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.
REST IN PEACE MARK HAINES
How very sad, CNBC anchor Mark Haines passed away Tuesday at the age of 65. Haines was the founding anchor of CNBC’s morning show “Squawk Box,” was co-anchor of the network’s “Squawk on the Street.” CNBC’s president Mark Hoffman called Haines a “building block” of the financial networks’ programming.
I have been watching since the early 90′s and there was not a day that went by that I did not watch Mark Haines in the morning on Squawk Box. As stated at the Daily Caller, what made Mark Haines so unique and appreciated was that he asked that questions that us regular folks asked, not the over educated and massive ego intellectuals did. Mark was one of us. Today, there was actually a moment of silence on the floor of the NY Stock Exchange in memory of Mark Haines.
CNBC President Mark Hoffman called Haines a “building block” of the financial network’s programming. Hoffman said Haines died at his home.
“With his searing wit, profound insight and piercing interview style, he was a constant and trusted presence in business news for more than 20 years,” Hoffman said in a statement to CNBC employees. “From the dotcom bubble to the tragic events of 9/11 to the depths of the financial crisis, Mark was always the unflappable pro.
“Mark loved CNBC and we loved him back. He will be deeply missed.”
Mark Haines was a master of mixing economic information and humor and providing unbiased numbers in a stock trading environment that all too often had an agenda.
Haines was well-known around the newsroom for giving his colleagues on-air nicknames. He was responsible for calling David Faber “The Brain,” Joe Kernen “The Kahuna” and Steve Liesman “The Professor.” If a colleague ever complained about it, he would respond, “What’s worth more, your name or the nickname?”
At such an uncertain economic time where jobs are needed to get the United States back on track, a voice like Mark Haines will most surely be missed. Who can forget the tearful good by of Mark Haines to CNBC’s co-host Erin Burnett. Now we say goodbye to Mark.