All Episodes
Previous Next
Feb. 25, 2009 - Rush Limbaugh Program
37:10
February 25, 2009, Wednesday, Hour #2
| Copy link to current segment

Time Text
Yeah, yeah, yeah, I know.
One more thing about Bobby Gendal here.
Two years ago, if you had taken a poll among people who know Bernie Madoff, he would have had a 99% approval rating.
And the guy who had blown the whistle on him would have had a 1% approval rating.
Today, Bernie Madoff has a 0% approval rating, and the guys who blew the whistle on him are now being asked, why didn't you speak up louder?
Barack Obama has whatever his approval rating is.
Somebody told Bobby Gendal to act like he was talking to first graders last night.
I don't know who advised him to do it.
That can get fixed, but don't throw this guy overboard, and our side is doing this, and it is a huge mistake.
If we're going to start throwing genuine conservatives overboard for some of these specious reasons, we deserve to get our butts beat every election.
Greetings and welcome back, Rush Limbaugh, the EIB network.
800-282-2882.
One hour from now, our female summit begins.
Instructions to callers to come in due course.
Bobby Gendal and this whole business here of his speech and how it was not delivered in such a great stylish way.
How about the story he told?
During Katrina, people on their rooftops, line after line after line after line of rescue boats.
Federal bureaucrats would not let them leave without proof of insurance.
Local sheriff told a bureaucrat, Sue me.
Arrest me.
I'm going to rescue people.
Jendal heard him, said, What are you talking about, Sheriff?
Sheriff told a story.
Gendal gets on the phone to the bureaucrat.
I'm Bobby Gendal, Congressman.
Louisiana.
You can arrest me too.
And they set out on the boats, and they said to hell with FEMA.
And they went and got the job done.
They didn't wait around for the bureaucracy.
That story is the antithesis of where America is today, and it's the kind of story that America needs to hear and understand it made the country great.
I'm going to do one more thing on this, and then I'm going to move on.
As you know, one of my big bugaboos, and it's related to the whole Bobby Gendal reaction, is the fraying and fractious nature of what was once a vibrant conservative media.
Many in the so-called conservative media have cashed out.
They've checked out, they're trying to be the smartest people in the room.
These are the people saying Reaganism is dead.
The era of Reagan is over, while they watch the Democrats co-opt it.
One of these people is David Brooks of the New York Times.
David Brooks used to be so conservative that he was a co-founder, co-editor with Bill Crystal of the Weekly Standard.
Now he's at the New York Times.
He wrote a column yesterday in the New York Times entitled The Big Test.
Here are excerpts.
Readers of this column know that I am a great ad oh, by the way, David Brooks last night on PBS referred to Bobby Gendal's conservatism as stale.
The stale conservatism of a bygone era.
Translation of Reagan.
While Obama's doing his best to sound like Reagan at strategic points in his own speech.
Readers of this column know I'm a great admirer of Barack Obama and those around him, and yet the gap between my epistemological modesty and their liberal worldviews has been evident over the past few weeks.
Mr. Brooks, with all due respect here, admitting that all of a sudden now you're seeing this gap between these people that you like and their liberal worldview, you're just now seeing it.
See, this is the problem.
You see the past few weeks you've been noticing it.
David, some of us knew this years ago and tried to tell you when you were suggesting that we needed to nominate somebody who was gonna have a lot of this liberalism in them, defined as moderate, in order to win constituencies rather than people.
The people in the administration, he writes, are surrounded by a galaxy of unknowns, and yet they see this economic crisis as an opportunity to expand their reach, to take bigger risks, to tackle every problem at once.
Yes.
This is what authoritarians do, David.
Ram Emanuel said crisis is a terrible thing to waste.
What did you think they were going to do?
What you think is right for America?
How could you have ever been a conservative and not see who these people are?
President Obama has concentrated enormous power on a few aides in the West Wing.
Yeah.
This is what community organizers do, David.
None of this is a surprise.
We've been trying to warn the country about this.
In fact, even today, Robert Byrd in the political story by John Bresnahan.
Senator Robert Byrd, the longest serving Democrat senator, is criticizing President Obama's appointment of White House Tsars to oversee federal policy.
He says these executive positions amount to a power grab by the executive branch.
Bob Byrd's right.
Robert Byrd's right, just like that that uh infallibility summit.
Where's the separation of power sphere on that?
The President of the United States bringing up a bunch of sycophant members of Congress and the Senate to work in a totally phony way in breakout groups on solving problems.
Where the hell is that?
And reporting back to him.
All for his PR propaganda TV show.
Byrd um Byrd understands it.
He sent Obama a letter complaining about Obama's decision to create White House offices on health reform, urban affairs policy, and energy and climate change.
Byrd said that such positions can threaten the constitutional system of checks and balances.
Duh.
What is the Constitution, capitalism, have been under assault by liberal Democrats, right under our noses, right in front of our eyes for decades.
And the idea expressed by David Brooks and others that we need to somehow emulate this in our own smarter, more constructive way just to get votes is puzzling.
Because these people are smart.
Friedrich von Hayek, one of my most admired people, an economist among the places he taught was the University of Chicago.
Free Market Capitalist Road to Serfdom, great book, The Constitution of Liberty, a great book.
George Will asked Friedrich von Hayek in 1975.
Professor Van Hayek, I'm paraphrasing.
Professor von Hayek.
How do you explain that so many intellectuals and particularly economists do not see right in front of them the success and bounties of capitalism?
And want to do away with it.
And von Hayek said, I have troubled over this for years.
And the only thing I can conclude is that for intellectuals, the excitement is in controlling things.
And you don't control things in capitalism.
You control things in socialism.
Friedrich von Hayek, brilliant, laid it right out.
It's all about power.
It's all about control.
And that's what Obama's about.
And anybody paying half attention to the last two years and then looking at Obama's associations and his votes would have to conclude that he is a man mostly at odds with his public pronouncements.
And announced for Mr. Brooks to say, well, I'm just now figuring out here three weeks so ago that my God, there's a lot of liberals in there.
I you remember I had lunch with President Bush a week before the Immaculation in the dining room off the Oval Office.
And of course, these are most of these things are off the record, but one of the things he told me, he said, I don't know, I don't know how he's going to govern this country, or he's going to have all these White House czars.
He's going to have all these people in the White House usurping the role of his cabinet guys.
I don't know how this is going to function.
I don't know how anything's going to get done.
Only czars, and that's what President Bush called them czars.
Well, that's what Robert Byrd's writing about.
The way I interpret it, cabinet nominees are there for show.
The cabinet nominees are the people we see, the czars will never see.
The czars we won't hear about.
The czars are going to do the work while the cabinet people are.
It's like Ram Emanuel.
Rahm Emanuel has taken over the census from the Commerce Department.
Now, this has happened before in another word.
Clinton took over the Commerce Department.
He put Ron, well, he actually gave to commerce a State Department function so that one of his big contributors could give space secrets to the Gycoms.
That was Bernie Schwartz at Lorel.
This is what Democrats do, Mr. Brooks.
This is what liberals do.
Von Hayek was right.
It's about intellectuals wanting to control things.
Only they have the answers.
Everybody else is too smart, unsophisticated.
So now Mr. Brooks is, yeah, Obama's concentrated enormous power and a few aides in the West Wing.
If ever this kind of domestic revolution were possible, this is the time and these are the people to do it.
The crisis demands a large response.
You mean like someone tried to do on election day that revolution against all of this that you supported?
Mr. Brooks.
These aids are unrolling a rapid string of plans, three million jobs, redesign the health care system.
Mr. Brooks, it's take over the health care system.
Save the auto industry.
Right, they're really demonstrating know how to do that.
How are we going to save the auto industry?
You know how we're going to save the auto industry?
We're going to put cap and trade.
We're going to put all kinds of cafe standards on them.
And Obama last night announced a federal lending program.
The hell with the banks.
The government is going to lend you money to go out and buy cars and pay off your credit card debt.
He was in a speech last night.
All while cutting the deficit in half, by the way.
And Mr. Brooks says if ever this kind of domestic revolution were possible, this is the time, and these are the people to do it.
No.
Well, in one sense, maybe it's not the time.
It's never the time for this kind of thing to happen.
But these might be the people to accomplish decimating capitalism.
Our crisis demands a large response, he says.
I worry that we're operating far beyond our economic knowledge, Mr. Brooks writes.
Every time the administration releases an initiative, I read 20 different economists with 20 different opinions.
I worry we lack the political structures to regain fiscal control.
Mr. Brooks, what we lack is anyone in government who knows anything about economics and business.
And you helped elect them.
That is what we know.
Mr. Brooks worries that we lack the political structures to regain fiscal control.
None in the Obama administration think that.
They got us right where they want us.
They want to be the fiscal control.
They are the political structure.
They don't know what they're doing.
They resent Mr. Brooks.
Achievement within the context of capitalism.
It was on display last night, if you listened right.
If you listen closely, the resentment for bankers, the resentment for Wall Street, the resentment for achievement, and it's all over the place.
It's not just Obama.
It's John Kerry says, I'll be damned if bankers are going to sponsor golf tournaments and throw parties to increase their customers.
They're not going to happen.
And Barney Frank has said the same thing.
And they're passing legislation, Mr. Brooks.
Now I know it's supposedly about TARP money, but the bank in question, Northern Trust, did not want the TARP money, did not need it, they were profitable.
This is their second year sponsoring the PGA of in it at Riviera.
And they did the right thing.
They hired a bunch of liberal performers.
Hit Chicago, they had Sheryl Crow.
They were stimulating the economy in Los Angeles.
That didn't meet with the approval of the central planners, Barney Frank and John Kerry, and certainly not Barack Obama.
How in the world can you even say, Mr. Brooks, or any of you that these are great minds?
These are great enemies.
These are great enemies of freedom.
These are great enemies of liberty.
And they're using populism and class envy to create a bunch of peasants with pitchforks hating people they don't even know.
Bankers.
People that have private jets, larger homes than they do.
Mr. Brooks then says, all in all, I can see why the markets are nervous and dropping.
Really?
Mr. Brooks.
I you know, I don't, I'm not trying to sound hoity, haughty here and holier than now, but none of this surprises a lot of us.
We instinctively and educationally know that what this administration is doing is antithetical to free markets.
Right now, the expression of free market behavior is Wall Street, Nasdaq, other investment players.
We see that everybody is shorting the stimulus, Mr. Brooks.
They're shorting it, they think they're not they're selling out.
They expect markets to plunge even further.
NASDAQ down 25.72 as we speak.
Dow Jones Industrial Average down 128.
After the greatest speech we've ever heard, after the most uplifting speech we've ever heard.
All in all, I can see where the markets are nervous and dropping.
And it's also clear that we're on the cusp of the biggest political experiment of our lifetimes.
Yes, Mr. Brooks, and it started when we elected the least experienced, accomplished person in the history of America to be president, and you failed to notice that.
We elected an agitator.
We elected a community organizer.
We elected an authoritarian.
If Obama is mostly successful, then the epistemological skepticism, natural to conservatism, uh conservatives will have been discredited.
We will know that highly trained government experts are capable of quickly designing and executing top-down transformational change.
Highly trained government experts, is that an oxymoron, Mr. Brooks?
Because I don't know that we have ever had government experts capable of quickly designing and executing top-down transformational change.
That's for the better.
If they mostly fail, he says, then liberalism will suffer a grievous blow, and conservatives will be called upon to restore order and sanity.
Take a stand here.
Mr. Brooks, take it take it's about time.
If they mostly fail.
Mr. Brooks, here's the great fear.
The great fear is that this economy is so powerful, so made up of great Americans, entrepreneurial spirit.
We are a competitive people, Mr. Brooks.
We tell our little kids not to keep score, they keep score.
They know when they're winning and losing.
Americans know when they're winning and losing and don't like losing.
George Patton said it.
For which Obama will be able to claim credit where none is due.
If there is an economic uptick sooner than people expect, it'll be because the American people, Mr. Brooks, because there's no stimulus in this bill.
There's nothing.
And Mr. Biden was asked about well, what about the stimulus of small business?
Well, we're going to build a bridge you can get to your business.
He was serious.
It'll be interesting to see who's right, but I can't even root for my own vindication.
The costs are too high.
I have to go to the keyboard each morning hoping Obama's going to prove me wrong.
Well, if you want to be proved wrong by Barack Obama, and you're going to call yourself a conservative columnist, Mr. Brooks, you need to drop conservative from your title, cause the two don't go together.
Back after this.
Stay with us.
And we're back.
Here's Bobby Gindle on the Today Show this morning.
Meredith Vieira says you just heard the vice president take you to task for some of the words you brought up last night.
Said basically, he's heard all about the criticism, but you never say what you're gonna do.
The Republicans have laid out a plan.
For example, rather than spending a billion dollars on the census, 300 million dollars by federal government cars.
Instead of all the wasteful spending and the stimulus, why not do what they first said they were going to do?
Let's do targeted infrastructure investments.
Let's do tax breaks.
Let's lower permanently the tax, lower tax rates on the lower tax brackets of the income tax.
Let's cut taxes on capital gains.
Let's give a more aggressive net carry forward of losses for small businesses.
Here's the fundamental disagreement.
We think we do need to work to get the economy moving.
We think it's more important to get the private sector moving rather than just spending government money.
We need to focus on getting our businesses to hire people to create jobs.
That will help to address the challenges that our country is facing.
And that's Bobby Jindal doing and expressing conservatism in a clear and articulate way.
Direct contrast to that coming out of the mouth of Obama.
So the guy is good, folks.
Don't throw him overboard.
By the way, speaking of Bobby Gendal.
As you know, he said he doesn't want to take some of the stimulus money because it'll wreck the law and the budget on unemployment compensation benefits in Louisiana.
Guess who's joining him?
The Democrat governor of Tennessee says he might reject a portion of his stimulus out of concerns it would force the state to raise taxes on business in the future.
Exactly what Jindle said.
This caused Chuck Yu Schumer to come out and say, hey, you can't just take Alan Cart here.
You gotta take it all or take nothing.
But a Democrat governor.
Now parroting Bobby Gindle.
Back in a moment.
We go back to uh the phones.
Wait, have we been to the phones?
We have no starting with the phones, Joe in Richmond, Virginia.
Great to have you, sir on the EIB network.
Hello.
Rush, hello.
God, this is an honor.
Uh God bless you and everything you stand for.
Thank you, sir very much.
Um I was watching the uh uh what do you call speech last night, and early on uh Obama said twice that um something about he was talking about the credit crunch and the lack of credit to businesses, and he made the comment about um businesses now can borrow the money to make the payroll, and he said that twice.
I don't know if you caught that, but I was floored when I saw that or heard that.
And I just wanted to know your thoughts on the Well, he said he what he he he said I I know he mentioned it twice.
What he was basically is he was he was selling the concept of credit.
He was selling the concept of debt.
That America can't be great without debt, without credit.
It is how businesses expand, it is how you buy a car, you buy a house.
Some of you, some of you have no need for credit buying a house.
Uh and he said it's how businesses make payroll is with credit.
I there may be some businesses that have had to borrow, but if you if businesses have to borrow to make payroll, we're in we're in deep the businesses in deep doo-doo.
Uh what Obama was doing with that, remember you pay no attention to what he says.
I he means the opposite in most cases of what he says is irrelevant.
What the whole purpose of that was to once again dump on the banks, dump on the bank CEOs, because guess who's not lending?
They aren't.
So they're being blamed for the lack of economic growth.
Their corporate jets were trashed last night, their partying was trashed, remodeling was trashed.
Um this whole concept of debt with no collateral is what got us in the problem that we are in.
Credit is necessary, obviously, but it's not the lifeblood.
He tried to make it out to be the lifeblood simply because he wants to attack the people who are not extending it right now.
See, this is what I mean.
If you're gonna watch Obama, you have to do one of two things.
Don't listen to what he says.
Or subset of number one, just assume the opposite, because he doesn't mean it.
give you, I wrote down an example here and let me see if I can find it.
Okay, he declared war on earmarks last night while preparing to sign a bill with 9,000 of them in it.
The next bill he's gonna sign into law, 400 billion dollars, 9,000 earmarks.
He knows there are earmarks, he knows you don't want earmarks, he's gonna tell you that he opposes them.
He's gonna tell you there aren't any.
They're there.
The words are not meant to be taken literally.
They're just words that he thinks that you want to hear.
They're not for analysis.
They are for feelings.
When he was attacking bankers, he wasn't attacking bankers.
He knows you wanted to hear him attack bankers.
I will guarantee you when he talks to bankers in private, he's not attacking them.
They're his best buddies.
They voted for the son of a gun.
He's told them it's for show we have to do this.
Don't that's why I'm not doing a you know line-by-line analysis of what Obama said, because it doesn't mean anything.
It literally doesn't mean anything.
So Dalia Missouri, Alan, welcome to the EIB network.
Hello.
Hello.
I salute the light within you, man.
Hey, I'm calling because I've had my own business license since 1976.
Um and when you played that quote from Joe Biden this morning, I did not hear it on the TV, but we when he said they uh he he had an opportunity to say something to small business.
You know, the life of America, the the the creative aspect of America.
And and a woman calls up and asks him, what is in the plan for small businesses?
And he literally says, if the bridge across the creek is out, I mean, that just reveals what he thinks of small business people.
Like we're sitting out here in the woods, and if the creek listen, I'm a I'm an artist and a sculptor.
That's what I do.
I have a weird kind of a business.
But I tell you something.
If the bridge across the creek is out, I'm gonna build a damn bridge.
Let me tell you something.
I just watched a movie about a sculptor and an artist, and he had two women living with him in Spain, so it's not a bad move.
Yeah, well, you know, I could tell I I I went to art school in California in the late 70s rush.
And I I have to tell you, I used to hate you.
I thought I hated you, but I didn't know you.
But I started listening to you, and buddy, you changed my life.
So God bless you.
Thank you very much.
You know, you you you made an interesting observation, Alan.
Yeah.
Here Obama or Biden, rather, is is is basically thrown in a hanging curveball.
What's in the stimulus for small for a small business?
Exactly.
I mean, don't you think he'd be ready to answer the question?
Well, he'd have to lie, which is not hard, but he knows there's nothing in it for small businesses other than a tax increase.
Well, uh, so you know, all they gotta do is turn on the in fact to tell you what, folks, if if you if you make less than 250,000 right now, let me give you a piece of advice.
Stop at 249,000 on your way up the ladder.
Because once you hit 250, you're gonna be paying a 40% federal tax.
Then you're if you're if you're a small business in sub-S, you're gonna have a higher corporate tax and uh a number of other things.
Ninety-five percent of Americans getting a tax cut, another lie last night.
95% of Americans don't pay taxes.
About 43, 30 or 40% of people don't pay taxes, they're gonna get a tax cut.
It's not a tax cut, they're gonna get a welfare payment.
But and you're paying for it.
But Biden asked point, well, what's in the stimulus for small business?
There's nothing.
That's why he couldn't get specific.
There's nothing in there.
And literally nothing.
Here, here's the bite.
Here is audio soundbite number 11.
You want you to hear this.
It's the CBS early show today.
Maggie Rodriguez plays a question from a caller to call her uh the from a viewer.
The viewer basically says, Senator Biden, I've been in a small business a long time.
What's in the stimulus bill for small business?
I would recommend that woman call my office directly, and I will be able to guide her as to how what pieces of this package would be directly helpful to her.
For example, it may very well be that she's in a circumstance where she is not able where customers aren't able to get to her.
There's no transit capability, the bridge going across the creek to get to her b uh business needs repair.
It may very well be that she's in a position where she is unable to access the her energy costs are so high by providing smart meters by being able to bring down the cost of her uh of her uh workforce.
So expect a call from Lisa.
She should call me directly later today.
Okay, very good.
There you have it.
Um Joe Biden.
With his answer to all of you in small business, what's in the stimulus built for small business?
Well, we're gonna keep the bridge open to get you to your work.
Well, what if I don't need a bridge to get to work?
Well, we're going to fix your thermostat.
So you can keep your employees paid or whatever.
It's just all you can do here is uh is is laugh.
The blind leading the blind.
And folks, the the the realization of what we're dealing with here is not going to occur overnight for people, the great unwashed.
It's going to take six months a year.
So just be patient.
You know, you can't, it's it's very unrealistic to sit out here and think that some single event's going to blow this administration up.
The timing is not right for the administration to blow up.
It ain't gonna happen yet.
It's it's it's it's gonna be a while before you know all the things come together for this to blow up.
We'll be here, we'll tell you when it's time to blow them up.
Uh politically speaking, but it's not there yet.
In fact, Barney Frank, this is hilarious, too.
Audio soundbite number one, Barney Frank, House Financial Services Committee hearing today.
And he's uh this is a montage.
Barney Frank was just irritated as hell because people's pagers kept going off, and he kept feeling like he was interrupted, and he sort of loses his composure, and he's telling everybody to shut up and be quiet and so forth.
He's trying to conduct a hearing, and then it's Ron Paul's turn.
And Barney effectively shuts him down, keeps throwing fits and chastising people for interrupting.
With a gentleman to spend, if members are leaving the vote, please do it quietly out of consideration for the members who ask you questions.
Let me repeat to my colleagues leaving the room.
Please hold your conversations till you leave.
Gentlemen may continue.
The gentleman's time is expired.
You used up some of my time, remember?
Who did?
No, they start when you start.
Uh we will break for the votes.
All those pages have a shut off.
Please use it.
Now Ron Paul was on the verge of nailing Bernanke on elements of the stimulus package.
Ron Paul was on the verge of nailing Bernanke, who was the it was the witness.
And that's why Barney Frank shut him down.
That's why Barney Frank shut him down here.
But Barney was irritated anyway because nobody was listening to him.
They're answering their pages.
Members are getting up and leaving to go do other things.
That's why Barney suspend the conference.
Before you get under the sea, we're gonna look questions.
And so forth.
Then there's this.
This is uh let's see.
What did what's the next bite I gave you because I've already.
Yeah, 23, so let me find 23.
Uh well, this is Barney.
What's it about?
I can't, I'm all over the place here.
The Barney Franks were not on the same page.
23, 23.
I'm trying to find the.
Oh, yes, here it is.
Here it is.
This is Barney Frank sending a letter talking about the letter he sent to the chairman of Northern Trust who violated the principles of totalitarian government through a party that'll go up 200 with with with with torf money.
I have written to them and asked them to return to the treasury at least as much as they spent on this whole affair.
They are endangering our capacity as a society to pull together by taking federal funds with the one hand and engaging in this kind of luxurious indulgence on the other.
None of your damn business.
It was their money.
They did not want TARP money.
They took 1.6 billion.
How do you know they spent TARP money on this?
This is the second year they've sponsored the tournament at the Riviera Country Club.
Folks, this is this.
You you have these little lightweights who themselves obviously are very envious and jealous of successful people who finally get to lay the hammer down on them now.
And uh this is what's happening.
One quick note here before we go to the break from the Heritage Foundation.
Ask heritage.org.
This is a piece.
We've talked about this great school in Washington for uh African American minority kids.
Some worried D.C. school children recently asked President Obama to continue the highly successful DC Opportunity Scholarship Program.
The program which allows parents the choice to take their children out of failing public schools is in danger of being Scrapped completely after the 2010 school year.
The children in these schools have pled, they have pleaded with the Obama administration to keep their school open.
He read a letter from a little girl in South Carolina last night.
Well, he's gotten letters from kids at this school in Washington, begging him not to close the program.
However, a measure hidden in the omnibus spending bill, this $400 billion thing with all the earmarks, effectively eliminates the program in Washington, D.C. And this is one of Snerdley's favorites.
Snerdley's one that told me about this.
These kids get out of these rank-failing uh inner city public schools.
They're actually learning.
They like being there.
The parents can't wait to send them there.
They're African Americans.
The program's being shut down.
It would make it so the funds have to be reauthorized by Congress, as well as approved by the D.C. City Council.
As heritage asks themselves, I mean, who can who can be against a program that costs less per student than traditional federal programs and improves the school appearance or experience of children and parents alike.
The $13 million cost of the DC Opportunity Scholarship Program is a drop in the bucket compared to the $68 billion in the federal budget for the Department of Education.
The stimulus bill alone will add $140 billion over two years to the Department of Education's already $68 billion, including $15 billion for Pell Grants.
Cutting this program would hurt only children already disadvantaged.
The average income of families who get scholarships to this program is $22,000 a year.
Everybody should have a choice in education, not just the wealthy.
Obama shutting it down, Congress shutting it down.
They want these kids in these failing schools that he talked about fixing last night.
Ask heritage.org.
You will be amazed.
Folks, you might even learn something before I learn it.
Not for long, but you might learn something before I learn it if you visit AskHeritage.org.
Be back after this.
Stay with us.
Amazingly, ladies and gentlemen, uh, some of the brightest.
A most informed and effective conservatism is now found on CNBC.
Larry Cudlow has a program called a Cudlow Report.
It's at 7 p.m. on CNBC's talking with Democrat Senator Bob Casey, Pennsylvania.
Last night, Cudlow says, are the Democrats, your party, in danger right now?
Are they on the edge of relapsing back to a 67 uh 1907 style big government spending welfare entitlement?
Is that a danger?
Has your party relapsed into that old big spending label?
Now here's a montage of Bob Casey's answer to the question.
Democrats have demonstrated, at least in our recent history, that uh we know how to balance a budget.
I'm happy that the president made a commitment, put us on a path to uh cutting the inherited deficit in half by the end of his first term.
We just went through a period where we had tax cuts for the wealthy galore.
I mean, we've never seen tax cuts like this, and we're in the ditch now.
I think we got to get out of the ditch.
This exasperated a guest later in the program, Charles Gasparino, who works at CNBC's, their on-air editor.
He also writes for the New York Post.
And Chuck Grasperino and Larry Cudlow have this exchange about what you just heard.
I'm going to say why your last guess was a little full of it.
Do you realize that Senator Casey just blamed the economic troubles we're in right now for tax cuts?
It was absurd.
And let me tell you something.
Here's I'm going to give him a little lesson.
There's a stock market bubble.
It blew up on the Bill Clinton because of a recession.
George Bush inherited.
Guess what he did?
He cut taxes.
Guess what?
Things got better.
I can't stand how these guys forget about Fanny and Freddie.
All of a sudden it's tax cuts.
Well, we are dealing with Bob Casey.
He's uh order of fries short of a happy meal.
But nevertheless, he still was given the talking points.
This is a great response.
Tac the Democrats are trying to say that tax cuts gave us these problems.
It's the same playbook.
There's nothing new.
Folks, do you understand really?
You can boil the Obama speech down last night to what we have heard From every Democrat since FDR except John F. Kennedy.
And that is raise taxes and cut the military.
That's it.
That's the program.
Except this.
The Obama program is more wide-ranging and deeply penetrable into the fabric of this nation's decency and goodness that any Democrat has ever tried, including FDR.
All right, we're coming up here.
Remember now the next hour is our female summit.
We are getting, or you already got some females on the phone if you broom the phones.
Okay, we're gonna we're gonna get everybody on hold.
Sorry, we'll catch you another day.
Only women who have answers to why there's a gender gap with women and me will be permitted on the air in the next hour.
You know, the the the amazing part about all this, as old and worn out as the left-wing agenda is raise taxes and cut the military, we have conservatives or pseudo-conservatives insisting that we emulate it.
▲
Export Selection