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Dec. 17, 2008 - Rush Limbaugh Program
36:37
December 17, 2008, Wednesday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
Look, I know when we were talking about the drive-bys that Obama is going to be the man of the year, did you hear what that idiot from Time magazine Stengel said, Richard Stingley?
He said, the man of the year award for Time magazine was created for a guy like Obama.
And I want to know how in the world I cannot be considered for man of the year.
Using the age-old definition of man of the year, it's not the most popular.
It's not the most revered, loved.
But if we're crying out loud, virtually everybody in Washington politics is trying to destroy me.
Now, there's got to be a reason for that.
And I ought to be, I ought to just declare myself man of the year.
I should have won the Nobel Peace Prize.
Greetings, my friends, and welcome.
It's El Rushbo.
We are coming to you today, live from high atop the EIB building in Midtown Manhattan.
Great to have you here.
The telephone number is 800-282-2882, the email address, El Rushbo at EIBnet.com.
Coming up today, I have some impassioned things that I wish to say about the Madoff.
By the way, I have not heard his name pronounced.
Is it Madoff or Madoff?
However, you're hearing people pronounce it Madoff.
I guess then the joke is Madoff, Bernie Madoff with, but I'm not trying to purposely mispronounce his name.
I just haven't heard it pronounced in the media.
But this whole business of credit and people with their hands out and begging and asking, it's about to wear me out.
And I want to get into why in some detail as the program unfolds.
Now, last night, ladies and gentlemen, I had the honor of once again being invited, and thus I attended the White House Christmas party.
President and Mrs. Bush, they do this three times a week for a couple of three weeks, and every night is a different group of people.
And last night was the media, the media's turn to go in.
And it's always, I'd say, it's so gorgeous the way they decorate the White House.
So we arrived, and it was a cold drizzle, flirting with a hard rain.
We had the umbrellas and walked in.
And even with that, it was just gorgeous in there.
The way the White House is decorated, it's Courier and Ives.
It's Norman Rockwell.
It's just, it's breathtaking.
It's a shame that a lot of Americans never really get to see it in person other than if they watch documentaries or television specials that illustrate the way the White House is decorated.
And I ran into a lot of people in there last night from both sides of the aisle.
And it's always, yeah, what are you saying to me?
Ida Snerdley was there last night.
He said, you're right.
I wasn't going to mention it.
I wasn't going to mention that, Snerdley, but now that you've put it out there, he says, Snerdley was marveling while watching.
He had pointing out that I had crowds around me like I was the vice president last night.
But I have to tell you a funny little story.
Roger Ailes and his wife Beth and their eight-year-old son, Zach, were also there.
So we teamed up.
We happened to get the same color-coded ticket to get in line for the presidential photo.
President and Mrs. Bush stand downstairs near the east entrance of the White House for what is easily two hours.
And they do this three days a week.
And they actually do it four hours a day because there's a party from four to six in the afternoon and then a party from seven o'clock to nine.
And last year when I went to the line, I said to the president, you earn your salary doing this.
He said, oh, no, no, no.
I like it.
I really like doing this.
So Ailes and I were there, and we decided to team up when we went through the picture line.
Ailes and his lovely wife Beth and son Zach, who will turn, I think, eight or nine on the 1st of January, will it's nine because eight.
He was born in Y2K, born in Y2K.
So they're in line in front of us, and we've got Catherine, Kevin Rogers, the lovely and gracious, the most beautiful, with me, and we're standing behind him.
And then there's all kinds of other media people behind us in line.
And as, you know, Ailes walks up to the President and Mrs. Bush, and the president opens his arm, whoa, look who's here.
And they start chatting and talking and so forth.
And after a while, I finally shouted.
I say, hey, can we move this line on, please?
And Bush turned around and had a smile on his face and said, quiet, Limbaugh.
Ailes and I are conspiring.
So they posed for the picture.
They took the picture.
Then Catherine and I got up there.
And I introduced Catherine to President Bush.
I said, Mr. President, this is Catherine Rogers.
And he took a step back.
His eyes got wide.
He said, no.
The Catherine Rogers.
It was the funniest, it was the funniest thing.
We posed for the picture, and we moved on and saw a lot of people.
We were the last.
I went up to the uniformed people.
They have Marines and other people inside the White House that are running around helping the traffic flow and so forth and keeping people from getting lost in the place.
And it was about 8:40.
And not wanting to be rude, I went up and said, When do you guys start trying to nudge people out of here?
He said, In about five minutes, sir.
So I took that as a cue to start making the way toward the door.
But it was just great fun, and I'm very appreciative of the invitation because who knows when, if ever, ladies and gentlemen, someone like I will be invited back there again, other than for an interrogation.
So it was a thrill and a great opportunity.
And I really do, I wish people had an opportunity to see it in person.
Now, there are two Senate seats up for grabs.
And of course, we know there's controversy surrounding the Senate seat in Illinois being vacated by Obama, who, by the way, made two more cabinet appointments today.
Tom Vilsack, the former governor of Iowa, is now going to be the Secretary of Agriculture.
And Ken Salazar from Colorado, with whom we have had several run-ins this past year.
I don't even remember what about.
Oh, yeah.
Oh, he tried to block drilling in the Great West.
Well, it may be a bit harsh, Mr. Snerdley, to say that he lied about it, but they've got all kinds of oil reserves, and he's doing his best to block it.
Now he's going to have easy access to blocking it as Secretary of the Interior.
He's leaving his Senate seat.
So now we've got another Senate seat to be filled, this time by Democrat governor in Colorado.
But the two Senate seats that, of course, are causing controversy, Obama's seat in Illinois, and this Blagoyevich thing, it just keeps surprising us each and every day.
Wonderfully so, ladies and gentlemen.
Now his lawyers out there say, what is all this caterwalling?
He hadn't done anything wrong.
And in the legal, strict legal sense, he hasn't.
They stepped in there and they stopped the sale of the Senate seat.
So there has been no felony committed.
All they've got him on wiretap saying this or saying that, but nothing actually happened because they stepped in and stopped the investigation.
They don't have any money for a special election.
They're really tied up in the Illinois legislature because they want the guy to quit.
He won't quit.
Now they're talking about impeaching him, but then they got to do a trial.
And if they have a trial, then they've got all kinds of things that might come out of the trial.
They don't want anybody to know.
And then they're looking at a special election.
And the reason they're worried about a special election is that this controversy encompasses exclusively Democrats.
So the special election might produce a Republican winner who would then occupy the Senate seat vacated by the Matthiah, Barack Obama.
And now they're a little upset in various sectors of the black community in Illinois.
From the Chicago Sun-Times today, black leaders see Senate seat being hijacked.
Now, I love that headline, ladies and gentlemen.
Senate seat being hijacked, say black leaders.
Well, okay, who exactly is hijacking it then?
That's right, Democrats, if that's what's going on.
Well, that's another thing.
They are acting like it is their property.
This seat is their property.
Once a Senate seat goes to a minority, an African-American, I guess the notion is that it shall remain so in perpetuity.
Here is Laura Washington writing the Chicago Fun Times: Bye-bye black Senate seat.
The political blackbirds are singing a swan song for the hopes of keeping a U.S. Senate seat in African-American hands.
The Rod Blagojevich implosion may have dealt that cause a fatal blow.
Last week's stunning pay-to-play charges led to calls around the nation for a special election to choose Obama's successor.
That possibility has provoked outrage among black community leaders and politicians.
They're saying not so fast.
Last month, the concerned clergy of Illinois, have you ever heard of the concerned clergy of Illinois?
Nor had I, till this story.
The concerned clergy of Illinois demanded that Governor Blago appoint a qualified African American, quote, who can fill this vacancy and who has the speaking of all this, did you know that Jesse Jackson Jr. now says he's been informing to the FBI for what?
Since 2002?
Six years?
He must be one worthless informant.
Look at all the corruption that had been going on in that state, and they haven't gotten anybody on it.
What a rotten informant this guy's been.
At any rate, more on that as the program unfolds today before your very eyes and ears.
The concerned clergy of Illinois says a qualified American, African-American who can fill this vacancy and who has the capacity to be reelected when Obama's term ends in 2010.
The problem is that black leaders were at odds on who should get the nod.
After the blogo bomb hit, U.S. Representative Bobby Rush of the 1st Congressional District of Chicago gave some big love to the beleaguered Senate wannabe, Jesse Jackson Jr.
The minister's group is solidly behind Jesse Jackson Jr.
In an interview on MSNBC, Bobby Rush said, I think that we should have at least one African American in the United States Senate, and I think that African-American should be Jesse Jackson Jr.
What is this sense of ownership?
I told you that having an African-American president was not going to solve anything.
It was only going to exacerbate it out there.
The concerned clergy of Illinois is a cadre of several dozen prominent black ministers who are appalled by the fallout of the federal investigation.
They see it as a thinly veiled attempt by white politicians to hijack the seat, says Stephanie Gadlin, the coalition spokeswoman.
Illinois powers that be are hurtling headlong into election.
Lord, the legislature will convene today to hammer out legislation and mandate an election.
No doubt in a record time, the appointment option is fading fast, although Blago could still do it.
He can still do it.
See, the rule of thumb is that nobody would accept it because of the cloud.
Wrong oh, I guarantee if he nominated Jesse Jackson Jr., he'd swear himself in five minutes later.
White voters don't and won't accept the idea that America and Illinois need and deserve a black senator.
White voters don't, this is from the story.
White voters don't and won't accept the idea that America and Illinois need and deserve a black senator.
So I don't, yeah, this is all about Obama's.
Now, while that's percolating, and that's just part of what's percolating, this is a new wrinkle now, is that the white Democrats in Illinois and Chicago trying to hijack this seat away from blacks over in New York, their fur is really flying over this Caroline Kennedy presumption.
This, this is fascinating.
And then after you get past that, folks, I had planned to spend two days here in New York leaving tomorrow, but when I read the governor's new tax plan, I'm getting out of here in two hours and 40 minutes, and it can't come soon enough.
Your guiding light through times of trouble, confusion, murkiness, tumult, chaos, hoaxes like climate change, impending disasters like the Obama administration, and even the good times.
El Rushbo here behind the Golden EIB microphone high atop the EIB building in midtown Manhattan.
Caroline Kennedy has avoided politics most of her life.
She has yet to utter a word publicly about her interest in running for Hillary Rodham Clinton's Senate seat.
She's not going to have to run for it.
She's going to be appointed to it.
And a sign of the enduring power of the Kennedy mystique.
Even her secondhand statements of interest have spooked the rest of the crowded field before she edged into the picture.
Democrat Governor David Patterson.
And boy, wait till you hear about what this guy's budget and tax increases have planned for people who live here.
It is a recipe for disaster.
Gonna tax music downloads to your iPod.
They're gonna tax radio.
We can't figure out how.
It doesn't specify in the story, but it's gotta be taxing the sales of radio, such as in cars.
Because how do you tax what people listen to on the radio?
They're gonna tax cable television reception.
They're gonna tax satellite reception.
They're gonna tax everything.
They're gonna tax sugar-filled soda pop.
They're gonna tax cigars.
They're gonna attack cars, yachts, airplanes over half a million dollars.
Yachts over $200,000.
There's no such thing as a yacht that costs $200,000.
Dinghies today cost $200,000.
Maybe some fishing, a yacht.
I guarantee a person who owns a $200,000 boat does not think it's a yacht, is still dreaming of having a yacht.
We know what happened the last time they did all this.
They drove people to New Jersey and Pennsylvania to buy things, and they shut down the yacht industry because the yacht workers got laid off.
And they're not doing much cutting of spending on the budget side.
It's just breathtaking.
And the people here cannot afford this.
And doing all of this as we head into a genuine economic downturn.
I'm beginning to think we haven't even hit the tip of the iceberg with this yet, based on some things that I saw.
When I got back from New York last night, I started doing show prep for today's program.
I saw some of the most outrageous requests.
All these universities with all these endowments are now trying to get their hands out into the TARP funds, sending Obama letters asking for money.
Because if they don't get it, they won't be able to build their medical center.
Well, join the club.
If you don't have it, you don't have it.
If you don't have it, go out and earn it.
Run around asking everybody for money.
I'm getting such a sour taste in my mouth about fundraisers.
I just, the whole notion of getting all kinds of accolades and credit for running around with your hand out and saying, please give me this, give me that, give me that.
And then when you do that, I mean, these people that spend a million dollars on a charity party to raise $100,000 and they get themselves into paper for having a nicest clothes and what great citizens they are.
And they give and give and give, hell, they spend a million bucks in a party, raise $100,000, big whoop.
And this has come to light because so many charities have been wiped out or severely hurt by this Madoff scandal.
You know, I'm convinced.
I am convinced.
I've not lost my place on Caroline Kennedy, by the way.
But I am convinced, folks, that with this never-ending and burgeoning, growing by leaps and bounds, credit in our society, credit card credit, personal credit, all of these banks, lending institutions, stock brokerages, whatever, borrowing and borrowing and borrowing with a 30-to-1 leverage ratio, meaning for every dollar you have, you owe 30.
It's absurd.
And what has all this done?
It is effectively, it has raised prices of things beyond what their actual value is if people had to pay the full boat to buy something.
I know in certain instances with cars and automobiles, you have to finance them.
You can't go out and just, you know, plunk it down.
Well, some people can, but I mean, the vast majority of people can't.
We, as a society, decided long ago people are going to have houses.
So we came up with a mortgage.
But you see what's happened to that.
Now, you see, all this stuff is finally coming home to roost.
The point is, all these people and all these institutions who thought that they had all this money and we thought they had all this, they don't have it.
And they never did have it.
What they had was a bunch of borrowed money that they had to pay back with ridiculous leverages and so forth.
Man, it's just, it's scary.
I'll be back.
Stay with us.
Rush Limbaugh pounding, as is the case each and every day here on the EIB network.
Anyway, I'll get back to this financial stuff in just a second, but it's got me worried because nobody has any money.
The people we all thought had all the money don't really have it.
And we're finding this out each and every one.
Some great, big, prominent New York law firm to seek bankruptcy.
Prominent Manhattan law firm scandalized my charges that its founder masterminded a massive fraud.
We'll seek bankruptcy protection, according to a receiver appointed to run the firm.
In a letter to a federal judge, the receiver also predicted that founder Mark Dreyer will soon seek protection as well.
The Securities and Exchange Commission, which is about worthless, they sat by while this Madoff thing was going on.
They were told that people feared a guy was running a Ponzi scheme.
They looked into it and said, now we can't find anything.
People looking at the records now find out the guy was making it all up.
He recorded sales or trades of Apple computer in a specific year at $100 per share.
Apple did not trade at $100 per share during the date range.
The guy said that Madoff said that he was buying it.
It was $90 to $92.
And they didn't, but they didn't even look.
They didn't even look.
And so now the SEC has been notified that Mark Pomerance, the receiver, is going to seek bankruptcy protection.
It's a mid-sized firm, Dreyer LLP, has represented celebrities, including football star Michael Strahan and Judith Regan, the book publisher.
Dreyer's lawyer said his client would cooperate fully with the court-appointed receiver overseeing his assets.
This is something, you know, I think the what commonly referred to as average Americans, the people that make this country work, they have instinctively all of this, this, this massive, massive wealth that's being reported with people with four in five houses and all these all this stuff.
Something instinctively, something about it just hasn't seemed right.
Now we know what's not right about it.
They never had the money.
It's all leveraged or borrowed.
It's just it's and now all these institutions, universities and so forth, who claim they can't go on now.
Everybody happens to be failing at the same moment.
We're bailing everything out.
Do you find that a little curious?
All these massive institutions say they can't go on ever since we appointed the Treasury Secretary, the czar of finances in this country.
It's just it really burns me because the people who have not lived irresponsibly, people who have not leveraged themselves to the point of collapse, if something goes wrong for just one month, they're going to be the ones who have to pay for all this.
They're going to be the ones that are going to become to, oh, you got money, fine.
Your pension plan has money.
Fine.
We're taking it because we've already printed enough.
We can't print anymore without causing serious interest rates.
This, I mean, you talk about a huge gamble.
You talk about a huge gamble.
I mean, this is about the last shot we got giving money away.
Interest rates just barely above zero.
Not, of course, for your credit card.
And not, of course, for your financing of a car or what have you.
Now, this is, people, ladies and gentlemen, people are taking cash out of their money market accounts in banks where they're getting, I don't know, 2% to 6% or whatever it might be.
And they're buying treasuries at practically zero because they're worried the bank won't exist tomorrow.
It's just there's really, if you what's happened, a point I want to make about this before I get into it even greater detail, and I'm printing it into pretty greater detail now, but healthcare is a great example of what happens when market forces are taken totally out of the equation.
External market forces outside of the market then determine the cost of everything.
There is no way that nine out of ten people in this country can afford an average hospital stay.
Somebody else has to pay for it.
Now, the somebody else is them, they just don't know it.
Insurance, whoever, Medicare, Medicaid, whatever the maze, the intricately woven web of financial deceit, whatever it is, the various entities in healthcare get paid.
But if there hadn't been all this run-up in debt and government involvement here, the price for medical services would have to comport with what people can afford, just as anything else in our economy does.
The price of an airline ticket, the price of a hotel room, various tiers of service you can get, the kind of hotel you want to stay in and so forth.
But there is no hotel insurance.
There is no airline ticket insurance.
Most entities, most products are priced based on what people can afford.
And of course, when you go buy a house, you buy a car, you're not really buying the house or car.
You're buying a monthly payment.
You're not saying, yes, I can afford a $50,000 car.
You're saying I can afford a $2,500 a month car payment.
And so you're buying money.
And all of this extended and rolled over debt with these incredible leverages at the financial institutions has led to an inflation of real prices.
Medicare or medical health care is just an example, a band-aid, $300 in a hospital.
Now, that's absurd.
There's no way a free market system would allow that.
But since some entity will come along and pay it, well, who won't charge $300?
And the people charging $300 for the band-aid are still losing money because they too are awash in debt.
And they have to run around to people and say, please build us a cancer center here.
We'll put your name on it.
So some egomaniac who wants his name on a cancer center goes ahead and makes the donation, gets a charitable deduction for it.
We get a cancer center in a hospital, the X and X, so-and-so, Beatrice, and whoever, cancer center, and so forth.
And we wonder if the guy who donated the money actually had it or did he go through Bernie Madoff to make it.
But the point is, I'm not doing as good a job explaining this as I want to, but I just remember growing up, my parents came out of Great Depression.
Say, son, if you don't have the money, don't buy it.
And it always stuck with me.
In fact, the first credit card I got was an American Express card because you had to pay it off in 30 days.
You couldn't roll it over.
The only reason I have credit cards, like Visa MasterCard, is because some places don't take American Express.
I use the American Express every time, and I always have since I first got one when I was 22.
And I've been broke a couple times, but I always vowed that if I owned anything, I was going to buy it.
And I've been fortunate in that regard.
But the fact is that the ability to buy something that costs $50,000 to $100,000 to $850,000 does not require you to have that.
Requires you to have just the monthly payment for it.
I think has raised the real prices of things.
I mean, real prices are what they are, as well as what they cost.
But without all this debt, without the inability of people to spend as much as things cost today, the prices would have had to have been lower.
But we as a society determined that the American dream was owning a house.
And from the moment we did this, I mean, my house I grew up in, I think was $15,000.
There's no way my father could have bought that house for $15,000.
We made a decision that we're going to create mortgages and we're going to loan people money and we're going to give them 30 years.
30 years to pay it up.
Well, now, what does that tell you?
If it takes you 30 years to pay off something, what does it mean that we have made a decision as a society that we're going to let you have something you really can't afford?
And now it's gotten to the point that we let people who really can't pay a dime on these things are let in.
And we've got to bail all these people out.
We can't handle the suffering.
We can't handle the tumult.
There are too many expectations of prosperity in this country.
And I seriously, I've been asking myself, how much of our prosperity is genuine?
And how much of it is fake and phony based on debt that can't be repaid and based on other elements here?
So these are troubling times.
When you look at what this guy in New York, the governor David Patterson, is doing, and it's a microcosm of what's going to happen with Obama.
These guys are going to go ahead with their, despite the trillion-dollar plus budget deficit next year, of everything I can determine, we're going to get a trillion-dollar stimulus package.
Trillion.
Now, folks, we have had in just this year, we've had at least $700 billion of a stimulus package, but we've had more than that because we had, in the spring, we had a stimulus package where everybody got what?
Well, you and I didn't get them snurdily, but what was the size of the check people got?
600 bucks?
No, it wasn't that high.
600, we've got 600 bucks.
Stimulus pays 600 bucks, right?
Where are we?
What did it stimulate?
No, you know what people did?
They retired some of their debt with it, which is all well and good for them, but that doesn't stimulate the economy.
We had a $700 billion bailout that cost us $850 billion $150 additional billion in pork.
And that was to lend, make money of the credit markets fluid again.
The banks are not lending the money, and Paul says, we're still working on that.
But even if they were, where is the stimulus here?
The idea that government, by spending, where are they getting it?
Printing it?
Borrowing it from the ChiComs?
Buying it from Dubai's in the tank.
Dubai's having problems.
Prince Al Saleed, Waladid, Skyhook, Bandhook, whatever.
Down $4 billion in all of this.
I mean, everybody's getting lopped off here.
I mean, Dubai's not in the tank, but all of this, if you look, this, you know, when you take the dollar off the gold standard, for example, this is a, there's nothing backing up the dollar when the dollar is worth whatever the inflated value of it is, when there's nothing substantive behind it.
And you have all these runaway trains here, and we've reached the point where it's all coming due here at one point, and we're going to make it even worse with this trillion-dollar stimulus package of Obama's.
The idea that we've got to go in there and have all this new government spending because we're going to emulate FDR.
Well, the dirty little secret is that FDR prolonged the Great Depression with the exact thing Obama is going to do.
So I, you know, look at these people that have lost all their money with Madoff or a portion of it.
And I wonder, did they ever really have it?
I mean, they did, but was it really solvent?
Madoff would still be flying along, folks, if people hadn't gotten nervous, some of his clients, and asked for $7 billion out of the market.
They thought he'd put their money in the market.
They wanted $7 billion.
He didn't have it.
And that's when the whole thing imploded.
Well, how many other people, if they went and asked for what is theirs, would be told not there?
And not because of fraud, not because somebody's stolen it from them.
It's because it's not there.
It's not starting a run.
I'm not starting anything here.
I am reflecting what's already happening.
Look at, I didn't start anything.
I told you, people are already taking, some people are taking money out of money market accounts and putting them in treasuries for zero return because at least the principal will be there.
They're worried about the banks.
With the drive-by news every day, who wouldn't be worried about the banks?
At any rate, I have not lost my place.
Caroline Kennedy.
We'll be back.
Two Towns.
Sandy Claus.
No, no, no, no, Sturdly, I am not, don't misunderstand here.
I am not criticizing or ripping debt as a concept.
I understand in certain instances, it makes all the sense in the world to use other people's money to do something.
And I realize that we would not have big buildings.
We wouldn't have a whole lot of things without people taking risks and going into debt.
And so what I'm talking about is ridiculously leveraged debt, leverage ratios of 30 to 1, which is what we've had in these markets, which is one of the things that's led to all this collapse, the stock, you know, selling all these mortgages, the subprimes, and then the derivatives, and leveraging everything at 30 to 1, and then having to go out and sell insurance on that debt.
I mean, it's just, it's absurd.
It's obscene.
Some of these people taking on debt never intend to pay it back.
That's the whole point.
They don't think they're ever going to have to.
Just keep rolling it over.
And then all of a sudden, a day like this comes.
Sean in Kalamazoo, Michigan.
Welcome to the EIB Network, sir.
Nice to have you with us.
Hello.
Hey, Rush.
Thanks for taking my call.
Yes, sir.
Have a wonderful holiday.
It's a real pleasure talking to you.
Appreciate that.
All of my childhood, my father taught me the value of working hard for a dollar.
As a result, I work two jobs currently to support my family.
Yes, sir.
What I'd like to get better at is working smart.
And in all the years that I've listened to you talk about being a motivated self-starter and being self-reliant, it's occurred to me that the one thing I don't know how to do is to spot and identify an opportunity in the marketplace and how to capitalize on that.
Well, now that is an excellent question.
That's not the kind of thing that they teach you in public school anymore, of course.
Well, I don't think, I don't know that they ever did really.
Schools were not about entrepreneurs, they're about conformity.
We could have a discussion for a month of Sundays on that topic.
Well, I know, but look at it.
I mean, you're going to bring 1,200 kids into a building and you're going to ostensibly teach them.
You've got to have some conformist standards.
You can't have a bunch of renegades running around that you couldn't keep control of place.
But look, this is one of the interesting things.
Most people in this country are raised under the concept of thinking of themselves as an employee and that their improved living condition, standard of life, living or whatever, will come from raises or from a new job here or there.
And that's all well and good because some people want no more than that to be an employee.
Other people have this desire to not be constrained as an employee and rather want to take risk and what they have done.
It's not about people specifically having a talent for spotting opportunity.
I don't have that.
What I had was sheer 100% love and passion for what I do.
And nobody was going to stop me from trying it.
Nobody was going to tell me it couldn't be done.
And they did.
It happens to every entrepreneur.
Everybody in the world is told your idea won't work.
So I'm not unique there, but I just, most people's passions, their real passions in love, end up being hobbies.
So find a way to get somebody to pay you for doing your hobby or your passion.
That's where you'll find opportunity.
Okay, folks, that's it for the first hour.
We'll get this Caroline Kennedy thing at some point here.
I mildly care about it.
It's entertaining more than anything else.
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