NBC Host: 'We're Managing Expectations' on Economy, 'Especially For the White House'
Filling in for co-host Matt Lauer on Friday's NBC Today, CNBC's Carl Quintanilla seemed to suggest the media was helping the Obama administration shape public perception of the economy: "...we're in a situation where we're sort of managing expectations, especially for the White House."
Quintanilla followed that admission by asking CNBC Mad Money host Jim Cramer about the upcoming jobs report: "Data's been pretty good. If it's not so good today, does that mean we're suddenly once again going in the wrong direction?" Cramer replied: "I don't want to think that. I think that there are many good forces at work."
In his first question to Cramer, Quintanilla spun a decrease in jobless claims as the latest in a string of good economic figures: "Let's talk first about another number we got this week, jobless claims for unemployment awfully close to a three-year low. Do you think the good news is going to continue today?"
Quintanilla made no mention of the real unemployment rate being over 15%, when you include those who have given up looking for work.
Here is part of Quintanilla's March 9 exchange with Cramer:
7:02AM ET
QUINTANILLA: We begin this morning with the economy and what we can expect from this morning's jobs number. Jim Cramer is the host of CNBC's Mad Money. Jim, good morning as always.
JIM CRAMER: Good morning, Carl.
[ON-SCREEN HEADLINE: Jobs, Jobs, Jobs; Unemployment Numbers Released Today]
QUINTANILLA: Let's talk first about another number we got this week, jobless claims for unemployment awfully close to a three-year low. Do you think the good news is going to continue today?
CRAMER: Yes, I do. All of the data indicates that the firings have been coming down, the hirings going up. That's what we need to be able to see a good number today.
QUINTANILLA: And now we're in a situation where we're sort of managing expectations, especially for the White House. Data's been pretty good. If it's not so good today, does that mean we're suddenly once again going in the wrong direction?
CRAMER: I don't want to think that. I think that there are many good forces at work. Lots of hiring in automobile, lots of hiring in oil and gas, lots of hiring in retail. That should continue the pace all year. And don't forget, housing could be getting better for once.
QUINTANILLA: I was going to stay, the strong spots have been largely in energy and oil and gas. Where has it not kept pace? Where is the jobs – where are jobs weakest in this country?
CRAMER: Government hiring and services, particularly the banks, which are continuing to lay off people.
(...)
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Comments
⇒ They can't help it
Submitted by Cool Arrow on Fri, 03/09/2012 - 1:57pm.
These JournOlistas want Socialism, and they want it now.
Whatever Cramer says, the opposite always comes true.
Submitted by SickofLibs on Fri, 03/09/2012 - 2:15pm.
He's the Nancy Synderman of investing.
WHEN WILL VOTERS LEARN?
Submitted by reelman46 on Fri, 03/09/2012 - 2:18pm.
Who knew utopian socialism would not work? Well, who knew?
We look all over the globe and OzBama the Dim copies losers.
When will voters learn that monster socialist gov-meants mean personal pain and rot a nation?
Every decade or so we get some socialist apostle full of platitudes, promises and lies...along with the usual dimdem "bag of demons" (business) and he gets elected...why? The pawn media is the main reason...they never fact check or do real journalism any more.
Now OzBama, the boldest liar ever has us 15 trillion in the red, has lied about all his promises and wants to run America with czars and executive orders. Can any leader ignore basic economic laws and common sense expect prosperity? This man drank the kooky kool aid in college from the lazy arrogant parasites in academia that never had a real job.
The personal pain of utopian socialist policies will trump bold lies daily...and who is hurting the most? Those lower income folks who voted for the bold liar!
Look how they passed socialized medicine...then exempted the fed worker sheep plus congress!
What does tell you? Well, ask any dimdem to explain that...they will run away.
Some people are more special than others.
Voters sent 730 dimdems home in Nov 2010...did the socialist party learn from that? No way....arrogance must be defeated...this Nov we flush again.
Doug Schexnayder, Ph.D. (theconservativecrawfish<
Managing Expectations
Submitted by HardRightTurn on Fri, 03/09/2012 - 2:22pm.
Making bullpile taste like filet mignon. No, it doesn't look like pile. No it doesn't smell like pile. And no, it certainly doesn't taste like pile. So, listen to what I'm telling you, it isn't pile.
To more fully comprehend the Left, one must read “Leftism As Psychopathy” by John Ray, M.A., Ph.D. Caution, it might scare you a little bit.
http://jonjayray.tripod.com/psycho.html
Despite mountains of
Submitted by rbosque on Fri, 03/09/2012 - 2:33pm.
Despite mountains of empirical data proving Communism and Socialism do not work, these people with virtually no schooling in economics or history are backing politicians who's goals are these two systems.
It doesn't take a genius researcher to go back just a few decades or even NOW to come up with the conclusion that it will ultimately cost us our freedoms and our lives. Yet there they sit in their ivory towers dictating to the rest of us a system under which none of them have never lived under, that we should surrender our liberties for state rule. Forget for a moment that people are fleeing or trying to flee those totalitarian states, oh no.... we're just supposed to swallow their excrement and smile afterwards
Unbelievable..
REASON# 3,017 AS TO WHY I WILL NEVER BUY ANYTHING FROM GE
Submitted by Sgthulka on Fri, 03/09/2012 - 3:17pm.
Refrigerators, turbines, MRI scanners - Whatever.
I will never buy anything from this corporation. They really are the equivalent to the von Thyssens of Nazi Germany.
Of course thats NBC's job
Submitted by fivestring_assassin on Fri, 03/09/2012 - 3:23pm.
to manage reportage for this Administration
If I recall, wasn''t it in December that a whole group of lunatics from NBC/MSNBC were invited to the White House to discuss "framing the debate" for the re-election....
Should not all the propaganda spewing forth from Maddow, Matthew, Bashir, Sharpton, at el be considered campaign contributions??
"...we're in a situation
Submitted by ForeverOnTheRight on Fri, 03/09/2012 - 4:07pm.
"...we're in a situation where we're manipulating expectations, especially for the White House." Their, fixed it, that is what he really meant.
NBC carries water
Submitted by east tennessee john on Sat, 03/10/2012 - 1:09pm.
Since we haven't even gotten past a 3% growth in GDP, can these economic "experts" point to what specific policy or policies of BO's that has caused this rapid, almost inflationary expansion and recovery? They can also tell us why they worked. Might it just be the normal cycle of the market to recover in spite of BO?