{"id":32806,"date":"2009-06-30T01:01:01","date_gmt":"2011-05-19T02:15:13","guid":{"rendered":""},"modified":"2011-05-19T02:15:13","modified_gmt":"2011-05-19T02:15:13","slug":"as_predicted_state_run_media_props_up_failing_obama_economy","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/06\/30\/as_predicted_state_run_media_props_up_failing_obama_economy\/","title":{"rendered":"As Predicted, State-Run Media Props Up Failing Obama Economy"},"content":{"rendered":"
\n

RUSH: ‘US consumer confidence took an unexpectedly steep slide in June.\u2019 That\u2019s from Reuters. ‘Unexpectedly!\u2019 Every bit of economic news is ‘unexpected.\u2019 What were they expecting? A big rebound? Let\u2019s go to the audio sound bites. I want to take you back to me on this program, January 9th of this year.<\/p>\n

RUSH ARCHIVE: We\u2019re going to start seeing stories that will not be true, that feature man-on-the-street interviews with people whose lives are starting to get a little bit better, they see the light at the end of the tunnel now, they go on more job interviews and they\u2019re doing a little bit better. The Drive-Bys will start setting the stage to create the impression in the minds of people that we\u2019re coming back, when we are not. Just as they try to set up this mood that we\u2019re going to hell in a handbasket when we\u2019re not, notice how that works. That convinces people, the old saw about, ‘Well, I\u2019m doing fine but I\u2019m hearing on the news my neighbor is about to lose his job, we\u2019re in trouble here.\u2019 So how does it play when you\u2019re out of work but you hear that other people are getting jobs? If you are an Obama voter, you think your time is just around the corner, you gotta be patient \u2019cause he\u2019s already working, his plan is already working. If you think a demagogic, flowery spoken candidate or president with an accomplice media can\u2019t convince people things are great when they\u2019re bad you got another thing coming. If they can convince people things are horrible when they\u2019re good, the opposite\u2019s also possible. To this day people who are alive and voted for Roosevelt think he\u2019s the greatest president we ever had, and not because of World War II, because of Social Security, because of Medicare. So don\u2019t doubt me.<\/line><\/line>RUSH: That was all the way back on January 9th of this year, before the Bamster even rode into office. Now, let\u2019s go to this morning, CNN\u2019s Newsroom, the anchor Betty Nguyen spoke with Your Money host Christine Romans about the economy. And Betty Nguyen said, ‘Hey, Christine! Explain this. How did we do in the first half of the year?\u2019<\/line><\/p>\n

ROMANS: (giddy) We\u2019ve seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They\u2019re feeling better because they\u2019re spending less. They\u2019re saving more money. They\u2019re getting back to basics. There\u2019s a new frugality that\u2019s making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you\u2019re going to see that rally. If you are still invested in stocks — if you had faith and you were buying stocks along the way this spring, you\u2019re buying them at cheap prices — you\u2019re going to see that rally when you open up your 401(k) statement.<\/p>\n

RUSH: The stock market is down 120 today. Consumer confidence, according to Reuters, ‘took an unexpectedly steep slide in June.\u2019 Do I know these people or do I know these people? I predicted on January 9th and here on June 30th, CNN, it\u2019s morning in America! Your 401(k) is ballooning. We feel better spending less money. Why? Well, because we\u2019re being disciplined. We\u2019re saving. Do you realize how happy all of you are? CNN just said so and this reporterette, Christine Romans from Your Money, a CNN show. What did I tell you? They\u2019re going to do everything they can to make you think things are great, because the stimulus is in trouble. The Obama approval index in Rasmussen is at minus two. Remember, now, the Rasmussen approval index takes the ‘strongly approve\u2019 and the ‘strongly disapprove\u2019 and matches them up, and he is minus two. It\u2019s the first time in negative territory for the Bamster out there, and so they\u2019re trying to ramp up all kinds of fictional imagery to convince you things are great when they are not. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: I want to go back to this CNN sound bite again, this Christine Romans. Do you realize how outrageous this is? I mean, this is journalistic irresponsibility and malpractice — unless you understand that this is CNN, State-Run Media. This is an analysis of the US economy in the first six months of the year this morning on CNN. <\/p>\n

ROMANS: (giddy) We\u2019ve seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They\u2019re feeling better because they\u2019re spending less. They\u2019re saving more money. They\u2019re getting back to basics. There\u2019s a new frugality that\u2019s making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you\u2019re going to see that rally. <\/p>\n

RUSH: This is absurd. <\/p>\n

ROMANS: If you are still invested in stocks — if you had faith and you were buying stocks along the way this spring, you\u2019re buying them at cheap prices — you\u2019re going to see that rally when you open up your 401(k) statement.<\/p>\n

RUSH: It\u2019s absolutely absurd. Obama himself said, ‘The stock market? We don\u2019t pay attention to it here in the White House. The stock market is knowing a tracking poll. It\u2019s up one day, down the next. I\u2019m looking at the long term.\u2019 The truth is that families, American families have lost 20% of their wealth since January of this year, some families more than that. This is the average. Twenty percent! I mean, there are trillions of dollars of wealth that have been lost in 401(k)s, pension plans, stock portfolios, people being fired. Here, let\u2019s see. This is State-Run Media, Associated Press: ‘Unemployment rates rose in all the largest US metropolitan areas for the fifth straight month in May.\u2019 How the hell does…? <\/p>\n

How do these people get jobs, these economic people on these networks? How do they…? Well, it\u2019s a rhetorical question. They\u2019re hired because of the way they think, not what they know. At any rate, ‘The Labor Department said Tuesday that jobless rates in May rose from a year earlier in all 372 metropolitan areas it tracks. The The unemployment rate in Kokomo, Ind., jumped to 18.8 percent…\u2019 Christine Romans, somebody needs to get you the news here. CNN is telling everybody what a great rebound we\u2019re in here. You\u2019re doing great! You\u2019re feeling great because you\u2019re frugal. You\u2019re not spending as much. Your 401(k), you love opening the envelope. It\u2019s getting bigger out there. The stock market came back big time second quarter. Consumer confidence is down, not up, as she said! ‘Consumer confidence took an unexpectedly steep slight slide in June.\u2019 <\/p>\n

‘The other metro areas posting large gains were: Bend, Ore., where the jobless rate rose to 15.2 percent, an increase of 8.8 percentage points; and North Carolina\u2019s Hickory-Lenoir-Morganton saw its unemployment rate rise to 15.4 percent, a gain of 8.5 percentage points.\u2019 There are 372 metro areas that the Labor Department tracks, and in all of those areas unemployment is up, and yet State-Run Media is starting to tell us how great the economy is. I dare say, ladies and gentlemen, the vast majority of these cities, metro areas where unemployment is up and skyrocketing — I\u2019ll bet you — that they\u2019re run by Democrats, and I\u2019ll betcha they\u2019ve been run by Democrats for a long time. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Lou Ann in Morganton, North Carolina, hi, great to have you with us.<\/p>\n

CALLER: Mega dittos, Rush, from Morganton. I am so thrilled to be able to talk to you. You started saying something about Morganton this morning about the unemployment rate. It is so bad here. My husband has been laid off from Caterpillar since January the 29th of this year.<\/p>\n

RUSH: I think you\u2019re mistaken about that, because the president of the United States said that Caterpillar was going to be rehiring people after his stimulus bill was signed into law. So your husband may be a little bit behind. I\u2019m sure Caterpillar is just roaring back to life with new jobs every day.<\/p>\n

CALLER: You\u2019re dreamin\u2019, Rush. Here we\u2019ve got a sign in the back window of our car saying, ‘Hey, Obama! Your stimulus ain\u2019t working \u2019cause I\u2019m not.\u2019<\/p>\n

RUSH: (laughing) ‘Hey, Obama! Your stimulus ain\u2019t working because I\u2019m not.\u2019 That\u2019s a great bumper sticker.<\/p>\n

CALLER: Thank you. I came up with that. Here we have been fretting over, ‘How is he going to get back to work?\u2019 There is no hope. He just got a letter from Caterpillar. They are on rolling layoffs right now with the few people they have that are still working.<\/p>\n

RUSH: But don\u2019t you remember Obama saying on the eve of signing a stimulus bill that Caterpillar CEO said they\u2019re going to be rehiring people left and right with a responsible stimulus package and then Obama, you know, went out there to Peoria? They had a big ceremony with the local congressman there and the company CEO.<\/p>\n

CALLER: Well, Obama thinks one thing and we know something else. <\/p>\n

RUSH: No. <\/p>\n

CALLER: We know we\u2019re going to lose our house if he doesn\u2019t get back to work soon.<\/p>\n

RUSH: Obama makes it up as he goes along. He has a media that is pliant and compliant and helps him spread all these myths. Like we played earlier today, CNN Money reporter Christine Romans talking about how great the economy is. (summarized) ‘We\u2019re roaring back! Your 401(k)? You can\u2019t wait to open the envelope now to see all the gains that you\u2019ve made in there! The stock market had a great comeback in the second quarter. Wow, it\u2019s just going through the roof. Your frugality is great. You\u2019re spending less and you\u2019re happier than ever before.\u2019 This is the report from CNN today. What Lou Ann is talking about here is AP story: Unemployment rates rose in all the largest US metro areas for the fifth straight month in May, in all 372 metro areas are tracked by the Labor Department. The jobless rates in May rose from one year ago in all 372 metro areas. Kokomo, into a, jumped to 18.8%. It was 11% last year. And I\u2019ll guarantee you most of these cities are run or have been run for many, many moons by liberal Democrats. Who\u2019s next? Shane in Morristown, New Jersey. Hi. Welcome to the EIB Network. Hello.<\/p>\n

CALLER: Hello, Rush. (garbled) Jayhawk and mega dittos via the painful liberal Northeast. I want to make a quick point for you. I was listening to you yesterday about this cap-and-tax abomination, and who it will… It will destroy so many jobs, but it will specifically destroy the independent oil and gas industry in this country.<\/p>\n

RUSH: That\u2019s its intent! That\u2019s its intent. This is what you\u2019ve got to understand. It\u2019s to destroy traditional forms of energy and go the ‘clean\u2019 route, all these ‘green\u2019 things. That\u2019s the intent. It\u2019s like Big Oil. ConocoPhillips said, after seeing cap and trade, ‘Well, we\u2019re just going to shut down domestic operations, \u2019cause can\u2019t afford these taxes. We\u2019re just going to shut down domestic operations and we\u2019ll import more oil.\u2019 Meanwhile, our brilliant president of the United States is out there saying that this bill will get us energy independence in 20 years. Every day, every day is becoming a crock. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: ‘US consumer confidence took an unexpectedly steep slide in June.\u2019 That\u2019s from Reuters. ‘Unexpectedly!\u2019 Every bit of economic news is ‘unexpected.\u2019 What were they expecting? A big rebound? Let\u2019s go to the audio sound bites. I want to take you back to me on this program, January 9th of this year. 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