{"id":19167,"date":"2011-06-09T01:01:01","date_gmt":"2011-07-20T00:18:15","guid":{"rendered":""},"modified":"2011-07-20T00:18:15","modified_gmt":"2011-07-20T00:18:15","slug":"time_mag_discovers_no_recovery","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/06\/09\/time_mag_discovers_no_recovery\/","title":{"rendered":"TIME Mag Discovers: No Recovery"},"content":{"rendered":"
\n

RUSH: Last week\u2019s new unemployment claims are up again — and it was “unexpected,” of course. But don\u2019t worry, ladies and gentlemen. It\u2019s just another bump in the road, sort of the way the Rocky Mountains are a bump in the road on the way to California. You know, it just keeps worsening — there\u2019s no sign of any improvement — and here we go again Reuters (and I\u2019m convinced these people are still tweaking me): “The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, according to a report on Thursday that could reinforce fears the labor market recovery has stalled. Initial claims for state jobless benefits increased 1,000 to 427,000, the Labor Department said. <\/p>\n

<\/a>“However, economists polled by Reuters had forecast claims dropping to…” Every week they\u2019re wrong and thus every week they are surprised — and very luckily for these people, “discouraged workers are no longer counted in the Department of Labor\u2019s official unemployment numbers,” otherwise that\u2019s the U6 number that would be much, much bigger. TIME Magazine\u2019s Richard Stengel (this is on Morning Joe today), he\u2019s the managing editor. They were talking about the new cover for this week\u2019s TIME Magazine and the cohost Willie Geist said, “Let\u2019s do the big reveal. TIME Magazine, what do we have on the cover here?”<\/p>\n

STENGEL: It is the topic that Americans are most concerned about, the topic Americans are always most concerned about: The economy. The cover line is, “What Recovery? The Five Myths About the Economy,” because, you know what? The “recovery,” such as it is, isn\u2019t really happening.<\/p>\n

RUSH: They just realized it at TIME Magazine, they just realized it. Remember, now, these are the same people back 1994 or 1995 at TIME Magazine that actually did a cover on men and women are actually different. They\u2019re born different! They were stunned. Men and women are actually born different. That was a cover story, meaning that that realization had to be such a shocking bit of news that it warranted a cover story at TIME Magazine — that men and women were born different. So now the wizards of the media ruling class in New York, TIME Magazine, have concluded that the recovery isn\u2019t really happening. But, of course, it\u2019s not Obama\u2019s fault. The cohost said, “Well, one of the most troubling is the first one on your five myths: A temporary blip, full steam ahead. This is more than a temporary blip, you say.”<\/p>\n

STENGEL: There\u2019s a McKinsey study that shows that basically it will take 60 months for us to get out of this. People think, “What does that mean, get out of it? It will be back like it was before?” Well, it won\u2019t be back like it was before. You know, American businesses have $2 trillion that they\u2019re sitting on, but if they\u2019re gonna spend it you know where they\u2019re gonna spend it? They\u2019re gonna spend it abroad. There are 450 million middle-class people around the world who will work for less wages than American workers will. If there\u2019s money to invest, they\u2019re gonna invest it in Brazil or China or Russia, not in the US. We have to understand that.<\/p>\n

RUSH: But it\u2019s not Obama\u2019s fault, you see! America is just over. America\u2019s salad days are behind us. It\u2019s not Obama\u2019s fault, it\u2019s just the way it is — and these evil businesses, they\u2019re gonna seek employees who work for less around the world! The American people won\u2019t take these grunt jobs. It\u2019s beneath them! Of course, that alone is insulting, and it\u2019s been empirically disapproved, by the way. We chronicled one example a recent Morning Update<\/a> that we did, this whole notion that there are certain jobs Americans won\u2019t do. They will go to the pastures and the farmlands and they will harvest crops. It\u2019s happening in Georgia. They have to because there has been a crackdown on illegal immigrants there.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Now TIME Magazine is out with their cover: Hey, yep, there is no recovery, but it\u2019s not Obama\u2019s fault. It\u2019s America. America\u2019s just over. The America we knew is just over, we\u2019re all gonna have to just get used to it. <\/p>\n

Last night again on CNN\u2019s Situation Room, Wolf Blitzer speaking with James Carville, fresh off his comments that there might be riots next summer if the employment situation doesn\u2019t improve, Blitzer said, “Give me one piece of advice that you would give Obama right now if you were advising him.”<\/p>\n

CARVILLE: First of all, one of the things that they can\u2019t do that they did in 2010 is talking about how what they\u2019re doing is working. And the jobs numbers have to sort of improve here. The three-month average is 160,000. I have no idea where it\u2019s gonna go in the future but for his sake and the country\u2019s sake I hope it goes better.<\/p>\n

RUSH: (laughing) Jeez! What kind of tolerance and patience do we have? (impression) “First of all, one of the things they can\u2019t do, they can\u2019t say that what they\u2019re doing is working.” Now, imagine that. Now, we all know this, and you and I have discussed this in terms of Obama being landslidable beatable in 2012. Yesterday I asked you to stop and think: “Name one thing this regime has done that in a reelection campaign they could promise more of, that people would support? What have they done that you want more of? You can\u2019t name anything! Not one thing.” In other words, Obama cannot run on his record. He can\u2019t run on his achievements. <\/p>\n

Carville is saying so. (impression) “They gotta stop talking about how what they\u2019re doing is working, \u2019cause it isn\u2019t working.” Okay, so if they can\u2019t talk about what they\u2019re doing, if they can\u2019t say, “Four more years,” one of the most common reelection slogans that there is — “Four more years,” they can\u2019t say that. Four more years of this? “Yeah, we like 9% unemployment. How about 11%?” They can\u2019t do it. So what are they gonna do? What option is open to the Obama reelect people. We\u2019re talking about a year from now. Next summer, maybe 15 months, next fall. I don\u2019t know how much significant improvement that people can say is indicative of a trend that there can actually be. It\u2019s like this guy from TIME Magazine said: <\/p>\n

We\u2019re gonna need 60 months of robust job-creation to get us back where we were. Sixty months.<\/p>\n

END TRANSCRIPT<\/p>\n

*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Last week\u2019s new unemployment claims are up again — and it was “unexpected,” of course. But don\u2019t worry, ladies and gentlemen. It\u2019s just another bump in the road, sort of the way the Rocky Mountains are a bump in the road on the way to California. 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