Welcome to today's edition of the Rush 247 Podcast.
And greetings to you, thrill seekers, music lovers all across the fruited plane.
Great to have you here.
It's yet another exciting three hours of broadcast excellence, hosted by me, your harmless, lovable, charming little fuzzball, L Rushbow, here behind the golden EIB microphone.
And the telephone number if you want to be on the program today, 800-282-288-2, the email address, L Rushbow at EIBNet.com.
And by the way, I'm not going to be here tomorrow, ladies and gentlemen.
A rare, really, really rare day off.
And in my stead, I don't even know.
Who is it?
Does anybody know who is going to be tomorrow?
Mark Stein will be here.
As a by the way, thanks in advance to Mark Stein for coming in.
And as a result of that, we're going to do open line Friday on Thursday today.
So that means that for callers, Friday rules apply.
And basically that means that whatever you want to talk about is fine.
It doesn't have to be what I'm interested in or what I care about.
I'll fake it if you bring something up that uh does not uh tickle my innards, as it were.
Now, yesterday afternoon I told you I had a super secret meeting.
It wasn't really all that secret.
It's just, you know, I can't tell people in advance where I'm going to go, otherwise there are mobs and all kinds of things.
I have to I have to I only tell you that I've been someplace afterwards.
I flew over to Orlando after the program, yes.
This is the week for the National Association of Broadcasters Convention.
And this is the twenty-fifth anniversary year of this program.
So we threw the EIB network through a cocktail party and reception for all of our affiliate radio stations, stations that carry the program.
And it was uh it was really nice.
It was it was from 5 to 7 p.m.
And I just want to share with you what I told them.
These are the people that own and operate or manage or uh and or run the uh the radio stations.
And some of them had family with them, and some of them had some of them had friends.
But I stood up, I didn't speak to them long, uh, five or seven minutes, but recounted some of the early days, what I call the rat radio days, where I you couldn't keep me out of the radio station, and then it was just it was all consuming and uh you know how things change, but I said the one thing that hasn't changed is uh my devotion to you and and my appreciation for all of you.
And I said, I've I've been blessed.
My life has been um uh truly truly blessed, but none of what I've been able to experience would have happened had it not been for the people on these radio stations that carry the program.
They're the ones that make it all possible uh for everything else to happen.
And boy, uh as I as I acknowledge, and as they laughed affectionately when I said I've put them through some really stressful times with a couple or three little events over the course of 25 years, and they've hung in there.
They have never wavered.
They they've they've hung in and and I've always known they would.
And that gives me can't tell you the kind of confidence that that uh gives to me or inspires in me, and it also guarantees stability.
Uh you you all know where this radio show is gonna be each and every day.
And I uh a number of you have over the course of the many years here, asked me why the program's not on satellite, especially when Sirius and XM were new.
Many of you wanted to know why, and it's because of the affiliates.
Uh I I promised them early on and in the early onset days of satellite that I would not cannibalize them.
Uh and and make the program and some people thought that was silly because the um course the the the smart business decision would be to Put the radio show where the vast majority of people can hear it.
And I've always believed that if the content is there, people will go wherever they have to to get it.
Even if it's two tin cans and a string.
Doesn't matter.
AMFM satellite, wherever it is, if people like it, it'll go there.
And my job has always been to keep this content at least at your level of expectation or greater.
And I these people have they took 25 years ago, yeah, a lot of groundsman covered, but they took a real risk when this program started.
And they've hung in through all these times.
So I just reminded them of this.
And I wanted to pass this on to you and tell you because I have the same degree of appreciation for all of you that I do for our local affiliates.
And I I just as a it was a great little time.
Two hours, it wasn't much.
Um, but they're there for their convention, and I I had an opportunity to once again express my uh my gratitude to them.
So pictures, that's all I did was every pictures, I mean, pictures everywhere.
I mean, I don't have any, but we had an official photographer.
He's taking two pictures of every pose.
So I'm sure what?
They'd be on the website or it doesn't matter how I got there.
I I just I got there in the most efficient way possible.
And it was great.
I was I was home, uh I was home by 8.30.
The cocktail party is five to seven.
I got home by 8.30, literally walked in the front door.
Well, the gate.
I walked in the gate about 8.30 and finally made it to the front door about a quarter of nine.
Long driveway.
Um it was it's amazing to me the things that people are interested in.
How did I get there?
Well, I got there the most efficient way that I know how.
At any rate, um, again, open line Friday on Thursday today, and 800 282-2882 is the number.
This priming of the pump that Bernanke continues to do, uh there are a number of things that puzzle me by it.
But the the first thing is Bernanke and the Fed, I mean, the report that they gave yesterday before announcing they're going to continue all of this printing and money was that the economy is unstable.
That the economy is actually weak.
And yet everywhere I look in the media, I keep hearing about a roaring recovery.
I keep hearing about why aren't there any new jobs?
Because look at the economy's coming back and profits are soaring.
We just had that story in a drive-by media yesterday about how wonderful the economy is doing.
Here comes the chairman of Federal Reserves.
Oh no, it's not.
And if if we don't continue to pump a trillion dollars a year into it, it's gonna plunge.
So this economy is being artificially propped up.
Now, here's the thing about this, folks.
Everything in life can be habit forming.
So the Federal Reserve is essentially printing a million dollars.
Now, technically, every year, they're not a trillion dollars, and they are not adding this to the money supply.
This money is it's a very complicated, circuitous thing to try to explain.
It ends up in the stock market for all intents and purposes.
And as such, you know, gas prices are rising, the dollar is tanking, that means higher inflation.
Uh there are some consumer benefits to this, though.
Mortgage rates are going to come down a little bit because because interest rates are being depressed as well.
Interest rates are coming down.
Uh because people are invested, like in their 401k, if you have any left in your 401k, but whatever's left in your 401k is invested in the stock market.
Stock market is doing quite well because of all of this.
So your 401k is probably doing okay.
And that is the kind of thing that if the general population learns, oh man, I kind of love this QE infinity, whatever it is.
But the here's the thing.
It's artificial.
There isn't any real growth that is behind all of this increase in the money supply.
It is inflationary by definition.
Yeah, your 401k would be doing much better if there's a genuine market boom and a genuine consumer boom and a genuine economic boom.
But we don't have the fundamentals in place for that.
There's no way to have a genuine boom of anything under liberal economic policy.
It just isn't possible.
And this is not me speaking.
This is history.
Liberal economics, you look in Europe, all of these, these socialist democracies in Western Europe are just starting to turn away from their welfare state.
Holland was the was the most recent one.
But it's starting to happen all over Western Europe, which of course many liberals think is uh heaven on earth.
But they can't afford it anymore.
They don't have central banks where they can just keep pumping artificial money that doesn't really exist until they print it into their into their economy like we can do.
But we can't do it forever.
At some point this has to stop, and that's I don't know that you want to be around when that happens.
Look at it this way.
Whoever is benefiting from this, I don't care who they are, it doesn't matter.
It's just for the example.
Whoever is benefiting from a trillion dollars a year is going to get very used to that.
They're going to grow very accustomed to it, just like any welfare recipient does, just like any living organism that becomes totally dependent.
But at some point it has to stop, doesn't it?
At some point we have to stop printing this money.
At some point, somebody's going to get elected.
Somebody's going to be at the Federal Reserve is going to realize that this is a disaster in the making and can't continue.
And when that happens, for example, when these beneficiaries of this primarily are people on Wall Street, you saw just, I think last week, a little bit of fear and near panic when it was floated that Lawrence Summers might end up being a new chairman of Fed.
He doesn't like all of this trillion dollar a year quantitative easing.
He doesn't like all this spending, and he talked about if he was chairman, he would he would stop it.
And the market reacted as it would be expected to.
It plummeted until somebody floated the news that Summers wasn't going to be the guy, and then Summers announced he wasn't going to be the guy, and then Bernanke came out yesterday and said, Oh, don't worry about it, we're going to keep going.
And market right back up.
Some point it has to stop.
But it's all artificial.
I think one way of looking at this is that Ben Bernanke, for whatever reason, who knows, could be political, could be his own view of economics, is single-handedly propping up the Obama administration, which is otherwise an economic disaster and failure.
Single-handedly propping it up by injecting a trillion dollars a year into a sector of the economy.
And then the trickle-down theory comes into play as they expect that money to reveal itself, such as 401k accounts.
If yours is invested in the market, your 401k is going to go up a little bit because of this.
And mortgage rates are going to come down because interest rates.
But on the other hand, your wages aren't going up and the cost of living is going up, and gasoline prices with this are never going to come down because of the inflationary effect of it.
So it's I don't know.
It's all part of this, nothing seems real anymore.
There doesn't seem to be any foundation, solid foundation supporting anything.
And now what was it?
The uh is it the president of Brazil Who has canceled a White House visit?
Do you know the last time that happened?
The last time a world power, semi of any size, canceled a visit with the United States.
Usually when this happens is we cancel.
This it doesn't happen.
It doesn't happen like this.
This is unprecedented.
And what that means is that we aren't what we used to be in the eyes of the world.
And part of it, and that's all Obama foreign policy.
Pure and simple all.
There is a just a downward spiral that's taking place here that's being artificially propped up, and yeah, it's working for a while, but at some point it's gotta stop, and then what?
Nobody knows.
But the odds are that it's not going to be pretty.
I mean, these are already the super rich who are largely the beneficiaries of all this spending.
Then the income gap continues to widen, the rich are getting richer, wonder why.
Why would that be?
Why would the rich be getting richer when the Fed's pumping a trillion dollars here in the stock market?
Makes total sense, right?
And here we are with a Democrat regime, the Democrat Party who believes it once made people believe that they're gonna fix this income gap.
The Democrat Party, they stand for the little guy.
They're gonna make sure the rich get theirs.
They're gonna make sure these rich people get their tax increase.
They're gonna make sure these rich people get punished because the rich people are only rich because they've taken everything from the poor, right?
So under five years of Obama, the rich are getting richer, and that gap between the top one percent and everybody else is wider than ever.
And it only stands to reason.
If we're pumping a trillion dollars a year into the place where the rich fiddle around with their money, what do you think is gonna happen?
Anyway.
This next story has a one-word reaction.
One word analysis, and that is dictatorship.
The labor department announced yesterday that federal laws governing private employee pension and related benefit plans will be interpreted to recognize all legal marriages of same-sex couples regardless where the couple is living currently.
This means that the Obama administration is now going to recognize all same-sex married couples, regardless of state law.
They're gonna do this under the private pension pan law, pension plan law.
The decision to utilize a place of celebration, quote unquote.
That's what it's called, place of celebration rule, rather than place of domicile rule, follows the lead set by the Treasury Department in recognizing marriages for purposes of the tax code, so long as they were legal in the state where the marriage was granted.
In part, the guidance issued with the labor department about Secretary Thomas Perez's interpretation of the employee retirement income security act of 1974 and related regulations on Wednesday states this.
Following consultation with the Department of Justice, the Department of the Treasury and other appropriate federal executive agencies, the Department of Labor is issuing this technical release to provide guidance to employee benefit plans,
plan sponsors, plan fiduciaries, and planned participants and beneficiaries on the meaning of spouse and marriage, as these terms appear in the provisions of the employee retirement income security act of 1974 and the Internal Revenue Code that the department interprets in general.
The term spouse will be read to refer to any Individuals lawfully married under any state law, including individuals married to a person of the same sex who were legally married in a state that recognizes.
Yeah, yeah, yeah.
I gotta take a break.
Anyway, I'll explain this.
We come back.
Okay, so basically what's happened here is that via pension plans, the labor department, the Obama administration has found a way to recognize same-sex marriage in every state.
This is this is dictatorship.
Just last June, the Supreme Court throws out part of the Defense of Marriage Act.
The federal bureaucracy expands on the ruling as Perez at labor is now done, and there's going to be a lot more, and the public has no say in any of this.
The courts and the bureaucracy are off and running.
Voting doesn't matter, Congress doesn't matter, the states don't matter.
Whatever the federal government wants to do, they're going to find some nook and cranny way of getting it done.
This is this is folks, dictatorship is the natural reaction anybody would have to this.
Okay, so how can they do this?
How can they do this?
Well, here's the route.
And it's, as I said, the guidance, and that means the the order from the labor department to recognize all same-sex marriages nationally.
The guidance is part of the federal government's response, the Obama administration's response to the Supreme Court ruling in June that struck down the Defense of Marriage Act ban on recognizing same-sex couples' marriages.
You remember that maybe.
Supreme Court struck down the Defense of Marriage Act ban on recognizing same-sex couples' marriages.
It was greeted with great celebration.
And so the Supreme Court throws out that part of the Defense of Marriage Act.
Now the Federal Bureaucracy expands on the Supreme Court ruling.
Without Congress involved, without the American people voting, the labor secretary, Mr. Perez, simply says, okay, well, so the Supreme Court struck down, and we're just, we're just going to now expand it to have it include what we want it to include.
So you have no say.
The courts and the bureaucracy are off and running.
There are no checks and balances here.
Voting doesn't matter.
Congress doesn't matter.
The states don't matter.
The states that have refused to recognize same-sex marriage have just been aced here, is what this means.
Because the federal government trumps all in their view.
And the federal government has just found what they think is a loophole via the uh the pension.
Private pension plan law that permits them the right to do this.
Now you're not going to see this, and this is not a big story anywhere.
You're not going to have a whole lot of noise about this.
There might not be any.
I mean, I had to dig deep just to find this thing.
It's not prominent.
It's not the kind of thing that would be.
This isn't because the drive-bys, while they're privately going, all right, all right, and everybody on the left is going, all right, and celebrating.
They know not to make a big deal about it.
This is at least they haven't yet.
Won't be surprised if they don't, but they so want to.
Oh, folks, they just would love to gloat about this.
Because they don't look at this as dictatorship.
They look at this as a moral crusade in anything, anything that's moral, why you can overcome evil any way you have to.
And we, of course, are the evil.
And so there are no rules.
Because they are good.
They are just.
And whatever they want must happen.
And it doesn't matter that a constitution is in the way.
It doesn't matter.
Nothing's off the table when it comes to establishing their view of morality.
So whether you hear about it or not.
Meanwhile, now that the 2012 elections are safely passed, the midterms of 2014 are still relatively far away.
random act of journalism here from Bloomberg.
We have an article here.
Headline of the article, women waiting tables provide most of female gains in the United States.
Women waiting tables, the money that women waiting tables earn makes up most of the income gain women in America are experiencing.
However, you want to call waitresses, women waitresses are earning more a larger share of all income earned by women.
And what Bloomberg has done here, they have they've committed a random act of journalism by going behind the misleading jobs numbers to point this out.
Even though, even though the jobless rate for women seems to be improving, seems to be, most of the new jobs that women are getting are low-paying industries.
Waitressing, in home health care, food prep, housekeeping.
Sixty percent of the increase in employment for women from 2009 to 2012 was in jobs that paid less than $10 an hour.
And this is the feminist administration.
This again is the Democrat Party looking out for all of these disparate interest groups that make up the coalition.
This is the Democrat Party, which is going to protect women from predatory males.
This is a Democrat Party that's going to guarantee abortion for whoever wants it.
This is the Democrat Party that's going to make sure that women get all the birth control pills they want paid for by other people, including the Catholic Church.
This is the Democrat Party that's going out of its way to make women believe that it is their greatest champion.
And yet, since Obama took office through 2012, 60% of the increase in employment for women was in jobs that pay less than $10 an hour.
And all this time, we've been told that it's the Republicans that have this war on women.
We're told it's the Republicans who are the sexist pigs.
It's Republicans who are engaging in a war on women by wanting to deny them birth control pills and deny them abortion and deny them this and deny them that.
It's the Republicans who don't like women.
It's the Republicans who are evil.
It's the Republicans who are hateful men.
Meanwhile, just like every other interest group that slavishly devotes itself to the Democrat Party, women voters, Democrat women voters are doing horribly compared to others.
Now where are the feminists on this?
Where are the nags?
That's our pet name for the now gang of National Association of Gals.
The nags.
Where are they?
You have to wonder why we never heard anything about this from the news media before the 2012 election.
Don't forget, this goes back to 2009.
These stats go back to 2009, including and after the stimulus.
I Why didn't we hear that the employment circumstances for women was this dismal?
Well, we know why.
All we heard about was the Republican war on women over some manufactured question in a debate of Mitt Romney about contraception.
The article points out some other statistics, such as the number of men working full-time rose by one million from 2011 to 2012, while at the same time women have not gained any full-time jobs at all.
So for every million jobs that men get full-time jobs, they're rose by a million women have not gained any.
The full-time female workforce hasn't changed under a regime that loves and cares about and protects women.
Supposedly.
About two million married women have dropped out of the workforce since 2008.
Do you know the percentages of married women and how they voted Obama versus Romney?
Let me tell you, as I happen to have that right here at the tips of my nicotine stained, or formerly, I should say, nicotine-stained fingers, and that is Romney got the votes of married women by a seven percent margin over Obama.
And two million married women dropped out of the workforce since 2008.
That again is the Obama economy.
Married women drop out, the majority of them by seven percent voted for Obama.
Now, all week folks have talked about African Americans and how they all should in my mind they should be livid at the Democratic Party.
And the policies that have resulted in circumstances, and it is policies, folks, because the I mean 93% of the black vote goes to Democrat Party.
They are totally governed by Democrat Party policy.
They have thrown their lot in, and it discussed yesterday.
They have decided as a group that they're going to seek prosperity through politics rather than through the economy.
And by that, they are seeking prosperity by investing in the Democrat Party to bring it to them.
And it isn't happening.
And women are doing the same thing.
Women have decided to invest their chances for economic prosperity in Democrat Party politics rather than in working in the private sector.
And and being apolitical.
So all of these groups throwing in with the Democrats are at the lower level of income level.
They're at the highest level of poverty.
They median incomes are the lowest.
We went through all of these numbers yesterday.
So ladies, I need to ask you a question.
I'm serious.
Given the story, let me give you this number again.
Sixty percent of the increase in employment for women 2009 to 2012 in jobs that pay less than $10 an hour.
So ladies, I I and I asked this question wit I don't mean to sound uh what?
Domineering, because I'm not.
I don't mean to sound intimidating, because I'm not.
I don't mean to sound threatening because I'm not.
I don't mean to sound scary, because I'm not.
I just have a question for you.
I don't mean to sound uh insulting because I'm not.
I I don't mean to sound threatening mean any of that, because I'm not.
I don't mean to sound chauvinistic.
I I don't mean to sound uh above it all.
I don't mean to sound condescending, I don't mean to sound arrogant in that.
I just have question.
Has it been worth it?
Has it worth it to get all your free birth control and your free abortions while you're waiting tables?
Has it been worth it?
And we're back.
El Rushbow here behind the golden EIB microphone to the phones we start in Springfield, Illinois.
Hi, Todd, great to have you here.
Hello.
Rush, nice to talk to you.
Uh I have a question for you.
Yeah.
I'm convinced that the Democrats no longer, no matter how long they're in office, is going they're going to have to keep this quantitative easing up in order to keep the train on the tracks.
My question is, if someday the Republicans can regain the White House, I would assume one of the first things that the the new president would do was stop this.
Well, then everything's going to go to hell.
Well, wait a minute, I don't know that a Republican president can.
The chairman of the Fed's doing this.
Now we know the Fed's an independent agency.
Now we know the reality is that there's collaboration.
So I I get I get your question.
The Fed would be the one to do it.
The Republican president would get the blame.
It's a legitimate uh question.
I guess the reasonable.
It would be, you know, I can hear Pelosi and Reed now that we have another Herbert Hoover in the uh office.
Yeah, well, we've uh we've got one now is the bottom line.
But no, that's a it's a it's a legitimate question.
That's I mean, that's the whole point.
At some point this stuff it does have to stop, and when it does, there are people who are being habituated to the existence of this income, this is this inflow, and it's it's significant, a trillion dollars a year from nowhere.
Just because they happen to be at the stock market, they're getting it.
Just because that happens to be the focal point of the regime wanting to show economic growth.
Um, I d here's the thing.
For for all of the people that vote Democrats because they think they're for the little guy, for all the people that vote for Democrats because they think they're gonna stick it to the rich.
For all of these people vote for Democrats because they really care about the downtrodden.
It is just the exact opposite.
Who is it that always does the worst during Democrat regimes?
Now, back to this question that I asked of you, ladies.
Has it been worth it to get your free birth control and abortions while you're waiting tables?
My the alternative is.
I mean, if you if you had economic freedom, if you had a roaring economy, you could buy your own stuff and a lot of other stuff too.
Well, I think that's rather obvious.
The question is being asked, how many leftists will take my question and not even mention the story?
That's of course it's gonna happen.
I knew that.
Look, it's a tweak, Snerdley, it's a media tweak.
I'm just gonna have fun with them here.
Um really it it's the same old question that we always ask.
Would you would you not rather provide for yourself and have even more freedom and more opportunity than sit around and and just accept what little you get?
I mean, look at the price you're paying for this.
Is it really worth it?
I mean, the women that voted for Obama were convinced that the Republicans hate them, that there's a war on women, and that if if the Republicans got elected, they wouldn't have to, they wouldn't be able to get abortions.
This is what the Democrats tell them.
If Republicans get elected, if Romney's been elected, you're not gonna get your birth control pills.
And they believe this.
So in exchange for their birth control pills, they live under administration where the best work they can get is ten dollars an hour.
Food stamps, too, they may be able to help out, but I mean, for crying out loud, it just as a person who wants everybody to be the best they can be, because that's what defines a great country as somebody who understands that in this country alone people can be the best they can be.
They can be better than they ever thought they could be.
They can reach heights in this country, nowhere else they have a chance to.
And so many people throw that away for the promise of what ends up to being so little.
I guess that Julia ad that they ran, I guess it worked.
You know, cradle to grave being taken care of by the Democrat Party, including a little three square foot garden outside your government apartment, that you can take your little picture and water your three or four flowers and watch them grow and then write a poem.
I'll take another brief Time out, my friends sit tight, much more straight ahead here on the EIB network.
So here we go, folks, again, based on the story from Bloomberg News, which is based on Census Bureau data.
It's not based on anything I making up or the Census Bureau data that Bloomberg dug deep.
What we have learned here, feminism under Obama and the Democrat Party has come to reach its pinnacle.
Women waiting on men in restaurants for ten dollars an hour or less.