{"id":32530,"date":"2009-05-28T01:01:01","date_gmt":"2011-05-19T02:20:36","guid":{"rendered":""},"modified":"2011-05-19T02:20:36","modified_gmt":"2011-05-19T02:20:36","slug":"obama_you_ain_t_seen_nothin_yet","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/05\/28\/obama_you_ain_t_seen_nothin_yet\/","title":{"rendered":"Obama: You Ain\u2019t Seen Nothin\u2019 Yet!"},"content":{"rendered":"
\n

RUSH: Barack Obama at the Beverly Hilton hotel in Los Angeles last night said this.<\/p>\n

OBAMA: Take heart of the change we\u2019ve already brought but I want you to know, Los Angeles, you ain\u2019t seen nothing yet. (cheers and applause) We\u2019re going to deal with these issues. We are going to bring back a better America.<\/p>\n

RUSH: We\u2019re going to deal with these issues, the last two things he said, we\u2019re going to deal with these issues; we\u2019re going to bring back a better America. Obama is saying to rich Hollywood donors last night — he\u2019s out there raising all kinds of money, by the way, in Las Vegas and in Los Angeles in the middle of a recession. And he\u2019s saying the American economy, we\u2019re going to bring it back from the brink, we\u2019re going to bring it back, the American economy back from the brink. The president told the donors and celebrities at the Beverly Hilton hotel that the stimulus bill passed three months ago is starting to improve the economy. It is an out-and-out lie. The White House has been warning us to go easy on Sotomayor. Did you hear about that? They\u2019re warning us against this tough language. Here\u2019s Gibbs, Robert Gibbs, daily White House press briefing yesterday, Chip Reid of CBS, ‘Newt Gingrich said, ‘Imagine a judicial nominee, ‘My experience as a white man makes me better than a Latina woman.\u2019 Wouldn\u2019t they have to withdraw? New racism is no better than old racism, Gibbs. A white man racist nominee would be forced to withdraw; Latina woman racist should also have to withdraw.\u2019 That\u2019s what Newt said. What\u2019s your reaction?\u2019<\/p>\n

GIBBS: I think it is probably important for anybody involved in this debate to be exceedingly careful with the way in which they\u2019ve decided to describe different aspects of this impending confirmation.<\/p>\n

RUSH: That is a threat. That is a threat from the office of dictates. That is a threat from Robert Gibbs. People better be careful. This White House makes a habit of threatening critics. They did it to Rick Santelli at CNBC. Gibbs repeated this yesterday. Exceedingly careful. So I guess I\u2019m a little bit strong here when I say, when Obama tells donors and celebrities at the Beverly Hilton hotel the stimulus bill passed three months is starting to improve the economy. Let\u2019s see here. I have a couple stories. There\u2019s one story in the stack here, and I forget what newspaper it\u2019s from, but it details how in Michigan none of the stimulus money is going to shovel-ready projects, none of it. How can the economy said to be back from the brink, folks, when the market tanked 200 points yesterday? And how about these two stories, back-to-back, after the president says the economy is back from the brink? <\/p>\n

‘One of eight US households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday. US unemployment in April reached its highest rate in more than a quarter century and is still rising, helping propel mortgage delinquencies and foreclosures to record highs.\u2019 The economy is back from the brink? See, it\u2019s not what Obama says, ladies and gentlemen, as I\u2019ve always pointed out, it is how he says it. So we\u2019ve got mortgage delinquencies at a record high. This is from the AP. I can\u2019t quite figure this out, because we, of course, have had all these programs to pay for people\u2019s mortgages. We\u2019ve had how many billions of dollars, if not trillions, have been spent to stop this? How much bailout money, how many programs, how much money, seriously, has been targeted to stop foreclosures and to keep people in their homes? We keep hearing Barney Frank talk about it; we keep hearing Chris Dodd talk about it; President Obama has talked about it since before he was immaculated. <\/p>\n

The economy is back from the brink. <\/p>\n

‘A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn\u2019t expected to crest until the end of next year, the Mortgage Bankers Association said Thursday. The foreclosure rate on prime fixed-rate loans doubled in the last year, and now represents the largest share of new foreclosures. Nearly 6 percent of fixed-rate mortgages to borrowers with good credit were in the foreclosure process. At the same time, almost half of all adjustable-rate loans made to borrowers with shaky credit were past due or in foreclosure. The worst of the trouble continues to be centered in California, Nevada, Arizona and Florida, which accounted for 46 percent of new foreclosures in the country. There were no signs of improvement.\u2019 Whoa, whoa no, no, no, no, because the president told rich Hollywood donors last night that the economy is back from the brink, and that we ain\u2019t seen nothing yet. <\/p>\n

That scares the hell out of me, I must tell you. If we ain\u2019t seen nothing yet, it means hell is facing us as traditional conservatives. ‘President Barack Obama\u2019s recent loan modification and refinancing plan might stem some foreclosures, but not enough to significantly alter the crisis,\u2019 says AP. President Obama\u2019s recent loan modification and refinancing plan — there\u2019s a website that you can go and you can apply, maybe have your mortgage taken care of and not get foreclosed. It isn\u2019t working. The automobile bailouts did not work. The bailout of the banks has not worked. The bailout of the mortgage industry has not worked. Stemming foreclosures has not worked. The economy is not back from the brink. None of it has worked. All of the political fixes have not worked. The sad reality is that when they don\u2019t work, it is good news for President Obama. It\u2019s more chaos. It is the need, he thinks, that people will have for even more government intervention and more tax increases and an ever growing government to fix the problems. He feeds off the crisis. He feeds off the chaos. At the same time he mysteriously gets accolades and credit for trying to fix the problem. <\/p>\n

What everybody ought to be asking is where in hell did all of these trillions of dollars go that were supposed to save the auto industry, supposed to save the mortgage industry, supposed to save the banking business, and supposed to save your house. Where in hell did all that money go? That\u2019s what somebody needs to research and find out. It went somewhere. It has been spent or it is scheduled to be spent. Who got it? It obviously did not help the automobile companies. It did not help you who are being foreclosed on. It did not help the mortgage industry. It has not helped the banks. It has not helped Wall Street firms such as AIG. Where has all of this money gone? Let\u2019s assume for a moment that all of the money went to where the government and Obama said it was going to go. If that\u2019s the case, can we all agree it hasn\u2019t worked? Can we all agree the economy is not back from the brink? Can we all agree the economy is getting worse? Unemployment in April, a 25-year high. <\/p>\n

I\u2019ve got one of the most amazing stories in the stack today, the AP, maybe Washington Post, somebody running a story here on the good things happening as a result of the economic downturn. And you know what one of them is? With fewer people working, it means there are fewer people on the roads, fewer people going to work, which means there\u2019s less traffic. Shazam! A smaller carbon footprint and easier commutes. So we\u2019re supposed to be happy that how many millions of our fellow citizens are out of work collecting unemployment, not on the roads, not creating traffic jams. But the economy is back from the brink, President Obama told Hollywood lefties last night. Well, the Hollywood economy is not doing that great, gangbusters, either. There are very few sectors out there doing well. The EIB Network is doing well, but there aren\u2019t that many sectors. There\u2019s no GDP growth. GDP is negative growth and hasn\u2019t turned around. Back from the brink? This is just more smoke and mirrors. He says it, must be true, he\u2019s The Messiah. Facts on the ground say otherwise. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: So there\u2019s Barack Obama. He\u2019s in Los Angeles, which is in one state. It\u2019s in California, a state that is what? Tanking! A state that is falling apart; a state that may need to be bailed out; a state that is near bankrupt and he\u2019s telling people in that state they ain\u2019t seen nothing yet? If I\u2019m in that state, I head for Idaho or somewhere. I\u2019d be running for the hills. I\u2019d have all my cash and I\u2019d grab my gun and I would get out of there. They ain\u2019t seen nothing yet. Here\u2019s that story I was referring to earlier. It\u2019s in USA Today. ‘States hit hardest by the recession received only a few of the government\u2019s first stimulus contracts, even though the glut of new federal spending was meant to target places where the economic pain has been particularly severe. Nationwide, federal agencies have awarded nearly $4 billion in contracts to help jump-start the economy since President Obama signed the massive stimulus package in February. But, with few exceptions, that money has not reached states where the unemployment rate is highest, according to a USA TODAY review of contracts disclosed through the Federal Procurement Data System. In Michigan, for example — where years of economic tumult and a collapsing domestic auto industry have produced the nation\u2019s worst unemployment rate — federal agencies have spent about $2 million on stimulus contracts, or 21 cents per person. In Oregon, where unemployment is almost as high, they have spent $2.12 per capita, far less than the nationwide average of nearly $13.\u2019<\/line> <\/line>But the economy is coming back from the brink. The stimulus bill, by USA Today\u2019s own measurement, isn\u2019t working. In fact, it may be hurting. We get nothing but lies from this administration. We get nothing but empty promises that sound wonderful but are empty. And here\u2019s AP. ‘Vice President Joe Biden and two Cabinet secretaries unveiled a national program Tuesday to train workers for ‘green jobs\u2019 that will make public housing more energy-efficient. Biden, Housing Secretary Shaun Donovan and Labor Secretary Hilda Solis announced the plan in Denver at a meeting of President Barack Obama\u2019s task force on the middle class. Donovan said some of the $4 billion from Obama\u2019s $787 billion economic stimulus plan that was budgeted to renovate public housing will be spent to create jobs for making the dwellings more energy efficient. Solis, another task force member, said $500 million will be distributed as grants for training workers.\u2019<\/line><\/p>\n

None of this is going to happen! And if it does happen, it\u2019s going to have the same impact that bailing out the automobile companies had — zero! It\u2019s going to have the same impact that bailing out the banks had — zero. It\u2019s going to have the same impact that saving your home mortgage has had — zero! Four billion dollars, four billion with a ‘B,\u2019 to make a new government program, make another government program green. We already have a government program to build schools and to modernize \u2019em. Now we\u2019re going to spend four billion more to make \u2019em green. We do not need this. We need cops. We need highways and roads without potholes. We need more mental hospitals \u2019cause people are going insane in this economy. Four billion dollars and it\u2019s not gonna work. You really have to ask yourself, my friends, where have all these trillions gone to bail out the automobile company? Where\u2019s the money? Where has all the money gone to save the banks, to save your mortgage, to save Wall Street, to save the mortgage industry? Where has it gone? It didn\u2019t work wherever it went. Don\u2019t you think it\u2019s time for business solutions to these problems rather than political? <\/p>\n

In the story I held over from yesterday, from the Sacramento Bee: ‘The steady increase of mentally ill residents in California –‘ where they ain\u2019t seen nothing yet, ‘– combined with Sacramento County\u2019s budget woes forced the county\u2019s main psychiatric hospital late Friday to close its doors to new patients.\u2019 Now, this shows up yesterday in the Sacramento Bee. I have lived in Sacramento, and I know what\u2019s going to happen here. People read this story, and they\u2019re going to say, ‘Oh, my God, oh, my God, more crazy people roaming the streets! More crime, oh, my God, we need to spend more on the mental hospitals,\u2019 and that\u2019s how the cycle perpetuates itself. ‘The doors remained closed through Tuesday — and might stay closed for several more days, officials said, until its caseload falls. Officials said the scene could repeat itself throughout the year as local and state funding continue their decline. The situation, officials and advocates say, suggests the state is at the brink of a mental health catastrophe.\u2019 Yeah, I\u2019d say so, but they ain\u2019t seen nothing yet, Barack Obama last night in Hollywood.<\/p>\n

”I think that Sacramento County — like all counties in California — is facing a mental health crisis,\u2019 said Dorian Kittrell, executive director of the Mental Health Treatment Center. ‘Unfortunately when (budget) cuts are needed, health care is often at or near the top of the list over and over again. And unfortunately, there\u2019s only so much a system can bear before it breaks.\u2019 … Caseloads have risen in recent years as the region\u2019s population has grown. The crisis center now sees about 590 patients a month, compared with 540 a month in fiscal year 2004-05, Kittrell said.\u2019 This is an example of what drives some people crazy. In fact, this story could drive you to a mental health hospital because what this story is pointing out plain as day for anybody who wants to admit it is, socialism does not work, big government does not work, taking care of everybody cannot work. And here\u2019s an example, a teachable moment. The government taking tons of money to support mentally deranged people. It doesn\u2019t work. It works for a little while, it gives a false sense of comfort but it\u2019s not sustainable. Then they come out, they use a story like this. And the lack of police and the opening up of prisons like Governor Schwarzenegger said, ‘We may have to turn prisoners loose.\u2019 <\/p>\n

So you\u2019ve got crazies. The story is you\u2019re going to have wacko, lunatic people, mentally deranged people running loose all over the state of California because the people don\u2019t pay enough in taxes. So this is to scare you so that the leaders can go ahead and spend billions on their green programs or whatever else they want. Schwarzenegger the perfect example, running off for a photo-op with Obama for more stupid green garbage while his voters said no, no, no, no, no, to every proposition he put up. Now, the thing about socialism is that eventually you run out of other people\u2019s money, and we\u2019ve reached that point. We\u2019re now printing it. We\u2019ve run out of other people\u2019s money, you libs, and any conservative worth a damn could look at the city of Sacramento, the state of California and the budgets and find a way to keep these hospitals open, keep the police on the streets, and the jail doors locked. Those people have fled California. California has been surrendered to the nuts to run it into the ground, and now they\u2019re walking the streets.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: I got a note from a friend, Steve Gilbert, who points out, ‘I didn\u2019t even know we had any mental health centers. I thought Reagan closed them all and that\u2019s where the homeless came from.\u2019 And, by gosh, he\u2019s right. Remember, it was Reagan\u2019s fault we had homeless \u2019cause he shut down all the mental health centers, all the mental health hospitals. Now all of a sudden they\u2019re back up and running and they\u2019re overflowing. Here is Barack Obama last night in Los Angeles saying the economy\u2019s back from the brink and you ain\u2019t seen nothing yet, but this is the economy back from the brink comment.<\/p>\n

OBAMA: When you look at the economy right now, I think it\u2019s safe to say that we have stepped back from the brink, that there is some calm that didn\u2019t exist before.<\/p>\n

RUSH: Where is the calm that didn\u2019t exist before? We\u2019ve stepped back from the brink? We have not. It is only getting worse. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Barack Obama at the Beverly Hilton hotel in Los Angeles last night said this. OBAMA: Take heart of the change we\u2019ve already brought but I want you to know, Los Angeles, you ain\u2019t seen nothing yet. (cheers and applause) We\u2019re going to deal with these issues. 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