{"id":32966,"date":"2009-07-15T01:01:01","date_gmt":"2011-05-19T02:10:17","guid":{"rendered":""},"modified":"2011-05-19T02:10:17","modified_gmt":"2011-05-19T02:10:17","slug":"why_we_can_t_predict_the_economy","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/07\/15\/why_we_can_t_predict_the_economy\/","title":{"rendered":"Why We Can\u2019t Predict the Economy"},"content":{"rendered":"
\n

RUSH: Steve in Worcester, Massachusetts, it\u2019s nice to have you on the EIB Network, sir. Hello.<\/p>\n

CALLER: Yeah, hi, Rush. Thanks for taking my call.<\/p>\n

RUSH: Yeah.<\/p>\n

CALLER: You know, one of reasons I think the main reason the market, stock market has been ticking up lately even though the employment situation is getting much worse is because the investment community is prospective — and if they see that cap and trade is going to fall and that they see the health care is going to fail, and that they see that Obama is going down in popularity like that he\u2019s failing — then that\u2019s good for business in the longer run. So the irony is as Obama fails and his programs look like they\u2019re not going to go through, the market will go up, and then the irony will be, Obama will take credit!<\/p>\n

RUSH: (laughing)<\/p>\n

CALLER: (laughing)<\/p>\n

RUSH: See how this is working? You just paint a brilliant picture here and then destroy it by saying it\u2019s all going to be credited to Obama. I don\u2019t know enough about the market to say whether or not the people in the investor community is already guessing that cap and tax is going to bomb out, health care isn\u2019t gonna work, popularity is going down. There could be more intricate reasons than that, but your theory is as sound as anybody else\u2019s. Look, like I said earlier: If the growth in the economy the next quarter is up, they\u2019re going to credit the stimulus. They\u2019re going to credit Obama left and right. But until we know whether these things are going to happen and become reality, we can\u2019t predict the economy\u2019s future — other than if they pass, we\u2019re finished. Cap and trade… And, by the way, we need to stop calling it health care ‘reform.\u2019 It\u2019s not about health care ‘reform.\u2019 Like everything else in Obama\u2019s agenda, this is about health care destruction.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: By the way, in the stock market — I mentioned this yesterday. The stock market is not up. The stock market is up 236 today, the last time I looked. But the stock market\u2019s flat. It\u2019s up 231 one day, down 79 or 179 the next day. The stock market is stuck, folks! We\u2019re down from a high of 13,000. The stock market is not up. It was at 13,000. The stock market isn\u2019t going up. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Steve in Worcester, Massachusetts, it\u2019s nice to have you on the EIB Network, sir. Hello. CALLER: Yeah, hi, Rush. Thanks for taking my call. RUSH: Yeah. 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