All Episodes
Previous Next
March 9, 2009 - Rush Limbaugh Program
35:36
March 9, 2009, Monday, Hour #3
| Copy link to current segment

Time Text
Hiya, folks.
Great to have you here.
Welcome back, Rush Limbaugh and the cutting edge of societal evolution here on the one and only Excellence in Broadcasting Network.
As always, an honor, a thrill, and a delight to be with you.
Telephone numbers 800-282-2882.
And the email address, if you want to be on the program today, is LRushbow at EIBNet.com.
I got a couple of audio soundbites I want to play here for you from President Obama.
And one thing before playing these two soundbites, I want to recognize something that I don't think the White House seems to understand.
Or maybe they do.
It's always problematic to characterize these people because you really don't know what they know and what they understand because they are so inwardly focused.
But I want you to understand that I understand just how much fear there is in this country among people who have seen over half of everything they had saved vanish.
And there is no indication that it is going to start building again.
And the whole notion that the American dream of hard work, ambition, combined with dreams can make things possible, more and more people are losing belief in that.
Understandably so.
Not everybody is, but a lot of people are.
More than you know, there is palpable fear.
You have people, let's talk about seasoned citizens first.
Seasoned citizens have, some of them have only their Social Security, but others have more, or had more.
They had retirement accounts, various places that their portfolio was diversified.
Wherever anybody's portfolio was, however it was diversified, half of it's gone in six months with no end in sight and certainly no rebound in sight.
And people are wondering what to do.
Should they take their money out of the market?
They see everybody else shorting the market.
Dow Jones Industrial Average down 16 points today.
It's been flirting up 25, down 25, but it isn't moving up.
It's not ticking up.
And so people should be wondering, should they actually pull their money out, convert it to cash, put it in a safe somewhere?
There is fear of the banks not being solvent.
14 or what was it, seven more banks in Georgia were shut down late last week or over the weekend.
It's something that happens with now a predictable frequency.
And generally people are talking about where's the bottom going to be?
Nobody can tell you where the bottom is going to be.
The president of the United States is not inspiring any confidence whatsoever.
All of this economic tumult is really the result of a banking crisis with no effort to fix it.
There is no plan.
Geithner doesn't know what he's doing.
He just got three assistants that were nominated to serve with him, but he didn't know what he's doing.
There's nobody in this administration inspiring confidence that there is an end in sight to this.
The only confidence that is being inspired is the only people being inspired are those who simply believe the words of Obama because he's Obama.
The same people that voted for him because there's certainly nothing of substance.
Let's listen to a couple of sound bites.
This is last Friday, less than 90 minutes after Air Force One landed on the way back from Columbus, Ohio.
President Obama called the New York Times about the interview he gave them earlier.
One of the things that he was upset about, they'd asked him about him, a socialist.
And apparently, his handlers thought that his answer wasn't any good because they said, I've been thinking about this socialist thing that you guys at the New York Times asked me about it, and I thought you were joking.
But if you were serious, I want to give you a serious answer to this.
Clearly, the accusation that he's a socialist is bothering him.
And if you call a news agency back to try to set the records, first place, he's the only guy that can get away with that by calling back.
By the way, I want to change what I said to you guys because if I tried something like that, oh, uh-oh, we caught Limbaugh, we caught the, and Mr. Limbaugh called the New York Times back trying to change the record, but aha, we've discovered that we hit a sore spot.
It's not how it goes with Mr. Obama yet, but the New York Times reporter says, so whose watch are we talking about here, sir, when it comes to this socialism business?
By the time we got here, there already had been an enormous infusion of taxpayer money into the financial system.
And the thing I constantly try to emphasize to people is that if coming in the market was doing fine, nobody would be happier than me to stay out of it.
Right.
I have more than enough to do without having to worry about the financial system.
Now, that's an inspiring thing to say.
I have more than enough to do without having to worry about the financial system.
I have more than enough.
This does not inspire confidence among people who listen to what this man says.
This frightens them.
This whole answer that he gave, constantly try to emphasize to people is that if coming in the market was doing fine, nobody would be happier than me to stay out of it.
The dirty little secret is, Mr. President, we had stimulated the banks.
We stimulated Wall Street and it didn't work.
This is a question that I asked last Friday.
Aren't we about out of time now?
Don't we have enough evidence that these political solutions don't work?
We bailed out General Motors.
Their auditors are talking about bankruptcy.
We bailed out Chrysler, Ditto.
We bailed out banks.
They continue to go south.
They continue to lose their share price.
The New York Times has had to sell and buy back or dump some maneuver with its own building today.
I mean, there is anything that we have touched, anything the U.S. government's bailed out is not working.
AIG, Citibank, Citigroup, whatever.
Any of these banks, the vast majority of them, not all, continue to have trouble.
All of this stimulus, quote unquote, is not stimulating.
It's not causing confidence.
It's not creating confidence.
It's not causing a rebound.
It's not causing an uptick in any market indicator.
And the president says, well, you know, I have more than enough to do without having to worry about the financial system.
Mr. President, the financial system is all there is right now to people.
The financial system undergirds every other failure that's going on here from the housing to the car industry to wherever you want to look.
And then we hear that the president was too tired to give a proper welcome to Gordon Brown.
Yeah, he was just, you know, he didn't know that you have to have a joint press conference and maybe a state dinner the first time the leader comes to see you from your number one ally.
He's just overwhelmed.
He's just too tired.
He did so much going on.
He had no idea.
Well, what is that supposed to mean?
Do we elect a kid here that has no executive experience at all?
Is that what we're now being told?
We elected a good-intentioned, a well-intentioned kid, a community agitator.
He had no executive experience, and he's going to figure it out at some point, but don't hold it against him.
He didn't know that these kinds of things are important.
What do you mean he didn't know?
There's all kinds of protocol people in the White House.
Have you ever stopped to think how it is the White House functions from one day when Bush leaves to the next day Obama goes in?
Do you think everybody gets swept out?
There are people in there.
I tell you, it defies logic for me sometimes to try to understand how people are being told to appreciate or understand Obama.
To say that there's nobody in this White House that understands the importance of the allied relationship with Great Britain, that's not the way to put it.
The way to put it is this bunch doesn't care about that relationship.
That's the way to look at it because that's the way it is.
This bunch doesn't care nearly as much as past administrations have about our allied relationship with the United Kingdom.
Who do you think it is that tells the new arrivals how things operate when the old arrivals leave?
There's orientation.
It's just, it's, they can't play this game of ignorance and inexperience.
Oh, I'm too tired.
We didn't know.
That's a cover-up.
Whatever they did, whatever they decided to do with Gordon Brown was purposeful.
And I would come up with something better as an excuse than to say our young, energetic, in-shape, very disciplined young president was tired.
That just doesn't wash.
Not with me.
Here's the next sound bite.
Friday aboard Air Force One, a portion of the interview where President Obama is talking about the economy.
What I don't think people should do is to suddenly stuff money in their mattresses and pull back, you know, completely from spending.
I don't think that people should be fearful about our future.
You don't think people should be fearful about the future.
Well, they are.
They are because they're losing it.
They are losing their future each and every day, Mr. President.
They see their future dwindling away and they're wondering how to save what's left.
And there's no inspiration coming from the White House on this.
There's no motivation.
There's no uplifting whatsoever.
And by the way, the last time a president said, go out there and spend, engage in commerce, it was George W. Bush, and the Democrat Party raked him over the coals for being insensitive.
Supposed to sacrifice.
There is supposed to be shared sacrifice because of the wall in Iraq.
It's supposed to be shared sacrifice.
Well, hello.
You're getting shared sacrifice.
This is what they meant all along.
Everybody gets poorer.
That's shared sacrifice.
Then the San Francisco Chronicle today with an AP story, Wall Street's pessimism expected to trump the data.
The weekly calendar holds little meaning on Wall Street these days.
Traders and investors who normally plot their course around expected economic figures and corporate announcements are trying to hang on in a market that isn't being corralled by the usual forces.
These days, fear does the driving.
Analysts don't expect the coming week to be an exception.
Investors are focused on trying to detect whether there's any shift away from the markets overriding pessimism.
Pessimism.
Pessimism is ruling the day on the market, not the data.
What this story is saying is, even if there's some good data that pops up, the pessimism is going to overwhelm the data.
The pessimism is going to survive, and people are going to invest and use investment strategies based on pessimism.
And on page two of the story, investors are still looking to the government for insight into what will happen with the nation's biggest financial companies and its bloated home inventory.
Can we go back and play audiobooks on number seven?
Have it standing by in just a moment.
Investors are still looking at the government, to the government, for insight into what will happen with the nation's biggest financial companies and its bloated home inventory.
So investors, they're waiting for a plan.
They're waiting for new rules.
They're not going to throw money back in the market until there are some rules that the government sets, bad or good rules.
There are no rules because Obama has got more important things to do.
By the time we got here, there already had been an enormous infusion of taxpayer money into the financial system.
And the thing I constantly try to emphasize to people is that if coming in the market was doing fine, nobody would be happier than me to stay out of it.
Right.
I have more than enough to do without having to worry about the financial system.
Oh, damn it.
Now I got to worry about the financial system, too.
I had such grandiose plans.
Now I got to worry about the financial system.
And the market's waiting for somebody to do something, set some rules, come out with whatever the bank bailout plan the next one's going to be, or what have you.
So pessimism is ruling the day in the investment markets.
If you're scared, you're not the only one.
You are joined by millions are scared who don't know what to do and are looking now at cash in a safe in their homes as a safer thing to do than to leave money in a bank or in an investment account, a portfolio, various investment instruments or what have you.
And he expresses frustration.
He has to deal with that.
He's got all these other plans he wants to do.
Back after this.
Shed a little light here, ladies and gentlemen, on the White House policy with the United Kingdom.
He was just tired.
He was just tired.
On the UK Telegraph.
We're just too tired to give a proper welcome.
However, if you read further in the UK Telegraph story, you come across this.
The real views of many in the Obama administration were laid bare by a State Department official involved in planning the Brown visit, who reacted with fury when questioned by the Sunday Telegraph about why the event was so low-key.
The State Department official working for Obama dismissed any notion of the special relationship.
He said, there's nothing special about Britain.
You're just the same as the other 190 countries in the world.
You shouldn't expect special treatment.
That from a State Department official quoted in the UK Telegraph to explain why Obama disrespected Gordon Brown and the UK.
Let's go to Chicago.
Joan, glad you called.
You're next in the Rush Limbaugh program.
Hello.
Hey, Rush, how you doing?
Fine, thank you.
I just want to tell you, I'm a long-time listener, first-time caller, and I have to say, I love your guts.
But I want to tell you this whole thing with the Democrats and you, it's like a bad divorce, Rush.
Don't keep catching their ball.
All you're doing is catching their ball and throwing it back.
And that's distracting you from your insights, your message, the issues.
No, it's not.
The one person staying focused on Obama, the one person tying Obama to all these policies is me.
We know that there aren't enough other people, particularly, well, very few others with the guts to do it.
No, we want you to do it, Rush.
Well, I'm doing it.
I'm not being distracted by this.
No, I'm talking about the Rahm Emanuel thing.
Every time they throw you a curve, you catch the ball and you throw it back.
Like what?
It's like a bad divorce.
It's like, just, you know, it's he said, she said, just rise above it because that's when you're the most brilliant.
That's what we need to hear from you.
I'm totally confused.
What do you mean, rise above it?
I am above it.
No, you're not.
You're just catching the ball and you're sounding.
Give me an example of what you're talking about, Joan.
Well, for instance, on this Newt Gingrich thing, I heard the caller.
Newt Gingrich was saying the exact same thing that you say about Obama, only he used different words.
He said, of course I think the president should succeed, but I don't agree with a lot of his policies and he hoped that they would fail.
That's exactly what you've been doing.
No, he didn't say that.
Yes, he did.
No, he didn't say that.
I've not at least a soundbite I've got.
I didn't see the show.
No, I saw the show and I heard the soundbite again.
He's saying essentially.
No, no.
He said, I don't want the president to fail.
I want him to learn new policies.
Well, that's what you're saying.
Well, you know, well, I want to go.
I want to leave this studio and fly home on my way on my own today without an airplane, too.
No, no.
Obama's about as likely to change his policies as I am to be able to fly like a bird this afternoon.
But we're going to get him, Rush, as long as we keep listening to your message, your insight.
But this baby teenage thing about, you know, I can just see the Ram Emmanuel in the hallway with Axel Rod, and they're whispering about ba-ba-ba-ba-ba.
They throw you the ball, you catch it, and you respond the same way.
Get over it.
Just rise above it.
Now, I never married these guys, and so therefore there can't be a divorce, messy or otherwise.
You know what a divorce is like.
What you want me to do, yeah, don't.
I'm smiling for the first time today.
I've got to take a break, folks.
Timing is everything.
Back after the.
The Married Jane girls, they're part of the Rick James harem.
When he was alive and kicking, in my house, the title of the tune, some of the finest bumper music known to exist in the free or oppressed worlds here on the EIB network.
Back to the audio soundbites.
ABC is this week with George Stephanopoulos.
David Brooks of the New York Times was on their roundtable discussion.
The problem with them and the problem with Limbaugh in terms of intellectual philosophy is they're stuck with Reagan.
They're stuck with the idea that government is always the problem.
There are a lot of Republicans up in Capitol Hill right now who are calling for a spending freeze in the middle of a recession-slash depression.
That is insane.
But they are thinking the way they thought in 1982.
If we can only think that way again, that is just insane.
And there are a lot of Republicans like David Frum, the author of this piece, who are trying to say Reagan was great for his era, but it's time to move on.
There are just not a lot of them in Capitol Hill right now, and I think the party is looking for that kind of republic.
We nominated one.
We nominated one.
Mr. Brooks got beat, what is it, 52 to 46?
We nominated a bunch of Reagan guys won in 1993, 1994.
A bunch of Reagan Democrats won in 2008.
And 2006, Mr. Brooks in the Democrat House of Representatives races.
A bunch of Reagan Democrats, conservative candidates, won.
So there you have it.
The era of Reagan is over.
I'm stuck with Reagan.
And that means that government never does anything good.
Nobody ever said that.
The idea that government's always the problem.
At any rate, I'm happy to be stuck with Reagan.
It's an honor to me.
I just wonder, these guys ever stop to think that the Democrats never throw FDR overboard.
In fact, Obama's now trying to do FDR again.
Every Democrat tries to emulate FDR.
So there's there.
I wanted you to hear that.
Tim Kaine was on Fox News Sunday.
He's the chairman of the Democrat National Committee.
Chris Wallace said, the DNC, organization at your run, planning to put up a billboard near Rush's hometown, or where Rush lives.
You're having a contest to come up with a slogan.
I assume it'll be a somewhat snarky slogan, Governor, to be put on the billboard.
In the campaign, Governor Obama or Barack Obama talked about changing the way bidness is done in Washington.
Governor isn't going after Rush Limbaugh, a talk show host, a perfect example of the stale ideology and petty partisanship the president was talking about.
It's not like Rush is a member of Congress or anyone of that kind.
He's a radio personality who has been saying that he wants the president to fail.
The billboard is a little bit of fun, admittedly, but there is an important point.
At a time of crisis in this nation, nobody should be rooting for the president to fail.
Both this country and the world needs him to succeed.
If we have people out there praying for the president to fail and trying to rally folks around that, we need to push back on that.
Well, let's go back again to the Fox News poll of August of 2006.
A two-day poll, 8th and 9th of August, 2006.
Mr. Kane, the question was number 10 on the Fox News poll.
Regardless of how you voted in the presidential election, would you say you want President Bush to succeed or not?
51% of Democrats said they wanted him to fail.
They didn't want him to succeed.
51%.
We're talking about losing a war here, Governor Kane.
We're talking about hoping your military fails in its effort to secure victory in Iraq.
The last caller, Snurdly, told me that the last, what was it, Joan in Chicago, that what she never really got to, that what she wanted me to apologize.
She wanted me to apologize for this fail remark because that will end it and they'll have to move on.
Joan, Joan, dear, if you're really going to stop, sorry, Joan.
Dear is condescending term.
I got suspended in Kansas City once for saying that.
Joan, My good friend, to apologize.
Oh, you talk about never hearing the end of it?
No, no, no.
You never apologize, particularly about something you're right about.
Yeah, unless you're married.
Well, yeah, that's true.
If you're married, it's a whole different.
But I'm not married to these guys, Jones, so I can't divorce them.
So then Chris Wallace, though, he has a great comeback to this.
And here's what he said to Governor Kaine.
Governor, we have to leave it there.
I do want to point out, though, just as a point of information, that Rush Limbaugh says, and I think if you read what he says, he wasn't saying I want the president to fail.
He was saying I want his policies, his agenda to fail, and that he disagreed with them and thought they were bad for America.
But fair enough.
There we go.
So Chris Wallace, thank you, sir.
Daring to say back to the chairman of the Democrat National Committee, the truth.
Now, this next bite, this is cool.
Lindsey Graham was on Meet the Press with David Gregory.
He was on with Senator Chuck Yug Schumer.
And Gregory said a lot of back and forth between a White House and Rush Limbaugh.
Is his prominence and influence right now in the Republican Party good or bad for the party?
His prominence in the radio world to gin up people for conservative cause is prominent.
He doesn't play in the Republican Party.
He's not an elected official.
He doesn't make influence over lawmakers.
Sure, when people call, some people give in.
I'm Lindsey Graham Nesty.
He's been on me for two or three or four years about different things.
And I take it for what it's worth.
He calls me worse.
Chuck Yu Schumer, they know.
I'm Lindsey Graham Nesty.
I'm Lindsey Graham.
Excuse me.
Let's grab a call here before we have to go to the break.
This is Tony and Galveston.
You're next.
Welcome to the program.
Well, thank you, Rush, and thanks for keeping me laughing at a terrible time in the country.
I'm happy to give it a shot and try.
You always do.
Let me just, I wanted to make just two quick points, if I might.
Yes, ma'am.
I listened to Mr. Buffett this morning, and it was interesting to me that he described the fall, September of the fall of 2008, as the Pearl Harbor of our financial systems, and that, in fact, what Paulson and President Bush did was the correct thing to do, which sort of flies in the face of the way it's being painted now.
The other thing I wanted to remind you of, because it keeps going around in my head, is if you recall when President Clinton was in all of his trouble, all the Democrats jumped to his defense with this one cry, which was, the American people don't care about Paula Jones.
They care about Dow Jones.
Right.
So just wanted to put that little bird out there because it seems to me they don't seem to be worrying about Paula or the Dow Jones now up there.
So thought you might be interested in hearing it.
Well, I'm glad that you refreshed my memory on that, my dear.
Well, I love you.
Tony, I'm sorry.
I'm glad that you refreshed my memory on that.
Well, you're so welcome, and I enjoy you so much.
I really do.
Thanks a lot.
I think about my dad when I listen to what you've been saying today.
He always said to me, remember that the business of America is business.
That's the business of America is business.
That's right.
Well said.
I thank you, Rush.
God bless you, honey.
Thanks, Tony.
I appreciate you as well.
Ladies and gentlemen, reminder.
By the way, grab those Warren Buffett cuts because I think after the break, I'm going to run through these Warren Buffett soundbites from the beginning of the program today because it's just, it's stunningly amazing.
But I wanted to remind you, given the fear that's out there and the behavioral changes that people are making, some people are deciding to put off buying a new car.
Instead, some people are actually spending more to fix their car than the car would sell for.
If that's you, if you have decided, Well, in fact, it don't care if you're going to buy a new car or if you're just going to keep whatever you have now and try to keep it running to save money.
BG products, when you take your car in for service maintenance, one of the main reasons is for fluid maintenance.
Engine oil, antifreeze, hydraulic fluids, transmission power steering brake systems.
The best shops and dealerships use BG products.
Why?
Because it keeps vehicles running worry-free and they offer a lifetime coverage for your vehicle.
Some dealerships use it exclusively because it prolongs the length of time between needed oil changes.
It is the best.
You'll never see it in the store.
It's only sold and used at dealerships and repair shops.
And to find out if there's one near you, go to their website, bgfindashop.com.
BGfindashop.com.
When you bought your first car, they told you, change the oil.
Every 3,000 miles, change the oil.
It's the best thing you can do.
It hasn't changed.
And when you do, use BG products.
Back after this, folks, sit tight.
Okay, executive programming.
It says you're going to save the Warren Buffett soundbites for tomorrow.
We'll do it again.
If you missed them, Warren Buffett comes out, disagrees profoundly on CNBC today with four fundamental issues of Barack Obama, and then says Republicans need to support him anyway.
Remember under Bill Clinton, James Carville said, came up with the war room slogan, it's the economy stupid.
With Obama, it's Rush Limbaugh stupid.
We've gone from it's the economy stupid to it's rush limbaugh stupid.
That's our problem in America right now.
Problem in our economy.
Our wonderful great president doing everything he can to make you prosperous once again so everybody here gumball like I do.
Rush limbaugh.
That's our problem.
Our problem is Rush Limbaugh.
Don't forget it.
They're mad at me at Port St. Lucie.
They printed transcripts of everything I've said in the newspaper.
I don't know what they're worried about.
You've seen what's happening in newspapers lately?
I mean, they're LaClatchy laying off 1,600 people.
People don't read them anyway.
In some places, people can't read them.
Pamela, in El Cojones, California.
Nice to have you on the program.
Well, thank you, Rush.
I am so honored.
First of all, I wanted to let you know I'm a recovering Democrat.
Well.
You know, and I'm 81 years old.
It took me a long time.
You know, recovery is a never-ending thing.
Right.
I hope you recover quickly.
I just, I had, you know, in this last year, I've listened to you every day.
Yeah.
Before that, I thought you were terrible.
I just, I couldn't believe it.
But I had a I heard you for the first time, I don't know, back in the 90s, and I couldn't believe what I was hearing.
And I thought, what in the world?
You know, and I turned you off.
And now I have a new friend who's a history teacher, and she is a conservative.
And she started teaching me about conservatism.
And I, you know, I was adamant, I think Russia's terrible.
And then discovered that, you know, the things that I was clear off, I just didn't understand what the difference between liberalism and conservatism.
I know, most people do not know what liberalism really is.
They just say Democrat versus Republican, and they really don't know the hideous nature of liberalism.
They just don't get it.
Even a lot of people on our side don't.
Well, you know, I went through the Depression, and the FDR was the only president when I was 16 years old that I ever knew, you know.
And I thought he was wonderful.
So put that aside.
Then I finally decided to start listening to you because my friend, the history teacher, thought you were pretty good.
And so I can't believe how much I've learned in this last year, and I want to thank you for that.
But the reason I called today was that I almost burst into tears because your comments about people being frightened and being awake at night.
And that I hate to say this.
You know, I should know better.
But I've been having one heck of a time because we're so frightened of what's happening.
You're 81 years old, right?
Yes.
And you've lost half of whatever you've saved.
Right.
You know you're not going to get it back.
And you want to preserve what's left, and you don't know where to do that.
Right.
And on top of that, we had a small business with breeding Arabian horses.
Try to sell a horse.
You can't sell a car now.
And the feed has gone sky high.
And when June hits, our pension will drop immensely because it's tied up in the stock market.
Yeah.
And, you know, who say, well, get rid of the horses.
But how?
Put those beautiful animals to sleep.
That's the only thing I can do.
And I'm, you know, I'm.
By the way, that reminds me of something.
Did you know that the Democrats have put out a new poster on the pilot, the U.S. air pilot?
No.
What was his name?
Sully.
Chesley Sulliberger.
They found out the guy's a Republican, and so they put out a poster with a guy underneath.
It says goose killer.
Oh, that makes me sick my stomach.
I was perfectly sure when it happened that somebody was going to come up with something.
They're going to blame Bush somehow or another for the geese being there.
Whatever, God.
They'll blame Bush for as much as they can get away with.
But one thing, Pamela, you know, I understand that you're, I totally understand and relate to your fear of what do you do to keep whatever's left.
And I just want you to remember that the people that were elected to run the country right now are the ones that a lot of Americans mistakenly believe have all this compassion and understanding for the circumstance you're in when in fact they're doing nothing to address it.
And in fact, Pamela, they may be doing things to make it even worse.
We'll be back.
Try this headline in the New York Post today.
I'll have details tomorrow.
PERV Group, P-E-R-V, PERV Group puts 10 grand hit on Andy.
The PERV group is the North American Man Boy Love Association, and Andy is Andrew Cuomo.
And the PERV Group has put a $10,000 bounty on him, according to headline.
I can't believe they used the word PERV in the headline in the New York Post, but they did.
▲
Export Selection