All Episodes
Previous Next
Sept. 19, 2008 - Rush Limbaugh Program
36:00
September 19, 2008, Friday, Hour #2
| Copy link to current segment

Time Text
Yeah, I can't find the thing.
I can't find I know it's here.
Oh well, it's in my head anyway.
I'll be able to explain it.
Welcome back, ladies and gentlemen, Rush Limbaugh here on the Excellence in Broadcasting Network from the Limbaugh Institute for Advanced Conservative Studies on Friday.
Live from the Southern Command in sunny South Florida.
It's open line Friday.
And the telephone number is 800-282-2882, the email address L. Rushko at EIB net.com.
We'll get to the phones in this hour, and when we do, the program's all yours.
Whatever you want to talk about, fine and dandy.
I want to go back and play an audio soundbite.
I forgot to mention something about this bite.
It is soundbite number twelve on our roster today.
This well, wait a minute now.
There's an adum.
Number 11, Mike, it's a McCain ad that is sticking, sticking it to how uh uh Franklin Reigns and tying Reigns to Obama.
I'm John McCain, and I approve this message.
Obama has no background in economics.
Who advises him?
The Post says it's Franklin Reigns for advice on mortgage and housing policy.
Shocking.
Under Reigns, Fannie Mae committed extensive financial fraud.
Reigns made millions.
Fannie Mae collapsed.
Taxpayers stuck with the bill.
Barack Obama.
Bad advice, bad instincts, not ready to lead.
Now, the uh Obama people and the Democrats say this is racist.
This is a racist ad.
Why?
Because Franklin Reigns is black.
It's racist because Franklin Reigns is black.
You know, it's not that he's black.
That doesn't get to do with it here.
He's a liberal.
If you look wherever liberal leaders, I don't care what race, gender, orientation they are, they ruin things.
From New Orleans to the state of Louisiana, to the state of Michigan, to the city of Detroit.
I don't care where you go.
Whenever you've got unchecked liberalism in power, things get destroyed and ruined Fannie Mae, Freddie Mack.
You know, a lot of these liberals that get hold of these organizations, it's okay, it's our turn now.
You know, it's our turn to take advantage of our position of power here.
So Obama is now denying that uh he has any ties to Franklin Reigns and is accusing McCain of throwing stones from his seven glass houses.
The Washington Post reported that Franklin Rains had taken calls from Obama's presidential campaign seeking his advice on mortgage and housing policy matters.
Reigns said in a statement through the campaign, I'm not an advisor to Obama, nor have I provided his campaign with advice on housing or economic matters.
Now, McCain spokesman Brian Rogers notes that Obama didn't contradict the claim when it first appeared in the post, that he only contradicts it now when M McCain puts it in an ad.
Now, what's even funnier, though the thing I'm looking for that I can't find, Karen Tummulty at Time Magazine.
I know it's in one of these stacks.
She's jumping on a bandwagon that it's racist too.
And even when it's pointed out to her that the ad has nothing to do with race whatsoever, that it's a comment on incompetence and looting, she said, I don't care.
I'm from Texas and I know what it looks like.
I'm from Texas and I know what racism looks like.
Karen Tomulty at Time Magazine.
I'm telling you, folks, the drive by's were running against two organizations.
We're running against the drive-bys, and we're running against Obama.
And the drive-bys are as invested in Obama as uh as they are themselves.
And they can't believe what's happening.
And they're they're now out.
They're gonna have to destroy McCain, and they're going to have to destroy uh Palin.
Now here's Obama.
Well, by the way, at his uh appearance after his speech today, a really dry and dull professorial speech on the economy.
And he didn't announce a plan.
He just went in there and ripped things to shreds and said if we'd have listened to him years ago that none of this would have happened.
Just like he said he put together the stimulus package when he wasn't even there to vote on it.
This guy invents more things that he was part of.
Like Al Gore inventing the internet and this kind of thing.
Why did you take those signs down?
I was just gonna detail for people what Obama's protester signs said.
We'll go we'll do that in just a second.
Here's Obama.
You talk about Monday morning quarterbacking.
Obama didn't do a damn thing but take money from Fannie Mae, and yet we have two sound bites from his speech in Coral Gables at the University of Miami.
In recent years, I've outlined plans that would have helped prevent the problems that we face.
And yesterday I proposed the outlines of a plan that would establish a more stable and permanent solution to strengthen our financial system.
Today, I fully support the efforts of Secretary Paulson and Federal Reserve Chairman Bernacke to work in a bipartisan spirit with Congress to find a solution of this sort.
Hey, sorry, Barry, but Congress is out of town and they want nothing to do with this, leaving two unelected financial elitists to handle this, Paulson and Bernanke.
Congress got the hell out of town.
The only politician, the only elected official state in town to work on this is who?
George W. Bush.
But Congress wants no part of this because Congress caused this.
Congress wrote the accounting change laws, Congress wrote Sarbanes Oxley, Congress did every Congress is the one.
Why do we even need two?
Why wasn't Fannie Mae enough?
Why did we have to add a Freddie Mac in there?
Why do we need two of these behemoths handling the mortgage businesses of this country?
Some of these protest signs, after Obama made this speech, uh that there were like thirty or forty people, many of them black, and they escorted him out of there.
One sign said abortion, Obama is for it.
Same sex marriage, Obama is for it.
Another sign said Obama got an endorsement from somebody in a KKK, and another sign said Jesse Jackson hates Obama.
And they were shouting and highfalutined in there, and the uh security staff walked him out.
So here's Obama.
He's Monday morning quarterbacking in recent years.
I've outlined plans that would have helped prevent the problems we've.
You did no such thing.
Produce these plans.
Where the hell are they?
He won't even say now what his recovery plan is.
Is he gonna wait for he hasn't taken a position on AIG's bailout.
And I'll tell you what, what's the market?
The markets up 385 right now, which we're surging up there.
So McCain is his benefit.
You know, they said Obama was going to benefit from this.
By the way, I'm very suspicious of this, folks.
I have to tell you something.
Some of these blue chips that were losing big mother was no reasons.
You can see no fundamental reason for this all week long.
And I see that ChICOM's thinking about buying half of uh one of these companies that's in uh in trouble.
And then I know George Soros is out there promising that he's gonna cause all kinds of havoc, and he's done it before.
And the timing of this, fifty days prior to an election.
Anyway, the whole thing's coming back now, uh, at least it's on that path, which means that Obama is gonna have to sit around now and and uh and wait and get together with his 300 economic advisors to come up with a new strategy to talk down the economy.
These guys cannot have a robust revived economy going into the election.
They just can't have that.
They can't have you feeling worst is over.
By the way, story in the stack of stuff.
New home sales.
California, not uh not maybe not new, just home sales in California through the roof.
You know why?
Foreclosures brought down the price.
Exactly.
Pointed this out years ago, months ago.
I was saying, you know, there's always good in everything that happens.
A lot of people are gonna get hurt, but it's gonna help a lot of other people.
Somebody tell me that 500 grand for a starter house in San Francisco or Los Angeles makes economic sense.
Five hundred grand for a starter house?
Okay, it's not gonna cost five hundred grand for a starter house anymore.
Because the property values, the market always fixes itself.
It always corrects itself.
And and it's a correction.
It always corrects itself here.
And so you got a bunch of first-time home buyers that are causing home sales to skyride.
What is it, 13 or 19 percent uh increase in California?
Here's here's the second Obama bite from his speech At the University of Miami this morning.
What led us to this point was years and years of a philosophy in Washington and on Wall Street that viewed even common sense regulation and oversight as unwise and unnecessary.
Wrong and shredded consumer protections and loosened the rules of the road.
Stop the tape.
That is dead wrong.
What led us to this point was years and years of philosophy in Washington and on Wall Street that viewed even common sense regulation and oversight as unwise and unnecessary.
Wrong.
There wasn't too little regulation.
There was too much bad regulation.
There was too much regulation that was punitive.
It made no sense.
It caused accounting changes.
It people couldn't keep up with it.
It was a nightmare.
This is more of the same.
Obama trying to rip capitalism, trying to rip the free market, make you think that capitalism is what screwed you, and only the government coming in and regulating can now fix it.
And the bottom line is regulation cannot prevent bad management.
Just can't do it.
No way, no how.
Here's the rest of the bite.
CEOs and executives got reckless.
Lobbyists got what they wanted, and politicians and both parties looked the other way until it was too late.
It is now the American people who've paid the price.
Stop the tape.
There have been warnings on this since 1997.
There were warnings on this in 2002.
There were attempts by President Bush in 2003 to come up with yet another regulatory agency to oversee these things, Obama.
You are lying through your teeth.
You are unfit for the presidency.
You are a racist baiter.
You are a segregation just right out of the mold of the segregationists of the 50s and 60s, stoking racism, trying to get people all worked up fear, panic, misery, and suffering, and now lying to them that nobody did anything and nobody tried to stop what was happening.
I'll tell you who ignored the warnings.
Your buddies, Barney Frank, Chris Dodd, your fellow Democrats.
There was ample warning this was coming every in fact.
In fact, while I'm at it, I know I got this one right here near the top of the stack.
And this Yes, yes, from no less than the Associated Press, Fannie Mae accountant, I warned CEO Reigns.
The former Fannie Mae accountant who raised questions about the mortgage giant's bookkeeping said yesterday he took his concerns directly to the chief executive Franklin Rains in 2002 and asked him to investigate.
A whistleblower.
It's a whistleblower in the left loves whistleblowers, but they ignored this guy.
The disclosure by Roger Barnes, who left Fannie Mae last November came as Reigns and Chief Financial Officer Timothy Howard, defended the company's accounting, and told Congress that regulators' allegations of earnings manipulation represent an interpretation of complex rules.
Barnes said in a written statement submitted for a hearing by the House Financial Services Subcommittee that oversees Fannie Mae and Freddie Mack.
He warned that to the House subcommittee on financial services.
I urged Mr. Reigns and Mr. Howard to investigate the issues identified.
Neither Mr. Rains nor Mr. Howard nor anyone from their staffs investigated these concerns.
So we had a whistleblower.
We had all kinds we had Congress was notified here in uh 2002 what was going on.
Franklin Reigns, of course, he knew what was going on because he was in the process of looting the place.
But there is a pattern here that is unmistakable.
It is the liberal mentality.
They think that they are owed this.
For whatever reason.
It's why they set around in New Orleans and wine.
It's why they sit around in Detroit and wine and so forth.
So don't Obama.
You know, we're here now.
You can't get away with this.
You cannot lie through your Messiah teeth like this and get away with it and say that politicians and looked the other way, that nobody knew what was coming and so forth.
And you also cannot sit here and say that you outlined plans that would help prevent this years ago.
Unless you produce the Plans.
You are just a joke, sir.
We'll be back.
Stay with us.
And welcome back.
Rush Limbaugh here and the excellence in Broadcasting Network.
All right, um.
Let's let's grab a phone call here because if I keep uh running off of the mouth here, we'll never get to the phones, and I promise people we get to the phones.
Snerdley assures me he's found the best that can be found out there.
And so let's see.
We'll start in Fort Pierce, Florida.
This is Paul.
Great that you called, sir.
Nice to have you with us.
Hey, Rush.
I appreciate what you're doing.
You're speaking the truth, and that's what's going to keep us free.
Thank you.
Hey, uh, I want to touch base with you on a couple things that have to do with taxes, tax returns, and uh patriotism.
Uh Biden's comments the other day or yesterday about uh patriotism uh in the form of paying more taxes is really kind of contrary to the Boston Tea Party and the the true patriots that started this nation.
And you look at our uh declaration of independence was uh an expression of trying to cast aside a uh a government that become uh burdensome and oppressive.
And uh on a side note, my understanding is uh uh Obama probably won't even hold up to this because I think he has some tax-free instruments upon which uh he is earning income uh as part of his portfolio.
I haven't seen uh his tax returns myself, but as I understand that's part of his portfolio, and on the same topic of a tax return, I do hear that uh Mr. Biden uh is pretty good about keeping his money.
Um uh scripture says that uh where one's treasure is where you'll find their heart.
And I gotta tell you, if if he's only giving up three hundred dollars or so every year, uh keeping the rest for himself, uh he's he's he's not feeding the poor, he's not clothing the homeless, uh he's not doing anything else other than expecting that folks.
See, that's that that's that's the real point about this.
Here's Biden out there.
His um most recent year that we have information where Aaron two and a half, three million bucks.
His charitable donations worth three thousand dollars.
And he's out there talking about patriotism for the rest of us.
Patriotism equals paying more taxes.
Uh patriotism equals giving more to the government, patriotism equals growing government, but he's got a problem here.
Obama's out there saying he's going to give tax cuts to 95% of the American people.
His walking gaff machine of a vice president's out there saying pay more taxes because it's uh it's patriotic.
These people look at the liberalism is a lie.
Liberalism is a series of lies that have to be covered up and masked at all times.
And what happens when they don't get away with it, they get frustrated.
And they're and their uh their accomplices and the drive-by media get frustrated, and the mask starts coming off.
The disguise begins to slip away, and we find out who they really are, as we are finding out with Obama, as we've known for a long time about Biden and the whole bunch of them.
I that's why I say I really don't understand what there is to reach across the aisle and and and find common ground with these people on.
I don't care who they are.
Thanks, uh Paul, for the call.
Joe in Jacksonville, Florida.
Nice to have you on the uh program, sir.
Hello.
Rush.
Yeah.
Megadiddos to you.
Thank you.
Got up this morning, listened to John McCain's uh speech where he laid out his points on what he's gonna do about the economy.
And then I hear Barack Obama stating that well, he's gotta get with his brain trust.
I thought this man had a plan for this recovery to change this economy.
Let me tell you what get with the brain trust means.
It means Axlrod hadn't written it for me yet.
Right.
And until Axlrod writes it for me and it's on the prompter, I can't tell you what the plan is because I'm not even gonna be the guy putting it together.
Well well, here's what amazes me about the the American people that listen to this and digest it and and believe it for the truth.
I mean, the Constitution was this is Constitution Week.
You know, it was ratified and passed this week back in 1789.
Most people can't even tell you that.
But if you read it, the economy is supposed to grow and prosper itself, thus prospering the people of the United States.
Yeah.
And I don't understand why they can't understand that.
They do understand it.
They do under don't you wonder if they got their hands, if if somebody ever succeeds in getting a new constitutional convention convened, folks, it will be disaster.
Of course they understand what the Constitution means.
That's why they resent so much of it.
That's why they're trying to ignore so much of it or pretend it says something other than what it says.
These people are hell bent on destroying the capitalist system that you've just described that lifts all boats and turning it into as close to a socialist system with them in charge of it as possible for the purposes not of prosperity for people but for their own power.
Hang on, folks.
I'm waiting for the print job.
Hang on just a second here.
It just keeps getting juicier and juicier out there.
Greetings, welcome back, Rush Limboy, and half my brain tied behind my back just to make it fair.
Now, uh here's here's the here are the details on the Time magazine Karen Tult Tumulty accusing McCain of racism for launching a TV ad targeting Obama's ties to Franklin Reigns.
We played you the ad.
She says it's racist because there are two black faces in the ad.
Obama's Fannie Mae connections are completely fair game.
But this ad doesn't even mention a far more significant tie, that of Jim Johnson.
There is a separate Jim Johnson ad, Karen.
We played that too.
They look the same except Jim Johnson's wife, but they've got the same format.
They just had to change the names because you got two corrupt guys here in the Obama campaign from Fannie Mae.
Reigns and Johnson.
There is a Johnson ad, Karen.
You're a Time magazine.
You're in a drive-by media.
You should know this, Karen.
This ad doesn't even mention a far more significant tie, that of Jim Johnson, the former Fannie Mae chairman, who had to resign as head of Obama's vice presidential search team after it was revealed he got a sweetheart deal on a mortgage from countrywide financial.
Instead, it relies on a fleeting and tenuous reference in a Washington Post style section story to suggest that Obama's principal admiser is Franklin Reigns.
Why?
Well, one reason might be that Johnson is white and Reigns is black.
Wait, this gets better.
This gets better.
As well as a Franklin Reigns ad.
She doesn't know there's a Jim Johnson ad.
They're both fraudulent.
So here comes the left.
That's all this is the card they have to play.
Racist, racist, race.
In fact, it's getting even better out there, ladies and gentlemen, because how's this from?
This is uh B D B.com from Ohio, Monday afternoon state representatives Bob Hagen of Youngstown and Tom Letson of Warren, Ohio met with reporters.
They argue that many voters who call themselves Democrats or Independents, but won't vote for Obama, and they only have one excuse.
Tom Letson said, Well, I'd say that a lot of it is they're just not going to vote for the black guy.
Hagan called the issue unpatriotic, adding that those not willing to vote for Obama need to face the fact that they are racist, and that that's not acceptable in America.
Both men say they will work to convince those swing voters to change their minds between non-election day.
This is all they got left now, because Obama's tanking on so much else.
So now to run around, you're racist, you're racist, I'm racist.
This ad is racist because it puts Franklin Reigns in the same picture with Obama.
So that we've they have been reduced to what they are at bare essentials.
Identity politics, same old playbook, same old way of looking at conservatives and Republicans.
I mean, these are the people running around hoping for a new campaign, a fresh campaign, something where we all get along and and it's all buffboard, no negative ads, and oh, they wring their hands.
Damn, we had the chance, and now it's blown, and they're always right in the middle of it.
Now, Karen Tumulty had it pointed out to her is uh that um Washington Post three different times ran stories connecting uh Franklin Reigns to um Obama.
The ad says so.
The Obama campaign says that Reigns didn't advise the campaign, and Tumulty apparently wasn't interested in getting to the bottom of that either.
So we contacted, this is uh uh John McCain.com.
So we contacted Ms. Tumulty, and we told her of the multiple sources that the that Ty how uh Franklin Reigns to Obama, including three separate instances in the Washington Post, none of which was ever challenged by Reigns or the Obama campaign until yesterday.
Tummulty did not correct her post.
She simply said, Look, I grew up in Texas.
I know what this stuff looks like.
Now I'll tell you what we know what looks like, Karen.
We know what typical, hysterical, out-of-control liberal bias looks like.
Yeah, your face on it.
But folks, gets even better.
The Washington Post for the last week has been running two stories on the front page, just ripping McCain to shreds or promoting Obama.
I mean, they're really in the tank on the front page.
Editorial pretty good today, but their front page are in a tank for Obama.
The Washington Post has told the McCain campaign today that you relied on us too much, and you when you put together that ha that Franklin Reigns ad.
The Washington Post says in their fact check piece today, believing us was your first mistake.
In an act of I mean, they don't, they don't they don't use those words.
They don't use those words, but that's what they're saying.
Believing us was your first mistake.
But they reported August 28th, two members of Mr. Obama's political circle, James Johnson and Franklin Reigns are former chief executives of Fannie Mae.
Now Byron York has looked into this.
He's posted at the corner at National Review Online.
Washington Post fact checker takes McCain to task for relying on the Washington Post.
Yes, the paper relied uh uh or reported in July that Reigns had taken calls from Obama's presidential campaign seeking his advice on mortgage and housing policies, and in August called Reigns a member of Obama's political circle.
The Post did this.
But hey, the Post says now that that information originally came from the style section, and it came when a post reporter was chatting with Reigns in a photo shoot.
Reigns apparently said he had gotten in the reporter's words, a couple calls from the Obama campaign.
When the reporter asked uh what about, Reigns said, oh, general housing economic issues.
So the reporter wrote that Reigns had taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters.
So now the Post says that McCain's clearly exaggerating wildly in attempting to depict Franklin Reigns as a close advisor to Obama on housing and mortgage policy.
But they never the commercial doesn't call him a close advisor.
It doesn't call call him a close anything.
As for housing and mortgage policy, given that the Post had written that, not retracted it, that Reigns had discussed mortgage and housing policy matters with Obama.
In what sense is that a wild exaggeration?
And then the Post brings up the racial issue too, noting without any other comment that the McCain ad attempts to link Obama to Franklin Reigns, former CEO of Fannie Mae, who also happens to be African American.
It then shows a photograph of an elderly white woman taxpayer who has supposedly been stuck with the bill as a result of the extensive financial fraud at Fannie Mae.
And now the Obama campaign is sending out emails quoting the Washington Post charge that McCain's exaggerating wildly.
So here we have again an example of naked hysterical liberal bias with the Washington Post essentially saying to McCain, your first mistake was trusting us.
You should never have trusted us, and now they are circling the wagons to do whatever they can to limit the damage because the Washington Post is part of the Washington governing class.
And Franklin Reigns is part of it, and uh Obama is part of it, and McCain isn't, in uh, in their views.
Who's next?
Sharon in Milford, Connecticut.
Sharon, thank you for calling.
Nice to have you on the EIB network.
Hello.
Hi.
Um I I have a feeling that this race baiting issue is going to backfire um on these liberals, especially with the comments of Governor Stabilis and Jack Caverty, that if um Barack Obama loses this race, it will be cut bill be it will be because he's African American.
What that does is that insults Our intelligence and it um insults our ability to make an informed decision.
And I think American people uh we have made such great progress since the sixties.
That's exactly right.
And what I'm afraid of is that this is going to put a chasm into this progress.
That's what they're trying to do.
Exactly.
See, we you're right, we have made a lot of progress, and the American people do not see this country as a racist country as the media sees it, and as liberals see it.
They want groups of people warring with each other.
They want men and women at odds, blacks versus whites.
Groups of people at at uh at odds.
This this uh this furthers chaos and tumult, uh, which allows them to come in on the white horse and ostensibly fix it.
But I think it is gonna back.
I think people are fed up with hearing it.
I think people are f how can the country be racist when the guy's the party nominee?
Exactly.
Where does that stand?
Where does that come from?
Um all the racism that has been injected in this campaigns come from which side?
Of the Obama camp.
That's exactly right, or the Hillary camp, the Democrat Party.
Right.
And the Democrat Party and the media are the ones who continually insert race into this, and now you mean they're setting it up.
They're setting it up.
If we lose, it's because of race.
It's not because our candidates bad, it's not because nobody doesn't like our issues.
If we lose, it's because of race.
Oh, I should also point this out.
I had this in yesterday's stack of stuff.
I think it was a Washington Post story, but it was found in the uh PMS NBC website, and it was a story about voter fraud.
And about how this election, oh, it's just horrible out there.
Uh the registration and and they cited in some of the primary elections that some of the ballots weren't counted right, and they Florida, Palm Beach County, 3500 votes, or the state of Florida, 3500 votes, couldn't be found, couldn't be accounted for, and so forth.
Democrats run the show here.
So they're setting up all kinds of things.
Of course, when they talk about fraudulent voter registration, they never talk about Obama's group.
Acorn.
They never talk about the number one criminal voter fraud registr.
That's why they exist.
A bunch of community organizers like Obama, and they exist to screw up voter registration and fraud, because they don't think that the Democrats can win legitimately.
And they're right.
By the way, folks, uh, welcome back.
Great to have you here.
Rush Limbaugh serving humanity simply by showing up.
Uh Joe Biden, the walking gaff machine, known as Obama's VP choice, out there saying it's patriotic to raise your taxes, which raises questions about Charlie Wrangle.
Uh Charlie Wrangle, of course, has been avoiding paying taxes uh for years.
Uh and I wonder what uh Biden would say about Wrangle.
You know, Wrangle has uh gone out there and he's hired a forensic accountant.
Let's check in, see how that's working out.
No, the EIB network takes you behind the scenes with Houseways and Means Chairman Charlie Wrangle.
Today, Charlie visits with his new forensic accountant.
So as the professional, what do you think, Mr. Peabody?
Well, based on the files that you sent over, two complete years of data are missing.
And these income figures are blacked out for two thousand and one three, oh four, oh five, and oh seven.
Yeah, well, I told you she was a terrible accountant.
Just do the best you can with what you have, okay?
Oh, there's no need to worry.
Oh, you're my kind of guy.
As a forensic accountant, I will be able to retrieve all these missing facts and figures through bank records, receipts, accurately account for every transaction.
Every penny.
What?
I'll bring potential problems to the surface so you can feel at peace knowing that I'm at peace.
I want this whole thing to rest in peace.
I wanted you to bury it underneath, like Hafa in the end zone at the meadow heads.
Uh no, no, no.
I I don't speak Spanish.
Uh no, I uh I don't understand the word you're saying.
I can't even hear what you're saying.
La la la la la la la.
La la la la.
Start spreading the news.
But Mr. Wrangle, don't leave.
Taxes are responsibility.
We almost fail.
Join us next time when we once again go behind the scenes with Chairman Charlie Wrangle in his continuing quest for a new accountant.
Oh, yeah, funky Colmadina, little tone lok.
By the way, I want to answer uh the Washington Post and Karen Tumulty at Time Magazine.
You wonder why did McCain focus on Franklin Reigns in his ad, even though he did do an ad with Jim Johnson too, even though you didn't know this.
Here is why.
The subcommittee collared Reigns, after Fannie Mae's regulator, the Office of Federal Housing Enterprise Oversight published a 211-page diatribe citing a litany of sins.
Pervasive and willful earnings manipulation, lax controls, perverse incentives, uh unjust bonuses.
The press pounced on this, likening Fannie Mae to Enron, calling for Reigns' head.
The SEC launched an inquiry, the Justice Department of Criminal Investigation.
And yesterday we were reminded that Franklin Reigns walked away with almost a hundred million dollars.
In compensation and other whatever, in the seven or eight years that he ran the place.
Now, what's next?
What's the left gonna say now?
Well, yeah, but it would have been twice as much if he were white.
What are the what are they gonna say?
There's a reason that you focus on Reigns.
He was kicked out of the place.
He had to cut a plea deal to get out of there.
He's still what he's still doing this serving some sort of penalty for this.
I don't know what it is.
But this is uh, you know, they just can't stand it when you hit them.
They can't stand it when you tell the truth about it.
That's why you tell the truth about Franklin Reigns and Obama, as reported three times in the Washington Post.
It's attack.
It's an attack, it's a personal attack, it's a racism.
And they use this to frighten people away from saying anything critical.
Obama or Reigns, because they are black, don't want to be accused of racism.
Not gonna work on our side.
You may be able to intimidate other Democrats, other people in the media, but it ain't gonna work anymore.
This these tactics you people in the drive-by's have gotten away with for so long are antiques now.
We know how to deal with them.
Bill in Arlington, Texas.
Thank you for calling, sir.
Welcome to the big program.
Megadiddos, Rush.
Thank you.
Uh you have been so right on the money this week.
Um, I am a longtime Republican activist.
Uh before Sarah Palin was picked, you know, we were very depressed because uh we didn't see how we were going to get the party united, but that was a brilliant chess move on McCain's part because it completely united the activist in the party, plus our voters who had left us two years ago.
Yep.
And it puts us in in the catbird seat.
Now I have a suggestion for John McCain.
He needs to recognize that he he now is is on the offensive, has the upper hand, and he needs to take it to the next level.
He he should take a page from history uh from Harry Truman, who got out there and railed against the do nothing Congress in 1948, and uh was very successful at convincing people that uh uh they should re-elect him and elect a Democrat Congress.
Uh we had exactly that situation.
When the Democrats came in, they promised to do all these things they haven't done, as you have well documented.
And uh McCain should be getting out there and pointing out to the American people that it's it's the Democrat world.
I agree with you.
I I think, and I think that's what grassroots people ought to focus on, too.
Because we've got, we have all this new polling data that these races they're in the margin of error tied.
You know, it's not an automatic.
Now the Democrats are gonna run away with either the House or the Senate.
They can be had.
So you're you're uh you're exactly right.
And I think I think the way to do this is Sarah Palin.
Sarah Palin is the one who can do it.
Go out and ask for a Congress and help us to accomplish what we want to accomplish.
The way to attack the Democrats, I mean, you can say they're a do-nothing Congress, but they came in and they did exactly what they said they weren't going to do.
They said that they were gonna get rid of partisanship, they're gonna work together, and all they did was rank partisanship in the House of Representatives under Pelosi and Reed.
They got nothing done.
They have blown it.
They have blown it.
They're more unpopular than the president is.
Okay, a brief, brief respite here at the top of the hour while we all catch our breath.
So much still ahead.
▲
Export Selection