Posted on 07/10/2009 9:30:30 AM PDT by Signalman
BEGIN TRANSCRIPT RUSH: "US consumer confidence took an unexpectedly steep slide in June." That's from Reuters. "Unexpectedly!" Every bit of economic news is "unexpected." What were they expecting? A big rebound? Let's go to the audio sound bites. I want to take you back to me on this program, January 9th of this year.
RUSH ARCHIVE: We're going to start seeing stories that will not be true, that feature man-on-the-street interviews with people whose lives are starting to get a little bit better, they see the light at the end of the tunnel now, they go on more job interviews and they're doing a little bit better. The Drive-Bys will start setting the stage to create the impression in the minds of people that we're coming back, when we are not. Just as they try to set up this mood that we're going to hell in a handbasket when we're not, notice how that works. That convinces people, the old saw about, "Well, I'm doing fine but I'm hearing on the news my neighbor is about to lose his job, we're in trouble here." So how does it play when you're out of work but you hear that other people are getting jobs? If you are an Obama voter, you think your time is just around the corner, you gotta be patient 'cause he's already working, his plan is already working. If you think a demagogic, flowery spoken candidate or president with an accomplice media can't convince people things are great when they're bad you got another thing coming. If they can convince people things are horrible when they're good, the opposite's also possible. To this day people who are alive and voted for Roosevelt think he's the greatest president we ever had, and not because of World War II, because of Social Security, because of Medicare. So don't doubt me.
RUSH: That was all the way back on January 9th of this year, before the Bamster even rode into office. Now, let's go to this morning, CNN's Newsroom, the anchor Betty Nguyen spoke with Your Money host Christine Romans about the economy. And Betty Nguyen said, "Hey, Christine! Explain this. How did we do in the first half of the year?"
ROMANS: (giddy) We've seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They're feeling better because they're spending less. They're saving more money. They're getting back to basics. There's a new frugality that's making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you're going to see that rally. If you are still invested in stocks -- if you had faith and you were buying stocks along the way this spring, you're buying them at cheap prices -- you're going to see that rally when you open up your 401(k) statement.
RUSH: The stock market is down 120 today. Consumer confidence, according to Reuters, "took an unexpectedly steep slide in June." Do I know these people or do I know these people? I predicted on January 9th and here on June 30th, CNN, it's morning in America! Your 401(k) is ballooning. We feel better spending less money. Why? Well, because we're being disciplined. We're saving. Do you realize how happy all of you are? CNN just said so and this reporterette, Christine Romans from Your Money, a CNN show. What did I tell you? They're going to do everything they can to make you think things are great, because the stimulus is in trouble. The Obama approval index in Rasmussen is at minus two. Remember, now, the Rasmussen approval index takes the "strongly approve" and the "strongly disapprove" and matches them up, and he is minus two. It's the first time in negative territory for the Bamster out there, and so they're trying to ramp up all kinds of fictional imagery to convince you things are great when they are not.
That was almost two weeks ago. Obummer’s approval is now -7.
Wait til September jobs report hits and all the seasonal jobs go south as well. Good night.
this has been on Rush’s website for over a week now, filling space while he is on vacation
That’s true, but it doesn’t make it any less correct, just dated. The BO group before the election kept saying things were as bad as the Great Depression now they say they didn’t know how bad it was when they took over, Is that to say these economic historians didn’t know how bad the Great Depression was when they made the charge in the first place? It was THEIR COMPARISON!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.