big recovery now, everything\u2019s back to normal, everything\u2019s cool, we\u2019re roaring ahead. “U.S. consumer confidence in January gave back some of the huge gains posted in the previous two months, according to a report released Tuesday. Views on labor markets darkened. The Conference Board, a private research group, said its index of consumer confidence retreated to 61.1 this month from a revised 64.8 in December. … Consumer expectations for economic activity over the next six months slipped only slightly.”<\/p>\n
Now, normally a healthy Conference Board number is close to 100. So even this 61.1, the revised down 64.8 doesn\u2019t mean much. They\u2019re just excited, they were excited about the trend last month. Consumer confidence moving back up. Still way below what\u2019s normal. But now, as they say, it even gave back the gain. And they don\u2019t know why. They are just stunned here. “The more-cautious results are in line with expectations among economists that nonfarm payrolls did not grow as robustly this month as they did in December.” So don\u2019t let anybody tell you that there\u2019s this vestige or genuine economic recovery roaring back. It just isn\u2019t happening.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: There is some interesting data out from Zero Hedge, but I can\u2019t see it anymore. Zero Hedge, it\u2019s a website, has pointed out some confirmation about something that I\u2019ve been talking about for a long time; and they have been saying it, too, as well. And that is: If you factor in the smaller […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-16695","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n