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 uh real premium strength excellence in broadcasting.
	Uh but uh but for today you got the you got the kind of watered down substitute level guest host kind of uh excellence in broadcasting.
	Uh but we'll do our best.
	one eight hundred two eight two two eight eight two.
	Here's a headline from the Hill, which is the uh the newspaper of record inside the beltway.
	White House says, this is uh this is d just from this morning.
	White House says budget cuts to President's office will hurt the debt efforts.
	Uh 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, in other words, uh 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.
	Uh proposed house cuts, uh that the House evidently wanted to make some cuts to the executive office of the President's budget.
	Uh 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 that's the kind of world we're in now.
	As I said, it's exploding uh it's exploding head stuff.
	Uh we're talking about uh the debt ceiling.
	The debt ceiling, by the way, is a ridiculous term.
	Uh because if there is a debt limit, then 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.
	Uh uh and uh feel free to uh call in and contradict me about this, because I'm not in the construction business, but I did uh jack up my own house and basically add another floor uh underneath it.
	So a little bit about what I'm talking about.
	I I uh 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 raise uh and and literally raise the roof.
	You can add another story to it.
	Uh you can't keep adding stories to it.
	You can't you can't take a little uh seventeen eighty-three uh white clabbered cape in New Hampshire and keep adding uh uh 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.
	Uh th the what the world is willing to lend the United States spend a holic government.
	And we're already up against the the limit of that.
	Uh for most of this year, seventy percent of the debt issued by the United States Treasury has been bought by the Federal Reserve.
	In other words, that's uh the United States uh is issuing debt uh the the left hand of the United States is issuing debt to the right hand of the United States.
	That that apparently works.
	Don't take my word for it.
	Take the word of Susan Finer, PhD.
	She is a professor of economics and professor of women's and gender studies at the University of Southern Maine.
	Professor of econom this is a uh talk about uh 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 um uh I I don't I'd never heard of Susan Feiner until I happened to come up uh 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.
	Uh 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 uh 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 uh she's modifying Gloria Steinem's famous line that a woman uh needs a man like a fish needs a bicycle.
	Uh a fish doesn't need A bicycle, but a fish needs water.
	And a and a and according to Professor Feiner, feminist economics professor, an economy without a deficit is like a fish without a water.
	And uh fish without water.
	And here she explains why balanced budgets are a throwback to the nineteenth century originating from outmoded patriarchal economic thinking that justifies women's lower wages, and that deficits, deficits uh are the way to go for the United States.
	Quote, here are the facts.
	US 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 US 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 presses 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 uh is what uh 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 tr to print trillion dollar bills and you and you take your wheelbarrow uh of trillion dollar bills with you when you go to the grocery store to buy a quarter 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.
	Uh when he stands up and every time he says a large number, you know, if he says four trillion dollars, all he has to do is say four trillion dollars.
	And uh then immediately uh the uh the the media reported as if he's proposing to reduce the uh debt by four trillion dollars.
	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.
	Uh and we're running up against the real debt ceiling, which is uh the uh planet, the rest of the planet's willingness uh to bankroll American government.
	Right now, uh uh every federal dollar that the government spends, uh 43 cents of that is uh 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 of all, which is about the size of government.
	And uh government in the United States is too big, uh 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 uh a lady in Florida, every time you see a ninety-four-year-old wheelchair-bound uh uh uh woman in Florida being subjected to extra screening, there's uh four people picking her up as there were at this uh th 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 ninety-four-year-old wheelchair-bound woman and subs uh ejecting her to security checks.
	It's not a bonus, you know.
	That's that's actually costs money.
	Uh 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 hundred and fifty dollars in permits to pay for a bloated wasteful police force uh enforcing stupid regulations.
	Uh everywhere you look, you see this profound waste.
	And that's why uh that's why the hill worth dying on is uh is often at the local level.
	When you when yet when you see these things, don't just say, oh, well, you know, we've got fifteen trillion dollars worth of bets.
	No, take a stand against it.
	Uh do do what uh do what the so-called act left-wing activists do, render these laws unenforceable.
	Now I'm being careful here, because as I mentioned uh last time around, it's a condition of my green card that I'm not allowed to foment the overthrow of the United States government.
	So far I believe I've only uh been fomenting the overthrow uh of the Omaha School Board uh and the Midway Georgia Police Department.
	So I I hasten to add that I'm uh entirely in non-fermenting mode when it comes to the government of the United States.
	Uh but but we have to.
	We have to get on we have to get uh th the uh stupid continuous uh waste of money that you see in every little it'sy bitsy area of life.
	We have to stand up to that.
	We're never gonna roll back the multi-trillion dollar waste uh until we start objecting to the billion dollar waste and the million dollar waste and the two hundred thousand dollar waste.
	Uh and that's why we we do need to uh to uh have a campaign to reg uh to render regulation unenforceable.
	Ten percent of US GDP is eaten up by federal regulation alone.
	You cannot you cannot cope with that.
	And eventually the most successful companies in the United States are gonna figure that out and they'll go overseas.
	Right now, uh essentially they've just uh been exploiting uh low-level jobs overseas.
	But eventually those companies will relocate overseas.
	Uh one percent, the top one percent of taxpayers uh pay more in taxes than the bottom ninety-five percent.
	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, uh, at least for the purposes of their formal uh tax paying domicile, uh, in order to absolutely cripple the revenues we have at the moment.
	There are simply not enough backs uh on which to impose the burden of government this big.
	And that is why uh I'm I'm in favor of of uh 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 uh all the way up, doing doing it exactly the same way the colonists did uh 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 uh they could also run a country.
	Uh and that is uh that is the lesson that has to be relearned today, because there is simply no way, no way this can be afforded.
	Uh as you see, Susan P. Feiner, professor of women's and gender studies and professor of economics, uh says that uh 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 US has a debt, wheel, wheel, oh, 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 and she's got her little old MacDonald jingle saying all it takes is com 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 uh 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.
	Uh your house that you paid off 15 years ago is gonna be worthless.
	Uh your savings are gonna be worthless.
	Your pension is gonna be worthless.
	You're gonna have Latin American style inflation if she gets her little click here and her little click there.
	And that's the next stage.
	Uh that when the world decides it can no longer uh lend the United States government uh any more money, then the little click here and the little click there that the uh uh feminist uh economics professor recommends is gonna 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.
	Uh one no, that's the that's too short a number, isn't it?
	That's the way the 1-800-2882-2882.
	Uh I don't know.
	I was thinking back it's like back in the old days when it was just uh like uh f uh five uh five figure five figure numbers uh uh you know, call uh whatever it is, Pennsylvania 2822.
	Uh one-800-282-2882, Mark sign in for Rush Bordercom.
	Mark started for Rush at the EIB Network.
	Well, I've got to clarify the uh the women's World Cup uh soccer score.
	I got I uh I I skimmed I skimmed the uh uh the the little story that uh that Mr. Snerdley gave me about the uh women's World Cup soccer score, the 3-1 defeat, the 3-1 defeat.
	Uh it was actually 2-2 at the uh end of full time, the end of the full 90 minutes, and then they had a penalty shootout and uh the US lost on the penalty shootout, uh and that's when it went to 3-1.
	But people are getting uh sending me a lot of mail.
	I had no idea that women's World Cup fans make up eighty percent of Russia's uh audience.
	But uh what's this look uh tell that tell that dumb blank Mark Stein that the USA Japan women's soccer score was a tie at two two 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 I guess.
	All the real guys are following women's World Cup soccer.
	I dunno I I don't know I uh I well no I'm not uh Mr Snerdly thinks I'm getting at 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 Snerdly and I'm 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, uh Mike Little and everyone else who takes uh the uh the the uh the dumb blank Mark Snor I know I'm not on uh I'm not on top of women's soccer not since late in high school anyway and no I don't want to get back into that.
	Anyway, uh Mark uh Barkstein uh in for Rush let us go to Rick in Sarasota, Florida and I hope Rick isn't a women's world cup soccer fan.
	Great great to have you with us, Rick.
	Great talking to you, Mark.
	You know I feel sorry for those poor girls up in Georgia.
	The lemonade stand.
	Right.
	They didn't realize they were being shaken down by the chief of police.
	No that's true that they had if if only they had offered the chief of police a free glass of lemonade I think they would have uh slide.
	No no no because this 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 uh and she is gonna and you are going down because it's a federal offense.
	It's it's a uh even if it isn't a federal offense it's a municipal offense to attempt to bribe a police officer with uh with a glass of uh lemonade.
	I actually I I uh I I I I had a similar problem once.
	I was actually crossing the border and uh there was a box of uh books that I'd uh uh I was taken with me to sign my own books uh to autograph and uh the the uh border guard uh 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 exact I was very flattered.
	I didn't th think my book was worth uh I didn't think my book was worth anything because uh you know I think the initial print run was three million dollars uh and they uh and they used it actually to uh re regrade into state ninety one they put it in there instead of the hard pack it saved uh it saved the government a big l a big lot of money.
	But he apparently thought it was uh worth something uh and accused me of uh attempting to bribe the government of the United States.
	I would love it if it was that easy by the way.
	If my book, uh which is whatever it is twenty twenty-eight bucks or something if my book was enough to bribe the United States government uh I wish they I wish they came that cheap, but un unfortunately they didn't.
	So I wouldn't uh want the uh 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 the her the chief's basis for complaint is that she didn't know what we used to make the lemonade.
	Well don't let it don't let don't 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 uh uh all over that uh all over that town because this is this is a liberty issue.
	If you're not free to sell lemonade, if you're not free to make pies uh for a a church sale you you are not free.
	You know in the pie business uh 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 uh it is it is just not solving the problem.
	Uh what what these nothing little laws establish is that legitimacy comes from the state.
	Once upon a time in the 1950s one in twenty 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 it'sy bitsy activities that you need permits for and what this does it is it establishes the basic premise that whatever you do is only legitimate insofar as it bears the government's imprimate that the that i 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.
	I l one of the great things I love about the United States is civic participation.
	I love going to a church bakesale.
	I mean, occasionally you pick the wrong pie and it goes down sit in your stomach, like a tugboat at the bottom of the Suez Canal, but uh other times you get uh lucky and it's great.
	And it's not the same uh if a professional manufacturer donates the pies.
	It's about civic participation and the giant squatting toad of government regulation is killing civic participation, uh 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 Rushlimbaugh.com and if you're a rush 24-7 subscriber, he's never away.
	He's there twenty-four-seven, and uh you can enjoy him in print, you can enjoy him in audio, you can get all your apps.
	Uh and uh and it's uh you don't have to be discombobulated by sinister exotic uh foreign illegal immigrant guest hosts, because he's there round the clock, rush twenty-four-seven if you go to Rushlimbore.com.
	Um I mentioned uh the sheer stupidity of uh so many government programs.
	Uh it's the stupidity economists.
	It's no longer the economy stupid, it's the stupidity economists.
	Uh from a story in the Daily Caller today, the National Institutes of Health subsidized the study.
	I can't even read out uh most of the words appearing in this news story.
	So I'm going to have to uh 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 uh because I last time I said that word on uh uh on the air, HR told me off uh about it.
	Uh to find out if a gay man's uh manhood size.
	I'll I'll 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 He Institutes of Health paid for a study to find out uh if manhood size was any relation to sexual health for gay men.
	Now I'm not.
	I haven't done any uh conclusive study on this.
	But I I think manhood size is directly correlated uh, 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 uh uh every hour that passes I can feel it coming on.
	But I think it actually uh inversely correlates uh to the height of the debt ceiling.
	Just the thing, but I'm gonna put in for a federal grant for uh, you know, four point eight million dollars to see if I can run all the numbers and uh just get up to speed on it officially.
	Let's go to Phil in Starling 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, it's uh thanks for waiting, and I'm glad you hung in there.
	Okay, uh I got a question.
	Obama says the other day when he's on TV that he's added two million jobs since he's been in office.
	Right.
	He's been in office thirty months.
	Yeah.
	And we've lost approximately two hundred and forty thousand jobs a month since then unemployment.
	That comes to seven million two hundred thousand jobs we've lost.
	Which gives us a negative five million that have been gone since he's been in office.
	Right.
	Well, I'm not a mathematician, but that doesn't seem to work right.
	No, but I think I think you're not looking at it the right way.
	When you say that he's added two million jobs, uh you're uh uh 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 uh, for example, that uh, you know, a hundred and eighty-seven thousand of those two million jobs are uh for the authors of fawning Obama biographers, for example.
	That's fact that's factored in there.
	Then then there's another one point two million dollar uh jobs that he's added in China uh for makers of the new Carly Fry light bulb that we have to use because he's banned Edison's light bulb.
	Uh So those uh Chinese light bulbs 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.
	And then, of course, there's another 16,400 jobs he's added at a teleprompter factory in New York.
	in Indonesia uh that's in a small town in a remote uh in a ro remote jungle in uh New Guinea and the entire economy now is dependent on manufacturing Obama teleprompter and it's transformed that town.
	Uh so I think when you look at it uh that two million isn't as implausible as you think Phil.
	Well then uh 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 uh after he'd been in office for a year and a half or whatever some guys had a big riot uh in the neighborhood and they smashed up the Obama statue.
	It's very heartwarming.
	Uh the the uh regardless of whether the Democrat his base in the United States uh uh the the rubes and the patsies and the suckers are still falling for it here in the United States but the guys in Jakarta move have wised up to it Phil.
	So don't don't fault upon those uh those grounds.
	By the way I said uh I as I ha have to keep saying it's uh 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 uh you got uh millions of new jobs there since the recovery summer got going oh oh Phil Phil's gone.
	OK, thanks for calling, Phil.
	Two million new jobs.
	Obama has added two million new jobs.
	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
	of things for entirely fictitious congressional districts uh the the i it showed he'd created so many jobs in ob 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 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 uh the fountains the the federally subsidized fountains are uh uh are dancing with champagne in the in the double zero congressional district of New Hampshire where according to the government website uh the stimulus money created or saved uh all these jobs let's go to Jeff in uh Lafayette uh Louisiana.
	Jeff you're live on the Rush Limbaugh Show.
	Hi Mark how you doing buddy?
	I'm doing good.
	Great to have you with us.
	Hey listen thanks to you and uh uh certainly Bo for taking my call um a couple of points I got them all written down I've been holding for a while and 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 in oil and gas?
	more notably the much befiled Halliburton which half the country still thinks Dick Cheney runs.
	Exactly and furthermore half the country still thinks that Halliburton is an oil company.
	But it I'll excuse ignorance but uh not well let me keep going reserve he uh politically release that and what could that do?
	Nothing.
	Nothing one thing.
	Skimming a government lake.
	Skimming a government lake.
	Makes no difference.
	Absolutely.
	He gives two billion to Petrobras for oil and gas exploitation right off the coast of Brazil.
	Right.
	One of the largest shareholders of Petrobras, George Toro.
	And he gave and he gave them uh he gave them that money to do to Brazil's waters what he wouldn't he wouldn't let uh 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 that's where the if uh the the exports are going.
	China.
	Right.
	I mean, how in the head do you reconcile that?
	Now you know this bottom line, Mark.
	The bottom line is this the worst thing that ever happened to the oil and gas industry is uh the the fit house that's the show Gala.
	Everybody thinks anybody affiliated with the oil and gas business is a J.R. UN.
	And that's not true.
	One land rights puts to work hundreds of auxiliary personnel.
	That's an absolute fact.
	Now and and everyone thought with Dallas it was just these uh guys with ten wild wild catton guys with uh ten dollars uh ten gallon hats going around cutting corners and and doing deals and everything under the table.
	You're right, it it defined the whole business for a generation.
	But you know what, uh again, I'll excuse uh ignorance.
	Um Marcella Shell, which extends up through Pennsylvania.
	New York you think New York State can use a little gratis revenue right now?
	You don't 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 uh uh uh drilling rig uh counting business.
	Baker Hughes.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 that's a great uh great phrase, Jeff.
	I gotta I gotta run for an EIB profit center here, but you you are right, and I'm gonna pick up this uh I'm gonna pick up this subject when we come back.
	Mark Stein in for rush on the EIB network, lots more to come.
	Mark Stein in for us.
	You know, Jeff Jeff actually made a uh 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, uh, he announced uh that he was given this money to enable Petrobras uh to do in Brazilian waters what he would not allow any American oil company or any uh oil company to do in American waters.
	You know, if 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 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 gonna go to the Chinese.
	Uh China is a resource-poor country.
	Uh it it's not blessed with this stuff uh sitting off shore and uh 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, uh, which is why it's going around the world buying up resources all over uh the world, whether we're talking about the Alberta oil sands or uh various mining companies in Australia uh or uh I think it's Bauxite in Jamaica, and it's gonna be and and it's got enough money that it it it will soon be able to actually uh ask uh uh oil suppliers for Western nations, say, wouldn't you rather be doing business with us?
	Uh so we're actually now paying, we're subsidizing, we're subsidizing uh new sources of oil for China.
	This is a level of insanity of US government policy.
	I would love to hear a liberal.
	Uh come on, you guys.
	I love it when you liberals uh uh c call up.
	Call up uh 1800-282-2882.
	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 uh up in Alaska.
	Uh 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 uh in order that the uh Politbureau in Beijing uh can get more cheap oil which will enable it to have uh become the world's dominant economic uh superpower uh far sooner than it's scheduled to do so, which according to uh Goldman Sachs uh 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, uh the the President of the United States that we elect in November next year will be the last president of the United States uh to preside over uh the world's dominant economic power.
	Think about that.
	This is a crunch time with di uh 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 uh a liberal call up and explain who explain to me uh why the price of him making uh uh of him feeling virtuous, because we're not uh we're not uh drilling in the uh in the Arctic National Wildlife Refuge and we're restricting uh everything everywhere else and we're cutting back on coal mining uh and we're not doing nuclear and all the rest of it.
	Uh why it is worth for the cost of making the price of making him feel virtuous, uh delivering more and more of uh the planet's economic arteries uh into the hands of people like the government of China.
	I would be very interested to hear an explanation of that.
	Uh let's go to Rob in Long Island, uh, 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.
	Uh I would just like to add a comment that uh I wish in the discussion with the debt and all the taxes they're talking about that the 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 and to ask, you know, how is it taxing these small businesses who make two fifty or more?
	And if President Obama gets re-elected and we go to a twenty trillion dollar 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 uh last month we had 18,000 jobs created across the country after we lost eight million at the end of the Bush administration, the uh jobs department, and I think they also recast the prior month downward as well, that uh that I I wish the Republicans, in addition to talking about what President Obama's not doing or that he's delaying tactics, that it's critical that they understand you know, 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 I think that's true, except that I I think to a certain extent uh Republicans uh have given up on uh this generation because they're the ones, in a sense, we have them to thank for the Obama presidency.
	The Hopi Changey guys with the glassy eyes, like cult members uh uh don droning about the audacity of hope at the Obama rallies.
	They they looked uh freaky, like weird members of a cult.
	Uh and they thought that if they just said these vapid abstract nouns that everything was gonna was g was gonna come out all right.
	And they d and and they don't understand that they're gonna be the real victims of this.
	They are gonna be the ones who are going to be living in a post-prosperity America.
	And uh and if they're not uh if with the benefit of their quarter million dollar uh uh of college debt that they're not smart enough to understand this, that they're not smart enough to understand the basic uh reality of this, uh that the that they're the beneficiaries of a particular moment in human history, that that the the America that emerged uh uh 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 and it's like complacency central.
	It reminds me, if you go to an American university campus, it reminds me of like going to a croquet party in uh in Europe in August nineteen fourteen.
	They've got no idea what is about uh what is about to to fall on them.
	Uh, and they are going to be on the receiving end of it.
	Gotta run, Mark Stein in for rush, 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 uh airport in Athens.
	Uh this is 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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