a little more from Rushs show yesterday… BREAK TRANSCRIPT RUSH: Jack Welch back on October 5th of 2012. This is after this magic unemployment number of 7.8%, the last report before the election. Magically plummeting from 8.3 in July, 7.8% in September, heres Jack Welch on Cavutos show. Eric Bolling was guest hosting, and he said the labor secretary is calling the charge that the numbers have been cooked here ludicrous. WELCH: In the last two months, we have gone from 8.3 to 8.1 by changing the participation rate assumption. Now we are going from 8.1 to 7.8 by changing the household numbers assumptions. Look, I dont know what the right number is, but I will tell you, these numbers dont smell right when you think about where the economy is right now. This whole number is made up of a whole mess of assumptions, who is participating, whos not working, whos trying to work but has dropped out, all these things. It just raises the question. I think there ought to be a good discussion about how this number is calculated, thats all. RUSH: Yeah. Well, now there is. Now we happen to know how the number was calculated. It was fudged. It was fudged by a guy at the Census Bureau who was told by higher-ups to just keep adding households to the survey. October 5th and 7th in 2012, a montage of the Drive-By Media calling me and Jack Welch and Donald Trump conspiracy kooks. CHUCK TODD: We are corroding trust in our government. Donald Trump and Jack Welch, rich people with crazy conspiracies. CANDY CROWLEY: Conservatives continue to suggest that the presidents Labor Department cooked the jobs report for his political gain. TOM FOREMAN: The idea of a conspiracy theory. JONATHAN KARL: This whole conspiracy theory, this is crazy town. WOLF BLITZER: Experts are dismissing all those conspiracy theories. PETE DOMINICK: That kind of conspiracy talk coming from people like Jack Welch. BRIAN SCHWEITZER: Youre going to need more than a tinfoil hat to convince America. MARK ZANDI: This is silly, undermine the legitimacy of the political process. DAVID AXELROD: They can join the lunatic fringe of birthers. Every respectable economist has said that is nuts. JAMES CARVILLE: (crosstalk) Economic birtherism. RUSH: That was Mark Zandi who said, This is silly, undermine the legitimacy of the political process. Mr. Zandi, its Obama and the Democrats and his administration who are undermining the legitimacy of the political process. Again, Census faked the 2012 election jobs report. John Crudele, New York Post, with documents and a source from the Census Bureau. Thats how they reacted. This is exactly what I mean. The media decided to smear the truth tellers and prop up the liars, which they have been doing since January 16th of 2009. BREAK TRANSCRIPT RUSH: Jack in Leonardtown, Maryland. Hi, Zack. Im glad you waited. Great to have you on the program. Hello. CALLER: Hey, Rush. I have done research and I read a thesis about elections, presidential elections and unemployment. RUSH: Yeah? CALLER: And what I found was that its not so much the static level of unemployment at the time of the election; its the trend leading into the election. The effect is if unemployment is falling, theres a boost to the incumbent -- and what I found also is that the effect is much greater in areas that vote red or in swing counties. So, for example, if we saw a 0.5-percentage-point decrease in the unemployment rate, Barack Obama could have expected to see almost 2.5% boost in his polling -- RUSH: Yeah? CALLER: -- in swing counties in swing states, the most important counties in the United States for elections. So seeing this trend data, it absolutely compounds the effect. What I was looking for is, how did Barack Obama win with such high unemployment? It wasnt that the unemployment was high or low; it was that the trend was coming down. RUSH: The reported trend. It was all made up. CALLER: Exactly. Because the national level unemployment, people dont feel it at a local level. I also looked at state and county unemployment, and there is some effect with county unemployment, but I believe its a different type of information. So when people in your county are unemployed, you feel it cause your neighbors feel it. You know, its like what Ronald Reagan said. What is it the quote? You know, when its a recession? Im sorry. RUSH: I know what the quote is. I want to go back to what you said, Zack. CALLER: Sure. RUSH: The media last year, AP and others, were saying that the important thing is the trend. The number was high no matter how they sliced it, so they kept telling people who pay attention, Its the trend thats important, and its going down. There is improvement monthly in the unemployment numbers. So the low-information crowd thought, All right, the stimulus is working. Things are working out here, and it was all lies. END TRANSCRIPT
Posted on: Wed, 20 Nov 2013 16:13:02 +0000
Trending Topics
Recently Viewed Topics
© 2015