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May 29, 2006 - Rush Limbaugh Program
36:39
May 29, 2006, Monday, Hour #2
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Hiya folks, we are back after a short timeout here at the EIB Network, Rush Limbaugh, hour number two of today's excursion into broadcast excellence.
And a hearty welcome to all of you watching on the Ditto Cam today.
Membership privilege at uh www.rushlimbaug.com.
And I'll tell you what we're doing here.
I uh about about our uh new additional uh technological advancement and uh free of charge service.
As you know, we offer podcasts of the radio program each day, three files each hour, a separate file, and a video podcast of the morning update.
Uh it's the easiest thing in the world to do.
You go to our website and you click on a link and it opens Apple's iTunes if you have it installed on your computer.
If you don't, you need to get it, iTunes six point whatever.
Uh but assuming you have iTunes uh and you're taking podcasts, I mean we assume you do, but if you don't get it, it'll run, it'll start iTunes, you s you you simply enter your 24-7 password and uh and user ID, and it's it.
And in the podcast section of iTunes every day, magically, without you having to ever do another thing.
All four daily podcasts will download automatically.
But what's happening is people are making this much harder than it is.
And we are being inundated with technical questions here.
So what we've decided to do is to put up an FAQ, frequently asked questions, and of course, answers on the website.
We're working on that now, but the most just to deal with this, the most frequent question we are getting is from people.
Hey, I've done everything that you said, but all I see is the video podcast the morning update.
I'm not getting the show.
I'm not getting the radio show podcast.
Yes, you are.
You're just looking in the wrong place.
Nine out of ten of you are looking in the iTunes library for these files, and that's not where they go.
If you look right what is it, right under library, you'll see a word podcasts.
And if you click on podcasts, then voila, the list of files that you have downloaded from our service will magically show up instead of your songs in the in the library.
Video and audio will be there.
The video podcasts will also go into our own separate video podcast file on the videos right under podcasts.
But you're making the mistake of looking in the library for these things, and and I mean they're there, but you're gonna you play hell finding them if if if you got the library's everything you have on there.
But podcasts is where we're gonna look for.
We're putting up the frequently asked questions, and and uh when we get those done, uh, and I I hope it'll be soon, hope it's today, then I'll direct you to it, and it should answer pretty much everything.
But we're trying to answer your questions as quickly as we can.
We have a uh we have a group of uh of engineers and experts uh who are looking at all the questions that come in and hopefully getting back to you as uh as quickly as possible.
All right, uh I want to continue on this business of oh this just in, ladies and gentlemen.
The president's approval numbers are lower than they were ten minutes ago.
This according to the Reuters AP Ipsos poll.
Don't have a number yet, but they're highlighted ten minutes ago.
The president's numbers were higher than they are today.
We'll keep you posted or this moment.
We will keep you posted.
Um I've got I've got some people on hold here, and I'm not trying to preempt your phone calls.
I'm really not.
I want to talk to you.
So you're out there, stay where you are, stay glued to the phone, I'll get to you ill quickly.
But I, as you know, sometimes I have a short few.
Sometimes my patience is tried, sometimes my patience is limited.
Most of the time it's not.
Most of the time I'm the most congenial host that you'll find out there in major American media.
But I I tell you what, I really have a uh uh I guess it's a moderately short fuse when I hear people complaining and moaning about oil company profits.
As I said, if you look at the housing boom that we have recently been in, because of the new assessed valuations of everybody's houses, I bet your property taxes have gone up quite a bit.
Ham it, I know mine have.
I would be afraid to tell you what my property taxes are.
You wouldn't believe me.
You'd think I'm stupid.
I would be afraid to tell you.
You can but but I'm mine have gone up.
Everybody's gone up.
And I don't hear anybody complaining about that.
You talk about a windfall profit for your state and your local government.
I well, you you what do you mean you don't feel it?
You don't you only see most people it's wrapped up in the mortgage payment, but you're still paying it.
This is my whole point.
You're getting tricked.
You're being sucked into thinking that government's not stealing you blind.
When they are, but see if you had to pay your taxes like you have to buy gasoline, I guarantee you you'd love the oil companies, and you would be rioting against your government.
The the oil companies make about a dime of profit on every gallon of gasoline sold.
And the amount of taxes that go to the state and the city and feds in in in these in in these uh gasoline transactions is appalling.
But nobody ever talks of no, all we ever get.
We have people say the oil companies ought to put America first.
Walmart ought to put America first.
Whoever ought to put America first, forego any profit.
Just pay for pay for social security, pay for health care, pay the minimum wage increases.
Just make sure that pay for America, pay for everything.
They gotta pay your health care, they gotta pay your social security, they gotta pay a minimum wage.
They gotta pay your daycare, they gotta pay everybody gotta pay your vacation, they gotta pay your sick days, they gotta pay your maternity leave, do everything, and they're not supposed to make a profit.
No, no, no, no, not supposed to make a profit.
That would define a great American business.
And yet, when your government rapes you, when your government steals from you.
Uh you probably aren't even aware of it because you, as Mr. Snerdley says, your property taxes end up in your mortgage pay.
Well, uh wait a minute now.
Wait a minute.
It's been so long since I've had a mortgage.
I I know mine were in my first.
You know, my I get the bill.
I get but when property taxes go up, you still feel it, you still have to pay them.
Your mortgage payments gonna go up.
The bill's gonna get higher.
It's be amortized over the time of your of your mortgage.
Whereas I don't know, but see, if I don't pay my property taxes within six months of getting the bill, they can take my house away from me.
That's absolutely right.
And and Lord knows you hope they don't lose your address and you don't get the bill because they won't tell you that they haven't been paid.
They'll just put your house up for sale on the on the courthouse steps.
I'm not I'm not getting far but it's it's you know, maybe I'm a little bit more sensitive because I pay these things out of my if you i if if just if pay my property tax, I I I pay my federal income taxes quarterly.
And so I'm a little bit more concerned when government makes windfall profits.
I'm a little bit more because look at how irresponsible they are at spending it.
Look at how horrible they are at providing services, despite redundant programs.
You know, and and at least when you show up with the gas stump, when you show up with the gas pump, the gasoline's there.
Whatever it costs you, it's there.
When you go to the DMV, you better you better take a two-day vacation just to make sure you get done what you need to get done the DMV or anything else.
Poor people that are on Social Security or Medicare.
Look, we're having to have education seminars to explain Medicare to people.
Do you need an education to learn how to use a gas pump?
You do not.
The people in the private sector make it so.
Look at me.
Look at our website.
We've offered something simple as pie, but some people are intimidated because it's high tech.
They're getting a computer for the first time.
We're going out of our way to make the experience as easy as possible.
We're not charging anybody a dime for it.
Additional, when there's a membership fee, but we're not incrementally pricing.
The government price goes up for everything every year.
At the same time, we're told that the budget's been cut.
Draconian cuts, people are gonna starve.
People are going to be licking the dust hoping to find traces of water because they'll be so thirsty.
Grab audio soundbite number four.
I told them to stand by on one and two, but I've changed my mind.
This is a caller on C SPAN today.
Uh Jim Moran, Democrat Virginia, was on.
This is uh the Washington Journal hosted by Steve Scully, and a caller from Kingsport, Tennessee has this exchange with Moran, and I am convinced this caller is a member of this audience.
This morning, uh, you really got my ire up.
First of all, talking in the royal wee about money.
Money does not belong to the government.
It belongs to us.
You don't give us money.
Do you understand?
You're taking it from us at the point of a gun.
So you're agreeing that we should not be spending four hundred billion dollars on Iraq.
We now spend as much on Iraq as we did in Vietnam, uh if you uh uh uh adjust the numbers for inflation.
No, Congressman, he you're you're evading the whole point.
You're evading the issue.
He's not talking about that.
He doesn't agree with you about that.
We're at war.
This is about national security.
This is one of the things that governments charge to do.
We're wasting so much money providing entitlements for your idiot voters and constituents out there is the kind of thing we're all talking about.
Create destroying people's lives.
People have otherwise same capabilities as the rest of us are told they don't.
They told they can't make it.
America's unfair.
They're victims of somebody or something.
And here comes guys like Jim Moran, and we'll fix it for you.
Here, take these food stamps, and here take this um well, take take take take this, and take and it'll add up to you just be about the poverty level, but at least we're doing something for you.
The other people want you to have nothing.
Then they start lying, these people think that you know country stacked against them and so forth.
That's the kind of waste we're talking about.
Human human capital that's being destroyed and wasted, human potential.
It's not being tapped in this country because Democrats and liberals are telling people they don't have any anyway.
I gotta Bray.
Have you heard what Clinton has done now?
I'm such back to the ports deal, folks.
Clinton backs his wife on port deal.
We ought to run our own ports.
This from the guy who is out there lobbying Dubai on how to get the port deal done.
Back in just a moment.
Yes, folks, you heard me correctly.
President Clinton yesterday sought to downplay his role in the Dubai ports deal, saying that he took a single phone call, just a single phone call from an official at Dubai Ports World and advised the company against pursuing the purchase.
That's not what was reported.
What was reported that after doing two speeches collecting 600 grand that Clinton was the guy who told the DP Ports World people to uh to to uh to suggest to go along with a forty-five-day cooling off waiting period.
While acknowledging his ties to Dubai through business dealings and a university scholarship set up in his name, Clinton adamantly denied any official involvement in the scuttled sale and said he was not paid by DP World.
Hey, I won't tell you the truth.
I didn't lie.
I never knew.
I have never heard of this company.
I didn't know this company existed.
I have I have never been an advisor.
I have to ever ask anybody to support this deal.
Not one time.
Well, now what are we to believe?
We got it.
We got Clinton, who is an admitted known liar versus the drive-by media.
This is a no-win.
The drive-by media reported that Clinton advised these guys for the 45 days that it was uh encouraging it, and he did encourage the deal.
Uh but now he's out there saying that he backs his wife.
But we and he his quote, we ought to run our own ports.
Corroborating a statement his office put out earlier this month, Clinton said he took a single phone call from a representative of DP World seeking his input.
He said he told the company he couldn't understand why they wanted to do this.
And that there would be enormous public opposition in America.
Clinton urged the company that if it was determined to go forward, it should propose a way to increase port secure.
So he did advise them.
He did advise them.
Well now saying he didn't.
I never heard of this country, not a single company, not a single time, not once ever.
I didn't advise them.
Now he says we ought to run our own ports.
All right, well, that's all hunky dory and fine and dandy.
But then we have a question for you, sir.
If we ought to run our own ports, why did you let the Chicoms in on the ports at the left coast?
And why did you not complain about the Chicoms operating the ports on both sides of the Panama Canal?
I'll tell you what's happening.
This guy has got taken to the doghouse by his wife big time.
Can you imagine that conversation how dare you undermine me?
How dare you do something that dim d demand and damage my credibility?
Remember what Hillary said?
She broke a leg, folks.
She she she was she was running to a microphone and camera faster than Chuck Schumer ever has.
She said the White House is trying to hand over the U.S. ports.
We can't afford to surrender our port operations to foreign governments.
We cannot cede sovereignty over critical infrastructures like our ports, where you better ask your husband about his acquiescence with the ChICOMs in the port operations on the left coast and at the Panama Canal.
Look, before I get off this, this is not the port deal.
I've got to play these two sound bites.
They go back to the things we're talking about in the first hour.
It goes back to Democrats and fine gold to censure it.
They just come out and say what you're for.
You're for impeachment of the president.
You are invested in our defeat in Iraq and the war on Terry.
Just admit it, you are.
Come out and run on that.
You want to impeach the president who's trying to do his best to defend this country, then then just do it.
Last night on hardball, Hillary Rosen.
And she's some spokesbabe of a Democratic strategist.
She's she's had something to do with the Clinton White House.
I forget what.
There are a lot of women in and out of there, and I just can't keep track of them.
She was on with uh Ed Rogers, who's a uh uh Republican strategist.
Chris Matthews says to uh Hillary Rosen and and Rogers will pipe in here with a with a statement as the male voice you'll hear.
Uh Matthews says, The Democrats, what do they say we should do in Iraq?
The Democrats want the president to stop sugarcoating this and saying uh over and over again that we're headed for victory.
We have no plan.
We're headed for prolonged trillion dollar spending, multiple casualties, and potential civil unrest.
That's what we're headed for.
So, Matthew, so I don't I don't I don't think your party has a policy then.
It doesn't have a policy.
Because it doesn't need to have a policy.
What's the point of a democratic policy?
I can't believe you say that.
What's the point of a policy?
There you have it.
She admits a Democrat strategist that they don't have a policy, they don't intend to have a policy.
They want Bush to stop lying.
They want Bush to stop sugarcoating.
They want Bush to join them in talking about what a failure this is.
Which is why I say emotional satisfaction has become the substitute for victory for these people.
They don't need a policy.
That's why there's no agenda, they don't need one.
What she didn't say is we know the rest of the country hates Bush as much as we do.
Why we can't wait till the election.
We don't need a policy.
Bush is going to be defeated.
Republicans are going to be defeated because they hate him.
Yeah.
Here's Rich and Providence as we go to the phones.
I really appreciate you holding on, all of you people on the phones.
Welcome, sir.
Uh welcome.
Uh thank you, Rush.
I'm just um You caught me by surprise there a little.
Um I just wanted to say um that in terms of all these oil profits, um, drug company profits.
Oh, here we go.
You know, um the uh Walmart, let's let's look, let's get them all in here.
We got ExxonMobile got Walmart, we got uh big pharmaceutical.
Who else?
Who else?
Well, I'm just saying, I I know I agree with you, such as like our, you know, I'm in Rhode Island here, and the gasoline taxes were one of the highest taxed in all the nations in terms of state taxes.
And uh I think in terms of uh the message being sent is that uh you know, all of us need to make a sacrifice.
And I think basically no one said it better than this guy.
What guy?
Uh come on, I'm get rid of this.
I am getting so sick and tired of you liberals and your inability to call here and even sound coherent.
You know, we put you up first in line because you say you're liberals because the charges out there, we we don't take people who disagree with me.
But I'm not gonna sit here and have you can't speak, you can't sound interesting.
I was falling asleep during this phone call.
I'm gonna get him.
I I'm I'm what's that?
It was a John Kennedy.
That's not what your country can.
That's all I need to hear from John Kennedy.
I but the the point is, you start bashing all these businesses.
And and if and and uh can somebody straighten something out for you.
Why all this attention Now to the gas price?
Is it something is it four bucks a gallon again?
Is it three dollars a gallon?
What what what's no, what's happened was that these show boating blowhards in Congress dragged them up there and had a hearing yesterday and demanded to know why they have so many mansions and why they have so many estates and where are these profits going.
Why are prices so high?
So everybody Well, I just got a note from a guy who lives in the Washington area in the beltways in my way to work today, just outside the beltway.
I passed several gas stations within a two-mile stretch of road.
Here are the prices I saw advertised for regular 219, 221, 235, 245, 234.
How can anybody in their right mind stop for gas at 245 when just down the road is two nineteen?
And there were people pumping gas at the two forty-five station.
So if people can afford to pay ten cents more for gas by thy choice, their own choice, then I can say there must be no gas price crisis.
Exactly right.
We'll be back in just a second.
Stay with us, my good buddies.
Don't go away.
A man, a legend, a way of life, El Rushbo, talent on loan from God.
I'm not going to do that.
So seriously, in a two-mile stretch of road outside the DC Beltway, here are the published and posted regular prices for gasoline.
$2.19 a gallon.
By the way, I misspoke earlier.
I said the oil companies get a dime a gallon to guy, it's a dime a dollar.
Dime a dollar they get profit of every gallon sold.
Uh 221, 235, 245, and 234.
All these states to two mile stretch.
Uh the highest price is two forty-five.
Based on the panic and hysteria out there today, I thought I missed something, and gasoline was back up over three bucks.
How can anybody in their right mind stop for gasoline at $2.45 when just down the road less than a mile is $2.19 a gallon.
And there were people pumping gas at the $245 gas station when directly across the street it was $2.35.
Must be hard to make those left turns against the flow of traffic.
So the question is if people can afford to pay ten cents more for gasoline by choice, then how can there be a gas price crisis?
How can there be?
But there is.
One more thing on slick Willie.
And I've been thinking about this during the break.
Because this is typical Clinton.
Let's not forget, let's not Clinton, he allowed the Red Chinese in and the ports in the left coast of the Panama Canal.
I also thought Clinton's a big, big globalist, and I thought he was running around the world dumping on our country.
He was dumping on this country while in the Emirates and while in Saudi Arabia.
And now and then he and then the news is reported he's advising these guys as an unregistered lobbyist advising Dubai Ports World.
Now, the story out today that he never heard of the company, and he didn't advise them except his own quote illustrates he did advise them.
So uh what what is what does he think that this all means?
I mean, he's running around the world dumping on his own country and it's ignorance and the need to become more global.
He's speech after speech after speech.
Remember John Kerry during the campaign thought there was a secret deal between Bush and the Saudis to have the gasoline price low during the election year during the campaign.
And then after shortly after that, Kerry got mad that Bush was not meeting secretly with the Saudi is to get the price done.
These people are all over the ballpark, just like the drive-by media.
Here's uh Jim in Boston.
Jim, welcome to the EIB network.
Yeah, hey, Rush, getting back to this fine hole fine gold thing.
Uh isn't it the Dems trying to nationalize the 06 congressional elections over impeaching or censure of Bush?
Uh just hand it to the GOP.
It allows the GOP to nationalize the 06 uh congressional elections uh over the Bush thing, and it works to their advantage.
That's what I'm saying.
They're stepping into a huge trap and they don't know it.
Some of them probably do, which is why they don't want to join fine gold in this.
But if but I'm I mean there there are plenty of Democrats who think that Bush is just as hated as as uh by the American people as uh as he is hated by the Democrats and their and their lunatic fringe base.
Uh and and the uh uh wait I'm I want to make sure do you think the Democrat strategy is gonna work for them?
Is that what you're saying?
No, not at all.
But essentially what it's saying is it allows the GOP to s to nationalize the election by saying, look, vote for uh GOP, because if the Democrats ever got a majority in either house, they would impeach or censure Bush, so it allows each GOP candidates say well, vote for us just to keep the majority.
Yeah, that that's that's that's exactly.
Um other words, in other words, so long as the the Dems are in the minority, they can't they can't do this.
So candidate can say even in the majority, although all joined fine gold.
Exactly right.
Uh good point.
I'm glad you called Ron in Washington, you're next.
Welcome to the program.
First time caller, God bless, you're doing such a great job.
I really appreciate it.
I'm just uh you know, I've been in the trenches for Republicans and the conservatives for years, and I just very disappointed uh or concerned about what I was reading about Judd Gregg, you know, the chairman of the Senate budget committee.
They were saying that he has opted against using budget uh I'm sorry, against using uh in the budget resolution parliamentary language that would help Bush extend his first term tax cuts.
You know, are we just gonna be giving up on this because uh Judd Gregg saying that we can only get forty-eight and not fifty-one votes?
I mean these tax cuts are a centerpiece of uh Bush's campaign and the and the conservative agenda.
You know, this is a huge issue.
I I hate to tell you, but the only way that this is gonna be sh if if if you've analyzed correctly what Judd Gregg is doing.
Um he doesn't have the votes for this, by the way.
Even even with his even with his uh uh parliamentary language, uh he doesn't he doesn't have the votes for it.
Um but but uh the only guy that can really deal with this is Bush.
Bush is gonna have to get out there.
He's gonna have to that is just a huge he has got to get over to that is really a centerpiece of conservative philosophy of his campaign uh his agenda and of the economy that we have it has practical results.
Well, that's it.
It's not just an a policy agenda item.
It has practical application to daily life in America and it improves it.
It improves it dramatically.
I mean, and I can you know I'm a physician and thank God after all these years of training, I'm finally, you know, earning a reasonable living, and here in two thousand ten, you know, this will expire, the next you know the two they're gonna want to tax more for social security.
I mean, you gotta let people keep the money that they have personally earned by their hard work and not just give it away in every manner of entitlement, you know, which is really the the the converse of all this, which doesn't work.
Yeah, I know.
Well, the um um the the the thing about this is that uh uh the president's gonna have to be the the one to uh make sure that this is uh uh done.
He has to be the one to sell it.
It's his policy.
He's gotta travel around, he's gotta he's gotta drum up support for this, he's got to remind people about it.
Uh they can't fight his bully pulpit on this.
This is something he got elected in part on on the basis of his tax cuts, and they are working.
And if he wants them extended permanently, he's gonna have to he's gonna have to get that.
We can't count on McCain, for example, uh campaigning on that basis, uh, which he might do.
McCain might he's he's uh he's I don't care what anybody says McCain's in trouble in his campaign.
There's straw points.
He's still in fourth place or fifth place.
This is you know, he he could it he can sit there and believe it when the media says he's the front runner, but he's not.
And he's gonna hand and he knows it, and he's gonna have to do he knows he's got problems with the Republican base.
That's why he's doing what he's doing.
He's gonna have to move right, he's gonna have to have move move closer toward Bush.
Uh and and so he may say at some point during this campaign when it gets heated up that he's changed his mind, he understands the need for permanency in these tax cuts now, even though he's opposed it up until now.
His his big fear in doing that is that he's gonna lose support among his media base.
And somebody's got to tell him if every member of the media voted for you, you wouldn't win one precinct.
Much less a state.
Uh much less the uh presidency.
Joe in Ramsey, New Jersey.
Welcome to the program.
How are you doing, Rush?
I'm fine, sir.
Thank you.
Okay, I wanted to make a statement.
Us as dealers, I own five Exxon stations.
All right.
In the state of New Jersey, we have something called shrinkage.
Wait a second.
Wait a second.
I'm a dealer.
You completely own them, okay.
No, no, I'm a dealer.
We just um I I I I'm I don't own the stations at the franchise.
All right.
We have what you call shrinkage.
Like just say for instance, August, okay, we'll get we'll get uh delivery and he'll say gross gallons and net gallons.
When it's delivered, when it leaves the terminals at eighty-eight degrees.
When it gets to us and goes into the ground, it goes down to fifty seven degrees.
We'll lose about a hundred and fifty gallons.
Number one, we have to pay for it.
And number two, the state of New Jersey charges us tax on it.
We're not allowed to write it off.
Wait a minute.
I'm not sure I understand this.
You mean you say shrinkage, you mean the actual supplier volume of the gasoline shrinks because of the temperature?
Yes.
So if you put if you put 150 gallons in there, how much will you lose?
We'll pay well on a on a load of gas is 8700 gallons.
Well a load of gas is 8700 and you lose 150 of it.
Yes.
But you still pay for that hundred dollars.
But you pay taxes on that hundred and fifty anyway.
We also pay for the 150.
Well, of course you're gonna pay for it.
You bought it.
It's not Exxon's fault that it uh shrinks.
Oh no, no, I'm not saying it's what I'm saying is the state of New Jersey knows we're losing that gasoline.
We pay tax on it, and we're not allowed to write it off as a loss.
Of course not, because you are part of big oil, and you probably live in a big mansion and have a couple of estates at the shore.
Yeah.
Yeah, which I make less money now than I did did ten years ago.
Right.
So and what what governs your price?
Everybody knows there's one person in this company or country that sets the price of gasoline to pump, and I will who is that person and when does he call you?
It's the spot market that g governs our price.
The uh Lundberg, the the Lundberg index of gasoline is what sets our price.
Exxon Exxon probably adds on anywhere from six to seven cents for delivery and overhead.
So if the Lundberg is at say two dollars and three cents, we'll be paying two dollars and ten cents for his name is Lundberg.
No, no, it's index.
It's a Lundberg index on the end.
I know, I know.
I appreciate the call.
Joe, thanks.
This has been I I have never heard of shrinkage before in all this stuff.
True.
And we uh the thing that gets me is we pay tax on it, and they know we can't we we're actually losing the money.
I understand tax on money at all.
You talk about a windfall rate.
This is not even a windfall tax, it's a windfall rate, but there's nothing you can do about it, right?
It's the government.
All right.
Now does this happen in is this is this shrinkage uh uh phenomenon that happened everywhere in the country or is it really yeah, it's temperature, it's temperature related.
The average tank temperature is about fifty-five degrees.
So depending on the temperature outside, in winter time it's almost even.
But as soon as the weather gets above sixty degrees, you have shrinkage.
As soon as the weather gets above sixty.
Yeah.
Uh now what is is are the tanks low enough in the ground the temperature is automatically fifty-five, or do you have to install equipment to keep the temperature in?
No, no, it's it's generally fifty between fifty-five and fifty-seven degrees in the tanks all the time.
Yeah, okay.
All right.
Well, I appre I Joe, I appreciate it.
It's been most informative.
Thanks for taking time and I appreciate you bet.
Appreciate your holding on.
We'll be back here in just a second.
Okay, we are back.
Great to have you.
Rush Limbaugh having more fun than a human being should be allowed to have.
All right, the tax cuts being made permanent.
Here let's talk about the politics of this.
Uh what you have going on right now, along with all the Democrats, you've got a bunch of moderate Republicans that are trying to hold the tax cuts hostage to other spending and and legislative items they want.
Now, what they're saying is this.
Why, we've got the ballooning deficit.
Why we're spending X amount uh in Iraq on the war on terror, why our budget just went up to almost two point eight trillion dollars.
Why we can't keep these tax butts per the same old liberal moderate argument that you have to raise taxes in order to cover additional costs.
So the president has to go out there, and he has to be Ronald Reagan.
He has to go out there armed with statistics.
We know.
We've done them on this program.
We know how much additional revenue the capital gains reduction down to 15% brought in stunned all the so-called experts.
We know that the Treasury continually is surprised because they're having to get out of the way of all the dollars rolling in because of these tax Cuts which have swelled employment.
We've created a whole bunch of new taxpayers.
Works every time it's tried.
And these new taxpayers are paying taxes, and there's more revenue coming in.
Cutting taxes is what has created this economic boom.
Now, some of you might say, how does he go out there and be Reagan when he's just proposed 2.8 trillion dollars in spending?
He's got to do it.
Precisely because he proposed 2.8 trillion dollars in spending.
We have to keep the revenue coming in.
And we know that raising taxes is not the way to do it.
It's been at we every time that's tried.
It is not what causes economic booms.
You simply do not cause economic growth by taking the money out of the private sector and giving it to the government.
It just doesn't work that way.
He's got to get out there and sell it.
You know, all of his buddies in the media and all of his friends every they can't do it.
He's gonna have to do it himself.
And he probably will at some point.
He's gonna he's gonna have to go out and and and uh you know, folks, he's still got a two and a half year presidency, almost a three year presidency to go here.
Don't fall for this notion he's a lame duck.
They're out there trying to make him a lame duck.
He's only gonna be a lame duck if the uh if one of the two uh houses of Congress is lost to the Democrats.
And and then the media would love to portray him as a lame duck now, and everybody's talking, but he's not.
He's got he's he just barely threw half of his uh second term here.
Now, I know that the conventional wisdom, well, once the presidential campaign of oh eight kicks off, nobody's gonna care.
It's uh there's a lame duck that all right, so he's even got less than a year.
He's got he's got to have something happen now.
He's got to keep this agenda alive.
If that if that bit of conventional wisdom is true, he's got to get out there.
Here's um by the way, here's a montage.
We have an audio soundbite here at the Senate Judiciary Committee meeting with oil company tycoons.
Uh this is uh Schumer, Senator Patrick Leakry Leaky Leahy, and uh oh Dick Turbin's in here along with Joe Biden.
There are fewer, more massive players in the markets.
Prices have spiked, and what has gone up has not come down.
Coincidence?
I don't think so.
Stop the tape a second.
That is an out and out lie.
I just shared with you the prices of the beltway.
What's gone up hasn't come down.
Was there something in the news yesterday about gas prices that I missed, other than this hearing?
Was it it's gone?
It's okay, it's gone up seven cents.
What are they what are they blaming it on?
What what's uh uh international unrest, the potential for nuclear holocaust in Iran or some such thing.
Is that why everybody's all bit out of shape?
Because the price has gone up seven cents a high must have missed it.
Uh anyway, here's the rest of this month.
But prices have not what were they after Katrina?
They were over three bucks in a lot of parts of the country.
We're nowhere three forty.
We're nowhere near it.
Calm down out there, you people.
Every time there's been a merger prices have gone up.
Anybody want to respond to that?
Is that just coincidence?
We have no voice in saying to these giants you shouldn't have done that.
Your money ought to be coming back for the good of society that has paid the price for the gouging that's taking place at the gasoline pumps.
One big bathtub of oil, and we're very small players in it.
This is Stalinist.
This is Stalinist and Marxist.
We have no voice.
This is Dick Durbin.
We have no voice in saying to these giants you shouldn't have done that.
You're we don't.
You know where we have no voices with you.
The American people have no voice with their government.
You can rape us, you can take houses away from us under imminent domain.
You can come in and raise prices, taxes all you want.
We can't do anything but go to jail if we refuse to pay it.
But there the oil companies do have accountability.
People screamed and moaned and the prices come down.
What is this?
What are these people talking about?
Don't tell me a United States Senator feels like a prisoner to the oil companies.
We can call these chairmen up there and ridicule them on national television just to puff himself up.
We have no voice in saying to these giants you shouldn't have done that.
Your money ought to be coming back for the good of society that has paid the What do you mean coming back?
What does that mean?
Your money ought to be coming back.
You may hate the oil companies, folks, but imagine if this was your little business where you work for, or maybe if you own a business, a small business, imagine yourself being up there having these guys talk to you this way.
When it's these same people that put all the limitations on these oil execs as to where they can and cannot and how they do their business.
Back in just a moment.
Isn't this fun?
All right.
All right, I get it now.
I've I find I found out what all this hubbub is all about.
Our buddies at the triple A have you all stoked up here because and they they've got something called the online fuel gauge report.
And that word gauge is pretty close to gouge.
There's one change one vowel in there, and it's the online fuel gouge report.
If you don't read it, if you got dyslexia, you can.
No, I figured it out.
I'll tell you, I know exactly what this is about, but I have a question for you after I explain what I learned.
We'll be back.
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