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Sept. 7, 2009 - Rush Limbaugh Program
36:21
September 7, 2009, Monday, Hour #3
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Time Text
Okay, Ed, soundbites seven and eight.
Seven, eight, and nine.
Seven, eight, nine.
Yeah.
Greetings, my friends, and welcome back.
Great to have you here.
Rush Limbaugh and the EIB Network meeting and surpassing all audience expectations each and every day.
Great to have you here, 800-282-2882.
If you want to be on the program, and I do read email, it is lrushbow at eibnet.com.
Yeah, I'm looking for something here.
No, I did lose six pounds this week.
I cannot explain it.
I got up, let's see, what was it?
Saturday morning, and I weighed three pounds less than when I went to bed.
Well, I played golf Saturday morning, but I got up, but that was before I lost three pounds before I actually, don't get sidetracked on exercise.
You know how I feel about that.
And I said that scale can't be right.
I mean, I've been on this diet since March 9th, three pounds, usually in a week.
And I got up Sunday morning, and three more would come off.
The scale has got to be wrong.
So I got up today, and sure enough, six pounds came off in two days over the weekend.
Now, I didn't eat much because I wasn't hungry.
But my brother just like, he can't, I can't believe six pounds.
That's unbelievable.
Pretty amazing.
I know it is.
I'll take it, by the way.
I'll take it.
Remember, when was it?
Back in July 1st, 1st of the month.
CNN did a report on the economy, and I sort of had a little fun with it.
And they, in fact, as I look at this, let's play number eight first, Ed, and then we'll do seven, eight, and nine.
You got to hear this.
This is, this is, wait a minute.
Wait a minute.
Let's take this just to keep an order here.
Let's start with number seven.
Christine Romans on CNN Your Money on Saturday afternoon spoke with black enterprise editor Alfred Edmund and radio host Roland Martin about the stock market and the economy.
And Edmund says, how much worse could it get when you got down to 6,500?
I think it's encouraging.
It's somewhat sustained performance with the stock market.
I think you saw the news on housing starts.
That's encouraging.
I think we can take a breath, but not relax yet.
Are we getting better?
Yeah, were you at 6,500 and you're now at 9,000?
That's better.
Rush Limbaugh.
It's better.
Whether you like it or not.
So, you know, it amazes me when people act as if you cannot acknowledge the number is better.
Rush took a little piece out of me and mentioned this program.
Also, my friend Susan Lasovich saying that by talking about the stock market rally, we were somehow missing all of the terrible things that have happened.
But look, you can at least open up your 401k statement and see that you're getting a little bit of it back.
Rush, you can't argue with those facts.
And so you always want to see positive growth.
You always want to see that if things are getting slightly better, it's a lot, that's much better than it's getting worse.
I mean, literally, it was every day.
People going, oh my God, not another report of how bad it is.
Well, don't quite know what to say here.
It sounds like both news networks, we'll exclude Fox, were actually programming to me over the weekend.
Notice the point here, notice that the stock market Is ticking up, and so that's their loan.
Now, they talk about housing starts, but they don't care.
But my point is, when the stock, they're looking for any bit of evidence that what Obama's doing is working, and what's happening is that the industriousness of the American people is dealing with the damage that Obama has wrought.
The stock market is still down, gang.
It peaked up at over 14,000.
It may be at nine, it's down 16 points today.
Look up, there aren't any new jobs being created.
We're still losing jobs, and the forecast for that is to continue.
That's so that's okay.
These guys are just doing everything.
Here's the original report that CNN aired back on July 1st.
The silver lining, if you will, is that May was revised, the previous month, I should say, was revised lower, and that was May.
Also, we have a separate report from Challenger Gray and Christmas, which shows the planned job cuts, the announcements slowed.
And that is the fifth straight month.
So, that is encouraging.
What is also high, and this is also silver lining, is the first day of July starting off on a positive note.
The Dow is up 128 points, the NASDAQ is up 25.
Good start.
Tough act to follow, though, the second quarter rally that we saw.
Now, there's the same bunch of people here that tried to tell us we were in a recession during a boom.
They doing everything they could to make everybody think that economic times were disastrous during the Bush years.
Now, that was one report that we had a little fun with.
That's why they're referencing it.
And here's on June 30th, the day before, on CNN's newsroom, the anchor Betty Wynn spoke with Christine Romans about the economy.
Betty Wynn says, Christine Romans here to explain how did we do in the first half of the year.
We've seen a spring stock market rally that has been quite incredible.
Job losses are slowing, consumer confidence is improving, people are feeling a little better.
They're feeling better because they're spending less, they're saving more money, they're getting back to basics.
There's a new frugality, it's making them feel better.
There was a huge rally in the stock market in the second quarter.
The stock market telling us that it thinks things are going to get better eventually.
And you're going to see that rally if you are still invested in stocks.
If you had faith and you were buying stocks along the way this spring, you were buying them at cheap prices.
You're going to see that rally when you open up your 401k statement.
People are still scared to death to look at their 401k statements, folks.
I just think it's humorous that these people will do anything.
State-run media will do anything to try to tell people that what they're seeing and feeling isn't true.
By the way, I just found this news story.
Phone company of Verizon says it's going to cut 8,000 jobs from among employees and contractors before the end of the year to keep costs in line as the recession saps demand from businesses for telecommunication services.
But boy, that stock market's going up at 401k.
When you open it up, it's ticking up.
It's looking a little better.
And housing starts are up.
And 8,000 jobs gone at Verizon by the end of the year.
Taxes are going up.
Regulations are going up.
Okay, there you have it.
Now, let's move forward.
Stay with CNN.
Sound by number 10, Susan Lasovich today talking with the anchorette, Heidi Collins, about the market and the economy.
And Heidi Collins says, joining us now, Susan Lesovich from the New York Stock Exchange.
Hi, Susan.
We've seen the market turn around.
Why is that?
Well, you just mentioned new home sales.
The expectation was that new home sales rose 2.3% last month.
Guess what?
It jumped 11%.
That is the number we are seeing.
What?
Yes.
Yes.
We saw the third straight monthly increase, Heidi.
A remarkable summer scorcher.
The sense that corporate America is telling us things may be bottoming out or in some cases improving just a little bit.
And so the market has taken off on that.
The Dow's best two-week run since the beginning of the decade, the NASDAQ rallied 12 consecutive sessions.
We hadn't seen that since before the dot-com bubble, way back when in 1992.
And now we're getting this information that the housing market, which I think many would argue, which is where this crisis all began, is showing signs of life.
Now, Heidi Collins, the info babe here, so ecstatic that she asks for a clarification.
I'm sorry, I'm a little slow.
I just want to make sure I have this right.
We thought it was only going to go up by about 2% to 3%, but it actually went up 11%.
That's right.
These are estimates.
And as you know, sometimes they're way off.
This would be an example.
And a lot of times we see revisions.
And we saw a revision as well.
The revision was higher.
But the fact is, there's activity.
They're just as excited as they can be over at CNN, the stock market going up.
Now, remember when the stock market was doing great, guns, it wasn't.
That's not good during the Bush administration.
That just meant Wall Street was getting rich, but Main Street wasn't.
Remember, that may be good for Wall Street, but it's lousy for Main Street.
Well, now that it's getting better for Wall Street, all of a sudden the state-run media is all excited.
Main Street still in heaped big doo-doo.
8,000 jobs at Verizon gone to the end of the year, but at least they're 401ks.
They're going to look a little better when they open them up after they get their pink slit.
Hi, how are you?
Welcome back.
Great to have you here.
As always, Rush Limbaugh, half my brain tied behind my back, just to make it fair on this housing start business.
I need some clarification.
I don't have the story right in front of me.
This housing is that new homes?
That's new construction.
That's not sales of existing homes.
New construction.
Right.
So it's up 11%, but it's down 28% from this time last.
But it's going, oh, yo, it's a ticket up.
It's tick.
Right.
Now, can I ask you what might be an explanation for new home starts, sales, home, how housing starts going up?
what do you think there there is a plan out there folks I don't know if you know about it.
First-time homebuyers are being subsidized to the tune of eight grand if they buy a new house.
It's ending soon.
That plan is going to be ending very soon.
And that's one of the reasons what people are out there buying houses.
Another reason, too.
The whole housing market, everybody who owns a home knows how much value you have lost in it.
A lot of people underwater.
Well, if the housing market as a whole is down, and you can get a foreclosed house today on the cheap, you can get a foreclosed anything.
You can go out and buy a $4 million yacht for $2 million day.
I saw it and used jets.
I saw it for a Gulfstream 3, a G3 price.
We have to sell 10 million bucks.
No, I'm not going to buy as a second jet.
I thought about getting, keeping the G5 for the long hauls and getting a G4 again for the short trips.
But I thought, no, not to take the jet to public stall, but I was thinking about doing that just to prop up the business since Obama's trashed that business too.
But my point here is that prices are down overall in the housing market.
It's a smart time to buy if you have the wherewithal.
So, you know, the markets work.
The market is responding to the destruction of the subprime mortgage crisis.
Well, the sellers of new homes may not be getting as crushed as the sellers of existing homes.
The sellers of existing homes are certainly getting crushed.
Either that or they're getting foreclosed on, despite Obama's foreclosure plan that didn't really work.
Thank goodness.
And so, but the prices are down anyway because of the depressed nature of the market.
So it's a smart time to buy if you have the money and if you want a home.
It's a smart time to buy.
But let me, I don't want to make you guys mad in there, but property taxes, where we live here in Palm Beach County, they just voted last week, 15% increase, despite the plummeting values of people's houses.
So it's no different.
They tell you, go out and buy a car to get 60 miles to the gallon.
You go do it.
And then all of a sudden they realize their gasoline tax revenue is coming up short.
So then they raise that tax.
It's what's happening here with property taxes.
I don't care if it's a local government, a national government, a federal government.
They will never do with less, folks.
They'll never do with less.
And they will cry and whine and moan at the very thought of having to do with less.
You cry and moan when they raise your taxes.
What do you can do about it?
Okay, 3,000 low temperature records were set this July.
This is from AccuWeather.
And it's not just the surface land temperatures.
Some blog reader points out that water temperatures at frying pan shoals off Cape Fear fell to 78 degrees a few days ago.
You can't even get a decent hurricane out of 78 degree water.
3,000 record low temperatures set in July.
And the month is not over.
The Guardian, the UK Guardian, has a story today that the Bush administration secretly hid global warming evidence.
Now, I was sent this news by our official climatologist here, Dr. Royce Spencer at University of Alabama at Huntsville.
He said, Rush, this is hilarious.
There has never been any secret evidence of global warming that anyone ever tried to hide.
The military has classified a bunch of high-resolution images in recent years that might help with a few of the details of our understanding of the climate system.
But we've had civilian satellites covering the whole earth every day for 30 years now, even instruments that look through clouds.
There's no way to hide climate news.
How do you hide it?
You know, when you look at it, do you realize, folks, so many teachable moments here.
The only depressing thing about this is that we never learn from them.
We always have to reteach them.
But look at every argument the left is advancing is being demonstrated to be intellectually baseless and wrong.
Obama's method of creating jobs, Obama's method of doing healthcare, the whole global warming hoax is now starting to be seen as such by more and more people.
Everything these people, this ought to be a giant national teaching moment.
These people ought to never ever be entrusted with power again.
And more and more people are going to realize that as they do more and more damage.
And the more Barney Frank goes out there and tells businesses it's not our job here in Congress to help you make money.
That's not our problem.
That's not our job.
Your job.
Remember what he said.
Here, grab the soundbite in.
It's number 26.
Barney Frank, in a speech today at the National Press Club.
I have had people come to us and complain.
Well, if you do that, I can't make any money.
The answer is, that's not our job.
We're not here to help you make money.
We are here to help have a system in which you will make money as an incident of providing funds to those who will use it productively.
So the more they keep talking like this, the more they keep doing Obama-type policies, the more people are going to wake up and realize there is no hope and the change is not what they thought it was going to be.
But all of these hoaxes, everything, every one of these, like global warming, a classic example, it's just the diving board.
It's just the springboard for them to advance another part of their leftist big government socialist agenda.
And that's what economic plans.
What the healthcare plan is all about.
It is what cap and tax is all about.
And by the way, the CHICOMs and the nation of India are telling us to go to hell, especially India.
Chikoms, whatever they want us to do, we'll do because they own us.
But India said, what the Chinese and the Indians are both saying this, look, we are not going to do this stupid carbon emission tax trick you want to put on us.
You didn't have any of your restraints on your economy when it was growing.
Well, our economies are just now starting to grow and we don't want to restrain the growth.
If you want to kill your own economy, you go ahead, but you're not going to kill ours.
That's what the nation of India and the CHICOMs are saying to Obama.
Meanwhile, George Bush is hiding evidence of global warming.
Now, China and India happen to be, if you believe this nonsense, two of the biggest contributors to climate change.
I frankly think it's all hooey, and more and more people do.
But if you're going to have an effort to save the planet and you're going to exempt two of the three largest polluters, then what's the point?
China, number one.
If you are going to exempt them, then what doesn't the whole intellectually and honestly, doesn't the whole reasoning break down?
Well, it's not about saving the planet if, because we're not, if the number one polluter gets to still pollute, and if the third world does not get to advance, they got to still live in malaria-infested swamps because they're not allowed to advance and grow.
And yet these are the people, the left, the liberals who tell us that they have all the compassion and they want people freed from whatever bondage they're in.
And yet when you listen to people like Barney Frank or Barack Obama, you understand that they got a different idea of bondage.
And that's us in it.
Honestly, you know, I had a dream.
I had a dream that I was a slave building a sphinx in a desert that looked like Obama.
I woke up 4 o'clock in the morning.
All right, I have this new home sales story here, and there's a larger point that needs to be, and by the way, by the way, ABC Radio News said at the top of the hour, I'm told, that some economists are declaring the recession over today.
ABC Radio News, some economists say that the recession is over today.
Okay, so new home sales are up and the recession's over.
So can we slash the stimulus money that's not been spent yet?
Can we just cancel the stimulus?
If the recession's over, and if home sales are up, can we cancel the rest of the stimulus?
Can we stop this spent?
The fact these people cannot get their rhetoric straight.
And look, I don't want to be a black helicopter guy here, but we know something.
We know that Obama brought the CBO guy in for a kneecapping.
When the CBO guy, and this is a violation of ethics, that's an independent agency of Congress.
And Obama calls the director of the CBO up to the White House after they issued a report saying Obama's health care plan will bloat the deficit by another $250 billion.
That's, frankly, very low.
So I now, since Obama brought the CBO guy up to kneecap him, you know, I'll believe these numbers when I see the revision in two weeks.
It'll be real interesting to see if these numbers are revised down a couple weeks from now.
And I honestly want to say I don't much trust the numbers that come out of this administration.
Anyway, here's the thing on the home sales.
New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates, and a federal tax credit for first-time homebuyers.
That's the eight grand.
Federal tax credit covers 10% of the home price or up to $8,000 for first-time buyers.
Home sales need to be completed by the end of November for buyers to take advantage.
Well, now, what's the teachable moment here?
What is incentivizing home sales?
A tax cut or a tax credit.
Now, if a tax cut or credit, however you want to look at it, can stimulate the housing market this way, we'll stipulate to these numbers for the moment, then is there not a teachable moment here where maybe the same kind of activity over the economy at large would do the same thing for the economy at large?
It's amazing what these libs will do here and there to get good news.
They know what to do.
It's just getting them to do it is another matter.
All right, what is this?
Calleon, Ohio?
Susan, welcome to the EIB Network.
Great to have you here.
Yes.
Hi, Susan.
Are you there?
Yes, I am.
Hi.
Hi.
Yes, I was wondering.
I'm self-employed and I do not have health insurance.
Now, that's at my own choosing.
Now, when I want to get health insurance, or even if I don't want it, how can Obama make me get it?
Pass a law that says you have to have it or you get fined by the IRS.
Okay, but say, fine, I don't do it.
Well, say a whole bunch of us decide we're not going to do it.
They're going to put us all in jail or what?
No, they'll fine you.
They're going to get your money one way or the other.
And they might put you in jail.
Who knows with this bunch?
Yeah, that's what I'm at.
Who could tell with them?
I totally agree.
And they're going to guilt you into it.
They're going to come to you and they're going to say, you are the reason you're not buying insurance.
You're the reason costs are so high.
You're going to get health coverage.
You're going to get health treatment, medical treatment, but you're not paying for any insurance.
So you're putting the burden on a whole lot of more people otherwise would not have that burden.
This question was asked of Maryland Senator Ben Cardin.
The guy said, look, I just dropped my health insurance.
I frankly like having that money to spend on other things.
Is it true you are going to find me in Cardinal?
Yeah, well, didn't deny that, but he started berating the guy for being a burden on the system, which is no different than telling somebody who does not own a car and therefore does not have auto insurance that they're being a burden to everybody else who does have automobile insurance.
These are the kind of things, if people started to ask themselves these questions, the words getting out about this, and the polls indicated is, Ed Camarillo, California.
Hi, great to have you on the EIB network.
Yeah, Rush.
Yeah.
Hey, such a pleasure.
I'm getting a shiver running up my leg.
Well, that's fun to envision.
Yeah.
Basically, I was thinking about health care and cap and trade, and one of the people I feel like has always been there just pecking away at this stuff is Henry Waxman from California.
I don't think enough people give him enough credit for what he's doing with all of this.
He's probably had portions of this health care bill in his desk for years and just blew a little dust off it to put it out there.
He's just been there pecking away.
You know, you have a little bit of a point here.
Waxman does operate for being as powerful and prominent as he is.
He does operate under the radar.
He's not put in the mix here as one of the people with destructive designs on the U.S. economy.
That's a good point.
I'm glad you called and made it.
Who's next?
Where are we going next, El Sturdbo?
There is, oh, Joni, somewhere in North Carolina.
Hi, nice to have you on the program.
Hello, Mr. Limbaugh.
It's a pleasure to talk to you.
Thank you very much.
I was on a Drudge Report today, and I was reading some stuff about the, oh, gosh, what is it?
Mr. Gates.
Oh, yeah, Skip.
And I was so upset, and I just lost the thing.
But he talks about Whitey.
Yes.
Have you read about that?
Yes, yes, yes, of course.
I'm the host.
And he said, yes, that it was when he was getting into Yale.
He said, here he is.
He had to sit and be judged by Whitey.
Yeah.
I think that's so offensive because I was speaking to the gentleman that screened my call, and I just think that it sounds like they were both sitting.
Obama and Gates were sitting side by side in front of Reverend Wright.
I think this is inappropriate.
I think it's demeaning to the office of the presidency.
I'm just, I'm just, I'm breathless.
I mean, I can't even talk about it.
It's so upsetting to me because I think it's wrong.
And he should apologize because he's offended so many people.
Well, but he didn't say it recently.
That was back.
Oh, I'm talking about Obama.
Obama should apologize for taking this man's side when he didn't know all of the facts.
And knowing, because aren't they good friends?
He should know.
No, no, no.
Gods don't apologize.
That's right, I forgot.
Yes.
The Messiah.
Got your mind right.
Oh, well, I just think that it's going to be a long three and a half years.
Well, that's why I'm here.
And we thank you so much.
I will tell you when it's hopeless.
Oh.
And it isn't.
Well, we do look to you.
Thank you very much.
We do.
And thank you so much for everything that you did for us.
Well, Joni, my thanks to you.
Seriously.
I got to take a quick time out here, folks.
We'll do that.
We'll be back with more broadcast excellence right after this.
Well, this is a commercial break that came about fanning the flames for advertising, quote unquote, Robert Gibbs, White House press secretary.
That's what he says I do.
So go ahead and.
You remember back just before the All-Star baseball game in St. Louis, a bunch of wacko health freaks, health Nazis, put up a billboard warning people that hot dogs cause cancer.
And I said to you on that moment, you doubted me when I told you they were going to come after your SUV.
And now you see they have come after your SUV.
They're coming after hot dogs.
They went after MSG, coconut oil.
This group is back.
It's called the Cancer Project.
I have the story right here.
It's from the St. Louis Post to scratch.
If you relish hot dogs, beware.
The Cancer Project so firmly believes that you should fear Frankfurters that last week it sued meat makers to force them to label wieners with cancer warnings.
The move comes just a few weeks after the same bunch caused a stir in St. Louis when they targeted baseball fans headed to the All-Star game with an anti-hot dog billboard.
The billboard located off I-70 features an image of hot dogs jammed into a cigarette pack labeled unlucky strikes.
The Cancer Project's lawsuit was filed in a New Jersey state court against top hot dog companies, ConAgra, which owns Hebrew National, Kraft Foods, and its Oscar Meyer division, Sarah Lee, and Nathan's famous hot dogs in an effort to make them include the notices on packages sold in New Jersey.
The suit was filed on behalf of three state residents who said they had purchased hot dogs made by the companies without having been aware of the alleged scientific correlation between eating processed meats and colorectal cancer.
This is absurd and it's hilarious, but it's real.
Sued by three residents who said they had been misled when they bought hot dogs, that they didn't know that they might cause cancer.
The suit cites a report from the American Institute for Cancer Research and the World Cancer Research Fund.
Anytime you see world in front of any group, it's a bunch of leftists at the U.N. Scientists say there's no safe amount, no safe amount of processed meat that can be eaten.
No safe amount.
And that just one 50 gram serving of bacon, sausage, deli meats, or other processed meats every day increases a person's chance of getting colorectal cancer by 21%.
Well, that's my point.
Sternly, just say, why are they just picking on the hot dogs?
That's the starting point.
After that, they'll go to bacon.
And after that, they'll go to baloney and whatever process meets.
After they'll try to put Boar's head out of business.
And after that, they're going to come for potato chips.
And after that, they're going to go after wine.
And after that, they're going to go after Oreos.
Might have to put that off until Obama's out of office, but they'll eventually go after Oreos.
I hope you people like granola, and I hope you like seaweed kelp, and I hope you enjoy eating raw soybeans, because that's where the children of Obama are going to take us if they're allowed to.
Do you, I saw this story in the New York Post today, and it's just well, listen to it.
The feds are spending tens of millions of stimulus dollars to repair and build toilets across the nation in an outflow of taxpayer funds that critics have branded potty pork.
From humble sylvan outhouses to historic restrooms, cash from the nearly $1 trillion stimulus is going to spruce up or completely replace aging toilets.
This from a government release.
In New Mexico alone, the feds are spending $2.8 million for toilets in national forests.
How's that hope and change working for you?
I guess somebody's got a toilet job.
The bathroom bonanza runs across myriad federal agencies from the Department of Housing and Urban Development to the Veterans Affairs Administration, even the Army.
We're refurbishing toilets with stimulus money.
Who's next?
Ernie in mid-Michigan.
Hi, Ernie.
Welcome to the EIB Network.
Great to have you here, sir.
Yes.
Yeah.
Yeah, last week I noticed at the news conference that he had, he drug it out at the very beginning of it.
He said, of all the countries, he named off several countries that have health-sponsored government-sponsored insurance.
And he said, they're all better than the United States.
They're all better than ours.
It's a blatant lie.
All the reporters stood there with their mouths glued shut.
Nobody challenged him.
I cannot understand why he doesn't get a challenge when he lies.
Another quick thing is that he's so elegant.
He's not elegant.
He's not as smart.
I have a high school education and nothing more.
I can tell when he's lying.
You can tell when he's lying.
People have got to wake up.
Why don't they challenge him when he lies about our health insurance, we all know is the best in the world?
Everybody comes here for the services that we can provide.
Yes, and nobody leaves this country for health care.
Why does he say that and get away with it?
Well, that's why I say he doesn't like this country.
Look at the way that this man is selling things is to try to convince everybody that he can that this country's not all it's cracked up to be.
It's all rotten.
It's bad.
It's got to be changed.
And the reason the press doesn't challenge him, you know, I asked the same question.
I mean, that press conference was just a joke.
That's why I say they've met their waterloo.
They have checked their integrity at the door.
They have given up on professionalism.
They just said they're hell with it.
They've become propagandists.
That's why the White House Press Corps, especially, these press conferences, that's why they're not challenging him.
They're there to promote him.
They're there to help him get this done.
They all want the tingle up the leg that Chris Matthews gets every night.
They all want to feel that.
And they all want to be approved.
And they all want to be liked.
And they all want to be on the inside with this administration.
I know it's perverted, but that's what we're dealing with.
but don't sweat it because I'm here.
Well, what a great start to what's going to be a great week.
July still the month of horrors for the Obama administration and the Democrats.
And I am largely the reason why.
And my brethren and sisters that are out there helping me shine a light of truth on these people.
We'll keep at it.
Do it tomorrow.
Can't wait to be back.
Thank you folks for being with us today.
As always, it's only 21 hours.
It'll go by faster than you know it.
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