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April 19, 2011 - Rush Limbaugh Program
37:54
April 19, 2011, Tuesday, Hour #2
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Time Text
I know I'm here.
I was just sending a reply email as somebody had a question for me.
We're talking about Obama's uh town hall meeting today before the young skulls full of mush at uh Northern Virginia Community College in Annandale, Virginia.
And one of the things that Obama said to these students early on, talking about the budget, the deficit, he actually said we can't spend more than we take in.
We just can't do it.
Uh you can't do it at home.
And we, as the federal government, we can't spend more than we take.
Now, if you're a rational person who has been paying attention for three years, you hear the president say that, and you are incredulous.
Well, it would be like Colonel Sanders saying we have got to stop killing chickens.
His whole agenda is predicated on spending this country into unrecoverable debt.
So Obama stopping spending is the same as Colonel Sanders stop slaughtering chickens.
Ain't gonna happen.
And we'd be just as incredulous if Obama's, you know what?
I was talking to Colonel Sanders, he agrees.
We gotta stop killing chickens if our restaurants are to survive.
Now, okay, what's purpose here?
What's the purpose?
Some might say, man, this guy's out of touch.
How do you go up there and say that?
There's an answer to this.
Look at it, my friends, through the prism, that he's running for re-election.
What he's doing, he's not really speaking to those students.
He's giving speeches for national media, the sycophants that are the drive-bys.
You want some names?
I mean, you know the names.
The hostettes and the anchors-anchorets of the nightly news, the hostets and anchors of the morning news shows, the uh reporters, the White House Press Corpse.
That's to whom he's speaking.
And so when he says, we can't, we can't spend more than we take in.
That's a soundbite.
He's giving the national media a soundbite that they will then use uncritically up against what Paul Ryan is saying.
Now, Ryan, the Republicans are out there making these allegations.
Obama is feckless with his spending.
He's irresponsible.
Well, in light of that, President Obama today, speaking of students at Bobo said, uh, we can't keep, we can't, we can't spend more than we take in.
So they'll use that soundbite he gave them today to compete with or to deal with any Republican saying he's a profligate spender.
That's what he's doing here, and any number of these, like the cliches in here, the rich aren't taking their fair share, we've got to raise taxes on the rich, all this stuff these guys want to hear anyway, so we're gonna have these sound bites aired.
This is a speech that is actually created for news cast sound bites.
That's what this is.
I mean, it's it literally uh we can't spend more than we take in.
What his latest budget, his own budget spends 1.6 trillion that we don't have.
His last year was between four or five hundred billion.
This guy's three times that.
The annual deficit.
So you hear it then, you just you're you're incredulous.
That doesn't make any sense whatsoever.
Let's go to audio sum by 26.
And by the way, we got some more from this speech.
Let me see if I put them in.
What did I do with them?
They just I got number 26, and I'll try to find the ones I just have here.
This is again look at this, listen to this through the prism of the re-election campaign.
This is probably my most important message today.
I'm gonna need your help.
I can't afford to have all of you as bystanders in this debate.
I want everybody to be in the game.
I want you to hold me accountable.
I want you to hold all of Washington accountable.
They're powerful lobbies and special interests in Washington.
Right.
And they're gonna want to reduce the deficit on your backs.
And if you are not heard, that's exactly what's gonna happen.
That's that's that's uh that's as disconnected, as as out of touch as saying you can't spend more than you take in.
Right.
This probably this probably my most important message.
I'm going to need your help.
I can't afford to have you as bystanders.
I need everybody in the game.
I want you to hold me accountable.
I want you to hold all of Washington.
The powerful lobbyists are going to try to reduce the deficit on your back.
Uh let me tell you students, not only your back, but your kids and your kids' backs.
That's how in debt we are.
It's already on your back.
This is what, you know, you students better wake up and understand.
And I I hopefully they do.
I I don't, you can't tell.
No, you can't tell.
You can't by looking at them know how much of this is going over their heads or how many of them are clued in.
But I think, look at this AP polster.
The young people for a while have known there's not going to be any social security when they get there.
Or have thought so.
Now they think that their opportunities to have a better financial life than their parents that are dwindling.
I think they know.
I think some of them do.
Some of he's going to be able to get to some of them here, but the debt is already on your back.
Reducing the debt, it's already there.
And furthermore, it's on your children, our grandchildren, your children, and then your grandchildren's debt.
It's already there.
Now, what Obama's going to say to you here is that he's going to try to convince you you still have a free ride.
As long as you stick with him.
As long as you stick with him, nothing will be on your back.
He's going to make sure it's on the backs of these people of 250,000 or more.
All right, grab soundbite 27.
It just kept on like this.
That's why the original assessment here, it's rambling, it's incoherent, it is unserious.
It is.
It is all of that, but if you look at it as a campaign speech filled with sound bites for the national media to run from now until election day, you know, just collect a stockpile or an archive of them.
Then you will see this in a different way.
Here he is talking about gasoline prices.
If you're driving out of necessity 50 miles a day to work, and you can't afford to buy some fancy new hybrid car, so you're stuck with the old beater that is getting you eight miles a gallon.
That's pretty frustrating.
Now, I wish I could tell you that there was some easy, simple solution to this.
Now, one solution is making sure that we're increasing production of U.S. oil.
And we have actually continually increased U.S. production, so U.S. production is as high as it's ever been.
The problem is we only have about two to three percent of the world's oil reserves.
And we use 25% of the world's oil.
So when you say we should be using traditional sources, the problem is we've got finite sources when it comes to oil.
And that means we've got to find some replacements.
Uh folks, I don't know where to start here.
That's not true.
We've got far more oil than we are accessing, and we are not producing more than we ever have.
He's got a moratorium in place.
He's got a moratorium on drilling in place.
Uh there is there are market-based solutions.
It's always it's called supply and demand.
And more oil wherever you have to get it.
It's but anyway, this is it doesn't fit his agenda.
Let's be clear about something else.
These uh powerful lobbyists, many of whom work for him.
Many of him, many of whom work in the White House.
Most powerful lobbyists who he derides here, most of them want bigger government.
They want government to help them.
They want government To give to them.
There's a difference between a lobbyist who's trying to protect his individual liberty and another who's trying to steal from somebody else.
The lobbyists working for Obama believe in big government going out and screwing as many other people as they can to give money to redistribute.
Now, where do you think most of Obama's buddies fall?
What kind of lobbyists support Obama?
The big government lobbyist, the one who want to steal and take and grow government.
And he loves those lobbyists.
He has a lot of them in the i in the White House working for him.
What do they do?
They try to get tax breaks.
They do any number of things.
And I got to take a quick time out here.
We'll do that.
We'll get back.
I said we're going to get some phone calls in the first hour, but best laid plans.
But we'll do it when we come back.
Welcome back.
Rush Lindball cutting edge, societal evolution.
Telephone numbers 800-282-2882 and the email address, L Rushboard EIB net.com.
Eddie in the Bronx.
Great to have you on the program, sir.
Hello.
Hi, Rush.
I've been listening to you since uh oh, for since you started, and uh I'm a little nervous, but uh, you know, when you just said what you said about what he said yesterday, I I just I'm in my car waiting for my kid to get out of school, and I just screamed out the word liar.
I mean, I just it's so much of a I know.
It's the same thing with Clinton.
Everything that it's the same thing with every liberal or Democrat on things like they just lie.
I it's i i it's unbelievable.
And something I wanted to call you about uh uh well, a couple of years ago was the way the man was elected by these um overseas credit card contributions to his uh uh election campaign that allowed him to amass a half a billion dollars.
Yeah, these are the the donations under 250 bucks that don't have to be tied to any individual, so you really didn't know where they were coming from.
Right.
I mean, and you know, God only knows, you know.
I mean, if you're talking all the C's, I mean, you know, uh we could be talking about enemies of our uh republic.
Well, it was a massive effort, there's no question to uh elect a guy.
And by the way, he's thrown out now that his re-election campaign is gonna be a billion dollars.
That's how much he's gonna raise.
I think one of the reasons for doing that is to scare off any Democrats.
I really do.
Because it's not going to scare any Republican opposition off.
I mean, whatever he's gonna spend, some Republicans are gonna run and win the nomination and run the campaign.
I think I think that billion dollars is to scare the Clintons off.
I think I think in the bowels of the White House, they look and they see that this country is in really bad shape, and that if somebody were bright enough politically, it wouldn't be hard to nail it all on Obama.
And I think they're a little bit worried about an inter-party challenge.
So you you go out and they say, okay, we're gonna have a billion dollar campaign, and that that's designed to intimidate any potential Democrat challenger not to even mess with it.
Don't even try.
We're gonna get a billion dollars.
Don't even I I think that's the purpose of putting out the cost of the campaign.
Now you talk about what is how does it?
Uh it doesn't uh Snurley wants to know how does it look to people.
If money in politics bothered people, there would have been manifestations of it, but the people who spend the most are the ones that win for the most part.
That's not that's one of these things comes up every year.
People decry, they moan and whine about the amount of money in politics, and then they don't.
Isn't that big a deal?
The oil business, though.
I mean, here is Obama basic, and I just got a story.
Get this.
This is from um, what is this?
From MSN Money, Microsoft Network.
Why you should love five dollar a gallon gasoline?
And this is this is uh sort of like the stories we got in the mid-90s on why lies are good for society.
Why you should love five dollar gasoline.
Now, this is it's just a blogger.
I don't even know who the blog never heard of this person's name, but the point is it's out there and it's it's it's being circulated through a wide network.
As you pump 13 gallons into your Honda CRV, America's best-selling SUV, a thrifty 28 on the Highway 21 in town, it's near impossible to view the $50 you're spending with a positive attitude.
With the national average price at $3.84, it's easy to label oil executives as pond scum.
Try to remain open, mind you.
Think of the big picture.
While that promised road trip to Disney World just went up in carbon monoxide, five dollar gasoline may actually have an upside if it arrives this summer, as some experts predict.
Not for you and your family personally, maybe, but perhaps for the country.
Here are some possible benefits.
Fewer people will die on the road.
Demand for high mileage cars may grow.
Shorter security lines.
Fewer people will be traveling.
Less pollution.
Less congestion.
Higher prices lead to lower prices.
More exercise.
End of wars.
Local businesses may profit.
It's all about democracy.
So now, rather than story after story after story about how you are about to be impoverished by $5 a gallon gasoline as we got during the Bush years, now we're getting, just like in the early days of the ramp up in unemployment, how great that was for you.
Oh yeah.
Uh get to know your family again.
Get to spend quality time with your friends.
And then have testimonial stories about how great unemployment has been for you.
Now sit back, lie back, and enjoy $5 a gallon gasoline.
Again, it's from a nobody and a nowhere blog, but it's out there.
It'll get circulated.
The right kind of people will read it.
In the meantime.
Here's Obama talking about oil in this country and how we use too much of it.
It's a problem.
We got to wean ourselves off of it.
We gotta go green.
And yet, the U.S. Export Import Bank, an independent agency of the federal government, is now planning a $2.8 million, a billion, sorry, $2.8 billion loan for a massive project to expand and upgrade an oil refinery in Colombia.
So we are not we are we are bankrolling, we are financing with loans the Brazilian oil industry, and now in Cartagena, Columb, Colombia.
Nearly three billion dollars.
The money would go to Refecar, a wholly owned subsidiary of the Colombian National Oil Company, which is called Eco Petrol.
This is part of five point one eight billion dollar refinery and upgrade project in Colombia, supplying oil products to the domestic and export markets, said the export import bank in a statement.
So here's Obama using our money to subsidize other countries to look for and produce and refine oil.
So why are there two standards?
One that helps other nations find oil, and then one that stops his own country from doing it.
Why do we never upgrade our refineries?
Why do we upgrade our we don't build any new refineries, but we're loaning money, and who knows if it'll ever be repaid.
We're lending money or we are investing.
Regardless, in other companies.
Production, refining, sale, distribution, export of mark of oil.
Not us.
No, we gotta go green.
We gotta we gotta dial it back to the dinosaur age.
In Fargo, North Dakota, Jason, hi, great to have you on the EIB network, sir.
Hello.
Right on.
Hey, thank you for letting me rant.
Uh, I too demand tribute.
Just like Mr. Trump, I demand tribute.
You know, I want to pour I want at the moment, a tanker filled every single day until about three trillion dollars is paid off from the from Iraq.
And from that point on, I'm gonna turn to the rest of the Middle East and say, look, you call us the Great Satan, huh?
So you want me to you're calling me the great Satan.
Well, we fly over Mecca.
We drop some leaflets.
We say, guess what?
If we were the great Satan, there'd be none of you left.
This could have been a nuke.
So again, I want tribute right now.
Donald Trump is exactly right.
You're talking about we were talking about Trump's view on Iraqi oil is ours.
We should just take it because we're the ones that went in there and liberated the country.
It's ours.
To the victor goes the spoils is what he said.
That's so you agree.
Amen, amen and amen.
But it's not a good thing.
That's not what we do.
We haven't done that since World War One and even limited on the world basis of uh in in uh after World War I. World War II.
We didn't we don't conquer anybody.
We liberate them and then give them money to rebuild themselves.
Couldn't care less.
I want this one back.
This is this is beyond ridiculous.
They're not friends.
They haven't treated us cool.
I don't see anything.
But death to America, guess what?
You hit them so hard that they look to each other and they say, Can we change it from debt to America to death to Luxembourg?
You know, it's just tiring.
Take it.
Or better yet, we put a tanker at Oman, fill it up every day until we say enough.
And here in North Dakota, by the way, Mr. President, we have a Saudi Arabia out in the back, and Scott, we rock the clock, and every day this place is amazing.
Unless I'll leave you with a funny.
I'll leave you with a funny, I'll change notes here.
Buddy of mine bought a Harley Davidson, heard a great joke.
I too am gonna have a Harley Davidson when my four kids get out of the house.
What is the only difference between a Harley Davidson and a vacuum cleaner?
Uh the only difference is the Harley Davidson and the vacuum cleaner.
I don't know, Hillary doesn't own a vacuum cleaner.
Ah, actually, location of the dirt bag.
I'm gonna be a I'm gonna be a dirt bag to get one.
But yeah, Trump's right.
I want tribute, changer a day until I say enough.
We gotta go.
I'm out of time.
Busy broadcast segment comes to a screeching halt.
I appreciate the call, Jason.
Back with more after this.
Starting a million conversations, Rush Limbaugh behind the golden EIB microphone.
One more sound bite from Obama.
This um I basically I guess this is this is Obama telling the students at Annondale, Virginia's North Northern Virginia Community College, that he wants to live in a country that's fair.
I believe that people who have been really blessed in the society like me, and have you know uh a very, very, very good income, can afford to pay a little bit more.
Nothing crazy.
Just go back to the rates that existed when Bill Clinton was present.
Why wouldn't I want to make that sacrifice?
Look, and I think most wealthy Americans feel the same way.
I want to live in a society that's fair.
Not just out of charitable reasons, but because it improves my life.
I looked at my tax reform and I thought, hmm.
You know what?
There was a moment there where you look at the figure you're paying, and you say, Wow, you know, I don't let me think about my position on taxing the wealthy here.
I understand that.
No, nobody nobody volunteers and says, Boy, I'm just wild to pay more taxes.
I certainly don't think my taxes should be even lower.
Well, now wait a minute, Mr. President.
If you're talking about fairness and you want to live in a fair country, why don't you go ahead and pay the Clinton rates?
Why did you take an effective rate of 27%?
Why did you take all of your deductions?
Why did you invest in unfairness?
Why did you act unfair on your own?
People can afford to pay a little more.
Nothing crazy.
Go back to Clinton rates.
Why wouldn't I want to make that sacrifice?
Maybe because we know it isn't going to matter.
Maybe we know, Mr. President, your real target is wealth and achievements.
Maybe, Mr. President, we know that this is just step one in wiping out this certain class of people in America.
Hey, most wealthy Americans feel the same way.
I want to live aside that fair.
Most mature adults have a mature definition and understanding of fairness.
And at the top of the list, it is that government cannot, will not, and will fail at attempting to enforce it.
It's a flawed premise anyway.
Who gets to determine it?
Who's the arbiter of what's fair?
But why didn't you just pay the thirty-five percent if you're so embarrassed?
Where's the leadership here?
So he's wringing his hands.
We just live in an unfair country.
And the rich want to pay more, you know, that's it.
There's nothing stopping them.
They want a fair society and it'll be paying more and make them feel better.
Again, sound bites, all this speech is sound bites to be used during the campaign uncritically by the media in days to come.
Many days down the road to come.
Adam in uh in Anderson, Indiana, as we go back to the phones.
Hello, sir.
I'm glad you called.
Hey, Rush.
Uh, fellow conservative and rush baby dittoes from Indiana.
Thank you, sir.
I I I couldn't disagree with your last caller anymore.
I mean, I I mean when I look at Trump, I look at this guy.
I mean, if this guy gets elected, I mean, what are we, the Roman Empire?
I mean, we don't, I mean, sure, we conquered in our history, you know, in 18, you know, 1700s or whatnot, but that's that's gone.
We're we're a more noble nation now.
And I mean, when I look at his policies, I mean, he was a 25% tariff on Chinese imports?
I mean, what is this?
Herbert Hoover again?
I mean, we already have inflation.
That that will just pile on the Now we all know what Trump is doing here.
Trump's engaging in some good old-fashioned populism.
When Trump says that we went in there, we saved that country, we spent a trillion and a half dollars, that oil should be ours.
You he knows that there are going to be a lot of Americans who think that defines fairness.
Whether it has to do with conquering or not, he thinks that's fair.
Um also, he's he has heard people berate the ChICOMs.
He knows that uh people think that we've lost the manufacturing base.
He knows that people think everything's made in China, that Chinese are uh are making out like bandits, and our stuff costs uh too much uh because of everything else, and and so let's go let's go get it even with them.
He knows that there are a lot of people who will who will support anybody who's who sounds like their main purpose is to get a fair deal for America.
So this is this is this is a he's a it's a foray into populism.
This certainly isn't conservatism.
Oh no, it's not.
I mean, that's that's far opposite of the free market, I mean, as far as I'm concerned.
And I mean, uh one other point I wanted to say um this debt ceiling.
I mean, the Republicans well, I heard Geithner on this weekend.
I mean, that just reminded me of Hank Paulson in 2009.
That was so similar.
I mean, how he, you know, said all the world's gonna collapse if we don't bail out all these banks.
But here's the thing.
We don't have to there's a third option.
We do not have to default.
We just we what has happened?
We just can't sell any more treasury bonds.
If we've reached the debt ceiling.
They call it debt feel ceiling for a reason.
But we still have revenue.
We just had tax debate.
Let's use that money to pay the interest.
Right?
Pay our current bondholders.
There get rid of discretion discretionary spending, and let's just, you know, there is a real bound budget.
That's right.
There is that option.
Just leave it that sitting where it is.
Start living with our means.
That's what is what Obama said.
We've got to stop spending more than we take in.
Just leave the debt sitting where it is and don't raise it.
Yeah, that's an option.
It certainly is as viable an option as it's it's far more reasonable, in fact, than the sales pitch we're getting, and that is if we don't raise it, the financial system of the world collapses.
If we don't raise it, the country's over.
How many times are they gonna let them are we gonna let them go back to that well?
They have been using that line and that threat since the fall of 2008.
We needed TARP.
We needed the stimulus.
We needed everything.
It was it was a crisis of immediate proportion, and if we didn't deal with it in 24 hours, we couldn't guarantee the solvency of our economy, much less the world's.
They're back to it again here.
On the Well, the the baselines might push it over, but if if at some point you're gonna have to stop it.
At some point you're gonna if if we're just gonna automatically we raise the debt ceiling uh a trillion and a half dollars two years ago, and we're already going to exceed it a year and a half ago.
There's no reason that says we just leave a debt ceiling where it is.
How much money is unspent from TARP?
How much money is uns.
I've got a story here.
Do you know?
Let me find it here.
It's the BP, 20 billion dollars, the BP fund to handle all these people that got uh soaked because of the uh oil spill.
None of the money's been spent.
None of the money's been spent.
That's if I can find it here.
I had it up.
20 billion dollar fund barely tapped.
CNN story.
The fund established to compensate Gulf Coast residents in the aftermath of last year's massive oil spill said Monday it's paid out $3.8 billion so far.
The Gulf Coast Claims Facility established last August with 20 billion dollars in seed money from BP said that uh most of the money is unspent.
Now, this was a shakedown.
There was it was no question it was an Obama shakedown of BP.
BP happily paid the shakedown money as sort of a get out of jail free card to stop all the incessant nagging and negative PR and so forth.
But obviously it didn't need to be 20 billion dollars large, if only 3.8 billion of it has been used.
So maybe, folks, the disaster wasn't that bad.
So what are the likelihood we just ended up BP ends up giving Obama another slush fund?
Another crisis not going to waste.
So here's $16 billion in one program not used.
There's TARP money that hasn't been spent.
In arriving at the budget deal that netted cuts of $352 million.
They went and got money from previous budgets that had not been spent.
There's all kinds of allocation.
There are all kinds of uh uh authorizations, but the money hasn't been spent.
So uh you could pay the interest with about 10% on the debt.
You could pay 10% of the revenues, pay the interest with 10% of the revenues, and let the other spending go to hell.
Certainly, at what point are we going to put into action our theory that the spending has to stop?
With the new Yeah, but if there's no limitation on it, we're at 14 trillion now, 14.3 trillion.
So we got a new budget.
It's a one-year document that has a 10-year outlook.
But at some point, we're gonna have to get serious here and realize that lifting the debt limit is an imitation to spending that amount of money.
They're thrown around this word default, and we're not going to default.
Let me take that back.
There's something else I want to say before that.
Even if, in the practically impossible uh event that we would default, that would take six to eight months.
It's not something that's gonna happen Monday or the day after the debt ceiling is not raised.
There is revenue still pouring in at the rate of two trillion dollars a year.
We can't go into default.
There's the tax the United States is still collecting two trillion dollars a year.
This going into default is impossible.
It's a scare tactic.
Now, the White House is scared to death over what Stanard and Poor's did because that puts a crimp in the in the PR, the spinning that they want to accompany all of their new spending.
Now, look at Obama as an illustration.
Obama keeps talking about wanting to go back to the Clinton tax rates.
You follow me on this now.
Obama keeps talking about what going to go go back to the highest Clinton tax rates.
Okay, let's go back to the Clinton spending levels then.
Let's go back to the Clinton deficits back then.
How about we go back to the health care of Clinton?
How about we go back to the number of federal employees we had during Clinton?
Was this country in trouble in the 90s?
Everybody tells me that the 90s were a huge boom.
All the Democrats tell me it never was bigger fat city in this country than those eight years of Clinton.
Well, let's go right back to them.
Not only his tax rates, but his level of spending, his annual deficits, the national debt, whatever the health care spending was, there was no name.
Let's go back.
How about the number of federal employees?
How about the number of uh of departments in the federal government, the so-called uh bureaucracies?
Number of regulations, keeps talking about wanting to go back.
He also claims he wants to go forward.
Let's go back to Clinton.
Let's just not stop at tax rates, though.
You remember this, folks.
How many Democrats and how many spokesmen did they send out on the cable shows?
I'm thinking guys like Bob Schrum and Robert B. Rice, shh, suh, all these clowns.
They could kept telling us how wonderful the 90s were.
Well, let's go back to that spending level.
Let's just, I'll tell you what.
Let's add, let's go back to what spending was.
Let's take the average 96.
That's halfway.
We'll go back to whatever we were spending in 96.
Take the same health care policy in 96, same number of bureaucracies, and then account for inflation only to get us to 2011.
Let's live on that.
The idea that we cannot get by without raising the debt ceiling is another one of these scare tactics that's designed to get everybody who knows better to capitulate to crisis.
Just like it was with TARP.
There's money coming in to service the debt.
There may not be much money coming in to service all the new programs the BAMster wants, fine and dandy.
We don't pay for them.
At some point we've got to get serious.
You and I, I mean, if we're talking about, if our party, if our budget makers uh keeps talking about reducing the deficit, stopping the spending, at some point we got to kick the can down the road every time you raise the budget uh the deficit uh ceiling, debt limit, whatever it is.
I'm a little long here, brief timeout.
Don't go away, we'll be right back.
Just listen.
Just listen to Obama.
We cannot spend what we don't take in.
We are going to have cuts without making cuts.
According to what my point is, this guy is so beatable.
This is what animates me, frustrates me a little bit, uh, only because I don't have anybody on our side willing to say it yet.
We're still running around cowering in all kinds of fear.
I know, I know being on the radio and acquiring an audience is not the same thing as running for office and getting votes.
But still, we do not have to act afraid of this guy.
Look at.
According to Obama, that this from this this sorry excuse for a speech today.
That that speech that he gave on the budget in front of Paul Rannigan, that's that's as dissectible as as this thing today is.
Now, see, he said today if you strip it all down to its basics, Obama said he's not responsible for the deficit.
That's what he says here.
On one hand, oh, I am not responsible for the deficit.
I inherited all the major problems.
But he wants credit for all the new money going into old and new programs.
He wants the credit for the expansion of Obamacare.
He wants the credit for the building of a new entitlement.
He's not responsible for the deficit, but he wants credit for all the new spending.
And he rejects any cuts in any of these programs.
Yet he's not responsible for the deficit.
Folks.
It really is so easy to pick this guy apart, to take his speeches, to break them down into a collection of lies and contradictions that they are.
It's Just better not screw this up in the months ahead, the Republicans.
I mean, this he is delivering himself to us on a silver platter.
I guess that's my ultimate take on this.
I've watched this speech.
I just show you how we go with the flow here.
I had I have gotten to two stories.
I worked four or five hours last night, another six or seven hours this morning prepping the show, and I've gotten to two stories that I prepped because this stupid speech he gave is rife with opportunity.
stupid speech is a glorious golden opportunity of exactly the kind of chance we've got.
If they don't screw it up.
Good God.
We can't spend more than we take in?
Really?
It is identical to Colonel Sanders going on a tour saying we gotta stop killing chickens in order to keep our Kentucky Fried Chicken restaurants profitable.
The shareholders would put him in a home.
And we'll be back.
By the way, one other note on the $20 billion they demanded that British Petroleum set up, or BP set up, to handle claims for damage in the oil spill.
That $20 billion fund employs 3,200 people.
They have 35 offices, 3,200 employees.
They have paid out 3.8 billion dollars in claims so far.
So what is this but another slush fund for big governments?
And we gotta take a break.
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