Posted on 05/04/2012 11:37:35 AM PDT by Hojczyk
Rick Santelli blasted the liberal media’s reporting on today’s dismal unemployment numbers. The CNBC star ridiculed the “Ostrich Economics” being pushed by the Obama-media.
Here’s Santelli on the latest unemployment data.
There are some highlights I’d really like to hit. The first one is that about 41.3% of unemployed have been unemployed for 39.1 weeks. That is huge and pretty much says it all. This is the weakest recovery since the Great Depression. A whole 4/5ths of the drop of the unemployment rate is due to a drop in the labor force participation. It is the lowest since 1981.
Many of regiohal news shows were reporting on just the unemployment rate. That’s “ostrich economics.”
(Excerpt) Read more at thegatewaypundit.com ...
Rick should hold another Tea Party.
Direct link to Santelli’s Video....
http://video.cnbc.com/gallery/?video=3000088399
BTTT
Needs to be repeated everywhere.
The “weakest recovery since the depression”?!?
Who said it’s a recovery at all?
The reason the left is covering up the imminent economic collapse is that it is much easier to take advantage of that collapse if a communist is in power.
I love this guy.
Clearly, anyone who really understands the economic realities of job growth knows that the people who invest money and create jobs for a business that they intend to run in the future DO NOT base hiring or layoff decisions on the economy of a month ago, a year ago, or four years ago (Bush II). Job creation decisions are always, always, always made based on the owner/investor's analysis of the business climate many weeks months in the future.
Businesses aren't growing or hiring because business leaders are looking at trying to operate in the most unfriendly business climate in US history, and much of the fear these business leaders are dealing with has been caused by Obama the previous Democrat Congress.
Highest corporate tax rates on earth, massive debt, grotesque deficits, printing money to cover overspending, massive increases in anti-business regulations, higher energy costs, increased risk of lawsuits, Obamacare, and more...all products of the Obama administration.
There are hundreds of millions of dollars sitting on the sidelines right now, owned by investors and business owners who are waiting to see if Obama will be reelected. The better the chances for Obama being put out of office, the more you'll see investor money pumped into the economy and jobs begin to grow.
But just like gun owners looked ahead back in 2008 and purchased record quantities of guns and ammunition in anticipation of a very “Second Amendment-unfriendly” Obama Administration, business owners and leaders are looking forward to suffering years of additional hardships, and are hunkered down to minimize the potential damage of the most Marxist, anti-business Administration in US history. And if it doesn't look as if Obama will lose this election this fall, all that money will be pushed offshore or put into investments that are more safe from the sticky fingers of big government, and the numbers of Americans holding jobs will continue to decline.
Should have written “hundreds of billions of dollars”...
Classic!
This is what you get when energy production is crimped, and employers and investors become the declared enemy of tax and regulatory policy.
Every positive indication that the media touts to prove the economy is just fine is an illusion. Printed money and concomitant borrowing mean that the indices are artificially propped up. I call it the “mirage economy”.
bttt
Speaking of ostriches, this morning on “Fox & Friends” they showed a clip of an ostrich running the street somewhere in Saudi Arabia along with various vehicles...they were wondering why the ostrich was running down the street but Brian Kilmeade pointed out that if the ostrich is female it wouldn’t be allowed to drive in Saudi Arabia.
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