{"id":36988,"date":"2010-12-02T01:01:01","date_gmt":"2011-05-19T00:15:34","guid":{"rendered":""},"modified":"2011-05-19T00:15:34","modified_gmt":"2011-05-19T00:15:34","slug":"an_analysis_of_hapless_economic_reporting_by_the_state_run_media","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/12\/02\/an_analysis_of_hapless_economic_reporting_by_the_state_run_media\/","title":{"rendered":"An Analysis of Hapless Economic Reporting by the State-Run Media"},"content":{"rendered":"
\n

RUSH: I have here, ladies and gentlemen, an AP dispatch written by the incompetent and hapless Mary Clare Jalonick. She\u2019s hapless; she works for the AP. Here\u2019s the opening sentence: ‘House Republicans have temporarily blocked legislation to feed school meals to thousands more hungry children.\u2019<\/p>\n

Guess what\u2019s back? Republicans want to starve the kids. I mean, they haven\u2019t even taken over the House yet, the Democrats still run the show there. Republicans are still in a huge minority right now in the House of Representatives, and yet here we go, it\u2019s right out of the playbook. Republicans starve kids. ‘House Republicans have temporarily blocked legislation to feed school meals to thousands more hungry children.\u2019 My heart bleeds. ‘Republicans used a procedural maneuver Wednesday to try to amend the $4.5 billion bill, which would give more needy children the opportunity to eat free lunches at school and make those lunches healthier. First lady Michelle Obama has lobbied for the bill as part of her ‘Let\u2019s Move\u2019 campaign to combat childhood obesity.\u2019<\/p>\n

The truth is it\u2019s Michelle\u2019s bill that\u2019s gone down the tubes. ‘House Democrats said the GOP amendment, which would have required background checks for child care workers, was an effort to kill the bill and delayed a final vote on the legislation rather than vote on the amendment.\u2019 So the Republicans want background checks for child care workers, and that\u2019s an effort to kill the bill. What? Are these workers illegal immigrants and the Democrats don\u2019t want that learned? What is this? So from all of this we get Republicans want to starve the kids again? Ha! Gee whiz. These people ought not have 20 percent support in public opinion. They\u2019re just predictable. They\u2019re idiots. They\u2019re hapless. You combine this hapless AP story with the one two days ago on unemployment — and, by the way, that mantra, we\u2019ve got five or six sound bites today, more Democrats saying unemployment benefits do more to grow the economy than tax cuts do. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: The Associated Press is officially a joke. We just need to proclaim it now. Look at this. Here\u2019s the latest. We\u2019ll get to the Fed in the next half hour. Just sit tight, \u2019cause that\u2019s gonna be long and detailed. I\u2019m gonna explain it. You know, one of the things we do here on this program is make the complex understandable, and this is a challenge, this Fed thing, all this money that was essentially printed. It\u2019s money that we don\u2019t have, yet we do have. We bailed out foreign banks. We bailed out domestic banks. We propped up General Electric. Now that, to me, is key in this. We propped up Harley-Davidson. We propped up a number of domestic American businesses. This is the $2 trillion during the same time TARP was happening and nobody knew where it went. They didn\u2019t tell us. It turns out it was $3.3 trillion. We\u2019ll get to all of that in the next half hour. <\/p>\n

Here from Jeannine Aversa, AP economics writer: ‘More Americans applied for unemployment benefits last week, but the broader trend in layoffs points to a slowly healing job market. The average over the past month fell to a two-year low. New claims for unemployment aid rose last week\u2019 which is great news for the economy, isn\u2019t it? The more unemployed seeking benefits, the more unemployed getting checks, that\u2019s great for the economy! We ought to be booming by now, according to this same AP. ‘New claims for unemployment aid rose last week by a seasonally adjusted 26,000 to 436,000, the Labor Department said Thursday. The previous week\u2019s claims were revised up slightly to show applications had tumbled by 31,000 to 410,000.\u2019 <\/p>\n

Now, what is this? The AP is finally admitting that last week\u2019s new claims number was revised up, just like they\u2019ve been revised up practically every week during the Obama regime? But lest we forget — I know it\u2019s a lot of numbers to try to keep track of here, but lest we forget — last week\u2019s decline of 31,000 jobs was universally described by the news media as a sharp decrease, a plummet. But an increase of 26,000 is just a blip. Oh, yeah! It\u2019s just a blip. It was a decline of 31,000, which was revised and changed. That was great. That was, ‘Oh, my God, look! We\u2019re really coming out of it now! There were 31,000 fewer jobless applications!\u2019 Now an increase of 26,000? ‘Ah, no big deal.\u2019 <\/p>\n

‘The figures are often volatile during the weeks around the Veteran\u2019s Day and Thanksgiving holidays,\u2019 because after all, the annual holidays take the Labor Department by surprise. They never see these holidays coming. They\u2019re never able to factor in these holidays with these unemployment numbers. Damn it, every year they work and they slave away and they calculate the unemployment numbers, then Thanksgiving shows up and, ‘Damn it, nobody told us Thanksgiving was coming this year!\u2019 They\u2019re gonna say the same thing about Christmas and New Year\u2019s. ‘Damn it, nobody told us Christmas was coming!\u2019 <\/p>\n

So essentially there is no good news here. ‘Jobless Claims Rise, but Trend Shows Improvement.\u2019 After all, these holidays just continue to befuddle Labor Department. ‘Even so,\u2019 says AP, ‘the longer-term trend has shown a downward drift. The four-week moving average of claims, which smooths [sic] volatility, fell to 431,000 last week. That\u2019s a two-year low,\u2019 and that number is gonna be revised up by next week. All of these declines end up being revised upwards. It\u2019s just they don\u2019t get reported. Not much attention is focused on them. You know, unemployment numbers are a lot like losing your hair: Eventually you\u2019re gonna run outta hair to lose. Same thing goes for jobs. <\/p>\n

‘Recent signs suggest the economy is on track to end the year on a stronger note,\u2019 we hope, we hope, at AP. ‘The latest evidence came Thursday when retailers reported strong sales in November. That\u2019s boosting hopes that shoppers will spend more during the holiday season.\u2019 Yet tomorrow… Here we have the AP hoping shoppers will spend more. Tomorrow we\u2019ll get a story on how shoppers are ‘waiting for deals,\u2019 as though that somehow is unique turnover year. I tell you, it\u2019s in their computer just like these unemployment stories — ‘unexpected,\u2019 ‘more than expected,\u2019 ‘surprisingly,\u2019 whatever — are in their computers. So is this. ‘Wow! It\u2019s Thursday. Customers are gonna be spending more money. Shoppers gonna be spending more money!\u2019<\/p>\n

Then tomorrow we\u2019ll get a story of hand-wringing. ‘Oh, no. Surveys indicate that shoppers are holding off, waiting for the best deal,\u2019 as though that never happens. Remember how evil spending was during the Bush administration, especially holiday spending? When people were spending during the Bush administration, it was selfishness. It was greed. It was people who didn\u2019t care about the poor, the hungry, the thirsty and the starving. But now, during the Obama regime, happy shoppers spending during the Christmas season, it\u2019s great news! Why, it\u2019s a sign of a rebounding economy. Anyway, this story goes on and on and on and on and on, convoluted as it can be, taking bad news and trying to turn it into positive news simply to show something decent and positive to the Democrats and the Obama regime.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: I have here, ladies and gentlemen, an AP dispatch written by the incompetent and hapless Mary Clare Jalonick. She\u2019s hapless; she works for the AP. Here\u2019s the opening sentence: ‘House Republicans have temporarily blocked legislation to feed school meals to thousands more hungry children.\u2019 Guess what\u2019s back? Republicans want to starve the kids. I […]<\/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},"categories":[],"tags":[],"yoast_head":"\nAn Analysis of Hapless Economic Reporting by the State-Run Media - 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\/2010\/12\/02\/an_analysis_of_hapless_economic_reporting_by_the_state_run_media\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"An Analysis of Hapless Economic Reporting by the State-Run Media - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: I have here, ladies and gentlemen, an AP dispatch written by the incompetent and hapless Mary Clare Jalonick. She\u2019s hapless; she works for the AP. Here\u2019s the opening sentence: ‘House Republicans have temporarily blocked legislation to feed school meals to thousands more hungry children.\u2019 Guess what\u2019s back? Republicans want to starve the kids. 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