{"id":310832,"date":"2019-06-03T16:02:00","date_gmt":"2019-06-03T20:02:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=310832"},"modified":"2019-06-04T16:26:56","modified_gmt":"2019-06-04T20:26:56","slug":"why-liberals-dont-like-robert-smiths-commencement-gift","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2019\/06\/03\/why-liberals-dont-like-robert-smiths-commencement-gift\/","title":{"rendered":"Why Liberals Don\u2019t Like Robert Smith\u2019s Commencement Gift"},"content":{"rendered":"

RUSH: How many of you remember the name…? Well, you won\u2019t remember the name Robert Smith.\u00a0 Do you remember the story? This billionaire hedge fund guy, an African-American, who was at Morehouse university doing the commencement address, and he promised to pay off the graduating class\u2019s student loans.\u00a0 Now, you would think that this would have been met with applause and cheers.\u00a0 But noooo.\u00a0 The left is outraged!\u00a0 They are beside themselves with anger.<\/a>\u00a0 “Well, what about everything else?” they are saying.\u00a0 Who is this guy?<\/p>\n

\"\"“Robert Smith was raised in a working-class Denver neighborhood in the 1970s. A high-school science class in his junior year sparked his interest in transistors, the building blocks of computers, cellphones and other electronic devices. … He applied for a summer internship there but was told it was available only to juniors and seniors in college. Unbowed and impatient, he spent months pestering people in the human-resources department to give him a shot. Eventually, they did.<\/p>\n

“Mr. Smith went on to earn an engineering degree at Cornell and a business degree from Columbia. He worked as a chemical engineer and then as an investment banker. In 2000, he started a private-equity firm that focuses on investing in computer software companies. His net worth today is $5 billion, which makes him, according to Forbes magazine, the richest [African-American] in America.\u00a0 Mr. Smith urges others to be generous with their wealth, and he leads by example. He has financed college scholarships for minorities and women and set up a foundation that exposes inner-city kids to nature and the arts.<\/p>\n

“He funds nonprofit groups that support underprivileged children interested in studying math and science. He gave $50 million to his alma mater Cornell and another $20 million to the National Museum of African-American History and Culture in Washington. He has pledged to commit more than half of his wealth to philanthropy.\u00a0 Mr. Smith has kept a relatively low profile over the years, but earlier this month he made a splash with his commencement address at Morehouse College, a historically black institution in Atlanta.<\/p>\n

“Toward the end of his remarks, Mr. Smith announced that he would pay off the student loans of the nearly 400 graduates. The students … were thrilled, of course, but others just saw another opportunity to score political points.\u00a0 A New York Times story about [this] noted the ‘growing calls across the country to do something about the mounting burden of student loan debt,\u2019 then informed us that ‘presidential candidates like Elizabeth Warren have made debt cancellation a key plank in their campaign platforms.'”<\/p>\n

This guy was said to be going about it the wrong way.\u00a0 The “right” way was what the Democrats want to do! Give it away. Just forgive all the loans.\u00a0 “The paper even found an expert critic of private charity who said he feared that ‘a gift like this can make people believe that billionaires are taking care of our problems, and distract us from the ways in which others in finance are working to cause problems like student debt, or the subprime crisis.'”\u00a0 So here\u2019s a guy, an African-American, who offers to pay off the student loans of the graduating class when he\u2019s doing the commencement speech.<\/p>\n

\"\"And he\u2019s being savaged here because he\u2019s not government and because he\u2019s creating the illusion that billionaires are good people.\u00a0 He\u2019s creating the illusion that billionaires care about people — and we can\u2019t have that!\u00a0 We can\u2019t make it look like billionaires are taking care of our problems.\u00a0 Only government will get for credit.\u00a0 “[A] Times editorial on Mr. Smith\u2019s gift insisted the wealthy could do just that if only the government would raise their taxes high enough.”\u00a0 We wouldn\u2019t need billionaires to do this if other people were paying their taxes properly!<\/p>\n

I\u2019m reminded of David Koch (who is not African-American) and his wife donating something like $50 billion, $100 billion, whatever it was, to build a new wing at some New York Hospital. The nurses and some of the others, employee unions, pestered the hospital not to take the money because the Kochs are a bunch of racists and they\u2019re just trying to make themselves look like they\u2019re not racist.\u00a0 They don\u2019t really mean it.\u00a0 (chuckles) So what is charity really all about, if charity in and of itself is suspect and not permitted when it comes from billionaires, even African-American billionaires?<\/p>\n

Anything that makes the government look like it can\u2019t deal with the problem is gonna be ripped and criticized.\u00a0 Can you imagine this guy how…? He\u2019s being urged not to do this.\u00a0 There is pressure being applied to Robert Smith to withdraw the gift. (impression) “He\u2019s no different than the early robber barons.\u00a0 He\u2019s trying to buy love! He\u2019s trying to buy affection.\u00a0 He doesn\u2019t care about these kids!\u00a0 He\u2019s just doing this for himself.”\u00a0 The same garbage that we always get whenever somebody comes in and effectively takes over the role of government.<\/p>\n

Isn\u2019t this the argument these people always mount about supply-side, that it never trickles down?\u00a0 Hasn\u2019t the argument always been, “The problem with supply-side\u2019s the rich don\u2019t give away the money! You know, it never does trickle down.\u00a0 It always stays with the rich.\u00a0 They never take care of anyone.”\u00a0 So here comes a guy who is demonstrating the antithesis of their criticism of trickle-down. It\u2019s trickling down.\u00a0 Ah, ah, ah! These blatant hypocrites are not… (chuckling) Some days, folks, it just boggles the mind trying to keep all of this straight.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Now, you would think that this would have been met with applause and cheers.\u00a0 But noooo.\u00a0 The left is outraged!\u00a0 <\/p>\n","protected":false},"author":49,"featured_media":310827,"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":"\nWhy Liberals Don't Like Robert Smith's Commencement Gift - 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\/2019\/06\/03\/why-liberals-dont-like-robert-smiths-commencement-gift\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Why Liberals Don't Like Robert Smith's Commencement Gift - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Now, you would think that this would have been met with applause and cheers.\u00a0 But noooo.\u00a0 The left is outraged!\u00a0\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2019\/06\/APP-060319-Robert-Smith.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=\"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\/2019\/06\/03\/why-liberals-dont-like-robert-smiths-commencement-gift\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2019\/06\/APP-060319-Robert-Smith.jpg\",\"contentUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2019\/06\/APP-060319-Robert-Smith.jpg\",\"width\":640,\"height\":360},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2019\/06\/03\/why-liberals-dont-like-robert-smiths-commencement-gift\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2019\/06\/03\/why-liberals-dont-like-robert-smiths-commencement-gift\/\",\"name\":\"Why Liberals Don't Like Robert Smith's Commencement Gift - 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