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April 8, 2010 - Rush Limbaugh Program
37:28
April 8, 2010, Thursday, Hour #2
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And let me ask you this question, folks.
What's going to happen when that 47% who are not paying any income taxes become 50%, which is certain to happen during the Obama regime.
All you have to know about that is that a family of four making $88,000 a year gets their health care insurance subsidized with the new health insurance bill.
88 grand family of four will have their health insurance subsidized by everybody who makes more than 88,000 a year.
April 15th is no longer going to be tax day.
It's going to become Christmas Day to the 50% of the people who don't pay income taxes, who are going to soon realize, if they don't get already realize it, that tax increases will lead to a better lifestyle for them.
So this is how you do it.
This is how you this is how you create a permanent underclass.
You have to make we had a call if you're just joining us.
Guy from uh Pennsylvania made $30,000 a year or made $30,000 last year, had $900 in taxes withheld.
His income tax refund is $2300 because of all of the earned income tax credits and child tax credits and so forth that he qualified for using IRS rules.
And he said he had a crisis of confidence and conscience.
He didn't know what to do with this.
Because he thinks the system sucks.
But it's tough to give the money back.
My grandfather for his whole life tried to give his social security check back, and they wouldn't take it.
So he gave it to charity, uh created an account, just put the checks in there every month, let it build up and then gave the money to charity at some point.
But regardless, you have to make being poor comfortable.
And this is how you do it.
88 grand a year, which is not poor.
88 grand a year, your health insurance is subsidized under this regime's health care plan, $50,000 a year and less, and you pay no income tax.
Gotta make gotta make it comfortable, though.
So people will just be satisfied enough to stay there.
And then hopefully, if you are the one designing the permanent underclass, you want them to quickly learn that their well-being depends on future tax increases.
Now the super rich uh they're protected by their friends in Congress.
The super rich, the people that are rich with no income.
They don't pay in.
If you ever wonder why all these rich Democrats always support tax increases, because they don't pay them either, because they don't have earned income.
I'm talking about the super rich who inherited a bunch of money or worked for a lot of money and then retired and have that nest egg of gazillions of dollars and it earns um you know investment income.
They are gonna get taxed now with Medicare on that, but 3.8% of the first time, but they take care of their rich buddies, they take care of themselves.
And they're taking care of the uh of the non-producer.
Anyway, uh greetings, folks, and welcome back.
I am Rush Limbaugh.
This the EIB network at the Limbaugh Institute for Advanced Conservative Studies.
Also, in the first hour, I threw down all inhibitions and made the point that what is happening in this regime and in Congress is nothing different than what would be called crime and fraud for which you would go to jail in the private sector.
Stealing, bribes, payoffs.
Virtually every way that they use to get this health care bill passed involved criminal activity if it took place at a corporation or a small business or in your neighborhood.
Now, i i they these guys make Bernie Madoff look like a Piker.
And these guys, Obama Pelosi Reed, they are hurting more people and Bernie Madoff ever dreamed of hurting.
They are bilking more people than Madoff ever dreamed of bilking.
And yet when they do it, it's called compassion.
It's almost virtue, the way they are described, virtuous.
Look at what they do for people.
Look at how much they care for they are stealing.
They are printing money that they don't have.
They are bankrupting the country.
They are destroying the very engine of wealth creation that has enabled them to redistribute this wealth in the first place.
And as they continue to destroy that, they are gonna continue to run this country into the ground with more and more debt, higher deficits.
It's a never ending cycle if the policies of this regime are not stopped.
Here's another example.
Insurance companies.
The states have laws on insurance companies.
We've had this call from our insurance babe in Georgia.
They have a requirement that they have certain cash reserves on hand to pay out claims in case of an emergency, or something that involves a lot of claims being paid off at one time.
Shouldn't that apply to government health care?
Shouldn't the federal government have the same requirement that insurance companies have?
Shouldn't they be required to have a cash reserve on hand?
Well, no, they will not have a cash reserve on hand because they don't have any cash.
They are bankrupt.
We don't have any money.
All they'll do is print it or borrow it from someplace, somebody, and spend it, and they will run these poor private insurance people out of business because the government does not have to make a profit, which is a good thing, because there's nobody there that knows how to.
In fact, most of the people in this regime look at profit and sneer.
They see profit as greed.
You know where the real greed is?
The real greed is at the White House.
The real greed is in Pelosi's office.
The real greed is in Harry Reed's office.
The real greed is throughout Washington, D.C. What else would you say?
See, when they talk about rich corporations, greedy corporations, what are they saying?
They're exploiting the proletariat.
They're exploiting people.
They're expecting high prices, lousy service, and killing them with bad cars and so forth, and it's just a pursuit of greed.
What the hell is what they are doing if it isn't greed?
They have the power to act on their greed by stealing other people's money.
Calling it the tax code or calling it printing money they don't have.
You talk about greed.
These are the people that don't spend a dime of their own money, but give yours away in order to buy votes to keep themselves in power.
That's another thing.
You try that at a corporation, see how long you survive if the SEC hears about it.
Greed, corporate sector.
No.
Pursuit of profit?
Yeah.
But that's even been demonized.
These people in the White House, these people in Congress sneer at the very fact back to profit.
They somehow believe that a company will stay in business with a zero balance sheet.
They spend as much as they earn and they'll keep doing it.
The company will stay in business.
So they and they need it to stay in business so they can continue to fleece it.
And yet the thing that allows them to fleece it, profit, they attack.
Little change of subject here, but because I'm I'm getting bombarded with this people are genuinely upset.
This guy that threatened Pelosi is not all there mentally.
KGO Television in San Francisco's reporting that the mother of this, his name is Greg Justy, the mother, Eleanor Justy, who's 83, uh believes that he got his radical ideas from watching Fox News.
And that's what's being reported.
So they are now criminalizing Fox News.
They're trying to criminalize talk radio.
Let me ask you a question.
What did Fox News do except tell the truth about the health care bill?
Do you people in the White House, do you people in the media, do you ever stop to consider that you have an intelligent informed electorate who simply doesn't like being raped?
And being raped is what is happening to people in this country by their government.
No other way to put this.
Do you think it's quite possible that people know what's happened here?
They know the financial condition of the country.
They know this can't be sustained.
They know that this government is governing against their will.
They know that 55% of them oppose this, and you expect them not to be mad.
You think it takes a Fox News or talk radio to work them up?
They're worked up on their own.
These are Americans.
They're far more informed of what's going on than most of you in the media are.
Learn it, love it, live it, and stop trying to criminalize citizenship.
Because it's all that's going on out there.
Back after this.
Welcome back.
Rush Limbaugh here on the Excellence in Broadcasting Network.
Yesterday...
We went through a detailed explanation of what's wrong in California.
$550 billion in underf unfunded pension liabilities for state teachers and public employees.
$550 trillion.
A billion.
Over half a trillion dollars.
The taxpayers in the state of California are liable for this.
At some point, the regime is gonna have to bail out the state.
And when that happens.
Guess who calls the shots in the state?
The regime.
The regime calls the shots in the school lunch program and school curriculum because of the school lunch program, wherever they give money.
Look at compensation on TARP-based companies, uh ownership of the automobile companies, practical ownership of uh of some banks, near ownership.
Once the regime gets its fingers in it, they own it and they run it.
Multiple states are facing level five financial hurricanes, and Obama is silent about it.
Every lie, every lie being spewed by a liberal about George Bush's calculated incompetence regarding Katrina and New Orleans and its aftermath is exactly true about Obama.
Multiple states facing cat five financial hurricanes and Obama is silent.
MIA has Obama ever said a word about what Chris Christie is doing as governor in New Jersey to save it from bankruptcy.
Even Democrats, I got the story here, even Democrats are starting to side with him on cutting back pensions and payoffs and so forth to unions.
Even Democrats in New Jersey.
A pleasant political surprise, according to the Washington Examiner.
Has Obama ever once cited this guy and what he's doing as a model for what we need to do around the country or even in Washington?
Of course not.
Is there a plan in place to cut taxes and help grow the job base?
No.
Are there warnings to states they better cut spending and not look to Washington for help?
Of course not.
A disaster preparedness plan exists for all of this.
It's called conservatism, and it will be elected in mass in November.
California, New York, New Jersey, all financially underwater.
The levees.
Speaking figuratively here.
Poorly designed and in need of immediate repair.
Unemployment is the storm.
Public sector pensions are the floodwaters.
The state's leaky budgets are the levy.
And Obama is not warning one of them about it.
In fact, he's tacking on more expenses by shifting even more Medicare and Medicaid expenses to the states in his health care plan.
Therese in Littleton, Colorado.
I'm glad you called.
You're on the EIB network.
Hello.
Thank you, Russ.
I am furious.
I would re- I've been trying to get on your program for years since 1993 listening to you.
I'd love to tell you how much I love you and how much you've inspired me and changed my life.
But I don't have time because I'm furious with that gentleman that called.
I am so tired of people looking and saying, Oh, I'm guilty, but then doing nothing about it.
You know what?
It's about time that people get off the door when they don't need to be on it.
Because they're looking, they're going to the government knowing that they're going to their neighbors to get a handout versus just getting off their butts and working.
And you know what?
I am just furious.
My husband and I my husband and I have made less than $15,000.
Well, less than $20,000 in the past two years in a row, because we've worked our asses off up to that point to get him through a doctorate program.
We've opened up our own business this year, doing up and uh we're being hit by this insurance thing too because we're an upper cervical spinal clinic and we're cash only because we refuse to be dictated to by insurance companies and by the government.
And it is hard work to be a business owner.
It is hard work to to go out and make it on your own.
But I refuse to do it any other way.
And I I l I look to my family for the support that they've given me.
I look to you to give to empower us to be able to say, yeah, we can do this if we work hard.
And I'm just furious at being in my early 30s and being hit by this is our nation.
What has happened?
You know, you you said two days ago, I think it was, or three days ago, you asked about kind of what we think about the generation around us.
And I have to say the the people that we associate with, the friends, our friends are very intelligent people and they work hard, and most of them are business owners, and we can really commiserate with one another right now.
And it's just infuriating.
What is happening?
And I and and really I thought I was gonna call you and I was gonna say, you know what, we're a really awesome generation.
And then I get I hear that phone call from that gentleman who's just so happy to go to the government to get assistance.
No, no, no, no, wait, well, one c he was not happy.
He said he had a crisis of conscience because he didn't want he didn't like it at all.
He didn't know what to do with it.
Then stop.
Why do you need to look to somebody else to clear your own?
No, no, no, wait, wait, no, wait, wait, wait, wa hold hold a second.
It's more it's more insidious than that.
He didn't try to get this.
He went to the IRS website, he f he filled out his tax form as they directed, put in all the numbers that they said he needed to put in, and he was shocked to get his 2300 refund check when his total tax liability was only 900.
The government arranges it.
This is how you go about creating a permanent underclass.
Your anger, your anger should not be at this guy.
Um because your anger now there are some people out there who are gaming the system this way.
Uh and and your your anger at them is justified.
Your real anger ought to be at the regime.
It I it is.
I believe me, it is.
I'm so I'm just tired of it all.
And I I I look to the future and I think really I I don't I there's a part of me that just doesn't know what to do.
And then at the same time I I know that there are intelligent, strong, self-motivated people that would never never go do that.
And those are the people that are being demonized, like you've said so many times by the media.
You know, the key part, it's just I just can't believe it.
I cannot there are days that I just shake my head, I think, how is this happening?
Look at what they're doing to this mine owner.
Look at what they're doing to this mine owner up in uh in West Virginia.
They are trying to criminalize this guy, not because of his violations, but because he donated to a legal political party legally, the Republicans.
This this uh this blankenship guy, they're trying to criminalize meanwhile, Rom Emanuel can stand up at a banquet at the head table, start yelling the names of politicians and stab the table with a knife and shout dead, and nobody gives or care about that.
But they're trying to destroy this guy.
They're trying to criminalize work.
They're trying to say that you and I and everybody else like us that work, we're the ones that are greedy.
We're the ones who need to have our taxes raised because life's to been too fair for us, and these poor people that don't have anything uh w it the theft that this that is being taken from the theft is being performed on us is called virtue and compassion.
It's it's really it's just outrageous.
And you know, Rush, in opening this clinic that we've opened, it's the b the people that come to us because we're cash only, the people that come to us are are typically people that are either paying individual insurance so they get it, or or they're not um uh they really understand they they want to take their health into their own hands and so they see the value in it.
And it's our patients that you know we help our patients that have insurance get reimbursement for this.
And they're the ones that come in and say, you know, how why aren't you doing this?
They why aren't you why aren't you in uh a member of why aren't you taking insurance?
Why aren't you um doing this?
And they actually tend To not see because their employer is paying their insurance for them, right?
They they don't see it, and so they look at it in a different way.
And it's just it's amazing to me because I think that that sense of entitlement.
I just how do we get the hefty people that when the more that you're entitled, like the more that you have this sense of entitlement, and you have to keep looking at who's giving you that sense of entitlement, and if you give them that right, then there is soon enough they're gonna dictate,
and like you said, they're gonna they're gonna act like they are um they're they're compassionate and they're giving with this whole health care thing, but you just wait, and then they're gonna screw you because you've looked to them and you said we want you to be the provider, and guess what?
They're gonna screw you.
And I just I just blows my mind that people don't see it.
Well, no, wait, wait, wait, wait, wait a second.
If you look at the polling data out there on any issue, or at Pelosi, Obama or Reed, you'll see that a clear majority does get it.
They may not get every stinking detail, but they know something's not right, and most of them are very sophisticated in their knowledge of what's going on here, and that is why the Democrats are going to lose bigger than they have ever lost before in November.
It is it's it's gonna be the equivalent of a political bloodletting.
The uh the anger, all Obama has to do is uh do his next agenda item, and he alone keeps the agenda item up and the and the momentum against him up.
It's uh don't think you're alone out there.
You you really aren't.
Uh, the real question is what's gonna happen when the under 50% who pay taxes stop paying them?
What's gonna happen when they shrug?
That's the question everybody should ask.
Now they tell us.
Now they tell us.
Get this, folks.
This is uh what is this first from the Hill.com that on the money blog.
Fundamental changes to the federal budget will be needed to rein in unsustainable deficits, according to the Congressional Budget Office today.
U.S. fiscal policy is unsustainable and unsustainable to an extent that it can't be solved through minor changes, said the CBO director.
Where was this before the health care bill?
How come you didn't tell us this before you scored that health care bill as deficit neutral?
I'll bet you nobody's gonna pay attention to this.
They take the CBO's word for gospel when they score legislation and come out with news like this, and it's on a blog.
You have to find it on a blog.
Use uh U.S. uh fiscal policy unsustainable and unsustainable to an extent that it can't be solved through minor changes at Doug Elmendorf to reporters at a Christian science monitor breakfast.
Spending on Medicare, Medicaid, and Social Security plus defense programs and debt interest will exceed the rest of the federal budget in ten years if most of the 2001 and 2003 tax cuts are extended.
What?
As Obama has proposed?
Wait a second.
Obama hadn't proposed extending the Bush tax cuts.
So this clown's blaming tax cuts for this spending on Medicare, Medicaid, Social Security plus defense programs and debt interest will exceed the rest of the federal budget in ten years.
How about it exceeds it now?
What is a deficit of one and a half freaking trillion dollars?
If most of the 2001 and 2003 tax cuts are extended as Obama has proposed, Elmendorf.
What have I missed here?
The Bush tax cuts are gonna sunset at the end of next year, aren't they?
Oh, the middle class tax cuts are going.
The middle class tax cuts are gonna extend it.
I hadn't heard that.
But um where was this?
Where was this analysis before they lopped on off?
Look it, you really can't blame the CBO.
They can only use the number Congress gives them, and Congress lied to them, gave them a bunch of numbers that don't make any sense whatsoever, just to make sure the CBO score would come in at under one trillion dollars.
But the full ten year cost and expenditure equation on health care as designed is two and a half trillion dollars, not nine hundred billion.
It's two and a half trillion dollars.
And now this guy today tells us all this is unsustainable.
After waving his magic wand and making another two and a half trillion dollars added to the budget.
Okay.
It gets even worse.
Fed reserve chairman Ben Bernanke warned yesterday.
Americans may have to accept higher taxes or changes in cherished entitlements like Medicare and Social Security.
If the nation is to avoid staggering budget deficits that threaten to choke off e threaten to choke off economic growth.
How about that have choked off economic growth?
These choices are difficult.
And it always seems easier to put them off until the day they can't be put off anymore.
Bernanke said unless we as a nation demonstrate a strong commitment to f this is gonna say this is not our problem, but actually part of it is our problem.
Part of it is blameable on whatever percentage of people in this country who refuse to work and accept their definition of citizenship as being entitled.
Because they do elect people like Obama who will keep their gravy train flowing.
US faces difficult tax choices, Bernanke says, facing unsustainable budget deficits.
The US will have to make difficult choices between higher taxes and social spending.
Does anybody really believe that there's going to be any cuts in any spending?
Will there be any cuts in any in hell?
We just added a brand new entitlement.
We're not gonna be cutting any entitlements.
This is why I say and why I have been saying, A, I hope he fails, and B, this stuff is being done purposely.
We have a president who does not like this country very much.
We have a president who apparently does not like Americans very much.
And for whatever reason, he's seeking his revenge here for whatever it has done to him or whatever he thinks this nation's done to his brothers and sisters, his people, whoever he's identifying with.
He's got he's he's out there, he thinks this country needs to make amends for something, and he's seeing to it that we do.
Who's next on this show?
Ken's at Arkansas.
This is uh this is Ruth.
Welcome, Ruth.
Great to have you on the program.
Thank you, Mr. Rush.
I appreciate that.
You bet.
Let me just thank you, thank you, thank you for what you do.
I don't know how you do it.
I'm a little nervous here, but we just appreciate what you do, thank you very much.
You don't sound nervous at all.
Oh, well, let me tell you, I may get to go in here.
Um we are mad out here, with no no doubt about it.
I don't really have any great words of wisdom, and tell you the truth.
People may get aggravated at what we do.
One of the things my husband and I do is volunteer for our church's um food pantry.
And um I can tell you that uh it is not getting better out there.
We have more people than we have ever seen.
We're a small pantry.
We give away food and clothes once a week.
What kind of cl uh for food do you give away?
Well, uh, whatever we can get from the uh food bank and our and Little Rock.
Uh and it depends on what they have, what we get.
We get canned goods and meats, dry goods, things like that.
You give away food that has to be cooked.
Yes, sir, we do.
And some of it is not.
But uh some of it is.
Uh some of it's perishable, sometimes there's fresh produce.
It just depends on what's donated to them.
You know, I feel like I'm doing this show in the nineteen thirties.
Yeah, well, you know, I know people but people are hurting out there.
We have more homeless than we've ever seen before.
We feed between twenty and thirty families uh a week, and that and we're a small pantry, and uh we have more people living in churches, living out of their car, moving into garages with friends because they're hurting out there.
And these and some of these people know they're not looking for work.
We have elderly and retired um that need help.
But also we have people that come in that are looking for work.
Every week we have people coming in asking if we have any ideas of work, you know, where would they might find work or workloads, you know.
Um but it i it is sad out there.
It is hard.
And and they there's little children living in places like this.
And it's hard on people.
I just I just don't know how you do what all you do.
I can't even stand to watch Obama, tell you the truth.
Um how you can watch them and listen to them, and then of course you have to, I know, to report and everything.
But it is unreal.
I tell you, I'm gonna tell a little story on myself.
Years ago, oh, back in the last century, as my husband likes to say, he came in one evening and he said, Have you heard about this Rush Limbaugh guy?
And I said, No, I don't think so.
And that was when you were on late night TV.
Yeah.
So we started watching you.
Now, the first time I heard you, I told my husband, I said, Hmm, he thinks a little bit of himself, doesn't he?
My husband just said, Well, listen, and being the fair-minded person I have always tried to be.
I started listening to you.
And you probably said, Boy, they're not gonna let this guy stay on the air very long.
Well, it didn't take me too long to learn that you're the man that has the finger on the political pulse of America, no doubt about it.
And we do appreciate what you do, and I know it's hard on you.
My concern is that we if we get Republicans, when we get Republicans in there in November, are they be a are they going to be able to sustain this?
Um, that we in 2012 we won't uh go back in with another Democrat in there, tell you the truth.
I just hope.
We're very conservative.
Can't predict the future.
It's gonna depend on which kind of Republicans are elected.
Well, that's they are they are it will be Republicans that are elected, there's no question.
Unless I listen to her.
Uh the food pantry and the uh the food bank is what w I'm reminded that the federal government routinely advertises food stamps.
Why why aren't what happened to that program?
Are these people somehow ineligible for food stamps?
I but that would be hard to believe because we've seen the newspaper ads.
You might be eligible food stamps, call the Department of Agriculture at this number.
And I'll bet virtually everybody who calls is qualified.
You have to have an address for food stamps.
Uh maybe.
Well, if that's the case, the government ought to set up a food stamp outlet store for people to go in there, walk in and have them passed out.
All right.
I'm sorry to do this to you, folks.
We did this story back on the 2nd of April.
Here it is again.
It is from the Greenville, South Carolina news.
Ten people illegally in the United States pleaded guilty for their involvement in a four-year $13 million fraud against the IRS, said acting U.S. attorney Kevin McDonald.
Nine defendants pleaded guilty to conspiracy to commit mail fraud and for entering the U.S. without authorization, according to the assistant U.S. attorney.
So uh thirteen illegals have figured out how to bilk the IRS.
Or well, I guess they did bilk them because they were convicted here.
I was gonna ask, maybe they just gave them the money.
And we are back, Rush Limbaugh.
Fox News just released their poll.
Obama's approval number has hit an all-time low.
I don't know what the number is.
They're not putting that up there.
They just uh they just have a little Chiron graphic on the screen.
As a health care law, 39% favorite, 54% opposed.
So the sales job out there is not working.
By the way, you do not need an address to get food stamps.
From the government's website, we went and looked it up.
Homeless people and food stamps.
If you are homeless, you can still get food stamps, even if you don't have an address, a place to stay, or a place to cook.
You're considered homeless if you do not have a fixed regular nighttime residence or your primary nighttime residence is temporary in a supervised shelter, a halfway house, the residence of another person, or a place not designed for regular sleeping, such as a hallway.
See if you Live in a hallway, you can get food stamps.
It's right from the government's website.
I mean, they're selling the stuff.
We have seen the ads.
Periodically.
At the end of every budget year, they try to get more poor people to set up food stamps so that the budget doesn't get cut the next year.
Oh, and this is heartwarming.
This is comforting.
As the U.S. Census nears its final stages, and they still haven't found me.
As the U.S. Census nears its final stages, the government is preparing for possible debacles that could derail the $15 billion head count from mass identity theft and lawsuits to homeowners who refuse to answer their doors.
Homeowners are not afraid to answer their doors for the census.
They are not excited about this community survey thing.
How many times you flush your toilet?
You know, all these irrelevant questions that are nobody's business.
Speaking of identity, they're worried now of mass identity theft.
And in Harrisburg, Pennsylvania, they've now had to open a census help office at the City Hall.
Mayor Linda Thompson said it's important to get the right information because she has already been the victim of a census scam.
The mayor.
Bernanke had his identity stolen.
The mayor said that she received and filled out a census form a few weeks ago.
She didn't realize it was a fake form until her legitimate census form arrived.
And it asked for her social security number.
And she's a mayor.
She's not somebody sleeping in a hallway.
She's a mayor, and she didn't know that the census does not ask for your social security number.
So these census scammers are out there, folks.
No better time, and now and now your government is really worried about mass identity theft.
This is a time to sign up for life lock.
Nobody's gonna stop identity theft totally.
But when you see articles like this, when I see them, why do people not have life lock?
People who don't.
Because when it comes to protecting your family, your identity, why why would why would you go with anybody but Lifelog?
They're the trusted leader here.
They protect your information.
They never sell it to anybody, like some of their competitors do, and their identity uh alert system is the best there is.
And it's cheap.
I mean, it's you hardly notice it.
And it costs even less, 10% less if you mention my name when you call them.
1-800-440-4833.
It's life lock.
Offer code rush.
1-800-440-4833.
Here is uh Patrick in St. George, Utah.
Great to have you on the EIB network.
Hello.
Hey, thanks for letting me be on.
Houston, um you bet, sir.
First, what I wanted to say is um I've actually haven't listened to the news or anything for about two years.
And uh I've been going to college, and two weeks ago I actually quit college because my my wife's building the business and uh we need to have more help there.
And that's when I actually started listening to your station, and I give you congrats everything that you say, I believe.
Just because that's my feelings on it too.
Um now to get to the point.
Earlier, you were talking about the housing market, and I've done real estate and stuff like that, and I believe that the regime is putting a blanket over our eyes, saying that the market's gonna come back with uh the foreclosure rate slowing down, but I don't think people understand that there are more than just the three-year adjustable rate mortgages that put us into this situation.
That next year we're coming up onto the five-year adjustable rate mortgages, six-year adjustable rate mortgages that's just gonna add to another big wave of foreclosures that will add to the permanent underclass that you keep talking about.
What what do you have to say about that?
What well um my my theory is is a little different on it, but but that could be uh a valid reason.
I I think the reason why there could be a second housing bubble is because the unemployment number is gonna keep going up.
There's simply people aren't gonna be able to pay for the homes that they're in.
Uh, and therefore home prices are gonna they're gonna continue to fall.
Look at all the homes that are that are underwater now.
Uh and then folks, uh try as you might want to believe it.
Well, I know none of you in this audience believe it, but the government cannot stop any of this kind of stuff.
The government can't make you whole, the government can't pay your mortgage.
The government now, this bunch, this regime will tell you they're gonna do it, but they're not.
Folks, look, there may be a bright side to all this.
I remember growing up.
I got so sick and tired, my parents warning me, telling me about the depression.
You better save your money, son.
You better save your money.
Why, Dad?
The depression.
I got all these horror stories with the depression.
Dad, I didn't live through it.
I appreciate the warning, but I can't relate to it.
Well, now I maybe so, maybe in a few short years, we're gonna be able to nag our kids and grandkids about our own great recession.
And maybe get back at them.
And we are back.
Michigan gets five million dollars for smart grid job training from the slush fund.
Now, why does anybody need a smart grid?
You know what the purpose of a smart grid is?
It is to let the regime control your thermostat.
That's why you put in a smart grid.
And so five million dollars for smart grid job training in Michigan.
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