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May 5, 2009 - Rush Limbaugh Program
34:47
May 5, 2009, Tuesday, Hour #3
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Meeting and surpassing all audience expectations every day.
Rush Limbaugh and the Excellence in Broadcasting Network.
A thrill and a delight to be with you.
Our telephone number, if you want to be on the program today, 800-282-2882.
The email address, lrushbo at eibnet.com.
It was breaking news on MSNBC earlier this afternoon.
They stopped in the middle of Henri Mitchell's show for this just in.
It strikes me that this is not the usual lunch joint for the president and the vice president of the United States.
No, apparently they think of it.
Yes, they didn't want the fancy China and the wonderful creations of the White House kitchen, which, as you know, are fantastic.
But this certainly gets him out into the neighborhood, and it's got that sort of real guy kind of quality.
Those two real guys, Barack Obama and Joe Biden, left behind the fancy food at the White House.
They went to a burger joint in Arlington, Virginia.
And what's your face?
Kelly O'Donnell just happened to be along for the ride to report on the real guys and how they're out there at the burger joint.
Did they use the public restroom, Kelly?
Can you tell us if they went in there and washed their hands or used the public restroom?
Imagine if they had done that.
Well, that would really be real guys.
Did they do that?
The drive-thru, did they actually walk in?
Did they sit down inside the burger joint?
Did they actually pay for it?
Or was it Compt, Kelly O'Donnell, who is at the burger joint, then added this in this breathless breaking news event?
One of the things that we have been talking about, of course, does deal with Ben Bernanke, who indicates that consumer spending is picking up a bit, and perhaps the president pulling out a few dollars of his own pocket is another indication of that.
Bernanke was telling members of Congress that the recession is likely to bottom out and then begin to end.
Did I just hear what I think I just heard?
Here, I have the transcript here.
Let me.
This is what Kelly O'Donnell said.
One of the things we've been talking about, of course, does deal with Ben Bernanke, who indicates consumer spending's picking up.
Perhaps the president pulling a few dollars out of his own pockets.
Another indication of that?
She did say that.
She said that?
The fact that Obama left behind a $75 to $100 lunch at the White House and went out and had an $8 burger is a sign that the economy's bottomed out?
She said that?
Play it again.
I know it's what the transcript says, but I can't believe that she actually said it.
One of the things that we have been talking about, of course, does deal with Ben Bernanke, who indicates that consumer spending is picking up a bit, and perhaps the president pulling out a few dollars of his own pocket is another indication of that.
Bernanke was telling members of Congress that the recession is likely to bottom out and then begin to end.
She did say that.
The president makes $400,000 a year, and according to Kelly O'Donnell, he's been hoarding his money.
But now he felt like maybe the economy was coming back enough that he could leave the White House and the $100 a pound Kobe beef and go out and get a burger with Plugs Biden.
At a burger joint?
And this is a sign the economy's coming back?
This makes me want to puke.
This makes me want to throw up.
You know, it makes me want to just say to hell with this, folks.
Play a tape.
I'm going home.
I got guests coming in tomorrow.
I've got 16 more guests coming in tomorrow.
I've got lots to do to hell with this for crying out loud.
Hey, Kelly, can I tell you how much money it costs me to fly to and from Washington tomorrow?
So maybe you could say, I'm a sign the economy's coming back.
Maybe, Kelly, you could say that I'm a sign the economy never went sour.
Obama leaves the White House, goes and gets a burger with Biden, and it's a sign the economy's coming back because Vernonke says so?
I know that Dow's down 37, but that's good.
We want Wall Street to get creamed.
Obama wants Wall Street to get creamed.
Obama wants Wall Street to get creamed.
He's in the process of creaming Wall Street.
But I'm sorry, folks.
I'm sitting here in stunned disbelief.
This is not even clever.
I mean, I understand what they're trying to do.
Obama shows the economy.
He's leading.
He's showing leadership.
It's okay now for you to go to a burger joint.
Because what?
Everybody's sitting at home eating because everybody can barely afford Campbell's cream of tomato soup?
But now that Obama went out with Biden to get a burger, we can all go out now to jacket a box or whatever?
Damn.
This is embarrassing.
All right, well, I got to go on to something else.
I want to go to Thomas Lauria, who is the lawyer for the hedge fund.
I think a metal block on the name of this group.
But this is the one Obama publicly crucified last Friday, Thursday, whenever it was, whenever he announced the Chrysler bailout.
And Thomas Lauria over the weekend said, actually last Friday afternoon said that he was told by the White House that if his client did not go along with the bailout, that the White House would sick the White House press corps on his client and destroy their reputation.
So Thomas Lauria, the Chrysler creditors lawyer, Thomas Laura, big Democrat contributor, big Democrat voter, appeared with Megan Kelly today on Fox News channel.
She said, let me cut to the chase here.
I know that the White House has denied it.
Do you stand by your initial statement the White House threatened your clients if they did not go along with the White House deal?
Were they pressured by the White House?
The pressure has been, I guess, indirect.
They all felt like they were kind of called out by President Obama when he made his announcement of the bankruptcy last Thursday, specifically referring to them as the speculators.
Megan Kelly said, you remember President Obama saying, I do not stand with them.
Were you warned this was going to happen unless you went along?
I'm totally surprised.
I mean, I've been, you know, in this practice area for almost 23 years.
And, you know, every time you think that you've seen everything, you see something new.
And I can tell you for sure that I have never been representing creditors or any stakeholder in a bankruptcy case or restructuring and been called out directly by the President of the United States.
Next question.
Are you worried about death threats?
By the way, this hedge fund, what are the name of the, yeah, Pirella-Weinberg Partners, they are getting death threats now.
Pirella-Weinberg-Tarton partners getting death threats.
Probably Acorn people just like harassing the AIG people.
I'm sure it's coordinated.
Obama has the network in place to do this.
And so Megan Kelly says, Now, you're worried about death threats.
Do you think that they have a handle here on the consequences of their remarks at the White House?
I hope they do.
You know, we've tried to communicate that.
We've told the bankruptcy court we're required under the bankruptcy law to make a disclosure of who our clients are.
And we're going to be asking that we be able to file that disclosure under seal, laying out the issues and threats that some of my clients have been confronted with.
Okay, let me ask you one because I know you're in a position where you don't want to contradict your client.
But I want to ask you this: the White House has now come out and essentially called you a liar because you earlier said that they made direct threats against one of your clients.
And they have said, and I quote, that that is completely untrue.
I really don't want to comment, but I'm sure that if people keep pressing, the truth is going to come out.
Now, that's how the interview started.
She asked him, Do you want to confirm this?
He said, I'm not commenting on it anymore.
I'm not commenting on it anymore.
I'm not commenting on it anymore.
One of two things happened.
Apparently, his firm, his law firm, told him to back off for supposed ethical reasons.
Others have said the clients have asked him to back off because they were getting death threats.
But there at the end of his statement, he says, I'll tell you: if people keep pressing, the truth will come out.
If you don't let this go, if you keep after me, I'm going to have no choice.
The truth will come out here.
So, what he's saying, you know, he's sending his own message saying, Don't mess with me.
I'll go back on the record again, no matter what the consequences.
I heard him say that the White House press reports were BS, that there were negotiations going into the middle of the night.
There weren't.
He was sitting by his phone after having made a commercially reasonable offer.
He got no phone call.
There weren't negotiations.
This was Obama pushing a button.
This was Obama forcing the deal on these people.
White House favored one group of pension fund holders, the unions, over another.
They demonized the creditor merely for making an offer.
That's when Obama stood up and said, These people wouldn't sacrifice.
They stood in the way.
They weren't sacrificing everybody else.
Well, the union was not sacrificing.
Union got 55% of the deal.
We're looking here at a thug occracy, is what we're looking at in the White House.
This is not the first, they came after me.
They've come other people by name.
They've gone after this lawyer now, Thomas Lauria.
They've gone after the AIG people, encouraged their minions to go protest at their homes.
We've got literally a thug occracy that is operating out of the White House.
I got to go.
Quick timeout.
We'll come back.
More of your phone calls, more audio soundbites well from the roster today after this.
Jay in Wilkesbury, Pennsylvania.
Hi, and welcome to the EIB Network.
Thank you, Mr. Limbaugh.
It's a pleasure to talk to you.
Thank you.
All right, I'd like to give a quick shout out to Nancy, Kevin, Sue, and Steve of the WILK Network, the Homer Rush Limbaugh and Luzern County.
My question for you, though, you mentioned trickle-down economics, and this is coming from a conservative who looks at you as somewhat moderate.
The trickle-down economics hasn't seemed to have been working the past few years.
The gap between the rich and the poor is getting bigger.
I'm not suggesting that we need to tax people, but I'm saying that the trickle-down theory doesn't seem to be working.
It's not true.
Forget the gap.
You are being misled by looking at the gap.
There's nothing you can do about the gap between anything unless you want to penalize the top.
What you have to look at is: are all income levels rising?
And they are.
Now, the Heritage Foundation puts the data out.
The Tax Foundation puts the data out, and they use what are called quintiles.
They divide income ranges into five different ranges.
And you can find during the 80s all the way through the 90s, you can find after the Bush tax cuts of this year, after Clinton raised them again, you'll find that after tax income went up for every quintile.
Well, maybe it didn't at the bottom.
I mean, that's always a crapshoot at the bottom.
But you get caught up looking at the gap.
That's a class envy game.
That's a typical liberal game.
Well, the gap between the rich and the poor is so, there's a simple reason for that.
When you have money, it's easier to make money.
When you invest a large sum, it's going to amount to much more than a small sum.
It's just mathematics.
It's not mean-spiritedness.
It's not unfairness.
There are all kinds of reasons why some people have more than others.
Some inherit it, like the Kennedy families.
Others bust their rear ends.
Others are tight wads and don't spend it.
Others are conspicuous consumers.
Others put what they earn at risk and lose it and go back and try to earn it again.
It's the ebb and flow of the free market.
You can't take a static snapshot of this economy, look at the gap between the rich and the poor.
That's a static snapshot, and somehow say that there's some unfairness going on.
The unfairness exists when the government gets in and starts trying to equalize or fix all this.
People move in and out of these quintiles, by the way, all the time.
You're born poor, you don't stay poor in America.
And if you're in the upper quintile, you're not always there.
People lose everything.
We never hear about the rich that lose it all, but they do.
You got some reckless people that throw it all away on a wild hair investment or what have you.
Or you've got some people with kids that just eat up everything they've got.
They spoil the kids' rot.
It's just that there's too many variables here to get caught up in this rich and poor.
The thing you have to understand is the gap between rich and poor.
What you have to understand is that tax cuts, the Reagan tax cuts, the Bush tax cuts were tax cuts for all Americans.
They were not just tax cuts for the rich.
They were tax cuts for all Americans.
The capital gains tax cut that Bush implemented caused untold, unpredicted amounts of revenue to roll in to Washington, D.C. At the same time, people were increasing their wealth.
With Obama's tax cuts, the government gets richer while people get poorer.
There's still going to be a gap between the rich and the poor.
What if Obama narrows it?
How's he going to do it?
He's not going to narrow the gap by elevating the people at the bottom.
He's going to take from the people at the top.
Everybody's going to get poorer under Obama.
This is as simple as two plus two equals four.
But if it hasn't been taught to you, two plus two equaling four is a mystery, too.
Knoxville, we just weren't.
Is this next RD in Knoxville?
R.D., nice to have you on the program, sir.
Welcome to the EI business.
Sir, I originally called with a question just about Jeb Bush, but I want to add Mike Huckabee to the question.
And my question is: Jeb Bush has a record as governor of Florida.
Mike Huckabee has a record as governor of Arkansas.
Are these gentlemen really conservatives or are they just talking the talk?
On balance, they are conservative.
Jeb, I think, is.
Huckabee, the only place I broke with Huckabee, well, not the only place, but the primary place I broke with Huckabee was on illegal immigration from the standpoint that they're all God's children.
And if they're here, we've got to be this and that and the other thing.
But that's fine.
We already do that.
But putting a stop to this is closing the borders and stopping this influx.
I mean, that combined with everything else that Obama's doing, and we're really going to put all kinds of pressure on creation of wealth in this country.
But, you know, whether Jeb or Huckabee, whether they're conservative or not, at this stage of the game, I'm looking for, not looking for ideological litmus tests.
I respond to things that are said and done on a daily basis.
And, you know, Jeb, I understand that, you know, I tried to give Jeb a pass yesterday, by the way, on the way he was reported as having said we need to leave Reagan behind.
I read what he said, and I don't think he said that, but the headline said that, so that's what people think.
I gave him the benefit of the doubt on that.
But my problem is the listening tour.
And I just, since I don't pander, I don't put on shows in this regard.
I don't have a public relations agency, and I don't have image consultants because I don't want to have to live a phony life.
I don't want, you know, Hillary, Hillary had a listening tool with the people of New York.
She had a conversation with people in New York.
She had a listening tour.
I just, I don't think that's what we need right now.
The Republican Party needs to stop acting defensive.
They need to stop acting as though they've been profoundly rejected and understand why people who are Republican are not voting for them and what needs to happen to change that.
And if anybody needs to listen right now, it is moderates and the elders, the liberal country clubbers in the Republican Party.
They need to listen to the people who've been donating to that party all these years because the voters get it.
It's the top of the party that seems out of whack as to how to win elections.
I got to take a brief time out here, folks.
We'll be back.
Don't vanish.
By the way, Joe Biden went out to a burger joint in Arlington with President Obama today, showing firsthand the economy recession's over, according to MSNBC.
Economy has rebound.
My question is for Kelly O'Donnell at MSNBC: was Vice President Biden wearing his swine flu mask.
He said last week he would not get on a train without a mask.
He wouldn't let his family get on there or what have you.
So I'm just wondering if he was indeed wearing his swine flu mask.
Here is Russ, Lancaster, California.
Great to have you with us, Russ.
Hello.
Good morning, Rush.
Thank you for taking my call.
Yes, sir.
I was calling because I was kind of wanting to get your input.
You have the Democrats who are always espousing education as everything we need, and yet when you talk about education, they try and slam you on it.
You talk about your teaching tour.
Right.
That's because they're afraid of it.
That's exactly because they are afraid of it.
I mean, the fact that say that again, I'm sorry.
I'm sorry.
Why aren't the Republicans taking the task on there?
Why aren't the Republicans taking them to task on it?
And taking the Democratic media to task on that.
Because I don't.
The media is not criticizing the Republicans.
The media is criticizing me.
The Republicans are saying they're going on a listening tour.
That's fine with the media.
The media is fine.
We're going, go listen all you want.
What they don't want is for Republicans to start teaching conservatism.
I'm the one advocating that.
That's why they're coming after me.
Look, I can't answer the question.
I've been asked for 20 years in one form or another, why don't the Republicans defend?
Why didn't Bush defend?
Why don't they attack?
Why don't they refute?
I don't know.
I've speculated on every possible answer.
And I failed to come up with one.
I've probably answered it in trying to cover them all, but I can't tell you for certain.
When I've asked them, they say, well, if we try, we won't get media coverage.
The media will simply not cover us responding.
That's what they say.
Here's Jack, South Bend, South Borough.
I'm sorry, Massachusetts.
Hello.
Yes, Rush.
First of all, calling you as part of my apology tour, and I am apologizing for my fellow Americans who voted for Obama.
And I wanted to also mention that we are now May 5th, and I would have expected some progress in the unemployment numbers at this point.
Obama was elected in November.
He has a full Democrat Congress to pass whatever he wanted.
And these unemployment numbers should have started taking a little bit of a turn to the positive.
Yet it seems they are continuing to be in the negative and getting worse.
Did you vote for Obama?
Certainly not.
But I still expected him as a Democrat, supposedly helping working people to try to make the working environment more prosperous.
People could go to work.
If you didn't vote for Obama, how can you apologize to people that did?
Well, you know, we're apologizing to the United States, which freed people in Europe.
Well, that's true.
That's all.
People all over the world.
When I was traveling in Zambia, my tour guide said to me, if it wasn't for food from the United States, he'd be dead today.
That's what he told me.
All right, so if he's apologizing, I have to apologize for my fellow Americans who voted for this administration.
Well, okay, I understand it now.
But look at he passed the stimulus bill.
That was supposed to be shovel-ready jobs.
Remember the stimulus bill?
That was going to cause Caterpillar to start hiring people back.
They continue to lay people off.
This is my point.
This is my point.
Obama is not fixing anything he's put his hands on.
Whatever Obama is trying to fix is getting worse, folks.
But everybody still loves him.
It's just been 100 or so days.
So it's going to take some time.
And I know a lot of people are impatient, but it's unrealistic to think that any new administration is going to bomb out in three months.
That just doesn't happen.
I don't care which one it is.
Even Richard Nixon, as despised as he was, did not bomb out in the first hundred days.
They tried to make it happen, but they weren't able to pull it off.
I told you last week I had a meeting with David Friend, who is the founder-CEO of Carbonite.
And he told me that the computer backup people, the online off-site, backup your computer, both Mac and PC.
And he told me that their business in the first quarter was up 136%.
I said, are you embarrassed to tell me that in this economic climate?
Do you want to hide the fact that you...
No, no, no.
He was very proud his business was up because he thinks it's a reflection of people who already have a computer understanding and need to back it up.
I said, what is the biggest challenge you face when you talk to people about your product?
He said, still, it's the fact that so many people don't understand that they have to back it up.
I said, well, you know, we can tell them all day long they have to back it up, David, but until it happens and that they lose something, that's when they really learn it.
He said, yeah, but we want to prevent that from happening, and they do.
I'm backing up two of my Macs right now.
Started last Thursday.
They're in the process of backing up.
Initial backup takes some time, depending on how long, because it's upload speeds.
Totally secure.
Nobody can get into your data.
And if you bet, it happens when you don't even know it's happening.
Carbonite backs up in the background anytime you're connected to the internet.
And one thing I can assure you of, at some point you're going to suffer some damage or the total destruction of the main hard drive on your computer, and you're not going to be able to recover everything on it.
And as you become more familiar with the computer, the more important, relevant, crucial things, documents, pictures, so forth, you put on it.
Trust me, you're going to lose your data sometime, but if you're backed up, you won't.
And this is the simplest, easiest way because you never have to think about it.
It just happens.
Carbonite will give you a 15-day free trial without taking your credit card.
There's no trick here.
You don't have to give them the first year that they will then refund if you don't like it.
First 15 days, you try it.
Don't even give them a credit card.
It costs less than $54 a year anyway.
So just Carbonite.com.
Go there, offer code Rush, and your worries about losing important data will forever be over.
By the way, I keep phone calls from some of you and the emails.
Rush, Obama, why have they created jobs?
What's Obama?
The car companies, Obama, you have to understand he doesn't want to fix anything.
He's trying to remake everything.
Just listen to what he says.
He wants to remake everything, and he wants to make as much of the private sector as he can become part of government.
He wants the government involved officially, equity, whatever, asset-wise, in as much of the private sector as he can.
I'll give you an example.
And I fully expect many of you will not want to believe this and may in fact start shouting at your radios when I tell you this.
We've all heard that Thomas Lauria, the lawyer for the hedge fund, that held out for a better deal.
It didn't even actually hold out.
They just offered a price, a negotiation, to go along with the Chrysler situation, Perella-Weinberg partners, that they were getting two things.
They were getting death threats and that the White House, according to Lauria, had threatened his clients to sick the White House press corps on them and ruin their reputations.
Now, the White House came out quickly and denied this.
Lauria, in his refusal to comment, sort of gives the impression that, hey, it did happen.
I'm just not going to say anymore.
My law firms asked me to back off of this.
But if you keep digging, the truth's going to come out.
He's warning everybody, if you don't want to know the truth, let it go.
But the truth is, Obama loves the fact that two things are happening.
He loves the fact that they're getting death threats.
And he loves the fact that people think that he might have been willing to sick the press corps on a private sector firm to ruin their reputation.
Don't forget, it was Barack Obama when he called the bank CEOs up to the White House to tell them what for and how come and why, who said to them, I'm the only one standing between you and the pitchforks.
Barack Obama said to the CEOs of these banks that took TARP money, I'm the only one standing between you and the pitchforks, meaning the angry mob.
The implication is, if you don't have me on your side, the angry mob's coming for you.
I'm the only one that can stop the angry mob.
See, when you have Chicago thug politics, the threat of intimidation, which creates a fear that causes people to shut up and not oppose you, is exactly what you want.
That's the outcome.
So he's not interested in fixing anything.
He's interested in taking over as much of it as he can.
And in order for that to happen, it has to not get fixed.
He gets as long as his popularity numbers remain high, personal approval numbers, then he'll have the freedom to tell the American people, well, I'm going to fix this.
I'm doing it for you.
We're going to remake America.
We're going to make sure this never happens again.
While not solving this at all, you're supposed to take it on faith that however bad this is, it's going to get fixed.
It ain't going to happen again, but it's not going to get fixed.
Not anytime soon.
So secretly, Rahm Emmanuel and the boys, James Carville, George Stephanopoulos, these guys on the early morning phone call, they love it when news gets out that they were going to sick the White House press corps.
They'll act offended.
They'll act like they didn't do it.
But they know that it's true and they know that every other business is going to see this.
They've already scared CEOs into parking their jets.
The private jet industry is in trouble.
They've already scared people into not going to Las Vegas.
Obama said the days of corporate execs getting on their planes and flying to Vegas are over.
Steve Wynn, Wynn Resorts, reported a first quarter loss.
Occupancy rates, money in the casino all throughout Vegas are down.
The hospitality business is in the tank.
One word from Obama could fix this.
I think we need to revive the hospitality business.
If you have a jet, if you want to go to Las Vegas, think you should go.
Nope.
The last word in Obama was, days of people who have money flying to Vegas for a good time are over.
So trust me, the fact that this bunch Perella Weinberg partners getting death threats, my God, so did the AIG people.
They didn't stop, didn't stop it.
And guess who's waiting on the Undeck Circle for their deal, the GM bondholders?
Do you think after all this the GM bondholders are going to do anything other than roll over and let Obama have it the way he wants it?
Got to understand what this is about.
You've got to understand how thugs work.
Just listen to what he says.
If I could push a button, fix that.
Well, he's trying to give himself the button, and he's pushing it.
So if, you know, some inconsequential rich guys at Perella Weinberg partners get a death threat, good.
Let them find out what it's like to live in the inner city.
Let them find out what it's like to live with a threat of crime every day like most Americans have.
This is about getting even with people, folks.
And I guarantee you, they go up to the residence at night or wherever they have their meetings.
They're scared to death of us.
They smile.
Because I guarantee you, look at, I know human nature and I know how immersed in this god-awful concept of PR and imaging American businesses are.
And if an American business or industry believes that its only way of staying afloat is a marketing and imaging campaign, and if they then believe the White House can come along and destroy it, they'll shut up.
They'll be compliant and they'll go along.
So the White House is not embarrassed over any of this.
They'll deny it publicly.
And they'll say this never happened.
And they'll put the clamps on Lauria so he doesn't repeat it.
But even that is a show of the thug power that they've got and that they're willing to use.
And at any time, this power, when Obama figures he's cut the private sector down to size, when he figures he's cut Wall Street or whoever he thinks the villains in the United States of America are, when he's cut them down to size, he's going to aim for others.
You could be next or your industry or your company or your business could be next.
And all of it will be done for the little guy because there are far more little guys than there are big guys.
And an army of little guys who want to get even and who love the fact that Obama's their champion is enough to make the big guys cower in fear.
Particularly if they're all dependent on marketing and imaging and PR.
And they know that can be destroyed with one order from Obama or that idiot Robert Gibbs or whoever in the White House to just two or three members of the Press Corps.
I mean, for crying out loud, if they can get a story, breaking news, MSNBC, that Obama and Biden having a burger in Arlington is bringing the economy back.
Think how easy it would be to get a story that your industry is destroying America and has to be wiped out.
Ladies and gentlemen, General Motors is still selling cars.
They are still selling good cars with full warranties.
In fact, they're not only selling cars, they got a new deal happen.
They've actually extended this deal through June the 1st.
And that is, if you lose your job after you buy a new Chevrolet, they'll make your payments up to $500 a month for nine months.
The warranty will be honored.
Great General Motors craftsmanship here.
It's a shame to see what's happened to these auto companies.
And I'm telling you, the entire blame is not theirs.
But hell, the economy's coming back.
Obama and Biden went out and got a burger in Arlington.
That means you can buy a car.
And even if you get canned, GM will pay your payment, $500 a month for nine months, plus all the other goodies that come along.
Go to ChevyConfidence.com for all details and limitations.
Elizabeth in Long Island.
I got 30 seconds, but I wanted to get you on.
Can you do it?
Sure.
Go for it.
Hey, Rush.
I'm going to get right to it.
In 2006, when the unemployment rate was 4.6%, the reporters were, oh, yeah, unemployment's 4.6%, but there could be a recession at any moment.
Right, I know what you're going to say.
Now that we're in the pits, Obama goes out and has a burger, and the news is the economy's coming back.
I predicted that to you.
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