Rush Limbaugh Program - March 6, 2009, Friday, Hour #2

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March 6, 2009 - Rush Limbaugh Program

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March 6, 2009, Friday, Hour #2

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	The views expressed by the host on this program documented to be almost always right.
	99% of the time, greetings, my friends to the most listened to.
	Radio Talk Show in America, hosted by me.
	The all-knowing, all caring, all sensing, all feeling, all concerned.
	Maha Rushi.
	It's Friday, so let's go.
	Live from the Southern Command in sunny South Florida.
	It's open line Friday.
	You know the drill.
	Open line Friday.
	We go to the phones.
	The program is all yours.
	You can talk about whatever you want.
	That's not the case Monday through Thursday.
	We only talk about things that interest me on Thursday, Monday, Tuesday, Wednesday, Thursday, because I don't want to be bored.
	But on Friday, I'll run the risk.
	Bo Snerdley, the official screener of calls, standing by even as we speak.
	800-282-2882.
	Squawk on the street this morning, CNBC co-host the Street Sweetie, Aaron Burnett, interviewing Lawrence Geller, the president CEO of Strategic Hotels and Resorts, and the Street Sweetie said, You own some of those hotels, though where you get those conferences or you used to in lovely warm locations, whether it's Arizona, Mexico, Southern California.
	Has that business dried up?
	The hyperbole and rhetoric was notched up to gigantic levels during this recent political debate season.
	The bookings of meetings have cut down drastically.
	We've uh we've lost an awful lot of major businesses.
	And it's now it's not just those receiving government bailouts that are affected, but there's a general fear of criticism by people not only making the bookings, but people attending these conferences.
	So it's really got out of hand because the meetings and conference business is absolutely essential to this nation.
	We lost 200,000 jobs last year.
	We were thought if things went the same way, we'd lose 240 odd thousand this year.
	Since the hyperbole got ratcheted up to these levels, we're on track to lose 350, 400,000 jobs.
	The ripple effect through the economy is gigantic.
	Lodging is and tourism is uh the third largest retail business in the country.
	Now I know what some of you people are thinking.
	Well, Rush, you know, I we who goes to these conferences.
	It's uh rich and the semi-rich and the people that can take time out to go to Vegas or Mexico, Florida, wherever they're going, these five-star resorts.
	Yeah, like the United Auto Workers and the AFL CIO.
	But here's the thing, and I'm going to say this until I'm blue in the face.
	The people that do these meetings are stopping because they are afraid of criticism from the President of the United States.
	The President of the United States personally is shutting down a large part of the travel and leisure industry in this country purely on the basis of class envy.
	But who is really getting hurt?
	Aside from the hotel owners, who who works at hotels?
	Who works in the travel and leisure business?
	It's the very little guy, quote unquote, that the Obama administration claims to stand for.
	If there are no guests arriving, if there are no conferences being held, if there's no food being prepared and consumed, if there are no hotel rooms being occupied, then there's no work for the maids, and there's no work for the kitchen personnel, there's no worm uh work for the uh for the uh any of the of the staff in the hotel.
	But we all get caught up here in the notion, well, these people they shouldn't be partying in a recession.
	They really, it's bad form, they shouldn't have people.
	See, I think it's just the opposite.
	I think it's inspirational.
	I think it can be motivational.
	Now, this is where my critics are going to say, I can't believe how to touch rushes.
	Out of touch, if that's what people would say, out of touch.
	What we need, what needs to happen in this country is examples of economic activity flourishing, like Daniel Henninger wrote about in the Wall Street Journal.
	We need to see evidence of the Idea of a thriving free market, of a thriving capitalist market.
	Instead, we see just the exact opposite.
	And while all this is happening, Obama's out there saying he cares about health care, so his approval numbers are going up, while he and he alone.
	Well, he's getting some help from Barney Frank and John Kerry, but but the Democrat Party, let's say, are personally assaulting the travel and leisure business, except when they are engaging in the travel and leisure, or their big supporters, the AFL CIO are engaging.
	So the street sweetie then said, Well, Mr. Geller, um, you believe that this is something coming out of the White House?
	Is it bipartisan in Capitol Hill?
	Who are the people that are pointing the fingers at your industry?
	If you listen to the committee hearings, I think it's unfortunate it's almost the lemming factor.
	One starts and then the other has to show they're more strident and stringent.
	And as you go around the committee, I don't know whether it's bipartisan or not.
	I I can't say it's the White House or Congress.
	All I can say is the pernicious effect is pretty devastating.
	It's almost uh a colleague of mine was complaining this week, it's almost McCarthyism uh uh directed against the hotel and travel industry.
	This is so silly because it's the lubrication of business is these big meetings, these small meetings, convention communication, and the fear factor has got out of control.
	The fear of being criticized.
	Exactly.
	Not just the fear of being criticized, the fear of being targeted, Mr. Geller.
	Not just the fear of being criticized, it's the fear of being targeted by a government official, be it Senator Kerry, be it Congressman Frank, or be it the president of the United States is out there saying, You're not gonna go to Las Vegas.
	Eh, you're not gonna play on a poor corporate job.
	No, no, but I'm here.
	Oh, but this is going on.
	So it has a excuse me, it has a rippling negative effect throughout the economy.
	Coming up sometime this month in Charlotte, North Carolina, there's a golf tournament.
	A major PGA tour event, always been known as the Wacovia open or Wacovia, whatever they call it.
	Wacovia, the bank.
	Well, as you know, Wakovia was purchased by Wells Fargo.
	They're gonna do the tournament, they're gonna spend the they're gonna reduce the amount of the way golf tournaments work is that the sponsor, in this case, Wacovia, would put up all the prize money and uh other costs.
	The PGA would do their thing, charity would get some of the proceeds from ticket sales and all of this, and it was a win-win for everybody.
	What's happened now is that the Wells Fargo CEO has said, well, we'll put three million into this this year, but we're not gonna put our name on it.
	Since there is no Wacovia, there can't be a Wacovia Open.
	We're not gonna call it the Wells Fargo Open.
	So I don't know what they're gonna call this thing.
	The Charlotte Open, they may call it I have no idea.
	Haven't kept up that much with it.
	All I know is that Wells Fargo doesn't want their name on this because of what happened to Northern Trust with the LA Open, which used to be the Nissan Open, but Nissan pulled out.
	The PGA tour is always, you know, running around trying to find new sponsors for things.
	Uh, because that's where the prize money comes from.
	That's who pays the pros when they win or finish in the money in these uh in these tournaments.
	But now these people are even afraid to put that I I'm sure they're gonna reduce the partying and the and what goes on at these things anyway.
	You know, I uh a friend of mine, I well, an acquaintance of mine is the former one a former chairman of ATT.
	You know, an ATT sponsors uh what used to be the old Crosby is the AT ATT celebrity pro am out at Pebble Beach.
	And I once asked this guy, what do you really get out of this?
	I don't know what it costs you.
	But I mean, do you because it says the Pebble Beach ATT, do you have a bunch of people signing up for A and T services from the public?
	Well, how's this work?
	He said, you know, this is you're looking at it the wrong way.
	Our marketing budget every year is hundreds of millions.
	This thing costs us 20.
	This is where we entertain our customers.
	This is where we thank them.
	This is where we appreciate them for being part of what we do.
	This is where we wine and dine our best customers.
	We're not so much using this to generate new, although we do.
	But this is it's normal business.
	Now that's not even going on.
	People are afraid to even thank their best customers.
	Now believe me, he told me the total marketing budget for ATT when he was there, and the 20 million maybe 15.
	The the percentage of that whole marketing budget spent in that golf tournament is zilch.
	It's it's infinitesimal.
	But it's where they thank everybody, and they let people come out and hobnob with the pros.
	Pebble beach a beautiful place to go.
	It's a week-long tournament.
	All these um services are out there.
	It's just it's it's it's a great time for people to go.
	But now that's under assault, thanking your customers, trying to keep your customers, trying to grow your customer base.
	That's that's what Mr. Geller's talking about.
	That's why a lot of these things take place.
	But today we're being we're being told it's just a bunch of Roman excess.
	It's just a bunch of irresponsible people coming out there and having a giant party in a five-star place while the rest of the country's starving and can't find a house and can't find a job and all this sort of thing.
	It's just an all out assault on capitalism.
	There is an all-out assault on free markets.
	But because Obama says he cares about health care, his approval numbers skyrocket right up while the private sector crumbles bit by bit in front of our eyes.
	Back after this, my friends, sit tight.
	We'll be right back.
	President Obama, ladies and gentlemen, approval ratings are gonna skyrocket.
	President Obama announced today that he had saving jobs.
	He went yes, he's saving jobs.
	Is yours one of them?
	No.
	But he's saving jobs.
	He went out to Ohio today with a very important battleground state in his permanent campaign mode called President of the United States.
	And here's a portion of his remarks to the Columbus police graduation ceremony.
	There were those who argued that our recovery plan was unwise and unnecessary.
	They opposed the very notion that government has a role in ending the cycle of job losses at the heart.
	Stop this and cue it back to top.
	Here comes once again this straw man strawdog technique of his.
	There were those who argued our recovery plan was unwise and unnecessary.
	They oppose the very notion that government has a role in ending the cycle of the No.
	Who are these people?
	Whoever said government has no role.
	Government has a clear role, and that's rolling back its involvement.
	It's going to take government action to make it smaller, Mr. President.
	See, he strikes, he uses these straw men, makes up people who he doesn't name, who apparently have positions they don't have.
	And that keeps his voters all ginned up.
	Yeah, yeah, there are people who want me hurt.
	People don't want us to get jobs.
	People don't want Obama's gonna take care of us.
	That's how this all works.
	All right.
	Here the whole thing is again from the top.
	There were those who argued that our recovery plan was unwise and unnecessary.
	Mm-hmm.
	They opposed the very notion that government has a role in ending the cycle of job loss at the heart of this recession.
	There are those who believe that all we can do is repeat the very same policies that led us here in the first place.
	But I also know that this country has never responded to a crisis by sitting on the sidelines and hoping for the best.
	Nobody saying that.
	I know that throughout our history, we have met every great challenge with bold action and big ideas.
	Exactly, just not these.
	And nobody's saying sit on the sidelines.
	Except maybe some weird-looking libertarians.
	Nobody is out there saying don't do anything.
	You know who's sitting on the sidelines?
	You want to know who's sitting on the side?
	The investors, the people that would grow a job and hire you.
	That's who's sitting on the sidelines.
	This is not a market to put your money in and hope it grows because it ain't through falling yet.
	Sorry, isn't through falling yet?
	Uh here's here's the big finale where the president regales the audience at the Columbus police graduation with all the jobs that his stimulus plan has saved.
	For those who still doubt the wisdom of our recovery plan, I ask them to talk to the teachers who are still able to teach our children because we passed this plan.
	I asked them to talk to the nurses who are still able to care for our sick and the firefighters and first responders who are still able to keep our communities safe.
	I asked them to come to Ohio and meet the twenty-five men and women who will s soon be protecting the streets of Columbus because we passed this plan.
	25 jobs saved in Columbus, Ohio because of the stimulus bill.
	One caveat For those of you in Columbus, Ohio, the the police jobs are not funded past one year under the Obama plan.
	So next year those twenty-five jobs will be gone if the city doesn't have the money to continue their employment.
	And when there's no PR value in these new twenty-five jobs, or there's twenty-five jobs being saved, there's the funding's just for one year, just like unemployment benefits are just for one year, but they totally changed the law.
	This is like the hundred thousand cops that never were.
	This is just to provide Obama the PR effort.
	And uh so if there's no more PR value remaining in these twenty-five, uh, they're gone.
	They're gone.
	Specifically, as I say articulately, Spa specifically, if uh Columbus doesn't have the ability to continue their employment on its own.
	So twenty-five jobs saved.
	By the stimulus plan, hallelujah!
	We are out of trouble.
	Let's go back to the phones.
	Monica in Charlotte, North Carolina, where the Wachovia open used to be.
	Um I um grew up in Sweden.
	I spent the first twenty-two years in Sweden.
	I've been living here for thirty years.
	Sweden tried to do the same thing, trying to tax the upper income, and as a result of that, they left.
	I I live there on Bjornborg, and the pop group ABBA was there.
	They all left.
	So who gets stuck with paying the bill?
	It's the middle class people of Sweden.
	So you get stuck paying the bill because nobody else could do it.
	And as a result of that, we have always had an um sales tax of twenty-six percent because there's there's no other way.
	If you can't tax the person anymore, you have to go after everything else.
	I'm I'm well aware of the uh the Swedish example, the uh Swedish experiment with uh ABBA pulling out of there.
	Oh, yeah.
	And then you had uh, like you said, Bjorn Borg pull out of there.
	Well, uh and a number of others.
	Well, even you too, uh pulled out of Ireland and the UK.
	I mean there is no way you're all these great philanthropists.
	Yeah, it's uh but you see here we're we're how long did it take for that to uh uh show itself or to reveal itself for the people who lived in Sweden remaining to pay the taxes.
	Once they raise tax everybody and they start started doing an antless shrug done Sweden, how long did it take before the people who were remaining to pay tax Sweden realized uh they got screwed?
	Well, it didn't take long, and as a result of that, we had uh privatized uh med uh medicine or people coming doctors that could mean that we would have to pay our own money to get health care.
	Well uh and that's why how cruel is that.
	I know cruel people had to pay their own money to get and on top of that we had to pay our taxes to pay for the nationalized uh health care.
	So we we paid on top of that.
	Then if we want to have our own private doctor, we have to pay privately for that.
	So um that's why I'm not a source right.
	I think the American people will never put up with this, and once they find out that we all are gonna get stuck with the bill, all everybody in the United States.
	I think you're right about that, Monica.
	I really do.
	I what worries me is how long it's gonna take them to realize it.
	There'd be a lot of suffering before they figure it out.
	There's gonna be a lot of Bjorn Borgs and ABBAs leaving the United States uh and leaving the the freight to be paid by the so-called beneficiaries of all of this.
	Uh I want to forego the suffering.
	I want to I this is not this is not necessary.
	It is not a fix.
	It's something entirely different.
	And uh if if it's gonna take Obama voters four eight years to figure this out, that's gonna be a lot of pain, a lot of economic decline, and a lot of ground to make up down the road.
	Springfield, Ohio.
	Hi, Jeff, you're up next on Open Line Friday.
	Hi.
	Rush, it's an honor.
	Hey hey, listen, uh, your your discussion about the uh the uh the damage to the travel and leisure, um, you're exactly right.
	Um I'll tell you something else.
	It actually started uh way back with the signing of Sarbanes Oxley.
	Oh, yeah.
	Um I'm not kidding you.
	You know, we would have a major event for our customers for exactly what you're talking about to say thank you for your business, your loyalty, whatever, and we'd fly them down on those on those company jets to uh to a golf uh uh a PGA event, and we'd put them up there for a couple nights, take them to the tournament.
	We could not, we could not give away badges to uh publicly traded large companies.
	Uh they would have to, if they wanted to come, they'd have to take a vacation day, which nobody did.
	They'd have to pay for their lodging, pay they they'd have to fly, they wouldn't fly on our jet, they'd have to fly a uh on a on a regular airline.
	Um it was ridiculous.
	We would bring customers to our manufacturing facilities or our corporate headquarters, you know, to uh to see how the products are are made and what they're buying to meet our executives.
	And they would literally uh want us to invoice for any food and and any expenses I know I know that's all because of Sarbanes Oxley, which what what gave us Sarbanes Oxley?
	Do you remember Mr. Snurdle?
	That's right.
	Enron gave us Sarbanes Oxley.
	Fannie Mae and Freddie Mack, Barney Frank, Chris Dodd are Enron times a hundred, if not more.
	That's a that's a great call, Jeff in Springfield, Ohio.
	Thanks much, and we'll be back.
	Stay with us.
	It's open line Friday.
	We take a lot more calls on Friday, and we let you decide what to talk about.
	So we go to the phones on Friday.
	The programming content show is all yours.
	800 282-2882 and the email address, L Rushbow at EIBNet.com.
	Okay, let's see.
	We had a trillion dollar stimulus package.
	Barack Obama in Columbus, Ohio today, uh proclaimed ver by the way, and he was he said this very dynamically.
	We have lost down four point four million jobs.
	Like he's happy about it.
	It sounded triumphant.
	And then he announced he saved 25 jobs, but nobody knows it's just for one year in Columbus, Ohio.
	I figure at a trillion dollars, twenty-five jobs divided into trillion dollars, means we spent 40 billion dollars per job.
	Forty billion dollars per job.
	It's worth I know it's worth it, those people for a year.
	They will eat for a year, there will work for a year, uh, and when there's no longer any PR value left, these 25 police officers are gonna be sent to the Russian front, you know, or or wherever.
	Sharon, oh, you gotta hear this sound bite.
	Bonnie Plank, invoke my name on the four of the house.
	It was last night on the House uh floor and uh Barney Frank talking about foreclosures and me.
	There is, for instance, a noted commentator on public affairs, Mr. Limbaugh, who has a certain number of fans on that side, and if they aren't fans, they're afraid to say so.
	He has asked that the president fail.
	Well, the effect of this amendment would to give Mr. Limbaugh his wish.
	Because if you cripple the effort to reduce mortgage foreclosure, you cripple the effort to get out of the economic slump we are in.
	So I understand what some people would like to see happen.
	They do not want President Obama and a Democratic Congress to get any credit for helping to reduce our economic situation.
	They're taking a lot of innocent people hostage.
	Well, that's the most convoluted way of looking at this.
	That uh I I can I can imagine this this he's talking about the amendment that would allow people who cheated on their initial documents to still be able to get a cram down reduction on their interest rate.
	So he's he's out this amendment would allow people who cheated and who lied on their loan application to still get a cram down, meaning a judge could reduce the cost of their mortgage payment.
	This is what Barney was going for.
	And of course, he brings me up as the uh as the enemy of uh of all this.
	You want to play the well, yeah, I do want to play it again because I'm I want there's a there's a great post here by a Yale economic professor about all of this that now it's it was it was a I it was tough sledding for me the way this is written to understand it.
	And involves the concept that they're really not helping anybody by reducing their interest payments, that the only way to really help people here that are underwater is to reduce the principal.
	But the principal is not being touched, which means that at some point responsible people are going to default anyway, because all they're doing is renting.
	They're gonna have no equity even at their payment lowers.
	I'll get to that in just a moment.
	Here again, Barney Frank, once again, advocating an amendment to allow people who cheated on their initial application for a mortgage to still get a cram down.
	There is, for instance, a noted commentator on public affairs, Mr. Limbaugh, who has a certain number of fans on that side, and if they aren't fans, they're afraid to say so.
	He has asked that the president fail.
	Well, the effect of this amendment would be give Mr. Limbaugh his wish.
	Because if you cripple the effort to reduce mortgage foreclosure, you cripple the effort to get out of the economic slump we are in.
	So I understand what some people would like to see happen.
	They do not want President Obama and a Democratic Congress to get any credit for helping to reduce our economic situation.
	They're taking a lot of innocent people hostage.
	Congressman Frank, you're a smart guy.
	Everybody admits it, but this is a little.
	You're perverting here everybody's uh intention.
	What we're upset about is why should the people who are paying their mortgages subsidize those who aren't paying?
	Why should we pay for people to stay in their houses when they lied on their loan applications?
	This is the root of the Tea Party stuff.
	This is, you know, Barney's definition of uh affordable housing is you can't afford it, it's yours.
	This is what I mean.
	It's time to take the wealth of this nation and return it to its quote-unquote rightful owners.
	Now the the here's here's the piece here by Yale economic professor John Janokopoulos.
	Uh yeah, grab grab banking queen.
	Uh Mike, that's a good point.
	We'll throw banking queen.
	We'll play the soundbite one more time after this, and we'll play banking queen.
	This is excuse me, folks.
	I may be coming down with something here.
	Uh Yale economic professor and also a law professor, uh, Susan Cognac.
	The plan announced by the White House will stop for will not stop foreclosures because it concentrates on reducing interest payments, not reducing principal for those who owe more than their homes are worth, the people's houses underwater.
	The plan wastes taxpayer money and it won't fix the problem.
	Why is writing down principle, which the Obama plan rejects so critical to stopping foreclosures?
	Well, despite all the job losses and economic uncertainty, almost all owners with real equity in their homes are finding a way to pay off the loans.
	It is those underwater on their mortgages with homes worth less than their loans who are defaulting, but who, given equity in their homes will find a way to pay.
	They are not evil or irresponsible.
	They're actually defaulting because for anybody with an already compromised credit rating, it's the economically prudent thing to do.
	And Obama's plan does nothing to change The basic economic calculation that a hard-pressed family and millions of others like it must make.
	The Obama strategy, which involves reducing their interest rate for five years and giving them at most five thousand dollars for principal reduction over five years, will still leave them paying much more than the ten thousand dollars it would cost to rent.
	So if if you don't reduce the principal of these underwater homes, you're not adjusting the value to change the status that makes them underwater.
	If all you're doing is reducing the interest so as to make it the payment smaller, you're not changing the relationship of the homeowner to his house.
	There's no equity.
	He's underwater.
	So he's not he's he's renting.
	And he can rent far cheaper than getting a little rate reduction from a cram down or a judge or whatever in the Obama plan.
	So they're not Barney, they they're not even these people are not gonna be able to stay in their homes in the first place.
	The ones underwater, and those are the ones that are actually cared about the least, as this policy indicates.
	Once again, here's uh here's Barney Frank from the floor of the house, and I'm playing this a third time because I just love it when he pronounces my name.
	There is, for instance, a noted commentator on public affairs, Mr. Limbaugh, who has a certain number of fans on that side, and if they aren't fans, they're afraid to say so.
	He has asked that the president fail.
	Well, the effect of this amendment would be give Mr. Limbaugh his wish.
	Because if you cripple the effort to reduce mortgage foreclosure, you cripple the effort to get out of the economic slump we are in.
	So I understand what some people would like to see happen.
	They do not want President Obama and a Democratic Congress to get any credit for helping to reduce our economic situation.
	They're taking a lot of innocent people hostage.
	The estimable and honorable Barney Frank.
	Massachusetts is indeed the banking queen.
	Barney, I want you to fail too.
	In fact, if Barney had failed, wouldn't he be here.
	I actually don't know how Barney, Frank, and Chris Dodd sleep at night.
	I mean, honestly, folks, I, you know, Barney, I want you to fail at what you're doing now.
	In fact, if Barney Frank had failed a few years ago, this housing and financial crisis would not have happened.
	But instead, Barney Frank and Chris Dodd succeeded.
	We're all suffering as a result of this.
	Your cover-up for Fannie Mae and Freddie Mac...
	Your cover up for both of those things succeeded, Barney.
	Well, what are you whining about?
	You got everything you want.
	You got people who can't afford to pay homes in homes.
	And now you found a way to make people who can't afford their own home to pay for everybody else who can't stay in their homes.
	You ought to be happy.
	What are you running around denigrating things for?
	You guys are having all kinds of success at causing failure for the rest of us.
	Back in a second.
	Back to the phones on open line Friday, Rush Limbaugh to Great Falls, Virginia.
	This is Sharon, and it's nice to have you here, Sherrod.
	Hello.
	Just outside the Beltway Ditto, Ross.
	Thank you very much.
	Um, I think everybody should be helping Obama is going to fail because it looks to me like he is in intent on bringing on the second Great Depression.
	Why do you say that?
	Why in the world would you think that the President of the United States wants the Second Great Depression?
	Well, last time we had a Great Depression, it resulted in a generation of Democrat power.
	And this time it looks like he's doing the exact same thing that happened last time.
	That is, they're taking a garden variety downturn in the economy, and by responding to it with some populist measures that are really economically ill-advised, they'll turn it into a huge downturn.
	Yeah, but there's a there's a difference here between FDR and Obama that I need to point out.
	What's that?
	And that is that the and I may be Wrong about this.
	Now, some somebody may have to historically correct me on this.
	I it's been a long week.
	I am fighting fatigue here.
	But it seems to me that Obama is doing much more to create and cause economic collapse than FDR did.
	Oh, yes.
	I think FDR FDR certainly took advantage of what he inherited.
	Uh, but I I could be wrong, but my my point is I think that what Obama's doing is a little bit more hideous than FDR, and I think there's more to it than just uh maintaining as much uh Democrat control over power as possible.
	Oh, I think it's I think it's definitely intentional.
	Some of the things that are being done to uh drive market instability and uncertainty couldn't be anything but intentional.
	It's just a serious, that's a very serious charge you're making out there about the president of the United States, Sharon.
	Very, very, very serious charge you're making.
	Yes, and in very dangerous territory.
	Living as close as I do to Washington, D.C. Yeah, I I understand.
	Well, I'm I'm a real interested student of the depression.
	And I've I've read a huge number of books on it, and I've done a lot of thinking about it.
	And uh it just it seems to me that when you take a regular bound term, and then you begin by uh targeting all the wealthiest people and telling them you're gonna raise their taxes, and that uh they take an unfair advantage, and you try to paralyze them to simplify that.
	Wait a second.
	You only publicly target the wealthy.
	You're actually targeting everybody.
	I mean, the wealthy haven't really been hurt that much.
	I mean, everybody has, but you know the old saw, the wealthier you are, the the more operating capital you have left, even if you lose half your operation.
	If people have lost their jobs here, I mean the the which is always the case.
	Liberalism hurts the very intended people it says they're gonna help.
	The little guy.
	And this is the this is the dirty little secret.
	The way that though Obama speaks, though, like you just said, he's out there targeting the rich people, that's what his voters think.
	His voters think he's targeting the rich people while giving them health care, targeting the rich while uh giving them new education, targeting the rich while making sure McDonald's has chicken McDuggets when you show up in Port St. Lucy to order them.
	So they think he cares.
	They think he's doing all these things while targeting the rich, and this has been a standard operating procedure for a long time is to uh succeed with Shad and Freud uh to you know make these voters of Obama's happy when their lives don't change.
	In fact, when they get worse, their lives get worse, but they're supposed to be happy because the rich somehow are getting shafted at the same time.
	How many of you people out there Twitter?
	The White House has invited the co-founder and the CEO of Twitter, a guy named Ev Williams, to the White House today to um join in a discussion of young business leaders, a young business leaders summit to discuss the economic crises.
	Ev Williams has six million members.
	Twitter has six million members, a seven hundred percent plus growth rate.
	They make no money in the United States.

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