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July 6, 2012 - Rush Limbaugh Program
36:57
July 6, 2012, Friday, Hour #1
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Welcome to today's edition of the Rush 247 podcast.
Hey, is it recovery summer yet?
It's gotta be one of these summers, right?
Rush is predictable.
He's he's sort of predictable.
He's predictable at least in terms of how he relates to my life.
Rush goes on vacation about the same times every year, and I know this because I'm always here right around the 4th of July.
And I'm always here between Christmas and New Year's.
And the only reason I would be here is if the Great One wasn't here.
And I distinctly recall.
Distinctly recall on the Rush Limbaugh program reading this.
The administration today kicks off Recovery Summer.
A six-week long focus on the surge in Recovery Act infrastructure projects that will be underway across the country in the coming months.
And the jobs they'll create well into the fall and through the end of the year.
The Recovery Act has already funded tens of thousands of projects and put about 2.5 million Americans to work.
But summer, oh 2001, is actually poised to be the most active recovery act season yet, with tens of thousands of projects underway across the country that will help to create jobs for American workers and economic growth for businesses large and small.
Yes, recovery summer.
We were told that was 2010.
And after all, that was a good 16 months after they passed the Recovery Act, aka stimulus.
And we were told it was gonna kick in.
You know, they passed the stimulus thing, which they had to do because Bush destroyed the economy.
And don't worry, we'll pass stimulus.
Things will get better.
Well, 2009 came and went.
You need time to roll out these projects.
And now all the projects were underway.
And in 2010, the economy was going to turn.
This was the master plan, turn in time for the 2010 congressional elections.
And they were so convinced of this.
They even had their cute little name, Recovery Summer.
Well then July came around.
I came in here and did the Rush program, and the June 2010 economic numbers didn't really move.
They didn't really move.
Last year I came back.
You'll recall when I well, no one recalls what I say on the show a year later.
Do you recall what I said a year ago?
You don't recall what I said a year ago.
Here's what I said a year ago.
I made fun of the fact that it was now a full year later, and recovery summer had not.
Maybe this 2011 will be recovery summer.
Well, here we are in 2012, and the economic numbers are out today.
Most economists were expecting job growth of a miserable 90 to 100,000.
Still very, very slow, and we rolled in withdrew.
The unemployment rate has moved from all the way down from 8.2%, crashing all the way down to 8.2%.
So we have the miserable economic news, which is causing a sell-off on Wall Street today, as it's beginning to dawn on every last person in America that we aren't having recovery summer.
We aren't having recovery autumn.
We're not having recovery winter, we're not having recovery anything under Barack Obama.
All we have is a massive debt created by his stimulus that didn't lead to anything to recover.
But we've got a lot of things to talk about in the program today.
In addition to the economy we've got coming up in the second hour of the program, we're going to have an interesting discussion about the latest Obama apology.
He's apologizing again, this time to Pakistan, because those terrible American soldiers saw fit to defend themselves when they were ambushed.
He's apologizing.
Have you noticed that Obama has apologized to everyone?
Except us.
Whole world's gotten an apology.
We're the ones hurting.
When do we get ours?
And because I'm from Wisconsin and I have been there.
I'm here to tell the tale.
I'm Ahab.
The story of what really happened in Wisconsin with our governor Scott Walker under siege and how he managed to survive everything that was thrown at him.
He's going to be joining us in the third hour of today's program, but there's even more.
Live from New York City.
It's open line Friday.
Yes, open line Friday.
I don't know how to do open line Friday.
Every time I've been here on a Friday when it was open when it's been Open Line Friday, I don't know how to do Open Line Friday.
As I understand Open Line Friday, I'm supposed to throw all sorts of good material at you.
And you're supposed to respond with all sorts of good calls.
And then we have a great program.
And then people say, well, gee, that wasn't so terrible that Rush wasn't there.
And we move on and Rush comes back on Monday.
That is kind of the game plan, right?
That's callers can call.
Callers can call about anything they want to, and I have to put up with it, I'm told by both thirdly.
So that's it.
So my understanding was a little bit skewed.
Callers can call about anything they want to, and I have to put up with it.
Uh and pretend to be interested.
I'm getting my instructions here.
I don't come in to make waves, I want to follow orders.
If you would like to participate in this, the phone number is 1-800-28282.
And it's always been that number.
Here are the uh the grim reaper statistics.
CNBC.com.
June job creation at 80,000 rate holds steady at 8.2%.
The U.S. economy created just 80,000 jobs in June, and the unemployment rate held steady at 8.2%, reflecting continued slow growth in the economy with the presidential election just four months away.
Here's the thing, though.
And this is always the thing with Obama.
The news is always bad with him.
Just as every time we learn something about something new that's in Obamacare, it's never a good thing.
The news is always bad with Obama.
But the other part of it is it's always worse than it appears.
There's no silver lining in the Obama clouds.
The cloud is like masking some sort of terrible, awful funnel cloud behind it.
There's always something worse behind the cloud.
I'm looking at a really interesting report here describing the share of the labor for labor force as a percentage of the overall population.
Let me give you this number.
If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office, 65.7% then versus 63.8 today, the unemployment rate would actually be 10.9%.
In other words, because of the number of Americans who have given up and are no longer in the workforce, they're not seeking employment at all.
Because that number has gone down.
We now have a smaller percentage of Americans who are either working or trying to work.
The unemployment rate is actually significantly higher, and has been going up under President Obama.
So you have fewer people seeking work, which you would think would create a reduction in the unemployment rate since you've got a smaller group of people actually out there trying to find work, but that hasn't happened.
So what we've managed to do to our country, should I give you the 40 second summary of economic policy under Barack Obama?
What we managed to do is have an economic downturn that was caused by a lot of things.
Way too much speculation in the financial markets, way too much intervention by the government in ensuring mortgages that shouldn't have been made, way too much hanky panky being played by financial idiots who thought, well, let's just create a derivative and get involved in the boom of the housing market.
All of which caused a credit market downturn, which led us to a recession.
And any of us who are honest acknowledge that Republicans were partly to blame for that.
President Obama inherited that.
He's not the first president to inherit an economic downturn.
For every recovery, there was a downturn before it.
And he came in with a Democratic Congress.
I passed my 40 seconds.
He came in with a Democratic Congress, a Senate, and a House, which allowed him to do whatever he wanted.
And they did exactly what they wanted to do.
They went and looted the American economy by borrowing nearly a trillion dollars and going out and creating this massive stimulus program, saying that it would create so many jobs that the economy would recover and we would quickly pay back the amount that they borrowed, and there would be no impact at all on the budget deficit that we would actually, if anything, help start paying down the national debt with this incredible boom that would occur because of his great stimulus.
And in fact, stimulus in the past has occasionally worked because when the numbers are bad, they usually the next step is usually for them to go up.
The great thing about comparisons is you're comparing, you know, the current year to the preceding year, which is often bad.
Instead, nothing happened.
We haven't had any improvement in the housing market to speak of at all.
We haven't had any improvement in the jobs market at all.
And because of that, because not nobody's working, and because we don't have any income growth, the deficit remains 1.31.4 trillion dollars.
What he managed to do is create an enormous deficit, dig us into a huge hole, and do nothing to turn the economy around.
We're not in a recovery.
We probably never were.
We had a crappy year under him under 2009 and 10.
2011 wasn't quite as bad, so we called it a recovery, and now 2012's turning into another 2010.
I don't want to be Mr. Doom and Gloom.
It is open line Friday, but it's just a mess.
We have a total malaise here.
This is Jimmy Carter all over again.
We're going nowhere with this economy.
And he has no plan.
What's his plan?
He's out there where?
In Ohio today?
What's his plan?
He doesn't even have one.
Well, we'd love we'd like to stimulate a little bit more.
What?
Borrow more money?
You borrowed all the money.
We're already in a huge hole.
A tax the rich, what does that have to do with anything?
There's no plan to offer.
You know, the these numbers indicate that a lot of people are hurting.
They also explain why we have a little bit of growth in manufacturing and no growth in anything else because the consumer isn't spending.
The only positive to this is that it is proving.
This is proof.
The great argument.
If you have a ton of government spending and you spin just take all this money and you spend it on public works projects, will it turn an economy around?
The liberals, the Keynesians, said, yes, it will.
Paul Krug went, oh, this will work.
Conservatives like myself, Rush, many of you, I don't know, I don't think it's going to work.
We're just going to have a big deficit as a result of that.
Well, we've tested it.
This was the Petri dish.
We tested it.
They were wrong.
We were right.
At least we can learn from this.
If you want the economy to grow, you need the private sector to grow, and that means the government has to start encouraging job growth and economic development in this country.
It's Open Line Friday, huh?
I've got all this stuff.
Do I get now?
Callers get to call in with anything they want, and the audience has to put up with it.
That's what it's been explained to me.
I think that works both ways.
I get to talk, therefore, about anything that I want, and the audience has to put up with that.
Well, now let's start with this one.
California.
There are some cities in California that want to use eminent domain to repossess houses that are under water and give them back to the homeowners at the reduced rate, thusing the lenders who are owed all the money on the original mortgage hundreds of thousands of dollars.
This is thievery, but this is what it's come to in Barack Obama's America.
I'll tell you about that one too.
It's Open Line Friday on the Rush Limbaugh program, and my name is Mark Belling.
Mark Belling sitting in for Rush Limbaugh.
I like this.
The callers can call, talk about anything they want, and the host has to put up with it.
But that means that the host gets to talk about anything he wants, and the callers have to put up with it.
Like I can just throw out fans shouldn't be able to vote for the All-Star Game, and the fact that David Wright isn't a starter for the National League proves that.
I can throw this out, right?
I just did this.
All right.
Now here now here's here's this story.
I found it in the Wall Street Journal yesterday.
This story is unbelievable.
It may have been pride before, but I've never heard of it.
The headline Cities Consider Seizing Mortgages.
This idea is starting out in San Bernardino, California.
San Bernardino County, California.
San Bernardino County is west of Los Angeles.
Huge geographically, and a number of very, very large cities there.
And one of the places where the housing market has just been the worst.
In fact, according to this chart, 43% of homeowners in San Bernardino County are underwater with their mortgages.
Underwater means they owe more than the houses are worth.
Buy a house for $400,000.
It's now worth $240 where your mortgage is sitting there, maybe you still owe $330.
You owe $330 and the thing is worth $240.
Forty-three percent of the people in San Bernardino, California, are in that situation.
This is resulting in a lot of foreclosures and a lot of people walking away from their houses, a lot of houses sitting empty as the banks have repossessed.
The plan that they're putting in place out there, which was invented by a company called Mortgage Resolution Partners, is to have the community use their eminent domain power.
Just describing this, you'd think that I was in Caracas, Venezuela, and talking about Hugo Chavez's latest program.
The community would use its powers of eminent domain to seize the home.
Under eminent domain laws, you pay fair market value.
Well, that's the value today.
Now let's use the example of that $400,000, the house of the $400,000 mortgage.
It's worth $240 now.
So they'd see the seize the house for about $225 or $230.
Because the homeowner doesn't own the house anymore.
The bank owns the house because the homeowner is underwater.
The bank or the lending institution or whoever holds the mortgage note right now gets the two thirty, and they don't have the right anymore to repossess or foreclose on the house.
They're just out all that amount that they loaned.
The plan is then to turn around and issue a new loan at the 230, using my hypothetical example, to the homeowner.
So the homeowner suddenly doesn't owe the 340 or 350.
They can get a new mortgage for 230, which is what the house is worth now.
Why, that's wonderful.
People can stay in their homes.
Yeah, it's wonderful if you're a Marxist.
This is what Castro did in Cuba when he came into power.
This is just thievery.
Well, who cares about the banks?
I suppose you can argue who cares about the banks.
But how is our economy ever going to recover?
If we're now going to tell all of these financial institutions, and this idea is going to spread like wildfire, if they can make this work in California, it's going to be tried everywhere.
If we're going to tell institutions that if they make a loan, they don't get the ability to take back the collateral on their loan.
The loan was 400,000 in the example I said it.
It could have been 500,000, it could have been a million, it could have been 150.
But they're supposed to settle for pennies on the dollar from the government and lose the right to foreclose on the house.
Just so we can bail out whom?
The guy who can't pay his mortgage.
Because he bought a house at the market top.
Well, what about everybody else who ended up underwater and is figuring out a way to dig out?
Where's their bailout?
What about the people who didn't buy at the top?
We can't keep providing a safety net to cover people who make mistakes.
Furthermore, we act as though some Americans, in this case, the people who held the mortgages, don't have any rights at all.
Let's just go in and grab the thing.
Oh, well, we're we're owed 400,000.
No, you're not.
Here's your 230 from us.
Using eminent domain.
Eminent domain is nothing more than government taking things from private citizens, which I suppose it has to do.
When you want to put in a freeway, you've got to be able to take some property.
Otherwise, nobody, we're not gonna have any roads anymore.
And we use eminent domain for power lines.
Then out in where was it?
Connecticut, the kilo case, a community tried to use eminent domains you could put in a shopping center.
Now they want to use eminent domain to shaft a bunch of banks and help a bunch of people who aren't paying their bills stay in their houses.
This is scary stuff, and I wanted to highlight it here on the Rush program.
It's not right.
It's not American.
And it's going to cause a lot of damage.
It's going to drive up lending costs, particularly as lenders now know that if they make a loan, all the risk is on them and none is on the person who takes out the loan.
And is somebody who made a bad decision in the housing market, bit the bullet and moved on, but also made a good decision on his primary residence, me paying my bills.
Why should we bail out somebody who made a bad decision?
Why shouldn't they have to pay that price for that bad decision?
The answer is because we live in a country right now where we're trying to shelter everyone from any pain whatsoever, and it doesn't work.
I'm Mark Bellingham for Rush.
I've I've got to correct something here.
I'm going to give my state a bad name.
We're on a big high right now, you know.
Paul Ryan, Scott Walker, Senator Ron Johnson, whole thing.
And here here the here the Rush audience thinks this idiot thinks anything can be west of Los Angeles.
San Bernardino County is east of Los Angeles.
I know where it is, been past it.
Think about like going to Pasadena and keep hauling way, way, way east.
It's out there out by Ontario where they used to have a great racetrack and all of that.
East.
I don't know what I said.
What I what I apparently what I said is wrong.
See my whole home program in Milwaukee, nineteen million would people would be calling to correct that error, but I need to correct that error before east of Los Angeles.
Maybe I should just take some calls.
1-800-282-2882 is the open line Friday number and the number Monday through Thursday also.
Let's go to Livermore, California and Sean.
Sean, you're on the Rush Limbaugh program with Mark Belling.
Yeah, Mark, on your model, I'm I'm losing my house as well, and I've been fighting the bank.
I'm actually a lawsuit against them right now.
But my question or uh on your model, my point is this you said the mortgage was four hundred and they're only going to get two forty, correct?
Well, and that was just a hypothetical.
It could be it could be two forty.
Yeah, I it could be anything.
You know, that was just a hypothetical I used.
My point is the bank, if they take the property back anyway, is only going to get two forty from a new purchaser.
So why not give it to the person already in there?
Maybe he put down ten grand, twenty grand, whatever it was, and let him go on making his payment.
Because the bank's gonna go sell it.
They're gonna sell it for the two forty, and that's all they're gonna get anyway.
Well, maybe.
You're right.
That's all it's worth.
Maybe the bank maybe the bank has the ability to hang on, try to sell it for a larger price down the line, whatever, but I can turn that around.
Why if you took out a mortgage using and that let's just keep using this fake number of 400, why if you took out a mark mortgage for 400, should you be able to end up paying only 240 on it when your mortgage was 400?
How is that fair to all of the people who had the same 400 mortgage and made all their payments anyway, despite the fact that they went underwater?
Well, one point I would make, and this is probably the only point I can argue against that, is that the bank, if I'm not mistaken, I don't know exactly how it works, but aren't they paid off through insurance?
Don't they get insurance kickback?
Well loan default.
Kind of kind of, but I mean that whole thing went that whole thing went on tilt with the housing crisis.
I mean, one of the reasons why almost every bank in the United States has had a terrible stock price performance is that so many of them have sustained massive losses in the mortgage market.
I mean, when they do foreclose using the example you describe, end up getting ending getting a house that's worth sixty percent of what they made the loan for, they've taken major hits as well.
The point that I'm making is that eminent domain was something that was originally created to deal with necessities.
I mean, if you want to put in a freeway between San Antonio and Waco or whatever, you need to be able to not have one landowner simply say, I'm not gonna sell.
So you end up creating eminent domain which says that you pay him fair market value so you can move forward.
Well, then you've got people out there, well, let's let's take away people's property because these are shacky houses, and let's put in a shopping center.
That created the kilo case, uh, famous case that went to the United States Supreme Court, that Justice David Suter ruled the wrong way.
You remember Suter, the role model for John Roberts.
Now you've got out here in California, let's just take the power of eminent domain to intervene wrongly in the market just to bail out more people.
It's just not right, and it's not fair to anybody who does pay their bills.
And I'm not making a bad judgment on you because your house is underwater.
Anyone who bought, probably between two thousand five and two thousand seven, is close to underwater because we had a big downturn in the housing market.
But that stuff happens.
And if you end up having government artificially coming in and cutting deals like this, it's not going to work out well.
Plus, it's not right.
And I know you don't think it's right that you don't have to pay off your entire mortgage.
I know you'd love to be able to get the deal, but you don't think it's right, do you, Sean?
Because he's going to sell it to the neighbor down the street or the investor for the same exact price.
Well, he could sell it to you for the same exact price.
Hey, we're going to only get two forty, I tell you what.
You stay in, show good faith.
You know, you lost your job, maybe you lost a down payment.
I'm not even saying help anybody who didn't make a down payment.
If the guy made a down payment of 10 or 20%, whatever it was, he's got some skin in the game where he lost the money.
Well, a lot of them don't.
You know, we had all these stupid mortgages where people paid interest only, where they didn't have to put, you know, put down any kind of down payment at all.
There was a lot there was a lot of that.
You're saying, yeah, they can turn around and sell it to somebody for two forty.
Well, they could turn around and sell it to you, I suppose, for two hundred forty.
What we're trying to do is just pretend that we can do a do-over, and all of these people who ended up investing in the housing market and taking a loss shouldn't have to take a loss.
Well, all the people who bought in 1999 and got a huge profit, that's part of housing.
You do take some risks here.
Well, we're going to do this with the stock market the next time it goes down, just have everything be a do over.
I do disagree with you on this, but obviously, if you're in the situation where somebody's going to step in and hand you this kind of a bailout, you're probably going to say yes, thank you for the call, Sean.
You know, this notion of bailout, bailout, bailout.
It starts with things like TARP.
It starts with the credit markets really were melting down in 2008, and you needed some sort of government intervention or everything would have crashed, then it comes to, well, we need to bail out General Motors.
We bail out a lot of the banks.
The more the more bailing out you do, the greater the temptation is to keep bailing out everyone.
You can't have a free market work if you don't allow failure.
Because failure means that there's risk.
And risk is what creates opportunity.
It cuts two ways in this world.
If you have the opportunity to profit, you also have the opportunity to lose.
What President Obama has tried to do is tell everybody you're not allowed to succeed too much.
He's bashed every corporation that there is.
He hates every industry other than the green energy industry, and then turns around and wonders why we don't have any economic growth in this country.
Well, that Marxist philosophy of saying that you can't have any reward, turns around and has another side too, in which we're trying to shelter anyone from any risk at all.
I'll just come down on it this way.
It's not right, so we shouldn't do it.
Augusta, Georgia, open line Friday.
Steve, you're on the Rush Limbaugh program with Mark Belling.
Hey, how are you doing?
I'm great.
My comment on it is that I've had several friends in the in the and I'm in the real estate development business.
I've got several friends who are bankers who say the banks have got plenty of money to loan, and they really want to make loans.
The problem is they're scared of death of the regulators.
And I'm not, you know, I'm not smart enough to figure out what the whole is going on there, but all I know is that the government's in the way.
The government was on the wrong side of this before, and they're on the wrong side of it now.
When prices were exploding, Freddie Mack and Fannie Mae, largely because of pressure from the Democrats, the Community Reinvestment Act, and the decision to get the two government created entities, Freddie Mac and Fannie Mae, into the mortgage business to underwrite subprime loans because they wanted everybody to be able to get into a house.
And they did this at the worst possible time when housing was skyrocketing.
There were no lending standards then.
These loans of literally making the entire loan on the purchase, you know, no-down payment.
If the house is worth $400,000 using my example, the loan is for $400,000.
Not $320 where you're supposed to put something down, but $400.
People were going in with almost no credit whatsoever.
The lenders were fighting over one another, and Freddie Mack and Fannie Mae were underwriting all of these things.
You had the Titans on Wall Street.
They all wanted part of it because there weren't enough mortgages to go around.
They created all these derivatives, and nobody was saying anything.
The situation crashed.
And it crashed because it looked as though all the risk was being taken out because government was so called backing those mortgages.
Well now the prices have plummeted.
Interest rates are as low as mortgage rates are ever going to be, and we need people to be involved in housing.
When housing's a good buy, now the lenders are being told you've got to improve your loan portfolio.
You got the FDIC breathing down their necks, saying that you've got this person's better has a credit score of 800 or higher.
Make sure you get 15% down, 20% down.
The banks don't want to be stuck with any turkey foreclosures, and you've got the regulators telling them they can't make any loans.
We're doing exactly the opposite.
The time that you should be encouraging the lenders, you know, to loosen up is when nobody is buying when we need some activity.
Instead, we allowed it to be the wild west when prices were inflated when there was a bubble going on, and now when prices are more reasonable and housing is a great buy for Americans, the lenders are, you know, having a hard time making a loan other than to the most credit worthy person possible.
Everything is upside down.
So your analysis is right.
I think a lot of banks would like to make loans, but they can only make the perfect loan right now.
The perfect loan, whereas three or four years ago, they were making any terrible loan that you could imagine.
Thanks for the call.
It is uh time for me to take one of my breaks.
I don't like taking the breaks.
I enjoy talking on this program.
I meet old friends after talking on this show.
People will listen to me like in somewhere and say, You amounted to something apparently.
Always surprised about that.
My name is Mark Belling, it's Open Line Friday, and I'm sitting in for Rush.
Mark Belling's sitting in for Rush.
Dr. Walter Williams was here yesterday.
The rare rush guest host whose first name isn't Mark.
I I was traveling to get here to do the program, so I didn't hear it.
Did he have Thomas Sowell on the program?
Wow.
I mean, that's Walter Williams and Thomas Sewell.
I mean, that's like that's like Ollie Frazier.
I mean, that's two heavyweights.
That would have been that had to be great stuff.
And you know, and they're both at that point.
I've been following both of them forever.
They're both at that point.
They've always kind of been at this point, where they really, you know, how can I say this?
They're both old enough that they're laying it all out there right now.
They're not holding anything back, and they are making as much sense as any two people in America.
So that that that was good stuff.
I'm doing my best to keep up with that.
I'm gonna have Scott Walker, governor of Wisconsin in the third hour of the program.
We're gonna be caught talking in the second hour of the show about the latest Obama apology.
I'm gonna have Congress and Louis Gomer of Texas in there.
Somebody's got to talk about Serena Williams and why she's the only American that can play the game of tennis anymore.
We'll get to that also.
Uh the employment numbers are out today.
For those of you who didn't hear my introduction, the job gain is only 80,000.
The unemployment rate didn't budge at all.
It's still 8.2%.
If you want to still call this recovery, it's the most tepid one imaginable.
Usually when an economy recovers, the first months, the first year are the ones of great growth because you're comparing it to the miserable years beforehand.
There is no recovery, there is no plan, there's nothing going on economically in this country, and that's why I can't fathom the scenario for Obama being re-elected.
All this hand wringing that you see, all these this hand wringing you're hearing hearing right now from conservatives about the Romney campaign being screwed up.
Maybe here I I just see this as a referendum on Obama.
And you don't get re-elected with this kind of an economy and no reason for hope.
You know how sports fans are.
If the team isn't any good, they look at the draft, they look at who the prospects are, because sports fans are forever optimistic.
Wait till next Year.
There's a brighter future ahead.
There's no reason to think that 2013's going to be the one that gives us recovery summer.
I think people have given up on the notion that we're going to have a good economy with Obama.
And that's the biggest reason he's almost certain to lose.
Melbourne, Florida and Bruce, Bruce, it's your turn on the Rush Limbaugh program with Mark Belling.
Good morning, Martin.
It's a pleasure to talk with you.
Thank you.
I am a physician, and I have several concerns.
If you look currently, uh who's up in Washington, whether it's Beyond the Hill and our judicial system, what it reflects as far as I'm concerned is you really don't know who to trust.
It doesn't really matter what your political party affiliation is, what your ideologies are relating to this country.
That small core really is taking control of the game and is really shifting our country down the tubes.
What's more are you talking about?
Well put to a point on that is that right now, still unfortunately, 46% of our country is embracing what those individuals in that core are trying to do to our company, uh our country.
And that one percent that is really manipulating is banking on that core that will back them will perpetuate at least their positions for whatever their games are.
But who are you talking about?
I'm sorry, well, who are you talking about?
You're talking about this core that's doing that that's doing this.
Who do you mean?
I I think some of the politicians on all sides, I think you have a uh corporate backing the insurance company, for example, I'm a physician.
You don't hear them actually really complaining about Obamacare.
Why?
Because the 32 million people who are uninsured now are going to go ahead and tax the sixty-eight percent who are insured.
I agree with you.
There are always going to be people who try to work with whomever is in power.
I mean, that's just you know, triple simply self-survival.
The one you made one little comment though that I disagree with, in which you threw in ideology and lumped it in.
It doesn't matter what your ideology is, party affiliation and so on.
No, the ideology actually matters.
Ideas do matter, and when you do elect politicians who actually govern on an ideology, things can change.
I mentioned earlier in the hour the whole thing on stimulus.
That is an ideological argument.
The Keynesians believe that if government spends during an economic downturn, it will result in all this economic activity out there that will cause the economy to grow.
They're wrong.
It didn't work.
It just put our country on a path toward becoming Greece.
That's a matter of ideology.
likewise with health care.
There are some who believe that in health care what we have to do is have more market forces in play in which we have more competition among insurers and we have as many different types of health care plans as you can imagine so that the younger person who can't afford health insurance can maybe just go out and buy a Spartan plan with major medical and almost nothing else whereas people who feel the need for something else and have the resources to do so buy a greater plan.
That's allowing market forces to come into play.
I I do think ideology matters.
Now, when you get politicians, and the Republicans have been guilty of this, of who don't have an ideology, who are so moderate, who are so muddled that they don't stand for much of anything, it leads to the result that you describe.
But I I bring this up because I don't want to keep plugging my third hour of the show.
My own governor in Wisconsin, Scott Walker, came in with an ideology.
He came in with a specific plan that a lot of people disagreed with.
Well, you know what?
It worked.
And I don't think for a minute we can't dig ourselves out from underneath the mess that we're in if we choose the right programs.
But in the end it does come down to ideology.
A lot of Americans out there don't have an ideology.
They vote for the person who they like, or the person who's most eloquent, or the person who inspires them.
And you're going to get some good ones that way, Reagan, or you're going to get some bad ones.
Obama.
But in the end, it does come down to ideas to simply say, well, everybody's in it and they're all in it for themselves and so on.
Still, some stuff works, and some other stuff doesn't.
The stuff that Obama believes in doesn't work.
It's the reason that Europe's in the mess that it's in, and it's the reason he's taking us in that direction.
There have been different ideologies throughout our country's history.
We've embraced free market capitalism.
It's how we got to where we were before he became The president.
The ideology of Reagan worked, so ideas do still matter.
Thank you for the call.
Hi, Mark Belling sitting in for rush.
Hi, Mark Belling sitting in for rush.
You buy a house, you buy badly, you buy at the top, you lose money, and you look for the government to bail you out.
What does that make?
It makes you a welfare recipient.
But we've we're turning the entire country into welfare recipients.
Everybody's getting one type of handout or another.
That doesn't work.
It can't go on forever.
We're learning that right now.
In the meantime, the Associated Press Economy Survey is out the survey the top economists, and they say the national unemployment rate is expected to stay above 6% for at least four more years.
The economists also say the growth rate is likely to remain under 2.5% each year through at least 2016.
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