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Aug. 9, 2011 - Rush Limbaugh Program
33:29
August 9, 2011, Tuesday, Hour #3
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It was a it was a Gallup poll.
Americans economic confidence plunge to minus 53 in the weekending August 7th.
That is a level not seen since the recession days of March of 2009.
See, these are not recession days, folks.
March of 2009, that was a recession.
We're not in a recession now.
These people, I uh talk about a total disconnect.
Anyway, greetings and welcome back.
I'm Rush Limboy.
You know that.
This is the EIB network, Limbaugh Institute for ideological purity, home to everything that's right about the country.
Let's just say it.
Everything that's right about the country, we are home to it.
Telephone number is 800-282-2882.
If you want to be on the program, the email address Ilrushbaugh at EIBNet.com.
Richard Cohen is a columnist for the Washington Post.
Richard Cohen has a column out today.
Richard Cohen is supposedly one of the wisest, brightest bulbs in the liberal commentariat universe.
He's a liberal commentator.
And Richard Cohen has a column out today, the title of which in the Washington Post is Obama is Cold, not cool.
Richard Cohen.
Leading light.
Wisest, brightest bulbs the liberals have.
Column.
Obama is cold, not cool.
Some of you are probably saying, wait a minute, wait a minute.
I wouldn't have heard that before.
Where did I heard this?
You heard it here.
You heard it here nearly three years ago.
I didn't see cool.
I don't see elegant.
I see somebody not even really human.
I see somebody devoid of passion.
You can spin it in his favor, and you can say that he's cool under fire.
Or you could be more realistic and say he's cool only because he's cold.
And there's a big difference.
He's without feelings.
He's without passion.
He's a programmed robot.
Remember, he has learned well what he has been taught.
He just wants to win.
You can barely even insult the guys like a Stepford husband.
He's really a cold customer.
And I think that's what came across to me last night.
Cold enough to covort with terrorists.
Cold enough to covort with people who want to overturn the capitalist system and make it socialist and do it by way of education.
Cold enough to dismiss small town Americans contemptuously as bitter clingers.
Cold enough to take our guns away.
Obama is cold enough to spread the wealth.
He's cold enough to fundamentally change our form of government.
Cold enough to admire dictators.
That was I, uh me, El Rushbow, October 16th of 2008, about the then Democrat presidential nominee, Barack Obama.
And that is some of you playing.
Yeah, you do this all the time.
You just brag about yourself all the time.
I'm bragging on illustrating.
Besides, it isn't bragging if you can do it.
I'm illustrating.
It has taken one of the left's leading lights, Richard Cohen.
Almost four years.
And the Washington Post is a newspaper that's been slavish toward Obama.
And it's taken Richard Cohen three, four years to see the real Obama.
I, El Rushbow.
Saw it three years ago.
That's all I'm saying.
Pointing out how you listen here, you will be and are on the cutting edge of societal evolution.
We played a montage earlier of some of the leading lights of American journalism, begging, pleading, demanding, cajoling, hoping, praying that Obama would call Congress back.
Congress is away on a five-week recess.
Frankly, that's the best thing that can happen.
As opposed to what they have been doing, doing nothing is a win.
But the leading lights of the left want the Congress to come back.
A new stimulus, new spending.
Do something.
Save us.
Save the country.
So they went to Jay Carney.
At the press briefing at the White House yesterday, the correspondent Nora O'Donnell, she just left NBC, went over to CBS.
And do you know why she left?
Money.
Now when you and I do things for money, we're a horrid people.
Why?
Greedy, selfish.
Thinking only of ourselves.
When they do it, because it's never about the money with them, they say.
So no, it's obviously a new promotion, new opportunity, official White House correspondent instead of backup White House correspondent at NBC.
But there's more money involved as well.
Anyway, she was asking a question to Jay Carney, the White House briefer, said the president said that our problems are imminently solvable, and he talked about a renewed sense of urgency.
Why not call Congress back to work on this?
What we can do after the process we just went through is uh make clear that when Congress does get back from its recess, it is very clear.
I mean the Dow dropped below 11,000.
Where's the sense of urgency?
Look, I think there is a great deal of sense uh great sense of urgency here about the need to continue to work to get our fiscal house in order, create jobs, and grow the economy.
The reality that we live in is that this is as uh set out by the founders, a government that has uh different branches with different amounts of power, and we need to work together to get significant things done.
Okay, so there you have it.
Look, the great deal of sense of urgency here about the need to continue to work to get our fiscal house in order, create jobs, grow the economy.
The reality is we leave uh live in is it uh set out by the founders, the government has different branches, different so he's giving us a uh a civics lesson here.
Basically, see how we need to work together to get significant things done, and then Obama can't do anything by himself.
Obama's not gonna lead.
He's gonna do in fact uh it's Nancy Pelosi that's really the liberal and's done all this.
Obama, he's just a standby.
Obama, we're gonna bring it back.
We we can't we can't bring the Congress back.
We can't tell Congress what to do.
This from the guys that have been summoning Boehner up to the White House every other day.
So yeah, ask yourself, why wouldn't if there is a clamor, just to play devil's advocate here.
If there is a clamor because the stock market was down over 600, what is it right now?
Checking uh lost about 150 points somehow.
Up 93.
You know what that means?
What that means is that the market boys are beginning to think that maybe the Fed's not gonna do anything.
The reason the market has been up today is because institutional investors have been convinced that Ben Bernanke's gonna ride to the rescue with the Obama guy, and that they're gonna make some sort of policy, maybe QE3, uh printing more money, spending more money, buying SP fuel, whatever.
And now, as the stock day goes on, there doesn't appear to be anything brewing there.
And so the market's starting to trail off.
Still up 93, but it was up close to 200 at the uh start of the program today.
But playing devil's advocate, if there's genuine panic, people are upset, two trillion dollars of asset value is gone in two weeks in the stock market.
The SP, those rats, supposed to hate them now.
Yes and he just downgraded us.
And of course, the general genuine sentiment for most people, you gotta do something, you gotta do something.
Why wouldn't Obama call anybody back?
Why would Carney go out there and say, well, we don't really run anything here?
We've been acting with a great sense of urgency anyway, about the need to continue to work.
But Congress on their Vacation and uh we know we live in a country set out here by the founders.
The government has different branches, different amounts of power.
We need to work together to get a bunch of gobbledygook.
No desire, in other words, to really deal with it.
Why?
Why let it fester?
Why, if you're the president, why let it be assumed that you're not going to do anything?
Why let this fester?
Why let this unsettledness continue to be unsettled?
Why allow the chaos or baroque ellipse now, the Obama get, why allow it to continue?
Because you want it to.
And there's another reason, too.
If Obama calls Congress back and they say, pfft you, how does he look?
No, he will, he can, he can still look worse.
I know it's not possible, but he can still.
If he calls them back and they say pst you and don't show up, that's not good.
But does he want them to come back?
He's got to go.
He wants to go on vacation too.
Think he cares about any of this?
We're right on schedule as far as Obama's concerned.
This is the thing.
I know a lot of people just, I keep saying this, and I you have to pardon me for being redundant, but I have learned that done in a creative way is only I know how to do it.
Redundancy is sometimes necessary to be persuasive.
And it's hard for people to believe that there's actually the president of the United States.
Doesn't like the country, is founded, doesn't like our economic system, wants to change it, likes all of this, doing it on purpose.
Hard to get people to believe that.
But the signs and the evidence is everywhere.
There's another thing, too, about calling Congress back.
It means you can't do it yourself.
Means you don't have the power to persuade the American people of it, you gotta call Congress back to get something done.
If you know anything about egos and the separation of power, you know it's quite natural for the executive branch to try to get as much as they can.
And under normal circumstances, it's quite normal for the legislative branch to take as much as they can.
What has set this legislative branch apart since 2007 is how much they have willingly given over to Obama.
But that's to further the cause, liberalism.
So there's a whole bunch of reasons why he wouldn't call them back.
He's looking at it as if there's no win.
Besides, even if I call them back and they don't do anything, then how do I look?
He doesn't look at this as he can because there is no fix that he wants other than raising taxes and more spending.
And he knows he's not gonna get it in August.
He's not gonna get it right now.
So why call him back and ask for it?
Pure and simple.
All right, I gotta take a brief time out.
We'll do that.
We'll be back and continue here.
Listen to Didi Myers.
Dee De Myers have an audio sound bite uh between cocktails.
This is on uh MSNBC's Daily Rundown that host F. Chuck Todd.
She's a former White House uh uh press secretary, first female press secretary for Clinton, just a coincidence, folks, I assure you.
And F. Chuck said to Didi, there are two worlds in the Democrat Party, and both are suggesting he ought to do something.
Like call the Congress back.
What do you say, Didi?
Grand dramatic gesture sounds like a good idea, but you better have something pretty concrete that you want to accomplish to bring Congress back, to have more gridlock, to have more debates that don't really go anywhere to have another standoff about whatever it is you're talking about would be bad for the president for the country.
The worst thing the president could do would be to make a grand gesture that led to nothing.
I think that would just compound the problems that he's facing right now.
Exactly right, exactly right.
Can't get anything done.
Hobbits are not ready to move.
Uh So, you know, why waste it?
Besides, we're in the fix Obama wanted, folks.
This is I can't.
I can't I can't say it in too many different ways.
We are exactly where Obama wanted.
He's going away on vacation very happy.
And we're back, Rush Limbaugh, half my brain tied behind my back just to make it fair.
I was right.
I usually am what's the well.
No, no, no.
But they're now let me see.
Hang on here just a second.
Yeah, it is.
I'm right.
So my stupid widgets wrong.
All right.
On a television with so we're down 66 on the Dow Jones industrial average.
That means down 72.
Okay, we've lost 72.
We've we've lost 200 points in the last 20 minutes.
150, 200 points in the last 20 minutes.
Oh, it must be bad.
They Greg Cavuto out of the bathroom to bring him on early to talk about this over at Fox.
Now, I tell you what this is.
We had it early when the program started.
What this is all about.
Let me find the star story here.
This is from uh CNBC.
Following huge losses for the Dow on Monday, further selling in Asia overnight.
The markets are watching what the Fed and Ben Bernanke will do at their July meeting today.
Speculating is mounting that the Fed will attempt to restore calm, but one fund manager thinks that policy action is unnecessary.
Pedro Norona, fund manager at Noster Capital in London, said that the markets have become like a spoiled baby who expects Daddy Bernanke to rush in to help whenever they feel a little bit of pain.
So apparently the Fed had a meeting and decided they're not going to do anything.
The market was waving.
Fed to keep interest rates near zero for two years is one of them.
Okay, well then, all right, then something had happened there.
I'd obviously have been a rumor about what was going to come out of the meeting that the market heard it wasn't right.
Market was plunging Fed to keep interest rates near zero for two years.
That's folks, that's it's coming back now down five, four.
I I that's artificial.
Of course, this whole thing has been artificial from the uh from the from the get-go.
But they were waiting for some sort of infusion of capital.
And uh oh, here we go.
Fed says it will keep key interest rates at record low for two more years, and the full press release says no QE3.
That's what it was.
No QE3, meaning no new round of printing money.
That's what it was.
That's what they were expecting.
That's what it was, and it didn't uh didn't happen.
From the political, Barack Obama's aides and advisors are preparing to center the president's re-election campaign on a ferocious personal assault on Mitt Romney's character and his business background.
A strategic grounded in the early stage expectation that Romney is the Republican nominee.
The dramatic and unabashedly negative turn is the product of political reality.
Obama remains personally popular, but pluralities in recent polling disapprove of his handling of his job.
The American people in big majorities fear the country is on track, so he can't run on his record.
Obama can't run and say, let me keep doing what I'm doing and win.
So the politics of personal destruction.
And they're making it public.
They're just gonna go out and try to destroy Romney or whoever the nominee is personally.
Character, uh business background.
In other words, you're gonna do to Romney what they've already done to Palin, what they're now starting to do to Michelle Bachman.
Now, the question that needs to be asked.
You know, there's there's a there's a thought.
I've I've talked to uh many people, potential Republican presidential nominees.
Many have asked to come see me personally, and they have there's a there's a uniformity of message.
And they've all said rush, and they in fact they've all, I think, been asking me to behave in a similar way.
They said, look, we can't go after Obama personally.
We just can't afford to do it.
We have to stay focused on Obama's policies.
We've got to take the high road.
It's Obama is announcing that his campaign is going to be one of personal destruction of Romney.
Character, uh business background, political career.
What do you think the way to respond to this is?
I mean, I uh I can tell you that the prevailing wins in the Republican Party are to not go after Obama that way.
They don't want to go after anything but his policies.
That's all they want to do, nothing but go after his policies, and even there they want to tread carefully.
They want to um uh do their best at uh uh being above the frame.
That's and I I think the aggressor does set the rules in any conflict, and those are the rules that you uh that you play by.
So I d but let's did you think in case Romney, does Romney have the ability to go after Obama the way Obama's gonna go after him?
Have you seen Romney do anything like that?
I haven't.
I don't know that he can.
So actually, the uh Obama regime telling us that their campaign tactics are not going to change.
Personal attack, ad hominem, destroy, because they can't run on issues.
They they can't Democrats can never run, being honest about what they intend to do, and they can't run on this record.
Now, Romney just spent the last few days taking a softer tone on Obama.
And that by that's a quote.
Now, did you happen to know anything Romney said in recent days?
I either.
I don't know one thing Romney said in recent days, and I am in the information business.
I am the information business, and I haven't heard one thing Romney's talked about.
I don't know, but he, by his own admission, he's taking a softer tone, and it's working.
Nobody's nobody's hearing him.
For example, Romney said that the downgrade wasn't entirely Obama's fault.
This is from the uh from the politico yesterday.
Mitt Romney in a slightly softer tone in New Hampshire, as he hit his message about the economy in the wake of the SP downgrade in terms of how much blame Obama should get.
I don't think it's simply the president's fault, Romney said in reply to a question at a Chamber of Commerce meeting in Concord, New Hampshire Monday.
I'm sure there are many people to share responsibility for the excessive spending in Washington over the past couple decades.
You're not running against him.
What is that?
That's that you know what that is?
That's a hey gang, we gotta be honest.
We're responsible for it too.
That's what that is.
I guarantee you that's what that is.
Well, I don't know what these two who's supposed to appeal to.
There's apparently uh it is it is supposed to appeal the moderates.
Moderates and independents who want people to say we're all problem.
We're all responsible.
We're all in this together, and we all must come together to fix this.
Remember now, that's where political consultants make their living is with the independents and the moderates, and that's what they advise candidates to do.
Well, because he's Democrat.
That's how he's mean mean and cutthroat, because that's what Democrats do, and that's what they are.
It's a they're in the media, folks, they're allowed to get away with it.
Marvel at Obama's technique.
Marvel quick, uh Republicans do it typical angry white.
It's it's just it's the uh dual-edged sword that we work on.
There's a story in the New York Times behind SP's downgrade a committee that acts in private.
A committee of about the half dozen largely unknown people made a decision last Friday that has royaled Washington and Wall Street.
That committee operates deep inside Standard and Poor's the credit rating agency that downgraded United States debt for the first time in history.
Despite the great interest in the agency's decision, it has remained tight lipped on what happened in its deliberations.
The individuals most responsible for the decision are not well known, except to finance ministers.
SP has declined to say whether the vote was unanimous to identify all the members of the committee that voted for the downgrade, or even say how many people are on it.
That's right, we need to know who these people are and where they live, so we send the SEIU and buses to tear up their front yards.
Send a bunch of goons to their houses.
SP's downgrade of the nation's credit rating has raised questions about the company's judgment, even its role in its New York Times dutifully now for the SNP's lost its mind.
Standard and poorers has gone nuts.
And who are these people anyway?
We don't really know who these people are.
We have no idea how many people.
We don't know how they voted.
Just who do they think they are?
We don't know what they read.
We don't know what they think.
We don't know what books have informed them.
We don't know what kind of people inspire them.
We don't know whether they're Republicans or Democrats.
We don't know whether they listen to Rush Limbaugh or not.
We don't know anything about these people.
Oh who are these people?
Bunch of people acting in private.
Well, let's see.
Barack Obama summoned members of Congress to the White House for what?
Secret meetings.
Do we know everybody who was at those meetings?
The United States Constitution is quite clear on how legislation is made.
And it is in the open.
This debt deal, for example, we don't know how that went down.
That and the Obamacare, totally done in secret.
We don't know about the negotiations.
We don't know who was really involved.
We don't know all we know is that Boehner was talking to Obama, and then Boehner was talking to McConnell, and then McConnell talked to Reed.
Boehner talked to Reed, McConnell talked to Boehner, Boehner and McConnell got on the phone and talked to Reed.
Reed and McConnell got on the phone and talked to Boehner.
Boehner McConnell Reed got on the phone and talked to Obama.
Geitner then got on the phone and said, Why aren't you talking to me?
But we don't know why you want to talk about secrecy.
Our own government has been putting together some of the most important destructive legislation in our history in secret.
All of Obamacare was done in secret.
And where was the New York Times?
Wondering about the secrecy and who was involved and what they were saying.
There's a lot of secrecy going on.
We don't know what goes on at the Federal Reserve.
We get the minutes after the fact, but we don't know who's really saying what and deciding this or that.
We don't have the slightest idea.
So all of a sudden now we gotta castigate SP for being a bunch of people operating in secret.
Our own government's operating in secret.
Legislation is not made by select members of Congress being dragged up to the White House, having negotiations and going back down and reporting this is not how it's done, but it's how it was done.
Lots of stuff that's way too much stuff going on that's in secret.
In direct contravention.
The way this country is supposed to operate.
Don't mean to harp on this, but the Dow John's it's it's now down 70.
It's back from down 150.
It's all over the place.
Federal Reserve today signaled that it plans to keep its benchmark short-term interest rate close to zero for at least another two years.
Now the the hook the hook there is through the campaign.
Interest rates near zero through the Obama re-election campaign.
Obviously, market not happy about that.
That's the way I, Il Rushbo, choose to analyze it.
So interest rates close to zero for another two years, and the Fed sharply downgraded its view of the U.S. economy.
And they said no QE3.
And so that's one of the reasons why all day long the market's waiting for QE3.
They didn't get it.
And that's why we're in negative territory.
Um, another night of rioting.
It's uh coming up on 8 o'clock in London, and they're rioting again against the rich and against business owners.
They are rioting in London.
This stuff just popped up out of nowhere.
And everybody said, why is this happening?
And of course, a soundbike today told us why.
It's not because some cop randomly shot somebody.
It's being uh orchestrated and ginned up against capitalists, business owners, the so-called rich.
Why aren't we rioting?
A lot of Americans have just had a big chunk taking out of their 401ks and their pension plans.
Shouldn't Americans be out rioting and looting?
Instead, everybody just got up and those that have jobs went to work as usual.
Rioting and looting is strictly the privilege of the new leisured class.
Meaning the wards of the state.
Here's Kevin in uh Mount Clemens Mission.
Kevin, I really appreciate your patience and holding on.
Thank you very much.
Kevin, are you uh still with us?
Kevin's not, I guess he didn't hold on.
Snurdly just Yeah.
Well, what did you say to him?
Because he's gone.
Well, you know what?
I don't really snurdly.
The guy's been on a hole, he's the first call of the day.
The guy's been on hold.
You tell him he's next, and he knows he's got two minutes.
I'd hang up too.
Poor guy, Kevin, I apologize for it.
Kevin's probably off looting.
Rioting is we probably ruined his day.
Michelle in Mapleton, uh, Georgia.
Welcome to the program.
Great to have you here.
Uh thank you, Rush.
I guess I only have one minute, right?
Oh, you've got about a minute and a half.
All right.
Um, let me just I wanted to comment on uh the Democrats um uh the the way they're gonna approach the campaign.
I was wondering how does that personal destruction how's that gonna attract the independents?
I don't understand.
Um yeah, it's a good question because we're told the independents hate That kind of stuff.
Right.
They despise it.
They run away from it.
They of course we're also told they only run away from it when Republicans do it.
Oh, maybe that's the trick.
Okay.
Well, then my other thought was that Republicans, I do think they need to talk about the policies, but I think they also need to talk about the Democrats' tactics clearly and and often.
I think the RNC chairman actually uh did it today on Fox News.
He talked about the tactics that the you know Democrats were using, and I thought that might be a good approach, too.
I don't think that's effective.
I d do you think 36 seconds.
Do you think that the Republican candidate ought to tell the American public where he thinks the nation's headed if Obama's not defeated?
Yes.
I don't think we're going to get that.
I don't see that's the element I don't think we're going to get.
And uh I know I have a couple seconds.
This is off subject.
It was the other thing I wanted to ask about the crash.
Who do you I I think something's odd about this?
Who do you think put all these guys on one plane and why?
And is there any research being done on that?
Well, there is that there's an investigation that's going to take place uh as to uh how the intel was obtained.
It is a question, why were they put on a Chinook uh slowest moving aircraft carrier or the helicopter that we have?
It was a rescue mission.
Uh I'd not get speculate on that one at all until there's something to learn about.
That's that's too gotta go anyway.
Okay, quickly, it's been explained to me in the break.
The reason for the Chinook helicopter is the altitudes that it must fly in mountainous Afghanistan.
It's the only helicopter that can fly as high as we need it to.
Uh and faster at those altitudes than a black hawk, for example.
So that's the brief answer that we got why the Chinook.
We'll see you tomorrow, folks.
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