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Santelli Slams The Jobs Manipulation Scandal: "American Media, You Can Do Better"

Tyler Durden's picture




 

Along with Zero Hedge and Jack Welch, CNBC's Rick Santelli was among the most vocal "jobs truther" in the run-up to last year's election - and suffered the same snark from the mainstream media at such conspiracy theories as to suggest the most important number in the world could be (or would be) manipulated. One year on, we now know the truth and as Santelli rages "if we knew then, what we know now," the world could be a very different place, as "all outcomes could have changed." Santelli raged at the time, "things just didn't feel right," and he was right, perhaps, as he concludes in the brief clip below, the American media "must do better."

 

 

 

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Tue, 11/19/2013 - 14:01 | 4170335 SillySalesmanQu...
SillySalesmanQuestion's picture

"I've got one that can see..."

Tue, 11/19/2013 - 14:16 | 4170402 papaswamp
papaswamp's picture

This explains why the Fed is keeping QE in play. I suspect they knew the numbers were fudged and the real UR is much higher. I wouldn't be surprised to hear U-3 of 8-10% and U-6 of 18-23%.
The big question is...will anything come of this? If it turns out to be true and continuing issue, then expect some distraction/false flag disaster else where. There have been some interesting medical purchases lately by govt agencies all suggesting a perceived large scale medical issue in the near future( virus outbreak?).

Tue, 11/19/2013 - 14:17 | 4170403 Joebloinvestor
Joebloinvestor's picture

As long as the market is higher nothing else matters, or so we are led to believe.

Tue, 11/19/2013 - 14:20 | 4170418 orangegeek
orangegeek's picture

Once again, who gives a flying fuck???????

 

Gubermint lies. 

 

MSM lies.

 

In the end BLS has fuck all to do with making a profitable trade with a pre-defined strategy.

Tue, 11/19/2013 - 15:46 | 4170877 Pareto
Pareto's picture

Not the point.  At all.

Tue, 11/19/2013 - 15:10 | 4170442 rustymason
rustymason's picture

"American Media, you can do better."

No, they cannot. Just look at who controls the main stream media, Wall Street, and the choke points in government, and you will instantly understand that you will never, ever hear the truth from them.

Tue, 11/19/2013 - 14:33 | 4170470 kenny500c
kenny500c's picture

This smells like the IRS scandal, first blamed on a "low-level" employee for the "limited hangout".

Then we find out the WH was behind it all along.

Tue, 11/19/2013 - 22:11 | 4172202 bunnyswanson
bunnyswanson's picture

Make no mistake, this is the American genocide in progress.  The perps are commiting mass murder in slow motion.  A soft kill.

Tue, 11/19/2013 - 14:36 | 4170485 walküre
walküre's picture

LOL @ BTC

Tue, 11/19/2013 - 14:42 | 4170518 MrBoompi
MrBoompi's picture

Romney would have been better?  Replacing one Wall St lackey with another one wasn't the answer.  The GOP is not the answer.  Both of these political parties are worthless and we still have the media telling us otherwise.  So you don't like hearing the unemployment figures were manipulated?  LMFAO!  What market isn't manipulated?  What government numbers are accurate? 

Tue, 11/19/2013 - 19:02 | 4171721 tenpanhandle
tenpanhandle's picture

well, according to the CFTC  the silver maket isn't manipulated.

Tue, 11/19/2013 - 14:46 | 4170531 jomama
jomama's picture

the irony is thick.

Tue, 11/19/2013 - 14:48 | 4170541 yogibear
yogibear's picture

So now it's been admitted there's been fraud and yet no outrage.

Mortgage fraud and no outrage.

Abolishing the US constitution (NDAA) and republic, no outrage..,  

Prime time time for a dictator or tyrant! The rule of law is gone.

Tue, 11/19/2013 - 14:49 | 4170544 yogibear
yogibear's picture

So now it's been admitted there's been fraud and yet no outrage.

Mortgage fraud and no outrage.

Abolishing the US constitution (NDAA) and republic, no outrage..,  

Prime time time for a media supported dictator or tyrant! The rule of law is gone.

Tue, 11/19/2013 - 15:14 | 4170678 polo007
polo007's picture

http://www.marketwatch.com/story/yellen-defends-qe3-in-letters-to-senators-2013-11-19-1391598

WASHINGTON (MarketWatch) -- A "strong majority" on the Federal Reserve's policy-setting committee believes that the central bank's unprecedented asset purchase programs have been effective, said Janet Yellen, President Barack Obama's nominee to be the first chairwoman of the central bank. In response to a written question from Sen. David Vitter, a Louisiana Republican, Yellen said the benefits of asset purchases continue to outweigh the costs. The letters were released on Tuesday. Yellen repeated the Fed's statement that asset purchases are "not on a preset course" and the decision on whether to reduce the pace of the purchases will remain contingent on the economic outlook and the Fed's assessment of the costs and benefits. In a separate letter to Sen. Elizabeth Warren, a Democrat from Massachusetts, Yellen said that Fed policy would likely remain very easy for a long time after the unemployment rate falls below the central bank's 6.5% interest rate hike threshold.

Tue, 11/19/2013 - 15:18 | 4170705 MathWins
MathWins's picture

The media needs to do better? Hah, how about the need to do their f***king job in the first place.  They've been nothing but lapdogs for Obama since he ran for President.  

And the newspapers wonder why their readership is down......

 

Tue, 11/19/2013 - 15:25 | 4170750 loveyajimbo
loveyajimbo's picture

So let's see... if the truth was told about Benghazi, Fast and Furious, Obongocare and unemployment and if the IRS had not hamstrung all the GOP not for profits... then Lord Chakka Caca Obongo would be back to being a fast talking shuck n jive con-man walking the street organizing losers to vote Dem...

 

We need a recall law... and Rick needs to move to Fox.

Tue, 11/19/2013 - 15:48 | 4170882 Clowns on Acid
Clowns on Acid's picture

Santelli would be unleashed on FOX. Time to put the stell toed boot into the Lame Stream Media machine.

Tue, 11/19/2013 - 15:53 | 4170912 CitizenPete
CitizenPete's picture

Excellent... Lets recall corrupt BARRY OBOZO, so self proclaimed Zionist Shotgun-Joe Biden becomes POTUS ... how about get the Romulan or McInsane in there?  GOP or DNC --Two piles same stinkin shit.    WTF!  It's not just the butt-hole jockey riding the horse that's the problem -- its the owners of the track and the people who go to bet there -- thats the problem.  and Fuck FOX and CNBC... (all owned an run by the track owners too) Turn off your TV...  

Tue, 11/19/2013 - 15:34 | 4170804 The Heart
The Heart's picture

The chickens are getting restless. Here is what is going to happen to ALL those congress critters and senate toads that have long records showing they are traitors, and anti-constitutional scumbags. The people all over the country are getting very angry and many are scouting out the locations of these evil criminals that have kow-towed to all the corruptous slop for many many years. Revenge is a vicious monster about to be turned loose on the bankster puppets and then eventually, the banksters. Old nancy pissy is going to need an army to defend her grape plantation.

Fortunately for these and all criminals, there is still time to turn this growing tide of anger and disgust with the American babylonian govt of satan. IF they scrap the commicare unaffordable plan, there may be hope and forgiveness for them all. If this does not happen, then unfortunately, there will be more and more incidents like this. These clowns waring asshats will not be able to go out into public any more because of the seething hate and immense anger that is building up high like a ginormous tidal wave. One they have not ever seen before. The 99.99 % are really really pissed off! The tides of vengeance and traitor hangings could be massive.

http://www.newsleader.com/

 

Tue, 11/19/2013 - 15:54 | 4170917 Pareto
Pareto's picture

Was it me, or was Rick saying repeatedly "if we only knew now, what we knew then.", when he should really have been saying, "if we only knew then, what we know now."?  Santelli, the only sane voice on the network, tells it like it is, but, I am pretty sure he got it backwards (I listened to the clip twice), particularly when he highlighted employment, the economy, healthcare and the IRS.  All have ended up being complete shams - now - but, were not apparent - then.

Don't even know why I am pointing this out.  Because, Rick's one of us, as far as I am concerned.

Tue, 11/19/2013 - 16:49 | 4171169 ebear
ebear's picture

"....Rick's one of us, as far as I am concerned."

Then what's he doing on CNBC?


Tue, 11/19/2013 - 16:37 | 4171113 estrategy
estrategy's picture

Looks like the 2010 jobs data was manipulated as well before this November election. http://blog.estrategypartners.com/2013/11/the-entire-us-economy-is-built-on-house.html

Tue, 11/19/2013 - 20:03 | 4171911 Notarocketscientist
Notarocketscientist's picture

If Santelli wants to prove he is not a whore then he needs to turn on the big banks - we NEVER get a peep out of him when it comes to that.

Why?

Because if he did that he'd be out on his ass in two seconds.

 

Don't get sucked in by his rants - remember who pays him

Tue, 11/19/2013 - 20:24 | 4171965 bunnyswanson
bunnyswanson's picture

The fed is the banks.

Wed, 11/20/2013 - 06:25 | 4172757 Notarocketscientist
Notarocketscientist's picture

When I hear him call for bankers to be jailed - when I hear him say that Jamie Dimon is a fucking criminal prick - that Loyd B is a thieving cunt --- that HSBC is a whorehouse of drug laundering that should be shut down....

Then I will buy into his rants.

As it stands he has done nothing of the sort - because he is like all the other CNBS whores - the banks and corporations butter his bread - they are untouchable.

Santelli is simply a steam valve - his rants make the few people who still watch CNBS feel better.

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