{"id":6168,"date":"2015-06-05T17:08:06","date_gmt":"2015-06-05T17:08:06","guid":{"rendered":""},"modified":"2015-06-05T17:08:06","modified_gmt":"2015-06-05T17:08:06","slug":"bad_news_is_good_news_on_cnn","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/","title":{"rendered":"Bad News is Good News on CNN"},"content":{"rendered":"

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

RUSH: Here\u2019s Christine Romans, it\u2019s on CNN newsroom this morning with Carol Costello. The combined IQ here is probably that of a pencil eraser. They are discussing the new unemployment numbers, and here\u2019s what there is to know.<\/p>\n

ROMANS: The unemployment rate ticked up, and 5.5% is the unemployment rate now, but it ticked up, Carol, for all the right reasons. It ticked up because 397,000 people in the month came into the labor market. They hadn\u2019t been looking for a job in the months before that, and they decided that they were gonna try their hand at it, so that\u2019s why the unemployment rate ticked up for the right reasons. If you want to go out there and start looking for a job, this is a good time to be looking for a job. Wages are increasing. We saw those in this number. That\u2019s very important.<\/p>\n

RUSH: See, it\u2019s a great time to go looking for a job, why, because all kinds of new people are looking for a job, which means there\u2019s more competition to find a job, and wages are supposedly going up. So the unemployment rate went up for all the right reasons. Now, I know the point that she\u2019s trying to make here. We had some people who were on the beach now admitting that they\u2019re looking for jobs so they get counted at unemployment, but since they\u2019re now looking for jobs rather than, you know, sitting home watching E! Entertainment TV, that\u2019s good, but it\u2019s just a illustration again, bad news turns into good news when it\u2019s about Democrats. <\/line><\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: By the way, even with all the so-called great economic news today, the job numbers, don\u2019t forget the way CNN\u2019s reporting \u2019em. Yep. The Unemployment rate went up from 5.4 to 5.5% for the right reasons. Yeeees. The unemployment rate went up for the right reasons. In spite of all this, there remain 93 million Americans not working. Ninety-three million! The adult population the country is 240 million total. It\u2019s 300 million, maybe 240 million adults or 220 million adults, and 93 million are not working. <\/p>\n

Can you imagine…? Now, not all of those at one point have. I mean, the labor force participation rate has never been 100%. But back in the days when there really was a growing economy and when you knew it just by being alive — just by doing your business you knew that economic expansion was taking place — you saw businesses opening. You could just feel it; you could just see it. There\u2019s none of that today. <\/p>\n

You don\u2019t feel any uptick in economic activity. You don\u2019t get a sense of it all. You see just the opposite. It only stands to reason with as much of the economy the government\u2019s taken over. You know, one-sixth of our economy\u2019s been taken over by Obamacare. It just stands to reason. If just 20 million of those 93 million found work, what a difference it would make. This unemployment number of 5.5% is meaningless. <\/p>\n

Do you realize folks George W. Bush, just a year or two years before leaving office…? He left office 2009, so this is 2007. The media was doing everything they could to try to convince everybody we were in a recession. In the Iraq war they were trying to engineer a defeat. It was just… Every day was just a drumbeat of pessimism and negativity and it just was relentless. But even then we had statistically full unemployment.<\/p>\n

As defined by the Fed Reserve and the Department of Labor, that\u2019s always been the case. About 4.7%, 4.5% unemployment has been considered full employment. Meaning: You take the labor force participation rate and you have a traditional percentage of American adults who can work working (it\u2019s never 100%), and then you calculate the unemployment rate by counting the number of people who\u2019ve lost their jobs but are trying to find jobs.<\/line><\/p>\n

When you have an unemployment rate (the U-3 number) that is 4.7%, 4.5, you\u2019ve got statistic full employment, based on the idea that it\u2019s never really gonna be the case that everybody who\u2019s capable of having a job is going to have one. But we\u2019re nowhere near 4.7% unemployment as it was when George Bush was president in 2005 or 2006. When he was at 4.7% unemployment, we had economic growth out the wazoo. There was no negative numbers. The labor force participation rate was much larger than it is today. <\/p>\n

For them to tell us the unemployment rate is 5.5%, just one point worse than statistical full employment? That should tell you how we have simply redefined for the worse how we calculate employment and unemployment in this country. It\u2019s absurd. The unemployment rate is more accurately reflected by what is called the U-6 number, and that number is around 11, 12%. That counts the number of people out of work who have given up trying to find a job, and that\u2019s more like it. <\/p>\n

You go to the African-American community, and do you know what the unemployment rate is among African-Americans? It\u2019s in the twenties. It\u2019s been hovering around 25%, and they want to celebrate news that 280-some-odd-thousand jobs were created? From the moment Obama did his Porkulus, we needed 500,000 jobs a month just to stay even, and a little more than 500,000 jobs a month in order to grow the economy. And we haven\u2019t come close to 500,000 jobs in a month being created. <\/p>\n

Not even close!<\/p>\n

So the new normal? Everybody\u2019s being told just to accept this is the new normal.<\/p>\n

“This is what it is. America\u2019s best days are behind us. We\u2019ve gotta make do with the new reality.” That, too, is dispiriting and dressing. So it\u2019s good to hear Rick Perry come along and some others and start speaking optimistically and positively, because it works, and people need it. Most people aren\u2019t self-starters. People will respond to this kind of optimism and leadership, high expectations. If people know you expect a lot of them, they will start working to satisfy you. If you have low expectations of people, it\u2019s what you\u2019re gonna get. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Here\u2019s Christine Romans, it\u2019s on CNN newsroom this morning with Carol Costello. The combined IQ here is probably that of a pencil eraser. They are discussing the new unemployment numbers, and here\u2019s what there is to know. ROMANS: The unemployment rate ticked up, and 5.5% is the unemployment rate now, but it ticked up, […]<\/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":"\nBad News is Good News on CNN - 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\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Bad News is Good News on CNN - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Here\u2019s Christine Romans, it\u2019s on CNN newsroom this morning with Carol Costello. The combined IQ here is probably that of a pencil eraser. They are discussing the new unemployment numbers, and here\u2019s what there is to know. ROMANS: The unemployment rate ticked up, and 5.5% is the unemployment rate now, but it ticked up, […]\" \/>\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=\"5 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:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#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:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/\",\"name\":\"Bad News is Good News on CNN - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#primaryimage\"},\"datePublished\":\"2015-06-05T17:08:06+00:00\",\"dateModified\":\"2015-06-05T17:08:06+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bad News is Good News on CNN\"}]},{\"@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":"Bad News is Good News on CNN - 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:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/","twitter_card":"summary","twitter_title":"Bad News is Good News on CNN - The Rush Limbaugh Show","twitter_description":"RUSH: Here\u2019s Christine Romans, it\u2019s on CNN newsroom this morning with Carol Costello. The combined IQ here is probably that of a pencil eraser. They are discussing the new unemployment numbers, and here\u2019s what there is to know. ROMANS: The unemployment rate ticked up, and 5.5% is the unemployment rate now, but it ticked up, […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","twitter_misc":{"Written by":"GeorgePrayias","Est. reading time":"5 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:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#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:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/","name":"Bad News is Good News on CNN - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#primaryimage"},"datePublished":"2015-06-05T17:08:06+00:00","dateModified":"2015-06-05T17:08:06+00:00","author":{"@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2015\/06\/05\/bad_news_is_good_news_on_cnn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"Bad News is Good News on CNN"}]},{"@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\/6168"}],"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=6168"}],"version-history":[{"count":0,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/6168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media?parent=6168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/categories?post=6168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/tags?post=6168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}