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Feb. 4, 2009 - Rush Limbaugh Program
36:18
February 4, 2009, Wednesday, Hour #2
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Yes, America's Anchorman is away, and uh this is your undocumented anchor man sitting in.
Uh Mark Belling is gonna be here tomorrow, and uh eventually at some point after we've exhausted all the many marks uh that we have for you uh lined up as guest hosts, uh L. Rushbow is gonna return to the uh golden EIB microphone.
Uh you know, we were talking I mentioned yes, I mentioned uh earlier in the first uh this business about the uh the the stimulus package and this poor woman in uh in California who had the eight babies by in vitro uh in vitro fertilization.
I basically said that well what we're seeing uh in in uh Washington is the in vitro fertilization of federal spending.
Uh and just like this crazy California uh woman who had six kids, she's unemployed, uh she's divorced, uh, she lives in a tiny uh home with her parents, and she's had another eight kids by in vitro fertilization.
That's ex that's exactly uh that's exactly uh what they're doing in Washington.
We couldn't afford the last round of spending, so what we need to do is inject even more massive government spending into the system.
Uh and I just wish that the uh the the Congress was getting half the bad press that this poor woman out in California's uh uh getting.
Um what's her name?
Nadia Sullivan, 33, has been lambasted by talk show hosts, fertility experts, even her own mother, who has her hands full taking care of Ms. Sullivan's other children, ages two to seven.
Yes, that's right.
Yeah, but mom well, she was basically being congratulated on becoming a grandmother.
You were grandmother for the 40th time.
That's great, she can't leave the house.
She's looking after she's spending her whole life looking after the first six grandkids, and now Nadia Sullivan goes and has another eight grad kids.
That's basically that is the uh that is what we're saying.
The in vitro fertilization of the of the federal budget.
And uh, you know, I love the way uh, you know uh politics, you know, uh us what was it?
They used to say uh everyone's in favor of motherhood and apple pie.
Well, since this woman in California came along no one's in favor of apple no one's in favor of motherhood anymore.
Apple pie, they do the what's it, Denny's doing uh free apple.
No, it's free bacon and eggs at Danny.
No free no free apple pie.
Maybe apple pie's gone the way.
Uh well, yeah, actually that's uh bad for you, isn't it?
Isn't it didn't Obama say we couldn't just sit around setting our thermostats at 72 and driving our SUV and eating apple pie or something?
Boy, he's one tough president.
So motherhood's over, apple pie's over.
This is this is a whole a whole new America.
You know, I mentioned just before we came on air, uh Tim Gitner uh w went out and the president and they announced that they were capping uh executive salaries at uh at banks that uh essentially the uh US uh taxpayer is now on the hook for, and uh uh uh at all businesses that uh U.S. uh taxpayers are now on the hook for.
Uh and and uh he th they're camping these salaries at five hundred uh million because people are mad.
You know, they're they're saying, well, look at these guys, they're just carrying on as usual.
They're they're they're jetting off to their uh vacation homes in the Virgin Islands on the private jet, uh, and they're not taking anything seriously.
Look, if you take this thing if you take this executive pay thing seriously, uh you're you're crazy.
You gotta keep your eye on on uh You've got mail.
Uh what really matters here.
And what really matters is uh is that uh uh what what really matters is not the executives getting all this money.
You know, they'll do okay.
They always do.
The thing about capitalism is it eventually catches up with you.
Eventually it catches up with you.
And you just wind up uh you'll be out of your you'll be out of work, and okay, you'll have enough money to go and live in Switzerland, uh or go and live in Belize or wherever, and and that's fine.
That's the way it goes.
Capitalism is self-correcting.
Uh you look at the guys uh with uh Enron, the whole thing goes belly up uh and they uh and they get prosecuted.
When does government ever get called to account?
You know, Barney Frank says he's embarrassed.
He tells these bankers, you know, uh people hate you, and and now because we're we're hanging out with you, they hate us too.
As I said, he's doing this like high school chit-chat.
It's the new version of it's a line from that Lindsay Lohan movie, Mean Girls, except it's the new version of Mean Girls starring Barney Frank.
Everybody used to like Barney Frank until he started hanging out with people from all these horrible banks that nobody likes.
I mean, this is this is the point.
Barney Frank, no one i ever calls Barney Frank to account.
Barney Frank has been there in that office as that congressman, massively responsible for Fannie Mae and Freddie Mac and all this other stuff.
And uh Bar the the Barney Frank Congress is not self-correcting.
And that's why this distraction about uh, you know, uh we we we should we should cap executives pay, uh that's nothing.
That's nothing.
There's gonna be a lot more of that, by the way, because once the government uh that that's the point about government.
Once it's in the system, uh the government has the right to pass laws uh relating to every aspect of the system.
Uh so if your uh company is 20 percent owned by the United States government, the United States is going to be passing laws uh saying that uh, you know, you can only earn so much money and you're not allowed to use the executive men's room anymore, you've got to go to the same one that all the regular folks go to.
I mean, you're gonna get more and more laws like that the minute you have uh government actually taking a role uh in in in uh private parts of the economy.
By the way, that's one reason why I've always been opposed to government health care, because once you have government health care, uh the government can basically tell you how to live your life on the grounds that they're paying for it.
Exactly the same argument Tim Geitner and Barack Obama are making uh about the executive compensation.
They're saying, well, look, taxpayers are paying for it, so we have a right to cap it.
And that's the same thing with health care.
Once taxpayers are paying for it, they have the right to cap that.
Uh so they start telling you how to r uh live your life.
Uh so if you're overweight and you want a hip replacement, they say, no way, we're not giving you a hip replacement, you're too fat, uh, we're better to cut our losses and let you die.
Uh if you've uh if you smoke and you get a bit of heart uh and you get some heart trouble, they say, no, no way, we're not treating you uh because uh you got uh you you smoke and so there's no point uh treating you for heart disease because you're gonna die anyway.
Get out of here, get lost.
Uh that's not an exaggeration, by the way.
Uh that happens every day uh in uh if you go to a hospital in Birmingham or Manchester, England or Southern England, they've got all these things.
If you can't get a hip replacement if you do this, uh because once you have government health care, it tells you how to r live your life.
And that's what we're seeing now in in the uh in the uh private sector, in the business sector, in the financial sector.
And the problem here is uh left to their own devices, the market would self-correct.
Uh every time you interfere with the market, uh you delay the self-correction.
That is what we're seeing in the United States.
The reality is uh that uh a lot of these assets are overvalued.
Uh we had a h a housing crisis uh in part because people who uh uh shouldn't uh have been buying homes were given ridiculous mortgages for property that uh is not worth what they paid for it.
Uh we have essentially uh people expecting to make ludicrous profits on media uh mediocre assets as a permanent feature of life.
That cannot be.
Uh at some point gravity reasserts itself uh and everything comes back down to earth.
And the house that you wanted to make, you know, so people think, well, I bought this house for two hundred thousand dollars uh and I was gonna sell it by one for for one point three million dollars, but now the market's collapse and it's uh uh and it's only worth six hundred thousand dollars.
So I've lost I've lost three quarters of a million dollars.
No, you haven't.
No, you haven't.
What you've what you're left with is an asset that appreciates reasonably over time, which is a health well what a healthy housing market is.
Uh it's actually good in the long run uh to let these overvalued assets uh r sink to what their true value is.
Uh and attempting to interfere with that as the United States government uh uh wants to do is only going to prolong the agony.
Uh you know, this is a this is like a basic rule of economic life.
If you have an inflationary, a permanent inflationary housing market, that just makes it more and more difficult for people to buy homes.
Right now it's a time actually if they didn't have this stupid community reinvestment act and all this subprime mortgages and all the rest of it.
Now is just a great time to buy a home uh at a regular price on a regular mortgage.
You can get a great You can go out and get a great deal on a nice home, get a regular mortgage.
You don't need subprimes, you don't need the Community Reinvestment Act.
All this government stuff does is just get in the way.
And now what we're seeing is the classic Obama move that uh you you put some surface gloss, a nice frilly veneer uh uh on the situation while while not addressing what's really going on.
You know, it's exactly what he did at Gitmo when he said, Oh, you know, we have to be true to America's values.
So he announces a commission to look into closing Gitmo.
But in the meantime, then much more quietly, he decides he's gonna keep this rendition thing where the poor jihadist, you know, if the if the jihadist is in a jail in uh Minneapolis, he's gonna have Miranda rights, he's gonna have legal rights, he's gonna be entitled to this, entitled to that.
But if you just put him on a plane and send him to Yemen, uh the uh the Yemeni guys will just take him to a basement and solve your problem for you uh nice and quietly and nobody gets to hear about it.
Uh and so uh Obama has put a very nice sort of veneer on the new, you know, we're not we're not torturing people anymore.
We've outsourced to our torture.
You know, it's now just another job that Americans won't do.
But fortunately the Yemenis and the Pakistanis and all the rest of the guys will do it will do it for us.
Uh and that and that essentially uh uh dealing with the surface thing is what he's done here on executive pay.
He said, uh I'm not gonna uh I'm gonna do uh a little bit of show boating here, I'm gonna cap executive pay at half a million dollars.
That's gonna do nothing for you.
If you're uh if you're uh unemployed now, if your home's been foreclosed on now, uh Barack Obama saying, Oh, we're gonna do something about these executives isn't gonna make any difference to that.
The the reality is uh we need to hold to uh to the same uh performance and accountability standards uh the these uh government figures like Barney Frank and Nancy Pelosi.
Because the fact is that the market will take care of the useless fat cat.
If a fat cat is useless, he's he's gonna be a retired fat cat pretty soon.
And yeah, he'll still have a nice house and a nice car, but he'll be washed up and over and no problem for anyone.
Uh the problem is that the useless fat cat uh in Congress who is there as a permanent feature of life.
And when Barney Frank starts saying to bankers, uh, oh, you know, uh uh people used to like me, but now I'm hanging out with bankers and everybody hates bankers and now they hate me too.
That is ridiculous.
Uh prioritize your hatred.
Don't waste your time, hatred the guy at the first uh the president of the first national bank of dead skunk New Mexico.
It's not worth it's not worth hating him.
Uh it's much it's much better focusing your anger on uh Barney Frank because he's a permanent feature of life uh and these uh and these executives with the uh with the jets and the uh vacation homes are not.
So prioritize your anger.
Barney Frank is a far bigger problem for this country uh than any of these bank executives.
Uh this is Mark Stein on the EIB network, sitting in for rush, and we will be back with more straight ahead.
1-800-282-2882.
Mark Stein in Farush on the EIB network, 1-800-282-2882.
Uh, let's go to Michael in Atlanta.
Michael, you're on the Rush Limbaugh show.
Hey, Mark, I just uh first things first.
I want to tell you your humor's been spot on, especially the Scott McClellan uh uh witness protection remark about gifts that would be.
Scott McClellan, that that isn't a joke.
That is a national tragedy.
I can I can assure you.
No, uh we uh we have to uh we have to keep a the my favorite line by the Ayatollah Khomeini of all time uh is he was asked about uh Islam's approach to humor, and he said, quote, there are no jokes in Islam, so I'm relieved.
I'm making the most of it uh uh uh until the uh Islamists take over and then the the show will sober up.
But uh it's great it's great to have you with us.
Uh w what what's your point, Michael?
Well, what I was going to say was actually have two points.
One, uh people like Nancy Pelosi have inspired me to be looking at uh four to six years down the road, I want to run for Congress.
Uh currently I'm in the process of of uh finding a new job, but uh when I figure out where I'm gonna land, I fully expect to be involved politically, because if that idiot can get elected uh and be speaker of the how then how on uh that just it's amazing.
now now the Nancy Pelosi is one of the towering colossi of the age.
And I I'm sorry, but we cannot have this this disrespect uh to to one of the uh political titans of of the United States.
Uh but m but Michael, I will t I will take uh I I would recommend you do run for office because the way things are going in this country, uh it makes sense to get a government job.
You know, the fantastic thing about running for office, by the way, is uh you can you can run f you can run for Congress and get elected and things work out for you for a couple of years or whatever, and then eventually people turn against you and you lose your election, you get these t the the benefit packages at Congress, even uh they're just fantastic.
Even if you pay your taxes, like uh a lot of these guys apparently uh uh aren't so uh eager to do.
But even even if you pay these taxes, you still get fantastic retire what they call these retirement packages for people who get defeated in elections.
That's what I mean about uh, you know, when we talk about pe people sometimes make a big deal about these uh uh golden uh uh parachutes that guys get when they leave companies.
It's nothing compared to the golden parachute that every mediocre congressman or senator gets.
It's the place to be.
Government work is the place to be in Obama's America.
Well, that's right.
But uh, you know, the other thing about her that gets me in in and I can understand why a place that tends to be left-leaning or uh uh pink communist like uh San Francisco would elect a liberal Democrat or a socialist to office.
However, what I don't understand is why they've elected that idiot, because she absolutely it amazes me from stimulating the economy with birth control.
That might stimulate something, but I don't think it's the economy.
And you know, two thousand year debate of the Catholic Church on abortion that she mentioned last fall during the campaign.
She it just amazes me.
I mean, at le the only person that I can think of on the left that actually uh was somebody that deserved to be listened to was Daniel Patrick Moynihan.
Uh but you know, there aren't any Democrats like that now.
They they they're complete loons, all of them.
Well, you you know, the the the thing about this is that uh you look at you look at that uh little line I mentioned earlier about uh Nancy Pelosi saying five hundred million Americans lose their jobs every month.
Now, if a Republican had said that, if George W. Bush had said that, that would be on every late night uh talk show, uh that would be relayed in news clips all over the world.
That would be in all those, you know, books saying ten thousand dumb things Bush said uh this month.
The f the phalanx that protects uh a a uh uh uh uh a a uh a Democrat is is uh is m is in a completely different category.
You remember that thing, Bush uh what was it?
I think it was the G7 summit or uh in Tokyo, and Bush goes to open a door and it's shut.
So he's like the president of the United States, he's walking up forcefully to open the door and then it won't open.
And he put it like a goofy because Bush to his credit never cared about all this stuff.
So he puts like this goofy look on his face, and then he's plastered all over the pa uh newspapers as uh the moron, he didn't even go to the right door.
The other day, uh Barack Obama stro uh strides up to the White House uh to walk through what he thought was a um I guess a French door uh and uh and it turns out to be just be a window, so he's standing there baffled, trying trying to figure out how he can't get in this Nobody put that nobody put that up on TV and said, Boy, what an idiot, what a boob.
And and the point about this is uh as I said, right at the top of the show, is like when Bush came in in January 2001, uh the press had spent uh the the uh entire presidential campaign saying this guy was an idiot.
Remember they were always springing these pop quizzes on him, you know, name uh name uh the uh uh the general who's running Pakistan.
And he n and he and he didn't get them right.
So by the time he got there in January 2001, uh and that was like some TV guy, was it some TV guy in Boston who said uh name the uh name the uh uh general who is running Pakistan.
And somebody made a very good point is that Bush uh when Bush didn't know, uh and and uh the TV guy said very smugly, uh, well, you should know.
You're you're running to be president of the United States.
The Bush should just have said, well, okay, you're in TV.
Who played the professor on Gilligan's Island?
But you know, Bush isn't as Insecure as that.
Bush isn't as insecure as that.
And every Republican who runs for office has to have a thick skin.
And uh every Democrat, as Barack Obama uh is learning, can be praised to the skies, but at some point the gap between the you know, the Chris Matthews leg tingles and reality uh has to kick in.
And right now what's happening is that Chris Matthews' leg may still be tingling, but there are three hundred million Americans out there whose legs are not tingling.
Reality is always gonna kick in eventually.
Mark Stein on the Rush Limbaugh Show.
We will have lots more straight ahead.
Hey, great to be with you.
Uh Rush is going to be back uh fighting fit uh next week.
I think uh Tuesday Russ is back, isn't he?
And Jason Lewis will be here on Monday.
I know I was I was joking that Mark Foley was going to be here.
Yeah, and and people were get people were getting excited, they were saying, Wow, Mark Foley's uh he's just what a shame he's only doing one day.
Uh the Mark Foley channel.
I don't know if Mark Foley is out there.
You need to call your agent because there is a big time national syndicated radio show waiting for you.
Uh we have had so we have had more calls about uh getting people excited about the Mark Foley show.
But I I hate to say it, it's not going to be Mark Foley.
Rush Rush is going to be back on Tuesday, and uh Jason Lewis will be in on uh on Monday.
You know, uh it's it's been it's not been a g it's not been a great uh time for the uh for for the Hopi Changey uh crowd.
It's been a it's been a tough couple of days.
But uh when you start actually seeing what some of these uh fellows who are in the new administration uh actually are in favor of.
Cass Sunstein, now he's uh a Harvard Law School professor, and he's actually one of the sane guys in the administration.
Uh and he listen to this.
He's made no secret of his devotion to the cause of establishing legal rights for livestock, wildlife, and pets.
This is a this is a business that they uh that they've they've had in uh certain parts of uh Europe.
Uh Austria wanted to you uh you would have to go through uh proper adoption policies.
If you you couldn't just sell a pig to somebody, you would actually have to go through uh get adoption papers uh and sign the uh uh and uh it'd be a lot more difficult than say having eight and good kids.
There's no counseling.
It's perfectly healthy to want to adopt a a pig.
Unless of course you're Muslim, I do apologize.
I'm not suggesting uh I don't want to be disrespectful for any pig was in a random example, let's make it a goat.
Everyone loves goats.
I love that.
In fact, I saw the uh uh in in one of the Saudi newspapers they had the uh the winner of the most beautiful goat in Saudi Arabia award uh in one of the Saudi papers a coup a couple of months ago.
And let me tell you, she was one terrific looking goat.
So I'm not anti uh I'm not anti-GOAT.
Uh the the uh it's not just Austria, by the way, Spain passed a law uh wanting to give guerrillas and apes the right to vote.
So if you think Chicago machine politics is me now, why wa wait wait till you got the guerrilla enforcers roaming the uh roaming the streets.
Um so these uh so these guys are uh animal rights uh and this Cass Sun Sunstein uh wants to wants to be able to uh establish legal rights for livestock white wildlife and pets uh here.
Actually, come to think of it.
I think there was a gorilla who who uh was registered for the New Hampshire primary uh uh back in the uh back in the seventies.
Apparently in guerrilla years, you have to be thirty-five to run for president.
And apparently in uh in in uh guerrilla years he qualified.
He was thirty-five in gorilla years, and he was a simian, and apparently he was born in the United States, so he was allowed to be in in the New Hampshire primary.
And presumably, presumably, if he like owed uh, you know, a quarter million dollars in back taxes, he could uh he could be in the Obama cabinet now, that gorilla.
I don't know where he is.
Uh but anyway, uh these animal rights, animal rights are uh uh gonna uh a big concern of uh Cass.
So you got all these people with these like pet causes, literally a pet cause, of course, in case of Cass Sunstein's thing.
So it could be lots of interesting policy decisions uh uh ahead.
Let's go to Bob in Taylor, South Carolina.
Uh Bob, you're on the Rush Limbaugh show.
Mark, thanks for doing uh a really good show.
I was sitting here yesterday listening to you, I'm home here with a had surgery on my Achilles uh pendant, so um I put on the radio and all of a sudden you were the best therapy I had since I've had my surgery.
Anyhow, listen, I recently read a book on uh Thomas DiLorenzo, the real Lincoln, and I started listening to what some of these policies were that Obama has, and this is comes right out of the Whig Party platform of eighteen forty to eighteen fifty.
Right.
That's that's Whig with an H, not wig in the uh Governor Blagoevich sense.
Right.
Okay.
Wig wig with an H. Okay, just so we're clear here.
Okay, so it's protectionism, you know, with tariffs, internal improvements, federal banks and this cronyism stuff, okay.
And basically the South uh was against all of these things as this general welfare clause with you know building canals and railroads and everything else, but Henry Klain never really seemed to have uh much success with this and he was the uh the head of the Whig party, but Lincoln idolized him, okay?
Right.
Now it seems as if Obama idolizes Lincoln with basically what his philosophies were okay.
So it's like history continues to repeat itself, you know, this strong federal government versus states rights.
You know Alexander Hamilton and Thomas Jefferson.
Well the thing is though if you go back to uh the early days of this republic uh and you're right if you you talk uh uh about uh Whig policies uh in the uh in the early nineteenth century at that time you're talking uh it was much easier to uh fence off a nation from the rest of the world especially if you've got a couple uh uh of oceans between you and anywhere else that matters the d the difficulty now is that that is not possible.
You know, I'm often – you often hear when you bring up these things like this bi-American policy and other protectionist things saying, well, this is what America ought to do.
It needs to take care of its own first.
But the idea that the United States can hold the entire planet at bay when it can't even enforce its borders against two relatively benign nations like Canada and Mexico.
I mean, whatever it is now, they say that since the economies slowed down here uh that in fact several uh uh large numbers of Mexicans have have gone back south of the border so maybe maybe uh maybe total economic collapse will solve the illegal immigration problem you know the these things uh these things uh go both ways there's swings and horses you you you're whatever in the swings and roundabouts whatever it is cats and horses I don't know you win here you lose there it all evens out o over the end.
Uh let's go to Jerry in Lexington uh Kentucky.
Jerry you're on the Rush Limbaugh show.
Hey how are you today, sir?
I'm doing great.
I've had a little time to calm down.
I want to start the conversation with uh Barney Frank and end it with Al Gore but in the middle I want to talk about the frustration that a lot of us out here feel.
First of all to Barney Frank Barney no one liked you before this didn't sway them.
And as far as the stuff goes on with with this this absolute insanity you know I get on the treadmill every morning I'm running I'm watching Fox News, MSNBC, you know CNN and all these interviews with the president, they sit down and he says I we must pass this bill or the United States will just dissolve.
Right.
And yet nobody I mean I want to see one of these guys have a little guts.
And I'm I'm expressing this from all my friends et cetera and we all practically throw rocks at the TV and say okay Mr. Obama explain to me how 21 million dollars for a Philippines and the Philippines is going to create jobs and go line item per line item as he said he would do and explain to the American people the seventy five percent pork in the bill in answer to it.
No one is holding him accountable.
Well you know his answer to that would be if you don't like the fact that this bill is seventy five percent pork if it were a regular bill it would be ninety-three percent pork.
You know that is basically uh that is basically his explanation for it that we should be grateful in times of crisis that Congress is only being seventy five percent insane and irresponsible about this.
And and it and he's right in Barney Frank terms that's a good result.
Comparatively that's Barney being serious.
The bill only has seventy five percent pork in it.
For Congress that's a good bill.
You know and that's that's unfortunately the reality of what uh life's like at the federal legislature of the uh world superpower in the early twenty first century.
That's what really frustrates me is I guess It's great for the Filipinos, and I guess it's great for the seventh grader that's going to get a condom.
And as far as this global warming thing, I'm sitting in Kentucky under four feet of ice.
I'd like to see Al Gore explain this to me.
Oh, I'm sorry.
It's not a consensus that this is really happening.
So th that's your Al Gore point that you're under four feet of ice.
Well, you know, that is the perfect state of the planet.
Because if you went you know, when you talk to these global warming guys like Al Gore, it when they say, ooh, you know, the the temperature increased by point seven of a degree across the course of the twentieth century, that presupposes that the planet is like a thermostat, that it has a correct setting.
Well, the question then is what is the correct setting?
Uh and if you went back to um uh North America during the ice age, I'm not sure.
The whole of Canada and the whole of the northern tier of states uh were under ice.
Now I'm not sure if Kentucky was under ice, but if you're if you're saying you got four, whatever it is, four foot of ice there right now at the moment, that is a great job Al Gore is doing at returning the planet to its edenic state in which uh two-thirds of North America is under permanent ice cover.
And once we do that, we'll all be able to we won't have to worry about global warming ever again.
That's uh that's great news.
There's ice in there's ice cover in Kentucky.
Terrific.
The Al Gore plan is w working.
Uh this is Mark Snide sitting in for Rush on the EIB network.
We will have more straight ahead.
Stay with us.
Mark Stein in for Rush at the Golden E.I.B. microphone.
Uh you know, I'm mentioned uh right at the start of the show, all these headlines from around the world uh suggesting that uh the rest of the planet is already disillusioned about the whole Hopi Changey thing.
Here's w here's one uh I miss.
This is from the Times of London.
British judges accuse Obama administration of suppressing torture claim.
So it's even back even back to the old Bush torture thing uh now.
The uh as I mentioned, you know, in the old days uh uh w when under the Bush regime, they used to insult foreigners deliberately when when Rumsfeld uh would would make these cracks about old Europe and whatever.
Uh it's all happening accidentally with poor old uh po poor old President Obama.
You know, he was supposed to have given up the uh the the Bush administration's quite upfront.
Dick Cheney was on TV just a couple of w uh uh weeks ago talking about how marvelously restorative properties of waterboarding, you know.
It's uh it's the sort of thing every uh character building should be we should probably introduce it to the tenth grade.
Uh Dick Cheney was completely up front about this stuff.
Now uh the foreigners are already saying that the Obama administration is uh suppressing uh new information about uh torture.
Let's go to Ronnie in uh in Michigan in this era of hope and change.
Ronnie, you are on the Rush Limbaugh Show.
Welcome, welcome to the program.
Hi, Mr. Stein, it's an honor to speak to you.
Hey, great to have you on the show.
Awesome.
I just wanted to make a uh observation.
I find it a little disturbing.
Um the way our President Obama is always on uh the TV and everything, making statements of how bad this economy and the country are.
Right.
And like there is, you know, no getting out of it.
Right.
Um and like I I guess I look at it like where's the confidence and where's the hope that is what's conveyed by him that is obviously not come to fruition yet.
No, you know, I'm a little outraged.
No, no, he he is right.
All he is saying is that America is the tunnel and he is the light at the end.
Uh America is the abyss of despair, uh, and he is that bright shining star that you can see as you plunge ever further down into the into the abyss of despair.
Uh and this is what people mean by his positive rhetoric.
His positive rhetoric has been gonna go around and say, oh, you know, this is the greatest crisis since the nineteen thirties and all the rest of it.
Which is which actually isn't true.
You're in Michigan.
Even in Michigan, right?
Michigan, you have that terrific Canadian governor who's who's made an impressive start on re reducing you to a third world basket case.
But even in Michigan, uh do you have like uh twenty-nine percent unemployment and soup kitchens on Main Street with lines backed up a couple of miles up the street.
You seen any of that there?
Uh it's not that bad yet.
Give Jennifer Granham another term or two.
And she'll and she'll manage uh she'll manage to uh do that.
Uh Did you did you vote for Governor Gradham, by the way, Roddy?
Can I ask you that?
Oh Lord, no.
no it's we we we started our depression here in Michigan about uh right around the time she was elected and we haven't gotten out of it yet.
Right, right well uh well good uh good luck to you that's what happens when you let these crazy Canadians into run things actually all those you know the way it usually goes in federal elections when uh when the Democrats lose they always say oh I can't stand this anymore I can't stand the thought of living under Bush I'm gonna move to if Bush wins again I'm gonna move to Canada and they never and they never actually do move to Canada.
But if you want to get a sense of what it might be like try going and living in uh Jennifer Granham's Michigan and you'll get a you'll get a good sense of it.
And uh I'm pleased to report by the way that Jennifer Granham is a senior economic advisor uh to President Barack Obama.
So what she's done for Michigan she could be doing to you.
Just bear that in mind.
Let's go to Dave oh another Kalamazoo Michael Dave oh uh Dave uh Dave was on the line from Kalamazoo and uh I I uh uh town I love by the way I so if you're a foreigner the only thing you know about Kalamazoo is I got a gal in Calabazoo.
And uh it uh is one of those things that taught me about uh American rhyming.
I love the way gal rhymes with the cow of Kalamazoo.
It's like oh Dave is back.
Dave is back from Kalamazoo Dave from Kalamazoo, Michigan.
I was just uh killin time treading water reminiscing about I Got a Gal in Kalamazoo which is uh the famous song from your town you're on the air.
Well I have a gal in Calamazoo and do you I've been married to her for about 44 years and hey good for you.
Yeah, it's good.
Hey.
I was calling in this afternoon to see what you think about this Obama thing with not aiming at housing.
I'm a builder here in Kalamazoo, and this fix housing first that's in the Senate right now, they're talking about it, but they seemingly fixed the car industry yesterday with giving them a bailout.
But the problem came first with housing.
I do not understand why they don't try to fix housing first.
It would seemingly help our economy and get things moving.
There's a tremendous...
bottom on this whole thing there's no way that uh you're gonna fix this thing without putting a bottom on this housing market we have homes in foreclosure spiraling down in v in value and the only way you can do it is to is to fix housing first.
Well let let's let's uh I mean let's break that down a bit.
The thing is if you wanted to fix housing uh do you want it to be fixed uh federally because there are significant regional variations.
When you look for example I live uh in northern New England and my house has uh fallen in value over the you know over the last year or whatever.
I don't know what it is.
It's uh maybe fallen 10, 15, uh twenty percent.
Uh in other parts of the country uh houses have fallen a lot further in value.
Now in my part of the world there aren't many subprime mortgages so there haven't been many foreclosures.
The the foreclosures uh are concentrated in the South and West.
Uh in other words we don't have a na i uh i in a sense we don't have a uh national phenomenon here we ha we have certain regional phenomena uh that that have manifested themselves and who knows best about that you're in Michigan do you really trust uh Barney Frank and Nancy Pelosi and Harry Reed uh to know enough to be able to craft a solution to the uh housing and the property market uh that will take into account all these regional variations Dave.
Not one bit I don't trust them.
They're the ones that caused the whole problem to begin with putting my fingers in with Fannie Mae and Freddie Met.
Right at the same time is we're into this recession period and it all started with housing and has been known fact that since World War II housing has always led us out of a recession.
If they know all these things why don't they go down and start and help something with housing there's a stimulus package out there that are trying to put through up to like $15,000 that a person would get if he would buy a home any home.
And it's not just for builders it's for anybody that would just go out and buy a house in that and they're trying to do that right now in the Senate and that I think it's even going on today.
Yeah but you would have you have to as you say Fannie May and Freddie Mac.
What happened was the government distorted the housing market.
So in a sense if they were honest about this they would get Fannie Mae and Freddie Mac.
There's no need for Fannie Mae and Freddie Mac.
Basically if a guy does not qualify for a regular mortgage he shouldn't be being given uh he shouldn't be being given uh a house.
I mean that's uh that's that's the basic rule there.
I I gotta go.
We'll uh we'll return to this Dave.
I gotta go gotta run.
We're late with this break but we'll be back with more straight ahead.
Yeah the most stimulating package in radio we've still got another full hour ahead of us.
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