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March 19, 2009 - Rush Limbaugh Program
35:42
March 19, 2009, Thursday, Hour #3
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Time Text
I just saw I just saw the funniest thing I just saw the funniest thing.
I'm watching Fox News during the break here at the at the top of the hour.
Bill Salmon, who is their, I think, Deputy Bureau Chief in Washington, is on as a guest and they had the Chiron graphic at the bottom of the screen said Treasury Department appoints watchdog to get to bottom of AIG No, who did this?
Well, we actually.
We actually Chris Dodd won't name that the administration official who told him to put it in there.
I guess that's what they're talking about.
These are Obama's bonuses greeting.
Welcome back folks.
It's uh, El Rushball, the Excellence IN Broadcasting Network, telephone number 800-282-2882.
The email address is Lrushbow at Eibnet.com.
Do you realize, ladies and gentlemen, that is I. Your lovable, loyal and trusted host was sitting here this morning diligently prepping today's program.
The forehead serpent head and the ballerina were on the phone with the chin planning how to best deal with me when Obama appears on the tonight show without his teleprompter.
Well, I mean, if the forehead and serpent head and the ballerina are calling Stephanopoulos every morning and planning strategy and so forth, you know damn well that the forehead serpent head and the ballerina got on the phone to the chin to discuss how to deal with me.
I still can't get over.
Treasury Department appoints watchdog to investigate.
I have been asked to explain uh, ladies and gentlemen, uh to you why Democrats are treating a IG employees worse than the detainees at Club Gitmo, and of course I I could explain this, but it's to miss the point.
The the the, the whole, the whole point here is to create a distraction and diversion to get you hating capitalism and capitalists.
It is, it is, it is designed to uh.
All this is manufactured.
It's a totally manufactured sense of outrage and uh and crisis, and i've heard a rumor out there, the Obama administration they're getting really, I mean in in order to to see this thing all the way through.
There is a rumor that uh employees who got bonuses at a IG AND Merrill Lynch will be transferred to Club Gitmo, Guantanamo Bay, after the Terrorists there are released on American soil.
So, Guantanamo Bay will house AIG and Merrill Lynch employees.
All the various Abdullahs and Mahmoods and so forth that are down there now will be released.
Some of them, Eric Holder said, right here on American soil to the audio soundbites.
Oh, the Victor Davis-Hanson thing.
Coco, the link to this, I can't send it to you right now, but it's pajamasmedia.com.
PajamasMedias.com/slash Victor Davis-Hanson.
The title of the tune is The Depression for Us Idiots.
And I printed it out.
It's three pages long.
It's just brilliant.
I want to link to it at rushlimbaugh.com because the beginning of this will sort of tell you what it is.
I confess I don't know all that much about the theory of economics.
And I've done some unwise things in the strict financial sense in the last 30 years.
I remodeled an ancient family farmhouse.
It'll never be appraised at what was sunk into it.
I have farmed and rented out a 40-acre Thompson seedless grape vineyard whose returns usually did not pay the property taxes, irrigation taxes, infrastructure upkeep and depreciation.
And in unthinking fashion, I kept my modestly or modest monthly 401k contributions through the height of the inflated Wall Street stock prices.
My point, many of us who have little abstract financial or economic sense are nonetheless baffled about the bad news on the economic front and the inability of so-called experts to clarify issues.
Let me list some troubling items.
And it's just that it's, I don't even want to try to paraphrase this because I could not do it justice and I don't have time to read the whole thing.
But we will link to it at rushlimbaugh.com so that you can see it for yourself.
Also, Mayor Bloomberg, what is this?
Can I print this out today?
Hang on just a second.
Ladies and gentlemen, lost bonuses.
This is a Bloomberg story.
Lost bonuses mean Manhattan home prices to drop the most since 1980.
Manhattan apartment sales declined 23% last year as the DJI fell the most since the Great Depression.
Now, I'm not against things like this per se, but I'll tell you what's happening here with the targeting of people that work on Wall Street, the targeting and the raising taxes 90% on these people's bonuses, executive compensation for any outfit that accepts bailout money and so forth.
Mayor Bloomberg knows the tax revenue from about 50,000 people supports New York City.
And if they leave, if any of them start to leave, it's going to put even bigger burdens on the people that stay.
And if housing prices are plummeting, a number of the New York City is going to get creamed with Obama economic policies.
And nobody has the courage to stand up and say so per se.
And it's not just New York City is going to get creamed.
A lot of areas are going to get creamed.
Now, some of you might be, Rush, what do you mean get creamed when what's wrong with apartment prices falling 23, 30 percent?
Well, when the prices are falling because people's incomes are being stolen or limited by the federal government, remember, it's high-income people and their taxes that sustain the New York City welfare state, which is above and beyond the federal welfare state.
And it's killing the goose.
So you get a New York City in big trouble.
Here comes the federal government to the rescue.
All of this adds up to America in a horrible crisis and Obama using his overwhelming popularity with his brain-dead supporters can say, look, okay, it's my fault.
I inherited this and I didn't fix it and here's the solution.
Now, I inherited this.
I apologize.
Wasn't my problem, but I'm the president and I have to deal with it.
And the answer to all this is going to be more and more government.
What's wrong with that?
Folks, it's freedom.
What all this boils down to is individual liberty, and it is slowly being lost.
And people are willingly, slowly turning it over.
Some cases unknowingly, in other cases, I guess they know.
They're just willing to trade it for some security of some kind, economic or what have you.
But this is a full-fledged, it's right out in front of everybody's nose, and not enough people see it.
It's a full-fledged assault on the founding, a full-fledged assault on capitalism, and it's a full-fledged assault on prosperity, pure and simple.
Now, while all this is going on, we got guys like Larry Wilkerson on MSNBC last night claiming that it's Dick Cheney and me who are stoking crazy people who may have tendencies toward violence.
Again, let me read to you.
What did I do with it?
I put it at the bottom.
October 2004, the UK Guardian columnist Charlie Brooker asked the following question: John Wilkes Booth, Lee Harvey Oswald, John Hinckley Jr., where are you now that we need you?
On November 2, the entire civilized world will be praying, praying that Bush loses.
Saad's law dictates he'll probably win, thereby disproving the existence of God once and for all.
The world will endure four more years of idiocy, arrogance, and unwarranted bloodshed with no benevolent deity to watch over and save us.
John Wilkes Booth, Lee Harvey, Oswald, John Hinckley Jr., where are you now that we need you?
So you had a columnist at the UK Guardian actually longing for the assassination of George W. Bush.
There were movies about Bush's assassination, books about it, how to do it.
And we were told, well, this is a little extreme, but we must examine the art, the literary attempt here.
We must get to the bottom of just what the artists try to say.
We were told all this.
Meanwhile, CNN plays tapes, callers to their network, threatening to harm and perhaps kill people that work at AIG.
Brief time out.
Back at it, it says, Mr. Wilkerson, it's not me telling the American people to hate their fellow citizens based on how much they earn or what line of work they're in.
That would be your friends, Mr. Wilkerson.
It's not me dividing America based on race and age and wealth.
That would be your friends, Mr. Wilkerson.
It's not me reaching out to mass murdering regimes throughout the world.
That would be your friends.
Mr. Wilkerson.
Mr. Wilkerson, you worked for a failed Secretary of State, and thus he is a failed aide to a failed Secretary of State.
That's what you are, Mr. Wilkerson, a failure.
And the failures and losers who've worked in Republican administrations always find voice on MSNBC, don't they?
And they end up spewing hate and division 24-7.
That's you, Mr. Wilkerson.
And yes, since we're back to failure, let me again assert something I said yesterday.
I am hoping that Obama's teleprompter fails as well.
We'll be back.
Stay with us.
Before we get back to the phones, oh, I've got an audio sound, but before we get to this, Obama, this is incredible.
This is just fabulous.
This is Obama's this afternoon.
He's in Pomona, California.
He's out there at an electric car plant.
At any rate, you know the women's summit show that we did.
It was sponsored by BG Products, which they're experts in lubrication for your automobile, your oil and brake fluid, transmission of fluids.
And they are asking, BG Products is asking if we are planning, if I'm planning another women's summit.
You know, I got a lot of email about the last women's summit, and most of the critical email was from women, and it left me confused.
The whole point of the women's summit, the polling companies are out there polling me, and they're finding that I have problems with women in approval numbers.
And so we thought we'd do a women's summit like Obama's doing summits in the White House where I can figure out and learn what I need to do.
And the women who listen to it have written me in anger saying, don't do it again.
I'm tired of hearing whiny women.
It was women doing all the complaints.
There were some men too, but it was women doing all the complaining about it, the vast majority of it.
And I had a good time.
I had a wonderful time in the women's summit.
I mean, isn't it the quest for all men to learn as much as possible about women, even though you know it's never something that will end?
It's an ongoing quest.
I thought it was fun.
The BG Products people are asking if we're going to do it again because they want to sponsor the next women's summit, which makes perfect sense.
If you're not heard of BG Products, there's no reason that you should have, really.
That's why they're advertising on this program.
They want you to know about it.
They deal specifically with automobile dealerships and service centers.
They have the absolute best fluid maintenance products on the market.
BG Products.
They have a website where you can find out where in your area a dealership or service center uses BG products.
The website is bgfindashop.com.
bgfindashop.com.
Engine oil.
You know, they say if you just change your oil, that your car engine will last much, much longer.
They offer lifetime coverage for your vehicle for all major fluid systems once you start using their products.
And if in this climate, if you're holding onto your car and not going to get a new one for whatever reason, it makes sense to investigate this.
Just go to the website and see bgfindashop.com.
And it doesn't matter if it's a dealership that doesn't sell the kind of car you have, you can still take it there for service.
And trust me, it's worth it.
I got three General Motors vehicles on the property.
We use BG products in them.
We take it wherever we're necessary to get BG products in the engine, oil change, brake fluid transmission, fluid, power steering, whatever it is.
It is the best you can get.
Listen to this from Obama in Pomona, California, touring the Edison Electric Vehicle Technical Center Garage of the Future.
That's, and by the way, can't blame this on the, well, did we, yes, the teleprompter did tell him to say this.
I take it.
I watched this.
Snurdley's office at the top of the hour.
He was using the teleprompter.
The teleprompter was there at the Edison Electric Vehicle Technical Center Garage of the Future.
This is what the teleprompter told President Obama to say.
Decades we've avoided doing what we must do as a nation to turn.
Turn challenge into opportunity.
As a consequence, we import more oil than we did on 9-11.
The 1908 model t think about this.
The 1908 model t earned better gas mileage than the typical suv in 2008.
Think about that.
A hundred years later and we're getting worse gas mileage, not better.
believe this.
I doesn't...
Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait.
Sterling, you're...
You're see Snerdley going nuts, does he not?
Does he not understand the difference between a car and an SUV?
Snerdley, the teleprompter told him to say this.
I think the teleprompter is starting to have a little fun with President Obama.
The teleprompter learned that it can put anything up there and he will read it.
Remember, the teleprompter put up there, thank you, President Obama, for a wonderful party here at the White House.
And Obama read it.
So the teleprompter knows that it can get Obama to say anything.
Model T got to be?
At what speed did the Model T travel?
And did the Model T have air?
And what about the?
The, the fumes and the pollution, the emissions?
How about the comfort of the Model T?
Uh how, how about to to?
This is exactly what the environmentalist wackos want.
They want us thinking that, all of these antiques, we were far better off as a nation and as a people, that we haven't advanced any the s?
I bet we have plenty of cars that get better mileage than a Model T.
We have plenty of vehicles that get better mileage than a Model T.
So he compares a truck, a massive truck, to basically a lego toy.
I gotta love this teleprompter.
Folks, I have to tell you, this teleprompter is just making my day each and every day.
Look at the stupid stuff this teleprompter is getting him to say.
And, as we pointed out, the teleprompter has its own blog.
It's Baracks teleprompterblogspot.com.
This is just too good.
Where do we go next on the phone, San Antonio, we have to.
Yeah Bob uh, we got about a minute here, but I wanted to squeeze you in like we're going to squeeze doctors in healthcare.
Hi, how are you?
Good, rush?
Thanks very much for taking my call.
Yes sir uh, i'll try to make it quick.
Um, I want to make a baseball analogy.
If uh if, you take 20 million dollars and you put it at shortstop in Yankee Stadium, does it feel the ball the way, the same way that Rodriguez does?
And my answer is no.
You need Rodriguez there well, but he doesn't play shortstop well.
In the past he did.
Derek Jeter plays shortstop.
Alex Rodriguez, when he's not looking at himself in a mirror, plays third base.
So Aig, the company so big that if it Failed, we would all collapse.
It's so important that the government has to bail them out.
If bailing them out works, why are they so concerned on what they're doing with some silly bonuses?
Well, see, that's the whole point.
If we want that, I made this point earlier in the week.
If we want these companies to keep doing what they do, and we obviously do for bailing them out, then how can we moan and whine and complain when they do what they do?
Especially when the Treasury Department ordered the bonuses.
These are Obama's bonuses.
The government insisted they be in there.
Bonuses are one-tenth of 1% of all the bailout money AIG got.
By the way, all the bailout money AIG got didn't go to AIG.
Some went to Goldman Sachs, some went to foreign banks.
Don't forget that, folks.
That's the larger scandal here than these bonuses.
Be right back.
Sit tight.
You know, top speed of the Model T.
I got this in Wikipedia, so you know, but they say that the Ford Model T, it was a four-cylinder, 177-cubic inch, 2.9-liter engine, 20 horsepower.
Top speed of 45 miles per hour, which means, I mean, my car has a top speed of 220, but I never drive it at 220.
How many people drove the things at 45 miles an hour?
Horsepower.
Well, one of them does.
The other's about 180.
No.
Well, who takes regular gas?
Well, the Model 2, of course, it took regular.
Yeah, LED, no Catholic converter, catalytic converter.
Did I say Catholic converter?
Catalytic converter in the Model T, all this weight that has been added to the cars was not there.
I know it had a great disgruntlator, but it didn't have a roof.
Half of them didn't have roofs.
Half of them didn't have windows.
Half of them didn't have trunks.
It's just this teleprompter, I'll tell you, folks, you got to love it.
Obama, we haven't made any progress because the Model T gets more mileage than an SUV or got more mileage.
Top speed of 45 miles an hour.
We don't have the audio on this, but also at the town hall meeting, the Obama yesterday teleprompter in Costa Mesa told Obama to say that rich people can afford to pay higher taxes.
He was selling his budget as an investment in the nation's future.
The teleprompter of the United States, TOTUS, told Obama to say these folks can afford it.
They were rich back in the 90s.
It's not like suddenly they're going to have to go to the poorhouse.
But what that does, it allows us to pay for health care reform for a lot of people.
So he was not lying or misspeaking when he spoke to Joe the Plumber talking about redistributing income.
Going after a line of attack Republicans have used against him, Obama insisted, I don't think it's unreasonable to raise taxes on the rich.
I don't think that's socialism.
I don't know what, of course, it's socialism.
It's socialism light.
So whatever you want, you know, the labels here, statism, collectivism, whatever you want to call it.
It's certainly from each according to his means, to each according to his needs, except the to each according to their needs never works out.
In socialism, nobody gets their needs.
Everybody's equally miserable.
To the phones.
David in Omaha, I'm glad you called, sir.
Thank you for waiting.
You're on the EIB network.
Thank you, Rush.
Happy ex-liberal dittos to you.
Thank you, sir.
I was at a truck stop in Indiana two nights ago, and I overheard two gentlemen saying that the AIG executives were stealing money from their children's mouths and that they should be taken out back of their building, handcuffed, and have plastic bags put over their heads.
And so I immediately injected into the conversation.
Wait, get the setting here.
You were at a truck stop?
Yes, sir.
In Indiana?
Yes, sir.
You drive a truck.
Yes, I was forced to kind of go into trucking a few months back.
Well, there's nothing wrong with that.
I just turned out to get.
And these other guys were truck drivers, too?
Yes, sir.
This stuns me.
Well, that was an awful lot of money.
I did not know we'd lost the truck drivers.
This is worse than I thought.
If we're losing the truckers, then this is a far more serious problem than even I, Il Rushbo, ascertained it to be.
You actually had a couple truck drivers that want these guys at AIG put plastic bags over their head and handcuffs out back of the building.
Yes, and when I came to their defense and spoke about the contract, and I even asked them, I said, if you worked there and those were your, that was your job and those contracts, you know, and that money was due to you, would you not accept that money?
And that's when they got angry.
And then they said that they were going to take me outside and do physical harm to me.
And I, you know, the calmer I stayed, the angrier they got.
And the more logical I became, the more illogical they became.
See, you cannot use logic on these people because the chaos of their emotions is what governs them.
That's right.
They actually called me a rich neocon and a parrot for Rush Limbaugh.
And at that moment, I told them, I said, you know, I have a wife and three children, and we're having a hard time making our house payment.
We got two cars that are on their last legs.
I'm being affected by the economy, too.
I said, this is not a Democrat or Republican thing.
This is affecting everyone.
And I think that both parties, to a great degree, are blamed for it.
But the policies of this president are not working, and they're not going to work.
And especially when you have the insanity of this situation, this is total insanity.
I'm appalled.
You said this to these other truckers?
Yes, and they got very angry.
And one of them put his chicken dinner down and stood up.
And I just ignored them because they were threatening me.
They were threatening.
Wait, wait, wait, wait.
You're going too fast here.
See, people like me naturally curious have quite.
He put his chicken dinner down.
He put his chicken dinner down.
Now, wait.
What was the plate in his hands?
It was a box of chicken.
Bots of fried chicken.
Yes, right.
Bots of fried chicken at a truck stop.
But he was white.
He was white.
I'm not making any type of a racial.
No, no, no.
I know that.
I'm trying to get the picture.
Did the guy have a piece of chicken in his hand or the whole box?
He had a box dinner of chicken from a famous truck.
Okay, and he was getting ready to leave and go back to the truck and eat it there.
And you made him so mad he put the box down on the counter.
He put the box down on the floor and threatened to take me outside and do bodily harm to me.
So all because he could not come up with a logical defense.
Yeah, that's right, because you're dealing with the chaos of emotions of these guys.
Your logic penetrated, and they didn't like in their own minds being shown up.
Were these by any chance, this chicken, was it chicken McNuggets by any chance, or was it chicken breasts or thighs?
What was it?
It was a chicken dinner, which comes.
I had just had one a little while before, and it comes with a chicken breast and a chicken wing and a biscuit.
Okay.
What did you do?
This is very, very important.
I want you to think about this.
What did you do when they impugned me by saying you were nothing but a Rush Limbaugh parrot?
What did you do?
Be honest.
Sure.
I said, Rush Limbaugh, I said, this has nothing to do with Rush Limbaugh.
I said, this has everything to do with right and wrong.
Therefore, it has everything to do with Rush Limbaugh because I'm right about this.
Therefore, you're right about this.
Yes, but you know what?
I have beliefs and morals and values that are probably pretty equal to yours, but that doesn't mean that, you know, those come from God.
And don't get me wrong.
You reinforce a lot of what I say.
No, you're misunderstanding me.
I'm not.
I'm not.
No, no, no, no.
I'm not placing myself above you, much less am I placing myself above Obama.
If I would have stood there.
But what I am saying is, you are a loyal listener.
You call this program, right?
Yes, sir.
You just call me and tell the story.
Guys threaten you with bodily harm.
They sit there and impugn your host.
I think the next time this happens, and the odds are it will now that we're talking about this, next time it happens, stand up.
What's wrong with Rush?
He's absolutely right.
What is your problem with Rush?
And put it back on him.
Put all the, what's your problem with the Obama administration ordering these bonuses?
You know, the problem that we have, I understand these guys are threatening you and menacing you and intimidating you physically and so forth.
It may be tough to do, but we get into these situations and we accept the premise of the clinically insane.
These guys you're talking to last night are so chaotically emotional, probably be clinically insane given what they said they were for.
Of course, it's tough to deal with that, but these, I mean, in a rational way.
But we got to stand up against all of this rather than let these people set the premise.
These people are terribly wrong.
You had an opportunity to save these people, give them some serious help and advice.
And you did.
I mean, you did it the best you could.
I'm proud of you.
Don't misunderstand.
Sure.
You know, one of them, speaking of insane, he stood in front of me and did all these karate moves.
And Rush, it was total insanity.
You should have seen it.
And everybody in the room knew it.
They were looking at these two gentlemen like they were absolutely off the wall.
How old were these guys?
One of them was in his late 40s, and one of them was in his late 30s.
Now, as I say, if we're losing the truckers, I mean, that's a group that I've always thought we could.
Well, that's true.
That's true.
Snurdley has pointed out to me they could have been union drivers.
It could have been Teamsters.
You're absolutely right.
I'm glad you corrected me on that because I did not want to sit here and think we lost the truckers.
I appreciate the call, David.
Thanks very much.
Barney Frank was asked last night on MSNBC the following question.
Fox News and Rush Limbaugh are accusing you of McCarthyism.
It was Martha McCallum who did this.
And by the Media Matters has that's where that's where they got the question, by the way.
Because the Media Matters is running this daily.
Never mind.
That's where these people at MSNBC would be lost without Media Matters to tell them what happened and what questions to ask.
So here's Barney's answer.
I didn't know that Rush Limbaugh thought that McCarthy was a bad guy.
That's probably one of the few times that either Fox News or Mr. Limbaugh have said bad words about Joe McCarthy.
He's always been a right-wing hero.
In fact, I'm not what McCarthy did was to falsely accuse people of things and to make guilt by association arguments or talk about their political associations in ways that were unfair.
I'm simply asking for factual information about people working for a company that is mostly owned by the federal government.
Oh, this is a popular myth that McCarthy falsely accused people of things.
Mr. Frank, he was falsely accusing people of being communists.
What's so bad about being a communist?
You liberal Democrats love every communist regime to come down to pike, from the Sandinistas to Hugo Chavez to Fidel Castro to, of course, the Soviet Union.
What was so bad about being accused of being a communist?
The problem with McCarthy was that he was right too many times about things.
If he was wrong about it, they would have made a joke and laughed about it and so forth, but he was getting too close in a lot of ways.
McCarthyism is one of these things that's so greatly misunderstood and now misreported and exaggerated.
Barney doesn't even get the irony here.
He doesn't even understand.
Joe McCarthy sat there on a committee and was basically using the power of government to impugn, legally or not, falsely or not, private citizens.
Barney Frank's doing the same thing, demanding their names be made public, that their bonuses be turned back, even after being told that they are being threatened and they fear for their own safety.
Barney Frank, Lufkill, Duket, the NAIDS will be voofth.
I want to vlooth them here the committee.
Look at them, McCarthy.
I don't care what it is.
The NAIDS will be voofed.
I don't care what you say.
So people, well, what is this?
This is the unbridled power of government that doesn't seem to be stoppable.
Back in just a sec.
Jim Cramer, the once brave and courageous Mad Money host at CNBC, has caved.
Jim Cramer, after saying that President Obama was conducting the greatest wealth destruction by a president in history in his lifetime, as you know, went on Comedy Central to a show there and had his lunch handed to him, supposedly.
And now Jim Cramer has decided he'd rather be loved by the left than tell the truth.
Jim Kramer has lost his courage.
Here are some sound bites to illustrate from his Mad Money show last night.
Obama heeded the critics, even some from his own party.
He's seen the light.
Obama changed, or at least his message did.
He seems to have realized that he was heading down a path that was causing the great wealth destruction.
So he changed course.
Obama realized the market's power and importance.
He grasped the fact that many people actually own stocks.
And even those who don't are affected by the markets, they have pensions, annuities, or life insurance policies, which sure as heck are not in CDs.
Yeah, in a very quick study, the president figured it out.
His team got the message.
And we've been hearing pro-business noises from them ever since.
In the midst of destroying AIG, in the midst of taxing bonuses, contractually obligated.
Here is more Jim Cramer saying that Obama's light years ahead of Bush.
It's clear the man is light years ahead of his predecessor.
No matter how much we yelled, no matter how much the experts and the public criticized what was going on, Bush and Paulson never once changed direction.
Never.
Obama's team is different.
And their positive pro-business attitude has now changed the way we feel about the market.
This is such a cave.
This is a 100% collapse by Jim Kramer, who obviously felt the pressure from somebody to get back on the liberal team.
Here, here's another one.
We got a president who can change his mind.
One who recognized that our 401ks and annuities are filled with stocks.
An asset class that's had its worst decade in history, and frankly, we just, we can't take it anymore.
With his constructive attitude toward Main Street nest eggs, he created a brighter prism through which we interpret data that would most certainly have been viewed negatively or even ignored before now.
So that change in tone could not be more important.
This is a hostage video.
They had to have Jim Kramer hostage last night on his own show because let's listen to this March 3rd, 16 days ago.
We have an agenda in this country now that I would regard as being a radical agenda.
I think that we had a budget that came out that basically put a level of fear in this country that I've not seen ever in my life.
And I think that that changed everything.
So the policies are not shareholder friendly.
Shareholder friendly?
This is the most greatest wealth destruction I've seen by a president.
That's a 16 days ago, Jim Kramer, but a hostage situation.
Stockholm syndrome has taken over.
Jim Kramer now with his mind right.
And we'll take a brief time out.
Sit tight.
Back after this.
Don't go away.
A question for Jim Kramer.
Jim, you say Obama's done a turnaround.
Everything's cool.
Go ahead and buy stocks.
And yet the Fed said yesterday they're going to pump an extra $1 trillion into the economy because the recession continues to weaken.
So what was all the talk out of Obama in summer?
Supposed to buy stocks.
Did they know that this development was coming?
$1 trillion printed by the Fed because the recession is deepening?
See you tomorrow, folks.
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