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Oct. 5, 2012 - Rush Limbaugh Program
36:36
October 5, 2012, Friday, Hour #1
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Welcome to today's edition of the Rush 24-7 Podcast.
Greetings, my friends, and welcome.
Broadcast excellence all yours, L. Rush Ball behind the golden EIB microphone on Friday.
Live from the Southern Command in Sunny South Florida.
It's open line Friday.
And greetings once again.
Great to have you here, my friends, 800-282-2882.
If you want to be on the program, the email address L Rushball at EIB net.com.
There you have it, folks.
The economy's back.
The stimulus worked.
The job council's programs all worked.
Obama care worked.
Look at all the job.
A hundred and fourteen thousand new jobs created.
And as I told you last December, this would happen.
The unemployment rate under 8%.
It's 7.9, but it doesn't matter.
7.8, 7.9.
Whatever's after the decimal point doesn't matter.
It's the seven that matters.
And the reason it does is that no incumbent president has ever been re-elected with the unemployment rate over 8%.
That's simple.
So they had to get the number down and they found a way to do it.
I'm just going back to um my website.
I went back and searched the archives just for three examples of predicting this very day.
And right here they are.
First December 20th of 2011.
That's how the program started.
Let me tell you something, folks.
The Washington Post, I think it's them, had a poll out today that shows Obama's approval numbers are coming back.
And I want to remind you, I have warned you this kind of thing's going to happen.
The unemployment rate is going to drop.
It's going to get close to 8% by next November.
Mark my words, that's in the can.
It's in the cards.
Obama's approval numbers now up five points over the last three months.
Not sure of the time frame, but it's up the highest since last summer, and this is being heralded.
That's last December.
In uh August of this year.
Let me get this let me get the May, actually.
Uh May of this year.
Well, here we are again, ladies and gentlemen.
The unemployment rate's gone down, and I have finally figured it out.
While you might think I'm saying this to be funny, and I am naturally funny guy, not trying to be funny here.
Obama has decided the only way to lower the unemployment rate is to kill off jobs.
The unemployment rate went down one-tenth of a percent, down to 8.1%, but the number of people who left the labor force at an all-time high, and that happened again this time.
People left the labor force.
They also, for this report, they looked at the household number versus the establishment number.
Now we've mentioned this a couple times before.
The establishment number is somewhat scientifically based.
That's 114,000 jobs that were created last month.
In Octo uh uh uh September.
As a point of comparison, 163,000 jobs are created in July.
So 163,000 in July, 114,000 this.
That's not even enough jobs to keep up with the population rate.
The only way that 114,000 new jobs can lower the unemployment rate is if people are not in the workforce by even greater numbers.
If the labor market is shrinking, the overall universe of jobs called the labor force participation rate is shrinking.
The number of people in the labor force shrinks the only way you can make this happen.
That number is 114,000.
A household number, and that's just what it's called, is the wild guess.
The house just a wild guess, and that number last month was eight hundred and seventy-three thousand.
So that's what they're using.
They report both numbers.
114,000 jobs created, 873,000 before the adjustments and so forth, but they're using it.
And they're finagling with the labor force participation rate.
The U6 number, that's that's counts everybody.
People who have given up looking for a job and don't have one.
In addition to people who are still looking for a job and don't have one, that number is still 14.7%, and it's been that way for years.
If the labor force participation rate, in other words, if the same number of jobs were available to be had today as when Obama was immaculated, the unemployment rate would be around 11% instead of 7.9.
This is how you lower the percentage.
You simply lower the number of people looking.
And in order to do this, that they've basically said that there are 1.1 million fewer jobs, period to have.
They just eliminated 1.1 million jobs this year so far.
It's no different than Obama declaring the temperature going to be 75 degrees every day, no matter what your thermometer says.
It's the best way I can think of describing this to you.
Every day it's 75 and sunny, no matter what's happening outside.
And then in August, predicted again.
Washington Post random act of journalism, U.S. economy lost 1.2 million jobs in July.
And I again predicted back in August they'd have the unemployment rate down below seven or maybe eight percent.
And all of these predictions, all these show, we've we've we've put them up at the uh top of the page at rushlimbaugh.com.
If you want to go back and look at them yourself, go back to the archives.
I told I told Coco, go get them put because Brad Thor, the noted thriller author, actually tweeted the May 4th story today.
He actually tweeted the headline, Obama's Orwellian unemployment numbers for my show on May 4th.
So I gave me the idea, just go back and find them all.
Or just three of them to uh to illustrate the uh illustrate the point.
So what we're being told here is that thanks to a measly 114,000 jobs, the unemployment rate for September fell from 8.3 to 7.8.
That's a full half a percentage point.
Meanwhile, manufacturing jobs down six and a half percent last month.
There's no evidence of any job creation.
You'd sense it, you would know it.
You you would feel it.
I had somebody said to me, does this feel like Reagan in 1983 when it really created?
Who remembers 1983?
People remembered 1983, Obama would have never been elected.
If people remembered how great the Reagan years were, Obama wouldn't have Clinton wouldn't have been re-elected for crying out loud.
No liberal would.
That's a bone of contention frustration with me.
One other thing, full-time and part-time jobs are counted as uh jobs.
So given that so many of the supposed jobs being created today are part-time jobs, and that is the vast majority of them, and that's what the government's saying, even.
If if you believe this bunk, then what we have to conclude is that America, we are now a nation of part-time jobs where you don't have health care, which is exactly what Obama wants, by the way, because then you're gonna have to go to the government at some point where they'll only be the government to go to to get health care if he has his way.
So this is your future.
This is what a recovery looks like.
A nation of part-time jobs.
Another friend of me of mine said, you know, get after the election, they'll fix the numbers, they'll make them right.
I said, I'm not so sure.
If Obama wins, I think this is the new norm.
7.9, 8.3, most of it part-time, everybody living on the state's dole.
Look, folks, if if why why would Obama want to go back to 4.7% employment?
Unemployment.
That that's people don't need the government.
That's people self-reliant.
Why would he want that?
This is this is he doesn't care about more.
What do you mean he gets more money?
Government gets more money.
He doesn't care about.
I can't believe what I'm hearing.
Somebody just said to me, well, Obama wants to expand the tax base or there are more taxpayers, so there's more money to the treasure.
He doesn't care a rat's ass about money to the treasure.
If he did, he wouldn't borrow five and a half trillion and run the national debt up to a record.
He wouldn't keep printing money.
He doesn't care about money coming.
He doesn't care about deficits.
It's like he's on the campaign trail again today.
He's out in Virginia.
And he's telling this lie that Romney doesn't know that there's a tax break for outsourcing jobs.
There isn't.
But even if there were.
He's been president for four years.
Why hasn't he fixed it?
He had a Democrat Congress for two years.
And I'm watching the mind-numbed robots sitting behind Obama at his campaign appearance as he's in Fairfax.
And there's this there's this white-haired seasoned citizen smiling big time.
And I'm thinking, you're the biggest idiot I've seen today, lady.
Nothing to laugh about.
There's nothing to smile about.
You're sitting there behind a guy, it's a pathological liar.
Tell him all this bow hunk about Romney.
Okay, let's just assume that there is a tax break for outsourcing.
And that Romney doesn't know about it.
There isn't.
It's another he's and he's continuing with the lie that Romney wants to cut taxes for the rich to the tune of five trillion.
He's back to that.
How many times in the debate Romney deny it?
Three times.
So it doesn't matter.
Anyway, if there's a tax break for outsourcing jobs, then why the hell haven't you done anything about it?
You've been president for four years.
You little Linskyite.
What do you mean sitting there complaining about things like you haven't had anything to do with anything the last four years?
And you can extrapolate that to virtually everything that he's complaining about.
He's complaining about jobs, he's complaining about whatever.
Well, you've been president for four years.
What what the hell?
Gets away with it, though.
Grab audio soundbite number 27.
Here is Obama.
It's a George Mason University.
Campaign rally warning us not to talk down the economy.
Today's news certainly is not an excuse to try to talk down the economy to score a few political points.
It's a reminder that this country has come too far to turn back now.
Because of your strength and resilience, the strength and resilience of the American people.
We've made too much progress to return to the policies that led to the crisis in the first place.
I can't allow that to happen.
I won't allow that to happen, and that is why I'm running for a second term as president of the United States.
Right, all right.
Today's news certainly not an excuse to try to talk down the economy to score.
So I want everybody to go ahead and promote the lie that my government put out today that uh unemployment fell 7.8%.
Don't talk it down.
Recovery's too important.
What crisis?
We made too much progress to return to the policies that led to the crisis in the first place.
He's been president for four years.
He's in the crisis.
Uh, folks, I'm blown the face.
And I mean, I I don't I don't want to I don't want to dispare you, but someone's gonna have to admit here, or at least, if not asmit, somewhere gonna have to acknowledge.
You're honored how many people believe what their government tells them.
This is not Obama.
Obama did not come out and announce an unemployment rate of 7.8%.
The government did.
You know how many Americans think the government doesn't lie to them?
The government.
In other words, I can sit here and all my brethren on the radio and Fox for the whole weekend, and we can explain how this 7.8% number, bogus and fraudulent.
There aren't enough of us to compete with it.
I uh might rely on they might like to tell ourselves, well, Rosh, the most people aren't gonna believe it because they're not living it.
Not that he's getting a new job.
They do, it's a part-time job.
There ain't any real job creation out there.
But Folks, remember when they were telling us there was a recession when there wasn't one.
2006, 2005, trying to crucify George W. Bush.
They got unemployment at 4.7, 4.8%.
We've recovered.
We got a gangbuster economy going.
The media is a recession out there.
People are hurting, people are suffering, gas prices going up a bit.
People thought, oh, I'm doing fine.
I don't understand.
Yeah, well, you don't travel to every neighborhood in your city, but that's some people hurt it.
Oh, really?
Yeah, okay.
Able to convince people that even though their lives were fine, there were millions suffering.
Well, if they can do it, then they can do it now.
If a majority of people are not experiencing rabid economic recovery and rapid job growth.
And are inclined not to believe that the unemployment news is good and has gone down to 7.8%.
Media's going to be out there every day telling it's getting better.
It's really, oh well, maybe it isn't for me yet, but I'm glad it is for other people.
This is a Herculean task.
People believe the government.
It's another problem we face.
They're the architect.
Government's the architect of most of the problems we've got.
They come out to create a program to fix problem.
in the process, make the problem worse.
The same people who created the problem and the recipe then come and say, "You know what?
We need a program to fix this." And nobody ever says, "You broke it!" People just say, yeah, we need a new program to fix it.
To the point that Republicans offer new entitlements.
Like Medicare Part Z, whatever the hell it was, I don't know.
So it's it's it's a Herculean task.
Or a Herculean task if you're in real.
And I know, and that's why.
That's why it falls to me.
114,000 jobs a month.
Does that sound good to you, Snerdley?
Why not?
114,000.
That's a lot of 114,000 jobs.
Do you know what?
That was when we were in a solid, steady upbeat economy in 1962.
That's the number of jobs you're creating.
Now you might say, well, 62, that's a long time.
That's precisely the point.
We're supposed to be at between 400 and 500,000 jobs a month just to start making progress on replacing the jobs lost since Obama took office.
114,000 a month doesn't even keep up with college graduates or people being born who are going to want a job in 18 years or I take that back, 25 years after living with mom and dad.
It's it's putrid.
And I must take a brief time out.
Don't go away.
Be right back.
And we are back, El Rushbow at 800-2882 and the email address, Lrushbo at EIBNet.com.
Let me run through just a couple other statistics.
And this is from our old buddy Jim Pefe Cookis at uh American Enterprise Institute.
1.1 million people have disappeared from the labor force during the past year.
1.1 million people.
Now, how does that happen?
The government just erases them.
Just assumes that those people aren't looking.
And when they assume that they're not looking, they also just subtract that many jobs.
If the universe of jobs continues to contract or get smaller, then there are fewer jobs to be had by an ever increasing number of people who want them.
Therefore, the unemployment rate's gonna go down.
And Obama is creating this by killing jobs.
That's how he's decided to get the unemployment rate down.
And to get it down below 8% is simply an historical statistical maneuver here, because no incumbents ever been re-elected with the unemployment rate below eight percent.
That's what the number of jobs in uh in September.
We were doing that monthly in 1962.
Fifty years ago.
114,000 people is the number of people that you can put in a large college football stadium, like the big house in Ann Arbor or Ohio State, 102 to 114,000 jobs.
We have 310 million people, over 100 million working age adults, and we just created barely over 2,000 jobs per state.
50 states, or 57, depending on who you're talking to.
And we reduce the unemployment rate by half a point.
Okay.
Fortunately, another obscene profits I'm out, my friends, but sit tight, we'll be right back.
Hi, welcome back.
Great to have you.
They are taking us for fools, folks, with all of this.
They're insulting our intelligence.
But you and I are not fools.
In any way, shape, manner, or form.
If the labor force participation rate had just stayed steady all year, the unemployment rate would be 8.4% today versus 8.3% in January.
If the labor force participation rate had stayed steady all year, meaning every month or two, the administration is just lopping off jobs from the jobs universe.
And I'm I'm I'm talking about two things here.
I'm not talking about just people stopping looking for work or people not finding work.
I'm talking about in your town, if there are businesses with a total of 100,000 jobs, the administration is deciding that today there are only 80,000 jobs available in your town.
They're guessing all of this is guesswork.
Some of it's estimated.
The household number is pure guesswork.
They make telephone calls to people.
The household number, this 800 some odd number thousand number, never gets reported other than when Democrats are in the White House.
They're just arbitrarily shrinking the labor force.
And they're and they're doing it on the basis of a slowing economy.
You don't do that in a growing economy.
You expand the number of jobs, and then you fill them.
And that equals economic growth.
What they are doing as they insult our intelligence to get their unemployment number at a more favorable rate is actually shrinking by virtue of their statistics, the number of available jobs in this country.
Now, this is let's see, what is this uh BLS?
What's the this is uh this is well Shazam, why this is today.
U.S. manufacturing has lost 38,000 jobs the last two months alone.
U.S. manufacturing has lost 38,000 jobs in the last two months.
Manufacturing, one of the bright spots that Obama has showcased through the campaign, fell 16,000 jobs after losing a revised 22,000 in August.
This is the regime reporting this today.
Everywhere you look, you hear about what is this uh the the Warren Act and the administration telling Lockheed withhold your layoff notices until after the election.
This has to do with sequestration and what's gonna happen.
The fact that you know the budget deal, the the expending the debt limit, the last negotiations, if they didn't agree to it and if they didn't get it done, then an automatic military cuts and automatic entitlement cuts.
Uh well, that's gonna happen, uh and and therefore the cuts will be in employment in defense contracting industries, and so a number of defense contractors because of this are automatically going to have to lay people off because of the federal budget cuts that are coming, and the regime has asked Lockheed to delay the layoff notices until after the election so that those people won't get mad and blame it on Obama.
And by the way, when the administration comes and asks you to do something in your defense contractor, it's not really a request.
They they show up with a chainsaw.
And they ask you how you like being a defense contractor.
So if the regime shows up and tells you they need some assistance here on delaying layoff.
All that aside, we're laying people off.
People are losing their jobs, and they're trying to tell us that the unemployment rate dropped a half percent.
By the way, I watched CNN today.
I watched their brilliant economic reporter, Alifish or whatever his name is.
And this guy was saying, now it's true in in previous months, uh the rate went down because the administration was actually killing jobs.
But did this this 114,000, this this today is real.
These are these are real jobs that have been really created by real people in real life.
This is not the same way it was been the past few months.
Okay.
So these 114,000 are genuine today.
Except that they're not.
But I'll tell you, folks, I'm blue in the face.
I I what did I do?
I've been saying the same thing since December of last year, since earlier than December.
December is just as far back as I decided to go.
And I've linked to it at Rush Limbaugh.com.
I don't know that people why do I think people don't get it?
Um, why do you think people aren't listening to you?
Oh, I I know all of you get it.
But I'm thinking of Obama phone in Cleveland, and I'm thinking she doesn't get it.
And I'm looking at these dorks sitting behind Obama today in Fairfax, applauding and this I'm sorry, folks.
I'm to the point where I don't think this guy ought to be getting one vote.
I am to the point where everybody in this country, I understand look it.
I know political realities, I know party loyalty, I know dependence, I know the welfare state.
I'm telling you, in my this is not it is a fantasy.
In my in my world, this guy doesn't get one vote in a country that respects itself.
Not one.
Not one why is belief.
Not one I'm just so I don't know that everybody's believing it.
In fact, there's it there is some encouraging polling news out there today.
Big time polling news.
Um look, there's other stuff too.
Um we we have soundbite coming up, uh proving a point that I said yesterday, the drive by's are running around.
Why didn't why'd Obama he'll Romney would do 47%?
Somebody here in a soundbite admits that's not only for an ad.
They don't intend to throw that out for an answer.
Of course, what did Romney do?
He went on TV last night and disavowed it.
I was wrong.
Oh no.
I told them how to deal with it yesterday.
The day before.
Anyway.
Yes, I'm ticked off.
I just I'm just ticked off a whole bunch of stuff.
I figured if everybody around me is gonna be negative, I'm gonna go ahead and be negative too.
Seems like it's the easiest way to get along with people.
Let's see, what else do I have here?
Yeah, you still have some other unemployment.
10.7% unemployment rate if the labor force participation rate was what it was when Obama took office.
10.7.
The U6, that's the real number.
That counts everybody that doesn't have a job, including if they're looking or if they've stopped looking.
And that is 14.7%.
Full employment is nowhere on the horizon.
There's nowhere out you can look as far as the eye can see, and at this rate, there is no concept of full employment.
At the rate of job creation That's happening right now.
And this highly heralded 114,000 jobs.
And again, I remind you, in July it was 163,000.
114,000 jobs created last month at that rate.
It'll take three more years to make up for the job losses in the recession alone, which ended in 2009.
Remember that too.
The recession ended in 2009, according to the regime in the summer of 2009.
So three years just to make up what we lost.
Bottom line is there's no growth.
Manufacturing orders dropped 5.2% in August.
Manufacturing orders.
This is factories and so forth where people in the middle class work.
This is news from yesterday.
The day before the unemployment rate drops.
What was it?
8.3 or 8.2?
What was it yesterday?
It was 8.2, and now it's now it's 7.8.4.
Not quite half a point.
Okay, it is open line Friday, and that means we try to get more of your phone calls in.
It's a try.
And we're going to do that again today as we always do, but now a brief timeout.
Sit tight, back with more after this.
And we're back.
Great to have you here.
I'm just looking at the sound bites.
I might want to play something.
I do want to play number two.
I want you to go back and grab audio summit number two, just keep it in uh in order.
And one thing I just printed out, Jim Patha Cucas, our old buddy Jim Pathocukas over at the American Enterprise Institute has just posted what he refers to as an eye-opening note from two economists, John Writing and Conrad De Quadros of RDQ Economics.
I'm assuming that writing and de quadros is the RDQ.
So it's a firm named after these guys who own it, which not for long in this economy.
Their point is that such a rapid decline in the unemployment rate would require four to five percent economic growth.
Job growth the way we're used to it, job growth, actual new people finding new jobs.
For that to happen, we would need an economy growing at this rate, four and a half percent, five percent.
And we don't have that.
We have an economy growing at 1.3%.
If that now, what it's this is all intended to do, folks.
This is all intended to create a false positive impression.
And it plays right into Obama's narrative that he just needs more time.
We can't change horses in the middle of the stream.
It's just now starting to work.
It took a little longer than we thought, but it's just now starting to work.
Why look where it's 7.8% unemployment?
Really?
What policies are working?
Obamacare.
Oh.
All these massive regulations.
What is it that's causing this job creation?
What policies?
Or what reduction in policies?
What reduction in regulation?
What is Obama doing that's causing this job growth?
Stimulus bill that was spent years ago?
Is it the massive debt?
What's he doing?
He doesn't have any policies.
He won't tell anybody what the next four years are going to be.
All he's doing is running around saying, we can't go back to what got us in this situation.
We can't go back to what created a crisis.
I'm not going to sit here.
It ain't gonna happen on my watch.
Nope.
No way.
And these mental midgets sitting there behind them, yeah, yeah, right on.
What?
Sorry, Diddle can.
I've got 15 switches I have to throw here just to get my damn voice on it.
It's a radio show.
So I want to know what policies are.
I want to know what's happening out there that caused this to happen.
Other than the fact that the Messiah is sitting there taking up space in a chair in the Oval Office.
Oh, sorry.
He never there anymore.
He's out on the campaign trail.
He doesn't have any pro-growth policies.
Obama doesn't want pro-growth of anything other than government.
So he needs more time to do what?
Raise taxes?
Unleash more regulations, more debt?
Do what?
Just now starting to work.
And all that's going to create more private sector jobs.
Now you know, by the way.
Now you know why the media go along with Obama.
Don't press him on issues.
Don't ask him to do press conferences.
Don't demand press conferences.
They don't hound him.
They want him out here making these claims, and then they simply amplify them.
He makes the claims, they repeat them.
They don't question anything he says.
They don't care he doesn't do press conference.
He can sure embarrass them when he doesn't show up for the debate.
But give him a day and oh, you know what the latest excuse of the debate is now?
Romney was telling so many lies that Obama couldn't keep up.
And he got uh uh brain locked up, try trying trying to keep up with all Romney's lies.
He got so many lies that he he he couldn't remember them all, and so he had basically what what we call a br a brain uh uh uh uh brain gas.
It just it just he locked and because he was so stymied by all the lies that Romney was telling.
He had a 90-minute brain gas, exactly right.
That's that's the latest excuse to blame Obamas.
Romney was telling so many lies at poor Obama, he just lost track and didn't didn't know which one to attack first, and as such, couldn't attack any of them because he it just it was it was in shock.
He was in shock.
Let me grab a quick phone call.
John in Indianapolis, open line Friday, and you are up first.
That's a big job because the first caller sets the tone for the rest of the day.
Well, Rush, I don't think you should be that tweaked or you know, mad at yourself.
I you gotta believe in us out here in the field.
You know, we Americans out here, we're not stupid people, and uh I think we understand uh I know, and I'm sick and tired of you being treated like you are.
I'm sick and tired of you being insulted, my intelligence being insulted, I'm sick and tired of it.
I know you're not fooled by this.
We understand the double A rating president, we understand the gas prices, we understand the drilling moratoriums, we understand the food prices.
And I think if uh Obama's gonna continue to do fundraisers on his private jet which costs eighty thousand dollars an hour to operate, I think he should talk in that voice that he used in that video I saw from what was it, 2007 from here on out.
What voice?
You know, the Southern voice.
The uh Oh, the Southern voice.
Yeah, that's other voice.
The uh the one that Hillary Clinton kind of used.
I think, you know, he should present himself in that fashion to we the people out here.
Well, I don't know.
It just I know this makes no sense, folks.
I I and I shouldn't let this bother me.
Uh uh some days I can't help it.
I I just I see an Obama rally, and if I see ten people applauding, I get so mad I can't see straight.
I start wondering, who are these people?
How dumb must they be?
How can our country survive these people?
can survive Obama, but we can't survive the people that would vote for him.
I d it see I uh I know intellectually why.
I mean, the people just gonna vote for a Democrat because he's a Democrat.
I understand that.
Vice versa for Republicans, and so forth.
Anyway, I gotta take a break here, my friends.
Um I'll I'll try to I'll try to get past my seething rage here uh for the next two hours and change course.
Greg Anthony, a former uh star of the National Basketball Association, and does some TV work at a former golf buddy of mine.
When I first moved down here to Palm Beach, uh played golf with uh with Greg Anthony and a and a close friend of his.
He's a great guy, and he has just endorsed Romney in an ad uh about unemployment in Nevada.
And I've got the audio of that ad.
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