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June 30, 2010 - Rush Limbaugh Program
34:35
June 30, 2010, Wednesday, Hour #1
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Welcome to today's edition of the Rush 24 7 Podcast.
It's the summer of recovery.
Ladies and gentlemen, how's that working out for you?
13,000.
13,000 private sector jobs added in June.
If you divide 13,000 by 50.
Just for illustration purposes, you get 260 jobs created in the private sector per state.
260 jobs per state.
This is Herbert Hoover type stuff.
Obama is Herbert Hoover.
Except Hoover wasn't trying to do it.
Obama is.
Great to have you, folks.
Rush Limbaugh, the fastest weekend media already this Wednesday.
Damn, 800-282-2882.
If you want to be in the program, the email address L Rushbaugh at EIBNet.com.
Obama is Herbert Hoover.
You know, they used to call those unemployment camps Hoovervilles.
Well, now we're going to see Obamavilles springing up all across the nation.
13,000 private sector jobs created last month.
That means we only have 7,987,000 jobs to go until we reach where we were before.
And that's a total of 8 million, except Vice President Bytene said that we're never going to get those jobs back.
And at this rate, this may be the first accurate thing that Vice President Bytene has said in quite a while.
That's what I say, snurdily.
Hoover was trying to fix things.
Obama's not.
The only difference is Obama's doing this on purpose.
Hoover wasn't.
The whole country's Obamaville.
The whole country, Obamaville.
Obama's Obama's America.
We have destroyed our economy.
The way to look at this, we have destroyed our economy to create 13,000 jobs in one month.
260 jobs per state.
This is day nine of the summer of recovery.
On day nine of the summer of recovery, we get this news.
13,000 jobs in June.
260 per state.
And it's even less than that if you divide it by 57, which is the number of states Obama said he visited during the campaign.
As I point out, though, this is being done on purpose.
Now, according to Obama, this is progress because we're not losing 700,000 jobs a month.
Now consider how stupid that is.
We were never going to lose 700,000 jobs per month for years and years because we don't have enough people working age to lose 700,000 jobs every month for years and years.
So here we have the first president in history, to my knowledge anyway, who actually wants his nation to fail.
And by the way, Wall Street Journal today, why Obama Nomics has failed.
You realize how cutting edge your host and this program was back on January 16th of 2010.
2009.
Why Obama nomics has failed?
This is Alan Meltzer in the Wall Street Journal today.
Uncertainty about future taxes and regulations is enemy number one of economic growth.
Amen.
Radon Radon Radon.
We're going to have massive tax increases hitting next January.
People still not sure how much it's going to cost them, particularly businesses.
That's why there's no hiring.
13,000 jobs in June.
I took heat.
And in some sectors, ladies and gentlemen, I'm still taking heat for saying I wanted Obama to fail.
But I wanted him to fail because I want the nation to succeed.
We now see that Obama succeeding does not equal the nation succeeding.
And that is a major, major thing for people to have to come to grips with.
Because you remember when I said, I hope he fails, people said, oh, Limbaugh voting against the country.
Limbaugh wants the country to fail.
It was just the exact opposite.
Obama succeeds.
Gets what he wants.
what happens to you?
What happens to your job?
What happens to your taxes?
What happens to your private sector?
Obama is praised for wanting the nation to fail in order for him to succeed.
Listen to this headline.
This is brilliant headline from Reuters.
Hiring by private companies up slightly in June.
Up slightly 13,000 jobs, 260 per state.
The country is Obamaville.
And they say hiring by private companies up slightly in June.
Headline ought to be Obama spent us into bankruptcy for this.
13,000 jobs a month.
Now you couple this with a consumer confidence number.
I told you yesterday the drive-by's, they're just depressed as they can be.
Because it was supposed to be panacea.
This was supposed to be utopia.
Everything 18 months in, liberalism unchecked.
It wasn't going to be Detroit nationwide.
It was going to be the Garden of Eden.
It was going to be everybody who can't afford a house is in the house in a house anyway, so it's a fair.
Everybody who wants a job is going to have a job.
Digging ditches or what have you.
It isn't happened.
And now there's a disconnect between the American people and the present.
Drive-by's don't like that.
And this drop in consumer confidence.
Investors business daily headline, no wonder.
As the White House proclaims its recovery summer, this day nine, by the way, Americans are suddenly feeling pretty bad about things.
Maybe it's because their can-do spirits come face to face with a can't do government.
Given the many serious problems faced by the country, the last thing we need is a government that runs up spending to unprecedented levels and then says, sorry, uh, we can't fix anything.
But that's exactly where we find ourselves today after all of this spending.
One trillion dollars to destroy the private sector for 13,000 jobs.
And there have been a couple of other stimulus packages since then for 13,000 jobs.
We got Obama and Geithner saying, no, no, no, no.
We're in the days of America being the engine of economic growth.
No, no, no, those days are over.
Vice President bite me.
Those eight million jobs, nah, we're never going to be able to replace them.
And not one person in any position of leadership, anywhere in this regime or the Democrat Party that speaks positively about this country, its past, or its future.
Certainly not its present.
We have a party happily, apparently, to de to be presiding over the nation's decline, which in fact may be one of the purpose.
What are some of the can't do's from our elected and appointed officials, both at the federal and state level?
Well, they're piling up.
Consider this.
Obama.
Hey, I can't suck up the oil with a straw.
When asking what he was doing about the B peace bill, nor could he approve the building of sand berms or the suspension of the Jones Act, which would have let foreign skimmers into U.S. waters to help with the oil cleanup.
Janet Napolitano, you're never gonna totally seal the border.
Making excuses for why homeland security has essentially ceded entire parts of Arizona to violent Mexican smuggling rings while still seeking comprehensive immigration reform and suing the state of Arizona and joining boycotts, the federal government.
That's really confidence inspiring.
Treasury Secretary Tim Geitner, I think the world understands now that growth in the future around the world cannot depend as much on the U.S. as it did in the past.
A defeatist interview he gave at the BBC before the G Wiz summit.
Senator Biden, or Vice President Biden.
There's no possibility to restore 8 million jobs lost in a Great Recession.
That was at a fundraiser for Russ Feingold.
But wait a minute, wasn't that the reason for the trillion dollar stimulus package?
The 700 billion dollars in bailouts, to take over the auto industry in Wall Street.
Wasn't it to get back the 8 million jobs that were lost?
And now this inspiring regime says, eh, sorry, can't happen.
Can't close the border, not gonna lead the world, not sure we want to win in Afghanistan, screw the oil leak, and I'm not gonna get those eight million jobs back.
Stenny Hoyer, House Majority Leader, it isn't possible to debate and pass a realistic long-term budget until we've considered the bipartisan commission and their deficit reduction plan.
This is the can't do administration.
This is the won't do administration.
This is unparalleled.
Never in my lifetime has there been an administration that is so filled daily with depression, negativism, can't do ism.
There is nothing that is reflective of American exceptionalism of the great American spirit represented anywhere in this regime.
It's all melees.
It's all melee, and meanwhile, Obama golfs and goes out and have burgers with Dmitry Medvedev, who probably has a little earpiece in the spies over in New Jersey reporting to him while he's chowing down on the burger.
Even after Obama takes him to the burger joint, Medvedev comes back to the joint press conference and rips the burger joint.
Yeah, traditional American place, probably not very healthy, but very tasty.
That little mit uh you see the middle midget.
Dmitry Medvedev.
On Tuesday, conference board announced the consumer confidence index declined sharply, erasing three months of gains.
The expectations index, which gauges how consumers view prospects plunged 16%.
All this confirmed in the investors' business daily Tip Poll released earlier in the month.
We can only guess.
But consumers and investors are looking six months to a year off, and they see massive debt growth, higher taxes, and tepid economic job growth.
They are to put it mildly greatly disappointed, and there's not one word coming out of Washington from anybody in a leadership position which tells them it's going to be any different than how bad they are imagining it.
Now, what happened to small businesses in the month of June?
Small businesses, of course.
Obama claims to be helping so much with all of his tax cuts uh tax cuts.
The uh small business actually lost jobs, this is in May, according to ADP.
From the report, large businesses defined as those with 500 or more people saw employment increase by 3,000.
Employment among medium-sized businesses, defined as those between 50 and 499 workers increased by 11,000.
Employment among small business, defined as those with fewer than 50 employees, decreased by 1,000 in June.
But to be fair, Obama did prevent the swine flu from becoming a pandemic.
We know that because Axlrod said it on the Daily Show the other night.
Of course, and I'm snurdly, I'm being facetious.
That's the only thing he can say when asked, what have you done right?
Well, we stopped the swine flu epidemic.
Los Angeles Times business section, unbelievable headline, with federal stimulus funds running out, economic worries grow.
Subheadline, even more unbelievable.
Much of the 787 billion dollar stimulus has been spent creating jobs and extending jobless benefits, but with lawmakers reluctant to approve more funding concerns arising about staving off another recession.
There aren't any jobs.
260 jobs a month have been created.
In June, 260 per state.
The 787 billion dollar stimulus led to the loss of three million jobs.
And there has not been an end to this recession.
And already they're talking about another one.
Double dip or what have you.
Los Angeles Times joining the chorus pushing for yet another stimulus.
When I was growing up, there was a song that captivated me.
My mother listened to radio all the time in the summer and that song was 16 tons.
By Tennessee Ernie Ford.
I suspect many of you have not heard this song.
Listen to it.
Yes.
Exactly what happens when stimulus runs out.
Right.
That's where we are in the stimulus is run out, folks.
Right back to square one, but we're deeper in debt.
Oh my soul to the company store refers to debt bondage.
And that's what we have in spades.
The stimulus funds are running out.
Economic worries grow.
That's Tennessee Ernie Ford.
I was seven or eight years old.
Listening to that song on the radio.
For those of you if you like to put a face to a name, just off the top of my head, if you know what the owner of the Atlanta Falcons looks like, Arthur Blank, as a similar relate uh resemblance to Tennessee Ernie Ford.
Oh my soul to a company store.
With home sales sliding, employers reluctant to hire, world stock markets gyrating wildly, the U.S. economy is in danger of stalling.
Stalling!
Continuing its stall, we're plummeting for crying out loud.
Now, one of its only reliable sources of fuel is running out, federal stimulus money.
Here we go, LA Times begging for another stimulus.
That's the point of the story.
Funds flowing from the porculus bill passed last year have helped create hundreds of thousands of jobs.
Who wrote this?
Alan Samuels of the Los Angeles Times create thousands of jobs.
And propped up social programs such as unemployment benefits.
But with much of that money spent and lawmakers reluctant to approve another big round of spending, concerns are rising about what'll replace it in the short term to keep the economy going.
Not one word here about the private sector.
And the New York Times.
Yeah, this is this is why the New York Times is nothing more than overpriced birdcage liner now.
A one New York Times bet on private sector for recovery could prove risky.
That's the headline.
It's the June 30th edition of the New York Times front page.
This sums up the thinking in the story.
Keynesian government spending should be encouraged until the country becomes Greece.
Then it should stop.
Tax hikes raise revenue.
Spending cuts prevent economic growth.
Tax cuts are not an option.
The guy who writes this story never mentions them in his front page economic think piece in the New York Times.
David Leonard or Leonhardt, I'm not sure how he pronounces his name, but there you have it.
Betting on the private sector for recovery could prove risky.
Mr. Leonhardt Leonard, however you spell or pronounce your name.
The only hope we've got.
The only salvation we've got is to revive the private sector.
I mean that's the only place there has ever been genuine economic growth.
Doing the work of at least 15 mainstream media newsrooms, the work they used to do anyway, I am Rush Limbaugh, your guiding light.
and You want another dirty little secret about the stimulus?
Only 43% of it has been spent.
According to the website Stimulus Speed Chart, it's a projects.proPublica.org.
As of June 18th, only spent 43% of the stimulus.
And this was known going in all these stories about we're out of stimulus money.
No, no, no.
We're out of stimulus money for you.
We are not out of stimulus money for Democrats and their reelection campaigns because the stimulus bill was nothing but a giant slush fund.
It was always the plan that much of the porculus bill would not be spent until 2011.
Some of it this year, but 2011.
Closer to Obama's re-election campaign.
And we were told a lot of contradictory things.
We were also told that uh last year, yeah, you gotta wait.
You gotta wait till mid-summer 2010.
That's when the stimulus is gonna really kick in.
From Bloomberg, back in January 2009, a congressional budget office analysis of Obama's plan found that most of the approximately $355 billion in proposed discretionary spending on highways, renewable energy, and other initiatives would not be spent before 2011.
The government would spend about 26 billion of the money in 2009, 110 billion more in 2010.
CBO says Bloomberg again, much of stimulus won't be spent before 2011.
Only 43% of it has been spent.
That makes it even worse, folks.
Only four none of it has been spent on jobs.
There haven't been any jobs created with this.
We've lost 260 jobs per state in June.
By the way, ProPublica, the source for 43% of the stimulus has been spent is a left wing site.
Now the best thing Obama could do to help the economy is to not spend the rest of the stimulus.
Let that money stay in the private sector where it would grow real jobs, but they won't even think of that.
He has to protect the unions and the rest of his foot soldiers.
He has to save his job.
So this is a slush fund.
It's going to be spent for him, for his supporters, for Democrats, uh in campaigns this year, and in 2011 for Mr. Obama.
And this New York Times story today, I I kid you not.
Here's a quick excerpt.
Bet on private sector for recovery could prove risky.
So it's easy to confuse its condition with its direction and to lose sight of how much worse it could be.
The unyielding criticism from those who oppose stimulus from the get-go, laissez-faire economists, congressional Republicans, German leaders, plays a role too.
They're able to shout louder than the data.
This is the problem.
It's not just economic illiteracy.
It isn't just a total lack of critical thinking.
This reporter is reporting liberal propaganda.
up.
He is incapable of looking at the results of failed liberal policies and drawing logical conclusions because he's a partisan tool.
According to the author, Mr. Leon Hart, or Leonard, I don't know how they pronounces it, out-of-control spending and debt accumulation resuscitate dying economies that failed due to out-of-control spending and debt accumulation.
This story is senseless.
It is deranged.
It is delusional.
A bet on private sector for recovery could prove risky.
What that means is you're too stupid.
You can't be counted on.
The government has to make these decisions.
The government has to spend this money because you're too idiotic to know what to do.
To the phones we go.
Edwardsville, Illinois.
Ted, great to have you.
You're first today.
Hello.
Hey, Rush.
Uh Megadiddoes from Illinois.
Uh, you're my biggest hero.
I'm uh a younger guy, and I'm basically just wondering if everything is ever going to get better again.
Pretty much what I've got to look forward to.
I guess for my adult life.
Ted, let me tell you something.
Things are gonna get better.
This is the United States of America, and the people who live here are still Americans.
And we are seeing now there's a 30% disconnect between the American people and Obama.
His approval numbers are plummeting.
Uh, it's been 18 months.
Nothing he's doing is working.
There is a continuing, uh continually increasing lack of confidence and faith in Obama and his policies.
The American people are not the people who just sit around and let this kind of thing happen to them.
At some point, and we may have reached it, there will be a tipping point.
People are not going to sit idly by and consign their children and grandchildren to lives of debt bondage, debt slavery, where they're basically working to pay off debt that is not even theirs.
Um people aren't gonna put up with it.
This is the United States of America.
People are not gonna put up with the notion that we're not gonna lead the world in anything ever again.
They're not gonna put up with talk that says eight million jobs, yep, we're never gonna be able to uh uh re recreate them.
Uh Americans are not going to sit there and be satisfied with the notion the border's too big, we can't close it.
This is the country put a man on the moon.
This is the country that led the world in liberty and freedom and creating economic prosperity, medical advances to improve life expectancy.
The American people have great expectations.
This administration does not.
They preside and want to preside over a country in decline.
The American people don't want decline.
The American people want growth.
The American people don't want whirly bird cars and little windmills in the backyard.
They want automobiles that they always have wanted, powerful.
They want air conditioning and heat when they want it.
They know it's plentiful.
They don't want a government that's going to stand in the way and prevent them from having this.
At some point, it starts in November.
There is going to be a message sent, hey, Mr. Obama and hey, Democrat Party, you ain't us.
You are not the America that we want to be.
And that's going to start that waste.
Don't give up.
It's gonna be people like Ted, you're 21, did you say?
Yes, sir.
Well, your future.
Your future is bright because you're an American, but it's gonna take you being involved.
I mean you're you're you're gonna have to it may be a little harder for you than it was for people in the past.
There's no question that uh this bunch has put obstacles in your way.
But Ted, here's the is the the best thing I can tell you to uh back up what I'm saying.
While all of this economic misery is being reported, and while a lot of it is real, and while there's a lot of unemployment and a lot of growing, and people are running out of unemployment benefits, you look around this country, you also see people improving their lot in life, don't you?
Right.
There not everybody is selling their house.
Not everybody is selling the car, not everybody's taking kids out of school.
There are people who are prospering.
They either know how to in circumstances like this, or they're simply possessed the American spirit.
The point is that it's going to be people like that and you and others emulating them who are in the private sector who are precisely going to be the ones to save this country, in spite of this administration.
You don't want to grow up in a nation in decline, do you?
No, sir.
You don't want to be told that there's not going to be a job for you down the road, do you?
No.
All right.
So if the people leading you tell you there's not going to be a job, you're not going to sit there and take it.
At some point, Ted, you're going to go out there and do something about it yourself.
And at some point, the entire nation's going to do that.
Okay.
We are not going to sit idly by and let a bunch of Marxists turn us into Venezuela or Greece.
We are the people of the United States of America, and we're not going to permit it to happen.
It's that simple.
All right, thank you.
Don't give up, Ted.
Follow me.
I'll tell you when it's time to give up and panic.
And you'll know that when I move to New Zealand, and I'm nowhere close to it.
And we uh we stick with the phones.
Hell rush ball on the cutting edge of societal evolution.
Uh uh our last caller, uh caller, I bet you have a friend who got a job last month.
That is, if you have 23,000 friends.
You have 23,000 friends, one of them probably got a job.
My point is that each of you know or know of somebody who's doing okay in this economy.
Meaning it can be done.
Don't be one of those sitting idly by and just taking whatever this administration doles out.
It's I know it's easier said than done, and being entrepreneurial is not everybody's bag.
But everybody has some creativity.
Everybody has something unique about them.
Many things that are unique about them.
But what we all as Americans have in common is expectations of growth and greatness and opportunity for ourselves and our country.
We know that we're all not going to achieve greatness, but we all have the opportunity, and we're not going to sit idly by and let a bunch of theoretician Marxists who've spent all of their time uh organizing or in the classroom destroy what we've always known and what we've built.
It isn't going to happen.
Trust me on this.
Here is uh Ruggles from Ocean Isle Beach, North Carolina.
Ruggles, great to have you on the EIB network.
Hi, Russ.
It's great to talk to you.
You're one of my heroes.
Thank you, sir.
Um I'm in the landscape business down here in North Carolina.
And it's for the past two years, really the past 14 uh months, we have been dying down here.
Uh like you just said, there's people that are making some money in this business, but it's few and far between.
I went from uh 2007, gross it over me and a half, down to this past year, 2009.
It's 77,000 in my business.
I've laid off almost everybody.
I've got four people left, that's about twenty.
And just two weeks ago, my wife working for a company for twenty-two years gets laid off.
Where in the world do any does anybody in the right mind see that this gov this gun government or this Obama administration is doing anything right?
The only people that do uh Ruggles are the people who aren't working.
True.
That's very true.
And sadly, that's an increasing number of people.
Exactly.
But I maintain that these kind of circumstances happening to you at some point, you got a tipping point.
You're you're gonna have a breaking point.
At some point, and you may have reached it now.
I I can hear the um frustration, the disgust in your voice.
At some point, you're just gonna say you're gonna be on Howard Beale in the in the movie network.
I'm not gonna take this anymore.
I'm not gonna sit here and you're gonna stop depending on all of these wizards of smart to create circumstances where you can prosper again.
Now, your landscaping business, you you've gone from grossing a million and a half to 77,000.
Did I hear that right?
Yes, sir.
That was 77,000 last year, and I don't even think I'm on the same.
You own the you you own the company?
Yes, sir.
I've been in business 30 years down here.
Now, uh what is the reason?
I mean, it may seem obvious to you, but I want to know what they're telling you.
What's the reason your clients are canceling their service with you?
Well, it's I'm in the new home market, and new homes starts have just went to nothing down here.
All right, so you do landscaping for new homes.
Do you you do you have you thought about maybe you do expanding into landscaping for existing homes, people still living in their house.
I mean people still need uh landscaping done.
Oh, yeah, yeah.
We we're we do that, uh, but there's still people that's got money.
It was for a period of time there for the past four or five months.
Seemed like there's more cars than usual.
And uh but most people after they get a price and they start thinking about it, they go, Yeah, I really think I might better hold on to this money.
Uh don't worry about it.
You know what you need to tell them.
Well, here's here's what you need to tell them, and and I'm sure you probably do because you know this.
People who spend a lot of money on landscaping do it for a host of reasons.
One is they like it.
Oh, yeah.
They like nice manicured lawns and and uh uh bushes, shrubs, flowers, weeds, whatever.
The other reason they do it is to maintain the value of the property.
Yeah.
And one of your sales pitches ought to be look, you uh uh e no matter what the circumstances are, there's certain things it people want to protect their primary asset.
Now the home, and that's another problem area.
A lot of people underwater in their homes, but you've got to find the people who aren't who want to maintain the value of their asset because someday they're gonna sell it.
They're gonna flip it at some point.
And the landscaping is key to it, trust me, I know what I'm talking about here.
Yes.
You do.
But but you know, you if if well, you know this.
You're not gonna get any relief of any kind from any legislation coming from the Democrat Party today.
None unless you decide to quit working and go on unemployment, then they'll be your best friends.
Well no, yeah.
Well, that's that's the only way because I know several of my own friends that have tried to get uh help on their homes.
I know three right off the top of my head that have lost their homes at foreclosure, and they've went and tried to do everything Obama administration said to do to get relief.
It did not work.
Well, I I I maintain what I said to you at the outset of the phone call.
These are the things that are happening to people that as Americans they never thought would happen again.
They were told we're never gonna have another Great Depression.
We got systems in place.
It isn't gonna happen.
And all we have is an administration that revels in these failures because they get to point fingers of blame, in many cases fictional blame, at their enemies.
And their enemies are to be found in the private sector.
Their enemies are self-reliant, self-sufficient, self-thinking people.
And at some point, if you haven't reached it yet, Ruggles, you're not gonna put up with it anymore.
And you're certainly not gonna wait around for a bunch of politicians to make it right.
Because you're going to realize it is that crowd, the political class, that has screwed it up.
The sooner, the sooner more and more people realize that depending for anything on these people, I know that you can't get them out of your lives because you've got to go through them for permits, permissions, state, local, city level doesn't matter.
But it just makes the challenge even harder and greater.
And when you succeed, even more rewarding.
Tom in Chicago, great to have you on the EIB network, sir.
Hello.
Rush, it is great to hear you.
I'll tell you, I listen to you every every day.
You hit a point with me, Rush, years ago.
You used to have segments where people called in with their inspiring stories of success.
And I love that.
You know, years and years ago, I I still own the same business, but I was really struggling sitting on the couch.
I actually talked to you.
This was about ten years ago, and you took you told me to just keep moving forward, keep keep working hard.
I did.
You know, I got off the couch, and every day I live my life in a in a forward fashion.
I tell my kids, my oldest son who's in college in football, you know, when you get knocked down, what do you do?
You get up.
You just keep moving forward.
Every day, no matter somebody puts a roadblock in front of you, you go around it.
You go over it.
Because somebody's gonna do that every day.
Oh, sure.
Every day.
And it may not even be the government.
It may be some creep in the office that doesn't want you to get anywhere.
Maybe you're boss.
But Rush, in my whole life, I've never been on unemployment, but I've been unemployed.
But I've never been afraid to work.
I've worked at restaurant jobs, making $4 an hour.
Or back in the 70s, $1.85 an hour.
Um I owned a house where I was I I didn't have any income, but I was not afraid to go out and work.
We need to tell people, yes, it's bad.
But you know what?
If you keep moving forward, keep positive.
Stay optimized.
I love it.
Network.
Exactly right.
Tom, thanks much.
For Ruggles, I got an idea.
Ruggles the landscaper.
Ruggles, here's what you do.
Go to the banks where you live.
They own a lot of houses now.
Go to the banks and pitch them on low-cost deals to keep the landscaping at the foreclosed properties they own up to par.
Make the bank your client.
They own houses now.
Some way it is.
It's true the banks are spending billions of dollars on landscaping on these foreclosed properties.
They got to keep them up.
They don't want to own them forever.
And they're not going to be able to sell them if they look like rat traps.
So if uh if you're in the landscaping business, the banks in your neighborhood probably own a lot of the houses.
Probably make some bulk deals with you.
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