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Feb. 12, 2009 - Rush Limbaugh Program
37:33
February 12, 2009, Thursday, Hour #1
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Welcome to today's edition of The Rush 24-7 Podcast.
It is really, really it's worse than I thought out there.
Wall Street Journal has a story today about a survey by some outfit called Prince and Associates.
And according to this survey, more than 80% of multi-millionaires are cutting back on payments to their mistresses.
You know it's bad when the rich are cutting back on payments to mistresses.
Greetings, folks.
Welcome.
Great to have you with us.
It's Rush Limbaugh.
This is the EIB network and the Limbaugh Institute.
It's true.
I'm not making it up.
It's right here on the Wall Street Journal.
Here are the details.
More than 80% of multimillionaires who had extramarital lovers, i.e.
mistresses, plan to cut back on their gifts and allowances.
Still, only 12% of the uh multimillionaire cheaters said they plan to give up on their lovers altogether for financial reasons.
And they uh let's see, a lot of readers of the journal said, You gotta be kidding.
So they called the people that did the survey and say, How did you do this?
The mistress questions were added to the end of a much larger survey on wealth and wealth management, and they polled a control group of 518 people.
And of the 518 people surveyed as part of the broader study, 191 opted to answer the mistress question.
19.
They took a flyer.
The people doing the survey.
They took a flyer.
They put the mistress question in there at the end, and almost 200 of the 500 respondents.
Played along.
And get this.
Every respondent, all 518 own private jets.
And they're gonna cut back on the mistresses before they cut back on the jets.
This this, by the way, the uh survey was done in conjunction with private jet-related business.
That's why they found you know, private jet, I mean, if you're married, a private jet's a great place to have an affair.
Yeah, I would think so.
I'm not married, but I would think so.
Just guessing.
Just guessing.
Oh.
Uh the North Carolina mistress has been cut back, yes.
Um, my I I I'm not I'm not participating in this reception and recession.
And North Carolina mistress has not been uh on the receiving end of cuts or much of anything else.
Uh I had no intention of starting the program this way.
This just arrived in the printer two seconds before the show started.
It just came in.
Anyway, the telephone number if you want to be on the program today, 800-282-288-2.
The email address L Rushbaugh at EIB net.com.
There is uh there's probably a lot of stuff in the stimulus package for mistresses.
But look, ladies and gentlemen, uh, we we now know what the uh the tax cuts are gonna add up to for those of you who get them.
$13.
What is it, a month?
13 Yeah, $13 a week will start $13 more.
So what if four times $52 a month?
$52 a month, which ought to buy some more cat food or dog food.
$52 a month starting in June, and next January, about a year from now, that'll cut back to $8.
Well, $32 a month, $8 a week.
That's what the tax cut is in the uh stimulus bill.
Now that's still they're not going to vote on it in the house until tomorrow because there's this big uh fight that broke out between Pelosi and Reed.
Now I have to tell you something.
I thought something was up yesterday, but I just I didn't put two and two together, but when Harry Reid, we were watching this yesterday, before the program ended.
Dingy Harry walks out there with a Republican turncoats.
And by the way, folks, I know you're mad at Spectre, and you're mad at Susan Collins and you're mad at Olympia Snow, but don't be.
There's no sense wasting energy getting mad when people do what you know they're gonna do.
We predicted to you before they even settled the Frank and Coleman race, we predicted to you that this whole notion of do the Democrats have 58 or 59 is irrelevant because they've got Olympia Snow.
They've got Susan Collins, and they've got they've got Spectre, and they've got a there are a couple other rhinos in there that now and then might flip flop and go Democrat.
So it's it's a waste of time to get mad over uh the actions that people take that are not surprising.
Now, in a way, so I try to find the good in everything.
And in a way, these people now have been exposed uh for once and for all.
And there was a huge cleaning of Rhino Republicans.
One of the reasons that we lost seats in the House was we got rid of bunch of these people, Christopher Shays, and that has led the Republican Party in order to wring its hands and whine and moan about, well, remember the Northeast.
We must have Republican representative from the North.
No, we don't, not if they're going to be liberals, not if they're gonna be moderates.
They may as well not even be Republicans.
If there aren't any conservatives in the Northeast that can get elected, then fine.
We don't need Republicans in name only.
So one of the reasons that we uh were where we are is that the party flushed a bunch of rhinos.
There are other reasons, of course, but uh th this is part of the cleansing process that's that's uh necessary here in putting things back together when we get our chance.
Now the um there was a giant surprise today among media economists and other economists.
They were expecting retail sales to drop 0.8%.
But shazam, retail sales went up one percent.
And Snerdly came in here today, and he was he was popping his buttons, and he was all excited.
He said, See, the market's taking care of this on its own.
The market's rebounding.
We may have bottomed out already.
We don't need the stimulus plant.
I said, Snerdly.
Hold on.
You're getting caught up in the reality of events, and with the drive-by media, we are not allowed to live in the reality.
We live in a in an alternate reality, which is presented for us by the Obama administration and then amplified by the media.
So let's I'm gonna make a prediction to you.
The way this news is gonna be reported, retail sales up a surprising one percent.
How can this be in a recession when so many people are losing their jobs?
One reason, one real reason, is that the plummeting price of gasoline since last summer has probably added at least $100 a month?
Or maybe more to people's disposable income?
That's one reason.
But here's here's what's gonna be said.
Here's what's gonna be said.
Well, if once they get over the shock, you know, they they were hoping for more bad news.
Now they're gonna have to do a quick 180 here and explain this this slight bump up of 1% retail sales activity.
Well, of course, Mr. Limbaugh.
Why the stimulus bills of all of 2008, George Bush's first package, and then the second stimulus package, and then the TARP money, $350 billion, all of that is starting to play out now, proving that government stimulus works, proving that Keynesian theory works.
Then, after they give credit to things that have had no impact on this, they will then say, obviously, the public's mood is improving.
The public is happier.
Obama has been inaugurated.
Obama is now in charge.
Obama is inspiring confidence in the American people once again, it all even though it's all BS, because every time Obama opens at pie hole, all he does is try to depress people even further by talking about how the catastrophe is right around the corner, it's worse than we even thought.
It's gonna get worse than we even know.
And even with my stimulus, it's gonna get worse before it gets better.
But they're gonna say all these things, if that just with that one percent bump, this is all about crediting Obama.
You know this is gonna happen.
Nobody's gonna say, hey, get out of this.
The market is on its own is fixing this.
There's the isn't gonna have And I you should have seen Snerdly Hangdong, hangdog walking out of my office.
His head was down, depressed and so forth.
I don't know if you were depressed over the fact that you didn't come up with this on your own, which you should have, or if you were just depressed at the solid reasoning that I presented to you.
Yeah, d you can't folks, the the key to getting along here, the key to maintaining your sanity in this current era is not getting stuck on reality.
Because if you persist in living in reality, and then you're going to turn on the drive-by's, and you're going to hear an alternate reality, and you are going to go nuts.
It's best to anticipate how they're going to play this.
And and laugh at I've got it, the realist real estate markets coming.
I I'm not denying any of this.
I'm not denying the 1% bump.
Real estate markets coming back.
Of course, the real estate market's coming back.
Mr. Obama is now in office.
He is serving, he is inspiring people.
He has stabilized a situation was in flux because of that rotten, horrible George W. Bush.
And besides that, the housing bubble brought on by the Bush administration finally burst, and there are much lower housing prices out there for people who want to be the first-time homebuyers or one who want to be first-time homebuyers.
This can be spun any which way you want, nerdly, that it will be spun so that it's all due to Obama and government.
So What makes you think anybody else would say anything different in this climate?
And given who populates Washington, D.C. today, I want to take you back to uh July 7th, 2008.
We're searching for the audio of this.
I could have sworn that we had the audio of this, but uh we checked the archives and we don't.
Shortly after George W. Bush proposed his first stimulus rebate check program.
Uh it was about March last year or February, with the checks beginning to arrive in June.
Remember this?
And what was the amount of those checks?
It was was it uh six hundred dollars, six hundred dollars for a single, and twelve hundred dollars for a couple, something like that, right?
None of us really remember because we didn't get it.
But I want to remind you of a quote from the first lady, Michelle My Bell Obama.
In context now, remember Obama's stimulus tax plan gets you 13 bucks a week starting in June, and that reduces to eight bucks a week starting in January.
Michelle My Bell was in Michigan.
This was just after she and her girls had a access Hollywood interview, making fun of their dad's ten-year-old slecks.
Michelle My Bell speaking to a group of people in Michigan.
You're getting six hundred dollars, meaning the rebate.
You're getting six hundred dollars.
What can you do with that?
I mean, not to be ungrateful or anything, but maybe it pays down a bill, but it doesn't pay down every bill every month.
Barack's approach is that the short-term quick fix kind of stuff sounds good, and it may even feel good for that first month when you get that check, and then you go out and you buy a pair of earrings.
Remember that quote.
So the first lady in June of 2008 making fun of a $600 rebate check, now praising her husband whose rebate plan gets you $13 a week.
And greetings and welcome back, Rush Limbaugh, talent on loan from God.
Telephone numbers $8282-2882.
And again, the email address is L Rushbow at EIB net.com.
Today is the 200th birthday of Abraham Lincoln.
And I watched a little bit of the uh Capital Rotunda ceremony celebrating the bicentennial of his birth.
For those of you who voted for Obama, Obama 200 years bicentennials, what bicentennial means 200 years, and I watched as um Obama came out, made his remarks about Lincoln.
It's amazing to me.
No, no, it's not it's depressing.
It's depressing how little is really known about Abraham Lincoln.
There are myths, uh, and then there are quite a few things about him are true, but there are uh a lot of things out there about him that aren't.
Many of these are being taught.
Here's just a portion of what Obama had to say about Abraham Lincoln, and and he and like like a lot of politicians do, he took the body of Lincoln's life and work and and and boiled it down to the fact that if Lincoln were alive today, he would want us working together in a bipartisan way for the stimulus package.
Here's what Obama said.
Even as we meet here today, in a moment when we are far less divided than in Lincoln's day, but when we are once again debating the critical issues of our time and debating them sometimes fiercely, let us remember that we are doing so as servants of the same flame, as representatives of the same people, and as stakeholders in a common future.
That is the most fitting tribute we can pay.
The most lasting monument we can build to that most remarkable of men, Abraham Lincoln.
Now Obama's trying to make himself out to be Abraham Lincoln, and this notion that Lincoln was some big bipartisan.
Now, I don't, folks, I don't I don't know how in the world Abraham Lincoln could be called a bipartisan by anybody.
Abraham Lincoln was one of the most partisan presidents we've ever had.
And you know what his bias was?
His bias was the Constitution.
He was biased toward the Constitution of the United States.
And he also knew.
See, at the time Lincoln was debating Stephen Douglas, and those debates, which Lincoln lost the elections, uh, the election after those debates, the Lincoln-Douglas debates in Illinois, they're reenacted to this day.
Those are the debates that gave Lincoln finally national acclaim.
But at the time those debates were taking place, the United States was expanding into the Western territories.
And the slavery argument was raging, and Douglas and others wanted to apportion slavery state by state.
One state would be slave, one state would not be.
And Lincoln vociferously opposed the establishment of a slave empire.
He was totally opposed to a slave empire.
For reasons that many people misunderstand, he just didn't believe that regardless what he thought of individual races, he did not believe that it was, I don't even know a word, it was just intolerable.
It was inhuman, the concept that one man could own another.
He knew the nation would not survive.
So he was a fierce partisan.
Abraham Lincoln went through living hell fighting the Civil War.
It ended up getting him killed, but he preserved and saved the Union.
Do you know how many generals he went through before he found Ulysses S. Grant?
He was ten or twelve.
He had ten or twelve generals that couldn't do the job of defeating the South.
And everybody who talks about Bush and how he goofed up by not putting Petraus in at first.
I mean, Lincoln had no military experience.
He had served briefly in a in an Indian war, but he never saw combat.
He had no military experience.
He was traditional civilian commander-in-chief.
But he was driven by principle.
He was driven by a goal and an objective, and there was nobody that was going to talk him out of it.
He was not about compromise on the thing that he said was the most important to him.
And he said, I hope I have God on my side.
Or he might have said, I hope I'm on God's side.
He said one of the two.
I don't remember which.
But he fervently believed there would not be a United States if the expansion of our country was taking place.
The South, even back then, wanted to annex Cuba, make it a slave state.
Lincoln was not tolerant of that.
And we hear all about diversity and tolerance And so forth today.
If Abraham Lincoln had been as Barack Obama just implied, why the Civil War would uh probably never have happened.
And who knows what this country would be like today.
It would be, it would not be one country.
Let's go to further audio tape.
This is CNN.
Solidette O'Brien this morning from Lincoln to Obama.
A feature that they are doing.
And she said to co-host Don Lemon, are you finding out people are learning about the president they may have thought they knew but didn't know a lot about, meaning Lincoln.
They actually are, and we're going to get into that as well, whether or not his legacy in some way has been romanticized.
People are learning a lot more about him, and especially now with the new president and his focus on Lincoln.
Of course, it's being taught in classrooms and schools, and people are coming here in Washington and learning more about the 16th president of the United States.
And listen to Ciara Phillips next.
Yeah, and we're going to talk a lot about the controversies as well and the differences.
You know, having a chance to talk to scholars here and even uh professors here, the generational questions that are surfacing the younger generation.
For example, we're gonna talk with some college students coming up in a couple of hours that say, hey, we're addressing the things such as uh Abraham Lincoln, the racist.
Was he gay?
Was his wife crazy?
Did he suffer depression?
These are sort of the controversial issues that are being discussed in classrooms here.
Right.
So Barack Obama is bringing Abraham Lincoln to a whole generation that's never been taught about Abraham Lincoln, and they're learning he might have been gay, that his wife was nuts, that he suffered from depression, that he was a racist.
Thank you, President Obama.
Thank you, CNN.
You are doing the job that everybody expects of you, taking every tradition and institution that defined this country's greatness and trying to rip it to shreds.
I started to say, and I got sidetracked by my own fertile mind, uh, that there was a giant fallout yesterday between Dingy Harry and Nancy Pelosi, and I thought.
Oh, here, now I'm going to interrupt myself again.
There's one more point I gotta make, I have to make about Abraham Lincoln.
I just get sometimes my patience wears thin when I see these these frauds, these pretenders like Obama try to attach themselves to the greatness of Abraham Lincoln.
He would want us to behave in a bipartisan way.
Same way, hey, save America.
Abraham Lincoln put his opponents in jail, and I'm about in favor of us doing the same thing pretty soon.
During the Civil War, Lincoln suspended habeas corpus.
That meant you could be thrown in jail without being told why.
All they had to do was suspect that you were subverting the Union effort to win the war, and they could jail you.
Lincoln set the equivalent of the National Guard in the day to the home of a Democrat back then who was running for governor of Ohio and had him put in jail.
And then after that, they sent him to Canada.
Because he was out there, he was he was ripping to shreds the United States of America.
He was doing exactly to Lincoln what Harry Reid and Nancy Pelosi and Barney Frank and all and Obama and Hillary were doing to George W. Bush during the Iraq War.
So Lincoln had him thrown in jail.
Then they sent the guy up to Canada, and the Canadians didn't want him.
He was such a badass.
They didn't even want this character up there.
So they sent him back.
Lincoln put his opponents in jail to say that he was bipartisan.
He was so singularly focused on preserving the Union that he didn't even tolerate dissent in his own ranks about it.
He put people in jail or otherwise silent.
He fired generals who couldn't get things done until he found one that could.
And by the way, everybody says they found Ulysses Grant, the only guy that could finally pull this off was an alcoholic.
He was a reformed alcoholic.
Or a recovering, as we say.
A recovering alcoholic.
Yeah.
There were so many myths about all of this.
You know, only a drunk could have directed the civil war.
Only a drunk could have told Sherman what to do to Atlanta.
Only a drum so many myths about this.
But I to hear to hear Lincoln portrayed as a bipartisan today.
I'll tell you what the best thing about this ceremony was today, and I didn't catch This man's name, but I guess he did the invocation.
And he had more great things to say about Abraham Lincoln than Obama knows.
He thanked God for the gift of Abraham Lincoln.
He was well spoken, had a great voice.
I just but I didn't catch his name because the drive-by's on whatever channel I watched had to run a graphic banner's Obama preparing to speak at Lincoln bicentennial.
I said, would you please tell me who the guy is because I don't have the sound up.
Because I I hate listening to the sound on television.
I read close captioning.
At any rate, uh thank God for Abraham Lincoln is absolutely right.
Now yesterday, Dingy Harry goes out there with uh, and he's got his Rhino Republicans with him.
You got Susan Collins, who I remember telling, I watched what she said yesterday was pathetic.
It was embarrassing.
It was embarrassing.
I of all the brain cells that she has, the ones that are the size of an amoeba were the ones working yesterday was just pathetic to listen to what she said.
I didn't hear what Spectre said, but people told me what Spectre said, and it was m not much better.
I did hear what Senator Daniel in No Way from Hawaii said, and that was it's all just we are being rolled and we are being smoked like nothing we have ever seen happen before.
This is just such an outrage.
Dingy Harry, there is he wanted to be the he wanted to get all the credit.
He wanted to he wanted to bask in all the lights of the cameras.
So he goes out there and he announces the deal.
And when my red flags went up, when my antenna went up, is when Dingy Harry started in with some of the most sickening praise for Nancy Pelosi I have ever heard.
He said we couldn't have gotten this done without her.
I've spent a lot of time on the phone with Speaker Pelosi today, and I want to thank her for her great contribution.
I wanna she's not here with us right now.
Well, the reason she wasn't there was that she was blowing her stack over in her office.
It was not a done deal, and she felt like she was being rolled.
She felt like she was being uh pressured into supporting the Senate version of the bill when she had no intention of doing so, because there were some things in it that look it, it's liberal Democrats arguing with each other, so don't get your hopes up here about significant changes.
Uh liberal Democrats are the ones bickering with each other about this.
But then the Pelosi office yesterday put out a story.
We purposely stayed out of that meeting.
We're the ones that played Reed like a violin.
Well, whatever the case is, the bottom line is the House didn't vote yesterday, and the House isn't voting today.
And there is a story here today from Heritage, the Heritage Foundation.
Our good buds at Askheritage.org.
The anticipated vote in the House of Representatives on the porculus bill has been delayed.
It won't occur today as scheduled.
Reasons were not given, but the decision does follow a morning of debate where Representative Jack Kingston, a Republican of Georgia, complained that members are being asked to vote on a bill they still had not seen.
Pelosi had distributed an overview, but not the actual text, and she still has not shared the details of the bill with her Republican colleagues.
The text of the Nelson Collins compromise, that's Ben Nelson and Susan Collins, had been roughly 778 pages, but the now agreed to conference report has doubled to a whopping 1,043 pages.
There is not a living breathing soul elected to office who has read every one of those pages.
But in possibly the most bizarre parliamentarian argument ever made, according to the National Journal's Congress Daily, quote, Democrat lawmakers fired back that Republicans didn't need to see the bill anyway, since none of them voted for stimulus when it moved through the House the first time and would probably stand in opposition.
So he said, you guys didn't vote for it.
What do you need to see it?
Why do you need to see what's in it?
There is a loyalty oath being demanded from Pelosi on down to her blue dog Democrats and others.
And the fight that's going on is not really doesn't even involve the Republicans.
What's going on here is that Pelosi is miffed that some things that she wanted were not in the compromise, and she's bound to determine to put them in there.
I don't I don't know why they still use paper, Mr. Snerdley in the in the era of uh advanced IT, information technology, uh computerized.
They it is computerized.
I mean, you go to the Oh, oh, that reminds you, there's another provision in the bill.
Get no, no, no, wait.
There's a provision in the bill that requires the public or allows the public 48 hours to look at it on the website before it's voted on.
So a provision in a bill is even going to be violated.
So they can violate that provision, they don't have to listen to anything.
Now I do have I I've got a list of things that are that are in the bill.
I I really I don't even feel like wasting time going through it.
It's just would you you want to hear some of them?
Okay.
I certainly wants to hear some.
I I just it's it's folks, it's pathetic.
It is it is it's a disaster.
There are billions of dollars in spending exclusively to benefit federal employees, five and a half billion to make federal buildings green, 198 million to design and furnish the Department of Homeland Security Headquarters, $200 million for workplace safety at the Department of Agriculture, $75 million for the Smithsonian, $300, $300 million more for hybrid and electric cars for federal employees.
That's on top of the $600 million that was previously authorized.
$180 million for the construction of Bureau of Land Management Facilities, $500 million for wildland fire management, $110 million for construction for the U.S. Fish and Wildlife Service,
$522 million for construction of the Bureau of Indian Affairs, $412 million for centers of disease control headquarters, $500 million earmark for the National Institutes of Health Facilities in Bethesda, Maryland, $100 million for constructing office buildings for the U.S. Marshals.
$300, you want me to go on?
$300 million for constructing FBI office buildings, $800 million for conducting federal prison system buildings and facilities, $307 million for constructing National Institute for Standards and Technology Buildings, $1 billion for administrative costs and construction of National Oceanic and Atmospheric Administration office buildings.
That spending that I just shared with you was added to an earlier version of the bill, which also benefited federal employees by splurging on the following.
So in addition to what you just heard, what we just heard was added to what was previously in the bill, $600 million for the cars, now $900, $125 million for the DC sewer system, $75 million for salaries for FBI employees,
$6 billion to turn federal buildings into green buildings, and that's now $11.5 billion, $88 million for renovating the headquarters of the public health service, $5.5 million for energy efficiency initiatives at the VA National Cemetery administration,
$60 million for Arlington National Cemetery, $75 million to construct and use security training facility for State Department Security officers when they can be trained at existing facilities of other agencies.
$110 million for the Farm Service Agency to upgrade computers.
$200 million in funding for the lease of alternative energy vehicles for use on military installations.
So the second list I read you is what was already there.
The first list is what's been added to it.
Then there's wasteful spending not targeted at federal employees.
That's this list.
$2 billion for a future gen near zero emission power plant in Matoon, Illinois.
$2 billion for manufacturing advanced batteries for hybrids.
Speaking of which, have you seen the latest figures from Ford?
Ford Motor Company may have bottomed out.
Ford Motor Company is adding shifts and employees to build the F 150 pickup.
And their SUV hybrid sales are in the tank.
It's the pickup trucks.
The people are not buying the cars that Obama wants them to buy.
They're buying hog pickups.
And it's so much that Ford's having to retool and reemploy.
Meanwhile, $2 billion to manufacture advanced batteries for hybrid cars.
$650 million for the digital TV transition.
$1.2 billion for summer jobs for youth.
$200 million for public computer centers at community colleges and libraries.
$750 million earmark for the National Computer Center.
$850 million for Amtrak above its annual subsidy.
$100 million for lead paint hazard reduction.
$275 million for flood prevention.
It just goes on.
It just it just never stops.
Now I can tell you in what is this taking me?
It's taking me seven minutes just to read a list.
I could tell you the tax cuts in 45 seconds.
The name of the Ohio Democrat Congress and Lincoln threw out of the country through in jail was Clement the Landingham.
In case you want to look it up.
Clement Villandingham was the one tossed by Lincoln.
This business of Grant being a drunk, he was um he was a small guy.
He was like 5'7, almost 5'8.
He weighed 145 pounds.
He couldn't hold his booze very well.
Um it was what might be called today a binge drinker, but he was not an alcoholic, and he never drank on the job.
He drank after the job.
They drink on the job, and when uh some people you'll remember, you probably heard this this uh this anecdote.
Uh people that were opposed to Grant, and everybody has enemies.
People who are opposed to him went to Lincoln, said, Look at you got a drunk here running your army.
Lincoln said, send whatever Grant is drinking to every one of my generals.
Because Grant was the only guy getting anything done, or getting any is getting the most done.
Here is, and by the way, what this set you up for the monologue segment in the next hour.
We are going to be given so many attaboys to Cessna.
Cessna, manufacturer of corporate jets.
They deserve to have their praises sung today, and I'm gonna sing them at the top of the next hour.
In the meantime, this is Andrea in the wealthy, wealthy, wealthy enclave of Bucks County, Pennsylvania.
Hi.
Hi, Russ.
Thanks for the sanity.
Yes.
Um I have two questions for you.
The whopping $13.
Is that before or after taxes?
What does it matter to you, Andrea?
You live in Bucks County and you're not gonna see it.
Well, that may be true because there is no one in Bucks County that is poor.
You know that, right?
That's yes, that's why I introduced you as from the wealthy, wealthy.
I well, a lot of Bloomberg employees live in Bucks County and commute to New York.
Well, I shop at Target.
Um my second question is what exactly is the interest we're gonna wind up paying on this thirteen dollars?
Well, you know now I I have to tell you.
No, you're your your question here is the 13 before or after taxes is a great question.
It's gonna be before taxes.
That's gonna be in your gross.
So the the the the It's not a 13.
But it's not it's not a tax cut.
It's a tax credit for all of the there are the in this bill, there are there's supposedly lots of business tax credits, but here's how this works.
You have to pay your full tax, whatever your full there's no rate reduction for anybody.
So you pay your full tax and then you apply for the tax credit.
Your account will do it, and some businesses you'll have fifteen years to pay it back.
So you'll have much on that.
Well, for individuals, this thirteen bucks.
I um it is going to be withheld, and so it'll no, I think it's net.
Now that I think about it, because the people are talking about the things I've read about it here say that uh after they reworked the withholding tables, it'll take them that long till June to get this done, so you'll see an additional thirteen dollars net.
You know, it it makes me crazy.
My you know, I worked two jobs when I was in college.
Uh came from a blue-collar background.
My husband, blue-collar background.
He's a son of immigrants, his father didn't go past the fifth grade.
Oh, get me the violins.
You know, he he worked two jobs when we were in school, and now we're going to be punished because we're successful.
Exactly.
Welcome to the America of Barack Obama.
Um I talk to people who finally get it.
Let me see if I understand this.
The federal government in this stimulus bill can spend hundreds of millions of dollars refurbishing buildings, executive suites, building new buildings.
But Merrill Lynch cannot spend one point two million dollars of its own money to refurbish an executive suite.
I got that right.
I think I do.
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