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May 25, 2012 - Rush Limbaugh Program
36:48
May 25, 2012, Friday, Hour #2
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Happy to have you along, folks.
It is Friday on the Excellence in Broadcasting Network.
Yes, sir, live from the Southern Command in sunny South Florida.
It's open live Friday.
And if we get to the phones, you get to know when we get to the phones.
You get to determine what it is we talk about.
We got a full boat.
We're going to get to the phones il quicko.
It's a couple other things to do here before we get there.
Telephone number if you want to be on the program 800-282-2882.
The email address illrushbow at eibnet.com.
You know, whether it's during the next 10 years or 20 years, we, the United States, are going to be the world's leading supplier of carbon-based energy.
Whether Obama knows it or not, this is a reality Obama cannot escape.
I am always going to bet on my country instead of betting on somebody who doesn't like it, who wants to shut it down.
And I hate to say it's Obama, but there's no doubt, and there can be no doubt, Obama is running for reelection against capitalism.
There are people who say in the business, the energy business, that we're going to be the Saudi Arabia of energy.
And I think they underestimate the profundity of this reality.
We're going to have an oil boom.
We're going to have a gas boom.
Fracking is going to lead the way.
We have more oil that is retrievable than is beneath the ground in Saudi Arabia.
And this country has people are going to go get it.
We're in the process of getting it now.
In North Dakota, there is a boom.
Obama may try to shut this down.
The left may try to shut this down.
The left is not going to succeed.
The entrepreneurs, the producers are going to triumph at some point over whatever obstacles are thrown in their way.
It's always been the story of this country.
It's always been the unique story.
It's always been the history of this country.
And it's going to happen.
And when it happens, it's going to be an energy boom.
And an energy boom is going to lead to a jobs boom.
And that's going to lead to a real estate boom.
And that's going to lead to a travel boom.
In short, it's going to lead to an everything boom.
Now, that's great news for us.
It's not great news for Obama.
This stuff is going to happen despite him.
It may not happen till he's gone.
I don't know what's going to happen in 2012.
I mean, I sit here and tell you that I think we're looking at a potential landslide.
And I mean that, but anything between now and then can change.
So I'm not predicting it, just telling you my gut today.
And I think if more people would be honest with you, they would tell you the same thing.
Now, not the people who analyze this state by state, looking at polling state by state, then construct their electoral vote map.
They're not going to ever tell you that.
But I don't look at that.
That's not the gut.
That's polling data and that's standard political formula.
And that's, I don't know about standard political formula.
And I don't want to be involved in standard political formula.
What I know is the people of this country is the people of this country for whom I have empathy.
And I know, I see it now.
The anger, the frustration, and the energy that is building to overcome the obstacle that is Barack Obama and the modern-day Democrat Party.
And I don't know when it's going to happen, but it will happen.
These obstacles will be overcome.
Greatness of this country will triumph once again.
It is going to happen.
And when it does, the real history of these years of Obama will be written as abject failure and disaster.
I am here to tell you that no matter what happens in 2012, Barack Obama is going to be looked back on not for everything he did to encourage America's greatness in rebound.
Obama is going to be looked back on for everything he did to discourage it.
Obama has delayed, impeded, blocked, and said no to virtually every carbon energy project from drilling in the Gulf to exploration on federal lands to pipelines to and war to delaying hydraulic fracking to every bit of progress in the carbon-based energy world.
Barack Obama is a giant roadblock.
He's delayed, impeded, blocked, and said no to everything.
He has said no to American progress.
He has said no to a jobs boom.
He has said no to getting rid of dependence on foreign sources of energy.
And as we sit here today in the Memorial Day weekend, I'm here to tell you, May 25th, 2012, history is going to look back on this period and this president with wonder.
People in the future are going to look back at this time.
And they're going to ask, how did it happen?
What was going on that made the American people make this near-fatal decision, electing Barack Obama?
They're going to ask, did he really think he could hold back the tide of American ingenuity?
Did Barack Obama really believe that he could be the Berlin wall to U.S. energy independence?
Did Barack Obama really believe he could hold back the tide of American ingenuity, entrepreneurism, and greatness?
Or was he just playing politics?
Now, the sooner this happens, the better.
Obviously, but it is going to happen.
Of that, I have no doubt.
Back to the audio sound bites.
Let's move to number five.
I want to stick with Bain Capital and the private equity business.
Last night, PBS, Charlie Rose, had as his guest a guy named Donald Gogol, president chief executive officer at private equity firm Clayton Dubelier and Race.
Might be Dubelier.
I don't know how to pronounce it.
Private equity firm.
Charlie Rose said to Donald Gogol, you were a strong supporter of the president 2008.
Are you concerned about the nature of the president's rhetoric on private equity and Bain Capital and Mitt Romney?
I'm concerned that in the noise, in the tornado of politics, and unfortunately, it's become a tornado, we're going to lose what is most essential to this country, which is the ability for individuals to band together, free association, free enterprise, create businesses, and create jobs.
Okay, now here's a CEO of private equity, big Obama guy, 2008.
You hear him talk like this.
This is my question.
See, this is what frustrates me.
Why did it take this guy three years to see who Obama is?
Let's be honest, folks.
You and I know and knew who Obama was and is four years ago.
We knew who he was when he made that speech at the Democrat convention in Boston in 2004.
Why?
Because we know who liberals are.
We know what liberalism is.
We know what their intention is.
This is why I always say that if more people would simply look at politics through an ideological lens rather than a party lens, even now, probably not going to express this very well.
I wish I had printed this out, what I'm going to refer to.
I wish I had it in front of me.
It was a piece I was reading last night about presidential politics and the election.
And it spoke of Obama and his campaign as a standard, ordinary Democrat Party campaign with all of the assumptions.
And the big assumption was that Obama wants jobs created and Obama wants the country to recover from this economic downturn.
And he's got some policies he wants to.
I read this and I'm incredulous.
And by the way, and the people that write this stuff, comment on it, are in the establishment.
And they're the supposed smartest people in the room.
And even they don't get it.
Like this guy didn't get it.
Donald Gogol.
And I'm not being critical.
I don't want anybody to call Donald Gogol and tell him that Rush Limbaugh's ripping.
That's not what I'm doing.
I'm just incredulous.
This Gogol guy obviously is very smart.
He voted for Obama three years.
I could have told him that Obama would create a tornado of politics, that Obama was behind the effort to lose what's most essential to this country.
Individuals banding together, free association, free enterprise, create business, create.
I could have told him, just based on what I heard Obama say in private, we have the tape of and in public in campaign speech, I could have told him that what was going to happen has happened.
I could have predicted it for him.
He could have, too, if he would have seen Obama as a liberal and not just a Democrat or worse than a liberal.
But the good news is Mr. Gogol has seen it.
A lot of people are seeing it.
The frustrating thing is that 10 years from now, this is all going to happen and it'll all be repeated.
Some brand new liberal will come along and they'll say the same things they said about Obama.
Oh, unlike anybody we've ever seen.
Smart, smooth, educated Harvard unifier.
It'll be the same load of crap and everybody will fall for it, knowing full well what Obama was.
Just another Democrat.
This Democrat may work out.
And yet, if these people had the ability to see Obama not as a Democrat, but as a liberal, they would have never taken a chance on the guy.
Knowing full well what his attitude is about.
I don't know.
Maybe Obama's lying to these people when he's raising money from them.
I don't know.
But I have to tell you, I'm as incredulous over this as you would be if you ran into somebody that thinks two plus two is five.
You'd be incredible.
Well, that's the way I am when people don't see liberals for who they are.
That's the way I am because it's so abundantly clear to me.
I'm concerned that in the noise, a tornado of politics that we're going to lose what is most essential.
He's responding to a question about Obama's attacks on private equity, which is his business.
So here's the next bite.
Donald Gogle, CEO, private equity firm Clayton Dubelier and Rice.
Charlie Rose says, you told me in a business week interview when I asked you that you were a strong supporter of Obama, and then you had this change.
Were you now trending to supporting Governor Romney?
I believe that a number of the policies that Governor Romney is proposing are pro-growth.
We'd like to see a lot more.
It's a long time between now and the election.
I think we'll see more about the policies for job formation, about tax reform, a variety of other things.
But right now, I am disappointed that President Obama's think right now Governor Romney is better for the economy and for business than President Obama.
I do.
And you're more likely to support Governor Romney.
I am.
No, no, that's great.
Don't miss.
Now, don't misunderstand this.
This is wonderful.
I just, maybe I'm living a pipe dream.
So I don't think I'm that smart.
I think everybody would be at least as smart as I am when it comes to liberals.
I'm not kidding.
It's spotting liberals and what, well, for God's sakes, what was the great society?
What the war on?
Show me where it's ever worked.
I know the half the country's getting checks, and I know that 88 million Americans are not working, but they're eating.
And that's a statistic that worries me.
It's quite telling.
88 millions are not working, but they 88 million Americans are not working, but they're eating.
I understand this.
I understand all of it.
But I'm not, no, I want them to have more than what they're eating.
I don't want to have to have them eat food stamp potato chips and whatever, or maybe they're getting Dom Perignon.
Hell, I don't know.
I want them to be able to provide as much for themselves as they want, not have to depend on meager handouts.
But I look at the 1980s.
Everybody in the live living for the 80s knows full well what happened and yet they're able to be convinced that it was all a lie and that this is the way to go.
I'm I'm telling you I'm stupefied.
It's never worked anywhere.
Liberalism, socialism, they have to build walls to keep people in the country.
You have to have an expanding government and dictating to people what they can and can't do for these wonderful programs to work.
These are smart people that run these private equity.
Look, there are a lot of these private equity guys on the Republican side.
I know they're just as dense when it comes to ideological politics.
To them it's all Republican versus Democrat.
That's why they all supported McCain.
He's the Republican.
I tell them what my problems with it was like talking to a brick wall.
They didn't get it.
These people fall for this notion.
We've got to compromise, got to bring, hell, at this golf tournament, talking to a guy, he says, biggest problem we got, Rush, we got to make everybody Americans again.
We got to got to bring people together.
And I said, oh, crap.
Except I didn't say crap.
I said something else.
I got up and I went back to the lavatory, practically threw up.
Got to bring people together.
My ass.
We have got to defeat liberals so that guys like Mr. Gogol don't make the mistake of voting for him and learning through actual experience about his company being brought to knees that he shouldn't have.
I don't know.
To hell with it.
Folks, don't misunderstand me here.
I, of course, would love everybody come together.
I'd love unity.
I'd love everybody got along.
But this is, I live in Rielville.
It's not going to happen.
It's never happened.
It's never been the case in human history.
The country has never been unified.
Even in the days of the founding, there are people that wanted to stop it.
And after we were founded, after the Constitution was ratified, there were people who set out to undermine it.
We've never been unified.
I would love everybody to come together and understand the perils of liberalism.
Would love that.
But I know it's not going to happen.
What then needs to be done is to keep them in a permanent minority so that they're always losing elections and kept away from power.
I don't care to be unified with people who are diametrically opposed.
The kind of country we have matters to me.
It's one of the most important things.
Anyway, we got one more soundbite from Mr. Gogol, Donald Gogol, president, CEO, private equity firm.
He's just said Charlie Rose, he's supporting Romney, believes Romney much better for job creation and the economy and for business.
So what Charlie says, well, President Obama was here in New York.
He went to see some people in the very business that you're in, raise money from them.
When he comes to raise money, what does he say?
I can tell you that a number of the people surrounding the president that are trying to gain support of Wall Street, people in the financial community and the broader business community, so that's Main Street as well as Wall Street, have asked people for a little more forbearance, that we should just recognize this as typical politics and that things will settle down and we'll get a more measured approach to all of these issues.
So what Mr. Gogol is saying, that Obama's minions, look, we have to say this stuff.
We have to attack private equity.
We have to attack what you understand.
It's just politics.
When we win the election, just like he told Dmitry Medvedev, hey, tell Vlad, I'll be able to get rid of the nukes after I win.
A bit more flexibility.
You private equity guys, you got to understand, I have to hit you.
I have to, Chris.
The only way I can get re-elected, it's not going to be bad.
We'll work together after the election, but I got to say these things.
Well, hello.
This is one reason people hate politics because Obama was basically telling them, look, guys, I have to lie.
My base is so stupid they hate your guts, and I got to make them think that I do too.
But hang with me.
How about that?
Okay, so Mr. Gogol of the private equity firm Clayton Dubaillier and Rice says that when Obama's minions come to raise money, they wink and they say, look, we don't really hate you.
We just have to say we do.
We've got to do these things to get elected.
We have to criticize what you do.
After we get elected, it's all going to be fine.
So essentially, Obama's minions say to the private equity guys, my base is so stupid they hate your guts, and I've got to make them think I hate your guts too in order to get elected.
But after I get elected, it's going to be cool.
He said the same thing to Dmitry Medvedev.
Look, tell Vladimir after the election, I'll have a lot more flexibility on getting rid of nukes.
Thing is, he was not lying to Medvedev.
He was lying to the fat cats.
He is lying to the private equity guys.
He's telling every syllable he says is the truth when he talks about hating people who pursue profit because this guy is running against capitalism in the midst of an economic recession when what you need is economic.
How bizarre is this to run against capitalism when your country's in the middle of a recession, when you're trying to get the economy to expand, you say, and when you say you're trying to get businesses to hire, it is perverse.
It's perverse unless you don't want the economy to expand, unless you want to prolong the misery in order to pass more safety net welfare funding, which we all know that's what Obama wants to do.
He wants to expand the government.
He wants more.
The fact that 88 million Americans are not working, but that they are eating, Obama loves, because he's the one getting credit for feeding them, in his mind.
And not only are they eating, they've got their televisions and they've got their cell phones and they've got cable.
And the number of these 88 million who aren't working but have food, have cable, have cell phones, and have flat screens may be saying, what more do I need?
All right, let's go to the phones.
It's Open Line Friday.
We're going to start in Oswego, New York with Kurt.
Hello, sir.
Yes, good afternoon, Mr. Limo.
How are you?
Very well.
Appreciate that.
Thank you.
I have to tell you a little story.
I'm a prior service Marine.
I served under President Bush on Marine One as a helicopter crew chief.
And I just happened to notice in some of the press in the scene of...
Wait, wait, wait, wait.
Hold it just a second.
You?
Helicopter crew chief on Marine One?
Yes, sir.
I didn't know you guys were allowed to talk about that.
Well, I'm out of the service now, so I think the danger's past given what's happened with the poor Marine on Facebook there.
All right.
So I'm not sure what the statute of limitations is, but there's no national secrets are going to come out today.
I can assure you that.
All right.
Okay.
Okay, cool.
I was proud to serve under President Bush, and one of the things that I noticed as we followed him around the country is that even as a president purportedly was on vacation, the man never stopped working.
I could tell you from sunup to sundown, he was in the field.
He was clearing brush.
He was doing the things that a typical person would do who's away from work and still has responsibilities at home.
And what I don't see from President Obama is that kind of mentality.
And quite frankly, it's a little appalling.
And I was really proud to hear as I was waiting to connect with you how fervently you believe, and I'm of the same opinion, that working Americans, we still hold pride in the fact that we know how to get our hands dirty.
We know how to get things done, and we can turn the country around, not because of President Obama, but in spite of him.
Exactly.
It will happen.
I am entirely confident of it.
It is why I have not uprooted.
It's not a question of if.
It's the only question of when to me.
You know, I saw a story.
I haven't checked the link.
There's a link on Drudge that says that Obama's going to take Memorial Day off.
I find it very disappointing to hear that sort of thing.
You know, one of the things that struck me about President Bush is that he was always grateful.
He was always personable if you had the opportunity to meet him.
And he never seemed like the type of person that would look down his nose or turn his chin up at one of his service members.
He didn't.
And while I cannot say that I served under President Obama, I do not get that same impression.
Well, you would know.
I mean, if you're the mechanic, Marine Juan, you wouldn't Bush oftentimes on Christmas Day.
Thanks, he would stay in town.
Secret Service could spend time with their families.
People like you could do that.
Then head off to wherever he was going.
But Obama, I've heard a lot of people, he's nine to four.
His work day is nine to four.
Now, presidents are always, I mean, the phone can always ring, but we still know what you mean.
But I saw on Drudge that link that Obama's going to take Memorial Day off.
My first reaction is, how will we know?
How can we tell?
Kurt, thanks much.
Steven, Shreveport, Louisiana.
Hi.
Yes, Rush.
Thank you for allowing me to express my opinion today.
I hope you have a great Memorial Day.
All right, cool.
In the real world, Rush, I am not allowed to band together with a thousand of my fellow private citizens and invest $2,000 to capitalize a startup company of $2 million.
I don't have the freedom to do that.
You have to be a certified investor and have a million dollars in assets right now.
We don't have that freedom, Rush.
When is your point?
My point is, you're talking about Obama's trying to take our freedom away to be entrepreneurs and start up companies.
That freedom does not exist for only 6 million Americans right now.
And we need to change that.
And I don't see the Republicans moving to change any of that.
Well, I have to admit, I don't know what you're talking about.
You know anybody run equity funds?
You're not allowed to run an equity fund unless you're a certified.
Oh, you're talking about private equity.
I thought you were starting any business whatsoever.
Well, you still have a limit on a private business or what it can be capitalized by, and how many investors.
If you're not a certified investor, you can't do it.
Okay, so you're basically saying the deck's stacked against you.
If you want to be an entrepreneur these days, you can't do it.
It's been that way for 20 or 30 years.
So you're saying if you have to go out and borrow money or get investors to start a business, that you can't do it.
No, sir.
Not if it's over a million dollars.
You can't do it as a private citizen.
Only if you're a certified investor and you're part of an equity fund.
You can't do it.
What if you had a million dollars of your own?
Could you do it?
Well, how many people have that?
Well, I know, but I'm just asking, if you had a million dollars of your own, could you do it?
All right.
So this is our big problem right now.
I know there's a bill in Congress to try to fix this, but I ain't heard anybody talk about this.
Well, people are in.
You've gotten very specific, but everybody is talking about burdensome regulations, obstacles in their way, more trouble than it's worth.
And then, even if you go over all those obstacles, then if you succeed, then you become a target.
If you happen to succeed, something about you will get noticed.
And you'll end up being a target of tax law or what have you.
People are very much aware.
Yeah, I know people band together to invest every day, but he's talking about a specific, he's about private equity.
He's talking about becoming a Bay in Capital.
He's saying that.
But I don't know how different that is than it's actually always been, but I'm not arguing with you about the fact that entrepreneurism is tougher than it has ever been.
I've got to take a brief time out here, folks.
Sit tight.
We'll be back and continue right after this.
Ha!
How are you?
Welcome back, Rush Limbaugh.
You know, I saw the other day, no, it was this morning.
I saw during a show prep, a major hurricane has not had landfall in the United States the last six years.
When was Katrina?
Katrina seemed to have lasted six years.
Maybe what I read was wrong.
It was a story about how disappointed the left is that the hurricane forecast this year is average.
Well, then that's right.
There hasn't been a major landfall, major hurricane landfall, major hurricane in six years, Katrina 2005.
Wow.
That was seven years ago?
Holy, wow, seven years ago for Hurricane Katrina.
Anyway, the stories about how the left is all disappointed that the hurricane forecast is for an average number of storms.
And what they don't know is these hurricane forecasts are nothing but wild guesses.
And even Mr. Gray, the forecaster, University of Colorado, has said, I'm not doing it anymore.
The end of these forecasts is here.
Nobody knows and nobody can know.
But the left is upset.
The media is upset because they want disaster.
They want global warming evidence.
I mean, after Katrina, Al Gore and all the global warming people say, see, global warming caused that, and it's going to get even worse.
Every hurricane is going to be a Katrina.
We're going to have destruction.
And it's global warming that's causing these massive major hurricanes.
And it wasn't.
And the past seven years have proven that.
I mean, every day, this is, again, this adds up to my frustration or adds to my frustration.
Every day, there is blatant, easy as pie to see evidence of the frauds these people are, of the liars, and how wrong they are to boot about everything they believe.
Let's move back to soundbites for a minute.
Romney, yesterday on his website and the YouTube channel, he has a YouTube channel.
He released a new ad entitled Day One, Part Two.
Romney's staying on message.
There's one thing I probably in the near future need to spend a little bit more time on the, but you know, everybody's talking about Obama and his daily events and so forth.
But Romney is kicking butt out there.
And Romney is staying on message, and Romney is rapid firing back.
And this is part, parcel of what has been a little bit discombobulated.
So here is, here's a Romney ad staying on message, day one, part two.
What would a Romney presidency be like?
Day one, President Romney announces deficit reductions, ending the Obama era of big government, helping secure our kids' futures.
President Romney stands up to China on trade and demands they play by the rules.
President Romney begins repealing job-killing regulations that are costing the economy billions.
That's what a Romney presidency will be like.
I'm Nitt Romney, and I prove this message.
Now, on CNN's starting point this morning, Christine Romans, the fill-in host, talked to Debbie Blabbermouth-Schultz, who runs a Democrat National Committee.
By the way, do you know Debbie Blabbermouth-Schultz was scheduled to appear and make a speech after services at a Miami temple, Jewish temple.
And a member of the temple, a man by the name of Tate, stood up and said, I'm not, I'm out of here.
If you bring her in here, you bring her in here to make some concocted political speech on Friday night, I'm out of here.
And I'm, I mean, I'm out.
And so they canceled her.
The Miami Temple canceled the appearance by Debbie Blabbermouth Schultz.
When was the last time you heard of that happening?
Normally, that's the kind of stuff that happens to us.
One of us scheduled to go someplace, the left protests it, and whoever was scheduled to host this shuts it down.
Debbie Blabbermouth Schultz was disinvited or uninvited, and this Tate guy, forget his first name, Stanley, not sure.
Anyway, persevered.
And this temple was just very close to her district.
It's in Miami, but very close to her district.
Anyway, she was on CNN's starting point this morning.
And Christine Roman said, I want to start with this attack on Romney and Bain Capital.
And a lot of people, Debbie, are seeing this as an attempt to disqualify Romney in battleground states.
So the lunchbucket Democrats have somebody to blame for their factory closing.
The White House said this, their big strategy.
Go after Bain, go after Romney.
Will it play in those battleground states?
And if it doesn't, what's plan B?
It's not strategy.
What it is, is that Mitt Romney has made his record at Bain Capital, his experience in the private sector, which is almost exclusively at Bain Capital, the central premise to American voters that they should elect him president.
There are thousands of workers who he laid off, companies that they deliberately forced into bankruptcy, and Mitt Romney and his partners made hundreds of millions of dollars.
Deliberately forced into bankruptcy.
So they're doubling down on Bain, whether it's working or not.
They are going to double down on Bain.
And from day one, Romney's ads are entirely positive.
And by the way, by the way, remember all these calls, anti-negative ads got to stop all the night.
Well, Romney's out there running positive ads, and the media is still dissing his ads.
The media is still ripping Romney's ads.
The media is still criticizing Romney for his ads, even though they're the essence of positive.
So, Debbie Blabbermouth Schultz, there basically is no plan B. We're going after Bain.
We're going after Romney.
And then nothing going to change.
So Christine Roman says, well, why is it not hypocrisy for the president to take campaign donations from private equity when he's attacking private equity, making that an essential part of his campaign?
Accepting a contribution from a particular person involved in venture capital and criticizing Mitt Romney, who has made his record as a venture capitalist at Bain, the central focus of his credibility and his qualification for being president are completely different things.
So, Mitt Romney, in the way that he ran Bain Capital, the companies that he deliberately drove into bankruptcy, the creditors that he left with less than pennies on the dollar in return, and the thousands and thousands of people who he left on the unemployment lines while making hundreds of millions of dollars in profits for himself and his partners is an appropriate examination for a man who is saying that this is the reason we should elect him president.
Stop it.
I feel like I'm listening to Hillary.
I just can't stand it.
It's nothing but just poppycock.
It's just all lies.
It's all absurd.
I'll tell you what, I'm going to do.
We come back to the top of the hour.
Mark Thiess, Washington Post headline: Forget Bain.
Obama's public equity record is the real scandal.
And it's a list of all and every one of Obama's abject failures, bailing out companies, green energy sector using your money.
Romney used his own.
Obama using your money, taxpayer money, is got a dismal record.
Talk about bankruptcies and people losing their jobs.
Obama's the king of destroying companies.
The fact of the matter is, Bain Capital was trying to keep these companies out of bankruptcy.
And they were asked in to save the companies.
These were not takeovers.
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