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Feb. 17, 2010 - Rush Limbaugh Program
36:49
February 17, 2010, Wednesday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
Two pounds in two days.
As I restarted the diet on Monday, I got up there.
This is day three.
So day three is not over yet.
So two pounds in two days.
This thing is amazing.
Greetings, folks.
I know, I know, I know, I know we're not supposed to talk about Adolf Hitler, but this administration making it really, really tough to ignore some facts out there.
Greetings.
How's that for a tease, Mr. Snurdley?
Greetings, uh, my good friends, and welcome.
Great to have you here, Rush Limbaugh behind the golden EIB microphone and the prestigious Limbaugh Institute for Advanced Conservative Studies.
Telephone number 800-282-2882.
Talking about the big lie.
From um his 1925 autobiography, Mein Kampf.
The big lie was an expression coined by Hitler.
And the big lie uh is exactly what all of liberalism is.
The big lie is exactly what all of Marxism is, or socialism is, or communism is.
Now, today Obama went out there with uh with uh with plugs Biden standing with the head ash on a forehead.
It's Ash Wednesday out there.
By the way, as a wacko group in California wants you to give up uh creating uh carbon footprints uh for Lent.
Uh we'll have the details on that as the program unfolds.
I did say it's so much stuff here today.
I'm gonna have to talk fast, you're gonna have to listen fast for me to get all this stuff in.
The big lie today is the stimulus worked.
And they're doubling down on this, and there's a reason why they're doubling down on this, is because it's been such an abominable failure.
Uh the polling data, only six percent.
We had this yesterday, only six percent of the American people think the stimulus created any new jobs.
Therefore, ninety-four percent of the American people know it didn't work.
So, what does Obama do?
Well, the only thing he knows how to do is to double down and tell them they're wrong and incorporate the big lie.
Now, we got some sound bites here from this morning just to just to illustrate this.
Uh blaming Bush, uh, not reading the polls.
The American people are not buying any of this.
This is part of Obama's new communication strategy.
Blame Bush and claim the stimulus saved us from depression.
What's new about not one thing?
It is the same lie.
It is the same strategy continued.
I want to begin by recalling where we were one year ago.
Millions.
Take a minute and re-cue this son of a guy.
As though we don't know what you think.
Let me be clear.
I want to begin by recalling.
Uh, remember this.
Uh let me be clear.
All this professorial BS.
Well, I'll try not to interrupt this stuff, folks, but I'm gonna tell you.
Uh I I can't stand being lied to when I know I'm being lied to, and when I know that the person talking to me is lying to me, they know that they're lying.
I c that that and arrogance and condescension, cockiness, unwarranted conceit, those kind of those those those human characteristics just drive me nuts.
I want to begin by recalling where we were one year ago.
Millions of jobs had already been lost to the recession before I was sworn into office.
Another 800,000 would be lost in the month of January.
Economists from across the political spectrum.
I can't help but stop the tape.
Uh go back.
Uh if you want to find out where the really big job numbers being lost started, take a look at November of uh 2008, right after Obama was elected.
Then look at December, and then look at January, and you will find that businesses started laying off people after Obama won the election, and some of them started before he won the election because they knew what was coming down the pike.
All right.
This is torture.
This is plain old.
Keep going here.
Democratic action was not taken to break the back of the recession.
The United States could spiral into another depression.
That was the backdrop against which I signed the American Recovery and Reinvestment Act.
One year later, it is largely thanks to the Recovery Act.
Uh, depression is no longer a possibility.
Meanwhile, homelessness is at an all-time high.
We have that story in the uh amazing Time magazine, and we also uh, ladies and gentlemen have the uh the news now that Terry Jeffrey, human events, has uh done the numbers around the numbers.
Obama has spent more than FDR did on the New Deal.
And of course, there's nothing to show for it.
Zilch Zero Not.
This is the big lie.
Um now, I don't know whether this next is Obama continuing to display his ignorance of uh of economics, or if it's just his obstinate stubbornness.
During a recession, when businesses pull back and people stop spending, what government can do is provide a temporary boost that puts money in people's pockets.
It didn't do that.
Keeps workers on the job.
It didn't do that.
Cuts taxes for small businesses.
It didn't do that.
Generates more demand.
Didn't do that.
Gives confidence to entrepreneurs that maybe they don't have to cut back right now.
Why they keep cutting back?
None of that happened.
Zilch Zero nada.
Be cool, Rush, be calm.
This is nothing new.
You've heard it all before.
It's the big lie.
None of that happened.
Now, Obama continuing the big lie tells you stupid idiots that he cut your taxes next.
We see some polling where about twice as many people think we've raised taxes as lower taxes.
Yeah.
95% of you got a tax cut.
You lie.
I mentioned this at the State of the Union, Joe.
They were all kind of squirming in their seats.
They weren't sure whether to claim it.
I know you're lying or not, because most of them had voted against all these tax cuts.
Which I thought was it was interesting to watch.
There were no tax cuts.
There was a one-time tax credit.
There were no tax cuts.
And there aren't going to be any tax cuts as long as this guy's running the show.
Nothing but tax increases are headed down the pack pike.
Now let's let's go back to bashing Bush and let's call it the uh the lost the lost decade.
And you keep in mind now the Bush decade showed almost no unemployment.
It was at 4.7% starting in 2003 after the recovery from 9 11 began.
We knew that even before the crisis hit.
We'd come through what some people are calling the lost decade.
A period where there was barely any job.
And where the income of the average American household Cut the tape!
I can't handle it.
Nobody's calling it the lost decade but you.
Dumbo.
Nobody's calling it the lost decade.
Who besides him is calling it the lost decade?
I'm thinking ears when I say dumbo.
I'm not thinking of brains, but I guess it's interchangeable.
All right.
Now, let's go back to Hitler and the big lie.
In his 1925 autobiography Mein Kampf, the expression was coined by Hitler to describe a lie so colossal that no one would believe it somebody could have the impudence to distort the truth so infamously.
The big lie had to be big.
It had to be so big that nobody would believe anybody would have the audacity to lie that way.
If you're gonna go, if you're gonna lie, go big.
Put your lie on an Atlas rocket and launch and fire that sucker.
Let me read to you from Adolf Hitler, and by the way, Adolf Hitler's a big figure out there.
Now, all these videos here with Hitler reacting to this and reacting to that.
Um, Hitler's enjoying some sort of a humorous revival here.
Uh here's what he wrote.
All this was inspired by the principle, which is quite true in itself, that in the big lie, there was always a certain force of credibility because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily.
And thus, in the primitive simplicity of their minds, which is exactly how liberals look at average Americans.
In the primitive simplicity of their minds, they more readily fall victim to the big lie than the small lie, since they themselves often tell small lies in little matters, but would be ashamed to resort to large-scale lies.
It would never come into their heads to fabricate colossal untruths, and they would not believe it.
Others could have the impudence to distort the truth so infamously.
Even though the facts which prove this to be so may be brought clearly to their minds, they will still no doubt waver and will continue to think that there may be some other explanation other than it is a lie.
Such as he cares, such as he's a great spokesman, he has a great vocabulary.
Maybe he's smarter than we are.
Whatever, people will think couldn't possibly have the audacity to lie that big.
It's got to be something wrong with us.
That was Hitler's theory.
Because the grossly impudent lie always leaves traces behind it, even after it's been nailed down, a fact which is known to all expert liars in this world and to all who conspire together in the art of lying.
Adolf Hitler, Mein Kampf, Volume 1, Chapter 10.
Now the phrase, the big lie, was also used in a report prepared during the war by the OSS, the forerunner to the CIA, the United States Office of Strategic Services, in describing Hitler's psychological profile.
This is how the OSS described Hitler's psychology.
His primary rules were never allow the public to cool off.
Never admit a fault or a wrong.
Never concede that there may be some good in your enemy.
Never leave room for alternatives.
Never accept blame.
Concentrate on one enemy at a time and blame him for everything that goes wrong.
Hello, George W. Bush, and the Republicans.
People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.
Quick timeout.
Digest that, and we'll catch you on the backside here.
It's L. Rushbow and the cutting edge of societal evolution.
So it's obvious that Obama still thinks he can dupe the dumb masses, just as he did, and just as he knows he did during the campaign of 2008.
A giant dupe.
And if he thought he did it then, he thinks he can do it again, which is why they're going back now to this uh this new strategy of uh getting their message out via a campaign mode.
Remember now this this lost decade began in 2007 when the Democrats took over the House and the Senate.
Nancy Pelosi and the girls took over the House of Representatives.
That's when all of this garbage began.
And Barack Obama voted for every spending bill that George Bush and the Republicans put forward.
And yet he still has the audacity, and it takes a lot of audacity to tell big lies.
He has the audacity to claim that he inherited a mess from Bush, yet he voted for every phase of it.
So, we've staved off a Great Depression, have we?
From state-controlled associated press, homelessness in rural and suburban America is straining shelters this winter as the economy founders, and joblessness hovers near double digits, a perfect storm of foreclosures, unemployment, and a shortage of affordable housing in one official's eyes.
This is Greg Blass, commissioner of social services in Suffolk County in Eastern Long Island.
We're seeing many families that never before sought government help.
That's the plan.
That is the idea, and amidst all of that, and you can find this news yourselves just by opening a paper, logging on some source uh site source on the internet.
No economic improvement going on.
There's nothing that was saved, there were no tax cuts.
There aren't any new private sector jobs.
There's not a whole bunch of entrepreneurs going on out there.
The entrepreneurs are hanging back and waiting to see what the hell a burden they're going to face is, depending on Obama's legislative agenda.
Now, I've always said that brevity is the soul of wit.
Well, I didn't say it.
Shakespeare said it.
But I like it.
Brevity is the soul of wit, meaning the fewer number of words it takes you to make your point, the more powerful the point.
Well, Joe Biden, uh, I think is proving to be the soul of nitwits.
Because with just a few concise statements, Joe Biden has ripped apart Barack Obama while trying to praise him and support him.
He's ripped apart Pelosi.
He's ripped apart Harry Reid.
One other profundity to keep in mind when analyzing Biden's wit, and that is this.
There's no honor among thieves.
Now imagine that you're a Democrat in Congress, and after a year of Obama demanding that you write a health care bill against the will of the American people, that you write the stimulus bill that's a demonstrable failure.
After Obama promises a slush fund will keep unemployment from exceeding 8% after telling Congressman that Obamacare will succeed, where Hillary Kale Hillary care failed because you got me.
And Joe, you don't mess around with Joe.
After all of this, a full year.
The Democrats are mad, and they're mad at Evan Bye.
They ought to be livid at Obama and what he's done to them.
Of course, they don't see it that way because they've been full-fledged partners in all of it.
And there is obstinate and stubborn.
Reagan, Reagan said this back in 1992 of the Clinton administration.
It ain't gonna work.
Liberalism, communism, whatever it is, it always fails on the weight of his own immorality.
Because of its own overreaching in a nation that has no desire or any part of socialism or communism, it will always fail.
And it's it's you know, they it did it fail in 1992.
They uh they're failing now.
It's uh in that sense it's a it's a positive sign.
Now, how is it that Biden is the brevity of soul of nitwit?
Well, he was on CBS today in a quote-unquote wide random interview with uh with Harry Smith.
Now, keep in mind, I want you to put uh put yourself in a position of a Democrat in Congress.
Obama made you write health care legislation, no fingerprints of his on it.
Obama made you write the slush fund, the stimulus.
It isn't working.
Obama put you in charge of wrecking the U.S. economy.
And then you get to turn on CBS today, and you hear Biden, Harry Smith.
You said to me at lunch, you've never seen Washington this dysfunctional.
I'm trying to get the other team to cooperate to get in the game here a little bit.
I understand the political motivation, but I think people say the message out of Massachusetts election was to the Democrats.
I think it was to everybody in public life.
And it was, hey guys, get your act together, get something going.
Never seen it this dysfunctional.
Well, who's running it?
Who's running it from top to bottom?
You think Scott Brown's election was against all incumbents?
It was against one.
It was against Ted Kennedy and the handpicked Marsha Cochley, as his uh son Patrick calls her.
So now imagine you're a member of Congress and you're turning on CBS and you hear Joe Biden get this question.
Unemployment hovering around 10.
The real unemployment number probably closer to 15 to 20 percent.
People don't think you or a lot of other folks in Washington get it.
Does the Obama administration get it?
We we get it.
We understand why they're angry.
Uh look, um, we are in good shape compared to the Congress.
No one of Washington's in good shape.
It reflects the reality that Washington right now is broken.
I don't ever recall a time in my career where to get anything done, you needed a supermajority, 60 out of 100 senators.
I don't remember a time.
Shut up.
I don't remember a time in my life where if somebody had 60 votes out of 100 couldn't get anything done.
This is so convoluted, folks, as to be hilariously humorous.
Do you hear what he just said?
Uh never recall a time in my career where to get anything done you needed a supermajority, 60 out of.
Well, how about every year you've been in the Senate, doofus?
You've always had to get 60 votes on a piece of legislation to stop debate and move it to a vote.
I've never seen a party with 60 vote in the Senate not be able to get anything done like this bunch.
But the point here is he said, look, we, meaning Obama and me, we're in good shape compared to Congress.
Um didn't didn't Biden just push Democrats off the cliff?
Well, yeah, we're in good shape up here.
Obama and I, we're in good shape compared to Congress.
Now, see, Obama doesn't face the electorate until 2012.
Congress faces them in November.
So, yeah, in that regard, the White House is in good shape compared to Congress.
Biden said the atmosphere of high anxiety across the country reflects the reality that Washington right now is broken.
Well, here we go.
The brevity soul of nitwits.
Joe Biden once again just whacked his boss.
Washington's broken.
He never seen it so broken.
Who's running it?
Democrats, his party, Obama, Pelosi, Harry Reid, brevity is the soul of wit.
Thank you, Joe Biden.
While standing up there trying to support Obama, he throws every one of them under the bus here.
I've never seen it this dysfunctional.
Stop and think about that.
This is part of the big lie.
The big lie also includes this notion it's the Republicans stopping all of this.
The big lie is out there that Evan Bay is a moderate.
When he's voted down the line with Obama on everything.
The big lie out there is that Evan Bay is even a conservative.
He's a Full-fledged 100% liberal in terms of supporting every Obama agenda item out there.
So here's Biden, the vice president saying I've never seen it this dysfunctional.
Well, what's the circumstance?
The Democrats have mega majorities in both houses of Congress.
Obama has set the table for what he wants served a slush fund bill and Obamacare Healthcare, both are disasters, and Biden blames a dysfunctional Congress.
There is no honor among thieves, which again begs the question when discussing Joe Biden is brevity also the soul of nitwits.
Because this, if anybody I I guarantee, you're not going to hear about this in a drive-by media, but these Democrats up on Capitol Hill, both the House and the Senate read this, and when they see this, that Obama's dumping and Biden bumping on them for not being able to get anything done and everything's being dysfunctional.
Who's running the place?
Who's running it?
Who's got 60 votes and can't get anything done?
I've never seen that.
You know, another popular complaint out there, uh, ladies and gentlemen, is um from the Democrats in the media is how everything's been politicized.
It's just a sh everything has been politicized.
Let me ask you a question.
Do you ever see a think you'd see a time when people would be fanatical about the weather?
Did you ever think you'd see a time when even the weather would be politicized?
Weather used to be the one safe subject.
Even that's been politicized.
And guess who's politicized the weather?
The Democrats.
The left.
I'd like I'd like to take a moment here during the discussion of the lost decade to congratulate George W. Bush for any and all economic growth that has or may occur during the Obama administration.
Not Obama.
How do I mean that?
Very simple.
If Bush is responsible for the downside of the economy, he deserves credit for any upside as well.
I want to thank President Bush for saving or creating between 1.6 and 2.4 million jobs as well.
Which he genuinely did.
And took the unemployment rate down to 4.7%, and it started skyrocketing up the moment Nancy Pelosi and the Democrats took control of the House in 2007.
Now another great new White House strategy is send plugs Biden out there to a state with between 14 and 20% unemployment and tell them that the stimulus plan saved the economy.
This is yesterday in Saginaw, Michigan, Delta College, Joe Biden.
I am absolutely certain of one thing, and I say this to the press.
The Recovery Act is working.
The Recovery Act is working.
It's not only helping Saginaw's workers get back on their feet today, but it's laying the foundation for long-term growth for tomorrow.
It's taken a while to get out of this ditch, but it's working.
It's working.
The act has succeeded in helping pull us back from the brink.
This act, along with everything else we did, helped us avoid a depression.
It also succeeded in saving and creating two million jobs so far.
Now, what are we supposed to do with all this?
This is nothing more than a big lie.
Unemployment's at 10%.
They said it would never get above eight percent.
They were going to create three and a half or four million jobs.
We've lost God knows how many seven million?
It's just the audacity of this is striking.
But it takes big audacity to tell big lies, and to keep telling them.
But there's a problem with this.
Yesterday morning on CBS The Early Show, the co-host Maggie Rodriguez interviewed Senator Evan Bibi.
And she said to Senator Evan Byeby, let me ask you as plainly as I can.
What are your future plans?
What's your next job going to be?
If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months.
Calling Joe Biden, calling Barack Obama.
Evan Byeby has just said that in Saginaw, Michigan, or anywhere else, there hasn't been a single job created in the private sector the last six months.
And he could have said the last 13 months if he wanted to.
It has still been accurate.
And yet here Biden and Obama yesterday today talked about all these new jobs created or saved, and all these tax cuts that have happened.
All of every aspect of what they're saying is one giant big lie.
Here, even from state-controlled ABC News.
They headline Drowning in Debt, what the nation's budget was mean for you.
Economists predict cutbacks, tax increases that aren't even imaginable.
Uh, sorry, ABC, they're not only imaginable, but Ba uh Bam and Ram Emanuel cannot even wait to impose them.
The dirty little secret is, folks, that all of this debt that Obama's now out there railing, oh, I'm staying awake at night because of the red ink.
He's actually saying that.
The red ink, the debt that he authored is keeping him awake at night.
No, no, no, no, no, no.
This is all going according to plan.
Because next up, the big push for tax increases, ostensibly on the rich, in order to get our financial house in order, but make no mistake, every damn one of you is going to be paying taxes out the wazoo that you cannot even imagine.
And Obama even signaled it last week by voting present on the concept of a middle class tax increase.
Well, you know what?
Um I'm an agnostic on this.
Uh so he's he's laying the groundwork.
This debt that's been purposely run up, and now he's freezing spending after he's already run up the debt.
Uh, is to set the stage for massive new tax increases on everybody.
They just have the story about there are more people in Suffolk County, New York that the uh social services people have never seen on welfare before are on it.
That's the plan.
It's the idea.
The redistribution of wealth.
The author of the ABC story is Kevin Devondwyer.
American political and economic leaders have sounded the alarm for years about the red ink rising in reports on the federal government's fiscal health, but now the problem of mounting national debt is worse than it has ever been before, with pot and who who gave it to us?
Certainly not George W. Bush.
Who gave us a mountain national debt worse than it has ever been?
The Democrats did.
And this uh is creating potentially dire consequences for taxpayers, according to a report by the nonpartisan Peterson Pugh Commission on Budget Reform.
Obama in Nashua, New Hampshire on February 2nd said it keeps me awake at night looking at all that red ink.
Most of it's structural, and we inherited it.
The only way that we're going to fix it is if both parties come together and start making some tough decisions about our long-term priorities.
No, Mr. Obama.
As Joe Wilson said, you lie.
You lie big.
Most of it is not structural, and most of it you did not inherit.
Obama will sign an executive order tomorrow that establishes a bipartisan national commission on fiscal responsibility to make recommendations on how to reduce the country's debt.
And guess who is going to be the co-chairs?
Irksome Bowles, who now is the president of the University of North Carolina, and Alan Simpson.
Now, would somebody explain to me why we need a blue ribbon commission on fiscal responsibility?
Is that not the job of our elected leaders in Congress?
And in the White House.
Why do they farm this out to wash their hands of it?
Is why?
Over the past year alone, the amount the U.S. government owes its lenders has grown to more than half the country's entire economic output.
Do you hear that?
Over the past year alone, the amount the U.S. government owes its lenders has grown to more than half the country's entire economic output or GDP.
Past year, ABC, if you slipped up here, I thought I thought Obama inherited this from George W. Bush.
Even more alarming experts say that those figures will climb to an unprecedented 200% of GDP by 2038 without a dramatic shift in course.
Can I can I translate that for you?
We are busted, and your kids and grandkids are screwed.
Thanks to one man and his party, Barack Hussein Obama and the Democrats.
Your kids and grandkids are busted and screwed.
And it's not because of George W. Bush.
It's not because of Republicans.
It's not because of the lack of bipartisanship.
It's not because of the dysfunctional Washington.
It's because it is the plan.
Be right back, folks.
El Rushbow and the EIB network.
See you on the back side here.
Sit tight.
Let me read you one more sentence here from this ABC News.com story, Drowning in Debt, what the nation's budget woes mean for you.
Listen to this one sentence.
The government's ability to cut taxes or provide a safety net would also be weakened.
Economists say.
Now this is strictly inside the beltway.
Democrat liberal groupthink.
John F. Kennedy.
I know you're tired of hearing me say this.
John F. Kennedy and Ronald Reagan showed that you must cut taxes to increase revenues to the Treasury.
Because cutting taxes will lead to new jobs.
This this folks, this administration does not want new unemployment while they tell you that they do.
When Obama goes out there and says businesses are responsible for growth, you need to ask yourself what she did today.
You need to ask yourself that what the hell are you doing starving them?
What the hell are you doing punishing them?
Why don't you incentivize them?
Why don't you get out of their way?
The big lie continues to roll off of this fluent tongue.
As well as anybody has ever told a big lie.
You cut taxes to increase revenues and grow your way out of a deficit.
Reagan's tax cuts doubled.
The revenues to Washington in eight years, 500 billion dollars.
When he took office in 1981, there were 500 billion dollars coming into Washington when he left office close to a trillion.
Cutting taxes from 70% down to 28%, 31% for some.
That's all that's needed here.
Why the hell is this so hard?
And why the hell do we need a commission?
We don't need a commission.
The purpose of the commission is to give cover to the Democrats.
Give irks and bull irksum.
When are you gonna realize you're being used here, sir, and you're being made a fool of?
McClinton's made a fool of irks and bowls.
And Alan Simpson, come on.
You ought to both you guys ought to tell these guys to stuff it.
But Mr. Limbaugh, when your nation calls you to service, you Yeah, well, you're not being called to service.
You're being called a cover up.
What the hell you irksum, you're the president of a university.
Senator, you're retired.
It's not your job.
Don't give these people that have been elected to fix this the out.
Blue ribbon commission on fiscal responsibility.
I wish I could channel this to George Washington and John Adams.
And I wish I could get a response from both of them to tell you what they would say.
You'll just have to trust me.
They'd say it's over.
They'd say this is not what we have in mind.
In fact, it's not only what we had in mind, we didn't do this.
We didn't establish this.
We've been corrupted.
Our idea has been totally corrupted.
And it has.
And Obama still thinks that he can dupe everybody like he did during the campaign.
Now I want to go back and play for you something that we did last week.
This is a little two-minute fifteen seconds segment from the movie Back to School.
Rodney Dangerfield is the star of the movie, and he is an owner of a big and tall, big and fat clothing chain all over the country.
His son and he are estranged.
His son's going to college.
Rodney Dangerfield never graduated college, decides to go back to school with his son to establish the relationship, get his degree, and ends up in an economics course with an Obama type professor, an arrogant, conceited snob who has no understanding of what really happens in the business world.
Let's start by looking at construction costs of our new factory.
Uh what's the product?
That is immaterial for the purposes of our discussion here.
But if it makes you happy, let's say we're making tape recorders.
Type recorders, are you kidding?
The ch will kill us on a labor course.
Okay?
Fine.
Then let's just say they're widgets.
What's a widget?
It's a fictional product.
It doesn't matter.
Doesn't matter.
Tell that to the bank.
Easy, take it easy.
It's the first thing.
On the board, you will see a cost analysis for construction of a 30,000 square foot facility, which will encompass both factory and office space, and is fully serviced by all utilities, a railroad spur line, and a four-bay shipping dock.
Oh, hold on.
Why, Bill?
Hey, you're better off leasing it a book and a quarter, a book and a half a square foot.
Take it down payment and put it into CDs.
Or something else you can roll over every couple of months.
Thank you, Mr. Mellon.
But we'll be concentrating on finance a little later in the term.
For the time being, let's just concentrate on the construction figures, shall we?
You will see the final bottom line requires the factoring in of not just the material and construction costs, but also the architects' fees and the costs of land servicing.
Oh, you left out a bunch of stuff.
Oh, really?
Like what, for instance?
Well, first of all, you're gonna have to grease local politicians for the sudden zoning problems that always come up.
That is the kickbacks to the carpenters.
And if you plan on using any cement in this building, I'm sure the team should like to have a little chat with you.
And that'll cost you.
Oh, and I'll forget something for the building inspectors.
Then there's a long-term cost, such as waste disposal.
I don't know if you're familiar with who runs that business, but I assure you it's not the Boy Scouts.
That'll be quite enough, Mr. Mellon.
Maybe bribes and kickbacks and mafia payoffs, how you do business.
But they are not part of the legitimate business world.
And they're certainly not part of anything I'm teaching in this class.
Do I make myself clear?
Sorry, just trying to help.
That's all.
Now, notwithstanding Mr. Mellon's input.
The next question for us is where to build our factory.
How about fantasy land?
That's Rodney Dangerfield and back to school, and that's that's the reality of what we face out there up against Obama, the arrogant, impudent snob, who thinks he has uh thinks he has all the answers.
Let's go back to the audio soundbites we're gonna play here.
This is uh number 10 and 11.
Remember this last year?
We played this for you last year, October 22nd, 2009.
It's on Capitol Hill before the joint economic committee.
The uh Council of Economic Advisors Chair, Christina Rover, testified about the economy and the uh and the slush fund, the stimulus, and this is what she said.
The fiscal stimulus will have its greatest impact on growth in the second and third quarters of 2009.
And by mid-2010, fiscal stimulus will likely be contributing little to further growth.
Those a little distorted the way you had it.
So let me back off here and uh translate for you what um what uh the woman said.
The fiscal stimulus uh will have its greatest impact on growth in the second and third quarters of uh 2009.
And by mid-2010, fiscal stimulus will likely be contributed little to further growth.
So she basically said the big bang for the buck was 2009.
The ending after that, that's uh it's over.
She's changed her tune today.
Good morning, America today.
Uh the co-host George Steffi Stephanopoulos talked to Christina Roomer with unemployment still about 10% is the biggest bang from the stimulus behind us.
Now, you didn't add this, but I'm going to add like you said last October.
Absolutely not, certainly in terms of the level of the things we care about, like employment and the unemployment rate.
Those effects are gonna grow over time.
The big lie continues.
She stepped in it back in October.
Somebody came in and got her mind right, and so now she is part of the big lie.
As uh as well.
Yesterday afternoon, PMS NBC, David Schuster talking with uh the liberal radio host Stephanie Miller, who uh well it was painful.
They were talking about Evan Bay's retirement and me.
Does Evan Bayer's departure from the U.S. Senate mean trouble for the Democrats?
Here is Rush Limbaugh's take.
I continue to marvel at this guy talking about gridlock and the lack of bipartisanship.
Senator, your party had 60 seats, and you still have 59.
What about Rush Limbaugh and his argument?
Look, the Democrats control things, so if Ellen Bye's complaining, he should be complaining about his own party.
Wow, I may be agreeing with Rush Limbaugh for the first time.
Clearly there is gridlock, but I have to say, I think it's it's not just from obstructionist Republicans, but also because of some conservative Democrats like Bay.
I think he actually raises a good point.
Well, the problem is Bay's not conservative.
He's uh But look, the reason I only reason I play this for you is because I think I told you last week, I think there's a master plan here.
Obama is trying to push me to retire.
I mean, I've said I'm not I'm not quitting if everybody agrees with me.
And Obama, I think, may Be pushing liberal Democrats in that direction.
How else would you explain this?
And a quick question out there, uh, ladies and gentlemen.
If the stimulus is working, as Obama said today, and if jobs are being created out there, wouldn't the world believe in our deficit would be going down?
Well, the world doesn't seem that.
Uh the government says the AP, a shocked AP, the government said Tuesday foreign demand for U.S. Treasury securities fell by the largest amount on record in December, with the ChICOMs reducing its holdings by 34.2 billion.
They're dumping our T bills out there.
Japan now the largest holder because of the ChICOM dump.
This would not be happening if our stimulus was working and jobs are being created and the deficit was coming down.
The big lie.
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