{"id":30529,"date":"2008-10-01T01:01:01","date_gmt":"2011-05-19T03:15:36","guid":{"rendered":""},"modified":"2011-05-19T03:15:36","modified_gmt":"2011-05-19T03:15:36","slug":"why_the_blame_business_matters","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/10\/01\/why_the_blame_business_matters\/","title":{"rendered":"Why the Blame Business Matters"},"content":{"rendered":"
\n

RUSH: Once again checking the e-mail here in the obscene profit time-out. People think, ‘Rush, can\u2019t you move on from this? I mean, it\u2019s going to pass. The bailout is going to pass, and it\u2019s going to be law. Let\u2019s move on. There are other things out there. We\u2019ve got Gwen Ifill and the Palin-Biden debate tomorrow.\u2019 We\u2019re going to get to all that. Let me tell you why this is important. Let me tell you why this blame business is important now. Somebody is going to get blamed for this, right now. Somebody\u2019s going to get blamed. The Democrats have been desperate to find a Republican to pin this on, and they can\u2019t. There isn\u2019t a Republican anywhere in sight who has any culpability in this. Yet before this is all over and before it\u2019s all fixed, the Democrats are going to blame somebody. <\/p>\n

McCain is out there saying, ‘No, we\u2019ve gotta deal with the blame later. Right now we gotta fix the crisis.\u2019 Well, the problem for Senator McCain is, he is losing ground in the polls. I don\u2019t care why. I\u2019m being flooded with paranoid people concerned about how the press has destroyed Palin. We\u2019ve got polling data today that says that the media coverage of Palin is why McCain is plummeting in the polls. I don\u2019t care why. He has to do something to stop it. By ‘plummeting,\u2019 he\u2019s down six in some polls, down eight in others. We all knew the Drive-Bys were going to destroy Sarah Palin. We all knew they were going to try it. We all know why; she\u2019s not one of them. <\/p>\n

It\u2019s just like Clarence Thomas. Like I said when the first assault hit on her weeks ago, ‘They had to destroy Thomas \u2019cause he didn\u2019t go through the liberal prescriptions to get where he is.\u2019 It\u2019s the same thing with Sarah Palin. So let \u2019em have at her. We knew it was going to happen. I don\u2019t want to go (crying), ‘I can\u2019t believe what the media is doing to Palin!\u2019 There is a way to fix both of these things, but if McCain is unwilling to assign blame here… This thing right now is all economy, economy, economy, and the Democrats know it. The people in this country are angry and there is hell to pay out there right now, and part of hell to pay is figuring out who\u2019s responsible for this. Now, Senator McCain says that he wants to stay above the fray, that now is not the time to assign blame. <\/p>\n

Well, the problem is he\u2019s not hearing the public. He is not aware of the visceral rage and anger out there. It is indeed time to assign blame. We\u2019re talking financial destruction on the part of a lot of American families. Somebody\u2019s going to get blamed, you can damn well count on it, and the Democrats are not going to wait until January to assign blame. In fact, I\u2019ll guarantee you right now you know who\u2019s getting the blame for this? McCain! You can see it effervescing out there. ‘Yeah, McCain came off the campaign trail, big grandstand play. Went there to settle the crisis, nothing happened, had to leave. McCain\u2019s ineffective. McCain didn\u2019t get anything done.\u2019 CNN blamed me yesterday, but that\u2019s inconsequential. <\/p>\n

Now, C. Edmund Wright writes a piece today at the American Thinker called, ‘Time for McCain to Name Names — ‘[S]hort of properly assigning blame to the liberal policies and politicians who are responsible for this mess, the blame will automatically fall to the current Presidential administration and by extension, his party. Right or wrong, that\u2019s how our politics play out. McCain simply has no choice now. He will start doing what he claims he loves to do related to government corruption — naming names…\u2019 In that debate the other night, I got worn out listening to him talk about all the people from Washington who are in federal prison because he went after \u2019em on corruption. Senator McCain, there are some people serving in Congress today, sir, that need to be federally prosecuted. <\/p>\n

There are some people who used to work at Fannie Mae and Freddie Mac who need to be prosecuted and sent to federal prison, so they can be prison mates with all these other guys who seem happy they are there. It is indeed time to name names. ‘Cause if Senator McCain does not name ‘names he will be thrown on the ash heap of electoral shame alongside Bob Dole, George H. W. Bush and so on.\u2019 He set the stage for naming names. He set the stage for being anti-corruption with his remarks in the first 45 minutes of the debate last Friday night. Now, Mr. Wright says this: ‘The good news for McCain, should he decide to grasp it, is that the party against which he is (supposed to be) running can easily be pegged with the lion\u2019s share of the blame regarding our economic meltdown. There is no doubt that liberal policies on energy and housing have combined to put the country in this situation, and only unwinding these policies will lead the nation out of this problem. <\/p>\n

‘Naming names properly will name a whole lot of folks with ‘D\u2019 beside their names. Congress, of course, is now led by the very people who put us into this mess to begin with. If McCain thinks he can thread the needle in a bi-partisan fashion here, he is sadly mistaken. If he does not point out the facts, then his party will take the blame for and he will not win the election. … As far as he has run from President Bush, he will never get as far away from Bush as Obama can. … Recently he has been out rambling on about government spending, CEO pay and earmarks.\u2019 He did that at the debate Friday night. ‘Yawn. None of this is pertinent unless you point out that Fannie Mae and Freddie Mac were Democrat earmarks and that the worst CEO pay abuse in recent memory is Franklin Raines\u2019,\u2019 his ‘incentive compensation from Fannie triggered by fraudulent accounting. McCain did not bother to point any of that out of course. We must not ‘assign blame.\u2019 … [I]f McCain will not assign blame,\u2019 and go after corruption like he claims to want to go after corruption — right now! — he\u2019s in big trouble.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: We\u2019re going to go to Sewell, New Jersey. This is Katherine. Glad you called. Great to have you on the EIB Network.<\/p>\n

CALLER: Oh, thank you, Rush. Listen, I love you, Rush, but we need to get Senator McCain in the White House, get him in the White House. Don\u2019t keep bashing him with this fair and balanced radio. We don\u2019t hear any of these other liberal stations bashing Obama. Get him in the White House however you can.<\/p>\n

RUSH: What do you think we\u2019re trying to do here, madam?<\/p>\n

CALLER: I know, Rush, but listen, you kill me when you say things against McCain. It kills me because we\u2019re in trouble.<\/p>\n

RUSH: What am I saying against McCain?<\/p>\n

CALLER: Well, you know, you said that he needs to assign blame. Get him in the White House and then he\u2019ll get the blame on.<\/p>\n

RUSH: No, okay, look.<\/p>\n

CALLER: All right, I don\u2019t know as much as you do.<\/p>\n

RUSH: This is not a criticism; it\u2019s a piece of hopeful advice. Let me put this in perspective for you, Katherine.<\/p>\n

CALLER: Okay.<\/p>\n

RUSH: Do you remember a hurricane called Katrina?<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: Well, do you remember all of the blame the Bush administration and the Republican Party got for that?<\/p>\n

CALLER: Oh, I know.<\/p>\n

RUSH: Do you realize that virtually all of what went wrong in Hurricane Katrina, with the levees not being built right, the people not being evacuated, was Democrats?<\/p>\n

CALLER: Yes. Yes, I do.<\/p>\n

RUSH: All right. Well, then jump forward to this.<\/p>\n

CALLER: Hm-hm.<\/p>\n

RUSH: You didn\u2019t hear what I said, if McCain doesn\u2019t get involved in this, he is going to get the blame for this mess —<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: — and that\u2019s going to kill any chance he has of getting elected. He has got to identify who\u2019s responsible for this.<\/p>\n

CALLER: Okay.<\/p>\n

RUSH: There is a public clamoring for this. There\u2019s a public clamoring for a leader who relates to them, who understands them, who\u2019s able to voice their anger and fix the problem so it doesn\u2019t affect them again.<\/p>\n

CALLER: Well, now, see, I love you, and I love what you say, and I know you\u2019re right. It\u2019s just that I\u2019m getting panicked because I don\u2019t want Obama in the White House. That guy scares the heck out of me. That guy is dangerous, he\u2019s dangerous.<\/p>\n

RUSH: I agree more forcefully than you are saying, plus he\u2019s a squirrel.<\/p>\n

CALLER: All right, listen, you change my mind all the time. Now I\u2019ll go with you.<\/p>\n

RUSH: I\u2019m not being critical of Senator McCain here.<\/p>\n

CALLER: No, I know you\u2019re not.<\/p>\n

RUSH: It may sound like it. What I\u2019m trying to do is — I\u2019m just sharing my — for whatever it\u2019s worth, I know with them it\u2019s worthless because they don\u2019t trust me at the McCain campaign, they don\u2019t particularly like me, but believe me, I\u2019m not advising him to do things that are not going to help. I know how the Democrats operate, and right now they\u2019re looking for a way to blame this on McCain, and they\u2019re very close —<\/p>\n

CALLER: Oh, yes.<\/p>\n

RUSH: — to saying he went in there and made a big grandstand play, didn\u2019t get anything done. Yada yada yada.<\/p>\n

CALLER: You know what, Rush, they\u2019re going to do that anyway. They have killed Bush so badly —<\/p>\n

RUSH: Yeah, and guess what, guess what? Bush doesn\u2019t name names, either. Bush doesn\u2019t come around and respond to it, either. And look where Bush is.<\/p>\n

CALLER: I know.<\/p>\n

RUSH: Katherine, I\u2019m telling you something, this is war out there, this is political war. The aggressor in any conflict like this sets the rules. You can sit there and say, ‘I\u2019m going to be honorable. I\u2019m going to stay above all this. I\u2019m not going to name names. I reach across the aisle.\u2019 You know what that tells people? ‘I\u2019ll criticize Republicans, I\u2019ll do what I can to put corrupt Republicans in jail, but I\u2019m not going to mess with my Democrat buds because I like to cross the aisle.\u2019 He can\u2019t name names in one of the biggest political economic scandals in history? Hell\u2019s bells, folks, the Democrats will say this is the worst thing to happen since the Great Depression or the worst thing to happen economically since World War II. Name names. How we know that Senator McCain will root out corruption if he will not call for Barney Frank and Chris Dodd\u2019s resignation now? How do we know he\u2019ll stop mindless government spending if he won\u2019t vote against it now? The bailout bill could bail out McCain\u2019s campaign. Instead he\u2019s letting it be used as cover for the people who caused this. This is not straight talk. <\/p>\n

You know what, America is waiting for a sheriff to roll into Washington and clean the place up, and McCain says he\u2019s the guy. He\u2019s been given a golden opportunity here to prove that he is the change everybody has been waiting for. Americans want change in a way that Obama can\u2019t even imagine. I think McCain, I think the Republicans are looking at a series of hanging curveballs here, but because they\u2019re in Washington, because they read the neutered conservative intelligentsia media, they don\u2019t understand the golden opportunity that they have. How about a speech that speaks truth to power, specific truth? Do you think Main Street would like that? I think there\u2019s an opportunity here waiting to be had. But the whole point about blame, I don\u2019t mean to sound childish like, ‘It\u2019s your fault, it\u2019s your fault.\u2019 ‘No, it\u2019s your fault, it\u2019s your fault.\u2019 I\u2019m talking about political reality. The party in power\u2019s going to get the blame for this when they had nothing to do with it. The party in power is going to get the blame for this. It\u2019s just the way it works. Somebody is going to have to go out there and say, ‘Nope, party in power didn\u2019t do this. Party in power tried to put the fires out.\u2019 If the guy leading the party in the presidential race is not willing to do it, well, then you figure it out. Figure out what it all means and where it\u2019s headed. <\/p>\n

By the way, speaking of the blame, let me just read to you a portion of a Wall Street Journal story in 2006 that confirms what I have told you here about this scandal being larger than Enron — think back how mad you were about Enron, and think what the Democrats did. The Democrats went and got every Enron employee they could find and put \u2019em on television, ‘My investment is gone, my 401(k) is gone, my pension is gone, look what Ken Lay did,\u2019 and Ken Lay was a Bush buddy. Have you seen anybody supposedly hurt by this scandal paraded on television by the Democrats? Nope. Wall Street Journal, this is February 24th, 2006: ‘A report commissioned by Fannie Mae\u2019s board depicts executives of the big mortgage company fretting about how to increase their bonuses and pursuing an investment in a small Florida bank partly to score political points. The report by a team of lawyers headed by former Senator Warren Rudman released yesterday morning also says former executives misled directors about accounting manipulations that helped increase earnings and bonus payments for 1998. It chronicles a vast array of other accounting violations and concludes that many of the mortgage financed company\u2019s policies were ‘motivated\u2019 by a desire to show stable earnings growth and hit earnings targets, thereby bumping up the bonuses of the executives.\u2019 <\/p>\n

This is why, ladies and gentlemen, I get steamed. There is steam pouring out my ears when I turn on the TV today and I watch Obama in La Crosse, Wisconsin, talk about Wall Street fat cats gaming the system and how that\u2019s going to come to an end. This is not a capitalist problem. This is a government problem. The thing Obama says he wants to root out — fraud, fat cats getting their hands on a pile of money that\u2019s not theirs — hello, Obama! It\u2019s the Democrats who did this! Your advisors at Fannie Mae, and in an ancillary fashion, Freddie Mac. There are so many lies being told, there is so much deceit, there is an intricately woven web of deceit here that the Democrats have spun, and it\u2019s just being reported hook, line, and sinker, everybody is falling for it hook, line, and sinker. So Obama goes out, (paraphrasing) ‘I\u2019m going to make sure those Wall Street fat cats, they don\u2019t do this.\u2019 They didn\u2019t do this to the extent they\u2019re involved. They were under the gun. They were told to make loans to people who couldn\u2019t pay \u2019em back, or else! <\/p>\n

It\u2019s just like Katrina. Bush took the hit for this. He didn\u2019t do anything. It was Democrats running New Orleans, it was Democrats running Louisiana, screwed it up. From evacuations to shoring up the levees to using the money they were given to shore up the levees legitimately. You put a big pile of money in front of Democrats and they\u2019re going to find a way to get it and blame Republicans for letting them. It\u2019s just absurd what is happening here. This is why, to me, the blame game is crucial. The blame game to me is part of the presidential election. Folks, look. Fannie Mae, Freddie Mac, what do they do? They extended loans to people who couldn\u2019t pay \u2019em back. Charles Gasparino, Newsweek reporter now at CNBC who covered the story, gave his theory on a December 28th, 2004 edition of CNN\u2019s News Night with Aaron Brown. <\/p>\n

Mr. Gasparino called Fannie Mae a politically correct company. He said, ‘They do all the things that, let\u2019s face it, liberal journalists like. They put home mortgages out there for poor people, and so right now beating up on Fannie Mae is kind of politically incorrect, you can\u2019t do it, just can\u2019t do it.\u2019 This was 2004. Can\u2019t beat up on Fannie Mae, by design. Who are they lending money to? Who are people that can\u2019t afford it? The poor? Minorities? There was one story that an illegal immigrant got $400 grand to buy a house! An illegal immigrant, $400,000 to buy a house. Or close to — I don\u2019t think he got 400,000, he bought a $400,000 house, is what it is. Regardless, you know what we\u2019re really talking about here? In a sense, we\u2019re talking about reparations. Fannie Mae and Freddie Mac were used to pay reparations and that\u2019s why we can\u2019t take the money back by foreclosing. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Once again checking the e-mail here in the obscene profit time-out. People think, ‘Rush, can\u2019t you move on from this? I mean, it\u2019s going to pass. The bailout is going to pass, and it\u2019s going to be law. Let\u2019s move on. There are other things out there. We\u2019ve got Gwen Ifill and the Palin-Biden […]<\/p>\n","protected":false},"author":25,"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":"\nWhy the Blame Business Matters - 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\/2008\/10\/01\/why_the_blame_business_matters\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Why the Blame Business Matters - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Once again checking the e-mail here in the obscene profit time-out. People think, ‘Rush, can\u2019t you move on from this? 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