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July 25, 2011 - Rush Limbaugh Program
36:53
July 25, 2011, Monday, Hour #1
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Time Text
Welcome to today's edition of The Rush 24-7 Podcast.
And a question about a world markets.
They didn't plummet, did they?
No, all week long we told.
We got to get this done.
Obama on Friday at that petulant, childish cracking up press conference.
Everybody, I mean, even David Brooks was disappointed at the deportment of the one.
I mean, all of these inside of Bellway intellectuals are totally savaged by the one's behavior on Friday.
It was the strangest thing.
By the way, greetings and welcome back.
Great to be back in the EIB Southern Command.
Ditto Cam is up and running.
Happy to have you here, folks.
Our telephone number, if you want to be on the program is 800-282-2882.
So, you know, I'm we're we uh Catherine and I are in uh Boston.
And we flew in, we got it at Boston at 4 a.m. on Thursday.
I had a I had a meeting in Los Angeles at 6, and it ran a couple hours, and we hightailed it to the airport to Van Nuys, and we split the scene.
We arrived in Boston uh for funeral the next morning at 10 o'clock, which we wanted to make sure we arrived there at 8.15, 83.
So we got in there at 4 o'clock, and and and uh the funeral was uh we went to the burial site.
That was most of the day.
And we just we were gonna spend the weekend in LA chill and and cool out.
So we decided to stay in Boston for the weekend rather than head home.
And on Friday afternoon at uh at 5 o'clock, and I'm I'm sitting, you know, I'd I'd uh you know, I think all of the money that I have spent over the course of my uh career and life at uh Apple products, I went to my first Apple store.
Actually went.
I went inside an Apple store.
Oh, yeah.
Yeah, yeah, I was recognized.
That's no big deal.
I w I walked in the Apple store and I bought a bunch of things I didn't need.
Uh, and then went back and was playing with them.
You know, new OS 10 stuff, I got a couple little MacBook Airs, an 11-inch job, a little 13-inch, that 13-inch.
I call it the baby.
It's cool.
Anyway, so I'm sitting there, and oh yeah, I bought a little about a minute I'll unfold it here in a second.
It's the cutest little thing.
Uh but anyway, I'm I'm I'm playing, and all of a sudden I start getting emails from people, boy, Obama's acting like a child at this press comp.
Boy, Obama is ticked.
And it's 6 o'clock on a Friday.
And I'm saying, no, no, no, this has to be email from yesterday.
What what so I went in?
I turned on the television, and lo and behold, the world is blown up at 5.30, 6.30 on a Friday when everybody's gone.
This is unprecedented, and Obama is acting like the guy I know he is.
Childish narcissist, whimpering, blaming everybody else, certainly not, of presidential stature, and even to the point that all of his supporting comrades in the stenography corps, also known as the press, were also alarmed over this.
And then Obama finished, and Boehner's gonna answer at 7.15.
And this was the press conference where Boehner refused to accept Obama's call.
And I said, My gosh, what am I missing here?
I'm getting all this in the emails.
You know, as I'm toying around with my new toy, so I said, I gotta go turn on the television.
So Obama refu uh calls Boehner.
Boehner refuses to take the call, refuses to go up to see the guy uh at that moment.
The request was for 11 o'clock Saturday morning, and then Boehner's gonna have his own response at 7.15.
And at the time, I I looked at Kat and I said, you know, this is substantive stuff.
Boehner's just throwing it right back and slapping him in the face here.
Cut cap and balance, balance budget amendment.
Boehner said, you know what?
I can't work with you anymore.
You know, you sit here, we had a deal, and by the way, my antenna went up on this.
We had a deal on $800 billion in revenue.
I said, where'd that come from?
That was the first I'd heard of that.
And then Obama at the last minute wanted to add 400 billion dollars To it.
Thankfully, Boehner said, I'm out.
You know, it's like a bowl of jello.
I can't deal with you.
I'm gonna go back and I'm gonna deal with Senate leaders and we're gonna get something done.
So Obama, no!
If we come back, William Hackham, you'll be here at 11 o'clock tomorrow morning summoning these people.
You know, at which point Boehner said, you know, the way the Constitution works is that we in Congress basically write the laws, and then you decide whether you want to sign them or not.
Little constitutional lesson.
So on Friday night, I'm I'm feeling pretty optimistic about the way things are hanging tough because as you know, when we had left the program on Thursday, um Speaker Boehner on the last segment of the of the program, and you know, you were you were melting the Capitol Hill phone lines on Thursday with all the leaks coming from the New York Times.
You remember the horrible story is a deal had been cut.
Turned out that it uh that it hadn't.
So they're working feverishly over the weekend.
They had their meeting on Saturday at the White House, lasted 50 minutes, and it was more the same.
Uh Boehner to Obama, yes or yes, or three bags full, and they leave.
And then over the weekend, you know, it's uh it's uh it's grinding the fingernail time because they're starting to talk to McConnell, and that's always a risky thing given what Senator McConnell wants to do.
And in Dingy Harry, have you seen the pictures by the way of Boehner and Dingy Harry and uh uh Obama, I guess it's in a cabinet room.
Not sure which room it is, but Dingy Harry sitting there with this just.
I mean, you you you just you just want to slamp the facial expression off his face, his nose and face up in here like he's too big to be there, and Obama with the same kind of arrogance on his face, and Boehner looking like, what am I doing here?
So it all breaks up, and they start working feverishly over the weekend, and then Obama in that press conference that he had on Friday, you know the markets are gonna open Monday.
The markets are gonna open Monday if we don't have a deal.
I can't promise interest rates aren't gonna skyrocket.
So here comes the next threat, the next crisis, the next Armageddon, Asian markets first to open, and lo and behold, watching the news yesterday, tracking the Asian markets.
What will the Asian markets do?
So now we gotta do what we're gonna do to save the Asian markets.
And everybody knows what this is.
It's just the latest dog and pony show, the latest lame attempt by the inside the beltway ruling class to get us jittery and frightened about our credit rate.
Meanwhile, our credit rating had already been downgraded by uh by an outfit.
Let's do I have it here.
Let's see.
But there we'd already been downgraded last week, and it wasn't because of the debt limit, it's because of our unserviceable debt.
And everybody wants to think that our credit limit credit limit is is being tied to whether or not we uh here it is.
The debt limit's not.
It's tied to unsustainable debt.
This was from uh July 18th.
It's a week ago.
I just found it on uh on on uh what was it sent to me on well, yes, Thursday or Friday.
Credit rating agency, Egan Jones has cut United States top credit rankings, citing concerns over the country's high debt load and the difficulty the government faces in significantly reducing spending.
Nothing in here about the debt ceiling as the reason why Egan Jones cut our rating.
And this is true, this is right on the money.
The debt ceiling is not the primary concern, it's all of our unfunded obligations, the out of control spending.
So, where are we?
Where are we?
Well, this morning at about an hour and 15 minutes ago, I answered the phone.
And on the other end of the phone line was the Speaker of the House, John Boehner.
And Senator or Congressman Boehner, the speaker, filled me in On what is the latest proposal on the table?
What's going on is that Boehner and Reed and McConnell are working among themselves.
Boehner told Obama that Obama got aggravated even more, that he has been left out of this.
I'm told that that Senator McConnell is in a better position than he has been lately.
He's on a better page than he's what.
He's on the same page with Boehner now.
So the deal is that they're going to offer Obama.
Take notes if you want.
$1.1 trillion in cuts.
$1 trillion in debt increase.
The debt limit increase.
First round.
They are going to appoint six members of each chamber to recommend the cuts.
So we're going to go back to something like Simpson Bowles.
Only this one's appointed by the Congress.
Each congressional leader, two from the House, two from the Senate, will get three appointees.
No names were mentioned to me.
So the House will get six members on the commission.
The Senate will get six members on the commission.
Congressman Boehner would not tell me who he's going to put on the commission.
This short-term deal has no tax increases in it.
It's 1.1, 1.2 trillion dollars in cuts and a $1 trillion increase in the debt limit.
Speaker Boehner said to me that these are not accounting gimmick maneuvers.
These are real rate cuts.
There will not be any defense cuts in the 1.1 trillion dollars.
The second round, and there is a and now this is the whole deal that Obama has to accept the second round would require a vote on the balanced budget amendment.
So the cuts are real.
They're not accounting gimmicks, as I was told today.
No defense cuts.
The uh question was will the cuts be now or later.
And the speaker said the 12 members of the blue ribbon panel will make recommendations on what's to be cut and when.
Then after all of that's done, they take a vote.
So we don't know what the cuts are, and we don't know when they will occur.
Thank you.
The I asked Congressman Boehner uh, what do you do after this runs out?
He said, Well, that's the point.
This takes us through next April.
We have to do this all over again next April.
This is something like a six to nine-month deal.
And it it it in other words, what they're denying here, and I think this is from a political standpoint, it's important they are denying Obama what he really wants, and that is a deal that raises the debt limit beyond 2012.
He wants something done today that will take them through and beyond the election.
And Boehner is saying that's not gonna happen.
I'm not gonna make a deal with a guy who's more concerned with his re-election than he is for the country.
January, February, March of next year is when this debt ceiling will perspire, and they'll have to go through it all over again.
But there will be recommended cuts so forth.
This is what's going to be proposed.
So we don't know what the cuts are.
We don't know where they are, and we we we know that the commission of 12 members of both houses will decide and vote on the cuts.
Now we have to assume they're gonna be liberal Democrats on this committee.
You have to assume if the Democrat leaders, one in the House, one in the Senate, they each get to a point three.
You know they're gonna be some statists on there.
So the cuts are thrown to a committee.
The cuts are not actually being proposed in this.
So you could sit here and say, well, this is what happens.
You farm out the really tough choices to a blue ribbon bunch of people who are not standing for re-election, who don't have to worry about that.
On the theory that you'll get the honest tough choices from them.
But you also will get purely partisan political choices from the left as well.
So that basically is the summation of the deal that's going to be presented to Obama.
Now, over the weekend, I really had the I had the sense that based on his performance and his I do think he's cracking up.
I I do think that he's losing control here.
This doesn't happen to him.
This is not happening.
When he summons people up, they show up.
He says he wants this, he's always gotten it.
This is not the way this was supposed to play out.
The way this was supposed to play out, he proposes nothing.
The Democrats and Obama proposed nothing.
The Republicans propose all the details, the Democrats reject them, send them back to do it again.
The Republicans end up negotiating with or compromising with themselves.
As I adroitly pointed out, Speaker Boehrer on the phone Thursday.
You're compromising with yourself at some point.
It's got to stop.
So we shall see.
Now it's up to Obama to accept this.
I thought on Friday they could send him anything and he would accept it.
I thought he was that panicked.
Over the weekend, I thought at this point he'll accept anything because he's not winning this now.
The polling data, he is not winning this.
I got the backup here.
He's not winning this.
He's not pulling the wool over people's eyes on this.
There's too much of a record.
There's nearly three years of Obamaism for people to judge.
April comes up again for every March.
April.
Not a bad time for this to come up again.
Tax time?
We'll see.
I have to take a break here now, folks.
I'm still assimilating all of this, if you will.
It's all coming in the fly.
Or on the fly.
Maybe in the fly.
I mean, it used to be you could prepare the program, do it.
Now, why even prepare it?
Because it all happens while a program's happening.
It might well be the grand emasculation of an American president.
Obama is the odd man out.
Ladies and gentlemen.
Now they talk about the markets.
The Asian markets.
The Asian markets were going to open today.
If we hadn't done anything about this, why who knows what would happen?
The Asian markets.
The Asian markets.
Would any of you people in the media try to show some empathy for the people whose lives have been destroyed by this administration, as you are showing for the Asian markets?
Would some of you please try to show some concern whatsoever for the people whose lives have been turned upside down by the policies of this regime?
The markets have already adjusted to this.
The markets are well aware of what our debt is.
They're well aware of the politics here.
And even if they tank, they'll bounce back.
I understand.
Trillions in debt, 1.1 trillion in unidentified cuts.
Now, we're all supposed to rally behind this.
Did all those Asian markets go into free fall?
I don't think so.
Well, All this Armageddon that was supposed to happen didn't happen.
So here you have Washington spending Freely, regardless of the consequences, which takes no courage, by the way.
But when it when it comes time to clean up the mess they created, look at it.
There's really nothing serious going on in in real terms of cuts and spending, but on the political side of this, Obama is the odd man out, and he knows it.
And he's trying to figure out what happened.
You know, where is it?
Why am why am I not part of the deal?
Hey, you know, I'm so here.
Uh I'm relevant.
Mr. President, you really aren't part of this.
You don't have a plan.
Nothing from you on paper.
And if what I heard today is true, and if what Boehner's been seeing saying since Friday when he failed to return the phone call, they've decided, Mr. President, until you get serious, you're not anybody who can be dealt with here.
You don't get to play the role of adult refereeing what all the kids are doing.
You're not even in the game at all.
Okay, the headline is Reed Caves on debt deal.
It's an AP story.
Let's see.
Democrat Republican congressional leaders shopped competing debt crisis solutions, and President Obama canceled fundraising appearances today.
By the way, that's big.
Obama canceling a couple of fundraisers.
Tell me.
Don't doubt me.
That is huge.
He wanted to act like he didn't care.
He wanted to act like he was in a driver's seat.
He'd go off and be raising this money, which he desperately needs.
Now let's talk about Obama getting up there to a billion dollars.
But he hasn't canceled, or he has he has canceled the two fundraising appearances today as a politically gridlocked capital lurched into a climactic full week before the August 1st Ramadan and the August 2nd deadline.
Even amid acknowledgements by U.S. leaders of the need to reassure jittery investors, world markets slipped, and both the Dow Jones and Standard and Poor's 500 were down in early trading.
Not much.
There wasn't any kind of a collapse.
House Speaker Boehner had dingy Harry planned to unveil separate deficit reduction plans with their respective House and Senate caucus after the Obama White House and Congress made a little apparent headway in private talks over the weekend.
Boehner said to meet with his chamber's Republicans to discuss the Republican idea.
So it appears that Reed is signed on to the Republican deal here.
He is caved on his own.
Now don't I kind of hesitate to use that kind of language because the Democrats really, in terms of caving, the governor of Minnesota caved on the government shutdown there, there's no question.
And the uh Democrats have been known to cave.
This uh, ladies and gentlemen, does appear like uh uh Boehner's idea is the one carrying the day, and it it is Obama the odd man out.
Obama's not part of this.
What's gonna happen is whatever they put together in the House and Senate is gonna be set up there for him to sign without his input in it.
It's gonna be up to him.
Now forget for a moment what's in it.
This is what I always thought the procedure should be.
He's the one that has to make these decisions.
By the way, it's now coming out all over the place.
Social security checks will go out if there is a default.
It is now starting to surface everywhere that the reason the credit agencies is concerned is not that we're not gonna raise the debt ceiling.
It's that the debt that we have right now is unsustainable, and that there's nothing on the table that addresses that.
Look, anybody who is honest at debt rating service is not gonna start whistling Dixie and having hand claps and throwing big time champagne parties because a country in spending trouble has just said, hey, guess what?
We're gonna spend a couple trillion more.
That's not how a genuine credit agency reacts.
Because the problem is spending.
And if there's nothing done to attack the level of spending, the credit rating is by default going to plummet.
Pure and simple.
Audio soundbite.
Let's start with uh number two.
Now, this, as you know, I was uh off there on Friday, Mark Stein was here.
Toward the end of the program on Thursday, Speaker Boehner called here.
All hell was breaking loose.
The New York Times had that leak that a deal had been done.
That Boehner and Obama were working behind the scenes, despite what either was saying in public to work in a deal.
And then Fox had a crawl that a congressional staffer unnamed said, Yep, there's a deal.
Three trillion dollars in cuts and no revenue.
And what turned out, folks, it was Democrats across the country who were as livid as anybody at being sold out.
In fact, AP or CNN.
CNN had a story over the weekend, Obama losing support among liberals.
Now the purpose of that story, CNN was trying to buck up the liberals out there.
Hey, don't leave your guy hanging.
He needs us.
That was the point of the story.
But it was true.
That's why they published it.
Obama is in trouble.
He's in trouble with practically every demographic group that voted for him.
Other than, of course, African Americans.
So Boehner calls here on Thursday.
Last Thursday and Friday, the media just upset.
They thought they had a deal.
And then Boehner called here.
And it ticked him off.
We have a montage of various leftists in the media freaking out after Boehner's phone call to me on Thursday.
The president takes his case directly to the American people.
And speak of John Boehner, he'd rather talk to Rush Limbaugh.
John Boehner by day talks to Rush Limbaugh and by night is holding secret negotiations.
John Boehner went on the Rush Limbaugh radio show very quickly.
Speaker Boehner is on the Rush Limbaugh program and said there's been no deal publicly or privately.
So that's what the official word is right now.
Listen to Boehner himself earlier today on Rush Limbaugh's radio show.
No deal, no deal, no deal.
Still feeling he had to make it absolutely clear that he had not moved one inch in the president's direction.
The Speaker of the House called the commander-in-chief of the Republican Party, Rush Limbaugh.
Lawrence O'Donnell of MSNBC.
Then on Sunday morning, the syndicated inside Washington.
During the round table discussion, the host there, Gordon Peterson spoke with uh Colbert King, nicknamed Colby of the Washington Post about Obama, the debt seating negotiations and me.
Gordon Peterson said, How's this plan to independence?
That's where the action is.
It was there in 2008, 2010.
What we also had operating here is such an anti-Obama mood that it's almost difficult to get anything done.
Listening to Russian numbers, his biggest concern was Republicans should do nothing to help Obama.
There was no reference to saving the country.
There's no such reference to averting disaster with the debt ceiling.
It was a question of helping or hurting Obama.
Mr. Mr. King, no, no, no, that's not Mr. King in a way is exactly right, Snertley.
He's exactly right.
The point is you can't save the country if you don't defeat Obama.
It's my point.
Take you back to January 16th of 2008.
I hope he fails.
I didn't want any of this.
I didn't want 10.2% unemployment.
I didn't want houses underwater.
I didn't want what this country is now, has become.
The way to prevent that would have been for Obama to fail in his ideas.
So for Colbert King said, Rush Limboy's biggest insurance was Republicans should do nothing to help Obama.
Damn right.
Damn right, helping Obama hurts a country.
I'm all about saving the country.
I'm all about the people of this country returning to circumstances where prosperity is theirs if they seek it.
I'm all about that.
I'm all about people working hard and keeping most of what they earn to use as they please in their own self-interests, which of course would include their children.
Their spouse, their families.
Of course I'm all for that.
I'm not in favor of Obama having control over all the money.
And choosing to whom to send it to distribute it or redistribute it.
So Mr. King is confusing my love of country for sabotage of Obama.
So Rush Limbaugh is the biggest concern.
No reference to saving the country.
Every syllable out of my mouth is oriented towards saving the country.
Every waking moment, every thought I have during preparation of this program, even when I am on the golf course.
I care, folks, maybe too much.
It distresses me to see what has happened to this country and to know it need not have happened.
To know that it happened because of policies implemented by someone who, I don't care, is either clueless or is himself a saboteur.
This point, I don't care.
Does it matter because if he's either, it's happening.
It honest to God pains me.
It really, really does.
I had, I'll share with you a brief inside baseball moment.
I don't know, it was internet chat or an instant message chat or something late.
Maybe it was early Saturday morning, still in Boston.
And I was talking to a couple friends who have their own shows.
And they were asking me.
How is it different now than say back in the nineties, early and mid-90s, Clinton and so forth.
And I said dramatically different.
Look, I'm not tugging your heartstrings here, I'm trying to be honest.
In many ways, it's harder than ever to do this show at a top-notch level.
And the reason, the reason is it radio is an entertainment medium.
People tune in here and want to be entertained, and they want all that that encompasses.
Same time they want to be seriously informed.
Now back in the late 70s when Jimmy Carter's bumbling around, I mean, that was easy to ridicule.
It was easy to make fun of.
And Clinton.
You know, Clinton had uh Obama type designs on this country.
But he was nowhere near bringing it off.
And back then the Republicans were winning elections in the House, and back then they were for a couple, three years terms governing that way.
We had a balanced budget.
I mean, we were kick-ass.
And it would and we discovered the House Bank.
We were, you know, Clinton making uh all these comments about there being no truth detector.
Today, there's plenty of stuff to ridicule, and there's plenty of stuff to laugh at, and there's plenty of stuff to make fun of.
But it's, I must be honest, it's harder and harder to do that.
It's harder and harder to laugh at things which have destroyed people's lives.
It's harder and harder to ridicule.
I mean, what's what's funny about what's happened to the housing market?
What's funny About what's happened in unemployment.
I mean, I'm it's not impossible.
And we have our share of fun with all these things.
But at the same time, there's this fine line balance.
People's lives are being destroyed here.
People know that their futures are being cut out from underneath them.
In the past, the country was nowhere near as near at risk as it is today.
At no time in the past was it accurate to say four more years of President X, and this country as we've known it ceases to exist.
That is today's reality.
Four more years of an unchecked, unstopped Obama and America as we know it is transformed in ways that people have no desire to see it.
Obamacare is just one illustrative element.
So I I don't see any humor in people being on unemployment for 99 weeks.
I see humor in individuals who've been on unemployment for 99 weeks who make no effort to get off who make fools of themselves.
That's but the overall circumstance for this guy, Colbert King, in his glorious ignorance, to sit here and say that I have no interest in saving the country is just pure lunacy.
Ignorance or what have you.
He clearly doesn't listen.
He reads whatever talking points.
You and I together are trying to save this country.
The people inside the beltway don't think it needs to be saved.
They don't look at it that way.
This is just another round of spending, national debt goes up a little bit.
All these things, just a business cycle.
To them, number one thing is conservative Republicans don't end up in power.
Because then the country will be saved.
They don't want it safe the way we do.
Anyway, a little long brief timeout, sit tight.
Did you know, ladies and gentlemen, almost no temperature records were broken in last week's record breaking heat.
It is remotely possible because what we got in news reporting last week was a bunch of untruths.
It was a bunch of lies.
Record-breaking, quote-unquote, U.S. heat wave breaks records at less than 0.4% of all stations reporting last week.
Okay.
I was in Boston.
In Boston, the heat index was reported to be a hundred and three, a hundred and ten, hundred and twelve.
They weren't even bothering to report the temperature.
I found it.
The temperature in Boston on Saturday, or maybe it was Friday, hit 102.
One degree short of the record.
Which do you know when the record of 103 was 1926?
So the point is there is almost nothing true in mainstream drive-by media.
Everything being reported today is to advance a political agenda of liberalism.
Because of course, record breaking heat may last for weeks.
Giant dome over two-thirds of country.
No relief in sight.
People stealing copper, people stealing air conditioners.
It's ever been never been seen before.
All of it lies.
Well, the crime reporting probably wasn't lies.
But the temperature, all of it was lies.
So that On air doofus TV meteorologists could dutifully follow up with global warming.
And how about those deniers?
Media Myth debunked almost no temperature records broken last week.
Live it, love it, dig it, whatever it takes.
You know, with Obama reeling the way he is, how about just a 10% across the board cut?
How about a return to 2008 spending levels?
How about a return to 2006 spending level?
How about in 1997 they left Clinton?
Not gonna happen at the moment.
Just some pondering coming out of my uh my shining aural cavity.
Alright, a brief time out here, folks.
Sit tight.
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