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Oct. 13, 2009 - Rush Limbaugh Program
37:42
October 13, 2009, Tuesday, Hour #2
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Well, the state-controlled media is just, ah, they're over the top here, folks.
They can't believe it.
Newsflash, news alert.
A Republican Olympia Snow has announced that she will vote for the Baucus bill.
Surprise, surprise.
Oh, goody, goody, goody.
This is the same Republican, Olympia Snow, who says the party left her, that she didn't leave the Republican Party, that she is a fiscal conservative.
Olympia Snow is a predictable joke.
She has voted for all of Obama's big spending radical agenda.
If the Republicans had any intelligence, not only would they vote no on the Baucus bill, they wouldn't even show up for the vote.
The Republicans have no business helping this thing get passed.
The Republicans have no business politically.
I mean, it's death for them to have any role whatsoever in this health care bill being passed.
They ought to not even show up.
I mean, the committee had a bunch of meetings, Baucus Committee.
It didn't even tell the Republicans the meetings were taking place.
They ought not even show up and vote.
Even if you're going to vote no, don't show up.
Don't get anywhere near this.
Greetings and welcome back.
Rush Limbaugh, the EIB Network, and the Limbaugh Institute for Advanced Conservative Studies.
Let me, I want to explain something I explained last week when I was talking to you about how the CBO, Congressional Budget Office, scored the Baucus bill and proclaimed, hey, it's actually going to reduce the deficit.
Now, I explained this in great detail last week, and now the commentators on the chat shows have finally once again caught up with me and explained it themselves the past couple of nights.
There are two factors here.
The first is that there was no legislation.
There was no bill.
Baucus had not completed the writing of the actual legislation that he submitted to the CBO.
What he submitted to them was a draft, and he had numbers and gimmicks in it designed to produce this exact result.
And the CBO even said in their analysis that this is all subject to great change because they were dealing only with estimates.
The hard numbers were not in the draft that they scored.
So after Baucus got the favorable CBO report, then he went back to work and started writing the exact bill.
And Obama has not come out and said that he supports it 100%.
But it doesn't matter.
This is the framework for all of the little bitty tiny radical things they're going to add into this each and every legislative session after they get this big shell done.
Now, the trick, in addition to presenting CBO with a draft and not real legislation, the trick in the baucus structure of the thing was this.
The plan does not get implemented until 2013.
Now, remember, the CBO forecasts 10 years out on these things.
The plan doesn't get implemented until 2013, but the taxes, the increase in taxes, and the increased charges for health care will happen immediately.
And this is something I want all of you to know.
The tax increases that you're hearing about on health plans, insurance plans that start at $8,000 and go up to $21,000, those taxes will happen when Obama signs the bill.
So in theory, even though there's 10% unemployment, in theory, they think they've got a great new source of revenue that's going to be coming in with these new taxes that are going to be placed on health insurance plans, even from your employer.
The whole taxing benefits is essentially what this is, and that'll happen immediately.
But the spending doesn't start for four years, 2013, after Obama theoretically gets re-elected and therefore will not have to face the revolt that's sure to happen from people because he will already have won re-election.
This is the theme.
So if the taxes and the new charges are implemented immediately and are in place for three years, and the plan doesn't get implemented for three years, well, of course, they can say that it'll produce a surplus in 10 years because you'll have 10 years of taxes and seven years of the new health care plan.
And I think all that's bogus anyway.
I think the costs are going to skyrocket.
I don't think there's no way that this is going to be revenue neutral.
There is no way that it's not going to raise the deficit.
There's no way it's going to come in under.
All of this is just absurd.
And they are playing games and gimmicks.
Nobody's going to read the bill at shut up and vote.
What about $400 billion in America?
Shut up and vote.
What about all the new tax increases on health plans?
Shut up and vote.
Well, what about all the end-of-life decisions that some government panel is going to be making is to shut up and vote?
Did the founding fathers read the Constitution before they vote?
Shut up and vote.
Did the founding fathers read the Declaration of Independence before they say, shut up and vote?
That's the new mantra at the United States Congress in the House and the Senate.
Shut up and vote.
Don't read it.
Don't ask any questions.
Just shut up and vote.
The Republicans in the Senate on this finance committee, the Baucus Committee, ought to be nowhere near when this vote happens.
If they do show up, they should vote no.
Snow is going to vote yes now.
Oh, wonderful Olympias.
No, we've got bipartisan tip, Mr. Limbaugh.
We have bipartisan tip.
And this means that Obama cannot be totally blamed.
Obama can't be totally blamed.
Because now there's bipartisan tip, Mr. Limbaugh.
This is how Congress is supposed to work.
This is how the wonderful nature of the U.S. government is supposed to work, Mr. Limbaugh.
This voice, by the way, is the voice of the neocastrati.
Those who have lost all manhood, gonads, guts, and courage throughout our culture and our political system.
That's right, Mr. Limbaugh, but it's necessary for the civility to return to the American political marketplace, Mr. Limbaugh, because now there's bipartisan tip.
Olympia is voting with Obama.
Yeah, bipartisan.
You'll get one Republican vote on the committee.
Senator Blanche Lincoln, a Democrat Arkansas phony moderate, phony blue dog from Arkansas, a state that McCain won with 60%, is talking like she's a yes vote.
In the end, she's a Democrat hack who is in Obama's back pocket.
All these Democrats are, take the word blue dog out of it, because at the end of the day, they're still Democrats.
At the end of the day, the Republicans do not have the votes to stop this.
The Republicans Republicans are not the obstacle to anything getting done here.
It's a shame that they aren't.
It's a shame that this whole thing is happening.
This is a disaster.
We are in the midst of a man-made disaster, the Barack Obama presidency.
This economy is a purposeful wreck.
It is getting worse.
There's no end in sight.
The very people who thought that he was going to reverse circumstances and made their lives bad or poor, the very people who thought that they were going to start getting theirs, the very people who thought that we were going to get rid of all the arguments and the partisanship, the little guy, the little guy who's always the supposed beneficiary of liberal Democrat policies is getting creamed.
52% unemployment among young people.
There is a fascinating story in my stack here.
It is from the Business Insider.
Now, when I share this headline with you, you're going to scratch your heads, you know, what does that mean?
At 10% unemployment, America still doesn't have enough workers.
So I said, what?
That doesn't make any sense.
At 10% unemployment, America still doesn't have enough workers.
Here's a little paradox for you.
Even with unemployment officially sitting around 10%, studies continue to suggest that America is deficient when it comes to having a skilled workforce.
A new survey by the Business Roundtable finds that many businesses say they cannot get a skilled enough workforce for what they need.
Remember, we're in the middle of a period where there's a record number of job seekers for every listing.
What is amazing here, when you dig deep, is even with the economy in the straits it's in, there are still businesses that need work to be done.
They're still in business and they're trying to stay in business and there's even trying to grow in this cesspool of an environment.
And even with 10%, with all the millions of people looking for work, businesses say they can't find enough highly qualified.
Now that, folks, is a slap upside the head.
That is scary for the future of this country, which used to lead the world.
And our world leadership is being cut down to size right before our eyes, faster than anyone would ever believe it happened.
Youth unemployment is over 50%.
The longer you are out of work, the tougher it is to replace the job you lost.
The longer you're out of work, the harder it is to find the same kind of job, the same wage, salary, whatever that you had.
The longer you're out of work, the more dispirited you get about finding work.
The more confidence you lose in yourself.
Especially if you get an interview or two and you're deemed not qualified enough, even in a period of time when people are trying to find workers or employees in the middle of this down economic climate.
It's mind-boggling.
So the 50% youth unemployment, what's going to happen to them as adults?
If they can't find jobs now when they're young, entry-level jobs where they learn all about working and the responsibilities of showing up on time, if they can't get that experience, get it under their belt and get started, what's going to happen to them when they hit their 20s and 30s?
What kind of jobs are they going to be qualified for?
We're looking at a permanent welfare state.
A permanent welfare state being created on purpose by this president and his administration.
And in the midst of this economic chaos, we're on the verge of adding a brand new entitlement which robs the private sector of one-sixth of its size, the U.S. healthcare industry, and places it in the total control of the federal government.
The effect this is going to have on health care, on insurance, on the overall economy, is too dramatic to even contemplate.
It's going to devastate.
We're not going to have an economy as we knew it.
We're going to have an ever-increasing welfare state, more and more people with no choice but then to depend on government because the private sector, where jobs used to be, is being destroyed.
And on top of that, here comes this health care bill.
And the headlines today, lost jobs not return until 2012, economist poll.
The 7.2 million jobs lost in the recession, 7.2 million, will not return until 2012 or beyond.
According to a new survey of top business economists released yesterday, economists surveyed by the National Association for Business Economics said that any recovery is likely to be so gradual that those jobs won't return to the labor market for three years.
The panel forecasts the unemployment rate to rise to 10% in the first quarter of next year and only slip to 9.5% by the end of 2010.
I shudder to think if these guys are right, people have to work.
They want to work.
They have to eat.
I shudder to think what's going to happen if these guys are right.
And on the heels of that story from the AP, more than 80% of economists believe the recession's over and an expansion has begun.
But they expect the recovery to be slow as worries over unemployment and high federal debt persist.
Now, this is the same story, treated two different ways.
One by MarketWatch.
The first one I gave you is unemployment will not return, or lost jobs will not return until 2012.
National Association for Business Economics.
AP has access to the same data.
National Association of Business Economics.
They choose to say most economists see recovery beginning.
Same data, same survey, same results, two entirely different takes.
We are getting totally different reporting on the same data, on the same story.
AP, state-controlled AP, repeating for Obama, most economists see recovery beginning.
The truth is, you can't have a recovery if there aren't any jobs being created.
You can say you have a recovery, but try telling that to people who aren't working, who want to work.
You try telling them that the economy is coming back.
And then at 10% unemployment, America still doesn't have enough workers.
Oh, and one other little story here from, again, the AP job data to show stimulus-aided teachers and laborers.
Labor, what the hell is that?
It's some communist word, laborers.
Public school teachers are expected to be the big winners when states around the U.S. reveal for the first time how many jobs were created or saved during the first months of President Obama's stimulus plan.
The stimulus sent billions of dollars to help stabilize state budgets, sparing what officials said were tens of thousands of teacher layoffs.
Saving jobs.
What a joke.
They just delayed yet more unemployment.
The White House is going to admit what we already know, that the stimulus was just a big SOP to the unions, the teachers and the unions.
I don't know about you, but I'm ecstatic.
I'm glad that we can now pay teachers more so they can write songs for kids to sing in unison, Barack Hussein Obama.
Aren't you?
By the way, folks, Zycam worked again last week, thought I was coming down with something.
I felt stuffy, a little scratchy throat, a little runny nose.
Those of you watching on the DittoCam were able to see me dealing with the effects of this, having to blow my nose so far.
So I ran, grabbed some Zycam.
I always have it on hand.
And two days and it was gone.
It never took hold.
If you catch it early, Zycam will reduce the duration of a cold.
Can't get rid of it.
I mean, nobody can do that, but it can reduce the symptoms, reduce the duration.
It doesn't mask symptoms.
Zycam Cold Remedy comes in a variety of forms, a variety of flavors, so you can get over your cold faster.
They got a new cold remedy plus line.
It comes in a liquilaws form that reduces the duration of a cold and helps relieve a sore throat, all in one dose.
And there's other formulations of Zycam as well.
Refine the one you like best.
Have it on hand for when you think you are coming down with the cold virus and Zycam will zap it.
All right, now, one more story on unemployment.
This is from Forbes.
When work doesn't pay for the middle class.
Follow me on this.
Story after story, I could do this whole show today on stories of how taxes are taking away the incentive to work.
And if you earn more, you lose all sorts of government aid.
So the incentive to get out there and get a job is becoming less and less at the same time.
Jobs are getting hard to find.
18 months after being laid off, Judith Letterman, a 50-year-old divorcee who lives in Scarsdale, New York, is ready to consider jobs paying half the $120,000 she earned as a publicity manager at Lord and Taylor.
That's mostly because she's desperate.
But it also makes sense when you consider how this country punishes work effort.
While the first $60,000 of her income would be lightly taxed, the next 60 would be hit with what is in effect a 79% tax rate.
Given a choice between a part-time or easy job paying $60,000 and a demanding stress-ridden job paying $120,000, Lederman would be wise to take the $60,000 job.
In the tougher job, she would be contributing twice as much to the economy, but she wouldn't be doing herself any good.
It would make more sense to take it easy and spend more time with her high school senior daughter, Casey.
How did a middle-class mom wind up with a 79% marginal tax rate?
Well, at $120,000, she would pay $16,500 in federal and state taxes.
She would not qualify for the five-year, $12,000 a year cut in her mortgage payments she's applying for, and would be eligible for $19,000 a year less in need-based college financial aid.
For decades, there's been debate about how to help the poor without discouraging work, saving, or marriage, yet with almost no notice.
Just such disincentives have crept up the income ladder, according to C. Eugene Sturrel, a former Treasury official and expert on the taxation of families.
Now, at first blush, it'd be hard to argue with anything that might help Lederman get back on her feet.
Mortgage relief?
Well, voters clamored for it.
Scholarships for less prosperous students.
Everybody wants poor kids to get same chances in life as rich ones.
Add up all these good intentions, though, and you get some perverse incentives.
Work isn't the only middle-class virtue that's getting punished.
The system penalizes savings, too, not just through taxes, but also through programs that reward debtors.
The profligate and college families show up at the financial aid office with empty pockets.
Yet another series of tax and benefit rules penalizes marriage.
It's just a huge social experiment.
We really don't know what the long-term effect of all this.
These incentives are going to be.
Oh, yes, we know exactly what the long-term effect of all these incentives is.
It's to grow the government, and it is to destroy and punish achievement.
That's where we are today, folks.
Media going nuts.
Chiron Graphics awaiting Senate Finance Committee vote on health care bill.
As though nobody knows what's going to happen.
What?
Olympia Snow is going to vote with the Democrats.
Are there going to be some Democrat defections?
Got Bill Nelson of Florida.
He's another phony moderate out there.
He looks like he's voting to kill Medicare and slash health care to senior citizens today as well, which is what they're all going to be voting on.
Kill Medicare and slash health care for senior citizens.
That's the essence of the Baucus bill.
There can be no other way.
Quickly to the phones to Port Huron, Michigan.
Mike, I'm glad you called, sir.
Welcome to the EIB network.
Thank you, Rush.
And let me say real quick, it is an honor.
And I'm a trucker, and when I can't get you, I listen to other radio stations, and they all envy you.
I tell them the reason they don't have your audience and the respect that you have is because their message is not what the majority of America wants to hear.
And that quickly being said, like I said, I am a trucker, and the economy, any signs of recovery, we would know it.
Right now should be our busiest time of the year with Thanksgiving, Christmas, Halloween, school started back up.
We are not getting freight.
And if the truckers ain't trucking, there ain't nothing moving.
The only thing that doesn't move without a truck is Wall Street, and that's a hoax by itself.
Well, there's a reason why Wall Street's got some action, and you just nailed it.
Wall Street right now is the only place where there's a real economy going on.
That's the wrong way to put it.
The real economy is not worth investing in right now.
There aren't any 10% unemployment.
People are putting their money into municipal bonds right now and into equities.
And gold, by the way, big time into gold, but they're not.
People are not investing in Main Street.
You remember the liberals all lament, well, well, it's good for Wall Street's not good for Main Street.
That's never been more true than it is now.
I'm not berating people putting their money in Wall Street, the markets at work here, and what they're telling us is what you're telling us.
You ain't trucking.
You got no freight.
That's it.
You go to any truck stop and you see how many trucks are sitting there.
And you talk to any driver.
If there was anything out there, it's like my wife says, we're on the front line.
If there was any sign of a recovery, we would throw it.
Amen.
The idea that there can be a recovery with no job creation is just...
Recovery is what?
Commerce thing.
75, 80% of the economy is consumerism.
Consumption out there.
People buying stuff.
And for people to buy stuff, it has to be on the shelves in the stores.
And how does it get there?
Guys like Mike and his truckers over the road, trains, some cases, airplanes.
Yeah, there's a three-year lag time for jobs.
Well, how in the hell?
This is just pure baloney designed to make the Obama administration look benevolent and good and successful and so forth when it's all senseless.
It all defies logic.
Now, here is a telling story within the story.
This is a Reuters story, and it was published today.
U.S. Home Rescue Plan Delaying Not Solving the Crisis.
U.S. Home Rescue Plan Delaying Not Solving the Crisis.
There's a telling story within this story.
After describing the macro failure of Obama's bill that claimed to help people who can't afford their home to keep their home, this Reuters story tells the story of an individual that tried to get help from our president, got slapped down.
It's a teachable moment.
Within weeks of taking office, U.S. President Obama rode to the rescue of homeowners, resigned to financial ruin.
Obama, grappling with the worst U.S. housing crisis since the Great Depression, pledged to help as many as 9 million families keep their homes by reworking their mortgages.
Yes, he made that pledge.
He didn't live up to it.
He failed.
Eight months later, the plan is plagued by delays, red tape, and some critics say a reluctance by banks to do their part.
Just 17% of eligible borrowers have had their loans modified and monthly payments cut.
Hardly any have been given a cut in the amount they owe on homes, which are now worth less.
That means that many successful applicants are left with loans that they still won't be able to afford in the long run.
So instead of resolving the housing crisis that pushed the U.S. economy into recession, America may be prolonging it and in the process, stunting the global recovery.
So how's that hope and change working for you?
We're on the verge.
We got the media breathlessly watching the Senate Finance Committee vote on nationalizing health care.
And we've got a story today on how a simple little program, remember how they botched cash for clunkers and delayed any genuine recovery in the auto industry.
And now we've got this little program that had all these wonderful intentions.
Why, to help poor people whose houses had been destroyed value-wise with the plunge in the economy.
Well, we don't want to foreclose on them, Obama.
So we want to find a way to help them keep their homes.
Just 17% have had their loans modified.
Instead of resolving the housing crisis, America may be prolonging it by not just letting the market work.
The market will take care of this.
But if you phony, it's like the poor people in Michigan.
Okay, give them whatever they're going to get from $15 million of stimulus, but that's eventually going to dry up.
And then what do they do?
They need work.
They need jobs, a steady source of income that results from their work.
Okay, so pass out some help for a mortgage.
But it's going to end someday.
You can't pay everybody's mortgage forever.
And then what do these people do?
So we're just delaying the inevitable.
And in the process of the delay, we're making the whole problem worse and we're deepening it because we are delaying the market correction, which will automatically happen if you just get out of the way and let it.
But these are central planners.
They know better than you.
They know what kind of car you ought to drive.
They know what kind of health insurance you ought to have.
They know what kind of doctor you ought to see.
They know what tests you ought to get, what tests you shouldn't get.
They know everything.
They know which vaccine you should take.
They know everything better than you do.
And they get their hands on these things and they screw it up every time.
They have screwed up the Great Society.
They screwed up the war on poverty.
Poverty has won.
It's time to declare a winner.
Poverty is winning and it's getting worse after how many trillions that have been spent on it.
And now this little program to great intentions.
Oh, yeah, Obama's going to keep me in my house.
Obama's going to let me stay in my house.
Oh, Obama is not.
Obama's not letting you stay in your house.
And the scams associated with this are too numerous to even detail.
The total number of scams related to this mortgage relief program is massive.
It makes the scam of the phony fake applications to the people in Detroit last week for 20 bucks a pop look like a kid lemonade stand.
The scams going on in this program are just and that the people are scamming the government.
Anytime you put a this is unalterable.
It's not arguable.
Anytime you put a big pile of money in front of people, you're going to have a bunch of different ways people try to get it.
Some are going to try to work for it and come by it honestly.
Others are going to say, ha ha ha, look at all that.
I'm going to find a way to scheme and get it.
Now, imagine the pile of money people in Washington have to play with every day.
But they can't even manage it.
They have to print money that we don't have.
They have to tax people who are not yet born.
It's just breathtaking to behold.
Every single policy that we've seen has merely kicked the problem down the road, said Laurie Goodman, a veteran analyst at broker dealer Amherst Securities Group, which specializes in residential mortgage-backed securities.
But there's no easy solution to the underlying problem.
Yes, there is.
It's called cut taxes across the board and reduce government spending.
Americans need jobs.
They need their employers to be flush with cash.
They need work.
They don't need handouts financed by their neighbors.
They need work, a steady stream of income.
It is not compassionate to tease people with a handout here and a handout there.
And then what happens when it's gone?
Like I've always said, we conservatives define compassion not by how many people are receiving government assistance.
We instead define compassion by counting the number of people who no longer need it.
We've all heard the phrase cradle to grave, right?
When describing government involvement in our lives, cradle to grave care.
The difference now is that they also get to decide when to dig the grave.
Cradle to grave, and they decide when to dig it with his health care plan.
And get this from state-controlled associated press: daycare is the next frontier in fighting kids' obesity.
Elementary screw and it's too late.
Say proponents of fledgling movement.
Grilled chicken replacing the hot dogs.
Strawberries instead of cookies at snack time.
No more fruit juice.
Water or low-fat milk only now.
That's the new menu at a Delaware daycare center, part of a fledgling movement to take the fight against obesity to pudgy preschoolers.
Daycare is the next frontier.
New Harvard research shows that few states require child care providers to take specific nutrition and physical activity steps considered key to keeping the under five crowd fit.
And while years of work now have older kids starting to get healthier food and scrolls, more and more kindergartners show up their first day already overweight or obese.
Yeah, we got to start really early here.
Elementary school, too late, said Dr. Lynn Silver of the New York City Health Department, a leader in anti-freedom anti-obesity standards for daycare.
This is so silly.
We're putting preschoolers on diets and I'd give them hot dogs.
Hot, no juice.
Hot dogs are a staple of child for crying out wide.
Whatever happened to hot dog apple pie and Chevrolet.
And we're going to give this job, we're going to give this job over to some daycare worker who will be reporting to the government.
Have you seen a daycare worker recently?
Do you know where to go to see a daycare worker?
Have you seen one lately?
They are not your old kindergarten teacher.
Oh, no.
They are low-wage, untrained workers who just do a job and get a paycheck.
Not all of them.
I mean, I don't want to paint all daycare workers with a broad brush, but they ain't the kids' parents.
Here's Mary of West Palm Beach, Florida.
Great to have you on the EIB network.
Hello.
Hi, Rush.
How are you?
Just fine.
Thank you.
Okay, I talked to the screener, and what we've got here is a money supply, a frozen money supply.
I'm an economist, and you're absolutely right.
Everything you said, and you can't have an end to this recession with an increasing unemployment or if it's staying high with continued foreclosures, increasing bankruptcies, increasing your small business.
And the other thing would be that our companies, the major companies, have been working gimmicks.
They're using a government tax cut to show a positive flow.
It's not much, but it's enough to make everybody go, oh, wait, wait, wait.
What company is showing positive growth?
Oh, gosh, it was on the other day, and it had, they were showing how it had used the government tax cut to have a positive spin on their numbers.
And I can't tell you the name of it.
It was in the morning show.
And we just don't have the money.
You need money.
The velocity of money has to keep turning over and over.
And we have stagnated it.
It is frozen.
Anytime government's involved, the multiplier effects kicks in, and the government decreases the money supply.
If the government is involved in handing out money, you can kiss it goodbye.
You need it in your small businesses.
You need it in your banks loaning money, and it's not happening.
All of what she says is true.
And the point about money being frozen, not turning over, changing hands and so forth.
One of the reasons is the money supply is way up, but there's less and less of it circulating in the private sector.
It's all in the hands of government, and it's being spent by them.
There was a story in the Wall Street Journal, I think it was in yesterday's stack, and I have a chance to get to it, but I remember enough of it.
They're finally getting where the Wall Street Journal is very happy that the Obama administration is finally figuring out here that the job situation is serious.
And the Obama administration has floated something that they were talking about during the campaign and then shortly after President Obama was inaugurated.
And it's this, a $3,000 tax credit or cut for every employee hired.
Now, it's good that the administration is starting to float around the idea of tax cuts.
And, you know, I don't want to sit here and besmirch tax cuts, but this is not why people hire people.
They hire people because they have work that needs to be done.
To say that somebody's going to go out and spend whatever it's going to cost to hire somebody, plus the benefit package, health care, for a $3,000 tax break when sales are down, it just isn't going to happen.
Well, if you're going to cut taxes, cut their income tax.
Don't get tax credit stuff.
Cut their income, corporate tax, small business tax, whatever it is.
Reduce the cost of doing business that is slapped on them by the government.
Now, the Obama administration is not going to do this because they don't want that kind of independence and freedom and liberty.
What they want at the end of the day is if enough businesses take this deal to be able to say, Obama created jobs, Obama created jobs, came up with this big deal, give every business three grand essentially for every new hire.
And that's like Band-Aid.
It's not addressing the problem.
And the Wall Street Journal piece on this goes on and on and on in greater detail about what ought to be done with businesses and hiring and so forth.
And clearly, what needs to happen is there needs to be an atmosphere.
There needs to be a climate, if you will, of growth, opportunity in the market.
People need to feel confident that they can invest in their business, hire new people, or do whatever.
And right now, they just don't have it.
People in business are not stupid.
They know what the cost of doing business is.
They can see what's coming down the pike with health care.
They can see cap and trade coming at them.
They can see new income taxes coming when the Bush tax cuts sunset.
I mean, folks, we're in the crosshairs, and every gun the government has is aimed at us.
And meanwhile, news from the Chikoms.
China's super rich have bounced back from the, I can't believe I am reading about this.
I cannot believe I'm reading.
China's super rich have bounced back from the financial crisis with a vengeance, and the Chikoms now have more known dollar billionaires than any other country except us, according to a new report released on Tuesday.
Our bar on the graph is going in the opposite direction of a communist country.
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