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May 24, 2012 - Rush Limbaugh Program
34:56
May 24, 2012, Thursday, Hour #3
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Time Text
I'll turn to Ditto Cam on here in just a second, folks.
I got it zoomed in real tight.
Show you.
Zoomed in real tight here because I'm going to show you a chart and a picture here in just a second.
Greetings.
Welcome back.
Great to have you, Rush Linbo, EIB Network, most listening to radio talk show ever.
And climbing.
Telephone number if you want to join us, 800-282-2882, and the email address L Rushbow at EIBNet.com.
By the way, yesterday on this program, I made a point of saying that Barack Obama is the first president modern era in all of our lifetimes, and maybe ever.
It's a toss-up by the time you throw Woodrow Wilson in there, but for the most part, Barack Obama, the first president to ever run for election, to run for office running against capitalism.
Mitt Romney was asked about that on Fox and Friends this morning.
And I will have the answer coming up for you in mere moments.
Let me turn the Ditto Cam on.
This is the chart.
This is the Pelosi chart.
Who increased the debt?
And this chart is sourced to the Treasury Department and the Office of the Democrat leader May 19th of 2011.
Now you can see, well, maybe you can't.
Reagan, according to Pelosi's the big spender, 189% is how much his debt increase was.
Next was George W. Bush at 86%, followed by George H. W. Bush at 55%.
The two smallest spending presidents, or the two presidents added the least to the debt were Clinton and Obama.
37, 35%.
That's from Pelosi's chart.
And I'm convinced that this is where this nutting guy at Market Watch was first turned on to this concept.
I guess it's where he got it, and he built off of this thinking he had a scoop.
Now, while I've got you, while I got the camera zoomed in, I talked about a picture of Bill Clinton with Gwyneth Paltrow.
He's got these weird marks on his face, like he got sunburned wearing a mask.
And he's also got like a well, uh what do you a cold sore on the lip?
So here is that picture.
You see that you see the stuff on Clinton's leg, he's wearing a mask and went into a tanning booth.
Or was on the beach or so.
What else could explain that?
And then he gets his picture taken as one of his fundraisers, and there no makeup.
Now you can all have fun speculating exactly what that was all about.
Finally, on all of this spending business, I want to read to you a little paragraph here from Jim Pathacoukas, who is among the many who have tackled with numbers and analysis, the claim by Rex Nutting that all of this Obama spending is really Bush's.
Pathacook has pointed out if Obama wins another term in office, spending according to his own budget would never drop below 22.3% of GDP.
If that forecast is right, spending during Obama's eight years in office would average 23.6% of GDP.
That averages higher than in any single previous non-war year in American history.
Until Obama took office in 2009, the United States had never spent more than 23.5% of GDP, with the exception of World War II years, 1942 through 1946.
So the facts undercut Rex nutting every which way possible.
It simply isn't possible to say accurately that Obama is not a big spinner.
In fact, this this is this is the nutting story, the way it opens.
And just the way this is written is what made me Think that something's not right here about this.
And I always trust my instincts.
Let me read this to you.
Of all the falsehoods about President Barack Obama, the biggest whopper is the one about his reckless spending spree.
Of all the falsehoods about Barack.
Okay, so everybody's lying about Obama.
And of all the lies people are telling about Obama, the biggest one is his reckless spending spree.
As would be President Mitt Romney says, it will lead I will lead us out of this debt and spending inferno.
Almost everybody believes that Obama has presided over a massive increase in federal spending, an inferno of spending that threatens our jobs, our businesses, our children's future.
Even Democrats seem to think it's true.
Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace, slower than at any time in 60 years.
That's the premise.
Well, yeah, you get to 1.4.
If you don't count any of Obama's spending in 2009, if you're only going to count two of Obama's three years and then play some other games, you might get, but then again, what Nutter does not address here, in addition to misappropriating spending to Bush rather than Obama, is the levels of spending.
Okay, 1.4% annualized pace, 1.4% above what?
We already have more debt added during the three years of Obama than all the previous presidents combined.
Indisputable, undeniable.
The market watch piece is it it really is a is a joke.
Now to the audio sound bites.
Fox News, Gretchen Carlson.
I'm not sure about this.
They had Romney on yesterday on this program.
I said that as far as I'm concerned, Obama's the first president running for re-election against capitalism.
So they had Romney on today, and they asked him about that.
Now, if I'm I were at cable news, I asked this question hoping that Romney disagrees with Rush Limbaugh.
If Romney disagrees with Rush Limbaugh, then I've got a story.
I've got a I've got the Republican presidential nominee, presumptive nominee, disagreeing with limbaugh.
And I've got news.
I'm going to have this clip played all day long on all the other cable channels.
Now, that could be wrong.
No, no.
Now there are friends at Fox and Friends.
Don't misunderstand.
But business is business.
Gretchen Carlson said, would you go as far as Rush Limbaugh did yesterday?
That's why I thought, okay, she kind of wouldn't be disappointed here if Romney wouldn't go as far as I did, right?
Would you go as far as Rush Limbaugh did yesterday, saying that this is the first president in modern times who is going to run a campaign against capitalism?
Well, it certainly sounds like that's what he's doing.
There's no question but that he's attacking capitalism, in part I think because he doesn't understand how the free economy works.
He's never had a job in the free economy, either has Vice President Biden.
They spent their lives as uh either community organizers or as uh members of the uh political class, and the American people understand that the free economy and free enterprise is tough, it's hard work.
And when they hear that a business like Bang Capital was successful 80% of the time, and 5% of its investments only went bankrupt, they say, you know, that's a pretty good record.
And if all the president wants to do is talk about the failures, why he's misrepresenting the nature of free enterprise.
So Romney takes that and runs with it.
It was nice.
That was a great answer, and he accepts the premise that Obama is running against capitalism.
It was a nice setup, and he took it.
What we've done here, we put together a montage of Obama's history of attacking capitalism from September of 2008 all the way through the present day.
I did not run for office to be helping out a Bunch of fat cat bankers on Wall Street.
You can't get corporate jets.
You can't go take a trip to Las Vegas.
I do think at a certain point you've made enough money.
If somebody wants to build a coal power plant, they can.
It will bankrupt them.
The insurance industry is making this last ditch effort to stop reform, even as costs continue to rise and our health care dollars continue to be poured into their profits.
Cost cutting has become embedded in their operations and in their culture.
That may result in good profits, but it's not translating into hiring.
Speculators can reap millions while millions of American families get the short end of the stick.
If that same diabetic ends up getting their foot amputated, that's 30,000, 40, 50,000 immediately.
The surgeon is reimbursed.
The market will take care of everything.
Here's the problem.
It doesn't work.
It has never worked.
White folks' greed runs a world in need.
In this country, broad-based prosperity has never trickled down from the success of a wealthy few.
Those are just some examples that we found off the top of our heads.
Just the last two weeks alone, Obama's been on a tear about capitalism.
Capitalism.
But he started with his speech in Osawatomi, Kansas this year.
Capitalism doesn't work.
America doesn't work.
It has never worked.
Why play it again?
There's so much in there.
Okay, we'll play it again.
Snerdley wants to hear it again.
Here it is again.
It's about 58 seconds.
It's uh it's about a minute.
And uh this is a series of statements from Obama, which individually and cumulatively all add up to a guy who is unquestioningly anti-capitalist, and now he's running for re-election on that basis, running against capitalism.
Now the stuff at the end is the most pointed and direct, but every one of these little excerpts has an anti-capitalist hatred, dislike, resentment, foundation, whatever you want to call it.
I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.
You can't get corporate jets.
You can't go take a trip to Las Vegas.
I do think at a certain point you've made enough money.
If somebody wants to build a coal power plant, they can.
It will bankrupt them.
The insurance industry is making this last ditch effort to stop reform.
Even as costs continue to rise and our health care dollars continue to be poured into their profits, cost cutting has become embedded in their operations and in their culture.
That may result in good profits, but it's not translating into hiring.
Speculators can reap millions while millions of American families get the short end of the stick.
If that same diabetic ends up getting their foot amputated, that's 30,000, 40,000, 50,000.
Immediately the surgeon is reimbursed.
The market will take care of everything.
Here's the problem.
It doesn't work.
It has never worked.
White folks' greed runs a world in need.
In this country, broad-based prosperity has never trickled down from the success of a wealthy few.
The market will take care of everything.
Here's the problem.
It doesn't work.
It has never worked.
What more do you need?
What more do you need than that?
Now, the white folks' greed runs a world in need.
That was not stated as president.
That's from his book, the audio version of one of his books, that's in 2006.
But I thought it important to point out.
Now let's move on to Diane Sawyer of Recycling Fame.
Uh, World News Tonight, this is how she opened the broadcast.
On World News Tonight, the Facebook Fury.
Lawsuits and investigations unleashed against Mark Zuckerberg and his company.
Does the Facebook sale prove ordinary people?
Can't get a fair break on Wall Street.
If you have any doubt about the synergy between state controlled media and the regime, you shouldn't.
You know, Zuckerberg, this poor guy, he's got to be sitting out there wondering what the hell.
Obama wants to have dinner with me, I have dinner with him.
Steve Jobs was there.
Obama did a town hall on Facebook.
Obama's made it out like Facebook's one of the greatest things in the world.
Now he's coming after me.
And his news minions are coming after me.
They're going after Morgan Stanley.
The SEC Senate banking committee.
Everybody lining up now.
They're going after everybody.
This Facebook IPO, I'm gonna tell you something.
This thing was weird from the start.
Thirty minutes and they can't tell anybody whether their trades were executed because of so-called glitch.
If I didn't know better, I mean if you are running for reelection against Wall Street and how unfair it is, and only the insiders score well, what better thing could happen to you than for this Facebook thing to happen?
So the Diane Sawyer gets to start World News tonight with a story.
Does the Facebook sale prove ordinary people can't get a fair break on Wall Street?
Thirty minutes.
NASDAQ could not tell anybody what was happening.
You didn't know if your order to buy or sell had been executed.
You didn't know at what price.
After the fact, NASDAQ says, you know, if we'd have known all this, we'd have would have canceled the whole thing, we'd have would have stopped it.
Zuckerberg and the boys, in all of their pre-IPO filings, were very honest.
They didn't hide anything from anybody.
They admitted that their mobile platform advertising sales were not working.
They admitted that there might be a little bit of overvaluation going on, and then after that, the underwriters either didn't tell everybody or only told a select few, but the Facebook people, as far as I know, and I have no brief for them.
I mean, I'm, you know, our Rush Babe's page does well, and our page does well.
We but did this thing not just fall into Obama's lap.
And a dirty little secret is Obama's scoring more money out of Wall Street and Romney is.
Private equity money, Obama's the king of private equity money in terms of campaign contributions.
Here's Obama.
This is uh last night in Denver.
He's at a campaign event.
The news stories about this, by the way, are not good.
He was overwrought.
He was tired.
It had been a long day.
By the time Obama took the stage in Denver, it was 1 15 a.m. Eastern time.
In fact, he went someplace to do a campaign appearance, and they preceded his appearance with a 17-minute video.
And the video ended, and that was the cue for Obama to hit the stage to roaring applause.
Problem is a hundred and fifty people short of capacity showed up.
They scheduled this disappearance someplace where capacity 700 people.
Didn't even fill up a 700-seat arena or whatever venue.
And then the video ended and Obama didn't show.
So the crowd had to get into it and start trying to keep each other up, beat, positive, and so forth.
He finally shows up.
And then they said his speech was very flat.
It was essentially the same speech he had given earlier in the day somewhere.
And excuse me, he's so tired.
So warning.
Got up so early.
Air Force Academy graduation commencement, three fundraisers.
How many times have I gotten back from something at three o'clock in the morning, and I've shown up here, and I've not used fatigue as an excuse, only as a warning.
But not as an excuse.
Anyway, here's Obama last night in Denver campaign event, saying that the election's going to be close because of foolishness.
I don't know how they've been bamboozling folks into thinking that they are the responsible fiscally disciplined party.
They run up these wild debts.
And then when we take over, we got to clean it up.
This election will be closer than the last one.
People don't remember the last election was close.
We're going to have to contend with even more negative ads.
Even more cynicism and nastiness and just plain foolishness.
Yeah.
That's really tough.
We feel sorry for it.
Really tough.
It's just.
The way I look at things.
It always helps to do this.
The SEC and the Senate banking committee.
The House hasn't said yet what they're going to do here.
House is Republicans, the Senate led by Democrats.
SEC is the regime, Obama.
Why are the SEC, Senate Banking Committee investigating a private firm, Morgan Stanley, used its own money to invest in a thriving company, Facebook.
Obama uses billions of taxpayer dollars to invest in and then bail out Cylindra and other failing green energy companies, which were run by his political donors, and nobody's investigating anything.
Morgan Stanley, its own money, its investors' own money into Facebook, a private company that was going public, but Obama, Democrats can misappropriate, exapropriate, engage in crony capitalism, can take federal taxpayer dollars and throw it down an endless tube called Green Energy.
There's no business there.
These places get low interest loans or have the money for given.
Some of it comes back, some are previous donors to Obama getting paid back, others are getting money to give back to Obama.
All these industries are bankrupt.
There was never any business there.
Cylindra is solar panels, green energy, wind, all this stuff.
None of that ever is investigated.
Last time I checked, nobody was killed because of Morgan Stanley's involvement in Facebook's IPO, which puts them one up on Obama and Eric Holder and their investment in Fast and Furious.
That's a federal investment.
And an agent died.
There's a missing sense of proportion in all this.
What is this?
This is new for the political breaking news, I guess.
We have the New Jersey mayor Felix Rook or Roke, R O Q U E, I'm not sure how he pronounces it.
Hacked a website.
New Jersey mayor and his son were arrested today by the FBI for allegedly hacking into an email account and a website tied to a recall effort and then intimidating those associated with it.
Felix Roque 55, Democrat mayor, West New York, New Jersey, and his son Joseph 22 are alleged to have accessed and canceled the domain registration for recallroke.com.
That's how Democrats handle recalls.
You know how Republicans do it?
Scott Walker is kicking butt in Wisconsin.
What are the numbers?
Here it is.
Breitbart has received an exclusive first look at a poll to be released, I guess it's going to be released today by Reason magazine.
The reason Rupe poll conducted May 14th through 18 shows that Walker is now up over the Democrat Tom Barrett in the gubernatorial recall of Wisconsin by eight points 50 to 42.
The Milwaukee newspaper, Journal Sentinel, endorsed Walker.
That's right.
The problem for the Democrats is that no teachers have lost their jobs, employment is up, government spending is down.
Everything Walker said was going to happen because of his reforms has happened.
The Democrat National Committee has decided they're not giving any money to the unions.
And now what's happened?
There's a political story here by Robin Bravender.
And this is a fuming story.
Headline has recall election made Scott Walker a Republican hero.
Democrats leapt at the chance to use Scott Walker to send a message to all a budget-cutting union busting conservatives across the land.
You mess with big labor.
There's going to be a heavy price to pay.
But if you shoot at the king, you better not miss.
And with Walker suddenly looking as if he might survive the recall, it appears he's only been grazed, looking as if he might survive the recon with an eight-point lead, the election on June 5th.
Now, if you read this whole story, What you find out the politicos mad at is that Walker's success might turn Wisconsin to Romney.
That's what they're ticked off about.
You can almost see the smoke coming out of this infobabe's ears that wrote this piece.
The stupid Democrats and their union thugs not only failed, this is this is the tone of the story, not me saying the tone of the story is these idiot Democrats and their union thugs not only failed to take out Scott Walker, they've made Walker a hero.
That means it's possible for Romney to win Wisconsin, and that's going to be the real crime.
a real crime as far as the politico is concerned in the drive-bys.
It's one thing to botch the Walker recall, but if you do it in such a way that the state goes for Romney, Oh my God, how could you have screwed it up any worse?
And that's what they're ticked off about.
Okay, Bill in Pittsburgh, another one from the Berg.
Welcome.
Great to have you on the EIB network.
Hello.
Hey, great talking today, Rush.
Great program.
Second time caller here.
Thank you, sir.
I got an example of a man-made fairness proving that it absolutely doesn't work.
And that proof is the National Football League.
You got 32 teams, everybody's got money, everybody's got access to the same players, same coaches, same everything, and they share, they have revenue sharing, and yet 25% of the teams have won 69.5% 5-7% of the Super Bowls.
And therefore your conclusion is that fairness is elusive.
It's impossible to legislate it.
What would your what what would fairness be if it were applied to the National Football League?
The Pittsburgh Steelers wouldn't have six Super Bowl trophies.
Well every team would have the same number of Super Bowl trophies.
Sure, sure.
You have 32 teams divided into the number of Super Bowls, and that would give you an average per team, and that would be fair.
And they would all have a quarterback that's as good as everybody else's quarterback, or certainly no better.
But the teams have access to the same players, the same coaches, the same, and they all have money, so you can't.
I mean, it's just some people are winners and some people aren't.
Well, yeah, but you're overlooking something.
I mean, if you really want to get down to nitty-gritty of the way Obama and the Democrats look at it, you you can't have, and there will never be fairness in the NFL if there are no women or transgenders playing.
Until that happens, all the rest is academic.
Well, I hadn't taken the Well, that's why I asked you.
What is fairness in the NFL?
I mean, say fairness is a moving target.
But it works politically, you say you want fairness.
Obama's wrong.
But he's not making sure everybody has a fair shake.
He's out trying to penalize the achievers.
He's out trying to punish those who do well.
Well, that's right.
That's fair.
Uh they've unfair advantage.
They've done better than everybody else.
And so, uh, but penalize it fair.
Depends on how you define them fair.
And then when you start talking about some of their lunatic voters, that sounds fair to them.
Punish the people who've unfairly done well so many years.
It's not fair that they should have more than anybody else.
Not fair.
See, this is what Victor Davis Hansen was writing about.
It's not fair Exxon Mobile should be so big.
It's great that Apple's bigger than Exxon Mobil, but it's not fair that ExxonMobil is as big as it is.
Well, what's the difference?
ExxonMobil makes sure we've got gasoline and other energy products.
Apple satisfies our gizmo technological needs.
One's hated, one's reviled, the other practically godlike status.
Why?
Why the difference?
Why do we are we told we are to hate the people who put gasoline in our tanks, and we are supposed to treat as as gods those who make our telephones and computers.
Why?
Why is it perfectly I don't want to rehash the whole Victor Davis Hanson piece, But it it it's all about liberalism, and that defines who's cool.
And that defines who gets uh uh held to certain standards and who doesn't.
That's it.
That's that's why so many rich guys run around and why so many actors.
Let me tell you something.
You with actors, we're also talking about severe intellectual limitations, but at the same time, they know full well that making 20, 30 million dollars a movie.
I mean, it would be really better if people lionized you rather than hated you for it.
So how do you do it?
Well, their lives are lived in the media.
The entertainment media, if the entertainment media loves them, they've that's all that matters.
Everything else, they got great cover stories, they've got great photos, you got everything.
The media loves them.
So how do you make the leap?
Media love you.
You have to be liberal.
You have to say the right thing.
And if you do, you're cool.
You're hip.
And there it doesn't matter how much you make, and it doesn't matter how you live your life.
It doesn't matter anything as long as you are liberal.
It's very seductive.
I know prominent conservative media people who have been offered in their lives, not recently, who've been offered hundreds of millions of dollars to take their talents to the liberal side of the aisle.
And it was very tempting.
It was very tempting.
But these people that I refer to just didn't want to compromise their principles.
But they um nevertheless were approached.
I have not been, in case you're thinking or wondering, I have not been so approached.
Not one liberal group has ever come to me and say, you know, we can make you ten times bigger than you are if you just join us.
It's never happened to me.
It has happened to conservative executives.
I don't uh not none of their hosts.
Certain other executives, and they've all resisted it.
But it can be seductive, I would imagine.
Back after this.
Here are the details from life news.com.
Where are all of those cures that we were supposed to have after the Fed started funding embryonic stem cell research in 2006?
Remember John Edwards said that Christopher Reeve would be walking today if the Republicans back when he said that whatever, 2004.
John Edwards, Christopher Reeve will be welcome tonight.
We had Senate campaigns run on this very premise.
Stem cell research, embryonic stem cell research had held the cure for Parkinson's and Alzheimer's.
They had Michael J. Fox out doing the commercials.
LifeNews.com, Michael J. Fox, one of the leading campaigners for embryonic stem cell research, aggressively pushed to force taxpayers to pay for embryonic stem cell research, opposed pro-life limits on it, even attended a State of the Union addressed by President Bush in order to flaunt his position.
Now with embryonic stem cells, nowhere closer to yielding any beneficial results for patients.
Fox, Michael J. Fox admitting embryonic stem cell research isn't all he claimed it was cracked up to be.
In a new interview with Diane Sawyer, ABC News, Michael J. Fox said there have been problems along the way to a supposed therapy for Parkinson's from embryonic stem cells said new drug therapies are showing real promise and are closer today to providing a cure.
There is nothing there.
A giant C I told you so.
Back in the middle of this, this is probably one of the reasons Claire McCaskill's in The Senate.
And one of the reasons that Michael Steele lost his Senate race in Maryland is because this whole phony embryonic stem cell debate.
Remember the grief I took, Michael J. Fox entered the political arena by doing commercials for this.
And I was critical, and you can't be critical.
It's not nice to be critical of somebody suffering this disease.
Well, well, wait a minute now.
Once you enter the political arena, you don't you're not inoculated from criticism.
That was my point.
But of course, Michael J. Fox was in that was the whole reason for using him, so he couldn't be criticized.
And I didn't get the memo.
Well, I got the memo.
I just uh I just ignored it.
Here is Jeremy, Columbus, Ohio.
Great to have you on the EIB network.
Hello.
Russ.
Pleasure speaking with you, sir.
You bet, sir.
Hey, two things quickly.
Yeah.
One, uh, it'd be great if you made the EIB logo to iPads available on the EIB store.
And uh second, um with uh Obama referring to President Bush as irresponsible for three trillion in debt in eight years.
It's it's just it's kind of funny to me that um, you know, before the beginning of the fiscal year of his first term in office, he spent around a trillion dollars, if my math adds up correctly.
Uh uh beginning of the first term of office.
Yeah, Obama's we've we've calculated it.
1.4 trillion dollars.
Yeah, but wasn't it nearly a trillion before the beginning of the fiscal year of his first term in office?
Well, he are you talking about the fact that he says he inherited a one trillion dollar deficit?
Yes.
Yeah, he's claiming he inherited a one trillion dollar deficit, but then he says in his campaign speeches now that he has reduced spending by two trillion.
He said, I've cut spending two trillion, I inherited a one trillion dollar deficit.
But the bottom line, you're you're what you're saying is is true.
Obama has spent more in three years than Bush did in eight.
There's it's it's it's not arguable.
As to the EIB logo on the iPad, I mean, well, I guess we could make some stickers, but that's not what we do.
We send these away to have them engraved.
The logo and the rush signature are actually engraved on the back of the iPad.
Uh and making that uh that's believe me, trust me.
Uh I don't think because of cost that it would be a huge seller.
Plus, we're not allowed to sell iPads anyway.
That's what it's we can't do.
Yeah, yeah.
Michael Fox was asked about me in this uh embryonic stem cell story.
He was asked about earlier criticism he'd received from me.
And Michael J. Fox said, it only sharpens your resolve.
So he basically saying I make people better.
Which we all know to be the case.
And we see you on open line Friday tomorrow.
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