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Jan. 1, 2009 - Rush Limbaugh Program
37:16
January 1, 2009, Thursday, Hour #1
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Welcome to today's edition of the Rush 24-7 Podcast.
Please stand.
Thank you.
Be seated, please, thank you.
Live from the Office of America's Anchorman.
It's Rush Limbaugh and broadcast excellence.
From the EIB Southern Command, great to have you with us here, folks.
800-282-2882.
If you want to be on the program, the uh email address is 8 L Rushbo at EIB net.com.
Have you seen their rioting in Reykjavik?
They are rioting in Iceland over the financial crisis.
They have really been whacked by it over there.
Well, they want the people responsible for it, i.e.
their government leaders, whacked.
They want them thrown out of office.
Iceland has really been hit hard by this.
I don't know what they did.
Uh, but the tentacles of the subprime crisis.
I mean, the question really needs to be asked, ladies and gentlemen, is Ben Bernanke Toast, the chairman of the Federal Reserve.
AP Obama had this story yesterday, and the headline says it all.
Bernanke says he erred engaging mortgage fallout.
Ben Bernanke, who is toast, acknowledges he was wrong in believing that there would be limited fallout to financial markets from the subprime mortgages that soured after the housing market's collapse.
Wait a second now.
Which came first here?
The housing market collapse then showed us risky mortgages, or was it the risky mortgages that led to the housing market collapse?
The New Yorker magazine has an article, their December 1st issue.
Bernanke says, I and others were mistaken early on in saying that the subprime crisis would be contained.
The causal relationship between the housing problem and the broad financial system was very complex and it was very difficult to predict, he said in a piece that's titled Anatomy of a Meltdown.
Subprime mortgages made to people with tarnished credit or low incomes were especially hard hit once the housing boom went bust.
Now who look at how stupid does AP Obama think we are.
Everything was fine with subprime mortgages, everything was hunky-dory, everything was peachen, lending money to people who couldn't pay it back, who couldn't qualify for it, who had no income or little income, and that was all fine and dandy until the housing boom went bust.
This is not a chicken or egg question.
This is very similar.
Housing boom went bust because there were a lot of worthless mortgages underwriting it.
Foreclosures spiked and financial companies racked up huge losses as these investments turned bad.
Now, ladies and gentlemen, the Federal Reserve is technically not part of the government, but for all practical purposes uh in the way we understand things, it is.
But it's not, but it is.
This is here here we go.
The wizards of smart, the experts.
They're gonna save us from all this and prevent all this happening.
Did not see it coming.
And now the same people didn't see it coming and had no idea how bad it was.
And there were a lot of people who did, by the way.
The Ofeo regulator thought it was bad.
Chris Dodd, Barney Frank, they knew how bad it was.
They wanted to cover it up.
Freddie May, Fanny Mac, uh, Freddie Mac, Fannie Mae.
They supposedly weren't part of the government either.
No, no, private sector uh uh special government enterprises or jump government special uh whatever.
They were owned and run by the government.
And they were populated by Democrats.
They were Democrat piggy banks.
Exactly what they were set up for.
Everybody that wouldn't know saw this coming.
The Bush administration saw it coming.
The people that saw it coming were beaten down to a pulp by Democrats who did not want to lose the concept of affordable housing.
For the constituents.
So here Bernanke, Chairman of Federal Reserve.
We misread it.
We didn't see What was happening?
Same people in charge of fixing it.
That's inspiring.
See, this is the problem, ladies and gentlemen, with central planning.
It only takes a handful of people to be wrong to destroy an economy.
Jimmy Carter, Bill Clinton, Barney Frank, Chris Dodd.
They were responsible for the ultimate collapse of the mortgage industry.
They failed to address the problem when the opportunity existed.
And I know, look, I know that some of you Obama voters out there, and I know that some of you liberal Democrats are out there saying, everything the Democrats' fault.
Yes, folks.
I mean, there are the Republicans had their share of spending problems, but that's what we've been trying to say.
Yes, the Democrat Party is inherently flawed by virtue of its ideology.
It's inherently flawed by the corrupt people that lead it.
And again, I say, if there were a Republican that this could be blamed on, we would know his name.
He would be at Guantanamo Bay in isolation.
But there isn't one.
Bernanke and Paulson.
And boy, he really inspired the markets today.
The markets were up.
What were they up, snertly?
200 some odd.
A little over 200 points, and then Paulson goes out there.
Boom, here goes the plunge.
Then Obama with his brilliant new OMB team announced.
Mmm, plunges again.
Where is it now?
The um coming up here in just a second.
It's down 85.
So it's it's uh it's down over 150 points today after Paul.
And Paulson made it worse that I'm not going anywhere.
I'm gonna serve to the last second of my term.
I'm really worried because he had a press conference today, and they're gonna replay it, and that's gonna put downward pressure on the market every time he speaks.
So Paulson and Bernanke, they charge into this crisis, insisting only they knew what was best for the country.
And then they proceed to ramrod the wrong solutions to the problem through Congress.
Congress said, okay, we know you don't want what you're doing, but here's a pork opportunity for us.
So you want 700 billion, fine and dandy, we'll give it to you, but it's going to cost you 850 in pork for us.
And they said, go right ahead, because if you don't do it, the country's gonna collapse in 24 hours.
Your schools are gonna burn to the ground, the government buildings are gonna run out of energy.
It's gonna be it's bad.
You you we we gotta do this now, or we'll lose our chance forever.
What's the result?
Trillions of dollars of wealth on paper have been destroyed here.
A rookie radical was elected president to ensure change as a result of all this.
I still maintain this is the greatest October surprise in the history of politics.
I still maintain it.
Because now we've got like by the way, we folks, yesterday when I was I was so amazed at all these Clinton people that are populating the Obama administration.
You know, I began to wonder, and we know there's a hope, Arkansas, and Obama promised hope.
So we got some hope.
Now I said, is there a change, Arkansas?
Because he promised hope and change.
Hope and change obviously equals Clinton's back in office or Clinton people.
We looked it up, there is no change Arkansas.
I thought I was on to something.
So we have this rookie radical who positions himself here now as a figurehead right now, just issuing orders and term papers to the auto companies and his economic team.
We get news stories.
There was actually a news story yesterday, folks.
Might have been last night.
I was trying to do show prep with the first wave of family having arrived, and they were they were munching down on their Allen brothers hot dogs and wag you cheese.
We made some cheeseburger sliders out of the big these wag you burgers.
It's Kobe, American Kobe, and they're huge, they're like eight ounces.
You did you don't want to eat a whole thing.
So we just make little sliders.
We cut them up and make uh inch and a half sliders out of them.
And so the families chowing down on that and um uh and and the uh and the and the the both the jumbo dogs and the uh and the regular dogs and so forth, and confirming my impression that the primary reason they show up when I invite them is because I serve Allen brothers.
And in midst of all this, they wanted to watch the 24 Redemption movie to do.
So put that on.
I'm trying to do show prep.
And I've got all these Allen brothers sliders and hot dogs around me.
And I got 24 redemption of Sunday night movie on.
It was great, by the way.
It was fabulous.
And so are the first couple episodes of the new season.
Oh.
It is so good.
It is so it really would help.
If you didn't see 24 Redemption on Sunday night, it would help if you it's a two hour move, sort of a bridge and a transition.
And it would help if you watched it before the uh the premiere begins sometime in the middle of uh of January.
So I'm trying to do show prep, and I come across this story about Michelle Obama's arms.
No, no, not the with the bare arms, yeah, but how in shape they are.
There's there's none of this tricep uh uh flab because she had no wings.
No, because she gets up there and she works out every morning at 4 30.
And uh and and that's what it said.
She gets to the gym at 4 30, she works.
So we're getting we're getting stories on Michelle Obama's arms.
While we hear her rookie radical husband is out there trying to ensure change in the in the economy.
Without this mess, who knows how this election would have turned out.
The wizards of Smart and Washington caused it, they exacerbated it.
Now Obama is doubling down on these people and they're meddling.
I was in the office of Snerdley at the top of the hour break, and I'm watching somebody out there talking about more bailout money, just never stops.
And I looked at Snerdley, and I said, I just I do not believe this.
And he looked at me very cynically.
What do you mean you don't believe it?
Not only do you believe it, you understand it and predicted it.
That's this is true.
All of this is the greatest opportunity.
Rama, the greatest opportunity for the feds to seize as much control of the private sector as liberals have always wanted.
So Bernanke.
Obviously, toast.
AP.
You have to love the just the headline.
Pirate economy thriving.
What?
We should all join the Somali Pirates.
Somali pirates, by the way, hijacked another ship, folks, a Yemeni ship.
They were mad that they were aced out in the in the Citibank bailout.
They wanted to join Prince Alaweed bin Talal and being investor in Citibank, and they they didn't get a chance.
They've done everything they can to cooperate.
They've lowered, by the way, and they started out with a $10 million ransom on the $100 million in oil they they hijacked from the Saudis.
Then they heard me make fun of them, so they upped their ransom to 25 million.
Now they've cut the ransom by 10%.
They're doing everything they can here to be friends.
Somalia's increasingly brazen pirates are building sprawling stone houses, cruising in luxury cars, marrying beautiful women, even hiring caterers to prepare Western style food for their hostages.
And in an impoverished country where every public institution is crumbled, they've become heroes in the steamy coastal dens.
They operate from because they're the only real business in town.
Shara Sheikh Dahir, a shop owner in the nearest village to Mogadishu, where the uh hijacked Saudi Arabian supertanker is anchored.
The pirates depend on us, and we benefit from them.
These are boom towns.
So the pirate economy is thriving.
What are we to make of this?
Yeah, we know where the ships are.
They're bringing in catered to me.
I'm sure it's a lot of its Allen brothers.
Look at we know that the pirates are listening to me because I made fun of them for their ransom being so low at 10.
They raised it the next day.
We know the pirates are listening.
They have to be.
And if they're serving, if they're bringing in chefs to cater Western style meals, then no doubt in my mind that they too have gone to ABstakes.com and seen the website and whoa.
Not only would this be good for us, but it would be good for our passengers or our prisoners.
So what are we to make of this?
This luxury stonehouses, they're driving luxury cars, and let me read you the exact line.
This is now this is this A.P. Obama.
Increasingly brazen pirates are building sprawling stone houses, cruising in luxury cars, and marrying beautiful women.
Marrying beautiful women.
Even hiring caterers to prepare Western style food for their hostage.
And here, Somali pirates cut ransom demands by ten million.
Somali pirates holding a Saudi supertanker have reduced their rants and demand to fifteen million.
So it was ten million and it went up twenty-five.
And now it's down to um down to fifteen.
Now this ladies and gentlemen, incorporating my fertile memory, my very active little gray cells.
This would be a perfect business for Obama's brother George Onyango Hussein Obama, who last we heard was still holed up in a six by nine foot hut outside uh Nairobi.
And Obama, during all of his speeches, I am my brother's keeper and so forth.
Twenty twenty bucks with double this guy's annual income.
Almost here's a chance for George Obama to get out of the hut and into a stone house.
All he's gotta do is find his way from the hut outside Nairobi over to Somalia.
Join up, get a pretty wife or two, a stone house, get himself a luxury car, catered meals, running water.
All of it.
All of it without any bailout money.
From Time magazine, posted just fifteen minutes ago, Mark Kukas.
The headline, left out of the bailout, the poor.
Uh as the roster of corporations and financial institutions online for government bailouts seems to grow.
Some public policy advocates in Washington are calling on policymakers to focus more efforts on the nation's poorest.
The ranks of the destitute are growing quietly but alarmingly, as much of the world focuses on rescuing Wall Street.
This is a Robert Greenstein of the uh executive director of the Center on Budget and Policy Priorities said recent data show poverty is already rising quite substantially.
There's a strong potential for more hardship, more destitution than we have seen in this country in a number of decades.
His uh center released a new study projecting a sharp rise in the number of people living below the poverty line, which is roughly twenty-one thousand two hundred dollars annually for a family of four, according to the Department of Health and Human Services.
So the uh poor being hardest hit, the economic downturn, and there's no bailout money for them.
But I just proscribed a way for George Obama to get out of the hut in Nairobi, just make his way to Somalia.
It's gonna be tough.
A guy makes a dollar a month.
But he can find a way to get there, and he could uh join up at the pirates, a life of luxury and pleasure without one bailout dollar.
All right, we're going to the phones.
Uh people have been waiting patiently.
Livermore, California.
Ray, we're gonna start with you.
It's nice to have you on the program, sir.
Rush, thank you for your fine program.
Um I'm here every day, and you you give us a reason to live in this uh current environment.
Rush, uh uh, I want to talk about the disconnect uh between Wall Street and Main Street.
They they keep telling us that they have to do all these things for Wall Street because of Main Street.
Uh it couldn't be more of a lie.
Um I've got a small business.
It's a national franchise.
I'm doing quite well.
I have over a hundred competitors in my area, and there's nothing more than I would like to see some of my compare uh competitors just wither up and fall off the vine, and that's exactly what the business cycle is for.
It's supposed to dry up bad businesses, flush them out of the way, and then us strong businesses will come back even stronger than the other.
I know I know, I know, I know, Ray, But look at all the the hurt and the suffering and the economic collapse that would be involved with the families of those people you put out of business.
We just can't have that kind of suffering in America.
Rush, um, the the kind of controls that Obama wants to put on businesses are effectively going to put a glass ceiling on men like me.
I don't make two fifty a year.
I would like to, but Obama has told me there's a glass ceiling that I shall never cross.
I cannot ever make more than that, and he'll make sure of it.
It's uh, by the way, not certain it's two fifty, it might be one twenty.
Biden said one twenty during the campaign, Biden said one fifty, Obama said two hundred.
But nevertheless, your point is right.
There isn't there is good there's gonna be a number in the Obama team where the American dream ends.
And and they have stated it that you will not go above this point.
Period.
Why?
Because they're gonna raise taxes.
Is that what you mean?
That that's what's what they mean.
They're not gonna you're not gonna succeed much beyond this because your taxes are gonna go up.
Right.
Once I hit that point, I'll be taxed back to below it.
And if I continue to try to rise up, they will make sure that they tax and regulate me down.
Russ, right now I'm a small business, and I can maneuver pretty well in this economy.
I'm doing okay.
What's happening on Wall Street is not hurting me.
I don't need to borrow money to make money.
I make money.
I'm in the trenches, I'm with my customers every day, shaking their hands.
Ray, are you using are you using your real name here, your f real first name?
Yes, sir.
Oh, I'm sorry.
I hope you don't get Joe the plumbered after this call.
Ladies and gentlemen, after our last call from Ray in Livermore, California, with such direct criticism of the president select Barack Obama.
And I I I feel very bad.
I I should have warned him before he launched into his uh his critique and criticism of the president's elect, uh, because I'm afraid he's gonna be Joe the plumbered because he used his real name.
Those of you that are on hold or who have yet to get through and you're crying to trying to call, if you are going to be critical of President elect Obama, please use a phony first name.
Uh I do want to know what town that you were calling from, but use a phony first name uh so that there'll be much tougher for the Joe the Plumber crew uh in the Obama campaign to find you in your state and start investigating you like they did Joe the Plumber.
Uh ladies and by the way, I actually think it take your pick.
Bernanke, the chairman of Fed or Hank Paulson, these two guys are the Donovan McNabb of Wall Street.
They're clueless and they are fit to be tied.
Up.
Somebody said, I don't believe this either, but somebody said McNabb said uh uh this morning in his press conference he didn't know you could be benched at halftime.
I refuse to believe that, but somebody said that.
John in Bloomington, Illinois, welcome to the EIB network, sir.
Hello.
Hello, Rush, Ditto.
Thanks for taking my call.
Yes, sir.
Uh one problem we have with the pirates is nobody wants to look for them, apparently, but I think that if they get tired of waiting to get the ransom for this tanker and they sink it in the ocean and the oil leaks out, that the environmentalists will be all over them and the problem will be solved.
We'll be rid of them.
Well, it'd be a tough one for the environmentalists.
The environmentalists will side with people like the pirates.
They think the pirates are doing the Lord's work.
They're keeping the oil off the market.
The pirates are a disadvantaged mob anyway, and they're just trying to make their way in an unfair world.
Uh if you the best way to stop the pirates.
If if it and I frankly hope we don't, I'm I'm being there's very little out there to entertaining us.
I'm getting the biggest kick out of these pirates.
You said nobody knows where they are.
Everybody knows where they are.
But nobody wants to get them, apparently.
Well, nobody wants to get for whatever well, there's only one outfit that really can, and we don't have the gonads to do it right now.
We're in the midst of a presidential transition.
Well, I mean, if you really want to harm the pirates, unionize them.
Just somehow finagle card check among the pirate ships and make members of the United Auto Workers.
Or uh, you know, the teach.
Teachers units.
And they'll then they'll go to their bosses and they'll say, we're not hijacking more than one ship a week.
And then they'll want to reduce it from that point and own a bigger share of the spoils.
I'm actually being entertained by the pirates.
I think this is amazing.
They're they are roaming around.
Everybody knows where they are.
They keep hijacking ships.
The people that apparently own these ships refuse to arm their crews.
And these guys with nothing but ropes and little dingies are hijacking these giant uh tankers.
It's cute.
Rush, this is high crime on the high seas.
I know, folks, but it's it isn't it, isn't it sort of um illustrative of how impotent we are in a whole lot of areas here?
Pirates are running roughshod.
Nobody apparently wants to stop them.
Lauren in Erie, Pennsylvania, hi.
Welcome to the EIB network.
Thank you for having me, big fan.
Uh I have I have a question for you.
You know, why everyone's saying should we bail out the auto industry or not?
There's no one else coming up with a solution.
I've got a great one.
I want to hear your opinion.
All right.
Uh okay.
What if we have the oil industry bail them out?
Because I think we've all paid enough in taxes, and that's the hand that feeds them.
Wait a second now.
Well you the big oil bail out the big three automakers because we've all paid enough in taxes.
Let them do it.
They're the one that made all the windfall profits.
There's no such thing as a windfall profit.
Well, they made a lot of money, and since why should we not be able to do that?
All of that is cyclical.
Don't don't don't tell me.
Please.
Okay.
Well, the refineries are also making money.
Please don't tell me you have an animus to big oil.
Well, I just say that it's okay to make money.
I'm absolutely conservative Republican on that, but what it really frustrates me is that we as consumers have always paying our taxes.
You can't raise our taxes anymore because many of us are going to be without jobs.
So let's turn around and try and help each other outside.
We don't have to worry about their golden parachutes if they do it behind closed doors.
Well, now I I understand I understand the idea that there's a symbiotic relationship between big oil and the uh big three are all automakers and they're uh but you know this this um look at the the golden parachutes, this is this is the kind of stuff when I sit when uh when I see failing executives walking out with all these huge golden parachutes,
I just cringe because that's the kind of signal that is gonna help average people come to support anti-capitalist measures.
Uh and yeah, but I don't know how you regul if the federal government starts regulating this, it's only a matter of time before they start regulating what you earn.
Yeah, I don't like that at all.
I we certainly don't need their hands in our pockets anymore or that's right, and they already do regulate what you earn or what that actually what you keep by virtue of their of their tax code.
That's true, but the auto industry needs to survive, and Kraysler's really looking for the money from the bailout so that they can turn around and sell it to some Indian holding company where Ford is doing okay, and GM really needs the money until 2010 when their deal with the UAW stops all these legacy taxes.
You're just inspiring all kinds of questions here from a theoretical and philosophical standpoint.
Now, what why?
Answer why do the big three need money?
Why is it imperative that they be bailed out?
Well, the problem is right now, well, it's really GM who needs the money.
It's because it's costing about eighty some dollars an hour to produce a car, and the Japanese counterparts are only paying about forty dollars or so per hour to produce a car.
So they put themselves in this really bad situation.
But you know how this is gonna be fixed.
I hate to hear how.
What's gonna happen is that Congress is gonna figure out a way to increase Toyota and other costs to get them closer to what GMs are, they're not gonna come up with a way to lower GMs or Ford or Chrysler Cs.
Obviously, and that's not good, but as of 2010, the rates will drop.
I'm telling folks, if you doubt me on this, Congress Democrats, liberals never try to equalize things by raising the people at the bottom.
They do it by lowering people at the top.
The effect here is the same.
They are going to c they're gonna they're and they'll do it with unions.
Well, what do you think is gonna happen with this uh with this card check business?
How long do you think Toyota's gonna get away with this?
Well, unfortunately, if the government's got their fingers in it, they're gonna try and destroy everyone else.
Well, they're not gonna lower whatever they do to lower the cost of operation will have nothing to do with their labor costs.
Obama's gonna see to that.
If they have if they lower the cost of their operations, it's gonna be because the be because they're being told to manufacture cars that well been there done that.
But theoretically, look at if if if um GM made the deals, Ford made the deals with the unions.
Right.
So you can sit and we can feel sorry for them, and we do.
Well, you shouldn't, because Ford's actually going to be okay.
They've got good product out there, and the quality is certainly there.
Whether people believe it or not, I've actually been to these plants and seen them produce good quality product, is their costs are so high that they have to charge more than the competition.
Same thing for General Motors.
And uh they're they're making, you know, we've we've seen them and we drive them, they're making some incredible cars right now, and they're making some incredible crossover.
They're making some incredible, good-looking economic cars.
They they really are.
There's just there's just such this uh an anti-bias, and it's been brought to us by years and years and years of liberalism, which has played this class envy game against evil corporations, and so forth, and it's just it's a it's just a shame because all that really is continued bashing of capitalism, and that's what's taking place right now.
They're trying to replace it with as much socialism or collectivism, whatever you call it, big government as Obama can uh create.
Oberland Park uh can't, or maybe it's Overland, Kansas.
What is it?
Overland Park or Overland.
Joe, uh, thanks for waiting.
You're next in the program.
Rush, diddos.
Thanks for having me on your program.
I uh I'm calling about the revival of the Clinton nation, the appointment of the uh Clintonistas to the uh Obama cabinet position.
And I think there's an angle on this that has never been explored, at least not that I've heard yet.
Uh Rush, I think it's time to give credit where credit is due.
Uh regarding the revival of the fortunes of the Clinton nation.
You'll recall about was it about seven months ago, uh Hillary Clinton's uh national star was on the wane, and uh uh it it looked like she was about to pass from the scene in terms of being a national leader of the party.
Um not just Hillary, but Bill as well.
And one man is really responsible for the revival of that star.
And I'm calling to give credit to that man, and that man is you, Rush.
You're obviously referring here to Operation Chaos.
Absolutely.
Well there were I appreciate people try to credit me for a lot of things justifiably so, but how can you credit me for all these Clinton Eastas in an Obama cabinet?
Now, granted, Operation Chaos continued the viability and the possibility of Mrs. Clinton's campaign and made the race much closer, but it stops there.
How can you say that Operation Chaos influenced the Messiah to populate his administration with all these Clinton retreads?
Well, Russ, that's where I think you have to connect the dots a little bit.
Uh you recall that Hillary had lost what was it, thirteen consecutive primaries, and uh it it uh Obama had all the momentum, and then suddenly Operation Chaos was launched, and the tables were turned and Hillary started winning all those.
Uh in fact, Obama's uh star was in fact the the uh there was uh there was concern that maybe he was ready to fade away.
And I think what happened is, and I think it's clear now in the wake of all that's happened, all the appointments, that some sort of deal was struck, that there was an agreement reached between the Obama and Hillary camps, all those discussions going on that he would bring her in and put her in a prime position of leadership and bring her team in as well.
And all I can say, all I can say is that never would have happened with all the animosity between those two camps, that never ever would have happened.
We never would have seen Hillary in a position like that unless Obama had been forced to do it.
Oh, yeah.
the effort here to uh launch my importance to even higher levels.
But um the Clintons, and I really resent this on your part, Joe.
The Clintons do not need me to practice a time honored art that they knew and perfected for two decades of intimidation and threats.
They do that whether they have power, and they do that, whether I did Operation Chaos or not.
Uh they any number of uh instances they could have reminded Obama about that they were involved in, had nothing to do with me.
So while it may well be that uh Hillary's viability was revived and maintained during the scope of the campaign, the whole course of it.
I really think we have to draw a line and be realistic here and say that I, L. Rushbow, speaking to you live from the office of America's Anchorman, really cannot be blamed in any way for Obama's cabinet choices.
Ladies and gentlemen, we had a story mere moments ago about how the uh the bailout is uh is hurting the poor the most because they're not getting any of it.
Uh poor uh uh really hurt here by uh by the bailout.
And it was a guy named Robert Greenstein, his big lib, and he's got this big liberal think tank that puts out all these position papers.
The purpose, and I say this in quotes, by the way, but the the the purpose of these bailouts, whatever you think of them, is not to save executives on Wall Street as Greenstein said, Oh, that's only the rich that are benefiting here.
The purpose of the bailouts is to save our financial system, whatever you think of them.
These bailouts are not about class warfare.
But of course, leave it to the libs and their willing accomplices in the media to write the predictable thematic stories, and no matter what happens, it's women and minorities who are hardest hit.
This entire collapse resulted from subprime mortgages, forcing banks to make loans to people who couldn't pay them.
And I doubt that Greenstein and his liberal buddies favor eliminating the community reinvestment act and divesting acorn and all the rest of it.
I mean, these people are hip deep in uh in all of this.
I mean, let's look at the Obama cabinet, shall we?
The media's out there, oh, what a great cabinet.
Oh, they can barely contain themselves.
Oh, we are so excited.
I've got the vapors, Mabel.
We're so excited, such a competent bunch of people.
Oh, wow, we're moving forward.
This is gonna be great.
Okay.
Eric Holder, Attorney General, supported pardoning terrorists, and Mark Rich.
Obama chooses associates of Robert Rubin, who was on the board of Citigroup, which would be broke, but for tens of billions in taxpayer subsidies just made to it.
And he walked out of there since 19 or 2000, uh, 1998, Radder.
He walked out of there with uh 107 million dollars in consulting fees while he's on the board taking it down the tubes.
He chooses Bill Richardson, who, as energy secretary, was a no-grother who helped create the energy crisis.
He chooses Hillary.
Now get this.
He chooses Hillary as Secretary of State.
It was Hillary who exchanged spit with Yasir Arafat's wife some years ago.
Remember how that angered the Jewish community?
I mean, it was a wet one.
Media won't say any of this, folks, because they they want you to believe it's a great cabinet Obama's putting together, but it's it's retrograde.
Here is uh Scott.
Scott, is there is there actually a town in Michigan called Ramblanc?
Yes.
Okay.
I just wanted to check because Snerdley, every time I got a call from Lubbock, Texas, he would write love it.
Or love it, L-O-V-E-T-T, because he hadn't heard of Lubbock.
And I haven't heard of Ramblanc.
How do you spell Ramblan?
It's grand blank, G R A. Okay, all right.
See, I knew he hadn't heard of that either.
Because he got up here as Ramblan and one word, R-A-M-B-L-A-N-K.
Uh, just outside of Flint.
Well, the problem is that not enough people, you know, Michigan's such a recession that people aren't interested in anymore.
Uh, and that's why people don't know the town's there.
Uh, anyway, what what what did you call about?
Well, you were t uh talking earlier about looking for change in Arkansas, and the reality is I think the change Obama's looking for is actually in France.
There are two cities in France named Change.
There is a change, France?
There are two of them.
So I think that may be what change he's looking for if you go in that direction.
Yeah, but see, France is going conservative.
France is going right wing.
That's not the kind of change he's looking for.
Sarkozy, Sarkozy is a uh he called he called the uh Messiah naive uh about his uh foreign policy and this sort of thing.
I appreciate you doing the uh geographical search, but uh this is why I say don't try this at home.
It was it was a joke.
He's putting all these Clinton people in.
Okay, there's a hope Arkansas, and Obama was for hope, and then he was for change.
So is there a change Arkansas?
Because what we're getting is Arkansas retrogrades in the Messiah's new change and hope cabinet.
Talent on loan from God.
Well, we've had some numbers run on the cost of this bailout compared with other government expenditures.
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