RUSH: Here’s Benjamin Bernanke. He is the Federal Reserve chairman. This is in Arlington, Virginia, this morning, at the 2012 Economic Policy Conference of the National Association for Business Economics. Here’s just 15 seconds of Bernanke…
BERNANKE: Conditions remain far from normal, as shown, for example, by the high level of long-term unemployment and the fact that jobs and hours worked remain well below pre-crisis peaks. We cannot yet be sure that the recent pace of improvement in the labor market will be sustained.
RUSH: Well, that’s just wonderful. (chuckles) Obama in South Korea, can you imagine what he did when he heard what Bernanke said? So here’s the Fed chairman saying (paraphrased): “Wait a minute, all this so-called good news in the unemployment numbers, we probably can’t keep that up.” Now, there’s a reason for this, according to the way they tabulate the number. If people think economy is improving — and the media is trying to tell ’em it is — and thus they reenter the job market and try to find a job, they then, once again, will resume being counted as unemployed. People who have left the job market and are no longer looking for work are not counted as unemployed. So if those people, or some of them, start looking for work again, they will be counted, and the unemployment number will go back up. Even while there is supposedly economic growth going on. That’s probably what Bernanke’s talking about. It could be worse. Bernanke could be saying that the economy itself is going to slow down, and thus hiring will slow down and whatever. He’s preparing these people for forthcoming bad news on unemployment.
Now, let’s move on to Rick Santorum. Santorum has a campaign ad in which he describes life in America as “Obamaville.”
ANNOUNCER: (dramatic music) Small businesses are struggling, and families are worried about their jobs and their future. The wait to see a doctor is ever increasing, gas prices through the roof, and freedom of religion under attack. And every day the residents of this town must come to grips with the harsh reality that a rogue nation, and sworn American enemy, has become a nuclear threat. Welcome to a place where one president’s failed policies really hit home. Welcome to Obamaville.
RUSH: (whispering) “Welcome to Obamaville.” I was particularly gratified to hear this Santorum ad because let’s go back to January 19th, 2009. This is a couple days before Obama is immaculated.
RUSH ARCHIVE: “Obama can save us,” say Americans, “as polls show wave of optimism sweeping the nation.” You know, and he did. He gave a speech of optimism yesterday. He did. He gave a speech about personal responsibility. We talked about it in the first hour. The problem is that the people who are responsible in this country are the targets in Obamaville. At any rate, if America believes that only Obama can save us, they must believe that change is going to happen. I don’t think they know what change; I don’t think they care. But I do, and I want to see change tomorrow. I am not going to wait. I am expecting miracles. I am part of the cult that believes Obama is for hope and for change and it’s happening tomorrow! It’s going down tomorrow, and the day after that, and it’s gonna change!
RUSH: That’s the day before The One was immaculated, and I’d started calling it Obamaville back then. So I was gratified to see it and hear it in Santorum’s commercial.
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