{"id":32823,"date":"2009-07-01T01:01:01","date_gmt":"2011-05-19T02:15:10","guid":{"rendered":""},"modified":"2011-05-19T02:15:10","modified_gmt":"2011-05-19T02:15:10","slug":"the_war_on_prosperity_rolls_on","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/","title":{"rendered":"The War on Prosperity Rolls On"},"content":{"rendered":"
\n

RUSH: Ever since, ever since Barack Obama was elected I have watched business and political talk shows about ‘the economy\u2019 as if Barack Obama was not the president and that the Democrats did not control the Senate and the House. <\/p>\n

I have watched as all of this economic malaise gets trundled up on George W. Bush and the Republicans and deficit spending and so forth. So-called experts in the first quarter were predicting an uptick for the economy in the spring, in the second quarter. Or they would say that unemployment was ‘bottoming out\u2019 or housing was ‘coming back.\u2019 You see, it\u2019s standard operating procedure for a new president. They called it a honeymoon, and whatever happens bad, the new president is exempt from being attached to it. That\u2019s standard operating procedure, unless the president happens to be a Republican. In this case the president is Obama and it\u2019s double the insurance that a new president normally gets. So all during the first quarter — after the stimulus was passed and after the TARP started being distributed and after we took over General Motors — all these experts said, ‘Yeah, it\u2019s going to come back! We\u2019re going to get an uptick here.\u2019<\/p>\n

We didn\u2019t. Unemployment kept getting higher; the economy kept getting slower. None of what was being implemented was working. This was said — all of this phony upbeat news on the economy was said — without knowing what Obama was going to do next to wreck the economy. Everybody Obama has done has served the primary purpose of wrecking the economy. He\u2019s depleting the private sector of capital. He\u2019s got a payment czar that\u2019s going to determine how much Americans can earn. He has taken over the auto companies and essentially given them to the unions. He\u2019s in charge of the mortgage industry now. He\u2019s basically in charge of the banking business — and now he\u2019s got a fine print czar! He\u2019s in charge of the fine print that companies print on products, consumer applications for product services. This is a War on Prosperity. <\/p>\n

It is being waged by Colonel Obama. And even at the time in the first quarter when all these cheerleaders for Obama were predicting all these upticks in economic activity and jobs is going to be when we come back. ‘Oh, yes! We have a great president now. The world respects us and our president. Our president makes sense. He\u2019s an intelligent guy who has great policies, here. Yeah! Federal spending? Oh, we\u2019re going to hire! People are back to work! Caterpillar is going to start rehiring people.\u2019 None of it happened, and these people that were making all these false, phony predictions had to go silent for a while. But they were making these predictions without knowing what Obama was going to do next. They\u2019d say that the gross domestic product would show growth in the third quarter. Really? <\/p>\n

Just yesterday the San Francisco president of the Federal Reserve out there said (doing pompous bureaucrat impression), ‘We\u2019re going to come out of the recession in the fourth quarter of this year. It\u2019s going to end by X, but it\u2019s going to be a very slow recovery and unemployment will lag severely.\u2019 Well, that doesn\u2019t sound like much of a ‘recovery\u2019 to me. But how does she know? (I think the San Francisco Fed chairman is a woman.) How does she know? She doesn\u2019t. Nobody knows. We have proven that $10 trillion of deficit spending does not jump-start or spark or stimulate an economy. All it does is jump-start and stimulate government. How is that hope and change working for you? Got a job out there? We\u2019re headed to 10% unemployment. So all these experts are making these predictions and they can\u2019t possibly know. They\u2019re making these predictions based on their belief that government\u2019s good and all this injection of spending, at some point, is going to pay off. <\/p>\n

We\u2019ve been doing this almost a year. We\u2019re coming up on a year of all these bailouts and TARP stuff that started in the late summer of 2008. We\u2019re coming up on a year of this. I think we learned six months ago that the political solution to a bottomed-out economy isn\u2019t working, and it\u2019s now time for a practical business solution. Of course that will never happen with this administration. So the GDP is going to start showing growth in the third quarter? Now the GDP is going to start showing growth in the fourth quarter! Employment is going to still be a problem. It\u2019s going to lag. All the charts and graphs I saw in the newspapers, all these television shows — the charts and graphs going back to the twenties — are null and void. <\/p>\n

They\u2019re irrelevant. They mean nothing! Obama was not the president 10, 20 or 30 years ago. Nancy Pelosi wasn\u2019t running the House. These people who are making economic projections — this is my point — are not taking into account the destructive wrecking ball on the private sector being waged by today\u2019s Democrat Party from Obama on down. How in the world can any sane, credible economist or financial analyst predict an economic recovery with cap and trade lurking to be passed and nationalized health care about to be passed? Folks, there will be no such thing as a private sector economic recovery if either or one of these two pieces of legislation gets signed into law. How in the world these people can start predicting all this wonderful uptick stuff….<\/p>\n

I\u2019ll tell you what it is, it\u2019s malpractice on the part of people who are supposed experts — economic experts, finance experts — because anybody who has just a semblance of education and an ability to critically think can look at this cap-and-trade business and see how destructive it is. It\u2019s a jobs-killing bill. You do not revive an economy by killing jobs. Net job losses are what we\u2019re going to have. I don\u2019t care how many phony baloney new jobs building windmills, solar panels, or these little whatever kind of putt-putt cars are going to be. The job losses… Look at Ohio. Marcy Kaptur has just seen to it that the coal industry is gonna head south. In fact, we knew this. This is Barack Obama. I have a couple sound bites here, February 26th, 2008, in the campaign. This is in Cleveland during a Democrat debate.<\/p>\n

OBAMA: It\u2019s not going to be easy to have a sensible energy policy in this country. ExxonMobil made $11 billion last quarter. They are not going to give up those profits easily.<\/p>\n

RUSH: I remember that debate. I remember when he said it. I remember coming in here and having the proverbial cow. ‘They are not going to give up those profits easily\u2019? He\u2019s telling us who he was; he was telling us what he\u2019s going to do. He looks at profit as evil. Profit is unused cash to him. It\u2019s unused. It\u2019s a surplus. Profit\u2019s a surplus, and he can go grab it as the Central Planning Authority. He looks at the private sector as a golden goose that never dies. ‘It\u2019s not going to be easy to have a sensible energy policy in this country. ExxonMobil made $11 billion last quarter. They are not going to give up those profits easily.\u2019 But he\u2019s damn certain they\u2019re going to lose \u2019em, if he becomes president. He told us. Get this. This is January 17th, 2008. This is during an interview with the editorial board of the San Francisco Chronicle. Barack Obama was asked about using alternatives in energy, including coal. This is what he said.<\/p>\n

OBAMA: What I\u2019ve said is that we would put a, uh, cap-and-trade system in place that is more — that is as aggressive, if not more aggressive, than anybody else\u2019s out there. So if somebody wants to build a coal-powered plant, they can. It\u2019s just that it will bankrupt them because they\u2019re gonna be charged a huge sum for all that, uh, greenhouse gas that\u2019s being emitted.<\/p>\n

RUSH: So as a candidate… Dawn, do you remember us playing these sound bites during the campaign? (interruption) Yeah. During the campaign, that\u2019s January 17th, 2008. He says: ‘I\u2019m going to run the coal business out of business. I\u2019m not going to stop you from building a coal-fired plant, but you\u2019re going to go broke doing it because I\u2019m going to tax your ass something like you\u2019ve never seen. So go ahead, build your coal-fired plant, but you\u2019re going to get hit with so many pollution charges,\u2019 (laughing) and he says it with joy. And then there is this. During the same interview with editorial board of the San Francisco Chronicle talking about his energy plan.<\/p>\n

OBAMA: When I was asked earlier about, uh, the issue of coal, uhhh, you know, under my plan, uh, of a cap-and-trade system, electricity rates would necessarily skyrocket.<\/p>\n

RUSH: He\u2019s telling us what\u2019s going to happen, and the critics of the cap-and-trade bill have been saying, ‘Your energy…\u2019 Electricity, by the way, your home utility bills — the Heritage Foundation people looked at this. It\u2019s been confirmed two or three other people have looked at this — 90% your home utility bills are going to go up. And don\u2019t take my word for it. Listen again to audio sound bite number three. President Obama saying so.<\/p>\n

OBAMA: When I was asked earlier about, uh, the issue of coal, uhhh, you know, under my plan, uh, of a cap-and-trade system, electricity rates would necessarily skyrocket.<\/p>\n

RUSH: They\u2019re going to have to go up. He wants them to go up! Don\u2019t take my word for it. He is, with such ease, implementing all of these agenda items. There\u2019s nobody to stop him. There is no way to stop him.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: My point is very simple. It\u2019s not complicated. I\u2019m telling you pay no attention to anybody who is promising an economic recovery any time soon because they are not factoring in the passage of one or both of cap and trade and socialized medicine, nationalized health care. If one or both of those things happen, forget economic growth, forget it. These experts need to shut up and be concerned about their credibility here. There\u2019s no way anybody could predict economic growth knowing what\u2019s headed down the pike. One more Obama sound bite, ladies and gentlemen, from his interview on January 17th, 2008, with the editorial board of the San Francisco Chronicle.<\/p>\n

OBAMA: Regardless of what I say about whether coal is good or bad, because I\u2019m capping greenhouse gases, coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers. If you can\u2019t persuade the American people that, yes, there is going to be some increase in electricity rates on the front end —<\/p>\n

RUSH: Ninety percent.<\/p>\n

OBAMA: — but that over the long term because of combinations of more efficient energy usage and changing lightbulbs and more efficient appliances, but also technology improving how we can produce clean energy, that the economy will benefit, if we can\u2019t make that argument persuasively enough, you — you can — you can be Lyndon Johnson, you can be the master of Washington, you\u2019re not going to get that done.<\/p>\n

RUSH: Well, he\u2019s doing it. There\u2019s no way to stop him. He doesn\u2019t have to be persuasive. Who was it that complained about the Republicans overreaching on health care? Oh, yeah, that\u2019s right, the Puffster. Yeah, Tommy Taxes. Tom Daschle and John Podesta, they got all bent out of shape the other day over the fact that the Republicans are not joining the effort to nationalize, socialize health care and they said the Republicans are overreaching out there. Overreaching? Republicans are not reaching, period. The Republicans can\u2019t stop anything. And now that the Democrats have a 60th vote in the name of a genuine lunatic in the Senate, there\u2019s nothing that can be done to stop \u2019em if they stay unified. The Republicans can\u2019t do one thing. Why do you think Tommy Taxes and Podesta are so desperate to have Republicans sign onto this garbage? That\u2019s another reason why these eight Republicans made a bad, bad move on cap and trade. They want cover. They want to be able to say, ‘Hey, don\u2019t blame us. Republicans joined us on this thing,\u2019 when it all crashes down. <\/p>\n

That\u2019s why the Republicans ought to not join any of this. Let the Democrats and let Obama own it. By the way, it is his economy now. We\u2019re into six months, it\u2019s his economy and the polls are showing that the American people know and think it\u2019s his economy and the more he continues as a child blaming his predecessor or predecessors, more and more people are going to start saying, ‘Grow up.\u2019 So he\u2019s just told you here again change your lightbulbs, energy bills are going to go up, there\u2019s no question they\u2019re going to go up, we gotta make the argument persuasive. He doesn\u2019t have to make the argument, period. He can pass this stuff without ever showing up on television. Folks, it\u2019s a matter of math. The Democrats have the votes. Now, I realize that not all Democrats are unified behind Obama on some of these things, but they\u2019ve got, you know, the consigliere in there, Rahm Emanuel, and they\u2019ve got Pelosi and her henchmen in the House. They could whip these people into order real fast if they need \u2019em on things. Republicans can\u2019t overreach. They can\u2019t stop anything, so Obama is all worried about how persuasive he is. He doesn\u2019t have to be, even though some people believe that he is being persuasive. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Ever since, ever since Barack Obama was elected I have watched business and political talk shows about ‘the economy\u2019 as if Barack Obama was not the president and that the Democrats did not control the Senate and the House. I have watched as all of this economic malaise gets trundled up on George W. […]<\/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":"\nThe War on Prosperity Rolls On - 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\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"The War on Prosperity Rolls On - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Ever since, ever since Barack Obama was elected I have watched business and political talk shows about ‘the economy\u2019 as if Barack Obama was not the president and that the Democrats did not control the Senate and the House. I have watched as all of this economic malaise gets trundled up on George W. […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144c17d2d1.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=\"12 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:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144c17d2d1.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144c17d2d1.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/\",\"name\":\"The War on Prosperity Rolls On - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#primaryimage\"},\"datePublished\":\"2011-05-19T02:15:10+00:00\",\"dateModified\":\"2011-05-19T02:15:10+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The War on Prosperity Rolls On\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.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":"The War on Prosperity Rolls On - 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:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/","twitter_card":"summary","twitter_title":"The War on Prosperity Rolls On - The Rush Limbaugh Show","twitter_description":"RUSH: Ever since, ever since Barack Obama was elected I have watched business and political talk shows about ‘the economy\u2019 as if Barack Obama was not the president and that the Democrats did not control the Senate and the House. I have watched as all of this economic malaise gets trundled up on George W. […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144c17d2d1.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"12 minutes"},"schema":{"@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:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144c17d2d1.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144c17d2d1.jpg"},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/","name":"The War on Prosperity Rolls On - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#primaryimage"},"datePublished":"2011-05-19T02:15:10+00:00","dateModified":"2011-05-19T02:15:10+00:00","author":{"@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/07\/01\/the_war_on_prosperity_rolls_on\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"The War on Prosperity Rolls On"}]},{"@type":"Person","@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/admin.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\/"}]}},"_links":{"self":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/32823"}],"collection":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/comments?post=32823"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/32823\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=32823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=32823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=32823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}