Rush does a remarkable job on economics considering he’s had no formal training in the area. Analysts were blaming the aging of the workforce and retirees stopping working as a cause of labor force participation decline. Rush rightfully called them on that saying people are having to work longer and put off retirement due to the crappy economy caused by Obama. That was an excellent point.
Rush is perfectly clear on the math of labor force participation, but he gets the gist right and hammers them on the false hopes created by the completely useless and bogus unemployment rate.
imho he's the absolute authority on sports, broadcasting, and politics (in that order), and he's so so with current events, history and science, but he's totally willfully clueless with economics, education, and raising kids --and those three are things he's somehow decided he's a flippin know-it-all. Here are three examples from a long list of his pitiful econ blunders:
- The inflation rate calculations leave out food and energy.
- The Fed's bail-out QE's are what's supporting the stock market.
- There is a single true unemployment rate that the bean-counters are hiding.