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July 11, 2012 - Rush Limbaugh Program
36:28
July 11, 2012, Wednesday, Hour #2
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Hi folks, greetings and welcome back.
Thrill seekers, music lovers, conversationalists all across the fruited plain rush limb boss serving humanity, executing assigned host duties flawlessly, zero mistakes so far, and there won't be any.
Telephone number 800-282-2882.
If you want to be on the program, the email address LRushbo at EIBnet.com.
In this new ABC Washington Post poll, former Massachusetts Governor Mitt Romney has extended his lead among independents to 14 points.
It's 53 to 39.
53-39 Romney leading Obama independence.
Two months ago, a politico George Washington University Battleground poll found that Romney had a 10-point lead among independent voters.
And then there's the Quinnipiac University poll.
It says that Obama leads Romney 2 to 1 with single women.
And not only that, buried in this poll, Romney leads 54 to 35 among married men, seven-point advantage among married women.
Obama leads 47 to 38 among single men.
Two to one single women.
It's no wonder Obama and the Dems are doing everything they can to destroy marriage.
Married men and women are going for Romney in droves.
Single men and women are going for Obama.
So it makes total sense that Obama would want to destroy marriage.
This ABC Washington Post poll headline, Obama has problems with independent voters.
How can Obama even be tied?
What I want to know is, and it goes to what Artur Davis told me yesterday that people that count, entrepreneurs not home between 530 and 7.
Dick Morris says that pollsters are not reaching people that vote.
They're calling people that don't vote.
Ergo, they're registered voters rather than likely voters.
But if the polls are made up of Republicans and Independents and Democrats and Obama loses and has losing independence, how come Obama's always tied her head overall in these polls?
And the answer is, is because that's where they want him to be.
This ABC new Washington Post poll has Obama and Romney 47%, and it's identical to what it was two months ago in May.
Now that's with Romney leading independents 14%.
These people tell us independents, the great unwashed, great undecided, that's where all the for every election is won or lost.
And it hasn't gotten worse since May.
It's gotten dramatically better, so Obama wouldn't lose any support.
CNN, large marriage gap in the race for the White House, according to a new national poll, a Quinnipiac University survey released Wednesday.
That's today, for those of you in Rio Linda, indicates that Obama holds a 54-34 lead over Romney among non-married voters.
That's a 20-point lead.
Now, why wouldn't that be?
Why would Obama be up 20 among non-married voters?
While Romney leads 51-38 among married voters.
Obama's lead among women fuels his campaign as the marriage gap is actually larger and more telling, said Peter Brown, the assistant director of the Quinnipiac poll.
So they're obviously going to think the war on women is working, this mythical war on women.
Have you heard about Scranton, Pennsylvania?
Here we go again.
First you had, what was it?
Right.
No, no, no, no, no.
Stockton.
It's Stockton.
Yes, when I was in Sacramento, the PBS station there also covered the Stockton market.
And you know how the PBS people talk.
They give the call letters of the station at the top of the R for the ID.
And I forget what it was.
You know, WBSS, whatever, Sacramento, Stockton.
Now, you and I would say WBSS, Sacramento, Stockton.
No, no, no.
WBSS, Sacramento, Stockton.
All right, Stockton.
Anyway, Stockton is bankrupt.
And now Scranton, Pennsylvania, found itself down to its last $5,000 in the bank last week.
Democrat mayor of Scranton took a highly unusual step.
He unilaterally cut the pay of city workers, including the cops, the firefighters, even himself, to the minimum wage, $7.25 an hour.
And now the unions are fighting for their promised pay in court.
John J. Judge IV, a 10-year veteran firefighter who is president of the Scranton local, the firefighters union.
So it'd be John J. Judge IV.
At teenagers, this is him.
This is John J. Judge IV speaking.
The teenagers who work at the ice cream stand not far from my house, they make $8.50 an hour.
That's a dollar and a quarter more than I now make.
Scranton finds itself in a position that is unusually even in this era of widespread budget pain, nearly run out of money, and so far nobody's willing to lend it anymore.
As the city has fallen behind on its bills, it's received warning letters from the company that sells it gasoline for its police cars and fire trucks.
The landfill where it dumps its garbage, even the water company threatened to cut off service according to a lawsuit that the mayor, Christopher Doherty, filed against Scranton City Council last month.
A majority on the city council turned Scranton into a financial pariah this spring by refusing to honor a guarantee that the city had placed on the revenue bonds issued by its parking authority.
So the credit rating was hit by not guaranteeing bonds.
No lender is willing to step up.
So the Democrat mayor doesn't have any money.
And so he's cut everybody back to the minimum wage.
And so everybody's suing.
No, no, no, I'm not laughing at it.
I'm laughing at Snerdley's in there applauding.
Mr. Doherty, the mayor who did not return calls seeking comment, told a Times Tribune of Scranton, the newspaper last week, that the city couldn't afford to make its payroll.
What am I going to pay them with?
And that is exactly right.
What am I going to pay them with?
They can't run a deficit.
That's the nobody will lend them the money.
What is a deficit but borrowed money?
Nobody will lend them any.
There are no IOUs, and they, unlike Obama, cannot print any money.
Scranton, Pennsylvania, has been in control of Democrats since forever.
And the mayor there has been pushing for insane tax increase.
Where's Obama on this?
He doesn't give a rat's rear end.
it's Bush's fault.
San Bernardino, California yesterday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation has become so dire that it couldn't cover payroll through the summer.
The unexpected vote came at the suggestion of the interim city manager who said the city faces a $46 million deficit and depleted coffers.
So Scranton and Stochton are spreading.
Now to San Bernardino, can't cover salaries through the summer.
Tip of the iceberg, it's the tip of the iceberg.
These cities have been on spending sprees.
They have been promising and committing money that they knew they weren't going to have.
Hope and change, bankruptcy.
Folks, this is government.
This is what government does when people have the opportunity to spend money that isn't theirs.
Eleanor Clift, what is this?
This is, what's the website?
It didn't print.
I don't know where she writes anymore.
Oh, Newsweek.
Eleanor Clift.
Well, she's always been the Newsweek.
Eleanor Clift is still around.
That's right.
And she's mad.
Well, not mad.
She's puzzled why Obama won't hype his health care plan now that it's been upheld.
She's upset that he won't go out there and sell it.
Headline, why won't Obama sell his health care plan?
Now that's been upheld.
With the House ready to symbolically slay the law again and a new poll showing more public support, some Democrats are urging Obama to make the case for his health care reform.
You note she has a point.
Obama won't go anywhere near it.
He won't talk about it because it's a tax.
It is now full-fledged tax.
He doesn't want to talk about it.
He doesn't want the details of the program talked about.
He doesn't want the rationing.
He doesn't want the penalty.
Does want the fine, doesn't want the taxes, doesn't want the death panels.
He doesn't want any of that discussed.
And Eleanor Clift understands it.
It's a big win.
Go out there and beat your chest on this.
She's puzzled.
She doesn't know why that Obama won't go out there and claim victory.
See, the Supreme Court did a wonderful thing out there.
And then here is an editorial in the Minneapolis Star Tribune.
Obama should call for new stimulus and a greater payroll tax cut.
So all of these Democrats from all directions are puzzled at what Obama is or isn't doing.
And he's getting all of this advice.
And all of it would be devastating to Obama.
Okay, I got to take a break.
We'll come back.
And unlike yesterday, we will get to your calls in the first half hour of the second hour, which is next.
Hey, really quickly, before we go to the phones, on the extension of the Bush tax cuts, there may be something that you don't know.
The popular understanding of Obama extending a Bush tax cuts is that they are for people who make less. than $250,000.
And most people think that that means if you make $250,000 or more, that you are not going to benefit from the extension of the Bush tax rates.
By the way, they've been in there 11 years.
They're not tax cuts anymore.
They are the rates.
They are the current rates in tax law.
Keep calling these things tax cuts is really a huge mistake, not only in choice of words, but fact.
Long since passed when they were tax cuts.
They're now the law of the land.
Little known fact is, and I don't know what impact this would have on people if they figured it out, but everybody will receive a tax cut, even the rich, on the first $250,000 they earn.
Everybody will.
Obama and the Democrats want people to believe that if you earn $250,000 or more, you don't benefit from the extension of the rates, but you will on the first $250,000 you earn.
The first $250,000 you earn will be treated as though that's all you earn.
You'll get the same extension of Bush tax rate on those dollars as anybody who makes less than $250.
Now, if you make $5 or $10 million, it's not a whole lot of money, the Bush tax rate applying to your first $250, but it still nevertheless will.
So the rich will benefit from Obama's extension.
Obama doesn't want you to know it or want you to think it, and the media probably doesn't understand it either.
And even if they did, they wouldn't report it because it would not look good for Obama.
Okay, Chance in Salt Lake City, you're first here, and great to have you on the EIB network.
Hello.
Hey, thank you so much, Rush.
I'm a huge fan of the show, and I just have two quick points to get to.
The first one is you said Romney wasn't directly speaking to those people in the audience, and I disagree with that because it doesn't matter who was in the audience, whether African-American women, whites, Asians, Hispanics, anyone in that audience, the message that he delivered was directly to them because it was about free enterprise and capitalism.
The issue wasn't the message he was given.
It was how it was received.
And that's a huge problem most people have, is the fact that they don't understand capitalism.
And so when it's better understood, the message Romney gave was for anybody and everybody.
Yeah, but no, my only point was that I don't think Romney tailored a message only for people in that room.
All I mean is he took the occasion of this speech to give a total policy speech on issues that apply to everybody because he knew the media was going to be there covering it.
The TV cameras, the networks would be covering it, some of them.
So he took advantage of this opportunity to get his entire message out, not one tailored to that particular audience.
That's all I meant.
Okay.
All right.
I just, you know, I mean, I just, it's frustrating because huge fan of capitalism.
I myself am not wealthy, but I look at the rich and I don't envy them, but I strive to become like them.
I don't want their money.
I want to make my own money and I see what they have and I want a lot of people think.
Exactly.
You are the epitome of what I said the other day.
We used to live, folks.
We used to live in a country where people wanted to be millionaires.
We used to live in a country where people wanted to improve their standard of living.
They wanted to earn more.
And instead, today we live in a country where people want to get a government check.
Too many people do.
But it's not just that.
The people that do want to become millionaires, the people that do want via work to improve their standard of living are said to be bad people, out of touch.
They're basically thieves.
The message from Obama and the Democrat Party is, you said you like capitalism.
You know what they're telling people capitalism is?
It's theft.
Capitalism is the rich stealing from the middle class and the poor.
That's what profit is.
Profit is theft.
It's exorbitant.
It's obscene.
And it's ripping people off.
So the pursuit of wealth is a bad and B theft.
And the latter, by the way, pursuing a government check, that's said to be good.
That's equality.
That's fairness.
This is where Obama and the left have taken us.
What you said your view of your life, your future is that used to be part of the definition of the American dream for crying out loud.
And so today, the American dream, as everybody has understood it, is now bad.
It's theft.
It's greed.
It's selfishness.
And this is a it's it's it's a problem.
I appreciate your call.
Dale in Ventura, California, you're next.
Great to have you on the EIB network.
Hi.
Rush, pleasure to talk to you again.
Thank you, sir.
My comment is regarding the allegations of the offshore accounts with Romney and the profit investments.
If most of us look at our 401k, you'll find more than likely that you have investments offshore just like he does.
And when you profit from it and you take a disbursement, you will claim it on your taxes just like he did.
So their argument is no good.
Well, that's exactly how it is that Debbie Blabbermouth Schultz has $15,000 invested in an offshore investment of some kind as a result of her 401k.
But see, what they would tell you the difference is, Dale, well, Debbie Blabbermouth Schultz doesn't manage her own money.
She's not trying to screw the United States.
She's not trying to hide any income.
But Romney, as a rich Republican, is seeking out these havens.
He is seeking out these places to hide his money from the poor and the middle class and from Uncle Sam.
Debbie Blabbermouth Schultz, you know, her evil, greedy investment manager that's doing she didn't know.
Hey, man, a legend, a way of life.
Learn it.
Love it.
Live it.
Yeah, this notion about Romney and rich people being greedy.
People that work for, remind me again, why is being successful as a result of your own hard work and education?
Why is that a negative?
Why is that greedy?
It's like I said earlier this week, if you want to know, if you want greedy is expecting somebody else to pay for your health care.
Greedy is expecting somebody else to buy your car.
Greedy is expecting somebody else to pay for your food stamp.
is your average Democrat voter!
I know, nobody gets rich by themselves!
Elizabeth Warren, the factory owner, we paved the roads, we built the utilities, we made it possible for you to get rich, all of that.
Now, I want to go back this Romney, Grand Cayman stuff offshore, because it's all perception.
You know, Romney has all of his finances in a blind trust since 2003.
He has no say-so over where his money is invested.
Debbie Blabbermouth Schultz does.
She can be in total charge of her 401k and where the money goes and where it doesn't go.
Romney cannot do that.
But you see, the perception is the perception of the rich is that they are in total control of everything.
They know every secret.
They know every trick.
They know every way to skirt the law just by being rich.
Because the way it's been structured by the left for 50 years is that's how you got there.
You got there by cheating.
You got there by stealing.
You got there by skirting the law.
You got rich by taking advantage of other people.
You didn't get there because of your hard work.
And so only these select few who know how to game the system have offshore accounts.
And even if you tell them, well, Romney's money's in a blind trust.
Yeah, that's what they say.
But you know, Romney tells his people where to put the money.
He's a rich guy.
He doesn't trust it to anybody else.
This is just the perception.
Well, the reality is he can't by law have anything to say about where the money goes.
It's in a blind trust.
On the other hand, Debbie Blabbermouth Schultz has a 401k that invests in a Swiss bank.
And here she's out on television talking about Romney having a Swiss bank account for her 401k invests in a Swiss bank, as well as British banks and even a Danish drug company.
So Debbie Blabbermouth Schultz has a 401k that is invested with big pharmaceutical.
And since it's a 401k and not a blind trust, there's nothing stopping Debbie Blabbermouth Schultz from knowing about these overseas investments and from removing her funds from them if she wants.
She's also out there demanding that since Romney's running for president, he release all of his tax returns.
She will not.
Debbie Blabbermouth Schultz refuses to disclose her own tax returns, even while she's demanding that Romney release more of his, despite the fact that Romney has released as many returns as anybody else has.
Now, here's what she said on, I think it was Fox News Sunday.
She said, I'd really like to see Mitt Romney release more than one year of tax records because there's been disturbing reports recently.
He's got a Bermuda corporation, a secretive Bermuda corporation that no one knows anything about, investments in the Caymans, investments in a Swiss bank account.
Americans need to ask themselves, why does an American businessman need a Swiss bank account and secretive investments like that?
It's just a thought that I like to leave people with.
And meanwhile, she's got money, although it's smaller amounts, in all of these places.
But for a large portion of my life, On the left, the Democrat Party, and just a lot of middle-class people, nobody got rich by earning it.
You see, there's a it's it is rare that the kind of wealth that we're talking about, it really is rare.
For example, this statistic still holds, it's pretty close to this.
People don't believe this until they have it shown to them or look it up themselves.
If you make $60,000 a year in this country, you're in the top 10%.
You are, if your family income is 60 grand or you're in the top, it really hasn't changed much.
Now, that may, with all the unemployment, I think that's obviously been some statistical change in that.
But the kind of wealth that these people criticize is really rare.
Most people can only relate to income via wages, and they just don't see people being paid other than athletes and entertainers.
They don't see people being paid millions of dollars.
They know that they will never be paid millions.
Nobody is going to have a salary unless you're an athlete or a movie star of a million dollars.
So they say, Well, how do these people get it then?
Well, they own a business.
How many people do you know who think, how many, you small business people, let me ask you, how many people in the community where you own your small business think you are rolling in dough simply because you own a business?
I would venture to say that more people than you'd believe think you're rolling in it and that you just are keeping most of it rather than hiring more people or giving your existing employees raises.
And this perception has been fueled and furthered by the American left, the Democrat Party et al., for over 50 years, practically from the beginning of time.
It's just human nature.
So when you combine the fact that people can't relate to being paid in the form of wages, the kind of money that the wealthy have, and you couple that with their perception that owning a business equals rolling in dough, and then the more dough you have, you have cut corners to get it.
You really haven't worked hard.
How many people, isn't this the case with union people?
They think they're the backbone of America.
They think they're the ones, the only ones working hard, and they're getting shafted.
They ought to be the ones being paid millions of dollars, not the boss, not the investor, not the owner, not the guy who's taking the risk.
And that has drifted down to affect a lot of people in the population.
Now, the cherry on top of this little ice cream cone is the rich will never defend themselves.
There's nothing to be gained doing it.
The rich will never speak out.
Those that do are also a rarity.
And look at those who do.
They're considered braggarts, rude, arrogant.
If they talk about their wealth, if they brag about how they got it.
And so, whereas it used to be in this, we really used to have a country where this is what people aspired to, and they thought it was hard work that got them there.
More and more people don't think hard work gets, acquires or leads to the acquisition of wealth, the creation of wealth.
They think there are corners cut, that there's some kind of cheating going on.
And that's why they're very open to the idea of having these people punished with higher taxes.
It's that simple.
So the wealthy are not going to defend themselves, and they're not going to take advantage of the opportunity they've got to educate people how they can also do it themselves.
The Soviet Union taught people that everybody who had money had to have stolen it.
All the Soviet leaders went to the ends of the earth to hide their fabulous wealth.
And it's why all of the trappings of their wealth were out in the woods outside Moscow and outside the cities where the other people couldn't get there.
And that mentality is still alive and well in Russia today.
And that mentality is alive and well through much of liberalism.
That's probably one of the things that drives and motivates Occupy Wall Street, for example.
Let me take a brief time out and we'll come back and continue more of your phone calls after this.
By the way, folks, according to ABC News, which is interesting that they are the source for this, Valerie Jarrett, who is Obama's probably number one advisor, her financial disclosure form filed on May 4th lists a line of credit from a Bermuda insurance company valued between $100,000, $250,000 a year.
Valerie Jarrett has an offshore bank account in a line of credit in Bermuda.
You people of Rio Linda, do you know what a line of credit is?
It's between $100,000 and $250,000.
Let's say it's $250,000.
It means there's a pool of money.
If she needs $5,000, she can go get it and draw down from that.
She can borrow it.
And in order to get a line of credit, you have to prove to the bank you're good for it in any number of ways and have appropriate collateral and all kinds of things.
Even if you work for Obama, you have to do this.
So Obama's number one advisors got a loan essentially from a Bermuda insurance company, bank.
Snirdly, I've been thinking about something.
There's a story I had in the stack.
I didn't get to this yesterday.
It's a Reuters story.
Romney may name running mate early in election race.
I'm just, there have been names floating on this.
There's Bob Portman in Ohio.
There's Marco Rubio, who continually says it isn't going to be him.
Bobby Jindal, Governor Christie, who may be talking himself out of it if he was in there, but he's openly said that he would take it.
Well, he's openly said that he would seriously consider it or would seriously consider it.
There are a number of names.
Tim Polenti is considered one of the frontrunners.
So today, Romney goes to the NAA LCP convention.
One of the names that is also on this list that shows up now and then, but not in every story about it, is Condoleezza Rice.
Now, I don't have any idea who Romney's going to choose.
But when I saw this story yesterday, Romney may name running mate early in election race.
Why?
This is awfully early to name a VP.
And Reuters, of course, the headline says may name, but it's a fairly lengthy story about what the advantages to doing so could be, and they list the people that are possible.
It mentions here that Romney is considering whether to name a woman, so it's his wife and to the team of people that would select a running mate.
And I've seen Condoleezza Rice's name mentioned off and on.
And here goes Romney, the NAA LCP.
What are the odds that he would pick Condoleezza Rice next week coming off of this speech of the NAACP?
You think zero?
Why?
Well, they all say they'll never do it.
They all say they'll never do it.
Every one of these people is saying that, well, except Chris Christie.
Paul Ryan's name is mentioned, and a lot of people look favorably at Paul.
But Rubio, for example, there's no way I'm going to, they all say this.
But then if they get the call, then this sense of duty overtakes them.
What if I got the call?
I'd ask, are you sane?
You know, my answer would be, I'm not going to take the pay cut.
But I'm just not oriented.
I'm not diplomatic enough to be in government in any way, shape, manner, or form.
You remember who was the head of Obama's selection team?
It was Caroline Kennedy.
Yeah, it was.
She was right in there.
But you watch the reaction that Romney will get no matter who he picks.
And no matter who he picks, the criticism is going to be profound.
Of course, when Obama chose Biden, there was no criticism.
He chose a lunatic.
He chose a plagiarist.
And now the guy Biden's out there telling sex jokes.
Did you hear about this?
I think we've got it in the stack here.
Obama went, he was talking, Biden.
Who was he talking to?
Was it an Hispanic group?
He was talking to some group of people about how small the house was where he grew up and how thin the walls were and how his parents managed to get away with it nevertheless.
I kid you not.
Honestly, it was La Raza.
Biden was talking to La Raza.
He said all the ingredients.
Small room, thin walls.
You know, just like you.
We do have a soundbite, but somebody tell me what number it is.
I know it's, it's, yeah, number, here it is.
This is yesterday in Las Vegas at the National Council of La Raza luncheon.
I was raised in a no Heracio Alger story, a normal story.
A three-bedroom house, split level, and a new development in the mid-50s in Delaware.
But those walls are awful thin.
I wonder how the hell my parents did it, but that's a different story.
I know you don't know anything about that.
I know none of you and your families have done the same thing.
So here he is talking to the Hispanics.
They say, look, and I grew up just like you did, a whole bunch of people in a cheap house with thin walls.
And I don't know how my parents did it.
I know none of you and your family's done the same thing.
Trying to share a commonality with them.
Well, snurdly, a lot of people think about their parents doing it and they can't visualize it, but nobody talks about it.
Certainly not vice presidents.
They don't go to groups, particularly La Razza.
Yeah, yeah, yeah.
Remember the car you came here?
Well, I just like the house you lived in.
Well, it was the same for me.
And I said, all of us packed in there like sardines, and the walls are very thin.
And I don't know how my parents got away with it.
You know, if Romney chooses Connollies Rice, we're not going to get anything like that from her out of vice president.
I was at the Horatio Alger dinner where she was inducted into the society a couple years ago.
I got a quick time out here, folks.
Don't go away.
It's the Fastest Three Hours in Media.
Two of them are now in the can on the way over to the Limbaugh Broadcast Museum.
The virtual museum, by the way, is up and running at rushlimbaugh.com.
You have to see it if you haven't.
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