I've normally wouldn't play them, but they're so stupid.
It's some drive-by reporterette from Cleveland on C SPAN talking about me.
And I normally wouldn't play these because they're not relevant to anything, but they're funny, so we will.
Uh greetings, and welcome back at Rush Limbaugh, emitting vocal vibrations, rhetoric and resonance nationwide on this the most listened to radio talk show in America.
Great to have you here.
Telephone number 800-28282 and the email address El Rushbo at EIBNet.com AP.
I guess this is uh from last night.
I'm not sure what it do.
Says I received this note on June 4th, 2009, but that's not possible.
So it's it's an AP story over the way from Friday.
It's after the Chrysler stuff where he re rammed uh the uh the hedge funds and so forth.
Wall Street is not going to play as dominant a role in the economy as regulations reduce some of the massive leveraging and massive risk taking that had become so common, Obama said.
The changes in the role of Wall Street and the huge profits that came from that risk taking could mean other adjustments as well.
Obama said, Oh, it's a New York Times magazine, but this is the AP writing about it.
So it actually came out over the weekend.
That's what I was right.
What he said was that means now, folks.
This is just crucial.
Do you remember during the campaign, setting up this next Obama quote, when Michelle My Bell Obama went to Zanesville, Ohio, and she told the women in the audience, don't go to Wall Street.
Don't become lawyers, don't become whatever it's a hedge fund managers or whatever Wall Street term.
Stay here, stay in the community, become a nurse, help people.
Now this this is a quote that got some attention.
To me, it was worth a lot because I think these people inadvertently slip up and tell us what they really think.
And therefore what their policies are really going to be.
I think another time she was honest when she said she was the first first time proud of her country.
And I because it finally her husband was nominated to be president.
Well, that tells me she's been angry.
I I I think Michelle My Bell is an angry woman.
I think Barack himself is angry.
And they spent their whole lives in anger.
And they've been and an anger has been fueled by people like Jeremiah Wright and Bill Ayers.
All that stuff mattered to me.
So there's there's Michelle My Bell telling people in Zanesville, Ohio when the unemployment rate was sky high.
Don't leave here.
Stay and become nurses.
Work for other people.
Let's jump forward to the New York Times magazine interview this weekend.
Barack Obama says Wall Street will play a less dominant role in the economy.
Because he doesn't like the leveraging and the risk taking that's become so common.
Become so common.
And here's what he said.
The changes in the role Wall Street and the huge profits that come from that risk taking could mean other adjustments as well.
Quote Obama.
That means that more talent, more resources will be going to other sectors of the economy.
I actually think that's healthy.
We don't want every single college grad with mathematical aptitude to become a derivatives trader.
We want some of them going into engineering.
We want some of them going into computer design.
So when you couple these things together, here is Barack Obama saying, I'm going to make sure Wall Street plays a less dominant role.
And he's when he's saying the private sector is going to play a less dominant role.
I'm going to chop off the I'm going to chop off some heads.
I'm on a downsized Wall Street.
And they've done it with pay caps, caps on bonuses and so forth and so on.
And now he's going to try, by hook or by crook, to get people who go to Ivy League schools and elsewhere not to take their degrees and go to Wall Street, but rather to computer science or engineering.
Now you don't have to read between the lines here.
This is exactly what it appears to be, a command and control economy.
Obama said he wishes he could push a button and fix that, push a button.
Well, he's just pushed a button here, pushing a button, he's gonna cut Wall Street down to size.
The Obama administration is trying to restore more regulations on the financial sector to avoid some of the risk taking that helped cause the current economic problems.
He said Wall Street will remain a big important part of our economy, just as it was in the 70s and 80s.
It just won't be half of our economy.
Uh is Wall Street half of our economy.
Who's got that stat?
Even if speaking hypothetically here, accepting his point, even if Wall Street's half the economy, it's good news that he's gonna cut he's he's gonna he's gonna whack half the economy.
The government's gonna be the dominant player.
The government is occupying and directing the private sector.
The government is right now occupying Chrysler.
They're gonna occupy General Motors.
No predictions needed because this is happening.
Next is going to occupy Wall Street.
Wall Street got so big because so many individuals wanted in.
Individuals using what?
Liberty and freedom.
That's why Wall Street was no conspiracy to explain why Wall Street got big.
People wanted to go there.
It turns out now too many to please Obama.
What I think will change, Obama said he expects that government efforts to fix the economy will cause long-term changes.
Ha!
No kidding.
What I think will change, what I think was an aberration was a situation where corporate profits in the financial sector were such a heavy part of our overall profitability over the last decade.
Now remember, these were publicly traded companies we're talking about.
Individuals invested in publicly traded companies, which created these profits.
And people became very prosperous.
You know, profits are the mother's milk of politics.
Without profits, you don't have a whole lot of donations to people like Barack Obama.
This is one people may way way one way people make money in the stock market, and he doesn't like it.
Obama said that he's confident that people will regain trust and confidence in the financial system, but believes it's going to take time.
He then said, I think it's important to understand some of that wealth was illusory in the first place.
Some of the wealth was illusory.
Really?
So according to Obama, you didn't really lose anything when your 401k was cut in half.
You haven't lost it.
Because the value of your 401k was illusory.
It was artificial.
It wasn't real.
So you really haven't lost anything.
If you have a stock portfolio that's down 40%, you really haven't lost anything because you really never were up 40%.
Because what you've lost, you never had.
It was illusory.
It was on paper only.
Now, if we're going to apply this as a way of assigning value to things, then how in the hell can we say the U.S. government has any value when it's trillions and trillions and trillions of dollars in debt?
You want to talk about illusory value, social security.
Illusory value, Medicare.
Illusory value, the war on poverty.
Illusory value.
The wealth on Wall Street was real.
It was made by individual citizens.
Investing, either as members of a group, mutual fund or what have you, or individually in securities and equities.
It was real.
Otherwise, the losses wouldn't bother anybody.
This is striking to listen to this.
Well, if the wealth was illusory, Mr. Obama, why are you so against it?
What bothers you about people's wealth if it's really not wealth, if it's really just illusory?
This, this is what I talked about at CPAC.
This is Barack Obama remaking America in his image.
This is Barack Obama taking this country, restructuring It in a way he thinks is fair, returning the nation's wealth to its quote unquote rightful owners.
Okay, we are back.
Great to have you here, El Rushbo.
And the EIB network.
Uh this is kind of a waste of time because we're going to give you giving airtime to a stupid person.
And I just, I'm growing more and more unable to suffer fools politely.
Well, we haven't played Biden a lot lately, frankly, we paid Biden, but Biden's funny when he is when he's stupid and ignorant.
But I mean, it just suffer and there are a lot of fools out there today, particularly uh in in politics.
But people say these are funny, so here we go.
It's C-SPAN's Washington Journal yesterday morning.
Steve Scully spoke with Connie Schultz of the Cleveland Plane Dealer.
Steve Scully said, we had a caller mention Rush Limbaugh and others.
What do you think of uh Limbaugh?
Rush Limbaugh in particular, there's so much hate there, and it and it fuels people who want to be angry who just want to hate.
And certainly right now in our country, there is so little product uh productive um outcome from that.
We could talk about this as human beings.
When I'm angry, when I'm all worked up, I am not my best self.
I my vision is affected in terms of how I see things.
My opinions are distorted by my rage.
Um I I don't think it's ever a good idea to try to just fuel rage in people.
Now, what she's reacting to here, as we'll learn in the next soundbite.
She thinks that it was hate-filled rage that made me say I wanted Obama to fail.
What Connie Schultz of the Cleveland Plain Dealer, and it's it's paramountly obvious, manifestly obvious, that she has never listened to this program.
There's no hate on this program.
There's no rage on this program.
But it's typical.
She's a journalist.
She's supposedly among the best and brightest, some of the most informed, one of the most informed people in the world, and she's blit just blitteringly ignorant when it comes to this program.
It's just so much hate.
So much hate.
So Scully said, well, do you think you think Rush because Scully knows me?
I mean, I've run a scully a lot of places.
And the one thing I Scully would never send a hateful person, he said, do you think Rush Limbaugh's a hateful person?
If you're going to encourage people to be hateful, you are hateful.
I've had a little experience with Rush Limbaugh fans recently, because I wrote a column about um he had claimed he wanted to know how why women don't like him.
You know, a lot of women in this country care about the outcome of this country, and they don't like it when he says he wants Barack Obama to fail.
To me, that's unconscionable right now when you talk about the consequences of if the president fails and what he's trying to do to save this country.
Think of the consequences.
Really?
Really?
Do you want that?
So yes, I would say that's hateful.
So it's she's just blessed, it is it is almost not worthy of comment.
But I will comment.
Uh first place, she didn't get that the women's summit was a joke.
It was itself satire.
Because liberals can't laugh these days.
There's nothing funny to them, particularly if you challenge political correctness.
Obama failing.
Ms. Schultz, I do not want President Obama being the CEO of Chrysler, or the UAW being CEO of Chrysler, I do not want Wall Street cut down to size.
Obama succeeding to me precisely means America failing as we've known it.
I do not want America to fail.
I love America.
I want America to survive, which is why I want Obama to fail, because Obama's promising to remake America.
Well, he doesn't have that constitutional authority.
There's nothing in the Constitution giving the executive branch the right to remake America to rewrite, to redo the Constitution.
As I said, suffering fools is it's just it's it's getting harder and harder and harder as uh as I grow old, especially in uh in fields of endeavor where you think there's gonna Be at least an average IQ.
Maybe she doesn't have an IQ of three figures.
Maybe she can't crack 100 on an IQ test.
But for crying out loud, how even with an IQ of 90, with just some little bit of critical thinking ability.
You ought to be able to understand and analyze what I want Obama to fail means.
Does she not have the ability to ask herself, did she want George Bush to fail in Iraq?
Did the Democrats want George Bush to fail?
What about the consequences to America if America had failed if Bush had failed in Iraq?
Connie.
Next column will be on how I hatefully responded to her and ginned up all kinds of hate mailed to her as a result of my playing her sound bites.
Well, the uh she's right.
Time magazine on the top 100 most influential on number one in the arts and entertainers category.
H.R. just said, how can you be an entertainer and be hateful?
I mean, even Don Rickles is loved, even though he's a great insultary.
How can you be hateful and be an entertainer?
Uh let's see.
Yeah, Connie, you know, I'm going to be speaking before a thousand people of Heritage Foundation tonight.
Do you think all of them are saying, hey, honey, Limbaugh's in town tonight?
Let's go listen to some hate.
I think that's why they're showing up, Connie.
Dits.
Susan in uh Toledo, Ohio.
Welcome to the EIB network.
Hello.
Hi, Rush.
I just wanted to make a comment on the Chrysler bond debacle, and also I have an idea for our teaching tour.
The first thing I wanted to say was the SEC is going after Ken Lewis of Bank of America for not telling his shareholders that Paulson brought um pressure to bear on him to buy Merrill.
And I wanted to know if the SEC is going to go after Vikram Pandit of City and the gentleman of Chase who escapes my mind right now for not telling their shareholders that the Obama administration put pressure on them to take the lower price.
Wait a minute.
I've I've lost track here.
Are you talking about the Chrysler deal?
Yes.
The SEC didn't have anything to do with this.
They're going they're going after Ken Lewis and saying to him that he should have told them that there was pressure brought to bear on him by Paulson to buy Merrill.
Okay, who's who's saying that Ken Lewis should do what?
When you say they, who is they?
No, I'm wanting to know if the SEC is going to go question Vikram Pandit from City.
And the gentleman that's in cheddar ahead of Chase, because those banks that got TARP money, I think there were three or four that I read, got like a hundred billion dollars in TARP money, and they're trying to say that they the administration is trying to say that they did not use that influence and making them take down their bond price on Chrysler.
Uh okay.
Well what what you're confusing me with here is Ken Lewis and Citibank and Pandit, because I don't know what that's got to do with Chrysler.
Because City and Chase had bonds with Chrysler, and they brought their price down to what the Obama administration wanted.
And the Obama administration is trying to say that they did not use their influence because those banks have TARP money.
Oh.
Um there is one hedge fund, and I'm having a mental block of the name of it, that held out.
Right.
And the Obama administration, according to the lawyer for this hedge fund, said we're gonna unleash the power of the White House press corps or ruin your reputation on that one hedge fund.
And so the hedge fund buckled.
Right.
That hedge fund held about six point nine billion dollars in debt that was debt for Chrysler that had with the result of individuals investing in that hedge fund who were who were taking a risk on buying Chrysler debt.
Now, when you st the the the other bondholders did not put up a fight, are you saying they didn't put up a fight because they got TARP money?
Yes, but they got pr they got the uh city chase and there was one or two other banks, and together they got a whole total of a hundred billion dollars.
And in the Bloomberg article that I read, the Obama administration came out and said that they did not use pressure because those banks got TARP money for those banks to bring down the price that they were asking.
Okay, I've I all right.
Well, I addressed this on Friday, and I I said there are there are three possible ways that this could have happened.
One is that there was some TARP money under the table that was able to be used by some of these bondholders that uh they really they weren't out anything because they were they're being bailed out under the table.
Nobody knew about it.
Uh the other reason was they did it out of the goodness of their heart to save Christ, and the third reason was that uh they're scared to death of the government.
And I think the the answer in in the case of all three, be it City or whoever, they're afraid of the government.
Whether they got TARP money or not, not everybody did.
The hedge fund did not.
But you have to remember that last year when Bank of America bought Merrill.
Ken Lewis said that the um Paulson and um Bernanke brought pressure to bear on him to buy that.
He had to buy it.
And the SEC is now investigating him and saying, why didn't you come to us and tell us that pressure was being brought to bear?
Why didn't you tell your shareholders?
So at the same time, my question is is the SEC going to go to those other banks and say was pressure brought to the SEC's the Obama administration.
It's not going to a lot of these banks wish they never took the TARP money.
A lot of these banks want to give it back.
The Obama administration is refusing to take it.
Many of the banks with Paulson in the original TARP conference were not let out of the room until five o'clock in the afternoon, unless they had signed.
Wells Fargo was what did not need TARP money.
They were all made to take it.
Um I appreciate the uh the call Susan.
I got brief timeout.
We'll be back.
We will continue right after this.
Stay with us.
We don't get too many stories from the United Press International, but here is one.
It's from Chicago yesterday.
Health experts said that the worried well, I mean people who are perfectly healthy but worried, are overburdening a whole lot of hospitals with imagined symptoms, among them uh swine flu.
The Chicago Children's Memorial Hospital, uh, which more than doubled its average number of patients last week.
Kathleen Shanahan, a nursing director at uh Chicago Children's Memorial Hospital said a lot of parents who were worried about the flu.
It was a lot of worried well.
Uh I haven't seen Mark Bell, who is a principal of emergent medical association, associates in uh clinic and California 18 clinics in California said, I haven't seen such a panic among communities, perhaps ever.
We are spending significant time in the emergency department calming people down who are totally healthy.
The worried well.
Now, how did the well get worried?
You're running around out there, you're minding your own business, and you turn on television and you hear about swine flu, swine flu, swine flu, and you hear about close the border here and close the border there, and airplanes being canceled, and country shutting down and then you read 300 cases, ten deaths.
This was as of the weekend.
Who's worrying the well?
My friends, it's the Obama administration with their buddies in the drive-by media.
So here you have on one hand, look at the Obama administration as a juggler.
On one hand, here's this swine flu and crisis and paranoia.
What are they doing with the other hand that you're not watching?
Whenever this bunch gins up a crisis, I guarantee you the last thing you should do is pay attention to that.
Pay attention to other things.
I will guide you.
It is precisely what we do on this program.
New York Times with a uh a story on Saturday, seeking to save the planet with a thesaurus.
Now listen to this.
Here's by John Broder.
The problem with global warming, some environmentalists believe, is global warming.
The term turns people off.
It fosters images of shaggy haired liberals, economic sacrifice, and complex scientific disputes, according to extensive polling and focus group sessions conducted by Eco America, a so-called nonprofit environmental marketing And messaging firm in Washington.
Instead of grim warnings about global warming, the firm advises people to talk about our deteriorating atmosphere.
Drop discussions of carbon dioxide and bring up moving away from the dirty fuels of the past.
Well, that sounds suspiciously just like an Obama policy.
We've got a we've got to ignore the failed policies of the past.
We have to now move away from the dirty fuels of the past.
Then they say don't confuse people with cap and trade.
Use terms like cap and cash back or pollution reduction fund.
Now this is the New York Times helping a bunch of eco warriors, just left wingers, sell a hoax.
They're just helping them sell a hoax.
And what they're saying is that the way they've been selling it isn't working.
The polling data shows that the environmental issue is way down the bottom of the list when you ask people what's most important to them right now.
So they got to get the issue back up.
And the last thing they can do is tell the truth about the economy.
The last thing they can do is tell the truth about the environment.
They have to make it up.
In this story, there is also this passage.
When you say global warming, a certain group of Americans think that that's a code word for progressive liberals, gay marriage, and other issues.
Global warming is code word for gay marriage.
Meaning that the opponents of global warming think it's just a bunch of left-wing gay activists that are pushing it.
And so they've got to uh change the issue.
So once again, we get a story right out of the New York Times that tells us how the left attempts to bamboozle everybody, and then when they fail, we get advice from other left wing groups.
Okay, you're failing to bamboozle and mislead this way.
So here's some new terms.
Don't use cap and trade.
Use cap and cash back.
That's a bigger lie.
There is no cash back with cap and trade.
The correct way to describe cap and trade is cap and tax your ass off.
To the tune of an additional average $3,000 a year for the average American family taxes.
Once they start taxing carbon, well, carbon is in everything.
A carbon tax that's it.
We are made of carbon.
Here's Lori in uh in White Plains in New York.
Hi, Lori, glad you waited and welcome to the program.
Hi, Rush, Megadiddos from myself, and I know my Uncle Bob is sending them out to you as well.
Thank you.
Um First of all, I know you have your nicknames for um our president, and I like to call him MacBoma and Lady McBama, along with the three weird sisters, Rama Manuel, Harry Reed, and Nancy Pelosi.
Um my point is uh I think to move the the conservative party forward, we need to be problem solvers rather than ideologues without compromising our ideals.
For example, the stem cell research um controversy.
We've got one side saying nothing at all, and the other side saying dead embryos or you know, thrown out embryos.
But there's a there uh cord blood, harvested cord blood is so rich in stem cells that I I haven't heard anyone put that on the table as an option.
Um I mean, I had two kids.
I just had one again back in September, and uh, you know, that cord blood went nowhere.
Um people people spend, you know, thousands of dollars have it harvested for future use and whatever.
So why couldn't somebody have given me a piece of paper and I could have signed away my cord blood so that it could have been used for scientific research.
Where was it the the the you ask so that you're asking why didn't somebody at the hospital do this?
Well, I'm just saying, why hasn't that been on the table as it's either embryos or nothing?
Just like it's either you're either pro-abortion or you're pro-life, and there's nothing about it.
Oh, no, no, wait, wait, wait, wait, no, don't throw abortion in there.
Don't don't no, no, that that's a different as a totally different.
Well, no, but it's see, it's really not.
You see, it's it's it's really not.
You're you're you're upset with absolutes because a lot of people don't like clear-cut right and wrong.
It makes them uncomfortable.
But I guarantee them to you, life is filled with absolutes.
Very clear right and wrong.
Now, what you start cord blood, I'm sorry.
I don't mean to be offended, but I am.
Because we talk about cord blood, adult stem cells, alternative to embryonic stem cells on this program all the time.
The reason why you weren't presented is because there are people who do believe in absolutes who only want embryonic stem cells used even though there is no record of any success.
They want embryonic use because it's a political issue.
So we have to fight absolutes.
And you don't fight absolutes with lukewarm water.
You don't fight efforts to destroy the American culture and the American political system and the Constitution with lukewarm water.
Now, granted, absolutes may offend people and it may make them feel uncomfortable and so forth.
Well, damn it.
It's about time left-wing absolutes made them feel uncomfortable.
It's about time destroying the U.S. economy and nationalizing it made them feel uncomfortable instead of comfortable.
Now, as to as to why hospitals didn't tell you about cord blood.
Guess who's running the health care system for the most part?
The U.S. government.
And Barack Obama and the U.S. government are big believers in embryonic stem cells primarily because they get muco bucks, buco bucks, and contributions of people who believe in it.
And that is the embryonic stem cell argument has as its unspoken purpose to further the issue of abortion.
You have you have to abort kids to get embryos.
There are successful stem cell applications from like you say, cord blood, adult stem cells.
Do you know what a bone marrow transplant is?
A bone marrow transplant is adult stem cells.
Bone marrow transplants are working miracles in prolonging the life of people who come down with various forms of the blood cancers.
Not embryonic.
Adult stem cells via bone marrow transplants.
So absolutes exist for a reason.
There's there's how do you negotiate between victory and defeat?
Where do you go?
Where's the middle ground, victory and defeat?
Where's the middle ground with good and evil?
Where's the where's the middle ground with right and wrong?
Where is it?
Right and wrong are pretty absolute, and they're pretty well defined.
Ideology is education.
Ideology is rooted in solving problems.
Ideology, well, for example, conservative ideology is rooted in freedom and prosperity for the maximum number of people possible.
And therefore, conservatism as an ideology is about solving problems.
It is about fighting people who do want to do just the opposite.
Take away your freedom.
And what you were basically encountering was was a lack of freedom.
Because a bunch of absolutists don't want you being informed about cord blood or adult stem cells.
You were dealing with absolutists when they insisted on.
You think the absolutists can be persuaded.
You think the absolutists on the left can be persuaded if we just weren't so absolute.
This is like saying, well, Rush, if we just close down Abu Ghrab, the terrorists won't attack us anymore.
Wrong.
If we close Abu Grab and start beating ourselves up over what we do to catch people that killed 3,000 of us, they're gonna laugh at us and kill 3,000 more of us, thinking it's gonna be easier.
We'll be back.
Stay with us.
Carol in uh Carrie, North Carolina.
Great to have you on the program.
Thank you for calling.
Thank you.
It's an honor to speak to you, Resh.
Thank you.
I've been a fan since the beginning of your show, and I told all my friends and family I you'd not believe this guy on the radio.
He he agrees with me.
I can't believe it.
That's the that's exactly the way to tell them to.
And my dad became absolutely your biggest fan, I have no doubt, but what he was a bigger fan than your own mother.
He planned his day around your show and uh started buying Snapple by the case and and even took my mom to Ruth's Chris for your for her birthday.
Good man, good man.
Yeah, he died in 1995, and when I went to get his things from the medical examiner's completely unexpected, the first thing that fell out of the the envelope was his driver's license, and the tears just started coursing down my cheeks, and all the staff people came running over to comfort me, and then I started chuckling, and they looked at me as if I was some sort of weirdo or freak or psychotic or just plain to little touch in the head.
And they asked me what I was laughing at, and I said, um, this picture was taken between 9.06 and noon.
Dad lived in in California.
And they said, How do you know that?
And I said, This the wire that you see going from this pocket to his ear is a transistor radio in his pocket, an earphone in his ear.
He had taken his final driver's license test and had his picture made all while listening to the Rushlin Bosch.
Well, uh, you know, I'm I'm I'm glad you have such fond memories of your dad being associated and listening to this program.
Oh, you became an honorary member of the family.
Mom and I grieved with you when you lost your hearing, rejoiced with you with your cochlear implant and prayed with you through rehab.
Thank you.
Thank you.
Anyway, um, what I was calling about is as I watched President Obama micromanage all of these companies, um, because they've taken TARP money and saying it's to protect the taxpayers' money, I think about government funded health care, not even just for government run health care, but even government funded health care.
What's gonna stop him from micromanaging everything in our lives?
Because everything that we do arguably affects our health, how much we sleep, where we eat, where we work, how many kids we have.
Nothing, nothing.
That's the objective.
You're you're right on a grab audio soundbite number twenty.
This is Jan Shikowski.
This is um uh from April.
This was around Friday.
I didn't get to it Friday, but this is Illinois Congressperson uh Jan Shikowski.
And next to me was a guy from the insurance company who then argued against the public health insurance option, saying it wouldn't let private insurance compete.
That a public option will put the private insurance industry out of business.
And I said he was right.
The man was right.
I uh I here's what I told him.
I said, excuse me, sir, the goal of health care reform is not to protect the private health insurance.
And I am so confident in the superiority of a public health care option that I think he has every reason to be frightened.
There is a congresswoman from Illinois, Jan Chikowski, basically saying we are gonna get rid of private insurance and the private health care industry uh in total.
We're gonna do it.
So my yeah, uh you wait till they start micromanaging how much your doctor can get charged, and what illnesses you're gonna be treated for, what's covered it not going to be pretty.
Where does the time go?
I'm in it's over.
The show's over.
And now it's on to Washington, D.C. for the Heritage Foundation President's address tonight.