{"id":16951,"date":"2012-01-05T17:32:41","date_gmt":"2012-01-05T17:32:41","guid":{"rendered":""},"modified":"2012-01-05T17:32:41","modified_gmt":"2012-01-05T17:32:41","slug":"see_i_told_you_so_jobless_number_spin","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2012\/01\/05\/see_i_told_you_so_jobless_number_spin\/","title":{"rendered":"See, I Told You So: Jobless Number Spin"},"content":{"rendered":"

RUSH: I want to go back to me on this program December 20th <\/a>on this program, remember this.<\/p>\n

RUSH ARCHIVE: I have warned you this kind of thing is going to happen, the unemployment number is going to precipitously drop and it\u2019s going to get close to 8% by next November. Just mark my words: That\u2019s in the can; it\u2019s in the cards. I\u2019m just telling you that the unemployment number is gonna get down to close to 8%, however they have to do it. If they have to reduce the overall universe of jobs — which they have been doing. For example, if the same number of people were looking for work today as were looking for work when Obama was immaculated, the unemployment rate would be 11%; and now what is it, 8.9%? And that\u2019s because they have simply wiped out two million plus jobs — and they have wiped out accordingly two million-plus people who are no longer looking. The job market has just shrunk. Therefore, the number of people out of work as a percentage of available jobs, obviously that number is gonna come down. So that\u2019s gonna happen.<\/p>\n

<\/p>\n

RUSH: That was all part of a warning I gave you to get ready getting into this year now, 2012, and the economic news is all going to be reported as great and good; that Obama\u2019s policies are finally taking root now. “The economy was so much worse than anybody knew! Bush, Cheney had lied to the Obama transition team.” This is the story. “They had not been honest and forthcoming with just how rotten the economy was, so Obama didn\u2019t deal appropriately. His policies were not powerful enough, but now they\u2019ve been in place long enough and they\u2019re finally starting to take hold.” This is going to lead into the argument that we shouldn\u2019t change horses in the middle of the stream, and so right off the bat — as predictable as the sun coming up — here is this from the AP.<\/p>\n

Christopher Rugaber: “The number of people seeking unemployment benefits fell further last week, ending the year on a three-month run of declines that point to stronger hiring in 2012.” Weekly applications dropped by 15,000…” CNBC has a story about this over-the-top how wonderful this is. We are back, folks! We\u2019re back! Now, the question we all need to ask ourselves is this: What did Obama do to create these jobs? What Obama policy? We know what Reagan did. We know what the Reagan policies of the eighties did. What has Obama done? What Obama policies have been put into place recently to create all these jobs?<\/p>\n

The answer is “nothing,” and the answer is that we are still in horrible shape in the job market because we have reduced the universe of available jobs, and in typical AP fashion they neglect to mention that last week\u2019s new unemployment claims number was actually up by a whopping 21,000. Last week, holiday week, nobody pays much attention. Do you know that application for unemployment went up by 21,000? It\u2019s not a three-week run, it\u2019s not a three-month run. That terrible news got practically no attention last week since it was reported over the Christmas holidays. So it\u2019s all smoke and mirrors, exactly as predicted. Dishonesty on parade from the State-Controlled Media.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: This is Investorplace.com, but it\u2019s news from ADP, you know, Automatic Data Processing, payroll people. And they\u2019re out there with a totally different story than the unemployment news today from AP and elsewhere. And so is, by the way, Gallup. Gallup is still saying the real unemployment number is up around 17, 18% by the time you factor in people who have given up looking. There isn\u2019t any improvement. You ask what has Obama done to improve the economy. The only thing I can think of is extending the Bush tax cuts over a year ago. It\u2019s about the only thing Obama has done that might be indicative of any job creation. <\/p>\n

None of his policies have created jobs. His policies have destroyed jobs. Yeah, nobody in the media ever credits the Bush tax cuts for lowering unemployment. If it\u2019s been lowered. But, look, “Wall Street seemed upbeat today thanks to positive jobs numbers in a private-sector payroll report from ADP. Specifically, jobs increased 325,000 in December, led by the service sector and small businesses. Additionally, November\u00c2\u2019s employment numbers were revised slightly higher. But lest you think everything is coming up roses, keep in mind that many big corporations in America still are reluctant to hire. In fact, they are continuing to cut back, based on recent headlines.” There\u2019s PepsiCo, Boeing, the list goes on and on. Lockheed Martin, Kodak filing Chapter 11. The idea here that jobs are being created is absurd. As you drive around your town you see boarded up, closed up elements, storefronts, whatever. <\/line><\/p>\n

But I wanted to remind you, this is an election year and there is no news. The fact that the media does news is a misnomer. The media is an arm of the Democrat Party of the Obama administration. They have an agenda and the whole point here is to spread propaganda now. I was talking to a friend about this last night. They said, “Rush, it isn\u2019t gonna work.” I said, “Don\u2019t tell me it isn\u2019t gonna work.” Can I take you back to 2006, 2007 when unemployment was 5% and they had people convinced that we were in a recession. You heard people call this program, I asked them, “How you doing?” “Oh, I\u2019m doing great but my neighbor is not doing well.” “How do you know?” “Well, I hear it on the news.” We had people in 2005, 2006 feeling guilty about how they were doing economically because they heard on the news that there was a recession, people were losing their jobs. They didn\u2019t see it, they heard about it. <\/p>\n

So unemployment, 5%. The media tells us we\u2019re heading toward a recession. This was bombarded with part of the Iraq war news, with all the casualties and the deaths and the criminal aspects of the war. It was a constant, never-ending drumbeat against the Bush administration, against the country. And so, yeah, if the regime comes along and if all the news media reports all these jobs being created, whether you see it or not, you\u2019re gonna believe it just like you believed your neighbor was hurting when you didn\u2019t know it. So they can have an effect. Now, it\u2019s gonna be tougher because people are living this downturn, they\u2019re living their unemployment. But even the unemployed, if they hear a never-ending drumbeat that jobs are being created and people are being hired, they\u2019re gonna say, “Well, my turn\u2019s right around the corner.” I\u2019m just warning you, be prepared for it. It\u2019s gonna come, and I don\u2019t want to get any calls in June, “Rush, what are we gonna do about all this crap in the media?” ‘Cause I\u2019m gonna say to you, “I warned you six months ago.” <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: I want to go back to me on this program December 20th on this program, remember this. RUSH ARCHIVE: I have warned you this kind of thing is going to happen, the unemployment number is going to precipitously drop and it\u2019s going to get close to 8% by next November. 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