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Feb. 4, 2010 - Rush Limbaugh Program
37:26
February 4, 2010, Thursday, Hour #2
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And we're back.
It's Rush Lindboard.
This is the Excellence in Broadcasting Network.
Happy to have you with us.
Well, programming note.
We will have the Hutch on a third hour tomorrow on the Friday before the Super Bowl to uh discuss the New Orleans Saints and the Indianapolis Colts on Sunday night.
It should be an interesting discussion because neither of us are particularly invested in either team.
Uh the Hutch's favorite team is the hapless Seattle Sea Hags.
My team is the Pittsburgh Steelers couldn't stop anybody in the fourth quarter since last Super Bowl is when that started.
So it'll be nonpartisan.
Uh uh nonpartisan analysis of the uh the Super Bowl coming up, we'll do that with the uh with a hutch.
All right, I put this off for an hour and I can no longer put it off from the AP.
The number of newly laid off workers filing initial claims for jobless benefits rose unexpectedly last week.
Evidence that layoffs are continuing and jobs remain scarce.
Yeah, and the fifth week was the one with the holidays in it, and government agencies were closed.
The rise is the fourth in past five weeks, and it's the first.
More economists hoped that claims would resume a downward trend that was evident in the fall and early winter, and most business owners were telling them they were crazy.
For hoping this.
Does hoping make people not lose their jobs now?
Does hoping create jobs?
This is what passes for economic analysis.
All right, that's AP.
Uh so-called continuing claims do not include millions of people who have used up the regular 26 weeks of benefits typically provided by states and are receiving extended benefits for up to 73 additional weeks paid for by the federal government.
No, they are being paid for by all of us who are still working.
And we don't have the money for that either.
I'm not picking on unemployed people, you understand.
We don't have the money for anything we're spending it on.
Not when we're borrowing 1.6 trillion of it.
Okay, so that's that's state controlled AP.
Here is state controlled Reuters.
And I sincerely hope that Reuters is not made to retract this story by the White House, as they had to retract one a couple days ago.
Maybe Rahm's too busy apologizing to the R words.
Um here and to pay any attention to the number of workers filing new applications for jobless benefits unexpectedly rose last week, according to a government report on Thursday that pointed to a labor market still under stress even as the economy grows.
Folks, I mean it's it it they're just becoming a caricature themselves.
It just it's getting boring.
It's the same story every month with the same shocked, surprised.
Uh experts.
A labor department official described the report as straightforward.
Delays in processing applications due to short staffing at some state employment offices over the holidays resulted in a backlog that distorted claims data over the past few weeks.
And not only that.
Here from CNN Money.com, as bad as the government's jobs readings numbers have been during the Great Recession.
We'll soon find out the real situation likely was worse, much worse.
We told you about this.
Yesterday, job losses during the recession may have been underestimated by close to a million jobs.
So instead of employers cutting just over seven million jobs in their payrolls, it's expected the labor department's new estimate will be a loss of eight million.
That means a million they didn't count last year.
It's an enormous understatement of the severity of the crisis.
It is a lie.
It's not an enormous understatement.
It is a lie.
The quote comes from Heidi Shearholtz, the labor economist with the Economic Policy Institute, a union supported think tank.
Somehow think tank and union don't go together, but uh the union supported.
I'm only going to union people are in there.
They're just paying for it.
There's certainly a disconnect between economists like myself who say the recession ended in May or June.
May or June.
This is John Canale, an economist at LPL Finance, Who said the recession ended in May or June?
Well, this guy did.
There's certainly a disconnect between economists who say that, like myself who say the recession ended in May or June, and the person on the street who says the recession hasn't ended.
This report is only going to widen that gap.
The problem is that Bureau of Labor Statistics model, their computer models, appear to have grossly overestimated the number of new businesses that opened during the recession.
They just guess at this.
The payroll number is created through a monthly survey of employers, but that survey misses employers who started business during the course of the year, as well as those who've gone out of business.
And they guess at uh at both of them.
And then here from the uh, what is this?
Uh Wall Street.com.
Now, this is an interesting take from a Wall Street insider who is also a blogger at Jah's website.
And this guy seems to be starting to get it.
His name is Douglas McIntyre, uh partner at 24 7, Wall Street LLC, previously been the editor-in-chief and publisher of Financial World Magazine in a blow that could come down on the Obama administration and the U.S. economy like Thor's hammer.
The U.S. may have lost 824,000 more jobs than the government said it did between April 2008 and March of 2009, according to Bloomberg, which provided the numbers for the possible adjustment.
The revision would be made by the Bureau of Labor Statistics tomorrow, February 5th.
That would increase the uh number of uh jobs lost due to the recession from 7.2 million to just over 8 million.
Uh and most of these, let's see, this is uh what's the time period here?
Yeah, and most of those, I wonder uh on November 5th.
Wonder what happened on November 4th.
Oh, yeah.
Barry was elected.
That's right.
The numbers, if correct, would add a nearly unbearable load to the economic recovery, which has caused huge deficits due to government programs led by Obamula's Obama's slush fund.
That slush fund was meant to save or create three and a half million dollars.
Sorry, Doug, Mr. McIntyre, that was not designed to create or save three and a half million jobs.
It's a slush fund.
It is designed for Barry and Democrat special interests and unions.
And it is also designed to redistribute income and actually, folks, if you don't think this is purpose, when's the last time you have ever heard of the United States government uh bond rating, credit rating being lowered?
We have a triple A, according to Moody's.
They are thinking of lowering it.
Look at what this guy has done to this country in just one year, while blaming it on the previous eight.
I I di this is it's indescribable.
It's very sad, it's very sad, and aggravating to boot to see what is happening here, largely on purpose.
A Washington examiner editorial today, gangster government targets Toyota.
What is it about the automotive industry that inspires such thuggish attitudes in the Obama administration?
The examiner's Michael Barone coined the term gangster government to describe threats by the White House last spring against Chrysler creditors who had the temerity to insist that bankruptcy laws be followed in the bailout of the ailing third member of the once fabled Detroit Big Three.
And now along comes Transportation Secretary Ray Lahood, muttering darkly that we're not finished with Toyota.
In the controversy over sticking gas pedals in vehicles made and sold in America by the Japanese automaker.
Now, given given the Obama administration's catering to one of its uh favorite special interest groups, United Auto Workers Union during the government's bailout of GM and Chrysler, it's difficult to avoid wondering whether Toyota has become a victim of the Chicago way of dealing with competitors.
Toyota took over GM several years ago as the world's leading, overtook, I should say, as the world's leading automaker.
The biggest losers besides American consumers will be the men and women who own and work at Toyota's 1,200 U.S. dealerships, and the 30,000 Americans who build Toyotas in its five factories here.
Lahood might as well have said, nice car company you got there, be a shame if anything happened to it.
Well, in the function, he's this is this editorial is exactly right.
I mean, I you have um GM and Chrysler are essentially owned by Obama, owned by the federal government.
So here's one of the branch managers, Ray Lahood, running around ripping Toyota to shreds.
And now Toyota said, Well, I gotta recall some vehicles, and Honda said, We gotta recall some vehicles.
What is more flawed?
Let me ask you people a question.
What do you think is more flawed?
A Toyota?
Or Obama's health care plan, a Toyota or Obama's budget.
If anything needs to be recalled out there, it's Obama.
And his entire agenda.
If design flaws are the issue, let's have public hearings on every item in Obama's budget and in Obama care.
Let's examine cap and tax.
The underlying design flaw known as man-made global warming.
So what do we have here?
We have Obamacare, Obama's budget, cap and tax.
All vehicles for statism, fascism, socialism, each has thousands of defective parts.
It does not work.
I'd rather get in a Toyota any day, even one with a gas pedal at sticks, than have the Obama agenda imposed upon this country.
So what what's more flawed?
A government behold into unions or one that isn't?
A car company beholden to unions or one that isn't?
A car company owned by the government and unions or one that isn't.
What's more flawed?
We can see.
But you know, the Democrats, Obama particularly, need enemies because enemies distract, enemies divide.
Uh Obama's singular singular-handedly is destroying private sector companies.
And remember it was Bill Clinton who said that Obama has the instincts of a Chicago thug.
Bill Clinton was the first person to get that out there.
Quick time out, my friends.
Oh, one other thing.
We've got.
If we don't, cookie, no big deal.
I know we've got Obama at the prayer breakfast coming up.
A feisty but occasionally frustrated President Obama tried Wednesday to calm nervous Senate Democrats about their political futures.
And the prospects for passing major legislation as he urged them to keep pushing hard for solutions to the nation's most vexing problems.
The Democrats had an issue conference out there.
Obama showed up.
He said the American people are out of patience with business as usual.
They're fed up with the Washington that has become so absorbed with who's up and who's down that we've lost sight of how they're doing.
They want us to start worrying less about keeping our jobs and more about helping them keep theirs.
75-minute meeting.
Now imagine.
Imagine that you are a Democrat in the Senate.
Any of them.
And here comes this punk kid who is the least experienced person in any room he walks into.
Lecturing these old political veterans.
These are the guys that used to skunk Republicans every day of the week.
These are the guys that destroyed judicial nominees.
These are the guys that successfully lied about Republicans cutting Social Security.
These are the guys that successfully masterminded a program that Republicans wanted your kids to starve because they were going to cut the school lunch bread.
And this guy who got 150 days in the Senate, a six-minute career, walks in there and tells these guys how to do their jobs.
Now, when he leaves, and I'm told, I'm told that when he left this meeting, in fact, this meeting was scripted.
That question that we played last hour of Blanche Lincoln, that was a scripted question.
And I'm told that when Obama left, these guys unloaded in the room.
It was all hunky-dory and fine and dandy when he was in there.
But I think they're probably laughing this guy out of the way.
He comes in here, tells us what dude don't fret about our jobs while hanging a noose around our neck with his agenda.
Trust me on this, my friends.
There, it's it's not there not only is there no paradise uh over there it ain't.
It ain't I mean it's all it is falling apart.
Inside the Democrat Party.
We'll be back.
Sit tight.
Meeting and surpassing all audience expectations every day.
Rush Limbaugh, great to have you back to the phones.
We go to Winston, Salem, North Carolina.
This is Lenny.
Nice to have you here, Lenny.
Hello.
Hey, hello, Lear Rush.
How are you guys?
Fine, sir.
Thank you.
Can't tell you what a thrill this is to speak to you after 22 years.
I uh uh I was calling because I was wondering, is it not a conflict of interest for our government, which now owns GM and Chrysler, as you said, to be bringing down the hammer on other car makers and and for that instance, other financial institutions.
It uh does, but you know what?
I it it certainly the here's what's really going on.
It wasn't let me check this, because I just I just uh just read this.
Uh uh.
Something about Yeah, the United Auto Workers and the Teamsters Union protested outside the Japanese embassy in Washington back on January 28th, calling on Toyota to reverse decisions to close the California plant and to hire non-union car haulers.
So on January 28th, the UAW and the Teamsters Union made a bunch of noise outside the Japanese embassy because they were going to close a California plant and hire non-union car haulers.
And now here it is, roughly a week later.
And the transportation secretary is ripping the hell out of Toyota, telling people don't drive your Toyota, you could die, and then having to apologize and correct it, and now saying there's gonna be a further investigation of Toyota, and then we find out from the government also that the Prius, good Lord, the Prius, the I mean the sacred prius, the brakes sometimes are failing.
So yeah.
I mean, there's no coincidences here.
Yeah, I I just look at it as though we how can we trust our government?
I mean, we have to scrutinize them that much more because it's all about the mighty dollar, as you always said, we need to follow the money.
Yeah, well, it is about the old mighty dollar, but in a different way than you mean.
I don't think Obama's concerned with earning a profit.
If he was concerned with earning a profit for the government, he's certainly not doing it.
He's on the other it it triple A rating about to be downgraded.
United States of America credit rating about to be downgraded.
Look what this guy has done in one year.
I didn't know a Prius went fast enough to even need breaks, but uh, you sit here and you you learn every day.
Um York Spiridon, Spiridon in New York City.
I'm glad you called your next on the Rush Limbaugh program.
Hi.
Hey Rush, uh glad to talk to you again.
I spoke to you earlier this year.
Yeah.
Uh you sound like Peter Orzog.
Uh, is that a compliment?
Uh no comment.
Okay.
All right.
Uh I'm a member of the uh NYU College Republicans up here, and on Monday, there is a uh a panel of uh of lefties what else is up here, and uh and it was for the uh the author of The Death of Conservatism, that that new book that came out from the New York Times guy.
And uh Is that the guy named Tannebaum?
Yeah, Tana House, Sam Tannehouse, or Sam Tannebaugh or something like that.
Yeah, it's not like that.
That that's why I didn't say his name.
I can't remember.
Yeah.
But uh shows you how important it is.
But uh like he was um they they were talking about the uh the Tea Party movement or or teabaggers, and uh they they said that uh that what basically happened with these guys are are these guys that were born in like in the forties or uh or around that time and grew up with uh with segregation in the in the south.
They're all they're all white and they're all uh exactly exactly that's my point.
What a day.
You know, it's really let me tell you something out there, Spiridon.
It worries me.
I was just telling Snergley, you know, I understand these people.
I know what they're gonna do before they do it.
I know what they're thinking.
It scares me.
I understand these people's brains.
It scares me, I understand how they think.
Let me tell you what this is about.
They are scared to death of the conservative ascendancy that's happening.
They know that conservatism nationally wins every time it is properly, correctly articulated and explained.
They know they don't have a chance against it, and they know it's ascending.
And so they're doing their best.
The New York Times has a story about some new conservatives getting together in a Republican Party, and it's really a bunch of moderate Republicans.
And they're saying exactly what I said.
They want nothing to do with the social issues, these guys.
And and uh, you know, and that there's uh the there's no conservative movement that's uh that's working in the Republican Party from the New York Times today.
There's no conservative assembly.
It's not happening.
Uh the politico had a story yesterday about about all this, too.
There's a concerted effort here.
That's why Reaganism is constantly lied about, and why they have to revise history about that.
Right.
Uh as a matter of fact, man, that during this thing, uh they they were talking about uh, you know, like like the uh the Republican icons, they're going through a list of them uh uh Eisenhower, uh Whitaker Chambers, uh, you know, they they kept calling Buckley a racist, so they thought they didn't include him.
But but they but they left out Ronald Reagan, they left out uh uh let's see.
Buckley, like I like I already said, it it's it's amazing to watch.
Uh I'm sure it was.
What you're watching is the equivalent of a bunch of stuck pigs.
Their agenda is heading down so fast.
Liberalism for what it is is on full display, and they're scared to death of what is really happening.
A conservative ascendancy.
Let's see here.
Let's see here.
Oh, government-owned GMAC, government-owned GMAC loses five billion dollars in a fourth quarter.
Is there any government-owned entity making any money?
Don't think so.
And Obama really opening those doors out there, really making foreign governments love us once again, gonna restore all the love and respect and devotion to correct all the hatred George Bush uh created, right?
Well, here's a Reuters dispatch.
A committee of the European Parliament said on Thursday, today, that it opposed an agreement with the United States on sharing bank data, a move Washington says could set back counter-terrorism investigations.
But I thought they loved us, and I thought they were going to love us even more.
And I thought I thought the world was going to just bow down and whatever Obama wanted was gonna do because they realized how smart he is.
Do you believe sharing bank data is about counter-terrorism, my friends?
I doubt it.
We had uh we had oh, folks, I've I gotta find this.
I gotta we gotta find the audio for this, because in the prayer breakfast today, I'm told, I didn't see it, I didn't hear it, but I'm told that Obama twice mispronounced the word corman.
As members of a corps.
Corbin, he pronounced it corpsman twice at the prayer breakfast.
I guess we're gonna double check this.
I guess there wasn't a pronunciation guide in the teleprompter.
You imagine if Bush had said corpsmen twice.
But but Rush, but Rush, Obama is so intelligent.
He's so wicked smart.
Cookie will um Cookie will try to find this.
The story that we had earlier about Obama meeting with the Democrats, and the Democrats being assured by Obama how to do their jobs.
And my remarking that, yeah, this imagine how these old veteran politicians in the Senate.
Here comes this little guy who's uh got a six minute career, 150 days working in the Senate, telling these guys How to do their jobs.
There's a great piece on this by Neil Braithwaite at The American Thinker.
The President is no team player.
I like this piece because it dovetails what I have been theorizing.
Obama doesn't care who gets harmed as long as his agenda succeeds.
It's like I said on Gretchen Carlson's interview today, which I've got those sound bites.
She asked me, What about this comment?
Russ that he'd rather be a great one-term president than a mediocre two-term president.
I said, Well, what would result, Gretchen, in him being a one-term president?
Well, she said he would either not run or be defeated.
That's right.
Why would he be defeated?
Because nobody wants his agenda.
So a successful one-term president in his mind is succeeding in ramming an agenda full of items the American people don't want down our throats.
That's the way you have to look at that comment.
A successful one-term president, after which he gets thrown out, means we don't want any of it.
But that would be how he defines success.
So is Obama team player?
Of course not.
After losing a close game, the coach put his arm around a young rookie quarterback who came off the bench to try to spark a comeback for his team.
In an unsettling retort to his coach's encouragement, Tom Brady said, I gave it my best shot, coach at remember.
I inherited that situation.
A young relief pitcher called in with the game tied in the bottom of the ninth inning with a runner on third, no outs.
As he takes the ball from the manager, Mariano Rivera looks into the manager's eyes and says, I'll give it my best coach at remember, I inherited this situation.
Those two scenarios seem unimaginable in the world of sports.
In fact, if they had really happened, you may not have expected those two players would ever have become superstars.
Any player with that attitude would be toxic to a team, and that kind of attitude would not be tolerated for an instant from any coach, teammate, or fan, for that matter.
Their selfishness and egotism would always upset the balance and the continuity of team play, making it very difficult to win.
As a detriment to the team, they would be eliminated as soon as possible, contracts notwithstanding.
However, there have been instances of players like this, Terrell Owens.
He never took responsibility for a loss.
He always made sure any blame landed on somebody else.
He was shuffled from team to team and always with the same result.
He didn't last.
Owens has great talent, but because he's not a team player, he'll always exit early.
Well, I preface my political point with all of this because it's painfully relevant to our situation in America today.
After playing for a full year and no longer considered a rookie, it seems obvious that America has recruited a president who continues to exhibit the same toxic characteristics.
For years, Obama wanted to play on the big league team.
He begged to play on that team.
He asked over and over to be put in a game.
He was adamant and confident that only he could win.
He even promised the team and the fans that he would win.
That's right.
Barack Obama made it abundantly clear to the whole world that he was the one the team had been waiting for, and he wanted a ball in a big way.
So with great hope and anticipation for a game changer, America gave the ball to Barack Obama late in the fourth quarter when things weren't looking so good.
The rookie took the ball, began to swell with pride as he reminded Team America in the face of this great adversity, that they could count on him.
But he also made it very clear that the team that he inherited this whole situation.
With three years left on Obama's contract, how is America's franchise player working out for the team now?
I like this analogy.
I inherited a situation.
Not my fault.
Here is ladies and gentlemen, uh.
Yeah, let's go to these.
Let's go to the sound bites for the uh for the uh uh prayer breakfast this morning.
We have three in the first one, and he makes this whole thing about him.
The prayer breakfast was all about him and his little political problems.
There is a sense that something is different now.
That something's broken.
But those of us in Washington are not serving the people as well as we should.
At times it seems like we're unable to listen to one another.
To have at once a serious and civil debate.
And this erosion of civility in the public square sows division and distrust among our citizens.
It poisons the well of public opinion.
It leaves each side little room to negotiate with the other.
It makes politics an all or nothing sport where one side is either always right or always wrong when in reality neither side has a monopoly on truth.
This is a prayer breakfast speech.
And he does think of himself as a deity, so I guess it makes sense he'd be talking about himself, praying that people get along.
More civility in the public square.
More room to negotiate.
This is the guy that doesn't invite Republicans to negotiate.
This is you know the drill.
I am getting bored repeating all the truths about Obama.
Here's the next bite.
This is really curious.
He tells his opponents not to question his faith, even though he hadn't found a church, and not to question his citizenship.
Civility also requires relearning how to disagree without being disagreeable.
Understanding, as president said, that civility is not a sign of weakness.
Now I am the first to confess I'm not always right.
Michelle will testify to that.
But surely you can question my policies without questioning my faith.
Or for that matter, my citizenship.
Is somebody questioning his faith?
Have I missed this?
Uh uh.
I missed this.
Okay, well, anyway, um, and now he says, well, just listen to yourself.
I don't even need to set this one up.
That's what I'm praying for.
I know in difficult times like these, when people are frustrated, when pundits start shouting, and politicians start calling each other's names.
It can seem like a return to civility is not possible.
Like they the very idea is a relic of some bygone bygone era.
The word itself seems quaint.
Civility.
But let us remember those who came before.
Those who believed in the brotherhood of man, even when such a faith was tested.
All right, now uh I guess I'm gonna have to analyze this for you or translate this.
Obama doesn't want to be criticized anymore.
He does not want to be criticized, and he's praying not to be criticized.
That's what it is.
He doesn't want to be criticized.
And I told people stop watching MSNBC for crying out loud.
And Fox and CNN and all that stuff.
So that's that's Obama at the Prayer Breakfast London.
This is a story from WorldNet Daily.com.
Agents for Britain's MI5 intelligence service have discovered Muslim doctors trained at some of Britain's leading teaching hospitals, have returned to their own countries to fit surgical implants filled with explosives.
Women suicide bombers recruited by Al Qaeda are known to have had the explosives inserted in their breasts under techniques similar to breast-enhancing surgery.
The uh lethal explosives are inserted during the operation inside the plastic shapes, the breast is then shown up.
Bosom bombers.
Up next from Al Qaeda.
Back after this.
Well, I am told that we have the soundbite here with Obama pronouncing the word cormon corpsman.
Let's listen together at the national prayer breakfast.
You know, it'd be interesting to contrast this Obama's speech at the national prayer breakfast with one made by George W. Bush.
I'll bet you that George W. Bush talked about God and faith and not himself, except as in relationship to his faith.
Anyway, here's Obama, the intellectual, the elite, really smart guy for it.
The guy, David Brooks really, really liked the crease in his slacks.
One such translator was American of Haitian descent, representative of the extraordinary work that our men and women uniform do all around the world.
Navy corpsman, Christian Bashar.
And lying on a gurney aboard the USNS Comfort.
A woman asked Christopher, where do you come from?
What country?
After my operation, she said, I will pray for that country.
And in Creole, a corpseman Brashard responded, in Tanzini, the United States of America.
He said it.
He said it twice.
He said Corpsman.
He said folks.
He said corpsman.
Again, if this George W. Bush that did this, or Dan Quayle, who did this.
Corpsman.
Well, I know Sturdly, why should we expect him to know how to pronounce it?
It's a military term.
Probably pronounces sword sword.
Some of the greatest conservative scholars work at the Heritage Foundation.
Every year, a group of them at Heritage partner up with the Wall Street Journal to produce the index of economic freedom.
You want to know what that means?
Economic freedom is the fundamental right each of us have to control our own labor and property.
In economic free societies, governments allow labor, capital, and goods to move freely, controlled by the markets.
So where do you think the U.S. ranks now among 183 countries?
Well, if you are a member of the Heritage Foundation, you found out late last week when the study was released.
It's no surprise, the U.S. is one of the countries that fell the most from 2009 to 2010, given all the new government restrictions and government takeovers of industry.
Now I'll give you both the answer and the way for you to find out much much more.
The United States ranks eighth now behind places like Canada, Switzerland, Ireland, and four others.
It really is worth seeing this report.
It's actually fascinating to read online.
It will confirm all of your suspicions on what Obama is doing to our economy.
Just make yourself a member of the Heritage Foundation, and you are under the tent when it comes to getting this information the moment it's released.
I mean, think of this.
The output at the Heritage Foundation is profound, and as a member, you have access to all of it.
Go online to AskHeritage.org.
AskHeritage.org.
You become a member by making a contribution of your choosing.
And you'll have joined more than the 600,000 people who are making and contributing to this conservative comeback.
Read all about it, Ask Heritage.org.
Now here's a related story.
More than $70 billion in wealth left New Jersey between 2004 and 2008 as affluent residents moved elsewhere, according to a report released yesterday that marks a swift reversal of fortune for a state once considered the nation's wealthiest.
This was conducted by the Center on Wealth and Philanthropy at Boston College, and the report found that wealthy households in New Jersey were leaving for other states, mainly Florida, Pennsylvania, and the wave of orc at a faster rate than they were being replaced.
John Havens, who directed the study, said the wealth is not being replaced.
It's above and beyond the general trend that is affecting the rest of the Northeast.
Now, this wasn't always the case.
The study, which is the first on interstate wealth migration in the country, noted the state actually saw an influx of $98 billion in wealth in the five years preceding 2004.
The migration in the country, uh the exodus of wealth, rather, uh, local experts and economists concluded was a reaction to a series of changes in the state's tax structure, including increases in income sales property and the millionaire taxes.
New Jersey has lost 70 billion dollars in wealth during four years as residents depart.
And it's taxes that are driving them out.
Predicted.
Predicted here, it's also driving people out of Long Island and other parts of New York, and it's going to drive even more out as they continue to raise their taxes, deal with their buttons.
And the migration from California, people don't talk about that.
But if you want to see a lot of ex-Californians go to Idaho.
Well, that's where a lot of them go.
Some of them go to Arizona.
But there's uh all these high-tax liberal states.
Findings from the port really reports show this.
About 302,780 households left New Jersey between 2004 and 2008.
Only slightly lower than the 323,350 households that moved in.
However, the average net worth of the departing households was about 70% higher.
So $70 billion of wealth gone from Nebraska.
So for the rest of you that are still there, that means your taxes, because liberals run this place in this in the legislature, maybe your Republican governor can stop it.
Your taxes are going to go up again.
Back in just a sec.
And as I've always been big on that in the past to help the elderly, because they've sometimes had to choose between eating pet food and getting medicine.
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