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Aug. 12, 2010 - Rush Limbaugh Program
36:36
August 12, 2010, Thursday, Hour #3
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Hi, how are you?
Great to have you here, ladies and gentlemen.
I am Rush Limbaugh.
Not only do I back up my computer, I back up everything I say.
Mind over chatter from the Limbaugh Institute for Advanced Conservative Studies.
Great to have you here.
Telephone number is 800-282-2882, the email address.
lrushbow at eibnet.com.
We had a woman call a moment ago and remind us that the regime faked a report, put signatures from experts on a report supporting the drilling moratorium.
And we later learned from the experts, that's not what we signed.
We never said that we support the drilling moratorium in the aftermath of the Deepwater Horizon oil leak.
So the regime just put there, they typed up a fake document and signed these experts' names to it.
We have learned that Obama has done the same thing again.
His Medicare trustees have lied about the state of Medicare, which has forced the Medicare actuary, who is a guy, to issue his own contrary report for the first time.
They said Medicare is going to be solvent for 12 more years.
It's not.
There's a great story at National Review Online about this in their healthcare blog, I believe.
I forget the name of the guy who wrote the story.
But Obama is an invisible iron fist behind a great deal of things going on that are fraudulent and untrue.
Experts never signed a document saying they agreed with an oil drilling moratorium.
And the Medicare trustees never, well, they lied.
They purposely said that Medicare is solvent when it's not.
The Medicare actuary had to come out on his own to contradict what Obama's Medicare trustees had said.
So we have an administration of fraud and deceit and outright lies as well.
The economic news, folks, I just, you know me, I'm upbeat and optimistic, and I am today.
I still am.
Somebody asked me again Monday or Tuesday, why are you still doing this?
Oh, I know what it was.
There was a story about wealth.
People were asked, how do you define wealth?
How do you define rich?
And one of the most common answers to the question was, if I have enough money where I didn't have to work, but I can still do the things I want to do.
Travel now and then, live in my house, blah, blah, blah, blah, blah.
That was the definition of wealth.
A lot of people said to me, you don't have to do this anymore.
Why do you keep doing it?
And the answer is, A, I love it.
B, retirement doesn't make any sense to me whatsoever.
But C, these are dark times that need a little light shining on them.
We've got dire circumstances here, and a lot of people like me care deeply about the country and are pained greatly by the direction it's going.
So I come here with these stories today.
The top of the stack is filled with rotten economic news, and it is sort of a dilemma for me because, you know, I like to be of good cheer and optimism, but not phony.
I don't want to be optimistically phony, phonally optimistic.
That's not going to do anybody any good, much less me.
But despite all that's going on, we still live in the best country in the world.
And by all means, it's certainly worth fighting to save, which more and more people are now realizing we have to do.
But yet we encounter stories like this, even from the Huffing and Puffington Post.
Now, James Capretta, in National Review Online's Critical Condition, that's their healthcare blog, a fraud exposed and ignored.
It's from a couple of days ago, James Capretta.
Richard Foster, the chief actuary of the Medicare program and the man responsible for overseeing the production of the data, which forms the basis of this annual report's forecast, has advised the public in his official statement of actuarial opinion printed at the end of the trustee's report not to believe any of the modestly rosy conclusions contained in its report.
So the Medicare X-rays come out and said, don't believe this.
It's not rosy.
Medicare is not solvent for the next 12 years or whatever.
We're in deep doo-doo.
And these oil experts directly opposed the ban on drilling.
They opposed the moratorium, and yet their signatures were affixed to a document saying they supported it.
You see things like this, and you need the desire to counter all these lies with truth and keep people as optimistic as possible.
Then you run across economic news like today, unemployment not getting any better, and then you get mad because you know.
You know, and more and more people instinctively know what we're doing to fix this problem is only making it worse.
It's not improving anything.
And we have to get up every day and listen to members of this regime tell us how all of this is their predecessors' fault.
Whining, moaning, immature little kids this administration is made up of.
Not our fault.
George Bush made me do it.
George Bush didn't sound and come off like little kindergartners when it's their own ideas that are causing this collapse and adding to it.
And now this, $830 billion in student loans.
The new mortgage bubble.
A strange milestone was marked this week in the history of student loans, which, by the way, the regime has now taken over.
Student loan used to take place in the private sector, not anymore.
Government owns it.
Obama took it over.
The total balance of all outstanding U.S. student loans, given as $730 billion, is now estimated by Mark Cantrowitz at finaid.org at more like $830 billion.
$605.6 billion in federally guaranteed student loans, which have interest rates fixed and in some cases interest subsidized by the government and a further $167.8 billion in private student loans with interest rates that hover around 18 to 20%, and nobody's got money.
All these student loans are guaranteed, but nobody's got the government and any money.
I mean, in the real world, we're bankrupt.
In the real world, we don't have any of the money that the government is spending or lending.
Furthermore, $300 billion in federal student loan debts have been incurred in the last four years.
This means the total balance of student loans has just surpassed the total balance of credit card debt for the first time in history.
Now, what's Obama said about that?
Obama has said U.S. is no longer going to be the leader of the economic engine of the world.
No, why?
Because the American people have lived beyond their means.
The American people have maxed out their credit cards.
The American people, he says with contempt, have spent more than they have earned.
They've spent more than they've got.
We're not going to be the people that keep this party going.
We're not going to be the leaders.
We're going to have responsible citizens.
That's what he says.
And now the federally owned student loan program has surpassed the total balance, the balance due, of credit card debt for the first time in history.
Each makes up roughly a third of the money Americans owe, mortgages excluded.
The good news here is that at least since the credit crisis in 2008, credit card debt's been going down slightly.
Americans are saving more and spending less.
But the bad news is that the student loan debt is much more severe than credit card debt because it cannot be discharged in bankruptcy.
This means your only recourse if you can't manage your loans is default.
And in the case of federal loans, that means being pursued until you die.
The federal government can and will seize your tax refunds, Social Security, and disability payments until your dying day, or they can forgive them.
Which I think is one of the reasons the Obama people took over the student loan program.
To be able to forgive certain student loans based on certain characteristics of the students in question: how are they going to vote?
How did their parents vote?
Whom do their parents contribute political contributions to, and so forth and so on?
Don't doubt me on this.
So, Anya Kamenitz, who wrote this, from where I'm sitting, the buildup of the national student loan balance looks like a massive betrayal of trust.
People have been told for decades this is good debt because it's financing higher learning and education.
Yet it's starting to look more and more like the mortgage bubble.
Someone with experience in the for-profit college marketing business said that the same online sales geniuses who used to work for mortgage brokers are now employed by for-profit colleges.
Their business is the same: fill out the forms, get the money, consequences be damned.
Will we stop them this time?
It seems, I've read stories like this, and nothing's been real.
Nobody has had the money that they've spent.
The government hasn't had the money it spent, federal, state, or local.
A lot of consumers have not had the money they've spent.
Except they have been paying it back, slowly but surely, or filing bankruptcy or what have you, dealing with it until they started losing their jobs.
But boy, when you get to the government level, it's all been jacked up and unreal and literally unreal.
Spending money they don't have and apparently never have had, lending money they don't have.
For who knows how many years, it seems like all these bubbles are now surfacing at pretty much the same time.
Not good.
All of this debt just makes you wonder how much of any of this has all been real for how many years.
And with the government in charge of all of this and more and more of it, can't possibly be.
I mean, Obama even hinted at forgiving student loans all through the campaign.
Now they got rumors out there about forgiving underwater home mortgages.
Forgiving student loans throughout the campaign helped get out what little of the youth vote that he got out.
He kept saying all during the campaign he and Michelle had only just recently paid off their student loans.
Why do we have all these student loans?
We have this formula in America that everybody has to go to college.
You've got to get, if you don't go to college, you don't stand a prayer of having any earning power, of having any social status.
You've got to go to college.
And it's all been a racket because the people pushing you to college are the people who benefit from you going to college by virtue of the money that you are lent for tuition and everything else to go to college.
And note throughout all of this, nobody ever rips colleges and universities for high tuition.
Big oil gets ripped for gas prices.
Sam's Club, Walmart, gets ripped for whatever they get ripped for.
A lot of private sector companies get ripped for ripping people off, but not universities.
You never hear, particularly elected liberals or Democrats, complain about tuition costs.
And if you do hear them complain about it, it's not their fault.
And the fix is not aimed at colleges, lower your tuitions.
It's, we got to figure out a way to get more people into these colleges.
It's unfair how much it costs.
Student loan program, voila.
Takes us to where we are.
Brief timeout, folks.
Coming right back.
Don't go away.
Hard to believe it's a Fleetwood Mac tune.
One of those national lampoon vacation movies.
Nevertheless, in the bumper music rotation here at the EIB network, you know why the left will never take on the universities?
You know why Obama, the left, no one, even some ruling class Republicans, will never take on the universities.
They will never tackle high tuition.
They'll never tackle anything.
Because universities are the factories that produce the ruling class.
Universities are the factories that produce the hows and whys and the what fors and teach you how to be a ruling class member.
And it's the most expensive universities, the most expensive universities who most effectively put the ruling class in touch with each other.
A Harvard grad, a Yale grad, secret handshake, skull and bones, what have you.
The top colleges are the functional equivalent of leadership schools from totalitarian nations.
That's where they're factories to produce ruling class demeanor, education, attitude, behavior.
And so whatever it costs, it's worth it to get your kid in there because that's the ticket to the ruling class.
So there won't ever be any assaults, criticisms, what have you on tuition.
They may have to throw out a president now and then like Larry Summers because he goes all politically incorrect on telling the truth about women and math.
But they will never, ever take on the cost of these universities.
This is how you keep the riff ref out.
It's how you keep the riff ref out of the ruling classes, have high prices, tuition prices at the universities of so-called higher learning.
You don't, folks, thirdly, you don't think the ruling class comes out of junior college, do you?
Ain't no way, Dario.
It's one of the primary reasons Sarah Palin's hated.
She's not from the ruling class.
She's not followed the route.
It's one of the reasons that Clarence Thomas is hated.
He didn't follow the civil rights route to get where he is.
And therefore, both of them are threats.
The reason I'm a threat, I didn't even go to college.
Well, I went one year, practically flunk speech and ballroom dance.
And I remain proud.
By the way, we've inaugurated our Facebook page.
We opened it up yesterday and already we're up like 212,000 friends.
212,000 in just over 26 hours since we announced it.
And we gave away our first huge engraved iPad.
Nine of them were giving away.
The first one went to Blake R of Kansas City, Missouri, who, if he's not been reached yet, will be reached today.
And he'll be told that he's one.
It takes two weeks to engrave these things.
We just got our hands on them last week.
I mean, you've got to have some pull.
Go get your hands on nine iPads.
Let's face it.
And our engraver doesn't just push these things out in a couple of minutes.
So each iPad is engraved, the EIB logo, and my signature, and getting them from us is the only place that you can get these.
64 gigabyte iPad plus 3G to go along with your Wi-Fi if you want to.
The 3G is an optional hookup.
You don't have to hook it up.
So the address here is facebook.com slash Rush Limbaugh.
And if that's too much to remember, just go to rushlimbaugh.com.
We've got a link to our Facebook page at the top of our website page.
And we have posted 20 pictures from the wedding of the year, mine, from June the 5th.
And they're works of art.
These pictures are.
They're really.
I was talking to Catherine.
Do you think we should add some more pictures over the...
You do?
Snerdley says we should add some more pictures.
Catherine and I were talking about this while we're driving home from dinner and we're discussing whether we should add more pictures.
You know, we're thinking about it.
But the nuts and bolts of them are up there.
There are additional ones, but we're not going to put any of the guests up.
We're not going to do that, Snerdley.
You just want us.
Yeah, the guests want to remain anonymous and so forth.
And HR doesn't want his picture out there.
You can't move through the crowd.
If everybody knows, you can't move the crowd anymore.
So at any rate, you can register if you haven't registered already to win.
We've got eight more iPads to give away every Monday, Wednesday, and Friday until August 30th.
We have it drawing late at night.
We'll inform you if you're a winner the next day.
If you've registered once, that's it.
You don't have to register anymore.
If you've registered once, you are registered for all the remaining eight iPads that we are going to give away.
Did I know what?
Mm-hmm.
Yeah.
Right.
Hundreds of free books.
Snerdly, stop this.
Snerdly is reminding me of something I already know.
That there are e-books that are for free.
And the classics, by the way, classic literature is available for free.
The iPad is a book reader.
It's called iBooks.
It's an app that you get from the iPad.
You can get your Kindle put on, Kindle app put on the iPad.
Barnes ⁇ Noble has a reader, and you can put that on your iPad.
And these are free there.
Snerdley says, you don't do free, but you tell people are free books.
What do you mean I don't do free?
I have free books on my iPad.
If I could pay for them, I would, but there hasn't been an option.
I've got some of the classics.
There literally are hundreds of books that are free for download.
And it just, it's a snap.
So, again, it is facebook.com slash rushlimbaugh.
The wedding pictures are up.
And as we go on, and I'm posting things there now and then, I'll be watching TV at night.
I'll see something outrageous.
And if I want to comment on it, I'll put it up there.
It's just a snap.
I'm probably going to be at the computer working anyway.
So we're just getting started with all of this.
You can see the wedding pictures and register for the free iPad.
Eight more to go.
Engraved my signature EIB logo, big two on the back.
Back after this with much more, by the way, stay with us.
I should point out you do not need a student loan to attend the Limbaugh Institute for Advanced Conservative Studies.
The Limbaugh Institute for Advanced Conservative Studies is the largest free education institution known to exist in the free world.
There are no graduates and there aren't any degrees because the learning never stops.
By the way, Al Gore is conceding on climate this year.
This is from greenhellblog.com.
Greenhellblog.com.
Speaking about the likelihood of a climate bill being passed by Congress in 2010, Al Gore told a conference call of supporters tonight, August the 10th, that this battle has not been successful and is pretty much over for this year.
Al Gore bitterly denounced the Senate and the federal government, stating several times the U.S. Senate has failed us, and the federal government has failed us.
Al Gore even seemed to blame Obama by emphasizing that the government as a whole has failed us, although the House did its job, quote unquote.
Al Gore urged his listeners to take the realistic view that they had failed badly.
Al Gore said that comprehensive legislation is not likely to be debated and that a lame duck debate is a very slim possibility indeed.
Al Gore said the government was not working as our founders intended it to.
Oh, yes, it is.
The founders have to be bastardized in order for it not to work.
Al Gore laid more blame at the feet of fossil fuel interests, who conducted a cynical coordinated campaign with unprecedented funding and who spent hundreds of millions of dollars just on lobbying.
Al Gore criticized polluters for dumping global warming pollution into the atmosphere like it was an open sewer.
Al Gore is not happy.
Al Gore is very irritated and upset out there, as reported by the Green Hell blog.
Well, he's been getting massages snurdily, and I don't think they're helping.
I mean, obviously, this is an enraged Al Gore being reported on here at the Green Hell Blog.
Scott in Bethesda, Maryland, as we go back to the phones, you're next on the Rush Limbaugh program.
Hello, sir.
Greetings from the socialist state of Maryland.
Thank you, sir.
Don't get to listen to you as much as I'd like to.
Long ago, when I first started listening, it used to irritate the heck out of me because everything you said made such sense.
I couldn't understand why anybody would do it any other way.
You know, I asked myself the same thing for 22 years.
How can anybody disagree with anything that I say?
I asked myself, and if I allowed myself to dwell on that, I could get really frustrated.
Well, don't ever retire.
Take all your money that you make one day and counteract the Nobel Prizes with the Limbaugh Prizes one day.
The reason for the call, and I couldn't help not recall a piece from years ago when you were talking about the reporter describing the Atlanta scene like Uganda.
And I'm not saying that that reporter did anything wrong, but it reminded me of that poor college student that was Telling the girl making noise outside his dorm room to shut up and called her a water buffalo, and they almost kicked him out of school for being a racist.
Oh, yeah.
Oh, yeah.
Where is that?
That was a long time.
Where did that happen?
Was that Princeton?
I cannot remember, and I know it was years ago, but I hope that's not.
I remember that sometime in the 90s in some port.
Was it an Asian kid?
I think it was a white kid, and it was just, you know, he called her a water buffalo.
It had nothing to do with her.
Some race, but maybe more to do with her side.
And then all of a sudden he became a racist, and they wanted to kick him out of school.
I remember that.
I remember.
Yeah, his name was Jakobowitz, a Jewish guy.
That's what it was, Irvin Jakobowitz.
And I think we even had this guy on the program at one time.
We had him on the program.
Yeah.
It seems like it was only yesterday.
He called this woman a water buffalo because she was making noise.
He was trying to study.
And then he was disciplined.
Exactly right.
So you're saying that the guy in the helicopter reporting over the riots in Atlanta saying it looked like Uganda needs to be disciplined.
I'm not saying he needs to be disciplined, and I'm not saying he did anything wrong.
But are they asking him the question that they ask this poor student the question?
Wait a minute.
Wait just a minute.
We've got a reporter in a helicopter flying over a riot in Atlanta, people signing up for vouchers to apply for housing.
And the reporter says it looks like Uganda and you don't think he did anything wrong.
I like to believe in the good in people.
Believe in the what?
Believe in the what in people?
The good in people.
I don't believe in the good in people.
I don't think he necessarily did anything wrong.
He was describing it.
But that interest groups were.
Wait a second.
Why?
Why a lot about things?
Why, if somebody thinks it is wrong, why would it be wrong?
What is wrong to say something looks like Uganda?
We'd have to know what Uganda looks like, wouldn't we?
And we know what Uganda looks like.
I mean, we know what the population looks like.
So is it racist to say that what's happening in Atlanta looked like Uganda?
Or is it what they do in Uganda, not how they look, but what they do in Uganda?
And is it therefore prejudiced to start assuming what they do in Uganda?
Do they riot in Uganda every day?
Help me out here, Sturdley.
Oh, oh, that's a racialist, not racist.
That's a good racialist to be in a helicopter over riots in Atlanta and to say it looks like Uganda.
I mean, really, what does Uganda look like?
And does it mean what they look like or what they're doing?
I mean, since Edi, I mean, Dada went into exile, I don't know what they do in Uganda.
Didn't Al-Qaeda wipe out some people in Uganda recently?
Yeah.
Well, he couldn't have meant that because nobody got wiped out.
I mean, people were fainting from the heat and so forth.
But I just, I think it is an interesting thing.
Atlanta looked like Uganda.
What's wrong with Uganda?
There has to be something wrong with Uganda if you're going to get in trouble for saying, well, I guess local.
Local TV report.
Might have been network.
I'm not sure which.
But it doesn't matter.
If you're going to say that whatever was going on in Atlanta looked like Uganda, it was a local reporter.
There's got to be something wrong about Uganda, right?
In which case, we have to know what is it about Uganda that's wrong?
What's the big deal about saying something looks like Uganda?
It was a high helicopter shot.
It was the big, like they show a shot of a big rally on the mall in Washington or whatever, but this was Atlanta, this public housing.
Well, people were lining up to get vouchers to get subsidies.
Well, that's what I'm saying.
Okay, Snert, I know.
It looked like an out-of-control riot.
It was.
I mean, that's how it was reported.
It looked like an out-of-control riot.
So you got a guy in a helicopter that looks like Uganda.
So are there riots every day in Uganda?
Out-of-control riot?
If there are, we don't hear about them.
Now, I'm just, what I'm trying to bore in on here is somebody finds that obviously racist or racialist or what have you.
And the reporter, the NBC reporter said, I have to be really careful here.
I can't overstep my journalistic bounds.
What's that?
Well, that means I can't do the who, what, when, where, and why, because if I do that, I'm going to be in deep doo-doo.
He didn't say it didn't look like America.
He said, I can't believe this is happening in America.
Let's go get the soundbite.
Now, this is not the sound bite where the guy mentions Uganda.
It's number seven.
This is Ron Mutt.
This is last night on the NBC Nightly News.
And here's his report on thousands of people lined up for public housing vouchers in Atlanta.
The first thought that I had when we pulled up on the scene here was whether we were in America.
And I have to be very careful as a reporter not to overstep my bounds.
But this was a very disgusting scene that we saw here in Metro Atlanta today.
Dozens upon dozens of people passing out from the heat, standing in the heat, just to get an application to apply for public housing here in Metro Atlanta.
This does not guarantee them a place to live.
In fact, they had so many applications go out today, 13,000 applications.
There are exactly zero public housing units, zero subsidized housing units available in East Point, Georgia.
A lot of these folks will never get off that wait list.
Maybe that's what the guy because maybe there's no public housing in Uganda either.
So do I hear this right?
This guy's reporting 13,000 people signed up for something that doesn't exist.
There isn't any.
Yet they're giving out vouchers for it.
And he says, I have to be very careful as a reporter not to overstep my bounds.
I'm sure what he's talking about is the who, what, when, where, and why.
I can't really answer those questions.
I mean, that's what they teach in J school.
The who, what, when, where, and why.
And the answer is always Republicans suck.
But in this case, he couldn't find a Republican.
That's what he means.
Quick time out.
Back after this.
Don't go away.
I got a note.
Limbaugh, if you really cared about America, you'd be giving away vaults, Chevy Vaults on your website, your Facebook page, not iPads.
If I really cared about America.
Okay, we are back.
Rush Limbaugh here on the cutting edge of societal evolution.
I'm sitting here watching the PGA championship, like a lot of people are curious.
Tiger continues meltdown and its implosion.
And I know a lot of you are going to watch when you get home tonight, so I'll not answer the question for you.
A lot of people are watching.
It reminds me, people have been asking, when do you start with your Hank Haney project?
The Haney project on the golf channel.
Hank Haney shows up here in the latter part of the month.
We have three shooting days here, and then we'll have three shooting days in Hawaii early September over on the Big Island.
So that show getting underway.
El Quicko, the Haney Project on the Golf.
Can't tell you the number of people who have come out of the woodwork wanting somehow any which way man or reform to be part of this.
You would not believe it.
Well, yes, you would.
You probably would.
Well, we'll post some of those pictures up at Facebook now and then we will.
I have to tell you about Life Lock, ladies and gentlemen.
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And this could happen to you.
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And it's going to be a long time before people find that out.
That's going to be an utter disaster.
Alfonso Reynolds believes somebody stole his personal papers when he left them in a broken down truck four years ago.
He had charges placed against him for crimes he didn't commit.
Credit cards are gone.
People running up bills.
It's unnecessary.
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That's Life Lock.
This is Cheryl, Kokomo, Indiana.
Cheryl, one of my all-time top 10 female names.
Great to have you on the program.
Thank you, sir.
You bet.
Hey, I just want to touch on the subject.
I live in the second district in Indiana, which is Joe Donnelly-slash-Pelosi's district.
And just for a quick example.
Wait a minute.
I like that.
She's calling from Kokomo.
She says she lives in the Pelosi district.
I love that.
I was thinking, how many people could call her and tell me what congressional district they live in?
But Cheryl here.
No, I'm calling from number two in Indiana.
Hi, go ahead.
Proceed.
Well, anyway, I am currently campaigning for Jackie Walorski in this district.
And, you know, Joe has been since July 30th with nothing but negative campaigns.
And in fact, he came out with ads before anyone else in the United States.
And then yesterday, if you saw, he released the ad where now he's thrown Nancy Pelosi and the president under the bus.
He saw he couldn't keep up with a conservative Jackie Willowski.
Here's a it's unbelievable.
Here's a similar story.
I have this from Lul.
Lulu.
Democrat U.S. Representative John Yarmouth lashed out at Obama's economic team today, saying they show more concern for Wall Street than average Americans in a blunt election year assessment from an Obama loyalist frustrated by a tepid economic recovery.
So we had this guy, Bennett in Colorado, who ran against Obama and big spending.
We have the situation here in Indianapolis or Indiana, number two, where Cheryl tells us the same thing's happening.
And now in Lulu, we're another Democrat, John Yarmuth, member of Congress, lashing out at Obama.
What started out as a bashing of Mitch McConnell by union activists shifted gears briefly when Yarmouth took aim at Obama's inner circle of economic aides.
He said, I'm not real happy with the economic team in the White House.
They think it's more important that Goldman Sachs make money than you make money.
And that's where we got to change the attitude of his.
And he's right.
He's right.
Obama is not concerned about you making money.
He wants to take your money.
Former tax increases and everything at John Yarmouth in Lulu.
Brief timeout, my friends, back after this with much more on the EIB network.
And we keep on plowing through Barack Hoover Obama's summer of recovery, which will go on to September the 21st.
What comes next?
The fall of America.
It is the fall in America, fall of America, Barack Hoover Obama's summer recovery.
F. Chuck Todd says, big problems in Washington if the Republicans win in November.
A bad election night for all of Washington, all of Washington, mind you, if Republicans win in November.
All right, that's it, folks.
A 21-hour timeout.
We'll be back here and do it all again Open Line Friday next up when we get back.
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