Rush Limbaugh Program - July 18, 2011, Monday, Hour #2

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July 18, 2011 - Rush Limbaugh Program

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July 18, 2011, Monday, Hour #2

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	Yes, America's Anchorman is away and this is your undocumented anchorman sitting in.
	No supporting paperwork whatsoever.
	Great to be with you.
	Rush will be back live on Wednesday to take you through to the end of the week with real premium strength excellence in broadcasting.
	But for today you've got the kind of watered down substitute level guest host kind of excellence in broadcasting.
	But we'll do our best.
	1-800-282-2882.
	Here's a headline from the Hill, which is the newspaper of record inside the Beltway.
	White House says, this is just from this morning.
	White House says budget cuts to president's office will hurt the debt efforts.
	Proposed house cuts to the executive office of the president's budget will hurt administration efforts to cut the deficit, the White House argues.
	Are you following this?
	In other words, cutting the deficit will hamper the administration's ability to cut the deficit.
	I mean, this is exploding head-type stuff now.
	Proposed house cuts, the House evidently wanted to make some cuts to the executive office of the president's budget.
	But they say that if you cut this part of the budget, it will hamper the administration's efforts to cut the budget.
	That's the kind of world we're in now.
	As I said, it's exploding head stuff.
	We're talking about the debt ceiling.
	The debt ceiling, by the way, is a ridiculous term.
	Because if there is a debt limit, then how come every time you get near the debt limit, you're just allowed to jack it up?
	You can't do that with your house.
	We talk about a ceiling.
	And feel free to call in and contradict me about this because I'm not in the construction business.
	But I did jack up my own house and basically add another floor underneath it.
	So I know a little bit about what I'm talking about.
	Unlike most people who pontificate on the debt ceiling, I actually have raised a ceiling.
	You can do that.
	You can take your house and literally raise the roof.
	You can add another story to it.
	You can't keep adding stories to it.
	You can't take a little 1783 white clabbered cape in New Hampshire and keep adding new stories to it until you turn it into Rockefeller Center, because long before you do, the thing will have keeled over and collapsed.
	And that's the way it is with a debt ceiling, too.
	There's no point to, it's not a debt limit if every time you get near it, you simply jack it up.
	The real debt limit, the real debt ceiling, is set by the world.
	What the world is willing to lend the United States spenderholic government.
	And we're already up against the limit of that.
	For most of this year, 70% of the debt issued by the United States Treasury has been bought by the Federal Reserve.
	In other words, the United States is issuing debt.
	The left hand of the United States is issuing debt to the right hand of the United States.
	That apparently works.
	Don't take my word for it.
	Take the word of Susan Feiner, PhD.
	She is a professor of economics and professor of women's and gender studies at the University of Southern Maine.
	Professor of Economics.
	This is a talk about having multiple strings to your bows.
	Professor of Economics and Professor of Women's and Gender Studies at the University of Southern Maine in Portland.
	And I don't, I'd never heard of Susan Feiner until I happened to come across this interesting analysis.
	But I get the feeling that the professor of economics and professor of women's and gender studies is heavy on the women's and gender studies and a little light on the economics.
	She is one of the founding scholars in the field of feminist economics.
	That's great, isn't it?
	She founded an entirely new academic discipline that had never existed before, feminist economics.
	And she's writing in Gloria Steinem's Ms. magazine because this is where I turn to for my economic analysis.
	A feminist economist speaks out.
	Deficits are a girl's best friend.
	Listen up, sisters.
	Deficit hawks will eat your lunch, eat your kids, your jobs, and your retirement.
	An economy without a deficit is like a fish without water.
	She's modifying Gloria Steinem's famous line that a woman needs a man like a fish needs a bicycle.
	A fish doesn't need a bicycle, but a fish needs water.
	And according to Professor Feiner, feminist economics professor, an economy without a deficit is like a fish without a water.
	And fish without water.
	And here she explains why balanced budgets are a throwback to the 19th century originating from outmoded patriarchal economic thinking that justifies women's lower wages.
	And that deficits, deficits, are the way to go for the United States.
	Quote, here are the facts.
	U.S. government borrowing creates interest-bearing assets.
	The bonds are bought with dollars.
	The interest on them is paid in dollars.
	And at maturity, the bonds are paid off in dollars.
	Since the U.S. government is both sovereign in its own currency and the sole issuer of dollars, it can never run out of them.
	How could it?
	Don't think printing press is here.
	Federal debts are paid off by Treasury clerks making a few clicks on computer keyboards.
	Keyboards identical to the one I'm typing on now.
	Unquote.
	This, ladies and gentlemen, is what residents of Maine mortgage their homes to send their kids to study under.
	This is the professor of feminist economics at the University of Southern Maine.
	And she says, Federal debts are paid off by Treasury clerks making a few clicks on computer keyboards.
	So don't worry, we're not Zimbabwe.
	We're not Zimbabwe where we have to print trillion-dollar bills and you take your wheelbarrow of trillion-dollar bills with you when you go to the grocery store to buy a quart of milk.
	We're not Zimbabwe.
	We're far more sophisticated than that just by making a few clicks on computer keyboards.
	This, by the way, is Obama's thinking.
	When he stands up, and every time he says a large number, you know, if he says $4 trillion, all he has to do is say $4 trillion.
	And then immediately the media reported as if he's proposing to reduce the debt by $4 trillion.
	All he has to do is say the number, and the magical fairy unicorn fairy dust sparkling around Obama's aura will do the rest.
	All we have to do is make a few clicks on computer keyboards and federal debts are paid off.
	No, they're not, unfortunately.
	And we're running up against the real debt ceiling, which is the planet, the rest of the planet's willingness to bankroll American government.
	Right now, every federal dollar that the government spends, 43 cents of that is borrowed.
	That's unprecedented, unprecedented, and entirely unsustainable.
	So what we're arguing about here, we're not arguing about debt.
	We're actually arguing about government.
	We're having the most basic argument of all, which is about the size of government.
	And government in the United States is too big.
	And when it's big, it's stupid.
	And when it's stupid, it's blundering and it wastes money.
	And you see this waste everywhere you look.
	Every time you're at the airport, and as happened the other day to a lady in Florida, every time you see a 94-year-old wheelchair-bound woman in Florida being subjected to extra screening, there's four people picking her up, as they were at this the other day, and they're taking her, holding her up in the scanner.
	You think about the cost of having four employees of the government of the United States holding up a 94-year-old wheelchair-bound woman and subjecting her to security checks.
	It's not a bonus, you know, that actually costs money.
	Having the police chief of Midway, Georgia close down a lemonade stand costs money.
	That's what those lemonade stand permits go for.
	You need the $150 in permits to pay for a bloated, wasteful police force enforcing stupid regulations.
	Everywhere you look, you see this profound waste.
	And that's why the hill worth dying on is often at the local level.
	When you see these things, don't just say, oh, well, you know, we've got $15 trillion worth of it.
	No, take a stand against it.
	Do what the so-called left-wing activists do.
	Render these laws unenforceable.
	Now, I'm being careful here because, as I mentioned last time around, it's a condition of my green card that I'm not allowed to ferment the overthrow of the United States government.
	So far, I believe I've only been fermenting the overthrow of the Omaha School Board and the Midway, Georgia Police Department.
	So I hasten to add that I'm entirely in non-fermenting mode when it comes to the government of the United States.
	But we have to, we have to get on, we have to get the stupid, continuous waste of money that you see in every little itsy-bitsy area of life.
	We have to stand up to that.
	We're never going to roll back the multi-trillion dollar waste until we start objecting to the billion-dollar waste and the million-dollar waste and the $200,000 waste.
	And that's why we do need to have a campaign to render regulation unenforceable.
	10% of US GDP is eaten up by federal regulation alone.
	You cannot cope with that.
	And eventually, the most successful companies in the United States are going to figure that out and they'll go overseas.
	Right now, essentially, they've just been exploiting low-level jobs overseas.
	But eventually, those companies will relocate overseas.
	1%, the top 1% of taxpayers pay more in taxes than the bottom 95%.
	What proportion of those would have to leave, would have to leave the country, decide they'd rather live in Switzerland, they'd rather live in Bermuda, they'd rather live in New Zealand, at least for the purposes of their formal taxpaying domicile, in order to absolutely cripple the revenues we have at the moment.
	There are simply not enough backs on which to impose the burden of government this big.
	And that is why I'm in favor of taking a stand on lemonade stands.
	I'm in favor of taking a stand on church bake sales.
	I'm in favor of taking a stand on school board diversity manuals, all the way up, doing it exactly the same way the colonists did in colonial America.
	They learned to govern their towns, and because they could govern their towns better than the King of England thought he could govern their towns, they figured out they could also run a country.
	And that is the lesson that has to be relearned today, because there is simply no way, no way this can be afforded.
	As you see, Susan P. Finer, professor of women's and gender studies and professor of economics, says that just a few clicks of a government keyboard can wipe out all the treasury bond sales.
	No big deal, she says, nothing scary about it.
	It's not even mysterious.
	Why, old McDonald can do it.
	She's got a little jingle here.
	When the U.S. has a debt, we'll, we'll, owe.
	Then a quick click here and a quick click there.
	Here a click, there a click, now a little quick click.
	Then the U.S. paid its debt.
	We won't, we won't owe.
	This is a professor of economics.
	And she's got her little old McDonald jingle saying all it takes is a few computer clicks to wipe out the debt.
	You know what it wipes out?
	It's your savings.
	If you've got money sitting in a 401k that you were planning to retire on, if she has her little clicks here and her little clicks there, here, a click, click, there, a click, click, your money in your 401k is going to be worthless.
	Your house that you paid off 15 years ago is going to be worthless.
	Your savings are going to be worthless.
	Your pension is going to be worthless.
	You're going to have Latin American-style inflation if she gets her little click here and her little click there.
	And that's the next stage.
	When the world decides it can no longer lend the United States government any more money, then the little click here and the little click there that the feminist economics professor recommends is going to be the only solution left.
	And that's why it's important to stand up and resist this stuff right now before they're left with only that stage, the next stage to take things to.
	1-800-282-Mark Stein.
	Well, no, that's too short a number, isn't it?
	That's the way the 1-800-28-282-2882.
	I don't know.
	I was thinking it's like back in the old days when it was just like five-figure numbers called whatever it is.
	Pennsylvania 28222.
	1-800-282-2882.
	Mark sign in for Rush Bordercom.
	Mark Stein in for Rush at the EIB Deadway.
	I got to clarify the Women's World Cup soccer score.
	I skimmed the little story that Mr. Snerdley gave me about the Women's World Cup soccer score, the 3-1 defeat, the 3-1 defeat.
	It was actually 2-2 at the end of full time, at the end of the full 90 minutes, and then they had a penalty shootout, and the U.S. lost on the penalty shootout.
	And that's when it went to 3-1.
	But people are sending me a lot of mail.
	I had no idea that women's World Cup fans make up 80% of Russia's audience.
	But what's this?
	Tell that dumb blank Mark Stein that the USA Japan women's soccer score was a tie at 2-2 and it was decided on penalty kicks.
	Tell the blank hole to get his facts straight before opening his blank mouth.
	That's from that's Mike Little who takes women's World Cup soccer.
	See, I guess all the real guys are following women's World Cup soccer.
	I don't know.
	I don't know.
	No, I'm not.
	Mr. Snerdley thinks I'm getting it.
	No, I'm not.
	I was the guy who was just talking about the gay World Cup beforehand.
	That's how relaxed I am about these things, Mr. Snerdley.
	And I'm following gay World Cup soccer instead of women's World Cup soccer.
	That's why I'm not on top of it.
	Anyway, Mike Little and everyone else who takes the dumb blank Mark Stein.
	No, I'm not on top of women's soccer.
	Not since late in high school, anyway.
	And I don't want to get back into that.
	Anyway, Mark Stein for Rush.
	Let us go to Rick in Sarasota, Florida.
	And I hope Rick isn't a Women's World Cup soccer fan.
	Great to have you with us, Rick.
	Great talking to you, Mark.
	You know, I feel sorry for those poor girls up in Georgia.
	Their lemonade stand.
	Right.
	They didn't realize they were being shaken down by the chief of police.
	No, that's true.
	If only they had offered the chief of police a free glass of lemonade, I think they would have let it slide.
	No, no, no, because this is a real hard case.
	This chief morning star in Midway, Florida, you attempt to bribe that, you attempt to bribe that police chief with a glass of lemonade, and she is going to, and you are going down because it's a federal offense.
	Even if it isn't a federal offence, it's a municipal offense to attempt to bribe a police officer with a glass of lemonade.
	I actually, I had a similar problem once.
	I was actually crossing the border, and there was a box of books that I was taken with me to sign my own books to autograph.
	And the border guard looked in the back and said, What are those?
	And I said, Oh, they're my book.
	And he said, Oh, it looks pretty interesting.
	And I go, Well, take a copy.
	And he looked at me sternly.
	He goes, It's an offense to attempt to bribe an agent of the United States government.
	So I certainly do not think.
	Yes, exactly.
	I was very flattered.
	I didn't think my book was worth, I didn't think my book was worth anything because, you know, I think the initial print run was $3 million and they used it actually to regrade interstate 91.
	They put it in there instead of the hard pack.
	It saved the government a big lot of money.
	But he apparently thought it was worth something and accused me of attempting to bribe the government of the United States.
	I would love it if it was that easy, by the way.
	If my book, which is whatever it is, 20, 28 bucks or something, if my book was enough to bribe the United States government, I wish they came that cheap, but unfortunately they didn't.
	So I wouldn't want the young ladies of Midway, Georgia to take your advice, Rick.
	I think this is grossly irresponsible.
	When I called for civil disobedience against the lemonade rules, I don't know.
	The chief's basis for complaint is that she didn't know what we used to make the lemonade.
	Well, don't let her taste it.
	Don't let her anywhere near the lemonade.
	But you've got to resist.
	There should be lemonade stands all over that town because this is a liberty issue.
	If you're not free to sell lemonade, if you're not free to make pies for a church sale, you are not free.
	You know, in the pie business, some local company offered to donate pies.
	And that's fascinating because you think that's very nice of them and all the rest of it.
	But in fact, it is just not solving the problem.
	What these nothing little laws establish is that legitimacy comes from the state.
	Once upon a time, in the 1950s, one in 20 Americans needed a government permit in order to do their job.
	Right now, it's about one in three.
	And that figure doesn't even include all the other little itsy-bitsy activities that you need permits for.
	And what this does is it establishes the basic premise that whatever you do is only legitimate insofar as it bears the government's imprimateur, that it's only a legitimate activity if it's licensed and regulated and permitted by the state.
	And I don't accept that.
	And I don't think that's the case.
	And I think it would be a tragedy.
	One of the great things I love about the United States is civic participation.
	I love going to a church bake sale.
	I mean, occasionally you pick the wrong pie and it goes down sitting in your stomach like a tugboat at the bottom of the Suez Canal.
	But other times you get lucky and it's great.
	And it's not the same if a professional manufacturer donates the pies.
	It's about civic participation and the giant squatting toad of government regulation is killing civic participation, which in the long run is killing citizenship.
	So this is a basic liberty issue for the United States.
	Mark Stein in for Rush.
	Lots more straight ahead.
	Yes, Rush is away.
	Rush returns live Wednesday.
	But don't forget you can go to rushlimbore.com.
	And if you're a Rush 24-7 subscriber, he's never away.
	He's there 24-7.
	And you can enjoy him in print.
	You can enjoy him in audio.
	You can get all your apps.
	And you don't have to be discombobulated by sinister, exotic foreign, illegal immigrant guest hosts, because he's there around the clock, Rush24-7.
	If you go to rushlimbaugh.com, I mentioned the sheer stupidity of so many government programs.
	It's the stupidity economists.
	It's no longer the economy stupid.
	It's the stupidity economist.
	From a story in the Daily Caller today, the National Institutes of Health subsidized the study.
	I can't even read out most of the words appearing in this news story.
	So I'm going to have to coily tiptoe around them very daintily.
	The National Institutes of Health subsidized the study attempting to find out if a gay man's I can't say that word, a gay man's, because last time I said that word on the air, HR told me off about it.
	To find out if a gay man's manhood size, I think we can say manhood, can't we?
	To find out if a gay man's manhood size has any correlation with his sexual health.
	This is your tax dollars at work.
	The National Institutes of Health paid for a study to find out if manhood size was any relation to sexual health for gay men.
	Now, I'm not.
	I haven't done any conclusive study on this.
	But I think manhood size is directly correlated, by the way, to the size of the debt, to the height of the debt ceiling.
	I think it's inversely, I would think American manhood size.
	I'm just speaking personally myself here, by the way, because every hour that passes, I can feel it coming on.
	But I think it actually inversely correlates to the height of the debt ceiling.
	Just a thing, but I'm going to put in for a federal grant for $4.8 million to see if I can run all the numbers and just get up to speed on it officially.
	Let's go to Phil in Sterling Heights, Michigan.
	Phil, you're live on the Rush Limbaugh show.
	Great to have you with us.
	Well, I'm glad I finally got through.
	Hey, thanks for waiting, and I'm glad you hung in there.
	Okay, I got a question.
	Obama says the other day when he's on TV that he's added 2 million jobs since he's been in office.
	Right.
	He's been in office 30 months.
	Yeah.
	And we've lost approximately 240,000 jobs a month since then on unemployment.
	That comes to 7,200,000 jobs we've lost, which gives us a negative 5 million that have been gone since he's been in office.
	Right.
	I'm not a mathematician, but that doesn't seem to work right.
	No, but I think you're not looking at it the right way.
	When you say that he's added two million jobs, you're...
	I didn't say it.
	No, that's...
	Well, when he says it, what he's talking about is you've got to figure out, for example, that 187,000 of those 2 million jobs are for the authors of fawning Obama biographers, for example.
	That's factored in there.
	Then there's another $1.2 million jobs that he's added in China for makers of the new Curly Fry light bulb that we have to use because he's banned Edison's light bulb.
	So those Chinese light bulb, yeah, yeah, the Chinese light bulb factories are there.
	He's added another 126,000 jobs in temporary workers necessary to process all the campaign contributions he's been getting from his core of supporters anxious to go through another four years of this.
	So that in his own way, he's added, then of course there's another 16,400 jobs he's added at a teleprompter factory in Indonesia.
	That's in a small town in a remote, in a remote jungle in New Guinea.
	And the entire economy now is dependent on manufacturing Obama teleprompters, and it's transformed that town.
	So I think when you look at it, that 2 million isn't as implausible as you think, Phil.
	Well, then, in Indonesia, is that all his relatives that are still there?
	No, no.
	Those guys got the message.
	Didn't you see that thing?
	It was a fantastic thing.
	After when Obama became president, they put up some statue to him in a park in.
	I think it was a park in Jakarta.
	And after he'd been in office for a year and a half or whatever, some guys had a big riot in the neighborhood and they smashed up the Obama statue.
	It's very heartwarming.
	Regardless of whether the Democrat is base in the United States, the Ruobes and the Patsys and the Suckers are still falling for it here in the United States.
	But the guys in Jakarta have wised up to it, Phil.
	So don't fault about those grounds.
	By the way, I said, as I have to keep saying, it's against the terms of my green card to foment the overthrow of the United States government.
	So I should say, when you see those guys overthrowing the statue of Obama in that park in Jakarta, please, please, don't try this at home.
	That's something to leave to those excitable Indonesian natives.
	Please don't try it in your part of Michigan.
	I wouldn't want people to think I was fomenting the overthrow of the United States government.
	But at any rate, in Sterling Heights, Phil, you got millions of new jobs there since the recovery summer got going?
	Hey.
	Oh, oh, Phil's gone.
	Okay, thanks.
	Thanks for thanks for calling, Phil.
	Two million new jobs.
	Obama has added two million new jobs.
	I must say, I must say, I would think a substantial proportion of those are for the people who have to train American media reporters to report this stuff with a straight face.
	The minute he said that created or saved formulation, if you go to recovery.gov, by the way, the official statistics for my state, New Hampshire, were full of things for entirely fictitious congressional districts.
	It showed he'd created so many jobs in New Hampshire's 22nd congressional district.
	There's only two congressional districts in the state of New Hampshire, but apparently all the job creation is going on in the mythical fairyland of the 22nd congressional district.
	And the biggest job creation, if I remember correctly, was in something called the Double Zero Congressional District.
	I'm moving to the Double Zero Congressional District.
	The streets are paved with gold.
	The fountains, the federally subsidized fountains are dancing with champagne in the double zero congressional district of New Hampshire, where according to the government website, the stimulus money created or saved all these jobs.
	Let's go to Jeff in Lafayette, Louisiana.
	Jeff, you're live on the Rush Limbaugh show.
	Hi, Mark.
	How are you doing, buddy?
	I'm doing good.
	Great to have you with us.
	Hey, listen, thanks to you and certainly Bo for taking my call.
	A couple of points.
	I got them all written down.
	I've been holding for a while, and that's fine.
	Can you imagine if the entire oil and gas industry was unionized, i.e., drilling contractors and all the service companies that are involved, and more notably the much-buffiled Halliburton, which half the country still thinks Big Cheney runs.
	Exactly.
	And furthermore, half the country still thinks that Halliburton is an oil company.
	But it's, I'll excuse ignorance, but not.
	Well, let me keep going.
	Strategic oil reserve.
	He politically released that, and what could that do?
	Nothing.
	Nothing.
	No.
	One thing.
	Skimming a government lake.
	Skimming a government lake makes no difference.
	Absolutely.
	He gives $2 billion to Petrobras for oil and gas exploitation right off the coast of Brazil.
	Right.
	One of the largest shareholders of Petrobras, George Toros.
	And he gave them that money to do to Brazil's waters what he wouldn't let an oil company do to America's waters.
	I don't even understand that.
	Absolutely.
	Yes, you do.
	I'm sure you understand it.
	But guess where the exports are going?
	China.
	Right.
	I mean, how in the heck do you reconcile that?
	Now, you know this.
	The bottom line is this.
	The worst thing that ever happened to the oil and gas industry is the show Dallas.
	Everybody thinks anybody affiliated with the oil and gas business is a J.R. Ewan.
	And that's not true.
	One land rig puts to work hundreds of ancillary personnel.
	That's an absolute fact.
	And everyone thought with Dallas, it was just these guys with wildcat and guys with 10-gallon hats going around cutting corners and doing deals and everything under the table.
	You're right.
	It defined the whole business for a generation.
	But you know what?
	Again, I'll excuse ignorance.
	Marcella Shell, which extends up through Pennsylvania, New York.
	You think New York State can use a little gratis revenue right now?
	You darn right they could.
	There's a website you can go to, and I'm not, I don't work for this company, but it's the most accurate drilling rig counting business.
	It's BakerHughes.com.
	Go to that.
	It gives you the rig count per state.
	Right?
	That's a great.
	I don't think I've ever hosted this show and heard that phrase, rig counts.
	That's a great phrase, Jeff.
	I got to run for an EIB profit center here, but you are right.
	I'm going to pick up this subject when we come back.
	Mark Stein, Infra Rush on the EIB network.
	Lots more to come.
	Mark Stein in for Rush.
	You know, Jeff actually made a very interesting point, though, when he was talking about the money that Obama gave, taxpayers' money that Obama gave when he was down in Brazil.
	He announced that he was given this money to enable Petrobras to do in Brazilian waters what he would not allow any American oil company or any oil company to do in American waters.
	You know, if you can't do it in the Gulf of Mexico because it threatens to devastate the planet, if you can't do it off the coast of California because it threatens to devastate the planet, how come you can do it off the coast of Brazil?
	And that's fine.
	But then Jeff made the additional point that all the benefits of this new oil exploration are going to go to the Chinese.
	China is a resource-poor country.
	It's not blessed with this stuff sitting offshore and under the ground like the United States is.
	It doesn't have anything like the Arctic National Wildlife Refuge.
	It's a resource-poor country, which is why it's going around the world, buying up resources all over the world, whether we're talking about the Alberta oil sands or various mining companies in Australia, or I think it's Bauxite in Jamaica.
	And it's got enough money that it will soon be able to actually ask oil suppliers for Western nations, say, wouldn't you rather be doing business with us?
	So we're actually now paying, we're subsidizing, we're subsidizing new sources of oil for China.
	This is the level of insanity of U.S. government policy.
	I would love to hear a liberal.
	Come on, you guys.
	I love it when you liberals call up.
	Call up.
	1-800-282-2882.
	I would love to hear you explain to me why the cost of you making yourself feel good because you feel all virtuous because you're saving the planet because you're not disrupting the breeding grounds of the world's biggest mosquito herd up in Alaska.
	So instead, you're actually subsidizing oil exploration to devastate the coastline of a country a long way away that you don't care about in order that the Politburo in Beijing can get more cheap oil, which will enable it to become the world's dominant economic superpower far sooner than it's scheduled to do so, which according to Goldman Sachs is around 2020 and according to the International Monetary Fund will be around 2016.
	So in other words, by the way, if that last figure is true, the President of the United States that we elect in November next year will be the last president of the United States to preside over the world's dominant economic power.
	Think about that.
	This is a crunch time with a date with destiny.
	Because this isn't anything that sinister foreigners are doing to us.
	This isn't anything the Saudis are doing to us.
	This isn't a thing that the Chinese are doing to us.
	This isn't the Russians or the Iranians or those crazy guys in the caves in Waziristan.
	They're not doing it to us.
	We're doing it to ourselves.
	So I'd like to hear a Liberal call up and explain who, explain to me why the price of him feeling virtuous, because we're not drilling in the Arctic National Wildlife Refuge and we're restricting everything everywhere else and we're cutting back on coal mining and we're not doing nuclear and all the rest of it.
	Why it is worth the cost of making the price of making him feel virtuous, delivering more and more of the planet's economic arteries into the hands of people like the government of China.
	I would be very interested to hear an explanation of that.
	Let's go to Rob in Long Island, New York.
	Rob, great to have you with us on the show.
	Hey, Mark, good afternoon.
	How are you?
	I'm doing good.
	And you?
	Oh, I'm doing great.
	I would just like to add a comment that I wish in the discussion with the debt and all the taxes they're talking about, that the Republicans would go a little deeper in terms of really educating young people on what are they doing.
	It's a kind of a rhetorical question.
	What are the Republicans doing to groom the younger voters out there who are coming out of college with huge loans and to ask, you know, how is it taxing these small businesses who make $250 or more, and if President Obama gets re-elected and we go to a $20 trillion federal debt, how is that somehow going to create an engine where they'll get robust jobs, pay off their student loans, and then work our way out of debt in the context of,
	I think last month we had 18,000 jobs created across the country after we lost 8 million at the end of the Bush administration, the Jobs Department, and I think they also recasted the prior months downward as well, that I wish the Republicans, in addition to talking about what President Obama is not doing or that he's delaying tactics, that it's critical that they understand and how the Republicans are going to do that, that their future is at stake as well in this thing.
	What do you think?
	Yeah, I think that's true, except that I think to a certain extent Republicans have given up on this generation because they're the ones, in a sense, we have them to thank for the Obama presidency.
	The hopey-changy guys with the glassy eyes, like cult members, droning about the audacity of hope at the Obama rallies.
	They looked freaky like weird members of a cult.
	And they thought that if they just said these vapid, abstract nouns, that everything was going to come out all right.
	And they don't understand that they're going to be the real victims of this.
	They are going to be the ones who are going to be living in a post-prosperity America.
	And if they're not, if with the benefit of their quarter million dollar of college debt, that they're not smart enough to understand this, that they're not smart enough to understand the basic reality of this, that they're the beneficiaries of a particular moment in human history, that the America that emerged economically dominant at the end of the Second World War was a rare, blessed moment in human history.
	And if they think it's a permanent condition of life, they are in for the world's almighty shock.
	But you know, you go to these college campuses and it's like complacency central.
	It reminds me, if you go to an American university campus, it reminds me of going to a croquet party in Europe in August 1914.
	They've got no idea what is about to fall on them.
	And they are going to be on the receiving end of it.
	Got to run.
	Mark Stein in Farush.
	More to come.
	Mark Stein in for Rush on the EIB network.
	In Greece, in Greece, the taxi drivers are on strike.
	They're blocking road access to the airport in Athens.
	This is fascinating.
	Right now, all Greece has got going for it is what's left of its tourism industry.
	This is July.
	This is July.
	And if you are booking a vacation in Greece, you can't get a taxi and you can't even pay a guy to get you to the airport to catch a plane.

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