CNBC Reporter Attacks Hosts for Trying to Spin Jobs Numbers
- Posted on February 4, 2011 at 2:18pm by
Jonathon M. Seidl
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CNBC’s Rick Santelli is gaining quite the reputation. Not only do many credit him with sparking the Tea Party movement, but in the past he’s also chastised Democrats for opposing the reading of the Constitution. Today, he gives the world another great clip when he lashes out at his colleagues for trying to defend the “positive” job numbers (see here for background):
From the Media Research Center:
The mainstream news media will likely latch on to the dropping unemployment rate, despite job gains that were less than one-fourth of the consensus estimate of 148,000 jobs added. One of the CNBC panelists noted that the increase was “way below consensus.” [...]
“[W]e have overwhelming evidence the jobs market is disappointing, and all of you are trying to look for that one half of spaghetti in a 50 lb. spaghetti bowl. This is not great data,” Santelli claimed. “We know that the U6 probably gives you a better indication of the true unemployment rate …”
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Comments (97)
Angelacw
Posted on February 4, 2011 at 3:42pmBank Bailouts Explained – http://www.youtube.com/watch?v=yipV_pK6HXw&feature=mfu_in_order&list=UL
Quantitative Easing Explained – http://www.youtube.com/watch?v=yipV_pK6HXw&feature=mfu_in_order&list=UL
Report Post »Angelacw
Posted on February 4, 2011 at 3:39pmHas everyone seen “the Bernanke” videos on YouTube? They are entertaining and very educational.
Quantative Easing Explained – http://www.youtube.com/watch?v=PTUY16CkS-k&feature=related
Report Post »Bank Bailouts Explained – http://www.youtube.com/watch?v=yipV_pK6HXw&feature=mfu_in_order&list=UL
Cabo King
Posted on February 4, 2011 at 3:33pmlove ya rick!!!!! but watch what you say, msnbc will cut you loose
Report Post »troyvar
Posted on February 4, 2011 at 3:15pmI think he should follow Dennis Neil’s move to FOX Business. While I’m not a fan of Dennis, Rick seems to be a stand up guy and I think he’d be a great addition to the FOX team.
Report Post »troyvar
Posted on February 4, 2011 at 4:04pmIf Rick could do a desent job of reading the regular news, I’d be glad to trade Shep for him. :-)
Report Post »docgreen
Posted on February 4, 2011 at 3:13pmMan, is there anythng this president does real, or is everything a lie? So were taking and listening to their numbers? If you ask me, the real Deficit about 20 trillion! Why, or how does Satan (BO) get way with this Sh_t? I would bet, just like the dictator in Egypt Obama’s piggy bank is probably about 20 Billion by now!…. Thats what they say Mubarak has; but hes been there for 30 years! Obama‘s been in office two and half years and I bet he’s past 20 billion! He’ll just say its a wellfare project!
Report Post »rfycom
Posted on February 4, 2011 at 3:12pmTo quote a very wide couple of enterprising fellows: Cheech and Chong. Things are tough all over.
Report Post »cece959
Posted on February 4, 2011 at 2:59pmSo in one month they want us to believe that the unemployment rate went from 9.4% to 9.0%, and we should be singing “Happy days are here again” because 36,000 jobs were added. Well break out the champagne – 36,000 new jobs. Are they government jobs? I don’t believe these numbers for one fat minute.
Report Post »integrican
Posted on February 4, 2011 at 4:31pmIf .4% = 36,000 jobs that must mean creating 846,000 jobs will bring us to 0% …Great almost there…..what? ……there are 1,500,000…people out of work? That can’t be! Because what we just reported would be wrong!!! We are NEVER wrong!!! ….Pay no attention to that man behind the curtain!
Report Post »chuck
Posted on February 4, 2011 at 8:20pmUse actual head counts: from usdebtclock.org
Total workforce: 138,502,533
Report Post »Total actual unemployed: 24,649,682
Grandpa's Attic
Posted on February 4, 2011 at 2:48pmWe are really at 15% unemployment and the system, in order to get a job is a joke. This is not new news
Report Post »Hisemiester
Posted on February 4, 2011 at 2:45pmAll those who got a job in January please stand up
Report Post »Hisemiester
Posted on February 4, 2011 at 2:44pmAll those out of a Job please stand up.
Report Post »psst
Posted on February 4, 2011 at 2:44pmThe MSM just announced that Egypt now have full employment today.
Report Post »That Mubarak sure knows how to create jobs quickly.
See, now that all the job seekers/unemployed, those seeking and those that have stopped seeking are no longer seeking a pound or even a strand of spachetti.
See, there are not even a small bowl of spaghetti in Egypt, muchless a large one.
Sooo! Why try to find even 1/2 of a strand. of spaghetti anywhere.
Yes, we have NO spachetti. NO spachetti today.
Or tomorrow or the day after . Stop looking.
Mubarak does not want to count you as one looking for spaghetti. Not even looking for 1/2 a stand.
I heard Spain used to make green spaghetti, but now, even they are out of green spaghetti
That would mean he would have to count you as a seeker of spaghetti.
NickDeringer
Posted on February 4, 2011 at 2:41pmThanks, Rick, for having the courage to speak truth to power.
Report Post »mrzmac
Posted on February 4, 2011 at 2:40pmThank you Mr. Santelli for speaking the truth!
Report Post »Echad
Posted on February 4, 2011 at 2:39pmYou shouldn’t believe any statistics that come from this administration. All smoke & mirrors! If you add 30 million people to health care it will be cheaper, global warming and now employment stats. Is anything coming from the white house based in actual facts?
Report Post »SREGN
Posted on February 4, 2011 at 2:38pm“A toad in a well only sees part of the sky.” – Karl Pilkington
Report Post »grandmaof5
Posted on February 4, 2011 at 2:30pmWith elections around the corner, 638 days, the spin is just beginning. I‘m sure with Obama’s creative “think tank” by the time his campaign rolls around he will have unemployment at 5% and everything will be lollipops and just dandy, no need to “hope” anymore because everything has “changed”.
Report Post »Snowleopard {gallery of cat folks}
Posted on February 4, 2011 at 5:54pmAfternoon Grandmaof5, looks like another set of progressives are at war with one another again.
Hope all is fine in Fl, expected to be another cold night in AZ; heard from my mother, the hand she got bit on is hurting her due to the weather (note, I will not use the exact words she used for the sake of politeness). Keep warm and keep the cats away from the gators – the cats may run out of gators to make Gator Aid from.
Report Post »RestoreCapitalism
Posted on February 4, 2011 at 2:29pmAnd the left will continue to spin every skewed piece of data they can find.
Report Post »CatB
Posted on February 4, 2011 at 2:51pmWorking for the MSM (Obama Administration) is hard work .. ignore those who have lost their homes … ignore the homeless (included in the first number) ignore those who can’t find full time work … ignore Church food pantries and soup kitchens that are seeing record numbers of people who they have NEVER seen before .etc… It must be hard to ignore what is STARING YOU IN THE FACE! btw .. while MO tries to cut calories in the schools .. perhaps some of those kids need those .. they don’t have parents who can take them out for Ice Cream and junk food all the time! Or Vacations in swanky mansions ….. Elitists really “get my goat”!
Report Post »WILLIAM E.
Posted on February 4, 2011 at 2:29pmRick is a realist.
Report Post »petestreet
Posted on February 4, 2011 at 2:28pmWe will soon have jobs, some will run the reeducation camps, others will bury or burn those who didn,t learn.
Report Post »vennoye
Posted on February 4, 2011 at 2:26pmGood for Rick! Used to trust information from CNBC……..don’t feel like I have been able to do that for the last few years!
Report Post »rubintheartist
Posted on February 4, 2011 at 2:26pmLiars hate the truth. See how the people of Hairmerica deal with liars. watch the animated comedy movie here…http://www.marcrubin.com/Hairmerica.ivnu
Report Post »Dustyluv
Posted on February 4, 2011 at 2:25pmSpin was in…then a wrench…The TRUTH…Bogus crap from the Government. 16.1 is not the unmeployment rate. Its more like 25.1!!
Report Post »Robert-CA
Posted on February 4, 2011 at 2:25pmLook around you & you know that the economy is really bad , instead of listening to loons .
Report Post »DashRipRock
Posted on February 4, 2011 at 2:34pmactually the economy isnt that bad here in Texas
our unemployment is only 6.5%
and we have the most illegal aliens
Report Post »Robert-CA
Posted on February 4, 2011 at 2:47pmDASHRIPROCK
Posted on February 4, 2011 at 2:34pm
actually the economy isnt that bad here in Texas
our unemployment is only 6.5%
and we have the most illegal aliens
Report Post »__________________________________
I agree with you 100% + a lot of big companies left CA for TX because of stupid regulations & taxes , people from CA are moving to TX or AZ , I have friends in Houston & they’re doing well .
roast
Posted on February 4, 2011 at 3:56pmCould be 0%
Report Post »SUPPLY_SIDE
Posted on February 4, 2011 at 9:53pmI have an Aunt that moved from CA to TX about 15 years ago. She mentioned that they are considering moving back to CA. I said “WHY”?
Report Post »Independent American
Posted on February 4, 2011 at 2:23pmThe unemployment rate does not include those who have stopped looking or those who have settled for underemployment. Those numbers are staggering.
Report Post »aLinedog
Posted on February 4, 2011 at 2:28pmIt likely fails to include any that refuse to enlist government aid, or welfare as well.
Report Post »Pipestr
Posted on February 4, 2011 at 2:45pmU6 – which Santelli stated at 16 +% does include those people – I have seen anywhere between 16 and 21% for U6 recently. Anything over 8% for U6 is horrendous!
Report Post »Enuff Zenuff
Posted on February 4, 2011 at 3:03pm.
Right on the target ALINEDOG!
I’ve gone through several periods of unemployment without applying for a dime from the government even though I was “entitled” to do so. It would be inconsistent with my espoused principles to rail against big government and then participate in it… So I wasn’t counted in the unemployment statistics.
I can also attest that – at least here in Michigan – the number of unemployed people who are no longer able to claim jobless benefits and thus have fallen off the statistical rolls – is staggering!
Report Post »dwntwnbrowne
Posted on February 4, 2011 at 3:33pmExactly correct. As an econ man myself, the true numbers are staggering. It’s called a “discouraged worker”…look for this and you will get the real picture of the job market
Report Post »bikerr
Posted on February 4, 2011 at 2:21pmAll employment,or unemployment numbers are fake anyways.
Report Post »Snowleopard {gallery of cat folks}
Posted on February 4, 2011 at 2:26pmAgreed here, the amount of unemployed still is not a real accounting of underemployed, those who are not looking for jobs, and those working off the books to make ends meet. The administration is still cooking the books once again.
Report Post »rubintheartist
Posted on February 4, 2011 at 2:28pmWhat’s wrong with providing a truthful arguement? See how the people of Hairmerica deal with liars in this animated comedy movie http://www.marcrubin.com/Hairmerica.ivnu
Report Post »SLARTIBARTFAST
Posted on February 4, 2011 at 2:29pmSaying what he did on CNBC probably means HE will be adding to the unemployment figures.
Report Post »Rogue
Posted on February 4, 2011 at 2:31pmLet‘s just hold off judgement until we see the Congressional Budget Office’s numbers. I’m guessing our unemployment rate will be down to about 2%.
Report Post »BMartin1776
Posted on February 4, 2011 at 2:34pmSantelli is working for the wrong company. Im surprised he has lasted this long esp after calling for a Tea Party cpl yrs ago.
The numbers are bogus, the way the rate is being calculated is insane where if every person in the US is unemployed but nobody is looking for a job then the unemployment rate is zero
These dolts spewing lies need to be confronted would be nice to see stuff like this on other networks but too many put their wallet and status in front of morals and ethics.
Take back America though http://www.savingtherepublic.com
Report Post »Pipestr
Posted on February 4, 2011 at 2:43pmThere IS a lot of deception – Kudos tho for mentioning U6 – which DOES include under-employed, and those who have simply given up looking (16 +%).
What is laughable to me is, how they want to look at ‘new claims’ for unemployment. In this world, that is like saying a man is getting better, because he only lost 2 pints of blood, and he lost 4 pints the day before! Once he bleeds out, he will lose none – does that mean he is all better? LMAO!
Report Post »mdlwoods
Posted on February 4, 2011 at 2:43pmCNBC can’t get rid of him! He’s the only one on the network that people actually watch!
Showtime
Posted on February 4, 2011 at 2:45pmStatistics are to be questioned when presented by a Progressive.
The lower unemployment rate does not include those who have fallen off the unemployment checks and have given up looking for jobs.
The “rise” in employment came with the installation of a Republican House of Representatives. That is the ONLY “HOPE” that Americans have been thrown! If we can get a majority in the Senate and elect a CONSERVATIVE Republican president before the Progressives accomplish rioting in the streets, we’ll be okay, I think. I pray so, anyway.
expatinontariocanada
Posted on February 4, 2011 at 2:52pmI love Rick Santelli! He’s the only one on that network who speaks the truth. Hey Rick, move over to Fox Business. You’ll dig that as much as Glenn did when he came over from HLN.
Report Post »CatB
Posted on February 4, 2011 at 2:57pmFunny I knew who this would be before I even read the article …. way to go Rick!
Report Post »GeorgieJo
Posted on February 4, 2011 at 3:20pmCZAR of Spin the unemployment numbers IS working feverishly just in time for BHO’s campaign…..
Report Post »Mister President
Posted on February 4, 2011 at 3:48pmNero fiddled while Rome burned, Mr. Obama. At least Nero didn’t throw gasoline on the fire, though.
But this ship can’t sink!
She’s made of iron, sir! I assure you, she can… and she will. It is a mathematical certainty.
Within the next few years, interest on the debt will consume much of the budget. That 10-YR yield they were talking about… Well, if interest rates go up, the debt becomes even more expensive to service. Borrowing money will become impossibly expensive. There are models that predict a technical default within the next five years. We could soon meet the technical criterion for a downgrade on our debt. Titanic will founder.
All roads lead to America…
Report Post »NeoFan
Posted on February 4, 2011 at 4:12pmI have a job so the unemployment rate is 0. If I loose my job its 100%. Thats what they are trying to tell Rick.
Report Post »suttonea76
Posted on February 4, 2011 at 4:52pmWhat REAL economists look at when gauging employment ebb and flow is the increase in state and federal tax revenue, a prorated increase in the state and federal GDP and less people currently collecting unemployment while still eligible. You see, liberals can’t do math and when more people are working now from last month will show a clear indication of higher tax revenue and more money being paid out from payroll, which must be legally reported by every business due to payroll tax. THAT proof will be undeniable as to the shrinking unemployment. Fudging numbers is what Bernie Madoff and Enron did so don’t let idiot Obamanomics distort your brain. If the Obama administration was smart enough to look at those figures, they would be able to accurately portray our real unemployment stats, but they consistently fail to show why these numbers drop which is a clear indication that they haven’t. Everybody salivates at real proof, so not having any proof to speak of is irresponsible reporting. C’mon liberals, you gotta do better than that since you apparently think we are stupid…..wrong again!
Report Post »Cobra Blue
Posted on February 4, 2011 at 5:13pmCBO…more like BO. Blah..blah…blah…Hey we all know the government cooks the books. Real unemployment is about 17%..Selah…..Just like the inflation numbers are minus two key components…food and energy. These guys are just rearranging the deck chairs on a fast sinking ship….. the USS United States. Living in truth will pay more dividends in the end than living in denial.
Report Post »CultureWarriors
Posted on February 4, 2011 at 6:27pmThe real unemployment number is currently 19.7% any other number reported is a fraud.
chuck
Posted on February 4, 2011 at 8:16pmTell ‘em like it is Rick, you’re one of the few who still has a brain, AND USES IT!
Report Post »chuck
Posted on February 4, 2011 at 8:38pmThe Gov’t plays with all the numbers and presents us with wonderful statistics, which can easily be manipulated. I remember a man once said this – …like sheep they will be lead silently to the slaughter.
Me hopes not! A word or two…
We The Sheeple,
Standing in our Steeple;
Singing songs of priase,
Just before the midnight blaze.
Be not silent in your ways,
Value honor all your days.
Stand tall, be free and true,
To the Land of Red, White and Blue.
Seek and ye shall find
Report Post »DisillusionedDaily
Posted on February 4, 2011 at 8:49pmNaturally the unemployment rate is going down. The president is gearing up for his re-election campaign! It will continue to drop, then in March or April, 2012, just before the primaries, it will dip to about 7.6% or 7.7% because Obama knows he won‘t have a chance if it’s over 8%.
“You must be able to analyze statistics, which can be used to support or undercut almost any argument.”
Report Post »Marilyn vos Savant
independentvoteril
Posted on February 5, 2011 at 12:24am@ those OFF the book jobs no longer exist at least NOT for the CITIZENS of this country.. LOL.. Citizens use to get an after work job a few days a week doing dishes, busing tables even waiting on tables but those days are gone..and have been for the last 10 years.. many small businesses have closed and the others use illegals.. heck even babysitting has become a money maker for the government.. they give the mothers part of the money to pay a baby sitter but ONLY if they give them the SS# of their babysitter.. However.. I do know some illegals who baby sit for each other and work cash jobs and pay NO taxes.. they are totally off the grid.. I do know many who have given up looking.. Mostly it’s those who are near retirement age.. and while they claim everyone needs to be retrained that is NOT the problem.. the problem is the few jobs out there are in things like warehouses.. now what kind of training does someone in their late 50′s need to work in a warehouse.. weight lifting??
Report Post »oldoldtimer
Posted on February 5, 2011 at 10:51amEvery stat the gov’t puts out is a lie. Every single one. They only count that which has little effect or negative effect on economic indicators. Inflation, unemployment, jobs growth. It does not matter they are all lies meant to make politicians look good. Why is food, fuel and HC indexed? So they have little effect on reported inflation. Inflation is under reported(1% , actual 12%) Same with unemployment(reported 9% actual 19.2%) So why should we believe any data supplied by the gov’t? We should not. As Joe Wilson said“You lie”. Still waiting for the WH to tell me how jobs saved is calculated.
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