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Oct. 3, 2008 - Rush Limbaugh Program
37:11
October 3, 2008, Friday, Hour #2
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Greetings my friends.
Welcome back.
It's Rush Limbaugh, firmly ensconced behind a golden EIB microphone.
Broadcast excellence continues on Friday.
Live from the Southern Command in sunny South Florida.
It's open live Friday.
Telephone numbers 800-282-2882.
The email address LRushbo at EIBNet.com.
The McCain campaign yesterday announced that it was pulling out of Michigan.
Fine.
Leave Michigan.
You liberals in Michigan, people deserve what they vote for.
We've done everything we can to try to bail Michigan out.
Not bail out, but say Michigan.
If you want to vote for the same kind of people who got you in the mess that you're in, go right ahead.
It's your state.
Do what you want.
Sarah Palin heard about this.
So we're going to pull out of there.
She didn't even know.
This is this morning in St. Louis.
I read that this morning also.
I fired off a quick email and said, oh, come on.
You know, do we have to?
Do we have to call it there?
Todd and I, we'd be happy to get to Michigan and walk through those plants of the car manufacturers.
We'd be so happy to get to speak with the people there in Michigan who are hurting because the economy is hurting.
Whatever we can do and whatever Todd and I can do in realizing what their challenges in that state are, as we can relate to them and connect with them and promise them that we won't let them down in the administration, I want to get back to Michigan and I want to try.
Holy cow.
Hubba, hubba.
Duba duba.
Now, Ms. Palin, while you're at it, could you also call Senator McCain and because she had great answer on global warming last night.
Did you guys, this story cleared about 6 o'clock last night when I was en route?
I was in the skies.
It was the wild blue yonder headed west to San Antonio.
And here's the Stratzer Reuters story, McCain Eyes Potential Treasury Picks.
Oh, so I read it, not surprised.
He's mentioning a bunch like Meg Whitman or Warren Buffett.
Not surprised, but can I get to the last paragraph of this?
Yeah, just when it's nothing, that's nothing.
Warren Buffett's nothing.
Asked if he would be a visible presence in international talks to reduce greenhouse gas emissions and replace the Kyoto Protocol, McCain, who has clashed with fellow Republicans over climate change, said that he would do whatever is necessary to try to move forward.
McCain said he would involve former President Al Gore in efforts to address the issue.
I would tap Al Gore, said McCain.
I would tap people who have been involved in these issues for many years.
McCain noted he disagreed with the Nobel Prize winner about nuclear energy, but added, I have great respect for Al Gore.
Ladies and gentlemen, please do not turn off your radio.
Please, please don't abandon me here.
I should have given you ample warning if you hadn't heard about this.
That's why he's Al Davis.
He has no clue.
He just literally has no idea.
I do not think that Senator McCain is in the tank for Obama, but I would be hard pressed to prove it.
Very, very sad news, ladies and gentlemen.
So while Sarah Palin is emailing the campaign after she reads that her own campaign's pulling out of Michigan, maybe she could have a conversation with Senator McCain about this.
Al Gore, I want to hear this Palin bite one more time.
This is Sarah Palin wanting to save Michigan for the McCain campaign.
I read that this morning also.
I fired off a quick email and said, oh, come on.
You know, do we have to?
Do we have to call it there?
Todd and I, we'd be happy to get to Michigan and walk through those plants of the car manufacturers.
We'd be so happy to get to speak with the people there in Michigan who are hurting because the economy is hurting.
Whatever we can do and whatever Todd and I can do in realizing what their challenges in that state are, as we can relate to them and connect with them and promise them that we won't let them down in the administration, I want to get back to Michigan and I want to try.
That's just refreshing as it can be.
I just love it.
All right, we continue now with the audio soundbites.
Everybody talking about Sarah Palin and her gaffes with Katie Couric and so forth.
Can I play for you the biggest gaffe in an interview with Katie Couric so far this year?
And it was not Sarah Palin.
The question from Katie Couric, we were with him last Thursday during one of the rockiest weeks in history for the U.S. economy.
Something that wasn't lost on the six-term senator.
Part of what a leader does is to instill confidence, is demonstrate that he or she knows what they're talking about and communicates to people.
If you listen to me and follow what I'm suggesting, we can fix this.
When the stock market crashed, Franklin Roosevelt got on television and didn't just talk about the, you know, the princes of greed.
He said, look, here's what happened.
There wasn't television in 1929 and Roosevelt wasn't president.
That's a huge gaff.
There have been countless gaffes like this.
Oh, that's just Joe.
This is the evidence of just the monolithic dogma with which the drive-by media is pursuing electoral victory for Obama and as many other Democrats as possible.
Now, we continue here with Senator Biden in the debate.
The McCain campaign last night put out an email blast of people.
I am not on their list, but I know people who are.
They sent it to me.
There are 14 lies, they say, that Biden told last night.
We have some of them here.
From the debate last night, this is Biden.
That's just simply not true about Barack Obama.
He did not say sit down with Ahmadinejad.
All right.
Now, this is just a flat-out lie, and they know that it is a weakness.
They know that they're vulnerable on this.
We go back to July 23rd, 2007, CNN's YouTube Democrat debate from the Citadel in Charleston, South Carolina.
A viewer named Stephen from California asked this question.
Would you be willing to meet separately without precondition during the first year of your administration in Washington, anywhere else, with the leaders of Iran, Syria, Venezuela, Cuba, North Korea, in order to bridge the gap that divides our countries?
I would.
And the reason is this, that the notion that somehow not talking to countries is punishment to them, which has been the guiding diplomatic principle of this administration, is ridiculous.
He said it.
We have the tape.
Biden was standing right there when he said it.
Ahmadinezan's the leader of Iran.
Now, what they're trying to skate on.
No, Ahmadinezan's not the leader of Iran.
That's not what Obama meant.
No, no, no.
I mean, the leader of Iran, why, that's the mullahs.
This is how they're trying to skate out of this.
But he said it.
There can be no doubt about it.
I thought, Snerdley, what did you think of the first sentence in the debate?
First 10 seconds.
First 10 seconds.
Here are the first 10 seconds.
Nice to meet you.
Hey, can I call you Joe?
Thank you.
Sarah Palin.
Hi, nice to me.
Can I call you Joe?
Thank you.
Pretty personable.
I thought, wow, I got notes from people.
She looks like deer in the headlight eyes here in the first 10.
I didn't see that either.
You know what?
I'll tell you what.
I got a great analogy for those of you who were just scared, petrified going into last night.
And even the first 10 minutes when you saw, I did not see her scared.
I didn't see her deer in the headlight eyes, but a lot of people told me that they did.
And I know what it is.
I know what it is.
Imagine, ladies and gentlemen, that you are a fan of the Chicago Cubs.
You know your team's going to lose every year.
Every year they're going to lose.
You know it.
A few of those years, they are going to make the playoffs.
And you go in there and you watch, and you just know they're going to blow it.
The Cubs have made the playoffs.
They got blown out twice in a row by the Dodgers.
Their fans believe it.
But yet there is this hope that the team does.
Everybody goes in because of the Katie Couric interview, expecting Palin, who is representative of their team, to blow it.
It's like every Super Bowl.
If your team makes the Super Bowl, you just know they're going to blow it.
You just know the coach is going to do something stupid.
You know the quarterback's going to throw interceptions.
You just know it.
If you're a fan of Missouri University football, Missouri University football hadn't mattered for 40 years.
Now they're number four in the nation.
They played Nebraska on Saturday.
I, ladies and gentlemen, will be there.
I'm going back to Lincoln to see Missoula, Nebraska.
Now, I am not expecting Missoula to lose.
I am not a pessimist, but people go into these things just expecting everything in the world to go wrong.
And it didn't go wrong last night for Ms. Palin.
Here is, let's see, let's move forward, number 18.
Right out of the box, I thought she connected here.
Gwen Eiffel said the House of Representatives this week passed a bill, or didn't pass it, I should say.
The Senate decided to pass it.
The House is still wrestling with it tonight.
As America watches these things happen on Capitol Hill, was this the worst of Washington or the best of Washington that we saw play out?
Go to a kids' soccer game on Saturday and turn to any parent there on the sideline and ask them, how are you feeling about the economy?
And I'll bet you you're going to hear some fear in that parent's voice.
The barometer there, I think, is going to be resounding that our economy is hurting and the federal government has not provided the sound oversight that we need and that we deserve.
And we need reform to that end.
Now, John McCain, thankfully, has been one representing reform.
Two years ago, remember it was John McCain who pushed so hard with the Fannie Mae and Freddie Mac reform measures.
He sounded that warning bell.
I waited.
I thought it was Obama that Obama's running around saying he sounded a warning bill.
McCain sounded a warning bell.
He also sponsored and supported legislation to do something about it.
It got turned down by the Democrats.
Now, Eiffel offered Palin a rebuttal to what something Biden had just said.
No, it doesn't matter what it is.
And Palin pounced here.
Eiffel says, would you like to have an opportunity to answer that before we move on?
I may not answer the questions the way that either the moderator or you want to hear, but I'm going to talk straight to the American people and let them know my track record also.
As mayor, every year I was in office, I did reduce taxes.
Now, as for John McCain's adherence to rules and regulations and pushing for even harder and tougher regulations, that is another thing that he is known for, though.
Look at the tobacco industry.
Look at campaign finance reform.
So you have here Palazzo's, basically up yours, Eiffel, and up yours Biden.
You know, I'm through letting Katie Couric tell people who I am.
I'm through being filtered.
You may not like the way I answer these questions, but I'm going to answer these questions and talk to the American people.
I just got the numbers on this debate last night, and it's stunning.
Over 10 million alone watched on CNN.
The audience for this debate last night dwarfed the boar fest between Obama and McCain.
Overall rating was a 45.0, much higher than the Obama-McCain debate, which had a rating of 31.6.
The Baltimore market had the largest TV audience, a household rating of 59.1.
10 million.
Let me get the number for the CNN here.
10,685,000 voters alone on CNN.
Now, that also means that the doofuses watching CNN also got the most biased, wrong, purposefully wrong analysis after the debate because they had their own stupid little focus group.
And I think it was unanimous for Biden.
And their commentators were unanimous for Biden.
Don't forget, David Rodham Gergen out there repeating the talking point.
Well, Sarah Palin didn't fine, but Joe Biden turned in the performance of a lifetime.
We'll be back.
Stay with us.
All right, let's go to the phones.
It is Open Line Friday, and I've been promising people will go to the phones.
So we're going to go to the phones.
We're going to start in Madison, Wisconsin with Andrew.
Nice to have you on the program, sir.
Thank you for waiting.
Hi, thanks for having me on, Rush.
You bet.
I went last night to, I go to UW-Madison.
I'm a student here.
And I went last night to watch the debate at our student union.
So I was probably one of maybe two out of a thousand Republicans here that decided to go.
And in this debate, right away at the beginning, I was one of the people who said it felt like a deer in headlights watching it for her.
And even the people around me who were the Democrats in the tank for Biden, loving it, thought that they felt sorry for her and all this.
But after she took control, when she made that comment that you just played to the moderator, they started biting their lips.
They didn't know what to say anymore.
Halfway through the debate, some of them, a lot of them, started leaving.
I could really get the consensus from these hardcore liberals here that they didn't like what happened at all.
And I think they know, well, I got this feeling as I was leaving at the end.
A lot of them had this feeling in their gut that they didn't like because they like her now.
And they wish that.
Now, wait a minute, wait, Now, this is very, very important.
You said the liberals walked out of there.
Yeah.
You said half of them or some of them walked out of there.
A lot, a significant amount left during the debate.
Why all of a sudden, in their gut, they didn't like her.
Now they like her?
I would, a typical liberal would hate her even more.
Oh, but she can talk to them.
And there were some girls around me that even said that.
They said, wow.
I mean, she's a great speaker.
I really like her.
I mean, those are their exact words.
Even though they, I mean, in my opinion, half the people here are mindless.
They don't know why they like Obama.
So when they hear things they do like, they don't understand why they're supposed to be disagreeing with her.
You know what I mean?
Exactly.
I think that's well said.
They don't know why they like Obama, so when they hear things they're supposed to disagree with, they don't know why they should.
Yeah, exactly.
And I remember my mom bought me a subscription to Rush 24-7 last year so I could listen to your show.
And the first episode I got on my iPod was where you talked about Obama at the Coal Center.
I went to that.
I was on the floor watching it, and he signed to baseball, which I kind of want to burn up now.
But I think I was the only person there who realized he never said anything.
Hope and change, that's empty words.
He said it very well.
See, that was back in the magic days.
That was back in the Messiah days, saying nothing better than anybody had ever said nothing, at least in my lifetime.
And this campus is cooled down for him.
He used to be plastered everywhere here, but now...
Well, now, wait, this is, you know, I'm confused here.
I'm getting...
Let me read you a couple media reports.
I'll tell you why I'm confused.
Okay.
First off, let's see, what's this?
This is AP.
Charles Babington, the headline, Meltdown GOP woes for GOP grim week in D.C., elsewhere.
Nothing has exposed the depth of the party's problems in disarray more than this week's House rejection of a massive blah, Goes on to say that McCain has abandoned efforts to carry Michigan once it top targets.
Several key Senate races, including those in Oregon and North Carolina, show Democrat challengers making strong gains against Republicans.
And I can sum this AP story up by saying media to GOP dropped dead now.
Washington Post, page A9.
Lobbyist hired by Freddie Mac to work on McCain is now senator's aid by Matthew Musk and David Hilsenrath.
When mortgage giant Freddie Mac feared several years ago that McCain was too outspoken on the issue of executive pay, it pinpointed a lobbyist known for his closeness to McCain and hired him to work with the senator.
Mark Buse, longtime McCain advisor, who had been staff director of the Senate Commerce Committee, signed on as a Freddie Mac lobbyist and his firm, ML Strategiers, earned $460,000 in lobbying fees in 03 and 04.
Buse is now chief of staff at McCain's Senate office.
You see, McCain pulled out of Michigan.
Republicans are losing everywhere.
Yesterday, this race was officially said to be over.
All the polling data is trending.
Obama, there's no hope.
Republicans should quit.
You should even go vote.
Now they've found somebody that Freddie Mac hired to lobby McCain, and now he's McCain's chief of staff.
This means McCain is corrupt.
Then there was this from the Financial Times.
Here's the lead in this story.
Rush Limbaugh has been accused of many things over the course of his career, but this week marks the first time he's been blamed for a global financial crash.
Now, my point here, Andrew, is that everywhere I go in the drive-by media, they're saying, drop dead, GOP.
You have it a prayer.
The election's over.
And yet you're telling me that in the heart of liberalism in Wisconsin, Madison, that you're seeing some chilliness to Obama among the young skulls full of mush on the campus.
Yep, they're completely losing their, I mean, they used to love him here.
You'd walk down the streets and people would randomly be chanting, yes, we can, as if they're these, you know, hypnotized mummies walking down.
Well, that's before football teams started playing.
That's true.
But now, honestly, they used to have a ton of events.
They used to have their headquarters right on campus.
Their headquarters have had to move away a little bit.
The events have dwindled down.
They don't have their chalkings anymore.
And McCain is starting to make a president.
They still know how to slash the tires of Republican get-out-the-vote vehicles on Election Day.
Don't sell them short.
We'll be back.
You sure of that number?
All right.
Well, the bailout bill passed the House of Representatives.
Now, when the bailout bill passed, it was the final 263 to 171.
And I'm told 108 Republicans voted against it.
The Dow Jones Industrial Average is hovering around 230 to 250 when it passed, and it spiked up.
Now it is free falling.
It's down to 101.
It was at 175 just three seconds ago.
It was up to 230 or 250.
The thing is, it's exactly what happened in the Senate.
The Senate passes a thing, and the DJI went down 400 points.
Now it's up 102.
Oh, sorry, up 93.
Just lost nine more.
As we give you the Dow Jones Industrial Average play-by-play here on the EIB network after 84 now plus 84.
Obviously, sell on the news has been sounded throughout Wall Street.
Sell on the news.
And people are selling on the down to 77 up, ladies and gentlemen.
And we're only up 77.
We're close to now having lost about 200 points today since just went up to 79 since the House bailout bill passed.
Bill in Newcastle, Pennsylvania.
Welcome to the EIB network, sir.
Hello.
How are you doing, Rush?
Fine and handy.
Honored to speak to you.
I'm a Western Pennsylvania Stellar fan here.
Appreciate that.
Hey, I told your call screener, I'm mad as heck, and I'm worried at the same time.
We watched the debate last night, and this morning I had a discussion with some colleagues, and everybody pointed out about all the lies that Biden stated at the debate.
Nobody seems to care that these people are lying, Rush.
And that's what bothers me.
They're picking out little snippets, little sombites, little campaign slogans that they're going with.
They don't care that these people are lying.
Wait, when you say they don't care.
You remember the media or your friends?
My friends.
I have some colleagues that are sort of like on the fence.
They're not really, I don't call them as informed as maybe I am or whatever.
You know, I don't know.
I learned the hard way that people don't care about that with Bill Clinton.
Right.
I mean, every other word out of his mouth was a lie, and people didn't care.
And in fact, the more we talked about how much Clinton lied, the more people got their backs up defending him.
But this is the problem, Rush.
This is what I'm worried about.
People don't care about issues.
They don't care about people lying.
They don't care about their morals.
All they care about is these little sombites and these little snippets that these politicians are using, especially Obama.
People are here and 95% of the people are going to have less taxes.
People are hearing a chicken in every pot.
And that's all they base their votes on.
Yeah, but that's, you know, 95% of the people do not pay taxes.
Only about 70% of the people do.
It's impossible for 95% of the taxpayers to get a tax cut.
But these people don't know that, Rush.
They're hearing that, and they're saying, I have to be one of those people.
So that's why they're not going to be able to do it.
Well, this argument, look at it.
It's one of my oft-repeated laments that ignorance is one of the most expensive commodities we have, and this country is costing us more than we could probably calculate.
And you're giving a good illustration for it.
Rush, I live 12 miles from Ohio here.
I'm north of Pittsburgh, about 50 miles.
And there's talk that they're taking these people from homeless shelters and taking them down to the voting booth or having them register or whatever.
You can register an early vote the same day.
Right.
In Ohio.
Yes.
And the same thing with the college campuses.
I have two kids in college.
The grassroot organization that Obama's running, I think, is just blowing McCain away.
And this is what I'm worried about.
Yes, but the Democrats do this every year.
They do this every presidential year.
Now, buck up out there.
It's not over yet.
The fact that the Democrats have to do this is an indication of the actual weakness that they face in this country with genuine voters.
They're a positive.
Rush, here's my analogy.
You like to think you should use sports.
It's like a football game.
We're in the fourth quarter.
Obama's throwing passes down the field.
He's going for the end zone.
And it seems like McCain's dropping back to punt.
And that's what it seems like the campaign's doing.
There's no excitement in McCain's campaign from what I could see.
And this is what's worrying me.
I just don't know how to – I can't handle it, to be honest with you.
I can't handle it because – You're going to have to get a grip.
It's not time to panic yet.
I will tell you when it's time to panic.
And it's not time to panic yet.
I understand how hard it is.
I understand how hard it is.
I told some people, I did a little barn burner of a speech in San Antonio last night.
And it is very, very clear that Senator McCain has decided on a campaign that doesn't give people reason to vote for him.
I mean, he went out at his convention.
You remember the big finale, his convention?
Yes.
Fight with me.
Fight me.
Fight with me.
Fight.
Join me.
Join me.
Fight with me.
He's not fighting.
Right.
Sarah Palin goes out.
There's only one man that's fought for you in this campaign.
He's not fighting.
He's not.
Now, this is their strategy.
He's not giving people a reason to vote for him.
He could, but for some reason, you know, I mean, you can talk about earmarks and.
Right.
But why doesn't he give people a reason not to vote for Obama?
Why doesn't he bring these things up about heirs and corn and rains and everybody else?
I don't know.
That's frustrating.
If I got within five miles of McCain headquarters, if I was driving around, they would send out the cops.
I do not even know where McCain headquarters are.
I cannot answer these questions.
Well, I could give you theories.
I think McCain just does not, he wants to run what he thinks is an honorable campaign.
He does not want to be partisan.
Criticizing Democrats is partisan.
He does not want to be thought of as partisan.
He spans the divide.
I'll also give you this little tidbit.
McCain believes, or at least his people do, and he subscribes to it, but I think he believes that the campaign really doesn't get in gear until the last 72 hours.
That that's when people make up their minds.
And so the theory is that they're holding whatever they've got, big gun-wise, for the last 72 hours prior to the election.
I don't know if this is true.
This is just what somebody has.
Well, Rush, you had a caller a couple days ago.
A lady was frustrated because she couldn't get McCain signs, okay?
Yeah.
Our Republican convention area in our town just went up a couple of weeks ago.
Obama's had one narrow for a year.
That's just another example where I just don't think he's being aggressive enough.
And this is what scares me.
Yeah.
You know, I mean, Sarah Palin should be running for president.
I hate to say it, but I mean, she had more aggressive sombites towards Biden yesterday than McCain did against Obama at their debate.
And I just don't understand where his game plan is leading.
That's what bothers me.
So thanks for the advice.
I understand.
You're going to tell me when to start panicking, but I'm panicking now.
Well, don't.
We need you.
Don't any of you people start panicking now.
Fear can be a good motivator, but panic isn't.
You've got to stay involved out there.
You cannot get so dispirited that you think it's pointless to show up and vote on Election Day.
I understand what you're saying.
But like I said, it's frustrating when, like I said, these people that I talked to about the debate yesterday.
Screw them.
They really don't care that those people get together.
Then go talk to some people who do get it and find yourself some friends to hang around that you have something in common with.
Well, I have those two.
Well, hang around them for a while.
But it just seems like the majority of the people who are going to be able to do it.
And then take those buddies of yours over to these ignoramuses and have a little conversation and have some fun with this.
Okay, you ding bets.
Let's do some old Western Pennsylvania therapy on them.
Yeah, I know what that is.
I used to live there.
Okay.
All right.
Thank you.
All right.
I appreciate that.
That's Bill in Newcastle, Pennsylvania.
Now, you speaking.
Here's a great example of what he's talking about.
This is a story from North Carolina.
Nearly half of North Carolina residents blame the Republican Party for the nation's economic crisis, according to a poll released today.
Elon University surveyed 400, maybe Elon.
I don't know how to.
I've never heard of it.
Surveyed 477 people statewide.
Big whoop.
Found that 47.7% felt the Republicans are more responsible for current economic problems compared with 24.4% who blame the Democrats.
There's a margin of error here, plus or minus 4.6 points.
Now, this is common.
Republicans are perceived to be the party in power.
President Bush is in the White House.
But the Democrats for all these years have been pounding Bush economic policies, failed economic policies of the past, blah, We've got this October surprise here with the bailout thing where it's now been turned around.
It's a Republicans' fault.
But let me ask those of you in North Carolina, do you know who runs Congress?
Do you know who has been in charge of Congress for two years?
Do you know who's responsible for the mortgage crisis?
Do you know, those of you in North Carolina, do you know who propped up failure after failure after failure on the basis of making sure that minorities and poor people who should have never been qualified to buy houses were not kicked out of them?
Do you know, you people of North Carolina, do you know who it was that made sure those banks under threat of investigation made those loans?
It's the Democrat Party.
To the extent that we've got an economic crisis that everybody's talking about here, you people of North Carolina, your Democrat Party gave it all to you.
If there was a Republican they could blame this on, I guarantee you you would have seen his face on television in front of congressional investigators for the last month.
But you can't.
We'll be back.
I'm thinking about this North Carolina poll.
I interviewed 477 people statewide.
That's not even one person per 7-Eleven in that state.
Well, count the quick shops and the easy goes and all that.
It's not even how you get some push-poll.
How in the world do you get a cross-section of the state of North Carolina when you talk, oh, and folks, I really do not understand why all of you are so depressed.
I do not understand it.
Why, right now, I'm looking at day two of a bunch of smiling, yucking it up, laughing Democrats walk out, praise themselves on how they have saved the country by socializing the housing market, nationalizing the housing market.
And once again, I'm looking at Mayor Daly, and there's Barney Frank standing there.
I'm looking at Mayor Daly standing next to Al Capone saying, we have cleaned up Chicago.
And when these Democrats come out smiling like this, why in the world, why would you be depressed?
Why would you be down on the dumps?
Why would you be down on the dumpster when you learn that Senator McCain is going to put in his cabinet Warren Buffett, Al Gore, and Joe Lieberman?
Why would that depress you?
Why would you get depressed?
The market's tanking after the House passes the bailout bill.
Why would you get depressed when people don't care that the people that they vote for lie?
I don't understand why any of you would be depressed by any of this.
Why would you be depressed that McCain's pulling out of Michigan?
If Michigan wants to vote for a bunch of loser libs that have made their lives miserable, then let them keep voting for the loser libs that have made their lives miserable.
If they want to keep voting in Michigan for people who gave a recession, let them keep voting for people who gave a recession.
Why should that depress you?
Well, I don't understand.
Back to the phones.
Oh, by the way, one little quick story.
This is from the commentary, a magazine blog.
The FBI has raided the home of another Obama Chicago crony.
This one is somebody from whom Obama got millions of dollars earmarks for.
This is not just a guy in Obama's neighborhood, as Bill Ayers is, according to Obama.
Larry Walsh, a poker buddy and close political confidant of Barack Obama, had his home raided by the FBI.
Chicago Sun-Times reporting this.
Mr. Walsh, who served in Illinois Senate from 97 to 2005, was endorsed by Obama in his county executive election bid.
With the support of some of Obama's U.S. Senate volunteers, he easily defeated the Republican.
Corn farmer from Joliet, Mr. Walsh, has supported his friend's presidential bid, campaigned for him in rural and farming areas.
Obama, he got a lot of earmarks in there for Will County, which is where the offices of Walsh are.
Walsh investigation may be tied to lobbying firm Smith, Dawson, and Andrews, hired in 2006 for $10,000 a month to help Will County acquire federal grants, and they got them through Obama.
Now, this could be interesting.
It could lead to something.
Will McCain do anything with it?
I am going to run an honorable, an honorable campaign.
I have so much respect for Alcor.
He will tap his expertise.
20 Nobel Prize.
So buck up out there, folks.
There is absolutely no reason for you to be depressed today.
Larry in Pensacola, Florida.
Welcome to the EIB Network.
Hello, sir.
Yeah, Rush, thanks.
I want to talk about this bailout a little bit.
I'm really upset.
You know, I follow the markets and the economy very closely, and I've got a, you know, I operate a small business.
And this, you know, we may be in somewhat of a financial bind, but we're not in a financial crisis.
And in fact, this morning, before the House even voted, I mean, you see where Wells Fargo and Citicorp are nearly coming to blows over the right to purchase Wachovia.
Yes, and Wachovia is my bank.
Yeah, and Wells Fargo is the darling, you know, the big bank that has been smart.
They stayed out of trouble.
You know, they're the bank that Warren Buffett owns Common Stock in, and he has for several years, and he really respects them.
You know, they would not be taking this kind of a risk were our whole capitalist financial system, you know, in dire straits.
But wait a second, Larry, there's something.
We don't have much time, and I want to get to an interesting point about this.
Because Wachovia thought they had a broker deal, a government broker deal with Citibank earlier in the week.
Correct.
Wells Fargo comes in with a better offer from the private sector.
It doesn't involve the government.
Wachovia says, hubble, hub, the government says, whoa, no, We want you to do this.
The government is trying to make Wachovia take the worst deal.
Yeah, and we heard yesterday layoff of Wells Fargo stock.
Well, you know, the general consensus, as proven by the fact the markets are tanking this morning after the House passes this turkey, is that, you know, it's not going to help Wells Fargo.
But in fact, the guys at Wells Fargo, I did business with them for 10 years.
They know what they're doing.
They're very, very analytical.
This is a good deal for them.
I know it is.
I know.
They have been in business since the stagecoach days.
That's how far back they go.
It's still their logo.
They're buying my bank in California.
By the way, I got to run, Larry.
It's a great point.
I'm glad you reminded me of all that.
I'm glad this bailout bill passed, actually, for one reason.
Look at this headline: AP, as economy sags, so do faces and breasts.
We cannot have that.
Why do they keep saying a $700 billion bailout bill passed the House?
Isn't it the Senate version?
There's not going to be a conference committee on this or conference report on this.
It's the $857 billion version, right?
All right, a quick timeout.
I'm going to figure this out.
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