Fox Business Host Actually Whines On Twitter About Low Unemployment Rate, Thinks It’s Bad For Economy

Last month, the unemployment rate dropped to 6.1 percent as 288,000 jobs were added to the economy. Not only is this the lowest rate since President Obama took office, it means every single job lost during the Great Recession has been recovered. But not everyone is happy about more people finding the jobs they need.

The conservatives who work at Fox News have bitched and moaned for years about how the economy isn’t being fixed fast enough after Republicans nearly crippled it during the Bush Administration. At the same time, they’ve had no problem complaining about people using food stamps and unemployment benefits to get by until the job market improves. The GOP propaganda arm has accused the jobless of being lazy moochers who are stealing from taxpayers. Fox has literally demanded that these people get a job to solve their own problems. But now that more people are getting jobs and the economy has improved, at least one Fox host is whining about the economy becoming too improved.

Charles V. Payne took to his Twitter account to openly complain about the lower unemployment rate and implied that the numbers were fixed by the government. Apparently, too many people are finding work and that’s somehow bad for the economy.

Here’s the tweet.

Is the jobs number too good for the stock market…equity futures are drifting lower not sure how to react

— Charles V Payne (@cvpayne) July 3, 2014

In a comment to another Twitter user, Payne said he didn’t have faith in the jobs report put out by the Bureau Of Labor Statistics and suggested the numbers were exaggerated to “move markets and policy”.

Leave it to Fox News to spin an improving economy into a bad thing.

Nation of Moochers

Going over the ‘unemployment cliff’

Federal emergency unemployment benefits will expire for 1.3 million struggling Americans in just two weeks. President Obama used his weekly address a few days ago to raise the visibility of the issue and urge Congress to act before it’s too late.

 

And while many have wondered whether congressional Republicans are actually prepared to follow through on this, cutting off jobless aid for Christmas, we apparently have our answer.

The [bipartisan budget deal announced last night] doesn’t include any extension of unemployment insurance – and no such extension is forthcoming. During the negotiations, Republicans proved hostile even to limited extensions in unemployment insurance. Right now, the House is expected to vote on Friday to pass the budget deal…. They’re expected to let unemployment benefits for 1.3 million long-term unemployed expire.

The prospect for 11th-hour heroics is remote, at best. House members are planning to wrap up their work for the year on Friday, and the chamber won’t return until January – well after the Dec. 28 deadline. Democratic proponents of extending unemployment benefits in the budget agreement came up empty.

 

There’s still some talk of attaching an extension to some other must-pass bill – the farm bill, the “doc fix,” etc. – but Democrats are running into fierce resistance from Republicans, who simply do not want to act before the deadline.

 

The question, then, isn’t whether success is still possible, but what the consequences of failure will be.

 

As the president explained the other day, “Just this week, the nonpartisan Congressional Budget Office predicted that allowing benefits to expire will be a drag on our economic growth next year. A report by the Department of Labor and my Council of Economic Advisors estimated that it could cost businesses 240,000 jobs. And without the ability to feed their families or pay the bills, many people currently looking for work could stop looking for good.”

 

The fight could conceivably return in the new year, and perhaps even apply the benefits retroactively, though overcoming unyielding GOP opposition seems unlikely. Congress has never allowed jobless benefits to lapse with unemployment this high, but with a radicalized House majority in power, new norms are being established all the time.

A Lesson in Economics from Roseanne

I thought it an unlikely place for a lesson in economics too, but wait until you see how Roseanne handles a politician soliciting votes door-to-door by promising new jobs.

From Youtube:

Roseanne has an enlightening conversation with her local state representative. A guy who can’t wait to offer her the chance to get a low-paying job which will also increase her taxes. Sweet deal, huh?

Amen!