{"id":261252,"date":"2018-01-22T14:00:00","date_gmt":"2018-01-22T19:00:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=261252"},"modified":"2018-01-23T16:31:55","modified_gmt":"2018-01-23T21:31:55","slug":"trumps-not-getting-credit-for-the-economy-yet","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2018\/01\/22\/trumps-not-getting-credit-for-the-economy-yet\/","title":{"rendered":"Trump\u2019s Not Getting Credit for the Economy — Yet"},"content":{"rendered":"

RUSH: To Albany we go, and this is Sal. Great to have you, Sal. What\u2019s up? What\u2019s shaking?<\/p>\n

CALLER: Hey, thanks, Rush. To one of your earlier points, not even Obama believed his policies would contribute to the recent economic success. I say that because when he was on stage back campaigning for Hillary, he was asking his audience, “How does Donald Trump plan on bringing manufacturing jobs back to the states?” And he says sarcastically, “What is he going to do, wave a magic wand?” He wasn\u2019t touting his prior policy. He just looked so unqualified at that moment to talk about economics and how to grow an economy, just like so many unsuccessful lawyers where their fallback in this country is conning American people, getting elected, and having the perks that come along with it. Do you agree?<\/p>\n

\"\"RUSH: I think… (interruption) No, no. I think this is a good point. He\u2019s referring to the point I made in the first hour about the economy vis-a-vis the shutdown. I mean, the economy is roaring and the stock market. They hit an all-time high after the shutdown deal was signed, after the votes, after we were assured the shutdown would end. So the Dow right now is at 26,138. And then I mentioned — and it\u2019s important to mention again — we\u2019re just in the early stages. Apple is repatriating a net $210 billion.<\/p>\n

You talk about a stimulus?<\/p>\n

Then they are gonna add another $350 billion in investment in the country by building a new headquarters and employing 20,000 people, 20,000 new employees. So Apple is looking here at an infusion of a little north of half a trillion dollars, all because of what? The Trump tax cut! Apple had no choice, whether they wanted to or not. The responsibility to shareholders requires them to bring home that money — $250 billion parked overseas — because of the American tax rate 35%. There\u2019s a one-time repatriation rate of 15%. So Apple is gonna pay $38 billion in taxes, and that net is gonna be repatriated plus the $350 billion.<\/p>\n

But the key here is what signal that sends, what message that sends. That\u2019s going to indicate, that\u2019s gonna prove to corporations and industries around the world that the United States is the place to do business now, all because of a tax cut that not one Democrat voted for, all because of a tax cut that every Democrat said would not work. The Democrats said, “A corporate tax cut does not help average people. It\u2019s crumbs! It\u2019s gonna raise your taxes. The Republicans only care about corporations and they\u2019re helping them, but that\u2019s not gonna mean anything to you.”<\/p>\n

It\u2019s just the exact opposite. So Apple makes north of a half trillion dollars in investments, raises, bonuses. Apple\u2019s bonuses are $2,500 in stock to their employees, over 120,000 employees. Two hundred companies have announced raises, expansion of benefits, bonuses — and all of those are gonna be taxed at a much lower rate. So guess what\u2019s happening? Obama and the Democrats are trying to claim that all of this — all this increased economic activity — is because of Obama, and I\u2019ve got polling data, which is from last week, that indicates…<\/p>\n

\"\"<\/p>\n

I call it “the Reverse Limbaugh Theorem.” Remember what the Limbaugh Theorem was? That Obama positioned himself as outside the government. Because when the economy was tanking, when the economy was going down, when the economy was stagnating and when we were hearing that Obama\u2019s the perfect guy to manage the decline, I was stunned that Obama was not getting any blame for it. That Obama, in the polling, was not being hurt by a plunging, declining economy, and I chalked it up to the Limbaugh Theorem.<\/p>\n

The Limbaugh Theorem is that Obama is not seen as responsible for it. They keep talking about the mistakes George W. Bush made. And Obama is this great warrior, and he\u2019s just arrived, and he\u2019s working as hard as he can to reverse it. But they lied to him! They didn\u2019t tell him how bad the economy was when Bush transferred the keys to Washington to him, and so Obama\u2019s been working feverishly, but he\u2019s only can do so much. So the Limbaugh Theorem was Obama stands aside; appears to be outside.<\/p>\n

He didn\u2019t get elected. He\u2019s still campaigning against what\u2019s going on in Washington. When in fact, what\u2019s going on in Washington is directly attributable to his policies. Well, the reverse Limbaugh Theorem is that now here comes Obama\u2019s successor and massive, definitive, easily explainable policy changes have resulted in a massively, rapidly growing the economy. And Obama literally has nothing to do with it — and therefore, he comes in and says he does. And his peeps are coming, “Yeah, this is the Obama economic policy finally coming to fruition.”<\/p>\n

So then that\u2019s what the media is reporting, and that\u2019s what people in polling questions are responding to. It\u2019s not gonna hold up, though. Obama has no relationship. Obama\u2019s fingerprints aren\u2019t on one instance of economic growth. It\u2019s not what they wanted, folks. Sal here is right. Obama told all these people in Indiana and Ohio that these manufacturing jobs weren\u2019t coming back. (impression) “Trump\u2019s got this magic wand? What\u2019s he gonna do? How\u2019s he gonna make it happen? Can\u2019t! Those jobs are gone.” Obama didn\u2019t even try to make people think he wanted those jobs to come back.<\/p>\n

Now he\u2019s out there claiming credit for it?<\/p>\n

It isn\u2019t gonna last, folks.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Bob in Coronado, California. Great to have you with us, sir. How are you doing?<\/p>\n

\"\"CALLER: Doing great, Rush. My question revolves around this Apple situation, 120,000 people are getting a very sizable bonus. Many of them are Millennials\/Gen Y people and so forth. Of course, the real base of all these bonuses expands into millions of people. But just focusing on the Apple group sort of answer my question, and that is many of these kids — and I see many Apple Stores. They\u2019re hardworking kids, but I guarantee you they\u2019re liberal as they can be. They\u2019re fresh out of college.<\/p>\n

RUSH: Right.<\/p>\n

CALLER: And they are hopelessly liberal, and you could never talk \u2019em into being conservative in a million years. Yet do you think a $2,500 bonus could possibly start undoing that?<\/p>\n

RUSH: Boy, I so hope so. I hope this kind of thing has an impact. I have hoped for things like this for I can\u2019t tell you how long. Here you have a bunch of people who have been raised liberal, and who\u2019ve been propagandized, and American corporations are selfish and evil — except the one they work for. They\u2019re selfish and they\u2019re evil and they\u2019re rotten and heartless and all that and they don\u2019t care about health care! They don\u2019t care about climate change, and blah, blah, blah, blah, blah.<\/p>\n

And then all of a sudden here comes a bonus, here comes a raise, here comes expanded benefits, and it\u2019s all because of Republican tax policy. You would hope that this might go, “Wait a minute. This is not the way I have been taught.” Now, if they\u2019re thinking people, that might happen, but if they\u2019re the product of emotional propaganda, if they\u2019ve been… If they\u2019ve been emotioned, for lack of a better word, into being liberal, then this is not going to be the magic wand that you would hope. But a continuation of these kind of things can have an impact that we may not see immediately, and that\u2019s what I hope for.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Remember what the Limbaugh Theorem was? <\/p>\n","protected":false},"author":49,"featured_media":261273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\nTrump\u2019s Not Getting Credit for the Economy - Yet - 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\/2018\/01\/22\/trumps-not-getting-credit-for-the-economy-yet\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Trump\u2019s Not Getting Credit for the Economy - Yet - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Remember what the Limbaugh Theorem was?\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/01\/FB-002-012218-Reverse-Limbaugh-Theorem.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"George Prayias\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 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:\/\/www.rushlimbaugh.com\/daily\/2018\/01\/22\/trumps-not-getting-credit-for-the-economy-yet\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/01\/FB-002-012218-Reverse-Limbaugh-Theorem.jpg\",\"contentUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/01\/FB-002-012218-Reverse-Limbaugh-Theorem.jpg\",\"width\":640,\"height\":360},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/01\/22\/trumps-not-getting-credit-for-the-economy-yet\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/01\/22\/trumps-not-getting-credit-for-the-economy-yet\/\",\"name\":\"Trump\\u2019s Not Getting Credit for the Economy - 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