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Oct. 29, 2009 - Rush Limbaugh Program
36:42
October 29, 2009, Thursday, Hour #3
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Time Text
Well, actually, Mr. I might even go one through six.
Never know.
Greetings, folks, and welcome back.
It's Rush Limbaugh, the EIB network, where we have fun, frolic, and frivolity for all, as well as the serious discussion of issues.
Phone number, if you want to be on the program, and I'm going to get the phone calls this hour, 800-282-2882.
And you can always send an email, LRushbaugh at EIBnet.com.
So yesterday afternoon, about this time, I received an email from a friend in Washington, maybe Washington for those of you in Riolinda, that Congressman Steve King of Iowa was questioning the NFL Commissioner Roger Goodell on the qualifications required to be an owner in the National Football League.
I had no clue.
I mean, I knew that Congress was doing hearings on concussions and brain injuries in National Football League players.
There's a study out there that NFL players have a greater incidence of dementia and other brain-related diseases after they quit playing.
So Congress is looking into it, and they brought the commissioner up there and the head of the Players Association, Demaurice Smith.
But apparently Sheila Jackson Lee is on this committee and she opened the door for questions about qualifications of owners by making some reference to some owners not being really what the league wants.
She didn't mention my name, but that was the opening guest for Steve King.
I want to thank Congressman King.
He's from Iowa for doing this.
I'll play it for you here in just a second.
I don't recall, and I could be wrong, I don't want to slight anybody, but I don't recall ever being defended like this at such a high level of power.
I'm not used to it, and it just hit me hard in a grateful way.
So I want to thank Steve King, and I want you all to know what he did.
Here is how it all went down yesterday.
I guess it's about 24 hours ago.
It was about this time yesterday this was happening.
I would direct it to your statement on the 13th of October where you said, I think it's divisive comments.
Are they not what the NFL is all about?
I would not want to see those kinds of comments from people who are in responsible positions within the NFL.
No, absolutely not.
Now, I take you as a man of your word, but I would point out that you have a couple of owners that have performed lyrics and songs that are far more offensive.
In fact, I don't think anything that Rush Limbaugh said was offensive.
But with Fergie and with J-Lo, they have, between the two of them, alleged that the CIA are terrorists and liars.
They've promoted sexual abuse of women.
They've used the N-word, verbal pornography, recreational drug use, et cetera.
And they are owners of the Dolphins.
And it's also ironic that Fergie was approved as an owner on the very day that you made your statement against Rush Limbaugh.
And I would point out for the committee, the statement that Rush Limbaugh made is this, that seems to be the one that survives the criticism.
And that is, I think what we've had here is a little social concern in the NFL.
The media has been very desirous that a black quarterback do well.
They're interested in black coaches and black quarterbacks doing well.
McNabb got a lot of credit for the performance of the team that he really didn't deserve.
Close quote.
Now, I've scoured this quote to try to find something that can be implied as racism on the part of Rush Limbaugh, and I can't find it.
There is an implication of racism on the part of the media.
That's the only quote that seems to survive the scrutiny of Chase checking back original sources and at least nine quotes that were alleged to Rush Limbaugh.
And by the way, of those, eight are complete fabrications.
They're not based on anything.
They're not a misquote.
They're not a distortion.
They're a complete fabrication.
And the one that remains stands true and shines the light against the media, not against Rush Limbaugh.
And so if you're concerned about this, Mr. Goodell, then I'd ask you: you know, are you prepared to level the same charges against Fergie and J-Lo, or are you prepared to apologize to Rush Limbaugh today?
How about that?
I mean, that is just that just doesn't happen to me.
That just doesn't happen to me.
And I had no idea this was going to happen.
And I was just overwhelmed by it.
Here is the Commissioner, Roger Goodell's answer.
Let me try to take this in a couple of different directions.
First off, my comments at the annual meeting were directed about specific comments he made about Donovan McNabb.
And I made the point, and I will make it again here today, that the NFL is about bringing people together.
It's about unity, and that we do not move towards divisive actions.
And in fact, our teams, I think, have demonstrated that both on and off the field.
Nothing brings a team and a community together better than the NFL.
Now, that fucked, there's no other way to characterize that answer other than weasel.
That was an absolute weasel.
Rush, Rush, don't you know?
Don't you know?
You're destroying any chance you've got to get destroying any chance I may have of ever getting back in a league.
There's no chance.
I don't want any part of the National Football League anymore.
That's not the point here.
King made it clear that that quote about McNabb was about the media.
It was not about McNab.
It was the media obsessed with McNabb's skin color, not me.
And yet, Goodell says the annual meeting were directed about specific comments he made about Donovan McNabb.
I've explained this.
The production meeting, the day before this program aired on ESPN, my role is to disagree with the main panel when they're chatting about whatever.
And if I disagree, then that's when I jump in.
That was what my job was.
So in the production meeting, we plan the segments.
They tell me what they're going to be talking about, and they sort of rehearse.
They start sharing ideas back and forth.
I, of course, don't say anything because my role is to surprise them.
And there are two segments on McNab and the Eagles that are planned for the next day's show, that's Sunday.
And the theory and the, not the theory, the impetus behind both segments was what's wrong with McNabb?
I remember Chris Berman saying, I just got up to Andy Reed, the coach.
He doesn't know.
Everybody, what McNabb is at a slow start to the season.
Eagles were not doing it.
It was the topic of the league.
It was everybody.
And I'm listening to these guys, and I'm planning, okay, here, if they're going to say that, this is where I'm going to throw my little red flag and jump in.
Which I said, I don't think there's that much wrong with him, you guys.
He's a little bit overrated, I think.
Sports media, NFL.
And by the way, what's wrong with wanting black quarterbacks to succeed?
I didn't even say that that was wrong.
Anyway, the conversation then continued with Steve King and the Commissioner.
But, Mr. Goodell, were you considering those other eight quotes that I referenced when you made your statement, or were you considering the one that is true, the one that I've read to you, and the one that doesn't shine a negative light on Rush Limbaugh, but upon the media?
I'm not shining any kind of a light on Rush Limbaugh here.
I'm not an expert on all of his quotes.
And I would try to reinforce to you something I said at the time.
He was not even under active consideration as an NFL owner.
I've stated this several times before, that we had not started a process to review ownership groups.
They had not even determined to sell the St. Louis Rams.
Speaking directly of Rush Limbaugh, you said the comments that Rush made specifically about Donovan, I disagree with very strongly.
I do.
You are speaking great.
Because I think Donovan McNabb is an outstanding young man.
He's an outstanding quarterback.
It has nothing to do with the color of his skin.
All right.
Now, this is just stunning.
This man, Roger Goodell, is a total weasel.
He had no answer.
By the way, he did no answer about the Dolphins owners, Fergie and J-Lo.
He had no answer about the lyrics of their songs.
He had no answer.
So he wouldn't even address the question.
And he got on his high horse about how McNabb's a fine player and a fine person.
And it has nothing to do with the color of his skin when A, I never said he was not a fine person.
I never said he was a bad quarterback, just that he was overrated, which I don't think is deniable.
And C, that the media was obsessed with the color of his skin, which is also undeniable.
Not that I was.
And this business about the Rams, if what he says, we had not even started a process to review ownership groups, then, well, then what the hell is this all about?
Why did he jump in with a comment about me not being qualified to be an owner?
The process has started.
The first bids for the Rams were submitted August 16th, and then if you qualified, you get to the next process where the due diligence process, and it's going on right now.
Whatever groups are bidding on the Rams are looking at the Rams.
The due diligence is happening what he's talking about here.
Now, the Rosenblum family may decide not to sell at the end of the day, but they've hired Goldman Sachs to have people come in and make bids and to review whether it would make sense to sell it if they could get the price they want.
So the process has begun.
Now, there was also another process here that was denied, and that is the actual vetting.
Once a final group is chosen, and if an agreement is made for that group to buy it, then the vetting process begins, and then you get to the owners voting on it, and 28 out of the 32 have to vote.
Maybe he's talking about that.
We had not started a process to review ownership groups, but they most certainly had formed a process or started a process to make sure I wasn't part of anything.
I find it very interesting that none of the other members of the other groups are known.
I find it very interesting.
There may not even be any other groups other than the one I was part of, asked and invited to be a part of, by the way.
But I mean, this is, I can understand he might have been caught off guard.
He thinks he's up there talking about concussions, but he's acting like he had one while answering these questions.
So King closed it out this way.
I'll just close with this.
Here are Rush Limbaugh's position.
And after 20 years on the radio, there's nothing there that would undermine this.
He says, my racial views, you mean my belief in a colorblind society where every individual is treated as a precious human being without regard to his race.
And I'll close with that, Mr. Goodell.
And I'd ask you to go back and take a look at the owners of the Dolphins and the language that's in the public venue, the songs that they've recorded, review those lyrics, and I'll provide some of those lyric songs to you.
And I'll ask you to come back and respond to that question after the hearing as to whether you'll put the same scrutiny on those owners who have really shined a negative light on the NFL as opposed to somebody that the NFL apparently just doesn't agree with his politics.
I yield back.
Steve King, Congressman, Republican Congressman from Iowa.
I cannot, I cannot thank him enough.
And this, he, his staff, I mean, I had no idea this was going to happen.
I did not communicated with them.
And I probably wouldn't have happened if Sheila Jackson Lee hadn't made a little speech during her time about ownership.
She didn't mention my name, but she had gone to the House floor on a previous occasion to do so.
Now, let me say something about McNabb here.
You know, I respect Donovan McNabb.
I always have, as I respect all of the elite athletes that are qualified to play in the NFL.
I'd love to have a beer with McNabb and discuss football.
I'll talk football with anybody that plays the game.
I love it.
My job on that ESPN pregame show was to disagree with the panel when I did.
And I just expressed my opinion.
I was the voice of the fans, so to speak.
So, look, it's all water under the bridge here.
But the, you know, I think I was thinking about this last night after I had seen the YouTube video.
By the way, we've linked to the YouTube video here at rushlimbaugh.com.
You can see this.
And I was told by some people that the commissioner was really taken by surprise.
The camera's not on him very much because Congressman King's questions are quite lengthy and the camera's on him.
But some people were there, said that Goodell visibly squirming around or what have you.
And he was sitting right next to the Players Association director, DeMorris Smith, the Obamaite that's now running the Players Union.
And that's really what this is all about, the collective bargaining agreement coming up.
And the DeMarie Smith saw an opportunity here to use some leverage against the league.
And of course, it worked in this case.
But, you know, when Congressman King quoted me from my Wall Street Journal piece, my racial views, you mean my belief in a colorblind society where every individual was treated as a precious human being without regard to his race?
You know, it really is true.
I've always believed in this notion of colorblind.
And that's why I treat people the way I do.
I do not treat people differently based on what their skin color is or what their sexual orientation is or what their gender.
And I assume that most people are intelligent.
And maybe I have missed the boat in assuming that everybody else wants a society that's colorblind.
And maybe what I'm learning is that there are people out there who say they want a colorblind society in no way mean it.
And I'm thinking, yeah, it's a good thing.
It would be a great objective.
And so I'm out there living it.
And that, of course, dictates a lot of how I behave, what I say.
I think people are people first, Americans.
And then all these other hyphenated things come into me much later.
It's like somebody's, don't you, Jamie Gangal, NBC, aren't you really, aren't you overwhelmed with the first black press?
Yeah, it was great, but I got over it in five minutes because his policies matter more to me.
I don't see him as a black guy.
I see him as the president of the United States has got policies here that I really want to fail.
And not because of the color of his skin, but because of his policies.
There are people who want to turn that around and go, oh, it's racism.
And I sadly predicted all that would happen too.
They asked McNabb, by the way, his daily or weekly meeting with the press.
They're playing the Giants coming up.
And I think a New York reporter asked him this question.
Speaking of tuning in, what was your reaction to Rush Limbaugh being turned down for NFL ownership?
No comment.
Really?
You don't have a reaction?
All right, I got to take a break here because I'm way long in this segment.
Sit tight.
We'll be right back.
Don't go away.
By the way, Rick Brukheiser is editor at National Review.
Snerdley, would you do me a favor?
Go to Amazon, somebody out there.
Brookheiser has a great book on William F. Buckley Jr., growing up with him in terms of working at National Review.
And I'd like to mention the name of the book.
Brukheiser, this is relevant here.
It's fascinating.
He posted something at their blog, The Corner, at National Review Online yesterday about New York 23.
And this is exactly right.
And it's based on the fact I was telling you a couple of days ago, you can't look at New York 23 as a sign a third party would work.
There was no primary here.
Primaries are key.
Primaries are how party bosses are overruled.
Primaries are how bad candidates are weeded out.
And there was no primary here because this is a special election.
Had there been a special election, Hoffman would have run against Scazafava and probably won, but he might have lost.
But that would be it.
Then the Conservative Party would have gotten into gear.
Then this is where Brukheiser's comment is fascinating.
Brukheiser, I have been voting in New York State all of my adult life, and I campaigned in them even earlier.
I sold candy bars for Jim Buckley in 1970 as Bill Buckley's brother.
The contest in New York 23 is what the New York Conservative Party was made for.
The state's cross-endorsement policy means that the conservatives and its left-of-center mirror images generally function as pressure groups, not third parties, supporting major party candidates they like or undermining those they don't.
But sometimes the major party picks a candidate so egregious that the minor party must and can go all out.
So it was with James Buckley versus Charles Goodell, Roger Goodell's father in 1970 and with Al D'Amato versus Jacob Javits in 1980.
Early conservative support helped D'Amato win the Republican primary, leaving Javits to run only on the liberal line.
So it is in New York 23 now.
Vote for Doug Hoffman.
So the Conservative Party is not a third party.
They join the Republican Party when the candidate's good.
They oppose when not.
Now, James Buckley was a senator from New York, and he was the brother of William F. Buckley Jr.
He opposed Charles Goodell in 1970, Roger Goodell's father.
Charles Goodell was a Didi Scazafaza type of Republican, a Republican in name only.
James Buckley ran on the Conservative Party ticket because Goodell was the less than true Republican.
And of course, Buckley won.
Which, I don't know if Roger Goodell still carries a grudge against conservatives because of what happened to his father, but hell's bells, folks.
Anything's possible.
All right, the name of the book, Right Time, Right Place, Coming of Age with William F. Buckley and the conservative movement, Richard Brukheiser.
And as a powerful, influential member of the media, he sent me advanced copy.
It's been out a while.
So, but it is written from somebody close up and a true disciple believer of conservatism and William F. Buckley Jr.
And I tell you, if you liked the Reagan soundbites from his Goldwater speech yesterday, treat yourself to Brookheiser's book because it's a trip back to the foundations of conservatism today, and it'll inspire you and motivate you.
I got to take a quick time out.
Be right back.
Snirdly just asked me if I've ever met Goodell.
Yeah, I have met Roger Goodell.
It was in Pittsburgh back in January, the AFC Championship game.
I was on this field during the sidelines.
I was a pregame and walking back to the elevator to get back up to the press area.
Somebody said, Roger Goodell's coming.
And I turned around and he said, Hi, how you doing?
Introduced himself.
We had a nice little short little chat.
No, he didn't.
He didn't.
No, he did not give any empty.
I didn't, as I remember it, I mean, my back was turned.
I didn't know that he was even there.
Somebody told me that Goodell looks like he was coming right at me.
At any rate, no, he didn't.
You know, he didn't say he hates conservatives and he didn't say he didn't.
He said, hello, Mr. Divisive, how are you?
He didn't say that.
He was nice as he could be, which is one of the reasons when I was told that the, well, never mind.
I want to share with you what Goodell said on the day the owners approved Fergie as an owner of the Miami Dolphins.
Steve Ross is the primary owner of the Dolphins.
Fergie is one of these minority investors.
Steve Ross is providing tremendous leadership, Goodell said.
I think he's bringing an ownership together that reflects the diversity and spirit and determination of the South Florida community.
I don't represent diversity.
I'm in South Florida, and I'm certainly diverse from Fergie.
Anyway, folks, these emails keep pouring in.
I'm not kidding.
Rush, thank you again and again.
My computer got wiped clean by a fellow working on it.
I was horrified.
And then I remembered I had followed your advice and I had Carbonite.
I wasn't any longer horrified.
As you know, it works.
Everything has been restored.
I'm happy as can be.
You always steer me in the right direction.
I love you, Rush.
Emailer's name is Shirley.
I always love getting emails like this because it's going to happen to everybody, especially, folks, especially if you're running around out there with a PC.
Have you heard of the problems people are having trying to install this new Windows 7 thing?
It's stopping two-thirds of the way through the installation process and rebooting, and nothing's getting done, and Microsoft can't figure it out.
Why would you release it?
I mean, you nothing against PCs.
I mean, Macs have similar problems here with losing hard drive data.
Regardless, it's going to happen to you.
And if you're not backed up, it's devastating.
Carbonite, safely, securely automatically backs up your hard drive off-site whenever you're connected to the internet.
That's so many people.
He sends me these emails.
I forgot that I had it because you never see it work.
It's always in the background.
Whenever you're connected, it's backing up.
You don't have to do anything.
It's always there.
And restoring your files is easy too.
It costs us $55 a year.
That's less than $5 a month.
And if you go to Carbonite.com and use offer code Rush, you'll get a free 15-day trial and two free months if you decide to buy.
So it really won't even cost you $55.
Get Carbonite today, Carbonite.com, offer code Rush.
Edmonds, Washington, Tony, hello, and welcome to the EIB Network.
Great to have you here.
Guess Tony's not there.
Where do we want to go next?
Somebody, we're going to Louisville.
Always love going to Louisville.
Ken, welcome to the program.
God love you, Rush.
Been listening since you started out in August of 88.
Thank you very much, sir.
Appreciate that.
Well, I want to point out something I haven't heard yet.
You know, the states having to opt out of this is not going to happen for several reasons.
One is, if you have to overtly, positively opt out of something, it's going to take the House and the Senate and the governor to agree to opt out.
Otherwise, you're in.
The second thing is, the states have been sucking wind when it comes to tax revenue, and it's getting worse.
They have huge personnel systems, and the biggest cost they have going out of control is their health care plans.
So if they opt out, they opt themselves out, and so they're still going to suffer from those budget problems.
So they're going to take the short-term relief of opting in by dumping their own systems.
We're talking about state government, we're talking about the school systems, the local governments.
We're talking about hundreds of thousands of people in the small rural state.
So there is no way that they're going to take the financial hit by opting out of the system.
Exactly right.
Exactly right.
There is, it's going to be structured in such a way that they can't opt out.
But even if they do, it doesn't matter.
It's still going to cost everybody in the state that opts out all kinds of new taxes and so forth.
Because I'm sure that somebody is going to keyword search the latest Pelosi bill.
And we're going to find how many times the word tax is mentioned in this thing.
Because in addition to this being a supposed health care bill, all this is, and the Senate version, Dingy Harry's bill, too, is just its brand new levels of taxation at every stage of your life, at home, in your personal life, in your personal and your business life as well.
The word shall is mentioned 3,425 times in the Pelosi bill.
The Ten Commandments.
As Ted Coppel used to say, by the way, not the 10 suggestions.
Ten Commandments.
Ten Commandments.
And shall is mentioned 3,425 times in the health care bill.
Here is Tony in Edmonds, Washington.
I guess we got you back.
Hi, Tony.
Welcome to the.
Hi, Rush.
Yeah.
You know, on watching these guys, these zealots trying to cram this bill down our throat.
I mean, one has to ask, why are they being so pigheaded about this thing?
And I think we need to consider the expansion of the unions if indeed they're able to pass this.
And it'll be so invasive.
It's not just going to be the hospital worker or the clinical worker in your doctor's office.
But if you hire someone to come in and take care of your mom because she has Alzheimer's in your house, that person will be a federal employee or linked to the federal unions to the point that you won't be able to hire someone that isn't linked to the federal system.
Yeah?
Yeah.
You know, there are many possible motivations for why you say they're being pigheaded, whatever you want to call it, why they're going to do this despite overwhelming number of people who oppose it.
Why are they going to do it?
I think it's important for people to understand the main reason.
We can say, oh, yeah, there's political benefits.
They're going to strengthen the unions and they're going to do all these other crazy things.
Folks, those are sideshows.
Of course, they're going to be nice to their constituents.
The trial lawyers are not going to get hurt, the unions and so forth.
You've got to understand who these people are.
These are Marxists.
These are fascists.
This is being done for the express purpose of totally controlling as much of your life as they can.
I don't want to believe that.
People, I don't want to believe it.
I know you don't want to blame it.
A lot of people don't want to believe it.
It doesn't sound American.
Trust me on this, folks.
That's what is motivating this.
It's not that they feel sorry for people who don't have health insurance because that could be fixed tomorrow.
With hardly any money compared to this trillion dollars or $2 trillion or whatever.
It's not about making sure that 60% of the children who don't have health care get.
It's not about that at all.
There are all kinds of smarter, faster, more efficient ways of insuring people who aren't insured.
This is about destroying an element of the private sector and putting it under government control.
Led by a bunch of people who are as narcissistic as Obama is, who think Barney Frank actually thinks he could run the medical system better than the experts in it.
He thinks he can run the banking business better than the experts in it.
They think they can run every aspect of life better than the experts who do it.
And they want to because they have contempt for average people.
You know, I listen to myself sometimes.
Other times I'm too busy talking and thinking ahead to my next point, but sometimes I stop and listen to myself.
And when I stop and listen to myself, you know what I realize about myself?
I'm the one standing up for the little guy here.
I'm the one standing up.
And all of my brethren and sistering in talk radio and all of our solar, we're the ones that stand up for the little guy.
We're the ones trying to make sure the little guy doesn't get the shaft.
It's the Democrats and the American left who are targeting the little guy under the guise of targeting the rich.
We're the ones standing up for the little guy.
We're the ones who do not see skin color or what have you.
By the way, you know what?
I said I'd have a beer with McNabb.
How about a beer summit?
Show how great unifier Obama is.
Beer summit with me and McNabb.
And we're back.
Welcome back.
Great to have you here, Rush Limbaugh, serving humanity simply by showing up.
In that exchange with Steve King, Congressman Steve King from Iowa, Roger Goodell, Roger Goodell said yesterday, after King had read him the McNabb quote and after he had put it in context, having explained it was not about McNabb it was about the media.
There was no racism in it.
Goodell said, I'm not shining any kind of light on Rush Limbaugh here.
I'm not shining any kind of light on Rush Limbaugh.
I'm not an expert on his quotes.
And I would try to reinforce anything I said at the time.
He was not even under active consideration as an NFL owner.
This I stated several times before.
Well, then why was he asked about my potential ownership if I was not under consideration?
Because October 13th in Boston, the NFL fall meetings, Goodell said this about the possibility of me buying the Rams.
Somebody brought it up, even though he says, I mean, look at, he can deny it all he wants, but he passed judgment on the issue, even if he wants to say I wasn't under active consideration, which is not true here.
The views of a lot of people, most importantly, are players, and I've talked to players, so I understand the issue of the players.
And the comments that Rush made specifically about Donovan, I disagree with very strongly.
And it's a polarizing comments that we don't think reflect accurately on the NFL or our players.
And I don't, obviously do not believe that those comments are positive and they're divisive.
And that's a negative thing for us.
But I disagree with those comments very strongly, and I've told the players that.
October 13th of this year.
But he told Congressman King yesterday that I wasn't even under active consideration as an owner.
Process hasn't even begun to review ownership.
Process hadn't begun to review ownership.
Well, he just basically reviewed it and summarily passed judgment that I'm not qualified, even though I wasn't under active consideration.
He did it.
He fired the bullet.
He was asked another question.
He said this.
Divisive comments are not what the NFL is all about.
And so, you know, I would not want to see those kind of comments from people who are in a responsible position within the NFL.
No, absolutely not.
So I wasn't even under consideration, he says, but that comment signals the league would reject me.
So, you know, deny it all he wants, and he's sticking that template with this McNabb quote when he knows full well.
Everybody who heard that quote knows full well what I was talking about.
Anyway, folks, according to the NBC affiliate in Birmingham, the Jefferson County Sheriff's Office Identity Theft Unit in conjunction with authorities from across the country and the Identity Theft Task Force pleased to announce the capture of a major identity theft offender.
The identity theft unit began an investigation into where a local victim's identity was used in Mississippi to withdraw money from the victim's bank accounts.
This offender has been continually traveling and victimizing people across the country.
So far, eight victims have been identified.
Now, I mean, Ben Bernanke, the head haunch of the Federal Reserve, his identity was stolen.
And something like, I forget a million and a half or two million dollars was involved.
Nobody's going to stop all identity theft.
But when I see articles like this, I mean, the first thing I think of is lifelock.
And I put them in a lot.
I got a little lifelock stack here when I see articles like this.
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$10 a month.
Actually, it's less than that.
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Use promo code RUSH to save that additional 10%.
Folks, tight economic times like this, scams, thievery, identity theft is a path of least resistance to a lot of people.
Here's Tony, Wichita Falls, Texas.
Hello, sir.
Hello, Rush Dittos.
Hi.
I'd like to speak to you a little bit about the first hour when you were talking about the gross domestic product equation.
There's actually another element in that equation, and that is net exports.
And since Bernanke, Geithner, and Obama got in office, they've been exploding the amount of currency being printed, and that has massively devalued our dollar.
When you devalue our dollar, you can basically make our products overseas cheap to the Europeans, the Japanese, and whoever will buy them.
And so the way I see it, the only two people that are really benefiting from all this stimulus stuff is our government, who's on spending-free, and the foreigners who are getting all of our quality products at a very, very cheaper price because we have a devalued dollar.
Yeah.
Well, exports, there's no question exports are a function.
I'd rather focus on exports when talking about the trade deficit.
my formula for explaining this this fraudulent fake growth number 3.5% today.
I'm not going to tamper with it because it was brilliant.
It is the most sensible, easy to understand explanation of what GDP is.
GDP equals CIG, consumption, investment, government.
Government spending is also part of GDP.
Now the growth that we've had that they announced 3.5% It's all from government spending It's all from government borrowing There is no consumption increase.
There is no investment businesses investing.
There aren't any inventories Try out and buy something.
They'll have to order it for you.
We'll be back You know, I just realized I've I forgot to mention today Andrew Revkin, the New York Times reporter who's thinking seriously about capping families at one child to reduce carbon emissions.
And I urged him, show us how it's done.
You know, go die.
He was profoundly offended by this.
And I was going to address it today.
I forgot.
I got it right here.
So I'll put it on the top of tomorrow's stack.
I'll get to that.
And Open Line Friday tomorrow.
We'll try to take more phone calls then.
So see you then.
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