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Dec. 3, 2009 - Rush Limbaugh Program
36:44
December 3, 2009, Thursday, Hour #2
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Welcome to today's edition of the Rush 24-7 podcast.
By the way, uh uh, as we learned from a caller in our job summit in the previous hour, who's self-employed?
Self-employed people do not get unemployment benefits.
They don't get unemployment compensation.
In a sense, you could say that they are targeted.
It's all part of the war on individualism and entrepreneurism that's being waged by uh the Democrat Party and the Obama administration.
Greetings and welcome to a real jobs summit happening here on the Rush Limbaugh program on the EIB network, and we're talking to people today who are either unemployed or are um small business owners who are having to let people go, talking to them about why they're doing it and what it would take to start hiring people again.
Telephone number is 800-282-288-2, and the email address L Rushbaugh at EIBNet.com.
Here's here's something really laughable.
At the top of the hour, I've been sitting here, I'm looking at television.
Well, I was in Snurley's office looking at television, and and I was watching MSNBC, and they're talking to the governor, who was the architect of the highest unemployment rate in the country, Jennifer Granholm in Michigan.
The Michigan unemployment rate is 15.1%.
Probably a little higher than that, even.
If you if you count the U6, people have given up looking.
Now, what is the architect of the largest highest unemployment state in a country doing at a jobs summit?
What in the world can she tell anybody up there about creating jobs?
Oh I forgot.
Robert Gibbs said job creation is not what this is about.
No, this job summit's not about that.
What this is about is putting more demands on the private sector.
That's what this is about.
These people, these academics, and these Ivy Leaguers who have no experience at all in the private sector, are going to figure out ways to target all this on the private sector and blame them for what's happening.
You watch.
That's what's going to be the end result of this.
Let's go to some audio sound bites.
Suzanne Malvo, CNN this morning.
The uh infobabe talking to her said, What exactly is today's event all about?
We've been waiting for it.
It was announced a while ago, and today's the day.
We're getting new details uh from the White House about this event.
We know that the president and the vice president are going to be meeting uh with some CEOs of some top companies, Google as well as FedEx, but also union leaders as well as academics, all of them basically getting in a room together, breaking up in smaller groups as well to talk about some things that the government can do to help the private industry create more jobs for the American people.
The president's actually going to talk in individual groups to some of these leaders.
He's also going to take questions we're told from the audience later in the afternoon, open up the floor to questions so he can actually see if they can generate some ideas.
No major announcements, Heidi, that we're expecting out of this uh jobs forum today.
Really, it's more like a kind of a talking session, if you will.
Well, all of these things are just they're just they're just uh a show conference.
This is just a show.
This is what community organizers do.
They sit around, they have these little focus groups, and after two or three hours, they come out and admit the problem solved.
At the top of the list, you heard liberal professors and union leaders with their historic record of creating jobs.
Union leaders and academics.
You know what they should have done?
A test for potential experts, one simple question.
Would you increase jobs for any inner city teenagers by increasing or decreasing the minimum wage?
But the correct answer to that doesn't fit the mold of what Obama wants to do, so that question would not be asked.
Moving on with the audio sound bites, Valerie Jarrett, who is um bad news.
This this woman is the alter ego of Barack Obama.
She was on the Today Show today.
Meredith Vieira said, You've heard the critics say this is just another forum.
The uh president's held a lot of these since taking office, and it's nothing more than a PR stunt.
What specifically can this forum do to create jobs?
We would welcome the critics to come down and help us with constructive ideas as well.
I sent out a broad email a couple of days ago, inviting everyone who has constructive ideas to work with the White House.
I think what's good about today is it's clear that government alone can't solve this problem.
It has to be a partnership with the private sector.
Long-term sustainable growth is going to come from businesses investing in our country and growing the economy.
Let me talk very optimistic, Meredith, that today will be a productive day.
You know, this this do they think that we are idiots?
They do.
They must think that we're idiots.
This is not what she believes.
Or they would not have wasted all this money in the stimulus and told everybody that the government is it was Obama himself said that government's the only place capable of dealing with this.
And that was one of his selling points before getting the stimulus passed.
And now she's out there, well, we're saying we're saying government alone can't solve the problem.
Obama doesn't think that.
She doesn't think that.
And by the way, there aren't any critics in there.
They're not letting the Chamber of Commerce in there.
They're not letting the um in uh Federation of Independent Business in there.
They're not letting private sector people got a couple of CEOs for show.
One of the CEOs is a big leftist anyway, the Google guy.
So uh on CNBC's squawk box, Valerie Jarrett showed up over there too, and they got the question here part of the tone of anger is the disconnect between how players on Wall Street and Main Street, big profits and bonuses of the Goldman, a quarter of the children in the country on food stamps.
Does the president believe those profits are a necessary evil to get the economy on track?
Does he regret the amount of money made on Wall Street?
Is it important that we have a healthy banking industry in order for Main Street to thrive?
Absolutely.
That's why the president was so supportive of the steps that we took.
And look, Bank of America paying us back in full, paying us over a couple billion dollars of interest which go to the benefit of the taxpayers.
Were those steps necessary?
Yes.
Now, as the stocks of those banks have gone up and as a general economy is rising, people's 401ks are increasing in value too.
I have senior citizens as parents who watch their 401k every single day.
Uh just don't know what to say.
That's why the president was supportive of the steps we took.
The president was supportive of the steps we took.
From the Heritage Foundation, their morning bell blog today, the road to recovery begins with the end of Obamacare.
When Obama was trying to sell the stimulus plan to the American people, there was no louder cheerleader than Mark Zandy of Moody's Economy.com.
Zandy confidently produced scientific tables, purporting to prove that for every one dollar the Obama administration gave to states, GDP would grow by exactly a dollar thirty-six.
Zande later produced an analysis claiming that Obama's stimulus would create 2.2 million jobs.
Isn't it interesting how we we get scientific tables in anything?
Scientific tables in politics, scientific tables in economics.
And it's all bogus.
But as millions of Americans now know all too well, Zande was very, very wrong.
Obama's stimulus has completely failed to create any jobs.
Instead has witnessed more than four million jobs lost this year.
Commenting on the state of the U.S. economy, Mark Zande says to USA Today, it's getting increasingly unusual that we're not seeing a hiring kick set in.
Increasingly unusual.
It's like it's a curiouser and curiouser.
It's getting increasingly unusual.
We're not seeing a hiring kick set in.
Now, if Zandy and his allies on the left want to figure out why the economy is not creating any jobs, they need to put down their failed Keynesian formulas and talk to real business owners and executives, which is what we are doing today.
Executives like Dan Demico, CEO of Steelmaker Newcore Corp.
Who told the Wall Street Journal companies large and small are saying, I'm not gonna do anything until these things, health care, climate legislation, go away or are resolved.
In other words, Obama could go a long way to creating jobs.
If today at the summit he said, I am halting all talk and legislation on health care and cap and trade as of this day.
It is all off the table.
If he did that, if he just, you know, we're gonna delay it.
I'm gonna stop action on this until we get our economy going again.
If he just said that, you would not believe the business attitude and climate change that there would be.
And if there was talk of a few tax cuts for small businesses, the same thing would have happened.
Now, these businessmen have every right to be worried as we've detailed before the Senate health care bill currently being debated in the Senate would be a disaster for the U.S. economy.
All told, the Harry Reid bill raises taxes by $370 billion over the next ten years.
Many of those taxes starting to be collected this year, with unemployment at 10.2% and rising.
Worse.
The bill includes a job-killing employer mandate, which taxes companies for hiring people.
Specifically, companies with more than 50 employees that do not offer a health plan approved by federal bureaucrats will be forced to pay a $750 per employee job tax.
The Reid bill acknowledges it is terrible public policy for small businesses and tries to address this problem by including a small business tax credit to minimize the impact of the job-killing employer mandates and regulation-caused increases in private health insurance premiums.
But the tax credit only lasts two years.
It largely excludes small business owners, small businesses with high average payrolls, and firms with 25 or more workers.
So essentially, after all exclusions, the only eligible firms are those firms with 10 or fewer workers, as well as those with low-income workers, the least likely to offer coverage even with a significant price reduction.
And the Reed Bill's employer mandate is especially punitive on poor families.
Firms that hire an employee from a low-income family who qualify for an insurance subsidy are charged a tax penalty of $3,000.
So a company could save $3,000 by hiring, say somebody with a working spouse or a teenager with working parents rather than a single mother with three children.
Worse.
Companies only have to pay $750 an employee instead of $3,000 if one quarter of employees are low income.
This is absolute nightmare.
There's no way anybody's going to be able to keep up with the complexity of this.
Everybody is going to be in violation of the law once this bill is passed and signed into law, if it is.
It's 2,000 pages in the House.
It's 2,000 pages in the Senate.
Nobody knows everything that's in it.
Well, nobody voting on it knows everything that's in it.
The people at the Heritage Foundation have combed through it.
They know everything that's in it.
And at the time you finish it, the conclusion is you are going to be in violation of the law somehow, somewhere.
It's not going to be possible to avoid being in violation of the law.
There's simply too much for everybody to know here.
And ignorance of the law is no excuse for breaking it.
So businesses sitting around and believe me, folks, the people who are entrepreneurial enough, energetic enough, ambitious enough to want to start a business based on a passion that they have are also smart enough to try to figure out what's ahead of them on the road.
People that run businesses try to fix as many long-term costs as they can.
That's why they make long-term deals with suppliers, long-term deals with uh employees, unions, because they need to have a handle on their fixed costs for as long as down the road as they can.
It's the only way they can operate and make an attempt showing a profit.
And with all that's going on now, the health care, they cap and trade, and who knows what else is, you know, the income taxes going up.
The Bush tax cuts is uh sunsetting, uh, the inheritance tax going up.
I mean, all kinds of new taxes, carbon tax, whatever they are, nobody can get a handle on the lay of the land.
Nobody knows what's ahead of them.
And this job summit today is not gonna clear up anything because it's not about clearing anything up.
It's a show designed to Make people who look to government as their salvation and solution designed to make people look at Obama as working hard for them, trying to get them a job.
When it is Obama and his policies, and the entire legislative agenda of the Democrat Party, which is destroying the private sector and bringing to a standstill any effort at growth.
We'll be back.
Welcome back, Rush Limbaugh on the cutting edge of societal evolution.
The uh head of the Secret Service asserted today the security breach at the state dinner last week was in aberration.
And President Obama never at risk.
Mark Sullivan said three uniformed officers have been put on administrative leave.
The chairman of the House Homeland Security Committee, Benny Thompson, said the country's fortunate the affair didn't end in a night of horror.
I'll tell you, this this is such a shameless bunch.
From what we're told, this is the first time that the White House did not have a person from the social office at the checkpoint, making sure that people on the list were the ones that showed up.
The social office is responsible for the event.
They've had people at the gates to verify the attendees.
Now I I don't know how everything happened here, but I just, folks, I cannot believe.
I just some things just stretch beyond incredulity.
And I cannot believe that three Secret Service people would let unnamed, unidentified, uncleared people in to the White House for a state dinner without a wink and a nod from somebody.
The couple said they wanted to cooperate.
Now they're not showing up to testify.
The White House is not letting the fired social office person show up and testify.
So they're having hearings with no witnesses.
But this stinks to holy hell.
I'm waiting, I'm waiting for the next Gary Aldrich.
There's going to be a Gary Aldrich.
Remember the FBI agent that wrote the book, What Was Going On in the Clinton White House?
He was savaged.
Somebody is going to do that with what's going on here.
The military is being disrespected.
The Secret Service is being disrespected, and these are the people who put their lives on the line for this guy.
All right, back to the phones, because it is our jobless summit, Dearborn Heights, Michigan.
Steve, welcome to the program.
Great to have you here.
Don't think it's going to turn this state around is by going pretty much tax-free on industry for like lock it in for like 10 years or 20 years.
The people are losing their houses, they're setting them on fire up here.
It's in the news, and I've looked, I mean, I go over to neighborhoods and I see it like in Detroit.
It's just unbelievable.
It's like back in the back in the early 80s when they would set their houses on fire during devil's night.
It's going on again.
The houses are stripped and then they're set on fire, and it just the whole state is coming apart the way it looks.
Well, your uh your governor is at the job summit.
Uh I would assume your governor is advising Obama uh on various aspects of job creation here.
She's a joke.
I I never would I don't vote Democrat.
I mean, I try to pick the right person that's gonna do the most good, you know, but it's the state of soul underwater.
It's just it's disgusting.
This is today.
This is this is why, you know, I I I keep going back to two episodes in America, recent American history.
We were in a recession that had numbers, unemployment numbers and job growth numbers are pretty similar to this, uh, given in the in the early 80s, 1982 specifically, and it was the result of four years of Jimmy Carter.
And what we've got here is Jimmy Carter's second term with one exception.
Jimmy Carter was a bumbling fool.
This guy is not.
This guy's doing it on purpose.
He and his people are doing it on purpose.
Now, I think we know what the blueprint is for coming out of the a recession in the 80s.
We know about the massive tax cuts.
We know about the employment gains that happened.
We know about the the uh GDP that rose.
And if you go back to the early 90s, you can even use that.
The worst economy in the last 50 years, the Clintons said during their campaign of 1992.
It was a mild recession, very mild.
Worst economy in the last 50 years.
So they get elected.
1993 they start their health care push.
And nobody wants it.
Nobody wants it.
And even though the recession was over, there wasn't a whole lot of economic growth going on.
Clinton had announced his retroactive tax increases of doing health care.
Then it all blew up on him.
1994, the Republicans came in and won the House, first time in 40 years.
First thing they did was cut the capital gains tax, start balancing the budget, and look at what happened in the 90s.
Clinton gets all the credit for it, but it was the Republicans taking over the House that led to another boom.
Everybody knows.
That's why I say everybody in the economic sense of literacy knows that this is not what you do.
None of this is what you do.
I conclude thus, it has to be purposeful.
All righty, according to CNN Money.com, here are some of the leading ideas under discussion at the jobs summit at the White House today.
Offering a payroll tax holiday.
That would temporarily suspend the 12.4% tax on people's first 106,800 of income.
Sterdley, anybody think at the end of this summit we're going to get a payroll tax holiday?
Ain't no way.
Uh creating a new jobs hiring credit.
Let me tell you how that's gonna work.
Because they've this is in fact, this is already in the stimulus bill.
Or at least it was, I don't know if it made the final cut, but it was in the early stages when they were writing it.
They want to offer small businesses a $3,000 tax credit for hiring new employees.
Big whoop.
So you get $3,000 tax credit for going out and hiring somebody, and what are you going to pay them, I don't know, $35,000,000 a year plus their health benefits package?
That's an incentive to hire somebody.
And then when they don't do it, when they don't do it, then that allows Obama to point fingers at the private sector.
Hey, we offer them tax cuts to hire and they wouldn't hire, and we've done everything we can.
We want to work with partnership.
The thing is, and I'm sure every small businessman will tell you that well, not every, because there's some Democrats out there, but they don't want to be in partnership with Obama.
They don't want to be in partnership with George W. Bush.
They don't want to be in partnership with the government.
They want the government out of their way.
They want fewer regulations.
They want fewer taxes.
They want get rid of all the red tape.
They don't want a partnership, as Valerie Jarrett was talking about in the soundbite.
Uh try this one.
Some of the leading ideas under discussion today, giving more money to states and localities to close budget deficits.
Uh, excuse me, what the hell was the stimulus?
Do you know that the vast majority of spent stimulus money went to the states to help them close their budget deficits?
Now, somebody explained to me how in the world that's going to lead to private sector job improvement.
It says here in this story by CNN that uh these budget shortfalls could cost 900,000 jobs in 2010 alone.
According to one think tank.
Was somebody explain this to me?
You gotta be talking government jobs here, not private sector.
What the hell?
Closing helped state close their budget deficits gonna help the private sector how.
And then finally, offering public service employment.
So now we get to what the real objective here is is the expansion of government.
That's what the labor leaders are going to suggest.
That's what the academics are gonna suggest.
Let the government hire people.
Let's expand public sector employment.
That's exactly what this is about, and make no mistakes.
And then there's this, the piece that are resistance of the story.
One measure that is more likely to be enacted is an extension of unemployment benefits.
One million people could lose unemployment benefits in January if Congress does not lengthen the deadline to apply for federal aid beyond December 31st.
Oh, so the job summit is going to end up expanding public sector job opportunities and extending unemployment benefits.
By the way, speaking of the self employed, not only do the self employed not get unemployment benefits, they still have to pay the tax that funds unemployment benefits.
Well, partially funds because we're not paying for anything we're doing.
Well, Obama spent three and a half trillion dollars this year, folks, and we've got a budget deficit this year alone going to be one and a half trillion dollars.
We don't have any money.
And yet we're going to expand public sector hiring.
This whole thing is just it's a gigantic trick.
The U.S. Chamber of Commerce uh Monday sent a letter to the president with seven policies that it said are crucial to job creation.
It suggested uh expanding infrastructure investment by removing regulatory and other requirements, as well as better preparing American students for future jobs and lowering tax rates on entrepreneurs, the risk takers.
And that's you know, that's another aspect of the greatness of America, American exceptionalism, risk taking, and now they're trying to take all of that out.
Oh, we've got to get rid of the risk, because Obama and his boys believe that risk is what gave us the financial crisis.
You know, Valerie Jarrett said earlier that we want to work in partnership.
The government alone can't create jobs.
We know that.
Well, Obama didn't say that.
Obama said only government can break the vicious cycles that are crippling our economy, where a lack of spending leads to lost jobs, which leads to even less spending, where an inability to lend and borrow stops growth and leads to even less credit.
Only government can break the vicious cycles, and in his view, it is risk taking on Wall Street that led to all this.
Here's Ross, uh Russin in Kern County, California.
Great to have you on the program, sir.
Hello.
Respects to you, Rush.
Uh, thank you very much, sir.
Uh yeah, I'm a bail bondsman here in Kern County, and um uh I I'm not a uh frequent listener.
I was just flipping through the dial this morning, and your subject was right on point with what I was doing, so I thought I would give you a call and uh just give you perspective from uh the small business standpoint out here.
They appreciate that.
Uh I think a lot of people that I talk to are under the impression that you know, because things are bad that as a bail bondsman, my business would would uh logically you would think it would follow that.
Would you boom me?
Would you do something for me?
Yes.
I mean, I know what you're talking about.
You're essentially saying that people think there'd be a whole lot of crime being committed out there and criminals getting caught and needed uh, you know, need to get bailed out of jail.
Would you explain uh to I mean, people are real Linda know what you do, but would you explain to others what a bail bondsman is?
Most people have not ever been charged and faced with going to jail.
Okay, well, despite what a lot of people would think about a bail bonds and what they've seen on TV, reality isn't dog the bounty hunter.
Reality is that bail bondsmen are insurance agents.
They provide policies, insurance policies that the client gives to the court to guarantee their apparent in court.
Right.
And uh, my business is directly related to uh the number of people who uh need to post policies.
Right.
So in a nutshell, that's what I do.
I I issue insurance policies, and uh my customers promise that they will make in court, and if they don't, the policy pays.
Exactly.
So that's in a nutshell is what I do.
Okay.
So you said that people would expect the bail bondsman business to be booming.
Right, because you would think logically that because the economy is bad, there would be a lot of desperate people out there, they would be committing more crimes, that sort of thing.
And and that seems to be what I'm getting.
That's not the reality, but that's what I'm getting.
And I think it might be the case, it just might not be getting caught, and the cops are running around uh chasing uh uh uh tiger and and another they may not be getting caught out there.
You know, and honestly, and in my opinion, the the boys in blue that do an excellent job, and they are catching the people.
I don't think crime is necessarily on the rise, but I think this is what is really interesting.
Most of the criminals, most of the that are died in the in the wall criminals, they usually don't make bail anyway, they stay in jail.
But it's the other half of the prison population, inmate population that I typically do business with, and Those are good people that have in the wrong place at the wrong time.
They made a mistake, and they'll probably never make that mistake ever again.
But these people typically they bail out because they've got money, they've got a job, they've got a home, they've got a family to go home to.
When you take that away from them, you remove the inspiration to make bail.
They don't care if they get out because they've got three hots and a cop right where they're at, and they don't have a job, so what's to go out to?
Are you saying I I want to understand this?
Are you you you just basically described uh uh uh a pretty decent American, just wrong place, wrong time, not a habitual criminal, uh, does not have experience encountering the uh criminal justice system, uh, but because of the bad economy, maybe underwater in his house, maybe losing his car foreclosure, commits a crime, gets thrown in jail.
So, you know what's better here than home.
I'm just not gonna go to the bail bonds and a bail myself out.
Are you saying that you have experienced that happening in Kern County, California?
Yes, sir.
I can't talk, you know, empirically nationwide, but I can tell you from my business, my business is down roughly sixty percent from three years ago.
Well, we know that crime is not down sixty percent.
No, but here's where it gets interesting, and and it's a uh uh distinction that that might be lost on some people, but basically the people that are in jail are filling up the population, that you know we don't have an increase in available facilities for these people.
So a lot of people that three or four years ago that would have normally been taken into custody and uh uh had to post bail and goes through the judicial system, the peace officers have to use discretionary decision making, and there's no point in arresting somebody when you ain't got a bed for them.
Oh man, you're getting screwed every which way possible.
That's right.
And so you'll have you have decent people that are setting there that can't make bail because they don't have money, they don't have a place to go, and you've got people that are out there committing crimes that the officers basically their their level of tolerance has to have been increased a little bit because you know there's no point in arresting them.
Wait, but they still need bail, don't they, to have to avoid fleeing the jurisdiction.
Well, yes, sir, but you've got to understand.
If you were the peace officer and you pulled over just some average uh uh man or woman, ran a stop uh uh uh stop sign and you looked in the back seat and you saw that there was a wooden baseball bat back there.
Three years ago you might have said, you know, that's possession of a felony weapon.
You don't have a ball, you don't have a glove, why do you have a baseball bat?
They may have taken you in custody for that.
Now they'll look at that and they go, you know what, that seems sort of de minimis to me, and I'm not gonna take you in.
So basically what I'm saying is you've got crimes that are out there that don't provide peace officer a lot of reasons to arrest you.
You happen to be a bailed bondsman in the right state.
I don't think things are as bleak for you as you do, because uh Schwarzenegger's talking about letting criminals out of jail uh there because uh they don't have room for any more and they can't afford them, and it's gonna open up more jail cells, uh, and therefore more opportunity for people to be thrown in, jail.
I got a prison though.
That's the prison's a different thing from jail.
You don't get bailed out of prison.
Uh how many employees do you have at your bail bondsman business?
Today or three years ago?
Well, uh three years ago and today.
Three years ago I had five.
Today I've just got me and my wife.
That's it.
Now, um forgive me for this.
I I ask questions when I don't know something, and I don't care how stupid the question sounds.
Why do you need five people in a bail bondsman's office?
Well, it's uh basically like any business, regardless if it's a bail bondsman or not.
If you have a lot of demand, you'll need to service that demand, and uh one person can't be in three different places at the same time.
Oh I thought they came to you.
Uh typically they'll eat they will either have you come to the office, the family come to the office and do the bond, or they'll meet you at the jail, or they'll even meet you at home.
But the point is is that there's no need to have five employees to be on staff when you can do the job yourself.
Right.
If they're not putting people in jail, uh Well, they're they're putting them in jail.
They're just the people that are going to jail can't afford to be able to do it.
People in jail want to stay there.
I keep for yeah, I keep them.
Man.
Man oh man.
So what, if anything, at this job summit could take place that would help you?
What what do you need to revive your business?
You know, literally, I I I think it's it's sort of the synergistic effect.
My business will only improve when yours does.
My business will only improve when the contractor down the street can hire four or five guys to go back to work, and so until the economy improves.
Well, it's like I was talking to a I was talking to one of these trial lawyers.
I have a friend of my Democrat trial lawyer.
And this this guy hates he said the worst thing that ever happened to his business was four dollar a gallon gasoline because there were fewer auto accidents.
This guy said, I need people moving.
I need movement.
You need people committing crime.
I need people that basically um can't afford the most basic of uh existence because typically I I end up giving far more credit than I used to.
Obviously, a bail bondsman charges a fee for the services he provides.
Yeah.
Most of the time, you know, I'd say that a bail bondsman would get, you know, on average, maybe 60% of the money that he's entitled to as a down payment.
They'd make payments on the rest.
Today, I would say probably 90% of the bail that a bail bonds and rights is almost completely credit.
That doesn't surprise me.
No, that that doesn't surprise me at all.
Look, I've gone along in this segment.
Um I I have to go, Russ, but I really appreciate your calling.
Thank thanks very much.
Well, I appreciate you taking the call, and like I said, I'm not a longtime listener or anything, and I hope it helps.
That's going to change since you've been on the program.
Look, it doesn't take long to get addicted to this show.
Okay, right.
You have a great day.
Okay, you did the same.
We'll be right back, folks.
Don't go away.
Hi.
Welcome back, El Rushball.
And Olimbaugh Institute for Advanced Conservative Studies.
Talent on loan from God.
Ladies and gentlemen, I wish to say something to you here very important.
I'm going to take a brief departure from uh the jobs summit focus of the program today.
Something just struck me.
Sometimes these things happen.
Well, actually, this is related to the job summit because this is what uh lit the candle, firing the neurons in my exceptional uh unique brain.
I said we all have the blueprint for coming out of a recession, 1982.
In fact, we could go back to Kennedy, John Kennedy, who preceded Reagan in making the case, the supply side case, for income tax cuts to create economic growth in the private sector.
And then I recounted the um same situation occurring in the 90s after Clinton failed with health care, the Republicans won the Congress.
And the idea what what what hippie, and then I I don't know how these things happen.
And then I flashed to who are we targeting in health care?
Old people.
Rationing the care of old people, shutting down nursing homes.
Why focus on the elderly in political circles?
The elderly have been gold.
They're the ones that show up and vote.
They're the ones you cater to.
Five hundred billion dollars in Medicare cuts for the elderly.
Why do this?
And then it hit me.
And don't doubt me on this.
Leftists, Marxists, socialists, wherever they are, are leftists, Marxists, socialists.
What's the first thing Mao Tse Tung did?
What was the cultural re took out the educated people.
He took out people who had a cultural, historical memory of China's past.
He took out the equivalent would be he killed, and Stalin did the same.
Took out the people who remembered how things work.
The left has been busy rewriting, revising the history of Reaganism in the 80s and tax cuts ever since it happened.
They have been hellbent on our population not knowing the truth, particularly the young population that was born during that period of time or ten years prior to it.
They want them thinking the exact opposite of the truth, and they have to eliminate the people who know the truth to cement their power.
Mao Tse Tung did it, Stalin did it.
Are you comparing Obama to those people?
Uh no.
Not in terms of genocide.
But they're not invited to the summit.
The people who know what to do to fix this are not invited to the summit, folks.
President Barack Obama is now addressing the nation or the media, whoever, on his job summit.
And I'm sad to say, I I called this one too, and we're working on getting the audio.
We hope to have it the top of the next segment.
But he just went out and blamed all of this on small business and their profit taking.
He just blamed unemployment on small businesses focusing on their profits and not hiring new workers.
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