{"id":9473,"date":"2014-05-02T16:50:10","date_gmt":"2014-05-02T16:50:10","guid":{"rendered":""},"modified":"2014-05-02T16:50:10","modified_gmt":"2014-05-02T16:50:10","slug":"obamanomics_92_million_americans_not_working","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2014\/05\/02\/obamanomics_92_million_americans_not_working\/","title":{"rendered":"Obamanomics: 92 Million Americans Not Working"},"content":{"rendered":"

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

RUSH: Have you heard about the great economic news? I mean, this is the most amazing — I\u2019m sorry, folks, I\u2019m going to have to come up with some new descriptors, new descriptives, because I\u2019m running out of them. Most amazing, incredible, unbelievable, stunning, you name it. The US labor force shrunk by more than 800,000 people in April. For those of you in Rio Linda, that means 800,000 people stopped looking for work or quit working. The labor force participation rate declined or decreased to 62%. That is the lowest it has been since 1978. What that means is only 62% of Americans of working age have job. <\/p>\n

<\/a>The number of Americans not working, but eating and watching television, probably driving and making cell phone calls, 92,594,000. So 92,594,000 Americans are not working. They\u2019re all eating. “Mr. Limbaugh, what\u2019s the big deal about that? We\u2019re a compassionate country. When people don\u2019t have jobs they should be able to eat.” It used to not be that way, Mr. New Castrati. You used to have to work to eat. There\u2019s nothing good here, folks. <\/p>\n

But despite all of this, the unemployment rate has plunged from 6.7 to 6.3%. That just doesn\u2019t make any sense. Well, it does, if you know how they calculate the number. They simply don\u2019t count the number of people who have given up trying to find a job. It\u2019s that simple. If you\u2019ve been out of work for four years or longer and you\u2019ve given up looking, you don\u2019t get counted as unemployed. So I don\u2019t know what number, but a large percentage of the 92,594,000 Americans not working is not counted in the unemployment rate. <\/p>\n

But despite all this, let me review this now. The US labor force shrank by more than 800,000 in April. The labor force participation rate decreased to 62%. That\u2019s the lowest it\u2019s been since 1978. That means 62% of the people working age have a job. The rest don\u2019t, 92.5 million Americans not working. And the regime claims that 280,000 jobs were created in April, and that the unemployment rate has fallen from 6.7 to 6.3%. Never mind that we were told just yesterday that the new unemployment claims have gone up three weeks in a row and economic growth is one-tenth of 1%.<\/a><\/p>\n

The regime has even revised up the previous two months\u2019 job numbers by 36,000 jobs. I don\u2019t know how this is possible. We were just told that the first quarter GDP was one-tenth of 1%. None of this adds up. Nobody would suggest that the regime is cooking the books in the run-up to the midterm elections. They would never do that. Except we know that they did do that before the 2012 elections. I mean, that would be like lying about the death of four Americans in order to win an election. They\u2019d never do that. The regime would never lie about how four Americans died just months before an election. They\u2019d never do that, right? <\/p>\n

Except that they did. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Hey, dude? Hey, dude, where\u2019s my workforce? “Nearly a Million Americans Exited the Labor Pool in April.” That means that taxpayers and people still working have that many more people to support in one fashion or another. “One million people dropped out of the labor force in April. Participation rate plummets to the lowest since 1978.” It\u2019s amazing. <\/p>\n

If the unemployment rate plunged from 6.7% to 6.3%, why are there more people than ever on food stamps? And why are there more people than ever on unemployment benefits if the unemployment rate keeps coming down? Now, look, folks, I know that the unemployment number… See, there\u2019s a U-3. The letter U and the number 3. That\u2019s the reported number. And then there\u2019s the U-6, and the U-6 is never reported.<\/p>\n

The U-6 number (which is the bureaucratic designation for the number) actually includes those who have given up trying to find a job. That unemployment rate is 12-something, I think I saw. It\u2019s 12.6%, which is closer, obviously, to reality. But it\u2019s even higher than that. Why isn\u2019t it 62%? Fewer and fewer people are working.<\/line><\/p>\n

And taxes are going up on those who are in order to pay so that those not working can eat. What did I see the other day? Twenty percent of American families don\u2019t have anybody in the family working, and yet we\u2019re told that the economy added jobs? Oh, here\u2019s the AP headline: “US Economy Adds a Strong 288,000 Jobs in April.” Now, how is it possible that the economy added 288,000 jobs? <\/p>\n

We were told just yesterday by the AP, “The number of Americans applying for unemployment benefits rose last week to the highest level since February,” and that “[t]he number of people applying for benefits has risen three straight weeks.” Oh, you think the same things can be happening simultaneously?<\/p>\n

We could be adding 288,000 jobs while losing all these jobs at the same time? What\u2019s the net number? It can\u2019t possibly be positive. It doesn\u2019t matter. It doesn\u2019t matter. As far as the low-information crowd is concerned, the unemployment rate went down from 6.7% to 6.3%. “Oooh, man! We must be humming! The recovery must finally be taking off right before the elections.”<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Here as we speak a live joint press conference going on between President Obama and the German Chancellor, Angela Merkel. And before it all began, the president said the following in his opening remarks. <\/p>\n

OBAMA: We\u2019ve learned that our businesses created 273,000 new jobs last month. All told, our businesses have now created 9.2 million jobs new jobs over 50 consecutive months of job growth. The grit and determination of the American people are moving us forward. There\u2019s plenty more that Congress should be doing from raising the minimum wage to creating good construction jobs rebuilding America. And I want to work with them wherever I can, but I keep acting on my own wherever I must to make sure every American who works hard has the chance to get ahead.<\/line><\/p>\n

RUSH: Unbelievable. I wonder if Obama asked her for one of those new S550 coops. It\u2019s a cool looking car if you like two doors coming out in I think September, November, something like that. That\u2019s the kind of thing he would do. All right. “We learned that our business created 273,000 new jobs.” This is for the late night comedians. This is for Yahoo! News. This is for the low information voter because this is all kaka. “We learned our business created 273,000 new jobs. All told our businesses have created 9.2 million jobs over 50 consecutive months of job growth.” <\/p>\n

I don\u2019t know where he gets this stuff. Just make it up. Just literally make it up. “The grit and determination of the American people are moving us forward.” 92.5 million Americans not working! We have fewer Americans working than we\u2019ve had since 1978. “There\u2019s plenty more that Congress should be doing from raising the minimum wage to creating good construction jobs.” Congress creates good construction jobs? We\u2019re going to rebuild the economy on good construction jobs? I mean, not to put down construction jobs, but there\u2019s a reason why they are cited because reconstruction jobs are how you rebuild America. <\/p>\n

Why do we need to rebuild anything? I thought we were growing gang busters here. Hey, dude, you\u2019re leading the country better than anybody has. We\u2019ve come out of our recession. We\u2019ve been in recovery since 2009. What is this rebuild America stuff? He said, “I want to work with Congress whenever I can, but I will keep acting on my own wherever I must to make sure that every American who works hard has the chance to get ahead.” Once again, dear leader wants every American to credit him whenever anything good happens to them, because only Obama made it possible. <\/p>\n

I tell you, this is striking. None of it is true, folks. I\u2019m through even shouting about it. I\u2019m through coming here and saying, “Hey, folks, this guy –” I\u2019m through. It doesn\u2019t matter anymore. Nothing is real anymore. The same thing we were talking about yesterday. Everything\u2019s buzz, PR, whatever you can make people believe is true. If it\u2019s on television, it\u2019s true. People see it on TV, it happened. It\u2019s a dangerous thing. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Have you heard about the great economic news? I mean, this is the most amazing — I\u2019m sorry, folks, I\u2019m going to have to come up with some new descriptors, new descriptives, because I\u2019m running out of them. Most amazing, incredible, unbelievable, stunning, you name it. 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