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May 25, 2012 - Rush Limbaugh Program
29:33
May 25, 2012, Friday, Hour #3
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Rich Johnson of the Weather Channel, formerly the Weather Channel, eagerly writing to correct me.
And he said that Katrina was not the last major hurricane to hit.
I technically didn't say it was.
I said, when did Katrina hit?
And I thought, because the story was that we haven't had one hit in six years.
Well, I thought Katrina was.
Wilma hit after Katrina.
It was major.
We got that one, snertily.
We got Wilma.
It shellacked us.
It came across from the from the Gulf.
But still six and a half years ago.
Last major hurricane strike the United States, Hurricane Wilma.
And it was October of 2005.
Live from the Southern Command in sunny South Florida.
It's open line Friday.
The time is zipping by here, folks.
It's a Memorial Day weekend.
We got a best of show coming up on Monday.
People ask me, how do you pick the best of show?
It's really hard because they're all qualified.
Basically, we said the computer randomly select one.
So I got an hour left here.
800-282-2882, if you want to be on the program.
We'll take as many calls as possible.
Although I have to say I'm fired up.
I've so much I want to say here today, and I'm trying to get phone calls in and get all the sound bites in.
Stuff that's happening out there has got me uh fired up.
For some reason, I'm obsessed here with this Bain Capital stuff, even though I know it's backfiring on them.
But every time I listen to, like Debbie Blabbermouth Schultz or some of these other people, when I listen to Obama talk about it, the abject lies that they're telling about private equity in general.
These are full-fledged, all out of salt on capitalism, which burns me.
Obama is running for re-election, running against capitalism, telling lies about people who are doing good things.
Bain Capital targeted nobody.
Bain Capital is invited in.
Companies were headed south.
Bankruptcy was in their future.
They asked Bain to come in and save them.
And they had an 80% success rate.
And Romney was not there for the longest period of time that they've been around.
Romney was there in the founding days, but he was he hasn't been there in years.
He did good work when he was there.
But he he, in fact, the specific assaults that Obama is waging against Bain Capitol, Romney wasn't there at the time.
Obama can't even tell the truth about that.
But this steel company.
Yeah, they got eight years out of it after Bain took it over.
If Bain hadn't come in, that steel company, everybody who worked there would have gone under immediately.
Or within a few short months.
Bain was able to get eight years out of it and eight years of employment for some people there.
But to say that they bought these places to take them into bankruptcy is the exact opposite of what Bain was doing.
But Obama has been doing the very same thing.
At least Bain does it with their money and their investors' money.
But Obama has been engaged in crony capitalism using our money to subsidize his pet industries.
And basically all he's been doing is setting up these fraudulent phony green industry businesses like Cylindra, which become a circuitous route for money.
The way it works is donors give to Obama.
Obama rewards them with loans or paybacks for their private business, such as solar panels.
They start their business, and in every case, practically, the vast majority of them, they've gone bankrupt.
And the people work there have been laid off and fired.
They didn't have to pay back the money they were given.
Your money.
They just used it up in failed businesses.
Obama got his campaign donation out of it.
The people that donated got some of their money back, and everybody was happy, except the people at work there.
A guy named Mark Thiessen has a column about this at the Washington Post.
It was out yesterday.
It's entitled Forget Bain, Obama's Public Equity Record is the real scandal.
Let me read to you just a little of this.
Despite a growing backlash from his fellow Democrats, Obama has doubled down on his attacks on Mitt Romney.
Speaking of, here, grab sound by the left.
Lanny Davis is even coming out against Obama.
He was on America's Newsroom yesterday on the Fox News channel.
It was this Bill Hemmer.
And Hemmer said, uh, Corey Booker, the mayor of Newark, what he was saying is that these are good people at private equity firms that work on Wall Street.
Don't classify them all as evil.
What there was a problem with the ad that I saw is that it was misleading because it omitted a number of important facts that the viewers should see.
Romney wasn't even there when that plant went down.
That plant was about to go bankruptcy before Bain bought it, brought it back, and in fact created jobs, and then it went under, as the head of the union said, because of foreign imports.
So the ad is misleading because it omitted those facts apart from the fact the person at Bain is currently a Obama bundler when that company went bankrupt.
It's just not a good idea to miss any people.
Do you realize what you just heard?
That's Lanny Davis.
That's the guy who was better at defending Bill Clinton during the Lewinsky scandal than anybody.
He and Carville were better, and maybe the forehead better than anybody out there.
Lanny Davis, Mr. Democrat.
Now Lanny now has a K Street consultancy firm.
And he needs people like private equity people, his clients.
He has just, folks, he just stabbed Obama in the not in the back, he's right between the eyes.
He just tore apart every contention in Obama's ad.
He just ripped it to shreds.
He said it omitted a number of facts that the viewers should see.
Romney wasn't there.
The plant was about to go bankrupt before Bain bought it.
Bain brought it back, created jobs.
This is undercutting every point Obama is making.
That Romney purposely took over losing companies, filed to Chapter 11, everybody got fired, Romney got rich, and Lanny Davis just said that none of what this ad says is true.
It went under, as the head of the union said, because of foreign imports, not because Bain let it die.
And a union guy, an Obama guy, says, wait a minute.
Bain didn't destroy us.
Bain tried to save us.
This is profound here.
And this is the what all the people on all the cable networks are talking about, how this is backfiring, and yet Obama's doubling down on it.
And the reason he's doubling down on it because that's all they've got in the playbook.
They don't have anything else.
So back to Thiessen's piece, despite a growing backlash.
Obama has doubled down on his attacks on Mitt Romney's tenure at Bain Capitol, but strategic could backfire in ways Obama didn't anticipate.
After all, if Romney's record in private equity is fair game, then so is Obama's record in public equity, and that record is not pretty.
Since taking Orifus, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill.
Many of those investments have turned out to be unmitigated disasters, leaving in their wake bankruptcies, layoffs, criminal investigations, and taxpayers on the hook for billions of dollars.
Here are just a few examples of Obama's public equity failures.
Number one, Razor Technologies.
In 2010, the regime gave this outfit $33 million taxpayer funded grant to build a power plant in Beaver Creek, Utah.
According to the Wall Street Journal, after burning through the tax dollars, the company Filed for bankruptcy protection in 2012.
The plant now has fewer than 10 employees, and Racer owes one and a half million dollars in back taxes.
Here's Obama trying to tell us that the people at Bain are still in business and still doing what they're doing, and the number one guy at Bain right now is an Obama fundraiser, by the way.
The head honcho at Bain is an Obama bundler.
Bain's still in business.
Bain's doing well.
Obama doesn't is the one that doesn't know what he's doing.
Obama is the one that's a disaster.
Obama's the one that picks losers.
Obama is the one who gives your money away to people that go bankrupt and fire employees.
EcoTality.
The Obama administration gave ecotality $126 million in taxpayer money in 2009 for the installation of 14,000 electric car chargers in five states.
Obama even hosted the company's president, Don Carner, in the first ladies' box at 2010 State of the Union show as an example of stimulus success.
According to eco-tality's own SEC filings, the company has since incurred more than 45 million dollars in losses and has told the federal government we may not achieve or sustain profitability on a quarterly or annual basis in the future.
Okay, he's two for two in failures, but he's got to like this.
Egotality says they may not sustain profitability.
Sustain, they may not even get there.
Thank you.
And this guy's in Michelle Obama's box.
He's been held up as an example of stimulus success at another Obama bankruptcy on the verge of happening.
According to CBS News, this company, eCotality, is under investigation for insider training, and Don Carner has been subpoenaed for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company.
Nevada Geothermal Power, NGP.
Obama gave this munch a $98.5 million taxpayer loan in 2010.
Guaranteed.
The New York Times reported last October the company is in financial turmoil, and that after a series of technical missteps that are draining Nevada Geothermal's cash reserves, its own auditor concluded in a filing released last week that there was significant doubt about the company's ability to continue as a going concern.
First, solar.
The Obama regime provided first solar with more than three billion dollars in loan guarantees for plants in Arizona, California.
According to Bloomberg Businessweek, last week the company fell to a record low in NASDAQ stock market trading, May 4th after reporting $401 million in restructuring costs tied to firing 30% of its workforce.
A solar firm given $3 billion, losing $401 million because they fired 30% of the workforce, a bound solar inc.
Obama gave a bound solar $400 million loan guarantee to build photovoltaic panel factories.
According to Forbes, in February, the company halted production and laid off $180 employees.
Beacon Power, another.
They got $43 million loan guarantee.
According to CBS, Standard and Poor's had confidentially given the project a dismal outlook of CCC Plus.
In the fall of 2011, Beacon received a delisting notice from Nasdaq and filed for bankruptcy.
These are just tip of the iceberg.
Everything Obama's touched in terms of public equity has gone bankrupt.
They've laid people off.
And it's not been his money, it's been ours that he has lost.
Snerdley just asked me a good question.
How in the world did all these people get Obama's attention?
Who are all these people that got these Guaranteed loans and then their businesses went belly up.
Who are these people?
Well, Peter Schweitzer wrote a book.
He's the Hoover Institution scholar.
Peter Schweitzer wrote a book called Throw Them All Out.
Peter Schweitzer found out that 71% of Obama's energy department grants and loans like the ones you just heard about went to people who were bundlers and members of Obama's National Finance Committee, or they were large donors to the Democrat Party.
Now can I throw a name out to you?
How about Halliburton?
What is it?
What is Halliburton mean to you?
And then after Halliburton, what about Blackwater?
If you have a decent memory, all during the Iraq war from 2003 on.
All you heard about was Halliburton.
And Halliburton was some evil, rotten energy company, specifically oil company at Cheney used to run, and they were in charge of all the war effort, and they were in charge of all the restaurants and all the canteens.
And then Blackwater was this security group, and they were out there and they're paying people and they were firing guns at the enemy and cronies of Bush and Cheney, Halliburton and Blackwater, and the whole purpose of the war was so that Halliburton would get rich.
That's what people think Halliburton is.
Well, that was never true about Halliburton.
Halliburton is a multifaceted multinational.
And they provide, they do provide the food services for combat troops.
I have eaten in Afghanistan in a Halliburton facility.
Kellogg Brandon Root is the subsidiary of Halliburton.
But look at this: 71% of Obama's bundlers or big donors to the Democrat Party or members of Obama's Finance Committee end up getting 71% of them.
Halliburton was one company.
They go bankrupt, they fire their workers, but the people that got the money somehow remain in their homes and in their cars in Fat City.
By the way, there are more companies than Mr. Thiessen wrote about here.
In Obama's public equity is an outfit called Sun Power.
A solar outfit.
They got 1.2 billion dollar loan guarantee from the regime as of January.
The company owed more than it was worth.
Bright Source got a 1.6 billion dollar loan guarantee.
They've posted a string of net losses totaling 177 million dollars.
Then there's Sylndra.
Solar panel manufacturer got $535 million taxpayer funded loan guarantees.
They went bankrupt, left taxpayers on the hook.
Obama is an Ofer.
But for some reason, some people, well, government's trying to help.
Government trying to help people.
Big business stinks it's evil, it's rotten.
It's a perception that it's been with us for as long as I've been alive.
And it's been brought to you by the American left and the Democrat Party.
And every damned one of these outfits was nothing more than a crony Obama supporter who probably chose these industries to pretend to start up just to get some government money.
There was no business there.
There is no green energy.
You know, I've made jokes about the shuttle being piggybacked by a 747.
I said, show me the battery.
be.
Show me the electric airplane that'll get that done.
Interestingly, I have a story here in the stack.
There is an electric airplane.
It's been found.
Here it is!
Solar-powered airplane embarks on first transcontinental flight.
You wouldn't get on this thing.
I have a picture of it here.
But I want you to listen to this.
And I realize the automobile had to start somewhere too.
I mean, the automobile didn't start out As a Beamer Mercedes or Cadillac.
Started out as clunky old thing.
I understand that.
An experimental solar powered airplane embarked on its first transcontinental flight on Thursday.
The solar impulse plane left Switzerland.
And after a pilot change in Spain, should reach North Africa next week.
You could get there on a boat faster than this solar-powered airplane is going to get you there.
The airplane features a 207-foot wingspan, has more than 12,000 solar panels.
The project began in 2003 and is estimated to cost one hundred million dollars.
One hundred million dollars has been invested in a solar airplane that takes weeks to get from Switzerland to North Africa.
Now, I know the automobile started out, and you gotta start somewhere and so forth, but a hundred million dollars.
The Swiss traveled to Belgium and France last year to complete the solar impulse's first international flight.
The mission to Africa described as a final dress rehearsal before a round-the-world flight that'll include stops in the U.S. That's scheduled to be unveiled in 2014.
It probably will take a year for this thing, depending on which way it goes.
I don't even know if it can make it against the wind.
But at least they've got it.
It doesn't have a practical purpose.
The purpose, the purpose is to show the future of green energy.
Show the future.
Yes, we're getting there.
Green energy.
James Taranto, Wall Street Journal, had a piece, The Ultimate Dark Horse.
There's a great line in this piece.
Nobody is challenging Barack Obama in the Democrat primaries this year and is doing surprisingly well.
It's a great line.
Nobody challenging Obama in the Democrat primaries this year.
He's doing surprisingly well, but that's not what I want to focus on.
Later on in the piece, there's this.
We now have seen Obama held under 60% in primary states by a slate of three candidates.
An anti-abortion extremist, federal prison inmate, and a Tennessee lawyer, not to mention nobody.
To be sure, it is not the left that is abandoning Obama.
It is white working class voters, a demographic group that's been moving toward the Republicans, and in a region that swung toward the GOP in 2008 in opposition to the nationwide trend of Obama.
The Washington Post's Chris Eliza, we referenced this earlier this week.
Maybe it might have been Wednesday.
The Washington Post Chris Silliza observes that Obama's poor showings in these states...
Simply due to racism.
It was last November, Thomas B. Edsel had a piece in the New York Times.
The purpose of the piece was to inform the reader that Obama, the campaign had written off white working class voters.
Do you remember now that I remind you?
So last November, the regime had written them off.
Last November, white working...
I remember making a big deal out of it because I couldn't believe it.
An incumbent president sends a minion out to inform the world via a column in the New York Times that he is abandoning the votes of white working class Americans in his reelection effort.
Now we get a story.
Okay, so Obama's abandoned them, not seeking their votes, so they're not giving him their votes.
And now all of a sudden they are the racists.
They did abandon Obama.
They didn't want much part of Obama 2008, but it wasn't by big numbers.
But now Obama says to hell with you guys where I'm not interested in your votes.
They say, okay, fine.
We don't want to vote for you anyway.
And the reason they are racists.
It's the regime that wasn't interested in their votes.
The regime not interested in the votes of the bitter clingers.
My bust is on display right outside the house doors.
The doors to the House of Representatives chamber in the Missouri State Capitol.
There's a story in the St. Louis Post Dispatch.
The rush bust.
I like that.
The rush bust.
The Missouri House has spent more than eleven hundred dollars on a security camera to keep watch over the new rush bust.
House clerk Adam Crumblis said yesterday that he authorized the camera because of concerns the limbaugh bust might be vandalized.
The Hall of Famous Missouri.
The story goes on to complain.
The writer is upset at taxpayer dollars are being spent on security for my bust.
This may be the first time on record we have found a journalist upset with government spending.
But they clearly at the post dispatch, in my own home paper, they're not happy with this.
$1,100.
Irresponsible government spending.
Here's Alan in Bayside, Queens.
Great to have you on the uh EIB network, Alan.
Hello, I'm glad you waited.
Yes, good afternoon, Mr. Limbaugh.
Had a question for you, sir.
Yes, sir, fire away.
Do you think a school has any place telling our kids what secondary language to learn?
I know what you're talking about.
This is a bit the Arabic being taught, right?
Yes, in New York, in the upper in the upper part of the city.
Yeah.
Uh well, I don't think this Arabic may be new, but aren't aren't there plenty of school districts that require a second language to be taught?
But by second to fifth graders?
Uh well I've learned a second language.
No, no, don't misunderstand.
I'm not I'm not defending it.
I just you ask me if I've ever heard of a school requiring a secondary language.
And there's some schools in America that require English as a secondary language.
Understood, sir, but I lost my way to say this.
You know, I was asked to learn Spanish.
It was part of our curriculum.
But telling a bunch of second through fifth grade elementary school children that twice a week for 45 minutes they have to sit in a classroom and learn a language that they pardon me, no matter what the teachers and the principal seem to think may have no use for.
Uh well, that's where they're probably wrong.
Uh they have no use for it.
Somebody clearly intends them to have a use for it.
Yes, sir, obviously, but you know what I would do if I were if I'm upset about this, I'd call the nags.
I I I would call a national organization for well, because you know, what what is the plight of of women in in Arabic countries in Saudi Arabia?
They can't drive cars, they can't go out in public without Burqa, uh, they can't go out in public without permission of their husbands.
Need chaperones and stuff.
Uh all of that's gonna be part and parcel of learning the language.
Yes, sir, certainly.
You'd be able to understand those commands.
You cannot go outside without my permission.
The Nags could probably stop this.
But would they, sir?
No, probably not.
Yeah, that's my wife and I were married recently.
We're getting ready to start a family.
Let me ask you this.
What kind of world would be bringing them into?
Well, I don't peep yeah, I look at it I hear you.
Let me are uh is this school district in base allowed to require English to be taught.
Well, it's in Hamilton Heights specifically, sir, and I'm not sure.
All I know is just they're oh, it's technically Hamilton Heights, yeah.
Yeah, they're just saying it's uh apparently that it's uh a critical need language, they're saying about Arabic.
Well, maybe the Department of Homeland Security needs some new employees.
Maybe they're running short.
TSA might need some people.
Pardon me, sir.
Well, no, You can laugh.
You can laugh.
Yeah, it's just you're probably absolutely right, which is what I found so funny.
I saw the story.
Look, I'm like you.
I'm I'm who somebody's got to interpret Sharia law.
That's what's uh guarantee you that that's what's the foundation for this is.
Nobody's gonna tell you that.
Nobody's gonna say that's the reason, but somebody's got to interpret Sharia law down the road.
Certainly.
You know, the thing about the Hispanics thought they had the second language racket racked up, and now look.
Oh, this is funny.
Folks, like we said last year, for most people, Memorial Day is just another day off.
But given Obama's recent speeches, maybe this Memorial Day, we ought to especially remember.
All of our soldiers who died defending capitalism and the freedom that capitalism has brought us.
All of our soldiers who have died fighting communism, all of our soldiers who have died fighting national socialism, it's more than just a day off.
Thank you.
We're in the midst of a presidential campaign where one of the candidates, the incumbent, is running against capitalism on a weekend where we remember and honor and memorialize those who fought and gave their lives defending it.
Take a moment to think about that this weekend.
as you go about the other aspects of your day.
By the way, Drudge has a story just...
Just went up.
Apparently, Silvio Berlusconi, former prime minister of uh Italia, now and then for his wild parties would have a beautiful Dominican woman dress up like Barack Obama at some of his parties.
I don't know what happened after that.
She just dressed up as Obama and show up at Berlusconi's Bashes.
Memorial Day weekend, remember what I said?
Think about it for a brief moment over the weekend.
All the people have given their lives to this country.
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