Rush Limbaugh Program - July 8, 2011, Friday, Hour #3 Aired: 2011-07-08 Duration: 34:10 === Jobs Business Worse Than Reported (13:28) === [00:00:00] Ha, are you? [00:00:03] Welcome back, ladies and gentlemen. [00:00:04] The most listened to radio talk show in the country. [00:00:09] The Rush Limbaugh program. [00:00:11] America's Truth Detector. [00:00:14] America's Rio anchorman and the doctor of democracy. [00:00:20] On Friday. [00:00:21] Live from the Southern Command in sunny South Florida. [00:00:25] It's open line Friday. [00:00:28] One big, exciting hour left, folks. [00:00:31] Hosted by me. [00:00:33] You will be part of it. [00:00:38] Here's a phone number. [00:00:40] 800-282-2882. [00:00:44] And the email address, illrushbo at EIBNet.com. [00:00:52] Now, this jobs business, folks, it's even worse than reported. [00:00:59] In the Reuters story today, look at me. [00:01:04] Look at me. [00:01:05] In the Reuters story today, buried in this article on the job numbers is this. [00:01:14] 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. [00:01:30] Now that is one heck of a downward revision. [00:01:35] 44,000 fewer jobs created in April and May than previously thought. [00:01:41] What were the numbers in April and May? [00:01:43] How many jobs are created in April? [00:01:45] What was it? [00:01:45] The usual 23 or 25,000? [00:01:47] Folks, we're in negative territory here. [00:01:52] Buried in this story. [00:01:54] Contributing to the weak tenor of the report, practically whispering this. [00:02:00] The Labor Department said that the economy created 44,000 fewer jobs. [00:02:05] Don't tell anybody. [00:02:06] We have to report it. [00:02:07] It's all a bit limbo, can't you? [00:02:08] We got to report it. [00:02:12] By the way, Byron New York via Twitter. [00:02:16] John Boehner's office responds to Bill Crystal's prediction and Republicans will cave in the budget talks. [00:02:23] Boehner's spokesman said, well, that's clear as crystal. [00:02:29] No tax hikes. [00:02:34] Further from the DC Examiner, Boehner, no GOP won't cave in budget talks. [00:02:39] House Speaker Boehner's office pushing back against speculation that Republican negotiators will cave to Obama in talks on raising a national debt ceiling. [00:02:51] Every Republican's been clear as crystal. [00:02:54] No tax hikes, says a Boehner spokesman. [00:02:56] Tax hikes destroy jobs, and they cannot and will not pass the House. [00:03:04] That clear as crystal, but they're spelling that C-R-Y-S-T-A-L. [00:03:10] That formulation, I mean, that's no accident. [00:03:14] Crystal spells his name K-R-I-S-T-O-L. [00:03:18] That's clear as crystal. [00:03:20] So Boehner's office is pushing back. [00:03:24] 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. [00:03:38] That means they cut the numbers by half. [00:03:41] 44,000. [00:03:44] Means they cut the numbers by half. [00:03:45] The May number alone was revised down by 25,000. [00:03:52] That cut the number of jobs added in May in half. [00:04:00] That means that this number today that we created 18,000 jobs, that's not true. [00:04:07] That's going to be revised. [00:04:10] They're just now telling us how bad they missed it in April and May. [00:04:16] The thing is, I don't have to tell you. [00:04:18] You know this. [00:04:19] Everyone's living this. [00:04:25] Everybody's living it. [00:04:28] I got a note here from a former member of Congress. [00:04:31] He doesn't give me permission to use his name, so I'm not going to. [00:04:35] If somebody doesn't grant me permission to use their name, I won't do it. [00:04:39] But he heard Vinny from Brooklyn call wanting to go, what is a tax loophole? [00:04:43] And we got into a discussion of definitions: tax break, tax loophole. [00:04:48] This guy's a Republican. [00:04:50] He said, Rush, Republicans always want to cut tax rates. [00:04:54] The standard Democrat mantra is: hey, I support tax cuts, but not this Republican tax cut. [00:04:59] I support targeted tax cuts. [00:05:02] Now, a targeted tax cut equals a loophole. [00:05:08] And then a few months later, they scream about the loophole that they created. [00:05:12] He said, there's an example in the stimulus bill. [00:05:17] The depreciation extension for aircraft from five to seven years. [00:05:22] Not one Republican voted for it. [00:05:25] In the Porculus bill, they extended the depreciation for aircraft from five years to seven years. [00:05:34] 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. [00:05:50] 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. [00:06:03] 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. [00:06:13] And yet here's Obama running around just today or yesterday saying the Republicans' big buddies are corporate jet owners and his tax break. [00:06:21] He was the author of it or his Democrat buddies. [00:06:28] It's a public relations mastermind or masterpiece, and it's undermined only by me telling you about it. [00:06:41] A targeted tax cut, by the way, usually means a tax break for Democrats. [00:06:44] Don't forget, Teresa Hines-Kerry has a corporate jet. [00:06:49] John Kerry flies in it. [00:06:51] She owns it. [00:06:55] A lot of Democrats have corporate jets. [00:06:58] A lot of Democrats benefited from the extension in depreciation from five years to seven years. [00:07:08] So it's classic. [00:07:10] It's classic. [00:07:11] They go destroy the economy, accuse the Republicans of it. [00:07:14] They go create this tax break, this tax loophole, accuse the Republicans of doing the same thing. [00:07:21] You know that fast and furious, the gun-running thing? [00:07:27] Justice.gov website located on page 96 of a report on this program, 2009, February. [00:07:46] The Recovery Act signed into law allocated $10 million to ATF for Project Gunrunner. [00:07:53] That's the program. [00:07:55] Stimulus money paid for this is what has been discovered. [00:07:59] Stimulus money paid for Fast and Furious. [00:08:04] $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. [00:08:22] Stimulus money. [00:08:23] That's shovel-ready job stuff. [00:08:25] You remember that? [00:08:27] Right here it is. [00:08:28] 2009 February Recovery Act signed into law allocated $10 million to ATF for Project Gunrunner. [00:08:35] 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. [00:08:54] Or if you want, you can trace it back to Bite Me, who was put directly in charge. [00:08:59] But you can trace the money back to the Department of Justice. [00:09:01] They administered the program. [00:09:03] Stimulus money. [00:09:07] This is important because now there is a way to follow the money. [00:09:11] This is stunning. [00:09:12] Fast and Furious funded by the Porculus bill. [00:09:19] 2010 August Emergency Border Security Supplemental Appropriations Bill of 2010 allocated $37.5 million to the ATF for Project Gunrunner. [00:09:33] Just a little over a year ago, another $37.5 million. [00:09:38] Just more money from Obama's stash. [00:09:43] So let's add it up. [00:09:44] $10 million in February 2009. [00:09:48] $6 million in June of 2009. [00:09:52] So that's a total of $16 million in 2009. [00:09:55] Then in 2010, $37.5 million. [00:09:58] So $53.5 million spent on this program to buy machine guns and revolvers. [00:10:07] $53.5 million, all taxpayer dollars. [00:10:14] Isn't that fascinating? [00:10:20] Back to the audio soundbites. [00:10:22] Last night, CNN's in the arena. [00:10:24] Had a fill-in host out there, a guy named Tom Foreman. [00:10:28] He spoke to Mr. Conventional Wisdom, David Rodham Gergen, about the federal debt negotiation deal and the talks. [00:10:39] 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? [00:10:49] Republicans are holding tight on this. [00:10:51] They feel very strongly no tax increases. [00:10:53] 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. [00:11:02] You and I never thought we'd be talking about this now. [00:11:05] And progressive Democrats are saying, wait a minute, that's the issue we're going to run on. [00:11:10] We're going to run in 2012 as saying protect Medicare. [00:11:14] Nancy Pelosi said just the other day, there are three big issues for us in 2012. [00:11:18] Medicare, Medicare, Medicare. [00:11:20] Yeah. [00:11:22] The Democrats that have cut them or have cut it. [00:11:25] 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. [00:11:39] So Pelosi is worried about it. [00:11:40] David Rodham Gergen's worried about it. [00:11:43] Foreman then said, well, look, Harry Reid, too, Dingy Harry is getting in that bandwagon, so we got to protect this. [00:11:48] That compromises of Democrats, it takes them off the high road for 2012. [00:11:53] 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. [00:12:03] The House and Senate people all want to run on, let's protect Medicare, let's protect Social Security from these terrible Republicans. [00:12:09] And so you've got a growing split now between a lot of the progressives. [00:12:14] Nancy Pelosi, I think it must be just furious about what she sees going on. [00:12:18] I wonder. [00:12:20] 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. [00:12:32] It's kind of hard to believe. [00:12:34] But just notice in these sound base, notice how just automatically, oh, yeah, Republicans want to destroy Medicare and Social Security. [00:12:41] I mean, that's a given, right? [00:12:43] Well, yeah, that's a given. [00:12:47] The Democrats want to run on let's protect Medicare, let's protect Social Security, these terrible Republicans. [00:12:52] Oh, yeah, the Republicans, that's what they want to do. [00:12:55] They want to kill a program, right? [00:12:59] Everybody just assumes this. [00:13:05] See how easy it is? [00:13:07] Oh, yeah. [00:13:08] Republicans, sure, they want to end Medicare. [00:13:12] They want to end Social Security. [00:13:13] Oh, sure, absolutely. [00:13:16] No question about it. [00:13:18] I don't know, folks. [00:13:19] 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 (03:09) === [00:13:28] And he did. [00:13:29] He threw his own grandmother under the bus. [00:13:32] Yeah, she's a typical white woman, right? [00:13:33] Didn't he say that? [00:13:35] Typical white person. [00:13:39] He's a black guy. [00:13:41] Sees a black guy. [00:13:42] Oh, my God, I'm going to die. [00:13:43] You know, runs for the bus stop cover. [00:13:49] You know, my brother has his kids in the nation's capital. [00:13:55] David took his family to Washington, showed them the sites there. [00:13:59] My parents took David and I, David and me, to D.C. when we're about the age a lot of his kids are. [00:14:05] They're 18 down to five or six now. [00:14:10] 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. [00:14:22] I'm getting people downtown D.C., we bought it there on purpose. [00:14:26] They're seeing these 2F by T, the Raspberry Red with me is Rush Revere. [00:14:31] We've got them all over town. [00:14:34] Yeah, we got a billboard all over. [00:14:37] We've got a billboard on the 405 out in Southern California. [00:14:44] Well, they're just going up. [00:14:46] They went up two weeks after we launched. [00:14:49] And David sent me a picture last night of the kids standing in front of one of these things in Washington, downtown Washington. [00:14:59] Yeah, it is. [00:15:00] It's cool. [00:15:01] Uncle Rush Revere. [00:15:05] It's the red raspberry of who? [00:15:16] Oh, the Committee for Creative Non-Video, the Homeless Guy. [00:15:19] Oh, put a poster on the sleeping grate. [00:15:23] Right. [00:15:24] Put a poster on the sleeping grate. [00:15:28] Now we've got them all over. [00:15:29] We've got one in Cleveland. [00:15:31] We've got billboards, I think in like 15 or 16 states. [00:15:36] And we've got these bus shelters in Washington. [00:15:42] And I'm getting people seeing these things and taking pictures. [00:15:47] Let's see. [00:15:48] What else? [00:15:50] Oh, folks, just before I go to the break, I want to get back to this Fast and Furious program. [00:15:55] Remember now, stimulus money. [00:15:58] Everything else going on to kind of gloss over this and we shouldn't. [00:16:01] Stimulus money was buying weapons for Mexican drug cartels by design. [00:16:08] That was its purpose. [00:16:11] I got to go. [00:16:12] We'll be back. [00:16:17] Okay, I found the picture that Davidson. [00:16:21] I just sent the picture up to Coco Jr., whose actual name is Dean. [00:16:27] It's a picture of my five nephews and nieces in front of a 2F by T Rush Revere, the Raspberry Poster. [00:16:36] It's in front of the Smithsonian. === Liberals, Rhinos, and Conservatives (12:34) === [00:16:38] That's where this bus shelter is. [00:16:42] Very, very, very nice placement. [00:16:45] Absolutely right. [00:16:45] Now, you don't see the Smithsonian in a picture, because the bus shelter is right there on the street. [00:16:53] And David took the picture so that you don't see the Smithsonian, but that's where he told me they were. [00:16:58] So that's what I put there. [00:17:01] I want to go back to David Rodemberg and this. [00:17:03] Notice how natural it is. [00:17:05] The Democrats want to run on Medicare, Medicare, Medicare. [00:17:08] The Republicans, those rascally Republicans, don't want to take it away from you. [00:17:13] And I listened to that, and as I note, you know how easy it is. [00:17:18] Oh, of course, that's what Republicans do. [00:17:20] They take Social Security away from old people. [00:17:23] They take Medicare away from old people. [00:17:24] Oh, yeah, that's what they do. [00:17:25] Yeah, right. [00:17:26] Easy, huh? [00:17:26] That's, yeah, everybody agrees with that. [00:17:30] Is David Gergen on this planet? [00:17:34] The so-called progressive Democrats who want to run on Medicare and Social Security are led by Pelosi, cut Medicare $500 billion in Obamacare. [00:17:47] Paul Ryan doesn't do anything to Medicare. [00:17:51] His plan doesn't affect current recipients of Medicare at all. [00:17:55] The Democrats, Obamacare, cut $500 billion from it, folks. [00:18:04] And by doing so, they're going to deny seasoned citizens their drugs and care. [00:18:11] It's the death panels. [00:18:16] The so-called progressive Democrats did that. [00:18:22] 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. [00:18:34] The Republicans didn't even propose it. [00:18:39] It is indicative of the height of utter incompetence and irresponsibility on the part of the media. [00:18:54] If there were such a thing, it'd be journalistic malpractice. [00:18:59] The way this stuff gets reported because it's all untrue. [00:19:02] everything they're saying about the Republicans. [00:19:11] Morning Bell today. [00:19:13] Heritage Foundation and Economy in Pack. [00:19:16] A panic. [00:19:18] Two items of note here. [00:19:20] The Morning Bell is the Heritage Foundation blog, and it's always great. [00:19:25] And there's this note, dovetails, is I was probably sound like I was complaining yesterday. [00:19:32] Why is it that when you learn two plus two is four, you remember it? [00:19:36] Why is it when you learn that tax cuts create jobs, you forget it? [00:19:42] If you want a comparison of what job growth could look like, go back to the 1980s Reagan recovery. [00:19:50] 20 months into the Reagan recovery, the unemployment rate had dropped from 10.8% to 7.5%, 3.3% drop. [00:20:02] In contrast, under Faroe Obama, the unemployment rate has risen a full percentage point to 9.2% at his 20-month mark. [00:20:16] Comparisons. [00:20:19] The American people have Obama's big spending economic policies to thank for slowing the pace of recovery. [00:20:25] 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. [00:20:36] Investors and businesses make decisions on a forward-looking basis. [00:20:42] 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. [00:20:55] Which means they don't act. [00:20:58] Everyone said, well, Kendall, Greenville, North Carolina. [00:21:01] Hi, glad you waited. [00:21:02] Welcome to the EIB Network. [00:21:05] Mega Rush Baby Dittos, Rush from Jim to Meg Country. [00:21:08] Thank you, sir. [00:21:09] 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. [00:21:19] We know what we get when we elect a liberal, i.e. Barack Obama. [00:21:23] That's right. [00:21:24] But what about the Rhinos? [00:21:27] You know, we elect these Republicans. [00:21:30] Olympia Snow, the list could go on and on. [00:21:33] My question is, in your mind, who's more dangerous, a liberal or a rhino? [00:21:39] Rhino. [00:21:44] Gut reactions, rhino. [00:21:45] I mean, it's it's because I would say that because just what you said, we know who the liberals are. [00:21:54] And so you know what you're getting with them. [00:21:58] So by definition, they are who they are. [00:22:02] The rhinos destroy the Republican brand. [00:22:05] The rhinos destroy what conservatism stands for. [00:22:09] The rhinos not only betray, they redefine. [00:22:17] You know, the rhino-Republicans are a bigger obstacle to the Republican Party being perceived as what it really is than the liberals are. [00:22:30] Now, if you want to talk which does the most destruction to an economy, I mean, it's hard. [00:22:37] They work together. [00:22:39] What is a Republican enabling? [00:22:41] What is a moderate Republican? [00:22:44] A liberal Republican. [00:22:48] So, you know, rhinos confuse the vote. [00:22:54] They destroy the GOP brand. [00:23:00] They're, to me, they do more damage to the Republicans than the liberals do. [00:23:08] Yes. [00:23:09] 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. [00:23:18] And to me, it's what you say the bluebloods or the establishment, which is the same Dorinos to me. [00:23:27] 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. [00:23:37] But I consider myself Tea Party. [00:23:41] There's a handful of Republicans in the Senate and Congress that are conservatives, true conservatives. [00:23:49] What's the point of electing Republicans? [00:23:51] 2010, what was the point? [00:23:53] I mean, there is no point, you know. [00:23:56] I just don't see how without the Tea Party or another influence that things will ever change. [00:24:04] 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. [00:24:10] If you're thinking third party, forget it. [00:24:17] A, you're never going to have me supporting it. [00:24:21] B, you're never going to have me as a member of it, as an official functioning political party. [00:24:28] I am not going to willingly commit suicide. [00:24:33] And that's what a third, particularly if you try to do it for 2012. [00:24:38] Third, the Republicans have not caved yet. [00:24:43] Four, the conservatives that you mentioned that are in the House and the Senate are worth supporting. [00:24:51] The point is to take back the Republican Party. [00:25:00] Now I know why you're asking me a question about rhinos. [00:25:04] You're looking for you think Open Line Friday's trick the host day. [00:25:09] I got you. [00:25:10] Yeah, you're calling the first time. [00:25:12] You don't really pay much attention to politics. [00:25:15] Do you want me to think you're a doofus? [00:25:17] Then you come in here with this circuitous route trying to trick me into going, you're good out there, Kendall. [00:25:25] You're good. [00:25:26] And it might have worked with another host. [00:25:30] My congratulations to you. [00:25:32] It's a good effort. [00:25:34] I like your technique out there. [00:25:35] John in Daytona, Florida. [00:25:37] Welcome to the EIB Network. [00:25:38] Hello. [00:25:39] Hey, Rush. [00:25:40] Would it be wrong of me to say that Warren Buffett should butt out of the American economy? [00:25:45] Because at this point, I don't remember him being elected for anything. [00:25:48] And he doesn't have $12 trillion. [00:25:51] Well, no, because that would be like telling any citizen to butt out of it. [00:25:57] You can't tell me to butt out of it. [00:26:00] We are a representative republic. [00:26:02] He's on TV. [00:26:03] He can say whatever he wants. [00:26:05] He doesn't have to be right, but he can say what he wants. [00:26:08] He is confused everyone because I do respect his business sense. [00:26:12] And I wish I don't think he would run Berkshire Hathaway the same way. [00:26:16] He wouldn't run it 12. [00:26:17] No, no, he doesn't. [00:26:20] But the Kennedys didn't run their businesses the way they make everybody else run theirs. [00:26:24] The Liberals do not send their kids to public schools. [00:26:28] The Liberals are not out there driving battery-powered cars. [00:26:33] It's no different. [00:26:36] So you say, well, why do they do it? [00:26:38] Well, it's the age-old classic. [00:26:40] 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. [00:26:49] It's no more complicated than that. [00:26:55] Pure and simple. [00:26:56] Now, where are you right? [00:26:56] 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. [00:27:12] Gates is charity. [00:27:13] Stop thinking of that. [00:27:20] That's fine, but don't tell me I have to. [00:27:24] If you don't want to keep what you've earned for your family when you pass away, that's fine. [00:27:29] But don't tell me that I have to give my estate away. [00:27:38] It's fine. [00:27:39] Now, there's one Democrat that ran his business like the Democrats do. [00:27:48] In other words, the Democrats don't send their kids to public schools. [00:27:52] The Democrats don't drive electric cars. [00:27:54] The Democrats don't do all these things that the Democrats are suggesting, particularly economically and physically, fiscally. [00:28:03] The Democrats do invest their money in Social Security, but they don't want you in the stock market. [00:28:09] The Democrats fly corporate judges. [00:28:11] The Democrats do all these wealthy, rich things. [00:28:15] They just don't want you to know about it. [00:28:17] There's one Democrat who ran his business like the government does. [00:28:28] And there have been lesser, but Bernie Madoff. [00:28:35] Bernie Madoff was the one Democrat who was solidly thorough from front to back, start to finish, top to bottom. [00:28:45] Bernie Madoff ran his business the exact way the Democrats run the government. [00:28:56] Folks, look, we took over the states with just conservative Republicans. [00:29:02] Look at Wisconsin, Ohio, some blue states. [00:29:08] And we did it with solid conservatives by defeating Rhino Republicans. === Tax Breaks and Anti-Cave Arguments (04:05) === [00:29:12] That's what needs to happen. [00:29:14] Not go third party. [00:29:17] You know what? [00:29:18] I got an email. [00:29:20] We got a Catherine just forwarded this to me, in fact, from the customer service wing at 2ifbytea.com. [00:29:31] Dear whoever, said the customer, this isn't really a question. [00:29:36] I'm not really sure where exactly to leave comments. [00:29:39] I just wanted you to know that you've done something nobody else could. [00:29:42] I actually loathe iced tea. [00:29:46] I mean, loathe it, not just dislike it. [00:29:51] 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. [00:29:58] That's our sponsor, the Marine Corps Law Enforcement Foundation. [00:30:01] I figured that I'd give the tea away to my sisters when I saw them. [00:30:05] Not only did I drink the first case myself, I just ordered three more cases. [00:30:10] This tea is awesome. [00:30:12] The Diet Raspberry. [00:30:13] It is. [00:30:13] I got a bottle right here. [00:30:16] Chug it. [00:30:18] I'm thinking, if this tea is that powerful, I mean, somebody who loathes tea ends up loving it with ours. [00:30:27] Imagine what a case or a number of cases, if sent to the Republican leadership, would do. [00:30:35] Maybe we could have two if by tea, you'll never cave. [00:30:41] The anti-cave product, the anti-cave two if by tea. [00:30:46] Now think about it. [00:30:48] Fayetteville, North Carolina. [00:30:49] Hi, Joe. [00:30:50] Great to have you on the EIB network, Fort Bragg, right down the street. [00:30:54] Hello. [00:30:55] Hi. [00:30:55] Thanks for having me on the air. [00:30:57] I'm a Democrat Obama supporter. [00:31:00] And I wanted to call, I wanted to talk about Republican candidates, but something else comes real quick. [00:31:10] You're talking about the tax loopholes. [00:31:12] And I think your definition is wrong. [00:31:14] I don't think a tax loophole refers to just tax breaks and tax laws. [00:31:19] We say tax loop for your friends, you exploit of tax breaks, tax codes to reduce your tax liability. [00:31:28] 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. [00:31:48] You know what I mean? [00:31:48] Come back to the U.S. That's the age-old marriage penalty. [00:31:55] And that's like the ARM. [00:32:01] That just ensnares everybody. [00:32:05] But, you know, you're wrong about, you know, you can sit there. [00:32:08] This is the problem with Democrats. [00:32:11] You revel in being wrong. [00:32:13] You've called here and you are proud to be wrong. [00:32:19] You've just told me that what I said a tax loophole is, isn't. [00:32:22] And it is. [00:32:23] I got no reason to lie to you. [00:32:25] I've got no reason to be wrong about it. [00:32:28] I define a tax loophole, a tax break, perfectly, flawlessly. [00:32:34] The corporate jet break is a loophole. [00:32:40] Yeah, it was a benefit to corporate jet owners in the depreciation schedule. [00:32:46] Obama put it in the stimulus bill. [00:32:47] It was written right into the stimulus bill. [00:32:49] Your stimulus bill, your shovel-ready jobs bill. [00:32:58] The tax loophole is not exploiting the law. [00:33:02] It is the law. [00:33:05] A tax loophole is not an end around. [00:33:08] You're proving the point of how the language distortion has worked. [00:33:14] You think you're right. === Can't Relate (00:52) === [00:33:18] You think you're a genius. [00:33:19] You think you call here, you're going to outsmart old El Rushbo, and you're proud to be wrong. [00:33:24] It's stunning. [00:33:26] I can't relate. [00:33:28] I revel in being right. [00:33:30] Some people revel in being wrong. [00:33:31] I don't know how it goes for you, but I can't relate to it. [00:33:38] Well, that's it, folks. [00:33:39] It's over. [00:33:41] Another exciting edition of Open Line Friday. [00:33:45] El Finito. [00:33:48] Big weekend coming up, and I hope you enjoy yours. [00:33:52] Whatever happens between now and then on Monday, we get back here. [00:33:55] Don't worry. [00:33:56] I'll know about it. [00:33:57] I'll research it. [00:33:59] I'll tell you about it. [00:34:01] And if you're lucky, as an added bonus on Monday, I will also tell you what to think about it. [00:34:06] Thanks so much for being with us today, and I can't wait for Monday. [00:34:09] See you then. [00:34:10] We do.