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Oct. 4, 2011 - Rush Limbaugh Program
36:46
October 4, 2011, Tuesday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
Well, you may have heard by now, ladies and gentlemen, that uh Governor Christie of New Jersey has scheduled a press conference for one o'clock.
55 minutes from now.
Major news organizations are reporting that Governor Christie is going to say again that he is not running.
This will leave Bill Crystal of the Weekly Standard stranded at the altar.
Once again.
Others are reporting Crystal has been spotted at Dulles International with a clipboard asking passengers at random if they want to run.
Great to have you here at 800 282-2882.
If you want to be on the program, they first give away to me when Christie schedules his presser at one o'clock, directly opposite the Apple iPhone 5 announcement.
That's all I needed to know.
Not gonna run.
I mean, if you schedule up against an Apple announcement, uh means you don't want a whole lot of people to hear about it.
At least I'm kidding.
I'm sure Christie doesn't even know that Apple has an announcement at uh at one o'clock.
So the question, how many times does he have to announce this?
By the way, Nancy Reagan's out there saying, I didn't tell him no, these reports are crazy.
I didn't tell him I wanted him to run.
Uh I haven't told anybody I want him to run.
That's what that's what she's uh putting out there.
You may have heard uh, ladies and gentlemen, um some girl who was uh convicted of murder in Italy had had her uh conviction overturned by a second jury.
I think her name was Knox.
Amanda Knox.
Yeah, that's what it was.
Yeah, that's her name.
And um, yo, you you've heard about it.
Oh.
You mean I'm behind on you.
I feel like well, I feel like this a Casey Anthony thing.
I didn't hear about that until it was had two weeks' life lifestyle left in it.
And I didn't hear about Amanda Knox till yesterday.
I figured nobody knew who she was.
All right, I don't need to tell anybody.
You already know about this, right?
Whoa.
Yeah, yeah, yeah.
I was just tell everybody that I didn't think anybody knew.
She's on her way back to Seattle because the second jury in Italy found her um well, they overturned her conviction.
Movie offers, or yeah, the whole thing.
But now look at I I didn't think anybody knew this.
I thought I had a scoop here.
Uh never mind.
I'll bet I'll bet you didn't know this.
Her boyfriend.
Uh Rafael Sorecito.
You know that too?
Well, heck.
What am I doing here?
I'm a I thought I'm on the cutting edge here.
He was um being free and convicted of murder, too, but he's being freed, but he's not cute.
So you have to you have to really dig deep down into any article to find out anything about him.
I didn't know about this till yesterday.
I'm asked.
I know I obviously I don't read everything.
Where do you have to read to find out about this?
I I mean uh and I I don't watch cable news that much anymore because I just don't, it's it's I know everything before it's reported there.
Well, I I'm telling you, I don't read a lot of splash websites like I don't read AOL, I don't read MSN, I don't, I don't I don't Facebook, Google tweet, I don't, so I don't I didn't know till yesterday this is such a big deal.
And I I was asking myself, okay, what's wrong with me?
And then I quickly said nothing.
Not my fault I didn't know about this.
This is not something I wanted to uh spend my time knowing about anybody.
It didn't make me wonder where in the hell I've been to uh to not know that it it I tell you it happened uh what I did happen to hear was uh part of the Italian prosecutor's opening statement about her um mainly because now this was impossible to avoid because it was on every channel yesterday.
He called her a sex maniac.
And remember now this is in Italy, where they say, what's wrong with that?
So it's no wonder she was set a conviction overturned.
Sex maniac Italy?
Yeah.
You got a problem with that?
Not here.
ESPN.
Well The uh defense compared her to Jessica Jessica.
Jessica Jessica Rabbit.
I don't know who that is.
Who's Jessica Rabbit?
Who framed what's who's Roger Rabbit?
What is who what is?
Well, that's yeah, that's why I'm saying I know she vo she is voluptuous.
That's exactly why she had the conviction overturned.
The prosecutor blew it by calling her a sex maniac.
And in Italy they say, what's wrong with that?
So conviction overturned.
Let's move on.
Shall we?
Happy to have you along.
El Rushbo here behind the golden EIB micro.
By the way, Starbucks, get this.
Starbucks is going to start accepting donations to help the economy, according to the AP.
Starting on November 1st, Starbucks will begin collecting donations of $5 or more from customers to stimulate U.S. job growth through its jobs for USA program.
I kid you not, you're going to go into a Starbucks starting November 1st.
They're going to have an opportunity for you to give them five additional dollars for whatever you order for a job creation program.
Now this is from a guy who what's the name of the Howard Schultz, is that the name of the Starbucks guy?
Howard Schultz.
Okay, so does this guy, I mean, here he is, is the he's the founder, proprietor, owner, CEO, whatever, of Starbucks.
Is this how he started the company with $5 donations?
You would think this guy knows how jobs are created because he's done it.
So obviously it's a PR move.
Five dollars for job creation when you go to Starbucks, the best thing he could do is turn off all the electrical outlets and get all the slackers in there out of the store.
People in there sitting there drinking one cup of coffee every ten hours while they worry about what's on their computer.
Get them out of Starbucks and get them over to the employment office.
Five bucks, why not just send the money to Obama?
Why worry about this uh Obama knows how to create jobs?
Obama's out there.
By the way, I know that you're not worse, you're you're you're worse off than you were four years ago.
I know you're not better off.
We're gonna play an audio sound by today where he said if that was the case, he's finished.
He's a one-termer.
He uh he knew it.
Okay, I guess it's it's ladies and gentlemen, it's official now.
All public references to Adolf Hitler are banned.
Unless you compare Hitler to Republicans or Tea Party supporters.
You can do that.
But if you compare Hitler to Democrats, you are finished.
As is the case with Hank Williams Jr.
I'll tell you where Hank blew it.
The analogy didn't fly because Hitler never played golf.
Hitler was a bowler.
Did you know that?
Hitler was a bowler.
He had a secret bowling alley in the bunker.
And the reason he kept it secret was I kid you not.
He didn't want to be pestered for endorsements.
I kid you not.
So I'm not making it up.
The beer endorsements, uh, bowling did, yeah, he did bowling ball, bowling shoe, bowling equipment endorsements.
He kept it quiet that he bowled.
But he uh he never he never played golf.
States, get this one, folks, states that borrowed billions from the federal government to keep unemployment benefits flowing through the recession.
This is the 99ers.
This is the extended unemployment benefits.
When do you hear this?
States that borrowed billions of dollars from the federal government to keep unemployment benefits flowing through the recession now have to start paying those loans back.
And you know what they're doing, you know how they're doing it?
They are hitting businesses with new assessments and higher taxes to make that happen.
In all, twenty seven states owe the federal government nearly 38 billion dollars.
The feds mandated extended unemployment benefits.
The states went out and borrowed the money from the feds in order to pay the unemployment compensation extension.
And now they gotta start paying those loan backs a total of $38 billion owed by 27 states.
The first interest payment on those loans was due Friday and totaled about 1.1 billion dollars.
So the state estates don't have the money because nobody has any.
A couple of states have the money.
Virginia has some money, Texas has the money.
But there aren't a whole lot of states that have any money.
And what's happening is so the states are not going to raise taxes on businesses while Obama's out there.
Get my jobs bill passed.
Well, Eric Cantor, by the way, made it official, confirmed what I trusted a loyal host and telling you from the get-go, that bill is dead.
The Obama jobs bill is dead as a package.
It's going nowhere.
It's dead in the House.
It's dead in the Senate.
It was never intended to be anything other than dead on arrival.
It's nothing more than the campaign prop.
It's the 2011 version of the Greek columns at the Democrat National Convention in Denver in 2008.
Now back to this unemployment extension.
Bills are coming due now.
Joe Olivo, the owner of Perfect Printing in Morristown, New Jersey, 45 employees, just outside Philadelphia, estimates that he'll pay an additional $24,000 this year in unemployment insurance taxes.
He's also dealing with higher expenses elsewhere, mainly for his employees' health care.
Whoa!
Healthcare Shazam.
So Obamacare drove those costs up way sky high through the roof.
Obama's unemployment extensions drove the cost of the state sky high.
So they're now in debt to the tune of $38 billion, the first interest payment of $1 billion due Friday.
They got to start raising taxes on businesses while Obama's out there saying, Yep, I know you're not better than you were.
Eric Holder, CBS, and the LA Times have caught him in an apparent lie regarding when he knew what was going on about Fast and Furious.
Both the LA Times and the AP have stories that uh indicate pretty much what we all thought, folks.
The purpose of this program was a back doorway to gin up negative public opinion on the second amendment and for gun control, and apparently Holder was well aware of it while he told people he didn't know anything about it.
Meanwhile, Joe Bitemy was on our affiliate on the radio in Tampa.
And somehow the subject of Van Jones came up, and Biden said, Who is that?
Biden said he had no idea who Van Jones is.
So Van Jones, who is he?
For your administration.
And Biden said, oh, really?
Biden didn't know.
Still doesn't know who Van Jones was.
Anyway, we've we've got a rich target-rich environment here today, folks, on the Excellence and Broadcasting Network.
We'll take a brief time out here, our first obscene profit break of the day, and resume shortly, before you know it.
Hi, welcome back.
Rush Limbaugh having more fun than a human being should be allowed to have.
I think that we were the first here at the EIB network to tie Dick Durbin to the new fee that banks are charging the $5 fee to use your debit card.
I think we were the first to tie Durban to that.
When the story was originally reported that there's a new fee from Bank of America, $5 use your debit card.
You know, people just have the standard reaction, yeah, dirty, rotten, evil, greedy banks.
And I pointed out that it was all because of the Dodd-Frank financial regulatory reform bill and an amendment added to it by Dick Durbin.
Now, we have a political politico story today.
Dick Durbin urges customers to leave Bank of America.
I want you to stop and think about this for a second.
This is the Senate majority whip, and he went To the floor of the United States Senate yesterday and made a speech urging citizens who are customers of Bank of America to leave the bank.
Now, is this the role of United States Senators?
Is this the role of anybody in government to stand up in their official capacity and to tell you where and where you should not conduct business?
Of course it's not.
Who the hell does he think he is?
This is not the proper role of government to tell you what bank to use.
Especially what's going on here as a giant CYA.
Durbin knows that this is all happening because of him.
And the politico is reporting that.
Angry about Bank of America's new $5 monthly fee for using your debit card, Dick Durbin has some advice for you.
Take your money elsewhere.
Bank of America customers, vote with your feet, Durbin said in the Senate floor speech yesterday.
Get the heck out of that bank.
Find yourself a bank or credit union that won't gouge you $5 a month and still will give you a debit card that you can use every single day.
What Bank of America has done is an outrage.
Well, what did Bank of America do?
They announced last week that they're going to soon start charging most of their customers $5 a month for using their debit card, which is a move intended to recoup the revenue.
This is the political reporting myth.
A move intended to recoup the revenue that the bank will lose under new federal regulations that went into effect October 1st.
Those rules authored by Durbin capped the amount of swipe fees which banks can charge retailers for processing debit cards.
So where to begin with all of this?
The so-called Durban Amendment, which was tacked onto the already despicable Dodd Frank bill at the last minute, is what has caused these fees to increase in the first place.
And we're back again to the same old thing, dynamic versus static scoring.
These central planners, these people who want to put their nose in your tent, run your life and every business's life, believe that when they issue a dictate, when they issue a new law that people are just going to sit there and basically bend over and grab the ankles and take the pain.
How many times has this kind of thing happened?
These people ought to understand that when a new regulation that raises costs is imposed on a business, they're going to find a way to recoup it.
It's the only responsible thing for a business to do.
It's only dunderheaded liberals who expect the enemies of the state to willingly and happily just sit there, take it, and go out of business.
And I mean it.
Dick Durbin, the left, Bank of America, most American corporations and most American industries are indeed enemies of the state.
You take a look at the Democrat Party enemies list and you'll see what I'm talking about.
Thank you.
Who the hell does Dick Durbin think he is?
A floor speech of the United States Senate telling Bank of America customers to scram.
He's the one responsible for this $5 fee on debit cards.
His stupid amendment.
He wanted to score big points with consumers by punishing the bank, sitting there thinking the bank's going to sit there and eat these new charges that are costed or that they're imposed upon them by the statist government.
And when that doesn't happen, these guys got all offended like they've somehow been personally ignored.
But Dick Durbin, the Durbin Amendment was tacked on to the already stupid Dodd-Frank bill at the last minute, and that's what caused these fees to increase in the first place.
So if you object to this new $5 fee, your real target should be to send Dick Durbin home.
Your real target should be Dick Durbin.
You live in Illinois, Dick Durbin deserves to be defeated.
He is the problem here, not Bank of America or any other bank.
And maybe Durbin just competing with Chuck Yusche.
Schumer by trying to destroy another bank.
Schumer did this, as you'll recall when he caused a run on the IndyMac bank in California, and thereby started a panic that probably started the financial collapse that led to the Great Recession.
So I just I think this is just way over the top is another great illustration of who Democrats are, how they want to literally run every aspect of your life, telling you, trying to trying to create a run on Bank of America.
Durbin is the one responsible for this.
Blissfully unaware of the unintended consequences of his actions, just downright plain old fashioned, stupid.
We'll be back.
And we're back.
Rush Limbaugh, a cutting edge of societal evolution.
In Dick Durbin lingo, don't go to the bank on this, but I just found something during the break.
It looks to me like I found pictures of the new iPhone on Apple's website called the 4S.
And it just looks exactly like the current iPhone 4.
So I went to the web address and took the S out of the address.
Just iPhone 4 and same picture, just different shadowing.
So for those of you following this, at least one of the new phones, if there is more than one, at least don't know if they're going to be more than one, but what the biggie, the 4S appears to be identical in appearance to the current.
Well, yeah, the inside's supposedly going to be different.
Yeah, yeah.
So far, uh no surprises here.
So far, no surprises.
The inside, yeah, that's where all the improvements are, the software, the guts and so forth.
At any rate, one other thing about Durban, this Bank of America business, folks?
Oh, yeah.
HR says two press conferences I've just destroyed.
Chris Christie and uh and now Apple's.
Well, that's exactly right.
I want the audience to stay here.
If I can find out what Apple's gonna say before they say it, there's no reason for you to go to Apple.
By the way, Apple is not live streaming their event anyway.
So you we couldn't jip it, we wouldn't anyway.
But there's there's no live streaming.
No, we would not jip it.
Have we ever jipped an Apple press conference?
We've never we've never jipped an Apple Press.
And oh, we wouldn't jip this.
I would not say a word about it.
I would just, yeah, I drink.
I would, if I would describe the new iPhone.
Yeah, I'd probably would, but they never do televise these things.
They always wait until afterward and they release a keynote video.
I mean, they stream for promote it like Wolf Blitzer would count down to the Apple iPhone event.
Anyway, just just the iPhone 4S is the same exact phone on the outside.
Same exact phone as the current iPhone 4.
Back to Durbin now.
Where is the Democrat National Convention next summer?
Charlotte, North Carolina.
Now, Charlotte, North Carolina happens to be the world headquarters of who?
Bank of America.
So here is Dick Durbin, less than a year from the Democrat National Convention, telling customers to leave Bank of America.
And Bank of America, I'm sure, is probably heavily invested in the Democrat National Convention, if for no other reason than protection money.
And I it works.
Tell me who isn't afraid of government.
Tell me who's not afraid of this regime.
I just, I really do.
I find this so illustrative, folks, so instructive of who we're dealing with.
Who are these people?
Who do they think they are?
Come up with this stupid amendment that will exclusively punish Bank of America.
Think that Bank of America will just sit There and take it.
And then when Bank of America says, you know what, we've just had our costs go up, and we have our own fiduciary responsibility to our shareholders and our bottom line, so debit card transactions now will be charged at $5 because of action taken by the Dodd-Frank bill.
The real culprit here, the reason your banking costs go, the reason your cable bills are what they are, is because members of Congress and the Senate like Durban get involved and try to tell these companies how to run themselves and come up with this legislation that's supposed to be punitive.
This was supposed to punish Bank of America.
The whole, and in fact, the whole banking industry to premise that banks do think we screw people.
And so these guys are the Robin Hoods.
They're the guys of the white knight that on a white horse.
They're going to come in, they're going to make it all better for everybody.
And then when it backfired, and it's no different.
Remember when uh when the regime signed into law Obamacare.
There were a couple, maybe three large corporate entities, I forget who they are right now, immediately said, you know, we have to take a one to two billion dollar write down our future revenues because of the law requirements in Obamacare.
Henry Nostralitis Waxman heard this and sent threatening letters to the CEOs of these corporations demanding that they round up all relevant documents and appear before his committee to explain themselves.
And it turns out that all these corporations were doing was adhering to the law.
Whenever legislation is passed, companies must apply changes in that law in that quarter, not when the law is implemented, but when it's passed and signed.
Because of that, these uh small and large corporations started taking write downs and charges that the law would now impose on them, and Waxman was totally ignorant of this.
He thought that it was a bunch of right-wing conservative business people who were trying to pull a fast one and blame Obamacare for big financial losses that were ahead for them.
And then somebody said, No, Congressman Waxman, this is the law.
You probably voted for it.
So he backed down and canceled all of this.
But that's here was a clear illustration of the regime in action.
And so is this.
So you sit there, you work at Bank of America, or you run Bank of America, and you've got a United States Senator on the floor of the Senate urging Bank of America customers to leave.
I mean, it's just over the top.
Thank you.
And it is by no means what serious United States Senators ought to be doing.
Check this, AP.
To the dismay of consumer groups and the discomfort of Democrats, President Obama wants Congress to make it easier for private debt collectors to call the cell phones of consumers who are delinquent on student loans and other billions they owe the federal government.
The change is, quote, expected to provide substantial increases in collections, particularly as an increasing share of households no longer have landlines and rely instead on cell phones, the regime wrote recently.
The little most recommendations would apply only to cases in which money is owed the government and is tucked into the mammoth $3 trillion deficit reduction plan the president submitted to Congress.
Thank you.
What $3 trillion deficit reduction plan?
There is no such thing.
There is no such thing as a three trillion dollar deficit reduction plan.
What is that?
Anyway, the bottom line is the regime, to the dismay of consumer groups and even the discomfort of Democrats.
Obama wants Congress to make it easier for private debt collectors to call the cell phones of consumers who are delinquent on student loans.
Robocalls, if you will, to your cell phone.
You know the solution for this?
You want people to start repaying their loans?
Jobs.
The reason people aren't repaying their loans is because they don't have jobs, Mr. Obama.
The reason they're not able to go out and engage in commerce and grow the economy is because they don't have jobs, Mr. Durbin.
You want people to repay their loans?
You want businesses to start hiring people?
Leave them alone.
It's that simple.
You know, who's going to break the news?
Cheers.
So these college kids that are protesting Wall Street.
They're down on Wall Street for two weeks.
They're all over the country.
They're protesting.
All these students.
You know, I've got a list of their the the demands of these uh these these lunatics.
Well, I mean, it's it's just amazing.
I just want to know who is going to tell them that Obama is going to ramp up collections on them.
They're down there saying that we ought to forgive every dollar of debt in the world.
Just retire it.
Just pretend that it doesn't exist.
We're not going to do that, obviously, but Obama has asked Congress for more power for debt collection agency to go after deadbeats like these kids hanging around Wall Street on their student loans by calling their cell phones.
Proposed list of demands for the Occupy Wall Street movement.
Demand one is restoration of the living wage.
This demand can only be met by ending free trade by reimposing trade tariffs on all imported goods entering the American market.
Demand number two, institute a universal single payer health care system.
To do this, all private insurers must be banned from the health care market, as their only effect on the health of patients is to take money away from doctors, nurses, and hospitals.
Demand number three, guaranteed living wage income regardless of employment.
Why even go to school Why care about education and why worry about employment if you're demanding a guaranteed living wage?
Demand number four, free college education.
Why?
Why do you need free college education if you're going to get a living wage and you don't have to work?
Why go to college?
Let's just ban college.
In fact, let's disband colleges.
Let's put them out of business.
Demand number five, begin a fast track process to bring the fossil fuel economy to an end.
Hey, dodo heads, that's happening.
You young skulls full of mush down there making absolute jokes of yourself.
That's already happening.
This regime is doing everything it can to put the fossil fuel industry out of business.
Demand number six.
One trillion dollars spent in infrastructure, water, sewer, rail, roads, and bridges, and electrical grid spending now.
Demand number seven, one trillion dollars in ecological restoration, planting forests, re-establishing wetlands, and the natural flow of river systems and decommissioning of all of America's nuclear power plants.
Demand eight, racial and gender equal rights amendment.
Demand nine, open borders immigration.
Anyone can travel anywhere to work and live.
Demand number ten.
Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observer system.
Demand 11.
Immediate across the board, debt forgiveness for all.
Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans, personal loans now.
All debt must be stricken from the books.
Bank to bank debt, all bonds and margin call debt in the stock market, including all derivatives or credit default swaps.
All sixty-five trillion dollars of them must be stricken from the books.
And I don't mean debt that's in default.
I mean all debt on the entire planet, period.
You like that one?
All right, let's do that.
Let's just forgive all debt.
Just wipe all debt out.
Nobody owes anybody anything anymore.
Get rid of it.
Okay.
Demand number twelve, outlaw all credit reporting agencies.
Demand 13, allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yay or nay.
Having a union represent them in collective bargaining or to form a union.
Why does this matter when nobody's gonna have to work?
Because up earlier it's a demand uh three is a guaranteed living wage regardless of employment.
So why do you even need unions?
Why do you need any gonna get rid of debt?
Why do you need any of the if you get rid of debt, you don't need to worry about all the rest of this?
These demands just this ends up.
These are the proposed list of demands for Occupy Wall Street movement.
Um posted by a guy named Lloyd Hart at Occupy Wall Street.org.
And what do you bet this thing links back to uh move America forward or or some other White House related place?
Anyway, the last line.
After all the demands.
These demands will create so many jobs, it'll be completely impossible to fill them without an open borders policy.
Look, we laugh.
Let me tell you something, though, folks.
They believe that let me tell you something.
They are being taught this.
There are adult college professors who teach this crap.
Now, where do you think these lunkheads get this stuff?
They didn't come out of the womb thinking this.
I I kid you not, they are being taught this in the deep dark crevices of academic and peer pressure and everything else.
But it's it's this is so nonsensical.
What is it, what does it matter how many jobs are created when everybody gets a living wage regardless of employment.
Of course, no, I know, I know.
Where does the money come from to give everybody?
They don't care.
Who cares?
They just they if if you just make the law that everybody gets a living wage, it's just gonna happen.
It'll just happen.
Uh, let's see, do I have Yeah, Jay in uh in Sacramento, my adopted hometown, as we grab a phone call quickly here.
Hello, sir.
Oh, Rush?
Yeah, hi.
Hey, hey, hi.
Exciting to talk to you, my friend.
Thank you very much.
I appreciate that.
Hey, uh, listening to you talk about the uh the Durban amendment this morning made me think uh you're only getting about half of the story.
The um the smaller banks of assets less than ten billion dollars haven't had any effect on their rates that they charge the merchants at all for the cart swipes.
Yeah.
So when they're when they're telling the the consumer, leave Bank of America, go to the your local banks that aren't going to charge you the fees.
Right.
That your your merchants, which is a again another damper on business, are gonna still be charged these higher rates.
And uh the you know, the whole thing, to me, it's just it's ludicrous.
It's worse than ludicrous.
I mean, it's it's it is ludicrous, it's but it's it's worse than that.
Ums, you know, the larger banks, the larger banks have more outlets throughout the country, so there's more access to the consumers.
Whereas your small local banks look like your community uh credit unions don't.
So this is not about the banks.
I I I uh don't want to be misunderstood here.
I'm not I'm not writing a brief for the banks, and I'm not trying to come defend them.
Folks, don't misunderstand me on this.
I I don't use Bank of America.
I don't know anybody there.
That's not the point here.
The point is the actions of a single U.S. Senator who made all this happen himself.
His stupid amendment is the reason this is happening.
And he knows it.
He didn't have the guts, the gonads to admit that, so he cowardly goes to the Senate for to hide behind the power of his office and start creating a run on Bank of America.
All it cover his Lily White rear end.
This is not the purpose of the United States Senate, nor the purpose of individual United States Senators.
But this is who the Democrat Party is.
This is what statism looks like.
I gotta go.
We'll be right back.
Don't go away.
Okay, we gotta take a quick time out here.
Chris Christie's announcement's coming soon, uh, but it's widely known or reported, I should say, that he's going to announce he's not running again.
The Apple iPhone 4S has been outed by a Japanese Apple website.
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