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Jan. 7, 2011 - Rush Limbaugh Program
36:54
January 7, 2011, Friday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
I swear every time I see Nancy Pelosi, she looks like those guys that have been displaced in a coup.
It's like she does not actually believe what has happened to her, but whatever it is, she doesn't think it's legitimate.
Live from the Southern Command in sunny South Florida, it's Open Line Friday!
Oh boy, oh boy, oh boy, our favorite day of the week.
And that's tough because we love a ball.
Here at the one and only Excellence in Broadcasting Network, Rush Limboy and the Limboy Institute for Advanced Conservative Studies.
Great to have you here.
Open Line Friday is a unique opportunity for the people that call a program.
Normally, Monday through Thursday, in order to get on this program as a caller, you have to talk about something that I care about.
I don't...
Life's too short.
The program's too short.
Time is too precious.
I don't want to sit here and talk about things I don't care about because I will sound bored and that's not good.
Who wants to listen to somebody who sounds bored, right?
So Friday, that's why I called as well.
Yeah, I suck it up.
And this is one of the greatest career risks known to exist in modern media.
It's an even greater risk, folks, than picking up some mellifluous, voiced, homeless guy off of a bench and having him voice your promos like they're doing at MSNBC.
This is an even greater career risk than that.
Because on Friday, if I don't care about it, I still will entertain it.
And that's why it's a golden opportunity for those of you who think you know how to do this better than anybody else who does it, or there are things that need to be said that aren't being said.
Did you have questions or comments?
Really a wonderful opportunity here afforded by me, your host.
We call it Open Line Friday.
Telephone number is 800-282-2882 and the email address, LRushbow at EIBNet.com.
Ask yourself this.
Would a Democrat ever let you talk about something they don't want to talk about?
I doubt it.
All right, the big news.
It's just amazing the narrative here.
It's Friday.
So what's the big news?
The big news is the unemployment number.
Whatever the number is and whatever the unemployment rate is, that's the big news.
And Obama just had a press conference.
Well, he didn't have a press conference, but he had an appearance at Thompson Creek Manufacturing Company in Landover, Maryland to talk about the monthly employment report that came out today.
And let's go through the state-controlled media and the way they report this, even though it's predictable.
First up from the Associated Press.
And now, it sounds to me if you read the AP today, and I don't know how much media attention you've been paying today, but depending on where you go, I mean, the media is finally, all right, 9.8 to 9.4.
100,000 new jobs, right?
All right.
We're coming back.
Then you go to the Fed chairman.
It ain't that good.
We can't.
And other places, it's not that good.
Other places, they're throwing parties.
So what is the truth about that?
Well, let's examine it all before I tell you what's really happening here.
From Associated Press, the nation's unemployment rate dropped to 9.4% last month, its lowest levels in 19 months.
That was because more people found jobs.
Normally, AP would just stop there.
That'd be the end of the story, the headline, and then they move on to something else.
But they didn't stop there.
The nation's unemployment rate dropped to 9.4% last month, its lowest level in 19 months.
That was because more people found jobs, but also because some people gave up on their job searches.
This might be a first.
If it's not a first, it's a second or third.
AP doesn't talk about that aspect of the unemployment situation.
They don't talk about the number of people who've quit working and how that affects all the other, quit looking, and how that affects all the other numbers.
This is a stunning admission from AP, and it's especially shocking to see this in their lead paragraph.
Normally, they would either not report this or bury this long after that point in the story where most people have stopped reading.
Also, because some people gave up on their job searches.
The Labor Department says employers added 103,000 jobs in December.
That's an improvement.
But far below most analysts' expectations.
Unprecedented again.
Faced with the opportunity here, folks, and with the raw numbers, 9.8 down to 9.4, 103,000 new jobs.
That, I mean, compared to 34,000, 22,000, 20, why, they had an opportunity here to portray a full-fledged economic recovery going on.
And they're doing just the opposite.
Labor Department says employers added 103,000 jobs in December, an improvement, but far below most analysts' expectations.
Private employers added a net total of 113,000 jobs last month.
Government shed 10,000.
By the way, any of you happen to know what the expectation of analysts was?
Is that ever reported?
I happen to know what the number is.
I'm just asking you if you do.
What is it?
Wrong.
Wrong.
Yep, stick with me.
HR just made a guess on the IFB.
Every week, we hear that the result, whatever it is, is unexpected or shocking or surprising to analysts who had predicted something else, but we never see the story of what the analysts had predicted.
For example, next Monday or Tuesday, will we see a story?
Analysts are expecting X, whatever the number is, on new jobs at the end of this week.
You never see the story.
All we get is surprising, it's not as much as they expected or way above their expectations.
The fact of the matter is, AP's got it right here, far below most analysts' expectations.
The truth of the matter is the expectations were as high as 300,000.
That is why the tone of this story and everywhere else, that's why Obama had to go out there and try to spin this today because this is not, it's perhaps worse news than we've had in a long time, even though 9.8 goes to 9.4.
Because, again, it's how you set the table.
It's what's the baseline?
What are the expectations?
As we talked about during the lame duck and the Bush tax rates staying the same, versus being extended or suspended, and therefore rates going up.
There was no tax cut, but the way they set the table, that's what the debate ended up being about.
The experts last week said 300,000 new jobs would be created in the most recent reporting period, and it's 103,000.
That's one-third, that is 30% of what they were expecting.
As a result, stock markets dropping today.
The price of gold is perking back up.
And there's a household survey out there, and it's been typically weaker than the main report that actually showed a jump of 297,000.
So that's what they were expecting in the 297 to 3,000 range.
It got 103.
Over the past three months, the economy has added an average of 128,000 jobs.
That's just enough to keep up with the population growth.
Nearly double is generally needed to significantly reduce the unemployment rate.
So all through this AP story, they're wringing their hands.
They're worried about it.
It's as though folks that they, I think, finally have, they're getting tired of carrying Obama's water on this.
We're heading now into the third year pretty soon, and it's getting worse.
They had every opportunity here using the ignorance of their customers because who knew the 300,000 number that was expected?
Well, the experts predicted.
Who knew that?
And don't forget, Joe Biden, Vice President Bitney, assured us the economy would be creating 500,000 jobs a month starting last spring as a result of the stimulus.
Okay, so that's AP.
Let us, and by the way, the bottom line is that people still are not hiring.
Even though there's 103,000 jobs, people, there's not, it's like the birth rate.
You know, we're producing enough new human beings to maintain our population rate, so that's called replacement birth levels, but we're not doing anything to increase our population.
We are not doing anything to increase the number of people working.
And by the way, the only you ask, well, okay, how come the number can go from 9.8 to 9.4?
Very simple.
A government just decides that there are 400 plus thousand fewer jobs to be had.
So the universe, the total number of jobs available in the country, they just decided to cut by 400,000.
That, so as a percentage of people unemployed, if you take a number of universes of jobs and make it smaller, that's how you can lower the unemployment rate from 9.8 to 9.4.
But believe me, everybody knows this is a 10 to 17 percent rate of unemployment when you factor in the people who've no longer are seeking work, have given up looking for work.
You know, that's the U6 or U3 number that never gets reported, but AP is alluding to it here.
Not insignificant.
Here is, wait a second now.
My golly, it's the same reporter.
Well, look at this.
Well, look at, folks, I have to sort this out.
I thought I had two different stories here, and I do, but it's the same reporter, and he's written a very positive story.
Why I've got it, let's take a brief obscene profit time out here.
Let me sort through this.
Something, something is, because here's the headline of the story I just read.
Unemployment rate falls to 9.4% hiring up.
December jobs report seen showing greater hiring is the second story.
Both of these by Christopher S. Ruegeber.
And they are 20 minutes apart.
Back in just a second.
All right, it's even better than I thought.
As a media exercise, this is even better than I thought.
I had two stories here from AP.
One is before the jobs data came out.
So it's a story on expectations.
And of course, where do they get the data for their story on expectations?
They get it right out of the BLS, the Bureau of Labor, they get it from the regime.
And it's so rosy.
I mean, it is, it is, both Reuters and AP, everybody else in the news media just knew that the numbers, the job numbers were going to be great for December because first they had the ADP number of 297,000 or 292,000 jobs, ADP said that private employers created.
And these two stories that came out before the official numbers were released.
At least these two agencies, AP and Reuters, had no problem whatsoever reporting news that hasn't happened yet, like the unemployment report.
As long as it would help Obama the Democrats, then when the numbers came out, that's why AP went slash and burn on them.
Because it is such a stark difference from what they were probably told to expect.
The first story before the numbers came out ran about 9.10 this morning.
And December jobs report seen showing greater hiring.
The government expected to report Friday that businesses stepped up hiring in December, a trend likely to gain momentum this year.
Economists are predicting employers added a net total of 145,000 jobs last month, and that the unemployment rate dipped to 9.7%.
Some are even more optimistic after a private payroll firm estimated this week that companies added nearly 300,000 jobs in December.
Also encouraging.
Was a report that fewer people applied for unemployment benefits over the past month than in any four-week period.
Oh, this is all starting to come together now.
They finally going to tell the truth about why fewer people applied.
It's because they stopped looking for work, not that they found work.
And a payroll tax.
Now, get this.
A payroll tax cut that goes into effect this month will give Americans even more money in the new year.
Economists expect that will boost economic growth and give businesses more confidence to hire.
So what's that?
The AP is suggesting that tax cuts might boost the economy and hire.
Look at all of the rose-colored garbage they put in this story before the numbers came out.
I mean, folks, they were having the orgasm here before anything it takes for an orgasm.
If you get my drift here, they were looking at Playboy before opening the cover.
And then the numbers came out, and it didn't.
Just 30 minutes later, they write a report that scades.
Now, Reuters, again, before the news came out, payrolls seen hitting seven-month high.
U.S. economy probably is a news story now.
It's a news story.
U.S. economy probably created more jobs in December than any month since May, confirming a self-sustaining recovery is underway.
Yay!
But the unemployment rate is seen edging down only slightly.
Non-farm payrolls increased by an estimated $175,000.
So the truth comes out, and we're back to this.
The nation's unemployment rate dropped to 9.4%.
That's because a lot of people found jobs, but also because some people gave up on their job searches.
The Labor Department says employers added 103,000 jobs in December, an improvement, but far below most analyst expectations.
So it's quite an interesting case study.
They do this all the time, but today it especially rings true because they were expecting 300,000 jobs.
It gets even worse.
The chairman of the Federal Reserve, his name is Ben Bernanke, told Congress today that there's increasing evidence that a self-sustaining economic recovery is taking hold, but he said that the Fed $600 billion Treasury bond buying program is still needed because it will take years.
It will take years for unemployment to drop to more normal levels.
In fact, somebody translate this for me.
Normally, I'm the one that does the translate.
Bernanke said the recovery is on track, but not enough to create jobs.
So there you have it.
Workers of America, the economy, and a recovery are on track, but not enough to create jobs.
We're not creating.
That's the key word.
We're not creating.
The number of jobs created is not increasing the number of people working.
We're not above replacement levels.
Here is Bernanke.
Yeah, let's go to Bernanke first.
Like I originally said, audio soundbite number three on Capitol Hill Senate Budget Committee hearing.
We have two bites.
Here's no, just one.
Here it is.
Most participants expected the unemployment rate to be close to 8% two years from now.
At this rate of improvement, it could take four to five more years for the job market to normalize fully.
Who are these most participants?
He saw that would be Obama, and that would be BiteMe and everybody in the original economic team when the Porculus bill was signed into law because they said because of the porculus bill, we're going to have 8% unemployment in two years.
And BiteMe said 500,000 jobs.
Now Bernanke's out there saying, yeah, yeah, 8%, but it's going to take four or five more years.
Four or five more years, what will have happened by, well, Obama will have left office.
In four or five years from now, that's 2015, 2016, 20, yeah, conservatives will hold the White House and the Congress, and they will have been implementing common sense fiscal policy since 2013.
So it makes sense.
Bernanke basically saying recovery is going to happen.
The unemployment numbers are going to drop, real jobs created once we get rid of Democrats.
And it's not what he said.
We know that's what the future holds as we sit here today.
All right.
We got to take another time out.
We'll take it quick.
Back before you know it.
Don't go away.
Hi, and welcome back, Rush Limbaugh Open Line Friday.
That means we get to your phone calls earlier than usual, and we will.
We'll start in this hour.
Sit tight.
There's another narrative, if you will, that has taken over the drive-by media.
And it is with all of these White House staff changes.
You got Bill Daly coming in to replace, what's his name?
Hill, chief of staff.
Oh, yeah, that's right.
Emmanuel.
Now you've got some new spokesman coming in to replace Gibbs.
Point is, Gene Sperling is coming in the Council of Economic Advisors.
New York Times, everybody's excited.
All these Clinton Easters are coming in.
Obama's wised up.
He's bringing the Clinton Easters back.
These are the guys that know what they're doing.
These are the triangulators.
These are the guys that know how to make everything appear like it's a bunch of centrists while the real libs keep on wrecking the economy behind everybody's back.
And the New York Times has a piece here that trying to assure the fringe kook base everything's fine despite all these crony capitalists showing back up here.
A shift in tactics, not in ideology.
Most of the talk in Democrat circles on Thursday after it became known that Obama had chosen Bill Daly as his chief of staff was of going back to the 90s.
The consensus was that Obama, who once held himself out as the clear alternative to the political expedients of the Clinton years, had in the end chosen the path of Clintonian centrism over a return to more boldly progressive ideals.
If the conventional wisdom was right, though, then it was only half right and it missed the larger significance.
This is the Times trying to make, if it could maintain calm out there, larger significance of Obama's decision.
The president is, in fact, reaching back to the Clinton era, but don't worry, the shift has less to do with ideology than with the theory of presidential power and how to use it.
So it's funny, Daly, in fact, I was watching Howard Dean the other day, and Howard Dean was like, I like Bill Daly.
He's not a liberal.
Not by my measure of things.
He's a very, very, very, I mean, he's a conservative guy compared to most liberals, Bill Daly.
But I like Bill Daly.
I like Bill Daly because he's upfront with you.
I like Bill Daly because he's honest with you.
Well, hey, Howard, I'm upfront and honest with you.
You hate me.
And I'm a conservative.
So what we have here, folks, and this is Republicans, you know, this is the kind of media template that everybody in D.C., if they're not on guard for, can fall for.
The Times is trying to set the stage here for their leftist readers that, yeah, you got a bunch of crony capitalists.
I mean, really, all these people coming in are the revolving door through Wall Street.
These are all guys that have coming in and out of bailed out, Obama bailed out financial institutions, Goldman Sachs via AIG, J.P. Morgan, all these other Wall Street banks that got bailouts.
That's the revolving door that all these Obama administration people are coming in to fill and leaving and going back to the banks.
And the Heritage Foundation today, their morning bell opening bell column, the blog has a great analysis of what this actually is, and that's crony capitalism.
And the purpose of this is to create for everybody else a public impression of moderation.
The socialist Marxist Obama finally realizing that he can't get where he wants to go that way, he has to triangulate.
He has to go to the center.
And remember, I want to take you back to last fall.
I've told you this a couple of times, got a phone call from the ranking Republican.
I have not yet identified the ranking Republican who disagreed with me.
I tried to warn the ranking Republican Obama is going to double down on leftism, liberalism.
He's going to use executive orders.
The ranking Republican disagreed.
No, no, no.
He'll have to, if he wants to get reelected, moderate.
He'll have to move in our direction because of the election results.
He'll have to move to the center.
And lo and behold, on the surface, does it not appear that's what he's doing?
Because nobody's calling Daly a left.
In fact, what's the story about Daly?
The story about Daly is how the left hates him.
Oh, how more perfect could you get?
Sperling?
Bespeckled Gene Sperling, you wouldn't put this guy in a lineup with Saul Olinski or Marx.
He would belong in one, but you wouldn't put him there.
So, and now they're even talking about how the number one aide, Valerie Jarrett, she's skating on thin ice.
She may be gone soon.
All for the purpose of appearance that the regime is moderating.
And this is what I hope the Republicans don't fall for the appearance.
And they might.
Everybody wants this in the media.
Everybody wants this notion of everybody moving to the center.
I mean, they that's like Christmas morning to them.
So here the regime is making it look like that.
Now, the New York Times is who you need to listen to on this.
New York Times, because they know who their readers are.
And they don't want their readers trudging down to the headquarters in a snowstorm and throwing firebombs at the paper.
So good old Matt Bayh here.
Hey, it's a shift in tactics, not in ideology.
This is going to make it easier for Obama to better use his liberal power.
And he may have a point because while everybody else is marveling and excited over Obama's move to the center, and you got these adults by comparison anyway, Daly and Sperling in there, Obama is free to go 150% of Linsky and the rest of his regime, along with the Democrats in Congress, moving in that direction while nobody's looking at it that way.
Nobody sees it that way.
And then if somebody likes me come along and says, oh, these guys, they haven't moderated.
Look at their just, they're still pedaled to the metal.
Libs, far left.
There goes Limbaugh.
Just can't give it up.
You know, he doesn't even care about the truth.
You can't have more moderate, even conservative guys.
Everybody says Bill Daly's a conservative.
Howard Dean said it.
So you see how it's being set up.
Because this is what everybody wants.
But this is one time I would tell you.
New York Times says the truth.
A shift in tactics, not in ideology.
This story even says that Ron Emmanuel, he wasn't a big enough lib.
And Larry Summers, he wasn't a big enough lib.
Now, Summers, yeah, Emmanuel, I don't know who they're trying to kid, but he's also a Clinton East.
So the Clinton Eastas are back.
That's the big story today.
Obama, and remember now, I don't care what's happened since the media, the Democrat adults, the established Clinton years, were their nirvana.
And if Obama had not been African-American, he would have never been elected, it would have been Hillary.
And if that had happened, we'd have still had the love affair with the Clintons going on.
This is the injection of race into the Democrat primary and overall presidential contest did what the insertion of race does into most subjects.
It totally distorts it.
And it forced people to, well, it exposed people in ways that issues without race being inserted do not.
Clinton was, I mean, no way during that campaign was Clinton ever going to get away with being called the first black president.
They're throwing the race card against Bill Clinton, you see.
So anyway, all the Clinton Eastas coming back.
Bill Daly from Chicago, that even better.
Gene Sperling, all these adults.
Yeah, yeah, yeah.
Now we're getting back to where the Democrat Party wins big.
Speaking of race, I'm going to get into this later in the program.
Ronald Bronstein, former Los Angeles Times, now at the National Journal.
That's the hotline crew.
A long story entitled White Flight.
President Obama's path to a second term may rely on states shaped by the same social forces that he embodies.
And what this story does, quite graphically, is illustrate that our man-child president of color not only has failed to bring us together, he has driven us further apart by race.
And more specifically, in the Democrat Party.
It is white Democrats and white independents who have fled Obama and the Democrat Party.
This story details how Obama has lost almost all of his white support.
Not all, but almost.
The re-elect team, we learned in this story, I'm going to give you details as the program unfolds, but Obama's re-election team is looking at the Colorado Senate race.
That's between Mike Bennett, Ken Buck.
That's their new path to victory, which is right through educated white women.
That's the one white group he hasn't lost.
Now, we all know that there's been this major push for years and years and years to get women in college.
And we know that most institutions of higher learning, the enrollment rate's 60% female, 40% male.
And it's continuing in that direction.
Female enrollment's going up.
Male enrollment is dropping.
And while all this has been going on, girls in college have been indoctrinated in the whole concept of the nanny state and big government, which comes to them naturally anyway, in most cases.
So that's where they're looking.
What Obama's going to have to do, a story yesterday about the abortion rate in New York.
I mean, maybe I still kept it here in this day.
It's, yeah, I did.
It's 41% of all pregnancies in New York.
Is it city or state?
I have to, regardless, 41% of all pregnancies are aborted and the vast majority of them are black.
So when you talk about African-American, you talk about replacement levels of population and Obama depending on minority votes, they're going to have to expand.
That's hello, illegal immigration.
They're going to have to expand, according to Ronald Brownstein.
They're going to have to get even more minority votes in 2012 if they're to win reelection.
Because they've lost whites.
The great unifier has lost except for quote-unquote educated white women.
41% is New York City, not the state.
New York City alone.
38.7 is the number?
I thought it was 41.
Oh, in the state, the number is 38.7.
38.7 of all pregnancies in the state of New York are aborted.
41% in the city of New York are aborted.
The vast majority of them are African American.
And that's fewer Democrat votes, which is something we always pointed out.
Most abortions in the country are of future liberals.
And that is one of the reasons why they're looking at illegal immigration, amnesty, as a replacement level for Democrat voters.
I'm not, you may think I'm trying to be funny because I'm a great entertainer, but I'm not.
It's true.
Political analysis.
And we will be back.
I need to revise these abortion numbers.
It's 39% in New York.
The total number of pregnancies aborted 39% in New York, in New York City, 46% in the Bronx.
And the state number is, I still think, around 37%.
I don't care.
It's point here, give or take.
That's an astounding number.
And you know, we're talking about Democrats.
These are future Democrats being killed in a womb out there in New York.
All for the advancement of a political cause, to boot.
When you throw that in, it's kind of sick.
By the way, here's a brief little media montage just to show you the media salibating over the return of the Clintonistas and what it means.
A return to the occupation of the precious center.
Are we seeing the Clintonization of the White House, a tilt back to Clinton veterans?
New cast of Clinton people.
This is Clinton III.
Clinton III.
Recycling of a Clinton person.
He is a Clinton Democrat.
Clintonization.
It's a good word on this day.
Yes, they're so excited.
They're saying, don't fall for it.
Well, look, you won't.
Clinton Obama means the same thing to us.
They're just all leftists, and they all have the same agenda.
This is all for show, just like the New York Times says.
It's just a shift in tactics.
It's all meant for visual consumption, the optics, if you will.
All right, to the phones.
This is John in Albany.
John, welcome to the program.
Nice to have you with us, sir.
Hello.
Wow.
What an honor to talk to you, Rush.
Well, thank you very much.
Appreciate that.
Yeah, thank you.
I just said I was from Duanesburg, New York.
I should have said Schenectady, and Schenectady's in the news because our president's coming to town here.
When?
Tuesday.
On Tuesday.
I just want to say.
Well, you got enough time to leave.
The reason I called was I was thinking, is it possible that these numbers are correct and that the Republican Congress is to get the credit for the revised figures in unemployment?
Well, the numbers are not good is the point.
Rush?
Yeah.
You hear me?
He can't.
We got a problem here when people are on cell phones.
They can't hear me half the time, and I can't hear them any.
No, they can never hear me, is what it is.
He was going to ask me further if, no, he wasn't.
This is somebody totally different.
That guy must have dropped off.
He was having the analysts overshoot because the...
No, no.
No, no, no, no.
I don't think the analysts overshot because of the Republican victory.
In terms of number of jobs they were expecting to be created.
I think that more than anything, that was the ADP report.
292,000 jobs.
And I think it was a continuation of data.
I think, look at folks.
As long as we're going to be talking about these experts, every week, I don't care what the unemployment number is.
The experts are surprised, right?
So why should we pay attention to them at all?
All they are is a funny media contrivance.
I don't care what the numbers are.
Like this report, the experts are surprised.
The number here is unexpected.
They're expecting three times this number of jobs.
So he wanted to know, well, why were they expecting three times as many?
Could it be because the Republicans won the election?
No, the experts are not going to predict that kind of a swift uptake before those Republicans even take office.
We're talking about December numbers here.
So I think to the extent that they were, what does it matter why?
They're never right.
They're always shocked.
So what difference does it make why they think what they think?
They're just a media contrivance.
John and Columbus, nice to have you on the program, sir.
Hello.
Hey, Rush.
My wife owns a small business.
So what you're talking about makes a lot of sense to me.
And the point I'm trying to make is that, you know, it doesn't matter what the numbers are.
It's confidence in In the economy.
I think that's what's hurting us.
We've been trying to get a loan, and we even worked with somebody from the Small Business Administration.
And we've been turned down by banks because they're telling us in private it's just confidence.
They have no confidence in what's going to happen in the market.
Well, that's probably true.
I don't doubt that.
But they also don't have to loan you any money to make money.
They are getting back, they're getting replacement funds from the Fed at zero interest rates.
There's zero, it's practically zero.
Money costs nothing.
They take whatever they get from the Fed or from the borrowing window.
They just invest it, and whatever it grows, they don't need to loan it to you to make money.
So that's another factor happening here, too, and that's Fed policy.
All right.
To avoid all confusion, the number is 41%.
It's from CatholicVote.org.
It is from ABCNews.com.
It is from the Wall Street Journal.
41% of New York City pregnancies end in abortion.
41.3% are Hispanic.
The HuffPo has it, 38% in New York.
Regardless, it's pretty high.
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