All Episodes
Previous Next
Jan. 7, 2011 - Rush Limbaugh Program
36:54
January 7, 2011, Friday, Hour #1
| Copy link to current segment

Time Text
Welcome to today's edition of the Rush 24-7 podcast.
I swear every time I see Nancy Pelosi, she looks 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 them all.
Here at the one and only Excellence in Broadcasting Network, Rush Limboy and the Limbo 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 this why 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, I don't, 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 um think you know how to do this uh better than anybody else who does it, or there are things that need to be said that aren't being said.
You have questions or comments.
Really a uh uh wonderful opportunity here, afforded by me, your host.
We call it open line Friday.
Telephone number is 800-282-2882, and the email address, L Rushbow at EIBNet.com.
Ask ask yourself this.
Would a Democrat ever let you talk about something they don't want to talk about?
I uh I doubt it.
All right, the big the big news.
It's just amazing that the 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 he had a an appearance at Thompson Creek Manufacturing Company in Landover, Maryland, to talk about the monthly employment report that came out today.
And let's let's go through the state-controlled media and the way they report this, even though it's predictable.
First up from uh the Associated Press.
And now it sounds to me if you read the AP today, and I don't know how much uh uh 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.
All right, all right, our coming back.
Then you go to the Fed chairman, it ain't that good.
We can't in and uh other 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 go move on to uh 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 a 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 100 3,000 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, 26.
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.
And I'll tell 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, uh, it's uh not not as much as they expected, or uh way above their expectations.
The fact of the matter is, yeah, 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 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.
The versus uh 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.
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, uh, and it's been typically weaker than the main report that that actually showed a jump of 297,000.
That's so that's what they were expecting in the 297 to 3,000 range, it got 103.
Over the past three months, the economy's 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 all of it, it's it's as though folks that they uh 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, uh Joe Biden, Vice President Bightney, 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.
Uh let us uh new and and by the way, um the the uh bottom line is that people still are not hiring, even though it's 103,000 jobs.
People there there's not it's like the birth rate.
You know, we're we're we're producing enough uh new human beings to maintain our population rate, but we 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.
That the and by the way, the only thing 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 universe 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 uh that never gets reported, but AP's alluding to it here, not insignificant.
Here is uh see.
This wait a second now.
Why 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 on uh.
Why got a let's take a brief obscene profit timeout 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. Rugaber.
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 it 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 uh private employers created.
And uh the 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 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 910 this morning.
And uh 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 a hundred and forty-five thousand 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 beer.
Oh, this is all starting to come together now.
They finally gonna tell a 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 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 um they were they were having the orgasm here before anything it takes for an orgasm.
If you uh 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, um uh Reuters, again, before the news came out, payrolls scene hitting seven month high.
U.S. economy probably create probably probably 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 I don't it's uh quite an interesting case study.
They do this all the time, but today it it especially rings true because the they were expecting 300,000 jobs.
It gets even worse.
The uh the chairman of Federal Reserve, his name is uh 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 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.
Though there you have it.
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 sumbite number three on Capitol Hill Senate budget committee hearing.
We have two bites.
Here's uh no, just one.
Here's the here it is.
Most participants expected the unemployment rate to be close to eight percent 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'd be Obama, And that would be bite me and everybody in the original economic team when the porcupist bill was signed into law because they said because of the porculus bill, we're going to have eight percent unemployment in two years.
And bite me said 500,000 jobs.
Now Bernanke's out there saying, yeah, yeah, 8%, but it's gonna take four or five more years.
Four or five more years.
What'll have happened by well, Obama will have left office.
In four or five years from now, that's what twenty uh fifteen, twenty sixteen, twenty, yeah.
Conservatives will hold the White House and the Congress, and they will have been implementing common sense fiscal policies since 2013.
So it makes sense.
Bernanke basically saying recovery is going to happen, the unemployment numbers are gonna 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.
Uh we'll start in this hour.
Sit tight.
There's another uh narrative, if you will, that has taken over the drive-by media.
And it is with all of these uh White House staff changes.
You got Bill Daly coming in to replace uh what's his name?
Um uh Hell, Chief of Staff.
Oh, that's right, Emmanuel.
And you got you've got uh you got some new spokesman coming in to replace Gibbs' point is uh a Gene Sperling uh is coming in the Council of Economic Advisors, New York Times, they're everybody's excited, all these Clinton Easters are coming in.
Obama's wised up, he's bringing the Clinton Clinton Easters back.
These are the guys that know what they're doing.
These are the triangulators, these are the guys that uh that 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 became known that Obama had chosen Bill Daly as the 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 expedient 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 maintain calm out there, uh larger significance of Obama's decision.
The president is in fact reaching back to the Clinton era, but but 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, and Howard Dean was I like Bill Daly.
He's not a liberal.
Not by my uh measure things.
He's uh very, very, very compared to most liberals.
Bill Daly, but I like Bill Daly.
I like Bill Daly because he's up front with you.
I like Bill Daly because he's honest with you.
Well, hey, Howard, I'm up front and honest with you.
You hate me.
And I'm a conservative.
So once what we have here, folks, and this are Republicans, you know, this is the kind of media template that everybody in DC, if they're not on guard for, can fall for.
Uh there the Times is trying to set the stage here that uh for the for their leftist readers that, yeah, you got a bunch of crony capitalists.
I mean, really, all these people coming in are through 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, uh uh JP 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 um uh Heritage Foundation today, their morning bell opening bell column, their blog has a 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 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 re-elected 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?
Bispeckled 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.
Uh 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.
Uh, 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 Bye here.
Hey, it's a shift in tactics, not in ideology, does it?
This is just this is gonna 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, daily and spurling 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 if somebody likes me come along and says, Oh, these guys, they haven't moderated, look at their just they're still pedal 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.
A shift in tactics, not in ideology.
This story even says that Rom Emanuel, 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 Clintonista.
So the Clintonistas are back.
That's the big story today.
Obama, uh, and remember now, I don't care what's happened since the media, the Democrat uh adults established the Clinton years were their nirvana.
And if Obama had not been African American, he would 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 totally distorts it.
And it it it forced people to well, it exposed people uh 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, Otto Clinton East is 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 Brownstein, 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 at most institutions of higher learning, the enrollment rate's 60% female, 40% male.
And it's continuing in that direction.
And while all this has been going on, uh 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 that's where they're looking.
what Obama's going to have to do.
I had a story yesterday about the abortion rate in New York.
I mean, maybe I still kept it here in this day.
Yeah, I did.
It's 41% of all pregnancies in New York is a 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, we talk about replacement levels of population, uh, and Obama depending on minority votes.
They're gonna have to expand.
That's hello, illegal immigration.
They're gonna have to expand, according to Ronald Brownstein.
They're gonna have to get even more minority votes in 2012 if they're gonna win re-election.
Because they've lost whites.
The great unifier has lost except four.
Uh quote unquote educated white women.
At 41% is New York City, not the state.
New York City alone.
Four.
38.7 is the number.
I thought it was 40.
Oh, in the state, the number's 38.7.
38.7 of all pregnancies in the state of New York are aborted.
Forty-one percent in the city of New York are aborted.
The vast majority of them are African American.
And that's that's fewer Democrat votes.
Uh 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 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 uh abortion numbers.
It's 39% of New York.
The total number of pregnancies aborted at 39% of New York, 40 in New York City, 46% in the Bronx.
Uh, and and the state number is I still think around uh around 37%.
Now, I don't care.
Uh It's point here, give or take, uh that that's an astounding number.
And you know we're talking about Democrats.
These are 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 salivating over the return of the Clinton Eastas 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 three.
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 just like the New York Times says, it's just a shift in tactics.
It's all meant for visual consumption, uh, the optics, uh, 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, sir.
I was from Dwayne'sburg, New York.
I should have said schenectity, and schenectity's in the news because our president's coming to town here.
When?
Tuesday, so uh Tuesday.
I just want to.
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 had to tell 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.
Um he was going to ask me further if if uh if if no he wasn't.
This is somebody totally different.
That must guy must have dropped off.
Um he's had the analysts overshoot because the No.
Uh no, no, no, no.
I don't think the analysts overshot because of the Republican victory.
I in terms of numbered jobs they're expecting to be created.
I I think that more than anything, that was the ADP report.
292,000 jobs.
And I think it was it that it was a continuation of of uh of data.
I think look at folks.
As long as we're gonna be talking with 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 uh uh media contrivance.
I don't care what the numbers are.
Like this report, the experts are surprised.
Uh number here is unexpected.
They were 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 gonna uh predict that kind of a swift uptake uh before those Republicans even take office.
Uh we're talking about December numbers here.
So I think I think to the extent that they were what 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.
Uh John and Columbus, nice to have you on the program, sir.
Hello.
Hey, Rush.
Uh my wife owns a small business, so uh what you're talking about makes a lot of sense to me.
And and the point I'm trying to make is that you know, it doesn't matter what the numbers are, it's confidence in the in the in the um in the economy.
I think that's what's hurting us.
Uh 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 uh 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 I don't I don't doubt that, but they also don't have to loan you any money to make money.
They are getting bank they're they're they're re they're getting replacement funds from the Fred at zero 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 the 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 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 uh in New York.
Regardless, it's pretty high.
▲
Export Selection