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May 19, 2010 - Rush Limbaugh Program
35:03
May 19, 2010, Wednesday, Hour #3
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America's real anchor man, a doctor of democracy and America's truth detector.
I am Rush Limbaugh, and this is the Rush Limbaugh program, the EIB network, growing by leaps and bounds.
Happy to have you along with us.
Here's the telephone number 800 282-2882, the email address, L Rushbow at EIBNet.com.
I was not kidding.
San Antonio CBS affiliate.
Eyeball News 5.
Rosemary Benitez thought it was a joke at first.
She was uh she was told that her store was going to need a food permit in order to stay in business, but she doesn't own a restaurant.
She owns the Shades of Love Lingerie store on West Bitters Road.
That would be B I T T E R S Road.
Shades of Love sells racy lingerie, high heeled shoes, adult toys, and items meant to enhance a couple's sex life.
However, some of those items.
Am I kids out of school yet?
Don or the kids are not out of school yet, so I don't have to worry about Mommy.
Mommy What?
Mommy, what?
What is edible underwear?
I'm really trying to avoid that here.
But it is Shades of Love sells racy lingerie.
Some of the items are edible, which is why the San Antonio Health Department ruled that they need a food permit.
The permit costs $230 a year, and it means that the store is subject to regular health inspections.
Benitez says, doesn't matter, certainly, if you don't swallow, it's still in your mouth.
Benitez says everything is sold as a novelty.
Everything in the box says novelty item only.
It's not something you sit down and actually eat.
It's more for tasting.
It's more for tasting.
And licking edible?
No.
It's not it's not gonna fill you up.
San Antonio, Texas Sanitarian Services Manager, Steven Barchuski, said any facility in the city of San Antonio that sells edible substance requires a food establishment permit.
One, it's the law.
Two, in case there's a recall, we certainly want to know the source.
A recall of edible underwear.
Wait until the mayor of New York hears about this.
Wait until Bloomberg hears about this.
You think he'll demand to know the salt content of the edible underwear?
You think he'll demand to know if any trans fats have been used?
San Antonio's eyeball news five has also learned other stores like Dillard's Department Store, several auto parts stores, uh, also required to have food permits because they sell chocolate bars.
But not edible panties.
You know, I've uh checked the email here during the uh during the break, ladies and gentlemen, and uh the libs are out.
You know, Limboy, you're very clever analysis you have there on Pennsylvania 12.
Very clever, but uh why don't you just realize that your days are over, Limbo.
You've had your twenty years and you're finished.
It's over.
Uh let me just tell you something.
The bottom bottom line here is folks, we have won the battle of ideas in this country.
And I want you to be confident of that.
We have won the battle of ideas.
Liberalism is dead.
Americanism, a conservative ascendancy is alive.
Liberalism is dead.
That is why the liberals have to lie about who they are.
They have to keep Obama in the closet.
Obama has something that can't come out.
At election time, Folks, this is key.
This is a salient point.
They have to keep Obama away from any Democrat running for re-election.
He's in the closet.
If November, if the elections in November are about issues, we are going to win big.
So what the Democrats in Obama will try to do is run on anything but the issues.
Anything but the truth.
So expect them to continue doing what they've been doing.
They will lie.
They will continue to talk about Bush.
They will try to divert people's attention.
The problem is, and I know some of you say, what do you mean, Rush?
Liberalism's dead.
Sit with me on this.
The problem is that while liberalism is dead with the people, it is the ideology of the elites who run the media, who run the schools, and who run the federal government.
It remains a minority body of thought.
However, powerful forces in this country are liberal, and they are having to lie about who they are.
This is the problem that we are trying to address now and in November.
They just control a lot of institutions.
But they are not the people.
Remember now, liberals disdain people.
Liberals hold average Americans in contempt.
Precisely because they're not elitists.
They don't have pedigrees, educational pedigrees, geographical pedigrees, familial, ancestral pedigrees.
it And as such, you're the great unwashed.
Untrustworthy, stupid, idiot.
Need to be taken care of.
Want to go back to this soundbite again.
And we hustled this in in the previous hour.
The audio here is Ethernet.
There's a lot of reverb on this.
It's Silver Springs, Maryland, an unidentified second grader at an elementary school asking a question of the first lady.
Michelle, my bell, Obama.
My mom said that Brock Obama's teaching.
Everybody in Atlanta doesn't have.
Yeah, well, that that's something that we have to work on, right?
To make sure that people can be here with the right kind of papers, right?
That's exactly right.
Yeah, well, we have to work on that.
We have to fix that.
And that everybody's got to work together in Congress to make sure that that happens.
I did Michelle hear what the little girl said.
The little girl said, My mom said that Barack Obama is taking away everybody doesn't have their papers.
Little girl said to Michelle, it's your husband that my mom says that taking away anybody that have her papers.
Not the people of Arizona.
And Michelle, who probably didn't want to be there.
They gotta be there.
I mean, Philippe called it on his town.
She's got to get out of the White House at some point.
Barack can have it for his purpose.
He's got to be there tonight for the dinner anyway.
Oh, yeah, yeah, yeah, yeah.
That's something we have to work on, right?
To make sure that people can be here with uh with the right kind of papers, right?
That's exactly right.
Yeah, well, we uh we'll have to work on that.
We'll have to fix that.
Everybody has to work together in Congress to make to make sure that happens.
Everybody has to work together in Congress to make that happen.
Demand for sl uh for loans to buy U.S. homes shriveled to a 13-year low last week following the expiration of federal tax credits.
While a near record low mortgage rate stoked free financing, according to the mortgage bankers association today, requests for home purchase loans have fallen almost 20% over the past month despite low borrowing costs.
Uh, and that's because of the expiration of that $8,000 federal tax credit.
Uh low borrowing costs and stabilizing home prices are being offset by near double digit U.S. unemployment and a looming supply of foreclosed properties yet to hit the market.
The worst of the housing crisis is over.
Who's writing this?
Reuters.
But recovery will be long and slow, most economists Say.
Who didn't expect this to happen?
We've all known it was going to happen when the tax credits expired.
Yet it's a headlined story.
Get this from Lawrenceville, Georgia.
Here, the headline says it all.
Workers asked to return bonuses after 16 years.
About 180 county employees in suburban Atlanta are being asked to return thousands of dollars the county says they were overpaid sixteen years ago.
Gwynette County's chief financial officer Aaron Bovos calls it a project to clean up receivables and to eliminate outstanding obligations.
The uh the county is seeking uh to collect more than 39,000 from employees who receive bonuses in their paychecks in 1994.
Authorities blame the overpayments on a payroll anomaly.
When the county adjusted pay employees' payroll cycles, employees can apply the money to vacation leave or make a cash payment.
So they're gonna take it out of your vacation if you live there, work there, or you can uh you can pay them back.
Insurgents launched a brazen pre-dawn assault today against a giant U.S. run Bagram airfield in Kabul.
Well, it's it's in Bagram, Afghanistan, just outside Kabul, killing an American contractor, wounding nine troops in the second Taliban strike at NATO forces in and around the Capitol in as many days.
There is also a report today.
Honest to God, that the administration, I'm looking for it even now.
It's a little blurb at National Review Online.
The administration is seeking moderate members of Hezbollah and Hamas to reach out to.
Moderate terrorists.
Uh moderate anti-Semites.
Well, I don't there's no such thing, Sterling.
That's a whole here it is.
That's the whole point.
I guess they're fiscally responsible and uh moderate, they probably are uh uh pro-choice.
Look at all you gotta do to be a moderate is be uh for abortion.
And you could be a moderate anywhere in the world as far here's here's the blurb.
This is an actual news story from Reuters.
The Obama administration looking for ways to build up moderate elements within the Lebanese Hezbollah guerrilla movement and to diminish the influence of hardliners.
A top White House official said Tuesday.
Why not just kill them?
What is this?
Reaching out to moderate Hezbollah members as a means of overpowering the hardliners.
This is uh this is John Brennan, this wacko terror guy in the administration.
He said, Hezbollah is a very interesting organization, uh, citing its evolution from purely a terrorist group to a militia to uh an organization that now has members within the parliament and the cabinet.
There is certainly the element of uh Hezbollah that are only truly a concern of to us what they're doing, and and what we need to do is find ways to diminish their influence within the organization and try to build up the more moderate elements.
That's like saying, let's go find the moderate elements of Al-Qaeda.
We go out, we'll find the moderate Al-Qaeda terrorists, and we build them up, and we'll build them schools and we'll educate their kids.
We'll send them Snickers, whatever it is they want, and they'll get rid of uh bin Laden for us.
That's how we overcome the uh uh hard line uh elements of Al-Qaeda.
This administration is full of genuinely stupid or insane people.
The real world escapes them.
Their vision that there are moderate.
When's the last time you ever heard Obama or anybody in his regime expressed the desire to reach out to moderate elements of the talk show community?
Or to moderate elements of the conservative movement or moderate elements of the Republican Party.
And in so doing, we'll marginalize the hardliners.
Uh geez, you kill them.
They are the enemy.
I guess not they're the I guess they're not the enemy, though, now.
Not to this regime.
We'll be back.
Sad news out of Kansas City today.
And this is really puzzling.
Well, no, it's not puzzling, but it's interesting.
HR Block, our headquarters is Kansas City.
HR Block said Wednesday it'll trim 400 jobs and has shut 400 underperforming locations as it seeks to reduce its costs.
Now HR Block helps people file their taxes.
What does this mean?
There must be fewer f people filing taxes.
Uh returns.
For whatever reason.
And I would think one thing that would never suffer is the income tax preparation industry.
No matter how simple or complicated your return is, you can't do it yourself mostly.
They have 11,000 stores, HR Block does, and they're cutting 400 jobs and shutting 400 stores.
All right, back to the phones.
Orange County, California.
Hi, Bob.
Great to have you on the program.
Thanks for taking my call.
Yes, sir.
Hey, listen, you've been talking about uh the market and uh I'm in real estate and I've been doing the market evaluations for about thirty-two different banks over the last fourteen years.
And um, you know, we've just gone through the first phase of these foreclosures, which I call a heartbeat loans.
You know, if you had a heartbeat, you could get a loan.
Um those have been pretty much absorbed now by the investors coming back in and buying them up, but we have a whole second phase of foreclosures coming that the banks aren't really talking about.
And these are the million dollar homes.
And there's a lot of them out there.
Uh million dollar homes.
Yeah, million dollars.
These these are people that have lost their job that are struggling to try and stay ahead of the game.
But what's going to end up happening is you know, they just passed this law now where a lot of the people weren't gonna sell their homes or or try and get out from underneath them because of the tax ramifications.
Uh because whatever they would have lost, they would have got back as a ten ninety-nine.
And so what's happening now is they've waived that and they've now doing what's called a uh deed and lure foreclosure.
So now they don't even have to sell their homes, they can just walk in and say, I'm out of here.
So the banks are gonna get uh back tremendous amount of these properties uh that they're not talking about right now.
And they're and we're talking about uh well, they lost maybe a couple hundred thousand dollars before.
They're gonna lose a lot more, maybe five, maybe three times five times greater than what we just went through.
That's the next phase that we're gonna come into, and I think Obama's gonna end up owning these banks eventually.
Because they're not gonna be able to recover from this one.
Please, no.
God say that's not geez.
See, that's why all of this.
I'm I I it's that's why Fanny May.
It can't be, it can't be coincidental.
It has to be on purpose.
So you're predicting a second bubble in the housing market.
Oh, yeah, absolutely.
And these are these are the white collar workers, Rush.
You're not gonna hear too much about them because they're more sophisticated.
These are kind of people that tick themselves up, dust themselves off, and start all over again.
But um, it's coming.
I do all I do several hundred evaluations a month for thirty-two different banks, and I'm telling you, I I see a lot of this.
They they they try to do the uh the loan modifications and stuff, but they're not gonna pay interest on equity that doesn't exist anymore.
And they would just assume by the short sale down the street than try to pay interest on something that uh on equity that doesn't exist anymore.
But the banks are gonna get these back no matter what they do.
Even if they negotiate, they're still gonna get them back.
The best thing they could do is do the dude the deed in Louis foreclosure, take the property back, get it back before it gets damaged or or uh vandalized, and but they're still gonna have to drop down to market evaluation.
And now, but then what do they do right now?
What are they gonna do with all these houses that they get back?
I mean, you're gonna what they do in Detroit.
They're bulldozing ten thousand of them right now.
So I mean that's a possibility.
Well, now wait a minute.
I know they're bulldozing houses, ten thousand, and but those are not all foreclosed, are you no, no, no?
What they're gonna do is they're gonna they're gonna have to come down to market value.
They're gonna have to come down to I mean, I did a house.
They're below market value is the problem.
Well, I did a house the other day, it was 8.2 million what the guy paid for it.
It's worth about two six.
Now, where that's who's gonna eat that six million dollars?
The bank is.
Because that guy's just going to walk away from his house and say, yeah, I can't afford it.
The value's 2.6, I owe eight, I don't know.
I'm out of here.
Well, you know, now in the old days, when you walked out on something, you paid a consequence for it.
But today, you know, you can find stories in the state control media instructing you how to walk out on a mortgage or walk out on a on a on a loan commitment as a virtuous thing to do.
They're waiving it now.
The IRS is waiving the difference between what would be considered a 10, which we which you would get in the difference of the 1099.
They've been waiving those now so that people don't have that's what stopped this big market from happening right away is that people are going, look, if I got a $400,000 difference and I'm going to eat out of the 1099, I don't want to sell my house right now because I can't afford to pay taxes on 400 grand.
But now if they waive these things, which is what they're talking about, waive this discrimination or this uh discrepancy, um that's going to happen and they just there's no ramifications now.
They just walk away.
The bank gets all these properties back, and they're getting them back by the zillions.
I mean okay, then I'm gonna make you a prediction.
If what it is is if there's a contingency prediction based on what you've said.
If what you said happens, and there literally are thousands and thousands of homes repossessed by banks that they don't want and they can't afford to carry, then yeah, either the government is going to buy the homes and put poor people in them, or they're gonna buy the banks.
Remember now, everybody is entitled to a home.
We're gonna return the nation's wealth to its rightful owners.
Don't doubt me, folks.
It's a big if, but it's possible.
You know, this Blumenthal guy been looking at him more and more.
He looks this guy looks like the kind of guy that sleeps in his coat and tie.
And he wakes up and his hair is not messed up.
He looks like the kind of guy that goes swimming in his coat and tie.
He looks like the kind of guy like Elliot Spitzer has sex with his socks on in a sack.
Just one of these not real, he's artificial kind of guys.
Welcome back, uh, folks, Rush Limbaugh here on the EIB network.
I checked the uh email during the break.
A lot of people didn't understand what this last call was about.
The guy was talking fast, talking about 1099 is where it comes into play.
Now, let me let me see if I can, because we're up against it on time uh going into the break there.
It is truly an agenda item of acorn to put poor people in foreclosed homes.
In fact, it's called deed in lieu of foreclosure.
Have you heard of that?
You're acting like you've heard of this.
Now, the way it's it's you just give them the deed.
You don't foreclose on the property at all.
You just give them the deed.
Now, here's here's how it works.
Look, best as I can tell, it looks like the only requirement to get a deed in lieu of foreclosure is that the outstanding amount owed is equal to the value of the house on the market.
In other words, you couldn't give a d a deed in lieu of foreclosure if uh if if what's owed is far more than what the value of the house is.
And that's gonna be the case in a lot of instances because a lot of homeowners and houses are underwater.
But if that circumstance is met, then the banks theoretically can do it.
Uh but it's voluntary thing on both sides.
There's no federal law requiring it.
It's just, you know, it's an idea that's been put forth by Acorn and other community organizer groups oriented around the notion that it's just not fair that some people have million dollar or more expensive houses and uh other people don't.
And the way to um take care of this is when these rich people walk out on their houses because they can't afford them anymore.
It's only fair to give them to poor people.
Give them the dude a deed in lieu of foreclosure.
Certain specifics uh have to be met, but it is voluntary.
I think now, I think the ten ninety-nine comes into play because the borrower has to pay taxes on the remaining debt on the mortgage, and the government has to get their cut.
And a ten ninety-nine is uh is is uh a tax form.
It's like a W two where nothing's been deducted.
It's just a report of income, and you have to pay the taxes on ten ninety nine gets sent to the IRS uh and it gets uh it's sent to you.
The actual title of the form is acquisition or abandonment of secured property.
The bank gets the deed in lieu of foreclosure, but then can throw somebody in there if they want.
The important thing to remember about this is that there is an agenda item on the part of the radical left for this to happen.
You should have seen Snerdley's face when I was talking to the guy on the phone and said, Well, no, no, no.
They're just going to give the uh the houses to the poor.
Sturdie rolled his eyes.
Yeah, you're just going again, you're exaggerating again.
No, no, no.
When it comes to this administration and the radical left, it's really hard to exaggerate who they are.
It's really hard to exaggerate what they believe unless you know what a liberal and a leftist really is today.
If you're if you have if you understand the anger that motivates them, if you understand the frustration and the genuine rage that animates these people, and the rage and the anger is at capitalism, at America as founded, and at the people in this country who have achieved in the capitalist system.
Because the leftist believes that the game is rigged, and that the achievers are part of a club, that they protect each other and take care of each other, and they keep everybody else out.
And the people they keep out are minorities and people of color, and uh certain sexual orientations and uh genders and so forth.
They genuinely believe this.
And they have told their people as they've been born and raised if you're female, if you're a minority, you're a person of color, if you're gay, that club over there is not gonna let you in.
And they and look at what they have.
They have Wall Street, and they have the corporate jets, and look at the houses they have.
They got four or five houses.
You're never gonna get in there.
And this is, and then they they've got their race maters that come along with the Reverend Jackson and Repton Sharpton tell them this and reinforce, and you got La Raza says the same thing.
And you have Acorn, which tells its charges the same thing.
And so the objective becomes to get even.
To get even with this outrage called capitalism.
These people are not taught that the game is open to anybody, and all that's required is industriousness.
You know, the usual things that accompany achievement and success.
Passion, devotion, knowing what you want, knowing what you love, and working hard for it.
These people are told none of that's gonna get you anywhere.
That's all a lie.
Even if you do all that, they're not gonna pay you as they pay each other.
Even if you do every bit, you work as hard, the only people are gonna let in are gonna be Uncle Tom's.
The only people are gonna let in our people just to make it look like they're diverse.
This is this is what they really think, folks.
It's what they truly believe.
And they follow that by saying the only way to make everything equal in terms of outcome here, is to give these people in the capitalist club a kick in the teeth and a taste of their own medicine.
So hello, crumbling economy.
As far as the left is concerned, it's already bad for everybody but the rich.
It's already bad for the middle class.
It's already bad in America as it normally is, it's bad for everybody who's not in the capitalist club.
It just isn't fair.
So all of this economic damage being done now, it's not any worse than what the downtrodden feel every day.
In their view, what they're what they're doing now is trying to bring the misery and the suffering that they think exists throughout this country to the precious few who have gamed the system.
That's why Goldman Sachs, Wall Street, AIG, that's why they are the enemy.
That's why conservatives are the enemy.
That's why people who are oriented toward the founding of the country and freedom and liberty are the enemy.
Because they stand in the way of this balancing that the radical left thinks must happen.
Now you're saying to yourself, but Rush, can't they look around the world and see this has never worked?
Yeah, they can.
They do.
What they tell themselves is the right people have never been in charge of it without uh the right amount of money.
But now the right guys in charge, finally.
We're the ones we've been waiting for.
Obama and his crew, finally now.
This is the way.
This is the way the world has been waiting for.
This is the moment the world's been waiting for.
This is the guy who is going to show the world how socialism and communism can be made to work.
How there will be happiness and unity and joy.
But Rush, everybody's miserable.
There's no happiness at all.
There's more.
Look at Arizona is threatening to cut off Los Angeles' power supply because Los Angeles is boycotting Arizona.
Yeah, that's part of the plan, too.
Because remember, the purpose is to bring misery to the achievers.
In the view of the leftist, there is misery everywhere but say 10 to 20% of the population.
80% in capitalism is oppressed, downtrodden, poor, denied rights, opportunity, and so forth.
So it can't get any worse for them.
But it's got to get worse in order to make the rich, quote unquote, suffer and be in pain.
And that's what's going on.
So Obama can go to Ohio yesterday where there's 15% unemployment and tell the people there they don't know how good they've got it.
With him in charge.
They can sit there with double-digit unemployment nationwide with no effort.
An oil spill.
And what does Obama do?
Convenes a bunch of meetings.
While other people are trying to stanch the flow of oil.
Everything's in a crisis opportunity for these people.
I guarantee you, and I'm not making it up.
It may sound make it sound funny when I talk about it.
This parball business in the keys is a great illustration.
These people were so happy.
I'm telling you the media last night, it was orgasmic.
They didn't need any edible underwear to get their jollies last night.
There were tarballs in the keys.
That meant that this oil spill was finally spreading in the ocean currents exactly like they had said.
You're gonna have a real disaster now.
Remember yesterday told you that a Democrat in Louisiana doesn't want Bobby Gendal to take action to fix this or to protect the shoreline because they don't want Gendal to get the credit for doing anything.
Because Gendal believes in limited government.
So they're trying to say, well, you don't have any right to be doing this.
You believe in limited government.
Limited government would not do something like that.
So the disaster must happen.
And it must be bad.
Katrina was a godsend.
Katrina for the leftist was a godsend.
Look at what it allowed them to do.
Blame every enemy.
They've got blame capitalism.
Blame a government not run by them.
The pain and suffering.
The pictures of people on their rooftops desperately asking to be rescued.
Perfect.
Perfect picture.
They think that you see them in anxiety and sorrow over these people.
No, no, no.
They don't have compassion for everybody is a prop to the leftist.
Everybody's a even a two-year, a second grader at a grade school in Maryland.
Mrs. Obama, my mom said, get your husband, your fat Barack Obama.
Why should pick people out of country to have papers?
No, use anybody.
Their own kids.
I have to take a break.
We'll be right back after this.
Stay tuned.
Oh, yeah, yeah, yeah.
There's no question that kid's question was a plant.
Second grader, she was supposed to say Arizona.
Not Obama.
I mean, she Michelle Obama.
Just look at Michelle Obama's answer to question.
Michelle Obama knew she was going to get a question from the kid about Arizona requiring papers.
And a little kid goofed up the question.
Arizona's a tough word for a second grader, but Obama, she hears it all the time.
No, I mean.
I don't think there's any doubt it was a setup question.
Look at Michelle's answer is the best indication to me the whole thing was a plant because if Michelle had actually listened, oh no, no, it's not my husband that's going to take people's papers.
No, no, no.
It's not my husband who's going to answer papers.
No, no.
It's Arizona that's going to answer papers.
We got to have Congress to solve that.
But she just answered it as though the question was asked about Arizona, not her husband.
So there's no doubt in my mind.
I got a email from my brother David last night.
He said I finally signed up for LifeLuck.
Now let me share a little secret, folks.
As uh a highly trained broadcast specialist, there are very many ways that we highly trained specialists measure our success.
When I got the email from my brother saying I finally signed up for LifeLuck.
That was one of a well best indications I could have received that I got the message out.
And people that know you think, well, it's your business.
You say these things.
You wouldn't believe a number of people who say to me, Do you really, really use a select comfort?
Oh no, I'm just lying about.
Of course I don't use it.
What do you?
Of course I use the select comfort bed.
You have life.
Yes, of course I've got life lock.
Folks, there were some some contracts with my social security number stolen from the animation department at Fox.
A computer with that stuff on it.
Of course I have life lock.
The computer was password protected, but of course I have it.
But when my brother said, okay, I finally signed up for life lock.
Then, as a highly trained specialist, I knew I'd gotten the message out.
You should get it too.
There's nobody protect your identity better.
Nobody's gonna do it flawlessly, but their identity alert system's better than anybody else's.
800-440-4833 is the number for life lock.
Use my name, you'll save 10%.
It's called a promo code Rush.
800-440-4833.
Ha, welcome back, Rush Limbaugh, again, highly trained broadcast specialist.
I'm not kidding you.
Before uh Acorn had all of its recent troubles, uh, they were teaching squatters rights seminars.
Don't I mean you remember these?
They had squatters right seminars.
Acorn was teaching these, training people to take over foreclosed properties and just live in them.
Deed, in lieu of foreclosure, one of my favorite headlines of the day to day comes in the AP.
Obama endorsements don't seem to help Democrats.
See you tomorrow, folks.
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