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Oct. 8, 2013 - Rush Limbaugh Program
37:42
October 8, 2013, Tuesday, Hour #1
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Welcome to today's edition of the Rush 247 Podcast.
Hiya, folks, how are you?
Great to have you here.
It's Rush Limbaugh.
This is the Excellence in Broadcasting Network.
It is the Limbaugh Institute for Advanced Conservative Studies.
And as always, we come to you with urgency here at the EIB Network and the Limbaugh Institute for Advanced Conservative Studies.
Every day it's Hurry Hurry here.
Great to have you.
Telephone number 800 282-2882 and the email address L Rushbaugh at EIB net.com.
Now, as many of you know, the uh the daily show hosted by John Stewart.
And I must, I must be honest, I've only seen this show on video clips.
I've really watched it, and don't take anything, it doesn't mean anything.
I just haven't.
Snerdley's looking at me like he can't believe it.
It's not been a purposeful thing.
I just don't even know where the Comedy Central Channel is on Undirect TV.
That's not the I just full disclosure here.
But it has been established that for the college aged crowd and for millennials, and we learn, I forget the source of this, that there was a news story yesterday.
Journalism students, it turns out, are getting their news from CNN, MSNBC, ABC, CBS, but not Fox, and the Daily Show.
Journalism students are getting their news from the Daily Show.
Now, whether we like it or not, we have to accept certain realities here in Realville, and that is for certain young people, the Daily Show's not a comedy show.
Well, it is, but it's news.
Along with Twitter, it is a primary source of news, and we learned yesterday it's a primary source of news for journalism students.
Fox News is not.
I'll find that piece.
I had it in yesterday's stack, I think.
I didn't get to it.
Because yesterday, I wasn't, I'm so pathetic.
I was so distracted.
It's amazing, folks at yesterday's show even happened, but I'm good today.
I'm okay now.
I'm fine.
I'm hunky dory.
Everything is cool.
We're in there.
We're all in 100% and so forth.
Because it's working now.
At least on one of them.
It's working up, so progress is taking place.
Anyway, Kathleen Sibelius, who is the Secretary of Health and Human Services, was on the Daily Show last night and she lied.
And Stewart called her out on it.
Now, as much as as you might be off put by a comedy show being taken seriously, the fact of the matter is.
When low information audiences, and that's, and I don't mean that insultingly.
I'm just trying to be realistic here.
The Daily Show is an attraction for the low information crowd.
They think they're being fully informed, and that's fine.
It is what it is.
Point is this.
When a low information audience predisposed to loving Obama, trusting Obama, a low information audience that has bought the Limbaugh Theorem, hook, line, and sinker, when they end up laughing at an Obama bureaucrat's non-answers and lies, it is a big deal.
You may not like that it's a big deal.
You may resent that it's a big deal, but it's nevertheless a big deal.
In addition, we have sound bites coming up here from other outposts in the media.
Um for example, on CNN the forehead was on with Erin Burnett, and she said, you know, didn't you guys kind of oversell the shutdown?
I mean, it isn't nearly as bad as you guys have been making it out to be.
Sam Zell, the uh well-known financier and real estate tycoon in Chicago, is on CNBC today.
And he said that the market is using the shutdown as an excuse to correct itself, and it is kind of it's falling a little bit.
He said the Tea Party is great, it's natural, and in fact, it is a reaction to an imperial White House.
And then we have the arbiters of Washington liberal conventional wisdom, not David Gurkine's in there too.
But the, I mean, two of the most absolutely flawless examples of elitist liberal mindsets, Tina Brown, and Frank Rich on Anderson Cooper last night, fretting that the Democrats are losing this.
Exactly as I, L. Rushbo, have suggested to you that the Democrats are losing this.
There is a there is a general unease that has permeated the left.
It's interesting if you um if you listen to the wrong Republicans, these people are so beat down.
Even some Republican media, not going to mention any names, doesn't serve any purpose.
I was watching Fox today.
Some conservative media analysts, they just are convinced the Republicans are having their clocks cleaned and having their pants handed to them, and they just because they're they're they're the prisoners of the inside the belt wave narrative every day, and they don't see this.
In addition to that, all kinds of people are coming out now and not just giving examples of the of the Obamacare website not working, but telling us why it can't, because the best people are not in government.
They're at Google.
Or they are at Apple, or they're elsewhere.
The government totally incapable, incompetent.
And some are suggesting that we're way beyond glitch here.
This is not glitch.
This is an utter disaster.
Some people so we've got quite a lot here to impart and share.
We also have found out Reason.com today has a story.
Remember that Obama poster boy Chad Henderson and his dad said to be the first successful Obamacare patients that signed up and went to went to whatever it is, Obamacare got govern national, whatever the website is, and they were touted as the first successful signups in this kid Chad.
He was perfect.
He's 30 years old, exactly the kind of guy.
Turns out they didn't really buy insurance.
The whole thing was a lie.
The whole thing was a fraud.
Another story.
There are not 20 Republicans willing and ready to uh abandon the Republicans in the House, as Harry Reid and others have been saying.
So we really are loaded today, and I want to start, I want to go back to the Daily Show and the audio sound bites here of Kathleen Sibelius, who came off as ignorant, misleading, and totally incompetent.
And it was Stewart did his best.
I mean, she's friendly.
She's from the regime.
He's on their side, but it it got to the point that even for his own credibility, he was not able to let this go.
So let's start with the Daily Show.
Last night, John Stewart interviewing Kathleen Sebelius, Secretary of Health and Human Services.
This is the woman with all the power in Obamacare.
If you look at the law, and of course, what we're dealing with now is not the law that was signed.
Obama has added and what the this is another thing.
More and more people are starting to ask, and that's what this is about.
Now, wait a minute, you're giving businesses uh uh uh waivers and then you're allowing them a year to wait on their mandate.
Why not us?
Why not the little guy?
A lot of this stuff, folks, is is starting to um snowball, and I don't want to make too big a deal of it, but it is happening.
And I want you to see how, and see what you think about it.
So here, Stewart says in our first soundbite, why is it that individuals couldn't say they didn't want to do it just for a year like business?
What he's saying is, look, you guys granted businesses a year's grace on the employer mandate.
Why can't individuals say, you know what?
We'd like a year's grace from having to buy this piece of rot.
Why can't we?
And here's her answer.
Well, they can.
They they pay fine.
They pay a fine at the end of the year.
But they don't have to, I mean, they can say, I don't want to do it.
The theory is they can't pick and choose if they're gonna get hit by a bus or diagnosed with an illness.
And for a lot of young folks, they're, you know, one fall on the basketball court, one auto accident away from a lifetime of hospital bills they can't pay.
Still not sure why individuals can't delay.
She didn't answer the question.
Still not sure why individuals can't delay it.
But see, she said, Oh, you can, you can pay the fine.
There are no fines for businesses if they refuse.
They've been granted a waiver of one year from their mandate to provide insurance.
He say, why can't we, the little guy?
Why can't we say we don't want it for a year?
Oh, you can, you have to pay a fine.
But then you might break your neck or you might get hit by a dodgeball, and you might be uh blah, blah, blah, blah.
That's another we have a school system that's banned all balls.
Football, dodgeballs, baseball, softballs, they banned it.
Too dangerous.
Oh, yeah.
Oh, wait till you wait till you hear the non-Obamacare, non-shutdown, non-dead limit stack today.
I mean, it's classic.
We're loading.
Okay.
So she just said, you can, you can bump out, you just pay a fine.
And after she went through it all, he said, I still not sure why individuals can't delay.
And so now here's Stewart, who is clearly a regime flunky.
Well, I don't want to I don't want to say that might scare and offend 24-year-old girls and calling him a flunky.
It's because they like him.
He's a nice guy.
John Liebowitz.
The nice guy.
Stuart stage name.
His name is Liebowitz.
Just I know these things.
Anyway, I don't mean to call him a flunky.
He just he's on their side.
And the Stuart is on there he wants he's all for this.
Okay, but that that's why this is important here, folks.
He's all for this, and it isn't working.
And so here's his next attempt to get the truth out of her.
For those of us who are somewhat believing that the opposition right now in Washington are crazy people, it feels like it's frustrating to have to defend something that is less than ideal or is functioning at what seems to be a level of incompetence that is larger than what it should be.
So if your only option is crazy town, this is why I think people are like clinging to this idea.
Like, but why, like the 30-hour a week thing.
Businesses are cutting workers' hours uh below 30 to avoid facing the law of uh Obamacare.
What do you say to that?
See now, this is classic.
We're the crazies, but we are the reason he knows this.
We are the crazies, but if it weren't for us, John Stewart wouldn't know that businesses are downsizing because the places he goes for news are not reporting it.
Now, one thing Stewart is he knows his audience of low information people or the the the quote unquote little guy, and they're getting shafted in this.
All right, and this is not what's supposed to happen.
Obama's supposed to be looking after the little guy.
That's why you vote for Obama.
That's why you're on Obama's team.
That's why you want Obama to succeed, because Obama's gonna do great things for the little guy, and he's gonna savage the wackos and the crazies.
Except you know, for those of us somewhat believing the opposition right now, crazy people.
I mean, it's uh we are why he even knows enough to ask this question.
Here is Sibelius's answer.
Remember, he says, why are you doing this?
Why do you have it in the law?
Because it's in the law, that means businesses are cutting workers below 30 hours to avoid your law.
Why did you do that?
He I guess he just figured this out.
He wants the he doesn't seem fair to him.
Why are you doing that?
Why did you put that in the law?
There is absolutely no evidence that part-time work is going up.
In fact, it's going down.
The height was in the recession, it's going down.
And for the first time ever in this country, part-time workers, and there are a lot of part-time workers, there always have been, there will be in the future.
Will have affordable health care.
That will end up in difficult times having to spend money they would not have spent.
Yes?
To buy health care if they did not have it.
If they did not want it.
There are people who will pay money, and many of them will pay less than they pay for their cable bill or their cell phone bill a month.
She is just she just making it up as she goes here now.
I haven't heard this one yet.
That your premiums, I heard $2,500 cheaper, but I didn't hear less Than your cable bill or your cell phone bill.
Notice the two things she focuses on.
Because those two things are of paramount importance to the low information crowd.
Their cell phones and their and their and their cable TV, their TV, whatever.
And TV is becoming less and less important because they can steal it and watch it all on their cell phones.
Oh me, she oh I don't know.
She lied all through her teeth.
Less part-time work.
There's more part-time work.
70% of the jobs being created are part-time jobs.
That doesn't include the jobs that are being converted from full-time depart-oh, yeah, just lying through her teeth here.
And she's counting on the fact that he doesn't know enough to correct her on it.
Let's face it.
That's what they're used to.
You've got a media on your side.
You can say whatever you want, and even if they know you're lying, they don't call you on it.
But most of the time, people like Sibelius will figure that he doesn't know that she's lying.
So that stood on its own, and this is how Stuart uh let's see, this is how he ended the show by concluding that she was lying to him.
That's our show!
I still don't understand why individuals have to sign up businesses don't.
Because if the business is, if she's saying, well, they get a delay, because that doesn't matter anyway, because they already give health care, then you think to yourself, well, f it, then why do they have to sign up at all?
But then I think to myself, like, well, maybe she's just lying to me.
Maybe she's just lying to me.
John.
And really, I'm not, I'm not trying to be contentious here at all.
What you people understand?
I I know sometimes I sound sarcastic.
I know I'm funny, yeah, but I'm I'm not trying to be contentious here at all.
Not trying to start anything.
I think it's great.
I'm telling you, when there's more evidence here what's happening out there, there's a transformation taking place that the uh the regime didn't count on.
Didn't count on this.
So Sibelius, nobody, I mean, the low information crowd watching this show that is trying to get a job knows full well that part-time jobs are about it.
And if they have a full-time job, they're going to be downsized and converted so that the company doesn't have to provide them health care insurance.
So my point is when a low information audience laughs at an Obama bureaucrat's non-answers and lies.
I don't know that it means we're winning, but it clearly is not the norm.
You would at least agree with that.
And I I know that that last answer from Sibelius, oh well, it's always going to be part-time workers, because there's less of them now than ever.
I mean, for the recession, and uh so forth.
But again, back, you know, his uh his his second question to her about converting people to part-time.
Again, we're the crazies, but if it weren't for us, he wouldn't know that.
Bottom line.
Quick time out.
We'll be back after this.
Don't go away.
So I checked the email during the break, and I knew there'd be some people out there that were why are you why are you uh picking a fight with John Stewart?
I'm not.
Folks, the last thing I want to do.
I'm not being contentious at all.
It was about why you call him a flunky.
Look, he said to Sibelius, it's frustrating to have to defend something that's less than ideal.
I mean, what is that?
He's admitting, come on, you guys, this is tough defending you here.
I want you to, I want your side to work out.
I want your stuff to work out, you're making it really tough.
Flunky, whatever.
He's just, he's he's liberally voted for him.
He wants his stuff to all work.
The problem is he's got an audience, and they're made up of young people, low information people, and uh to him, you know, these people, everything is fairness.
And I don't see the fairness.
And in this sense, they're right.
Okay, big business has been told, you know what, that employer mandate, you have to provide insurance.
See, big business is hated by this crowd.
They are despised, and having to provide insurance is considered a just punishment.
Since big businesses hated and despised, they're rich.
And how'd they get rich?
By exploiting their employees and stealing from their customers, in some cases, killing their customers.
This is what they believe.
So here comes this employer mandate requiring them to provide health insurance and health care for their employees.
Well, that's good.
That that That's they consider that is the infliction of pain and suffering on business.
And therefore it's fair.
I'm giving you their mindset.
Big business exploits, punishes, kills customers, steals money, destroys the environment, all of that.
And now Obama just gave him a year off and have to provide insurance.
And that's where most people get it.
So it's quite natural.
Wait a minute.
I thought you were going to screw these guys for us.
It's kind of like raising taxes on the rich.
I thought you were going to screw these rich business people.
I thought, I thought you were going to really get even with them.
I don't you, and now you're telling them they don't have to do it, but we have to still go out and find a way to get our own insurance.
And Zabini said, yeah.
And that just doesn't seem fair.
And to remember now to this group of people, fairness.
They've been taught it, raised with it, they're governed by it.
It's everything.
And this doesn't seem fair.
That the reviled, despised, hated CEO doesn't have to provide his exploited and soon dead employees with their health insurance for a year, but they have to somehow now go out and find it on their own.
Why can't they get a waiver?
And Sibelia says, well, they don't have to, they can pay a fine.
By the way, somebody needs to tell her you don't call it a fine now.
It's a tax.
Remember, that's in the Supreme Court.
John Roberts said, How can I rewrite this bill to make it constitutional?
Chief Justice says, I'll change that fine, and we'll call it a tax, and then say they've got the authority to do that.
So you um you people you will pay a tax, not a fine, if you don't follow the law and get your health insurance as mandated.
It was a newsbusters piece.
And they're talking about uh CNN's reliable sources this past Sunday during an interview with a group of journalism students at George Washington University's screw of media and public affairs.
Uh apart from Facebook and Twitter, these journalism students, George Washington U get their news.
That's what they said from the Associated Press, which, believe me, the vast majority of low information people get their news from the AP.
I mean, it's AP that ends up in all these Twitter feeds and Facebook and so forth, and Yahoo, and so on.
So it's AP, and that AP is the most egregious example daily of journalistic malpractice.
After AP, then they say they get their newest from CBS, CNN, PMS NBC, NBC, NPR, The New York Times, the Washington Post, and John Stewart.
Not Fox.
They don't probably ordered not to.
They're probably hell, folks.
I was reading, I was I was reading one of my tech blogs yesterday during my downtime, and one of these tech blogs was making fun of Fox for their new uh their new giant monitors.
And they've got Fox has these 55.
Have you seen this?
The Shepard Smith new uh breaking news studio.
You seen this thirdly?
55-inch looking iPad type screens.
Do you know they run windows, Windows 8.
Those 55-inch, now follow me up, those 55-inch, those mother monitors, have a lower resolution than a 9.7-inch iPad.
A 9.7-inch iPad has more pixels than one of those 55-inch big mamas that Fox is using, just as a tech aside.
Anyway, this blogger was just totally saw those things, it just looks typically phony just like all of Fox News.
I look at this stuff, and this guy's a blithering idiot.
But in truth, he's one of the most arrogant, condescending, snarky guys you'd ever run into.
And they all know so little, and they think they know so much.
And I guarantee you, these journalism students have the same attitude about Fox.
They're taught that from their professors, and this is where they get their news.
AP and the usual suspects, everything was John Stewart except Fox.
But it was CNN reliable sources.
Where I saw that and I wanted to source that for you.
We'll grab a quick call.
We go to Albany.
Josh, uh glad you called, sir.
Great to have you, EIB network.
Hello.
Rush, thank you for all that you do.
I appreciate that, sir.
Thank you.
Yeah, you might think it was fair to delay the individual mandates since the employer mandate's being delayed by a year, but that's not what this administration is all about.
And you know, people who think in terms of 99% and 1% ought to take notice of this.
And the reason I would suggest the individual mandate isn't being delayed for a year while the employer mandate is what the upshot is.
And that is that there will be a sizable number of people who get dumped off their employer provided insurance and will need some place to go.
So they're going to go to the exchanges.
Absolutely.
You've just nailed it.
Well, if the individual mandate were delayed, they might not.
Yeah.
Now, do you know why?
Well, it increases the number of healthy people who will be dumped into the exchanges and pay their premiums into it.
Well, not just that, that's true too.
But the reason why, let me tell you something, folks.
Oh, Josh here is up to speed.
The reason the imp the the individual mandate will not be delayed is because the more people that the regime can get signed up, the much that much harder it's going to be to ever repeal this.
That having people sign up is putting the exclamation point on establishing the entitlement.
It's no different than having them sign up for social security.
The more people sign up, the harder it's going to be to take it away from them.
You are exactly right.
Now the the dollars and cents aspect, you know, in a sense, you're right.
Although I don't think Obama cares about that right now.
I know Obama doesn't care about the money here.
He doesn't care whether this is going to balance big debt.
He doesn't care about that.
But the people that that pretend to care, they will cite that.
Oh, yeah, we need these young people signing up because we're going to take their money, but we're not going to pay out because they're healthy.
We need their money to cover the old folks.
As an added bonus, it is a redistribution of wealth in that sense, because the wealth in the form of those premiums is being redistributed to the elderly and those with pre-existing conditions and the poor.
Yeah, it's kind of like so the more they go in, the more that happens.
Yeah.
It's a it's like reverse redistribution.
But Stewart's mistake is presumably the Obama administration is trying to be fair about this when it's actually looking out for these people when it's really win-win for the administration.
Exactly.
They hold businesses at bay and they get more people into the program.
Yeah, but Josh, remember now you're a crazy.
And uh Stewart's embarrassed of people like you.
Does Obamacare cover crazy?
Well, now see if you go in, that's another thing, though.
You know, I mean, you you're making a joke, but this regime is proven if you're a donor, if you're a supporter, you get moved to the front of certain lines.
If you're a crazy and a wacko, you might not get as preferential treatment if you're no, it's not being crazy is not pre-existing.
Not this kind of crazy, not political extremism craziness is not a pre-existing condition.
Not in terms of Obamacare.
Josh, thanks for the call.
Appreciate it.
He's dead on right.
So while while while the low information crowd looks at this, and believe me, I was this is one of the points I was trying to make is illustrate this past couple of days and last week about who's winning and how we might be winning.
This is what I meant.
You're not seeing any news about this.
But these low information people are starting, wait a minute.
This isn't fair.
Big business hated, gotta remember now, hated, reviled, rich, big business.
What do they do?
They don't pay their employees enough, they exploit them.
They kill their customers.
They destroy the planet.
All that.
That's what these young people have been taught growing up.
Her Obama extends them a grace period when what they're hoping is for that CEO and all these business people to get punished.
I'm convinced that some of the support for Obamacare among middle class low information voters, because they think big business is going to get punished, And big insurance is going to get punished.
Because to them that's fair.
Because all these entities have been screwing them.
Well, now here comes a waiver, if you will, in favor of big business.
And so on their own, without having to be coached or told, wait a minute, that isn't fair.
That's what Stewart was doing there.
He's going to be voicing the concern of people in his audience.
So he's occupied with the fairness aspect of this.
Whereas the regime fair schmere, they need as many people going to those exchanges.
A, that's a that's the fastest route to single payer, number one.
Secondly, the more people at sign up, the harder it's going to be to repeal or defund this because that you're just creating everybody signs up as a dependent then.
Everybody signs up becomes dependent on the government for their health.
Not insurance or treatment, but their health, in their view.
And once once you've uh, you know, once Santa Claus is shown up, you it's it's hard to take the toys back.
You can't.
And that's that's what the thinking is here.
And he's exactly right.
That's why there will not be a waiver on the individual mandate and why there never was going to be one.
Now, the low information crowd sees this is unfair, and I'm telling you that is something that is marginally beneficial to us.
within the bounds of the argument.
So, You know what I if if uh one thing they could do if uh if Obama really wanted people to sign up, I wouldn't be surprised, I don't predict this, but you know, don't let them stay on the parents plan to age 26.
Imagine what that I would love for him to repeal that.
You think they're upset about this.
Man, wouldn't you like to see the reaction to that?
It'll never happen.
For that very reason.
Okay.
Yeah, let me take a break here.
I'm gonna employ programming format discipline here and try to stay on the programming clock so as to avoid these segments that are no longer than two minutes.
Be right back.
Back to the phones we go.
Want to grab this one quickly before we head back to the stacks of stuff.
Uh Sam in Northern Maryland.
Welcome, sir.
Great to have you.
Hi.
Hi, Rush.
I appreciate being on.
I just want you to know I know a lot of the people who were at that Georgetown event, the students.
This is the Georgetown University of the uh the uh George Washington University law journalism school.
Right, the George Washington.
And they are just incredulous, the people I know.
They all listed Fox as a news source.
Oh, they did.
And the idea that the entire group of people wouldn't list Fox at all.
It's just an absolute lie.
Well, you know, I never want to assume people are lying, and I didn't even so a lot of the students do get their news from Fox.
It's somebody in charge of releasing the results of the survey just left them out.
You nailed it.
That's a fact.
Unbelievable.
Why am I not surprised?
So it turns out that the story's bogus.
They find it CNN's reliable sources.
George Washington University School of Media Public Affairs released information where their journalism students get their news, and they mention everything, including the Daily Show, but not Fox News.
And Sam here says he knows a lot of students there.
And they said they did mention Fox News, and whoever released the list purposely left Fox off.
Fascinating stuff.
Appreciate that, Sam very much.
Back the audio sound bites quickly.
She uh spoke with the forehead.
Paul Bagala about the impact of a government shutdown.
Now, I think I don't want to get too far gone here.
You know, as the mayor of Reedleville, you stay real.
But I have been opining that I think.
Let me put it this way the Republicans Are not losing the way the inside the beltway media is portraying.
It's a far different reality throughout the country.
And I think that some of the drive-bys are starting to crack.
We had Wolf Blitzer yesterday, who was not buying what he was hearing.
We had Stewart with Sibelius.
And here now is uh Aaron Burnett talking to the forehead about the shutdown and what they're all starting to say.
Wait a minute, everything's still functioning here, except what you guys won't permit.
You guys won't permit the veterans to go to the memorial.
You guys won't permit national parks to open.
You guys won't permit, but other than that, everything seems kind of fine and dandy here.
What about the shutdown?
The media notices the Amber Alert website isn't working.
It goes back up.
Uh 90% of the civilian Department of Defense employees are now back working.
If the government was really shut down, there wouldn't be money to do all of this.
So it does sort of create this atmosphere of maybe they oversold this.
This was supposed to be the end of the world, and it's not, so then maybe the debt ceiling won't be the end of the world.
Oh, so maybe that debt ceiling won't be the end of the world.
This isn't.
Y2K wasn't.
The financial crisis of 08 wasn't.
All the other debt ceilings have not been.
Maybe this isn't.
So a technique is maybe exhausted itself here.
Here is the forehead's reply, who of course sticks to the Democrat line.
I saw Warren Buffett saying that it would be a nuclear bomb.
Go past the debt ceiling.
Go ahead and do it.
Just like let your kids play baseball in the middle of a crowded street.
Maybe they won't get hit by a car.
I think it's preposterous.
It's crazy.
It's walking into a risk, an enormous risk, if you listen to the experts, that we don't need to have.
A non-answer.
Walk into a car, walk into a street, you may get hit, you may not be.
That's where we are with the shutdown.
Warren Buffett said it's like being a nuclear bomb.
Warren Buffett is on record as saying Obamacare is a disaster.
All the way back as far as 2009, Warren Buffett advised Obama to pull it back and redo it.
So let's move forward to this morning.
CNBC Squawk Box, the co-host Joe Kernan talking with Sam Zell.
And full disclosure, Sam Zell used to own J.Corr Communications, which for a while was the syndication partner of this program.
Although I never met Mr. Zell.
Never met him.
Of course, no of him, real estate investor, used to own, maybe still does.
The LA Times or Tribune Company.
I know he wants to sell it if he still does own it.
I'm lost track.
But he's um multi-billionaire financial whiz.
And Joe Kernan said the stock market is um is is OE or QE juiced in your in your view, meaning they've overdone it.
A QE, this, it's just not real.
And he said, this is gonna this is gonna make the QE last even longer because maybe it hurts the recovery, so the stock at this point is how much of a bubble in your view, even though it's come down a little.
I would raise the question as to whether or not the events that are going on right now are an excuse for the stock market to correct.
I mean, I run a lot of businesses.
It's true business is better than it was on in 09.
But that's like comparing, I don't know, leprosy to cancer.
You know, I mean, oh nine was horrific.
It's definitely better today, but we're a long way from any kind of robust recovery.
Did you hear that?
Yeah, business.
It's better than it was in 09, but it's like comparing leprosy to cancer.
You don't want either one.
By the way, Jimmy Carter, Jimmy Carter has come out, and he's now belly aching about the poor economy and the widening gap between the rich and the poor.
Has somebody told him that we've been running Democrat policies for the last five years?
It's amazing to me.
Anyway, so here's Sam Zell saying this is no recovery going on, even with QE3 and 5 and infinity.
There is no real recovery going on out here.
Only if you compare it to how bad things were in 2009.
And then Joe Kern In CNBC said, do you blame the Tea Party for this?
Now stop and think of that question.
The Tea Party?
How in the world could the Tea Party be responsible for the stock market?
Especially given all the pumping that the Federal Reserve has been doing.
The Tea Party.
And it was he was serious with a question.
You blame the Tea Party for this poor economic recovery.
That is such an that I don't even think that's a disjointed thought, much less a question.
Here's what Zell said.
No, I think the Tea Party is a reaction to an Imperial White House.
The president is elected to negotiate.
That's his job.
The Tea Party is a reaction to an Imperial White House.
I.e., the Tea Party exists because we've got near authoritarian dictatorial crap happening here.
Responsible for the market.
That's the president, Joe.
Back after this.
Okay, folks, we got to take a brief, brief time out here at the top of the uh top of the hour, but we've got much more straight ahead, as I said.
We got a really, I mean, to me, and therefore it will be to you, fascinating, interesting, fun stack of stuff that has nothing to do with Obamacare, nothing to do with a shutdown, and uh nothing to do with uh debt limit or any of that, at least not directly.
There are other things out there, and we find them.
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