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Speaker 1: This country has never been so strong militarily or any

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other way.

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Speaker 2: All right, coming up more of my interview at President Trump.

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You have to love his optimism. You may not agree

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with every number, but you have to love his optimism. Okay, Look,

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apparently optimism is the new euphemism for bullshitting, for lying.

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You see, that's how Trump's media allies like a Larry

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Kudlow are spinning it now. Misinformation rebranded as manifestation. Literally

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spin dressed up his hope January job support. It dropped

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this morning. I mean, with real numbers and real data.

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Let me show you how Fox reacted. Play the clip.

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Speaker 3: Let's get the jobs numbers right now from Cheryl. One

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hundred and thirty thousand jobs created for the month of January.

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Speaker 4: The estimate was seventy thousand. Wow, was right, Maria?

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Speaker 3: Four point three percent is the unemployment rate the street

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was looking for. Four point four percent. This is not

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the kind of report we expected to see you guys.

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Let me give you the government jobs picture that is

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negative forty two thousand on the government side part of

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the equation. We saw that in the reports previously. We

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also saw a labor force participation rate sixty two point

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five percent, average hourly earnings zero point four to one percent.

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That is actually higher than the expectations average hourly earnings

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months to month, a little bit higher than expected. Private

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payrolls one hundred and seventy two thousand.

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Speaker 4: I had to do a double take.

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Speaker 3: One hundred and seventy two thousand private jobs. Guys, that's

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one hundred thousand above the estimate we were looking for,

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seventy thousand, the average work week thirty four point three hours.

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Let me get into the report here and give you

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a sense of what the government is saying about where

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the jobs are. We've seen healthcare, we've seen retail, but

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basically where is this. Let's see here healthcare, their social assistance, construction.

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Those were where they saw the build up in jobs,

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the decreases they saw, as I mentioned, federal government and

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also financial activities. They're mentioning a job loss and those

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two sectors. So that's actually very interesting as well.

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Speaker 2: Yeah, let me be clear about something something you've heard

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me say again and again, an old adage. Numbers don't lie.

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People do. Now, Well, they seem all ecstatic about these numbers. Ah, happiness.

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I've never seen like this before about these job numbers.

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Let me show you NBC's reporting. In it, it turns

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around and it says US added one hundred and thirty

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thousand jobs in January, but revisions show labor market growth stalled.

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In twenty twenty five, the Bureau of Labor Statistics found

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that the labor market added only one hundred and eighty

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one thousand jobs last year, far fewer than the one

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point four to six million jobs that were added in

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twenty twenty four. It further goes on to say the

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already complicated US labor market received a fresh jolt on Wednesday,

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a strong January job support that was offset by deep

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downward revisions, which showed the US economy experience almost no

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employment growth in the entire year of twenty twenty five. Further,

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it says previously initial data had indicated that the US

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economy added five hundred and eighty four thousand jobs last year,

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but more granular state data available on a leg revealed

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that this initial figure was significantly higher than the final count.

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The one hundred and eighty one thousand last year amounts

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to just fourteen percent of the jobs created the year

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before that. One bright spot was January of this year,

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when hiring increased by one hundred and thirty thousand rolls.

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This was significantly more than the fifty five thousand editions

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that had been expected by economists. It further goes on

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to say job gains occurred in healthcare, social assistance, and construction,

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while federal government and financial activities lost jobs, BLS said

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in a statement. And finally, still, Wednesday's report also shows

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that not nearly as many jobs were added in twenty

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twenty five as thought, and last year will go down

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as the worst year for hiring since twenty twenty or

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since two thousand and three outside of a recession. Welcome

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back to The Michael Cone Show on our continued journey

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to a million subscribers, and thanks to you, we're getting there.

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So hit subscribe, watch, comment, and share because this stupidity

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it's got to stop. And additionally, on a programming note,

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I also want to let each and every one of

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you know that while Maya Kulpa and Politic beat Down

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will no longer be shown or available on the Mightiest

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Touch Network, these shows they're not going anywhere, and they

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will be available on my YouTube channel right here at

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The Michael Cohen Show or wherever you listen to your podcasts. Now, look,

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like I said in the NBC article, federal government was

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one of the sectors that significantly lost the most amount

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of jobs. Trump, for whatever the reason might be, and

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I can't understand it, and I know him better than anybody.

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He almost seems proud of that play the clip.

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Speaker 1: I've got hundreds of thousands of jobs, and we still

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have good employment numbers. But if I want to have

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the greatest employment numbers you've ever seen, or have to

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do this, say I and hire half a million people.

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Speaker 4: That's why the Democrats you want the private sector.

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Speaker 1: Now, what happened is the people I cut are now

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working in the private sector and they probably hated when

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they lost their job, and now they love me.

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Speaker 4: They're making twice the money.

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Speaker 1: So you's kind of still go after the Hall waste

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for audult Well in Minnesota.

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Speaker 2: No, again, none of this, none of this is economically sound,

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and Larry Kudlow actually knows it. But for whatever the

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reason may be, nobody ever wants to push back and say, okay, look, okay,

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number one, yeah, could you hire five hundred thousand There

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aren't five hundred thousand government jobs even available, So let's

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assume that everybody that Doge cut you brought back every

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single one. The numbers still wouldn't be as you say,

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Nor are people making more money today than they were before.

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So nobody again wants to argue with him or hold

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his numbers to account. Now Trump he then also told

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Cudlow that he has the greatest economy in history. Play

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that clip.

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Speaker 1: In fifty years a president has won, even a popular president,

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somebody has done well.

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Speaker 4: I'm popular and I've done well.

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Speaker 1: I mean, I think we have the greatest economy actually

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ever in history.

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Speaker 4: We broke fifty and we broke seven thousand.

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Speaker 1: They said I wouldn't do that for four years, and

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I did it in one year.

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Speaker 2: No, that's actually not true. By the way, it is

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not the greatest economy in US history. What he's doing

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is he's conflating multiple multiple situations.

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Speaker 4: Here.

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Speaker 2: First and foremost, the stock market is not the economy.

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It is one of many indicators as to what drives

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the economy. Car sales, home building, right home buying. Then

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you have also, you know, consumer confidence in consumer spending.

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The economy is predicated swaps and bonds and stocks and

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four to one k's and job growth. All of this

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this each one is nothing more than a peg on

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the wheel of the economy. So when he says that

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we have the greatest economy in history, speak now to

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the young, Speak to those who are coming out of

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college that don't know what to do. They have no

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clue because they can't find jobs. Let me go on

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one step further. Finally, finally, I actually want to end

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on a clip of Peter Navarro. I can't take this guy. Yesterday,

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before the job numbers even dropped, he was sent out

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to literally prepare Americans for potentially bad numbers. Play that clip.

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Speaker 5: One thing I want to note the job supports coming

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to come out tomorrow. Yeah, we have to revise our

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expectations down significantly for what a monthly job number should

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look like. When we were letting in two million illegal

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aliens just they're coming in, come in, we had to

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produce two hundred thousand jobs a month for steady state.

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And by the way, all of the jobs that we

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were creating in Biden years, we're going to illegals. Americans

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were going to the unemployment lines. That's totally reverse. And

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now fifty thousand a month is going to be more

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like what we need so pall Street. When this stuff

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comes out, they can't they can't rain on that parade.

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They have to adjust for the fact that we're deporting

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millions of illegals. That's a good out of our job market.

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Speaker 3: But it sounds like you're expecting a week number tomorrow.

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Speaker 4: No, not expecting a week number.

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Speaker 5: I'm just saying that going forward, when we see a

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number under one hundred thousand, we don't wring our hands.

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We say, yeah, that's going to be steady state.

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Speaker 2: So let me say a couple of things. First of all,

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Pete and Navarro number one, he knows better. This has

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nothing to do with undocumented immigrants. This is nothing to

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do with the deportation, the mass deportation, now ice raids

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and so on. It has nothing to do with it

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at all. Let me also go on, just to give

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you a legitimate piece of fact. The greatest fifty year growth,

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and you should google it was the effects of the

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New Deal. It was the fifty years that took place

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between post World War two economy and the New Deal. Literally,

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from like nineteen fifty to the year two thousand, the

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United States saw the greatest economy growth in the history

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of the world. That just happens to be a fact,

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all right, No matter what anybody else is going to

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tell you, that window between those fifty years saw the

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greatest increase in the economy in the history of the world.

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Here's another thing that we also know. And this happened

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under Biden. It happened under old Obama. It happened under

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Trump one, it happened under Bush, happened under Bush one,

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Bush two happened under Reagan. It happens all the time.

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These numbers, they get readjusted and doesn't come out right away,

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comes out a little bit. I don't know, a month, two,

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sometimes three. If they're lazy and slow, I suspect, mark

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my words, it's February eleventh today. Sometime in March or April,

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you're going to find this number significantly, significantly lower. And

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as always, thanks for listening. Hey everyone, First of all,

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thanks for watching. I mean, we're going to be posting

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daily episodes with reactions and talking about politics. We'll be

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talking about everything in fact, so please like and subscribe

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join us on this journey.