Welcome to today's edition of the Rush 24-7 podcast.
No, no, no, no.
No, no, no.
It's not that.
It's not what Bernanke did yesterday that's causing this.
It's what he said.
There is a reason that Federal Reserve chairmen usually don't do press conferences.
Basically, Bernanke told everybody that we're headed for a recession.
Another recession.
That's why the market's down plus 400.
What he said was he and the Fed Board of Governors saw, quote, significant downside risks to the economic outlook, including strains in global financial markets.
He's predicting a recession.
Predicting a double dip recession as well.
Now, by the way, greetings, folks, great to have you here.
A lot going on today here at the Excellence and Broadcasting Network and the Limbaugh Institute for Advanced Ideological Purity.
Now, we were told Obama brought us back from the brink, right?
We'd turned a corner.
We'd shifted the car from reverse to drive.
And we're told brought us a recovery.
We came out of the recession in 2009, right?
Okay, cool.
So what puzzles me is how could Obama do all of that in 2009, bring us out of a recession in 2009 and not do it again in 2011?
I mean, the guy that brought us out of a recession has now given us another one.
There's no doubt in my mind as each day piles on to the next that this is coincidental or happenstance.
This is on purpose and by design.
At any rate, ladies and gentlemen, I say a lot going on today.
There's a former Obama advisor who is a Harvard professor who is running against Scott Brown for the old Ted Kennedy Senate seat in Massachusetts.
And a video of this woman has gone viral on YouTube.
And we'll play you the audio of it.
It is completely educated.
Elizabeth Warren, what did I say?
Yeah, it's Elizabeth Warren, right?
Elizabeth Warren.
And well, you correct me all the time.
I said, what did I say wrong now?
Sometimes I think you're my wife, Snerdley, and then I get reassured when I look at you that it couldn't possibly be the case.
You're a guy.
So anyway, Elizabeth Warren, she's running for the Senate, seat now held by Scott Brown.
She teaches at Harvard, former Obama advisor.
And I'm going to be getting to this pretty quickly because what she said is as instructive as anything I have ever had for you to hear uttered by a liberal.
Then we also have Bill Clinton who has totally cut Obama off at the knees.
He has just literally thrown everything Obama is doing in his campaign right now overboard and under the bus.
He has just blown up Obama's whole class warfare strategy.
He has blown up Obama's deficit strategy.
He's blown up Obama's tax increase strategy.
The whole thing, everything that Obama has been saying in the last 10 days, Clinton has undercut it.
We also have, in addition to Bernanke predicting a recession is coming, and there are events going on in Europe that worse than happening here.
And Bernanke is also talking about bailing out Europe with free money, free American money.
And that's another thing that's unsettling people.
We also have, were you like I was, Snurdy, didn't even ask you, when you saw the news yesterday that a bill to fund the government for the three days was voted down.
I said, what?
What kind of saps are we?
We've all believed that the debt ceiling was raised and it's finished and it's a done deal.
And then all of a sudden there's another vote yesterday.
48 Republicans vote with the Democrats.
Now, the reason the Democrats and Republicans oppose the bill are entirely different.
The Republicans don't like any of the spending in this, and the Democrats don't think there's enough.
But it's being reported now that Boehner has lost the House.
He's lost total control of the House.
This is another one of these continuing resolutions.
We went through this debt ceiling fight.
We went through all that.
We were told it was solved.
And we'd have to worry about this until December, depending on what the supercommittee did.
Then there's a vote yesterday on raising the dead limit because some $500 billion has yet to be authorized to be spent.
And it's another one of these continuing resolutions.
Is all this is this is all happening because the Democrats and Obama have not submitted a budget.
Pure and simple.
But these 48 Republicans, the Tea Party Republicans, they're heroes.
They're voting in the right way here and they're standing up for what they were elected to go there and do.
So there's that to dissect and to explain.
Obama is going to this bridge.
I thought he did it last week.
This is really a strange data.
Like with the continuing resolution, I thought it had already been done.
Debt ceiling had already been done, and there's this vote yesterday.
I thought Obama had already been to the bridge.
This is the bent sprints, Brinch, Britch, Britch, Bitch, Bench, Brinch, Spence, whatever it is.
The bridge, it links, I'm trying to say too much too fast.
Your mouth can't keep up with Brain.
It's the bridge that affects both Boehner and McConnell.
It links Ohio and Kentucky.
And the bridge is in no problem.
There's no trouble.
The bridge does not qualify for anything stimulus-wise.
No, it's not falling down.
In fact, it doesn't even need any repairs.
It's just not big enough anymore to handle a load.
They are going to build a second bridge next to it, from what I understand, but it's not going to start for four years.
This is pure, 100% political photo op.
It is optics.
It is Obama's bridge to nowhere.
He's going there.
And he's going to try to tell people that this is an example of the unsafe bridges.
Just like when he was in North Carolina, he cites 153 structurally deficient or otherwise in bad shape bridges, but he doesn't identify them.
He says that four of them are very near where he was, which was near Raleigh at Kerry, North Carolina.
But he didn't identify.
So people's lives apparently were in danger while Obama knew it, was doing nothing about it.
In the meantime, we had $800 and some odd billion dollars spent on shovel-ready jobs, fix the infrastructure didn't happen.
Instead, it went to places like Cylindra and Light Squared.
So he's got a lot of questions to answer.
Okay, you go off to your bridge here.
You go to your bridge in North Carolina last week and you complain and moan that nobody's doing about it.
You're giving away money left and right to UAW workers and GM in Chicago.
Get this.
We are learning that people who haven't been on the payroll in 15 years are hired back for one day to qualify union people to qualify for a pension of $158,000 a year.
And that's just the tip of the iceberg.
Oh, yeah.
Folks, there's stuff brewing here today.
I mean, it's going to be a busy, busy, busy broadcast day.
This is also the last day that you have to enter the latest big contest and promotion from 2IFBT.com.
Now, Catherine and I, we started this small business and we did this, A, because we love tea, and it was a natural, it's just that the timing.
Whatever you're going on in the country, our patriotic roots and feelings just all made sense.
We also wanted to do something made in America.
This is made in the United States.
We wanted to, in the midst of what Obama is doing to the country, actually see what it takes to start a small business, to employ people, what all really is involved in it in the midst of Obama-ism.
So this is the last day to Andrew because you got to place an order by 11.59 p.m. tonight at 2fbytea.com in order to win the grand prize, which is a lifetime, there I go again, year-long supply of 2F by T, which is two cases a month is the way we're defining that for this contest.
I know some of you, what was five cases last night?
Well, yeah, we change it up because we changed the whole structure of the prizes.
Like this grand prize is that Catherine and I deliver the first batch to whoever wins.
You know, you got the Florida debate tonight, the Fox debate, Republican candidates, Florida straw poll is Saturday.
And I know a lot of you would love to be here, be able to see the debate.
A lot of you'd probably love to come here and be able to vote in a straw poll.
Well, you can't.
So what we decided to do is take Florida to you, and Florida is me.
For all practical purposes, Florida is me and Catherine.
So if you're the grand prize winner, we deliver the tea.
And it's not just a hit and run or a drive-by.
We're just not going to drop it off and wave out the car window.
We'll be there for a little while.
Say hi.
Pictures, whatever you want, except you can't invite the whole town.
There'll be rules.
The other grand prize, other prize winners, gift baskets with Florida stuff and tea, Apple iPad 2, maybe a 15-inch MacBook Pro.
There's all kinds of stuff here.
It's all at 2FBT.com.
So you got that going on.
That's just the first five pages of the top of the stack.
So let me take a break.
Let me come back and get started.
I think we'll start with Elizabeth Warren.
Think is that we'll start with Elizabeth Warren and we'll go to Clinton.
And then we'll talk about what happened to the Republican in this vote yesterday on the funding of the government.
Now, you know, Dingy Harry running around talking about there could be a government shutdown.
Again, the news could, and you want to see the way this is another government shutdown ending scientific research and access to public parks.
It's the same.
I tell you, they have a cut and paste template.
And all these news agents, government shutdown, here's the paragraph you put in.
Anyway, a lot going on, folks.
You sit tight, and we'll be back and resume right after this.
Okay, now you people know, you are well aware, one of the reasons you listen.
I know liberals.
I know them.
I know them like every square inch of my gloriously naked body.
Dealing with liberals is like dealing with a one-armed lunatic.
They're just going to keep swinging.
They're going to keep fighting no matter what you do.
They never go away.
And I know what they're going to do and why they're going to do it before they do it.
And people marvel at this.
We have an opportunity now because of the utterance of Elizabeth Warren.
She's running against Scott Brown for the United States Senate in Massachusetts.
This is the seat that was at one time held by Senator Kennedy.
She is the presumptive Democrat challenger.
There was a video taken of a campaign appearance.
It's gone viral on YouTube, 100,000 clicks at the time.
I checked it out, 100,000 times that it's been viewed since it was put up on Sunday.
Spread like wildfire.
She is a professor at Harvard Law.
Her maiden name is Herring.
And since after you hear this, you're going to realize this woman's color is red.
So an appropriate name for her would be Elizabeth Red Herring.
But she's married now and her name is Warren.
She is, in these two soundbites, she embodies the entirety of the liberal mindset.
And I want you to listen to both of them.
You'll be able to refute this, folks, without me.
You are well informed.
Your instincts are, I'm still going to analyze it for you, but you'll be able to do this on your own.
This is the woman, by the way, that was named by Harry Reid to oversee the TARP bailout.
She was the editor of the Rutgers Law Review.
She went on to teach law at Harvard.
So there is no way on earth that she does not know everything there is to know about economics and everything else from her perverted, corrupt point of view, which is shared by Obama and practically every other fringe leftist around the world.
This is from September, earlier this month, during her talking tour, talking about the economy and class warfare.
I hear all this, you know, well, this is class warfare, this is whatever.
No, there is nobody in this country who got rich on his own.
Nobody.
You built a factory out there.
Good for you.
But I want to be clear.
You moved your goods to market on the roads the rest of us paid for.
You hired workers the rest of us paid to educate.
You were safe in your factory because of police forces and fire forces that the rest of us paid for.
You didn't have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did.
No, but, yeah.
Yes.
Nobody in this country.
There is nobody who got rich on his own.
Nobody.
You built a factory, great, but you moved your goods to market on the roads the rest of us paid for.
Here's another, hang on, there's one more small 17-second portion of this.
Now, look, you built a factory and it turned into something terrific or a great idea.
God bless.
Keep a big hunk of it.
But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.
Okay, there's a pay forward.
There's a new term the liberals are starting to revive and use and throw out there.
Now, you don't need me to refute this, but I'm still going to do it.
Who does she think she?
This is a snerdly.
Who does she think?
She thinks that she is an elitist.
She is one of the smartest people in the world.
She is an arrogant, condescending, conceited snob who thinks she's got profound resentment.
I mean, to be guided by nobody ever got somebody seeking the Kennedy seat saying this, nobody ever got rich on his own.
What this is, Marx had a thing called surplus value.
This is Marxism pure and simple.
And the surplus value of Mark's belief is that workers, laborers, are getting screwed by not getting any of the profits of the company, only their wages.
Obama is surrounded by people like this.
But what she is saying, and the reason these people have to be defeated, what she is saying is that since the government, quote unquote, pays for the basics, such as roads, that the government thus controls everything.
This is why they want their hooks in the school curriculum via the school lunch program.
If they can make a claim that they, the government, not the people being the government, but they, the stewards of government, are paying for anything, then they can control everything.
So in her mind, and what guides this thinking, there is no escaping government intervention and control if some aspect of the government touches all of us.
You are born in a public hospital.
The government owns you.
That's an example of this kind of thinking.
If there weren't a hospital built by the rest of us, you might not have survived childbirth.
Therefore, we own you.
Therefore, you owe us.
And this is the rationale that they use.
Now, of course, in her example here, a robber baron came along and built a factory and is selfishly capitalizing on everybody else's labor, none of his own.
She forgets that this factory owner and factory builder also paid taxes that built the roads and the infrastructure around, and so did his employees.
It is a, I guess, a great thing for everybody to hear.
This grand total of maybe 55 seconds of audio is one of the best teaching aids that I, El Rushbo, have ever had the opportunity to share with you throughout the 23-year history of this program.
This social contract business, too.
That's more Marxist and leftist lingo.
Anyway, there's more.
I got to take a break here.
We'll come back and continue.
Get your phone calls involved in the mix as well.
Hey, welcome back, Rush Limbaugh, a whole nine yards.
The reason radio was invented right here behind a golden EIB microphone.
A thrill and delight to have you with us.
Telephone number 800-282-2882.
Elizabeth Warren, I always hear these soundbites again, seeking a seat in the United States Senate, running, and she's the presumptive Democrat nominee running at Scott Brown.
And she's running, she's going house to house in a meet the people sort of thing, talking to her.
And she was caught Sunday saying this.
I hear all this, you know, well, this is class warfare, this is whatever.
No, there is nobody in this country who got rich on his own.
Nobody.
You built a factory out there.
Good for you.
But I want to be clear.
You moved your goods to market on the roads the rest of us paid for.
You hired workers the rest of us paid to educate.
You were safe in your factory because of police forces and fire forces that the rest of us paid for.
You didn't have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did.
You moved your goods to market on the roads the rest of us paid for.
Now, this woman has been an Obama advisor.
She oversaw TARP, appointed by Harry Reid, teacher at Harvard, Rutgers University Law School Law Review.
Ms. Warren, those trucks that were manufactured to lay the asphalt or cement to make those roads, those trucks were made by the private sector.
Those trucks were made by some other evil factory owner.
She uses the example of a factory, but now let's go to the automobile manufacturers, the truck makers.
Somebody else who couldn't have done it on his or her own without all the rest of us.
The clothing worn by the people building the roads and the security forces protecting the factory owner from the marauding bands made by people in the private sector.
The same with the gasoline in the trucks and the diesel in the trucks.
All of it came from the private sector.
Not any of it, Zilch, came from the government.
Ms. Warren, the government doesn't have any money until it takes it from people first.
But this notion that we're all just one giant commune is the justification for the redistribution of wealth.
This whole notion of paying forward is based on a premise that you can't pay it back.
You can't pay back what was done for you, so you have to pay it forward to other people who didn't actually directly help you.
And this is a spirited way of justifying the redistribution of wealth.
And the cement, the asphalt, all of the materials necessary to build these precious roads that this robber-barren factory owner unfairly used, the money, the money, all of it originated in the private sector.
Nobody got rich on his own.
The factory owner and his employees pay taxes.
What is so difficult to understand about this?
She doesn't understand it.
Primarily, she doesn't want to understand it.
Not only did the business pay taxes, but the owner, the factory owner, paid taxes personally as well.
And by the way, the only thing taxes pay for is education, roads, and police protection.
Is that it?
If that's all our taxes paid for, Lizbeth, we'd be pretty cool with that.
No, we got to give money away to Solyndra.
We have to have 16 different school lunch programs, so forth and so on.
But this is the liberal justification for class warfare, for class envy, for redistribution of wealth, for taking.
Because nobody really deserves what they have.
Nobody should have anything more than anybody else because everybody always does it on the backs of other people.
The biggest, most successful people in the world couldn't have done it.
And this is Obama's worldview of the United States.
I might add, when he runs around the world and apologizes, his view of the United States is exactly Elizabeth Warren's view of the factory owner in this soundbite.
I want you to replay this.
I want you to look at it.
Every time you hear her talk about the factory owner, I want you to substitute the word country and then think of America.
For example, when she says, No, nobody got rich on their own.
No country got rich.
You listen to it and you substitute country for factory owner, make the appropriate substitutions, and this is exactly how Obama looks at this country and the rest of the world.
I hear all this, you know, well, this is class warfare, this is whatever.
No, there is nobody in this country who got rich on his own.
Nobody.
You built a factory out there, good for you.
But I want to be clear: you moved your goods to market on the roads the rest of us paid for.
You hired workers the rest of us paid to educate.
You were safe in your factory because of police forces and fire forces that the rest of us paid for.
You didn't have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did.
Right.
So I'll do it for you.
There is nobody in this country who got rich on his own.
There is no way this country got to be a superpower on its own.
No way.
We became a great country, good for us.
But we did it by using and taking for nothing things from other countries and other people that we had no right to and that we didn't pay for.
We used resources and people that were not ours and claimed greatness as a result.
This is exactly how Obama looks at this country.
The same way she looks at the factory owner is how he looks at this country and the rest of the world.
And not just Obama, but all the people he surrounds himself with.
The factory owner, illegitimate.
The business owner, illegitimate.
Nothing special about him.
Nothing special about somebody who built something from nothing because he really didn't.
He couldn't have done it without screwing a bunch of other people along the way.
Never mind the fact that the owner is paying taxes, his business pays taxes.
And who is to say that businesses don't have to worry about marauding bands?
The biggest marauding band that business has to worry about today is something they really can't control, and that's government, people like Elizabeth Warren.
So who says, Ms. Warren, that businesses are free from marauding bands?
The marauding bands of today are government regulations topped upon themselves.
When this factory owner you talk about looks out his window, the marauding band he sees is the federal government and this never-ending list of regulations.
You are one of the marauding bands.
You, Ms. Warren, are the type of person you want to take as much as you can.
You say that here this is next bite.
She talks about, cool, you build a factory, you have to keep a hunk of it.
Now, look, you built a factory and it turned into something terrific or a great idea.
God bless.
Keep a big hunk of it.
But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.
Why?
Why should somebody have to pay forward for somebody that had nothing to do with what happened?
Now, this is the foundation for redistribution of wealth.
Also, fine, in her world, you make a factory big product client.
You keep a hunk of it.
What's a hunk, Ms. Warren?
20% of it?
70% of it?
What is a hunk of it?
How much does this entrepreneur get to keep in your worldview?
It's undefined in her sound bites here.
Ms. Warren, what do you think the EPA is if it's not a marauding band?
Trying to shut people down.
What's the FCC if it's not a marauding band?
What's the Food and Drug Administration if it's not a marauding band?
By the way, what if the factory fails, Ms. Warren?
You're going to pay for the failure?
You're going to help them keep their house?
The factory builder has risked everything.
Nobody else risked anything.
Nobody else paying for all of this had the slightest clue what they were doing.
Well, that's true.
And they still went bankrupt.
Cylindra didn't pay for anything, and they still went bankrupt.
That's what I'm, that's my point: is if all we were doing was paying for roads and bridges and police, fine.
But we're not.
We're paying for Cylindra and Light Squared and Fast and Furious, 16 different school lunch programs.
It never ends.
Now, this, I got to tell you something.
The left in this country is jazzed.
They are celebrating this.
This is the greatest thing that's ever hit YouTube to them.
They think you go out and look at some of the comments, some of these far-left-wing websites, and this finally, finally, it's about time somebody takes it to the rich.
It's about time somebody told the truth about the rich.
The rich are doing it on the backs of everybody.
It's my factory, too.
It's not just the factory owners.
I helped build that.
I made it possible.
Yep.
Well, I've acknowledged this.
Let's apply her thinking to me because I don't have a factory here.
I have a radio network.
And of course, I can sit here and jabber for three hours all day long.
If there aren't radio stations willing to carry it, where am I?
And if there aren't sponsors willing to be part of it, where am I?
But I am totally cognizant of this.
And these people are profoundly and deeply appreciated and acknowledged and paid when it's called for, just as the factory owner.
And by the way, what kind of skids did he have to grease along the way with various...
Notice how the government is always angelic.
But I'm telling you, folks, this grand total here, 17 seconds and 40, but 60 seconds is more instructional and informative of what we're up against.
These are like one-armed lunatics in a fight.
They never stop swinging.
No matter what.
And that's this is the kind of stuff they believe.
Total collectivism.
It's all found in Marx.
All there.
And it's all based on the presumption that all success is illegitimate, including the success of the country.
No, no, no, no.
We all don't share in the failure when the factory collapses.
That's a celebration.
But according to Ms. Warren, we've all got skin in the game.
That factory owner wouldn't be anywhere without us.
Anyway, I got to take a quick break here, folks.
Don't want to spend too much time on this, but you get the point.
I'm sure you'll have calls, comments about it.
Lots of stuff to do here.
We're going to move on.
We'll get to your phone calls in due course.
Sit tight.
We're going like a bat out of hell today.
We're going to talk fast.
You're going to have to listen fast.
You want to keep up.
Ha!
How are you?
Welcome back, Rush Limboy.
You know who the real parasite here is?
It's Elizabeth Warren.
How many people does it take?
The taxes of how many people does it take to pay Elizabeth Warren?
The tuition of how many students to pay Elizabeth Warren?
I'd like to know how many pensions she has.
Is Harvard, Rutgers, time at the White House, time at TARP with Dingy Harry?
If she's elected to the Senate, how many pensions is this woman going to have?
Is it Social Security?
We pay a lot of money to Ms. Warren.
She's a parasite.
She's a parasite who hates her host.
Willing to destroy the host while she sucks the life out of it.
Roads, bridges, firefighters and policemen.
Nobody got rich because everybody has to use them and we all pay for that.
Well, who built the trucks?
Who laid the concrete in the asphalt?
As though government does all of this.
Somebody needs to read to her.
You've seen this.
This has been going around the internet for as long as there's been an internet.
The story of the little red hen.
Somebody needs to read the story of the little red hen.
It's an old Russian folktale, by the way.
The little red hen finds a grain of wheat and asks for help from the other farmyard animals to plant it.
However, no animal will help her.
At each stage of the work, there's planting, harvesting, threshing, milling the wheat into flour, baking the flour into bread, all of that.
The hen again asks for help from the other barnyard animals, and again, none of them will help.
Finally, the hen has done it all on her own, completed her task, and asks who will help her eat the bread.
And this time, everybody volunteers.
But she says, nope, no one helped me.
You don't get any bread.
And she eats it with her chicks, leaving none for anyone else.
They've been making the gang up on her and kill her.
Yeah, and there have been modern adaptations of that that have flown around the internet.
Anyway, ladies and gentlemen, this has ignited the left-wing blogosphere.
Oh, yeah.
Oh, my God.
This is orgasmic.
This is a guy in a new republic, Jonathan Cohn, Celebrating her rant, especially the philosophical pillar that the rich aren't are just basically lucky, as I've met many people at the bottom of the income ladder who worked just as hard for far less reward.
Between 1980 and 2005, the richest 1% of Americans got more than four-fifths of the country's income gains.
Does anybody seriously believe the other 99% didn't deserve to take home a much larger share?
This is the kind of thinking undergirds it all.
And again, I cannot emphasize this enough, but this is exactly the way Obama views this country in the rest of the world.
This is the thinking behind Mao Zedong's cultural revolution.
This is the thinking behind Fidel Castro's revolution.
The kind of thinking is going on in Venezuela.
And, as you can see, in our citadels and even in our government.
Okay, I'm sure by now that you have figured out on your own what the central flaw in Elizabeth Warren's thinking is.