{"id":30920,"date":"2008-11-18T01:01:01","date_gmt":"2011-05-19T03:05:28","guid":{"rendered":""},"modified":"2011-05-19T03:05:28","modified_gmt":"2011-05-19T03:05:28","slug":"clueless_zombies_on_capitol_hill","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/","title":{"rendered":"Clueless Zombies on Capitol Hill"},"content":{"rendered":"<section>\n<p>RUSH: It is sad and funny at the same time. It was predictable, a lot of people did predict it. They were right. What is going on on Capitol Hill today is a testament to the cluelessness of the people in charge of supposedly saving this economy. It is absolutely absurd to watch all this go down. Barney Frank is mad that the money is not being spent to buy out mortgages. He\u2019s mad that the money is not being lent by the banks. He\u2019s mad that the money is not being used as it should be used. The one thing about this is the central planner that they hired on this &#8212; the central planner, Hank Paulson &#8212; he\u2019s just doing what he was empowered to do. <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.89380.ImageFile.jpg\" width=\"300\" height=\"200\" class=\"alignright\"\/>He\u2019s in charge. He is a dictator when it comes to this bailout money. They gave him the power. I don\u2019t even know why they have the right to call him up there and have him explain what he\u2019s doing. How many times have I read to you the preamble, sections 1 and 2, the purpose of the bailout legislation? I don\u2019t know how many people have not noticed this, but the Secretary of the Treasury was given 100% power. Isn\u2019t it amazing again that these guys in Congress &#8212; the House of Representatives and the Senate who passed this bill, wrote it and set it up &#8212; are now acting outraged that there hasn\u2019t been any oversight. They\u2019re the ones that are supposed to have been doing the oversight. <\/p>\n<p>So just like Hurricane Katrina and the aftermath, just like any other calamity when a bridge collapses or anything else, the people in charge of it get to set themselves up as spectators; surprised and shocked that this is happening and how come nobody told \u2019em? &#8212; and they get away with it. The architects of this disaster are now questioning the man they gave total power to run this whole show, as though he\u2019s screwing up. They didn\u2019t want the hot potato. They wanted to get the credit for signing up and getting the $700 bill out there, but they threw it off on Paulson, and what Paulson basically did is go, &#8216;Whew! Now some of my close friends are not going to have sell their houses in the Hamptons and won\u2019t have to move to Yonkers.\u2019 <\/p>\n<p>Basically, what you have here is Wall Street has taken over Washington. Paulson knows it. Everybody else knows it. And these guys are now questioning Paulson as to what he\u2019s going to do and he\u2019s going up there and taking the heat, but he knows in his back pocket he\u2019s got the legislation that granted him total power to do whatever he wanted. Congress is just&#8230; I mean, I\u2019ve never seen such an exercise in self-loathing. It\u2019s hard to watch &#8212; and I have been watching it because, my friends, it is my job. I\u2019ve been watching it. They spent&#8230; Have you heard the latest policy from Obamaism? (interruption) Well, there\u2019s a whole bunch of them, Mr. Snerdley. But Obama wants &#8212; He talked about this with McCain in the meeting yesterday, &#8216;ending corporate welfare\u2019 as they sit there and debate whether or not to send $25 or $50 billion to the auto industry. <\/p>\n<p>But yet they\u2019re going to &#8216;end corporate welfare.\u2019 We\u2019re not ending corporate anything! We\u2019re in the business of nationalizing as much of these business as possible. Congress spent the last six years doing what? Blasting the 2002 resolution of force agreement against Iraq that they authored; and if you remember, they demanded a second vote on this. The Democrats were reading the tea leaves going into the midterm elections in November in 2002. The Democrats said, &#8216;You know, we\u2019re not on the right side of this Iraq thing. The American people are all fired up and want to go in there.\u2019 So they demanded &#8212; even after they had granted the president authority to use force at the time of his choosing, they demanded &#8212; a second vote. <\/p>\n<p>Tom Daschle and Kerry did, so that they could get on record, be on record to have everybody in the country know they supported this. Yet for the last six years, they\u2019ve been acting like they had nothing to do with it, like Bush lied to them, like this is a total Bush operation. They wrote this $700 billion bailout bill. Most of them passed it, signed it, voted for it without having read the whole thing. Now they tell us that they are stunned that there hasn\u2019t been any oversight? I don\u2019t know where the oversight is when you grant the Treasury secretary full power to do with this 700 billion whatever he wants to do with it, because he is empowered here to &#8216;ensure the economic security of the American people.\u2019 <\/p>\n<p>They have expressed extreme disappointment that they passed the Bush tax cuts. They\u2019re lashing out at the central planner they created and empowered. Public approval ratings of Congress are at practically an all-time low. And even Congress doesn\u2019t seem happy with the decisions that they have been making. This is just a joke to watch them. We\u2019ve got some audio sound bites coming up, but it is literally a joke. And I tell you, folks, in all candor we could sit here and we could do Will Rogers and we could make fun of them (and we do), but this is quite a teachable moment. Because there\u2019s so many people in this country, so many voters, so many average citizens think government is the solution to their personal problems, local problems, state problems, federal problems. <\/p>\n<p>The government can handle it. The government should do something. Every time the government\u2019s empowered to take care of a crisis, they make it worse! It doesn\u2019t get solved, and yet people continue to somehow buy into the notion that government is the solution to these problems. It\u2019s not. The individual entrepreneurs are &#8212; and poor old Mark Cuban, he had it dead on right yesterday at that post at the Huffington Post and he\u2019s all upset because not one member of Obama\u2019s economic team is an entrepreneur, and he said entrepreneurs are the guys that are going to be the key to the economic recovery. I said, &#8216;Mark, entrepreneurs are the targets of Barack Obama.\u2019 They\u2019re the ones that are going to be paying all these new tax increases. They\u2019re the ones Obama does&#8230;<\/p>\n<p>He wants to limit their ability to &#8216;access the American dream,\u2019 quote, unquote. Of course there are not any entrepreneurs around Obama. He believes that government, central planning is the focus. So many people put their blind faith in the government to take care of things, eliminate problems, and now this is a joke, what is happening with all of these supposed bailouts, what\u2019s happening in the states. The city of New York, the mayor there wants people to limit the amount of salt that they use? This is just getting beyond the point of absurdity. It really is. At some point, you sit here and you desperately hope that enough people will realize that when the government says they\u2019ve got the answers, they don\u2019t. <\/p>\n<p>But I\u2019ve been thinking this for 20 years, and we\u2019ve had spurts where people have realized it. We always seem to go back to the default position that government can handle it. This is a collection of fools. This is a collection of zombies. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: These are uncertain times. These are times of great concern. When you don\u2019t have any stability out there, when you\u2019ve got volatility, I don\u2019t care how much money people have, there are any number of ways you can lose it. If you\u2019re in the muni bond market, what if the issuers of the bond say sorry they\u2019re no longer AAA, what did they get rated down to AA or single-A, I mean they can do anything. Look at all the investments that people had in stock and look at the price of the stock, it fell. These kinds of things can happen. The AAA muni bond market is still pretty strong and still pretty solid, but when you have this kind of instability, when you have this kind of incompetence masquerading as a physician fixing what\u2019s wrong with you up on Capitol Hill, nobody\u2019s confident what\u2019s going on here. <\/p>\n<p>This Treasury secretary hasn\u2019t the slightest clue what he\u2019s doing. Bernanke doesn\u2019t know what he\u2019s doing. We gave him $700 billion, half of it\u2019s been used. Everything we were told was not true about it. We were told we couldn\u2019t wait. We were that this bailout had to happen or it was over now and we\u2019re hearing the same thing about the auto industry: If we don\u2019t get this, it\u2019s over. All this crisis stuff. I was thinking the other day, I was watching &#8212; I\u2019m going to name names &#8212; but I was watching a bunch of different business channels out there during the original debate over the $700 billion. I can remember some of these info babes and anchors going on and on and on, sounding just like they owned the companies on Wall Street and owned banks. &#8216;We\u2019ve got to do this. We\u2019ve just got to do this. I\u2019m talking to X, and I\u2019ve talked to this person, I\u2019ve talked to them, we can\u2019t wait.\u2019 These are journalists on business channels. &#8216;We can\u2019t wait. This must be done. The effects if we don\u2019t do this, we don\u2019t even want to think about.\u2019 And so the first vote failed, it took a week or so to get the next vote, everything was chunking along just fine, country didn\u2019t go down the tubes, people didn\u2019t get laid off, institutions didn\u2019t crumble, people weren\u2019t jumping out of banks. <\/p>\n<p>By the way, there are some protesters outside Wall Street today, little cardboard signs that say, &#8216;Jump, you SOBs.\u2019 Some people want \u2019em to start jumping out of the windows on Wall Street. But, look. So we got the $700 billion. It cost $850 billion to get the 700 because they had to give some of these guys in Congress sops, as in pork, to get them to authorize it. So the Treasury secretary single-handedly empowered to use the money, he has given out 200 to 300 billion of it. There has been no noticeable change in the circumstances that warranted the bailout, and in fact, ladies and gentlemen, the original purpose of the bailout, which, among other things, was to buy up these toxic assets, i.e., worthless paper, it was last week that Hank Paulson, the Treasury secretary, the central planner, the single most powerful man in America by virtue of the bailout legislation, went out and had a press conference, &#8216;By the way, we\u2019re not going to buy up the toxic assets. We need this to bailout the credit card companies,\u2019 the same day that American Express asked for a bailout for their credit card default and then other companies are getting in line. <\/p>\n<p>So the original purpose &#8212; remember, now, if we didn\u2019t do this, it was over. If we didn\u2019t do this, the United States of America was finished as we know it. We had all these information people on television, &#8216;We\u2019ve got to do this,\u2019 when the first vote was taken, the Republicans were not getting on board, these info babes and anchors on some of these business channels were excoriating these Republicans. Remember this? Okay, so the original purpose, buying up toxic assets and freeing up banks and lending institutions to lend, it hasn\u2019t happened. We\u2019re not going to buy the toxic assets, and they\u2019re not lending any money. Instead, we\u2019re now bailing out states, credit card companies, maybe auto companies. And the guys who wrote the legislation are having investigative hearings today to find out what the hell went wrong. How are we still a nation? I want to know how we are still functioning, based on what they told us. <\/p>\n<p>So, damn right, Snerdley, there\u2019s a whole lot of people, maybe want hands-on suffering, but you don\u2019t have to suffer in an exact sense in order to be disquieted about this or a little bit concerned. Because with this kind of incompetence and this kind of instability, this kind of volatility, you got an incoming administration, and nobody knows yet just how soon further crippling policies will be enacted, such as tax increases, raises in the capital gains rate, nobody who runs a business, large or small, can plan out cost of labor or any other fixed costs for the future because they have no idea what these clowns in Washington are going to do. When we have the private sector of this country having to wait day by day to find out what these muddle heads are going to do with the nation\u2019s economy, tell you that there\u2019s a lot of instability out there and a lot of people are concerned, and a lot of people are worried about losing what they\u2019ve got. When you hear the state of New York saying &#8212; I mean, what\u2019s happening in that state, what\u2019s happening in that city, the ideas they\u2019re coming up with to raise money, there are people saying, &#8216;Well, what if they just decide to say they\u2019re going to take half of everybody\u2019s assets, they\u2019re just going to take half of everybody\u2019s net worth,\u2019 what\u2019s to stop \u2019em? What\u2019s to stop \u2019em? You can shake your heads and say that\u2019s outrageous. Do you know how bad this credit thing is? <\/p>\n<p>These guys have been living on borrowed money and borrowed time for all of these years, personal, business, government. The dirty little secret here, we don\u2019t have nearly the capital to underwrite all the debt that has been taken on by people in this country from individuals to businesses to banks, to corporations, to states, to what have you. When we hear that the Federal Reserve loaned somebody $2 trillion two weeks before the $700 billion bailout, they loaned two trillion, we don\u2019t know to who, we don\u2019t know to how many, we don\u2019t know why, and we don\u2019t know what the repayment circumstances are, and they won\u2019t tell us. Two trillion. The annual federal budget is three trillion. The Fed just loaned &#8212; where did they get it? Cash reserves? It\u2019s either going to have an inflationary effect or deflationary, and neither circumstance is good. And now we have all these businesses telling us they\u2019re going to collapse if they don\u2019t get bailed out. I don\u2019t blame anybody for having concerns here over the lack of stability, and when you see what these guys in Washington are doing, and when you take a look at what the mayor of New York and the governor of New York, what their ideas are to raise money, and this idiot, Schwarzenegger, what his ideas are to raise money out in California, while at this time, all these people are still planning on moving ahead with the global warming agenda, which is going to cost people even more freedom and liberty and taxes. <\/p>\n<p>This, to me, looks like the governments, many of them, state, and, of course, the federal government, just trying to take over as much &#8212; we say freedom and liberty; I think they\u2019re trying to get their hands on as much money as they can. Remember, their attitude is that all money in this country is theirs. I told you last week, they look at the whole federal budget and they look at what programs cost them. What does it cost them to allow us to have an IRA? What does it cost them to have us not be taxed as income, our health benefits, paid for by employers, what does that cost them? Why do you think they\u2019re messing around with 401(k) revisions? They\u2019re looking at what all of these tax breaks, incentives, what have you, all of their policies, all their programs, what does it cost them? They\u2019re up there plotting ways to get their hands on as much money as they can. And so no matter how much or how little you have, when you know this, you sit in trepidation every day and say, &#8216;What are they going to come up with next to take what I\u2019ve got?\u2019 Because one thing we know about every damn one of these people up there, they\u2019ve got what it takes to take what we\u2019ve got. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: I just checked the e-mail: &#8216;Rush, Rush, Rush, it sounds like you think the bailout isn\u2019t gonna work.\u2019 It\u2019s not. I\u2019m sorry for being so unclear about this. It\u2019s not that I don\u2019t think it\u2019s gonna work, it\u2019s that I know it\u2019s not gonna work, and the reason it\u2019s not gonna work is because Bernanke and Paulson are fighting the market, and the market will always win. The market is the market, and it will always win, and they can\u2019t manipulate it. Folks, if anybody had figured out a way to manipulate the market, do you realize there would never be anything other than 100% growth and prosperity for one and all, at all times. If anybody were able to manipulate the market to make that happen, he would be president for life, and then they would clone him, and his cloned offspring would be presidents for life. No government has ever been able to guarantee prosperity. No government has ever been able to fix the market. <\/p>\n<p>The market takes care of itself. And until all of this pressure, all of this desire to manipulate &#8212; and there\u2019s more going on here. This is not just altruistic. This is not these congressional leaders and financial leaders trying to save the country. This is a bunch of people trying to use the government\u2019s pile of money to save their own bacon. It\u2019s no more complicated than that. But when they do that, when they use other people\u2019s money to shore up their own businesses, then you see what falls out of that: utter, total chaos. There is no guarantee that any entity, be it a human being, a small business, a large business, or an animal, there is no guarantee that that entity always enjoys prosperity, never encounters problems, and doesn\u2019t fail, and never gets fired, or never goes broke. Those things don\u2019t exist because every entity sees itself having all kinds of problems, challenges to overcome, some of them are worse than others, some fail, some get killed, some die off, what have you. <\/p>\n<p>This effort to manipulate all this is just gonna make it worse and the people doing the manipulating know it\u2019s going to make it worse but to them there\u2019s something more important in the short run and that\u2019s saving themselves. Members of Congress do it every day to save themselves from decisions they\u2019ve made. Greatest example is this. Most recent great example is this. They write a piece of legislation, $700 billion to save America\u2019s economy, they put one again in charge of it, the Treasury secretary, they give him dictatorial control, total authority no oversight, and today they\u2019re doing hearings wondering where the oversight is and why this guy is doing what he\u2019s doing and he doesn\u2019t even owe them an answer, in truth. He was given total authority to do what he wants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: It is sad and funny at the same time. It was predictable, a lot of people did predict it. They were right. What is going on on Capitol Hill today is a testament to the cluelessness of the people in charge of supposedly saving this economy. It is absolutely absurd to watch all this [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clueless Zombies on Capitol Hill  - 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:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Clueless Zombies on Capitol Hill  - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: It is sad and funny at the same time. It was predictable, a lot of people did predict it. They were right. What is going on on Capitol Hill today is a testament to the cluelessness of the people in charge of supposedly saving this economy. It is absolutely absurd to watch all this [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.89380.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/www.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/#webpage\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/\",\"name\":\"Clueless Zombies on Capitol Hill - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/#primaryimage\"},\"datePublished\":\"2011-05-19T03:05:28+00:00\",\"dateModified\":\"2011-05-19T03:05:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Clueless Zombies on Capitol Hill\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Clueless Zombies on Capitol Hill  - 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:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/11\/18\/clueless_zombies_on_capitol_hill\/","twitter_card":"summary","twitter_title":"Clueless Zombies on Capitol Hill  - The Rush Limbaugh Show","twitter_description":"RUSH: It is sad and funny at the same time. It was predictable, a lot of people did predict it. They were right. What is going on on Capitol Hill today is a testament to the cluelessness of the people in charge of supposedly saving this economy. 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