All Episodes
Previous Next
Aug. 8, 2007 - Rush Limbaugh Program
36:33
August 8, 2007, Wednesday, Hour #2
| Copy link to current segment

Time Text
Yes, welcome back, ladies and gentlemen.
It's a thrill and it's a delight to be with you here as we, well, as I serve humanity on the EIB network.
People say, how did you name it, the excellence in broadcasting?
Well, we didn't have a network name when I started.
I said I needed one.
I said, well, I'll just name it after the high level of my performance each day.
And voila, EIB was born.
Great to have you with us, folks.
Telephone number 800-282-2882.
The email address rush at EIBnet.com.
I still, I can't, I cannot get this montage of sorry questions asked at the debate last night, the Democrat forum with the AFL-CIO.
I can't get it out of my mind.
And the reason I can't get it out of my mind is because, and I'm beating a dead horse here, but it's just, it saddens me that there are people like this in the country.
I know they're there, but it's so unnecessary.
And I realized as some of you, when I went, I went through those questions and answered them myself as though they were asking me those questions.
And the poor guy from the steel company, I've been thinking about this during the whole break.
The guy, let me, I'm not going to replay it, but just read you what he said.
After 34 years with LTV Steel, I was forced to retire because of disability.
Two years later, LTV filed bankruptcy.
I lost a third of my pension.
My family lost their health care.
What's wrong with America and what will you do to change it?
Okay, well, let's take the timeline here.
The guy's with LTV Steel for 34 years, obviously a union member here.
He had to retire because of a disability.
Two years later, the steel company files bankruptcy.
Now, I know union contracts are what they are.
And I know that these companies agree to them.
But the fault here is on both sides, the companies for making the deals and the unions for demanding this county.
I don't know about you, folks, but throughout my entire life, my entire life, I never, ever, it has never even crossed my mind once that somebody I once worked for would continue to pay me after I quit.
It just, I don't know if it's the way I was raised or if I naturally looked at the world this way, and I have lived and planned my life accordingly, and I have strived for certain things accordingly.
You know, this is to expect somebody to pay, but Rush, it was in the union company.
Well, I know, but make additional plans too for crying out loud.
We keep hearing all these stories.
Look at what's happened to the unions.
These were once the tough guys of America.
These are people that told the Democrats what to do.
Now they've been reduced to sniveling and whining, and they're begging on hands and knees to the Democrats to do something for them.
I've always said the early years of this program, I remember a big controversy I got caught up in.
It's talking about the bricklayers union.
They had a new contract.
New contract called for laying fewer bricks per workday with a big raise, more breaks, and so forth.
And the bricklayers in Chicago, that's crazy.
It was true.
And it was true.
And I get calls from union people upset with me because that's all they had.
I'll never forget.
We had a soundbite from a 29-year-old auto worker in Detroit who said if a union laid him off, if a company, if the car company laid him off, his life was over.
I hear these kind of things in utter disbelief.
And I know people are raised.
They have certain expectations.
And people's horizons are obviously different.
Some people have vast horizons.
Others are very narrow.
But even those with narrow horizons can be inspired and taught and motivated to broaden their horizons.
29-year-old guy, because he loses an assembly line job's life is over.
What must his household have been like?
The union guys would call me and they say, why are you so down on the union?
I said, I'm not.
I just understand what you're doing.
Back when we first started talking about this, union people, union employees were always the class envy.
They were upset when they looked around their communities and their cities and they saw people with better lives than they had.
And they went to the Democrats to fix that, the old class envy business.
And I said, well, why do you be honest with you?
What are you complaining about?
You knew what was going to happen when you joined the union.
You knew when you joined a union that you were foregoing any opportunity to stand out and earn additional money based on your performance, based on your merit, because you're letting somebody else negotiate your deal for a whole group.
Well, I didn't have any choice.
I know.
Well, you did have a choice, and you chose to join the union.
So do you understand?
It's like people who become teachers.
This is tough, too.
They join, want to become teachers.
Thank God they do.
Then they teachers' union or whatever.
But everybody becoming a teacher knows what it pays.
And so five, 10 years down the road to start complaining and whining about it is not going to change anything.
And some people in this country, I got to tell you, are tapped out.
Everybody in this country has lost a job.
Everybody in this country has gone through a period where they've been worried about the catastrophic illness or an accident and whether they got the health care to pay for it.
Everybody has gone through it.
Everybody's gone through some sort of, well, maybe Paris Hilton hasn't.
She's had her own version of her accepted Kennedy family, wealthy Democrats.
But I mean, for the most part, the average people, real people we're talking about, everybody goes through this.
And every four years or every two years during a presidential or congressional campaign, we get this endless parade of victims who are demanding the rest of the country take care of them.
And of course, right there to a system is the Democrat Party.
But guess what?
They don't get taken care of.
They don't have any of the security.
They don't have any of the happiness that the Democrats are promising them.
All they end up getting is continued assaults from Democrats about how the Republicans want to ruin their lives, how conservatives don't care about them.
You know, conservatism is really the essence of compassion.
It seeks the best for everybody.
It has trust.
It has confidence.
It has faith in average people to overcome obstacles.
Liberalism doesn't, doesn't want people to learn how to do that.
Democrats don't want people to learn how to do that.
But if you travel around and you look at the differences in lifestyles in your community, all but a few rare examples, it's not an accident that some people do very well and others are not.
There are reasons for it.
And they can be tapped into by each and every one of us.
It just depends on how much ambition people have.
But when you've got a major political party that for 50 years has been encouraging people to depend on it, the party, for all of these things, and when you somehow condition people to think that they're going to continue to get paid when they're no longer productive for a company for crying out loud.
I understand, as I said earlier, all these corporations make these union deals and do all that.
But at some point, the golden goose is going to be tapped out.
At some point, the money isn't going to be there for it.
And people ought to have, who in the world gets paid for doing nothing?
Where is the thought process that says that that is even possible economically?
In perpetuity, forever.
And so, and so I know it's called a new deal.
It's called Social Security.
It's called this whole mindset.
So what happens is that the companies make these deals and the pension plans and all the health care for all these retirees who are no longer being productive at some point.
I don't care.
You know, when these companies that make these deals are in competition with other companies that don't have these obligations, guess what's going to happen?
And so then we get the question, well, what's wrong with America?
The answer to what's wrong with America is liberalism.
Just got a note from a subscriber, RushLimblaud.com, who Googled LTV Steel.
I'll check this out ourselves.
But he says that LTV Steel went bankrupt in 2000.
Which, by the way, happened to be on the Clinton Gore watch.
Why, how could anything bad economically happen during the Clinton Gore period?
And here we are seven years later.
Well, two years later, the guy lost the benefits.
So here we are five years later, and the problem still exists, and yet he's got no health care, but he still was able to show up there in good health to ask this question.
This is Renee in Woodstock, New York.
Renee, welcome to the EIB Network.
Hello.
Hi.
No, I'm not in Woodstock.
I'm from Woodstock, and I was born in 1964, grew up a Democrat and a liberal, and now I'm embarrassed by it.
I just think the answer to those questions should be elect a Republican, not a Democrat.
And that would answer the question.
Not to these people.
That would have sent them off into orbit.
But I appreciate it.
You used to be a Liberal Democrat, you said.
Oh, I grew up in Woodstock.
I just used to go into the voting and just hit the wall with Democrats and say that's the way to go.
And these union people don't understand that they're voting for people to take their jobs away, increase their taxes, which takes away the increase that they voted for on their union.
So they're losing money by voting for Democrats, and it drives me nuts.
Well, what was it that turned you around?
Finally, you.
I used to hate you.
I went to SUNY purchase, and one day I'm driving along saying, you know, Rush has gotten a lot better.
And then I went, wait a minute.
No, I've gotten a lot smaller.
So were you a union person?
My father was a big-time union.
And I live down the street from one of the schools.
And I don't want to say it, unfortunately, because, you know, you might get egged.
But these union people are voting for the Democrats.
And I say to them, why are you voting for somebody who wants to increase your taxes?
What did you get on your last increase?
5%?
Guess what?
You know, here's, you know, that's an excellent question.
And I'm going to answer that question.
They don't know that's what's going to happen.
They think the Democrats are going to raise taxes on these evil rich people who are responsible for the poor plight the union people find themselves in.
The Democrats have been lying to these people for 50 years.
They've been blaming the Republicans or whoever else for all of these economic problems.
And so for 50 years, Democrats, unions go in there and they vote for the Democrats, thinking the Democrats are going to get even with those rich people.
And I think a lot of it is really rooted in class envy.
And the, of course, it never happens.
It never ever happens, as evidenced by the fact that they continually are asked.
The Democrats are the same questions by the same voters who, after all of these years, we're lucky that you found me because the light went on.
But it hasn't happened for a lot of them.
They just, they have no clue the potential that they're missing out on that is there.
But when you've been raised or when you have been barraged year after year after year with the message that the other political party and its voters are rich and mean and racist and sexist and bigot and homophobe, you grow up with a lot of hate.
And all you want is for those people to get theirs.
You want to get so even if the Democrats come along and raise taxes on the rich, which they will, and they'll raise taxes on everybody, by the way, get ready for a new gasoline tax increase because of this bridge collapse.
I have that story coming up here.
And even the Reverend Jackson is calling for it now, but he's doing even worse than that.
When they come along and raise everybody's taxes, these people do not stop to think or ask themselves, okay, you know, Fred B. Rich guy, who lives down the street, just got his taxes raised and the people who are angry at Fred B. Rich guy are sitting there going, well, all right yeah good, Fred B rich guy finally finding out what it's like.
Okay, maybe Fred B rich guy is, although I doubt it.
But tell me this, how is your life improved with Fred B rich guy getting skinned?
It isn't, and it probably doesn't provide you any long-lasting, sustainable happiness either.
Gives you a momentary all right.
Right, Fred B rich guy just got screwed on me.
How long does that last?
And, by the way, if Fred B rich guy gets screwed, how come you hate him every year?
If Fred B rich guy is getting screwed all these times and Democrats are really getting even with Fred B. Rich guy, how come you still mad at Fred B rich guy after 30 years?
How can there possibly be any Fred B rich guys after the Democrats have gotten even with all of them?
These are the questions these people don't stop to ask themselves anyway.
Renee, appreciate the phone call back to some audio soundbites from the debate last night.
Here's the question, Senator Obama, if you were president of the U.S. Today, would you honor Barry Bonds at the White House?
Barry Bonds has been a remarkable baseball player and I honor his achievement, but I hope that all of us are focused on making sure that sports is something that kids can look up to, not something that they start feeling cynical about.
We've got enough cynicism in politics without having cynicism in our sports teams as well.
Is that a no sir, or yes?
He hasn't done it yet, so we'll answer the question when it comes.
Come on, can't even answer, by the way, Bonds hit the uh, hit the uh, the home run last night and uh, Hank Aaron uh, just took everybody off the hook on this.
Everybody was just.
You know, in fact, I got a question today from somebody.
You talked about Barry Bonds, yet I said no, I haven't.
And I have to admit I I I, I have uh i've, i've been affected by this never-ending barrage of coverage on the allegation of steroids and uh, all the things that have come out about it it, it has, it has um, tainted my appreciation for the achievement uh, but that notwithstanding uh, Henry Aaron last night, all of all the media people,
this is gonna be such a horrible day when, oh god, he hits a home run.
It's gonna be tainted, it's gonna be horrible, it's gonna be a bad day in sports.
The commissioner won't even be.
Oh, it's horrible.
And then he hits the home run And amidst all of the hoopla, last night in San Francisco, after the fireworks and all of the celebration, there appeared a video on the giant screen, and it was Henry Aaron, whose record had just been broken, congratulating Bonds, commenting on the uniqueness of the achievement, the romanticism in American culture with the home run in baseball.
There are home runs in other aspects of life, too, but we're talking about baseball.
And it took everybody off the hook because if Henry Aaron, whose record has been broken, he didn't show up in person, but he sends a video out congratulating Bonds for this and makes no reference in any way, shape, manner, or form to the controversy, then everybody's allowed to celebrate it now.
Everybody is allowed to go ahead and invest in it whatever they want because Henry Aaron has paved the way.
A very, very, very class act for him to do that.
He didn't want to go and be there in person.
They brought Willie Mays out on a golf cart.
He's Barry Bonds, grandfather, Willie Mays' godfather, godfather.
And he, so it ended up being a lot less painful than people thought.
Meanwhile, here's Obama, who doesn't, he wants to be president.
He has no problem inviting Chavez, Castro, you name it, the thug of the day to the White House for a meeting.
And he begs off a question of whether or not he let Barry Bonds.
If there are any of you out there asking yourselves if Barack Obama is down for the struggle, I would say you've got your answer.
He doesn't appear to be down for the struggle.
Let me see.
We'll squeeze one of Sid in Huntsville, Alabama.
Welcome to the program, sir.
I have about a minute here.
Can you squeeze it in in that time?
I'll try, Rush, real quick, if I could.
This is in response to that fool that called about LTV, claimed he worked for LTV still 34 years.
That's impossible.
He worked for him for about maybe a year.
I was with LTV back in 84, 86, an aircraft tool designer working on the B-2 bomber.
And that's about the time they bought one of those steel mills.
And it seems like it was Republican Steel.
You'll have to check on that.
I don't remember which one it was.
But anyway, they bought that mill, and with it, they assumed the pension plan, which was dragging the mills down.
And I went back to LTV in 89.
I think it was 89 or 90.
And that was when they declared bankruptcy.
It wasn't in 2000.
It was back in 89 or 90.
Wait a minute.
When we just Googled it, and are you saying LTD or LTV?
LTV.
Well, we've got December 2001, U.S. bankruptcy court authorized an asset protection plan, and they filed Chapter 11, December 29, 2000, according to our Google.
No, sir.
No, sir.
Okay.
Hey, we got a commercial break coming up here.
I knew this was going to happen, but you hang on to the brick and we will continue this.
Having more fun than a human being should be allowed to have.
We're back to Sid in Huntsville, Alabama.
Sid, we spent the break here doing some research.
There are a bunch of different LTV units they did for the Steel Services or Steel Products Unit did file for Chapter 11, December 29, 2000.
In 1986, the Aerospace and Energy Unit filed for bankruptcy.
You say they filed bankruptcy in 89.
That's correct, Rush.
And the reason they did it is because they had bought those steel mills in that pension just a year or two earlier, and that pension plan from those steel mills had drugged them down.
They just didn't honor it and make it, and they went bankrupt.
And as a result of that, The bankruptcy then was settled in the early 90s under when Clinton was in office.
During that period of time, it's when that bankruptcy was settled, Northrop came in and took, there were two divisions of LTV located in Grand Prairie, Texas.
They had the Aircraft Division and they had the Missiles Division.
Right.
Aerospace.
Okay, well, let me cut to the chase here.
You started up by saying that this guy that asked a question at a Democrat debate last night could not have worked for him for 34 years.
You said he could only work for him for one year.
One or two years because he...
But he retired in 2002, he said.
All right, then I'm wrong on that.
When I first heard him saying it, I was thinking of the time I was there, and he was talking about him filing bankruptcy two years later after they bought or something.
All that occurred back in the mid-80s, and by 1990, they had gone bankrupt.
So I thought that was a timeframe he was speaking of.
No, no.
He said he'd been there 34 years.
He retired in 2002.
Well, LTV didn't own the steel mills for 34 years, though, Rush.
That's what I'm trying to say.
Well, he didn't, it doesn't really say work for the steel unit.
He just said he worked for LTV.
He didn't say how.
Well, he did say I work for LTV Steel.
LTV.
So he did work for.
All right.
All right.
Well, plot thickens here.
Because if these questions were penned for these people, you know, saying you worked for someplace 34 years and they threw you overboard.
Why, that's typical of the evil corporate management of America today and so forth.
So anyway, well, this is cool.
Getting to the bottom of a lot of things.
Let's continue here with the audio soundbites.
We'll get more of your phone calls here in just a second.
Way back in May, ladies and gentlemen, on this very program, May the 2nd, I presented to you the Democrat strategy when it comes to Iraq.
They would love for Bush to surrender.
You can't forget they would love to lose.
Don't misunderstand.
I'm not saying that they have given up on their idea of owning defeat.
They just don't want to own it themselves.
They want to transfer it.
They want Bush to surrender so that they don't have to surrender.
And they won't surrender when the time comes.
Absolutely right.
This is a precursor to my saying the dirty little secret is that if they do win the White House, they're not pulling us out of Iraq.
They would love.
I mean, they're on a mission to weaken the presidency.
They're on a mission to weaken any future.
By the way, even a Democrat president, they're on a mission to weaken the ability of the office of the president to conduct his constitutional duties.
That's what this FISA stuff is all about.
That's what the surrendering in Iraq is all about, trying to own defeat.
But the point is, the reason they're not passing these resolutions is because they really don't want to be responsible and held responsible in the eyes of the American people for the American military losing.
That was my point back in May, and I've made it several times since.
Let's go to the debate last night.
I see I told you so here for Mrs. Clinton.
A question.
Senator, why did it take you so long to hear how you were going to vote on the subject of that war supplemental on May 24th?
This is George Bush's war.
He rushed us to war.
He has mismanaged the war.
Finally, I just concluded that the only way to get a message to the Republicans and to George Bush was to vote against the supplemental funding.
We've got to force George Bush to begin to end the war that he took America into and save our young men and women and bring them home.
So, once again, ladies and gentlemen, El Rushbow hits it out of the park.
This is George Bush's war.
We got to force him to begin to end the war that he took America into.
Make it look like he lost the war.
Next question, Senator Biden, what do you do if we leave Iraq and Al-Qaeda takes over?
It's time we tell the truth.
The truth is, if Iraq, if al-Qaeda establishes a base in Iraq, all these people who talk about going to Pakistan are going to have to send your kids back to Iraq.
It's a little swipe there at Barack Obama.
Still hasn't figured out if he would invite Barry Bonds to the White House.
You know, Biden has the potential.
He doesn't show it much, but he has the potential to be the only adult on that stage.
And what he was saying, let me translate this for you.
What he was saying was, look, if we pull out of there and Al-Qaeda establishes a base, we're just going to have to go back and take care of it at some point.
But even Biden is among the crowd saying we've got to get out of there now.
You know, they're pandering to their base right now.
They continue to do that.
Next question of Senator Dodd.
Last week, you had said that Senator Obama, quoting you, his assertions about foreign and military affairs have been frankly confusing and confused.
You added he should not be making unwise categorical statements about military options.
What, in your opinion, has he been confusing?
Words mean things.
We've got to be very careful about language that's used in terms of the danger and harm it can do to our nation.
Understand that while General Musharraf is no Thomas Jefferson, he may be the only thing that stands between us and having an Islamic fundamentalist state in that country.
I think it's highly irresponsible for people who are running for the presidency and seek that office to suggest we may be willing unilaterally to invade a nation here that we're trying to get to be more cooperative with us in Afghanistan and elsewhere.
Here's Obama's reply.
I find it amusing that those who helped to authorize and engineer the biggest foreign policy disaster in our generation are now criticizing me for making sure that we are on the right battlefield and not the wrong battlefield in the war against terrorism.
You obviously didn't read my speech.
What I said was that we have to refocus, get out of Iraq, make certain that we are helping Pakistan deal with the problem of al-Qaeda in the hills between Afghanistan and Pakistan.
If we have actionable intelligence on al-Qaeda operatives, including bin Laden, and President Musharraf cannot act, then we should.
Now, this may be scary, but in terms of playing to the audience watching this debate last night, this is good stuff.
That line about making sure we're on the right battlefield, nothing.
I mean, these libs think that there's no reason to be in Iraq, even though Biden just said, hey, hey, hey, pull out of there and let al-Qaeda establish.
They know what's going on.
Here's the dirty little secret again.
Obama knows what's going on.
Every one of these candidates knows what's going on in Iraq.
They know the surge is working.
In fact, we've even got Senator Durbin admitting the surge is working.
What sound is that number one?
Let me stick these time.
It is.
This is this morning on CNN.
John Roberts talking to Senator Turbin, who is in Iraq.
He says, Brooking Institute scholars over there recently wrote an editorial, New York Times, said, yes, there's progress.
The progress is significant.
Enough U.S. troops should stay on the ground at least till the beginning of 08.
Do you see any that progress that they were talking about, Senator Turbin?
There's another side to this story that the Brookings Institution shouldn't miss.
As we are seeing military progress, the political scene is very discouraging.
We have seen this al-Maliki government, which was once branded a government of national unity, coming apart.
But hold on, let me back you up there.
You said you did see military progress?
Well, what we find is that the surge has troops going into areas where for four and a half years we have not seen our military in action.
And naturally, they are routing out the al-Qaeda in those areas.
That's a good thing.
But there is no evidence of the government of Iraq in these areas.
There are no Iraqi policemen, no Iraqi soldiers.
I understand all of that, but Senator Durbin, everybody in the Democratic Party is saying that the surge has failed.
Yes, they are.
And he says, no, it's working as well.
Well, it's a political process falling apart.
Yeah, you know all that.
We've been through it.
They know it's working.
They know what the enemy casualties are.
We know we have a policy of not announcing enemy casualties ever since the Vietnam War.
They know what they are.
They know what we're losing versus what the Al-Qaeda and the insurgents, the terrorists are losing.
And it's dramatic, folks.
And I tell you, they all know how well it's going.
Everybody on that panel last night knows how well it's going.
All of this that Obama's talking about getting out of there and going into Pakistan, that's his code lingo for Bush hasn't gotten bin Laden, and that means the war is a failure.
Because that's what this fringe bunch of kooks that make up the Democrat Party base wants to hear.
Now, this is Mrs. Clinton.
She's coming in here after Obama and Dodd in this discussion of whether we should go into Pakistan.
And she tries to act presidential here.
I do not believe people running for president should engage in hypotheticals.
And it may well be that the strategy we have to pursue on the basis of actionable intelligence, but remember, we've had some real difficult experiences with actionable intelligence, might lead to a certain action.
Pakistan has nuclear weapons.
The last thing we want is to have al-Qaeda-like followers in charge of Pakistan and having access to nuclear weapons.
So you can think big, but remember, you shouldn't always say everything you think if you're running for president because it has consequences across the world.
And we don't need that right now.
Oh, they booter.
They boot.
You shouldn't say everything you think if you're running for president.
Now, at some point down the line, I hope that the Republican nominee and his team bring this line back to life with some real world applications.
So Obama gets a last word on this, and this is what he said.
I did not say that we would immediately go in unilaterally.
What I said was that we have to work with Musharraf because the biggest threat to American security right now are in the northwest provinces of Pakistan and that we should continue to give him military aid contingent on him doing something about that.
But the fact of the matter is that when we don't talk to the American people, we're debating the most important foreign policy issues that we face.
And the American people have a right to know it is not just Washington insiders that are part of the debate that has to take place with respect to how we're going to shift our foreign policy.
Oh, she's going to pay for this.
She's going to pay for this that you don't say everything you think when you are running for president.
You know, we noticed something.
Chris Dodd in his admonition to Barack Obama over unilateral invasion of Pakistan said, words mean things.
You have to be very careful here.
Words mean things.
Yes, they do.
A popularized phrase that has been etched in stone in the second of my 35 Undeniable Truths of Life.
There's the first 35, and there's a second.
And the second, 35 truths of life, undeniable truths of life, number 34, is words mean things.
Amazing how these people steal my lines when it suits them.
But it wasn't just Chris Dodd.
It was Hillary Clinton's spokesman.
And it was Barack Obama's spokesman who also used the phrase during the debate and in the spin room afterwards.
Words mean things.
Words matter.
Words have implications.
Words do matter.
Words mean things.
We've got to be very careful.
They steal from El Hosto.
All right.
I'm going to save this for the monologue of this whole business on the bridge, but you just will not believe this.
Here's a story in the Chicago Tribune.
It's posted last night, paper today, I guess, by E.A. Torre.
I was alerted to this story by our buddies at newsbusters.com.
Ken Shepard did the piece.
Somali community hard hit by Minneapolis bridge disaster.
The point of the story is to say that George Bush is causing America to insult and injure immigrants,
Somali immigrants specifically, and that he is making this a third world country, which has them traumatized because they left a third world country to come here, and now Bush has turned it into a third world country as popularized by the bridge collapse because Somali immigrants come here and they're just saddened that America is unable or unwilling to build and maintain safe infrastructure.
That's what they left.
They've come here.
They have found no difference or little difference in what they found here than what they left in Somalia.
And they're terribly it's Bush's fault.
And I, you know, this is not satire.
This guy is dead serious.
I'll give you details.
I'll read you select excerpts in the monologue segment of Next Hour.
George in Leesburg, Florida.
Glad you waited, sir.
Welcome to the program.
George.
Yes, George, welcome.
I was born a conservative.
I'll die a conservative.
But I've been attending the Limbaugh Institute of Advanced Learning since 1988.
Well, good.
This is the first time I've called, and I've done so to take issue with your premise regarding pensions.
I'm retired and living in a pension, but I consider that to be deferred income on my 32 years working in the auto industry.
You look at the pension as deferred income.
Yes, sir.
Do you realize that the pension partly is your money, that you had money donated from your own, taken out of your paycheck to fund it, partially?
Exactly.
That's why I call it deferred income and not a handout.
Well, I'm not saying it's a handout.
I'm not saying it's a handout, but the health care aspect, which is what this guy was complaining about, is what I was talking about.
He expects his health care to be paid by a company that goes bankrupt even after he's not working there and then asks the question of the Democrat candidates, what's wrong with America?
Oh, yeah, I understand that.
You know, the health care part of retirement is being reduced by all of the companies, and it's something we have to live with as retirees.
Well, all I was saying, all I was saying was, now, don't take this personally.
I'm just sharing a mindset and an attitude here.
I've never, I had to join a union.
In fact, I am a member of a union.
We have to be members of a union in this business.
We just have to.
And I pay my dues and so forth, but I am not expecting a thing from.
I don't even know what the pension plan is.
I don't care what it is because I'm not going to depend on it.
My whole life, I grew up never once expecting that I would get money from people for whom I no longer worked.
Health care, my attitudes of whatever I want and whatever I need, and that's provided for myself.
It's the only way I know that I'm going to get the best I can.
It's just a mindset.
Now, I, again, I don't mean this personally, but there's a I was talking about this guy with his expecting health care.
That was the nature of his question.
And it just boggles my so unnecessary for these attitudes to exist, but they got a political party funding it and promoting it.
But here's the thing on the pensions.
This is not about you.
Here's the thing in the pensions that amazes me.
You, every teacher in California, every teacher, their pension funds for practically every public employee out there?
And where are they invested?
They are invested in Wall Street.
And who's the biggest enemy of the Democrat Party?
Wall Street.
Your deferred income depends on Wall Street doing well.
American corporations doing well.
Your investment's turning out right.
And yet they are a target of the Democrat Party as well.
Want to raise all those guys' taxes now, too.
All right, the idea.
Company goes under.
The rest of us have to meet all the deals that that company made.
That's not where does this stuff end, folks?
Where does it end?
It ends with all of us being broke, which is what the Democrats want.
They want all of us to need that.
Ain't going to happen here.
▲
Export Selection