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Santelli Slams 'Surprise' Unemployment Data In Epic Screamfest

Tyler Durden's picture




 

While careful not to get drawn into the conspiracy-theory wonk camp, CNBC's Rick Santelli just connects the dots on last week's miraculous unemployment rate. In one of the most voluminous rants we can remember, Santelli - from a position of realist (and market whisperer) - argued with Liesman - from a position of 'but, but, the data must be true' - and summed it all perfectly "if I told you that you'd win the lottery tomorrow, and you did; wouldn't you wonder how did I know that?" With Langone also chipping in that he does not see anything in his business to suggest unemployment is improving at all - we think the bigger elephant-in-the-room is the Liesman 'comfortably-numb' line-of-questioning on "why did you think last month that this month's unemployment rate would be under 8%"; i.e., why did you think there would be manipulation? The answer is pretty obvious, especially as Santelli was proven 100% correct - "the current trend of these [jobs] numbers is so different from the current trend of any other numbers. If you were looking for conspiracies (and I'm not), you only need to change a certain number." Must Watch!

 

from 20-24 year old 'surprises' to participation rates amd part-time employment to real-world business - it's all here - and still Liesman can't back away from the 'data'...

 

 

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Tue, 10/09/2012 - 11:25 | 2871191 becky quick and...
becky quick and her beautiful mouth's picture

every day this just becomes a biger and bigger farce.

Tue, 10/09/2012 - 11:32 | 2871203 GetZeeGold
GetZeeGold's picture

 

 

Be careful.....someone is going to call you a racist.

 

Tue, 10/09/2012 - 11:33 | 2871216 Dr. Richard Head
Dr. Richard Head's picture

Some government entity needs to detain Santilli under the NDAA or Patriot Act. /sarc

Tue, 10/09/2012 - 11:36 | 2871235 redpill
redpill's picture

Santelli is clearly a domestic terrorist.

Tue, 10/09/2012 - 11:48 | 2871273 GetZeeGold
GetZeeGold's picture

 

 

 

Osama Ben-Santelli.....too bad Seal Team Six was devastated.

 

All we're left with is Delta Force.....no way those guys can pull something like this off.

Tue, 10/09/2012 - 11:52 | 2871318 Ahmeexnal
Ahmeexnal's picture

Can't blame the sheeple for not noticing a full blown collapse. They are too busy being passed out drunk:

http://www.thelocal.de/society/20121008-45427.html

 

Some 500,000 fewer people visited this year’s Oktoberfest than in 2011, but more revellers boozed to the point of unconsciousness, stats released Monday say. The Red Cross had to deal with more than 800 incapacitated binge-drinkers.

During the first week of Oktoberfest alone, about 445 partiers, most of them under the age of 30, considerably underestimated their alcohol tolerance – and the beer’s potency. The number of festival guests who drank themselves into a stupor was up by 20 percent, according to the Bavarian Red Cross.

Tue, 10/09/2012 - 11:58 | 2871342 economics9698
economics9698's picture

"It would not surprise me to see 7.9% unemployment announced before the election despite what the reality is."

One of my blogs dated 9-8-2012.

This shit is predicable.  It's a clown show for the below 100 IQ crowd.

 http://usa-wethepeople.com/2012/09/obamas-economic-record/

Tue, 10/09/2012 - 12:05 | 2871372 Thomas
Thomas's picture

Numbers cooked? Just look at the Birth-Death Model. You cannot get a less valid statistical treatment than that. It is rumored that the cooking started with LBJ. This is not exactly some fresh scandal nor does anybody I give a damn about reading think the numbers are straight.

Tue, 10/09/2012 - 12:29 | 2871454 Skateboarder
Skateboarder's picture

It's a complete and utter disgrace is what it is. Imagine the job postings that US Bullshit Labor Statistics puts up.

"Ever wanted to help milions of people with accurate data?
Ever wanted to fix the issue of unemployment?
Do you have experience in culinary arts?

USBLS is hiring! And we want you!

The following positions are open:

- Sr. Associate Bullshiter
- VP of Culinary Arts
- Director of Random Numbers
- Jr. Magician

We are also hiring for entry level liars. Send us your resume to bullshit at usbls dot com"

Tue, 10/09/2012 - 12:36 | 2871479 LMAOLORI
LMAOLORI's picture

 

 

Just doing God's work like the banks

Meet the Obama Donors at the BLS

Tue, 10/09/2012 - 12:52 | 2871535 GetZeeGold
GetZeeGold's picture

 

 

Meet the Obama Donors at the BLS

 

Dude.....what are you saying here?

 

Tue, 10/09/2012 - 13:13 | 2871606 Oh regional Indian
Oh regional Indian's picture

MEanwhile Timmay is in India talking his shtick.

Probably arm-twisting India to buy some T-Bills!

 

The US is optimistic about India’s growth prospects and hopeful that the Manmohan Singh Government’s new economic reform drive will bolster private investment and incomes, US Treasury Secretary Timothy Geithner said.

Ho ho ho!

Too funny, this clownshow. i'm sure he got the red-carpet...

http://www.thehindubusinessline.com/industry-and-economy/economy/article3981121.ece

ori

 

 

Tue, 10/09/2012 - 13:15 | 2871609 dwdollar
dwdollar's picture

Liesman would believe anything as long as it comes from the mouth of the bankers and their thugs the bureaucrats.

Tue, 10/09/2012 - 13:22 | 2871635 Meesohaawnee
Meesohaawnee's picture

only thing in fleecmans mouth is bernake's hot spunk

Tue, 10/09/2012 - 14:01 | 2871782 redpill
redpill's picture

Every time that arrogant shitdick starts talking they should just blare this in the background: http://www.youtube.com/watch?v=MK6TXMsvgQg

Tue, 10/09/2012 - 14:06 | 2871802 strannick
strannick's picture

Liesman tries to get Santelli to say ''corrupt''. Santelli says ''Im not going Nigel Farage. Im not going to pay a $5000 fine''. I frickin LOVE Rick Santelli

Tue, 10/09/2012 - 20:52 | 2873131 jerry_theking_lawler
jerry_theking_lawler's picture

I must tell the truth... I only watch CNBC around the 7:30c time frame to get a glimpse of the Santelli/Liesman show.....I saw this exchange this morning and had to laugh because it is good showmanship. RICK SANTELLI....please go Nigel Farage on his ass, I will pay your $5000 fine myself.

Also, if you are watching, please PM me. I will buy your dinner the next time I'm in Chicago....I just want to wear a Liesman costume and see what happens....

Tue, 10/09/2012 - 13:31 | 2871664 Global Hunter
Global Hunter's picture

there's a cliche, "he knows who butters his bread"...or something like that.

Tue, 10/09/2012 - 14:03 | 2871787 Harbanger
Harbanger's picture

Steve Liesman is a lying idiot, lets leave it at that.

Tue, 10/09/2012 - 14:19 | 2871856 ejmoosa
ejmoosa's picture

Worse, he believes the shit he says.

Tue, 10/09/2012 - 21:38 | 2873230 John Wilmot
John Wilmot's picture

I have to agree with the downvoter. Much as I'd like to say that Lies Man eats his own bull shit, I think he is...as the name suggests....a fucking liar.

Tue, 10/09/2012 - 15:01 | 2872016 SokPOTUS
SokPOTUS's picture

*Any* of those positions is a step up from Computer Screen Washer at the SEC.

Tue, 10/09/2012 - 21:57 | 2873269 John Wilmot
John Wilmot's picture

I'm picturing Lies Man in a magician's constume pulling a (dead and also severely retarded) rabbit out of his ass.

Tue, 10/09/2012 - 13:56 | 2871764 silverserfer
silverserfer's picture

Well can you really count tweeker meth heads and other various douchebag zombies. Nobody is EVER going to hire them. Would you even want them flipping your burger?

Tue, 10/09/2012 - 15:43 | 2872309 imbrbing
imbrbing's picture

I predicted 6 months ago to guys at work here that the unemployment numbers would get below 8% before the elections. I have to admit I started to get nervous, but obummer came through for me a the last minute.

Tue, 10/09/2012 - 12:21 | 2871429 Skateboarder
Skateboarder's picture

For the average male,

1-2 drinks: You are a gentleman and a scholar (assuming you're not an idiot to begin with).
2-3 drinks: You stop tasting the full taste and complexity/layering of any alcoholic beverage.
4-6 drinks: You stop caring about whether you're gonna get drunk or not.
6-8 drinks: You start fiending for more alchyhol.
8-10 drinks: You start drinking viciously, not caring for consequences the night of or the next morning.
10-12 drinks: Your true drunk self comes out, whether it be the belligerent asshole or the lovey-dovey hugs4everyone simpleton.
13-15 drinks: You think it's okay to drive blacked out. You might need help at this point.
15-17 drinks: You're blacked the fuck out and in a pool of your own vomit or breathing shallowly, passed out face-first in a bush somewhere. You might need to get your stomach pumped.
17-20 drinks: Ambulancia! Ambulancia!

Tue, 10/09/2012 - 12:27 | 2871439 Pegasus Muse
Pegasus Muse's picture

Oct 9, 2012

 

“Last Friday we saw the BLS report the largest one month gain (for the month of September) in the Number of Employed (+873,000) in the history of NonFarm Payroll Reporting.  The biggest gain since 1948.” 

--- Madeline Schnapp (TrimTab’s Director of Macroeconomic Research)

=============

There’s Something Very Fishy With the September BLS Unemployment Rate 

http://www.youtube.com/watch?feature=player_embedded&v=IV9NzX-Iebc

 

Tue, 10/09/2012 - 13:52 | 2871752 ParkAveFlasher
ParkAveFlasher's picture

Skateboarder, you've just described a parabolic move.

Tue, 10/09/2012 - 14:33 | 2871913 Skateboarder
Skateboarder's picture

Some parabolic goodness for yer entertainment. :)

https://www.youtube.com/watch?v=UCmbmqb4sys

Tue, 10/09/2012 - 16:55 | 2872555 Kiwi Pete
Kiwi Pete's picture

Wow that QE3 really works a treat!

Tue, 10/09/2012 - 13:45 | 2871723 Global Hunter
Global Hunter's picture

Well I'm on number 2 and on purpose only bought a 6 pack!

Fairly accurate list in my opinion.

Tue, 10/09/2012 - 14:12 | 2871832 Skateboarder
Skateboarder's picture

Splitting a sixpack with your friends is classic, but Jah smiles when everyone's got their own personal sixpack or personal growler (man I love growlers).

Tue, 10/09/2012 - 13:57 | 2871773 OldPhart
OldPhart's picture

Skateboarder

As with any pleasurable experience, pacing is critical.

Tue, 10/09/2012 - 13:09 | 2871561 q99x2
q99x2's picture

Wonder how Merkel is holding up against the Greek Nazis?

World's turning into a showfest of clamboring buffons that rivals the comment section of ZH

Yes! we are finally reaching parity.

Tue, 10/09/2012 - 13:41 | 2871700 Overfed
Overfed's picture

Of the few things that make me happier than seeing a German dressed in lederhosen passed out in the grass, one of them is seeing Rick Santelli going apeshit on Steve Lies-man.

Tue, 10/09/2012 - 21:17 | 2873175 John Wilmot
John Wilmot's picture

During the first week of Oktoberfest alone, about 445 partiers, most of them under the age of 30, considerably underestimated their alcohol tolerance – and the beer’s potency. The number of festival guests who drank themselves into a stupor was up by 20 percent, according to the Bavarian Red Cross.

What poor, unfortunate graduate of the American public school system wrote that article? If they underestimated their tolerance, they would have presumably drank less than needed to reach it and not gotten too drunk. If the idea is that they got too drunk, then they must have overestimated their tolerance. I'm not sure whether to classify this one as a logical or literary failure.

.....

Anyway, that was nice, the video. Nothing like seeing a couple actual human beings (Sentelli and Langone) amongst the propaganda machines otherwise known as the usual cast of CNBC.

Liesman, anytime anywhere biiiatch. Go fuck yourself.

Tue, 10/09/2012 - 13:38 | 2871699 Stock Tips Inve...
Stock Tips Investment's picture

The statistics have their own dynamics, which is also applicable to the unemployment statistics. If you look at the chart that appears in the video, you will appreciate that unemployment has been falling (albeit slowly) over the last year. What is the surprise? The surprise is that unemployment fell to less than 8%. Sooner or later this would happen. If such large amounts are injected into the economy and inflation does not rise rapidly, it is obvious that some kind of recovery will be appreciated. Although this recovery is ephemeral. Surely we can argue about the wisdom of Fed policy. We may disagree with the measures being taken. We know of the risks these bring to the U.S. economy, however, at this time, are helping to lower unemployment, are also helping to raise the price of gold.

Tue, 10/09/2012 - 12:51 | 2871530 YuropeanImbecille
YuropeanImbecille's picture

It's true about the education system and this has to do with the foothold of the liberals in education. over 90% of all teachers and faculty jobs are performed by hard core liberals with great dreams of marxism in their crosshairs.

 

In the 1930's this was called "jooish Science" 

Tue, 10/09/2012 - 14:25 | 2871878 silverserfer
silverserfer's picture

so are you saying that everyone should be like you and be homeschooled and still have their mom give them a bath at age 49?

Tue, 10/09/2012 - 21:42 | 2873238 John Wilmot
John Wilmot's picture

If the only two options are (a) let the State turn little Jimmy into an obedient retard, or (b) let Mom bathe little Jimmy until he's 49, well then we're fucked, eh? However, seems to me there might, just maybe, be a third option. I once heard this wild idea that when there's a demand for some product, and this product can be produced and sold for more than the cost of production, people produce it and sell it to those who demand it. As far as I know, this idea is not limited to iShit, but applies equally well to education.

Tue, 10/09/2012 - 12:05 | 2871374 NidStyles
NidStyles's picture

I was called a racist and NAZI a total of three times this morning. I was also told that Austrian School is directly from Malthus because Webster Tarpley says so.

Tue, 10/09/2012 - 12:21 | 2871427 greyghost
greyghost's picture

anyone else tired of this ass wipe? where the fuck was this ass when the republicans were in office and "ALL" the numbers and books were cooked?? just another cry baby because his man ain't in the office! hell the bls has been cooking the books for decades! "NOW" we have a "problem"?????? screw this clown and his four year old tantrums

Tue, 10/09/2012 - 12:35 | 2871475 PeterSchump
PeterSchump's picture

Santelli when Bush was in office:

 

http://www.youtube.com/watch?v=I-1g0OZJIdk

 

Tue, 10/09/2012 - 13:08 | 2871578 greyghost
greyghost's picture

please don't insult us with this nonsense. this idiot has spent his whole life in the "business" of cheer leading the markets on with phony figures under every rock you can turn over. the list is so over the top long on cooking figures with the goverment and the fed and the banks and business in america! where the hell has this nimrod been for thirty or forty years, picking out pom poms for the next cheer fest? this so called father of the "tea party" was where exactly while the "business as usual" crowd co-opted the movement? THROWING TANTRUMS LIKE A FOUR YEAR OLD? i say phony inside and out!

Tue, 10/09/2012 - 13:39 | 2871698 Global Hunter
Global Hunter's picture

You underestimate the power of brainwashing, I'm a 38 year old spent nearly 15 years in banking/finance and 8 on equity trading desks (most of that as a trader) and I realized what was going and figured it out when Fukushima happened and I discovered ZH.  My point is, its not so easy and takes a fair bit of fortitude to wake up and draw your own conclusions.  He seems to be where most of the rest of who read ZH are, good for him NOT what took him so long in my opinion.

Tue, 10/09/2012 - 14:06 | 2871801 Mad Mohel
Mad Mohel's picture

The difference being he had a soapbox to stand on to spew the company shit, so he directly had a hand in the fleecing of the public. What's the penance for the crimes? He needs to literally beat the living fuck out of Liesman on air!

Tue, 10/09/2012 - 17:18 | 2872609 MrTown3
MrTown3's picture

Excuses excuses...

Tue, 10/09/2012 - 21:48 | 2873252 John Wilmot
John Wilmot's picture

Tarpley and the LaDouche cult in general are a bunch of fucking idiots. Well, to be precise, LaDouche is a successful megalomaniac, who has managed to draw in many fucking idiots like Tarpley. It's not just that their worldview is based on fiction, it's that once you get behind their prepared remarks, you realize they have...literally...nothing else to say. They are a high school rhetoric club run amok.

Wed, 10/10/2012 - 08:05 | 2874031 Death and Gravity
Death and Gravity's picture

Spot on.

Tue, 10/09/2012 - 12:27 | 2871443 El Oregonian
El Oregonian's picture

Would suggesting that our economy is slipping into a very "Dark" period. Would this be classified as racist?

Tue, 10/09/2012 - 13:42 | 2871713 Overfed
Overfed's picture

Absolutely.

Tue, 10/09/2012 - 14:41 | 2871945 darteaus
darteaus's picture

RAY-CYST!

Tue, 10/09/2012 - 11:55 | 2871334 Gully Foyle
Gully Foyle's picture

becky quick and...

I'm waiting for someone to wheel out Gomer Pyle, " Surprise, Surprise, Surprise".

Tue, 10/09/2012 - 12:51 | 2871534 earleflorida
earleflorida's picture

man... Becky looks awfully good in 'white lace'- and with that smile... je`nais`se`quoi,...

jmo

Tue, 10/09/2012 - 13:41 | 2871708 Global Hunter
Global Hunter's picture

I noticed her right away too, but I thought it was because my wife has been away for a while and I was edgy...guess it wasn't just me :)

Tue, 10/09/2012 - 12:07 | 2871379 withnmeans
withnmeans's picture

Did you hear Langone in the background say OH SHIT  at 4:20 in

FUNNY

Good Job Rick!

Tue, 10/09/2012 - 12:29 | 2871450 FrankDrakman
FrankDrakman's picture

No, but I heard Kernen tell Leishman "Because I'm tired of listening to you", which I found LOL funny.

Tue, 10/09/2012 - 12:54 | 2871542 azzhatter
azzhatter's picture

LIESman had at least wiped the Bernanke jizz off his face today. Sometimes he's still dripping

Tue, 10/09/2012 - 13:23 | 2871639 machineh
machineh's picture

I can't stand listen to that porky schmuck shouting over others.

As soon as that happens, the TV gets turned OFF.

LIESman -- shrinking CNBC's ratings every day!

Tue, 10/09/2012 - 12:19 | 2871421 SmallerGovNow2
SmallerGovNow2's picture

Gotta love Santelli though....

Tue, 10/09/2012 - 13:56 | 2871763 ParkAveFlasher
ParkAveFlasher's picture

The pit was cheering him.  Hear them roar over the lottery comment.  Great stuff.

When the SHTF we see who's got beef and who's got lightweight soy-stuffed patty.  Conversations like this are exploding all over the country.  Those who side with truth, ring true.

I love shit like this.

Langone is every great uncle who ran the dinner table I've ever had.  His words about an unequipped youth are tremendously accurate.

Tue, 10/09/2012 - 14:40 | 2871941 Zero Govt
Zero Govt's picture

Rock On Ricky

..until CNBC drags you off with "early retirement"

Tue, 10/09/2012 - 12:35 | 2871474 earleflorida
earleflorida's picture

quite... it does get unbearable at times, but the 'Rickster' makes it tolerable

it seems the 'BLS Bakery' is using much more yeast of lately... 

Tue, 10/09/2012 - 12:42 | 2871496 Cult_of_Reason
Cult_of_Reason's picture

"On a two-month basis, the household survey has shown the largest growth in government jobs — 604,000 — since the report started being tabulated in 1948, Lavorgna added."

Economist Questions Growth in Government Jobs

http://blogs.barrons.com/stockstowatchtoday/2012/10/05/economist-questions-growth-in-government-jobs/

Tue, 10/09/2012 - 15:54 | 2872352 sgorem
sgorem's picture

PLEASE!!!??? Someone japslap that piece of shit Liesman! What a waste of fucking oxygen that some third world fanatic could be using. Go get 'em Rick, we ALL know the Black Magi Magician and his "limp-node" cohorts are desperate. Keep the heat on these bastards, spread the word, (like it would do any good in La La Land), rebel, argue, dissent, fuck, do something constructive to bring some semblance of a Democratic society back to this part of the world. FUCK everybody else.......................

Tue, 10/09/2012 - 11:27 | 2871197 FL_Conservative
FL_Conservative's picture

That's because LIESman is a RETARD.

Tue, 10/09/2012 - 11:36 | 2871236 krispkritter
krispkritter's picture

Liesman is Krugman in drag...

Tue, 10/09/2012 - 11:40 | 2871254 WALLST8MY8BALL
WALLST8MY8BALL's picture

WOMANBERNKRUG!

Tue, 10/09/2012 - 21:53 | 2873263 John Wilmot
John Wilmot's picture

And he's super serial

Tue, 10/09/2012 - 11:38 | 2871248 Beam Me Up Scotty
Beam Me Up Scotty's picture

Where is Benny Hill when you need him?  Steve needs the Benny Hill slap on that bald head of his.

Tue, 10/09/2012 - 12:00 | 2871355 brak
brak's picture

the promlem is LIESman always goes full retard

Tue, 10/09/2012 - 12:50 | 2871512 Renewable Life
Renewable Life's picture

Leisman is a retard, but so are the rest of these ducking hypocrites like Jacky GE and dipshit Trump, who are nothing more then elite kings who don't want to pay taxes! Where were these assholes when the biggest asset bubble, since tulips where $125 a piece, was raging from 2002-2008 and they were swimming in stocks!! Then the fuckng government numbers where like religion, unemployment at 4.5% and inflation subdued, remember!!! Every shitty 1200 sq ft home in California was worth $450,000 and jack and trump where on cnbc every fucking day, proclaiming it was the beginning of the next "American Century" and we where the smartest human beings to ever live in the history of earth!!! Those fucking government statistics where never questioned then, where they??? But now, when these sorry POS's taxes might go up fucking 3-5% in the next 60 days, holy shit it's all a conspiracy!!!

God I can't wait for Romney and his fucking clown crew to get in the WH, Joseph Smith is laughing his ass off, sitting on his planet somewhere in his magic underwear, right now!! But what will be funnier then ol Joseph getting the last laugh, will be watching all these brainwashed republicans piss themselves, as Mitty rolls out Obamacare, hugs Bernanke, lets the Bush tax cuts expire, and spends more borrowed money then anyone thought possible!!! And they won't be able to scream foul, it will be THEIR boy! Then we can watch all the wacko's on the left reappear and all these fucking wacko's on the right, can take a nap!! The "black, socialist, foreigner, secret Muslim President" will be gone, BUT not a fuckng thing will change!!!

Tue, 10/09/2012 - 13:35 | 2871684 Esso
Esso's picture

That seems to be a pretty fair assessment of the situation, RL. +1

Tue, 10/09/2012 - 13:36 | 2871689 ITrustMyGut
ITrustMyGut's picture

+1,000,000,000,000

Tue, 10/09/2012 - 13:58 | 2871776 ParkAveFlasher
ParkAveFlasher's picture

I think it's awesome that it's not just me that doesn't want to pay taxes.  I follow the rich man who doesn't pay taxes. 

So far, the only thing I like about Romney is that he successfully evaded taxes in broad daylight.  How do I get on that bandwagon?

My junkers are kidding themselves.

Tue, 10/09/2012 - 15:53 | 2872348 imbrbing
imbrbing's picture

squared

Tue, 10/09/2012 - 16:03 | 2872386 Renewable Life
Renewable Life's picture

And one more sidenote to all the ZHers, who love to scream its "the evil Jews who are behind everything bad in the world" (I'm paraphrasing)

You guys better wake the fuck up to the reality, that those boys at goldman sachs dont have shit on the boys in the temple in Utah!!!!! The jews at GS never got one of their own elected fucking president!!! Lmfao, the morman's got more secrets you'll never know anything about, then GS ever dreamed of having!!!! Mitty is about to get 75% of the Catholics and WASP's to vote him the Prez and his religion represents 45+ million people worldwide!! But there are 2 billion Catholics and Protestants worldwide!!!! It's the funniest thing I've seen or heard in my lifetime!! And the best thing about that is..... the first fucking paragraph of the LDS creation story is, a 14 year old Joseph Smith was visited in the flesh by BOTH god and Jesus Christ and they both told him, he was the chosen one and that he needed to establish a new church of Jesus Christ on earth, because Christs church NO LONGER EXISTED ON EARTH!!! Fucking Catholics, are you serious? This is your guy for prez!!!! At least the protestants have a tradition of religious irreverence and rebellion, but the Catholics stomaching this shit is almost as good as it gets in the hypocrisy category!!!! Oh well, like they say.... Only in America!!!!!

Tue, 10/09/2012 - 11:29 | 2871202 LongSoupLine
LongSoupLine's picture

I look at LIESman and want to take a fucking bat to his fucking FEDshill face.  Fucking shithead.

Tue, 10/09/2012 - 11:35 | 2871229 resurger
resurger's picture

i feel the same

Tue, 10/09/2012 - 12:18 | 2871414 LMAOLORI
LMAOLORI's picture

 

 

Did you catch that line after saying the numbers had been revised the past months he then said at 1 minute in that what Welch said about needing a hundred fifty thousand jobs that is old think and then said they also changed that number the last couple years.

Sounds to me like they just change whatever number they please to suit their purposes I suppose that would be called what new think?  I'm glad Santelli took that clown to the woodshed.

Tue, 10/09/2012 - 13:10 | 2871597 Ms. Erable
Ms. Erable's picture

Oldthink is doubleplus ungood thoughtcrime. A visit to room 101 is in order.

Tue, 10/09/2012 - 12:29 | 2871444 dogbreath
dogbreath's picture

Ghandi would steal a bat from a little league kid to smash LIESmans teeth out with it

Tue, 10/09/2012 - 13:27 | 2871656 machineh
machineh's picture

* shoves Gandhi aside *

Outta my way old fart, I'm gonna bust that asshat's face myself! (then sodomize him with the bat handle)

Tue, 10/09/2012 - 12:00 | 2871353 centerline
centerline's picture

It is getting easier and easier now to see who is towing the line these days.  Damn.

Tue, 10/09/2012 - 12:34 | 2871470 FrankDrakman
FrankDrakman's picture

This is the fourth time in the last three days I've seen "towing the line".

The expression is "toeing the line", and it comes from the military where when you get in formation, everyone's toes are supposed to be even on an imaginary line. What it means is that everyone gets in formation as dictated by the powers that be, and no one deviates from it by an inch. It has nothing to do with tow ropes or tow lines, or towing anything.

Sheesh.

Tue, 10/09/2012 - 13:39 | 2871701 Spastica Rex
Spastica Rex's picture

Hear, hear.

Tue, 10/09/2012 - 14:39 | 2871937 darteaus
darteaus's picture

In my experience, it was from prison, as in "Don't step over the dead line."

Just saying...

Tue, 10/09/2012 - 12:09 | 2871382 CPL
CPL's picture

He will be eating his own dog food soon enough.  Employment is worthless as an indicator.  Only need to go to a mall and count heads of those over 30 or show up for a free concert during the day.  People can see with their own eyes and understand how to count to ten using fingers and toes.

 

http://www.mdpi.com/journal/sustainability/special_issues/New_Studies_EROI

 

Things are worse than expected in EROIE in all neo-sweet light crude arenas that we may have inadvertantly accelerated the collapse by a slight miscalculation in production cost in terms of energy.  First canary in an energy coal mine is media.  It gets shut down first along with his job.  There are 13 news channels I know of off the top of my head.  I doubt anyone but the government one will be running after that point.

Tue, 10/09/2012 - 12:29 | 2871451 dirtbagger
dirtbagger's picture

Liesman pitches mainsteam status quo economics.  He knows who signs his check and is keeping his future options open.    He is just one clown among many on Squawk Box, no reason to get all upset. 

Tue, 10/09/2012 - 11:33 | 2871205 becky quick and...
becky quick and her beautiful mouth's picture

he has to be a government plant. the government has to be paying cnbc to keep him on. nobodt that fucking stupid could stay on tv otherwise.

Tue, 10/09/2012 - 11:35 | 2871225 hannah
hannah's picture

you do know that the parent corp of cnbc recieve hundreds of billions of dollars in zirp money, grants etc from the gov and the fed.....why would they bite the hand that feeds them.

Tue, 10/09/2012 - 11:39 | 2871252 LongSoupLine
LongSoupLine's picture

yep...CONcast

Tue, 10/09/2012 - 12:06 | 2871375 HoofHearted
HoofHearted's picture

Just to be a contrarian, haven't you recognized that all the American Idols are still on, the Bachelor, Oprah Winfrey made it for a long time, as did Phil Donahue, Maury Povich, Jerry Springer....

LIESman is just par for the course among all of these idiots.

Tue, 10/09/2012 - 13:06 | 2871576 earleflorida
earleflorida's picture

and there you have it...

Tue, 10/09/2012 - 11:30 | 2871207 Nothing To See Here
Nothing To See Here's picture

What I don't get is why this seems to come as a surprise to some. I mean, this is the USA guys. One of the most fascistic states in the history of the world. No democracy, militaristic, ruling elite, media as state propaganda machines, etc. That they would manipulate some official data for political purposes is NORMAL and has been done for a long time.

Tue, 10/09/2012 - 11:32 | 2871213 disabledvet
disabledvet's picture

Complimenting it only makes it stronger...

Tue, 10/09/2012 - 22:01 | 2873281 John Wilmot
John Wilmot's picture

But that can't be true, because, uh, well, you know, it can't, right?

Right, pass the doritos.

Tue, 10/09/2012 - 11:31 | 2871209 fuu
fuu's picture

Video not available.

 

"A message has been sent to our customer care team so that we may fix the problem."

Tue, 10/09/2012 - 11:31 | 2871210 3ringmike
3ringmike's picture

i hate being unemployeed when noone else is unemployeed. 

Tue, 10/09/2012 - 11:47 | 2871291 francis_sawyer
francis_sawyer's picture

I'd put those tits to work if I were you...

Tue, 10/09/2012 - 11:31 | 2871211 disabledvet
disabledvet's picture

Wow...got the red box now. Anywho...obviously if the Federal Government wanted ZERO UNEMPLOYMENT they can do that at will too. Might make make America look funny of course. How 'bout we call it "New America" then?

Tue, 10/09/2012 - 12:00 | 2871351 pods
pods's picture

My hope is that with the absurdity reaching 11 on the meter people will stop listening to what they say.

You can only get away with "inflation is low" for a limited time when people are paying 25% more for something that is 25% smaller. Wait, I mean "healthy portion."

Lies have a limited lifetime. And people are waking up. One by one.  Everytime someone picks up that 1.5 quart "half gallon" of ice cream or grabs a second box of a "healthy portion" meal is another chance that the light will go off.

Our reality is built upon a foundation of sand.  

Here is a suggestion:

Whenever you encounter someone who says things like bread was a dime, or a gallon of gas was a quarter, pull out a pre 1964 silver coin and show them that in fact the price did not change, merely the unit of account.

pods

Tue, 10/09/2012 - 12:10 | 2871384 Zadok
Zadok's picture

Good grief I wish they would wake up faster!

Tue, 10/09/2012 - 22:04 | 2873285 John Wilmot
John Wilmot's picture

You can only get away with "inflation is low" for a limited time when people are paying 25% more for something that is 25% smaller.

Through the magic of "hedonics," that 25% smaller package is actually more/better than the old full-size product since the advertizing is prettier or some other bullshit nevermind the public doesn't ask questions....problem solved!

Tue, 10/09/2012 - 11:32 | 2871214 Spastica Rex
Spastica Rex's picture

Losartan

Tue, 10/09/2012 - 13:24 | 2871644 CPL
CPL's picture

"I only buy high and sell low."

 

Contrarian investor double speak.  Liesman has it in spades.  Can't catch a break, because he doesn't deserve one.

Tue, 10/09/2012 - 11:33 | 2871215 mick68
mick68's picture

 

Being paid to lie for a living is the lowest form of existence and says much about the person willing to do it.

Tue, 10/09/2012 - 12:10 | 2871385 Randall Cabot
Randall Cabot's picture

There doesn't seem to be any shortage of scoundrels willing to do it though: Medved, Hannity, Levin, O'Reilly, Weinersavage, Alex Jonestein, Limbaugh, Blitzer, Noory, Ingraham...

Tue, 10/09/2012 - 12:39 | 2871491 BeetleBailey
BeetleBailey's picture

...keep going....Maddow, Mathews, O'Donnell, Mitchell, Williams, Pelley, Schultz...and the boobs on cnBULLSHITc; that fairy Ross-Sorkin, Bob Pissanti, and all the others on there - save Santelli - whom is too famous - they can't kill him off/fire him, or otherwise they'd lose all credibility whatsoever. cnbc is best muted - the data crawl is the only thing worth the channel being on - and even that is plagued with the insipid typing by one of the commies who is told to type shit-assed quips underneath the talking heads.

Liesman's a fucking puke; you know - that smarmy guy in the group of a typical douchebag/clique that begs for a beat down.

It is a sad day when the UNBIASED news comes from RT and AlJazeerah

Tue, 10/09/2012 - 13:23 | 2871637 RSloane
RSloane's picture

Absafuckalutely. Your description of a smarmy Liesman begging for a beatdown is spot on. The first instinct is to slap his face before he even opens his mouth.

Tue, 10/09/2012 - 15:00 | 2872065 darteaus
darteaus's picture

He's that fat kid in HS that always tried to hang with the "cool" kids.

Tool.

Tue, 10/09/2012 - 22:05 | 2873287 John Wilmot
John Wilmot's picture

Whoa, Whoa, wait, hold on a second....there's some guy walking about named Wienersavage?

How about, cockmonster, or dickbarbarian?

Tue, 10/09/2012 - 14:37 | 2871927 darteaus
darteaus's picture

I love you long time!

Tue, 10/09/2012 - 11:34 | 2871221 WatchingIgnorance
WatchingIgnorance's picture

This is why we suck so bad at math in this country. Take a bunch of data, figure out how to arrange it in an equation, ignore shit that's important, take out data sets that do not fit with your idea of where the answer should lie, keep plugging and chugging till you get the number you want (or need).

Reality is for tv shows. Nothing to see here. Move along sir . . .

Tue, 10/09/2012 - 11:37 | 2871241 hannah
hannah's picture

you are making this way too complicated. the gov just makes a multiplier larger. they refuse to give the details so we cant criticize the math. takes about 10 secs to do.....

Tue, 10/09/2012 - 12:10 | 2871387 HoofHearted
HoofHearted's picture

Goalseek. You don't even have to do any math...Excel will do it for you.

And as a mathematician, I know how to intimdate the hell out of people by bringing out stats or anything mathematical at all. Of course peple run from me at cocktail parties, but I actually think this is a good thing. Those who really want to talk, and not just about the weather, don't run. And there's no need for intimidation there...they already know stuff.

Tue, 10/09/2012 - 13:11 | 2871599 4Y_LURKER
4Y_LURKER's picture

A+ Sir.  Apparently, someone has succeeded in giving math feelings.  Reminds me of when I was in school the kids fudging the experimental data in chemistry to fit the exact model rather than writing down the actual experimental results.  Unethical fuckers.  Everyone gets an "A" if they know how to fudge data the American way. 

Tue, 10/09/2012 - 11:34 | 2871222 resurger
resurger's picture

lol

What was the thing about Farage and the $5K cheque?

Tue, 10/09/2012 - 11:40 | 2871244 Dr. Engali
Dr. Engali's picture

He had to pay a fine for telling the truth when he was speaking to the Eurocrats.

Tue, 10/09/2012 - 11:47 | 2871290 myptofvu
myptofvu's picture

He insulted the EU chief in his speech said he had the "charisma of a damp rag" so they fined him 3000 euros

Tue, 10/09/2012 - 12:16 | 2871405 NidStyles
NidStyles's picture

LOL! Typical Socialist behavior.

Tue, 10/09/2012 - 11:35 | 2871227 Cognitive Dissonance
Cognitive Dissonance's picture

Liesman is a captured mind.

Nuff said.

Tue, 10/09/2012 - 13:33 | 2871672 machineh
machineh's picture

'Mind' implies a complexity that isn't there.

LIESman is a gigantic Chatty Kathy doll, porked out with cellulite.

Just pull the ring behind his neck ...

Tue, 10/09/2012 - 15:37 | 2872276 DosZap
DosZap's picture

Liesman is a captured mind.

Yep, and he Lies Man.

Tue, 10/09/2012 - 11:36 | 2871230 LouisDega
LouisDega's picture

Mark Haines would of stepped in right about now and tear some new assholes. You are missed

Tue, 10/09/2012 - 11:39 | 2871247 hannah
hannah's picture

mark haines called the 'mark haines bottom' because he was told that the fed would start printing and create the biggest fake rally in history. he was a dirty as liesman....

Tue, 10/09/2012 - 11:49 | 2871300 Cognitive Dissonance
Cognitive Dissonance's picture

Dirty or not, Mark Haines wasn't afraid to speak his mind in real time. He often saw contradiction and called people on it. This is not to say he wasn't a believer in the system, that his mind was not captured or that he would not hold his tongue when told to do so. He knew where his bread was buttered. But in real time he often spoke to the obvious.

The morning of 9/11 comes to mind. I watched him that morning and several times he said exactly what I was thinking.

http://www.youtube.com/watch?v=hTppoBZKC4s

Tue, 10/09/2012 - 11:53 | 2871324 hannah
hannah's picture

mark haines had a new young wife and a new young child to support. he wasnt stupid. lieman isnt stupid but these people make their living as stooges for the corrupt system. they know it but it pays the bills. i am sure haines wished that it was different but the reality was he was bought and paid for.....

Tue, 10/09/2012 - 11:54 | 2871333 hannah
hannah's picture

"The morning of 9/11 comes to mind. I watched him that morning and several times he said exactly what I was thinking. "

 

...both you and mark haines thought you were boot licking toadies that would suck the dick of wall street for a cold nickel....? dont throw 9/11 shit out there. has nothing to do with this discussion.

Tue, 10/09/2012 - 12:11 | 2871389 Cognitive Dissonance
Cognitive Dissonance's picture

Always interesting to watch someone trigger.

Thanks for the show bro. :)

Tue, 10/09/2012 - 12:14 | 2871398 Bay of Pigs
Bay of Pigs's picture

That didnt take much to send him into orbit.

 

Tue, 10/09/2012 - 12:27 | 2871442 hannah
hannah's picture

cog - bet you act completely different in your interactions with real humans versus the internet. you do realize what the future holds for idoits like yourself when you have to get out there in the real world. your opinions will get you a lot of attention i am sure....

Tue, 10/09/2012 - 12:47 | 2871516 Sisyphus
Sisyphus's picture

Palindrome, beaches!

Tue, 10/09/2012 - 13:03 | 2871562 Assetman
Assetman's picture

In real life, CogDis is an insult comic.

And a low-cost high-volume gigalo.

It's hard to tell how much different his language could possibly change.

 

 

Tue, 10/09/2012 - 11:37 | 2871231 Dr. Engali
Dr. Engali's picture

Most everybody here is on record long ago stating they knew the unemployment number would be under 8% by election time. The administration needed a certain number and they made damn sure they got it....by whatever means necessary.

Tue, 10/09/2012 - 11:49 | 2871306 francis_sawyer
francis_sawyer's picture

Yup ~ I was just searching around for my exact comments thereto (sometime back in July or August if I re-call)... But then I abandoned the search because, WTF cares... All of us were basically on that call...

Tue, 10/09/2012 - 11:36 | 2871233 Duke of Con Dao
Duke of Con Dao's picture

here's the response from the White House: 

YouTube - Obama on Romney in 7 Seconds

...

can use same for Santelli! 

Tue, 10/09/2012 - 13:00 | 2871551 yogibear
yogibear's picture

Obama planted the Chicago boys in Washington. 

Gore blames the lack of oxygen for Obama's poor performance. Without the teleprompter you can see Obama in the raw.

Obama is just another Chicago political shithead. Bet ya Blago would have loved to be president, but he's in prison now.

 

Tue, 10/09/2012 - 14:34 | 2871910 darteaus
darteaus's picture

Wasn't Romney at the same elevation?

Didn't Obozo accept the Democratic nomination in 2008 in Denver?

Isn't Al's head in a location where it is constantly solar deprived?

Tue, 10/09/2012 - 11:37 | 2871239 Temporalist
Temporalist's picture

Does Kernan say "Oh shit" at 4:19? 

Tue, 10/09/2012 - 11:44 | 2871272 moriarty
moriarty's picture

yep

Tue, 10/09/2012 - 11:38 | 2871240 Jlmadyson
Jlmadyson's picture

If anyone could upload that to YT that would be great. Hate iPhone flash hate.

Tue, 10/09/2012 - 11:38 | 2871243 JPM Hater001
JPM Hater001's picture

WHEN YOUR LIES SUCK JUST MAKE SURE THEIR THE ONLY ONES HEARD LIESMAN.

Was that loud enough for him?

Assclown

Tue, 10/09/2012 - 11:38 | 2871245 HeatMiser
HeatMiser's picture

Did anybody hear the "Oh Shit" comment just before Santelli goes off. I think they all hate Liesman.

Tue, 10/09/2012 - 12:12 | 2871395 ATM
ATM's picture

Becky likes him. He's another shill for the state just like she is.

Tue, 10/09/2012 - 12:28 | 2871447 FatFingered
FatFingered's picture

Yep. 

"<holler, holler, scream, yell, holla, sream> Oh shit. <holler, bellow, bark, yelp, scream, yell, holla>"

~CNBC

 


 

 

Tue, 10/09/2012 - 11:39 | 2871246 imapopulistnow
imapopulistnow's picture

Regardless of manipulation, the bottom line is that it is simply wrong.  It is clearly a statistical outlier.  That said, if the same thing happens again next month....

Tue, 10/09/2012 - 11:39 | 2871249 youngman
youngman's picture

I liked it earlier when Kernan changed to Santelli....and he was hurt by that...Kernan said he talked enough.....lol....yes if Liesman is an Economist...i am a nurosurgeon.....he is so politicial if you can´t see the number playing...or to even see if you extrapolate this out to the future what you will have...you will have less than 50% of the people working....more at part time jobs..less income..less tax revenues..that is not moving forward...that is failing in my book..manufacturing was down 3,000...government emploees were up...government employees suck the energy out of the market..they do not add to it...manufacturing jobs adds to the market...but a Liesman would never get this point...

Tue, 10/09/2012 - 13:38 | 2871685 Carl Spackler
Carl Spackler's picture

Liesman is a "journalist" by education.

To him, economics is 100% art and 0% science.

Bootm line, Liesman knows absolutely nothing about economic behavior (macro or micro), finance, or mathematics. 

Liesman is a "journalist"...someone who likes to think of himself as "the talent"...which is the only way he can justify to himself why he should get out of bed in the morning!

 

Tue, 10/09/2012 - 11:40 | 2871253 Super Marco
Super Marco's picture

Kernan said oh shit!!!! 4:19

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