{"id":11078,"date":"2013-10-22T18:01:26","date_gmt":"2013-10-22T18:01:26","guid":{"rendered":""},"modified":"2013-10-22T18:01:26","modified_gmt":"2013-10-22T18:01:26","slug":"what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/","title":{"rendered":"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown"},"content":{"rendered":"

\"Listen<\/a><\/p>\n

RUSH: Grab sound bite 33. We just got this one. This afternoon at the White House, daily press briefing, the chairman of the President\u2019s Council of Economic Advisors, Jason Furman. Oh, to set this up, the unemployment numbers are out and they\u2019re absolutely horrible. The number of new jobs is absolutely horrible. The number of people who left the labor force is horrible. The unemployment rate went down to 7.2%, and even the Drive-Bys, in their report, are saying it\u2019s unexpected, doesn\u2019t make sense. <\/p>\n

It only makes sense if you add to it the number of people leaving the labor force. The universe of jobs continues to shrink. The unemployment rate doesn\u2019t mean anything anymore. The real unemployment rate\u2019s about 12%. That\u2019s the U-6. That counts people who are no longer looking for work. They\u2019ve been looking so long they\u2019ve given up. So now the economic news is horrible, the jobs news is rotten, so they bring this guy Furman out there, who\u2019s the chairman of President\u2019s Council of Economic Advisors, and he had this to say about the economy and what\u2019s wrong with it.<\/p>\n

FURMAN: Sales growth, as shown in those first two indicators slowed in the first half of the month, and one survey said 40% of consumers cut back on their spending because of their uncertainty. UI claims soared by 50,000. The Gallup job creation index slowed. Economic confidence fell to the lowest level in years. Steel production fell and mortgage applications slowed. That\u2019s just based on the data we have through October 12th. So as we look at more of October, those numbers could change and could potentially get worse. This all just really underscores how unnecessary and harmful the shutdown and the brinksmanship was for the economy.<\/p>\n

<\/p>\n

RUSH: Well, how long did this shutdown go, two weeks, two and a half weeks, and yet all of that because the government was shut down with brinksmanship for two and a half weeks. This is amazing. Forty percent of consumers cut back on their spending because of their uncertainty. UI, unemployment insurance claims, soared by 50,000. The Gallup job creation index slowed. Economic confidence fell to the lowest level in years. Steel production fell. Mortgage applications slowed. And that\u2019s just based on the data we have through October 12th, and that\u2019s all because of the shutdown? What a crock.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: They\u2019re trying to blame all of this economic downturn on the shutdown. We are supposed to believe that employers did not hire in September because they were afraid of a possible government shutdown in October. Yes, you see, that\u2019s how things work. See, everybody\u2019s so focused on government, that they weren\u2019t gonna hire anybody at The ABC Acme Widget Company because there might be a government shutdown in October. So they didn\u2019t hire anybody in September. That\u2019s what we\u2019re supposed to believe. <\/p>\n

These are just anecdotes. That\u2019s what Obama and Carney call all these reports from employers who say they aren\u2019t hiring people, or they\u2019re moving \u2019em to part-time work, because of Obamacare, just anecdotes. And, by the way, the regime is now denying that there\u2019s an increase in part-time hiring. They\u2019re literally denying it, just openly denying it. It\u2019s another thing that set Jon Stewart off. That\u2019s just a flat-out lie, it\u2019s an insult to his intelligence. That\u2019s one reason he called it a turd last night. That\u2019s perfectly permissible terminology in low-information newscasts, call something a turd. It works. It works. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Grab sound bite 33. We just got this one. This afternoon at the White House, daily press briefing, the chairman of the President\u2019s Council of Economic Advisors, Jason Furman. Oh, to set this up, the unemployment numbers are out and they\u2019re absolutely horrible. The number of new jobs is absolutely horrible. The number of […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nWhat a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Grab sound bite 33. We just got this one. This afternoon at the White House, daily press briefing, the chairman of the President\u2019s Council of Economic Advisors, Jason Furman. Oh, to set this up, the unemployment numbers are out and they\u2019re absolutely horrible. The number of new jobs is absolutely horrible. The number of […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GeorgePrayias\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/\",\"name\":\"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#primaryimage\"},\"datePublished\":\"2013-10-22T18:01:26+00:00\",\"dateModified\":\"2013-10-22T18:01:26+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4\"},\"breadcrumb\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4\",\"name\":\"GeorgePrayias\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g\",\"caption\":\"GeorgePrayias\"},\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/author\/GeorgePrayias\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/","twitter_card":"summary","twitter_title":"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown - The Rush Limbaugh Show","twitter_description":"RUSH: Grab sound bite 33. We just got this one. This afternoon at the White House, daily press briefing, the chairman of the President\u2019s Council of Economic Advisors, Jason Furman. Oh, to set this up, the unemployment numbers are out and they\u2019re absolutely horrible. The number of new jobs is absolutely horrible. The number of […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","twitter_misc":{"Written by":"GeorgePrayias","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/admin.rushlimbaugh.com\/#website","url":"https:\/\/admin.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg"},{"@type":"WebPage","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#webpage","url":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/","name":"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#primaryimage"},"datePublished":"2013-10-22T18:01:26+00:00","dateModified":"2013-10-22T18:01:26+00:00","author":{"@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4"},"breadcrumb":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/10\/22\/what_a_crock_regime_predicts_economic_disaster_from_two_week_partial_government_shutdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"What a Crock! Regime Predicts Economic Disaster from Two-Week Partial Government Shutdown"}]},{"@type":"Person","@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4","name":"GeorgePrayias","image":{"@type":"ImageObject","@id":"https:\/\/admin.rushlimbaugh.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g","caption":"GeorgePrayias"},"url":"https:\/\/www.rushlimbaugh.com\/daily\/author\/GeorgePrayias\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/11078"}],"collection":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/comments?post=11078"}],"version-history":[{"count":0,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/11078\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media?parent=11078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/categories?post=11078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/tags?post=11078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}