All Episodes
Previous Next
Sept. 23, 2011 - Rush Limbaugh Program
36:50
September 23, 2011, Friday, Hour #1
| Copy link to current segment

Time Text
Welcome to today's edition of the Rush 24-7 Podcast.
Yes, America's Anchor Man is away today, and this is your undocumented anchor man sitting in Mark Stein.
Honored to be here.
No supporting paperwork whatsoever.
I'm a uh foreign exchange student at the Limbaugh Institute for Advanced Conservative Studies.
It's a great program.
Uh guys like me get to study here, and in return, the Obama administration gets to tank the entire global economy.
So it all works out.
Uh we're going to get to the uh Republican debate in Florida last night.
Uh I didn't think it was the greatest debate in the world, to be honest.
A lot of stuff going on out there uh in what we loosely call the world.
Uh I love this headline from CNBC.
Global meltdown.
Investors are dumping nearly everything.
So now it would be a good time to buy nearly everything if you're interested in getting into what's left of the market.
Uh uh uh Wall Street Journal, World Bank's Zealek, this is the guy who runs the World Bank, World in Danger Zone, World in Danger Zone.
Didn't get a lot of the urgency, didn't get a lot of the urgency from that Republican debate last night, and the and the biggest line of the night turns out to be the guy who's this guy, what's what's he called?
Uh Mr. Snerdley, the fellow from New Mexico, the like the twelfth place candidate, the the exciting new guy.
What's he called?
The none of the above guy, what's he called?
This uh yeah, him, him, that's right.
Uh Governor uh Gary, I think that's it.
Gary uh Gary Wasn't uh from uh from New Mexico.
Yeah, he, him, him, that's right, him.
Governor Him, Governor Gary Him from uh New Mexico.
He he qualified for the debate because he registered uh at one percent in the polls.
If you get one percent in the polls in a basket of polls, if you get a combined total of one percent in the basket of polls, but I don't even understand because that's within the margin of error anyway.
But if you come within Gary Johnson, that's the guy.
Gary Johnson, the Governor Gary John.
I knew it was Gary Johnson.
I'm I'm paid to be up on these uh things.
I I knew, but I just thought I'd call him Gary, Gary Wassenham.
Gary One Percent.
He's the one percent guy.
But the one percent guy uh got the one hundred percent laugh line with uh a lie that you may have heard a few hours earlier on uh on the Excellence in Broadcasting Network when he said uh that his next door neighbours dogs had generated more shovel ready projects than the Obama administration, which was of course uh a line that Rush used round about this time yesterday.
Uh so uh I don't know whether that's what Rush is doing.
Is he out r writing more uh boffo lines for uh Governor Gary Wasname of New Mexico?
I don't I don't I don't know.
But Rush will return live at the microphone Monday.
We will talk about if there's anything other memorable that happened in the Republican debate, other than Governor Gary Wasname of New Mexico using uh Rush's line about the dogs and the shovel ready proje uh projects.
Do let me know, because there wasn't there wasn't a lot to discern in it.
But it is the end of the week, and you know what that means.
Live from New York City, it's open line Friday.
Yes, in fact, uh we're not live from New York.
We're live from Ice Station EIB in uh northern New Hampshire, but the uh but the economy is so dead we cannot even afford to have a new IDEM made.
That's uh it's a shovel ready project.
The IDENT that would say live from New Hampshire.
It's a shovel ready project, it's ready to go, but we cannot get stimulus funding.
It's the only shovel ready ready project in New Hampshire that cannot get stimulus funding from the Obama administration, the uh new IDEN.
But we're here, 1800-282-2882.
We're here at Ice Station EIB uh in New Hampshire.
The way it works is it goes from here to Mr. Snerdley, who's running the show uh from sunny uh South Florida, and then it goes from Mr. Snerdley up to our New York studios, uh, and then from I think goes from New York over to uh somewhere in California and then up to the big satellite and uh and out to you.
So it's a very complicated process.
And at any point in this uh in the slender thin piece of string connecting me in New Hampshire with Mr. Snerdley in Florida, the whole thing could go barely up.
But 1-800-282-2882, you know how open line Friday works.
Monday to Thursday, the contents of the show are under the control of a highly trained broadcast specialist.
Uh Amateurs are not allowed to distort and derail the content of the show.
But there is no highly trained broadcast specialist uh here today, just some minimum wage illegal immigrant.
So we turn it over to you.
Authentic all American content supplied by you, the all American radio listener.
1 800 282, 2882, whatever you want to talk about.
You know how it goes, anything.
Go on, throw it at me.
Ballet, cricket, I don't care.
I'll take it all.
1800, 282, 2882.
And of course, if you want to talk about uh what's going on uh in the Republican residential debate, uh boy, Rick Perry.
Uh he's uh he's not where he was a month ago, is he?
He was like he was like the uh uh the uh desperately seeking uh anything but Romney candidate a few weeks ago, the desperately seeking anything but Romney candidate got in the race, uh and now we're back to uh uh looking for a new uh none of the above guy.
I don't think Gary Johnson is gonna do it, notwithstanding his uh b big laugh he got with the rush line about the dogs and the shovel re uh shovel ready projects.
Um here's my problem with w with the debate the way it was last night.
I thought I thought at certain level, you know, it was ridiculous.
In ten years' time, someone uh will be rummaging through the ruins of the republic and they will find an old video cassette or whatever they use now of this debate and stick it in whatever f they'll then they'll look for a rusted up video machine to play it in and they will look at this stuff uh uh questioners asking uh one of the questions was one of the questions about gays in the military.
Seems like a kind of odd thing to uh to be asking about when the the president's proposing another half trillion dollars in useless spending uh when the global economy uh is going through the floor when we don't even actually know where the floor is.
We've fallen through we've fallen through the floor, and we don't know how many uh sub-level basement uh stories there are to go to until we hit bottom.
Uh and there's no and there's no sense of that in these debates.
It's it's uh it's weird, and I'm not even blaming the candidates for this.
I'm I'm I find the kind of questions uh on this whole business uh complacent.
It's it's bizarre to me uh that that in these times we are not uh talking about uh real core uh questions facing uh the United States as the leader of the global economy, uh the the crisis in jobs in this country, uh the uh crisis of uh economic sclerosis in this country, and instead we're just uh we're just listening to questions about gays in in the military.
Don't get me wrong, I can I understand it's important to establish.
It's critically important to establish.
Whether you when a guy puts himself up for a president, he's he's sufficiently uh non-homophobic to be willing to license a team of crack lesbian paratroopers to uh to repel uh down the sides of the Chinese treasury in Beijing and uh break in there and crack open the safe and burn the the uh ever swelling mountain of our IOUs in the Chinese safe.
I can understand that's important, but there ought to be room uh for a few other issues to be discussed.
And uh there were a lot of things that went uh unsaid last night, and uh we didn't even get to.
There were only fifteen minutes on foreign policy.
And what I found interesting about that is that uh is that uh actually half the candidates on the stage aren't even aren't interested in foreign policy.
And I don't just mean like you're on Paul isolationists and you're Gary uh Gary Was name, uh Governor Him from New Mexico, the one gary one percent from New Mexico.
Uh it's not just that they're not interested in in foreign policy, uh you know, even Rick Perry isn't uh that interested in foreign policy.
And the other thing I think Rick Perry has to be a little bit careful about is when he's he's basically adopted the Democrat line now on the whole illegal immigration issue.
He says that uh, you know uh if you uh if you want to demonize him for uh providing uh education to elite the children of illegal immigrants at in-state tuition rates, uh then you don't have any heart.
You know, he's beginning That's that's a Democrat talking point.
When he says that uh if you're opposed to what he did with immigration, it's because you're not comfortable.
You're up some uptight waspy type with a name like uh I don't know, Gary Johnson.
Uh you're some uptight waspy type with a name like Gary Johnson who can't handle that we now have fellows called Jose in this country.
That's a Democrat talking point.
That kind of cheap racism is a Democrat talking point.
Uh and it's I I don't kind of I don't kind of get that.
In a two-party system, we've got we're covered on that.
The Democrats will do the cheap racism demagoguery that you don't like people called Jose and you don't have uh any heart.
We need we we should have an alternative to that on the other side, in a two-party system.
Uh by the way, you know, the racism about President Obama is uh is getting out of control.
Uh listen to this.
This is a response to the President's United Nations speech.
He was talking because as you know, it was uh UN General Assembly dictator of the week week in uh New York all this week, and so the president went along and gave a big speech at the General Assembly.
And this is uh how it was reported.
This is this is what one commentator said.
Quote, the black president's speech was blacker than the tar thrown at the Palestinians because his main concern is to guarantee Jewish votes and Apex financial and propagandist support, unquote.
This is just outrageous racism.
And I was wondering which like which Tea Party guy, which right wing talk radio nut had uh been responsible for this.
The black president's speech was blacker than the tar thrown at the Palestinians.
And uh it turns out to be from Adel Abd al Rahman, a Palestinian reporter from Al Hayat al-Jadida, which is the official daily newspaper of the Palestinian Authority.
Thank you, Mr. Abd al Rahman.
The black president's speech was blacker than the tar thrown at the Palestinians.
I don't know.
Nobody nobody does racism like the official newspaper of the Palestinian Authority.
And good grief, thank goodness nobody nobody uh nobody at the Tea Party would say anything uh anything like that.
So we'll talk about that.
We'll talk about uh the uh President's UN speech, we'll talk about the Republican debate, we'll talk about dictator of the weak week uh at the UN General Assembly, and we will talk about the uh the Twilight of the Republic as reflected in the topics that come up on uh the Republican presidential debate.
One eight hundred two eight two two eight eight two Mark Stein Inforush on the EIB network.
Mark Stein Infrarush on the EIB network.
We have our first uh outraged uh liberal of the day.
Someone uh someone just called in and uh hung up very uh uh peremptorily uh claiming I'd mispronounced the president's name.
I'd said Obama rather than Obama.
I don't think I did, did I?
Bob Beckle told me off for that live on TV.
He he said in the early days, I think when uh when Obama had just been elected as a senator, he'd been a senator for twenty minutes and was uh beginning to plan his run for president because, you know, he was bored with being a senator for twenty minutes.
And um I I think I referred to him as Barack Obama then, and Bob Beckle corrected me and said, I know you're a foreigner, but you at least learn to pronounce the names properly of uh of distinguished men who've been in the United States Senate for twenty minutes.
It's Obama, Obama.
I think it's one of those Pakistan Pakistan things, and uh I have enough long A's and uh and I like to uh roll my Rs from time to time, and apparently I should put more of a log A and an R in Obama.
Obama I'm falling under your spell, but this outraged liberal hung up about that.
Now I was critical of Rick Perry uh uh a li uh a moment ago, because I'm sick of actually I'm sick of this cheap glib uh demo uh demonization on the basis of Democrat talking points.
If you want to give uh in-state tuition rates to illegal immigrants, you at least find your own lousy talking points for it instead of saying, Oh, it's about the heart.
It's it's all about the heart.
It's because and if you object to that, it must be because you don't like people called Jose.
I'm sick of that.
That's we got the Democrats covered on that.
Find your own lousy glib uh cheap uh demonizing talking points on that.
Uh let's go to Mitt Romney.
My problem with Mitt, my problem with Mitt.
Uh I I think Mitt is a habit of uh uh uh of trimming according to whatever office uh he happens to be he happens to be in the running for.
Um I don't I'm not saying anything particularly new about this, but I mean there's a t significant distinction between running when he was campaigning to be a senator in Massachusetts and then a governor in Massachusetts and since he decided he was going to run for President of the United States.
And I don't uh I I think that reflects nothing more than the fact that the electorate in Massachusetts happens to be one kind of the electorate and uh and the electorate in the United States as a whole happens to be a a fairly different kind of electorate.
But the problem here is uh is is that it means he's kind of slightly behind the curve on a lot of issues.
And I'm not sure that's really going to get us where we need to be in terms of um the uh general general election.
We need a guy who's willing to make the running.
I mean this is an existential crisis for the United States of America.
This the guy who is elected next November is going to be the first president of the United States since Grover Cleveland in his first term who will not be a president presiding over the world's leading economy.
This is if the IMF is right and Chi and China's economy uh overtakes America's economy by the year twenty sixteen.
That means that this guy will be in a position that no American president has been in since Grover Cleveland in his first term.
He will be the number two guy.
So we we we are living in incredibly fast moving times.
And there's something slightly off to me uh about a guy who's kind of not willing to actually move the meter on some of these issues.
This is what I like about uh you know they always say what what you really need is a guy who moves towards the middle.
I prefer a guy like President Reagan, I prefer someone like Mrs. Thatcher who moves the middle toward you.
In other words, President Reagan says things and the media say wow this is extremist, this is crazy, uh this is uh way out uh beyond anybody's comfort zone, and the next thing you know is that people have moved towards him and suddenly the center of the discussion has moved.
You need people who are willing to move the center of the discussion.
And for all his faults on certain issues like social security, Rick Perry was actually pretty good uh at that.
Uh Rick Perry's problem is that he's given three lackluster performances in three debates in a row now.
I don't quite I don't quite get it.
He came in he as the star candidate, everybody was waiting for him everybody was waiting for him to jump in.
He's transformed the dynamic of the debate because now these candidates uh the candidates who before used to beat up on Tim Paulenti uh or whoever are now beaten up on Rick Perry.
Romney is just kind of cruising along there.
Nobody's interested in going after Romney.
Uh Michelle Buckman goes after Rick Perry, uh Rick Santorum goes after Rick Perry but in the meantime, this guy has given three lackluster performances.
Look at this guy in these debates and really think.
I don't know.
This guy had a tough uh nomination battle.
He was up against uh in Texas he was up against uh K. Bailey Hutchinson uh and all the Bush crowd backed uh dear old K and were behind K and he clobbered K and he won that nomination so presumably he can do it.
I mean I didn't follow any of those Texas debates.
If you lift if you're listening in Texas uh and you you want to explain to me how Rick Perry managed to clobber K. Bailey Hutchinson and there's been no sign of that in these last three debates, I'd be interested to hear what the difference is and why the difference is I mean I it seems to me a lot of it is just that he's not actually engaged uh by particular issues.
He seems to have no particular interest uh in as I said in foreign policy.
But the but look at this guy and then figure out whether that guy is really going to be able to stick it to Barack Obama when we get into the big uh the big national debates.
He's really got it he can't afford a n a fourth performance like this.
So that's the thing.
We've got in Rom Romney is just like great.
His hair looks fabulous, his hair looks better and better.
It's like the hair of Dorian Gray.
It's like his hair looks better and better as as all the anyone but Romney candidates shrivel.
But the g the guy I have a the guy does not seem to me to quite grasp The urgency of the times.
And that is the problem when you're someone who's just used to trimming and calibrating your position according to what your particular view of the electorate is.
The problem is that when you do that, you tend also to govern like that.
That's how he governed Massachusetts.
In the end, Romney might as well not have been governor as m of Massachusetts.
In the end, it wouldn't have mattered if a if if a Democrat uh had been uh governor of Massachusetts for whatever it was, the one term that he was there for.
So it's not enough.
And and at some point uh these these debates have to catch fire.
And the electorate has to understand what is at stake here.
We're a nation with fifteen trillion dollars of debt, uh, in which we spent the entire summer uh in a clenched teeth showdown that cut seven billion dollars of debt uh out of the twenty twelve budget, and then the president swans into Congress and airily proposes another half trillion dollars, so much for the seven billion of savings.
Yes, open line Friday, one-eight hundred-282-2882, baby, everything is all right, uptight, and out of sight, much like America's debt mountain.
That is that is way up there.
That is way out of sight, but there's no need to get uptight about it.
Open line Friday on the Rush Limbaugh Show.
JC Dugard is suing the federal government for failing to monitor the convicted sex offender who kidnapped her and held her captive for eighteen years.
Uh the uh complaint filed in U.S. District Court in San Francisco on Thursday says the failures by federal parole officers in the handling of Philip Garido's case are as outrageous and inexcusable as they are numerous.
Garido was on patrol, on parole, when he kidnapped Dugard in 1991.
He fathered her two children while holding her captive, and uh Garido and his wife Nancy are in prison after pleading guilty in Dugard's case.
Uh Dugard is seeking unspecified damages.
She and her daughters have already received a twenty million dollar settlement from the state of California.
You know, I was uh uh JC Dugard's book came out uh whatever it was about uh two months ago, I think, a couple of weeks before mine, and uh we were jostling uh together I was just underneath her on the on the uh on the bestseller list.
And in fact, I think up in Canada, I eventually overtook her.
I was it was kind of JC Dugard and me went kind of neck and neck on the Canadian bestseller lists, and then I snuck past her.
Uh but in the US I think she kept on uh she kept down I never quite managed uh to outsell JC Dugard.
And I I remember saying to my publicist, well, you know, uh say what you like, but JC, dear old JC went went went through a lot more to get her best seller than I had to.
So I couldn't really begrudge her that.
I didn't really begrudge her her numbers.
But I was not aware that she had received a twenty million dollar settlement from the state of California.
And now she is going after another, presumably even bigger settlement, because let's face it, this is the federal government, so you know, why not why not add another zero on to that?
Uh she's going to uh f for another settlement uh from the federal government.
Uh and I I'm sorry, but you know, it's tough uh th there's really no for what she's been through, it is uh it is literally for most of us inconceivable that you could basically spend the the best part uh uh of uh two decades as some sick freak's captive uh in in the course of which he does whatever whatever he wants with you.
Uh and yeah, I mean that is that is something that most of us could not conceive of.
But the idea that there is a price on that, that there is a a financial sum you can place on that, and that the government should somehow be which means you, by the way, which means you and me, we're all basically paying now.
It's not Philip Garido.
Philip Garido doesn't have to pay uh for what was done to JC Dugard.
The taxpayers of California do.
The taxpayers of California who are who are screwed over by every other stupid uh burden that's placed on them uh by Sacramento and at the county level and all the rest of it, including the latest bed sheet regime, uh, where they want to criminalize bedsheets uh in in California hotels.
It's gonna be a crime if you run a motel or hotel in California uh to fit the bed with a non-fitted bed sheet.
If you use a non this this is true, Mr. Snurley doesn't believe this.
The the cali you know California, that big broke lump out on the West Coast, you know, that great big dead festering, dying great wasteland out on the on the West Coast.
That California, uh, they've decided that their priority is they want to have a now a state bedsheet regime.
There's gonna be a state bedsheet police uh as a a state bedsheet SWAT team that if you're if you're running the Econo Lodge out on Highway 372 and you're putting non-fitted sheets on the bed, they are gonna kick the door down and they are gonna arrest you in the act of putting non-fitted sheets in those beds.
Mr. Snerdley can't believe this.
Mr. Surley, by the way, for all you racists out there, if you're going to a big clan rally uh out in California this weekend, make sure you wear an elasticated sheet uh on your head, because otherwise you will be in non-compliance with the California bed sheet regime.
Uh they they have decided.
Uh it is it has been ruled that uh the the the their sense of priority, their ability to prioritize uh prioritize is uncanny, and they've decided that when you're broke and you're driving your productive class beyond your borders, the best thing you need to do is to install a state bedsheet regime that uh criminalizes non-elasticated sheets in California hotels.
This is what the geniuses who run California do.
Uh I mentioned it to a Mexican illegal immigrant friend of mine when I was down in Tijuana a couple of weeks ago.
He he and he said, Oh no, uh it's nothing new to me.
Uh uh California is renowned throughout Mexico for its chic government.
So, you know, maybe it's uh entirely expected after all.
Anyway, um JC Dugard now has already added another twenty million dollars onto the cost of whatever the California bed sheet police has added to the cost of California government, uh and she's now going for more money from the federal government.
And this by the way, this is a deformed uh uh idea of uh of of what uh uh uh of the relationship between the citizen of the st uh and the state.
Uh the I guarido ha d has to pay no price for this.
He's uh he's a sick freak.
Uh I'm sure he'll be getting his jollies in whatever uh state uh penitentiary he's in at the moment.
Uh and likewise his uh wife, he doesn't have to pay for this.
But the idea is that uh California citizens have already paid twenty million dollars for what happened to J. C. Dugard uh and federal taxpayers are now gonna be paying uh even more.
Mark Stein in for rush, let us go to Lisa.
We are coming to you live from the great state of New Hampshire today, and so is Lisa.
Lisa is in Candia, and if you know your New Hampshire towns, you'll know that she is down in the uh southeastern part of the state, and I'm uh whatever they call it, kiddie corner uh to her in the northwestern part of the state.
So Lisa from Candia, uh great to have a fellow granite stator on the line.
Welcome to the show.
Thank you.
I um I called because I've watched all three debates, and I'm in such a quandary because no one, none of the candidates the next candidate, the next president of the United States is gonna have to get us out of this mess that we're in as a country, or we fall into the abyss, and I don't think that any of them can do it.
I don't see none of them in my estimation.
The only two that I like are Ron Paul and Herman Kane, and everywhere you look, you're being told, well, they don't have a chance and they're not electable and and all the other ones, they're not constitutionalists, they're not they're not gonna get us out of this mess that they're in.
They're just gonna maybe, maybe slow it down a little bit.
Yeah, uh and uh that's what's being offered.
Basically the Democrats are saying we want to plunge into the abyss at full throttle, and uh the sensible moderate position is to plunge into the abyss in second or third gear, which is what uh the the distinction uh between between, say Romney and Huntsman is.
Huntsman wants to go over the cliff in third gear, and Romney thinks that's a bit excessive and he's willing to go over the cliff in second gear.
And uh you're you're right, but you know, it's not about finding someone.
H here's the difference though, Lisa.
I don't think anybody can any candidate, no single man uh or woman elected president is gonna is gonna be able to transform this uh single-handedly.
But the point of the political process is to at least have the conversation in the correct ballpark.
And this is what's driving me crazy.
That's what the candidates need to do.
The candidates need to be moving the ball to the center of the field on this issue so that we're holding it in the realm of sanity.
And every time...
They're not doing so.
No, and in fairness, and in
in f uh the the the one the one other point to bear in mind Lisa is that in fairness to these candidates uh it's not it's not so much them the questions are are insane the questions are insane uh we we're in a they need to use their skill and move the question they you know if the if if I'm not gonna hold my nose and vote for a John McCain again because that's who my party nominates.
I'm not gonna do it.
I'm just not gonna vote if if what they give me is a Rick Perry or a or a Romney.
I I just I I live next door to Romney.
I know what his state is like and you know Rick Perry just isn't my guy and those are the only two that that they're even putting forth as a as possibilities at this point.
Well these are these are early days Lisa don't forget that this time round in the last process uh the Romney uh the guy the guy in the the guy in the lead the the two guys in the lead this time in the previous in the 2008 season were Giuliani and Fred Thompson and as you well know by the time uh those guys came to tramp the snows of New Hampshire on New Hampshire primary day they were nowhere they were nowhere in the running.
A lo a lot can still change but but mo but what's more important than any uh any individual is uh i is is for the the conversation to change and I agree with you I think they should just say when they're asked a stupid question uh they should actually they should openly express their contempt for some of these questions because these questions are these questions are ridiculous.
We're gambling with the future of the entire global economy, with Western civilization, with 70 years of post-war prosperity.
We are putting all of that up for grabs.
We are saying to our children and grandchildren, we're going to leave you guys to take an almighty flyer on the future because we don't care.
We're happy to just drive off the abyss, and we've got a functioning two-party system that says you can vote for...
for the party that wants to wants to go at a hundred and twenty miles an hour over the cliff and you can vote for the prudent uh responsible centrist uh moderate uh slightly right as center party that wants to go over the cliff in third gear and and we're teaching a very dangerous lesson here by the way because uh uh l the point about the last couple of years Lisa is that uh is that we changed ordinary people changed the conversation in this country.
In two thousand and nine uh Time and Newsweek and all these people were running cover stories on how uh what was it was it Time or Newsweek had the cover story we are all socialists now.
Uh they had uh Obama photoshopped as uh FDR with the top hat and the cigarette holder riding to his inauguration.
It was big government, big government we were all for big government, small government conservatism was dead.
Ordinary people in town hall meetings uh and uh in the Tea Party movement changed the conversation and won a great victory in November twenty ten.
Because it wasn't a presidential election.
The minute it becomes a presidential election, it's not about millions of people with no names at town hall meetings.
It's about half a dozen individuals who are all calibrating their messages according to what the focus groups say.
And the minute you do that, the minute it all becomes reined in, it all becomes tentative, it all becomes cautious.
We need to keep that spirit of 2009, 2010, keep moving the meter on public debate.
Thank you very much for your call.
my fellow Granite Stater Lisa in Candia.
It sounds like Canada, but in in fact it is in Southeastern New Hampshire.
It sounds like uh Candida big hit for Tony Orlando and Dawn but in fact it is a far more mellifluous and musical place than anything in Tony Orlando's wildest imagination.
Mark Stein on the EIB network more to come Mark Stein in for Rush on the EIB network.
Open line Friday one eight hundred two eight two two eight eight two hey let's go to Anthony in Las Vegas, Nevada.
Anthony you're live on the Rush Limbo Show.
Great to have you with us.
Hi, Mark.
Listen, I'm a long listener to to Rush.
And you know, I've been hearing uh all this debate stuff is going on, but nobody ever mentions about housing.
Now I think housing and uh jobs, they're related together.
Without housing, there won't be no jobs.
And if there's if there's no jobs, I can't own a house.
No, you're not going how come they don't debate that.
That's very important.
Well, you you live in a state where uh I think it's uh between sixty and sixty-five percent of all mortgages are underwater, right?
That's that's uh where you've got the old negative equity.
That's Harry Reed's what Harry Reid uh has done for the Nevada uh housing uh market.
Obama came into office promising to uh lower the rise of the oceans.
In fact, he's uh successfully managed two years on to flood the entire Nevada Desert.
Thanks a lot, genius.
So we got two-thirds of mortgages underwater in your great state of Nevada.
Uh there's about twice in the country at large, there's about twice as many large family homes, as that's to say, you know, three or four bedroom houses, as anybody's gonna need for the foreseeable future.
Uh so when you say without housing there's not going to be any jobs, you mean that uh we need people to work in construction.
So you need uh you need carpenters, you need plasterers, you need excavators.
The housing market generates a lot of jobs.
Is that the point you were making?
Yes, I am.
That's one of the points.
But also is how come the banks doesn't now work uh with the housing people that all they're all on the water.
And the problem is that you know Obama, he took care of the banks, he took care of everybody else, but the people who've got these homes that they're underwater, they can refinance because it the house is not worth anything.
It's it's in my case.
I bought a house that's two hundred and fifty thousand dollars when I bought it.
It was it was uh appraised for three hundred and fifty at that particular time.
Now it's only worth the hundred and ten.
Now, how can you want it the people to stay in their homes and keep on paying mortgages and the houses is going down and down, and every penny that you put into that housing, you keep on losing it.
So why doesn't that somebody come and help the people who are underwater or give them a chance to refinance it on the level that it is now because you know Anthony Anthony, that's a f that's a fascinating point because what the government did, and this is where Americans should be mad, by the way.
The government, in the interests of social engineering, chose to intervene in the housing market of the United States.
Uh and and they destroyed it.
The subprime mortgage, by the way, is unique to the United States of America.
Canada has a whole bunch of other issues, but Canada's property market is not in the same tank as America because there's no subprime mortgage in America.
The subprime mortgage uh was invented by government uh uh in the interests of social justice, social engineering, uh, in a way to deny uh the government in effect uh prevented banks from making honest assessments of risk.
When there's a guy uh sitting across the desk from you and he tells you he's got a he lives on a welfare check and he's got a five hundred dollar a week cocaine habit, uh, and he has no plans to get a job any time soon.
The government says, okay, no problem.
You might not want to give that guy a half million dollar home, but we the government are telling you you gotta give it the guy a uh a half million dollar home.
If you have a credit boom, credit, the whole we think of credit is a financial instrument.
In fact, credit uh is a moral concept.
Uh it depends on trust and trust presupposes responsibilities.
If you have a credit boom in an age uh in which the government is effect and in effect uh criminalized personal responsibility, it's not difficult to see where it's going to end.
So we have absolutely hollowed out the the housing market in this country.
Uh Government crippled the housing market in this country.
Government clobbered it.
And as property is one of the bedrocks of a free society, that is not an insignificant thing.
It's not even an economic issue, it's a liberty issue.
When government takes a cudgel to property, you're in big trouble.
More to come.
Mark Stein in Farush.
By the way, if Anthony's uh interested in Obama's general sympathy towards his property issues, how about this quote from the president?
Quote, I'm not interested in the suburbs.
The suburbs bore me.
Stop, unquote.
The young Barack Obama told the Associated Press in the early 1990s: Don't think he's going to be worrying about your home's value anytime soon, Anthony.
▲
Export Selection