All Episodes
Previous Next
July 12, 2011 - Rush Limbaugh Program
37:00
July 12, 2011, Tuesday, Hour #1
| Copy link to current segment

Time Text
Welcome to today's edition of the Rush 24 7 Podcast.
You can see what's happening here now.
The uh latest round of debt negotiations at the White House is scheduled for 345.
You can see what's Obama does not offer anything specific in public, just says, come on back up here, boys, and be the obstructionists that you are.
The Republicans need to stop going.
This you can see what the plan is here.
You can see what's happening as the attempt to get these guys to cave is well underway.
And by the way, you know the there there's this, and hi, how are you, Rush Limboy?
You know that, EIB network, you know that telephone number, you know that.
Uh 800-282-2882.
There's already a story out there that now there's uh in fighting on the Republicans.
Cantor and Boehner not getting along.
That's that's all part of the plan.
And it won't be long.
Uh ladies and gentlemen, you know how we've often told you that Supreme Court decisions when they're really key, the Washington Post style section to go out and do a big puff piece on one of the justices, usually Anthony Kennedy or somebody ought to left to make sure they do the right thing.
Don't be surprised if down the road there isn't a puff piece on some Republican in the House or the Senate who opposes Boehner.
And the point is that Boehner's supposed to read that and say, gee, I wish I could get coverage like that.
Gee, I wish they like me like that.
Gee, how come these I mean I'm I'm doing heavy lifting and they're not rewarding me, all I'm getting is grief.
That's that's what's underway here.
In the meantime, does anybody know?
Do any of you have any idea what Obama's specific proposal is?
No, no, I said specific.
I don't want to hear shared sacrifice, and I don't want to hear balance, uh balanced approach.
I want to know, does anybody know?
What Obama has proposed.
As Obama announced that he'll accept X number in cuts.
Has Obama is there any specific from Obama or anybody in the White?
There is not, is there?
The Republicans are offering specifics, and I said, oh, no, no, it doesn't work.
No, no, we gotta have shared sacrifice.
No, no, no, no, we need a balanced approach.
I think if if I'm Boehner, I say I'm we're stopping up, we're not, we're not coming up here anymore until until you go public with what your specifics are.
Till the American public knows what you want.
Because I'm sick and tired of coming up here and uh and being your whipping boy.
And by the way, Mr. President, I am not going to be your lifeline to re-election.
Because that's that's like I said yesterday, when they get in this room, uh Barack Hussein Obama looks at Boehner and he says, My lifeline.
I get this guy to cave, I get re-elected.
And that's all this is about.
You know, I'm gonna ask it again.
Why have a debt limit if it doesn't matter?
Every time we approach one, we get this damn crisis, we gotta raise it.
Why have one in the first place?
Why have a debt limit?
Why not just get rid of it?
Why not just say, you know what?
We never stay within the limit.
There is no limit.
We're just gonna get rid of this number's arbitrary.
This number B. The new debt limit that they're talking about will get us through another 13 months.
And we'll be back here again in the middle of the presidential campaign.
I I just uh you know look at this headline from the Hill.
Debt ceiling talks hit brick wall as Obama GOP trade jobs.
Isn't that what a debt ceiling is supposed to be?
Is it Dawn?
Isn't it supposed to be a brick wall?
That's what the debt limit we're not going to exceed this.
If it isn't, why even bother to have one?
Why go through all of this?
We go through all of this to eventually embarrass and defeat the Republicans.
That's why we go through all of this.
Now, Boehner's done great so far.
The Republicans have done great.
But you can see.
You can see what the plan is here.
I know exactly what.
When I saw that story, Cantor and Boehner in fighting this.
You just know what's coming next.
And uh yeah, the only specific is getting rid of the corporate jet deduction and uh some of the we don't have any specifics from Obama.
Nobody knows what he's he gets to sit up there after running up all this debt, after breaking the bank, after destroying the U.S. economy, he gets to sit up there like he had nothing to do with any of this and gets to play the adult while the kids who broke it come in here and have to fix it with his approval.
And frankly, my friends, since he's the least experienced guy in any room he walks into, and thus the most incompetent guy in any room he walks into, I don't like this setup, bugs me.
Remember now, as we go through all this, the Democrat Party is the party of John Kerry and Charlie Wrangle.
That's the party lecturing us on the importance of shared sacrifice of everybody paying their fair share in taxes.
John Kerry goes by the sailboat yacht, parks it in Rhode Island where he doesn't have to pay any taxes on it until he gets caught.
And he mumbles about, no, I always intended to pay taxes.
It's like a stupid and then pays it.
And Wrangle doesn't pay taxes for years because I don't have to.
Gets caught.
Doesn't matter.
This is the party.
And I can come up with probably other Democrat examples, not paying their fair share.
Well, yeah.
Treasury Secretary little Timmy, the tax cheat.
And now he's demanding a deal.
He's a Treasury Secretary demanding a deal by Thursday.
Demanding little Timmy.
Little Timmy's Charlie Brown.
You ought to be Charlie Brown Boehner's Lucy.
The little Timmy demanding a deal.
I didn't know Treasury Secretaries could do that.
Ladies and gentlemen.
I know that after the next five or six minutes or so, I will never ever work or appear or have anything to do with anybody at NBC.
Well, they, you know, they still own a portion of it, Comcast owns majority, but uh GE's, I think GE still owns some of NBC, right?
I think they do.
Well, their CEO of GE, Jeffrey Immelt, sits on Obama's private sector job creation council.
And Emilt has come out with a speech, he was, where was he?
A summit, jobs summit at the U.S. Chamber of Commerce yesterday.
And he said, businesses need to take the lead on job creation.
And furthermore, Jeffrey Immelt, the CEO of General Electric and now a minority owner of NBC says that businesses need to stop complaining about government.
This is the guy who runs a company with five, what was it, billion dollars in profit and paid no federal income tax.
Now I have an idea.
Let Obama give every company in America the same tax breaks that he's given General Electric.
And let's see how many people they hire.
If you tell every American business, hey, you know what?
No taxes.
Earn whatever you want, wherever you want to earn it.
No income taxes.
You think they might start hiring people.
So it's easy for Imelt to sit up there and tell businesses at a Chamber of Commerce Job Summit to stop complaining about government.
He's got no complaints with government.
But telling all these other people to stop complaining about Obama and Emilt, you know what they're like?
They're like a couple of radical Islamic imams telling these business owners to go out and sacrifice themselves for the cause.
They're bringing them into the uh into the into the room and they're and they're saying, here's the cause.
You guys, you go out, blow yourselves up, destroy your businesses, and you win it, go out and hire people.
Do you think that if businesses could expand by hiring more employees, if that was the magic bullet going out and hiring workers was the ticket to profits.
If hiring workers, new workers was the ticket to expansion, don't you think they would do it.
No, they're not doing it because it's not the ticket to new profits by itself.
That comes after expansion and growth.
That's when you start hiring people to keep up with the new demand.
It's what's happening to us at twoifyt.com.
But I'm telling you, this is this is this is absurd.
A guy running a company, $5 billion profits, paying no taxes, tells everybody else at Chamber of Commerce to stop complaining about business.
Government, and then says go out and start hiring people.
Look, business owners are not going to kill our businesses just so Obama's approval numbers will go up.
And they're not going to out and kill their businesses just so Immelt looks like he knows what he's doing with Obama's commission.
Now I happen to look something up.
I'm holding what I looked up right here, my formerly nicotine-stained fingers.
I found it at uh CNN Money.com.
CNN Money publishes what it calls the Global 500.
Counting down here about two minutes, and I will never probably set foot inside a NBC property.
No, well, I'm gonna, if you think I just did it, no, no, no, I have no no no.
If you think that's bad, you do.
Okay, what do we have here?
They got Jeff Immelt, runs uh NBC, well, doesn't run it anymore.
Minority stakeholder, General Electric, Obama's private sector job commission, chamber of commerce telling these uh business people stop complaining about the government, go out and hire people.
Pays no taxes, easy for him to not complain, right?
Go hire people.
It's up to you.
Go out and get more workers on the payroll.
Jeff Emilt, CEO, General Electric.
CNN Money publishes what it calls a global 500.
It's a snapshot of the country's largest companies.
One of the quick facts they note is the number of employees.
I want to look at what is the trend, what's the hiring trend at General Electric?
In 2009, CNN Money ranked GE number 12 out of a global 500 with 323,000 employees.
In 2010, they were ranked 13, dropped a point for number 12, and they had 304,000 employees.
So Mr. Immelt got rid of 19,000 employees from 2009 to 2010.
So I kept looking.
2011, rank 16.
in.
Employees, 287,000.
So I didn't do the math here, but in 2009, we're at 323.
This year, 287,000.
Let's see, that's uh 13, and it's uh 30.
Why, look at this.
Since 2009, GE has reduced its payroll by 36,000 employees while paying no taxes on $5 billion of income, its CEO tells businesses at the U.S. Chamber of Commerce to stop complaining about government, start hiring people while he is firing people.
And we'll be back.
Still alive and breathing, Rush Limbaugh still behind a golden EIB microphone serving humanity.
Simply by showing up.
Happy to have you with us.
Telephone number again if you want to be on the program is 800 282-2882.
Did you get that set up in their own way?
All right.
Marco Rubio, Senator Florida, who has been saying some wonderful things from the floor of the Senate.
Boehner even quoted him yesterday.
We don't need new taxes.
We need new taxpayers.
Senator Marco Rubio on the program in about 50 minutes.
50, 55 minutes.
I'll tell you why.
You know, I can sit here all day and say this stuff, and nobody says it better.
But we need elected Republicans on the round.
We need powerful elected Republicans saying this stuff as well.
Publicly with as uh uh loud an amplification as we can provide.
I'm looking for I've not spoken to Senator Rubio before.
I've uh chatted back and forth email wise, but never on the phone.
So it'll be a first.
Senator Marco Rubio and Senator McConnell.
Mitch McConnell, a Republican leader in the Senate.
From the Wall Street Journal, McConnell says real deal not possible with Obama.
Now that I don't know the Senate has anybody in these meetings.
But McConnell actually said, I mean, you don't walk back from this.
Listen to this.
A real solution to U.S. fiscal problems isn't possible as long as Barack Obama remains in office.
Mitch McConnell said uh today, heightening the rhetoric surrounding the debt ceiling debate.
I don't know how you walk back from that.
You go say something like that, you are committed to it.
That's not something you um tell the Washington Post tomorrow, you know what?
Well, wait a minute.
I mean, you guys, I guess you could tell the Washington Post I wasn't thinking.
You wouldn't.
I mean, you don't walk this back.
A real solution's not possible as long as Obama's in office.
McConnell said he had gone into negotiations in good faith over how to formulate a deficit reduction package to accompany an increase in the debt limit.
Quote, but after years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is unattainable.
And he said it on the floor.
He said it on the Senate floor.
It isn't possible.
A real solution isn't possible.
With Obama in the Oval Office.
The New York Times.
See, this is this is all this this story also part of the plan that the left, the Democrats, the White House, the Democrat Party to media have.
Obama grasping centrist banner in debt impasse.
Jackie Kalmas writing in the New York Times seeking to shed the image of big government liberal that Republicans used effectively against him last year.
They were only able to use it, by the way, because it works.
Because it's true.
Calling him a big government liberal was actually being nice.
Calling Barack Obama a big government liberal is downplaying.
Well, he is.
Seeking to shed the image of big government liberal that Republicans used effectively against him last year.
He has made or offered policy Compromises on an array of issues and cast himself in the role of the adult referee for both parties' gamesmanship or the parent of stubborn children.
Yeah, and he hasn't offered diddly squat.
He hasn't offered any policy compromises.
What are they?
Somebody tell me.
Somebody tell me what Obama's compromises are.
And don't say shared sacrifice.
By the way, do you think we've maybe sacrificed enough as it is?
What do you call 9.2% unemployment?
What do you call real unemployment of close to 17%?
What do you call losing the value of your home?
What do you call all of what's happened to way too many Americans?
What do you call that if it's not sacrifice?
Where's the shared sacrifice from government?
Where's the shared sacrifice from Obama?
There isn't any.
All of this is poppycock.
Republicans need to say, give us something specific or we're not going up there anymore.
I do...
All we are saying is give peas a chance.
It's about as specific as he's gotten.
Give peas a chance.
Hi, welcome back, Rush Limbaugh, New York Times, Obama grasping centrist banner in debt impasse.
He has made or offered policy compromises on an array of issues.
He has not offered an array of anything.
The New York Times is going back at 2008, and they're using that blank, uh blank canvas that is Obama, and they're putting up centrist colors on it.
And you know why?
I'll tell you why, folks.
It's really hard to paint over a failed economic stimulus and a failed health care reform, failed to deliver on its promise, but they are trying.
We're looking at an abject failure, getting a run around here as the only adult in the room.
Look, I know I got a lot of people reminding me, hey, McKee McConnell is channeling you.
You you said there can be no real change until we change the occupation White House yesterday.
I know I said that.
I I don't know that McConnell listens to the program.
Maybe channeling me for what I don't care.
He said it.
He said there's no real solution to any of this.
As long as Obama's in the Oval Office, he said on the floor in the Senate, you don't walk that back, that's look, Republicans don't say that kind of stuff.
What would they do?
And when it's the right thing to say, you got to give them credit when they say it.
Thank you.
I know Obama's plan boils down to one thing.
It's what the Democrat plan always is, make the Republicans raise taxes.
By the way, do you know that there's a blogger?
I think it's a blogger.
Yeah, here it is.
Um Virum Serum.com.
Somebody named Morgan, M O R G E N. If a tax increase is key to any deal, why didn't the Democrats raise taxes any of the last six times they raised the debt limit?
Did you know that?
Did you know that the last six times we raised the debt limit, we did not raise taxes, and the Democrats didn't demand it.
So even here, we are in uncharted territory.
Now when I got in today, started working on prepping the program.
Well, continued prep from last night, I see flashed all over the media talks breakdown.
Talks break down.
Folks, these talks have never started.
Obama never got these talks started.
There are no talks.
It's the Republicans offering specifics and Obama saying no.
And then going out and calling a press conference or a media appearance.
Act like the adult.
As usual, Obama waited at the last minute.
He's made absurd demands that would play to his crazed deranged base, but would I mean irresponsibly damage the Economy and destroy businesses and jobs.
That's what he's done.
That's what has happened up till now.
That's what he wants more of.
And he positions himself politically every day.
What talks?
This is a mirage.
It's a head fake, a joke.
There are no talks.
There are meetings, they get together, nothing happens.
All part of the grand scheme.
Look, let me put something in perspective here for you.
I have said that Obama wants to destroy this economy.
I start when I said I hope he fails, now you know what I meant.
He has succeeded in destroying the economy.
He has successfully implemented a boatload of liberalism and socialism on our country.
And I didn't want that to happen.
So I said I hope he fails.
And I said, I remember I told Chris Wallace on Fox News Sunday.
In addition to telling you from behind this golden EIB microphone, that I thought he wanted to destroy the economy.
That I thought this was purposeful.
Now he has said he wants to change it.
He doesn't, he doesn't, of course, say he wants to destroy it.
He just says he wants to change it.
Okay, so I've said he wants to destroy it.
He said he wants to change it.
If there is a collapse or a default, it's something that he wants and has planned.
Wow, Rush, that's really a tough thing as well.
Look, folks, he has the ability to prevent what he's predicting.
That's another quite obvious reality underneath the surface.
He has the ability to prevent what he's predicting.
Collapse, default.
His demands that sensible, rational elected officials join him in destroying jobs and businesses by increasing taxes on wealth creation in the middle of a recession.
That's that's irrational.
As a substantive matter, it is irrational.
And that's what he's demanding the Republicans do.
Join him in destroying jobs and businesses.
So, yeah, I stand by it.
He wants to.
And if the Republicans go along at some point, they're contributing to the destruction of our economy.
But I think I think Obama is betting if they don't go along, he can crash the system anyway and blame it on them.
He knows he can get the media to blame them.
He knows he can get Debbie Blabbermouth Schultz and the people over at DNC to join him.
He knows he has deranged base will blame the Republicans.
So he's figuring that if they don't go along and help him destroy it, he'll do it anyway, and then blame it on them.
Because he knows, and we know, that the Republicans will be attacked by the media, and they'll have a difficult time dealing with it, particularly if at the same time the media, as I mentioned, is doing a puff piece or two on some Republicans who agree with Obama.
Or let's let me a puff piece on a couple of Republicans who disagree with Bahner.
Let's let's leave it to them.
Maybe you don't have to go out and go so far as to agree with Obama, but a couple of courageous Republicans in the House in the Senate can be found by the Washington Post of the Boys at Politico and bunch of puff pieces on these people disagree with Obama, thereby illustrating how if you're a Republican, you get fawning press coverage.
You simply trash your own party and its leaders.
That's what we face here.
That's where we are.
I mean, I'd stop going up there.
What's the point?
There aren't any specifics of Obama.
Well, but Rush, but Russia, if they do that, they're gonna look like they already do, don't they?
Isn't that what the media is trying to, the media's already making them out to be the uh obstructionists?
That's there's nothing new in that.
They always are.
I mean, that's these guys talking about, of course we gotta raise the debt limit, of course it's gonna be sacrificed, blah, blah, blah, blah.
They gotta, you know, these are these are magic political words, image-wise.
Obama said that he was um gonna create 200,000 jobs a month.
My question is, Mr. Obama, why did you stop?
We're at only 18,000 a month.
You said 200,000.
Why did you stop creating jobs?
Yep, using the GOP as uh as extras.
Using the GOP leaders as extras.
Listen to this.
This sort of illustrates what I'm talking about.
We have a montage here from the state control media.
Illustrating my point that Obama is outsmarting the Republicans and triangulating in these never-ending reports on television to Republicans, they watch TV, they're supposed to see this, it's supposed to demoralize them.
The president went before the cameras this morning using his home field advantage at the White House to push his side of the argument.
The president is winning the process fight.
It seems the president is winning that basic argument, preparing the Obama message for 2012.
And Republicans concede privately is doing a much better job of it.
The president clearly is willing to triangulate.
That's kind of triangulation.
We're seeing a rerun of Bill Clinton in the 1990s all over again.
Triangulation.
This was full on triangulation.
It may be in the end that Obama ends up being the smartest guy after all.
See?
Exactly what's shaping up here.
And meanwhile, it's Obama who's losing his shirt.
It's Obama who's in a state of panic.
The Republicans don't have to do anything.
Pure and simple.
I hope they know that.
This morning on CNN's American Morning, Kieran Chetry, co-host, spoke with James Carville about the debt negotiations.
She said the president's in a tough position right now.
How does he sort of find a way to reconcile this with the countdown ticking?
I think a lot of Republicans want to shut the government down.
The majority of American people want a government shutdown, and a big majority of Republican Congress.
He listened to Rush Rembo.
A lot of the Titans of the Republican Party, they said it doesn't matter if you shut the government down.
My own feeling is we're probably gonna get one.
My guess is is I hope I'm wrong.
Put it this way.
I hope that the experts are wrong because they say a shutdown would be a disastrous thing.
But I think they're gonna go ahead and shut it down.
I really do.
You're gonna have plenty of gumbo.
There isn't going to be a shutdown.
A default is not a shutdown, and there's not gonna be a default.
Gotta take a break.
We'll be back.
You know what?
Let's grab some phone calls when we come back, just to uh shake it up a bit.
I apologize.
I did not know that Boehner had said this today.
This is this morning in Washington.
Uh Bahner held a press conference, and had this to say about the debt negotiations.
The fact is that House of Republicans have a plan.
We passed our budget back in the spring, uh, outlined our priorities.
Where's the president's plan?
When's he gonna lay his cards on the table?
This uh debt limit increase is his problem, and I think it's time for him to leave by putting his plan on the table.
Uh something that the Congress can pass.
Well, well, okay now you put you you lay the marker down, you you better be in concrete.
It's like McConnell saying on the floor of the Senate, no real solution possible.
With Obama in the White House, echoing what I said yesterday.
And here's what the Democrats have.
Despite all this BS in the media about Obama winning with triangulation, winning at the end of the day.
This is all BS.
Everything in the media about Obama in the lead and winning this is as BS as anything in the media ever has been.
And don't doubt me and don't be swayed by it, and don't go getting all depressed and call me about it, because it's just a bunch of it's it's it's spin.
Directly from the White House.
Here's Chuck Yu Schumer on the Senate floor from this morning.
A budget agreement cannot be considered bold or comprehensive unless it asks millionaires, billionaires, and wealthy corporations to contribute to deficit reduction.
They don't have to do the whole thing, but they've got to do their share.
All right, yeah, they've got to do their share.
We've destroyed practically everybody except the people who have money.
Now we're gonna go tax them.
The millionaires and billionaires.
Remember now, these people start at $250,000 a year.
That's where millionaires and billionaires start.
In Chuck Hugh Schumer's world and Obama's world.
So now we go out.
The only people who have any money left, we go tax the hell out of them, and then after that, Imelt and Obama get together and say, okay, stop complaining about government and go hire people.
Well, Imelt has fired between 36,000 and 50,000 people since 2009 at GE.
They are snarling Obama and Melm are like a couple of uh Imams sending out these business guys as suicide bombers.
Here's uh here's McConnell.
This is uh just what he said on the Senate floor this morning.
After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is probably unattainable.
All right, there you have it.
So he said it.
We've presented ours.
Where's your plan?
And uh McConnell, no real solution with him in the white in the in the White House.
Okay, we're gonna start on the phones.
We'll start in the Bronx.
It's Richie.
Richie, hello, sir.
Great to have you on the program.
Uh hello, Rush.
Uh, thanks for taking my call.
Yeah, you bet.
Um I think that you have presented some misleading information regarding GE's employment and tax situation.
Now, you've just regarding the employment situation, you've just provided the raw numbers, but you have to take into account businesses that GE might have sold uh to other people during the period, such as you said they got rid of NBC.
So those NBC employees No, no, they still have a minority stake.
Okay, a minority stake, okay, but not a majority state.
Well, not a majority stake.
So the NBA doesn't matter.
I mean, but nobody at NBC has been panned.
Which might have previously been uh recorded as GE employees.
No, that would no that that would I mean if if you count it that way, then there'd be fired a lot more than 36,000.
I mean, NBC's got they got NBC Universal, they've got movie product, they've got all kinds of no no no no.
That's not how accounting works, Richie.
I'm sorry.
Nice, but it doesn't work.
Oh, well, I didn't know the when uh it sounded like you were just reporting raw data and not data after accounting for dispositions and sales of businesses to other people.
That's what we're doing.
What are some of the businesses that GE sold?
I'm I might I'm I'm using numbers provided by CNN Money.com and the total employees in the GE universe.
Now, but do those figures include do you know if those figures include accounting for disp uh GE dispositions of businesses to other people, you know, to other companies.
Uh no, I don't know that they don't either.
Yeah, we we don't know anything.
You just reported the raw advantage.
No, no, I didn't say I don't know anything.
I know we I know that there are between thirty-six and fifty thousand fewer people working at General Electric now than there were in two thousand nine.
Okay.
And I'll care.
General Electric's the parent, and whatever they own comes under the umbrella.
Richie, give it up.
Well, no, okay.
What's the next attempt?
Okay.
Now regarding GE's tax situation, uh, it's not only legal, but also ethical, because in 2008, GE lost thirty-two billion dollars.
Now, when you look when you make money, you pay tax.
The IRS's way of refunding to you taxes when you lose money, is that they allow you to take your loss in the year you lost money and carry it back three years and forward five years until GE.
Look, I'm not I'm not suggesting that they did anything illegal.
I never said that.
I'm I don't Think that they would be that bold as to cheat on five billion dollars of taxes.
I'm just saying they didn't pay any income.
They didn't owe.
However, it happened.
And the guy up there now that runs that company is telling everybody stopped complaining about government.
I said, Look, I'm a CEO.
Give me the same deal.
I'll start hiring people.
Yeah, all the same deal.
We've got a guy on the hold in Saratoga Springs, New York, who uh wants to know if Obama's done anything right.
Yeah.
He has.
Obama's done something right.
I'll tell you about that when we get the gym in Saratoga Springs in the next hour.
A note to board ups at our affiliate stations.
I'm going to take the first break in the next hour, a couple minutes, maybe three minutes earlier than normal, because we have Marco Rubio coming on in a second segment in the next half hour.
▲
Export Selection