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July 8, 2011 - Rush Limbaugh Program
36:50
July 8, 2011, Friday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
Greetings, my friends.
How are you?
Everybody okay?
Oh, why am I asking?
I already know the answer to that.
Everybody's not okay.
It's the point.
But we're gonna fix it.
It's Friday.
Great to have you here.
Live from the Southern Command in sunny South Florida.
It's open line Friday.
Well, I really don't know if it's on purpose.
I really don't know if it's on purpose, or we've just selected the biggest accident in the history of mankind, but whatever.
Barack Obama having lots of success.
Destroying things.
How about the jobs numbers?
How about this pathetic press conference today?
This pathetic positioning that they're trying to convince everybody of on this debt ceiling.
I mean, champagne corks must have been popping in the white.
So we shut that down.
So the Russians now have the only human access to space.
Can you believe that?
Yeah, we have to believe it, folks, because it's El Trobo.
Anyway, greetings.
Rush Linball, the Excellence in Broadcasting Network, Open Line Friday.
And here are the rules.
Actually, uh this is where I take one of the greatest career risks known to exist in the free or oppressed worlds, particularly in big media.
When we go to the phones, this is where everybody gets their chance to pretend what it's like to be me.
You get to choose whatever it is you want to talk about on the phones on Friday.
You the Iranians are sending monkeys up.
So we'll be able to hit your ride with the Iranians.
Yeah.
Yeah, maybe on one of their ICBMs.
When you call 800-282-2882, you can talk about whatever you want.
Um big big day in media always open line Friday here at the EIB network.
Our telephone number 800-282-2882.
Folks, I have um I've got a special attachment to the space program, the shuttle program, just as a citizen, but I've I've met so many people in it.
The um but by the way, I'm gonna talk about the shuttle here for just a second, some fun thing I just discovered.
But I want you to sit tight because there's a lot of deciphering that has to be done over that meeting yesterday on the debt ceiling.
There's some really uh potentially disastrous things that could happen from this.
There are I haven't been able to confirm them, and Boehner's denying it.
But there are too many indications coming out that the House Republicans are willing are going to cave on a number of things, such as more defense cuts than even Obama wants.
Now, I'm hoping it isn't true.
But I'm hearing it from too many different places.
So we'll get into that in um in detail.
Now, Boehner, uh I I must I was heartened by this because last night I was up late.
The panic started about 1025 when last night when uh when people started uh emailing me with things that uh they had heard and and press reports, by the way.
It wasn't just things people had heard, but there were there were very disturbing, are very disturbing press reports, but they are press reports.
There's a lot to decipher here.
There's a lot to wait, there's a lot of malarkey.
Um and I was waiting through it well until early this morning, and I've I've got it all ready to present to you here today for you to um learn and make up your own mind and apply your own thought to, as well as, of course, listen to my interpretation.
We'll get to that in just a moment, but I found this quite by accident.
I'm uh I found an app for my iPhone on the final shuttle launch called Go Atlantis.
And somehow, playing around with that app, I don't know how, I ended up at the NASA.gov website.
Now, the NASA.gov website, tracking the shuttle, pointed me to a program that somebody wrote.
It's an it's an animation, a near 3D animation of the shuttle from launch to landing via Google Earth.
Now I'm gonna swipe here.
For those of you watching on a Ditto Cam, that's it.
Now that's as close as I can get to it.
Let me get out of the way a little bit just for a second.
That's it.
And it it changes and tracks, it changes elevation, it changes view.
I've got it on auto fly right now, or auto, but you can you can change the perspective manually if you want to.
But it has been fascinating to watch this.
Uh ever since the launch, uh, even before the launch, the animation is is is excellent.
It's uh lifelike.
Uh as I say, it's it's not 3D, but it's uh it's it's close to it.
Shuttle is now over Indian Ocean.
It was in Paris.
It was over Paris in 20 minutes.
I'm thinking, man, wouldn't that be cool?
Be able to get to Paris in 20 minutes there.
Four guys have just done it.
Problem is they're not landing.
So I I um uh go to the NASA.gov site, find the shuttle.
The link is way too long here for me to read to you.
Maybe, and I didn't think of this early, maybe at the next break, I'll copy the link, send it up to Coco Jr.
You could put it on our website.
You can see if you can um do the you have to download uh the uh the app that uh uses uh uh is used with Google Earth to uh follow this.
But it's it's it's uh it's it's pretty simple to do.
All right, here's what got everything going last night.
This uh at 1025.
Now I could have known this had I been watching the Fox uh All Stars earlier at 640 last night, but I wasn't.
I didn't learn of this until somebody sent me the uh the notation.
Bill Crystal.
Last night on special report on Fox predicted that the Republicans are gonna cave in a very big way on the debt ceiling negotiation.
Now that immediately caught my attention because all through the week, I have been pretty steadfast in my confidence that they weren't gonna cave, that they could make Obama cave.
If you've been listening all week, you know what I've been saying.
That Obama is at the weakest a president has been politically in a long time in this country.
Why our guys don't realize it?
Why they, you know, we were talking yesterday.
Why is it that we continually fear that they fall for decade old traps that the Democrats said?
It's because they do.
It's because they sometimes do fall for these traps.
So on Thursday's special report, Crystal said that the Republicans are gonna give in and agree to the terms set forth by the regime.
Here's the quote.
It sounds as if it's heading towards a deal.
It's not a deal, and I'm gonna like, I suspect, and I think it's gonna be a bad deal for conservatives and Republicans, but I think they're intimidated.
Republicans.
The uh president's been running around talking about corporate jets and the rich and how the sky's gonna fall unless Republicans cave, and I think they're getting ready to cave in a pretty big way on Sunday, which is the next meeting.
Obama canceled another vacation.
He was gonna go to Whitefish, Montana on Sunday.
But then he discovered that if he made these guys work on the Sunday, went to Whitefish, it wouldn't look good.
He's probably kicking the teleprompter that made him say that these guys need to work through the weekend, because now he has to as well.
Now, Crystal said he doesn't know anything specific.
He's just basing this on what Republican leaders have said publicly, which I have to admit I've missed.
Crystal forecasts that defense spending cuts, tax increases, and other cuts would be dressed up to be more than they really are in the end, and that it would lead to a conservative revolt against Republicans.
He said, So great, we have a Republican House, and they're going to agree to the huge defense cuts, tax increases, Phony spending cuts and increased debt.
I think there'll be a huge rebellion among conservatives in the country if Republicans sign on to this deal.
Well, that triggered my own search for news stories, and I was able to find them.
They were all over the planet everywhere.
Washington Post Politico, they were all there.
Now my antenna, you know, went up, and I said, okay, some red flags here.
And there could be a little reverse psychology being employed by Crystal.
Never know.
I hadn't I hadn't gotten a wind of this myself.
Now this morning, Boehner said that no budget agreement with the Democrats is imminent, and that he didn't see differences between the two parties narrowing at all in recent days, which is the opposite of what Obama is saying.
He said Boehner did there's no deal between him and the president in public or private.
His remarks came as congressional leaders and Obama plan to work this weekend to reach a compromise, includes as much as four trillion dollars on deficit reductions over the next decade and an increase of the U.S. debt ceiling.
I just want it before we go to the break here and I'm filling you in on all the things that I subsequently learned after this.
I just want to tell you with extreme confidence that if any of this happens, if there is a cave by House Republicans on this debt limit,
if if if Obama gets what he wants, all of what he wants, as Crystal is alluding to here, and was backed up by other reports, then you can you can say goodbye to Republican National Committee.
It will implode, people will stop sending it money.
You can say hello to a to an Obama second term because there will be a third party.
The Tea Party will organize as a third party.
If there is a cave on this, we could lower the debt ceiling and make our debt payments, as I detailed yesterday.
We are not at risk of default.
We are not in danger of default.
Anybody, either party who says we are, is engaging in demagoguery and the same classic Washington tactic of creating to you a crisis, an apocalyptic crisis that has to be solved now or else.
I'm telling you, that isn't true.
Just as the world wasn't going to end if we didn't get TARP, that wasn't true.
None of the forecast crises and their accompanying a cop apocalypse have been true.
Nothing that they have tried to scare us with since 2008 has been true.
So if this cave happens, hello, third party, it's going to happen.
And then you're going to see a wave of new presidential candidates get in the race, and they're going to start.
Rick Perry will decide at that moment it's time to get in.
And Paul Ryan, who knows?
I don't, but if if there is a cave, folks, uh it's it's it's it's designed.
And I don't mean to be alarmist here.
But if these guys cave, the November elections of 2010, see the thing to me is that Boehner isn't under any pressure.
His base does not want a compromise.
We do not want a compromise.
He's under no if whatever pressure Boehner thinks he's under is coming from somebody else, because it's not coming from us.
We don't want him to cave.
We want what's right.
If they come out of there with no deal that's advantageous for us and is not representative at all of the November 2010 elections.
What I've I'm I'm afraid to predict what's going to happen to these incumbent Republicans.
Rasmussen today, 72% of the country favor free market economy over one managed by the government.
72%, in other words, want to fire Obama.
72% want to fire every Democrat in Congress.
72% of the people want their country back.
This is why Democrats hate the Tea Party.
And this is why the Republicans have to hold firm.
And the politico yesterday had this little passage.
Second paragraph, debt talks bottom lines loom with White House debt talks due to resume Sunday.
The next few days will sorely test the mettle of President Obama and Speaker Boehner as they try to break free a large-scale deal held prisoner this far thus far by the rhetoric of both parties.
Sorry, politico, there's no rhetoric that is holding anything prisoner here.
It's hard, cold reality.
And it's called Saving the Nation.
Here's the second paragraph.
Boehner's forces appeared shaken Thursday by the skepticism they encountered for even entertaining new tax revenues as part of the package.
And the GOP's divisions broke into broke into the open at a White House meeting hosted by Obama for congressional leaders.
And I read that and I said, whoa.
Boehner's forces appeared shaken Thursday by the skepticism they encountered for even entertaining new tax revenues.
Now, who I wonder when I wrote, who are Boehner's forces?
Who's this talking about?
And then I learned what the rest of this means is the Republicans' divisions broke into the open at a White House meeting.
This means that other elements of the Republican leadership at the meeting with Boehner openly broke with him in front of Obama.
While Obama was still in the room, other Republicans, that's what this report says.
Now, it's political, folks.
Sad to say, we don't know how much of this is true.
Because Boehner's out there saying there is no deal imminent.
I don't know what this is all about, but we haven't moved close.
I hope that's true.
Hope this other stuff is BS.
Hope Crystal's got it all wrong.
But Boehner isn't under any pressure.
What pressure could there be to cave to Obama?
What's the pressure?
It isn't coming from the American people.
American people don't want Obama's deal here.
I gotta take a break.
We'll be back.
Hi, we're back, Rushlin Ball, open line Friday.
Here at the one and only Excellence in Broadcasting Network.
Here is, just so you can hear it yourself.
This is Crystal.
Bill Christopher Weekly Standard.
Last night's special report with Brett Baer during the All-Star Panel.
Sounds as if it's heading towards a deal.
It's not a deal that I'm going to like, I suspect.
And I think it's going to be a bad deal for conservatives and Republicans, but I think they are intimidated.
The president's been running around talking about corporate jets and the rich and how the sky's going to fall unless Republicans cave.
And I think they're getting ready to cave in a pretty big way on Sunday.
That's what he said.
Now again, um the media's all hoping that this is true, and the things the media was writing last night, independent, by the way, of anything Crystal said.
It gave indications that there's something to this.
For example, again, this political story.
Boehner's forces appeared shaken Thursday by the skepticism they encountered for even entertaining new tax revenues as part of the package.
And the Republican divisions broke into the open at a White House meeting hosted by Obama for congressional leaders at the big meeting.
Now, let's just take this at its word.
It's the political, but let's take it at its word.
They're in the meeting.
There's a bunch of Republicans in the leadership there, of course, with uh Speaker Boehner.
Some point in the meeting, Boehner signals willingness to entertain the idea of new tax revenues as part of the package.
And at that moment, elements within the Republicans that were with him revolted.
And Boehner was shocked.
Politico said Boehner's forces appeared shaken by the skepticism.
I how can you be so tone deaf?
I read this, and how I said Boehner cannot be this tone-deaf.
He cannot possibly think that a winning thing for him or the Republicans is to go along with tax increases.
This doesn't compute.
He's not under any pressure from the base, anyway.
We don't want to compromise with Obama here.
We want Obama caving, which can be made to happen.
All right, I'll pick up here when we get back.
Right where we left off.
Shuttle, by the way, now approaching New Zealand, just south of New Zealand, between New Zealand and Antarctica.
Yeah, I'm watching it on my fun little Google app or Google Earth app here.
This the animation of the entire shuttle flight, including the launch.
It was uh was a cool.
Open on Friday, we're back El Rushball, the EIB network and the Limbaugh Institute for advanced conservative studies.
Now again, Boehner's forces appeared shake it.
See, I can't I can't get beyond the hard cold reality that I can't fathom what pressure Boehner's under.
Now the traditional way that Republicans get snookered here is to be made to believe that the American people are clamoring for whatever it is the Democrats want.
I don't care, Obama, Barney Frank, I don't care.
That's always the template.
Whatever Democrats want, the people want.
And that the Republicans are the obstructionists, and that they're standing in the way and they're not working with anybody.
And they're racist, sexist biggest homophobes, and they're mean spirited extremists, and now they're Wahhabis uh holding guns to people's heads and all this sort of stuff.
So that would add up to me to be media pressure.
We know that in Washington, media pressure is intense.
Well, we know that sadly, more often than not, Republicans react to it.
But there certainly is no pressure on the Republicans from their voters to do this.
I mean, to give Obama what he wants here.
More spending?
To give him a lifeline to the 2012 campaign and reelection.
That's what our base wants.
I mean, forget for a moment, even if you if you want to take it to the detail that, well, maybe Boehner's not a movement conservative.
Okay, fine.
Maybe Boehner's not a movement conservative.
not a liberal Democrat.
And again, I have to remind you here that Boehner has said, it's been reported all over the place at a press conference.
Look, I don't care what you're hearing there.
No deal is imminent here.
We're not close, either in public or private.
He didn't specifically address any of the claims that have been made in some of these news stories.
For example, where is it?com is reporting that they discussed cutting the military yesterday from between 600 to 700 billion dollars.
Now, Obama, his original proposal was to cut defense 400 billion.
There's the Hill.com reporting that they were discussing cuts in the range of 600 to 700 billion dollars.
Now the fear, the fear here is that non defense cuts will be weak, as they always are, And they'll be spread out.
They always are.
The cuts in defense much heavier than we should have.
And that something smells on the revenue side.
Why even talking about revenue?
This ought to be all spending they're talking about.
But apparently they're not talking about serious course reversal, no serious steps to fend off what's coming.
Nobody's reporting it.
Nobody is reporting that the Republicans in the meeting are telling the president no more spending.
Okay, so he's okay.
Well, all right, Republicans are creatures of Washington.
What does Washington do?
It spends money.
That's what it thinks it has to do.
That's what the role of government is spend money.
That's how you please people.
That's how you pay people off.
It's how you buy their vote, whatever.
And we're of the impression, those days are gone now.
We don't have the money.
And we're under the impression that the people we elected in November know it.
And we're under the impression that people we elected in November are there to put the brakes on.
And to represent those who elected them in a huge landslide.
Always remembering that that November election result was an anti-Obama vote.
It wasn't so much a pro-Republican vote.
There wasn't a Republican message per se.
There wasn't a Republican personality or identity people could latch on to in that election.
We were talking House and Senate races.
Down ballots, state legislatures.
It was a slam dunk.
It was an overwhelming landslide.
And it was resulting from the Democrats, Reagan Democrats, and independents fleeing Obama.
That was an anti-Obama, anti-liberal, anti-Obama policy vote in November.
Those people haven't changed their minds.
Unemployment news today, you've heard it, 9.2%.
President with a pathetic announcement about it today.
All the CNBC and some other business channel experts were all predicting rosy economy by now.
They're all just eating crow left and right.
You've got David Plough.
Did you see this?
Obama's campaign ace in 2008 said, you know what, unemployment's not even going to be an issue in 2012.
It's not even going to be an issue.
You know why unemployment's not going to be an issue in 2012, folks?
You know why?
Essentially he said, because voters are stupid.
They don't care about anybody but themselves.
He said voters are going to be voting on their own circumstances.
And if their future looks good, they're not going to want to change anything.
They're not going to want to change horses in the middle of the stream.
Fine.
That's a crazy thing to say.
Who in the world in a majority does that include?
Is there a majority of Americans?
When I see a poll, 72% want a free market economy, not government run when 60 plus percent say they don't like the direction the country is going.
Where in the world does anybody from that get that Obama wins re-election?
Because people are comfortable and happy with their own personal circumstance.
Oh, yeah.
Unemployment rate doesn't matter.
Of course, you say that now that they figured out they're not going to be able to get it below 8%.
In fact, the Bureau of Labor Statistics played another little game starting this year.
In order to keep that number at 9.2%, not only are they monkeying around with the total number of jobs in the universe and reducing it.
They are now expanding from two years to five years, a statistic regarding the number of people unemployed.
I will explain that to you in detail as the program unfolds.
Also, there's a panic press release today from some commercial real estate people, trade people, that in the discussion yesterday, Obama, and by the way, he has made this official in 2009 budget documents he's presented That he wants to get rid of the carried interest tax break for hedge funds, private equity groups, and commercial real estate people.
Now, carried interest, I'm gave myself a challenge today.
You know, we make the complex understandable here.
What is it?
I gave myself a challenge.
They will explain carried interest inside of a minute.
And I think I've been able to do it.
But essentially, it is carried interest is profits for original investors in hedge funds, private equity firms, commercial real estate that is at present taxed at capital gains levels.
And they want to convert this to ordinary income, which would move it up to the 35 and then eventually 39.6 if Obama gets his uh tax increase wish, which would uh shut down commercial real estate investment.
It would just end it.
So I basically in less than a minute told you what it was.
Saying apparently these people in the commercial real estate industry are panicked that the Republicans are going to cave on that.
And I got that this morning in the email.
Then you got the corporate jet guys, they're panicked over what's planned there.
So something is clearly going on.
If you look at what Obama has achieved, his stimulus is now part of the baseline of every single budget.
He wants to slash defense, bye-bye NASA as of today.
There's talk about revenue being generated, and the Republicans are engaging in those talks when revenue shouldn't even be an issue.
Obamacare is not being discussed, and that's the biggest spending problem to come down the pike.
That's got to be defunded or repealed.
And that's not even being discussed.
And Obama's talking about spreading out budget cuts over more than a decade, meaning they will never occur.
So you, as a Congress, you agree to budget cuts today that'll happen in 2020.
Well, by the time the Congress of 2020 comes along, they're going to say, screw those guys in 2011, we're going to do what we want to do now.
So all these long-term out-year cut, they're never going to happen.
It's the same.
It's as old as the Democrat Party playbook.
And I don't know why the Republicans feel any pressure to do this.
What am I missing, folks?
What am I missing?
Where is the pressure?
I know there's media pressure on the Republicans.
What, snerdily?
I'm sorry.
Okay, so the pressure is that we have to expand the debt ceiling.
Because it's the responsible thing.
We don't raise the debt ceiling, we default.
That's the pressure.
Okay.
All right.
So who's saying that?
Who's saying that?
The media is saying that and Obama's saying that.
All right.
Well, I know, I know Boehner is saying, in fact, uh there's a political story here.
I'll find it.
I've got stuff scattered over different places here, but Boehner has said that we got to do this by August 2nd, or and we don't.
We don't.
We could lower the debt ceiling and still service the debt.
But I don't know how much of this is gamesmanship and trying to, you know, Obama being pressured by Boehner in a little reverse game here.
Regardless, they apparently the Republicans are feeling pressure in some place, but from the wrong place.
They're reacting to the wrong pressure, they're reacting to the wrong people.
Obama does the same thing every time.
The same thing every time.
Here's the here's I figured it out.
This is what happens.
In order to keep the public in the dark about what he's doing, and to bypass the usual legislative process, Obama waits until the last minute for everything.
He doesn't get involved in talks until the final moments.
Then when he does get involved, the meetings are in secret.
He comes out of the meetings framing the issues in some deal gets cut, and the public really has no idea what the details are until there is a vote.
This is how he operates.
This is how he undermines the legislative process, by the way.
This is how he how he controls the media spin.
This is how he deceives the public.
This is how he leads from behind.
And he only gets away with it because the Republican leadership is somehow caught constantly off guard and lets it happen.
Knowing full well that it's coming.
Now, on the other side, the Democrats are fit to be tied to.
Pelosi, when she heard that Social Security and Medicare cuts are part of what Obama's offering, she's flipping her wig, and so's David Rodham Gurgen.
We got sound bites of that to share with you.
This is why I am here, my friends.
To cut through all of this drivel, all of this bilge to get to the essence of what's being discussed and what's taking place.
Okay, that cool animation that I talked about with Google Earth is now available at Rushlimbaugh.com.
Coco Jr. got it up there.
It's in the orange banner at uh WWW.rushlimbaugh.com.
Um there's another element at play here, of course, and that's big money.
Who could Boehner Republicans be feeling pressure from?
McConnell.
It could be Wall Street types, could be um big money types who want you know that f for their world to function, have the debt ceiling raised, have no worries about credit ratings and bond ratings and all that.
It could very well be that that's where the um uh pressure that Boehner is feeling is coming from.
On the Democrat side.
This is um Bloomberg, President Obama lawmakers are considering cutting Social Security and increasing revenue by changing the way the government measures inflation.
Four senior congressional aides said lawmakers are discussing using an alternative yardstick to gauge inflation, known as the chained consumer price index, to determine annual cost of living adjustments for millions of Americans.
They're already using a weird cola adjustment to say they're in any inflation.
Social security recipients aren't getting cola adjustments now.
Because according to the current new formulation, there isn't any inflation.
Ha ha.
If you believe that.
So Pelosi.
Do we have time here?
Yeah, grab audio soundbite number 11.
Here's Pelosi warning Obama yesterday afternoon.
However the president represents it, I want him to have the room to do that and offer full cooperation to do that.
I also want to have full clarity about where House Democrats stand.
We do not support cuts in benefits for Social Security and Medicare.
Any discussion of Medicare or Social Security should be on its own table.
I have said that before.
Do you want to take a look at Social Security?
Then look at it on its own table.
But do not consider Social Security a piggy bank for giving tax cuts to the wealthiest people in our country.
We are not going to balance the budget on the backs of America's seniors, women, and people with disabilities.
Yeah, but Ms. Pelosi, what happens if these phantom cuts, which is what they would be anyway, because nobody's going to cut Social Security.
What if these phantom reported cuts can be blamed on the Republicans?
Two years before the 2012 election.
What if would you support it then?
That's what Obama's about here.
Nick Obama's gonna drag her and say, look, it you don't get it.
I'm surprised you're there.
Look at it, we're gonna end up the Republicans are gonna get blamed for this.
We've already got Ryan out there saying he wants to reform Medicare.
Half of the job's already done.
You did.
Think he'd talk to her that way.
Anytime I read stories of splits between Obama and the Democrats, and I said, wait just a second.
I'm not buying that either, my friends.
Too much to believe here.
It is Open Line Friday here on the EIB Network, hosted by me, Rush Limbaugh, the big voice.
On the right.
Which means I haven't gotten any phone calls this hour, and that's uh we usually try to get to phone calls in the first hour on Friday, so we will very soon coming up in the next hour, get to your calls.
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