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March 30, 2010 - Rush Limbaugh Program
35:39
March 30, 2010, Tuesday, Hour #3
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Yes, America's Anchorman is away, and this is your undocumented Anchorman sitting in.
Great to be with you.
Mark Davis here tomorrow.
And then Rush returns on Thursday from his undisclosed location.
He's been uh checking out still functioning health systems around the world.
And uh a lot of a lot of listeners went in with suggestions upon about where he might be.
Uh South Africa and Singapore.
Yesterday it was New Zealand that was in the lead.
Uh but I would say that actually today uh more votes have been cast for Singapore and South Africa.
So Rush will explain where he's been on Thursday.
In fact, where he is now, as we heard from that caller from uh Melbourne uh Victoria in Australia, uh where Rush is now, it's already the day he's supposed to be back on the air.
So he should uh with the time difference, he should just be wrapping up his first show since he got back.
But because of the time delay, you won't hear that show until he returns uh on Thursday, Eastern's uh time, if you follow that.
Uh Markstein In for Rush.
You know, we were talking about Germany and German uh uh overall economic indicators.
There there is a real problem with the rest of the Western world.
And that is why you don't look at health care as a health care issue.
You look at it as a government issue.
You look at it what it does to the overall indicators of the state.
There's a a piece in the Asia Times today, Japan, land of the setting sun.
You know, this has just kind of disappeared down the memory hole.
But if you went back to the late 1980s, uh everybody was uh terrified.
Japan was Japan was buying up everything inside.
Uh Sony bought Columbia.
Uh the Japanese bought Rockefeller Center.
They were gonna take over everything.
And w yes, we are in uh Jap is it still Japanese owned?
Where we're we're we're broadcasting from what was supposed to be the flagship of of the Nipponese invasion uh and uh i i it was their basically their base camp for the takeover of the United States uh and and it's now owned by somebody else, isn't it?
Is it owned by an American or is it uh Nobody knows who owned it now.
But they bought it cheap by the time the Jap the the Japanese paid for Rockefeller Center at the top of the market and they sold it.
Uh they were very glad to unload it and get rid of it.
But remember that's just the day before yesterday.
People were terrified.
The Japanese, people were making these commercials that you'd be going to the shopping mall and uh everybody would be uh everything would be Japanese and uh they'd be speaking Japanese and they were gonna buy up the whole of America.
What happened to Japan?
What happened to Japan?
Japan uh has a deficit now in the latest budget of ten percent of GDP at a time when Japanese public debt exceeds two hundred percent of uh GDP.
Uh so uh and and they're for the first time ever, the tax receipts in Japan are projected to cover less than fifty percent of public spending.
So in other words, this is they're doing like Obama on steroids.
We're just a little below that now, but they're pumped up ahead of us.
By the way, that 200 per cent of GDP, uh if it sounds horrible to think that your public debt is two hundred percent of GDP, we are gonna be second in the world uh among the uh OECD countries.
I mean I've no idea what it's like in uh and I don't think even they do in North Korea or whatever.
It doesn't really count.
Uh but uh but among the developed countries we're gonna be second only to Japan in terms of uh debt as a percentage of GDP in a couple of years.
They're up to two hundred percent now.
Their tax receipts cover less than fifty percent of spending.
So in other words, this is where this this isn't very difficult, because we're heading up uh towards that kind of territory now.
You spend four trillion dollars, but you take in two trillion dollars uh in uh in in tax receipts.
And you do that, you know.
I mean, it it doesn't sound a lot at first, two trillion dollar shortfall, does it?
But you do it every year.
You do it every year, and it starts to add up.
Two trillion, four trillion, six trillion every year.
So for the first time ever, the Japanese are taking in uh less than uh in tax receipts, less than fifty percent of what they're spending this year.
Uh the most notorious example of a government, this is the Asia Times.
The most notorious example of a government whose tax receipts covered less than fifty percent of public spending in peacetime was the German Weimar government of nineteen nineteen to nineteen twenty-three.
Well, there's a heartening precedent uh for you.
Uh but that's what we're talking about.
You know, if you look at the later Weimar years, people had these Deut the Deutschmark was worthless.
It was just like being devalued every day of the week.
So people were taking wheelbarrows to the grocery store to buy uh a loaf of bread.
Um good no good comes of spending at this level.
And this is this is the point to bear in mind that everywhere uh that the big-sized uh Euro Japanese social welfare state has been uh tried, it leads to uh it leads to a demographic death spiral, an economic death spiral that it's extremely hard to pull out of.
Germany is in net population decline, Japan is in net population decline.
The toy manufacturers, who wants to be a toy manufacturer in Japan because there are no children?
They're closing maternity wards, nobody wants to have kids.
Uh the women are all single and don't want to have kids.
Uh so the toy manufacturers, because there's no point making teddy bears and cute little dollies when there are there's no little girls to play with the dollies.
So the Japanese are now toy manufacturers are now making robot companions uh for the elderly, uh, in effect to be the grandchildren they uh though they'll never have.
So that they know just enough phrases to be able to have the kind of conversation that a slightly backward three-year-old would be able to have with you.
And so they'll keep you company in your lonely old age.
The Japanese are manufacturing because the other thing, of course, if you're very old and you've got government health care, who's gonna be your nurses?
Who's gonna be your nurses?
You need to have a certain amount of if you look at just wander around.
I know young people are a pain in the neck and you know, uh they make this awful ghastly catawalling pop music like Ricky Martin and then come out and announce they're gay and they're generally irritating.
I can understand that about young people, but just walk out on the streets.
Uh who digs the roads?
Young people.
Who are the policemen?
Young people.
Who are the nurses?
Young people.
If you don't have a certain amount of young people, it's very difficult to have a s and you have a bunch of old people, you've got to figure out who's going to look after the old people.
So in Japan, they're trying to develop robot nurses, robot nurses, so that when you are in lying in hospital uh in a in a Japanese hospital spending twenty years dying, uh, and uh you they need someone to turn you over for your bed bath, and uh and they can't get a real nurse, they've invented a robot to do it.
And they're they're primitive robots at the moment with cold metallic hands, so it doesn't really it's not too pleasant.
But they're gonna they're gonna invest a bit more in it, and they will develop these uh, you know, robots like more like the Austin Powers Fembots, so that when it turns you over it's actually quite pleasant, and they've got s uh the skin still feels slightly creepy, but it's no more creepy than, you know, embracing a uh your average Hollywood actress and finding yourself uh bruised from her implants.
I mean, th they're they're at least as human as your average Hollywood celebrity.
So they this is where this is where the social welfare state leads.
It leads to uh a deformed demographic profile uh and an economic tail spiral that you can never pull out of it.
Every uh every time uh yeah, you c you pop culture calls it.
There are no Ricky Martin living La Vida Loca.
Because like Ricky Martin when he was all boyish and charming ten years ago prancing around wiggling his butt uh seeing Livy Larita Luca, that was great.
But it's embarrassing when you've only got like seventy-eight-year-old pop stars wiggling their butts and talking about doing the living la Vida Loca.
It's ridiculous.
Uh so y this is every time uh Obama and the Democrats tell you, well, what's so wrong with being a European social democracy?
What's so wrong with being a Japanese social democracy?
Look at them.
Look at their demographic profile, look at their aging populations, look at their unsustainable entitlements, look at their tax rates, look at their GDP, their their invisible GDP growth, look at their permanent unemployment rates, uh by all important indicators.
And then even if you don't want to do that, if you don't want to get hung up on details, ask yourself this.
What happened to all those uh all those uh big s scare stories you used to hear about the rising sun, uh Japan, the Japanese are coming, they're buying up everything.
They're taking it was the day before yesterday, it's gone, it's over, and it will never come again.
Uh so you don't have to worry whatever you have to worry about in the future, you don't have to worry about the uh the Japanese.
So we'll we'll uh we'll talk so I'd uh I don't think we have much to emulate in the German healthcare system or the Japanese healthcare system because they're generally uh They're generally part of a uh a dysfunctional view of the sustainable size of government uh in an advanced uh society.
So we'll talk about that.
Also get into the new militias are back.
Have you ever noticed this?
The scary right wing militia.
You say about them all the time in the Clinton era, and then mysteriously you never heard anything about them during the Bush years.
And now they're back.
They've just arrested all these guys in uh Michigan.
I think nine guys from one of these uh what uh Dan Rather, uh in the days before he started doing watermelon jokes about Obama, uh Dan Rather used to uh call the uh shadowy right wing militia.
This was his phrase.
Every he he'd be running these stories every couple of weeks.
The shadowy right wing militia.
They're back now in Michigan, and uh and we'll get into what that says for all the hate out there.
So if you're a big time hate monger, if you're a racist, misogynist, uh uh love to hear from you.
Uh 1 800-282-282.
I love this.
You know, I was trying to find that Frank Rich story in the New York Times about how we right wing hate mongers only hate the health care bill because we're racists and homophobes and misogynists.
And instead I came uh across the uh obituary of the m prominent American poet I, A.I., that's her name, I, whose work, known for its raw power, jagged edges, and unflinching examination of violence and despair stood as a damning indictment of American society.
She died.
Sadly, she died a couple of days ago.
But the her damning indictment of American society, uh they quote uh from her poem here, her poem Salome.
I scissor the stem of the Red Carnation and set it in a bowl of water.
It floats the way your head would if I cut it off.
This is Frank Frank Rich's a very own newspaper.
Frank Rich writes the things, oh, those hate mongers, they're h those hate mongers on the right, they're using loaded language like battleground states uh because they're so full of rage and violence.
Uh and uh and and you turn the page and on the very next page, there's this fording obituary of the poet I and her savage indictment of American society.
I scissor the stem of the Red Carnation and set it in a bowl of water.
It floats the way your head would if I cut it off.
That's the New York Times approved poem of the day from the EIB network.
Mark Stein Infrarush.
Uh turning Japanese.
I think I'm turning we're turning Japanese.
We're to we're turning Greek.
It's not it's a tragedy for the United States uh of America.
We're embracing, we're embracing uh the strategies that have uh proved so disastrous for the rest of the worst world, just as they're beginning to wake up to the impact.
Let us go to Jim in Portland Bay.
Jib, you're live on the Rush Limbaugh Show.
Great to have you with us.
Hello, Mark, how are you?
I'm doing great, and I hope you're doing uh doing great in uh Portland too.
My uh northern New England neighbor just across the border from me in New Hampshire.
It's always good to have you representing the hate mongers of America while Russia's away.
Oh no, no, no, no.
Rush is the president of the hate mongers of America.
I'm only an assistant deputy vice president of the hate mongers of Northern New England, uh, Jim.
So don't go over over inflating uh my status, please.
Okay.
Well, look, I love it when you talk unfunded mandates.
One of my favorites of all time is the Americans with Disabilities Act.
Years ago, when I was employed by one of our fifty-seven states, um we had uh a person who was a professor in a state-owned college who had been abusing female students for many years.
Right.
We finally f managed to fire him.
And lo and behold, the first time they ever heard the term sex addict was uh in a lawsuit which he filed against us.
Right.
That lawsuit ended up being repealed all the way to the state high court.
That's right.
I remember I remember this uh case.
Uh uh because uh th it's one of those ones where you think, wow, they cannot be serious.
Uh sex addiction.
So he was basically saying he was just hitting on all these chicks because it was a medical condition.
Couldn't help himself.
And uh he was uh in a protected class under the Americans with Disabilities Act.
Now, of course, the part of the m of that uh unfunded mandate that people don't realize is that although we prevailed, it took two years and uh an untold amount of expense in terms of uh court Filings and uh legal time and so forth to to try to uh to win against it.
Yeah, and that's that's the other thing that people forget about this expansion of government, uh that uh the the c the the sheer time and money uh that the ever more complicated uh regime the government imposes on you uh costs you in real in real time and in real economic activity.
What whatever you spent taking that to the main Supreme Court, you could have spent on uh on far more genuine uh wealth generating activities uh in Portland and in and in the main area, couldn't you?
Aaron Ross Powell Exactly.
And then you you look at then the one that just makes me quake in my boots is the idea of sixteen thousand more IRS agents because it'll be the same kind of thing.
And you can you can be right, but it can cost you dearly to prove that you're right.
Aaron Powell Uh Yeah, that's that's right.
Where uh when you say the sixteen, I think it's actually sixteen thousand five hundred extra IRS agents uh that will be taken on to comply with all the uh different tax implications of Obamacare.
This is the biggest expansion of the single expansion of the IRS since the Second World War, which gives you an indication of what Obamacare is going to do to the tax code, because this uh country already has an overcomplicated tax code that is an abomination to a free society, uh and where and we're expanding the reach of the IRS in the biggest single uh growth of the agency uh since the since the uh since the Second World War.
So at some point, you know, and just to bring up another point, Jim, um this insulation thing, this green insulation thing uh that there was in the stimulus package over a year ago now, and where uh apparently only a small number of homes have been done.
This is because this is because the federal requirements in who you can hire to do the work in in uh in in insulating your home according to the federal green stimulus uh thing are so complicated, so complicated uh that even the federal government which designed the thing uh has taken over a year to try and figure out the the precise rate they're allowed to charge in all the different three thousand counties of of the United States.
So at a certain point I think government, uh particularly with unfunded mandates, but g government can transfer so much to the private sector, so much of the effort involved in policing uh and enforcing uh these various codes and regulations.
But at some point the private sector just throws its hand up and gives up, surely.
Yeah, exactly.
And and any bill with over two thousand pages in it is uh only going to benefit the trial lawyers and and uh probably work to the detriment of most everybody else.
Yeah, and there used to be in under common law, there used to be a very basic uh uh uh uh a very uh basic principle that ignorance of the law is no dispute, uh is no excuse.
And that was a very uh reasonable position to take when laws were three or four pages long.
When you have laws that are two thousand pages long and the guys who vote on it don't read them, and the people who pass the bill don't read them, and the people who pass the bill go on meet the press and claim there are things in that bill that aren't actually in that bill.
Uh at that stage at that stage ignorance of the law uh when even the legislators are uh are ignorant of the law, nobody can know this law.
And you're no longer living under a regime of laws.
Because if it's impossible to know the law unless you hire uh high priced legal advice uh as you had to pay and spend to to get off this sex addiction thing, not your sex addiction, I take it.
But the sex uh the the sex addiction of your former employee, uh then there is no equality before the law, because then it just becomes a matter of whether you can afford to fight the thing or whether you you whether you ca you just have to give up and and settle it.
But but for the moment, sex addiction is not a recognized disability in the state of Maine.
I'm not sure I'm not a lawyer, so I don't really know.
But the point is if someone files a claim and if they get the thing moving, you have to defend against it.
Trevor Burrus, Jr.
Yeah, that's that's true.
And there and really once sex addiction becomes a uh recognized disease, and particularly if it's a n one of these pre-existing conditions that you can't turn people away for, uh then basically everything, everything is an illness, isn't it?
Because there's like some there's uh there's entire vacation resorts uh set up in Florida.
Like spring break is just like sex addiction break, isn't it?
So that would be that would be like an American with disabilities act convention under this uh under this interpretation of the law.
I mean, uh at a certain point there's uh you cannot go anywhere with this.
Uh eventually you will the Leviathan will bring it all crashing down.
And there will be no point even to being a sex addict because you'll be too depressed even to hit on any checks because you're just paying so much to support the government.
So even if you are a sex addict.
Even if you are thank you for your call, Jim, by the way.
I'd forgotten that.
I went all the way to the Supreme Court.
So even if you are a sex addict, you think this is wow, this is great.
Americans with disabilities act, now I can be a sex addict on the government's dime.
Uh no, it's not going to be well work like that.
Because uh eventually, even in a massive dependency culture, uh it just leads to the gray drab uh empty shelves uh of your average Soviet emporium.
There is no future in going down this road.
More straight ahead.
Yes, America's anchor man is away.
Your undocumented anchor man sitting in.
Mark Davis will be here tomorrow and uh Rush returns Thursday.
Uh you know, we were talking uh earlier about the uh the s the the size of this legislation, these two thousand page bills.
The Homestead Act.
The Homestead Act of 1862 that uh uh basically opened up uh land uh uh for uh uh granting uh land to heads of family, a hundred and six I think up to a hundred and sixty acres uh for a minimum uh filing fee and five years of continued residence on that land, uh opening up the expansion of the United States, uh be beyond the Eastern uh beyond the Eastern Coast, critical act in the growth and uh development of this nation.
It's two pages long.
It's two pages long.
Uh and the guy who, by the way, the guy who wrote that legislation knew what was in it, because he wrote it in his own hand.
It wasn't one of these things where they farmed it out uh to a zillion different committees and uh uh uh and uh and and legal aids to this or that senator.
It's two handwritten pages, a vast transformative act.
Uh this health care bill is two thousand pages, nobody knows what's in it.
That that uh that uh represents the corruption of Republican government.
Uh you can't have informed citizens uh when you have two thousand page uh bills.
You can't even have informed legislators.
Nobody knows what's in these bills.
Do you remember when people were saying uh they were talking about passing a law requiring congressmen to have read the bill before they voted on it.
And John Conyers said no point making me read the bill because I wouldn't understand what's in it anyway.
So there's no point.
There's no point uh even asking these uh guys uh to read the bill because they can't understand it.
They can't understand it.
Uh you don't know what's in it.
There's no Republican government in any meaningful sense what that when that happens.
All you have is rule by technocrats.
All you have is some guy, you don't know who he is, you don't know his name.
He's sitting in some building in Washington, and he will make the determination on the particular interpretation of whatever happens to be the lingo in this bill.
But i if you don't like him, you don't you don't know who he is, you don't know which department he works for, you don't know how his particular provision got in the bill.
Where do you go to to vote him out?
This whole thing is an abomination and an affront uh to genuine Republican uh Republican government.
Let's go to Maggie in Miami.
Maggie, you're on the Rush Limbaugh Show.
It is great to have you with us.
Hi, Mark, thanks for taking my call.
And can I just say I love your accent?
Really?
Yes, I do.
It required it required years of uh vocal coaching by one of uh Broadway's best vocal teachers, by the way, uh, to to get me.
You don't you don't want to you don't want to hear what I sound like normally.
But anyway, that's very nice of you.
That's very nice of you, Maggie.
I'll try and keep it up for another twenty minutes or so.
Uh but uh great great to have great Yeah, it's like a sort of Merrill Street thing, you know.
I can just uh I can just like if I'm at the airline counter buying a ticket or whatever, I've got a complete I I sound more like Gary Cooper.
You know, I can do all kinds of things.
Uh great to have you great to have you with us anyway.
What's your what's your point?
Well, according to the Liberals, I am a triple minority radical.
I am a woman of Hispanic descent.
I am gay and I go to tea parties.
However, I do.
You're a gay Hispanic you're a gay Hispanic woman tea party, yeah.
That's right.
I consider myself an American.
Right, right.
But as far as the liberal as far as Frank Rich is concerned, you are in fact a racist homophobe misogynist because the category that counts is that you go to tea parties.
If you go to tea parties, uh you must uh hate black people uh and you must uh hate women and you must hate gay people.
So congratulations, Mag Maggie, you've hit the trifecta there.
Couldn't that's great.
I know.
But my question is this.
I mean, I have health insurance and my health insurance provider.
Um you can get your you could provide uh insurance to your twenty-three year old, providing that they go to school full time.
Right.
And you have to provide proof.
So I'd like to know um what is like the if the government's gonna have a prerequisite to have your twenty six year old on your health insurance.
Because the way I look at it, then I guess the they're just they're defining you're a child up until the age you're twenty-six.
Right.
So if that's the case, if you're a child up until the age you're twenty-six, then they need to raise the drinking and voting age to twenty-seven.
Right, right.
I th I I wholly agree with you.
I think the age of consent should be raised to twenty seven too, 'cause I don't think these kids I think the letting these kids uh uh get any kind of action, get any heavy petting or all the rest of it until they're fully mature on their twenty-seventh birthday would be a disaster.
Uh we shouldn't let 'em vote until they're twenty-seven, and uh we certainly shouldn't let them have a uh glass of alcohol until they're twenty-seven.
So you want a kind of harmonized uh age of majority in the United States.
Well, if if they they're defining a child to the age of twenty-six, then I guess they're not an adult until they're like twenty-seven.
Right.
I mean, and when you I mean that's the way I'm um that's the way I view it.
I mean, if they're viewing that you're rich because you make two hundred and fifty thousand dollars, then I guess um I would view that you're a you're an adult when you're twenty-seven.
Well, it's true.
If you if you're a child for the purposes of health insurance until you're twenty-seven, uh then on what basis uh you basically the state is saying you're so vulnerable, you you still require the uh the protection uh of of your uh of your parents until the age of twenty-seven.
At what state why then would uh w should someone be going out, you know, when they're just a kid, when they're just twenty-four, twenty-five, why should they be going out uh down to a bar and having a couple of beers?
You're right, that should be put up till the uh age of twenty-seven.
And they shouldn't vote, uh, because they're not m they're not mature enough to vote, and when they do they just vote for Obama who increases their health care premiums seventeen percent.
So you're right, I think that uh that this makes sense.
We should have a revision of the law of uh of the age of majority, uh and that these little children, these vulnerable little children of twenty-six and a half, uh whom people are exploited by luring them into bars and luring them into uh in into uh meaningless uh sexual activity, this is a disaster.
We should prohibit all that until their twenty-seventh birthday.
Good thinking, Maggie.
That's that's terrific.
I hope I hope the Democrats will take you up on that.
Yeah, right.
I'm I'm an oddball as it is, so just as a matter of interest.
You enjoy go to those tea parties, uh you I love it.
I love it.
I meet the nicest people.
I mean I mean at least I meet people that have an idea they know what's going on.
I don't I mean, I've actually I I remember going to a gathering where they were all the gay people at the gathering and I they were s you know talking about Obama and then I I said I didn't vote for him.
I thought everybody was gonna have whiplash because their head just snapped.
And I'm like not.
You're not you can't you can't really be gay if you if you didn't vote for Obama, can you?
I mean it's not uh absolutely why not.
I have I have a I have a common sense approach to life and I have a common sense approach to politics.
But I mean I d I thought you'd get I thought you got drummed out of the movement if you if you like wander off the uh wander off the reservation.
They like like tribal solidarity in identity group politics.
You've all got to vote one way, uh you've all uh and uh and uh you g you gotta stick within you gotta stick within the tribe, you've got to stick within the identity group and you and you can't wander and you can't wander too f too far.
But you you feel uh you feel you're actually getting uh a fairer shake with the tea party crowd uh than you do uh than you do when you go to the gay group get togethers.
Well, and and I really even don't even go to gay group get togethers anymore, but it's just that I just I I think that they're so clueless.
Most people and it just doesn't have to mean the the gender.
I just in general, a lot of people are just clueless to what's going on.
They're they're not getting their information straight, they're not researching the information.
And when I do go to these tea parties, I I mean I'm involved with a group and everything.
You at least you could sit and speak politics and the issues, what's going on with people that just ha can think for themselves because it's all about thinking for yourself and making the best decisions for your family because the government does not have to get involved in every single decision that you make.
That's the way I feel.
I don't feel government has to get involved in w whatever decisions I make.
I believe in low taxes.
I don't think just because you're rich you need to pay more taxes.
because it's those rich people that are the ones that own the businesses that provide the job for the majority of people.
It's like I have a common sense approach to looking at how government should rise.
Thanks.
Thanks for your call, Maggie, and you're absolutely right, because uh what would you rather do?
Would you rather the rich guy takes his money and he spends it on the local businesses uh and he spends it in his local community, or would you rather he writes a check uh and mails it to uh Barney Frank and Nancy Pelosi and Harry Reid to spend as they think uh right.
And that's the that's the really the choice here.
I mean it's not it's not a terribly difficult one to make.
It's uh it it's basically that uh uh who knows who even if you accept that the rich guy is selfish and overpaid uh and has all these uh decadent and unhealthy tastes, he's not like Scrooge McDuck.
Uh uh Scrooge McDuck is the only rich guy who takes his money in dollar bills and keeps it in a warehouse and drives it back and forth in his tractor every day.
Other than Scrooge McDuck, rich guys take their money and they spend it in their neighborhood, uh and they spend it in their community, and they spend it buying stuff and they spend it investing stuff, uh, and they spend it hiring people.
So would you rather they did that uh or would you rather uh that they that he just wrote a big check and mailed it to uh Barney Frank and Nancy Pelosi and they decided how the rich guy's money uh should be spent.
Because that's basically the choice here.
Uh the choice is whether you want you you think uh Barney Frank knows how to spend the money, or whether uh Nancy Pelosi uh uh and uh sh knows how to spend the money, or whether the rich guy just spending it on stuff he'd like to do, on uh projects he'd like to invest in, on uh people he'd like to hire will actually do a uh do a better job of that.
Uh very good example.
Uh this is uh from The Guardian, left-wing newspaper in London today.
The loss of up to three thousand jobs in City of London hedge funds and private equity firms is a price worth paying for tougher rules on the sector.
An influential European member of Parliament said today, Jean-Paul Goose, the European Parliament rapporteur on a proposed directive on alternative investment.
Now they uh proposed directive on alternative investment.
This is what I was talking about.
This is where Barney Frank decides what he'd like to put the rich guy's money into.
Uh Jean Paul Ghost said, if the directive wipes out two or three thousand speculators, I am not going to be sad.
In his first trip to London in more than thirty years, goes said that Europe should become a fortress uh uh uh of non-European hedge funds.
In other words, this guy is saying we're not gonna let we're not gonna let the market uh determine where people invest their money.
Uh we're gonna insist that people give their money to the political establishment and the political establishment will create a rigged market.
Uh and that is basically the express elevator uh to the septic tanker history.
Uh and uh this is always the way it works.
The rich guy, the rich guy, uh just spending his money on what happens to interest him uh and where he happens to think it should go will always do a better job than Barney Frank spending the rich guy's money for him.
Lots more straight ahead.
1800-282-2882.
Mark Stein in for rush.
We were talking to uh Maggie, who was uh a gay Hispanic uh female, and yesterday we were talking to uh Cynthia, who was another gay lady.
So I don't know whether this is uh uh this is uh a higher than normal quotient uh uh HR for in terms of the uh number of gay female um uh callers on the show.
But I think that just as we're messing with Frank Rich's head, I think we should try I think we should try and do an all-gay show at some point uh in which we will get uh we'll get all lesbian callers uh and just make Frank Rich's head explode because this will make this make the Rush Limbaugh show the number one uh show for uh right wing lesbian hate mongers and just make Frank Rich's head explode.
Um let us go to Doug in Great Falls, Montana.
Doug, uh you're live on the Rush Limbaugh Show.
Great to have you with us.
Hi, Mark, I can't help you with that lineup.
Uh straight white married male here.
So straight white, married male.
Ugh.
You're just pla pandering to Frank Rich's stereotype, you hate monger.
Well, we'll make an exception and let have uh uh Doug, you can be you can be the angry white male of the day.
So give it your best shot.
All right, Mark.
Hey, you know, I'm 47.
My dad was born in 1834 when he was twenty-six years old.
He had two kids, owned a business, and have been supporting his mother and his little brothers for twelve years.
Now that's a grown-up man in my book.
Right.
And now we're gonna tell kids you're 26, but yeah live with mom and dad, we'll pay for everything, and we'll pay for your health coverage too.
It's another question I had.
It's uh and I'm gonna cover the kids of kids.
Does the 26-year-old with three kids are the three kids covered under Obama's plan?
So wait a minute, so wait a minute.
The 26 the the y uh the the 26-year-old's kids, they would be covered by his health insurance, which would be covered by his parents' health insurance.
So at that point, the uh the 48-year-old parents of the 26-year-old kid would have every incentive uh to move in with their 73-year-old parents and put it all on the 73-year-old parents' health insurance.
You're absolutely right, though, when you say this.
Any society in human history would have regarded a 26-year-old as an adult uh who in normal circumstances would already have uh formed his own uh family, uh started a job, be growing a business, be living in his own home.
And uh there's a serious point to what you say, Doug, because uh one of the reasons why other Western nations are in the hellhole they're in is because of delayed family formation.
Uh in Japan, where none of the women have uh none of the women want to have kids, uh they're they're they're 30-year-olds, they're living at home, uh, they're single and they're childless.
Same thing in uh Germany.
They've got words for these things now.
Um they call them uh in Italy the um Bambo Bambocioni, I think it is.
And in Japan, they're called um the Parasitu Shinguru, which is uh parasite singles, they call them, and they named it after the uh a horror film called Parasite A Eve, in which uh alien spawn grow in human bellies and feed off the host uh until they're ready to burst through, like in alien.
Um and uh in Germany they're called nest uh nest hawkers.
And in Britain they're called uh kippers.
Uh kippers, which stands for kids in uh let me get this right.
Kid kippers, kids in parents' pockets eroding retirement savings.
And uh so this is a phenomenon now across the uh across the Western world.
Uh seven out of ten uh adults aged eighteen to thirty-nine in Italy uh live with their parents.
There is no future going down the Italian path.
More to come.
Mark Stein on the E of EIB Network.
The time has flown by quick quicker, quicker than sitting in a National Health Service waiting room waiting for your hip replacement for for three years.
We've covered it all today, from Larry King to to man boobs, and uh it's been great it's been great to be with you.
Uh I love I love being uh uh a Rush Limbaugh guest host.
It's uh it's a pre-existing condition.
Um although oddly enough I don't believe I believe it's the last pre-existing condition that isn't covered by uh Obamacare.
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