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Rick Santelli: Most Analysts And Economists Try To Spin Weak Data As Strong

RICK SANTELLI: "It is all about jobs. In general, most analysts and economists definitely tried to spin weak into strong. There is no doubt about it. The cost-benefit analysis concept seems to get lost. When you check out the Fed, and you check it out versus inputs and output, what tends to happen is we have all of these programs and we see what the data is, and it is no surprise, I think, that we try to spin these mediocre, middling Goldilocks numbers to keep the Fed in the game and it really isn't about inputs and outputs."

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