Rick Santelli Blasts Liberal Media’s “Ostrich Economics” (Video)
Rick Santelli blasted the liberal media’s reporting on today’s dismal unemployment numbers. The CNBC star ridiculed the “Ostrich Economics” being pushed by the Obama-media.
Here’s Santelli on the latest unemployment data.
There are some highlights I’d really like to hit. The first one is that about 41.3% of unemployed have been unemployed for 39.1 weeks. That is huge and pretty much says it all. This is the weakest recovery since the Great Depression. A whole 4/5ths of the drop of the unemployment rate is due to a drop in the labor force participation. It is the lowest since 1981.
Many of regiohal news shows were reporting on just the unemployment rate. That’s “ostrich economics.”