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RUSH: The president was at the White House this morning. He kicked up his community organizing again, this time against Big Oil. And this is something he does two or three times a year, trying to get a mob together to distract from the Keystone pipeline and what\u2019s happening with gasoline prices and his moratoriums on drilling and his refusal to permit new drilling.<\/p>\n
It\u2019s dominant in the classroom and it\u2019s dominant on the movie screens. But in real life the people that make this country work are not liberal. Liberalism is not the backbone of America. It\u2019s not what makes the country work. It\u2019s what\u2019s trying to tear the country down. And for liberals to triumph — for them to win elections, for them to persuade you — they can\u2019t sell their ideas. They have to demonize their opponents. And in this case Barack Obama needs an enemy, and if you pay attention, they\u2019ve got an enemies list. And virtually every major private sector, industrial sector is an enemy. Big Oil, Big Pharmaceutical, Big Retail (i.e., Walmart), they are all enemies. They\u2019re out to screw the little guy. And the liberals set themselves up as the guardians and the saviors.<\/p>\n
So Obama needs enemies, and those enemies must be discredited, must be impugned. And, if necessary, Obama and the Democrats, whoever, will lie about their enemies. Knowing full well that they\u2019re gonna have the support of the mainstream media to perpetuate and amplify the lies. In this case Obama has to shift the blame for high gasoline prices, high unemployment, lousy economic activity, and no economic recovery. There is not one element of Barack Obama\u2019s presidency that he can point to as he runs for reelection and say, “You want more of that? Vote for me!” Because nobody wants more of what Obama has. Nobody wants more of what Obama\u2019s done. Nobody wants higher gas prices. Nobody wants more joblessness. Nobody wants more economic stagnation.<\/p>\n
We don\u2019t want any more foreclosures. We don\u2019t want the president being an obstacle to drilling for more oil. Nobody wants more of what Obama is. Obama\u2019s only hope is to make you think that his opponents are worse.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Let\u2019s get to these sound bites because the president told the nation this morning the oil companies are greedy and under-taxed. The oil companies are the problem, not his policies. So to solve the problem of high gasoline prices, Barack Obama said the oil companies must take on higher costs, more overhead. They need a larger tax bill. Gas prices have doubled since Obama took office, and he wants them to double again, and it\u2019s the oil companies\u2019 fault. Now, somebody explain to me how increasing the costs on the oil companies is gonna reduce gasoline prices. Answer: it won\u2019t. Here\u2019s Obama this morning, and this is what liberals want and believe. Sorry. That\u2019s Bloomberg. That\u2019s a different bite. Bloomberg, he wants everybody to pay higher taxes, not just the oil companies. This is Obama. Nothing\u2019s worked so now he\u2019s gone back, the old Democrat playbook, Big Oil is the enemy. This is in the White House Rose Garden.<\/p>\n
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RUSH: But note, they still must be punished. You must hate them. You must be suspicious of them, because they\u2019re earning too much profit, which is none of his business. They\u2019re earning profits on what they\u2019re selling, on what people are buying. The free flow of oil at market prices is the fuel of the engine of freedom. They\u2019re making too much money. So they have to be punished. By the way, they don\u2019t get subsidized, folks. This is another blatant lie. It is a blatant lie about tax subsidies. Big Oil does not get subsidized. They have tax breaks like many other industries do, just like you have a home mortgage interest deduction. And the tax breaks they have are to incentivize their production and exploration for oil. <\/p>\n
Their tax breaks are not to cause you to pay higher prices. Their tax breaks are there to facilitate more supply and thus cheaper prices. Oil companies pay about 40 cents in tax for every dollar they earn. Apple pays 20 cents in taxes on every dollar they earn. Congress gave them those tax breaks. Big Oil didn\u2019t steal them. The law of the land. Anyway, the point, the Democrats rejected Obama\u2019s plan today. The US Senate defeated the oil subsidies bill despite Obama\u2019s call. We\u2019re actually illustrating something here. These Obama sound bites happened before the Senate voted. After he made this big plea for the Senate to get rid of these oil tax breaks, the Senate, the Democrat controlled Senate rejected Obama and the subsidies or the taxes, tax breaks for the oil companies survive. The Democrats in the Senate ignored him. Here\u2019s the second sound bite.<\/p>\n
OBAMA: Instead of taxpayer giveaways to an industry that\u2019s never been more profitable, we should be using that money to double down on investments in clean energy technologies that have never been more promising. Investments in wind power and solar power and biofuels, fuel-efficient cars and trucks and energy efficient homes and buildings.<\/p>\n
RUSH: Stop the tape.<\/p>\n
CALLER: That\u2019s the future.<\/p>\n