U.S. Unemployment Rate Jumps back Up to 7.9%; CNBC’s Rick Santelli Chants, “We are Europe” while Liberal Economists Try to Spin News as Good – Video 2/1/13
The January 2013 Jobs Report is out, and it shows the Unemployment Rate rose back to 7.9% from 7.8%. The incomparable Rick Santelli reacts in the video above to the jump in the Unemployment Rate, and the attempts by the Left-wing economists to spin it as good news. Santelli chanted several times what he said the other day – “We are Europe.”
NOTE: Remember back in October 2012, before the Election, when Santelli questioned the drop below 8% in the rate despite terrible numbers?
The uptick in unemployment is probably just the President’s Jobs Council staffers being let go.— jimgeraghty (@jimgeraghty) February 1, 2013
POOF: Another 170,000 disappeared in January… drudge.tw/XNqMqz— DRUDGE REPORT (@DRUDGE_REPORT) February 1, 2013
Recall that according to Team Obama’s 2009 stimulus projection, we should be closing in on 5% unemployment right now— James Pethokoukis (@JimPethokoukis) February 1, 2013
Unemployment rate ticks up from 7.8% to 7.9% – wrong direction! soc.li/yb7RI3P— Greta Van Susteren (@gretawire) February 1, 2013