RUSH: It is amazing, folks. It’s once again amazing how we
were blatantly lied to in January and February about the unemployment numbers
and the overall economy. Blatantly lied to. And we’re being blatantly lied to
about whatever or not is happening in this Iranian deal to boot.
JOHNNY DONOVAN: And now, from sunny south Florida, it’s Open
Line Friday!
RUSH: And, of course, the piece de resistance, we are
being lied to about what’s happening in Indiana. Every day, every day we have
to devote time here to straightening out the lies that are told by the Democrat
Party and the president of the United States and every one of his rabid,
insane, lunatic supporters.
I mean, I’m happy to do it. But, for crying out loud, I
yearn for the day where everybody knows when they open their mouths they are
lying and I don’t have to explain it. But I’ve been hoping that for 26 years,
and the odds are I’m gonna be hoping that for however many number of years
there are remaining, which means we’re gonna continue to expose the lies for
however many years there are remaining.
Great to have you on the EIB Network, Rush Limbaugh here,
Open Line Friday to you, whatever you wish to talk about is going to be okay.
(interruption) Well, yeah, there’s always something that won’t make it. I mean
I don’t want to hear people complain about the electric bill or the drought in
California, everybody knows about that. Did you see that, restrictions, water
restrictions first time in the history of the state? Anyway the number if you
want to participate is 800-282-2882, and the e-mail
address, ElRushbo@eibnet.com. Okay.
The January and February jobs number have been revised
downward dramatically. Do you remember in January and February the Drive-Bys
all breathlessly excited, reporting the brand-new job applications, people
applied for new jobs and got new jobs, and the unemployment number was plunging
at a rapid rate and, my God, we were back. Oh, my God, it was so wonderful. The
country is back and everybody knew it wasn’t true.
But the numbers were the numbers. They were put out by the
government, the Drive-By Media sucked ‘em right up, spit them right back out at
us. Those of us that knew it wasn’t true had to sit there and grit our teeth
once again while the low-information crowd just lapped it up, knowing full well
this day would come when they revised the numbers downward, in other words,
tell us the truth long past the moment in time when anybody would care.
We now have a record 93.1, almost 93.2 million Americans not
working. I do not know in whose universe that represents a growing, recovering,
burgeoning economy, 93,175,000 Americans are not working. And as I love to
point out — people misunderstand this and think I’m being critical — they’re
all eating and they’re all making phone calls and they’re all streaming video
on their smartphones and they’ve all got a big screen somewhere. They’re
probably all consuming adults beverages. Those who do, are able to.
Ninety-three million Americans.
So if you can do all that, if you can have the essence of
life as an American, a cell phone, beer, and a Big Mac, why work? Santa Claus,
Democrat Party brings it to you. But remember, voting Democrat means your life
never gets better. It’s what it boils down to. Voting Democrat means your life
is a straight line or trending downward.
A record 12.2 million African-Americans are not working, not
in the labor force. A record 56.1 million women are not working, not in the
labor force. And the Federal Reserve, after all of these wonderful predictions
of economic growth that we got in January and February, are now predicting the
growth forecast to be zilch, zero. Zero economic growth, the Federal Reserve
forecast for the balance of the year.
It’s an absolute disaster, so unnecessary and so
disappointing. But there are the numbers. And, by the way, the March job
numbers themselves are quite lame as well. The Associated Press is not happy,
only because of how bad it makes the Regime look. “A weakening US economy.”
What do you mean weakening? You people have been telling us for three years
it’s a growing economy. You people have been telling us for three years that
we’re in this burgeoning recovery. “A weakening,” now you tell us, “US economy
spilled into the job market in March as employers added just 126,000 jobs.”
I saw yesterday, when it they were touting the news that was
gonna be released today, yesterday they were all excited, the Drive-Bys were,
because they reported something like the application for unemployment numbers
had dropped 20,000, and that had to mean it was gonna be great news today, if
fewer people applied for unemployment. No, all it meant was that 20,000 people
— and that’s a guess anyway — had just decided to stop looking.
There aren’t any jobs out there. There aren’t any careers
being born. And it’s not going to happen, it’s not gonna reverse as long as the
borders are open and the country is flooded with low skilled, low educated, and
thus low wage people.
It’s just not gonna happen. The mathematics alone is all you
need to know that it isn’t gonna happen. “A weakening U.S. economy spilled into
the job market in March as employers added just 126,000 jobs — the fewest since
December 2013 –” That’s not last December. It’s over a year ago. “– snapping a
12-month streak of gains above 200,000.”
And 200,000′s nothing to write home about. Ever since the
first stimulus bill I remember Joe Biden running around promising 500,000 new
jobs every month back in April of 2010. That’s what their recovery was gonna
be, 500,000 new jobs a month. And now 200,000 is considered a benchmark great
number. And 200,000 jobs, not even replacement level, much less economic
growth.
“The Labor Department said Friday the unemployment rate
remained at 5.5%.” Isn’t it funny how that works? No matter how dire the job
news is, no matter how disastrous, no matter how puny bad the job news is, the
unemployment rate doesn’t go up. In fact, it usually falls. “The economy has
been squeezed so far this year by harsh weather, factory slowdowns, and
lackluster construction.” Really, what, it’s never cold in December? So bad
weather in December, unusually cold weather in December meant bad economic
activity, as though it’s never cold in December?
“In addition to reporting sluggish hiring for March, the
government revised down its estimate of job gains in February and January by a
combined 69,000.” What a shock. “Wage growth in March remained modest.” There
is no wage growth except for the top 1%. That is the next story, ladies and
gentlemen. “Except for the Rich, Americans’ Incomes Fell Last Year.” How can
this not be blamed on Obama? He’s been in office now over six years. Pretty
slick. Barack Hussein O sets up an economy that only helps the already wealthy
and then blames the Republicans for the poor. And right there to help him along
as usual, the Drive-By Media.
“Most Americans’ incomes continued to fall last year –” this
the French News Agency, by the way “– but the richest 20 percent saw theirs
rise, a new Labor Department report showed Thursday. In fresh data that adds
fire to a growing debate over income inequality –” See how this works? We got
President Obama for six plus years, the rich are getting richer, the poor are
getting poorer, and we got a Republican oriented wage inequality problem. The
Republicans did it.
“The average pre-tax income fell 0.9 percent from the same
period a year earlier, to $64,432.” That’s as far as I’m gonna go because it
gets number centric and they’re hard to follow on the radio. The bottom line is
they’re lying to us pre-election. They lie to us during the election. They lie
to us immediately after the election, and in March and April when nobody’s
thinking election, we get the truth so that they can say, “We weren’t lying. We
were mistaken early on, and we did revise our numbers down.” Blah, blah, blah,
blah, blah.
END TRANSCRIPT
http://www.rushlimbaugh.com/daily/2015/04/03/
Comments
The economic fundamentals are bad enough to
ensure that our economy is on the road to steady sinking until federal spending
is reduced to match revenue, excessive immigration ends and the trade deficit
is eliminated by increasing sales of everything we produce. Unless we do that, we will continue to look
like Greece.
Then we need to reduce job-killing
regulations and lower the corporate tax rate. Unnecessary EPA air and water
proposals and bad trade agreements need to be stopped to allow manufacturing to
return to the US.
Norb Leahy, Dunwoody GA Tea Party Leader
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