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July 14, 2008 - Rush Limbaugh Program
37:23
July 14, 2008, Monday, Hour #1
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Welcome to today's edition of The Rush 24-7 Podcast.
And greetings to you once again, thrill seekers, music lovers, and conversationalists, all across the bountiful fruited plane.
Time for another summer spectacular sizzling here at the Excellence in Broadcasting Network with me, your guiding light, Stalwart and Bulwark.
The all-knowing, all-caring, all-sensing, all feeling, all concerned, Maha Rushi.
At the Limbaugh Institute for Advanced Conservative Studies.
Here's the phone number, folks.
If you want to be on the program, 800-282-2882, and the email address is L Rushbow at EIBNet.com.
Man, oh man, oh man.
Got enough here for five or six hours, folks, without even taking a phone call, but don't sweat it.
Uh we are going to be taking phone calls.
Clinton diehards want a floor vote at the convention.
I tell you, this is just this is shaping up to be pretty nice.
Obama's got a piece in the New York Times today on his Iraq position, which is laughable.
It is a it's a total joke.
The New Yorker magazine has a cover out.
And of course, Obama and his side going nuts.
Now the New Yorkers, a bunch of a bunch of socialists, a bunch of libs.
I have the cover of the uh of the New Yorker right here, and it's a it's a satire making fun of the way the right wing, uh, some of the right wing supposedly thinks about Obama.
And it's got Obama dressed up like uh, you know, like Mohammed with a big white turban and sandals and so forth, and his wife, Michelle My Bell is a big Afro-haired terrorist with an AK-47 or something slung over her shoulder, and they're doing the fist bump in the Oval Office.
And there the flag is burning in the fireplace and so forth.
And a photo of bin Laden, yes, that's right, a photo of Osama bin Laden is over the fireplace while the flag's burning.
So the Obama campaign's going nuts about this, the Democrat Party's going nuts about this.
Man, these people cannot take it.
They just cannot take it.
I mean, the New Yorker, I mean, here we have a bunch of liberals, and uh, they're having to uh, I guess, explain the fact that people don't understand this is satire.
See, liberals have no sense of humor.
But here's the thing about humor.
You know, the thing I've always said to keep in mind who's doing this, folks.
The New Yorker.
These are these are these are rock solid liberals here.
Now, all good comedy has to have an element of truth in it, or it isn't funny.
And the Obama people are saying that this isn't funny.
But this is, you know, this is not some of the ways George Bush has been caricatured uh over the uh term of his eight years, or Condoleezza Rice or whatever.
I mean, these these people, they need to grow up out there.
Also, um, the federal government is just out of control here with these bailouts, Freddie Mac, Fannie Mae, uh, all of these things, Anheuser Bush uh finally sold to NBEV at $70 a share.
This is after August Bush I fourth, saying that they would never sell back in the uh back in the spring.
The Bush family only owned four percent of Anheuser Bush, and the uh the board, they had a fiduciary duty here to do the best thing they could for their for their stockholders.
We've got Wacko Global Warming News, and last week uh we were talking about uh oil and gasoline, jet fuel and so forth, and how much is needed and the the business of uh of uh the aviation business and how people are investing in it, uh, which sort of gives a lie to the notion there's a shortage.
I got a note from uh Colonel Mark Hassara, who flew a tanker.
He flew KC-10s and KC-135s, it's a DC-10 and the Boeing 707 in the uh in the initial invasion, the Iraq War and throughout much of his uh military service.
He gave me the loaddown on how much fuel the Air Force and related services used in tankers, refueling combat missions.
It's it's it it will blow your mind.
When we get to that.
Also, um Chuck Schumer being blamed by the feds for a bank going, Chuck you, Charles Chuck Yu Schumer.
If this guy could, he would take control of virtually everything and run it, uh run it from the government.
And it's it's you know, a lot of these things that are going wrong here precisely because the government's trying to run it, which has gotten too big, it's too wieldly, it's too out of hand, it is too efficient, And I will explain all of this as the program unfolds before your very eyes and ears.
Ed Markey, talking to a bunch of kids, congressman from uh from Massachusetts, talking to a bunch of kids at the U.S. Capitol high school students last Thursday said that climate change caused Hurricane Katrina, the conflict in Darfur, and that climate change led to the Black Hawk Down incident in Somalia.
Because yes, global warming caused the famine in Somalia, which necessitated us going over there to feed people who were starving, which led to Black Hawk Down.
He's telling this to a bunch of gullible young skulls full of much, has screwed students.
I mean, really, snurdly, it's it's it's it's all over the the ballpark here today.
I mean, I barely scratched the surface of uh of what's out there.
Before we get started with all this, uh Tony Snow passed away on um what was it, Friday Saturday morning, Friday night, Saturday morning.
And I uh got some phone calls, uh, emails actually over the weekend from Fox that had four Fox shows, two Saturday and two Sunday, as they uh did their their very tastefully done tribute over the weekend to uh to Tony Snow.
And I it it it it's just uh just a shame, folks, but uh there's so much to learn from this man.
I mean, there's uh you know, Phil Graham says we're a nation of whiners.
And I think about a certain group of people he's right.
Tony Snow was not a whiner, regardless his medical condition, he was the epitome of optimism.
First met Tony Snow in 1989, the second year of this program.
And it was based out of New York at that time, and Bob Beckle was hosting in Washington on the local Fox affiliate there, and uh a show called Off the Record.
It was it was an attempt.
Everybody was attempting to replicate, duplicate the McLachlan group back then, and this was uh Channel 5 and Washington's Fox show effort to do that.
And the guest list for the show that I attended was Tony, was the first time I'd met him, Beckle, Jane Mayer, who uh uh is not half the New Yorker, uh, I I think, or or new somewhere around there.
Um, let's see, P.J. R. Rourke and me.
It was quite a stellar, and I but I'd never met Tony, and I see this guy walk in.
I knew I knew his name.
I mean, he had written for the uh he's writing for the Washington Times at the time, and I see this guy walk in.
I said the the the most perfect head of hair I have ever seen in anybody except maybe for Glenn Campbell.
Back in his heyday, Glenn Campbell's hair right now, not all that good.
But back when he had his TV show, it was enviable.
And Tony was just um I mean, he was so into this.
He was j he was earnest and he was serious about it, and he was energetic.
And I got to know him uh as somebody who was passionate, which is the key to having a guest host here on this network.
You have to have passion.
Passion is what's magnetic.
Passion is what makes people want to listen, what compels them to stay tuned.
And he had all of that.
Uh he had he was he was omnivorously informed.
Uh and he was able, able to express it.
And he guest hosted here for a while and and uh dibble dabbled in uh uh in other elements of media, and then my buddy Roger Ailes stole him.
Ailes came along and offered him the host slot on Fox News Sunday.
Brit Hume had a great line yesterday that Tony Snow was Fox News before there was a Fox News.
He was the face of Fox News before there was a Fox because that's true because the Fox News Sunday program debuted long before the Fox News channel did.
And uh he just Tony just he just took off.
He was um I'll I'll never forget one of the one of the there were many moments at his White House briefings, but one of the things I really, really loved in this he was so humble.
Uh he was he never, never became bigger than the institution where he worked, no matter what it was.
He never became he had a he had a just a 100% self-confident love of self.
He knew who he was.
He loved who he was, he didn't want to be anybody else, and he was very comfortable in his own skin.
Whatever job he took on, whatever responsibility he had, and I'll remember this uh this press conference.
It was a particularly contentious moment, and uh and and Tony said to the assembled reporters, can we all just step back for a minute?
I'm paraphrasing this.
Can we also step back for a minute and and take a moment to realize how fortunate we are?
Look at where we get to come to work.
We get to come to work in the White House.
Now, I will I'm guessing that many of the assembled reporters don't look at the White House at anything super special.
It's their job.
It's like a the donut maker having to go to the bakery every morning.
Um but to him it was a dream to have a you know, he was uh I I think he had some policy input on various things, but uh look look at the transformation as Vice President Cheney said yesterday, Tony had reached the pinnacle in media, as he had desired to, and he'd crossed over and done so uh uh uh in government.
He'd done so as a member of the uh of the administration.
But that that comment about aren't we all lucky to look where we got to come to work every day.
Uh that that's that's something that uh a lot of people feel about their job for a couple weeks.
Then the job becomes a job, and sometimes you don't want to go there, he was constantly in awe of it.
He was awe of his in awe of his uh opportunity and and his uh his responsibility.
But yesterday, Chris Wallace on Fox News Sunday asked me how big a uh a player was uh Tony Snow was in the conservative movement, and I said, Well, kind of hard to quantify because he was huge, and there's there's many examples of it, but this is the best one I can think of.
And we played the audio from this.
Again, it was under White House press briefing, and we played the audio here on this program.
What Tony Snow did was groundbreaking in terms of press secretaries, in that often he would challenge the premise or the premises of many of the questions that were forthcoming from the drive-by's in the White House briefing room.
That really had not happened, especially the milk toast guy that preceded him was just lost in there, was of no help whatsoever.
Tony came along and and the AP, the AP had one of the one of the snarkiest references over the weekend.
Uh Jennifer Loven contributed to it.
I forget the guy's name, the guy who wrote it.
I mentioned it all weekend on Fox.
They made some reference.
Now, this is an obituary.
And they make reference to Tony's uh television anchor man good looks, his relentless good cheer, as though there's something wrong with that.
And then they said, if not always uh uh accurate or if it if all we have if all we not always certain of the facts or some such thing.
They they they they insulted.
He never he got things wrong a lot, but it didn't matter because he looked good.
And it was just no excuse for this.
It was it was uh it was uh classless bottom of the barrel remark uh that was not even accurate.
Um even had it been accurate, there's a time and place to do that, but not uh on the day that Tony Snow passed away.
Nobody disliked him in there.
They all got along.
They resented him because he challenged the premise of many of their questions, and that caused those of us who saw this to stand up and cheer because the White House, yeah, Douglas K. Daniel is the AP writer.
This White House had not been defending itself.
They just refused, and Tony Snow was doing it.
And he was giving people a reason to stand up and cheer.
And the bond, and he was one of these guys in broadcasting that had it, the bond that he had uh with the audience on this program with you and uh over at Fox carried with him to the uh press secretary job, and he knew that he had that bond, and he it gave him additional confidence, but he also believed in what he was doing, and he was very loyal.
But the great thing about Tony Snow was his faith.
Tony Snow believed in himself.
He believed in his family.
He believed in God, and he believed in America.
And he looked at death as a promotion.
He said that when he was told the first time that he had colon cancer, he said, you know, it squares you up pretty fast.
You face the future in an entirely different perspective.
And he never whined about it.
He never complained, and no matter where you saw him, smiling, infectiously smiling.
The last time I saw him was uh last August in the in the White House, uh had uh you were there, Snerdley was there, Rovin and Rove was desperate to meet Snerdley.
Uh We had uh we'd gone up, I had meeting with the president the next day and uh or the night before, and uh Carl Rove invited us for breakfast in the White House mess, and Josh Bolton there and Pete Wayner, a bunch of bunch of the staff, and Tony Tony was in.
And he looked good.
He looked and he sounded good, and he was uh he was smiling, and he was he was just he was uh he was just having a a great time, and it was an inspiration to uh everybody that that knew him and had a chance to uh to interact with him.
And he really, you know, family was uh big.
He had Dashel on once uh on Fox News Sunday, and some time in the interview, Dashell had mentioned that he was either going to become another grandfather or grandfather again, or that he had just become one.
And Tony just stopped everything in the middle of the interview, saidn't that what it's really all about?
Then you get down to Brastex, Senator, isn't that what it's really all about?
And it was to uh to Tony Snow.
Douglas K. Daniel, the Associated Press wrote of Tony Snow, great guy, great television anchor man looks, blah blah, if not always a command of the facts.
That's a reference to one of the things that was going around in the White House press court.
Tony didn't spend a lot of time reading briefing books.
Uh, because he felt it felt as information overload, which is it can happen.
Uh, but just the the the occasion of his death.
Universally loved and respected guy to take that kind of a shot is just is uh typical D AP, but still it was infuriating.
A brief time out here, ladies and gentlemen.
We'll be back and continue right after this.
Stay where you are.
Yes, Brian, I know.
We're got all kinds of printer problems here or something going on.
I'm trying to organize the audio soundbite roster, which I just got.
We're back 800-282-2882.
If you want to be on the program, email addresses L Rushbow at EIBNet.com.
Uh the bank in California's IndyMank, and it failed.
By the way, they're talking about 150 banks may fail, blah, blah, blah.
All of this negative news, all of this, oh my God, it's going to hell in a hand.
Don't forget, we had a thousand SNLs fail back in the eighties.
This is not new territory, my friends.
We're not, you know, we're not in any virgin territory here.
This has all happened, but there is a problem here, and that is an overactive government.
You know what?
I'm going to tell you something.
These Republicans, these quasi conservatives in the media, these elitists, these, these smarter than everybody else in the room, people, the ones that have been encouraging an active, engaged government, and active in the guys that think that we ought to go back and take a lesson from the New Deal as Republicans, as conservatives, in order to win elections.
To appeal to a certain voter mindset.
These Rockefeller Republican guys, uh, and the and these people who want to abandon genuine conservatives ought to be very happy because they're getting exactly what they want.
They're getting an active government involved in everything, goofing it up, messing it up, having to bail things out because they're not run right in the first place, and the bailouts don't work because that's flies against the face of market economics.
They're just delaying the solution to a problem down the road.
The people who maybe not even be born yet, they're gonna have to pay for it and so forth.
It's just irresponsible what's going on, and so is Chuck Schumer.
Charles Chuck U Schumer.
The Indy Mac failure in California.
Federal regulators have pointedly cited Charles Chuck Yu Schumer, Democrat New York, in explaining the bank's failure in simple language.
Federal regulators blamed Charles Chuck Yu Schumer for a run on the bank.
This is from the press release issued by IndyMax Regulator, the Office of Thrift Supervision.
Quote, the immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Chuck U. Schumer of New York.
The letter expressed concerns about IndyMac's viability.
In the following 11 business days, depositors withdrew more than 1.3 billion dollars from their accounts, all because Charles Chuck U. Schumer was following the game plan of the Democrat Party and the American left today in trying to convince the American people their country isn't worth a sack.
They have gone overboard in trying to convince the people of this country that this country is in a constant permanent state of decline, that it isn't worth anything, and that furthermore we deserve to be in this constant state of decline because our power, our superpower status, uh our riches, our prosperity, as you know, have stolen so much from the rest of the world.
These people will do anything to get power.
Uh, and Schumer personifies what is uh what is happening.
This is just irresponsible.
Purely one pure politically irresponsible, political malpractice.
And he's out there defending himself on this.
Well, those depositors, they uh needed to be uh needed to be warned.
Uh oh, I just noticed a note here from Marcus.
Maybe I can't use the data.
Uh oh, that's not about that.
Never mind, Mark, everything's cool.
He's the guy that flew the tankers.
And he just sends me a note here, and I thought, oh, gosh, don't I thought maybe I was about to divulge classified information here, but that's uh that's not what it is.
Uh Phil Graham did not start a bank run.
Phil Graham did not start a bank run.
Charles Chuck Hugh Schumer did, and he's probably happy about it, as is Barney Frank.
You sit tight, much more straight ahead.
Hi, welcome back.
Rush Limbo, having more fun than a human being, should be allowed to have.
I cannot emphasize this enough.
Phil Graham did not start a bank run.
Charles Chuck Hugh Schumer did.
What Graham did was rattle the liberal world.
And that's who he was talking about.
A nation of whiners.
And they are a nation of whiners.
The American left lives on whining.
They get up on it, they go to sleep on it, they dine on it.
They vomit it.
They are nothing but whiners.
He was exactly right.
And I just wish McCain once, just once, if he's going to denounce it, do it privately.
You don't have to go throw every one of your supporters under the bus, Senator.
This is it's not going to get you anywhere.
I mean, this is the kind of stuff that people you need to vote for you, Senator, want to hear from people like Phil Graham.
Now, some people may it was impolitic.
Shouldn't have said it.
Well, it's too late for that.
He did say it.
So deal with it.
Expand on it, explain it instead of denouncing the guy who said it.
His comment about a nation of whiners, it brought on shock and outrage.
And of course, repudiation from Senator McCain, a litany of liberal editorial writers and Democrat spinners reeling off every anecdote of every suffering American they could reel off in order to try to explain why people are whining.
But the point is there always are whiners.
But we never hear the stories in this country about the people that don't whine.
We never get the stories about heroes.
We never get the story about overcoming obstacles until they die.
And then we offer them tributes.
You know, but people who make the country work are not out there whining because they haven't got time for it.
And we never hear about that because people like Charles Chuck H. Schumer and the rest of the Democrat Party wants to desp this dispirit you, demoralize you as quickly and as rapidly as they can.
And I'd like as true as as Senator Graham's statements are, and as impolitic as they were here in the United States of Oprah, where do you think whining began?
Well, I must admit, whining preceded Oprah, but whining has now become an official state of mind.
Thanks to Oprah.
What Graham said didn't cause a bank run, what Charles Schumer did say caused a bank run.
Schumer shut off his mouth as he always does.
He released a statement to the press as he always does.
He caused California's Indimac banks to fail.
Bank was in some degree of trouble, but after Chuck Schumer mouthed off, the bank suffered an eleven day run, 1.3 billion dollars, billions with A.B. And when the bank failed, Charles Chuck H. Schumer did what Schumer always does, he tried to pass the buck.
He blamed the bank and its uh actions and the regulatory failures for the bank's seizure.
Did he cry fire in a crowded theater?
Did he report the emperor has no clothes, which he claims he did?
He did he did shout fire in a crowded theater.
What's what's Chuck Schumer's answer to rising cost of gasoline, Sue OPEC?
What's Charles Schumer's answer to massive trade deficits, and that's more tariffs?
Like the ones that triggered the Great Depression in many people's minds, and maybe even sowed the seeds for World War II.
We're not talking about some wacko with a blog here, folks.
We're talking about a senator from the great state of New York.
He's the chairman of the Democrat Senate campaign committee.
He will do or say anything to load up the Senate with a bunch of liberals.
Now, I uh Schumer aside, uh, ladies and gentlemen, oh, and hit here, New York Times today.
Government as the big lender.
This is where we're headed, and this is what's so many I can't tell you how frustrating this is, because this is what so many of my brethren, our brethren in the so-called conservative intelligentsia claim to want.
They want their government to become exactly what it's becoming here.
Active, engaged, helping people with their finances so as to get their votes and so forth, exactly what the Democrats do, uh, saying that the era of real conservatism is past and it's over with.
And here, folks, they ought to be very happy with all they're getting.
Because this is a classic illustration of exactly what happens when you have an active and engaged government in as many aspects of people's lives as possible.
The only people ought to be happy with what's going on here with this government are socialists.
If you are a socialist, what's happening here with the financial markets, the credit markets, subprime and all that, uh, should make you very, very happy.
Well, we what are we doing here?
We just we do we just need to keep nationalizing and subsidizing and ensuring as a government, if we do this, if we subsidize every failure, if we nationalize as much we can of the credit markets and so forth, uh, we're gonna destroy ourselves.
If the government starts doing this, if people start taking risks where they know there are no risks because somebody's gonna bail them out or back them up, we are in trouble because then everybody's gonna become a bottom feeder.
Everybody is gonna just assume that their neighbors, fellow citizens, are gonna bail them out.
And that's where the government's headed here, right?
We def there's so much whining out there, and it's an election year, we just can't stand for any pain to happen.
Now, I'm not talking about people who have been genuinely short-changed, screwed or what have you.
But that doesn't describe everybody in this circumstance.
So the the government's on autopilot now.
Anybody in trouble, we'll bail them out.
I don't care if it's Bear Stearns, I don't care if it's Fannie Mae, Freddie Mac, we'll bail him out.
Both parties, ladies and gentlemen, are supporting this.
You remember the TV show with uh Richard Boone?
Uh his name was Paladin, and a show was entitled Have Gun, comma will travel.
Well, you're too young in there, Don.
Too young and innocent.
This is a show on in the 50s.
It was a Western.
Well, the federal government may as well pass out cards now, says, don't have money, we'll spend anyway.
They don't have money.
They're running up massive debt and obligations for generations yet to come.
These numbers are uh are stunning.
And the reason is it's so that this generation does not experience the conditions of its own making.
This generation being the baby boomers, everything in life was always about them, is always about them.
Uh their parents were raised with the notion, my parents, your parents, if you're a baby boomer, were raised with the notion of getting along with less.
They had to.
They were coming out of the Great Depression.
They had to fight World War II, the Korean War, they had to deal with a Cold War.
They had to grow up very soon.
They had to uh come to grips with the fact of getting along with less.
They didn't want their kids to go through that, and they succeeded.
There's not a baby boomer out there other than some liberal hippie living somewhere off of berries and tree trunks out in some forest someplace who doesn't want more of everything now.
And doesn't and wants it even faster.
There was no such notion when we were growing up of doing more with less, getting by with less.
Hell, now even younger generations expect to have their $2.5 million house by the time they're 25 years old.
Nothing wrong with high expectations, but when they're not founded in reality, and when they lead you to whine when you don't get it, then we've got a bit of a problem.
So we're going to bail all this stuff out.
We're going to handle all this.
We're going to grow the government.
And we are going to get government.
You're going to be owing the government.
They're going to they're going to have been your salvation.
You're going to vote for whoever comes along saying I'm from the government, which is sadly one of the things going on here, all so that the people around today don't have to suffer and experience the conditions of their own making.
Republicans whining here about conservatives.
They ought to be so happy.
I hate to be redundant here.
I hate to be repeating myself, but you know, all these enlightened country club blue blood Rockefeller Republicans, man, they ought to look out to be happy.
Why the government's doing everything for everybody.
Showing how activist it can be and how compassionate it can be.
I mean, this is subsidizing all of these things.
Bear Stearns get the two stimulus packages here for the recession that isn't.
You know, I remember when uh when Barry Goldwater, you're probably too young for this too, Dawn, but I remember when Barry Goldwater said no to bailing out Lockheed.
And I remember when um government said no to bailing out Chrysler.
Leon Coca was on his own.
And of course, we all remember Gerald Ford telling New York to drop dead.
New Yorkers have never forgotten it.
I think we did bail out Lockheed never, I'm not, I'm not sure.
But here's the bottom line.
We know this, we know this.
Intelligence guided by experience.
Big government simply cannot work.
Big government has the potential to destroy our system.
We have got to start weaning ourselves from this, which is why Obama is exactly the opposite of what we need, and sadly, Senator McCain is too undisciplined here on policy or ideology to get this.
It's easy for these guys who work in government to run around promising all this money when all they have to do is sign their name and vote for a new spending bill.
It's got to be an incredible sense of power to know that you sit on top of trillions of dollars, and as a U.S. Senator, you get to spend one one hundredth of it, essentially.
And you can spend whatever you want, and it's not yours, and so it's even easier.
And it's a lot easier to spend it and bail people out than it is to give them a little tough love and say, hey, you took the chance.
Particularly when it's in an election year.
So what do we see here, folks?
We look around, I don't care, Feddy Mac, uh, Fannie Mae, Bear Stearns, the massive stimulus things, and now we're here this bank system out in California.
We are seeing the edifice of big government crumbling all around us.
Just like this gasoline price business, as I said last week, is a golden opportunity for the Republicans to paint the Democrats as the responsible party here.
Who traditionally has been the party of big government?
The Democrats.
The left wing.
Look at what's happening to it.
I know you might be saying, but Rush, but rush.
Who's in charge right now?
Well, that doesn't matter.
I mean, it it may, in a political sense, if the left you want to start getting into blame games, I'm not blaming anybody.
I'm just what it is.
We have a government out of control, expanding rapidly.
It doesn't matter to me who's running it, the theory that big government works is being shown to be untrue.
This is an opportunity for our side to start making one of its fundamental arguments, i.e., limited government.
Because if we don't get a handle on this, it is gonna destroy things.
It's gonna destroy our system.
It's it's gonna get to the point where nobody is gonna is going to be restrained whatsoever in buying things they can't afford because they're going to think the government will come in and uh and bail them out.
The dollar, oil, insurance debt, all of this is government related.
All these problems are government related.
And if we cannot accurately diagnose the problem and articulate it to people, then we're not going to be able to address these things and win elections, and we need to do uh to do both.
I mean, look at this.
The market today, when they announced the bailout of Freddie Mack and Fannie Mae, the market knew.
I mean, there was trepidation here, and a Dow went negative for a while.
And here's why.
Because you start pouring billions of dollars into Freddie Mac and Fannie Mae.
Uh it means they are failed concepts.
And what are Freddie Mae, Freddie Mack and Fannie Mae?
They are the weirdest organizations in the world.
They are private, supposedly private corporations, run by the government.
And they are there to help the uh people get into the housing market who otherwise may not be able to get a conventional loan at your standard rip off five and dime savings alone down the road, or banker.
You know how people feel about these things.
So the government comes in, the old FHA.
So you have Freddie Mac, and we've got Fannie Mae set up by the federal government.
They're supposed to be self-sufficient.
They don't pay federal or state income taxes.
They are not regulated by the SEC.
They have every advantage, and still they've gone under.
Still, because there are no restraints on them.
It's the government, and people that work there think that there's a limitless supply of money.
Anyway, we we've created a monster here, folks.
We we can't allow it to fail now.
That's the problem.
Could have devastating impact if we allow all these circumstances to fail, so it isn't gonna happen, but we need to learn from this, and we won't.
Individuals need to understand that these federal creations have put this country on the line for over five trillion dollars, not to mention all the other entitlements, and the extent of the problem here is mind boggling.
A brief time out a little long here.
Uh be back with a uh another segment before you know it.
Stay with us.
America's real anchor man here, Rush Limbaugh behind the golden EIB microphone.
Here's the sad truth, though, about big government.
Sandra, this is this is what this is what the Liberals know.
The more we see that government doesn't work, the more people beg for big government.
The more people beg for government to be fixed.
Rather than say this doesn't work, move.
It's the one institution where insanity rails are reigns, and it is insanity defined as doing the same thing over and over again that doesn't work, expecting a different result.
But this is a golden opportunity, I think where conservatives need to speak out, challenge all these big government programs and things.
Uh we're not talking about radical change here.
We we we we support weaning the public off of government because if we don't, my friends, we're gonna destroy our economic system.
The dollar will continue to become worthless.
It'll create a huge crisis for some future generation.
Let me destroying the dollar and the credit markets and the housing market are not ways to improve the lives of people.
Can we agree on that at least?
And I would ask who is in charge here making this, and I'm not it's an entity.
It's it's it's government.
It's not both political parties are in on this, folks.
Uh grab a call here before we have to skate out here.
Shreeport, Louisiana, Hometary Brad Shaw, the Steelers, and Hal Sutton, PGA tour.
This is Keith.
Nice to have you on the program, sir.
Hiddos, Rush.
Hi, man.
I love you.
But I'm damn tired of you.
Bashing the boomers all the time.
You are a boomer.
We're one of the greatest generations this country's ever had.
Some of us are, yes.
No, the majority of us are.
But you don't hear about us because we're working our ass off.
I talk about you all the time.
I praise you guys all the time.
You are the backpower of us.
Come on, man.
You're bashing us all the time.
Why don't you put the blame where it belongs on that World War II generation?
They're the ones who started Social Security.
And then LBJ came along and screwed us some more.
Come on.
They won't stop.
When do we get them paid back?
Thank you for saving us.
Intergenerational fight has broken out here on the EIB network.
And I understand your point.
Because while the greatest generation did some great things, they also gave themselves an entitlement program.
That's what you're saying.
Exactly.
And now they expect everybody else to pay for it because of their great sacrifice in saving the country.
They did the same thing we would have done if it would have been at our feet.
We didn't start Vietnam, but we got tossed into it.
Now, my dad was was from the World War II generation.
He taught me an immense amount of things.
All he did is put his head down and his butt up and worked his ass off.
Right.
So did my dad too.
But there are a lot of boomers who will not even look at their butts, much less work their asses off because they want to whine and moan about the fact that things aren't going well for them.
A lot of boomers cared to compared to their parents, had it we had to invent our own traumas out there, Keith.
You know I'm ready.
You know, a lot of people say, Rush, you're talking about Obama.
What's what is a community organizer, anyway?
Can answer that in two words, folks.
Community organizer equals Al Sharpton.
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