CNBC’s Rick Santelli on the Obama Job Recovery (Obamanomics) … Blasts Liberal Media’s “Ostrich Economics”

 

MORE MSM BIAS … CARRYING THE WATER FOR BARACK OBAMA …

CNBC’s Rick Santelli provides a lesson in telling the truth to the liberal main stream media regarding the disastrous Barack Obama jobs numbers. Santelli blasted the MSM for purposely and willfully misleading the American public by just saying that the unemployment rate was reduced to 8.1%. Santelli dubbed it “Ostrich Economics”. Honestly, it is criminal what the liberal MSM is doing and shilling for Barack Obama and his failed Obamanomics.  The media complacency and yes, conspiracy, of continuing to carry the water for Obama is an outrage. Does anyone think that the MSM would be so quiet and not investigating the details of the numbers if this terrible job recovery was taking place under George W. Bush or any other Republican President?

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 regional news shows were reporting on just the unemployment rate. That’s “ostrich economics.”

The MSM will lie, cheat and steal so to see Barack Obama win reelection in 2012. Look for the unemployment rate to go below 8% leading up to the 2012 reelection and the MSM touting it as a success for Obama, when the reality is that there are a record number of Americans no longer in the work force.

Sorry, but the real unemployment rate as reported at Zero Hedge in the United States is 11.6%. Anyone think that Barack Obama and his shills in the MSM would ever report that?

The implication is simple: using a real labor force participation rate long-term average of 65.8%, the real unemployment rate in April was 11.6%, based on the 5.4 million additional workers that should be counted as part of the U-3 which then means that the real number of unemployed is not 12.5 million but 17.9 million, which in turn implies a 11.6% unemployment rate in the US. This also means that the spread between the propaganda, and the real number is now 3.5%: the most it has been since the early 1980s.



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  • Comments

    5 Responses to “CNBC’s Rick Santelli on the Obama Job Recovery (Obamanomics) … Blasts Liberal Media’s “Ostrich Economics””

    1. A Texas Grandfather on May 5th, 2012 10:22 am

      This administration is doing the same things that FDR did in order to hide the truth from the people.

      One of the posters on the article yesterday stated that people in Tennessee were being turned away from the agency that handles unemployment so their claims could not be a part of the current reporting. Multiply that by the number of states and the number gets to be large.

      The socialist style government promoted by the liberal Democrats for a hundred years has finally reached its culmination. Socialism has been a complete failure wherever it has been tried. It is a failure in the United states as well.

      Socialism destroys the dignity of man and leads to a life of slavery to the government. The destruction of all socialist activities in our country should become the ideal for the people.

    2. Tamikosmom on May 5th, 2012 10:34 am

      The MSM will lie, cheat and steal so to see Barack Obama win reelection in 2012. Look for the unemployment rate to go below 8% leading up to the 2012 reelection and the MSM touting it as a success for Obama, when the reality is that there are a record number of Americans no longer in the work force.

      Posted May 5, 2012 by Scared Monkeys

      +++++++

      Isaiah 5:20
      What sorrow for those who say that evil is good and good is evil, that dark is light and light is dark, that bitter is sweet and sweet is bitter.

      Matthew 24:24
      For false messiahs and false prophets will rise up and perform great signs and wonders so as to deceive, if possible, even God’s chosen ones.

    3. Weekend Link Love: Beastie Boys Edition (RIP MCA) | All American Blogger on May 5th, 2012 2:08 pm

      [...] Scared Monkeys: CNBC’s Rick Santelli on the Obama Job Recovery (Obamanomics) … Blasts Liberal Media’s “Ostrich Economics” [...]

    4. Rasmussen: Mitt Romney 50% – Barack Obama 42% … Hardly Good Polling Numbers for an Incumbent President | Scared Monkeys on May 12th, 2012 4:34 pm

      [...] of the US seals killing Bin Laden, Obama’s recent flip-flopping on gay marriage and the poor jobs number for April … Obama finds himself in a world of trouble. Not to mention that before the 2012 election, [...]

    5. So How Does Obama’s Young Illegal Immigrants’ Amnesty Affect Competition for Jobs & College With Legal Americans? | Scared Monkeys on June 17th, 2012 9:47 am

      [...] illegals descend up[on the US employment market? As stated at Hot Air, with unemployment at 8.2%, the civilian participation rate at near record lows and the US not even being able to create enough jobs to keep up with population [...]

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