RUSH: We Never Got Out Of The Recession

RUSH: As you know, ladies and gentlemen, we like Kirsten Powers, who is an infobabe on Fox.  Kirsten Powers, she’s extremely bright, she’s objective, and she’s very fair.  And that’s why I’m puzzled by this next sound bite.  This was last night, Special Report with Bret Baier, and they were talking about the economy and the latest polling numbers.  Bret Baier said to Kirsten Powers, “You take a look at the latest Fox poll, the president on the economy, 38% approve, 59% disapprove.”

POWERS:  As bad as these numbers are, you don’t hear any serious economists talking about us going back into a recession.  You saw how Wall Street responded to this, which is really to not respond.  So I think that there are a lot of economists who just see this as an aberration, something that is the result of bad weather.  It’s possible health care spending could have something to do with it, but they mostly see bad weather as being the primary problem, and there’s been a lot of comparisons to the last time this happened in 2009.  However, we have to remember that we lost millions of jobs then, and we added hundreds of thousands of jobs this time.

RUSH:  Now, this just doesn’t jibe.  In the first place, she’s talking about the 3% contraction of the economy in the first quarter.  It didn’t happen in 2009.  It’s the first time it’s happened since they started keeping such data.  This is historic.  There hasn’t ever been a 3% contraction.  The truth of the matter is, ladies and gentlemen, we never got out of the recession.  They might be able to have a formulaic way of measuring recession versus growth and depression, the number of quarters in a row where the economy doesn’t grow.

The fact of the matter is, we’re not producing the kind of jobs that lead people into the job market with vigor.  They’re not the kind of jobs that lead to careers.  Entrepreneurism is taking a hit.  There really isn’t any significant, quality job creation going on.  And it’s getting even worse because of the influx of illegals crossing the border now.  There hasn’t been any serious reaction from serious economists, so this is a one-off.  “The economy, I mean, you look at recent numbers, the economy is actually doing quite well right now.” The economy hasn’t been doing well in six years.

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