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March 31, 2014 - Rush Limbaugh Program
36:42
March 31, 2014, Monday, Hour #1
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Welcome to today's edition of the Rush 24-7 podcast.
And let's say testing, testing, once again.
Not too bad.
Not too bad.
Still fighting the ravages of the common cold virus.
Ladies and gentlemen, actually worsened over the weekend.
It was a rough night Saturday night, six hours straight at coughing and so on.
I hate NyQuil.
I hate it.
It ruins me for two days if I take any of this stuff.
This just zaps me.
So I had to sit there and endure it.
Anyway, here we are.
This has actually been, this is the slowest onset of the common call I've ever had.
It's been now a week and it's just now starting to really settle in.
All last week, I thought I was beating it back, and it wasn't happening.
It was just slowly gaining ground each and every day in an infinitesimal way.
But hopefully the thing is peaked and now on the downside, because a busy broadcast week here at the EIB network, great to have you.
Telephone number if you want to be on the program at 800-282-2882 and the email address ilrushbow at eibnet.com.
As is the case, practically every Monday, the audio soundbite roster is filled with audio soundbites in which I have been mentioned.
And given that I am fighting the ravages of the common cold virus, I think I'm going to start with some audio soundbites.
It just ease into the, you know, normally I don't play all these things that mention me because I don't like to make the program about me.
Everybody else does.
So the first one, are you aware?
I don't know, people may not even know.
The conservative in quotes, TV host Stephen Colbert.
What?
Oh, it's Colbert?
Oh, okay.
Stephen Colbert.
What, yeah, no, he's a liberal, but he makes his shtick is a pompous, arrogant, know-nothing conservative.
That's the shtick.
Anyway, he tweeted out something last week that has ended up being highly offensive to Chinese-speaking people.
He made fun of their language.
He said, ding-dong, ching-chang, some such thing.
But it was in a tweet.
He didn't actually say it on his show.
And there was this apparently negative reaction, the likes of which liberals are not used to.
I mean, there was just apparently a huge blowback on this.
And it caught them off guard because they're really not used to this kind of reaction to them being racist or sexist or bigoted or homophobic or what have you.
And there were demands that Colbert apologized for offending the Chinese.
Now, the way the left is circling the wagons on this, you might say, what does this have to do with me?
Well, the way the left is circling the wagons, and they say Colbert was simply doing what I do.
The mistake that he made was that he did it on Twitter where there isn't any nuance.
This was discussed on NPR today.
They circled the wagons.
When was the last time I stepped in it and some conservative media circled the wagons and brought all kinds of people to defend it?
And it doesn't happen.
Yeah, what was the first time?
It doesn't happen.
But when it happens to these guys, when Rather, for example, when Dan Rather did his phony and bogus George Bush National Guard story and totally embarrassed him, so he ended up being fired because of it.
You people may not remember, but Jennings, Peter Jennings, the late Peter Jennings, and Brokos scheduled, they put together hastily an awards dinner.
They invented or created a new award to give to Rather two weeks after all of that happened because they circled the wagons.
They were protecting the news.
They were protecting the media.
They were protecting themselves and they were protecting their cause, liberalism.
Because Rather was out there, and it was huge, huge step in it.
I mean, to totally make up a story.
And so rather than throw Rather overboard and use this as an opportunity or moment to move past the CBS evening news, they had to circle the wagons and protect Rather.
And that's kind of what's happening here with this thing that Colbert did.
I don't have the original tweet, so I don't know what he did, and I have no idea.
All I know is that the way they're trying to protect him is to say, well, you know, he's just actually echoing Limbaugh.
Whether they know it or not, they've just accused Colbert of copying me.
And here, this discussion was on the takeaway today on NPR, the fill-in host Todd Zwillick speaking to Jeff Yang, who's a blogger at the Wall Street Journal, about this tweet that went out on the show's Twitter account last week that some people found events.
It made fun of the Chinese language, I guess.
And this is how they attempted to circle the wagons.
Let's remind ourselves that Stephen Colbert, doing what he often does, was actually echoing Rush Limbaugh, who has many times on his show and without irony referred to Asians with the Ching Chong or a Ding Dong or some kind of ethnically stupid angle like that.
He was sort of doing Limbaugh.
Exactly.
And the problem, of course, here is that you lose layers of nuance.
You lose context when you take something and put it into a different medium, like, for instance, Twitter.
Don't you just love hearing these erudite, sophisticated liberals talking about all this in the approved NPR performance mode?
Well, let's remind ourselves that Stephen Colbert, doing what he often does, was actually echoing Rush Limbaugh, the well-known fascist, conservative radio host, who has,
as everybody knows, many times on his show and without irony, referred to Asians with the Ching Chong or the Ding Dong or some kind of ethnically stupid angle like that.
That's how you hear it on NPR.
Point is, I don't know what they're talking about many times on my show and without irony referred to Asians with the Ching Chong.
I do not do that.
And I would invite them to go find all of these many times on the program.
All I did was attempt to translate the Chinese premier, the Chikom premier, when he was speaking without a translator at the White House.
Anyway, notice that they get this guy out of the mess that he's in.
Apparently, they have to link him to me.
Why?
I don't know.
And then they say, well, of course here you lose layers of nuance.
You lose context when you take something and put it in a different medium, like, for instance, Twitter.
All right.
So I don't even know what the original thing was.
I just find it curious, ironic, or what have you, that in order to bail a guy out, they have to basically accuse him of ripping me off, but not doing with the proper layers of nuance.
Now, you remember, you may not remember, ladies and gentlemen, on March 21st, 10 days ago, we had a caller on this program, Shaban was her name.
She was from Columbia, Mississippi, and she was African-American.
She said that she was ashamed of Obama.
Well, guess what?
In Houston, on the TV station KRIV, they went out and they found, actually, I guess what did they do?
Actually, the TV stations played a replay of what happened on the radio.
They went out, the bottom line is they went and found the local leader of the Black Panthers, the new Black Panthers, to comment on this woman calling this program and me.
So here, the woman's call was a long call, and what we've done here, we have basically put this together as a montage of her points 10 days ago on this program.
I have one major problem, and that's Barack Obama himself.
And my problem being that as a black woman, I am embarrassed to be a black American.
My grandmother is 94 years old, and I imagine that her and all of my ancestors that died and fought for what we're supposed to call freedom, this is not what they imagine.
That's the first black president.
I don't care whether you're black, white, purple, green, blue.
I don't care.
This man can't even spend respect.
As a conjurer overall, when you look at where we were and how far we've come and you got somebody in this position of power that is of African-American descent, you don't expect Obama.
This is not what you expect.
You expect somebody who can actually use their brain without somebody else telling them what to say that knows how to articulate.
He's done more harm than good.
And the biggest problem that I have is that when he ran for the first time, nobody voted on him based on the character.
And that's one problem I have with politics in general.
People vote based on what they see.
Everybody saw a black man that could be president.
Woo-hoo, that's gone-ho.
Let's get behind this man.
But nobody bothered to vote on the character of the man.
Nobody bothered to vote and honestly look into what this man represents.
What is he trying to do?
How is he going to advance this country?
This is supposed to be America Land of the Free.
But hey, if you say anything that goes against what he's saying, you're a racist.
Now, you hear that woman, there was not one, you know.
There was not one and uh.
Now, it's edited because her call went on for a long time.
That is a montage of her points.
Clearly intelligent, extremely well-spoken.
And you have a caller like that, you didn't hear me.
You just get out of the way.
She was making one point after another.
And this caught the attention of the new Black Panther Party in Houston, and it ticked them off.
So the new Black Panther Party in Houston ended up on the morning show at our Houston affiliate.
And we're talking to the host, Matt Patrick.
And the Black Panther leader is Kwanel X. Not to be confused with Jambone X, who has called this program before, has appeared here.
This is Kwanel X.
And this so lit up Houston that the TV station replayed the audio of what happened on the radio in Houston.
And so here it is, the first of two soundbites with the new Black Panther Party leader, Quantel X, not Jambo Jambo Negs, upset at this caller, Siobhan from Columbia, Mississippi.
Rush Limbaugh posted on his website a conversation he had with an African-American female who said she was ashamed for being black because of our sitting president, President Barack Obama.
She says, because his leadership is so bad, as a black person, she's ashamed of being black.
And Mr. Limbaugh highlighted her statements, put it on his website to say to black people, see, there's one of you all saying she's ashamed of being black.
I want to say to that poor sister, a mine is a terrible thing to waste.
God made you black before Barack Obama ever existed.
So if you hate yourself for being black, it ain't got a damn thing to do with Barack Obama.
You have a black inferiority complex and you have bought into the mindset of white supremacy.
So let's pray for that sister, but say to Rush Limbaugh, none of us are falling for that game.
All I did was answer the phone.
All I did was answer the phone, and we highlight a lot of calls on rushlimbaugh.com.
But this was noteworthy.
We get one of these calls once a month anyway.
But this was perhaps one of the most direct and poignant.
So then the radio show Morning Host, Mike Patrick, responded to Kwanel X of the Houston New Black Panther Party, again, not to be confused with Jambone X. Whether the person's black or blue or brown doesn't make any difference.
He puts it on his notebook.
He highlighted that conversation.
Well, he highlighted.
And as well, he should.
You know, and I feel bad for that woman, whoever she is, that she would feel bad for being black because of President Obama.
She shouldn't feel bad for being black.
I do understand that the black community, many of them, now look at this president as an embarrassment.
Ooh, ooh.
So the local host is piling on with the Houston New Black Panther leader, Kwantel X. Quanel.
Sorry, Quanel X. Is it Quanel or Quantel?
Quanelle X, who then dutifully replied.
I don't say many of us look at him as an embarrassment.
Many of us wish he would do a little bit more directly toward us as he's done for other groups, such as the homosexual community, the Hispanic community with the Dream Act, etc.
He stepped out of the limb for them.
But we want him to step out on a limb for us also as he's done for others.
But I'm not ashamed of our president because he's made some things that we feel are not in the best interest of everybody, including ourselves.
But his policies that he's made, we let him stand on it.
But I'm not ashamed of our president, and she shouldn't be either.
A lot.
No, I don't think he thinks Obama's doing a good job.
Snirdling just says, what does that mean?
What does this mean?
Well, I thought he said he stepped out on a limb for him, but he wanted him to step out on a limb as he's done for others.
But I'm not ashamed.
He's done some things that we feel not in the best interest of everybody.
He's basically saying, no, great shakes, but the sister got no business saying she doesn't like being black because of him.
And the sister got no business being embarrassed to be black because Obama's black and is the first black president.
Sister, it doesn't matter.
It's about solidarity.
So the sister is now the focus, not Obama.
The sister is the problem, not Obama.
No matter how bad Obama is, the sisters are pointing it out.
Anyway, there's the other side to this, by the way, in something else that happened out there along these lines.
I've got sound bites of this, or maybe it's just a news story.
I forget which.
I'm doing everything I can to stay focused here, folks.
You know, I told you, when I get one of these suffering the ravages of the common cold virus, I turn into a baby.
It's just, I'll proudly admit it.
It's the most, it's worse than the flu.
I had 103-degree fever three weeks.
I don't even know it.
It didn't even matter.
I'm not running any fever.
This is just absolute, I hate it.
Anyway, I got to take a quick timeout.
You sit tight.
No, I'll tell you what it is.
It was Kobe Bryant.
I just remembered now.
The brain synapses are firing.
It's not as quick.
Kobe Bryant said, I'm not going to support Trayvon Martin just because he's black.
Yeah, that's what Kobe Bryant went out and said, because there was this solidarity movement.
It was a mad desire on the part of every black person to support Trayvon Martin.
And Kobe Bryant, and I forget where he said it, said that he wasn't going to do that just because the guy's black.
It doesn't make any sense.
Here it is.
So it's a mediaite story.
Let me take a break.
I'll come back and I'll share with you details of this.
Sit tight, folks.
Don't go away.
Okay, just to be factually correct, I need to issue a correction.
This Cole Bear comment, whatever it was he did, was actually made on his show, and then the show tweeted it out on the show tweet site or whatever, Twitter account, not his personal one.
But whatever he did, he did say it on, well, they're not on the air, they're on cable.
He said that he said it on the wire.
And the point is that all of us, now I'm responsible for what he said.
It's my fault.
And he just didn't do the nuance like I do.
But other than that, it's my fault.
It's no different.
It's a mediaite story.
Kobe Bryant said in a recent interview that he was not comfortable with several Miami Heat players protesting in support of Trayvon Martin, saying he doesn't like the idea of reacting to an issue like that just because he's black and instead believes people just need to relax and listen to the facts instead of just blindly getting behind the cause.
It was on Arsenio Hall's show.
And, well, that wasn't on Arsenios Hall's show.
Later on Arsenio Hall's show, then Stephen A. Smith from ESPN was on as a guest.
And he said Kobe Bryant was right on point in his assessment.
Stephen A. Smith said that it's fairly evident black people are outnumbered in American society.
But that doesn't mean the African-American community has a license to be unfair.
People need to exercise a level of fairness and justice.
I don't know what prompted Kobe Bryant to say what he said, nor do I.
It was in an interview with somebody.
I just haven't had a chance to click on the link.
But he was upset that the Miami Heat en masse apparently supporting Trayvon just because of racial things.
And Kobe said, that's not enough for me.
And this is two sides of the same coin with Kwanel X and the other side of it.
I saw something on CNN this morning.
Did you know that time is running out on the search for the Malaysian airline?
Well, I don't know.
Did not.
They just said time is running out.
And I don't know if they meant for CNN or if they meant for the airline, for the passengers, for the search team.
But I thought you would like to know that time is running out.
If they don't find something relatively soon, then they're going to have to stop searching, I guess.
And if that happens, CNN is going to have to pick up the money to keep the search going, which they might do.
It might be one of the wisest investments they've ever made.
No, you can't stop looking.
It's become our total programming.
You've got to keep looking.
What's it cost?
Well, it's just one boat.
All we need is one boat.
We get B-roll of one boat.
Maybe we'll rent a C-130 to fly around and we'll get video off of that.
Just what is it going to cost?
Time is running out for the search.
Could mean the black box or the black box says, what do they have a 30-day shelf life or something like that once they've gone missing?
They report for 30 days or 30 days to be found with any data that's intact or what have you.
The Kobe Bryant interview, there is no audio of it.
The Kobe Bryant interview was in the New Yorker.
And here's the full quote.
I won't react to something just because I'm supposed to, because I'm an African American.
The argument doesn't make any sense to me.
So we want to advance as a society and a culture, but say if something happens to an African American, we immediately come to his defense.
Yet you want to talk about how far we've progressed as a society.
Well, we've progressed as a society.
Then don't jump to somebody's defense just because they're African American.
You sit, you listen to the facts just like you would in any other situation, right?
So I'm not going to assert myself here.
And he was ripping on the heat for en masse defending Trayvon simply for the solidarity aspect.
Solidarity of the race.
And Stephen A. Smith came on and agreed with him.
The UN's latest report from the International Planetary Committee on Climate, whatever, IPCC, whatever the hell it stands for, doesn't matter to me.
Their latest reports out, and it's the biggest scaremongering global warming report, yet nobody will be spared.
Nobody will be spared, folks.
And in fact, because this is the scariest climate prediction ever, do you realize that we will experience a global surge in the number of golfers?
Climate change would increase boating, golfing, and beach recreation at the expense of skiing.
There would even be an increase in golf in Canada due to climate change.
And that is supposed to panic us.
And that is supposed to, we're supposed to hear that.
No, no, no.
Wait, you mean they're going to be all that much more golf?
There's no way.
These people don't know what we're talking about.
Golf is in trouble.
If you want to know the truth about it, major golfing organizations are trying to figure out what they can do to attract more people to the game because they're not holding people's interest in the game.
They're in a little trouble.
And these guys, I mean, this is how absurd.
Nobody will be spared.
We're all going to die.
We're all going to suffer.
We're all going to be, oh, it's going to be horrible.
You know, by now, this has become a laughing stock.
Speaking of which, Barbara Boxer, she serves on the U.S. Senate Committee on Environment and Public Works.
And what is the date for this release?
March is March 30th.
So this just yesterday.
U.S. Senator Barbara Boxer, Democrat, California, not to be confused with Senator Leland Ye, state senator, Democrat, San Francisco.
Barbara Boxer, chairman of Senate Environment and Public Works Committee, released the following statement in response to the new Intergovernmental Panel on Climate Change Working Group 2 report on the impacts of climate change.
She said, and I quote, the latest IPCC report adds a tremendous sense of urgency for Congress to wake up and do everything in its power to reduce dangerous carbon pollution in California.
We can just look out the window to see climate change's impacts.
Wait just a second.
She can see climate change from her house.
She can just look out the window and she can see climate change.
Yeah, from the driest year on record to the increased frequency and intensity of wildfires.
See all of that just looking out the window.
Sarah Palin never said, oh yeah, I'm qualified and foreign policy.
I see Russia from my house.
She never said it.
Most Americans think she did say it because it was made up by Tina Fay in a parody on Saturday Night Live.
She never said it.
She was laughed at, ridiculed, made fun of, destroyed for being a total dunce and an idiot for saying, oh yeah, I'm qualified in foreign policy.
I can see Russia from my house.
She never said it.
Barbara Box, oh yeah, we can look out the window to see climate change's impacts.
No, you can't.
It's just getting absurd.
It's getting more and more absurd as days go because these people are panicking and they're panicking because they're losing public opinion on this.
And something that's consistent with the left, as they panic, as they lose public opinion on any issue, they get funnier, more ridiculous, more outlandish.
The claims, the scare tactics, the ways they attempt to frighten people, it just knows no bounds, no limits whatsoever.
And that's what this latest IPCC is, report is.
No one will be spared.
Janet Yellen, Federal Reserve Chairman, said that considerable slack in the labor market is evidence that the Federal Reserve's unprecedented accommodation will still be needed for some time to put Americans back to work.
The headline, Yellen says extraordinary support needed for some time.
There's an alternate headline that could say and should say, Yellen says extraordinary support for Obama needed for some time because that's what this is.
What Yellen is essentially saying is the job market still is in negative territory.
The career market may as well not exist.
The job market is in the dumps, and so we are going to have to continue with our quantitative easing.
We are going to have to continue priming the pump.
We're going to have to continue the stimulus.
And what she's doing by doing this is supporting Obama, not the economy.
She is supporting the regime, not the economy.
And it's fascinating.
We've made note of this.
While this economy has really been in a dumper, the stock market hasn't.
The stock market has been recording record highs.
The stock market has known no negatives to speak of on a consistent basis whatsoever.
Maybe some dips, but the stock market has basically been doing great.
And there's one reason for it, and that is quantitative easing.
The Federal Reserve has basically been enabling the purchase of equities and bonds in the market by pumping money into it.
And that's it's a dangerous thing, too, because the stock market now is not a function, well, not solely a function of market anticipation, market analysis.
The stock market is simply reacting to the Fed.
If the Fed ever decides to tighten, well, I'm not going to use their language.
If the Fed ever decides to stop printing money and giving it to the stock market, the people in the stock market are going to have a panic.
It's no different than creating dependence with anybody.
Well, Snerdley just asked, why does Wall Street deserve this handout and nobody else does?
There are a number of answers I could provide that would, in many cases, be guesses.
But I think if you take a look at who the people in the market are, they are considered the masters of the universe.
They're not permitted to fail.
It's a closed-knit.
I'm going to take a break, but in answering that question, why the stock market?
Why is the Fed priming only the stock market and everybody else?
Michael Lewis is back.
He's got a new book called Flash Boys.
It's either going to be released soon or just was.
And his point is, in answer to your question specifically, that it's rigged.
Stock market's rigged.
He was on 60 Minutes last night explaining how.
And I will have those bites for you when we get back.
What, today is?
It is, really?
I thought today is the deadline for signing up for Obamacare.
I thought, I know it's March 31st, but it's not.
It's been waived or moved till the middle of April.
Oh, you have to get a line today?
You have to get a line.
You have to be in line as of today, but you don't have to have anything purchased.
This isn't such a joke.
I'm reacting.
I get to say, Rush, this is Obamacare deadline today.
I can't believe you haven't mentioned it.
Come on, folks.
There is no Obamacare deadline.
In fact, if you listen to various Democrats, there is no Obamacare.
I've got a soundbite somewhere buried here in the stack.
There is no Obamacare.
You people are just wrong about that.
I mean, you go out, you buy insurance from this insurance company or that insurance company.
There is no Obamacare.
And therefore, there is no deadline.
And what is all of this?
F. Chuck Todd is out there saying, hey, it's now unrepeatable.
We've got the $6 million.
It's unrepeatable.
We're not at $6 million.
Only $1 million have paid.
The whole thing is, it's really sad is what it is.
Greatest healthcare system in America has just been blown to smithereens.
And now nobody knows what it is.
Nobody knows what they have to do when.
And the people behind it want it exactly that way.
So we'll get to it in due course.
But first, let me get to these soundbites from Michael Lewis.
He's a noted author.
He wrote the book Moneyball that they made the movie out of at Brad Pitt.
That's how you might remember it.
Brad Pitt was in it.
And he's written on the stock market before.
This is his latest installment.
And his basic claim is the stock market's rigged for anybody that doesn't work there.
If you're not an investment bank, if you're not a Wall Street bank, if you're not a stock brokerage firm, if you're not part of an analyst agency, if all you are is JoeQ Public investing and buying stock, you are screwed.
The game is rigged for the insiders.
He was on with Steve Croft last night, new book out called Flash Boys about computerized high-frequency stock trading.
Croft says, so what's the headline here?
How would you headline your book?
Stock market's rigged.
The United States stock market, the most iconic market in global capitalism, is rigged.
By whom?
By a combination of the stock exchanges, the big Wall Street banks, and high-frequency traders.
Who are the victims?
Everybody who has an investment in the stock market.
Now, that doesn't leave much room for doubt.
I mean, that's pretty, that's a pretty big bomb there that's been dropped.
Well, who are the victims?
Everybody who has an investment in the stock market.
It's rigged by the stock exchanges, the big Wall Street banks, and high-frequency traders.
And he explains how in the next bite, Steve Croft says, well, machines with secret programs are now trading stocks in tiny fractions of a second, way too fast to be seen or even recorded on a stock ticker or computer screen, faster than the market itself.
High-frequency traders, big Wall Street firms, stock exchanges have spent billions to gain an advantage of a millisecond for themselves and their customers just to get a peek at stock market prices and orders a flash before everybody else, along with the opportunity to act on it.
Now, nobody ever sees this because it's happening too fast.
All of these computer programs will go out and see futures prices and volume in split seconds and act on it by or sell before anybody knows really what's happened.
Even the people who wrote the program.
The beauty of the program is it acts faster than the market can record what's happening.
And that makes it an insider game.
Here's Lewis explaining it.
The insiders are able to move faster than you.
They're able to see your order and play it against other orders in ways you don't understand.
They are able to front run your order.
They're able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price.
It all happens in infinitesimally small periods of time.
The speed advantage that the faster traders have is milliseconds, sometimes fractions of milliseconds.
But it's enough for them to identify what you're going to do and do it before you do it at your expense.
But it drives the price up and in turn, you pay a higher price.
Now, I need to ask, are you able to follow that?
You are.
Seriously.
Good, good, good, good.
If that makes sense to you, fine.
don't need to translate that basically i should translate for people not familiar well yeah but it's just the computer making it happen It's not explaining how computers work.
The computers work so fast you can't see it.
What's happening here in a case-by-case basis?
Let's say you, he used Microsoft.
You want to buy Microsoft and you've got a price for it.
Somehow, these people are able to know that you're going to buy Microsoft at X price and a bunch of other people are going to buy it at X price, which then they know is going to raise the price.
So they get in and they buy Microsoft before your order is placed.
A split second before, and then the price goes up and they benefit from the accrual before you do.
They end up buying shares.
They get their order in before you do.
It's not that you're aced out per se.
It's that they are able to take advantage of the price fluctuation they are creating that you don't even see in the price of a stock.
And the same thing would work on the sell side as well.
They're able to find out who's going to sell how much of what and when, and able to determine if there's a trend in this, and it means the price will fall so they can get out of it before you do.
Is what his point is.
In that sense, if all there's no way that you can compete with these guys, you're always going to lose to them.
Back after this, don't go.
There's a simple way to explain what Michael Lewis is talking about here, but it's still even the simple way is people are going to have questions about it.
But I'll give it a stab.
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