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Oct. 24, 2008 - Rush Limbaugh Program
37:20
October 24, 2008, Friday, Hour #2
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Lots to do and not a whole lot of time to do it, so let's go, folks.
It's Friday on the Rush Limbaugh program.
Yes.
Live from the Southern Command in sunny South Florida.
It's open line Friday.
And I promise you, we will get to the phone calls in this half hour, ladies and gentlemen.
And when we do get to the phones, you own the content of the program.
Open line Friday.
You can talk about whatever you want, whether I care about it or not.
Very magnanimous thing to do, a tremendous career risk.
Unlike any taken by others in major media.
Telephone number 800-282-2882.
Email address Lrushbow at EIBNet.com.
Before playing you the rest of this shocking and striking Obama audio.
I wish to reach around and pat myself on the back.
Way back during the Republican primaries, when the battle was between Huckabee and Mitt Romney, Fred Thompson and McCain.
We were told by the Republican Party hierarchy.
Now the only chance the Republican Party, and by the way, and we were told this also by some of the uh intellectual oids in our own conservative media that the only chance the Republican Party had to win was to attract Democrats and moderates.
And the era of Reagan was over.
And when we had to, we had to somehow find a way to become stewards of a big government but smarter that gives money away to the Walmart middle class so that they too will feel comfortable with us and like us and vote for us.
And in that sense, it was said the only opportunity this party has to regain power is John McCain.
Only John McCain can get moderates and independents and Democrats to join the Republican Party, and we can't win these intellectual oids said if that didn't happen.
Well, the latest moderate Republican to abandon his party is William Weld, the former governor of Massachusetts, who today embors endorsed the most merciful Lord Barack Obama.
He joins moderate Republican Colin Powell.
He joins former Bush press spokesman Scott McClellan.
He joins a number of Chuck Hagel, Senator from Nebraska.
I don't know if there's been an official endorsement from Hegel, but Obama's out there talking about how Hegel might be Secretary of State or some have some position in his cabinet.
Now I wish to ask all of you influential, pseudo-intellectual conservative media types who have also abandoned McCain and want to go vote for Obama, and you know who you are without my having to mention your name.
What happened to your precious theory?
What the hell happened to your theory that only John McCain could enlarge this party?
That we had to get moderates and independents.
How the hell is it that moderate Republicans are fleeing their own party and we're not attracting other moderates at Independence?
How can how in the hell did you people figure this to happen?
So the Republican Party's own strategy here.
Not only has it backfired, it's embarrassing.
Now I don't have any brief for William Weld.
Don't misunderstand, but he's a moderate Republican.
The Republican Party, well, we gotta have be a big tent.
And the code, that's that's code word for we got to have some pro-choicers in our party.
To get rid of the influence of these hayseed hicks in the South who are pro-life.
Well, they have gone, and I, for one, say, damn well good written.
Weld, why don't you stay a Democrat?
McClellan stay a Democrat.
All you intellectual conservative media types, go ahead and stay a Democrat once you may move over.
And by the way, we know what this is about.
This is about being invited to state dinners in a Barack Obama administration.
This is about the social structure of Washington.
This is about style.
It has nothing to do with the fact these people love Obama's policies.
They couldn't if they're paying attention.
Not if they say they're Republicans.
They couldn't possibly.
But they figure Obama's running a show, and they don't want to be shut out the next four years when it comes time to party.
Charles Crowdhammer writes about this Very eloquently today and very elegantly in his column endorsing McCain.
I have it in a stack.
I'll share it with you.
There are probably other names that I am leaving out here of Republican moderates who have fled and joined the Democrats and Obama for whatever reasons.
I say good riddance.
And this is why I said to you earlier the week, I don't care who wins this election.
The task at hand is going to be rebuilding the conservative movement.
And making sure that the Republican Party is its home.
Because the Republican Party hierarchy, big Whigs, people running McCain's campaign, they have proven they haven't a clue how to win an election.
They have proven they have not a clue that they understand the American electorate.
They have proven they have not a clue what it is that inspires people to support their party and go to the polls and support them.
When I saw the Weld thing today, I just I smiled and I fired it off a note to all my buddies, and I said, wait, wait, wait, wait, wait, wait.
How can this be?
How could this be?
I mean, this is the kind of guy that our candidate was supposed to be attracting.
And we were supposed to be getting all these moderates from the Democrat Party, and we will, by the way, we're gonna get we're gonna get some rank and file average American Democrats that are gonna vote for McCain.
But these hoity toity bourgeoise, well, they're not the bourgeoisie, but they are in a sense.
You know, they're they're they're following their own self-interests.
So I say, fine.
They have just admitted that the Republican Party big tent philosophy didn't work.
It was their philosophy, it was their idea, and these are the people, once they steered the party to where it is, they're the ones that abandon it.
We have noticed.
Fred Barnes has a column at the next issue of the Weekly Standard about her future.
Let me just give you one little pull quote from this.
He asks her what her role in the Republican Party future is going to be.
She says, I don't know what kind of role the Republican Party would want me to play.
Well, make her the head of the party for one thing.
Might be a good idea.
In the past, I've not been one to be considered for anything by the hierarchy of the party, certainly not in my state.
In some sense, I ran against my party.
And she's doing it again now.
She's running against her own party.
Then she said this.
I would love to promote the party ideals if we're going to live out the ideals and maybe allow other American voters to understand what the principles of the party are.
We've got to be assured we have enough people in the party who will live out those ideals.
It's not just rhetoric.
Otherwise, I'd be wasting my time.
There are a lot of things I would and should be doing.
So what she's saying is, I'm not going to be a Republican if they're not going to be Republicans.
I'm not going to beat my head against the law.
If we're going to have a bunch of just flourishing rhetoric people, if we're not going to have people in the party who actually live it and believe it, I'm not going to be part of it.
This is Sarah Palin to Fred Barnes, and that, ladies and gentlemen, is why the rebuilding of the conservative movement, even if there is no direct leader in charge of making it happen, it'll happen by default, because it's going to have to.
Even if McCain wins, even because what's good.
If McCain wins, Colin Powell is going to come running back?
Bill Well going to come running back?
Hell yes, they will.
Hell yes, they'll come running back.
They'll do everything they can to stay in the circle of power.
Of course they'll come running back.
And all these people are at it for self-interest.
That's what Sarah Palin's saying.
She's not in it for self-interest.
The party better be with the party is, or I don't have any future in it.
Nobody.
We're going to rebuild it even if McCain wins.
We're going to have to.
And these people, these moderates who wanted the big tent, they have taken the party exactly where they said they wanted it to be.
And when it got there, these little cowards jumped the ship.
I have lost all respect for these people.
And folks, when I said at the beginning of this, and I want to turn around and pat myself on the back, it's because I and so many like me knew this exact thing was going to happen and tried to warn people about it during primaries and so forth.
I am not happy it's happened except for one reason.
We flushed them out.
We found out they're not really Republicans and they're by no means conservatives.
And now they're gone.
Now the trick is to keep them out.
By the way, another one of these Republicans, uh, these moderate Republicans that's fled the party to endorse Obama's Kenneth Edelman.
And you may not remember Edelman, he was uh he was big in the arms control era under Reagan and uh and Bush 41.
And he has abandoned uh uh McCain and the Republican Party to head over to Obama.
And there's a post at National Review Online in uh the corner blog, and in which somebody who knows Edelman, a professor, you know, sent uh a note to somebody at National Review and said, Look, I had a conversation with Edelman, and I couldn't believe what he said to me.
He said after he announced his endorsement for Obama, he actually said to me, and I really hope Obama's lying about what he intends to do policy-wise.
Proving these endorsements are not about substance, it's about style.
It's about intellectuals joining up with intellectuals.
It's about the smart people hanging together.
I hope Obama's lying.
Chris Buckley said, Well, yeah, I like his written great books.
He's got to have a great mind, but if he goes lefty on me, I won't like that.
If he goes lefty on you, Chris.
The only question in my mind is who taught who who?
We've all been believing that Jeremiah Wright poisoned Obama's mind.
I'm beginning to wonder after hearing this audio coming up if it wasn't Obama that poisoned Wright's mind.
I mean, Wright was a Marine once.
Let's go back to this audio.
Here's Obama describing in 1995 how redistribution of wealth will ensure all of our salvation.
Listen here as Obama explains his redistribution of wealth is to save the African American community so he can ensure his own salvation.
I worked as a community organizer in Chicago, uh, was very active in low-income neighborhoods, uh, working on issues of crime and education and employment, uh, and seeing that in some ways certain portions of the African American community uh are doing as bad,
if not worse, uh, and recognizing that my fate remained tied up with uh their fates, that uh uh that my individual salvation uh is not gonna uh come about uh without a collective salvation for the country.
Um unfortunately, I think that recognition uh requires that we make sacrifices, and this country has not always been willing to make the sacrifice that necessary to bring about a new day and a new age.
I think when you spread the wealth around, it's good for it.
Juxtaposing these 95 comments with recent comments that uh that he has made.
So uh redistribution of wealth is to save the African American community so the country can be salved, uh uh has a salvation and in his salvation can be assured as well.
Ms. Barack Obama, 1995.
Now, this section starts and ends with uh Obama clips from this year's campaign with a 1995 clip in the middle.
And he believes here that we have to use the government and your money to fix the racial wrongs in this country.
Again, now the start and end here are Obama clips from this campaign.
The middle is Obama from 1995.
In the last year, African Americans have lost their jobs at a faster rate than at any time in a quarter century.
That's a wrong that needs to be made right.
There's a certain race weariness that confronts the country, precisely because the questions are so deeply embedded and the solutions are gonna require so much investment of time, energy, and money.
Unfortunately, we've got caught up in an ideological battle where one party says the only way to create job opportunities is through the marketplace, and government should not be involved at all.
Whereas my argument would be we also have to make sure that people are trained for jobs, that they've got child care uh so that they can go to a job, that there's affordable housing in those areas where jobs are being created, that entrepreneurs in minority communities are getting financing to create their own businesses and to create jobs in those communities, and all of those involve not just individual responsibility, but also societal responsibility.
So all of this is about redistribution, it's all about taxes, it's all about readdressing wrongs, it's all about getting even with people who uh screwed people in advance.
Finally, uh, ladies and gentlemen, this I guess you could say this is this is what Obama thinks about America.
He compares what happens here in the United States to genocide in other parts of the world.
All of this is from 1995.
Because I think of the problems that African Americans face in this country, we tend to have a sanitized view in the African American community about what is going on in Africa.
And the truth of the matter is that many of the problems that Africa faces, whether it's poverty or uh political suppression uh or ethnic conflict uh is just as prominent there.
And can't all be blamed on uh the effects of colonialism.
Uh what it can be blamed on is some of the common factors that affect uh Bosnia or uh Los Angeles or uh all kinds of uh places on this earth, and and that is uh the tendency for one group to try to uh suppress another group uh in in the interest of power or greed or uh resources or what have you.
Don't forget, Jeremiah Wright, white man's greed is what Western civilization and culture are.
Los Angeles is Bosnia, ethnic cleansing.
Mm-hmm.
Mm-hmm.
Now, no, he's not talking about Democrats, Mr. Snertley.
He may you may think he's talking about Democrats, but he's talking about he's talking about the inherent injustice that is America.
Of course he's not talking about a Democrats here, uh, although he is.
I think of the problems African Americans face in this country, we tend to have a sanitized view in the African American community about what's going on in Africa.
And the truth of the matter is that many of the problems that Africa faces, whether it's poverty, political suppression, ethnic conflict, just as prominent there and can't all be blamed on the effects of colonialism.
What it can be blamed on is some of the common factors that affect Bosnia or Los Angeles or all kinds of places on this earth, the tendency for one group to suppress another group in the interest of power or greed.
Now he's talking about whites versus blacks here.
This is whites suppressing blacks, the Bosnians suppressing, you know, the uh the the Serbs and the and the uh and the coast the the whatever.
Wherever there is genocide, of course he left out uh Rwanda.
And it leaves out Darfur.
He leaves out where there is genuine genocide going on, where it's black on black.
So he's clearly setting up this is why I say who taught who what?
Says he never heard what Jeremiah Wright said.
My question did he have to?
Did he ever have to hear what Jeremiah Wright said?
This is 1995.
Did he ever have to hear what Jeremiah Wright said in order to believe what he believes?
There's a graphic at the end of this video that says, which group are you part of?
Did you suppress anyone for power or greed or resources?
If Obama thinks that you're part of the bad group, you'll be getting his goodies or you or will you be paying for them?
You can find the entire interview and then they'd give a website here where you can go the entire interview.
And then let's play cut seven again.
He was asked in Good Morning America today if he has any regrets about what he said to Joe the Plumber about spreading the wealth.
Not at all.
Look, if John McCain's best argument is that he wants to continue the same Bush tax cuts for the very wealthiest Americans that in 2000 he himself opposed.
And in the meantime, fails to give tax cuts to a hundred million people in America that I would give tax cuts to.
John McCain's gonna have some problems because the American people understand that the way we grow this economy is from the bottom up.
Well, is that is that really right?
We grow the we grow the economy bottom up.
The only way we grow the economy bottom up is if the bottom is given things, because they obviously don't have anything, they're poor.
Look at if if if uh if economies were built bottom up, wouldn't Mexico be the number one economy in the world.
Wouldn't it?
If if economies were built bottom up, wouldn't Cuba be an international superpower.
If economies were built bottom up, Folks, we wouldn't have a prayer against sub-Saharan Africa.
If economies were built bottom up, Soviet Union would now have walls all over the damn place.
This guy is a pure unadulterated socialist.
He is unapologetic, and no matter how far back you go in his adult life, you find consistency, and he does not regret it, doesn't apologize for it.
And note almost all of his beliefs are grounded in a rage and anger over racial division, and yet if we bring that up, we're called the racists.
Also, uh, ladies and gentlemen, Barack Obama, as you know, but I want to break a promise.
Calls will be the first thing in the next segment.
We're not going to get to them this year.
I broke a promise, I'm sorry, but we'll get to him as soon as we can in the next segment.
Barack Obama went to Hawaii.
He's there now.
He went to visit his grandmother.
He did not she's dying.
The story is his grandmother is dying.
She has all of her faculties, but she's fading fast.
He did not take the wife and kids.
Michelle nor the two kids went to Hawaii to see the one who raised him.
No cameras, no pictures, no video.
He spent an hour with her yesterday and is spending time with her today.
Ladies and gentlemen, the stock market today is also gravely ill.
And I, El Rushbow, would very much appreciate all of you conservatives taking time away from the campaign.
Right now, to go visit the gravely ill market.
We'll be back after this.
We're going to start on the phones here on the uh EIB network, the Rush Limbaugh program in Fort Lauderdale.
This is Christine, and it's nice to have you here.
It's a pleasure to speak with you.
Thank you.
Um, I take offense to Barack Obama's comments, which you just played again, that he feels we grow the economy from the bottom up.
Yeah.
Um, you know, one of the first rules of life that I learned is if you're going to go out there and speak about something, you better know your audience.
And Mr. Obama has not done his homework in with regards to small businesses.
You know, my husband and I are a small business, we are small business owners.
My husband's been in business for 20 years in South Florida, and he's pretty successful.
But the reason Barack Obama doesn't understand what we go through is because he's never run a business or his wife.
He's never had to run a business for profit to support his family or other families that work for him.
He thinks making over $250,000 is rich.
It's not.
He does not take into consideration the financial risk small business owners take every day to open their door.
Let me stop you right here and agree with everything you have said and add this.
Nor does he care.
All Obama knows is that for every small business, there are five or six other people that at least work for one, if not more, and those are the votes he wants.
He wants your employers or your employees resenting you.
He wants employees resenting big corporations they work for.
Well, these employees, though, need to pay attention because I'm going to tell you what's going to happen.
Small business owners are smart.
They don't stay in business and do well and employ people by being stupid.
Some years are good, and when that happens, we're very careful to save for the years that are not so good when we have to reinvest in our businesses.
We pay workers' comp, we pay liability, we pay health care, we give good bonuses at the end of the year.
Now, what I want to ask is if he's going to redistribute my earnings, okay.
Is it safe to assume then that he's going to start redistributing my risks?
You know, we're partners now, right?
So now he's in my business.
No, but but but again, I'm I must say that I I totally agree, and I endorse and I love your your reasoning here.
But uh, as far as Barack Obama's concerned, your business is a success because of your employees, not you.
Yeah, but there will not be any employees, Rush, because what's going to happen.
Well, that's okay too, because then the government will take care of them and that's what Democrats want.
and they and when that happens, they want to be able to blame you as they have been for years for being greedy and selfish and not employing people and sharing what you have, your wealth and so forth, even after you go out of business.
But the employees need to be careful what they wish for.
Because what's going to happen is business owners know what their limits are.
We know exactly where we need to be to not exceed 250,000 a year.
We're not going to continue to hire people if I'm going to give my earnings to to Barack Obama.
Well, we're not going to be able to.
Even lay some of them off in uh in order to uh uh uh stay in business in the first place if his tax increases happen as he promises.
But that's what the the employee needs to understand.
It's not this beautiful picture that's trying to be painted for them.
Well, but see once I I totally agree with you, but then there's another thing that you're not factoring, and that is the employee free chest free uh free uh choice act.
Right.
Which will allow your employees to come in and unionize your small business.
Right.
With a private ballot.
Right.
Uh or an open ballot, rather, where they can be intimidated by union bosses into doing it.
And then uh if they want, then they can just unionize your shop and then all quit and leave and so forth and leave you hanging.
Uh th there's you're you're gonna have uh a lot of obstacles.
If Obama succeeds in getting everything he wants here, you're gonna have a lot of obstacles in your way.
We all are.
Well, absolutely.
But these employees need to understand too.
They will lose jobs.
There will not be jobs to go to place the jobs.
Do you tell them?
We have.
We have.
I mean, we have some people, I will say we've got a great group of people that work for our company.
How many employees do you have in your small business?
Right now we have fifteen.
You have fifteen employees your small and you've sat them down and you've told them.
Oh, we have Yeah.
My husband is not shy about explaining to them, you know, just basically how the company runs.
Did they believe you?
Um, you know, some of them absolutely.
They get it.
They really understand it.
And they, you know, they're not out there making a huge amount of money, but they really they're, you know, they swing a little more conservative.
They understand it, but then we have other folks on the other side that, you know, are very um you know, they were homegrown Democrats, and they feel that's just the way that it is.
They feel that they're gonna get this change when Barack Obama's elected.
What change are they expecting and and uh Well, they feel that, you know, basically, you know, we're gonna get ours.
That, you know, we're gonna realize what it's like to live their life, which I mean they're living great lives.
Do they really think that I mean I I do believe that.
I do think that's the same thing.
They really think ch they they think change means that they're gonna change places with people that have more money than they do.
Well, I think they think we're all be equal.
I think they do.
And I don't think they understand is that no, we won't be.
I mean, I you won't have a company to come to.
If they think that, here's what you need to tell them.
And I'm dead serious.
Because and then th there's evidence, I mean, that the way the Democrat Party is equalized all of its constituents now except for the rich leaders.
You tell them, all right, let me tell you how Democrats equalize people.
Yes, what you what you say to your Democrat employees.
Let me tell you how they equalize people.
They don't try to elevate people who are on the lower end of the scale uh to reach the higher.
What they're gonna do is take away from everybody above you and redistribute that so that your everybody will be equal with where you are.
Your life is not gonna change, but a lot of other people's will change and will be brought down to your level.
And see what they say when they find out change does not mean that their own economic circumstance improves.
Yeah, you know, it's definitely I mean, we're trying.
You go for it.
Uh look at it, the evidence is everywhere.
Outcome-based education.
If some stupid kid thought two plus two was five, it was five until the kid finally figured out it was four.
We couldn't humiliate the kid.
We have in certain in certain public schools, the high achieving kids don't get special in fact it's it's we can't humiliate the other kids who are not quite as smart, don't quite perform as well.
Uh Democrats punish achievement.
And if they think that everybody I can't if they think everybody's gonna be equal.
The only way that can happen is if we're equally miserable.
So you can tell your small business employees.
You can ask them, okay, are you miserable?
I mean, n not with me, not with the boss, not with not with our company, but are you just miserable in general?
Yeah.
Well, Democrats are gonna spread that around.
Everybody will be equally miserable.
If you think their change involves you getting happy, forget it.
Unless you want to be happy because other people are getting screwed.
That's the Democrat philosophy.
Well, I'm glad you called out there, Christine.
Uh and hang in.
Hang in.
It's gonna be a challenge, but this is what we're made for.
This is what we're made for.
Ruth is next in Williamston, South Carolina.
Hi, Ruth.
Hi, Rush.
My hero.
I almost pulled my hair out a little while ago, though, when you were talking about the 401ks.
Is that not I'll tell you that forget all this other stuff.
Everybody's got a 401k.
Everybody a lot of m they've all well, not most, but maybe a lot of people.
We've got an investor class now.
Exactly.
And the govern the government wants to come in and take it over and make it part of social security.
And this is where I almost pulled my hair out, because if they do that, they're gonna get 215 or 65 dollars to die.
And that rest of that 401k is not going to be their estate.
It's gonna go right where Social Security's at.
They're not getting anything.
My son is 31.
Before the economic crash happened, he had 37,000.
It dropped to 29,000.
I looked at him and I said, sit still.
Don't do anything.
It's election driven.
The whole thing, all of this stuff right now is election driven.
Um there's a young lady who used to work for me when we had our company.
We had a we had a four-business company, and she went to work for the company that bought us because I now take care of my 94-year-old mother.
But anyway, I and she called me and I said, Sit still.
You're 30 years old.
He's 31.
I said, sit, this is election driven.
But come January, I will go in there and take a look and see what he can adjust.
He made 14.3% in 2005.
He made eleven point nine percent in two thousand six after the great ones took over Congress.
Yep.
Here's another thing to tell them.
I meant it a moment ago when I said our the markets are gravely ill.
We need to take time out from the campaign and go visit the markets.
Yeah.
But we need to go out there and buy.
We need to go out there and fool George Soros and tell him he can't buy the election.
What is the most recent market crash as they define their most recent market crash, 1987, right?
Right.
The market fell 22%.
It fell from wherever it was down to uh what was it, 37 to 1,600 or something.
Right.
If you bought into the market in 87, you are still ahead of the game.
It's a long-term proposition buying into the stock market.
Uh i it it at some point, you know, if you bought in at uh in the eighty-seven bottom, then you you you got as high as 13,000, then down to ten or eleven.
Now it's at a little over 8,000.
But you're right, it will come back.
Yeah, it's election driven.
It's strictly election driven.
Even there are stuff.
Even if it's not election driven, it'll come back.
Yeah, but I think it's election-driven a lot of it.
Explain how that could be.
Well, I think that some of it being that when they look at, oh my God, if we're going to get Obama, we got to get out of it now.
Or we're going to, on the other side.
Now, this is the conservative people or the people that aren't looking and thinking ahead, okay?
But they're saying, oh my God, we we cannot let him take over what we've got, so we gotta get it out.
Okay?
That's number one.
It could be driven that way.
Or secondly, it could be and the fact that he wants to ruin small business, he wants to ruin capitalism in America, he wants to destroy what Washington stands for, what all of the monuments look at, and what we actually see when we go to Washington.
He wants to destroy that.
Okay, or secondly, we're looking at the ultra-liberal dudes that have got money, and they can go in there and they can play with the stock market and let it go up one day, and then when it goes up a day and a half later, they're in there and they start jerking things out to drop it to panic people into doing this and saying, Well, the only savior we've got is Obama.
I love your thinking.
I like the way you think, Ruth.
These rich liberal dudes manipulating the market, pulling things out, putting things back in.
And uh, we'll see if you're right that shortly after the election things start to normalize a little bit.
Oh, yeah, I think it's going to.
And I told him, I said, wait till January.
Just wait till January.
And and don't worry about anything.
Hey, Ruth, best of you and to your mother.
And I love you, Rush, and we own we get the we get the limbaug letter.
And I give it for Christmas too.
Great.
I I love you.
Thanks for the call.
Okay, okay, bye bye.
We'll take a brief break and be back.
Open lines Friday rolls on after this.
I'll tell you, folks, Barack Obama's one.
He must have something on Hillary or must have made her a promise.
Because he's gone for two days to Hawaii to rummage through his grandmother's attic looking for any evidence.
And he's turned over to campaign in Pennsylvania and Colorado Day.
who has a vested interest in his losing.
I'll bet he's promised her Supreme Court.
She's of course she says she doesn't want it under any circumstances, but uh she's promised her something.
Secretary of Health Human Service and do the health care thing all over.
Who knows?
But turning over her camp, his campaign to her.
This is all right, Ann and Las Cruces, New Mexico.
Nice to have you on Open Line Friday.
Hi, Rush.
What an honor to talk to you.
A long time listener.
Thank you very much.
Even have my children turned into you too.
Well, terrific.
Uh, when you start talking about Social Security in the 401k, the first thing that came to my mind was, okay.
Joe is going to turn over $55,000 because that's what it was worth in August.
And they give him his little piece of paper, and two months later, Joe dies.
What happens to his $55,000?
Nobody gets it but the government.
Well, no.
Uh according to plan, half of it would go to his heirs.
Oh, so it's already diminished in value, though.
Yeah, but it would it it it would be subject to the death tax, even though the government has it all.
I gotcha.
Yeah, that's let me uh let's see.
Let me where is that part of this?
Uh yeah, it would go to the heirs.
Half of it, that's the sweetener.
Half of it would go to the um to the to the heirs.
So if he dies two months later, uh, whatever his plans were, 50,000, 25,000 of it would go back to the heirs.
And the other the other half of the portfolio is kept by the government.
That's very interesting.
Of course, nothing is brought out about that.
And as you say, as the other woman said, oh, you might get 250 or 265 towards burial.
Thank you.
Nobody's talking about look at this, it's the whole point.
James Taranto found this at the Wall Street Journal's best of the uh best of the web today.
This is this has all taken place as before congressional hearing.
Oh my goodness.
This is this is already being discussed by Democrats that run the House Committee that will that wants to do this.
They want to take over your 401ks, and they want to put it in Social Security and your for and eliminate any subsidy you get for whatever contributions from your salary that you make toward your 401k.
That would be gone.
So your 401k gets taken over by the government, gone as the tax deduction subsidy, uh, and then it gets added to your social security, and they're going to invest your 401k, not in the stock market, but in government bonds at 3%.
So whatever your social security check is when you start retiring, it will be added to by whatever amount is in your 401k, and you'll get one check, and it'll be from your benevolent friendly government from the Social Security Administration.
Okay, and well, part of this 401k that you're gonna turn over to them, these people who now are going to be getting this tax break from Obama because they pay into FICA, but nothing else.
Uh, I guess they'll be getting sharing into the distribution of your 401k.
Well, that's of course that's where they need all the money to do this, but you got the terminology wrong on one thing, Ann.
Okay.
You're not gonna turn over your 401k to the government.
They're gonna come take it.
Oh, gotcha.
You gotta understand how this happens.
You're not gonna turn it over.
They're gonna come take if this happens and Obama signs, and if there are not enough Republicans in the House or Senate to stop stuff like this.
This is they're gonna they're gonna come take it.
And it's all gonna be for your benefit, by the way.
Oh, naturally.
That's what oh, yes, absolutely.
They'll they'll tell you it's all for your benefit.
Folks, by the end, thanks very much for the call.
By the way, in an exclusive story in the Washington Times that was posted late last night.
I happen to see it late since for the paper today, but I was doing show prep.
Uh I hate to do it, need to pat myself on the back again.
Another see I told you so.
Headline: Senator Kennedy secretly crafts health care plan.
From his sickbed, Senator Edward Kennedy has secretly been orchestrating meetings with lobbyists and lawmakers from both parties to craft legislation that would greet the new president with a plan to provide affordable medical coverage to all Americans, a measure Senator Kennedy called the cause of my life, while at the Democrat convention.
He's been sidelined for months with his brain cancer, but he's been talking on the phone with people.
And this is how this stuff works, folks.
All of this stuff happens exactly as we tried to tell you.
All these big laws that affect us so fundamentally, written behind closed doors with the left, and we end up having to respond to them as they plow forward with these things.
This process is rigged from the get-go.
Oh, one other thing, the last line of this story.
A guy named Rother says, Yeah, there is this real feeling.
Let's do it for Ted.
Told you, national health care in honor and in name of Ted Kennedy.
That will be the impetus.
The left use it to move it through Congress.
We'll be back.
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