{"id":33098,"date":"2011-05-19T02:05:28","date_gmt":"2011-05-19T02:05:28","guid":{"rendered":""},"modified":"2011-05-19T02:05:28","modified_gmt":"2011-05-19T02:05:28","slug":"economy_worse_state_run_media_claims_it_s_better_than_expected","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2011\/05\/19\/economy_worse_state_run_media_claims_it_s_better_than_expected\/","title":{"rendered":"Economy Worse, State-Run Media Claims It\u2019s “Better Than Expected”"},"content":{"rendered":"
\n

RUSH: ‘The first 12 months of the US recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. The world\u2019s largest economy contracted 1.9 percent from the fourth quarter of 2007 to the last three months of 2008. ‘The current downturn beginning in 2008 is more pronounced,\u2019 Steven Landefeld, director of the Commerce Department\u2019s Bureau of Economic Analysis.\u2019 This economy has shrunk twice as much as it did with George W. Bush in the trailing end of 2008, and this is a great example of what state-controlled media is. I just gave you the facts. I just told you the truth. Here is, from state-controlled Reuters: ‘US Economy Fares Better Than Expected In Latest Quarter.\u2019 The recession is twice as bad, economic growth two times as bad. But the state-controlled media: ”US Economy Fares Better Than Expected In Latest Quarter\u2019 — The US economy contracted at a slower-than-expected pace in the second quarter, government data showed on Friday, but a sharp drop in consumer spending fanned fears that recovery would be sluggish.\u2019<\/p>\n

So the recession\u2019s over, right? We heard that this week from Newsweek and TIME, we heard it from Obama, and now we\u2019re not growing, it\u2019s contracting, it\u2019s slower than expected. State-controlled AP: ‘GDP Contracts For 4th Straight Quarter,\u2019 and then the GDP report subhead here: ‘GDP report is likely to show recession eased in 2Q. The economy sank at a pace of just 1% –‘ this is wonderful news. Wait, folks, get this! The economy sank at a pace of just 1% in the second quarter of the year according to a government report. It was a better than expected showing that provided the strongest signal yet the long recession is finally winding down. We got more people unemployed than the Great Depression, double-digit in some of these cities, and what\u2019s the big news of the day? A beer summit outside at the White House. And why was there a beer summit? Because two guys with an attitude jumped all over a cop. And there was no apology, by the way. There was no changing of minds. There was just some discussion of the future. <\/p>\n

Biden showed up. He was a surprise attendee. Biden was there for the free pretzels. They had peanuts and pretzels. Biden does not consume adult beverages, so he had a Buckler, nonalcoholic beer. Now, if you saw the picture, you saw Gates in his coat and tie and you saw Sergeant Crowley in his coat and tie, and you saw the president and vice president without their jackets. I don\u2019t know if their ties were loosened or not. I\u2019m just going to tell you, if I host something and it\u2019s in Washington, and it\u2019s late July, and it\u2019s outside, when the guests arrive, ‘Take off the jackets, guys. We\u2019re going to be outside. We\u2019re not in the Oval Office, take off the jackets.\u2019 Didn\u2019t happen. Now, pretzels and peanuts were part of snack fare to go along with beer. Folks, it is a lousy, lousy image to present to America. <\/p>\n

Oh, I forgot my teachable moment on State-Run Media. I just gave you the facts, and state-controlled Associated Press, state-controlled Reuters, ‘Wow, what great news. Why it got worse better than we expected. It didn\u2019t get as bad as we thought, oh, man, recession\u2019s over. We\u2019re going to have a sluggish recovery, but wow,\u2019 maybe the recovery will be twice as sluggish as it\u2019s been in the past. So once again the economy is shrinking, the bottom line is the economy is getting worse, and you know it because you\u2019re feeling it. But it\u2019s said to be doing better than expected. That\u2019s the kind of stuff that Pravda ran back in the days of the old Soviet Union. Pravda has spoken, state-controlled media has a spoken, all is well, we can thank the great leader. People are being told that what they are personally experiencing and seeing is not what they are personally experiencing and seeing. This is the definition of State-Run Media. What you see, what you experience, it isn\u2019t true. What we tell you is true. Therefore this is not reporting. It is repeating the party line. People like F. Chuck Todd and his cohorts in state-controlled media will be pleased the economy is getting sicker and slower because they are all interested in advancing the party line. <\/p>\n

Now, as far as the beer summit is concerned, the media was cordoned off approximately 45 feet away from the patio furniture where the beers were being quaffed. President and vice president appeared to be doing what they could to keep the mood light, wearing just shirt sleeves, appearing more relaxed than the professor and the cop who were in suits and more rigid. It was hot out there. How rude of the host not to tell these guests to take the jacket off. At any rate, the president and vice president spent much of the time that the press was out there snacking on the peanuts and pretzels on the table, which is food that makes you fat. It was already a bad idea to have beer cocktails, beer at dinnertime, then to throw in stuff that people are going to be taxed to pay for \u2019cause it makes them fat was another moment of hypocrisy and bad image making on the part of the President Obama and his handlers. <\/p>\n

Caterpillar is cutting more jobs. From Peoria: ‘A union official says Caterpillar is laying off 75 employees at a central Illinois foundry and may close the plant for two months late this year if demand for its engines doesn\u2019t improve. Rick Doty is president of United Auto Workers Local 974. He says the 75 workers at the foundry in Mapleton will be laid off Monday. The town is about 10 miles south of Peoria, where Caterpillar is based. Doty says the company also has tentative plans to close the foundry and idle its 525 remaining workers in November and December.\u2019 That\u2019s going to be a very sad Christmas shopping season. In fact, if we had a Republican president we\u2019d already be getting stories on how rotten the Christmas shopping season is going to be. <\/p>\n

‘Caterpillar has laid off more than 30,000 workers worldwide during the current recession.\u2019 This story from state-controlled Associated Press, which couldn\u2019t be bothered to mention that Obama cited Caterpillar as a sign, a company that supported his stimulus and they were going to rehire, start rehiring workers as soon as a responsible stimulus bill was signed, and we have also learned that the Caterpillar CEO was misled and misquoted. He was totally used by Obama. State-controlled AP can\u2019t bring themselves to remind everybody that Caterpillar was the diamond in the rough. Caterpillar was the benchmark. Caterpillar, as soon as that stimulus was signed, they\u2019re going to start hiring people back, and now they\u2019ve laid off more than 30,000 workers worldwide during the current recession and Obama did sign what he called a responsible stimulus bill. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: ‘The first 12 months of the US recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. The world\u2019s largest economy contracted 1.9 percent from the fourth quarter of 2007 to the last three months of 2008. ‘The current […]<\/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-33098","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEconomy Worse, State-Run Media Claims It's "Better Than Expected" - 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\/2011\/05\/19\/economy_worse_state_run_media_claims_it_s_better_than_expected\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Economy Worse, State-Run Media Claims It's "Better Than Expected" - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: ‘The first 12 months of the US recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed. 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