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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 Knoller 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 report says a failure to pay extended unemployment benefits would cost the economy 600,000 jobs.
I'm forced here as a resident of Litteralville to take this logically.
White House says a failure to pay extended unemployment benefits.
That 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.
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 don't know anymore how to describe the people running this country.
It's...
I mean, they're Marxist, yeah, socialists, yeah, leftist liberals, but they're also just plain stupid.
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 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 at the same time claiming a failure to do that will cost us jobs.
Now, I guarantee the only people who understand that are people, literally, you have to be insane to understand that.
Anyway, welcome back, folks.
Rush Limbaugh here, the Excellence in Broadcasting Network and the Limbaugh Institute for Advanced Conservative Studies.
I was looking, Bear Stearns, and that in a previous hour, Bear Stearns was on the list of banks that got bailed out by the Fed.
But Bear Stearns had 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.
Listen, for all of that populist rhetoric, all that bluster, all of Obama talking about these evil Wall Street guys, how he's going to protect you from these guys.
These guys are not going to make their bonus payments.
They're not going to pay all those bonuses.
We're going to make sure these people, we're going to send Acorn out there.
We're going to disrupt their lives.
You're going to 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 had 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 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 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 Dodd, 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 Rushball 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?
After all, I am paying a bunch of people's mortgages out there under Obama.
Fair is fair.
If I'm going to bail out your mortgage and a bunch of other people's mortgages and stuff, and if I'm going to buy your gasoline and I'm going to buy your home heating oil and so forth, the least you can do is underwrite the company that 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 Barack.
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 learn 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 an additional $2 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 and what have you.
Now AIG, the bonuses, which came to light yesterday, $165 million, that's chump change.
When you get down to brass tags, 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 that's the key to what we've now learned is 3.3 trillion.
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 in ski resorts.
And by all means, we have to keep them in their homes.
Don't misunderstand.
I'm not talking about all these Ivy League eggheads hanging together protecting their own.
I am talking about it.
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 have not earned it destroys the entire system.
And that's what's happening here.
It's 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 penthouse, 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 got to do this to save the country.
We got to do this to save our financial system when it was about saving certain people.
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, the retirement fund for the state employees, municipal employees, Bristol, Connecticut, Harley-Davidson, all the Wall Street banks, and all the European banks.
What's being done here, and this is 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 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, 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 this is uh fairly insidious.
That's just the TARP side of this.
There are other aspects of this, too, that how we're monetizing our debt.
And that has 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 ChaiComs and others, look it.
As Munger explained it to me, when the ChaiComs accuse you of cheating, you are cheating.
Because they allow so much.
They're communists.
At any rate, folks, a quick timeout.
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 overages, all the deficit.
Because that pales in comparison to what we've done with all these other 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 is going to be a price to pay for this down the road.
Inflation is going to kick in at some point.
These revelations are far more shocking than the stuff in WikiLeaks.
The WikiLeaks dump.
But this stuff hurts the Democrats, so it's going to be buried.
You're not going to have anywhere near the depth of detail of this stuff discussed in the drive-by media state control meeting.
I'm not even going to be any interested in it.
They've reported it.
Their Washington posted it 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 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 about.
We've 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 going to see another page about it.
So the phones we go to Tampa.
We're going to start with Don.
Great to have you on the program, sir.
Hello.
Trush, it is an absolute honor to talk to you, especially on such an important day.
And I think one of your more brilliant monologues.
So thank you.
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 can I run a little scenario by you?
What I'm thinking is that all of these progressive world governments and state governments and these big banks and 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 Brenanck, the Brenanck steps in and he says, I'm going to save the day.
And he gives all those entities 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 G.
I don't know about Caterpillar in this.
I know why you're including Caterpillar in this.
I'm not comfortable including Caterpillar, but I think theoretically you're on to something here.
I would not dispute most of what you're saying.
You want to know how the media is treating 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 bad.
They have buried this story in their economy section.
And their headline is, Fed documents reveal 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.
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 that.
I would love for them to say, I thought there weren't any middle-class tax cuts, Ms. Pelosi.
For the last seven years, all I've been hearing about from you is how you Republicans cut taxes for the rich, for millionaires and billionaires, how 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.
Boehner called 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 today as 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 us 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, the Democrats, are wasting the house's time.
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.
Just want to tell you, Rush, I'm an evil Wall Street person, although you're one of my heroes.
Thank you.
But the reason I was calling is that I'm a little bit concerned about your betrayal of both the economy, because I think you said earlier that it's continuing to spiral down and of the Federal Reserve.
I think both of those things are wrong.
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 10%.
And most of the retailers were reporting their November retail sales at over 6% 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 agree with that, but I think one of the things you want to look at is at the stock market, which is up about, since the beginning of September, it's up about 14 or 15 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 going to 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 going to downgrade it if it's real.
It's going to be real.
I can tell you that.
I mean, I just look at all the numbers and, you know, 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 1930s.
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 I'm sure it's very difficult.
But it's all because the Fed probably really caused the Depression.
Wait, wait, wait, wait, 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'm just what the conventional wisdom is about what the left says about what Roosevelt did not do right.
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, 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 a great American hero, as you will, too, by the way.
That's a matter of some debate, depending on what circles.
But you have to say then that Paul Krugman is an expert too, because they're identical.
They're singing from the same choir book.
He's clueless.
Well, but he's doing exactly what Bernanke.
He's suggesting everything that Bernanke is doing.
Bernanke is an expert on the Depression.
He thought it was all about deflation, right?
Yeah.
Yeah.
Okay.
So if Bernanke is an expert, so is 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, but they're both.
He recommends so many.
Yeah, but they're both deflation phobes.
In this case, if he's agreeing with Bernanke, I will say, okay, he's right.
But I just think that, you know, 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 going to win because they control all the money.
No, and they can private.
Exactly.
So I think my only concern is because, you know, I want to see, 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 going to take credit for it.
Well, you know that's going to happen.
But I think, you know, 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 engineered this has nothing to do with what Obama is about.
Now, I look at if just so you know, if the economy rebounds to the point that you say it will, the people I'm going to credit are the people of the country.
I'm not going to 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 haven't, and I'm not going to do it, obviously, but one thing we haven't discussed is why is Bernanke having to do what 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 going to 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, and there was a Sam Hill, are we talking about?
I mean, 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 don't know one thing that the Fed's doing that is opposite from FDR.
I don't know.
I can't find one thing.
Opposite of FDR would be lower taxes, cut federal spending.
We're doing none of that.
We're going to 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 just don't, I don't see it.
We'd be doing 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 very much.
He's a market guy.
Wants the economy to come back.
If the economy comes back, and if it's legit, I'm going to be the first guy saying so.
But I'm not going to fall.
Look at, okay, housing starts or whatever the stat was, 10%.
What are foreclosures?
You know, their record, this stuff is not, these things don't happen in vacuums.
Now, I know we've got to start back somehow.
We have to start back somewhere.
But I'm not prepared as an American to accept a new norm of 10% unemployment and to say anything beyond that is an improvement.
You know, that's not the country I've known.
If we accept that, then we're going to accept the notion that what was was phony, unattainable again, and this is the new America.
We got a president who believes in cutting his country down to size and he's succeeding.
We've 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 whole notion substantiated, agreed with, and acted upon.
So to me, the problem of Obama is not going to go away with a rebounding economy.
The truth of the 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 need to be told that the economy's gone south.
We don't need to be told that we're in a recession.
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 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.
He's doing everything he can to knock it down, 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 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.
All of us say 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 as manifestly unfair.
Racist, sexist, biased, prejudiced, what have you.
Adam, Port Charlotte, Florida.
I'm glad you waited.
You're next to the Rush Wind Boy program.
Hello, sir.
Hey, Rush, it's an honor to talk with you.
Thank you.
Time caller, a longtime listener.
Forgive me if I'm a bit nervous.
I just wanted to share my story out there.
College student right now, and I'm looking at, 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.
And since then, I've been trying to find a new job there.
Been finding odds and ends jobs with construction.
And I'm just really just concerned about the economy right now.
I really don't know what's going to happen.
Well, I do, but I can't tell you specifically when.
It's going to come back.
The economy is going to come back.
And at some point, you're going to 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 penalize yourself or punish yourself by saying, well, look, I'm in college.
I'm qualified to do X, and I got to do this.
Gee, this is horrible.
Don't let this make you feel badly about yourself because you can't find the job you think you're qualified for.
Join the club.
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.
It's just a good idea about when I graduate.
What am I going to do?
And to be honest, I think the best thing that would happen would be to not only extend these Bush tax cuts, including for 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 really want to move up right now, you might check out whoever is maintaining foreclosed properties.
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 Mac are paying a fortune to pay the upkeep on all these houses.
And they all have plumbing.
And they all have plumbing.
It 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 going to be.
So 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, and this person was telling me that, well, that person has got a degree, a master's degree.
I don't think that that's what.
And I said, any job is, and the person's very young, any job, startout 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 an economy like now, like this one, particularly a first or second time job.
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