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June 3, 2011 - Rush Limbaugh Program
36:41
June 3, 2011, Friday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
You asking me that about John Edwards, who doesn't lie about paying off the mistress?
You know what Edwards is doing?
He's he's racing to the courthouse in Winston, Salem, North Carolina.
Because the uh the cops were en route to his mansion in in Raleigh.
They're going to arrest him.
Purp walk.
So he's trying to avoid the perp walk.
He's driving to Winston Salem.
Turn himself in.
So he avoids a perp wok.
The Breck girl.
You know, if I'm if I'm the Breck girl and I'm facing an indictment here, which I am, and that indictment might lead to prison, the last thing I would want the inmates to know is that my nickname is the Breck Girl.
Live from the Southern Command in Sunny, South Florida.
It's open line Friday.
Greetings to you, my good buddies.
Music lovers, drill seekers.
Conversationalists all across the fruited plane.
I at fruited plane.
I am Rush Limbaugh, the EIB Network, and the Limbo Institute for Advanced Conservative Studies.
Where the fierce flame of reality provides you your warmth and light.
Three hours a day behind the golden EIB microphone.
Now you know the rules on Friday.
Well, maybe you don't if you're new.
See, uh Monday through Thursday.
Callers have to talk about things that you know I've brought up that I'm interested in.
But on Friday, that requirement is shelved or broomed, and callers can talk about whatever they wish to on Friday.
Ask questions, make comments, or what have you.
It's a huge career risk taken by me, a highly trained broadcast specialist, turning over the content of the program to rank amateurs.
Well, we love them, rank amateurs, but still in comparison, rank amateurs.
Again, the phone number is 800 282-2882.
So we've got Kavorkian.
I guess now Obama's gonna have to find somebody else to head up to death panels.
Well, I understand that Kavorkian was uh was uh leading the list there.
You know, Kavorkan, he did a uh uh an interview with CNN not long ago.
You know what Jack Kavorkian said that the worst moment of his life was the moment he was born.
And he was serious.
He was dead serious.
Now he died, as you know, in the comfort and the uh pleasant confines of a hospital, receiving the best of treatment available.
He didn't go to the back of a VW bus and have a shoot somebody shoot him up with a disease like uh he was doing with uh with other people.
We also have uh, of course, the employment unemployment news that now we are but 9.1% on employment.
We have next to no growth.
We have massive unemployment.
We're in the midst of a housing disaster.
Oppressive regulations.
All of this, and the regime is demanding massive tax increases.
We face a threat of uh a reduction in the nation's credit rating.
We have systemic historic deficits.
And still today, still today you can read certain stories or go to certain networks and hear them talk about the recovery.
There is no recovery.
If this isn't a depression, then what is?
And the sad thing is, what's even worse?
Obama's entire motivation is to destroy what's left.
Now for two and a half years, we've been sitting here and we've been warning people who Obama is, what he is, what his policies are, uh, what his objectives are.
And it may be time to change tech.
Change the approach a little bit.
I think we've gotten to the point where preaching to the choir.
Everybody knows this is a quagmire.
Everybody knows it's either a depression or a recession.
They don't need the proof every day.
They live it.
The question is, what do we do to get through the next 18 months and preserve what's left so that there can then be a genuine recovery?
54,000 jobs, and they're still reporting that it was unexpected.
They expected twice that many jobs, based on what?
54,000 jobs created, unemployment up to 9.1%.
Hundreds of thousands of Americans have dropped out of the job market altogether.
The housing market is drowning.
Folks, I have a story.
Let me find this.
This as an American, as a human being, was a with a large beating heart.
Boom, boom.
This story is heartbreaking.
And it's a long street.
The Wall Street Journal, and all you need is the lead, the first sentence.
You don't even need to read the whole story.
It is about the housing market.
And it just, here it is.
Try this.
We're talking about our country.
Home prices have sunk to 2002 levels, effectively wiping out almost a decade's worth of home equity across the United States, imperiling the fragile economic recovery as Americans confront the falling value of their biggest investment.
Forget fragile recovery.
There is no fragile recovery.
How anybody can write that with a straight face or an honest sell in their body beyond me.
But here you have what Americans all over the country who were playing by rules, rules the country had promised them, assured them.
A lot of people, the American dream and so forth.
Now, I know market fluctuations are what they are.
Don't misunderstand here.
But this is just heartbreaking and so unnecessary.
Home prices, 2002 levels, effectively wiping out 10 years' worth of home equity.
Wiping out the value of many Americans' biggest investment.
It's just unbelievable.
I can't really put this into words.
I see people.
Genuine human beings.
This is not abstract to me.
This is uh it's written statistically, but these this is real.
These are real lives, real circumstances that are being affected here.
There's no private sector growth.
Obama says this is a recovery.
Let's take, let's take him at his word.
That for him, this is what a recovery looks like.
Let's just take him at his word.
Just for the fun of it.
This is what a recovery looks like.
And I saw Ichabod Crane on TV this morning as Austin Goolsby.
Most people have a 14-inch part in their hair.
This guy's neck is 14 inches long and probably about four inches around.
I don't know where he goes to buy shirts.
Austin Gouldsby, yeah, said to be the funniest man in one.
Well, there's this guy, this journalist used to be at Time Magazine met somebody that used to be the funniest guy.
Any rate.
This is what Obama looks like.
he looks out across the fruited plain and he sees a recovery.
This is what a recovery looks like.
He is at war with the private sector.
And he's winning.
Folks.
The president of the United States is winning his war against the private sector.
He is destroying it.
That is his mission.
His mission is succeeding.
So for Obama, this is a recovery.
Let's go to the audio sound bites.
February 10th, 2007, Springfield, Illinois.
This runs by real quick five, six seconds.
This is Obama.
Explaining to the country his view, his vision for revitalizing America.
Let's allow our unions and their organizers to lift up this country's middle class again.
We can do that.
Unions, organizers, let them lift up the middle class.
The private sector middle class is his target.
The public sector middle class are his beneficiaries.
Now, I submit, folks, everybody knows, and I mean everyone, I'm going to go.
The way you get out of a recession, the way you get out, the economic mess that we're in, is to create incentives for private sector growth.
You do that by lowering taxes, by reducing regulations.
We had a call yesterday.
Snerdley put a call up there from a guy, and I wanted to walk him through this.
He asked, Well, what would you do?
And I've always found it can much more impact if you actually walk people through it, but he was sadly mentally incapable of walking through it on his own, so it didn't work out.
So I got to explain it here myself.
You create incentives for private sector growth by lowering taxes, by reducing regulations, getting obstacles out of people's way.
You strengthen the dollar.
You reduce the size of government.
But you see, if you are a if you're a committed socialist and an authoritarian, you're simply not going to do these things.
You are not going to take the obvious and necessary steps to create prosperity.
Because what I just described to you as the definition of an economic recovery is not how Obama sees a recovery.
What's happening is how he sees recovery, taking him at his word.
In fact, if you're like Obama, if you are a socialist, authoritarian, you're going to do the exact opposite of lower taxes, reduce regulations, strength of the dollar, reduce government, you're going to do the exact opposite.
You're going to insist that the problems require more government.
You are going to insist the problems require more regulations, higher taxes.
You are going to continue to attack success and profits and businesses.
Alan Greenspan, the puppet of Andrea Mitchell, NBC News in Washington, came out today and joined the chorus for raising the debt limit.
I see how this is going to go now.
Republicans are going to be blamed for this recession.
Republicans are going to be blamed for a lack of recovery.
Republicans are going to be blamed because they are going to stand in the way of more spending to fix this.
It's exactly as I warned you a couple of weeks ago.
This economy was in much worse shape than Obama even knew.
Their policies are working.
We are in a recovery.
You hear them say so.
But it's going to take much longer than we thought.
And we do not dare change horses in the middle of the stream.
We simply don't turn over the reins to the people who drove us into this ditch in the first place.
We don't turn over the reins of people who will not agree to more spending and the solvency of our country.
that's exactly what's coming here, folks.
So just get ready for it.
More government, more regulation, higher taxes, continue to attack success and profits and businesses.
That will be I'm taking him at his word.
He says we're in a recovery.
This to him is a recovery.
He wants more of it, he says.
So he's going to keep saying the same things.
He's going to create, create, he's going to give never-ending life to the bogeyman he's already created, the rich, the millionaires, the billionaires, while leading a war against the middle class.
The middle class, that's whose home values are plummeting.
The middle class, that's who doesn't have any jobs.
The middle class, that's whose savings are evaporating.
That's the target.
Those while Obama attacks the millionaires and billionaires, they remain millionaires and billionaires.
Middle class is losing it all in the private sector.
Public sector middle class making out like bandits.
Just look at what Obama is doing and what he will continue to do, and just listen to what he says and will continue to say.
While this economy is causing great suffering, and while Obama will pretend he actually cares about you, he will continue full speed ahead with his war on the private sector, his war on the middle class, and his promotion of socialism and authoritarianism.
This is what Obama wants.
This is his recovery.
We take him at his word.
Gotta take a break.
It is open line Friday.
Sit tight, my friends.
Lots to do on the big program today.
We'll get started with all the rest of it right after this.
According to Mark Hemingway at a blog, the Weekly Standard, half of the new jobs may be from McDonald's, according to the unemployment data released this morning, the economy added 54,000 jobs, pushing the unemployment rate up to 9.1%.
By the way, speaking of which, I guess I'd share with you the way the AP is reporting this.
Here's their headline.
Employers add 54,000 jobs.
Rate ticks up to 9.1%.
The AP is reporting this as though jobs are being created here.
Wow.
The casual reader will think that the number of employed has gone up when it hasn't.
The number of employed has gone down.
And they did the same exact thing last month.
Employers hired only 54,000 new workers in May, the fewest in eight months.
The employment rate rose to 9.1%.
Labor Department report offered startling evidence the U.S. economy's slowing.
What is startling about any of this?
I'm getting blue in the face asking this question.
What recovery?
So anyway, 54,000 jobs.
Here's a report from Market Watch.
McDonald's, as you remember, ran a big hiring day on April 19th after the labor department's April survey for the payrolls report was conducted, in which 62,000 jobs are created at Mickey D's.
Now that's a net, it's not a net number because they added some jobs that people quit.
There's always fluctuation.
There's seasonal adjustment.
And so the number is fluid.
So Morgan Stanley is estimating that McDonald's hiring, the 62,000 jobs nets out to an increase of actually 25 to 30,000 jobs.
By the time you tabulate people who quit and retired, what have you?
The labor department will not detail an exact McDonald's figure.
I mean, they won't identify any company in that survey.
It's not they're avoiding it as they don't do it.
But here's the point.
If Morgan Stanley's right, we have 54,000 jobs created, and McDonald's may account for 25 to 30,000 of them.
That would be over half of them.
And we remember, we remember what the left said about McDonald's jobs.
They're workless.
No hellcare.
Hamburger flipper jobs.
No future.
Can't feed a family of four on one of those jobs.
Always deriding those jobs.
Putting them down.
So the media, ladies and gentlemen, is just they're twisting.
They are wringing their hands.
They are sad.
They're disappointed.
They are struggling trying to put this in perspective.
How can it be spun to aid President Obama will let you hear how they're spinning this when we come back?
Ah, are you?
Ill Rushball having more fun than a human being should be allowed to have setting the pace, defining the standard, and making sure the media tracks stay on the rails.
Speaking of the media doing what they can to spin this for Obama.
We have here a uh a montage.
We got PMSNBC's Kristen Welker, Deutsch Advertising's Donny Deutsch.
We have Scarborough on MSNBC, somebody from Bloomberg TV, Betty Lou, and a couple of other people here talking about the unemployment numbers.
Make no mistake about it.
These numbers put the president in a vulnerable position for 2012.
This president is incredibly vulnerable.
The president has so few good options right now.
Certainly an opportunity to criticize the Obama administration on jobs.
No U.S. president has ever been re-elected with unemployment above eight percent.
It's very, very bad news for uh Barack Obama.
Actually, I think it's 7.2% is the new number now, and the only and the last president who was was uh was FDR.
And so the regime has said, well, it cuts both ways, you know, because we're the new FDR.
So we uh we're very, very proud of this.
You see, vulnerable.
But once again, you people are on the cutting edge because last week you were assured President Obama was vulnerable.
You were assured last week that Obama is beatable.
These people actually think he's a shoe-in.
Up until this week, when the stock market crashed, when everything well, it crashed when he when it everything just imploded, all their signs, they really thought he was a shoe, and the Republicans, half of them thought he was a shoe-in.
Unbeatable.
And now listen to them.
And next week they'll change with this if if there's any rebound in the economic all it would would take is one economic statistic showing an uptick, and they'll be right back.
He's unbeatable!
Hey, look what he did in less than five days.
Removed all of the uh vulnerability from the equation, and he's back.
Which they can't uh wait to report.
Skip number three.
I I have decided, you know, Jay Carney's got enough problems without having to be embarrassed being heard by millions of people in this audience.
So we'll skip Jay Carney sound bites.
Here's uh CNN, American Mourning, the chief business correspondent Ali Velshi and Christine Romans, the business correspondent.
They have this little exchange about the May unemployment numbers.
They're shocked, they're dismayed, they're trying to understand.
Just into CNN, the May jobs report, and it's disappointing.
Unemployment rate going up slightly to 9.1%.
But what's really disappointing to people is that after three months of gains on average of 220,000 jobs a month, we only saw 54,000 jobs added in the month of May.
Disappointing week in general in the economy.
The number like uh this is substantially lower.
The pace couldn't be continued.
It was natural to think that the pace of job creation that we had seen was likely not to continue.
But the expectations were still in the 150,000 to 175,000 range, now to come in at 54,000.
This was the one thing we were looking to to say this economy is real.
Oh, yeah, we wanted to say it was real.
It hasn't been real.
Uh there hasn't there hasn't been a recovery.
I and I don't get off saying that.
You know, I don't I don't revel pointing this out.
Well, everybody knew the pace couldn't be continued.
What pace?
220,000, 180,000 that could we damn well better get to the point where we are creating 400 or 500,000 jobs a month, or this is all history.
We are toast.
I mean, that's what we're looking at here for a genuine recovery to bring everybody back within a certain number of years, it's gonna take that kind of job creation.
With the number out there, it's gonna take 400,000 a month.
It's gonna take half million a month.
By the way, Biden promised us we'd already be at that level by now.
That's what it's gonna take to get us back to where we were 2006-2007 levels, folks.
And there's not a soul alive that has any confidence that we're gonna get back to 400, 500,000 new jobs a month with these policies.
This isn't gonna happen.
It isn't possible.
And everybody knows it, including those in the regime.
They know it.
Everybody knows that the policies that we are hearing about, which are designed to recovery, they're not grow anything.
No growth taking place.
Here's Scarborough making it plain here that he's works at MSNBC, making making it plain here that he's not one of us.
Don't think of him as some wacko right winger.
So much of the explosive growth in the late 90s was based on a bubble, an internet bubble.
And then so much of the growth during the Bush years was based on a real estate bubble.
We have been it it's been guy, you have to go back to the early 1990s to see where this country actually innovated in a big transformational way.
You can't say, oh, the numbers are bad, this is Barack Obama's fault.
Or this is the Republicans' fault.
This is a much bigger issue.
Um, you can say you can say that it's Obama's fault.
And you know, we we like Joe Scarborough here, don't I?
I'm not picking on Scarborough.
And I was not picking on Krauthammer yesterday either.
I got I got some vicious emails, probably from seminar emailers.
Is it three or four of them?
Uh that was I've been listening to you for 20 years.
I never heard you so petty, I never heard you so jealous.
I wasn't ripping crowdhammer at all.
I was quoting from an American thinker piece.
But uh you can't blame Obama for these numbers.
Joe, come on.
Daniel Henniger, the Wall Street Journal Obama's Cloud Economy to pull quote, it is sometimes unfair to tag presidents with blame for an underperforming economy, but not this time.
This president made conscious policy choices during a deep recession to reorder vast swaths of American industry.
Strong performing economies need clarity, and there isn't any here.
Nobody in small or large business has any idea what the rules are gonna be six months from now.
The economy, says Mr. Henninger, is flying without instruments because of the White House's policy choices.
And see, that takes us back to what was very timely monologue yesterday about this silliness that you can somehow take issue with Obama's policies, but you can't take issue with him.
He is his policies.
The man is any politician is the sum total of his policies.
And when you go in to vote, by the way.
What are you voting on?
Names, right?
Candidates are on the ballot by name, not by issue.
You just know the American economy's out there somewhere, Henniger opens.
If only somebody knew which buttons to push to retrieve it from the storage cloud.
Here are the three headlines that floated by on yesterday morning's screens alone.
U.S. manufacturing growth slows substantially.
Housing imperils recovery.
Private sector added few jobs in May.
Now let it be noted for the record that presidents normally don't take ownership of a weak economy.
Jimmy Carter owned the 1980 election year economy.
George H.W. Bush owned the 1992 election year economy, both were one termers.
Happily for his opponents, Barack Hussein Obama.
Mm-mm.
Has taken ownership of the 2011 economy.
A full year and a half before he has to face the voters.
The Obama's self-confidence is famously limitless.
Still a doubter might ask if President Obama has not suffered his McCain moment on the economy.
You remember McCain's presidential bid blew up for good, not when he chose Sarah Palin, but when he announced in September of 2008 that he was suspending his campaign and returning to Washington to deal with the national financial crisis.
That was it for McCain.
Suspended the campaign.
Never recovered.
McCain had nothing to contribute.
You remember what happened at that meeting?
Well, I don't know if Obama took charge, but it was reported that he took charge.
The story was Obama took charge of the meeting.
The story was Bush couldn't even stop him by such a commanding presence.
Why Obama went in there and he's the guy that had all the answers.
That's what was reported.
And it's right, then they released pictures with McCain sitting there seemingly not knowing where he was.
That was the message conveyed in the picture.
So bye-bye McCain campaign at that point.
The White House thus at that point passed to Barack Obama.
Mr. Obama's McCain moment, raising expectations of economic seriousness and then dropping them over the cliff, was his hyperpartisan deficit speech at George Washington University in April.
The day before that speech, all of Washington expected Obama to make a major policy statement about the big deficit reduction debate then unfolding.
Agree or disagree, Paul Ryan's budget released the week before was all about policy.
The Republicans were actually offering to take part ownership of this economy by spending the year in dense discussions about the deficit in spending.
That's an interesting way for Henniger to put this.
They were willing to take part ownership of the economy.
you Willing to risk political capital.
I mean, here your opponent is self-immolating.
You get out of the way.
You don't get involved in it.
Your opponent's drowning.
You don't go in after them.
The Republicans did.
Expectations raised.
The president contributed nothing.
Instead, he dumped ridicule and derision on the Republican leadership seated before him.
With that speech, Obama kicked off his 2012 presidential campaign and in so doing politicized the economy.
Now, this is Hanneger.
I think I think everything about Obama has been politicized since before he assumed office.
But that, of course, is just me.
Hinneger says timing wasn't good.
Whether it's this week's report that consumer confidence has fallen, the sense grows that people are starting to freak out over the economy.
Persistently high unemployment, persistently weak growth.
Private forecasters have reduced their estimates for economic growth the rest of the year, well below the 3% the Fed predicted in April.
The Fed's 2012 growth forecast runs as high as 4.2%, but it isn't going to happen.
And everybody knows it.
Obama, believing that $800 billion of injected demand would lift the economy, the stimulus bill, decided to devote his political capital and congressional majorities to reorganizing two major American industries, health care and finance.
Both creations rose from the table as 2,000-page laws.
I mean, hundreds of bureaucrats and lawyers struggled to interpret 4,000 pages of smart legislating.
Obama said we're going to do it better, we're going to do it smarter.
So here you had.
And by the way, what was it that created the Tea Party?
This kind of stuff.
And what is this?
This is this is people understood automatically.
Two thousand page bills that they admit with pride they don't read.
We don't want government this big.
This is not what we want.
We don't want big government.
Finally the term big government had something tangible.
It wasn't just an esoteric phrase.
Big government was 4,000 pages of legislation that nobody had read.
Ergo, hello Tea Party.
What evidence do the Liberals cite for their vestigial faith that these industries employing millions of people can grow long term at greater than three percent from beneath the morass of Dodd Frank and the Obama health care law.
These two pieces of legislation kill the industries they regulate.
And people know it.
Sometimes unfair to tag presidents with blame for an underperforming economy, not this time.
He owns this morass.
He is its architect.
All right, open line Friday, and we always make an effort to go to the phones in the first hour of the program, which we seldom do, Monday through Thursday.
And so we're going to go to Maldonar.
We'll start with Sean.
Nice to have you.
You are up first, and welcome to the program, sir.
Hey, how's it going, Rush?
Hi.
Am I allowed to give you liberal bittos?
By all means.
Okay.
Well, I'm a liberal caller, but I was telling Snurley, I don't have uh any problem with you.
I love your show.
Um I listen all the time, and I'm not gonna rib you or anything.
Um I I don't always agree with your politics, but I think the show is great.
But what I'm calling about today was the uh Apple iCloud that's supposed to be announced next week.
Yeah, Monday.
Supposedly it's gonna be announced.
Um what what is what are your thoughts on that?
Is it gonna be a good thing?
Is it gonna blow everything else away?
I think it will, because Apple just I mean, they build almost flawless products.
It's amazing to me.
I was I was looking at subject line of your of your call on my monitor here before taking a call.
I was thinking Apple seems to be living a charmed existence right now.
They seem incapable of uh of making a big corporate mistake.
I mean, even you know, antenna gate with the iPhone 4, they recovered from it.
It wasn't that big a deal.
This I think the um everything I'm reading about cloud, you know, it's it's gonna start off uh twenty-five dollar introductory price or maybe free for a while to get people using it.
I think it's gonna catch on fast.
I um and I'm reading today where it it it it the real first victim is gonna be research in motion, the Blackberry people.
Because what the cloud is gonna do is end up really accelerating the entire push technology right now.
The one selling point that BlackBerries have push email between units.
You uh you send somebody else who has a blackberry meat, but they get it the moment you send it, it's there doesn't go to a server, it just goes right to the device from one device to the next, going to uh through through any other server.
This this cloud business uh is gonna free up people's storage on their local devices.
The only drawback here that I can see at first is gonna be whatever download speeds people have with uh with their internet connection.
If if the majority of their video and audio is coming from servers, they better have a speedy connection to avoid buffering of video and this kind of thing.
So, but I I yeah, I think it's revolutionary.
Cool.
Well, thanks.
What do you think?
Um I can't wait.
Um I'm just a little worried that you know the labels are gonna, you know, because I I download a lot of music, but they're gonna want me to pay even more because they seem kind of greedy, the labels do.
Um, for music already downloaded.
I've heard stories that they're gonna try to charge you again for stuff that you've already downloaded just to stream it to your own device.
I don't know if that's true or not, but one way or the other, yeah.
I mean, I think it's gonna cost uh what did I see today?
And again, this is all just speculation.
Apple still has some deals to negotiate with record labels that could cost them as much as an additional hundred and fifty million dollars uh to to uh close, and they'll pass that on at uh at some point.
But I don't think, you know, when they announce this and inaugurate the service, they're gonna cost you much.
That's how they'll rope you in.
We'll be back.
Nobody really knows yet what Apple's going to do with the iCloud.
We'll know it next week.
But the rumor is that they're going to offer music streaming from the cloud free for a limited time and then charge $25 a year for the service.
Now that's that's in the LA Times.
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