RUSH: You know, we had the story the other day about the gross domestic product. By the way, stand by sound bites 1 and 2. We had the news that GDP, revised GDP 3% economic growth and job creation, real jobs, not part-time jobs, real job creation now skyrocketing. You know where the Washington Post put that story? They put it on page A-18.<\/p>\n
On CNN yesterday, the infobabe Brooke Baldwin was talking to the noted Wall Street Journal writer and economist Stephen Moore, what brought the subject up, who brought up the idea that the gross domestic product in just seven months has outdistanced anything we saw in eight years of Obama. This led to the CNN infobabe to begin shouting and cutting away from Stephen Moore and doing everything she could to prevent him from elaborating and continuing to make the point.<\/p>\n
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She just would not allow him to point out that we never even got to 2% growth under Obama for eight years. Now already seven months into Trump, we\u2019re up to 3%. So what\u2019s happening is that the Drive-Bys are keeping that news as secret as they can. They\u2019ve got a built-in excuse now with Hurricane Harvey and the recovery efforts to totally ignore and abandon the story, which they are doing.<\/p>\n
But the economy is growing and it\u2019s growing at a rapid rate, and this is exactly why the time is precisely right to do tax cuts and tax reform. Now, at the end of the program yesterday — let me just play for you what I said<\/a>. Audio sound bite number 1. This was near the end of the program. I had to get in there, get it, and get out pretty quick, but this is essentially it.<\/p>\n RUSH ARCHIVE: Okay. Trump has begun his speech in Springfield on tax reform, just now getting into it. There are three lies that the media and the Democrats say after every Republican tax proposal. They are this: The Reagan or Bush tax cuts didn\u2019t work. They then say the rich are not gonna be paying their fair share in this. And that it has to be revenue neutral. Those are the three things. You watch. After Trump finishes, those three lies will be part of the media reaction to whatever he says.<\/p>\n These are authors, these are people who\u2019ve had contact one way or the other with the Obama administration. There are three things. They\u2019ll say the Reagan or Bush tax cuts didn\u2019t work, which of course they did. In fact, there\u2019s a stunning stat about the Reagan tax cuts. They will say the rich are not gonna be paying enough, the rich are getting a break, the rich are not paying their fair share, and any proposal must be revenue neutral or we cannot support it. Now let\u2019s listen to see if we hear any of that in this montage.<\/p>\n AUSTAN GOOLSBEE: Let us return to reality, okay? The last time the country did this was when George Bush cut taxes for high-income people and big corporations.<\/p>\n BRIAN KLASS: It\u2019s just a complete lie that it\u2019s going to have this trickle-down effect and massively create jobs. There\u2019s no evidence to suggest it happens.<\/p>\n AUSTAN GOOLSBEE: If he\u2019s just going to keep stating that he wants to cut taxes by something like $6 trillion, somebody somewhere has got to say how they\u2019re going to pay for it.<\/p>\n ROBERT WOLF: This isn\u2019t going to be corporate tax reform. It\u2019s really a tax cut. It\u2019s not going to be revenue neutral.<\/p>\n JULIA CHATTERLEY: Is there any consensus here on whether or not this is going to be revenue neutral? And of course it\u2019s critical.<\/p>\n ANNA EDGERTON: It has to be revenue neutral.<\/p>\n RON INSANA: More tax cuts to wealthy individuals, to corporations, but not to middle class individuals.<\/p>\n JARED BERNSTEIN: These benefits go to households in the richest part of the income scale.<\/p>\n RUSH: What does it mean, folks, when I can totally, accurately predict the reaction and response of liberal Drive-Bys and economists whenever a Republican tax cut is proposed? What does it mean that I can almost predict word-for-word what they\u2019re gonna say? What does it mean?<\/p>\n It means they\u2019re speaking from a script. It means they are totally politicizing. It means they\u2019re not even paying attention to the specifics of what\u2019s been proposed. All it means is they want no part of a tax cut, and they\u2019re gonna do everything they can to try to convince the American people that a tax cut would be the worst thing \u2019cause it\u2019s gonna cost the federal government money — not being revenue neutral — the rich are gonna get the lion\u2019s share of the tax cut, and they\u2019re not gonna trickle it down. They\u2019re not gonna share with anybody so you\u2019re gonna get worse off.<\/p>\n It\u2019s what they\u2019ve been saying since the 1980s and Ronaldus Magnus. And yet every time tax cuts like this have been tried, they have worked, and that\u2019s why these people are really panicked. Same reason they\u2019re panicked over Trump. Trump cannot be seen as successful. They can\u2019t permit it. They cannot permit. So Trump\u2019s 3% economic growth, put it on page A-18 and ignore it on cable news, don\u2019t even report it.<\/p>\n Trump\u2019s tax cut, “It\u2019s typical. It\u2019s the same as Bush. It\u2019s the same as Reagan. It\u2019s a tax cut for the rich. It blows through the federal budget deficit, and it\u2019s not revenue neutral, and it doesn\u2019t help the middle class.” What it ought to tell you is that the people on the left mounting this opposition are entirely dishonest and nothing but robots reading from talking points and a script right out of the Democrat left-wing playbook on how to deal with the subject of tax cuts.<\/p>\n BREAK TRANSCRIPT<\/p>\n RUSH: So Trump goes to Springfield, Missouri, yesterday to pitch tax reform. You know what? There\u2019s a story in Breitbart<\/a> today that says what Trump ought to do is combine the rescue efforts, the FEMA and all that rescue efforts in Houston with his infrastructure bill. I said that the day we came back, Monday. It was Monday where I came up with that idea. It\u2019s a brilliant idea. I saw it in Breitbart yesterday.<\/p>\n![\"\"](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/RushTaxesSpending.jpg\")
RUSH: That was at the end of the program yesterday. And now we have a montage of reaction to Trump\u2019s speech in Springfield, once again illustrating that I know who these people are, and I know what they say. I know what they\u2019re gonna say before they say it. I accurately can predict them. Our montage here is of Austan Goolsbee, Brian Klaas, Robert Wolf, Julia Chatterley, Anna Edgerton, Ron Insana, and Jared Bernstein, and these are all economic advisers, CNBC, CNN.<\/p>\n