DAVID ASMAN (FOX BUSINESS ANCHOR): So, what the heck was the White House thinking when they were warning us earlier this week about a terrible jobs report? Here’s Jen Psaki, just to remind you, she’s speaking on Monday, listen.
JEN PSAKI (WHITE HOUSE PRESS SECRETARY): So we just wanted to kind of prepare, you know, people to understand how the data is taken, what they’re looking at, and what it is an assessment of. And as a result the month’s jobs report may show job losses, in large part because workers were out sick from omicron.
ASMAN: Here now is Kaltbaum Capital Management and Fox News contributor, my buddy Gary Kaltbaum, to talk more about this and the portent for the future, particularly interest rates. Good to see you, Gary. So, were they just terribly misinformed, or is there something else going on here? I mean, I trust you heard what [Fox Business reporter Edward Lawrence] was just saying, was that we have a new way of calculating.
People are suspicious, Gary. After all of the misinformation we got from the CDC, and all the other federal organizations during this pandemic, you can’t blame people for being suspicious.
GARY KALTBAUM (FOX NEWS CONTRIBUTOR): Yeah, look, not the worst thing to under-promise and over-deliver, or maybe it was a rusty abacus that didn’t work too well. But look, I always say, anybody that didn’t have a job yesterday that has one today, that’s a darn good job and let’s hope that continues. The president’s job is to take credit for everything that's good, and blame everybody else for everything that’s bad, and that’s what they continue to do. I get it.