{"id":31724,"date":"2009-02-18T01:01:01","date_gmt":"2011-05-19T02:45:12","guid":{"rendered":""},"modified":"2011-05-19T02:45:12","modified_gmt":"2011-05-19T02:45:12","slug":"obama_announces_rezko_rescue_bail_out_losers_punish_achievers","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/","title":{"rendered":"Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers"},"content":{"rendered":"<section>\n<p>RUSH: Folks, are you ready for the &#8216;Rezko Rescue\u2019? The Rezko Rescue plan to be announced in mere moments by the Bamster, President Obama, who is staying at a foreclosed resort out in Arizona. He claims he didn\u2019t know that it was foreclosed when the staff decided to pick the place. McCain also is going to use the same foreclosed resort to announce his campaign for a fifth term, and I assume that neither of those two guys\u2019 staff people had any idea that this resort was foreclosed on a day that the Rezko Rescue plan is to be announced. <\/p>\n<p>Greetings, folks. How are you? Great to have you here. Rush Limbaugh, the EIB Network, the Limbaugh Institute for Advanced Conservative Studies. He\u2019s staying at a resort. Well, he\u2019s got a big staff, gotta stay someplace, resort, hotel, whatever it is, but it\u2019s foreclosed. The same kind of place the AIG guys go, yeah, and the same kind of place that the Citibank people go, the same kind of place people fly their private jets to when they go there, Obama is staying there. Here\u2019s the phone number, 800-282-2882. The e-mail address is ElRushbo@eibnet.com. Now, ladies and gentlemen, for those of you along the line, the board ops at our over 600 affiliate radio stations, a couple questions today. Are you going to join in progress, are you gonna carry the Obama announcement? No. We are not going to carry the announcement. This is strategic of Obama to try to preempt this program or to get himself on this program, \u2019cause if he gets himself on this program, I am not on the program. I\u2019m not going to fall for this. The timing of these press conferences, these special announcements and so forth, yesterday\u2019s was at 2:40, we didn\u2019t JIP that. We\u2019ve got the statement; we\u2019ve got the prepared text; we know what he\u2019s going to say. Cookie and the team are rolling on it and we\u2019ll have the sound bites. <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.89380.ImageFile.jpg\" width=\"280\" height=\"418\" class=\"alignright\"\/>I don\u2019t need to wait for what Obama is going to say about this to be able to tell you what is coming. The reason I call this the &#8216;Rezko Rescue\u2019 is that Barack Obama knows how hard it is to get what you want when it comes to buying a home. But with guys like Tony Rezko, you can always get what you want, whether you can afford it or not. Now, as I\u2019ve looked at the parameters of the Obama housing plan, I would think that you victims of Bernie Madoff, people who lost big value in their IRAs and their 401(k)s, home mortgage companies who lost out in the crisis, all these people could legitimately get in line for free money. Let me give you a brief overview of this plan as we know about it from several news sources including the New York Times. There are two groups of homeowners here that are being looked at by the plan. The first group is made up of people who cannot afford their mortgages &#8212; by the way, the price of this is $75 billion. That is a key number, about which I\u2019m going to make a salient point in mere moments. The first group is made up of people who cannot afford their mortgages and have fallen behind on their monthly payments. Many of the people here in group one took out loans they were never going to be able to afford. <\/p>\n<p>Now, how does that happen? The New York Times just glosses over this, but how in the name of Sam Hill do you take out a loan that you were never going to be able to afford? It seems that somebody had to tell the lender to do that, and we know that\u2019s exactly what happened. The Community Redevelopment Act started with Carter, beefed up with Clinton, it was one of the specialties of Barney Frank and Chris Dodd, it\u2019s called affordable housing. Fannie Mae and Freddie Mac bought up all this worthless paper, started inventing all kinds of things, derivatives and you name it to try to give value to this worthless paper, and that got us largely in the place that we\u2019re in now. Many people took out loans they were never going to be able to afford, never! That means somebody knew from day one they were never going to be able to pay back the loans. Some of these people have since lost their jobs. They are still in the homes. About three million households fall into category number one, and without help, they will lose their homes. So the first group is made up of three million people who can\u2019t afford the mortgages, who took out loans they were never going to be able to afford. <\/p>\n<p>The second group is far larger. It is made up of more than ten million households that can afford their monthly payments but whose houses are worth less than what is owed on their mortgages. In real estate parlance, they\u2019re underwater. If they want to stay in their homes, they\u2019ll have no trouble doing so, but some may choose to walk out voluntarily rather than continue to make payments on an investment that may never pay off. Obama has apparently decided to focus on the first group, based on the previews of his speech that his aides have put out there. So let me sum this up for you: $75 billion in the Rezko Rescue plan. It is gonna go to group one, people who couldn\u2019t afford the house and mortgages they entered into in the first place. Group two is going to get hardly anything, maybe nothing. They are made up of over ten million people. They are making payments on their homes, but they\u2019re underwater because of the plunge in housing prices caused by the first group. The larger group is making their payments but the value of their home\u2019s plummeted, going to get nothing. The plunge in their housing prices, the value of their home caused by group one. <\/p>\n<p>The responsible people in the second group are going to get the equivalent of diddly-squat. What Obama is going to do is bail out the first group, which has contributed directly to the misfortune placed by the second group. So to personalize this, you live in a house, you\u2019re making the mortgage payments, but the price of your house has plummeted, it\u2019s now worth less than what your payments will add up to. A lousy investment. You can stay in your house, but not much can be done to raise the value of your house. The first group, which had no prayer of ever being able to pay it back and is not paying their mortgages, that\u2019s who\u2019s going to be bailed out in the Rezko plan. Well, you in the second group, you do get eight dollars a week in the tax credit plan in the Porkulus bill. It\u2019s not as though you\u2019re getting nothing. From Obama\u2019s prepared remarks, it will establish a $75 billion fund, his bailout plan here, &#8216;to reduce monthly payments for another three million to four million homeowners stuck in subprime mortgages they can\u2019t afford as a result of skyrocketing interest rates or personal misfortune.\u2019 Personal misfortune? How big is that loophole? You could fly Air Force One through that loophole. <\/p>\n<p>How many of us have not had personal misfortune because of all this? How many of you with kids going to college have seen your college fund cut by half? Is that not personal misfortune? &#8216;The initiative is intended to reach millions of responsible homeowners who are struggling to afford their mortgage payments because of the current recession, yet can\u2019t sell their homes because prices have fallen significantly.\u2019 Now, the text doesn\u2019t say what he\u2019s going to do for this group. It talks about what he\u2019s going to do for group one. &#8216;But by making these investments in foreclosure-prevention today, we will save ourselves the costs of foreclosure tomorrow &#8212; costs borne not just by families with troubled loans, but by their neighbors and communities and by our economy as a whole.\u2019 You know, it\u2019s too bad, it\u2019s just too bad that we all didn\u2019t have Tony Rezko to get us a good deal on our houses like he did for Obama. Obama got a house he couldn\u2019t afford but the way he did it was Rezko, with Rezko and his wife. So this plan, we ought to call this the &#8216;Rezko Rescue,\u2019 getting a great deal on a house you could never afford, and then having a sugar daddy, in this case the federal government, come along and make it whole and make it good. <\/p>\n<p>Now, if you\u2019re in the second group &#8212; and I\u2019m surprised, I think this group is a lot larger than ten million people who have seen the value of their homes plunder, it\u2019s gotta be more than ten million people. You have to understand that the three to four million who can\u2019t pay, who were never going to be able to pay, they are the ones getting bailed out. That\u2019s classic Obama. Obama has a mind-set that this country treats the disadvantaged very poorly and does so on purpose. I think Obama has got a bug in his hair. I think he\u2019s got a chip on his shoulder about race; I think he\u2019s got a chip on his shoulder about poverty; I think he believes it\u2019s caused and planned and maintained by power brokers, and I think what Obama\u2019s doing behind all the flowery rhetoric is getting even. He\u2019s happy to see Wall Street go to hell, he\u2019s happy to see these big time execs, be it in Australia, be it the auto industry, he\u2019s glad to see them come begging to Washington, he\u2019s glad to see them hurting. <\/p>\n<p>I think Obama epitomizes what I have said about liberalism: You spread misery equally. That\u2019s how you get equality. And so now he\u2019s the agent for people who he sees at the bottom of the scale in capitalism who are victims of capitalism, and he\u2019s standing up for them at the expense of everybody else. The government, Barack Obama now picking winners and losers, which is one of the definitions of centralized authority, Central Planning government. What Obama needs &#8212; and this is a New York Times passage &#8212; &#8216;the Obama approach brings risk\u2019 because the administration is betting that very few of you in group two, you underwater homeowners will walk away &#8212; and, by the way, a year from now, according to MoodysEconomy.com, a year from now the number of homeowners underwater &#8212; that is your payments are worth more than your house is &#8212; will number about 15 million. If those people begin to abandon their homes in large numbers, just walk away from them, they will aggravate the housing bust and the financial crisis and probably force the administration to come up with a new, much larger housing bailout down the road. <\/p>\n<p>So Obama is figuring that those of you in group two who are going to sit by and watch people in group one who could never afford the loans they got, be bailed out while you\u2019re not, they expect you\u2019re just going to stay there in your home and continue to pour money into a losing investment rather than walk outta your mortgage or walk outta your house. That\u2019s what he\u2019s banking on, that you\u2019ll sit there and basically get sand kicked in your face from the bully on the beach. &#8216;Frederic Mishkin, a member of the Fed\u2019s board of governors until last year, notes that if even 10 percent of the underwater homeowners walked away, foreclosures would soar, exacerbating the economy\u2019s many problems.\u2019 So pressure is now going to be brought to bear on those of you in group two, while you\u2019re seeing group one be bailed out, you hang in there and be tough, you go ahead and throw money into your losing investment. They\u2019re banking on the fact you\u2019re going to do this because you need a roof and because you need shelter and because you can afford the monthly payment. They\u2019re banking on the fact that you\u2019re going to continue to throw money into a losing investment and they\u2019re counting on the fact that you\u2019re going to hope and pray that over time the value of your house will come back. <\/p>\n<p>Now, I\u2019ve gotta take a break. When we come back, I want to take these numbers that we just heard about, we heard three to four million, we heard ten million, so we\u2019re talking, what, 13, 14 million people. I want to use that number and put this $75 billion to work because basically what we\u2019re talking about here is $75 billion to help about nine or ten million families. How does that math work out?<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Snerdley is telling me during the break that he bought his house at the top of the market. He\u2019s one of these people &#8216;underwater.\u2019 The bank has told him there\u2019s no equity in his house. Now, what was your question? You want to be able to call the bank and get a lower payment? Well, now, there is a Reuters version of all this, and it\u2019s the only version which says that some four to five million of you in group two might be offered some refinancing help. I\u2019ll go through that in just a second, but Reuters is the only place that has that take. The New York Times and everybody else, puts these people in Group One and Two. Group One is going to get the bailout, and Group Two is going to get very little &#8212; and this is based on the pre-released, the released text of Obama\u2019s statement. <\/p>\n<p>We\u2019ll know the facts if he\u2019s changed it before he speaks, when he speaks. Now, CNBC, they have a reporter there named Michelle Caruso-Cabrera and she said, &#8216;The new Obama housing plan is going to give a break to those who least deserve it: people who bought more house than they can afford. It will reward those who made all the wrong decisions. &#8230; Think this through for a second. Your home value, along with all your neighbors, has gone down in the last year. But now your neighbor, who bought above his means and can\u2019t make the payments, because of a reset to the REAL monthly cost of the loan, is suddenly going to get a gift. Well what about you? You did the right thing. You didn\u2019t buy more than you could afford. But you don\u2019t get a break.\u2019 Now, the Reuters version of the story is this. <\/p>\n<p>&#8216;President Barack Obama on Wednesday pledged up to $275 billion to help stem a wave of home foreclosures that sparked the US financial meltdown&#8230;\u2019 I read these sentences, and I want to go off on tangents explaining them and how they\u2019re wrong and all that, but let me stick with the elements here. &#8216;The plan not only helps responsible homeowners on the vernal of defaulting, but prevents neighborhoods and communities from being pulled over the edge, too, according to a summary of the plan that Obama is delivering\u2019 now. Now, here\u2019s what Reuters says: &#8216;It aims to help four million to five million responsible homeowners to refinance and another three million to four million by lowering the risk of imminent default with a $75 billion Homeowner Stability Initiative that will help reduce their monthly payments.\u2019 <\/p>\n<p>Now, let\u2019s just wait \u2019til he is finished. We\u2019re rolling tape on this, and we\u2019ll have the definitive word when he\u2019s finished with his presentation out there. I want to focus on the $75 billion. Reuters says it\u2019s nine million families. Let\u2019s round it off and make it ten. The New York Times says we\u2019re talking about ten million who are not going to get help, three to four million who are. So we\u2019ve got a disparity here of 13 to 14 versus nine or ten. But regardless, let\u2019s use the nine million number. What do you think the total mortgage, what do you think the payoff for these people\u2019s mortgage would be, max number? These people didn\u2019t go out and buy $2 million houses. They\u2019re buying houses that are, what, $500,000, $400,000, $700,000, three and four hundred thousand, people who could never afford it. You figure they\u2019re in that range, okay? So let\u2019s use $300,000. <\/p>\n<p>Ninety-nine percent of the bailout families need about $300,000 to completely pay off a mortgage. I did a little research on this. Some friends of mine, they would need only $160,000 to be out of their mortgage and the equity loan we got for remodeling the house, and they\u2019re not in Group One. These are people in Group Two. Seventy-five billion dollars and nine million people are gonna&#8230; Let\u2019s up it to 500. Brian, do the math. And every time I do this, we get it wrong. I don\u2019t care who I ask to do the math, it always ends up wrong, and I get scientists and mathematic people sending me e-mails with the correction. I need nine million times 300,000. I\u2019m sure some of you wizards out there are doing this in your head, and you have come up with the number. What I do know is, it ain\u2019t going to be $75 billion. Whatever this bailout is going to cost, it is not going to be $75 billion. <\/p>\n<p>This is what I was talking about yesterday when I said that the states and the federal government have boatloads of money. It\u2019s just being spent in wasteful, stupid ways that nobody ever questions. You just say, &#8216;Okay, we\u2019re going to bail out, what, nine million people? Well, that\u2019s wonderful. We don\u2019t want people to suffer, Mr. Limbaugh. We want people to have a fair shot, just like you have. It\u2019s been unfair, Mr. Limbaugh, that you\u2019ve been able to acquire so much, and so many people have so little. So what we\u2019re going to do, is the only fair thing to do.\u2019 All right, fine. Nine million mortgages, $300,000. I still don\u2019t have the number! It\u2019s called a calculator. Twenty-seven plus 11 zeros. I\u2019m going to do this myself. I\u2019ve got three people working on this. (interruption) It\u2019s 2.7 trillion? (sigh) Well, this just makes it even more ridiculous if that\u2019s like the right number.<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: So if we\u2019re going to take nine million of these people who overstepped and took out loans they had no chance of repaying. Of course, I don\u2019t think that\u2019s the actual number now, according to the New York Times, because the stories are conflicting. I just listened to Obama a little bit. Da-da-da-da-da-da. Shoo-shoo-shoo-shoo. I guess it\u2019s three to four million people that we\u2019re going to bail out. And he just said that Group Two, if you are in Group Two, there will be some homeowner stability. They\u2019re gonna help you refinance your mortgage. They\u2019re going to have a judge do this, but not all of you in Group Two. They don\u2019t have the money. They\u2019re going to do all of you in Group Two, but three to four million of you he\u2019s calling &#8216;responsible homeowners who played by the rules and the value of your home has plummeted,\u2019 they\u2019re going to find a way, he says, to help you refinance.<\/p>\n<p>He\u2019s going to do all this for $75 billion. Now, we just, as you know, ran it is numbers, and just using the numbers here in the Reuters story: if nine million families were helped out in toto and just using a mortgage figure of 300 grand &#8212; if the government came in and just paid off every troubled mortgage in this category we\u2019re talking about &#8212; it would cost $2.7 trillion. Obviously they\u2019re not doing that. They\u2019re spending $75 to help nine million families. Now, this is gonna work out to about $8,000 a family. If you divide 75 billion by nine million, and you\u2019re a little bit over, what, 8,000, doing the number in my head here? Now, something here is not working out about this. Look at it this way. If you got nine million families in trouble, just give \u2019em each a million bucks. <\/p>\n<p>What have we spent, $9 million. If you have nine million homeowners in trouble here, and you really want to get this problem off the books, give \u2019em each a million dollars &#8212; I\u2019m not advocating this; I\u2019m running some numbers here &#8212; and we could save a boatload of money. Looking right here. Seventy-five billion to help nine million families, nine million, one million each. What would that be? Oh, yeah, that\u2019s right, nine trillion. We can\u2019t do that. The point is, the numbers, no matter how you crunch them, they don\u2019t add up to offering anybody any serious relief here, the way we figure it, without knowing the values that we\u2019re talking about in mortgages that either people are never going to be able to repay or the second group that\u2019s not going to get much of a bailout at all. So $75 billion divided by nine million, somebody run that. I\u2019m figuring that\u2019s going to be around 8,000. <\/p>\n<p>I\u2019m doing that in my head. I know you\u2019re saying, &#8216;Why didn\u2019t you do this before the program began?\u2019 &#8216;Cause I didn\u2019t think about it before the program! I do my best thinking when I\u2019m on the air, and sometimes it causes us to go through these machinations. I really didn\u2019t think about it, I was focusing on other areas of this, which are this. The bottom line here, folks: You played by the rules, and you\u2019re going to get shafted. The people who didn\u2019t &#8212; the people who were given these loans who never, ever had a prayer of paying \u2019em back; who should not have been given the loans in the first place but were, because of Democrat Party politics &#8212; are now gonna get totally bailed out. We are bailing out the losers in Obama\u2019s plan. There\u2019s a pattern here: whatever it costs and whatever the thinking behind it, we are bailing out losers.<\/p>\n<p>And there has to be a reason for this &#8212; a strategic reason, perhaps a political reason, ideological reason &#8212; and I think I know what it is. I have &#8212; I have studied what Obama has said. I\u2019ve studied where he came from. I\u2019ve studied those things that he was exposed to when he was growing up. I think race is a central factor in determining Obama\u2019s worldview. We heard him talk yesterday from 1998 about welfare reform, and he clearly believes that welfare reform was designed to punish black, inner-city families and people. I think he believes that capitalism &#8212; and he believes it on his own or he\u2019s been taught it and believes it or it\u2019s a combination of things. But he was raised, he was raised by people who have a huge chip on their shoulder about achievers. He grew up that way and he became radical, ACORN and so forth. <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.57694.ImageFile.jpg\" width=\"146\" height=\"300\" class=\"alignright\"\/>I really think that when he says, &#8216;We are going to transform this country,\u2019 I really think what he means is, &#8216;I am out to punish the achievers. I want the achievers to find out what it\u2019s like to be on the lower end of the ladder. I want the achievers to find out how their success has made people feel.\u2019 He believes that people in the lower socioeconomic groups are there because of oppressive tactics, selfishness, and the power of the people who have achieved. And his definition of people who have &#8216;achieved\u2019 is pretty low. Seventy-five grand, a hundred grand, you\u2019ve achieved and you\u2019re facing a tax increase when we get to that point. I think there\u2019s some anger that has been effervescing in Obama and his people, and we know that\u2019s the case. The entire left wing in this country is just fulminating with rage. They are filled with it. They get up angry, they go to bed angry, they spend the whole day mad. <\/p>\n<p>They\u2019re mad, irrationally so. Obama does a good job of masking his rage, but look at his preacher, Jeremiah Wright. You talk about angry? Look at Father Pfleger and William Ayers, angry at the inequities and the unfairness of capitalism. Blow up the Pentagon. You know, all these things we tried to say during the campaign mattered. Everybody said, &#8216;No, no, no, no! They\u2019re ancient associations. Obama didn\u2019t know these people. He can\u2019t be held responsible.\u2019 Wrong. We\u2019re now watching it play out in front of our eyes. We\u2019re watching the results of anger at what these people considered to be the inequities and the unfairness of capitalism, get squared way. The Porkulus bill contains many things identical in principle and how they work to this whole housing bailout thing. Look at who the focus is on. The focus is on people who never had a chance of paying back the loan. <\/p>\n<p>To them, to Obama, these people are victims. They\u2019re victims. They\u2019re victims of &#8216;predatory lenders.\u2019 You know, Obama does not stop to think &#8212; or doesn\u2019t want to admit &#8212; that predatory lenders were made predatory by acts of Congress and by pressure from Congress, by pressure from the Clinton Justice department, name of Janet Reno. So all of these people that have no business being in a house based on their ability to afford it, are now in the housing slump and the overall economic decline, being foreclosed on, which is the normal thing to do. &#8216;Oh, no! We can\u2019t have that, can\u2019t have that. We can\u2019t kick these people out of their homes because of the actions of others. We can\u2019t kick these people out of their homes because of the achievers. We can\u2019t let predatory lenders kick these people out of their homes. It isn\u2019t fair! These people were entitled to homes just as you people who can afford them are entitled to them.\u2019 <\/p>\n<p>I\u2019ve thought about this, and I really do believe that there is a reservoir of anger that is behind every Obama legislative initiative and idea. He keeps slamming George Bush. He said we gotta send 17,000 more troops to Afghanistan. Why? &#8216;Cause we haven\u2019t been bold enough and smart enough in Afghanistan. We haven\u2019t done that right. Everything that he is doing, he\u2019s blaming on Bush and claiming that, without saying the words, that Bush was incompetent. He didn\u2019t do enough here, didn\u2019t do enough there, even though the spending was record. So there\u2019s anger behind all of this that he camouflages exceptionally well, that he masks very well. He comes across as something far more than angry. People don\u2019t even see that about him. But when you boil this all down, the housing bailout, there are two groups, and in that group that paid nothing &#8212; couldn\u2019t afford to pay the loan from the moment they were granted the mortgage &#8212; they are the primary recipients of the bailout money. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: My blood is boiling. I just listened to a little bit of President Obama during the break. We\u2019re in the midst of doing a bailout. We\u2019re going to bail out millions of people who never, ever were able to pay back their mortgages. They were never, ever, ever going to be able to repay the loans, yet they got them. How does that happen? Obama just said that it is time banks and lenders begin to accept their responsibility for this crisis. And then he admonished everybody to start living within their means, and the crowd went nuts. He actually said this. &#8216;The days are gone where you can assume that when you buy your house, it\u2019s just going to increase and increase and increase in value. You can\u2019t live your life as though that\u2019s going to happen.\u2019 Okay, great, Bamster. You sit there and talk down the economy all you want, and you know who he\u2019s aiming this at? <\/p>\n<p>Every speech he makes is aimed at people who think they are victims of this country. And he is their champion. And he is not going to make their lives any better \u2019cause it\u2019s not possible. We don\u2019t have enough money to give everybody to make their lives better. He\u2019s gonna punish the people he thinks are responsible for them being victims, and that includes the banks and the lenders, and the car companies, and the predatory this, the predatory that. I didn\u2019t realize until this day, perhaps because I didn\u2019t want to believe it, but I didn\u2019t realize &#8212; and I\u2019ve only heard three or four minutes of this speech in the midst of commercial breaks &#8212; I didn\u2019t realize the rage or the anger that is propelling the policies of this man and his rhetoric. His audiences in Fort Myers, the town meeting, wherever else he was prior to that, and then today, it\u2019s the so-called victims of society, the losers in life\u2019s lottery, people who by no act of their own end up getting the shaft. That\u2019s who he\u2019s aiming at, that\u2019s who he\u2019s telling life is gonna get better, and how is it going to get better? Because the predatory people, they\u2019re going to get theirs. Little code language that these victims understand, banks and lenders have to accept responsibility, Wall Street executives have to accept their responsibility for this crisis. <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.86700.ImageFile.jpg\" width=\"100\" height=\"120\" class=\"alignleft\"\/>The only group, the only place in any Obama speech that is exempt from blame is government. Oh, he\u2019ll use the word from Washington to Wall Street, we\u2019ve gotta get our act together, but he doesn\u2019t single out anything as predatory in Washington, he doesn\u2019t single out anything in Washington as negative, except if it happened in the Bush years, or in the Reagan years. So this homeowner bailout and the Porkulus bill, pork, and it\u2019s all aimed at two things, shoring up the Democrat Party for as long as possible and making sure that the &#8216;winners of life\u2019s lottery,\u2019 quote, unquote, Dick Gephardt &#8212; achievers in this country, continue to take it on the chin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Folks, are you ready for the &#8216;Rezko Rescue\u2019? The Rezko Rescue plan to be announced in mere moments by the Bamster, President Obama, who is staying at a foreclosed resort out in Arizona. He claims he didn\u2019t know that it was foreclosed when the staff decided to pick the place. McCain also is going [&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>Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers - 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\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Folks, are you ready for the &#8216;Rezko Rescue\u2019? The Rezko Rescue plan to be announced in mere moments by the Bamster, President Obama, who is staying at a foreclosed resort out in Arizona. He claims he didn\u2019t know that it was foreclosed when the staff decided to pick the place. McCain also is going [&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=\"25 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:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/#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:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/\",\"name\":\"Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/#primaryimage\"},\"datePublished\":\"2011-05-19T02:45:12+00:00\",\"dateModified\":\"2011-05-19T02:45:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers\"}]},{\"@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":"Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers - 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:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/obama_announces_rezko_rescue_bail_out_losers_punish_achievers\/","twitter_card":"summary","twitter_title":"Obama Announces Rezko Rescue: Bail Out Losers, Punish Achievers - The Rush Limbaugh Show","twitter_description":"RUSH: Folks, are you ready for the &#8216;Rezko Rescue\u2019? 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