{"id":17263,"date":"2011-11-30T18:07:12","date_gmt":"2011-11-30T18:07:12","guid":{"rendered":""},"modified":"2011-11-30T18:07:12","modified_gmt":"2011-11-30T18:07:12","slug":"europe_s_problem_is_liberalism","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/","title":{"rendered":"Europe\u2019s Problem is Liberalism"},"content":{"rendered":"<p>RUSH: The economic news is continually bad. Some of it\u2019s disheartening. (interruption) Well, I\u2019m gonna get to&#8230; (interruption) Okay, Snerdley is saying, &#8220;How are we saving Europe?&#8221; Europe has kicked their problem down the road for in other ten days. Here\u2019s what you really need to know, if anything, about Europe. Can you believe that Poland has asked Germany to use its power to bail them out? In our lifetimes, would you ever believe that that could happen? Number two. The International Monetary Fund is not meant to be used as it is being used here. Without going into great detail, the International Monetary Fund is not to prop up countries. It\u2019s a temporary infusion to help, at best currencies, but it\u2019s not meant as it\u2019s being used now. The latest plan for the IMF &#8212; which is us, and we don\u2019t have the money, either.<\/p>\n<p><img id=\"eZObject_56697\" class=\"alignright\" align=\"right\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Obamageddon.jpg\"\/><BR\/>Nobody has any money. None of this is real. In the meantime, in Great Britain&#8230; Folks, there are so many little stories out there today that, alone, they don\u2019t say a whole lot. But after a passage of time if you look at any one of them, they foretold a massive event to come. There are two of them, actually. This business with the British embassy in Iran being attacked and shut down is tiny little story, but it\u2019s not gonna end well. This is one of these things just like the 1979 hostage crisis for the United States. Our embassy was attacked, and hostages were taken. No Brit hostages have been taken in Iran, but there were all kinds of things that led up to that 1979 taking of our embassy that didn\u2019t really register until after the fact, and you put \u2019em all together, and there was a pattern.<\/line><\/p>\n<p>You could see a story was developing. In Great Britain, pensioners, public workers &#8212; their equivalent of the TSA &#8212; walked off the job at the airports which incidentally has caused operations at the airports to run much more smoothly. With two-thirds of the bureaucrat employees on strike, everything\u2019s running better but they\u2019re on strike because they are being asked to contribute a measly 3% to their pensions, and they are also objecting to a pay increase of only 1%. Now, Britain doesn\u2019t have any money. <a view=\"line\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?p=17260\">American Airlines <\/a>has filed for Chapter 11, because they don\u2019t have any money. They have been negotiating with their pilots union for five years on a new deal, and the union won\u2019t go along with it. The other airlines against whom American is now competing have &#8212; in some instances during some periods of their fiscal year &#8212; shown a profit. Now, the airline industry as a whole&#8230;<\/p>\n<p>This may shock you. The United States airline industry as a whole has never shown a profit in a single year. Individual airlines have, but the industry has not. So now American is simply going bankrupt. Thirty-one percent of their costs (I think I saw this yesterday) is labor, and they are now in a situation where they\u2019re not competitive, they can\u2019t compete with the other airlines who have struck deals with unions that have lowered some of their labor costs. So American had no choice here but than to file Chapter 11, which is a way to get out of some of the debt and to reorganize. So I am not comfortable saying this, but the obvious is the obvious, and I said this last night to that great crowd in New York: &#8220;You traverse our economy and wherever you find a problem, you\u2019re gonna also find a union. In most cases, it\u2019s gonna be a public employee union.<\/p>\n<p><img id=\"eZObject_56712\" class=\"aligncenter\" align=\"middle\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/EuropeProtests.jpg\"\/><BR\/>In Philadelphia, this incompetent schools chief. I forget what her actual title is. She might have been superintendent of a school district or some such thing. She might have been citywide. She was incompetent. She got canned a lot later than she should have, but it took \u2019em a while to get up the guts to fire her. So she gets fired. They gave her a severance package of close to a million dollars, and the first thing she did was go out and apply for unemployment benefits, and they were granted! Meanwhile, a guy who is in charge of, I think, police officers (who have also been laid off) is having to fight tooth and nail to get them unemployment. Now, these people, you know, taking a million dollars of taxpayer money as a severance, &#8220;Oh, no, that\u2019s not enough! No, now I gotta going to do more. I\u2019ve gotta going to do my unemployment.&#8221; There\u2019s no end to this.<\/line><\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Now, Snerdley just told me during the break he just heard that the Federal Reserve floated a $600 billion loan to a couple of European banks or else it\u2019s gonna be the end of the world.  And that\u2019s true.  However, that\u2019s the tip of the iceberg.  You want the real number?  Freedom of Information Act request produced some information, it was on the Fox Business Channel last night between seven and eight o\u2019clock, one of the Fox networks.  Seven-point-two trillion has been spent and lent by the Federal Reserve to bail out banks all over the world since 2008.  Seven-point-two trillion United States dollars printed by the Federal Reserve to bail out banks around the world since 2008.  Yesterday, what you\u2019re talking about, Snerdley, what you\u2019re all agitated about, $600 billion was lent to the European Central Bank by the Fed to keep the banks open and the European Union, to kick that can down the road ten more days because if those two major banks would have failed, in financial world parlance it would have been the end of the world. It wouldn\u2019t have started the end of the world. <\/p>\n<p>That\u2019s how they did it in 2008.  Remember it was gonna be the end of the world if we don\u2019t do TARP.  It\u2019s gonna be the end of the world financial system if we don\u2019t do this now.  So, Snerdley, it\u2019s not $600 billion yesterday.  It\u2019s $7.2 trillion since 2008 that the Fed &#8212; nobody has any money.  Where do you think this money is going?  It\u2019s going to people who do not and have not worked.  And it had better fail at some point.  Otherwise it\u2019s gonna implode. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: The economic news is continually bad. Some of it\u2019s disheartening. (interruption) Well, I\u2019m gonna get to&#8230; (interruption) Okay, Snerdley is saying, &#8220;How are we saving Europe?&#8221; Europe has kicked their problem down the road for in other ten days. Here\u2019s what you really need to know, if anything, about Europe. Can you believe that [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Europe&#039;s Problem is Liberalism - 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:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Europe&#039;s Problem is Liberalism - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: The economic news is continually bad. Some of it\u2019s disheartening. (interruption) Well, I\u2019m gonna get to&#8230; (interruption) Okay, Snerdley is saying, &#8220;How are we saving Europe?&#8221; Europe has kicked their problem down the road for in other ten days. Here\u2019s what you really need to know, if anything, about Europe. Can you believe that [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Obamageddon.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GeorgePrayias\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@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:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Obamageddon.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Obamageddon.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/\",\"name\":\"Europe's Problem is Liberalism - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/#primaryimage\"},\"datePublished\":\"2011-11-30T18:07:12+00:00\",\"dateModified\":\"2011-11-30T18:07:12+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4\"},\"breadcrumb\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Europe\\u2019s Problem is Liberalism\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Europe's Problem is Liberalism - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/11\/30\/europe_s_problem_is_liberalism\/","twitter_card":"summary","twitter_title":"Europe's Problem is Liberalism - The Rush Limbaugh Show","twitter_description":"RUSH: The economic news is continually bad. Some of it\u2019s disheartening. (interruption) Well, I\u2019m gonna get to&#8230; (interruption) Okay, Snerdley is saying, &#8220;How are we saving Europe?&#8221; Europe has kicked their problem down the road for in other ten days. Here\u2019s what you really need to know, if anything, about Europe. 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