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Feb. 3, 2012 - Rush Limbaugh Program
37:44
February 3, 2012, Friday, Hour #1
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Welcome to today's edition of the Rush 24 7 Podcast.
So all you people that are finding jobs out there, isn't it great?
Isn't it fabulous?
Everywhere you look, people are getting hired.
You can see it in the unemployment number.
Why we know we created seasonally adjusted 200 some odd thousand jobs?
You know what the raw number is?
From the Bureau of Labor Statistics own table.
The raw number before there's any seasonal adjustment.
The raw number is that from December to January, we lost two million jobs.
Live from the Southern Command in sunny South Florida.
It's open line Friday.
Don't ask me about seasonal adjustment.
I've been trying to figure this out all morning, and I can't.
But the raw numbers, 130 million jobs in December, 128 million jobs in January.
Thank you.
Give or take a couple hundred thousand either side.
But when the seasonal adjustments take place, there is a gain of 200, whatever they're reported, 33,000 jobs.
Now what's happening is the labor force is shrinking.
There are fewer jobs in the and all the uh the even the drive-by is so excited, they can't wait to report the good news, but even they are reporting that the labor force participation rate, number of jobs out there, is continuing to dwindle, and most of the jobs being created are low wage.
But none of that's gonna matter.
None of it's gonna matter, and I don't want to be in I told you so, but way back last year, even recently, toward the end of last year, this being an election year, I predicted, but you knew.
You knew what was going to happen when this year started.
You knew that the uh statistics are that no president has ever been re-elected when the unemployment rate's over eight percent.
So guess what it's gonna be by the time we get to election day.
Just that simple.
How are you, folks?
Great to have you here at Super Bowl Friday, and uh, although I haven't officially set it up, I did get a uh a confirmation note back from the Hutch about a half hour ago.
We are going to talk a little Super Bowl with Ken Hutcherson in the last hour today.
So I think you know, he loves being on this show so much he's never thrown away the hotline number.
I think the hotline number is the number one number in his Rolodex, ahead of family, uh anything.
So I think he knows how to get hold of you.
If he doesn't, I'll hear about it in mere moments.
You know how to get a hold of him.
Oh, well, it's that academic snurdly knows how to get hold of him on his own.
Just like a good call screener should.
Telephone numbers 800 282-2882, the email address L Rushball at EIBNet.com.
Great to have you here.
Open line Friday.
You get to talk about what you want.
The one day of the week.
Doesn't matter what I want to talk about when we go to the phones, it's your show.
The numbers are December, the number of jobs in this country.
This is from the Bureau of Label Labor Statistics on table today.
They do the unemployment numbers.
It's I think it's I remember table five.
Number of jobs in December, 132 million, nine hundred and fifty-two thousand.
The number of jobs in January, one hundred and thirty million four hundred.
So they're actually two and a half million fewer people working in January than there were in December.
But those are raw numbers.
That's before the seasonal adjustment takes place.
Table B1 is where this is from the BLS numbers.
I'm not taking issue with it.
Don't it seems like the um the statistical formula that's that that's used given what they're trying to accomplish makes sense.
All I know is all I know is that the raw number is down two and a half million jobs.
It's and I'm not making it up, and it's not a drive-by story, and it's not some Looney Tune blog.
It's the government.
The Bureau of Labor Statistics.
Tyler Durden at Zero Hedge.
Great news from today's BLS report, right?
Uh Wrong, he says.
As is well known, banks have been firing workers left and right.
These are the jobs that actually matter in the grand withholding taxes scheme of things, yet somebody's getting hired, supposedly.
Well, as we suggested before the non-farm payroll report, which is what's being reported today.
This is merely rotation from high paying jobs to low wage jobs.
No, it's not our words.
That's what CRT Capital says per Bloomberg, about 113,000 of the non-farm payroll gain from low wage jobs, David Ader.
Strategist at CRT Capital Group, we sent a note out to investors.
Additionally, we didn't see the drop in courier and messengers as expected.
Christmas, they all they hire all kinds of couriers and messengers to take gifts all over the place in the cities.
We didn't see the drop in those jobs that normally you get.
So the regime is still counting them.
Probably will get them next week during the adjustment that nobody pays attention to.
Long-term stress remains at the U6 measure.
That's 15.1%, and that's the combined total of people who've given up looking for work.
Remember, the unemployment number is people still looking for work and can't find any.
Up to 99 weeks of unemployment, maybe a little longer, but the U6 is everybody, including those have quit.
It's 15.1%, and the unemployment rate for blacks 13.6 for teenagers 23.2%, and for Hispanics, 10.5%.
And yet, everybody Harp and Owen Romney for not caring about the poor, and it's Obama's regime that has these numbers.
Now, more from uh Tyler Durden at uh Zero Hedge.
A month ago we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is crush the labor force participation rate down to 55%, meaning the universe of jobs.
And it looks like the good folks at the Bureau of Labor Statistics hurt us.
It appears that the people not in the labor force, the number not in the number of jobs not available to be filled, exploded by an unprecedented record number of 1.2 million.
That's not a typo.
1.2 million people dropped out of the labor force in one month.
That's part of this two and a half million.
Fewer jobs.
Are you hearing me on this, folks?
It is corrupt as it can be.
But but well, now wait a minute, though.
There's nothing new here in the seasonal adjustment.
I'm just normally we never talk raw numbers.
Nobody ever reports or talks about raw numbers.
I happen to see today the raw numbers, and that's got that's little red flags are going up.
My curiosity is being peaked here.
And then I see that the labor force participation rate, 1.2 million people dropped out of the labor force in one month, and it happens to be December to January.
So as the labor force increased from 153.9 million to 154.4 million, the non-institutional population increased by 242.3 million, meaning those not in the labor force surged from 86.7 million to 87.9, which means the civilian labor force tumbled to a fresh 30-year low of 63.7.
That means the number of people working and looking is just 63% of our population.
And it's when you take those numbers or when you shrink the labor force, you are reducing the overall universe of jobs, and therefore the unemployment rate can do nothing but come down.
It can do nothing but fall when you reduce the universe number that employed and unemployed are being measured against.
Now, we noted the other day, the Congressional Budget Office does not forget their report.
We're looking at 1% economic growth in 2013, 2.2% economic growth this year.
And the CBO report that we had admits that the labor force numbers are skewing the real unemployment number down.
That was part of their report that we told you about, I think on Wednesday.
And if it were more accurate, the unemployment rate would be one point two uh 1.25% higher than it currently figures to be.
This is what we it's all in the story that we had on Wednesday.
Ought to go back to the archives and get it.
But the CBO explained all of this.
And they said if the if the labor force participation rate doesn't decrease, if they don't reduce it, then add 1.25% to 8.3.
And you have a 9.5% unemployment number today.
And a 15, actually 16% unemployment rate U6.
Now that's not the only good news.
That's not the only good.
Look at the look at this.
This is from uh outfit called a partnership for strong communities.
Report finds marginal declines in U.S. homelessness.
Folks, this is a scoop.
Since this miracle has not been reported anywhere else that I have seen, we are supposed to believe here that the number of homeless went down from 2009 to 2011, which just happens to coincide with the time Obama's been in the White House.
A new report from the National Alliance who end homelessness shows that a nationwide 1% decrease in homelessness.
Although the National Alliance who end homelessness notes, this is not indicative of a permanent trend.
Nope, we had a Republican back in the White House.
Homelessness will shoot right back up.
The state of homelessness in America 2012 used data from the U.S. Department of Housing and Urban Development's collection of points in time homeless counts gathered from all the states from 2009 to 2011.
And the report showed a nationwide 1% decrease in homelessness.
You know what's bogus about this?
We don't know.
Remember the homeless census that we had to do back when, for you youngins, there used to be a guy by the name of Mitch Snyder.
For the some in Washington, Committee Coalition for Nonviolence.
Martin Sheen, a big supporter.
Martin Sheen would go to Washington now and then in a cold winter night, and he'd kick a homeless guy off his sewer grate, and Martin Sheen would sleep on it to show solidarity with the freezing homeless and a lot of celebrities, and then they'd have homeless dinners where they'd eat cardboard or some such thing, And then after it was over, then they go chow down somewhere.
And they pegged the number of homeless at 3 million for years.
Thank you.
Decades, three million, and nobody ever knew.
It was a wild guess.
The media ran with it.
There was no authority for it, no source authority.
Finally, they decided to do a homeless census, and what a boondoggle that was.
They sent government census type people into the worst neighborhoods in the country to try to count the homeless sleeping in cardboard boxes.
The homeless, of course, for violent people in many cases, and these census takers got scared.
The number they came up with, if I recall was about 750,000.
Now, this was in the late 80s, early 90s.
That was when this was hot and heavy.
And the oh, I'm gonna get to that, snurdly.
I found a blog.
Guy has some of the greatest questions in the world to ask if the economy doing so great, and if there are this many jobs being created, then why X?
How can there be record foreclosures going on if the economy doing so great and if all these jobs are being we'll get to that.
We got lots to do today here on open line Friday.
Anyway, homelessness is declining.
It's all coming up rose.
It's an election year, and Obama's out there at prayer breakfast yesterday said Jesus would be supporting his idea to tax the rich.
He's out there actually suggesting that Jesus would be supporting the taxing of the rich.
Now, did Obama say Jesus was the right unemployment rate?
Obama say Jesus was right when it comes to unemployment.
I didn't hear him mention Jesus in unemployment.
But Jesus is advising Obama on the tax rate.
Did Obama say that Jesus thought what Jesus thought was the right unemployment rate?
I didn't hear that.
What is the correct unemployment?
If Jesus is advising Obama on the tax.
Oh, and the Susan G. Coleman Bunch, the race for the cure.
They have caved big time to the Feminazis at Planned Parenthood.
It is stunning.
Yesterday everybody was holding firm.
And today, Nancy Brinker, who runs the Susan Coleman, I think it was her sister.
Just big time cave.
Big time.
I mean, abortion is the sacrament to the religion of liberalism.
And nobody is going to mess with that money, money's flow, nobody's gonna mess with that pile of money, nobody's gonna mess with that at all.
I gotta take a break here, folks.
Um, I of course was all over the audio sound bites.
But I'm gonna show me from the floor of the House of Representatives to all over the country.
Talking about L. Rushboy, my bill passed, Louis Gomert.
Congressman Texas actually took a bill to the floor of the House to eliminate baseline budgeting, and it passed the House of Representatives.
Three cheers for Louis Gomer.
Baseline, and on the floor of the House when Louie is talking about his bill.
He credits me for even explaining what it was before he ran for Congress.
That soundbite, all kinds of stuff coming up as we continue to celebrate all of the great jobs being created.
But remember again, the raw numbers, 132,952,000 people working in December, 130,456,000 in January, two and a half million fewer jobs in January than December, and the unemployment rate went down.
We are back.
It's open line Friday.
Grab audio soundbite 2425.
I uh just got these.
This Obama is in Arlington, Virginia.
He is at fire station number five.
You know what I heard him say today.
He said to small businesses, and sorry, he said to local communities.
Why don't you hear some of these veterans are coming home as cops and firm?
And that, ladies and gentlemen, is a wonderful illustration.
Obama's got no problem laying off eighty thousand soldiers.
He will not lay off any cops or firemen, but 80,000 soldiers fine.
Now they're coming home, and he wants the local communities to hire them as cops and so forth.
That's right, downsize the military.
Now, here's Obama.
He's in Arlington, Virginia, fire station number five.
We got two sound bites, and here's the first one.
This morning we received more good news about our cotton.
In January, American businesses added another 257,000 jobs.
The unemployment rate came down because more people found work.
And altogether we've added 3.7 million new jobs over the last 23 months.
All I can tell you is every word of this was predictable.
You knew this was coming.
So hang in there and be tough and don't get depressed.
Obama keeps complaining about the high unemployment Rate of veterans.
What's causing that?
Who's causing that?
Why it why is Obama complaining about the high unemployment rate of anybody when he's out there touting all these new jobs being created?
Here's the second soundbite Obama, Arlington, Virginia, Fire Station 5.
These numbers will go up and down in the coming months.
And there's still far too many Americans who need a job or need a job that pays better than the one they have now.
But the economy is growing stronger.
The recovery is speeding up.
And we've got to do everything in our power to keep it going.
We can't go back to the policies that led to the recession.
And we can't let Washington stand in the way of our recovery.
So I want to send a clear message to Congress.
Do not slow down the recovery that we're on.
Don't muck it up.
Keep it moving in the right direction.
Obama warning Republicans, don't muck up the economy.
We gotta keep it going.
We can't go back to the Bush years, the policies that led to the recession.
Now back to these numbers.
45 seconds here to try to squeeze this in.
The non-seasonally adjusted numbers say that the economy lost 2.5 million jobs December to January.
Those are the raw numbers I just gave you.
But the Bureau of Labor Statistics is saying, using seasonally adjusted numbers, that the number of jobs increased by 200, what, 33,000, 43,000, whatever it is.
That's a that's a difference of 2,739,000 jobs.
That is one heck of a difference.
How do you seasonally adjust 2,700,000 jobs?
The raw number and the seasonal adjustment.
I'm sorry, I don't understand how they get there.
Hi.
How are you?
It's welcome back, Rush Limbaugh, the Excellence and Broadcasting Network, telephone number 800-282-2882.
It's open line Friday.
Lots to do here.
I want to break away from these numbers for a second.
I want to talk about the Susan G. Coleman flap along with Planned Parenthood.
This is a teachable moment.
It is an interesting illustration.
I'm going to get myself in trouble with people here.
But what is new about that?
Catherine Jean Lopez, a National Review Online, she's the editor of their blog, The Corner, has a post titled from Pink Ribbon to White Flag.
Only thing that seems clear is that Coleman is desperately trying to make the campaign to kill Coleman stop.
Planned Parenthood wants the Susan G. Coleman people, which is a charity to re to wipe out breast cancer, raise money for breast cancer.
And by the way, is nobody's talking about the relationship to breast cancer of abortion.
It's been medically documented.
There is a relationship between abortion and breast cancer.
And notice how nobody wants to talk about this.
I don't even know if that's part of Coleman's decision making, original decision making to defund Planned Parenthood or to stop donating Planned Parenthood.
Any rate, the Planned Parenthood Feminazes heard about that, and they went ballistic and they went nuclear because nobody, particularly a female-oriented charity like Coleman, is gonna stop or interrupt the money flow to the pro-abortion mill industry.
There's too much money being made with all these abortions taking place, and nobody's gonna get in the way and interrupt that.
So they went nuclear on them.
And what Planned Parenthood was attempting to do was take Coleman out.
They were gonna kill it.
And so the people at Susan G. Coaster, well, we don't want to be killed here by the venom that has been aimed at them from Planned Parenthood.
But here's the truth, and Catherine G. Lopez points this out.
Komen, Susan G. Komen, the group, of course, has never said this week, quote, we'll never do business with Planned Parenthood again.
A lot of people would like them to.
But nobody's under any delusions here.
But Susan G. Coleman Group never said they wouldn't do business with Planned Parenthood.
And in the statement that came out today from Nancy Brinker, who runs Susan G. Coleman, they appear to be somewhat consistent.
Maybe.
They've tightened fundraising guidelines, and this Planned Parenthood didn't look eligible, but that doesn't mean Planned Parenthood necessarily will not get grants in the future.
Ezra Klein, the Wonderkin blogger at the Washington Post said, so they are perhaps backing down, meaning Coleman, or perhaps not.
But here's the thing.
The people that run the Susan G. Coman Foundation had no idea what they were in for.
That is obvious.
They had no idea.
Here they are, breast cancer foundation doing the Lord's work, raising money for research into breast cancer.
They look at Planned Parenthood.
They're tightening their guidelines on fundraising and funding, and Planned Parenthood didn't look eligible according to their own guidelines, so they pulled back.
And all hell broke loose.
Why?
Because they don't understand liberals.
Now, Nancy Brinker, you may have heard her name.
Nancy Brinker is a Republican.
Nancy Brinker was some sort of ambassador.
Well, she was.
She was an ambassador during the Bush 43 administration.
She was, I think, the protocol secretary for the last two years of Bush 43.
Meaning, what's the protocol when you have a state in here?
What's the protocol when Kim Jong il comes?
What's the pressure?
She was the director of protocol.
She this group is made up of a lot of people from across the ideological spectrum, but they're not conservatives.
They are establishment Rhino Republican types.
And they had no clue.
They were clueless.
They had no idea what they were in for doing this.
They had no ideological understanding or awareness of who and what Planned Parenthood is.
I just find that fascinating.
In this day and age, I know this is going to be reported as I'm ripping Nancy Bringer and Coma, and I'm not.
I'm just making an observation.
I'm stunned.
I'm stunned, is all, that this kind of realization that they wouldn't know what they were in for by telling Planned Parenthood, you know what?
You may not fit our funding guidelines.
You're going to pull back and assess this.
And a bunch of libs who only know how to get money by siphoning it from other people, see a significant portion of their financial flow interrupted, and okay, time to take out that bunch.
So hopefully it was a learning experience out there.
Then there's this.
This is from Wisconsin reporter.
And it we're going back to unemployment news here.
The Quincy Journal, the Quincy Journal.com out of Madison, Wisconsin, labor unions' strength lies in numbers.
A new report indicates that unions' most powerful days may be behind them.
This is a story about union membership in Wisconsin dwindling.
Membership in organized labor unions dropped last year in Wisconsin by 16,000, according to the latest data from the Bureau of Labor Statistics.
That left 13.3% of the employed population represented by unions down from 14.2% in 2010.
Now, what could explain this?
I mean, if we've got all of this great job creation going on, all these employment numbers rational.
Look at what 200 and some odd thousand new jobs at Wisconsin.
Union jobs are decreasing, union membership is decreasing.
What's going on?
Does it might have anything to do with what Scott Walker is doing?
Might it have something to do with the fact that the people of Wisconsin have been educated now about what they are paying government union members in Wisconsin, how much more government union employees make than private sector people in Wisconsin, the people who pay them?
Could it be because there are less jobs?
There are fewer, could it be because we aren't creating new jobs?
Could it be that union membership in Wisconsin is down because the number of jobs available is down?
When you look at raw data, which is one point today, you look at raw data in states or in communities or something that is narrowly focused as union membership, you don't see numbers that would correspond with the unemployment news that's been coming out the last couple three months from Washington.
Washington's telling us all these jobs are being created, and you look around the country, banks are laying people off now, union membership in Wisconsin is down.
The raw numbers from December to January, two point five million jobs in December.
In January, 2.5 million fewer jobs in January than December.
You know, that's right.
That's absolutely uh Obama honored Nancy Brinker in August of 2009 with the Presidential Medal of Freedom.
That is the highest civilian honor that can be given.
Nancy Bringer Brinker, who runs the Susan G. Coleman Foundation, Obama awarded her the Medal of Freeman.
Now today she's a Nazi.
Now she's a Nazi, according to the people at Planned Parenthood.
Now the Coleman people only stopped funding Planned Parenthood because they're under investigation.
It's in their guidelines that they don't contribute to organizations that are under investigation.
They didn't say they were pulling out as a matter of principle.
They didn't say they're pulling out because they don't agree with abortion, because frankly, don't think it's a problem with them.
This is strictly they've got guidelines.
We're not going to donate to the groups that are under under investigation.
And then so Planned Parenthood puts Coleman in the crosshairs out to kill them.
And the people at Coleman's heads are spinning, not having the slightest clue, which simply amazes me.
But it's quite instructive, is it not?
If the economy is improving, if the economy is getting better, why did new home sales in the United States hit a brand new all-time record low during 2011?
If the economy, and there are links, web links to every fact here that take you to the source authority.
If the economy is getting better, why are there six million fewer jobs in America today than there were before the recession started?
That's the uh labor force participation rate.
That is they just subtracted 1.2 million jobs from the labor force participation rate from December to January.
It's in the BLS numbers today.
Just okay, you know what?
Tell you what, I just decided 1.2 fewer jobs out there than there were in December.
Make it happen.
So it happened.
And a total number of fewer jobs since the recession started six million.
If the economy is getting better, how can that be?
If the economy is getting better, why is the average duration of unemployment in this country close to an all-time record high?
All of these are facts.
I got web links to every one of these.
This stuff comes from a blog called the Economic CollapseBlog.com.
Guy, the blogger's name is David.
He likes his anonymity.
That's all I know about the guy.
But I checked it out, and all these doesn't matter.
Doesn't matter who this guy is.
Every one of these questions with facts is Linked to Source Authority.
The economy is getting better.
Why has the number of homeless female veterans more than doubled?
Now we got this obscure group saying that homelessness declined, but the number of homeless female veterans has more than doubled.
If the economy is getting better, why has the number of Americans on food stamps increased by three million since this time last year and by more than 14 million since Obama entered the White House?
14 million people on food stamps today that were not on food stamps when Obama was emaculated.
There's a blogger, Iowa Hawk, David, what's his name, Burge?
Anyway, he's got a stat that for every three Americans working, one person is on food stamps.
For every three Americans working, there's one person on food stamps.
I think I'll have to check it during the break, but I think that's right.
That's as low as it's ever been.
Every three people working, there's one on food stamps.
That's shocking.
And 14 million new food stamp users since Obama was emaculated.
How can the economy be getting better?
If the economy's getting better, why has the number of children living in poverty in America risen for four years in a row?
If the economy is getting better, then why is the percentage of Americans living in extreme poverty at an all-time high?
If the economy is getting better, why is the Federal Housing Administration on the verge of a financial collapse?
I'm halfway through this list of questions.
Back we are on the cutting edge of societal evolution.
For every three people working, one American is on food stamps.
And I think counting the entire population, one out of every seven people is on food stamps.
one out of every three working.
If the economy is getting better, then why do only 23% of American companies plan to hire more employees this year?
Remember now, this is from the Economic Collapse blog, and every one of these questions is linked to source authority for the assertion.
So if the economy is getting better, why do only 23% of American companies plan to hire more employees in 2012?
The economy's getting better.
Why has the number of self-employed Americans fallen more than two million since 2006?
If the economy is getting better, why did an all-time record low percentage of U.S. teenagers have a job last summer?
If the economy is getting better, then why does median household income keep declining?
Overall, median household income in the U.S. has declined by a total of 6.8% since December 2007, once you account for inflation.
If the economy is getting better, then why has the number of Americans living below the poverty line increased by 10 million since 2006?
If the economy is getting better, why is the average age of a vehicle in America now sitting at an all-time high?
And you know what it is is 10.8 years.
How old is your car, Rachel?
Seven years.
Three more years, you'll be right there at the national average.
If the economy is getting better, why is the average age of a car now sitting at an all-time high?
If the economy's getting better, why are 18% of all homes in the state of Florida currently sitting vacant?
18% of all homes in Florida are vacant.
If the economy is getting better, why are 19% of all American men between the age of 25 and 34 living with their parents.
Now, there could be another answer for that.
The chicken of our culture could be playing a role in that.
In fact, these guys just have, yeah, of course I'm going to talk about Trump endorsing Romney.
I knew what it was.
Yes, in fact, they've been working on this for months, I found out.
They've been working on this behind the scenes for months.
And I got when we get to the sound bites, there's all kinds of people that say that Romney did this.
You'll hear it coming up.
Romney or Romney accepted Trump's endorsement in order to get me and Palin on board.
Two or three different two sound bites I have.
All coming up.
If the economy is getting better, why does the number of long-term unemployed workers stay so high?
When Obama took office, the number of long-term unemployed workers in the country was about 2.6 million.
Today, 5.6 million.
Three million additional long-term unemployed workers since Obama.
How can that be if the economy is getting better?
Washington Times take on the numbers.
The big drop in unemployment rate recent months is due, economists say, because of young people dropping out of the labor market as it is the result of businesses adding jobs.
In fact, it's more related, and the number of the unemployment rate is more tied to people leaving the labor force than it is tied to businesses adding jobs.
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