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Nov. 4, 2005 - Rush Limbaugh Program
36:42
November 4, 2005, Friday, Hour #3
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Welcome to today's edition of the Rush 24-7 podcast.
You know, folks, I cannot believe how difficult it is to teach adults economics.
I also find it amazing.
On any other subject, you pretty much acknowledge that I know what I'm talking about.
When it comes to this, all of a sudden I'm the stupidest, most blind in the back pocket of big oil guy who's ever come down to pike.
Greetings, it's Rush Limbaugh.
It's Friday.
Let's just keep going.
Telephone number is 800-282-2882.
And the email address, rush at EIBNet.com.
Here's the one thing I don't understand.
And before I tell you that, let me tell you what I do understand.
I understand the cost of gasoline and these massive increases and the fact that such a large percentage, I know the effect it has on people's lives.
I'm not suggesting that I have no empathy or understanding about that.
But at the same time, what I don't, but I just don't complain about it.
I mean, I've hardly ever complained about consumer issues.
You know, people, one of the earliest philosophies of this program was if you're going to call here, complain about phone bill, take it somewhere else because it's always going to go up.
If you want to call and complain about the electric bill, don't talk to me about it.
Call some local host who thinks that's a big issue because it's only going to go up.
But when it comes to gasoline, and I know why, it's because all these years of pummeling big oil, there is a belief out there on the part of, and I'm sure many of you, they think that you think that they can just raise the price or lower the price at whim whenever they want.
And I'm telling you, they can't.
It's not how it works.
The thing I really don't understand is, why do you look to those people in Washington to lower the price of gasoline when they're the ones responsible for where it is?
It's not big oil.
Anytime you have such a heavily regulated industry that's taxed to the hilt like this one is, you tell me that you're going to get satisfaction from people.
So we're going to have a windfall profits tax.
Okay, so we're going to punish the oil companies, but you tell me how that's going to help you.
It's the same thing as class envy when the Democrats start talking about raising taxes on the rich.
The whole point of that is to, because the Democrats run around saying, it's just not fair.
These winners in life's lottery have so much, and the poor and the downtrodden, the middle class have so little.
So they don't focus on how to increase the amount of things, the wealth of people in the lower and middle classes.
No, they just, we're going to tax the rich.
And you people in the lower middle class will go, wow, that makes me feel better.
But the price of gas is still what it is, and the price of bread is still what it is, the cost of living is still what it is.
And you're supposed to be made happy by the fact that the rich are paying a higher tax rate.
What good is that doing you?
So the liberals all this time in class envy, they're just peddling Schadenfreud.
They want you to be happy when you think somebody else is miserable, but your misery hasn't changed.
Right?
Okay, so you're looking to the guys, the people that are largely responsible for the cost of energy in this country are dearly beloved politicians.
You're looking to them to do something.
Just do something.
Okay.
What are they going to do?
Windfall profits tax on big oil.
Yeah, yeah, yeah.
Stick it to them.
Really let them have it.
What's the price of gasoline going to be tomorrow after they do that?
Is it going to be lower?
Is it going to change what you pay for gasoline?
No.
And the politicians doing this know it.
And they also know that big oil can get around the windfall profits tax any number of ways because it's an international commodity.
And try as they might, our elected officials can't set oil policy for Saudi Arabia or OPEC or anywhere else that big oil can go and get oil.
So there's a way around it.
My friend in Seattle, the Hutch, the Reverend Hutch, Dr. Hutch, sends me this note.
Great explanation on the oil company, pal, but I still don't understand how they can charge the most for the cheapest gas made, diesel.
And am I wrong that jet engines fly on kerosene?
And that's also cheap for the price of jet fuel.
Get me informed, my man.
I'm sure Snurvey thinks it's a brilliant question.
The answer to this is so simple.
I go back to how difficult it is to teach adults economics.
We've got our economist on the line here.
When I get to him, I'm going to ask him how difficult it is to teach college kids economics.
It's got to be pretty difficult because a lot of people go to college and take economics, come out not knowing anything about it.
I have not taken economics in college and I know a lot about it.
Okay, here's the answer, Hutch.
It got a barrel of oil.
And out of each barrel of oil, the vast majority of refined product is gasoline.
And I don't know in what order this comes, but gasoline is, I think, the most.
And then you get down to the diesels and the and the he's right, by the way, jet fuel pretty much is kerosene.
It's a jet A on the trucks, but he's pretty much right.
It's kerosene.
And of course, if you go to the store and buy some kerosene, how much does that cost?
Not much.
Go to buy diesel, diesel.
He says, how come the cheapest gas made they charge the most for?
Because they make so little of it.
They refine most barrels of oil, all barrels of oil in this country, the vast majority get refined as gasoline.
But of each barrel, a small amount gets made into diesel, refined to diesel, other gets refined into jet A or kerosene.
And there are countless other derivatives, but they are in a very small quantity.
So the smallest percentage of each barrel of oil gets refined into these cheaper, you would think, grades.
But it's a supply and demand problem.
Since they make less of it, it's obviously going to cost more.
And by the way, you can't then say, can you imagine?
Imagine if I did this.
Imagine if I came to this program and started complaining to you about the cost of jet fuel for my airplane.
Do you think you'd have any sympathy for me?
What if I said, I demand that big oil start refining more jet fuel so the cost comes next?
You know what?
You're going to say to me, what do you mean?
They're going to make less gasoline, the price is going to go up.
Aha, exactly right.
So there's only so much of it that can be refined with the capacity that we have in this country.
I haven't built a refinery in 30 years.
The vast majority of it goes to, and then of, folks, let's then talk about the gasoline that's refined.
Good old EPA says that 42 different formulations have to be made for different geographical areas of the country because the environmentalist wackos think that it's going to help with pollution problems.
But notice, in the face of national disaster, like Hurricane Katrina, notice how easy it was to just suspend those regulations.
And did you notice how quickly the distribution problem repaired itself when gasoline refined for Chicago only could be sent to Atlanta or New Jersey or St. Louis?
Gasoline refined for Southern California only could be sold in Florida.
Do you realize how that fixed the distribution problem?
Do you realize what that does to the cost of this product?
Look to the guys in Washington if you want to find out why energy prices are so high.
I guarantee you, big oil is like any other business.
They wish they could get as much product as possible and sell as much as possible at the lowest price possible.
They would love to be in the volume business.
The problem is the environmentalist wackos are trying to put them out of business because they're being blamed for global warming.
We'll talk to our economists next after this break.
Stay with us.
You're listening to Rush Limbaugh on the Excellence in Podcasting Network.
I had these numbers in front of me yesterday, and Brett, I think you sent them to me.
I don't remember exactly what they were.
The amount of money that big oil spends on environmental protection.
Seems like it's been, what's the figure the last nine years?
Is it $54 billion?
$87 billion in the last nine years on environmental protection regulations demanded by the government, the EPA, thanks to your friendly environmentalist wackos.
Let me ask you a question.
Do you think big oil, like any other company, is just going to say, okay, we'll spend $87 billion and not try to recoup it?
Where do you think that $87 billion gets recouped?
At the pump.
Just like every other business, no corporation pays taxes, folks.
You pay the taxes that they pay.
It's in the price of everything that you buy.
So everybody, we need corporations to pay tax.
You're just asking for higher prices.
You're just asking for it when you demand corporations pay an increased tax rate because you're falling for this notion that they need to pay a bigger share of the tax bite since they're wealthy.
You're going to pay it.
So all these environmental, they're trying to put the oil companies out of business.
I'm telling you, if big oil had their dreams, they would be able to drill anywhere.
They'd drill as much as they could.
They'd have as much to refine as possible and they'd sell it as cheaply as they could.
Because we've got tons of this stuff all over this planet.
All right, here's Herb in Lawrenceville, New Jersey.
He is an economist.
What's the university you teach at?
Ryder University.
Ryder University.
Yes, sir.
Welcome to the program.
Welcome.
Thank you.
What I called about, I guess from time to time this comes up in your program about gasoline prices.
It was on yesterday.
And, you know, I'm screaming at the radio at the same time because I try to get this across.
If you look over the last 50 years, 55 years really, and it just for the consumer price index, gasoline was selling for around $2, $210 a gallon back in 1949, around $2 a gallon through the 50s.
It dropped through the 60s down to around, again, in constant prices, down into the upper 150, 160s, back up to around $2 a gallon during the 70s, spiked in the early 80s up to around $2.75 a gallon, dropped back down again, hovered around $1.50 a gallon real term.
You're talking today's dollars now.
In today's dollars, yes, roughly, in today's dollars.
And it's backed up.
And what we had, we had it hovering a little under $2 a gallon.
You know, if you look at the CPI, it kind of almost reflects that long term, the consumer price index.
And it got up around a little under $2.
Then we had the, you know, the expectational, well, we expected to be higher in the summer, and it did go up.
And then you had some of the shock effects, which, you know, drive the commodity markets.
And as we try to teach our students in economics, it's the marginal costs that really drive the prices.
And so when you have the commodity markets for speculative reasons bidding the prices up, that's what's going to happen.
And to the degree that you can push prices up a little bit faster, perhaps then they'll drop back down.
There may be some windfall profits.
The term isn't a dirty word in my lexicon.
Windfall profit just happens to mean you're in the right place when the demand shifts.
And you can have windfall losses the same way.
You're in the wrong place when the demand curve shifts.
All right.
Now, according to CPI, what would the current gasoline price in today's dollars have to get up to to be the highest ever?
Oh, it was probably their highest ever, I don't know, because my data, you know, the stuff I'm looking at don't go.
Well, because the media is not a problem.
It was up around $350, $360 a gallon.
Okay, right.
You can understand why people scream at those prices because it's largely unexpected.
And they've made lifestyle choices based on roughly around $2 a gallon.
Right.
And so you get that expectational thing, and people complain about it.
If you look at the long-term growth in gasoline consumption, it's been modest over the last several decades also.
Primarily, I guess, because of fuel efficiency, people have downsized to some extent their cars.
They have more cars on the road.
But I wonder even, in fact, oil companies commit long-term, a lot of money toward building new refineries, getting past all the hurdles they have to get to.
You have to figure that you've got a 30-year-plus investment out there.
And in the current climate, is this going to be a valid investment to make?
So you start taxing windfall profits or seriously erode the long-term potential profitability of a new refinery.
You're not going to get them getting built anyway.
Well, not only that, it takes 10 years from start to finish with regulatory prices.
That's what I mean.
So you have that, first of all, the period between which you finally decide you're going to go ahead and get one online, and then you have the lifetime investment that presumably has to have some payback to the shareholders.
So the gasoline prices, though, as they're drifting back down toward $2, and I tell my clients I would expect them to settle sometime, somewhere around $2, $2.25.
I don't know for certain.
I mean, there can be other exogenous or outside forces that alter expectations and drive the thing back up again.
But if you look over the long term, gasoline has been somewhere around $1.50 to $2 a gallon.
When I say long-term over the last 50 years, as related to the consumer price index that you use today's dollars.
Now, explain something to the audience, if you will, since they're not believing me on this.
Explain to me how a windfall profits tax on the oil companies is going to lower their gasoline price at the pump.
Oh, I don't think it would have any kind of an effect on the gasoline price at the pump.
Exactly.
You know, it may have some effect on their share prices in the stock market, you know, because right now they've been bid up a little bit because of these reported higher earnings.
So stockholders may get the effect.
But what happens at the price at the pump is determined by the good old supply and demand.
If people could just understand it in an analytical sense, supply we hear the terms used a lot, but I don't think people really understand marketing.
Let me ask you a question about that because I know this is something burning in people's minds.
Right after the Hurricane Katrina hit, when we were told that they lost all of their refining capacity out in the Gulf, Hurricane Katrina and Rita, lost the refining capacity, we had some supply interruptions because pipelines were down.
And yet the price skyrocketed immediately.
And that leads people to think that somebody's sitting somewhere and making a calculation, okay, we can get away with jacking the price up right now because everybody thinks there's going to be a shortage, and so we can do it.
How do you explain that to people who have that erroneous thinking and belief on this?
Well, it's actually, you know, if you expect prices are going to be higher tomorrow, don't you try to buy today?
I mean, in effect, that's what happens.
If you expect prices are going to be lower tomorrow, it's the way expectations drive financial markets.
They drive commodity markets as well.
And so, again, it's what, you know, so people expect it's going to be higher.
They hear the news.
You know, there's going to be a frost in the California oranges or Florida oranges, and suddenly the price of orange juice goes up on the commodity market.
Frozen orange concentrate.
Why?
And like the Dukes in the movie Trading Place, you're trying to corner the orange juice market.
But you see these prices going up, and you have to recognize that as a holder of that orange juice, after you sell it, you've got to replace it at what that new spot price is going to be or what your contracts are going to be selling.
It wipes out your windfall profit.
Yeah, so the windfall profit goes to finance in effect, potentially, unless it truly is a windfall profit and prices drop back down.
So when you come to replenish your inventories, you can get them back at a lower price.
Professor, could you explain to me how a person, a woman with no experience in the business at all, could turn $10,000 in the cattle futures market into $100,000 in one year?
Very lucky.
Very lucky.
Good information.
Oh, well.
Well, how much trouble do you have teaching this to your students?
A fair amount of trouble.
I think partially because academic economics really tries to approach issues very rigorously, if you want to say scientifically, that's fine.
And a lot of times getting into it, we use language that's familiar, but we use it in a very specific way, more precise way than people are used to hearing it.
And for some students that aren't, let's say, motivated to make that initial upfront investment in time to really get into the analytical methodology of economics, they try to memorize everything in sight.
What turned me on to economics when I was in college was I didn't have to really memorize a whole heck of a lot.
It's a very deductively based discipline.
And so once you get some principles down, you know, and there's a lot of stuff in economics that's, in a sense, it's counter to what you think would be a logical conclusion.
But when you examine it, in fact, it is the logical conclusion.
That's the way it hit me.
I was taught economics by people like you long after I left school.
And I always thought economics was pretty logical, too.
But when it was explained to me by somebody who understood it, lights went off like they never had in my life before.
Like I just learned some big secret, but it made so much sense I couldn't figure out why I didn't see it myself that way in the first place.
I appreciate your time and your support, Professor.
We'll be back and continue in just a moment.
And we're back on a cutting edge.
El Rushboe having more fun than a human being should be allowed to have.
And, you know, I've always maintained it.
I love it when I'm right.
I love hearing myself say it when I'm right.
And I know it when I'm right.
And that's can't tell.
Just debt, debt, debt is, that just jazzes me up.
And it happens a lot, so I'm a happy guy much of the time.
Gil in Philadelphia, welcome to the...
Oh, Gil, are you being affected by that transit?
Are you being affected by that transit strike?
No, as a matter of fact, I have a huge SUV that gets me wherever I want to go at only $2.50 a gallon.
Well, good, because I have a story here in the stack, and it's a quote from the governor of Pennsylvania, Ed Rendell, who has not taken a side in this strike, but he told the striking labor workers, the transportation worker, transit workers, that it's only reasonable that they should pay for some of their health care.
And I said, whoa, you talk about a momentum shift when a Democrat governor, former head of the Democrat National Committee, tells a bunch of union people it's only fair you pay for some of your health care while Howard Dean's out there saying that everybody ought to have their health care paid for in total by somebody else and Hillary Clinton wants people to do the same thing.
Here's the governor enmeshed in real life telling his own constituents, it's only fair that you pay some of your own health care.
They're being asked to pay 5% of their premium and they're striking over that.
But if you've got a big SUV with a radio in it, you're not affected by it.
No, I'm not.
I'll tell you what, though, you can't even get me started on Ed Wendell because here in Philadelphia, we have a left-wing newspaper, the Philadelphia Inquirer, and they have been his cheerleading section for years.
You don't have to tell me about the Philadelphia newspapers.
Well, let me tell you something, though.
You don't have to tell me.
They have just announced layoffs down there at Philadelphia Inquirer.
They actually have, you know, they do firm banks trying to get you to buy their newspaper.
And whenever they call me, I say, the day it comes along, you endorse a Republican, I'll buy your newspaper.
And I still haven't bought any of their newspapers.
But listen, Rush, the reason I called was I wanted to say one of the problems that the left is having, in my opinion, is that a liberal never means what he says and he never says what he means.
So therefore, they always had to deal in nuances.
And in my opinion, part of the problem is that now they can't deal in nuances and platitudes anymore because you, the great translator, are there to tell us what their words really mean and what their actions really accomplish.
I think that's a pretty clever way to put it.
Listen, Rush, can I make one other point, please?
Yes.
Wait a minute, wait a minute.
Before you make, tell me what it's about.
Well, it's about the merger of Exxon and Mobile.
Okay, I guess I deserve to let okay, yeah, yeah.
Fire away on the merger of Exxon and Mobile.
Well, I just want to point out that in the 60s, a lot of people, college students in Yale and Princeton sat around smoking doping, bemoaning the evils of big oil.
And it amazes me that in 1994, one of their own, Bill Clinton, when their profit margins were down and their stock was, you know, prices were low enough to hurt the Dow Jones average, the Clinton administration allowed Exxon and Mobile, the two of the great evil empires of the 60s, to merge for one sole reason, and that was to pump up their stock price.
That's right.
That's right.
So big oil became even bigger under Clinton Gore.
All right.
Gil, I appreciate that.
Occidental's been doing pretty well.
BP merged with British Petroleum merged with somebody, BP something or other.
Yeah, they're all merging out there.
But he's got it right.
Liberalism has a translator, and it's me.
And they don't get away with their nuance anymore.
All right, Kyle in Billings, Montana.
I'm glad you waited, sir.
Welcome to the program.
Thanks, Rosh.
Big fans, since 1992.
Thank you.
You bet.
And I wanted to ask you a question.
I've just loved all the books you've suggested over the years, everything from Vince Flynn to Joel Rosenberg, Tom Clancy.
Just curious what you're reading now, and if you can suggest any other books.
Well, there is, there's a, let me go to the website here and get one book up real quick because it's a new book out, and I have it here, but I've put it in a bookshelf because I finished it, but I want to get the title of it right.
And I'll get this as soon as that website comes up.
But the novel I'm reading now is Consent to Kill by Vince Flynn.
Great book so far.
Yeah, it is.
He takes care of the wife problem in this book.
I don't know how that happens.
That happens near the end of the book.
I'm looking forward to getting there.
I've been tempted to just go to the end of the book and find out how he takes care of the wife problem with Mitch Rep. But, you know, there are a lot of other books.
On my website, we have an entire library of suggested reading, and it's categorized.
Are you a subscriber at RushLindbaugh.com?
Unfortunately, no.
Well, I'm going to make you a subscriber.
I'm going to make you a complimentary subscriber.
Well, thank you.
So hang on at the end of the call.
We'll give you all the things necessary to make you a complimentary one-year subscriber, and you can browse there.
I can mention some of the things to you.
One of the early books that I read, and it's by Friedrich von Hayek, and it's almost like a conservative mini-Bible.
It's tough sledding.
He's a very highbrow writer.
You'll have to stop and think about it.
Maybe you won't at this stage, but when it's totally new to you, you have to.
It's called the Constitution of Liberty.
Great.
Constitutional Liberty and the Road to Serfdom, both by Friedrich von Hayek.
It is just, it's just a, both of those books are excellent in fundamental conservatism and predicting where we'd all end up if liberalism triumphed.
Read Anything by Thomas Sowell.
Excellent.
One of his great books is The Vision of the Anointed, and the anointed are the left who think that the government is theirs by entitlement and birthright.
And it is eye-opening as well.
Alan Bloom, who is a professor at University of Chicago, who has passed away, wrote a book called Closing of the American Mind.
Greg Easterbrook has a book worth reading called The Progress Paradox.
And I'll tell you, I don't know where to stop with this.
If you want to understand what we face and what we're going through in the attempt to write the Supreme Court, Levin's book, Men in Black, is the best book.
If you want to read a novel, an entertaining book that will explain the environmentalist wacko movement to you, get Michael Crichton's State of Fear.
It's just fabulous.
I wrote a couple books that are pretty good at all this, too, but I don't like recommending my stuff.
But book, Robert Bork had a book called Slouching Toward Gomorrah.
And it is about the culture wars.
Hannity's got a couple of great books out there as well.
And if you can find some compendium books, a book of series of columns by George Will and William Buckley out there.
All these things are recommended on the website.
Now, the book that is just out that is just, it's number two on Amazon right now.
And it's called Do As I Say, Not As I Do, Profiles in Liberal Hypocrisy.
And it's by Peter Schweitzer, who is a senior fellow at the Hoover Institute.
And it is just fabulous.
It points out that Michael Moore, for example, owns stock in Halliburton.
That Al Franken, in the course of his career over the last 12 years, has hired 115 people, only one of them black.
It points out how Barbara Streisand, while lamenting the way labor unions are treated in this country, gets all of her movies produced in Canada so she can avoid.
It talks about Ted Kennedy and his family, how they oppose doing away with the estate tax, but the Kennedy family has sheltered all their money in a myriad bunch of trusts to avoid estate taxes.
It is just replete with example after example of the utter hypocrisy of the left.
And it's, again, it's Do As I Say, Not As I Do, Profiles in Liberal Hypocrisy by Peter Schweitzer.
And that's the latest one that's out there, and it's not a big book, and it's fun reading, and it is eye-opening.
In fact, it'll surprise you, but it won't.
Because we don't believe that liberals are these pure and clean as the wind-driven snow types anyway.
And this will just give you, I mean, reams of data to illustrate and see just what a bunch of hypocrites they are and how they are dishonest and how they misrepresent themselves to the media and to their own supporters.
So it's something well worth investing in.
I have to take a quick break here, folks, because of the constraints of the programming format.
We will be back.
We will continue in mere moments.
By the way, let me say that the library at rushlimbaugh.com is on the free side of the website.
You do not have to be a subscriber to get to the library section.
I was just being a nice guy with the previous caller, making him a complimentary member.
You know, folks, in terms of other things, I read my newsletter.
My newsletter is fabulous.
It comes out once a month.
And, well, I don't only read it.
I put it together.
But my brother has a great book.
There are two books here that deal with the same subject in different ways.
My brother wrote a book called Persecution, How Liberals Are Waging War Against Christians.
It is just fabulous.
And John Gibson has a new book out called The War on Christmas, How the Liberal Plot to Ban the Sacred Christian Holiday is Worse Than You Thought.
My brother had trouble getting on radio stations other than Christian radio stations to talk about his book.
Gibson can't get anywhere.
Today's show, none of these shows will have Gibson on to talk about his book.
They're scared to death of the truth of what the left is trying to do to Christmas and the basic structure of the Judeo-Christian society we have.
They're just devastated that people have figured out what they're trying to do, via the ACLU and others.
So it's hard to stop once I start mentioning books to you because I make enemies by forgetting to mention books that friends of mine have written.
And it's just impossible to go through the whole list, which is why I say the library section of my website is free.
Oh, this reminds me.
I keep getting questions.
You're going to have the DVD of your Broadway show available.
It's really close.
I approved the cover art and photo yesterday and I approved the credits.
They sent me the credits for this thing and I said, well, this is pretty boring.
So I had to add some things to the credits.
I added Mr. Snerdley as the official performance observer.
Dawn Ramos was the makeup judge and so forth.
Well, Dawn told me how the makeup looked really good.
So we had her makeup judge, and we have, of course, they had to credit the catering, had to credit the writer.
There wasn't one.
Heads and sands.
So it's all coming together.
I was frankly hoping that it would be in the store today, in the EIB store today, but I don't think we're going to make it have it ready till next week.
What, Mr. Sternley?
What?
What?
Oh, you look like you had a question.
So, but that DVD, it's pretty much done.
We've finished the editing process of it.
We didn't edit any of me out.
It's just the way the order in which we put things.
But I'll let you know when that's ready to go as well.
Here's John in Worcester, Ohio.
Nice to have you on the program, sir.
Welcome.
Yes, Rush.
Greens from Northeastern Ohio.
The Democrats in Washington may be looking idiotic, but they're up to some real serious trouble here in the States.
Here in Ohio, we have something on the ballot next week called Reform Ohio, which changes our election laws very seriously.
This is being pushed by moveover.org and by NARAL and also people for an Atheist Way.
What they're basically doing is they've got propositions two, three, and four that would, one proposition does away with the Secretary of State overseeing election activities of the elected board.
That's because he's Ken Blackwell.
Yes, it all goes back to their hissy fit on the election last year.
Another one does away with the legislator doing the redistricting and puts up to another board another initiative.
See, you know what all this is a result of?
I know it looks like they're trying to change election, and they are because they can't win legitimate ones.
That's correct.
And of course, the whole process of drawing district lines has always gone to the winners.
And since they can't win, they want to take it away from the current winners the right to do it.
I'm aware that they're doing these kinds of things, and I know that it's somewhat intimidating.
I'm going to have to look into the progress and the status.
When is the election for these two propositions?
It's next Tuesday.
There's four propositions: two, three, four, and five.
Have you seen any polling data on how these are doing?
Haven't seen any.
There are some dueling advertisements by various groups, including some of the conservative groups against it.
But it's being pushed pretty heavily, and they all.
I'm sure it is.
Well, you know, moveon.org pushed John Kerry pretty heavily, and Move On.
George Sorrow said I lost.
And I know Ohio is a close state, but I don't want to predict an outcome here because I don't really know what the mood is.
But we'll look into this.
By Monday, we'll have found something out about how this is going.
My instinct here.
Never mind.
I'm not going to share my instinct because I don't know.
I'll share the instinct until I know more.
See if the instinct is confirmed.
I appreciate the call.
We'll grab a couple more here when we get back.
Stay with us.
Okay, who's next?
Arroyo Grande, California.
This is Mike.
Welcome, sir.
Nice to have you on the program.
Maha Rushi have been with you since Sacramento days.
Thank you, sir.
25 years ago today, Ronald Wilson Reagan won his first term and started the revolution.
At least we not forget.
25th anniversary of the 1980 victory.
Ronald Rue.
You're right about that.
It totally slipped my mind.
Well, you have an awful lot on your mind.
Now, that's true.
That's true.
Sometimes my brain swells to the point my skull can basically contain it.
I don't know how you can do it day after day with the drum beat.
You know, it's like anybody else who loves what they do.
Really not work.
God bless you, Rush.
I'm so glad you're there.
I I just don't know what this country would do without you.
I frankly don't either.
Uh, I don't know, but if people say that to me, I don't know what to say other than thank you.
Thank, thanks very much.
I, I appreciate it.
I really don't have that viewpoint, but I I appreciate your, your kind words.
Uh, I don't know what's up with Andy Rooney.
Maybe I, Andy Rooney, I just I find it interesting that he said on the radio this morning what he said and nobody has made a big peep about it.
I've been waiting, i've been waiting on purpose not to mention this.
I will bet you that if I repeat what he says, that will make news.
The fact that he said it first will not do.
You know what he said?
He said what Andy.
What Andy Rooney said was that he doesn't like the term African American, that he thinks the the word Negro is is perfectly fine, but he's not.
He's not a big fan of the term African American, said on the radio today and there hadn't been a peep about it.
Uh, and we'll, we'll just see how long it takes for there to be some sort of outrage.
I don't think there's going to be any Weather.
See you Monday, folks.
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