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Dec. 2, 2010 - Rush Limbaugh Program
36:48
December 2, 2010, Thursday, Hour #2
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Welcome to today's edition of the Rush 24 7 Podcast.
Get a lot of this.
While we were away, the White House A White House economics advisor, Austin Goolsby, not to be confused with Julian Assange.
Austin Goolsby just said that it is better for the economy if the costs of unemployment benefits are not paid for and instead added to the deficit.
That was reported by Mark Knoller of CBS News.
Stop and think of this.
The regime's economic advisor, Austin Goolsby has just said it's better for the economy to rack up more debt.
Better for the economy if the costs of unemployment benefits are not paid for.
So unemployment's even better for the economy if it adds to the deficit.
It grows the economy by virtue of the unemployed getting a check, and then we don't pay for that.
Why that boosts the economy by adding to the deficit, which makes sense if you, you know, these guys believe in Keynesian economics, giant deficits equal growing economy.
Also, Mark Noller at CBS White House reports says a failure to pay extended unemployment benefits would cost the economy 600,000 jobs over the cost of a course of a year.
Yeah, that's what he said.
White House reports as a failure to pay extended unemployment benefits would cost the economy 600,000 jobs.
I'm forced here as a resident of Literalville to take this logically.
White House says our failure to pay extended unemployment benefits.
means a refusal to pay people to not work.
In other words, we must continue to pay people to not work.
If we don't pay people to not work, it will cost the economy 600,000 jobs over the course of a year.
I don't care...
I don't care what drug you're on.
That's there's no way this makes sense.
This is stupefying.
A failure to pay extended unemployment benefits, a failure to pay people not to work.
In other words, a continuation of support for unemployment will cost the economy 600,000 jobs.
In other words, we pay people not to work, we make sure they do not work, and somehow we're losing 600,000 jobs.
So wouldn't it make sense to not pay them not to work?
If the idea is to I uh I I don't know anymore how to describe the people running this country.
I re that it's I mean they're Marxists, yeah.
Socialists, yeah, leftist liberals, but they're also just plain stupid.
Why maybe maybe what we ought to do is just double unemployment benefits, both the amount and the time we create and save millions of jobs that way.
Just like I said yesterday, get everybody out of work, pay everybody not to work.
Whoa, look at what the uh the uh economic recovery would look like then.
This is starting to sound like paying farmers not to grow crops.
We're paying people not to work, and the same time claiming a failure to do that will cost us jobs.
Now I guarantee the only people to understand that are people literally, you have to be insane to understand that.
Anyway, welcome back, folks.
Rush Limbaugh here, the Excellence and Broadcasting Network and the Limbaugh Institute for Advanced Conservative Studies.
Um I was looking up Bear Stearns in that in a previous hour, Bear Stearns was on the list of banks that got bailed out by the Fed.
But Bear Stearns have been out of business for some time.
Is it safe to say that they didn't pay that money back?
And now they'll never pay that money back.
Let's remember all of that populist rhetoric, all that bluster, all of Obama talking about is evil Wall Street guys, how he's gonna protect you from these guys, these guys are not gonna make their bonus payments, they're not gonna pay all those bonus.
We're gonna make sure these people, we're gonna send acorn out there, we're gonna disrupt their lives, they're gonna make their lives miserable, and all the while it's the rich Wall Street bankers that voted for Obama that are getting bailed out.
It takes me back.
I went back to my own website because I wanted to actually find the transcript of what I had said.
This is back in March of 2009.
This is during the first three months of this regime.
This is when all the controversy is the AIG bailouts.
I'm sure you'll recall that.
Everybody'd been whipped into a frenzy.
Here's AIG.
They'd received all his bailout money and they're still paying bonuses.
And so it was it was portrayed that your tax dollars were paying all these AIG executives their bonuses.
And AIG was in debt and they were going south, they were about to go out of business.
Then we learned that Goldman Sachs got got some bailout money after it had been laundered through AIG.
So I came to the golden EIB microphone.
I said, ladies and gentlemen, I have all of my insurance policies, most of my insurance policies with AIG.
And it would be a real hassle for me if AIG went bankrupt or if they were allowed to fail.
That would not benefit me at all.
I'm a longtime customer of AIG.
And as such, I have preferred pricing, like Chris Dodd got it countrywide, except my preferred pricing simply because I'm a good customer.
Because I'm a volume buyer, not because of who I am.
I have a lot of insurance.
By the way, here's another thing.
I would love to be treated just once.
Like Chris Dott, friend of Angelo gets a reduction on his mortgage.
People see me coming, they double the price of everything.
Thinking I can afford it.
I never get a deal.
Nobody even offers me a deal.
Everybody tries to screw me or rip me off.
I see other media people being given this or given that.
Not me.
Old El Rushbow comes along and they hit me up for twice what things cost.
So here I am, I'm paying the freight at AIG.
I am buying my insurance.
I'm a volume buyer, so I get some little bit of a discount, but it isn't much.
And if AIG went away, there'd be a lot of hassle for me.
I'd have to get with my broker, sit down, start all over again.
Prices wouldn't be as good.
And so I said at the time, why shouldn't taxpayers bail out the company that underwrites my insurance?
I mean, after all, I am paying a bunch of people's mortgages out there under Obama.
Fair's fair.
I mean if if I'm going to bail out your mortgage and a bunch of other people's mortgages and stuff, if I'm going to buy your gasoline, I'm going to buy your home heating oil and so forth, the least you can do is underwrite the company that buys buying my insurance or insuring all my needs.
But seriously, it's hysterical to watch this because the dirty little secret is that all these people getting all these bonuses are friends of Iraq.
All these bonuses were people that vote Democrat.
Most of the people on Wall Street who have their homes in the Hamptons, San Francisco, Hollywood, Chicago, New York, most of these people are wealthy Democrats.
A lot of this money, the AIG bonus money, the stimulus TARP money, a lot of it's going straight to people who end up kicking it back to Obama.
The reason I'm telling you this is that I was prescient.
This is March of 2009.
Today we learned that what I was saying back in March of 2009 was for the most part accurate.
A lot of this money, this is TARP we're talking about here, and of course, at that time we thought of an additional two trillion, that we didn't know who got it.
A lot of this money is going straight to people who end up kicking it back to Obama in the form of campaign contributions of what have you.
Now AIG, the bonuses which came to light yesterday, 165 million dollars.
That's chump change.
When you get down to brass tacks, it is.
The vast majority of all these people getting bailouts are wealthy, filthy, rich Democrats.
I'm not playing the class envy card here.
I'm not doing anything of the sort.
I'm just telling you who these people are getting these bailouts and getting these bonuses.
The people getting this money, the companies are, for the most part, headed up by wealthy Democrats.
They're huge contributors.
They are donors to Democrat Party causes.
And if they were in financial trouble, they were being helped out and paid back.
So in a sense, Obama was buying them.
He's buying their loyalty.
And I said it even better in a later portion of the show.
I said they've got too much debt.
We're trying to prop up failures because of who's at these failures.
That was the key to TARP.
And and And that's the key to what we've now learned is 3.3 trillion of the banks, the Wall Street banks, European banks.
We're trying to prop up these failures because of who these failures are.
All of these people have giant homes in the Hamptons or second homes and ski resorts, and by all means we have to keep them in their homes.
But don't misunderstand.
I'm not talking about all these Ivy League eggheads hanging together and protecting their own.
I am talking about they're all liberal Democrats.
The vast majority of them are.
And they're not going to go the humiliated route like Bernie Madoff.
They're not going to be kicked out of their penthouse.
They're not going to be kicked out of their summer places in the Hamptons or wherever.
They're not going to give up their parties.
They're not going to give up the social circuit.
They're going to get bailed out and they're going to get saved regardless of the damage they've done to these companies and the company that have invested in them.
The rest of society is going to keep on paying for this.
Those who are poor or made poor decisions are going to have to participate in improving themselves despite setbacks as we all have, or they won't succeed either.
That's the way it works.
But to destroy the core of our system, to bail out failed institutions and send wealth to those who've not earned it destroys the entire system.
And that's what's happening here.
Giant kickbacks back and forth from the regime to wealthy Democrats at these firms are being bailed out.
The money will keep circulating in the form of campaign donations.
That's how it comes back.
Obama can't let these people go under.
They fund his existence.
It would hurt the Democrat Party if these people went south.
It's a fine line here.
I know I'm sounding like class warfare, but what I'm saying is that this is about the Ivy League elites, not the rich per se.
This is about a certain class of people protecting themselves.
And the best way to protect themselves is to be in bed with Obama, in bed with the regime.
Now, all of this I was pointing out in March of 2009.
When I started wondering, is any of this real?
This is about a certain segment of the rich protecting itself, protecting its political investment in Obama, Obama protecting their political investment in him.
Let me tell you, these are the people who fund the Democrat Party.
That's who's being bailed out.
This March of 2009 I said this.
Now we see that I, as usual, was right.
These are the people who fund the Democrat Party.
They live in Manhattan.
They live in the Hamptons.
They live in the main line of Philadelphia, giant penthouses, San Francisco, Top Knob Hill.
They live in Hollywood.
They're the heart and soul of the Democrat Party.
The really super rich parts of our country are heavily Democrat now.
We don't begrudge them their wealth.
We don't begrudge them their success.
We're just pointing out here what's going on.
It's made to look like we've got to do this to save the country.
We've got to do this to save our financial system when it was about saving certain people.
and And Obama.
So that takes us to the TARP part of this.
And that's this 3.3 trillion that we've learned above and beyond TARP that went to GE, to the teacher system in California, personal and the retirement fund for the state employees, municipal employees, Bristol, Connecticut, Harley Davis and all the Wall Street banks and all the European banks.
What's being done here, and this is this where Mr. Munger at Duke University was invaluable in his assistance.
What's being done here is unprecedented.
The Fed and QE2, quantitative easing, for all of its brazen chutzpah is at least legal because the Fed is independent.
By design, they don't have to answer to Congress or to anybody else.
And what they're doing is buying up debt.
And that is what is unprecedented.
The thing about TARP That was so unprecedented and so dangerous is that TARP gave government regulators the power and the money to buy up equity.
That is, they were buying up ownership of companies.
And there are two dangerous things about that.
Number one, it means that the government now sits on the boards of these companies.
That's socialism.
You make fun of us when we say Obama Pelosi reader socialists, but government ownership of the means of production is Karl Marx's definition, verbatim.
Socialism.
I I would add that it gets close to even fascism.
It just is.
And number two, it means that the government is in a position to help friends and punish enemies on a scale not seen since the 1930s.
And that is what the real point of all of this is.
TARP and this 3.3 trillion.
The extended recession of the 1930s actually has the same cause as the high unemployment rate has today.
Uncertainty about government policy and the recognition that if you play ball, you'll get government money.
If you play ball, you get government money.
But government money is a devil's bargain.
Once the government has a seat at your board of directors' table, they'll want changes in how you produce, how you treat unions, and so on.
So as bad as Fed policy is right now, the real danger is that we forget the line between the debt and equity, which is ownership for government.
So on the one hand, you know, we're bailing out debt.
Fine, but now we're bailing out equity or assuming equity, spending money on equity, and that's it just dovetails so nicely with.
Well, we got General Electric, General Motors, Chrysler, who knows whatever else the government is now directly involved in how certain businesses and now industries run.
Health insurance, next on the uh on the board.
So you can see that that this is uh uh fairly insidious.
That's just the TARP side of this.
There are other aspects of this too that that um how we're monetizing our debt, and that has the the ChICOMs and everybody all ticked off at us because we're essentially paying off our debt now with monopoly money, meaning we're printing money and paying it to ourselves.
That's cheating.
And the ChICOMs and others uh look at, as Munger explained it to me, when the Chiccoms, when the ChICOMs accuse you of cheating.
You are cheating.
Because they allow so much.
They're buying by they're communists.
At any rate, folks, a quick time out.
I know a lot of you have been on hold for a long time.
We'll get to your phone calls.
There are other things, of course, in the stacks of stuff here today.
All the rest of it coming up right after this.
So essentially TARP turned out to be the mother of all of Obama's flush funds.
And now we know why Obama is not concerned in the slightest about all this budget spending, all the overges, all the deficits, and because that pales in comparison to what we've done with all these other um bailouts of our banks and their banks.
At the end of the day, folks, we've just kicked the can down the road.
None of this is real.
You don't just go in and print $3.3 trillion worth of money without there there is going to be a price to pay for this down the road.
Inflation is going to kick in at some point.
These these revelations are far more shocking than the stuff in WikiLeaks.
This is the WikiLeaks dump.
But this stuff hurts the Democrats, so it's going to be buried.
You're not gonna, you're not gonna have anywhere near the depth of detail of this stuff discussed in the drive-by media state control media.
They're not even going to be any interested in it.
It's just they've reported it, the Washington Post did on the front page, get it out of the way, it's over.
Move on to focus on how uncooperative and how mean the Republicans are.
They want to starve kids again.
The Republicans, damn it, they won't even go bipartisan here and work with the Democrats.
There's a story I've got it somewhere here in the stack, the media all upset because the Democrats' plans are being upset by Republicans here in the lame duck.
As though that's what all this is.
We got to make sure the Democrats get what they want.
So that'll be the focus, the traditional horse race politics in the media.
But the trillions of dollars of taxpayer money that we didn't even know about, who it went to and why, you're not gonna see you're not gonna see another page about it.
So the phones we go to Tampa.
We're gonna start with Don.
Great to have you on the program, sir.
Hello.
Trush is an absolute honor to talk to you, especially on such an important day, and I think one of your more brilliant uh monologues, so thank you.
I uh I'm not a very smart guy.
I didn't go to Princeton.
Let me tell you something.
If you understood what I just said, you're very smart.
Well, I'm not, but I can I run some a little scenario by you.
What I'm thinking is that all of these progressive world governments and state governments and in these big banks and in these liberal companies, the GEs, the caterpillars, they all mismanaged their business.
They're progressive businesses, and they imploded.
And in the fall when Obama was coming in, they told everyone panicked, everyone dumped everything they had poured their heart and souls and worked for years in saving for retirement, dumped all their shares.
And then the Branank.
The Branank steps in and he says, I'm gonna save the day.
And he gives all the pe all those entities, the emplo the progressive implosion.
He gives them our money.
And they go out, the same ones, and they buy up all their own shares.
Caterpillar and in G. I don't know about caterpillar in this.
I I know I know why you're including counterpillar in this.
I d I'm not comfortable including counterpillar, but I think theoretically, um you're on to something here.
I I'm I would not dispute most of what you're saying.
You want to know how the media is treating these uh these Fed revelations, which I essentially spent about an hour on, and it's rare that we spend an hour on anything solid on this program.
In the New York Times, they have buried this story, which is enough to tell me it's it's it's bad.
They have buried this story in their economy section.
And their headline is Fed documents reveals scope of aid to stabilize economy.
Well, hello, that's all I need to know.
When the Times writes of it that way, I know there's a cover-up.
Or if not a cover up, let's de-emphasize this.
Okay, the Fed, we got the news out there, it's after the election.
Another two years before the next election.
Let's put it out there and say, Oh, yeah, we did report this, and we'll move on to how rotten the Republicans are.
Which is what they've done.
By the way, this afternoon, John Boehner held a press conference.
Today's the big day where the Democrats are going through this sham motion of voting on extending the middle class Bush tax rates.
Now again, what I would love for Boehner to say, of course, I'm not Boehner and I'm not their writer and all, but I would love for them to say, I thought there weren't any middle class tax cuts, Miss Pelosi.
So the last seven years, all I've been hearing about from you is how you uh were the Republicans cut taxes for the rich for millionaires and billionaires.
The Bush tax cuts left everybody else out, and now all of a sudden you're voting on extending the middle class tax rates.
We didn't think there were any based on what you've been saying.
They are call the whole thing chicken crap.
Here's the soundbite.
The last thing our economy needs right now is a job-killing tax hike.
And that's what this plan of theirs would mean.
Trying to catch my breath so I don't refer to this maneuver going on uh today as uh as uh chicken crap, all right.
But this is nonsense.
All right.
The election was one month ago.
We're 23 months from the next election, and the political games have already started trying to set up the next election.
He's exactly right.
I told you.
All this vote for is today is for TV footage for some campaign ads coming in the next election two years from now.
But it's good to hear Boehner exercise like this.
It's good to hear these guys get outside the our friends, the Democrat line.
Our good friends of the Democrats are wasting the houses' time.
It's good.
It is chicken crap.
And he wanted to say more.
And he started losing it here at the end.
It is nonsense, all right.
The election was a month ago.
I love it.
Indianapolis, this is Michael.
Nice to have you, sir, on the EIB network.
Hello.
Hello.
Hi.
Uh just want to tell you, Rush, I'm an evil wall street person.
Um although you're one of my heroes.
Thank you.
Um but I the reason I was calling is that I'm a little bit concerned about your portrayal of both the economy, because I I think you said earlier that it's continue continuing to spiral down, and of the Federal Reserve.
I think both of those things are wrong.
Um because, you know, just looking at the economic numbers we got this morning, I mean, we had you know, pending new home sales were supposed to be negative.
They were up ten percent, and most of the retailers were reporting their November retail sales at over six percent up, which is a huge number.
I just want to tell you something, Michael.
If George Bush were still in the White House, do you think either of these two numbers would be reported as they have been today as you saw them?
Probably not.
No.
I I agree with that, but I I think you know, one of the things you want to look at is, you know, at the stock market, which is up about since the beginning of September, it's up about fourteen or fifteen percent.
That's right, because the Fed is enabling companies Right.
I mean, because the Fed's increasing the money supply, and the other reason is because the Republicans won the House of Representatives.
But I think, and my only concern is I think we're getting ready to go into next year, which I think is gonna be a barn burner for the economy.
So my concern is just that as you as a leader of the conservative movement, if you sit there and continue to downgrade all this.
Well, I'm not gonna downgrade it if it's real.
It it's gonna be real.
I I can tell you that.
I mean, I I just look at all the numbers and you know, and and the other thing about Bernanke, because I know he's getting bashed from everywhere, but I would just ask everybody to realize that he is the foremost expert on the depression that we had in the nineteen thirties.
He's doing everything exactly the opposite of what the Federal Reserve did then.
And I'm sure he doesn't have an easy job, but uh I'm sure it's very difficult, but it's all because the Fed probably really caused the depression.
They pretended to think.
Wait, wait, wait, wait just a second here, about the depression.
What I have heard from the learned people on the left, the problem with the Great Depression was that Roosevelt didn't spend enough and didn't do it fast enough.
Is that what you're saying, Bernanke's correcting?
Because he is spending...
No, what happened in the 1930s, if you go back and look at it...
No, I know what happened.
I just saw what the conventional wisdom is about what the what the left says about what what what what what Roosevelt did not do right?
The Feder it it didn't really have that much to do about Roosevelt.
I mean, the Federal Reserve collapsed the money supply and raised interest rates.
And then on top of that, Congress raised taxes.
I mean, yeah, it's just so stupid.
Yeah, but Bernanke's an expert.
The Federal Reserve was the cause of the Great Depression because of what they did.
And Bernanke is doing exactly the opposite.
I think he will go down as great American hero.
As you will too, by the way.
Well, that is um that's a matter of some debate, depending on what circles.
But I it it it's i if you you must you have to say then that Paul Krugman is an expert too, because they're identical or singing from the same choir book.
He's clueless.
Well, but he's doing exactly what Bern he's do it he are he's he's suggesting everything that Bernanke's doing.
Bernanke is an expert on the depression.
He thought it was all about deflation, right?
Yeah.
Yeah.
Okay.
So if Bernanke's an expert, so's Paul Krugman.
Do you want to identify is Paul Krugman going to go down as a great American sitting next to Ben Bernanke?
No.
He's clueless.
No, I mean he recommends so many.
Yeah, but they're both deflation phobes.
In this in this case, if he's agreeing with Bernanke, I I will say okay, he's right.
But I just think that you know what they're trying what what the Fed is trying to do is they're trying to do everything opposite for the most part of what happened in the 30s.
And we have a saying in our business, don't fight the Fed.
Because they're gonna win because they control all the money.
No, and they can privy it.
And they can print exactly.
So I think what my only concern is because I I I I do think that Obama by focusing on health care and all this socialist stuff has hindered the recovery.
But what I don't want to see is that, okay, let's say we have a strong economic recovery next year, and then Obama's gonna take credit for it.
Well you know that's gonna happen.
But I think you know, what what you can do is kind of like look behind the scenes and give all your callers like, okay, this is really it's like the Fed that that engineered this has nothing to do with what Obama Now I look it.
If just just so you know, if if if the economy rebounds to the point that you say it will, the people I'm gonna credit are the people of the country.
Uh I I'm not I'm not gonna say one guy saved America, one guy saved the financial system.
I could keep you on this phone for the remainder of this program because one thing that we have, and I'm not I'm not gonna do it obviously, but one thing we haven't discussed is why is Bernanke having to do why he's doing.
You know, what led to this mess?
This is an absolute disaster.
There's nothing real.
When we've gotten to the point where the guy that's gonna be the greatest American hero of all time is printing money to bring us out of a disaster, what in the name of Sam Hill when there was a Sam Hill are we talking about?
I mean, with we're we're in this mess because of obviously certain things, and that's what people are still trying to get their arms around.
What happened to cause all this?
At what point did the confluence of nothing is real finally surface.
So I mean, I I I don't know one thing that the Fed's doing that is opposite from FDR.
I don't know.
I can't I can't find one thing.
Um opposite of FDR would be lower taxes, cut federal spending.
We're doing none of that.
We're gonna raise taxes and we're increasing federal spending, whether it's coming from the Fed or from Congress or what have you.
The Fed's doing I I don't I just I just don't I don't see it.
We'd be doing we're just we're just doing more of FDR here, which is why Krugman likes it.
But even for him it's not enough.
All right, look, Michael, I'm glad you called.
Thanks, uh thanks very much.
I know he's a market guy, wants the economy to come back.
If the economy comes back, and if it's legit, I'm gonna be the first guy saying so.
But I'm not gonna fall look at okay, housing starts or whatever the stat was ten percent, one of foreclosures.
You know, this the record, this stuff is not these things don't happen in vacuums.
I know we gotta start back somehow, and we have to start back somewhere.
But I'm not prepared as a as an American to accept a new norm of ten percent unemployment.
And to say anything uh uh beyond that is is an improvement.
You know, I've that that's that's not the country I've known.
If we accept that, then we're gonna accept the notion that what was was phony, unattainable again, and this is the new America.
We got a president who believes in cutting this country down to size and he's succeeding.
We got a president running around the world saying that we're no longer going to lead the world in anything economic.
And the last thing we need is to have that uh whole notion substantiated, agreed with and acted upon.
So there's to me, uh the problem of Obama is not gonna go away with a rebounding economy.
The the truth will matter will be if it happens is that not even Obama can destroy the country.
Which I have total faith in, by the way, that he can't.
And we'll be back sit tight.
Hi, welcome back, Rush Limbaugh.
This is the excellence in broadcasting network.
Now, of course, a Wall Street guy, and no disparagement to Wall Street guys, but they're doing pretty well.
They've been brought back.
The Fed, don't forget this, the Fed arranged for a bunch of companies to buy equity and stocks in the stock market brought them back.
People at Wall Street are doing well.
They're getting their bonuses.
They've been made whole.
Their sector of the economy is doing well, so naturally they'll think so.
My theory is that when the economy has recovered, we'll know it.
We won't need to be told.
Just like we don't be told that the economy's gone south.
We don't need to be told that we're in a recession to prep.
We don't need to be told that things are bad.
We know it.
When the economy starts coming back, we'll know it.
It won't be because somebody's released some figures in the housing market or any other market.
And this economy, and we've said this from the get-go.
This economy is going to rebound.
It is going to rebound despite Obama.
And when it does, it is going to be a testament to the power of American capitalism when it does.
It is going to be a testament to the resilience and uh creativity entrepreneurship of the American citizen.
Not even Barack Obama can destroy the economic engine of this country.
He's doing his level best to try.
But he's not going to be able to succeed in the long haul.
Our argument is why go through this in the first place.
Why have to sit here and put up with a socialist who doesn't like the country as it was founded?
And have to go through this whole mishmash of having him try to destroy it and have some success at it and then have to rebuild it.
people's lives get harmed greatly in the process of all this happening.
Some guy's silly ideological beliefs to be given a test.
All this is so unnecessary.
There was no reason to tamper with this country, with this economy, the greatest on earth, greatest ever.
But it wasn't viewed that way by Obama and his bunch.
You'd add is manifestly unfair.
Racist, sexist, uh biased, prejudice, what have you.
Adam, Port Charlotte, Florida.
I'm glad you waited.
You're next to the Rush Linboard program.
Hello, sir.
Hey, Russia's an honor to talk with you.
Thank you.
A long time listener.
Uh forgive me if I'm a bit nervous.
I just want to share my story out there.
Um college student right now.
And I'm looking at uh I'm working part-time job at a restaurant right now, and I lost my job as a plumber, making decent money during the whole housing crisis and everything.
Um since then I've been trying to find a new job there.
Been finding uh odds and ends jobs with uh construction, and I'm just really just concerned about the economy right now.
I really don't know what's gonna happen.
Well, I do, but I can't tell you specifically when it's gonna come back.
The economy is gonna come back, and at some point you're gonna have less trouble finding work then than you are now.
So you can at least be confident about that.
In the meantime, do not be embarrassed about whatever work you can find.
You know, don't don't penalize yourself or or punish yourself by saying, Well, look, I'm in college, I'm qualified to do X, and I gotta do this.
Uh gee, this is this, this is horrible.
Don't don't don't let this uh make you feel badly about yourself because you can't find the job you think you're qualified for.
You know, join the join the club, the the key.
Well, I'm thankful for the job I do have, yes.
Pardon me?
I'm sorry, I am thankful for the job I do have.
You know, um, it's just I'm gonna get about when I when I graduate, what am I gonna do?
You know.
Um to be honest, I think the best thing would that would happen would be to not only you know extend these Bush tax cuts, including for the the richest, but to actually cut taxes even more.
Yeah, exactly.
Right.
I think 25% would be perfect.
You know something you might do?
I mean, if you if you really want to move up right now, you might check out whoever is maintaining foreclosed properties.
I have suggested this to a number of people.
I don't know how many foreclosed houses there are out there, but they all have their yards that need to be mown, and they all have to be maintained.
The banks or somebody owns them.
Fannie Mae and Freddie Mack are paying a fortune to pay the upkeep on all these houses.
And they all have plumbing.
And they all have plumbing that needs to be maintained.
At some point, these homes, these properties, whoever owns them is going to want to resell them.
And the better shape they're in, the easier the sale is gonna be.
So I was I can't remember who.
While I'm talking to you, I'm trying to remember.
I had a conversation recently with somebody about some young person they knew.
And they were talking of this person telling me that well, that person has got a degree, a master's degree.
I don't think that that's and I said, any job is good.
And a person's very young.
Any job, start out job, any job right now is fine.
Nobody's in a position right now to be that picky and choosy.
There's no job that's demeaning, particularly in uh an economy like now, like this one, particularly a first or second-time job.
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