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Aug. 9, 2011 - Rush Limbaugh Program
36:23
August 9, 2011, Tuesday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
All right, did I call it or did I call it?
Stock market as we speak was down over 600 points yesterday.
Now up to 10.
So I checked the email.
You told us it would be up today.
You knew it would be up today.
Is it up for the reason that you said?
And I'll be honest with you, only partially.
I was partially right.
But for the most part, the market is up today because it's a spoiled baby crying to Daddy Bernanke for QE3.
They are expecting, the market boys are expecting the Fed to move in with a new policy, print some more money.
This market is up, as they say in some quarters on the come.
Greetings, folks.
Great to have you with us.
It's El Rushbaugh, the all-knowing, all-caring, all-sensing, all-feeling, all-concerned, all-everything maha-rushy, sitting here behind the one and only golden EIB microphone at the Limbaugh Institute for Advanced Conservative Studies, Ideological Purity.
Telephone number, if you want to be on the program, 800-282-2882, the email address, LRushbaugh at EIBnet.com.
All right, Snurdly, why are you trying to distract me with this look on your face?
What's the problem?
You can't believe he's blaming other people?
You can't believe he's...
I hope he keeps blaming other people.
It isn't working anymore.
I mean, this is not fine, but he is blaming other people.
In fact, in fact, get this.
He had two fundraisers last night.
Our esteemed leader, so obviously upset about the state of the economy that he still managed to attend two more campaign fundraisers last night.
And it wasn't even his birthday.
I mean, that's really a tribute, folks, to the indomitable human spirit of a debt man walking.
Barack ellipse now, Obama getting.
In fact, they were talking about that on Fox this morning.
The Fox and Friends, a co-host, weather guy Steve Goosey was talking, Doocy, talking to Eric Bowling of the Fox Business Network.
And Doocy said, you know, Rush Limbaugh said yesterday, he said Obama's a debt man walking in 2012.
He went on to say, Obama getdon, that's now what we've witnessed since Friday.
It's Barack Ellipse now.
Can I point out how important what Rush just said is?
There are about 10 or 12 states that are rated AAA right now.
At some point, the ratings all tied together to say, hey, they're getting a lot of their funding from the federal government.
If they're getting federal government at double A-plus ratings, there's no way they can survive a AA rating.
And that is going to affect millions of investors.
Yeah, that's important what I said yesterday.
Important every day, folks.
We all know this.
Obama is out blaming everybody else.
But get this.
From the Associated Press, the headline says it all.
Obama sees political opportunity in debt crisis.
President Barack Hussein Obama, says there's good news.
Folks, there is good news from the bitterly partisan debt debate.
It's made people so frustrated with Washington that Democrats will be able to draw a clear divide with Republicans heading into the 2012 election.
President said that the public thought divided government might make some sense, but not dysfunctional government.
He said he thinks that they're not persuaded by what he described as Republican strategery of slashing spending on social programs.
This is all it ever was.
It's a political opportunity.
The thing is, there already was a clear divide.
We have had a clear divide for decades.
It has just now come into clear focus with the election of Barack Obama.
The question really is: are we going to have a nominee on our side that will take advantage of this divide?
Are we going to have a wimp?
Are we going to have somebody who's not going to be willing to take the village?
Obama is out.
Folks, Obama and the White House have made it clear what their campaign strategy is.
They do not have a record to run on.
And so they're not even going to make a pretense of running on their record.
They are on a search and destroy mission.
They are going, and with the media's help, and you see what kind of assistance they can get from Newsweek with the cover they photo did of Michelle Bachman, it's going to be search and destroy.
Whoever it is, if it's Romney, the White House is saying, we are going to destroy the Republican nominee.
We're going to attack personally.
We're going to attack politically.
We're going to do that.
And that's all they've got.
They can't run on their record.
So Obama's looking at this as a political opportunity.
Now, you know, yesterday we had a quite interesting program, and I opened up asking, can there be any doubt now that this is on purpose?
And I talked to some people yesterday afternoon, last night, friends of mine, and they said, you know, I agree with you, but I just don't.
I don't want to think it.
I don't want to think it.
And I know that a lot of people don't want to think that the country has as a president somebody who so abhors the way the country was founded and so abhors capitalism that his objective is to destroy it.
They know it.
They don't want to believe it.
It is a tough thing.
Now, maybe it is just a coincidence.
Let me try it a different way.
Maybe it is just a coincidence, after all.
But if I want you to think about it this way: if someone really was trying to destroy this economy, wouldn't they do precisely what Obama is doing?
Let me ask you this.
If somebody was really trying to destroy this economy, what would they do differently?
Maybe think about it in those terms.
What would they do differently?
Keep in mind now, if you're president and your objective is to destroy the economy, you have to do it.
Some you can't come out and ever say that's what you're doing.
In fact, you have to make it look like you're doing just the opposite.
You have to make it look like, by virtue of what you say, that you want jobs to be created, but what you do doesn't do anything of the sort.
What you do doesn't cause anything other than total chaos and economic destruction.
What would you do differently if you wanted to destroy this country and you were president and you knew the limitations that were on you?
You have to do it while making sure people don't understand or believe or accept that's what you're doing.
What would you do differently than what he's doing?
Somebody tell me.
Maybe look at it that way.
Well, he'd raise taxes if he could, and he has.
He'd raise taxes if he could.
And he's going to continue to preach.
Look, he came out yesterday.
What did he say that the SP downgrade means?
You're going to raise taxes on those who can most afford it, who are not paying their fair share with unemployment, real unemployment at 11.3% to 20%.
How can he approach the people of this country and tell anybody in this country that they're not doing their fair share?
People's homes are destroyed, $2 trillion in asset value, the stock market destroyed.
401k is gone, Keo plan is gone, and he has the audacity to tell people that they're not doing their fair share.
How do you say that in a circumstance like this?
You say something like that, maybe during times of prosperity, but not in the middle of economic wreckage.
People aren't doing their fair share.
We talk about what shared sacrifices, is that the term?
When's he going to start sacrificing?
When's the government going to start sacrificing?
Who isn't sacrificing already?
You're watching their own economic life destroyed and probably the economic futures of their children and grandchildren and even their sperm.
They can look at it that way.
People's sperm taxes are being spent already.
People's sperm don't even have a chance, folks.
If this keeps up.
And, you know, why wouldn't Obama be happy with the U.S. having its credit rating downgraded?
He says it's a political opportunity.
It's a political opportunity to show the divide.
He's looking at it a political opportunity today.
Hadn't he always wanted to see America brought down a peg or two?
Somewhere you know that Jeremiah Wright just has to be happy as he can be.
America's chickens coming home to roost.
Here we go.
We continue with the audio soundbites.
They got some fun ones here today.
Yesterday in Gilbert, Arizona, McCain held a town meeting.
And during the QA, an unidentified woman said, I'm just asking for a simple apology.
Do you apologize to calling the Tea Party hobbits?
I said that if anyone misunderstood.
Yeah, I'm very sorry.
But I'm sorry if it was misunderstood.
I am not sorry for what I said.
Oh, why should I when it's the fact?
So the Tea Party shows up at a McCain town hall.
They want him to apologize for calling them hobbits.
He says if anybody misunderstood what he said, he was sorry.
A woman says, is that your apology?
I'm sorry if it was misunderstood.
I'm not sorry for what I said.
I mean, why should I when it's the fact Tea Party is hobbits to come to and McCain represents the Republican Party?
That is your Republican Party today.
That's who they are.
The Republican Party establishment, particularly in New York and inside the Beltway.
That is exactly who they are.
Al Gore went nuts.
Thursday.
I know this is, this coincides.
This coincides.
It was last Thursday in Aspen.
And last Thursday, we had a field day with global warming and how it's all a hoax.
And we just, I forget the specifics, but we just, evidence after evidence after evidence.
You know, the guy that took all those fraudulent polar bear pictures was going to be investigated for journalistic fraud and so forth.
And all kinds of that stuff.
So Al Gore was at the Aspen Institute during a panel discussion on networks and citizenship.
He talked about global warming and he lost it.
They pay pseudo-scientists to pretend to be scientists to put out the message.
This climate thing, it's nonsense.
Man-made CO2 doesn't trap.
It may be volcanoes.
Bullshit.
It may be sunspots.
Bulls.
It's not getting warmer.
Bulls.
When you go and talk to any audience about climate, you hear them washing back at you the same crap over and over and over again.
It's no longer acceptable in mixed company, meaning bipartisan company, to use the god word climate.
It's not acceptable.
They have polluted this to the point where we cannot possibly come to an agreement on it because of this organized activity.
This exactly, this is what we all want to know that is happening in the dark corridors of the left.
We want to know that they're all reacting this way to everything that's going on.
Al Gore just lost it.
You remember now Friday night on HBO, Christina Romer out there and admitted that the intercourse or the economy was intercourse when we were intercoursed.
And here's Al Gore, every other word bulged.
And God and he didn't use the word intercourse, but he got close.
And the outfit he had on.
Oh, I did.
I did.
And he was flailing around saying all this.
Maybe volcanoes bulged.
Maybe sunspots boost it.
It's not getting warmer.
Bulgar.
When you go and talk to any audience about climate, you hear them washing back.
Hey, same crap over and over again.
No longer acceptable to use the God word climate.
And this.
Isn't this what we hope they're all doing when they talk to each other and themselves?
In fact, we know they are.
We know they are.
Al Gore just happened to let loose in a moment of lost discipline at the Aspen Institute.
He must not have gotten a memo bus civility.
You know, this is the Aspen Institute.
That's Walter Isaacson's joint.
This is where all of high falute and hoi polloi gather and sit around and talk about stuff.
And Charlie Rose moderates it.
I don't know if Charlie Rose was there, but he was.
He lost control.
Al Gore.
Okay, we're going to take a break here.
I will go into detail about them.
Let me see what the market is here.
It's up 213.
It really is, for the most part, up because investors are expecting exactly what I said yesterday, expecting one of two things.
They're expecting the printing of more money, QE3, which would end up buying securities, or they are expecting what I, you know, I didn't predict it, but I told you yesterday I wouldn't be surprised if it happened.
And that was the Fed buying stock futures.
Now, they wouldn't be buying futures during the actual day the market is open, but they would overnight.
But they are expecting the Fed to buy something.
They're either print money or buy stock and bring it back.
And it's up on the come.
It's a performance today, the market up on balsa wood.
It really depends on what the Fed does as to whether or not this holds.
I got to take a break.
We'll take it.
We'll be quick about it.
Be back and continue here on the EIB network before you know it.
Not only are Democrats taxing sperm, Another way to look at it, the Democrats are taxing babies that haven't been aborted yet.
And they want to do even more of it.
Great to have you, Rock, Rush Limboy, and the Excellence in Broadcasting Network.
As usual, half my brain tied behind my back just to make it fair.
Do any of you wonder why what's happening in London is happening?
Do you, let me just ask you, Dawn, you don't have to say anything.
It is nod, yes or no.
Do you know why the London riots are happening?
Say yes or no.
There's no, no, it's not a trick question.
I'm just, I'm just doing a survey.
Don't be afraid.
Okay.
Forget, Dawn, I didn't ask you.
Hazel?
Okay, no.
Snerdley, do you, you know why they're happening?
Why are they happening?
Why are the London riots happening?
Mm-hmm.
Right.
Okay, forget allegedly what's it really all about.
Okay, really, hooliganism.
Brian, do you know why the London riots are no clue whatsoever?
Most people have no clue what the London riots are really about.
And it's not hooliganism.
Hooliganism is the result.
Hooliganism is what's happening.
But it isn't why.
Well, I'm going to play for you why.
And what you're about to listen to is the equivalent of Obama voters in this country.
And we're not far from this.
This was last night on the BBC.
During the riots, the BBC's Leanna Hosea interviewed two unidentified women protesters, and this is how it sounded.
You've been drinking all night?
Yeah.
It's the government's fault.
I don't know.
Conservatives.
Yeah, whatever who it is.
I'm not going to riot, showing the police we can do what we want.
These are like local people.
I mean, why is it targeting local people and your own people?
It's the rich people.
It's the rich people, the people that have got businesses, and that's why all of this has happened because the rich people.
So we're just showing the rich people that we can do what we want.
Conservatives, rich people, the riots in London, they want you to believe that this is about some out-of-control police action, that the cops did something.
It's the corporate jet owners.
It's the corporate jet owners and those people not paying their fair share.
Specifically, it's rich people, the people that got businesses.
If you got a business, you are a rich person.
Now, this, folks, this is what we have in store.
This is, we're on this path.
We're on this track.
I'm glad you're laughing in there, Snerdley.
We're on this track.
We already have near-race riots at the Wisconsin State Fair in a state where that kind of thing is not known for.
I'm telling you, these are the equivalent of Obama voters in the United States, people you just heard here on the BBC.
Exactly what we do here.
We make a complex, understandable Rushland Boy man, legend, a way of life.
Back to this BBC thing.
The way that BBC introduced that segment was this: Croydon area town.
Croydon was one of several areas plagued by unrest on Monday night on a third night of riots in the capital.
Plagued by unrest.
Spontaneous unrest.
Stuff just happens.
I'll listen to the bite again from Liana Hosea of the BBC talking to two unidentified drunk women in London.
You've been drinking all night?
Yeah.
It's the government's fault.
I don't know.
Conservatives.
Yeah, whatever who it is.
I'm just moving a right, showing the police we can do what we want.
These are like local people.
I mean, why is it targeting local people and your own people?
It's the rich people.
It's the rich people, the people that have got businesses, and that's why all of this is happening because they're rich people.
So we're just showing the rich people that we can do what we want.
We are just showing the rich people we can do what we want.
That's the telling aspect of that.
We're just showing the rich people we can do what we want.
All this is happening because the rich people.
The people that got businesses are conservatives.
That's why all this is happening.
You are dubious about this.
They burn down the stores to show the rich people we can destroy what they have so that they will have nothing too.
We can burn down the property of the rich people so that they've got nothing either.
Missing the point here.
Yeah, they have insurance.
Point is these people have everything.
They've got free health care.
They've all just recently had to start paying for their education.
They live in a full-fledged socialist country.
They have their equivalent of food stamps.
They have interminable unemployment.
They have free medical care, ostensibly.
It's what they were promised.
These were the people that bought into the false promises of socialism.
These are the people that bought into the false promises of utopia.
And who are they mad at?
They are mad at people who didn't.
They're mad at people who are self-reliant.
They're mad at people who are making something of themselves independently.
They think they have been defrauded.
What they don't understand is they think that it is the successful portion of the population that has defrauded them, not their government.
And they are being fueled by whoever they listen to to believe that rich people and businesses equal conservatism.
I don't think it's a laughing matter.
Clearly, the women are funny.
They're drunk and they don't know what they're talking about.
It's not a laughing matter.
This is, in my estimation, precisely what we're headed for.
And I think if this were to happen, Obama would not be upset.
Obama won't.
In fact, we've seen elements of this.
We've seen his union thugs show up at tea party events and start engaging in thuggery, beating people up.
It is starting to happen here.
There is no happiness in socialism.
There is no nirvana.
There is no utopia.
There is no happiness in liberalism.
It's all a false promise.
And when that reality suddenly hits you as an individual or as a member of a group, that's a hard cold reality to understand that everything you've been promised, everything you've been told, and everything you have believed in leaves you with nothing.
You don't even have your self-respect.
All you can do, all you feel like doing is lashing out at the people who have.
Whether it's a dollar more than you or a bunch of dollars more than you.
This is being stoked.
There's fuel being thrown on this fire.
And, you know, I have sat patiently by and I have waited.
I've been watching videotape of the riots in London.
They just seem to be spontaneous combustion.
And I've been asking myself, what's this all about?
And I would read various state-run media accounts, and none of it made any sense to me.
It's spontaneous stuff.
There's nothing spontaneous about this.
This is all stoked.
This is all ginned up.
It's like Greece.
It's like France, and we're headed there.
But the point about it is that all of the false prophets of the left who promise this utopia, who promise happiness, contentment, economic equality, equality about going, let the government be the referee and everything's going to be fine.
It never is.
And so it's more lives destroyed.
These people are getting drunk as a means of dealing with the reality that they matter nothing.
Their lives, in their own estimation, are meaningless.
Their leaders have led them to utterly valueless, meaningless lives.
And nobody wants to think that their life doesn't matter.
Everybody wants to matter.
That's why you can make people believe in global warming.
As long as you tell them they're saving the planet, you tell them that by leading a life of so-called virtue, that they are saving the planet or saving some endangered species or whatever, you give them a sense of purpose.
That's why liberalism is the most gutless choice you can make.
It's an easy sell.
But see, it never works.
It never comes to fruition.
The promises cannot be met.
Now, we have a leader in the White House who is telling people exactly what these people in Britain have been told.
Now, the Reverend Jacks, he's starting again.
He does this every now and then.
They're starting to make waves about how unfair African-American unemployment is compared to the rest of the country.
But if you think that the Reverend Jackson is doing this to stoke anger at President Obama, you're wrong.
He's not trying to stoke anger at President Obama.
He's trying to stoke anger at the structure of America.
Those two girls in that UK soundbite are a triumph of liberalism.
They represent the best that liberalism and socialism have to offer.
It's not the haves versus the have-nots, you see.
It's the productive versus the slothful.
And that's what it boils down to.
It's not haves or have-nots.
This is where everybody misunderstands that.
It's not class envy, it's the fleas versus the dogs, the productive versus the non-productive.
That's the context in which you have to look at all the workers versus the lazy, the people in the cart versus the people pulling the cart, however you want to characterize it.
But the non-productive, even though, even though they are non-productive, look at what they do have.
Supposedly, free health care, education, all these wonderful things that liberalism has promised them.
Can't fulfill the promises.
Washington Times.
Read it and weep here, folks.
Well, that's what I'm doing.
You will listen and weep.
Speaking, by the way, speaking of Al Gore, one thing first.
Al Gore's rant.
The fascinating thing about that is that you're listening, or we're listening to a guy who knows he's lost.
He's lost the argument now.
That's his reaction to it.
He knows that people aren't buying the whole concept of man-made global warming.
He can't sell it.
The days are gone.
It's over.
He's not believed.
That's why he's coming unglued.
He's coming unglued because he's lost.
He's coming unglued because he's lost the argument.
Everything that he cited in that rant was one of the elements that he's used to sell it over the course of the decades he's been trying to sell it.
Every one of them now, people don't believe them.
Washington Times, pummeled by ghastly economic news, President Obama called Monday for more spending and extended tax cuts that he said would help stimulate the economy, but these also could deepen the deficit problems and help the federal government earn its first ever debt downgrade last week.
President made the proposals as world stock.
This is from yesterday.
He didn't make a stimulus, but this is a review of his speech from yesterday.
Call for more stimulus.
Of course he did.
More stimulus, more spending, more taxation on the rich.
He hasn't said anything yet today.
All right, quick timeout.
We'll be back.
We'll continue right after this.
Don't go away.
Ever back, great to have you with us, Rush Limbaugh and the EIB Network.
One day after the stock market took its biggest plunge since the 2008 financial crisis, President Obama today canceled a previously scheduled speech at a local moving company, and the White House also pulled a plug on the daily press briefing.
Instead of traveling to Springfield, Virginia-based interstate moving services and making public remarks on fuel efficiency standards for work trucks.
Now, just how relevant would that be?
Somebody in the White House, obviously getting a handle on it.
What an absolute dumb time to go out and start talking about fuel efficiency standards for work trucks.
Nobody cares about that right now.
So instead, Obama will meet privately with industry officials of the White House or did so this morning.
That meeting closed to the media.
In addition, a 1230 briefing with the press secretary, Jay Carney has been canceled.
And when you hear the rest of today's audio soundbites, you'll understand why.
In fact, let's just go.
Let me find those audio soundbites.
Let's see.
This is the one where Glenn Thrush gets all over Kearney for admitting that Obama doesn't lead on anything.
We're looking for it.
We're about to find it.
Well, no, now I don't know where it is.
It's somewhere here in the stack.
Somebody shoot me a number.
Cookie, what number is this thing that I'm looking for?
Nothing ends up in order.
Well, I know I saw it here, but I can't find it.
Ah, here it is.
Number two and three.
Here we go.
It's the front page, of course.
All right.
This is Jay Carney.
Soundbites two and three here, Ed.
This is Jay Carney yesterday at the Daily Press briefing.
Reporters said when the president puts forward his plan or his set of ideas, or the president said he's going to have in the coming months, some ideas to deal with our tumbling economy.
So the question is, when the president puts forward his plan or a set of ideas, does he envision that as his idea for what the final compromise should look like?
Or is this sort of an opening offer?
I don't want to get too far ahead of the process.
Obviously, the committee is the acting body here and will hopefully come up with a proposal that emerges from the committee and then moves on that fast track to be voted on up or down by Congress.
He will be contributing to that process, not driving it or directing it.
So, now they canceled Carney today, and this is why Carney said, no, the president, he's not going to be leading anything.
He's not going to be driving anything.
He's not going to be directing it.
So after Kearney says that Obama is just going to be contributing, but not directing it, Glenn Thrush of the Politico and Carney have this little back and forth.
One other thing you said that struck me that's particularly interesting.
He will be contributing to the process talking about the super committee, but he won't be leading it.
He's the leader of the free world.
Why isn't he leading this process?
I think that was a technical recognition of the fact that it's a congressional committee.
Look, this president, his leadership on these issues is quite established.
No, it's not.
So the media, politico, the stenographers, not happening.
Well, why isn't he going to lead?
Why isn't Obama being the guy we thought he was?
Jay?
We thought Obama was the Messiah.
We told everybody Obama.
Now he's a coward.
He won't even lead.
He won't even.
Why?
Carney says, well, president's leadership in this issue is quite established.
No, it's not.
During the same press briefing, Nora O'Donnell, who moved over to CBS, said to follow on the president saying, I intend to release my own recommendations.
When will he do that?
How's he going to do it differently this time?
Or is it going to be different?
We do not control all levers of government.
Sometimes that is quite unfortunate.
But the fact is, we work with Congress in this process, and the president will put forward his ideas.
He's basically saying the president doesn't matter here.
This is Congress's baby, and the president's going to put forth his ideas, but that's about it.
The drive-bys who sat there and told us that this guy was the Messiah, I think they're genuinely disappointed, genuinely surprised.
These people, you know, there's a piece of the Wall Street Journal today, is Obama smart.
You know, fascinating subject, too.
I think, you know, we need to redefine smart in this kind of a lot of genuinely not very bright people who are thought of as very intelligent.
And Obama is one of them.
Obama clearly is one of these kids.
Like a lot of kids in America that they grew up.
You're special, Barack.
You're special, little Johnny.
If you think two plus two is five, that's very good, little Johnny.
It does until you figure out differently.
You're wonderful, little Johnny.
And these kids grow up and they think the world revolves around them and that they're flawless and that they're and they end up not knowing anything and they think very highly of themselves with though evidence, no reason to.
They haven't accomplished anything.
Obama, You know, not, you know, these people told us, these people in the media who I also don't think, and I mean this in a strictly non-insulting way, that people are going to think I'm being insulting.
But I'm not, I don't think they're very bright.
These questions, well, when is he going to lead?
So, why, how will it be any different?
When will the president put forward his idea?
Have they not observed this guy the last two and a half years?
In fact, you know, there's even a leftist columnist who's saying, you know, Obama's not really the New Deal guy.
Obama's not really the leftist here.
Obama's not really that far.
He just turned everything over to Pelosi and now he's paying the price.
There's actually a lib columnist, or somebody put that out.
Obama's not the liberal here.
He just turned everything over to Pelosi.
Now he's paying the price.
And the sad fact is, bright people don't go into journalism.
It's just that simple.
We've updated the list of enemies that Obama has and the enemies that he wants us to have.
SP, just the latest Obama target that we are to hate.
Yesterday it was a Tea Party.
Every day it's the Tea Party.
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