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Payne: No Way Unemployment is 7.8%

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    FBN’s Charles Payne breaks down the latest data from the Labor Department and the results of the first Presidential debate.

  • Duration 9:23
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Their grandfather stories and action went programs on the -- -- support.

Charles thank you wanna spend the morning -- you fantastic you do not look -- amount of your grandfather.

Thanks I don't filled out the big -- -- I'm still commitment to myself but it's amazing beautiful girl born baby girl baby girl.

-- So there's your daughter or daughter won't want -- back then we went to break into Placer remorse that's an imminent threat to that -- so.

And the problem thank you.

Our unemployment on some points and -- and real.

It's not a real number.

And -- there's no way that's a real number there's no way.

The three months every once -- not a soap all also at 800000 people say what.

-- a couple of hot dog stand today.

-- in the world after -- bill number I don't know what they did obviously in my mind.

They must have asked the question differently than they normally do remember we're talking about -- surveys.

The establishment survey were businesses and in the household survey.

-- -- the sudden 879000.

People.

Decided to go out and look for working to make all -- -- Just like that.

The more depressing story here Imus is.

A 104000 private sector jobs less than fifty pursue less than -- the what do -- a year ago.

-- expectations 600000 people working part time.

Manufacturing lost jobs again.

This was one of the deadliest jobs report numbers outside of that -- council report that you would -- -- disappoint in the economy is suggestions how many monopoly in the number that's my that's my hunch that my -- -- you know obviously you know going to be impossible.

-- -- -- -- -- -- It depends -- how you ask a survey in LA and I'm sure they could have tweaked it some kind of way -- you know -- That you moved from the left side and us open to the right -- and so forget what you've got a job -- How we didn't put much into this doesn't -- I was 879000.

People every single month to get a job but it just doesn't jibe with what we've -- -- -- -- -- -- -- -- -- -- -- I really you know listen you Barney Alpharma.

Of the -- -- bank under.

I don't know I haven't spoken with Stuart long enough about it since Friday but in outlets in the things abolish -- -- -- his faults for side.

And again that most of -- implicit in this is the media.

General Motors sells -- point 25% that's a great number Toyota's -- 42% it's okay.

You know -- -- -- BS I think our way through this that we keep blind to the American public political one day at the point of no return -- we cannot compete.

Because we want to ourselves or the media's lied to us maybe after November -- argument it to the straight -- -- right now it's ridiculous GDP one point 3%.

There's no way what that kind of GDP number you can get 879000.

People working -- public and thousands more.

I gotta tell you something listen I don't know as Madison avenue Hollywood big they've done a great job over the years giving us to suspend disbelief.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- A gigantic op and a gigantic operation when they're saying hey suspend disbelief because -- -- throughout this entire recession McConnell knows.

People voice vote okay about themselves.

They've -- -- they've always felt bad for the neighbors.

-- -- you gotta get everyone thinking hey Natalie you're okay but your neighbors -- -- of them -- Charles Graham from -- -- -- song are now also on the demand.

Oh my goodness it was amazing you know listen I I really it could've gone -- -- want to.

They -- they old they all played footloose and fancy free with the with the the but the facts there's no no doubt about that.

And the -- and -- here's the real set things that they get worse and worse that it will -- interview politicians I know you know it's amazing personally also into the open to it -- To the -- points right to the talking points -- -- -- -- are talking points.

I think that was -- Obama's problem.

-- -- marceca five answers they kept on about they're just doubled the debt and but he EF five can answer is up five trillion there it's it's ridiculous.

He hasn't detailed below several -- Morning original book there's loopholes and Newsom -- -- of deductions you're proposing.

Because Americans hate paying -- we hate pain.

The biggest industry in this world this of you can get rid of paying about that it you can remove name from our lives.

Emotional pain visible pain economic and it -- to remove -- from our lives you -- -- trillion their due to figure I had to do that.

He's talking about some form of pain is no doubt about it may be will be mortgage interest deduction too would be something that people like a lot.

Ultimately though that's what you have to do in lesser wanna be hat in hand twenty years now aligned in May be Greece and IMF will have enough money to bail us out those -- two alternatives.

Around -- claims -- for example.

Health care plan won't cover triple -- preexisting conditions.

And restaurant -- well.

If there was and it will be I mean no we do know that that's popular is a couple of -- -- when you take a gigantic 3000 page bill like obamacare there's going to be some good stuff then there and I think that's something that the American public likes -- elect the other part six million.

Having to pay taxes that's a tax increase that was promised that they would never -- in those kind of things.

People -- able to keep their same doctors all those things they're really matter to people seriously.

Are going to be painful that's what it's is never -- poplar was certainly be Smart for Mitt Romney to say I'm gonna cherry pick the good parts of your bill.

The expectations component of the -- a fairly low for -- and and a -- apparently unrealistically.

Parts of the president.

But are not you can Psycho analyst at Boston more -- -- out of a good thing.

He certainly did he had dark rings around -- -- he looked lethargic from the very beginning.

And -- say -- last week he stayed at lake Las Vegas to prepare for a bit I came the next data give a speech and I was -- -- -- the same -- -- -- -- Until -- back -- bite I don't know what happened to him over that period now they -- plan a lot of golf and that kind of stuff I'm not sure that's been confirmed but.

Maybe appoints a certain kind of arrogance.

You know maybe -- you know -- -- this guy away and we've seen a big sports -- we've seen this kind of step forward you know and that of the walk in the park Mike Tyson vs -- that -- Douglas now -- prepare.

One time zone.

Somebody's not taught myself.

That the president hadn't had anybody talks -- -- for four years and he did you get an actor occurring -- present.

A British -- -- bacteria.

Over his disagreement in the southern Baptist Arizona.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Analyst -- and so -- us.

I agree let's -- the -- and its surrounding himself with sickle fancies had a lot of brilliant people who -- detained temporarily.

And you know what a lot of agreements to in my mind sold their soul Paul Volcker the stuff that he -- -- are you kidding me.

Warned about the I mean I know you want to be -- -- day robber baron who doesn't get that the heat from the general public.

But always guys lending their names and credibility to the administration for things that I think they were totally against the president had that's not the -- fans around him here's a guy who fought back.

Our Toronto Charles -- from the parts poses to our.

Who's on both pharma company into parliament session not a -- some time that's coming up this morning it's quarter until they are ordered start from the you know.

Vice presidential debate will be Thursday night.

Men I don't know Bob -- a barrel laughs I gotta I gotta expect that Biden's gonna give us something that all time great I mean he's been -- not to an all time great I don't know what the -- to be but I know it's gonna be something nice and -- again those same kind of circumstance.

Paul Ryan is a very intelligent articulate I've -- no one.

Thinks of them is some kind of great debaters so.

You know I think you know Biden to guys always -- front of crowds he's always you know you -- -- blue collar you know speaks.

Sort off the cuff here and there's so.

It should be pretty interest in.

So doctor -- all time.

And our reseller models on.

I never thought it was a dumb gone so -- sold them.

He's down I you know I I think you get to check I think because they've established a sort of aura around the middle Walton to say certain things that will be on presidential certainly for the president to say but they really want to get it out there.

And he's the guy you can -- the conduit to get certain things out there.

You know.

Let's call it plain language if you will now that no one else probably the administration to get away with the -- that's actually breaking to have someone like that -- on your team.

Iran Mozilo there's a real numbers guys are yours and -- indicated.

-- all.

But -- biggest too much into the minutia of all that is -- -- -- -- Yeah he's gonna put everyone is implemented asleep phenomenon quads I numbers -- here's -- I think Ryan probably in my mind to do though.

His background it's amazing in a historian Stanley story -- -- his father died.

And I think he should connect with people like this because -- saddest thing that's going on in this country right now the idea that somehow.

If you work hard.

And you become successful you are the -- of America's existence -- -- you are the problem with America.

It's not the person has been a welfare from from personal from from birth to death -- not the problem.

It's a person that got all -- it that some -- the problem.

And we've got to turn around and he's got an amazing story to help articulate and illustrate that you.