RUSH: There weren't any jobs. What is there to say? In fact, I'll tell you, I don't know how they're gonna revise this number down. They revise the number down every month, right? How are they gonna revise zero down? Well, yeah, there had to be a net loss of jobs. Now, actually, there was a guy hired in August. And all of the networks had planned live interviews with the guy who got the job in August, but he got laid off on August 31st, so there was no job created. There was one guy who got a gig somewhere, I don't know where and I don't know what the job was, but the networks were all excited. They were gonna interview this guy as part of the Labor Day weekend, but he got laid off less than two weeks after he was hired. (laughing) It's no laughing matter, I know. It really isn't. It's a disaster out there. Yeah, we need a jobs program after almost three years of Obama jobs programs.
| You see the latest CNN/ORC poll? Supposedly more than eight in ten Americans think the economy is in another recession, 80%. When's the last time that 80% of Americans agreed on anything? I ask you, and yet 80% of Americans think that we are in another recession. You compare that, for instance, to the so-called consensus on manmade global warming. Now, it's funny, folks, as you well know, when there is a Republican in the White House, if most people think that we're in a recession, and we are, that's all it takes. In fact, we can be in a recession even when most people don't think we're in a recession. CNN is so eager to save Obama's bacon that they point out, even after 80% of the American people think we're in a recession, they're wrong, CNN says. Now, if it were Bush, and if 80% thought we were in a recession, they'd be right. But in this story, 80% of the people in their poll say they think they're in a recession, CNN then goes on to correct them and to explain that officially a recession's two consecutive quarters of negative growth. Never mind that they and the rest of the media have been saying for years that the recession started back in December 2007, even though there had not been two straight quarters of negative GDP at that point. But all of this talk about slipping back into recession and even the jobs number, zero, I'll tell you, it's geared to next week's big speech. One thing: Smoothing the way for Obama to ask for another round of stimulus spending next week. Just get prepared for it, folks. It's gonna be outrageously big, so much so, the Republicans can never support it, and then that will set up Obama running against Republican obstructionism, even though the Republicans have only been in power the last seven months of the little over two and a half years of the Obama regime. |
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| BREAK TRANSCRIPT The BusinessInsider.com: "While the overall U.S. employment situation is dismal, today's jobs report shows the crisis is much worse for minorities. The unemployment rate for black Americans spiked to a shocking 16.7% in August, up from 15.9% the previous month. It's now the highest it has been during Barack Obama's presidency, up from the previous record of 16.5% in March and April 2010." By the way, this is the first time since 1945 that a jobs rate has been zero. Now, an old buddy, we like this guy a lot here at the EIB Network, James Pethokoukis, he dabbles at Reuters. Somehow he snuck in there, and he does blog posts and writes columns. He's not a lib, let's put it that way. We didn't create a single job, and the unemployment rate dropped nevertheless, right, went from 9.2 to 9.1. Pethokoukis points out that the unemployment rate, if the labor force was as big as it was when Obama took office, would be 11.4%. The way they get this down to 9.1% is simply reduce the number of jobs in the universe, just arbitrarily. |
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