{"id":11913,"date":"2013-07-17T18:52:16","date_gmt":"2013-07-17T18:52:16","guid":{"rendered":""},"modified":"2013-07-17T18:52:16","modified_gmt":"2013-07-17T18:52:16","slug":"the_bernanke_obama_bubble_must_burst","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/","title":{"rendered":"The Bernanke-Obama Bubble Must Burst"},"content":{"rendered":"

\"Listen<\/a><\/p>\n

RUSH: This is Eric in Latham, New York. Glad you waited. You\u2019re up next, sir. Hello.<\/p>\n

CALLER: Rush, moles and moles of dittos from the sweltering liberal stranglehold of New York State.<\/p>\n

RUSH: Thank you, sir.<\/p>\n

CALLER: This might be related, I don\u2019t know, to all the stuff we\u2019ve been talking about, in terms of the economy.<\/p>\n

RUSH: Yeah.<\/p>\n

CALLER: In all the mess the last few days, the government released the June retail report and — no doubt unexpected — it came in weaker than, than they thought. And one of the interesting things they said later was that economists fear that the economy “may begin to slow.”<\/p>\n

RUSH: (chuckling)<\/p>\n

<\/p>\n

CALLER: I\u2019m thinking, “Slowing from what? The 1.8%? I think that was the number that came in the first quarter.”<\/p>\n

RUSH: It is amazing how these people have begun to believe their own lies now about being in a recovery and it\u2019s serious and real, and so they get news like this, and some of them are genuinely shocked.<\/p>\n

CALLER: Remember the good old days when Democrats weren\u2019t happy with 4.5% unemployment and 3.5% growth? That was a bad economy.<\/p>\n

RUSH: Yeah, four, 4.5% unemployment was bad.<\/p>\n

CALLER: Now 1.5% growth is great.<\/p>\n

RUSH: That was a recession, in fact. They told us those stats were recessionary, when those are the stats with Bush.<\/p>\n

CALLER: My fear is… Like right now it\u2019s kind of strange with the stock market. It seems like the market moves with the Fed comments rather than earnings.<\/p>\n

RUSH: Yeah. Yeah. It\u2019s not just the Fed comments. It\u2019s the Fed infusion. The Fed is digitizing. They don\u2019t print money anymore. They digitize it. They just add some numbers into the accounts that end up buying stock. The regime, I think, in conjunction with the Fed has decided that they\u2019re gonna do what it takes to make the stock market look good. A, it\u2019s helping Obama donors. B, it gives an indication the economy somewhere is upwardly mobile.<\/p>\n

But primarily it\u2019s taking care of Obama donors. Earnings, yeah. There\u2019s still some of that. You know, stock prices related or the over all DJI related to actual business activity. But most of it, you\u2019re right, is in reaction to what Bernanke says and then does. In fact, Bernanke doesn\u2019t even have to infuse the money. All he\u2019s gotta do is say he\u2019s going to next week. (claps) Bammo! (sigh) Folks, this is a bubble. They\u2019re creating a huge bubble. <\/p>\n

This is not real. Well, it depends how you define it. But that\u2019s Eric\u2019s point. It\u2019s not based on earnings, what\u2019s happening in the market. It\u2019s not happening as a result of real strength or weaknesses in American industries. So they\u2019re creating a bubble here, and at some point this has to burst. At some point, they stop pumping money into it. Somewhere, at some time they have to stop — you would think — and that\u2019s a bubble. There are a lot of people that thought it woulda happened by now. But, Eric, I appreciate the call. Thank you el mucho.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: This is Eric in Latham, New York. Glad you waited. You\u2019re up next, sir. Hello. CALLER: Rush, moles and moles of dittos from the sweltering liberal stranglehold of New York State. RUSH: Thank you, sir. CALLER: This might be related, I don\u2019t know, to all the stuff we\u2019ve been talking about, in terms of […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nThe Bernanke-Obama Bubble Must Burst - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"The Bernanke-Obama Bubble Must Burst - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: This is Eric in Latham, New York. Glad you waited. 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Glad you waited. You\u2019re up next, sir. Hello. CALLER: Rush, moles and moles of dittos from the sweltering liberal stranglehold of New York State. RUSH: Thank you, sir. CALLER: This might be related, I don\u2019t know, to all the stuff we\u2019ve been talking about, in terms of […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","twitter_misc":{"Written by":"GeorgePrayias","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/admin.rushlimbaugh.com\/#website","url":"https:\/\/admin.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg"},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/","name":"The Bernanke-Obama Bubble Must Burst - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/#primaryimage"},"datePublished":"2013-07-17T18:52:16+00:00","dateModified":"2013-07-17T18:52:16+00:00","author":{"@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/07\/17\/the_bernanke_obama_bubble_must_burst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"The Bernanke-Obama Bubble Must Burst"}]},{"@type":"Person","@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4","name":"GeorgePrayias","image":{"@type":"ImageObject","@id":"https:\/\/admin.rushlimbaugh.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g","caption":"GeorgePrayias"},"url":"https:\/\/admin.rushlimbaugh.com\/daily\/author\/GeorgePrayias\/"}]}},"_links":{"self":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/11913"}],"collection":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/comments?post=11913"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/11913\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=11913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=11913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=11913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}