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July 8, 2011 - Rush Limbaugh Program
34:10
July 8, 2011, Friday, Hour #3
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Time Text
Jobs Business Worse Than Reported 00:13:28
Ha, are you?
Welcome back, ladies and gentlemen.
The most listened to radio talk show in the country.
The Rush Limbaugh program.
America's Truth Detector.
America's Rio anchorman and the doctor of democracy.
On Friday.
Live from the Southern Command in sunny South Florida.
It's open line Friday.
One big, exciting hour left, folks.
Hosted by me.
You will be part of it.
Here's a phone number.
800-282-2882.
And the email address, illrushbo at EIBNet.com.
Now, this jobs business, folks, it's even worse than reported.
In the Reuters story today, look at me.
Look at me.
In the Reuters story today, buried in this article on the job numbers is this.
Contributing to the weak tenor of the report meeting today, the Labor Department said the economy created 44,000 fewer jobs in April and May than previously thought.
Now that is one heck of a downward revision.
44,000 fewer jobs created in April and May than previously thought.
What were the numbers in April and May?
How many jobs are created in April?
What was it?
The usual 23 or 25,000?
Folks, we're in negative territory here.
Buried in this story.
Contributing to the weak tenor of the report, practically whispering this.
The Labor Department said that the economy created 44,000 fewer jobs.
Don't tell anybody.
We have to report it.
It's all a bit limbo, can't you?
We got to report it.
By the way, Byron New York via Twitter.
John Boehner's office responds to Bill Crystal's prediction and Republicans will cave in the budget talks.
Boehner's spokesman said, well, that's clear as crystal.
No tax hikes.
Further from the DC Examiner, Boehner, no GOP won't cave in budget talks.
House Speaker Boehner's office pushing back against speculation that Republican negotiators will cave to Obama in talks on raising a national debt ceiling.
Every Republican's been clear as crystal.
No tax hikes, says a Boehner spokesman.
Tax hikes destroy jobs, and they cannot and will not pass the House.
That clear as crystal, but they're spelling that C-R-Y-S-T-A-L.
That formulation, I mean, that's no accident.
Crystal spells his name K-R-I-S-T-O-L.
That's clear as crystal.
So Boehner's office is pushing back.
Folks, that 44,000, this Reuters number, Labor Department said that the economy created 44,000 fewer jobs in April and May than previously thought.
That means they cut the numbers by half.
44,000.
Means they cut the numbers by half.
The May number alone was revised down by 25,000.
That cut the number of jobs added in May in half.
That means that this number today that we created 18,000 jobs, that's not true.
That's going to be revised.
They're just now telling us how bad they missed it in April and May.
The thing is, I don't have to tell you.
You know this.
Everyone's living this.
Everybody's living it.
I got a note here from a former member of Congress.
He doesn't give me permission to use his name, so I'm not going to.
If somebody doesn't grant me permission to use their name, I won't do it.
But he heard Vinny from Brooklyn call wanting to go, what is a tax loophole?
And we got into a discussion of definitions: tax break, tax loophole.
This guy's a Republican.
He said, Rush, Republicans always want to cut tax rates.
The standard Democrat mantra is: hey, I support tax cuts, but not this Republican tax cut.
I support targeted tax cuts.
Now, a targeted tax cut equals a loophole.
And then a few months later, they scream about the loophole that they created.
He said, there's an example in the stimulus bill.
The depreciation extension for aircraft from five to seven years.
Not one Republican voted for it.
In the Porculus bill, they extended the depreciation for aircraft from five years to seven years.
So now it's two years later, the Democrats are able to derail the discussion about cutting spending to closing loopholes for corporate aircraft, painting the Republicans as protecting their private airplane-owning friends and killing poor people.
But the Republicans had nothing to do with either creating the loophole, and they were blindsided six times in the president's press conference as seeking its continuance.
The Republicans, not one Republican voted for the stimulus, so not one Republican voted for the increase in depreciation for private aircraft in five, seven years.
And yet here's Obama running around just today or yesterday saying the Republicans' big buddies are corporate jet owners and his tax break.
He was the author of it or his Democrat buddies.
It's a public relations mastermind or masterpiece, and it's undermined only by me telling you about it.
A targeted tax cut, by the way, usually means a tax break for Democrats.
Don't forget, Teresa Hines-Kerry has a corporate jet.
John Kerry flies in it.
She owns it.
A lot of Democrats have corporate jets.
A lot of Democrats benefited from the extension in depreciation from five years to seven years.
So it's classic.
It's classic.
They go destroy the economy, accuse the Republicans of it.
They go create this tax break, this tax loophole, accuse the Republicans of doing the same thing.
You know that fast and furious, the gun-running thing?
Justice.gov website located on page 96 of a report on this program, 2009, February.
The Recovery Act signed into law allocated $10 million to ATF for Project Gunrunner.
That's the program.
Stimulus money paid for this is what has been discovered.
Stimulus money paid for Fast and Furious.
$10 million was allocated in the stimulus bill to buy machine guns and revolvers and let Mexican drug lords take them across the border back to Mexico and use them.
Stimulus money.
That's shovel-ready job stuff.
You remember that?
Right here it is.
2009 February Recovery Act signed into law allocated $10 million to ATF for Project Gunrunner.
2009 June Supplemental Appropriations Act of 2009 allocated an additional $6 million to the ATF for Project Gunrunner, which means we can trace the money back to Obama.
Or if you want, you can trace it back to Bite Me, who was put directly in charge.
But you can trace the money back to the Department of Justice.
They administered the program.
Stimulus money.
This is important because now there is a way to follow the money.
This is stunning.
Fast and Furious funded by the Porculus bill.
2010 August Emergency Border Security Supplemental Appropriations Bill of 2010 allocated $37.5 million to the ATF for Project Gunrunner.
Just a little over a year ago, another $37.5 million.
Just more money from Obama's stash.
So let's add it up.
$10 million in February 2009.
$6 million in June of 2009.
So that's a total of $16 million in 2009.
Then in 2010, $37.5 million.
So $53.5 million spent on this program to buy machine guns and revolvers.
$53.5 million, all taxpayer dollars.
Isn't that fascinating?
Back to the audio soundbites.
Last night, CNN's in the arena.
Had a fill-in host out there, a guy named Tom Foreman.
He spoke to Mr. Conventional Wisdom, David Rodham Gergen, about the federal debt negotiation deal and the talks.
Foreman said, look, when you've got a big Titanic war like this, you want people to be agreeable, but you also want them to represent their interests because they're supposed to represent the interests of a lot of people in the country, right?
Republicans are holding tight on this.
They feel very strongly no tax increases.
And so what's happened is the president is conceding more and more spending cuts, and now he's starting to, you know, promise entitlement reform, Medicare and Social Security.
You and I never thought we'd be talking about this now.
And progressive Democrats are saying, wait a minute, that's the issue we're going to run on.
We're going to run in 2012 as saying protect Medicare.
Nancy Pelosi said just the other day, there are three big issues for us in 2012.
Medicare, Medicare, Medicare.
Yeah.
The Democrats that have cut them or have cut it.
But anyway, David Rodham Gergen here is a little upset here because they've heard the fact that the White House might agree to cuts in Medicare and Social Security if Republicans go along with revenue increases elsewhere.
So Pelosi is worried about it.
David Rodham Gergen's worried about it.
Foreman then said, well, look, Harry Reid, too, Dingy Harry is getting in that bandwagon, so we got to protect this.
That compromises of Democrats, it takes them off the high road for 2012.
And I think what we're seeing is the president's interests in 2012 are not the same as members of the House and Senate, especially progressive Democrats.
The House and Senate people all want to run on, let's protect Medicare, let's protect Social Security from these terrible Republicans.
And so you've got a growing split now between a lot of the progressives.
Nancy Pelosi, I think it must be just furious about what she sees going on.
I wonder.
She probably, I don't know whether to believe you've got these guys talking about Democrats, whether they're actually furious as though they too are clueless about what Obama's doing.
It's kind of hard to believe.
But just notice in these sound base, notice how just automatically, oh, yeah, Republicans want to destroy Medicare and Social Security.
I mean, that's a given, right?
Well, yeah, that's a given.
The Democrats want to run on let's protect Medicare, let's protect Social Security, these terrible Republicans.
Oh, yeah, the Republicans, that's what they want to do.
They want to kill a program, right?
Everybody just assumes this.
See how easy it is?
Oh, yeah.
Republicans, sure, they want to end Medicare.
They want to end Social Security.
Oh, sure, absolutely.
No question about it.
I don't know, folks.
A guy that'll throw his own grandmother under the bus might not stop or think twice about throwing Pelosi under a bus, twice.
Bus Shelter Poster Placement 00:03:09
And he did.
He threw his own grandmother under the bus.
Yeah, she's a typical white woman, right?
Didn't he say that?
Typical white person.
He's a black guy.
Sees a black guy.
Oh, my God, I'm going to die.
You know, runs for the bus stop cover.
You know, my brother has his kids in the nation's capital.
David took his family to Washington, showed them the sites there.
My parents took David and I, David and me, to D.C. when we're about the age a lot of his kids are.
They're 18 down to five or six now.
And we bought some 2F by T posters at bus stops, where they have the kiosks at the shelters, the bus shelter you sit in if it's raining.
I'm getting people downtown D.C., we bought it there on purpose.
They're seeing these 2F by T, the Raspberry Red with me is Rush Revere.
We've got them all over town.
Yeah, we got a billboard all over.
We've got a billboard on the 405 out in Southern California.
Well, they're just going up.
They went up two weeks after we launched.
And David sent me a picture last night of the kids standing in front of one of these things in Washington, downtown Washington.
Yeah, it is.
It's cool.
Uncle Rush Revere.
It's the red raspberry of who?
Oh, the Committee for Creative Non-Video, the Homeless Guy.
Oh, put a poster on the sleeping grate.
Right.
Put a poster on the sleeping grate.
Now we've got them all over.
We've got one in Cleveland.
We've got billboards, I think in like 15 or 16 states.
And we've got these bus shelters in Washington.
And I'm getting people seeing these things and taking pictures.
Let's see.
What else?
Oh, folks, just before I go to the break, I want to get back to this Fast and Furious program.
Remember now, stimulus money.
Everything else going on to kind of gloss over this and we shouldn't.
Stimulus money was buying weapons for Mexican drug cartels by design.
That was its purpose.
I got to go.
We'll be back.
Okay, I found the picture that Davidson.
I just sent the picture up to Coco Jr., whose actual name is Dean.
It's a picture of my five nephews and nieces in front of a 2F by T Rush Revere, the Raspberry Poster.
It's in front of the Smithsonian.
Liberals, Rhinos, and Conservatives 00:12:34
That's where this bus shelter is.
Very, very, very nice placement.
Absolutely right.
Now, you don't see the Smithsonian in a picture, because the bus shelter is right there on the street.
And David took the picture so that you don't see the Smithsonian, but that's where he told me they were.
So that's what I put there.
I want to go back to David Rodemberg and this.
Notice how natural it is.
The Democrats want to run on Medicare, Medicare, Medicare.
The Republicans, those rascally Republicans, don't want to take it away from you.
And I listened to that, and as I note, you know how easy it is.
Oh, of course, that's what Republicans do.
They take Social Security away from old people.
They take Medicare away from old people.
Oh, yeah, that's what they do.
Yeah, right.
Easy, huh?
That's, yeah, everybody agrees with that.
Is David Gergen on this planet?
The so-called progressive Democrats who want to run on Medicare and Social Security are led by Pelosi, cut Medicare $500 billion in Obamacare.
Paul Ryan doesn't do anything to Medicare.
His plan doesn't affect current recipients of Medicare at all.
The Democrats, Obamacare, cut $500 billion from it, folks.
And by doing so, they're going to deny seasoned citizens their drugs and care.
It's the death panels.
The so-called progressive Democrats did that.
It's the same as Obama wailing and moaning about the depreciation schedule for corporate jets when the Republicans didn't even vote for it.
The Republicans didn't even propose it.
It is indicative of the height of utter incompetence and irresponsibility on the part of the media.
If there were such a thing, it'd be journalistic malpractice.
The way this stuff gets reported because it's all untrue.
everything they're saying about the Republicans.
Morning Bell today.
Heritage Foundation and Economy in Pack.
A panic.
Two items of note here.
The Morning Bell is the Heritage Foundation blog, and it's always great.
And there's this note, dovetails, is I was probably sound like I was complaining yesterday.
Why is it that when you learn two plus two is four, you remember it?
Why is it when you learn that tax cuts create jobs, you forget it?
If you want a comparison of what job growth could look like, go back to the 1980s Reagan recovery.
20 months into the Reagan recovery, the unemployment rate had dropped from 10.8% to 7.5%, 3.3% drop.
In contrast, under Faroe Obama, the unemployment rate has risen a full percentage point to 9.2% at his 20-month mark.
Comparisons.
The American people have Obama's big spending economic policies to thank for slowing the pace of recovery.
Paul Ryan explains how the president's debt-laden reliance on Keynesian interventions in the economy have helped put our economy in its current state.
Investors and businesses make decisions on a forward-looking basis.
They know that today's large debt levels are simply tomorrow's tax increases, tomorrow's interest rate increases, or inflation, and they act accordingly.
Which means they don't act.
Everyone said, well, Kendall, Greenville, North Carolina.
Hi, glad you waited.
Welcome to the EIB Network.
Mega Rush Baby Dittos, Rush from Jim to Meg Country.
Thank you, sir.
Rush, my question for you was, and I haven't been paying attention to politics for a real long time, but, you know, we know what liberals are.
We know what we get when we elect a liberal, i.e. Barack Obama.
That's right.
But what about the Rhinos?
You know, we elect these Republicans.
Olympia Snow, the list could go on and on.
My question is, in your mind, who's more dangerous, a liberal or a rhino?
Rhino.
Gut reactions, rhino.
I mean, it's it's because I would say that because just what you said, we know who the liberals are.
And so you know what you're getting with them.
So by definition, they are who they are.
The rhinos destroy the Republican brand.
The rhinos destroy what conservatism stands for.
The rhinos not only betray, they redefine.
You know, the rhino-Republicans are a bigger obstacle to the Republican Party being perceived as what it really is than the liberals are.
Now, if you want to talk which does the most destruction to an economy, I mean, it's hard.
They work together.
What is a Republican enabling?
What is a moderate Republican?
A liberal Republican.
So, you know, rhinos confuse the vote.
They destroy the GOP brand.
They're, to me, they do more damage to the Republicans than the liberals do.
Yes.
Well, and like you were talking earlier, Rush, you said what's behind, you know, Bill Crystal saying that the debt talks were going to go the Democrats' way.
And to me, it's what you say the bluebloods or the establishment, which is the same Dorinos to me.
And you had warned your listeners that if that does occur, the Republican Corporate Party would be no more, and you'd have a third party with the Tea Party.
But I consider myself Tea Party.
There's a handful of Republicans in the Senate and Congress that are conservatives, true conservatives.
What's the point of electing Republicans?
2010, what was the point?
I mean, there is no point, you know.
I just don't see how without the Tea Party or another influence that things will ever change.
Well, let me just tell you, let me just, I know where you're going with this, and I'm going to shut you down.
If you're thinking third party, forget it.
A, you're never going to have me supporting it.
B, you're never going to have me as a member of it, as an official functioning political party.
I am not going to willingly commit suicide.
And that's what a third, particularly if you try to do it for 2012.
Third, the Republicans have not caved yet.
Four, the conservatives that you mentioned that are in the House and the Senate are worth supporting.
The point is to take back the Republican Party.
Now I know why you're asking me a question about rhinos.
You're looking for you think Open Line Friday's trick the host day.
I got you.
Yeah, you're calling the first time.
You don't really pay much attention to politics.
Do you want me to think you're a doofus?
Then you come in here with this circuitous route trying to trick me into going, you're good out there, Kendall.
You're good.
And it might have worked with another host.
My congratulations to you.
It's a good effort.
I like your technique out there.
John in Daytona, Florida.
Welcome to the EIB Network.
Hello.
Hey, Rush.
Would it be wrong of me to say that Warren Buffett should butt out of the American economy?
Because at this point, I don't remember him being elected for anything.
And he doesn't have $12 trillion.
Well, no, because that would be like telling any citizen to butt out of it.
You can't tell me to butt out of it.
We are a representative republic.
He's on TV.
He can say whatever he wants.
He doesn't have to be right, but he can say what he wants.
He is confused everyone because I do respect his business sense.
And I wish I don't think he would run Berkshire Hathaway the same way.
He wouldn't run it 12.
No, no, he doesn't.
But the Kennedys didn't run their businesses the way they make everybody else run theirs.
The Liberals do not send their kids to public schools.
The Liberals are not out there driving battery-powered cars.
It's no different.
So you say, well, why do they do it?
Well, it's the age-old classic.
This is how they relate or try to make the average middle-class American think that they support them, that they've got their back.
It's no more complicated than that.
Pure and simple.
Now, where are you right?
Okay, Warren Buffett, I forget, $43 billion, $50 billion, and he and Gates and some of these other high rollers have signed this pledge to give all their money to Gates, basically, when they die.
Gates is charity.
Stop thinking of that.
That's fine, but don't tell me I have to.
If you don't want to keep what you've earned for your family when you pass away, that's fine.
But don't tell me that I have to give my estate away.
It's fine.
Now, there's one Democrat that ran his business like the Democrats do.
In other words, the Democrats don't send their kids to public schools.
The Democrats don't drive electric cars.
The Democrats don't do all these things that the Democrats are suggesting, particularly economically and physically, fiscally.
The Democrats do invest their money in Social Security, but they don't want you in the stock market.
The Democrats fly corporate judges.
The Democrats do all these wealthy, rich things.
They just don't want you to know about it.
There's one Democrat who ran his business like the government does.
And there have been lesser, but Bernie Madoff.
Bernie Madoff was the one Democrat who was solidly thorough from front to back, start to finish, top to bottom.
Bernie Madoff ran his business the exact way the Democrats run the government.
Folks, look, we took over the states with just conservative Republicans.
Look at Wisconsin, Ohio, some blue states.
And we did it with solid conservatives by defeating Rhino Republicans.
Tax Breaks and Anti-Cave Arguments 00:04:05
That's what needs to happen.
Not go third party.
You know what?
I got an email.
We got a Catherine just forwarded this to me, in fact, from the customer service wing at 2ifbytea.com.
Dear whoever, said the customer, this isn't really a question.
I'm not really sure where exactly to leave comments.
I just wanted you to know that you've done something nobody else could.
I actually loathe iced tea.
I mean, loathe it, not just dislike it.
I ordered a case of your Diet Raspberry 2 if by tea when I first heard about it because the purchase was for a good cause.
That's our sponsor, the Marine Corps Law Enforcement Foundation.
I figured that I'd give the tea away to my sisters when I saw them.
Not only did I drink the first case myself, I just ordered three more cases.
This tea is awesome.
The Diet Raspberry.
It is.
I got a bottle right here.
Chug it.
I'm thinking, if this tea is that powerful, I mean, somebody who loathes tea ends up loving it with ours.
Imagine what a case or a number of cases, if sent to the Republican leadership, would do.
Maybe we could have two if by tea, you'll never cave.
The anti-cave product, the anti-cave two if by tea.
Now think about it.
Fayetteville, North Carolina.
Hi, Joe.
Great to have you on the EIB network, Fort Bragg, right down the street.
Hello.
Hi.
Thanks for having me on the air.
I'm a Democrat Obama supporter.
And I wanted to call, I wanted to talk about Republican candidates, but something else comes real quick.
You're talking about the tax loopholes.
And I think your definition is wrong.
I don't think a tax loophole refers to just tax breaks and tax laws.
We say tax loop for your friends, you exploit of tax breaks, tax codes to reduce your tax liability.
For example, if there's a provision of the tax code that says that if you get divorced and you can reduce your, what you call it, your tax liability, a couple can go across the border to Mexico, file for divorce there, like on the 31st of December.
You know what I mean?
Come back to the U.S. That's the age-old marriage penalty.
And that's like the ARM.
That just ensnares everybody.
But, you know, you're wrong about, you know, you can sit there.
This is the problem with Democrats.
You revel in being wrong.
You've called here and you are proud to be wrong.
You've just told me that what I said a tax loophole is, isn't.
And it is.
I got no reason to lie to you.
I've got no reason to be wrong about it.
I define a tax loophole, a tax break, perfectly, flawlessly.
The corporate jet break is a loophole.
Yeah, it was a benefit to corporate jet owners in the depreciation schedule.
Obama put it in the stimulus bill.
It was written right into the stimulus bill.
Your stimulus bill, your shovel-ready jobs bill.
The tax loophole is not exploiting the law.
It is the law.
A tax loophole is not an end around.
You're proving the point of how the language distortion has worked.
You think you're right.
Can't Relate 00:00:52
You think you're a genius.
You think you call here, you're going to outsmart old El Rushbo, and you're proud to be wrong.
It's stunning.
I can't relate.
I revel in being right.
Some people revel in being wrong.
I don't know how it goes for you, but I can't relate to it.
Well, that's it, folks.
It's over.
Another exciting edition of Open Line Friday.
El Finito.
Big weekend coming up, and I hope you enjoy yours.
Whatever happens between now and then on Monday, we get back here.
Don't worry.
I'll know about it.
I'll research it.
I'll tell you about it.
And if you're lucky, as an added bonus on Monday, I will also tell you what to think about it.
Thanks so much for being with us today, and I can't wait for Monday.
See you then.
We do.
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