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RUSH: We start in Bismarck, North Dakota, and, Mark, you\u2019re up first. Thank you for calling, sir.<\/p>\n
CALLER: Hi, Rush. Nice to meet you.<\/p>\n
RUSH: Thank you, sir, very much.<\/p>\n
CALLER: Yeah, I was just calling to make a correlation that everybody wants wealth creation over job creation. If an employee wanted job creation over wealth creation, they\u2019d simply ask for the lowest wage possible so that every employer could create more jobs for the company.<\/p>\n
CALLER: That every single person, when they get a job, they\u2019re looking for the highest wage that they individually can get. They\u2019re not trying to look for the lowest wage so the company can create the most jobs. It\u2019s simple, natural, healthy self-interest.<\/p>\n
RUSH: Well, that\u2019s undeniable. Actually, I could get a little esoteric with this. There are some people who are satisfied with what they earn, but I don\u2019t want to get off on that tangent. I\u2019ll accept the premise, and that is that Americans want wealth creation over job creation. Which takes me to an even larger question. We talk about the job market being bad and people can\u2019t find work and the work that they can find is not satisfying. And there\u2019s that. <\/p>\n
And there\u2019s this: “Home prices fell in the first quarter to new post-crisis lows.” Home prices dropped 2%. I don\u2019t know how these prices could drop even lower than they already have dropped in the last three years. But for people who own homes, it is their biggest investment. It\u2019s quote, unquote, the American dream. So home values are plummeting. Many people are underwater already. They owe more than their home is worth. And yet that was what they all aspired to. The American dream encompassed many things, but home ownership was the anchor. And that was the number one wealth creating asset that people had, so they were told. And you need a good career with expansion opportunities, high wage opportunities in order to maintain a house, buy a house, make the payments on it and so forth. <\/p>\n
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But in fact, Obama\u2019s locked in the 1930s. Obama\u2019s a New Dealer. Obama thinks the future is to go back 50 years. Obama thinks this country is a giant failure. Obama thinks this country\u2019s never worked. And the vast majority of Democrats agree with him. Now, whether people have heard him say — and he has said it — whether people have heard him say it or whether they intuit it, they know that that\u2019s not right. They know that our best days should not be behind us and they don\u2019t want that to be the case, but we have a sitting president running for reelection using the slogan “Forward” who actually wants to take us back to the New Deal, to the 1930s. That\u2019s American greatness to Obama. But nobody alive really wants that. Nobody wants to go back 50 years. Maybe culturally in some instances people would like a little bit more innocence. I\u2019ve been thinking about that a lot, too, and generations, you know, as you get older, the younger generation just appears more radical and bunch of losers. <\/p>\n
I think every older generation looks at the young that way, for a while. But this time people are looking at the younger generation and really thinking, “My God, they\u2019re not prepared or equipped to do anything.” And those who are going to school are being taught a bunch of gibberish, and they\u2019re coming out in such debt that they\u2019re never gonna get ahead. All of these things, when you combine them, add up to an attitude of nervousness and skittishness. I think a lot of people can\u2019t really get their arms around. It\u2019s not just that we don\u2019t have job creation. It\u2019s not just that home prices are falling. It\u2019s not just that we have all this debt. It\u2019s what\u2019s behind that. <\/p>\n
It is the thinking that\u2019s led to this that has people on edge and nervous, and maybe not being able to understand why. I think this is in large part what gave birth to the Tea Party. It is said that it\u2019s all the spending and all the debt — and that\u2019s true. But what it represents and what it means for the future is what really got people out of their homes and going to these town halls. People may not be able to tell you specifically what\u2019s going wrong, but they know that the Obama way, the Democrat Party, this is just not the way we have advanced in this country. It\u2019s not the way things got done. Who knows, could we win D-Day today, for example?<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: So it\u2019s not just that people want the job market to improve; they know that things have to happen first before the job market improves. I think most people who are sensitive to this have a fear that the nation is in a real decline. It\u2019s not a forecast decline. It\u2019s not a warning that we will be in decline unless we do X, Y, and Z. It is that the decline has begun. Now, we have a bunch of different age-groups in this country, obviously. Seasoned citizens, for example. One reason why so many of them are finally opposed to Obama is they now understand who he is. They know his record, and they have seen it before. <\/p>\n
They have been alive long enough to know that Obama\u2019s way doesn\u2019t work, that it\u2019s 50 years old, that it did not lead and fulfill a promise that all of its advocates made 50 years ago. A lot of people are old enough to know the New Deal was not all that it was cracked up to be. And the real reason that Obama is revising his campaign, for example, throwing away white working-class voters, not attempting to get their votes, is because he knows he can\u2019t fool them anymore. His record betrays him. His record betrays whatever lofty language is contained in his speeches, which, by the way, there isn\u2019t much. There\u2019s not a lot of optimism that comes out of Obama\u2019s mouth. There\u2019s not a lot of hope and change. There\u2019s not a lot of inspiration. There\u2019s not a lot of American exceptionalism taught. There\u2019s not a lot of talk about American greatness. <\/p>\n
What you get out of Obama is America has never worked and it\u2019s time to change it. Well, now, they know what Obama\u2019s change is. It\u2019s this giant, giant welfare state. He can only sell this vision to the young, which is why nine out of ten of his speeches are on college campuses today, or other places where the audience is of a relatively similar age, young people who just haven\u2019t been alive long enough, they don\u2019t know enough about the history of the country to know that socialism is not the American way. They haven\u2019t been taught, by the way, that it\u2019s a failure. They\u2019ve been taught just the opposite, in fact. They believe the best health care system in the world is in Cuba. They believe nonsense like this. This is what they\u2019ve been taught. They don\u2019t know that it\u2019s never worked anywhere. Never. It hasn\u2019t worked anywhere, even at the point of a gun. And eventually it requires the point of a gun to keep people in line. <\/p>\n
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<\/a>Obama genuinely generally is rooted in the past. The stuff that Obama is pitching for everybody now is the stuff that the Obamas of old were pitching when Shirley Temple was the new star in Hollywood and King Kong was the big, new blockbuster. That\u2019s how old Obama\u2019s ideas are, and they are held by people who have a romantic notion that only they can make socialism work because only they are the ones smart enough in the history of the world to pull it off. And not enough money has been spent on it in previous attempts. <\/p>\n