Media Distortion: The Economy Roars Back
March 09, 2012There's an interesting story to start with today. This is a Politico story, and it was out last night. Obviously this story was written before this morning's unemployment report came out. Now, the unemployment number, 8.3%, no change, and you would not believe the way this is being reported. Why, we are in a roaring-back economy. We have got a recovery that's unprecedented. Have you noticed it, Dawn? No, I mean the reporting. Wherever you look on radio, television, and print, you would believe that we are sitting atop the greatest powder keg of an economic recovery that there ever has been. It is universal.
Folks, I addressed yesterday the reason that there seems to be back and forth, up and down mood changes in this country. Really, if the media in this country were as suspicious of Democrats as they are of Republicans, if the media treated powerful Democrats with the same suspicion and curiosity and doubt and dare I say dislike and hatred as they treat Republicans, you'd have an entirely different media landscape, you'd have an entirely different national mood. It'd be profoundly different. But that's not the way it is. The media is now just willing accomplices of the Democrat Party, and particularly Barack Obama. So you get a distorted view of life in America as seen by and reported by the vast majority of what's called the mainstream media. We call them the Drive-By Media, the State-Controlled Media. And today is a great example.
No matter where you look, this 8.3% unemployment and all the robust other economic news that isn't happening, is being reported. It's an abject lie, basically, the stories. Here are some sample headlines just from Google: "Unemployment Steady at 8.3%, but Job Market Improving." That's US News & World Report. How can that be? How can unemployment not have gone down, how can there not be any new jobs, but the job market's improving? "Economy Adds More Jobs than Experts Forecast." Some FM radio station. Economy adds more jobs than experts forecast? For those of you just tuning in, the experts in economic matters are always wrong because every week, every month, whatever the reporting period, the experts are always surprised. The experts are always shocked.
"Hiring Up, Unemployment Steady, Economists Upbeat," Christian Broadcast Network, CBN. "US Adds 227,000 Jobs in February, Orange County Register." If we added 227,000 jobs, why did the unemployment rate stay at 8.3%? Well, if you want to return unemployment to 6%, which it was roughly the year prior to Obama being immaculated, you're gonna need 600,000 new jobs a month for years, to be created. That's the point. There's a new normal here that's been defined, and this is it. Eight-point-one, 8.3 percent unemployment, that's the new normal. That's why we're celebrating. The new normal has to be defined in such a way by the media so that it is not in any way detrimental to Obama. You know, we're down here from nine-and-a-half, 9.9, 9.3%, so that's how this looks good, new normal.
Just remember, folks, in 2005, 2006, unemployment in this country was at 5% under the hated, despised, and dreaded George W. Bush. "Job Growth Remains Brisk in February." "Healthcare Continues to Lead Employment Growth," TheHill.com. "Employment Grows Solidly for Third Straight Month." So the new normal is more than twice as high as unacceptable unemployment under Bush. The new normal, what the media says is a roaring economy; what the media says is a steady economic upbeat; what the media says is job market improving; what the media says is brisk job growth. Eight-point-three percent unemployment is more than twice as high as what was unacceptable unemployment during George W. Bush.
So, the Politico story, the headline: "Obama’s New Hurdle: Jobs Report Optimism -- President Barack Obama has a new challenge with the jobs report due out Friday: rising expectations." Oh, the poor guy. What a real challenge. "Several months of improving numbers filtered through an election-year prism have bolstered Obama’s standing -- but also have fueled anticipation that the employment outlook will continue to improve. If new jobs aren’t added at the same rate, Obama’s political opponents will attack him for not doing enough to sustain the economy." This is the Politico writing for a third grade anti-bullying class. Obama's political opponents will attack him for not doing enough. "If they go up, he’ll almost certainly be slammed for the economy not improving enough. And if they tick down -- or the unemployment rate rises -- expect searing attacks about a president leading the country into a double-dip recession."
Poor Obama. Boohoo! He just can't catch a break. Even the news media talking up the economy for him might backfire on him. Oh, yeah! It's so fraught with danger out there for Obama. Why, even if his sycophant, slavish media talk up the economy, that might backfire. Remember how the media fretted about all the problems of perception that President Bush faced? Right. We don't, either. So obviously this piece in The Politico from which I was just reading was written before this morning's unemployment report came out, and it is clear that the news media and the rest of the Obama campaign were sweating bullets over this number.
You remember how the media fretted about all the problems of perception that Bush faced? Poor Obama! He can't catch a break. These venal Republicans, they're just waiting to pounce on any uptick in the jobless rate! Those bullies. You notice that everything Republicans do is venal? Everything is calculated for political advantage? Everything is done to try to harm our little boy president, Barack Obama? The Republicans never have the country's interests at heart like Obama does. In fact, this article sounds like the Obama campaign was using The Politico to tell their lickspittle minions in the news media to dial back their boosterism a little bit.
It sounds to me like this whole story is the White House calling Politico saying, "Hey, dial it back. We don't want to make it sound too good out there! I mean, there are gonna couple of dips between now and Election Day. It can't be that because we got this poll from Greenberg, don't forget." Stanley Greenberg, James Carville's partner, big-time Democrat pollster, last couple of weeks puts a pull out and says: Mr. President, don't go to town on this big story of a reviving, roaring-back economy because it isn't going to work. They're not feeling it. The reason a story based on a virtual economic recovery won't work is because people are living in the economy.
And they don't have jobs, and the jobs they're getting are not career jobs. A lot of the jobs that were added in this report are people taking second jobs. Our old buddy, the old reliable James Pethokoukis, is occasionally published at Reuters (we'll forgive him for that) and is also a scholar at the American Enterprise Institute. He says if we're gonna compare, let's compare apples to apples. "If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office ... the U-3 unemployment rate would be 10.8%" not 8.3%. What does that mean? What is the labor force participation rate?
Every time I try to explain this, I am met with people who tell me I'm wrong and don't know what I'm talking about and that it's irrelevant, but Mr. Pethokoukis continues to report it. The labor force participation rate is essentially the entire universe of jobs available in the country, and there are over two million less jobs, two million fewer jobs. They just don't exist anymore. Whereas there used to be an ABC Window Washer outfit, for example, when Obama was immaculated in 2009, the place has shut down. So the ABC Window Washer jobs are gone. That is why people talk about creating new jobs. If we need to create new jobs and we need new jobs, it means there are fewer jobs to fill. So if same time number of jobs existed...
If all the ABC Window Washer outfits had been closed down, if they were still open, and those jobs were still available, based on current numbers the actual unemployment rate would be 10.8% not 8.3%. So the universe of available jobs matters. There is no way you can tell me that the American economy, with two million fewer jobs today than three years ago, is in any way upbeat. You've got the same number of people looking for fewer jobs. That's why the percentage changes. You have the same number of people looking for fewer jobs. It's like musical chairs: Every time the music stops, somebody's left out because there aren't enough chairs. It's the same principle here. So the 8.3% unemployment rate is meaningless. It's bogus because we're not comparing apples to apples. Part of the Obama economic record is that there are two million fewer ABC Window Washer jobs than there were when he was immaculated in 2009.
Here's a great illustration of that that I was just discussing, along the lines of what I was just talking about. There was a Reuters report from yesterday: "US Jobless Claims Rise, But Labor Market Healing -- More people applied for unemployment checks, but the labor market is healing." Healing! Do you think you would ever get a definition like that of "healing" with a Republican in the White House? "Jobless Claims Rise; Country Going to Hell," would be the headline if George W. Bush were in the Oval Office. Reuters said, "The number of Americans filing for jobless benefits unexpectedly rose last week," damn it, "but not enough to change perceptions that the labor market was strengthening."
That's how the story opens. This is journalistic malpractice. This is utter irresponsibility. This is what we're up against, folks. It has always been this way. I'm spending a little bit more detail on this stuff that you know left and right for our new audience arrivals this week. This is actually a golden opportunity. The left has driven so many new bodies here that it would be foolish not to take advantage of their arrival. So please indulge me as we go back to the first grade for some of them, and I don't mean that in an insulting way. I mean, first grade for you was 23 years ago. You now are super-duper graduate students here at the Limbaugh Institute for Advanced Conservative Studies.
The first day arrivals are essentially the first grade. "The number of Americans filing for jobless benefits unexpected rose last week but are not enough to change perceptions that the labor market was strengthening." Not one "perception" is cited. We don't know whose perceptions we're talking about here other than the infobabe or the reporter, whoever, who wrote the story with tongue hanging out. (panting) Eager and panting away for Obama's success. I'm gonna tell you: This is so blatantly one sighted, this kind of stuff would make the old Soviet commissars blush.
If our media existed in Russia today, and they reported on Putin this way, Putin would call 'em and say, "Look, you guys, you gotta hit me now and then otherwise nobody is gonna end up believing what you say. "You can't continue with this nonstop love affair with me! You gotta dislike me now and then. You gotta criticize me now and then. This is getting embarrassing." Khrushchev would say that. Even Mikhail Gorbachev would say that. Certainly Putin, certainly KGB. Obama probably says: Ah, keep it up! "The number of Americans filing for jobless benefits unexpectedly rose," which means there were more of them, they went up, "but not enough to change perceptions the labor market's strengthening."This is their revised story: "Payrolls Up Solidly; Jobless Rate at 8.3% -- Employment grew solidly for a third straight month in February, a sign the economic recovery was broadening and in less need of further monetary stimulus from the Federal Reserve." Oh, thank the Lord! Now, thanks to Reuters, we don't need any more stimulus. We don't need any more federal spending because finally all that Obama spending -- finally! -- worked. It's kicking in a little late, but it's starting to work now. Obama's policies are creating jobs. That's the big lie.
Liberty once lost, is lost forever.