{"id":345933,"date":"2020-04-23T16:15:00","date_gmt":"2020-04-23T20:15:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=345933"},"modified":"2020-04-24T16:17:50","modified_gmt":"2020-04-24T20:17:50","slug":"the-great-shutdown-erases-all-jobs-created-since-the-great-recession","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2020\/04\/23\/the-great-shutdown-erases-all-jobs-created-since-the-great-recession\/","title":{"rendered":"The Great Shutdown Erases All Jobs Created Since the Great Recession"},"content":{"rendered":"

RUSH: Mr. Snerdley, you were dead-on right about something yesterday. Remember I pointed out that the airlines are saying they might have to remove the center seats from coach in order to fly safely? Well, the CEO of an Irish airline, a guy named Michael O\u2019Leary, said to hell with that. We\u2019re not pulling the middle seat out of there. That would give us 66% occupancy. We can\u2019t fly at that. The middle seat\u2019s not coming out. So you were right.<\/p>\n

Greetings, folks, and how are you? Rush Limbaugh. Here we go. Three hours of broadcast excellence straight ahead. And we\u2019re looking forward, in about a half hour Vice President Mike Pence will be here<\/a> for a few minutes starting at 12:33 Eastern. So we got some stuff to cover before the vice president. The vice president\u2019s travel schedule is about to resume. He\u2019s gonna be, I think, going to Indiana and Minnesota. I think I\u2019ve got that right, which is a great sign. The president hasn\u2019t been flying or traveling anywhere, and the idea that they are gonna start traveling — we\u2019ll ask about it, but it would seem to be a good sign.<\/p>\n

\"\"<\/a><\/p>\n

Right before the program started, I was sent a tweet today by Dinesh D\u2019Souza<\/a>. “Global hysteria is nearly always overblown.” The reason I like this is because it dovetails with a constantly expressed theorem of mine that there\u2019s always something out there that\u2019s gonna kill you. There\u2019s always some kind of crisis that is used to manipulate you. And Mr. D\u2019Souza happens to point out that global hysteria is nearly always overblown. It\u2019s always exaggerated.<\/p>\n

In the 1970s the earth was running out of food. In the early 1970s we were on the verge of an ice age. In the early 1980s that became we\u2019re about to melt here because of global warming. In the 1980s nuclear winter. Do you remember that? Then we had the ozone hole. And then we had acid rain. And we had full-blown segments on 60 Minutes for all of these things. Acid rain, pollution, if it hit you, you rotted instantly, you turned into an immediate radioactive isotope.<\/p>\n

And none of this stuff ever eventuated. None of it ever manifested to the extent that we were told that it would. The ozone hole. And now, by the way, they\u2019re trying to bring that back. And now they\u2019re combining whatever the latest scare tactics are on man-made climate change with, of course, the pandemic. Now we\u2019ve got the apocalypse because of the global pandemic. And D\u2019Souza says we humans are suckers for being manipulated by the politics of fear. That\u2019s not incorrect.<\/p>\n

Okay, folks, you talk about breaking your heart. Another 4.4 million people filed for unemployment compensation last week. Are we there yet? Are we at the point where the cure may be worse than the disease and you don\u2019t even have a computer model to figure that out? You want to put this number in perspective? That means 26 million people.<\/p>\n

Now, they\u2019re trying to say, “Hey, Rush, it came in better than the experts forecast. They were predicting another five to six million.” Okay, good. So we only came in 4.4 million filed for unemployment. More than 26 million Americans now have filed unemployment claims in less than two months. To put this number, that number of 26 million in perspective, we have now officially, according to labor department numbers, we have wiped out every job gained since the 2008 recession. Every job gained in the last 12 years has been eliminated and wiped out.<\/p>\n

That is just mind-boggling to me. And it\u2019s not because of any capitalism failure. It\u2019s not because of any unfairness or inequality or racism or sexism. We\u2019ve done this to ourselves. I mean, this is shocking. You know, one data point that I loved expressing was that it didn\u2019t take us very long to wipe out the three years of economic growth we\u2019ve had under President Trump, Vice President Pence and get us back to the high point of the Obama economy. But we\u2019re way beyond that now. We\u2019re back 12 years ago. The U.S. economy has wiped out all job gains since the Great Recession.<\/p>\n

And, by the way, some federal government jobs are next to be lost. And you can read about this because this has the Drive-By Media very upset. The Democrats in the media are stunned, they\u2019re unhappy. The fact is, whatever government jobs are lost, you can guarantee that pretty much every one of them is coming back. But how many of these private sector jobs are gonna come back?<\/p>\n

How many of the small businesses — now here comes the clich? — that you now know form the backbone of the American economy, how many of these small businesses are gonna reopen? How many are gonna be there to reopen? How many their proprietors, owners, are gonna be able to reopen? How many are gonna even want to try to reopen, whenever that is.<\/p>\n

\"\"So a lot of these jobs are not gonna coming back. They\u2019re gonna have to be recreated with new industries, new businesses, which can happen. But, man, folks, wiped out every job. And the headline here, this is CNBC, this headline\u2019s so misleading: “The US Economy Has Wiped Out All the Job Gains Since the Great Recession.”<\/a> The U.S. economy hasn\u2019t done anything. The U.S. economy has had its hands tied. The U.S. economy has been shut down. And even now when there are expressed efforts to get parts of it reopened, here come the doomsayers, here come the naysayers. “It\u2019s too early, it\u2019s too soon, you can\u2019t do it, more people are gonna die.”<\/p>\n

At what point…? Yesterday, I was watching the briefing as I do each and every day. I was looking for any hope. I was looking for any sign that anybody up there could offer anybody hope. And I want to share Jim Cramer. I\u2019ll let him say it. This morning on CNBC\u2019s Squawk Box, we have two sound bites, and here is the first…<\/p>\n

CRAMER: Dr. Fauci completely just made us feel awful again by talking about how horrible it\u2019s gonna be in the fall. These press conferences or shows — whatever you call them — are now unwatchable, I\u2019d rather just turn \u2019em off. Hospitals are talking about, “Please come back! Don\u2019t feel like it\u2019s a death sentence just to come in and get your knee done.”<\/p>\n

So I\u2019m looking at better news medically, except for when I pick up the New York Times. We have the smartest people in the world working this problem, and I refuse to believe that they\u2019re just a bunch of knuckleheads. They gotta know more! I mean, is it really just about whether we\u2019re gonna have a hair salon open in Georgia? Aren\u2019t these people gonna come through with some breakthrough?<\/p>\n

RUSH: How many of you are going, “Yeah, yeah, yeah, it\u2019s exactly what I think”? Especially when he says, “Look, there\u2019s no reason for this, unless they know something they\u2019re not telling us.” That\u2019s what Cramer\u2019s essentially getting at. “We have the smartest people in the world working on this, and I refuse to believe they\u2019re a bunch of dunces and knuckleheads.<\/p>\n

“They have to know more and it\u2019s gotta be…” What he\u2019s implying here is it\u2019s gotta be really bad if they\u2019re going to these lengths to keep everything shut down. Are they really worried about a hair salon opening up in Georgia? Is that really what\u2019s got these people fit to be tied? Are they really that…?” No, he thinks that\u2019s so insignificant compared to what these people are doing.<\/p>\n

\"\"And then, “Aren\u2019t we anywhere near a breakthrough? Haven\u2019t these people… We have best minds in the country, in the world working on this. Is there not one advance? Is there not one breakthrough that these medical people could share with us during these briefings?” So Dr. Fauci completely just made us feel awful again — and, by the way, everybody dumped on Brian Kemp at the briefing yesterday, including the president.<\/p>\n

Dr. Fauci said (muttering), “If I were advising him, I wouldn\u2019t — I wouldn\u2019t do it. If I — if I were advising him.” Dr. Birx is the only one that said, “Hey, they\u2019re smart people. If they can figure out how to open nail salons and tattoo parlors and keep social distance, then I\u2019m all for it.” Now, she may have been being sarcastic there. How do you do a tattoo six feet away from the customer? Ditto, nail… nail…<\/p>\n

What do you call them? Manicures. President Trump said, “I think it\u2019s too soon, gotta wait a little while. But he\u2019s free to continue.” The point is that nobody… What is waiting two more weeks gonna do? What\u2019s waiting another month gonna do? What the hell\u2019s gonna happen in another two weeks or four weeks that\u2019s different from now?<\/p>\n

“That curve will flatten more!” Here\u2019s the second bite from Jim Cramer. Now, remember, he\u2019s just kind of laid into Dr. Fauci for destroying hope. Dr. Fauci just made us feel awful talking about how horrible it\u2019s gonna be in the fall — and then the CDC guy did the same thing. He came out there and said, “Man, it\u2019s gonna be really bad in the fall because this thing\u2019s coming back — and we\u2019re gonna have the flu!”<\/p>\n

So he had to walk back the misimpression he gave that the coronavirus is gonna be even worse in the fall. He didn\u2019t mean that. He meant the combination of the coronavirus out there, which will have… All these medical people say that it will resurface \u2019cause it\u2019s a cyclical, seasonal thing. But then the fall flu season is gonna hit at the same time. Double whammy! So Cramer says: My gosh, these guys just destroyed all hope again. They\u2019re making us feel horrible out there!<\/p>\n

Here\u2019s Cramer\u2019s next comment…<\/p>\n

\"\"<\/p>\n

CRAMER: Is it okay to be hopeful — I guess that\u2019s what I\u2019m asking — or should we take that off the table and be despairing and just be one text away from not killing ourselves?<\/p>\n

SORKIN: We all want to have hope.<\/p>\n

CRAMER: Do we? I want to be optimistic. I don\u2019t want to be a suicidal 65-year-old! My wife sent me a picture of me in Italy and she goes, “Will this ever happen again?” I came back and I said, “Yes,” and she… (unintelligible) I\u2019m the dreamer that I might go to Italy someday? I don\u2019t know.<\/p>\n

KERNEN: I know. We\u2019re planning it.<\/p>\n

CRAMER: I\u2019m sorry, excuse me for thinking that life didn\u2019t end on Feb. 1 or now we turned out to be Jan. 23rd, or some sort of laboratory that may or may not have leaked some virus that made it so a bat in a bowl of soup is killing us. Not going there! Sorry.<\/p>\n

RUSH: Well, these frustrations are starting to mount everywhere, because to a lot of people, it isn\u2019t making any sense. Twenty-six million Americans have filed for unemployment in essentially two months. In two months, we have eliminated every job created after the 2008 recession.<\/p>\n

And whenever anybody seriously proposes reversing course and reopening, the doomsayers and the naysayers pop right up and carry the day. (impression) “Well, I don\u2019t think it\u2019s time. I think it\u2019s very, very risky to do this.”<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: As usual, I check the during the during the break and there\u2019s some snark in there. “Come on, Rush, I know the truth. We haven\u2019t lost as many jobs as we created after the Great Recession.” In fact, we\u2019ve lost more! The jobs created since the 2008 Great Recession (now, these are labor department numbers) is 22.4 million.<\/p>\n

That\u2019s how many jobs were created in the U.S. economy since the Great Recession of 2008, and you remember that one. Oh-ho1 It\u2019s gonna wipe us out! Oh, it was it bad! Oh, my God! We had to do it all! Oh! It was gonna be the end of the world financial system. Remember? I remember being at a meeting with a senator. I asked, “Do you really think…?”<\/p>\n

“Oh, it\u2019s bad. It\u2019s bad, Rush! I gotta tell you, it\u2019s bad. We\u2019re facing the wipeout of the world\u2019s economic system!” “Really?” “Oh, yeah!” That\u2019s what he had been told, and he was sticking with it. So, anyway, that was exaggerated. We\u2019ve had 22.4 million jobs created. Now we\u2019ve got 26.5 million people who\u2019ve lost their jobs.<\/p>\n

In fact, we have lost two million more jobs than we had created since the 2008 Great Recession.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Are we at the point where the cure may be worse than the disease and you don't even have a computer model to figure that out?<\/p>\n","protected":false},"author":49,"featured_media":345995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\nThe Great Shutdown Erases All Jobs Created Since the Great Recession - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2020\/04\/23\/the-great-shutdown-erases-all-jobs-created-since-the-great-recession\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"The Great Shutdown Erases All Jobs Created Since the Great Recession - 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