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July 19, 2011 - Rush Limbaugh Program
37:15
July 19, 2011, Tuesday, Hour #2
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Yes, America's Anchorman is away, and this is your undocumented anchor man sitting in, no supporting paperwork whatsoever.
Don't forget that Rush returns tomorrow for three hours of the real deal.
All-American made in America, excellence in broadcasting, not your cheap, outsourced, minimum-wage foreign knockoff that you have to put up with today.
Rush returns live.
12 noon Eastern, 9 a.m.
Yes, America's Anchorman is away, and this is your undocumented anchor man sitting in, no supporting paperwork whatsoever.
Don't forget that Rush returns tomorrow for three hours of the real deal.
All-American made in America, excellence in broadcasting, not your cheap, outsourced, minimum wage, foreign knockoff that you have to put up with today.
Rush returns live, 12 noon Eastern, 9 a.m. Pacific tomorrow.
Now, I gave a figure yesterday.
I said the United States government borrows $188 million every hour.
Fifth of a billion, give or take.
And a couple of people said, oh, I've heard you use this figure before.
What's it about?
Chuck Chuck of Reno, Nevada.
Chuck says, where did you find these numbers?
They are so huge, it's hardly believable.
If these are credible, I will contact my senator and congressman as well as many others.
Well, your senator in Reno, Nevada is Harry Reid.
So that's your problem right there.
He's going to, if you say to Harry Reid, did you know we're borrowing $188 million every hour?
He'll go, oh, I know.
Isn't it terrible?
We really need to jack that up.
We need to borrow $400 million an hour at least.
It's not hard to work out, Chuck.
And everyone should understand this, because I think one of the problems is when you start talking about trillion-dollar this, trillion-dollar that, these figures are so unreal that you don't actually work out what it boils down to in real numbers every hour of every day.
The official estimate of the deficit for the federal budget is $1.65 trillion.
In other words, they have got certain things they're committed to spending money on, and they don't have enough money.
And the money they don't have enough of boils down to $1.65 trillion.
This is the biggest budget deficit run by any government anywhere in the history of planet Earth.
$1.65 trillion.
By the way, before Obama took office, do you know what the highest budget deficit in history?
It was 2008, Bush's last year.
$458 billion.
So the deficit this year is over three times as big as that budget-busting deficit was just three years ago.
$1.65 trillion.
Now get out of pocket calculator.
You're going to need the extra wide pocket calculator to get all the zeros on.
So you're going to have to upgrade to the premium pocket calculator.
And then you're going to have to buy a pair of supersized pants that come with a pocket big enough to get the supersized pocket calculator in.
Otherwise, you can't get all the zeros on.
But here's how you do it.
$1.65 trillion.
Divide that by $365.
You get $4.5 billion.
That's what the United States government right now is borrowing every day.
It's going to borrow $4.5 billion today.
It's going to borrow $4.5 billion tomorrow.
It's going to borrow $4.5 billion on Thursday.
It doesn't take the weekend off.
It's going to be borrowing $4.5 billion on Saturday and Sunday.
Now you divide that, $4.5 billion per day.
You divide it by 24, the number of hours of the day, and you get $188,356, $188,356,164.38.
That is what the United States government borrowed on your behalf in the first hour of the show.
They're going to be borrowing another $188,356,164.38 on your behalf in the course of this next hour.
Let's talk to a man who knows all about where this leads.
His book is called America's Ticking Bankruptcy Bomb: How the Looming Debt Crisis Threatens the American Dream and How We Can Turn the Tide Before It's Too Late.
This book is by Peter Ferrara, who has worked in the Reagan and Bush senior administrations.
Great to have you on the Rush Limbaugh Show, Peter.
Glad to be here.
Now, just explain to us first what bankruptcy means in terms of a sovereign nation.
What is leading us toward bankruptcy?
Well, what is leading us towards bankruptcy is our national debt is already at the highest level in U.S. history, except for World War II.
And official U.S. government projections show that on our current course, we're going to rocket right through that all-time record, rocket right up to the level of national debt suffered by Greece when they fell into national bankruptcy, and continue rocketing up right on past that.
And the national debt doesn't even cover everything the government owes.
I mean, that doesn't even include the unfunded liabilities of Social Security, Medicare, the unfunded liability of federal civil service pensions, federal military pensions, veterans' benefits, the liabilities of trillions of FDIC guarantees, trillions of FHA guarantees, or the trillions in debt by state and local governments.
There's another $4.4 trillion state and local government debt.
You have then unfunded liabilities of state and local government pensions, retiree health care promises.
So, you know, the national debt is just actually the tip of the iceberg.
Now, the official figure for the national debt is just shy of $15 trillion.
If you had to add up the real unofficial federal, state, municipal entitlement, the whole big package, and you had to put a number on it, what's the kind of ballpark we're talking about?
Well, if you're going to include the unfunded liabilities of Social Security and Medicare, it's over $100 trillion altogether.
More like $120 trillion, to use the broadest measure of the unfunded liabilities of Social Security and Medicare.
Now, once we start having to pay interest at normal interest rates just on our current level of debt, because right now interest rates are historically low, but if they were to uptick to what they were in the 90s and the turn of the century and first decade of this century, we would be paying extraordinary amounts just in the interest on the debt, not paying down the debt,
but just in the interest would be consuming a huge percentage of tax revenues every year, wouldn't it?
Yes, I discussed this in the book.
If interest rates rise, this is just going to create an accelerating downward spiral because the debt interest goes up, so the deficit goes up, which causes more debt interest to go up.
I mean, already President Obama's own 2012 budget projects a federal deficit for this year of $1.6 trillion.
That means 43 cents of every dollar the federal government spends is already borrowed.
And if you have just Social Security, Medicare, Medicaid, and the federal welfare programs consume 95% of all federal revenues.
The remaining federal revenues are not even ⁇ the interest on the federal debt is another 10% federal revenues.
So do the math, 95 plus 10, we're already over 100% of all federal revenues right there.
And if interest rates go up, that just gets worse and worse.
Yeah, so just hold that thought because basically what you're saying is we're already at the stage where we're having to borrow money to pay the interest on the money we're borrowing.
Right.
And look at the vulnerability that creates.
Suppose we go into another recession now when we already have a deficit of $1.6 trillion.
How high does that go?
And even worse than that, as the book explains, President Obama has already scheduled a recession for 2013.
Right.
Well, because in 2013, most people don't know that in current law, you're going to have an increase in the top tax rate of virtually every major federal tax.
Because the Obamacare tax increases go into effect and the Bush tax cuts expire.
So the top two income tax rates are going up nearly 20%.
The capital gains tax is going up nearly 60%.
The tax on corporate dividends is going up nearly three times.
The Medicare payroll tax is going up 62% for the nation's small businesses, investors, and job creators.
And that's on top of the fact that we already have a corporate tax rate that's the highest in the industrialized world.
Yeah, now just stick with this corporate tax rate because you've got a solution here.
People talk about the corporate tax rate in Ireland and all the rest of it.
Everyone assumes when Obama is demonizing businesses and talking about outsourcing and everything, that people are kind of taking it to some banana republic somewhere where it's just a cowboy kind of culture and every man for himself.
But in fact, what we think of as big government states actually have significantly lower corporate tax rates.
Canada's corporate tax rate is less than half of the U.S. corporate tax rate right now, isn't it?
Right.
The corporate tax rate in America, accounting federal and state, is nearly 25%.
I'm sorry, it's nearly 40%.
Right.
Federal and state is nearly 40%.
Even communist China has a 25% corporate tax rate.
The average in the European Union is below 25%.
And as you just mentioned, Canada's rate today is 16.5, scheduled to go to 15% next year.
Germany is below 20%.
American business is uncompetitive in the global economy today with this tax burden, yet all we hear about Obama is demanding still further taxes.
Yeah, and I think I find it very hard to understand why they don't understand that those businesses that can relocate will be relocating after 2013.
Tim Hortons, the donut chain that operates on both sides of the border, was a Delaware corporation, and last year it announced that it was reorganizing itself as a Canadian corporation to take advantage of these tax rates.
People can move and businesses can move to get away from this stuff.
Well, you already have capital flight out of the United States, and what that example you just cited is just one example of it.
And that's already beginning.
Now, Art Laffer predicted the coming crash of 2011 based on the expiration of the Bush tax cuts alone.
Now, that's been extended to 2013, but what's brewing for 2013 is far worse than the expiration of the Bush tax cuts alone, because now you've got the Obamacare taxes on top of that.
And then you've got all the Obama regulatory burdens building to a crescendo with EPA effectively imposing another tax through its cap and trade implementation, the Obamacare employer mandate requiring employers to buy the most expensive health insurance possible for their workers, effectively another tax.
You've got the energy restrictions.
You've got the Dodd-Frank regulations on the financial community.
All of that is just further taxation, further costs on business.
This is brewing up another recession.
So if you have a deficit of $1.6 trillion and you go into a recession, how high does that deficit go?
And is the world really going to finance a deficit of that magnitude?
Yeah, that's right.
I mean, and I think you mentioned Greece earlier.
There's a difference in scale here that I think kicks into play.
I mean, to stick with the idea of bankruptcy, it's possible to imagine a small developed nation such as Iceland, in effect, going into Chapter 11 and emerging at the other side still more or less as a recognizable Iceland.
When you're talking about small Nordic countries of 2 million people, 4 million people, it's possible to imagine that scenario.
But it's very difficult to imagine America going down this path for much longer and being able to correct in the way you propose, isn't it?
I mean, the scale of disaster here is something else entirely.
Well, yes, it is.
In fact, just think about that scenario we painted out of another recession in 2013.
That has national defense implications because that creates a national defense vulnerability.
Because if you're in a sustained military conflict, that becomes very expensive.
And so then who's going to lend us the money if we're faced with a really serious sustained military attack against us or our allies?
Is China going to lend us the money to fight that?
And aren't we just then inviting an attack when you have that kind of vulnerability?
So you see how these things can spiral out of control.
Yes, eventually everything comes up for Grabs.
Just a quick final point.
You have in your book serious proposals for entitlement reform.
I certainly support.
I'm not a Bill Gates or anyone, but I've run small companies in several countries, and I'm astonished at how a land that I always thought of as a beacon of liberty has, as you say, the highest corporate tax rates in the developed world.
But people always say, well, you're up against political reality.
You're up against political reality here.
What are the odds of your proposals being taken up by this depraved political class in Washington?
Well, most of the book is about the solutions.
And in fact, we go into great detail on how entitlement reforms, it's a central theme of the book.
And what the book shows is that if you can modernize these programs to rely instead of on tax and redistribution on modern capital, labor, and insurance markets, you effectively, you actually can achieve the liberal social welfare goals of those programs far more effectively, actually serve seniors and the poor far better at just a fraction of the cost of the current programs.
And Exhibit A, all of this is based on real-world models that have actually worked.
So Exhibit A is the welfare reform of 1996, where they reformed one program, AFDC.
Two-thirds of the poor got off of the program within a couple of years.
They actually got higher incomes as a result, yet the reform saved the taxpayers 50%.
There are dozens of additional federal welfare programs you could do the same thing with that are slated to cost $10 trillion over the next 10 years.
If you have anything like the same results, the poor would be greatly benefited and the taxpayers would save trillions in the process.
The fact that you can reform these programs to actually serve seniors and the poor far better by modernizing them.
You know, the Census Bureau reports that we spend four times what's necessary to bring every poor person in America up to the poverty level just by sending them a check.
So obviously there's a lot of scope there for actually doing well by the poor and saving the taxpayers a fortune.
The same can be done with Social Security, personal accounts, savings investment, and insurance where they'll actually earn higher benefits in the future through those market investment returns and Social Security even promises, let alone what it can pay.
But at the same time, it's the greatest reduction in government spending in world history as you shift the burden of paying for all those benefits from the public sector to the private sector entirely through the personal accounts.
I have actually ongoing projects with specific members of Congress to introduce bills to implement some of these entitlement reforms.
And what's exciting about it is the political prospects of it become more realistic when you say, well, actually, you can actually serve people better if you would modernize these reforms.
And the book explains that in detail in the real world examples on which all these proposals are based.
Okay, you're optimistic on that, Peter.
But let's just say that the political will isn't there and America's ticking bankruptcy bomb ticks on.
What's America looking like in 10 years under that scenario?
Argentina, more and more like Argentina.
You've got where you had, you know, 100 years ago, Argentina had the same standard of living as America.
And then they went off and followed Juan Peron and his neo-socialist policies, and they collapsed downward into a third world country.
And we're on that same course unless we make changes.
That's very true.
Thanks very much for talking to us, Peter.
Peter Ferrara, the book is America's Ticking Bankruptcy Bomb.
It's out now.
And as Peter says, the great strength of the book is it's about solutions to prevent it.
If you don't want to be like Argentina circa 2020, if you don't want to be in a Perenista swamp of corruption by 2020, this book has got a lot of good ideas on how to get out of it.
Mark Stein, in for rush, lots more straight ahead.
1-800-282-2882, Mark Stein, Infra Rush.
Some people are slowly beginning to get the message of Peter Ferrara's book.
Did you see this magnificent conference call from Steve Wynn, the casino tycoon?
Steve Wynn is basically Mr. Vegas.
And he's on his big call, on his conference call with his executives, and he's saying, this administration is the greatest wet blanket to business and progress and job creation in my lifetime.
Now, this guy isn't, he's not a Republican.
He's not right-wing.
He says, I'm a Democratic businessman and I support Harry Reid because he thought that's what you do, right?
You play both sides.
You operate in the business climate you're given and you donate to the establishment and the establishment takes care of you.
That's how it all works.
And he thought that he would be fine if he did that.
And Steve Wynn, Steve Wynn, nobody's idea of a right-winger, nobody's idea of a conservative, nobody's idea of a Republican, he says, I'm saying it bluntly, this administration is the greatest wet blanket to business and progress and job creation in my lifetime.
My customers and the companies that provide the vitality for the hospitality and restaurant industry in the United States of America, they're frightened of this administration.
They're frightened to death about all the new regulations.
Our healthcare costs escalate, regulations coming from left and right.
Okay, Steve, I agree with Steve Wynn.
He's a great man.
He knows his business.
He's done great things in Vegas.
But he understands that Vegas is going to be a ghost town.
It's just going to be what it was.
It's going to be a one-horse town in the middle of a desert if the Obama administration makes what it has done in the last two years permanent.
If it establishes them as the permanent facts of life, Steve Wynn ain't going to be in Vegas.
He's going to be running resorts in Macau or Hong Kong or somewhere like that.
Because no American is going to be able to afford to go to any of his Vegas resorts and have a great time there.
It's just going to be like in Mayfair when you go into the gambling casinos in Mayfair and it's just full of Saudi princes gambling and a whoring the night away.
And Steve Wynn, nobody's idea of, he's a Democrat.
He gives money to Harry Reid.
That's how it should start, Steve.
Don't give money to Harry Reid this time.
Harry Reid is destroying his business.
Keep your money and give it to someone else who will correct.
Because if we don't correct, you're going to be presiding over the ruins of Vegas.
There's not going to be any point to being Mr. Vegas because it's going to be like Vegas was back in 1883.
It's just going to be a dustbow.
Mark Stein for Rush, more to come.
Yeah, Rush is back tomorrow.
Mr. Vegas, Steve Wynn is saying that America is doomed because everybody is frightened of this administration.
A lot of people, those of us who have business opportunities and the capital to do it, are sitting in fear of the president.
And a lot of people don't want to say that.
They say, God, don't be attacking Obama.
Well, this is Obama's deal, and it's Obama that's responsible for this fear in America.
That's what Steve Wynn, the big Vegas resort owner, Mr. Vegas, that's what Steve Wynn is saying about Obama.
Years ago, I was in New York.
I saw Steve Wynn and Frank Sinatra walking.
It was up around, I think, Fifth Avenue or Madison, up around the Plaza or the Carlisle, one of the big fancy hotels.
I saw Steve Wynn and Frank Sinatra walking hand in hand on the sidewalk.
Looked like today, of course, we think it was just one of those nice gay couples that had been married by Nanny Bloomberg at Gracie Mansion.
What?
What, Mr. Slurdley says, what did I think it was then?
Well, I thought, I'll tell you what I thought it was then, Mr. Slurdley, because basically, look, I'm not saying Frank Sinatra is gay, because if Frank Sinatra was gay, he had the all-time greatest cover.
You know, he was dating Ava Gardner and Lana Turner and Lauren Bacall.
I mean, that is a man who devoted some serious effort to beards if he was secretly gay.
So I'm not saying that.
I thought it was just that, you know, Frank was a little elderly and Steve Wynne was just being nice to him and holding his hand to help him negotiate the sidewalk.
And I found out later, I found out later, in fact, that Steve Wynn, Mr. Vegas, has this little eye problem that's affected by sunlight.
So when he's out on the street, he sometimes finds it hard to see where the kind of curbstones are and everything.
So Frank, understanding this, was holding Steve's hand to help Steve.
The older guy was holding the younger guy's hand to help Steve down the street.
And the problem now that Steve Wynn...
That's enough with the showbiz anecdotes.
The problem now.
Yeah, I'm glad I explained.
I wouldn't want this to, you know, Rush Limbaugh show declares Sinatra secretly gay.
I wouldn't want to see that on the National Enquirer.
Could get all kinds of trouble.
It could be like the Women's World Cup thing yesterday.
You know, could run without in that thing.
But the problem now is that it's not whatever this was, 1994 or 95 or whatever.
There is no one.
Frank isn't around to hold Steve Wynn's hand anymore.
He understands there isn't anybody to, if you're in business in this country, there isn't anybody to hold your hand.
Because as Peter Ferrara was explaining, they're coming for you.
As bad as you think this economy is now, with basically 9% unemployment, with basically two-thirds of the homes in Harry Reid State, Nevada, two-thirds of the mortgages underwater, as bad as you think this market is, the Obama 2013 recession, when the Bush tax cuts expire, when the new Obamacare taxes kick in, when the new EPA regulations kick in, you want to be around.
If Steve Wynn is still doing conference calls, he'll be doing them from somewhere offshore in the South China Sea by then.
You won't want to hear what he's got to say then, because as bad as it is now, it's going to get worse if this stuff isn't reversed.
Let's go to Steve, not Steve Wynn, as far as I know.
Steve in Raleigh, North Carolina.
Steve, great to have you on the show.
Thanks for waiting.
Mr. Stein, you're my favorite stand-in host in part because you have such a great command of the Queen's English.
You're so eloquently display, you know, can talk about the conservative point of view.
And that's one reason I'm calling to ask you, what do we have to do to get Marco Rubio to run for president?
He's obviously well-spoken, a little young, but I even had a liberal friend of mine tell me this morning that unless you get that guy to run, the other bunch of clowns that we have just aren't of the caliber of somebody that's going to beat somebody like Obama, even if the economy's bad.
Now, wait, you say your liberal friend said to you, you know, Marco Rubio, he's the guy.
He's the guy.
That's what he's saying now.
You imagine, you remember the way it was with Sarah Palin when John McCain picked her, and within 20 minutes she was subjected to the greatest character assassination.
They will do that to Marco Rubio.
Your liberal friend may tell you now that he likes Marco Rubio, but once Marco Rubio's on the ballot, they're going to be destroying him just like they tried to destroy Sarah Paling as they're trying to destroy Michelle Backman now.
One of the things that we've had in the past is I like people like Bob Dole, I even like John McCain, I even like George Bush, but none of them had any kind of eloquence in bringing the conservative point of view forward.
And Marco Rubio, despite his age, seems to be able to do that.
And I don't think it was my liberal friend was saying that he liked this person, but he was saying that he was saying the right things.
He was making common sense.
He was putting the ideas out there concisely and clearly.
And I frankly think that the Republicans have all their best speakers on in talk radio.
Well, Steve, I take your point.
Let's just break it down, though.
Because first of all, Marco Rubio says he's left a little bit of wiggle room, but he's said he's not running for president.
He's left a little bit of wiggle room to say, to leave open the possibility of being the vice presidential nominee.
Because I think a lot of he's everybody's first choice for the vice presidential nominee.
But assuming that he means what he says on that, right?
Now I agree with you.
What I like about this guy is that he thinks on his feet.
He thinks on his feet.
And I have a great problem.
I do not want to have another one of these candidates that the Republican Party somehow has to drag the great rotting carcass of the candidate over the finish line because I don't want to be doing that anymore.
So the candidate we pick has to have a kind of coherent worldview.
They have to have been around long enough to have a kind of coherent philosophical worldview and where those particular issues fit into those worldview.
And that's why I have a problem with Mitt Romney.
Too often, Mitt doesn't think on his feet.
He's lobbed a question that's a softball question.
It shouldn't be that difficult to answer.
And he gives last year's conventional wisdom.
He's come out, he's concerned about, you know, whatever it is, climate change, just as everybody else has given up on it.
Nobody else cares about climate change anymore.
You're not going to care about climate change when we're all scavenging for dog food in rat-in-fested rallies when the next Obama recession kicks in.
He's picked up on last decade's conventional wisdom, and he does that too often.
And I think that's the big problem with Mitt Romney.
And I want some guy who can be in the presidential debate and think on his feet, think on his feet and devastate Obama in the way that John McCain couldn't, and in the way that Bob Dole, who, as you say, I got nothing against Bob Dole.
He was a guy who'd been around Washington for a zillion decades.
But so what, compared to Clinton, you know, Bob Dole was a great man.
He got crippled and shot up in Italy in the war.
But he simply was not good enough at thinking on his feet.
And there's got to be, there's got the candidate this time round cannot be one of those phony candidates who has to be fed everything by minders.
And when they misspeak, then somebody's got to come out with a statement and correct the way they misspoke all that.
Nuts to all that, nuts to all that.
The Republican movement in this country, the conservative movement in this country, is entitled to a genuine candidate with a thought-out political worldview who can think on their feet.
If they don't fall into that camp, then they shouldn't be in the game.
And given those constraints, Steve, that should be enough for you.
We don't need a savior.
We're not in the Messiah business.
The Democrats are in the Messiah business.
Marco Rubio is a great senator from Florida, but he's not the Obama Messiah.
He doesn't bestride the liberal world like a colossus the way we were told that Obama did.
He's not someone who is going to be landing at the Berlin Wall and saying and beginning his speech, people of the world, as if he's just landed from the heavens and come down to save us.
Marco Rubio is a great senator, but we are not the party that's looking for a messiah.
We look for our messiahs elsewhere.
And when you're looking for a citizen executive, someone who thinks on their feet, someone who's genuine, and someone who's secure in their philosophical worldview is what matters, Steve.
Over our pool of candidates so far, I think in the things that you have just talked about, he seems to be head over heels that way.
And only inexperience seems to be his only drawback to me.
And like you said, I don't think that the conservative point of view needs a lot of hoopla and everything.
I just need someone to communicate it clearly and be able to say why we do things, not just to say what we do, but say why we do things and why this helps everybody up and down the economic spectrum across the board.
Why economic growth helps every single person and why just giving a check to over half the people in this country right now is destroying us.
Yeah, yeah, I absolutely agree with you on that.
We need someone who can respond to things like that by saying, you know, when did it become normal for the role of the president of the United States?
When Obama said that line about I can't guarantee the Social Security checks will go out, when did it become normal for us to think of the President of the United States as this guy who hands us our allowance every month?
As you say, half the people in the country don't pay any federal, don't pay any federal income tax.
They look on Obama as like some 1950s sitcom dad.
He's the guy who mails your allowance.
But you don't want to get, Steve, the thing about this is you don't want to get up expectations too high.
I certainly think it's time for some people to, you know, whatever they say, fish or cut bait, because this is the moment.
You know, if you're not, if you're not, it's no good saying, oh, I'll wait till 2016.
I don't like the lie of the land.
America, if you think you are, if you think you can be president of the United States, you need to get in the game now.
Because if this guy's unelected, you aren't going to want to see what America looks like by 2016.
So don't say, oh, I'll wait till my moment comes.
It'll be easier in 2016.
The British Special Forces, the SAS, their motto is, Who Dares Wins?
And that's right.
1992, all the smart money thought George Bush Sr., after winning the first Gulf War, he was unbeatable.
So what's his name?
Mario Cuomo and all the hot shots decided to sit out the 92 race.
And some schlub in Arkansas, nobody had ever heard of, decided, yes, there's an opening here.
And he got in there and he won.
Say what you like about Clinton, but he lived up to that SAS motto: who dares wins.
And we need, if you think you're a great president, but you'd rather sit it out till 2016, you don't have what it takes to be president.
Because if you have what it takes to be president, you should get in the game right now.
Thanks for your call.
Steve, got to take an EIB profit center break.
We will return momentarily.
Mark Stein for us, you know, this is going to be, I would say, the dirtiest and most vicious election campaign you've ever seen.
Basically, the media perpetrated a fraud on the American people last time.
The American people are culpable.
I mean, 53% of voters voted for Obama.
But basically, the media didn't do their due diligence on that.
They sent everyone up to Wazilla to poke around in investigating second cousins of boyfriends of Sarah Palin's aunt's teenage babysitter.
They were doing that all time, non-stop, and they didn't do any due diligence on Obama.
This time around, people have got the message on Obama.
And so they're going to, the Palace Guard, actually, they're not even the Palace Guards.
They're more like this kind of eunuchs in the harem, the eunuchs in the Obama harem, the mainstream media.
And they're going to be standing around him, protecting him even more.
Gallup, Gallup, by the way, we're being told now that the Republicans are getting the blame for all this debt ceiling stuff.
Don't you believe it?
Gallup's got a poll today showing Obama trailing generic Republican, generic Republican, Obama 47%, generic Republican 39%.
Do you know generic Republican?
I like generic.
I mean, I like Marco Rubio.
Well, I like Marco Rubio.
I like Michelle Bachmann, but I like generic Republican.
But, you know, the media will be doing a number on generic Republican, just like they did to Sarah Palin and Michelle Bachman.
You know, I think, who was it?
Bill Maher's guests were saying they wanted to have, what was it, violent hate sex with Michelle Bachman.
And they, no, they were saying Bill Maher had a perfectly balanced liberal panel.
He had one liberal heterosexual male and he had one liberal gay male.
And the liberal heterosexual male said he wanted to have violent hate sex with Michelle Bachman.
And the liberal gay male said he wanted to have violent hate sex with Rick Santorum.
This is the level of political discussion.
Bill Maher on HBO.
If you subscribe to HBO, you are paying for Bill Maher's sad, pathetic, loser liberal guests to fantasize, to explore their rape fantasies on TV for the cost of your subscription.
But you know, they do it right.
They're doing it down to Michelle Bachman, Rick Santorum.
Bill Maher's guests will be saying they want to have violent hate sex with generic Republicans soon, too.
Andrew Sullivan at Newsweek, the guy who thinks that Sarah Palin didn't really give birth to Trig Palin.
He'll be wondering whether generic Republican is really the mother or father of his or her child, as the case may be.
They're making jokes that Michelle Bachman's husband is secretly gay.
Well, they'll be making jokes that generic Republican's husband or wife is secretly gay or lesbian.
So if you like generic, and I like generic, generic's, I think generic, what is generic, a two-term governor or a three-term congressperson?
Whatever generic is, I think I like generic, but I think once they start doing the, is generic really the mother or father of his or her child stuff, they'll be destroying generic Republican too.
So you don't want to, you've got to be ready for that.
This is going to be the dirtiest.
This is going to be the most vicious election campaign if you think it was bad through the years of this century.
If you think with the Florida recount and then the 2004 and then 2008, this time round it's going to be, because this is make or break for big government and the whole media Democrat complex, every single member of the Palace Guard, every single court eunuch in the mainstream media are going to be protecting this guy like they used to protect the late period Ottoman sultans,
the ones who were too inbred and were kind of born insane and they weren't allowed to let out of the palace.
That's about Obama is a bit like that.
It's not safe to let him wander too far from the teleprompter and all the rest of it.
The court eunuchs.
The court eunuchs are going to be, well, Mr. Snadley says it's going to be fun.
It's going to be fun, but it's going to be real down and dirty.
Take my word for it.
Generic Republican is going to be roadkill by the time the media are through with them.
So be careful of that and be alert to that.
Mark Stein for Rush, lots more to come.
Mark Stein in for Rush on the EIB network.
Don't forget, Rush returns invigorated to take you through the rest of the week tomorrow with a full three hours of premium strength excellence in broadcasting.
And I'd like, I was thinking about Rush's two-if-buy-tea iced tea, and I would like him to introduce a New Hampshire brand called Live Tea or Die.
Can you take care of that, Mr. Snadley?
I think it'd be nice for us to serve at Ice Station EIB.
I think we should have a special New Hampshire flavor of the iced tea.
Live T or Die.
Live T or Die.
Rush returns tomorrow.
Borders, the 40-year-old bookseller, no storybook ending for Borders.
They could start shuttering.
It's 399 remaining stores as early as Friday.
The bookstore that pioneered the big box bookseller concept is going to be leaving.
That's going to be great for the general agreeable atmosphere at the shopping malls.
Big, empty, shuttered spaces where Borders used to be.
Borders went into bankruptcy, and there will be no chapter 11 for borders.
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