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June 7, 2011 - Rush Limbaugh Program
37:50
June 7, 2011, Tuesday, Hour #2
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I just got an email from a guy that made a great point about this unfunded liability stuff.
Remember now, we're at $61.6 trillion in unfunded liabilities in what we owe Medicare and Social Security.
Another way to look at it is the people who work owe $61.6 trillion in promises to people who don't work.
However, they were funded at one time.
What these unfunded liabilities actually are is IOUs.
We've all been paying FICA tax.
We've all been paying Medicare tax.
Despite the taxes, we have still spent $61.6 trillion more than has been collected.
So these liabilities were funded at one time.
That puts it in perspective and makes it even worse.
It's not as though the money was never there.
It was.
It's just been irresponsibly spent and spent and spent again.
Don't know how you get out of this.
I really don't have the slightest idea how you got a political party here who's proud of this, and they want to add to it.
Greetings, folks.
Great to have you back.
Rush Limbos serving humanity.
Half my brain tied behind my back just to make it fair.
Austin Goolsby, known affectionately here as Ichabod Crane.
He's got a 10-inch neck.
That's the circumference.
The length of the neck is 18 inches.
Longtime advisor to President Obama will resign his post as chairman of Council of Economic Advisors this summer to return to teaching at the University of Chicago Graduate School of Business.
So a failed economic advisor quits so he can return to academe and teach young skulls full of mush how to destroy jobs and run up the deficit.
And we wonder why the country's in trouble.
Failed liberals in government go back to their overpriced universities to teach liberalism to young skulls full of mush who don't know squat about the real world.
These failed intellectual idiots are running what's called higher learning.
Yes, snerdly, I mean exactly that.
Goolsby is fleeing his abject failure and is being welcomed with open arms back into the American Academy.
What is the old saying?
Those who can do and those who can't teach.
And those who can't teach teach Jim.
Goolsby was on this week on Sunday, now hosted by Christiane Amanpour.
She said to Goolsby, when so many economists were expecting something, you know, 155 to 170,000 jobs to be created this month, to see the unemployment come down a little, which it didn't, what'd you say to the American people about that?
Where is the light?
Mr. Goolsby, at the end of the tunnel.
Let's not conclude too much of anything from one report.
Let's look at what's happened over six months.
And what has happened over six months is we've added a million jobs in the private sector.
The president has passed a tax policy in December, which has come into place this year and will continue over the course of this year to give a payroll tax of $1,000 plus to 150 million workers and to give direct incentives for business to start investing, and they've accumulated money on their balance sheet.
Our effort now as a government should be to get the private sector to help them stand up and lead the recovery.
The government is not the central driver of recovery.
Whoa, there you have it.
That's why he's leaving.
That's why he's gone.
Obama is not the central driver of the recovery.
I know.
Why do we need pork programs?
You know, we'd probably be better off without porculus.
You know, in fact, what they were saying, Christina Romer and Goolsby both said, correct me if I'm wrong here, you waste your time.
I'm not.
They said that without the stimulus, unemployment would reach as high as 8.8%.
With stimulus, we keep it at 8.
Now, Romer definitely said it.
Well, if Goolsby didn't say it, he thought it, he agreed with her.
And remember, it was Austin Goolsby who gave Ram Emmanuel a dead fish back as he was leaving the White House to go steal the elections in that mayoral run in Chicago.
These guys thick as thieves.
So Goolsby's gone saying that the government's not the central driver of the recovery.
Does any wonder two days after he says that he's gone?
Basically said, hey, Obama can't do anything about it.
Obama spoke about it today, had a joint presser with Angela Merkel, the German chancellor.
And during the Q ⁇ A, the Reuters White House correspondent, Steve Holland, said, how worried are you about the threat of a double-dip recession?
What specific policies are you considering to help head that off?
And abroad, do you expect Germany to fund another bailout of Greece?
I'm not concerned about a double-dip recession.
I am concerned about the fact that the recovery we're on is not producing jobs as quickly as I want it to happen.
Prior to this month, we had seen three months of very robust job growth in the private sector.
No, we didn't.
And so we were very encouraged by that.
We don't yet know whether this is a one-month episode or a longer trend.
But the overall trend that we've seen over the last 15 months, over 2 million jobs created over the past 15 months.
What is that?
Rebounding of the manufacturing sector in the United States that's exemplified by the recovery of the big three automakers here all indicates that we have set a path that will lead us to long-term economic growth.
2 million jobs created.
And Anthony Weiner didn't send the pictures.
2 million jobs created.
Yeah, the auto recovery thing is it's a sham.
You mean the auto bailout?
Yeah, it's a sham.
They're not profitable.
They haven't repaid their loans, anything like that.
Obama's, I mean, these guys infect each other.
He's acting a little bit like Weiner here, lying like that.
Two million jobs.
No, I'm not worried about a double-dip recession.
I'm concerned the fact the recovery we're on is not producing jobs quickly.
Well, that wasn't enough for him.
So another reporter on the European economic question, did you ask Chancellor Merkel specifically to drop her insistence that the private sector become involved in a Greek debt bailout, which is holding up that bailout?
And considering you blame the European sluggishness for America's own stalled recovery.
It's just very important for folks to remember how close we came to complete disaster.
The campaign economy took a severe blow two and a half years ago.
And in part, that was because of a whole set of policy decisions that have been made and challenges that had been unaddressed over the course of the previous decade.
Bush.
And recovering from that kind of body blow takes time.
And recovery is going to be uneven.
Our task is to not panic, not overreact, to make sure that we've got a plan.
The need for us to get a handle on our debt and our deficit is going to be important.
I don't know, folks.
The architect of our debt and deficit here is the architect.
He's the author.
And he's getting exactly what he wants.
I mean, these guys, you know, Goolsby is the fifth member of the economic team to quit.
And my guess is they're saying, okay, mission accomplished.
Time to go back to academia, make some money, publish, write, make some side money, make some speeches.
I got the job done.
What was the job?
This was the job.
Now, some of you might be saying, no, no, no, Rush, Goolsby's quitting in shame.
He's getting out of there because none of his policies worked and he's getting out while getting his good and stuff.
No, no, no, no, no, folks.
Do you think these guys are going to admit that they're failures?
They don't have it in them.
By the way, again, this is one of these things I'm right and I don't like being right.
Once provisions of the affordable care to Obamacare, once provisions start to kick in during 2014, at least three out of every 10 employers or 30% will stop offering health coverage.
A survey released yesterday shows while only 7% of employees will be forced to switch to subsidized exchange programs to government.
At least 30% of companies say that they will definitely or probably stop offering employer-sponsored coverage.
According to the study published in McKinsey Quarterly, the survey of 1,300 employers says that those who are keenly aware of the health reform measure probably are more likely to consider an alternative to employer-sponsored plans.
50 to 60% in this group expected to make a change and also found that for some, it makes more sense to switch.
Study says, yeah, they're going to need a waiver, but they're not going to get them.
They're not going to get waivers in 2014.
The waivers end in 2012.
There aren't going to be any waivers after the 2012 election.
The purpose of Obamacare is to create just this.
And we warned you, told you, this is what the purpose of Obamacare is, is to close down employer-provided health insurance.
It's over.
Starting in 2014, when Obamacare begins to be fully implemented, you are no longer going to have your health insurance through your job.
You will have to be dependent on the government for health care and health insurance.
And that's been the plan all along.
Put such strain on the private sector that employers simply cannot afford it.
Now, up till now, there hasn't been any way for the employer to offload it.
They just had to manage it somehow, either demand co-pays, reduce salaries, any number of ways to avoid the skyrocketing, rocketing employment costs that providing health care is a benefit.
But now, with Obamacare out there, there's a place to offload this stuff.
A place to get rid of it by design.
This number, 30%, I think, is actually low.
I think it's going to be much more.
Many more than 30% of companies are simply at the first chance they get, folks, they're going to offload the health insurance benefit.
Just get rid of it.
It's a nightmare.
It is a human resource nightmare.
It's an accounting nightmare.
It just is a pain.
They don't care where it goes as long as they don't have to deal with it.
And there's Obamacare with these government exchanges.
Now, the numbers compare.
Follow me on this.
These numbers compare to a Congressional Budget Office estimate that only about 7% of employees currently covered by employer-sponsored plans will have to switch to subsidized exchange policies in 2014.
So we're dealing here with what's reported as 30% versus 7%.
Now, the numbers compare to a Congressional Budget Office estimate that only about 7% of employees currently covered by employer-sponsored plans will have to switch to subsidized government exchange policies in 2014.
Now, this is a telling point in that McKinsey study because they're saying both.
30 versus 7%.
Regarding the CBO, the Congressional Budget Office lied to us.
30% of employers will drop health care.
CBO said it would be 7.
McKinsey, who has surveyed the businesses, say it's going to be 30.
And in truth, don't doubt me, it's going to be more than 30.
They can't wait to offload it.
And they're looking around at all these other firms getting waivers.
So in a couple of short years, two or three short years, if this thing is not repealed, if it's not stripped bare, if it's not defunded somehow, your health insurance through your employer is something for days gone by.
You got to take a trip to a government exchange.
You got to go to the health care equivalent of the DMV by design.
This has been the purpose of Obamacare, one of the many purposes.
Obamacare from the outset.
And we're back, Rushland Baugh, the Excellence in Broadcasting Network.
Talent on loan from God.
The big voice on the right, we go to Charlotte, North Carolina.
This is Reed.
Great to have you on the program, sir.
Hello.
Rush, I want to say thank you for all you do.
And I was commenting earlier on the Charlie Rose show, but one other quote he had was that they were compelled to do this.
And I'm wondering if that's going to be the new mantra in Democratic Liberal Society.
You're talking about Spitzer and Wiener?
No, just he was talking about Wiener.
He was compelled to do this.
And it was a compulsion.
It was kind of like they were come up with a new articulation on why this happened.
And it was just a compulsion.
It's something almost excusable.
We should understand this.
Well, yeah, I don't.
It's sort of like what happened to Clinton.
Right.
It's a variation on the story of these guys.
So powerful, and they are so smart that normal mores can't contain them.
Their appetites are such because of their greatness that they must go outside the norms of conventional society.
We can't possibly later understand because they are so smart and they're so great at compel.
Like Chris Matthews, Chris Matthews said maybe his wife is partly responsible.
You hear that?
Oh, yeah.
Matthews was discussing this with a Republican strategerist by the name of John Fury, and he said that Wiener's got this wife.
He knew if she knew about it, then she's partly responsible for letting it go on.
If she knew about it.
So now the wife gets partial blame.
Oh, yes.
Huma knew.
And if Huma knew, she's partly responsible for it.
Well, I know Huma's being held up as a saint, but I mean, this is, look at Reed here is racist.
I told Catherine over the weekend, before this is all said and done, we're going to get stories on the super intelligence and the latent greatness of men like this is what causes it to happen.
We can't, like you said, Reid, a compulsion.
Reid?
Can I ask you an NFL question right now?
Sure, I'm going to change the subject on a brighter day in Charlotte.
Yeah, go ahead.
I'm wondering if the media is going to be interested in the Cam Newton story here and if I should be careful about pulling for him or saying anything about him when I talk to friends or do you think that that might be a touchy subject here in the Democratic home of the Democratic National.
Wait a minute.
What would Cam Newton having to do with the Democrat National Committee and the convention?
Well, we're just going to be the new home, so we're proud of that.
But I'm wondering if we picked Cam Newton for all the right reasons or for PR reasons.
Oh, you mean, oh, you're talking about the Panthers.
The Panthers' No. 1 draft choice.
Whether they picked...
Oh, oh, oh.
I thought you're somebody...
I don't want you to say anything.
I want to go out on a limb and take a chance and say, maybe we picked him because we're hopeful for great things out of Cam Newton.
You look at, as a Panthers fan, you got to say that.
As a Panthers fan, you've got to believe that.
This team's in the, yeah, hope and change.
Your team's in the dregs, man.
Your team won two games.
You got to believe people running that team pick Cam Newton, not for PR, but they actually think that he's going to revive and bring him back.
They think he's a franchise quarterback.
You've got to believe that.
So you feel good about the pick.
You feel good that we did the right thing.
Well, I'm not a Charlotte fan.
So I'm.
We consider you an expert with your Pittsburgh.
Well, you're absolutely right about that.
Yeah.
I don't think anybody really knows.
I think this is one of the great things about the NFL drafting all these experts.
Look at Brady.
It was an afterthought, like sixth or seventh round, Tom Brady, the Patriots.
Nobody wanted him.
For all the science that goes into this, there are so many intangibles.
Yes, there's going to be a season.
I'm positive there's going to be a season.
Of course, there's going to be a season.
There will be a National Football League season.
Even if it's only eight games, there will be a season.
The NFL schedule has been structured so that they can play an eight-game season, one preseason game, have a little bit of a training candle, free agency period, and still do the normal playoff routine.
But it won't come to that.
This is going to be.
Now, I will say this.
I mean, there's always caveats to this stuff.
The owners are prepared for there not to be a season.
They are loaded for bear on this.
They are.
They're loaded for bear on it.
Yeah, I think there's going to be an NFL season.
And I have to think that the people running the Patriot or the Panthers here did something other than choose something to sell tickets for a year.
Be back.
Don't go away.
Somebody asked me a moment ago about the automobile.
Snerdley asked me about the auto bailout.
Washington Post today, they've got a guy, Glenn Kessler, is their fact checker at the Washington Post.
And he has a piece here which just devastates Obama's latest statements on the auto industry bailout.
The most misleading collection of assertions we have seen from Obama is how Mr. Kessler describes this phony accounting on the auto bailout.
And he spells out four examples of things Obama has said since June 4th on the topic of the auto bailout that are just wrong.
One, Chrysler's repaid every dime to the government.
No, U.S. government only got 90% back of their combined loans to Chrysler.
Auto industries adding jobs at the fastest rate since the 90s.
No, the Bureau of Labor Statistics does not back up that claim.
GM will bring all workers back lost during the recession.
GM announced workforce cuts of 68,000 in 2006.
Then it cut 9,600 workers in Q4 of 2008.
Only 8,600 of those are now back at work.
So 68 plus 96, basically 76,000 workers, and only 8,600 of them are back at work.
I mean, it's not even close.
And Washington thought we should do nothing to protect Chrysler in general.
Not so.
Everybody thought we ought to bail him out, Bush and everybody.
But I mean, the Washington Post skewering Obama.
Now, it's a blog.
It's on the website.
It's not in the newspaper.
Just a little caveat.
Now, one more thing on this healthcare business, too, that I got to remind you of.
McKinsey, management consultancy company, they've done their survey.
30% of American businesses will drop employer-provided health insurance as a benefit when Obamacare kicks in, meaning that you and that number, I think 30% is low.
It's going to be higher now.
Because once one company, major size, large company starts it, it's going to cause a domino effect.
And a lot of them are going to follow suit because they can't wait to offload these things.
They're unmanageable.
It's out of control.
Here's the thing for you to keep in mind: at least 30% of you will lose your health care provided from your employer.
Means you've got to go to the government, these exchanges, to get your health insurance.
Keep in mind, a relevant figure here.
According to a news story that we had the week before last, you right now are only paying 12 cents of every dollar that you spend on health care.
And that's one reason it costs so much because when it's only costing you 12 cents, and I know a lot of you think that it's costing you more than you can afford, and that's probably true.
And even at that, you're only spending 12 cents personally every dollar that's being spent.
That cannot hold up.
You're going to be spending once you go to these government exchanges, would they have total control over who gets insured and who doesn't?
And, you know, all of these various secretaries shall determine how often does that phrase appear in the healthcare plan.
By the time you wind your way through the maze of these government exchanges, you're going to be paying a lot more for your health care than you're paying now.
12 cents if this thing is not repealed.
And if it isn't defunded, here's Bob and the Bronx as we hit the phones next.
Bob, welcome to the EIB network, sir.
Hello.
Hi, thank you, Rush.
Longtime listener, longtime supporter.
Great to have you here, sir.
Thank you.
Hey, Rush, I'm cloing because you weren't on the air yesterday, but I had tuned into Chris Wallace's show on Sunday, and Sarah Palin was the guest.
And she just was phenomenal, phenomenal.
And again, it shows you, of course, how the mainstream media twists and pulls the truth and what she says.
And they've been all over her for saying something about the British are coming and Paul Revere's ride and everything else.
And she had explained that that's exactly what happened, that she knew exactly what she was talking about.
And here, Rush, again, this is my comment, and I'd like to give you a question.
But she is an intelligent, viable candidate if and when she does decide to run.
And I really feel that, again, the entire nation is being blackballed by what she is not compared to what she is.
Is that an opinion you're giving?
Are you asking me if I think she's a viable candidate?
That is my comments, first of all.
And then actually, my question to you would be: if she were to run, do you think she would be a viable candidate next to this Obama?
Well, they're trying to destroy her.
I just saw a poll somewhere at Fox.
It's either Fox or MSNBC because those are the two networks going on in here right now.
And this poll said that 41% of Republicans don't want her to get the nomination.
I don't know what the poll is.
I don't know what it is.
I remember we had, you're in the midst of this bus trip, we had a call from Vinny in Queens.
I don't know if you heard it, but I got a little bit ticked off at Vinny because Vinny was willing to throw her overboard simply because the media has successfully destroyed her.
He says he didn't want her.
And I know a lot of people like this.
I'm running a lot of women who can't stand her because I have dealt with it.
Women cannot stand her.
They hate her.
Republican women.
I mean, it is visceral.
And it's intensifying.
And one of the things about this that does bother me is that we have people on our side say, Rush, the media has destroyed her.
I don't want to mess with somebody.
The media's already destroyed.
She's guaranteed to lose.
I love Sarah Palin.
She's very ready, but the media has just destroyed her.
And when I hear people say that, okay, well, what are you going to do when they destroy Romney?
And what are you going to do when they destroy Palenti?
And what are you going to do when they destroy Santorum?
What are you going to do when they destroy Herman Kane?
At one point, if you're going to sit around and wait for the Republican, they don't destroy or don't try to, well, I don't know, Rush, there's nothing we can do about it.
I mean, they set out to destroy her, and she's damaged goods.
It's just not possible.
People hate her.
She's too vitriotic.
She's too polarizing.
What bothers me about it is that I'm just sick and tired of the media winning that way.
Where is our side saying the hell with you destroying our side?
So it tells me that some people don't mind her being destroyed on our side and just casually let it go because they don't like her for one reason or another.
It's Paul Revere business.
I happen to know, folks, a lot about Paul Revere.
I happen to know a lot about this.
Well, you will soon see why I know a lot about Paul Revere.
Not stringing you along at all.
And let me tell you this Palin thing with Paul Revere.
To read about this is just fascinating.
Because she was right as far as it goes.
Paul Revere started his midnight ride as everybody, well, I can't say everybody knows, but as most people were taught, the warner, the British are coming, the British are coming.
And that happened.
What did Palin do?
She's out there.
She comes out of the church and they press her, what they heard about Paul Revere.
Oh, yeah, Paul Revere.
He warned the British.
He warned the British are not going to take our guns away from us.
Those bells are going to be ringing out there.
People say, oh, my God, what an idiot she is.
My God, she thinks that Paul Revere was warning the British.
Oh, my God.
And they went nuts.
Now, what happened was that Paul Revere got captured.
Paul Revere was captured.
And while in captivity, he did warn the British, you ain't going to get away with this.
We know that you're here.
Everybody knows you're not going to be able to disarm us.
The bells are going to be ringing out there, and you're not going to surprise anybody.
So she was right.
So they went to the historians, the highly respected historians, and they had, to read this was just humorous as it could be.
The historians in Boston that the news media found had to begrudgingly admit that she was right, but as one of them said, this is classic, it wasn't due to scholarship.
Mrs. Palin accidentally got this right.
They made it very clear that very few people really know that Paul Revere, in fact, did warn the British after he was captured.
They think that she was either drunk or tired or whatever, and just because they believe she actually said, I can see Russia from my house.
They believe she told Katie Curry.
They believe this.
So they think that she committed a faux pas that happened to turn out to be right.
So they're saying, yes, yes, actually she's correct about this, but it's not due to scholarship.
Meaning, it's not because she knew it.
It's because she just happened to say it.
She got lucky.
In fact, one of them said.
She got very lucky here in her response.
And when you look at the tape of Palin saying it, it's filled with Palinisms.
When it's these palinisms that rub people wrong when she says, for example, that, and they're going to be ringing those bells.
People think that's very unsophisticated to speak that way.
They're ringing those bells out there.
But in fact, the church bells were going to be rung.
And it was, she was, she was right.
I'm not defending her.
I'm not even, that's not the point of this.
But when the story first hit, you could just, I mean, the first version of it I saw was Andrew Malcolm, who I liked.
He's got the blog at the LA Times.
And Andrew Malcolm ran the story, and without saying it in his own words, the implications, well, the inference as a reader was clear as uh-oh, oh my God.
How could you possibly think of Paul Revere warned the British?
My God, what an idiot.
Oh, it confirmed everything.
Everybody ever thought.
And you keep reading, you read the comments, and the last comment, and there must have been the time I saw this, must have been 12 or 13 comments.
The last comment was from a guy who said, actually, she's right.
Blah, blah, blah.
It happened.
And she was right.
And the real story is that nobody knew it.
Nobody knew that Paul Revere actually warned the Brits, too.
Nobody stopped to think of what he did when he got captured.
The story of Paul Revere, as far as most people go, is he's riding through town warning British are coming, British are coming, and that's it.
They don't know he got captured.
They don't know the story of what he did in captivity, how he did warn the British.
So it was just funny to watch all of this fall out, how the critics laughing at her had no clue themselves what had really happened.
Yeah, the regulars are coming.
And then when they went to the scholars, the scholars begrudgingly, yes, Mrs. Palin is right about this, but it wasn't due to scholarship.
Meaning, she's still an idiot.
She's always an idiot.
And this doesn't mean that she's not an idiot.
She just looked into this.
Damn it.
I thought the whole thing was just, to me, hilarious as it could be.
It just, it is what it is with her.
Anyway, I got to take a break.
I'm a little long here, my friends, but in terms of when did she get the nomination, I have no clue.
I don't.
All I know is that when I run into more and more Republican women, the hatred for Sarah Palin is visceral.
Just don't like her.
I don't pretend to understand it.
Well, I know I explained it once, but it takes a form of irrationality that I can't hold on to for very long.
We are back.
Great to have you.
Rush Limbaugh, the EIB network.
You remember there was another occasion where Palin was laughed at and mocked for saying that she was talking to a tea party crowd and talking about waiting for November election to come up.
We're going to party like this, 1773.
And of course, the meeting went nuts.
Oh, yeah, 1773.
Sarah Palin, Declaration of Independence, 1770.
She didn't even know what year the Declaration.
And of course, 1773 was the year of the Boston Tea Party.
She's talking to an audience, Tea Party people, 1773, a relevant date.
Again, she knew what she was talking about.
The smart people had no clue what she was talking about and assumed she's an idiot.
So when you start out assuming somebody is a blithering idiot, everything she says is going to end up being a blithering.
And again, these are the smart people.
I've really, I've had, so many people tell me they think that she's stupid.
I don't care what, but the only reason they think that is because of what they're being told by these pompous asses in the media who hold themselves out as the arbiters of smart and who themselves are brain-dead ignoramuses when it comes to basic facts.
And of course, Obama thinks Hero Hito was on the deck of the USS Missouri signing the surrender treaty with MacArthur.
And he thinks there are 57 states.
Well, those are just slips of the tongue.
Kevin in Scottsdale, Arizona.
Great to have you on the program, sir.
Hello.
Hi, Rush.
Hi.
I have a different perspective on the Wiener Gate, and I want to run it past you.
Right.
I don't think his real crime was really the lying or even the infidelity.
I think the real crime is that you have a public official with political power trying to sacrifice a private citizen and destroy his career, i.e., Andrew Breitbart.
You know, that is an excellent point.
Weiner did try to blame a hacker, a private citizen, and you got to admire Breitbart.
Breitbart shows up at Wiener's press conference.
Breitbart shows up, hijacks Weiner's press conference before Weiner even shows up, and demands an apology, or at least tells people what he's expecting.
And Breitbart says, I'm a little tired of you people thinking I'm wrong where everything I do, I can back up.
My middle name is Facts.
And you're sitting here and you're believing all this garbage.
And eventually, after five or six requests to do so, Weiner did finally apologize to Breitbart.
But you're absolutely right.
Weiner did his best to lay this off on a blogger, in one sense.
Andrew Breitbart has got big government and big journalism websites and clearly rattling the left.
So Breitbart just hijacked Wiener's press conference.
You got to love that.
James Carville was on the IMAS show on our flagship WABC in New York and on the Fox Business Channel and is worried there could be riots in Obamaville next year if the employment or unemployment situation, the economy at large, doesn't improve.
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