The views expressed by the host on this program are right.
The views expressed by the host of this program not necessarily those of the staff, management, nor sponsors, or even the janitors of this station.
But they soon will be.
Great to have you here.
The fastest three hours.
I mean, already Thursday and already in hour three here.
Zowie, here's the phone number if you want to be on the program, 800-282-2882, the email address, lrushbo at eibnet.com.
I want to go back a week.
I want to tell you something the Washington Post published a week ago.
But before I do, because it's part and parcel the same thing, I'm watching C-SPAN at the top of the hour.
Now here we are.
We're all caught up in this phony race battle, phony race business.
We're all caught up in the public option of healthcare.
Is this going to happen here?
Cap and trade and so forth.
You know what the House of Representatives is voting on right now?
Which means it's going to pass.
Eliminating all private loans by 2010 in the student loan program.
The federal government will take over the entire student loan program next year.
That means that all higher education loans will be controlled by Obama and his minions.
ACORN, your children's route to higher education.
If you can't afford it yourself and you can't get a scholarship for some reason, you're going to have to go to ACORN or some government office.
You have to go to some government.
Van Jones will be the loan committee head.
And, you know, whether you're Republican or Democrat will matter.
Who you've donated to will matter.
This is how this works.
Now, let me get back to the Washington Post story.
Because on Monday, this is the, I think it was, was Monday the 8th?
8th, 7th it was.
I think Monday the 7th, the Washington Post published an article that very few people talked about, was little noticed, about changes in the mortgage market since Freddie Mac and Fannie Mae were taken over a year ago.
According to the Washington Post, now the only, this is a quote, the only one lender of consequence remains in the mortgage market, the federal government.
The mortgage industry has been nationalized.
Almost 90% of new home loans are either funded or guaranteed by you, by taxpayers.
And the government has granted itself the sole power to decide who is or who is not qualified to get a loan.
As a result, says the Washington Post, many borrowers among both poor and rich are frozen out of the market because it's now up to your government and some bureaucrat behind the counter or at a desk to determine whether or not you're going to get a loan to buy a house.
In addition to freezing people out of the market, including those who can afford a mortgage, the government has put taxpayers on the hook to cover loans the feds make that go bad, think subprime all over again.
So the government's got 90% of the mortgage market cornered.
If they make bad loans to risky people and the loans are defaulted on you, me, we cover it.
I know they already did that.
It's called a subpriority.
Now it's being formalized.
We think we're getting reform of all of that that went wrong.
We are getting affirmation and growth of what is wrong.
There's growing evidence that money loans being guaranteed by the government have a significant risk of defaulting.
Delinquencies are spiking.
Quote, Washington Post.
In addition, the FHA, the Federal Housing Administration, is already running through its supposed financial cushion to cover bad loans.
Thus far, in under a year, the federal government spent over a trillion dollars taking over the mortgage sector.
Fannie Mae, Freddie Mac are $5 trillion in hock.
So we've got universal mortgage care now with single-payer public option mortgages run by the government.
Single-payer public option government.
You got to, you want a mortgage.
You either get it from the federal government or it's going to be guaranteed by the federal government.
In less than a year, the federal government has squeezed out all competition in the mortgage business.
They have rationed services and they're running in the red at Fannie Mae and Freddie Mac.
Now, the House of Representatives is voting on taking over the student loan program, all of it.
In six months, there will no longer be private loans for the student loan program, which means whatever interest rate they say is what you pay.
There's nowhere else for you to go.
No competition in the private loan market for student loans.
Zip zero nada.
This is all happening pretty much under the radar while we're focused on all these distracting things like race, half the country being racist and all this other stuff.
So the Obama agenda is marching on.
They have the automobile companies.
They've got banking.
They got a lot of Wall Street.
Some of those Wall Street banks want out.
Obama says, nope, not yet.
They are going to nationalize energy with cap trade and tax.
What else?
I mean, the list is endless.
They are attacking prosperity and the private sector.
People are angry.
And they're going to be even angrier if they were really aware of what all is happening.
The Democrats in Congress are going like bats out of hell on this stuff, folks.
They really are.
Now, I just got a report.
I can't, in fact, I'm not going to, I'm not going to tell you about this until I can confirm it.
But apparently, in this bill that they're voting on now to nationalize the student loan program, the Republicans somehow, via Daryl Issa, slipped a defund ACORN amendment into the student loan bill.
And it's being voted on and near unanimous.
I mean, it's going to pass.
And if it passes, and if I'm right about this, I just said I wasn't going to tell you, and I just did.
So I'm still waiting on 100% confirmation.
I'm 99.4% sure of this.
Maybe 99.5% sure, but I'm waiting on the other half of a percent to confirm it.
But the Democrats did not raise a point of order when they inserted this amendment to defund ACORN in the student loans bill.
So there is a direct vote going on on the Republicans' defund Acorn bill.
And this student loan thing, it's in the student loan bill, but it's being voted on now, and it's passing overwhelmingly.
So we'll see.
By the way, there's stories out there today that Acorn firing staff having their advisory panel get together to look into.
This is all a bunch of PR.
It's a feint.
It's a smokescreen.
Acorn's not going to change, just like Obama isn't going to change.
All of this is being done to make it look like Acorn is responding.
And the White House, of course, is dutifully distancing itself from Acorn.
But hell, Obama was an Acorn trainer back in the 90s.
I'm not saying Obama trained Acorn in how to legalize prostitution and all that.
Don't misunderstand.
But he trained them on chaos.
He trained them in chaos.
He trained them in upsetting balances of power.
He is Acorn.
Acorn is Obama.
He'd probably just use hood tactics.
Acorn will.
They'll have a big going out of business sale.
And they'll wait a week and then they'll open up under a new name and they'll hire everybody back and they'll keep getting the money.
That's all they'll do.
They'll shut these Acorn offices and they'll open up as peanut or almond or some such thing.
Or they might just call them Obama offices.
I mean, it's what they are.
And we'll get back to your phone calls in just a moment, folks.
But back to the audio soundbite roster.
Last night, this is a fabulous answer here from the syndicated columnist S.E. Cup.
You ever heard of S.E. Cup?
You don't know who S.E. Cup is?
As much show prep as you do, as glued to the news as you are, you don't know who S.E. Cup is?
Well, I'm shocked.
Well, look it up.
Google it.
But first, listen to the answers of Larry King alive last night.
Larry King right out of the template.
If there was a walking crochet, it's Larry King.
And he says to the columnist S.E. Cup, would you admit there's racism?
The black president.
Obviously, racism involved.
No, I don't think so.
And I think this speaks to sort of a generational gap.
You know, my generation is not always so quick to jump to race.
I think the Maureen Dowds and the Jimmy Carters tend to go there because that's what was always done.
But my generation doesn't see racism in a Joe Wilson or racism at a tea party or a town hall.
We're looking at the issues.
These issues are too important to racialize them and project this imagined racism onto health care or any other political issue.
Yeah, that's exactly projection.
They're projecting who they are on everybody else.
That's S.E. Cup.
And, you know, handing it to Larry King, he needed a cup to have his guest be S.E. Cup.
I want to talk, I want to expand on this generational thing here because I have a actually the thought from the editrix of the limbo letter, Diana Schneider, a loco.
She's not a whack.
No, a loco is the last name.
People might think I was calling her A. Loco.
That's the big guy's last name.
And like a traditional woman, she took it when she got married.
She said, you know, Rush, oh, great one.
I've been reading the analysis.
Well, she didn't put that in there.
I just kind of threw it in.
Rush, I've been reading the analysis of Obama's bad poll numbers among seasoned citizens.
And I've seen a lot of mention of retirees and seasoned citizens at town halls and tea parties, as well as the big 9-12 march.
You know, it occurs to me.
This is kind of an upended version of the 60s.
In the 60s, the radicalized baby boomers, then in their teens and 20s, protested the establishment, their parents.
Remember, don't trust anybody over 30?
The media was celebrating the whole generational split thing.
Generation Gap were the buzzwords of the day.
And guess what?
The generational split has come home to roost.
The old generation is now picketing the former hell no, we won't go crowd that's running Washington.
The oldsters are marching on Washington against their kids and against people their kids' age.
Obviously, it's not a race thing at all.
This is generational.
It's exactly what SE Cup.
Did you Google SE Cup?
All right, now you know.
All right.
So it's exactly what SE Cup said here on Larry King Alive.
My generation doesn't see racism.
It's a generational thing here.
And, you know, this is not to mention the long-in-coming smackdown by those of us boomers who've had it up to here with our arrogant anti-American boomer peers.
So we are, you know, the baby boomers make up a lot of people.
I'm a boomer, but I'm embarrassed by over half my generation.
A bunch of putzes, a bunch of spoiled, rotten malcontents have too much time on their hands and everything's about me, me, me, me, me.
And that too much time on their hands and that me, me, me, me, me is what gave us Center for the Science and Public Interest.
And that's what gave us the animal rights movement.
And that's what gave all these other movements to deny people freedom and liberty because these people don't even have to go out and get jobs.
They can set up these foundations, ask for donations, and make a nice living off everybody else while pretending to do good works.
And they infuriate me as much as they infuriate others who are older than they are.
So it's a great point that Diana Liloco makes.
Did you catch that?
About this not having, now, of course it's nothing to do with race.
It is generational.
It's kind of a, it has been upended because these tide-eyed, blue-jean-wearing, long-haired maggot-infested, dope-smoking Cretans from the 60s are blowing up bank buildings that hell no, we won't go.
They're now running Washington.
They got their foot in the door with Clinton.
Some of them are still there.
Obama has sealed the deal.
And now the very people they were protesting against are saying, screw you.
We don't want what you are.
We didn't like it when you were blowing up our banks back then.
We don't like it when you're destroying our country now.
So to hell with you.
Hell no, we aren't going to go.
You say, yes, we can.
We say, no, you the hell won't.
And that's what's going on out there.
It's exactly what's going on.
Okay, now, that was SE Cup.
See what that inspired?
Here's Gibbs yesterday at the White House.
Jake Tapper says, Acorn, a group the president's had some ties with over the years, Census Bureau, has thrown him under the bus.
And the Senate overwhelmingly voted to cut off housing funding.
As it relates to Acorn, obviously, the conduct that you see on those tapes is completely unacceptable.
I think everyone would agree with that.
Right, Gibbs.
Until we hear Obama throw him under the bus.
Remember, Gibbs, we all have the tape of Obama going to meet Acorn and telling him they were going to be fundamentally involved in setting the agenda of his presidency.
He told him that during the transition period.
Now, Charlie Gibson.
Charlie Gibson.
Remember we had him on Don Wade and Roma.
WLS, the big 89 in Chicago.
I never heard of this Acorn Street.
I guess that's for the cablers.
I never heard of it.
Well, last night, ABC is world of news tonight.
Charles Gibson finally reported on the Acorn scandal because the New York Times did yesterday.
I told you.
Because the New York Times reported on it.
Washington Post reported on it.
So, ABC is on the case.
We're going to turn to a political firestorm that is in Washington.
For years, Republicans in that city have been taking aim at an umbrella group of community organizers called Acorn.
Opposition to the group intensified when Acorn helped President Obama in his election campaign.
And now a videotape has surfaced, which has prompted calls for investigations of Acorn's activities.
Here's Jake Tapper.
Hey, new videotape?
How about four videotapes with more to come, Chuck?
Let's go back.
Tuesday morning, WLS, Chicago, the Big 89, Don Wade and Roma.
They asked Charlie Gibson about Acorn, underage illegal prostitutes being advised on how to get away with it.
I don't even know about it.
So you've got me at a loss.
I don't know.
But my goodness, if it's got everything, including sleaziness in it, we should talk about it this morning.
Well, I think that this is a huge issue because there's so much funding that goes into this organization, and it's a multi-I know we've done some stories about Acorn before, but this one I don't know about.
Jake Tapper did some blogging on it.
I know he's at least blogged once on this scandal.
You guys are really up on the website.
And they don't even work at ABC anymore.
ABC sold WLS, the Big 89.
Now, CNN's on the case.
That's the next bite, Snerdley.
CNN is on the case.
This morning, American morning, here's a portion of the correspondent Jessica Yellen's report on the Acorn scandal.
The two are conservative filmmakers.
Giles is the daughter of Doug Giles.
Now an internet sensation, she's appeared on Fox News.
O'Keefe says he's a filmmaker dedicated to exposing corruption he believes the mainstream media ignores.
Experts in investigative journalism say reporters are wise to be cautious about posing as fake characters and using hidden cameras to get a story.
Hey, Jessica, you ever heard of 60 Minutes?
So, you got the Acorn story, and CNN's on the case investigating the filmmakers and their questionable journalistic tactics.
Now, did you catch this?
Giles, this is the woman that played pimp.
Giles is the daughter of Doug Giles.
Yeah, who's that?
You didn't know who SE Cup was.
I don't know who Doug Giles.
Google Doug Giles.
Who the hell is Doug Giles?
What's he got to do?
The daughter of Doug Giles.
Is Doug Giles some subversive conservative?
Is Doug Giles some well-known racist provocateur?
Are we all supposed to know the CNN think we all know who Doug Giles is?
Is he related to Warren Giles and Bill Giles of Major League Baseball?
Whoa, who is he?
Tell me who it is.
If you found it, if it's Doug Giles, it's...
Mm-hmm. Mm-hmm. Mm-hmm.
Oh, is it created?
What kind of radio?
Creator of ClashRadio.com.
But do we know that that's the father of the Giles woman in the Acorn videos?
CNN thinks we all should know who Doug Giles is.
I don't mean to insult Doug Giles.
There are probably 1,500 of them in America.
That S.E. Cup, though, that's...
Well, I was going to say, Snerdly, I mean, I can't believe you don't know who S.E. Cup is.
I just...
SE Cup.
You heard the video.
I mean, it's awfully pretty sharp.
Both cups, in fact.
Okay, here's who Doug Giles is.
And by the way, yet CNN reporter Jessica Yellen, she wasn't all that concerned, was she, about child prostitution being discussed.
And no, no, I'd rather find out who these two, who these two journalists are.
Doug Giles is a conservative Christian columnist at townhall.com, has a town hall blog.
Oddly enough, he endorsed Obama for president.
Doug Giles, Townhall.com.
Conservative Christian columnist endorses Obama August 31st, 2008.
There were no comments to this blog book.
That's who Doug Giles is.
So no wonder CNN knew who he was.
He's a great guy.
He's a Republican who endorsed Obama.
No offense to Mr. Giles, by the way.
I just, it's a comment here on CNN's report.
Giles is the daughter of Doug Giles.
And I originally thought this guy must be some kind of great guy if CNN wants to impugn him.
So if that's the Doug Giles, as I said, probably 1,500 Doug Giles is out there in the country.
All right, who's next on the phone?
Sally in Fort Myers, Florida.
Nice to have you on the EIB network.
Hello.
Hi, Rush.
Yeah, by the way, standby audio sound by 27, Sally.
Go ahead.
You want me to go ahead?
No, yeah, I do.
Okay.
Yesterday, after I heard Maxine Waters talking, I think it was on your show when you had played the clip.
That's right.
I called Maxine Waters' Washington office and told the man that answered that I had heard Miss Waters talking to Bill Prince and that she said she wants to talk to us and hear what we have to say.
So I said, here I am.
You can ask me anything you'd like to.
And he says to me, well, she wants for the media to interview us.
That's what I was going to say.
They want the state-controlled media to interview you at one of these racist rallies you're attending.
Right, right, I got that.
But I said, no, wait a minute, sir.
I said, and I'm quoting, I am interested in hearing from those people.
I want to hear what they are saying.
That's what she said.
And he said, and I said, I'm taking her at her word.
Doesn't she say what she means?
And he says, she is not interested in what we have to say.
And I said, well, sir, this is not complex.
I said, would you like to hear what I have to say so you can pass it along to her?
He said, we don't care, and hung up on me.
And that's in a nutshell.
They don't care.
What she wants, she doesn't really want to know what you think.
She's got it in her head you're about your racists.
And if the media goes out in the heat of the moment when you're out there racially motivated and protesting and everything, that you're going to say things that embarrass you and expose the movement for what it is.
She knows that you're not going to do that if you call the office.
That's why she wants the media out there in the heat of your passion, exposing your distorted personality.
Yes.
I say, bring it on.
Have them come talk to it.
It's not complex.
It's about our children and our grandchildren.
It's stop it.
No more.
No more taxes, no more spending.
Clean up the mess that you've already created up there.
I'm a grandmother of five, and my kids are out working to support their children.
And that's what this is all about.
What you said a little while ago is really true.
It's the generation here saying, enough, enough, enough, enough.
Well, look, I don't want to throw cold water on you.
I know that's what you're saying, but I'm going to show this again because I'm still getting emails from people.
In fact, somebody posted a column at World Net Daily today that was listening to me on Monday saying this thing in Washington on Saturday was aimed at both parties.
And I said, no, no, no, no, this is left versus right.
This is people mad at Obama.
Obama's a tipping point.
This stuff's been effervescing for years.
Yeah, people are mad at Washington and Republicans, but the Republicans never did anything near bad enough to cause this kind of outpouring of sediment.
Now, the columnist is Russia's wrong.
This is against everybody.
It's against governments.
It's against Washington.
It's the Republicans and Democrats and so forth and so on.
Folks, I know that you desperately want to believe that there's something virtuous.
Oh, this woman also says that I'm running defense or defending somehow, and I'm paraphrasing what she said.
I don't have it in front of me.
The Republican Party.
Nothing could be further from the truth.
I made it plain on Monday.
I have nothing to do with the Republican Party.
There is a conservative ascendancy happening out there.
That's what's happening on the streets of America.
It's not a Republican ascendancy.
It's a conservative ascendancy.
To have it defined as something else is going to inflict great harm.
It's going to lead to some third-party movement, which is guaranteed to elect Democrats for the rest of this country's existence.
Now, let me you I know you're upset.
You don't want any more taxes.
You don't want any more spending.
Let me review for you what is happening.
Do you understand they've taken over the mortgage market?
90% of it.
The federal government is in charge of determining who gets a mortgage.
And it's not just the federal government.
It's the Obama branch of the federal government.
It's the Obama administration.
This is Obama's America.
The Republican Party's not taking over Freddie Mac and Fannie Mae.
That was done by Chris Dodd, Bill Clinton, and Barney Frank, the banking queen.
The House today just voted to take over in its entirety the student loan program.
As soon as next year, there will be no private lending for the student loan program in six months.
Now, what this adds up to is that the federal government is in charge of who gets money.
The Obama administration is literally taking over all control of access to money in this country.
They've got the banks under their spell.
They are sitting on Wall Street.
They've got their favorite players up there, Goldman Sachs, and the rest have bullseyes painted on them.
So if they can take over the student loan market, if they can take over the home loan market, and they own the car companies, pretty soon, the Obama administration is going to sit there and be the determining factor into who gets money in the form of loans to grow a business or to send a kid to school.
This is not the Republicans doing this.
And this is not what Washington's always.
This is the biggest power grab ever.
This is radical leftism fascism that has gotten its hooks into this country.
And if you want to sit out there and say that there's no difference in the two parties, you go ahead and delude yourselves.
And I say that not defending the Republican Party.
I'm telling you what we face is an onslaught of radical leftism like we have never faced before.
This is not Washington as usual.
This is Washington as usual on steroids being run by radical leftists who have had designs on this since the 60s and even prior to that.
You think it might matter whether you're a Republican or Democrat when you want to get your kid a student alone?
You think it might matter who they can find, who you contributed to in election campaigns?
You think it might matter when it comes to health care when they take that over?
You think it might matter whether your procedure gets approved or not, depending on where your political loyalties lie?
Now, don't tell me the Republicans are doing this kind of stuff.
The Republicans' big sin is to sit back and say nothing while this is happening.
The Republicans' big sin sitting around letting all of you people lead this way.
There is no charismatic leader in charge.
People are fed up.
It's a generational thing.
We went through that mere moments ago.
It's fascinating to watch this.
There's no racism involved here.
There's just deep patriotism.
People finally at the boiling point.
This has been effervescing for years.
I understand totally the overwhelming disgust you have for Washington.
And I understand the overwhelming disgust that you, the desire you have to lump them all in together.
But folks, you got to be more discerning.
As inept and as elitist and as moderate blue-blood country club as the Republican Party is, they are not fascists.
They are not socialists.
They do not look down their nose at the private sector and try to destroy it.
I know they all want to get rich, and I know they all want to get power, and I know the Republicans wish the pro-lifers would go away because they embarrassed them in the party.
That's jump change compared to what's going on here.
Mike, I'm going to grab a soundbite here.
I went past it because I didn't think I would have any need for it, but it's going to dovetail just fine with what I just said.
Yes, soundbite number eight.
Before we get to 23, I want to play for you the prevailing sentiment at elitist Washington, D.C. cocktail parties, attended by Republican moderates.
This guy is a Republican.
He's on MSNBC last night.
Frank Schaefer, former Republican author of Crazy for God.
And the hostette says, it doesn't seem like facts are relevant in trying to move people away from their weird beliefs here.
We have a village idiot in this country.
It's called fundamentalist Christianity.
And until we move past these people, and let me add, as a former lifelong Republican, until the Republican leadership has the guts to stand up and say it would be better not to have a Republican Party than have a party that caters to the village idiot, there's going to be no end in sight.
There is a fundamentalist subculture which has become a cult.
It's fed red meat by buffoons like Rush Limbaugh and other people who are just not terribly bright themselves and they are talking to even stupider people.
That's where we're at.
Now, this is your average elitist country club New York liberal Republican.
His Frank Schaefer is his name.
First time I've heard of him.
I've never heard of him.
This is the first time I've ever heard him speak.
But the point is that this illustrates exactly, maybe not as extreme as the way this guy put it, but I'm telling you, at the upper levels, the upper echelon of the liberal country club blue-blood Republican Party is that exact sentiment toward pro-lifers.
Village idiots.
Embarrassing.
Wish you'd get out.
The Republican Party's got problems.
Do not misunderstand me.
But nothing posed by the Republican Party is as threatening as what Obama is doing.
This you may not want to admit this.
You may want to believe something else.
I'm telling you, this is about ideology.
We are fighting a fascist social, whatever you call it, takeover and remaking of the United States of America.
I don't know the Republican yet who wants to tear up the Constitution or rewrite it.
I don't know who that Republican is.
I don't know the Republican wants to take over the mortgage business.
I don't know the Republican that wants to put the federal government in charge of every dollar the American people have access to.
I got to go.
Quick bake.
Break.
Back after this.
You got to hear this next soundbite, ladies and gentlemen.
Nancy Pelosi.
In what can only be described as a literal outrage, the woman who started much of the current crisis by calling half of America Nazis was asked a question about the climate and possibility of violence in America.
This balance between freedom and safety is one that we have to carefully balance.
I have concerns about some of the language that is being used because I saw this myself in the late 70s in San Francisco.
This kind of rhetoric was very frightening and it created a climate in which violence took place.
I wish that we would all again curb our enthusiasm in some of the statements that are made, understanding that some of the people, the ears that it is falling on are not as balanced as the person making the statement might assume.
I also think that they have to take responsibility for any incitement that they may cause.
All right, so she chokes up in there.
We know that's fake because you can't cry when you got Botox all over your face.
Nancy Pelosi, tears of a clown.
She is actually setting it up for some people to have to take responsibility for any incitement they may cause.
She started all of this.
She started it, and then Obama doubled down on it.
The violence?
Ms. Pelosi, you want to talk about violence?
How about the black kid beat up in St. Louis by union thugs at a town hall meeting for one of the Carnahan progeny?
What was his name, Russ?
Yeah, IQ of a pencil eraser bear.
Anyway, she's talking about Harvey Milk and Dan White and George Moscone.
That's the violence she saw in San Francisco.
The Twinkie Defense, Dan White went nuts and killed Harvey Milk as a gay activist.
I'm sure you're, well, you probably didn't see the movie starring Sean.
Let's go, Hugo Penn.
But I mean, this is beyond the pale.
She's stoking it even now.
She calls half the country Nazis.
And then Obama doubles down on it and says everybody showing up at these town halls is an unruly mob.
Swastikas.
They're showing up with swastikas, she said.
Ditz can't even pronounce that word right.
So she's warning of violence over heated rhetoric and chokes up.
This is your Democrat party.
You want to tell me that this is just about Washington?
That Washington and generals got to go?
Maybe it does, but I'm telling you folks, we are at triage.
We are at the triage stage right now where our country is concerned.
And that means you deal with what you can deal with and you leave aside what you can't save.
And right now, the biggest threat we face is not Washington per se.
It's who's running it.
Brief time out.
We'll be back.
Stay with us.
Open Line Friday coming up tomorrow, and it ought to be a doozy.