Dear Mr Leisman: Cruz is Cuban and the jobs report is pre-shutdown
Steve Leisman of CNBC had a very embarassing moment today:
"There was a brief moment of awkwardness on CNBC Tuesday morning when, during a discussion of the weak jobs report and Senator Ted Cruz, reporterSteve Liesman asked for some “Mexican music” to be played while they talked about Cruz.
Liesman said, “We’re going to call this the Senator Ted Cruz jobs report. These are the jobless claims of Senator Ted Cruz.”
When a picture of Cruz appeared on the screen, he continued, “Can we get some music to go along with that? Some Mexican music, maybe?”
There was also some music briefly playing for a few seconds before immediately being cut."
Leisman is wrong on two counts:
First, and less important, the reference to Mexican music misses the point that Senator Cruz is Cuban American. I'm not worked up about this but there is a double standard in the media. Would he have said "play Mexican music" if he was talking about a Mexican American Democrat? My guess is no!
Second, and very important, the jobs report is all pre-shutdown:
"September's report predates the culmination of the most recent fiscal showdown, whose effects are more likely to be found in the October employment report."
So Mr Leisman got the wrong music and bad analysis of the numbers.
The jobs report was very weak. We created a lousy 148,000 jobs but the big story that 10 millions have now dropped out of the labor force.
We are in the 5th year of the Obama stimulus and we have very little to show for the $847 billion spent.
Forget the music. It's the policies!