{"id":32834,"date":"2009-07-02T01:01:01","date_gmt":"2011-05-19T02:15:08","guid":{"rendered":""},"modified":"2011-05-19T02:15:08","modified_gmt":"2011-05-19T02:15:08","slug":"comical_state_run_media_tries_to_talk_up_tanking_obama_economy","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/02\/comical_state_run_media_tries_to_talk_up_tanking_obama_economy\/","title":{"rendered":"Comical State-Run Media Tries to Talk Up Tanking Obama Economy"},"content":{"rendered":"
\n

RUSH: Yesterday on CNN\u2019s Newsroom, the anchor, Melissa Long, has this exchange with Wall Street correspondent Susan Lisovicz about the economy.<\/p>\n

LONG: Nearly half a million jobs lost during the month of June, but is it possible to find a silver lining in all this? We want a silver lining! Susan Lisovicz at the floor of the New York Stock Exchange with more. Is there one?<\/p>\n

LISOVICZ: The silver lining, if you will, is that May was revised… Uh, the previous month I should say, uh, was revised lower and that was May. Also we have a separate report from Challenger, Gray &amp; Christmas which shows the planned job cuts, the announcements slowed — and that is the fifth straight month. So that is encouraging. What is also high — and this is also (snorting) a silver lining, is the first day of July starting off on a positive note. The Dow is up 128 points, the NASDAQ is up 25. Good start. Back to Paula, though, the second quarter rally that we saw.<\/p>\n

RUSH: It is so bad for CNN that that garbage can of a network, MSNBC, is beating them in primetime now — and nobody\u2019s watching MSNBC. This is profound. A network with statistically, nationwide, zero audience is beating CNN in primetime — and this is one of the reasons why. Here we\u2019ve just got the worst economic news we could get, and they\u2019re out there looking for silver linings. And you just lost your job yesterday or last month and they tell you, ‘You know what? May wasn\u2019t as bad as we thought.\u2019 Well, hell\u2019s bells, let\u2019s go party! Yes siree, Bob! Let\u2019s go get the champagne and pop the cork — and the stock market? ‘Oh, yeah! We got a great, great uptick here! The DOW is up 128, NASDAQ 125?\u2019 What is it? What is it here? <\/p>\n

The NASDAQ is down big today. The Dow Jones Industrial Average spurting with 150 to one… Whoa! Down Jones is down 179. They want a silver lining, and so they invent one. They find the silver lining when there isn\u2019t one. Can you imagine any of this happening with any Republican president? I mean, with the Bush administration when we were in a booming, roaring economy they were trying to tell us we were in a recession and there weren\u2019t any silver linings and they weren\u2019t looking for any. So this reminds us, let\u2019s go back to Monday of this week on the same network, CNN. We have a montage of Christine Romans, host of Your Money… Well, Betty Nguyen is speaking with the Your Money host, Christine Romans, about the economy. Betty Nguyen, says, ‘Christine Romans is here to explain. How did we do in the first half of the year?\u2019 ( laughing) This is Monday on CNN.<\/line><\/line>ROMANS: (giddy) We\u2019ve seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They\u2019re feeling better because they\u2019re spending less. They\u2019re saving more money. They\u2019re getting back to basics. There\u2019s a new frugality that\u2019s making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you\u2019re going to see that rally. If you are still invested in stocks — if you had faith and you were buying stocks along the way this spring, you\u2019re buying them at cheap prices — you\u2019re going to see that rally when you open up your 401(k) statement.<\/line><\/p>\n

RUSH: God! This is just comical. The best satire writer could not write the CNN scripts. The difference is these people actually believe this. Obama himself said, ‘Don\u2019t pay any attention to the stock market. It\u2019s like a tracking poll. It\u2019s up one day, down the next. We don\u2019t pay attention;\u2019 and Axelrod said, ‘We don\u2019t pay attention to stock market in our policies,\u2019 and you\u2019re feeling better \u2019cause you\u2019re frugal. You\u2019re being more disciplined and responsible. There\u2019s CNN. Meanwhile (laughing), from the French News Agency — which is not happy about the news. ‘US Jobless Rate Now Matches Europe\u2019s.\u2019 (laughing) ‘What are you laughing at, Rush? People are hurting.\u2019 Sometimes it\u2019s all you can do. Here\u2019s the story: <\/p>\n

‘The unemployment rate in the 16 euro countries climbed to a 10-year high of 9.5 percent in May as companies cut jobs to survive Europe\u2019s worst post-war recession, according to EU data on Thursday. Some 273,000 jobs were lost across the eurozone in May as the unemployment rate rose,\u2019 blah, blah, blah. ‘Although activity in the recession-hit European economy is beginning to pick up,\u2019 and that\u2019s what we\u2019re seeing here. (laughing) ‘We\u2019re seeing signs it\u2019s coming back! We\u2019ve got audio sound bites of people saying it. ‘We\u2019re seeing signs that the worst is over.\u2019 Obama said, what was it, last month out of Beverly Hills. Well, what was the word, about the economy? We\u2019ve hit the worst, we\u2019re rebounding, overboard it was but none of it\u2019s true. So the US jobless rate now matches Europe. It\u2019s exactly what was planned: turn the United States to one of these socialist European democracies, run by the elites who are never in pain. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Yesterday on CNN\u2019s Newsroom, the anchor, Melissa Long, has this exchange with Wall Street correspondent Susan Lisovicz about the economy. LONG: Nearly half a million jobs lost during the month of June, but is it possible to find a silver lining in all this? We want a silver lining! Susan Lisovicz at the floor […]<\/p>\n","protected":false},"author":25,"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,"footnotes":""},"categories":[],"tags":[],"class_list":["post-32834","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nComical State-Run Media Tries to Talk Up Tanking Obama Economy - 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:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/02\/comical_state_run_media_tries_to_talk_up_tanking_obama_economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Comical State-Run Media Tries to Talk Up Tanking Obama Economy - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Yesterday on CNN\u2019s Newsroom, the anchor, Melissa Long, has this exchange with Wall Street correspondent Susan Lisovicz about the economy. 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