{"id":33905,"date":"2009-11-09T01:01:01","date_gmt":"2011-05-19T01:45:07","guid":{"rendered":""},"modified":"2011-05-19T01:45:07","modified_gmt":"2011-05-19T01:45:07","slug":"obama_unemployment_hits_10_2","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/11\/09\/obama_unemployment_hits_10_2\/","title":{"rendered":"Obama Unemployment Hits 10.2%!"},"content":{"rendered":"
\n

RUSH: Last Friday, unemployment in our country hit 10.2%, coming in higher than the experts expected. This, of course, after the Democrats in Congress spent almost a trillion dollars in so-called stimulus, including the pork, and after Obama said unemployment would not top 8%. And the stimulus bill, if you\u2019ll recall, was supposed to contain a lot of ‘shovel-ready\u2019 projects. Well, we learned that 65,000 construction jobs were lost — (laughing) I\u2019m sorry to laugh about it — in the unemployment numbers that were reported on Friday. Now, this unemployment news followed the Obama White House touting an internal report full of misleading hype over jobs that they\u2019ve ‘created or saved\u2019 650,000. It\u2019s a mere drop in the bucket. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Last Thursday, Jack Welch, the former CEO of General Electric, blasted the Obama administration and Congressman Barney Frank telling a banking audience that the Democrats\u2019 actions to restructure the entire economy are insane. ”I hope the New Jersey, Virginia governors race will put some realism into this administration,\u2019 Welch told a big crowd at the Bank Administration Institute convention. ‘I hope it will cause them to just pause and not just jump into anything they encounter.” Jack, ‘insane\u2019 is not the word! It is lunatics. It\u2019s being done on purpose. And someday everybody is going to say, ‘Rush, we shoulda listened to you,\u2019 again.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: ‘Jack Welch, the former CEO of General Electric,\u2019 last Thursday in Boston, ‘blasted the Obama administration and Congressman Barney Frank… telling a banking audience that Democrats\u2019 actions to restructure the entire economy are ‘insane.\u2019 … ‘I desperately want more thought so we don\u2019t throw out some of the great things we have in this country,\u2019 Welch said to more than 1,000 bankers who watched the 73-year-old via video hookup. ‘Right now, Barney Frank has the floor. He can send us down paths that might be bad for us. That\u2019s frightening. I hope the elections in those two states will slow the speed at which we are attacking climate change, financial regulations and health care. We can\u2019t just pile up deficits and restructure the entire economy in 12-18 months. It\u2019s not doable. It\u2019s insane.\u2019 But they\u2019re doing it! They are doing it! And they\u2019re going to continue doing it.<\/line> <\/line>There\u2019s a stealth second stimulus coming: $250 payments to Social Security recipients, another 20 weeks of unemployment compensation benefits. ‘But, Rush! But, Rush! These people desperately need it!\u2019 I know, but what they need is work! What they need is jobs. And the more you pay people not to work, the less effort they\u2019re going to put into finding a job, and work is what they need and what this country needs. It\u2019s just that simple. <\/line> <\/line>The efforts that are being undertaken here to ostensibly create jobs, and we have 10.2% unemployment, folks! It\u2019s higher than it has been since 1983. And interestingly enough, the State-Controlled Associated Press has a pretty devastating take on this. In the last couple of weeks, we\u2019ve been getting stories from various State-Controlled Media outlets that, ‘Hey, you know what? Outta work, that\u2019s kind of good. People are discovering how to share what we have with people and we\u2019re getting in touch with ourselves again, having more time to spend with the families, and we\u2019re not traveling as much, and we\u2019re not polluting as much. Actually, all these wonderful things have happened to people who have lost their jobs!\u2019 We\u2019ve even had stories that people at Boeing who got fired were better off than the people who didn\u2019t get fired, because Boeing was such a rotten place to work! But now all of a sudden, the Associated Press: ‘It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.\u2019 <\/line> <\/line>Now, ask yourself: ‘Why would that be?\u2019 Seems like we\u2019ve got all kinds of unemployment compensation assistance. We\u2019ve got everybody out there on food stamps. We got Obama in the White House who\u2019s lifted everybody\u2019s spirits — ahem. Why would it be tougher than it was in \u201983? ‘Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And a bigger share of them have no health insurance, leaving them one medical emergency away from financial ruin. For these reasons, the unemployed are more vulnerable today to foreclosure and bankruptcy than they were a generation ago.<\/line><\/p>\n

‘Donald Schenk knows. He\u2019s been without work both times. It\u2019s worse now, he says. Back in the early 1980s, when Schenk lost his job at a phone company, he was able to find several temporary jobs — including one testing pinball machines — to make ends meet until he landed full-time work nearly two years later. But now Schenk, 55, of the Chicago suburb of Schaumburg, Ill., has been seeking work for a year and a half after losing his information technology job. Potential employers aren\u2019t interested ‘if you are not a perfect fit,\u2019 he says. The unemployment rate hit 10.2 percent in October. All told, 15.7 million Americans are out of work. Add in workers forced to settle for part-time work or those who have simply given up looking, and the rate is 17.5 percent.\u2019<\/line> <\/line>Now, the next subhead is, ‘Better in some ways — Only twice since World War II has unemployment topped 10 percent — now and from September 1982 to June 1983. In a few respects, life is better today for the unemployed than it was then.\u2019 See, here comes the obligatory: It\u2019s really worse! It\u2019s worse than ever! Worse than ever! But, actually, it\u2019s better today! — in the same story! ‘Unemployment benefits are more generous, adjusted for inflation, and the Internet allows jobseekers to network, scan for openings, [look at porn] and apply without leaving home. And thanks in part to higher home values, Americans are worth more…\u2019 <\/line> <\/line>What? ‘Higher home values\u2019? Where has the AP been? ‘Higher home values\u2019? What is the term, underwater? People\u2019s homes are worth less than what they\u2019re paying for them? Higher home values? Well&hellip; ‘Measured in 2009 dollars, net worth comes to about $173,000 per person, compared with $94,000 in 1982, according to Lynn Reaser, president of the National Association for Business Economics. Even if the average American has a larger cushion to fall back on, times are tough.\u2019 Okay, now we\u2019re going to switch gears: ‘It\u2019s worse than ever, worse than it was, but it\u2019s not so bad! In fact, it\u2019s better in some ways!\u2019 But now we\u2019re back to ‘times are tough.\u2019<\/line><\/p>\n

‘A much larger share of jobs these days&hellip; are in the service sector, such as tax preparers, hair stylists and retail clerks. Those jobs generally pay less and offer fewer benefits than blue-collar manufacturing work. Manufacturing, which typically offers more generous benefits, accounts for less than 9 percent of payrolls today — down from 19 percent in 1982. Back then, the United Auto Workers persuaded the Big Three auto companies to pay up to 95 percent of the gap between a laid-off worker\u2019s unemployment benefits and what he or she made on the job. But since the decline of the size and influence of unions\u2019 (laughing) It\u2019s surreal! ”that would be inconceivable today,\u2019 said University of Illinois professor Michael LeRoy, who studies unions.\u2019 Yeah, just give another year or so, and they\u2019ll have that fixed. I\u2019ll tell you what we need is a Misery Index, just like we had in the Carter years. We are long past the time where we need a Misery Index. That\u2019s how we have to measure it. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: To Newnan, Georgia, this is Herb. I\u2019m glad you called, sir. Welcome to the EIB Network.<\/p>\n

CALLER: Hello, Rush. It\u2019s a pleasure to speak with you. Mega dittos.<\/p>\n

RUSH: Thank you very much, sir.<\/p>\n

CALLER: I\u2019m just standing here pacing back and forth because I don\u2019t see how you can keep your sanity half the time. I mean, from the word ‘get go\u2019 when are these people going to wake up? There\u2019s so many thoughts running through my head it\u2019s hard to get them all out, but I know one thing. I\u2019m tired. I\u2019m 56 years old. I spent ten-and-a-half years in the military. I did it all. I\u2019ve suffered. I\u2019ve cared for my family. I\u2019ve worked two and three jobs sometimes. Things got tough. You know, it just seems like Obama — and believe me, I have no prejudice about being black, white, it don\u2019t matter. But it seems like all he is is a cliche or somebody\u2019s wrote some fancy slangs. You know, like, ‘It\u2019s time for change.\u2019 What change have we seen? Nothing too good. ‘It\u2019s time to pull yourself up by the bootstraps.\u2019 I have no problem pulling myself up by the bootstraps.<\/p>\n

RUSH: Hold on just a second. Obama is not saying that. Obama wants to pull you up by your bootstraps and then put you where he wants you to be.<\/p>\n

CALLER: Well, my daddy taught us that when things got tough you tighten up your belt and you went to work and you done without.<\/p>\n

RUSH: That\u2019s insensitive today. ‘That\u2019s easy for you to say but what about these poor people that don\u2019t have jobs? It\u2019s easy for you to say.\u2019<\/p>\n

CALLER: Rush, I scrimped and saved. I know you\u2019re going to think this is funny. I was married 27 years and lost my wife to breast cancer. Five years later I met a woman, remarried. I was still in the same bed. When we got married she really didn\u2019t like sleeping in another woman\u2019s bed but we started saving. And we heard you talk about Sleep Number Bed<\/a>. We saved for two years. When the economy went down, we reset our priorities. We had to pay things that we had to pay. And it\u2019s just not that. It\u2019s just one thing after the other. People talk about national health care. I\u2019ve experienced overseas where I was stationed. I had a son born in Scotland. I had to experience their national health care. They let my son be born two months premature just so it wouldn\u2019t cut into the doctor\u2019s holiday. Okay. He came out with small birth defects, which he still suffers with. But it\u2019s okay. We\u2019re strong, we\u2019re going to make it. You know, it\u2019s just when are people going to wake up and see what\u2019s going on and go to the tea party meetings and rally around somebody? I just get so disgusted. I mean, I drive a truck full time and sometimes I just go down the road with tears coming down my face because I see the changes and I just don\u2019t know what to do no more. I just don\u2019t know what to do.<\/p>\n

RUSH: I know, because all the things that you have cited — thrift, hard work, taking care of yourself, being responsible for your family and so forth, serving your country; all these things you\u2019ve mentioned — people sneer at them. ‘Oh, that\u2019s just old-fashioned stuff. What do you mean, go get a job? That\u2019s easy for you to say,\u2019 but there\u2019s a fundamental change in American culture that\u2019s taking place.<\/p>\n

CALLER: Yeah.<\/p>\n

RUSH: Look, I totally understand your frustration. There are millions of you out there and I know when your voice will next be heard (aside from the tea parties). It will next be heard next November, a year from now. Mark my words. They\u2019re talking unemployment may now hit 11% and it\u2019s not going to go down anywhere any time soon, even in the next year. If that\u2019s the case, Katie, bar the doors. And if they\u2019ve put health care on top of this, whew! That\u2019s where voices will next be heard.<\/p>\n

CALLER: It is so frustrating. I am glad you\u2019re able to keep your sanity and your sense of humor because we need to hear you out there. And I\u2019m so glad when you came around and opened up the AM waves, before you… Well, you know, AM radio wasn\u2019t that big. And when you come along and got affiliated, it was just a godsend. And I say that freely now. Who knows when I\u2019ll be able to say that again?<\/p>\n

RUSH: (laughing) It\u2019s not that bad yet, Herb. I\u2019ll tell you when it\u2019s time to panic.<\/p>\n

CALLER: I know you will, Rush.<\/p>\n

RUSH: We\u2019re close. These are desperately serious times.<\/p>\n

CALLER: I mean, I\u2019m sitting here and talking to you and getting a little bit off my chest. It just makes me tremble, because we could see what\u2019s coming. We could see what\u2019s going on down the road. I mean, what would they say if Bush would have spent 9,000 gallons of fuel just to plant a tree on Earth Day? You know, and that\u2019s just one instance. I mean, there are just too many double standards. People gotta get out there and work, do whatever it takes! Don\u2019t take the easy way, and just don\u2019t get on the company dole and let somebody else worry about you. <\/p>\n

RUSH: Well, you\u2019re describing an old American work ethic and tradition that, as I say, is sneered at by a lot of people.<\/p>\n

CALLER: Oh, I know. I know. I know. But there\u2019s still a lot of us out here, and a lot of us are still working.<\/p>\n

RUSH: I know, and there\u2019s more than you think. But you ask me how I avoid going insane. Understand that there are some people who think I am insane. None that know me, don\u2019t misunderstand, but there are people who think I am. But you just said you thank me for the opportunity to call here and vent. See, I get to vent every day. That is wonderfully therapeutic. I get to vent to these 20, 22 million people every day and most of you in the audience are sitting there and you\u2019re wondering if anybody is hearing you. Are you alone? Does anybody agree with you other than the guy on the radio? Because you don\u2019t see any action, other than the tea parties, the protests in Washington on Saturday, but even at those you see those people being sneered at.<\/p>\n

CALLER: That\u2019s exactly right.<\/p>\n

RUSH: But we hear you. We hear you, Herb. We hear you.<\/p>\n

CALLER: You look a lot better now. You lost some weight. Excellent job.<\/p>\n

RUSH: (laughing) Yeah.<\/p>\n

CALLER: (laughing) <\/p>\n

RUSH: Thank you. Well, we hear you, Herb.<\/p>\n

CALLER: Well, thank you, Rush. And just keep preaching the gospel because sooner or later people is gonna understand.<\/p>\n

RUSH: Look, we\u2019re 10% unemployment. People are understanding. They\u2019re just shell-shocked. This is the United States of America and this type of stuff doesn\u2019t happen here. Now, the old-timers still around remember FDR trying this stuff but he was building things for the first time then, like Social Security and all these other things. All these things are built now and they\u2019re not working. They are leading to debt. And now people see we\u2019re going to add on to that, and we\u2019re doing it with an assault on the engine that made this country the greatest economy for the good of all humanity in the history of humanity. We see an assault on the United States economy. We see a pilfering of the US private sector. We see the government. We see 238 millionaires in the House of Representatives. Two hundred thirty-eight millionaires, that\u2019s not quite 50%. Over in the Senate there are tons of millionaires as well. We are now led by a governing elite that looks upon us with contempt, especially the Democrat Party. <\/p>\n

<\/a>They\u2019re sitting up there and they know full well that nobody wants this health care plan. The Rasmussen numbers out today. Even after it\u2019s passed, still 52% oppose it. It\u2019s going to be even higher than that. Do you remember Reagan came up with this plan for catastrophic health insurance for seniors, and the wealthiest among them would be charged $560 bucks a year? They had a fit when they found out! That\u2019s when they stormed Rostenkowski\u2019s car in Chicago and that\u2019s when he lost the election, and they had to withdraw that. Well wait \u2019til they find out that the average family is going to have to cough up $7,000 a year to buy health insurance, mandated by the federal government. Wait \u2019til they find that out. Wait \u2019til upper income people $15 to 25,000 they don\u2019t know this stuff yet. When they do, you wait. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Well, I need to apologize here. I did not hear Herb correctly. I thought Herb from Newnan, Georgia described his situation as his wife died, he married a new woman, and had to sleep in the same bed until he saved up enough money to get a Sleep Number Bed. I thought he got the bed and then had to cut back. I\u2019m being told here that he had to cut back before buying the bed. Now, had I heard that properly… It\u2019s my fault. I coulda looked at the steno over here, but I thought I heard it correctly, so I didn\u2019t. So, Herb, call us back here, if you can. And don\u2019t any of you people out there who are not Herb call here and tell us you are, \u2019cause Snerdley is an expert in voice recognition. So Herb, the lines are jammed. They always are. But Herb, I know you\u2019re out there. Keep trying to. I need to get back in touch with you. We did not get his phone number, and so we have no way of reaching Herb. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Last Friday, unemployment in our country hit 10.2%, coming in higher than the experts expected. This, of course, after the Democrats in Congress spent almost a trillion dollars in so-called stimulus, including the pork, and after Obama said unemployment would not top 8%. 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