{"id":33743,"date":"2009-10-20T01:01:01","date_gmt":"2011-05-19T01:50:04","guid":{"rendered":""},"modified":"2011-05-19T01:50:04","modified_gmt":"2011-05-19T01:50:04","slug":"democrats_consider_new_porkulus","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/10\/20\/democrats_consider_new_porkulus\/","title":{"rendered":"Democrats Consider New Porkulus"},"content":{"rendered":"
\n

RUSH: From TIME Magazine: ‘The White House Readies a Stealth Stimulus — White House senior adviser Valerie Jarrett was adamant on Sunday, when asked if President Obama was considering a so-called second stimulus to deal with the rising unemployment rate. ‘I think it\u2019s too soon. It\u2019s premature to say, ‘Is a second stimulus needed?” she told David Gregory, the host of NBC\u2019s Meet the Press. But a moment later she said the White House was already looking at tax credits and other measures to further stimulate the economy. ‘There are a range of suggestions that are being considered right now by his economic team, and we\u2019ll see what we come forward with,\u2019 she added. On its face, the two comments sounded like a contradiction. But at the White House, there is no confusion. More stimulus is coming, but it just won\u2019t be called stimulus. <\/p>\n

Economic advisers, in concert with senior Democrats in the House and Senate, are planning additional piecemeal benefit extensions, tax breaks and other spending that could eventually add up to as much as $100 billion… ‘The fact is that this is a word game. It isn\u2019t a discussion of the ‘second stimulus,” says Jennifer Psaki, a White House spokeswoman. ‘This needs to be an ongoing discussion between the President and his economic team about new ideas and ways to get people back to work.” Now, I\u2019ve read this whole TIME Magazine story. They\u2019re saying things, like, ‘Well, the White House has so far declined to spell out its wishes.\u2019 You go through this whole story in TIME Magazine, and you will not read that the first stimulus didn\u2019t work. You will not read that the first stimulus is a bomb! You will not read that the first stimulus is an abject failure. But get this. Last night on Charlie Rose, he interviewed the New York Times chief mergers and acquisitions reporter, Andrew Ross Sorkin. Charlie Rose said, ‘How do they measure the stimulus\u2019s effectiveness, both the administration and the people who know about the application of this money?\u2019<\/p>\n

SORKIN: I talked to a CEO last week who said, when you look at… To the extent the economy has recovered, you can\u2019t ascribe any of it for the stimulus program. You really have to ascribe it to inventories which are low which people now have to replenish; you know, the economy coming back just on its own.<\/p>\n

ROSE: The stimulus program has not been a genius creation to create jobs for the American people?<\/p>\n

SORKIN: Not at the moment.<\/p>\n

RUSH: Well, this is… I\u2019m sitting here watching two eggheads think that they\u2019re the smartest guy in the room. I remember Charlie Rose talking to Brokaw, ‘We don\u2019t really know who Obama is. I don\u2019t know who he admires, Charlie. I don\u2019t know who he\u2019s read, Tom. We don\u2019t know really what he believes over there.\u2019 This is like a week before the election! And now these two dunces are up there, ‘Well, the stimulus… ACEO told me the stimulus hasn\u2019t had any major effect on anything,\u2019 and Charlie Rose pipes in, ‘The stimulus program has not been a genius creation, to create jobs for the American people.\u2019 ‘Not at the moment.\u2019 Yet there\u2019s a second one on the way, folks. This ain\u2019t by accident. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: This is Juan in Huntsville, Alabama. Hi, Juan, great to have you on the EIB Network. Hello.<\/p>\n

CALLER: Thanks for taking my call, Rush. I just want to know how many more mistakes is this government going to keep on continuing to make before they realize that the stimulus package is not working? ‘Cause, you know, correct me if I\u2019m wrong but is this not the third stimulus package?<\/p>\n

RUSH: Yeah.<\/p>\n

CALLER: The first one under Bush —<\/p>\n

RUSH: Well there\u2019s been many more than that. A year ago Bush and Pelosi got together with a stimulus, sent everybody a check except people like you and me one.<\/p>\n

CALLER: Right.<\/p>\n

RUSH: And then we had the TARP bailout. And then we had more bank bailouts and we had stimulus, the Porkulus bill. What are we up to, four? Oh, yeah, Cash for Clunkers, that didn\u2019t work. So the point is that we\u2019ve tried the governmental side of this, the public side, we know it doesn\u2019t work, it\u2019s time to go to the private sector. Therefore, Juan, your question, when are they going to realize that it\u2019s not working — it is working, as far as Obama wants it to work. This is exactly what he intended all along. Never said so, but this is exactly what he intended. Juan, you\u2019re a smart guy. You\u2019re a smart guy. Your question is, at what point are they going to wake up and realize it ain\u2019t working?<\/p>\n

CALLER: Correct.<\/p>\n

RUSH: Right.<\/p>\n

CALLER: That\u2019s basically it. I mean I don\u2019t know, maybe I\u2019m on the wrong planet, but it just seems to me that it\u2019s not working, why continue to go down that road. I mean there\u2019s only so much money —<\/p>\n

RUSH: I\u2019ll tell you, Juan, we\u2019re not on the wrong planet. I feel like I\u2019ve been sent up to the Hale-Bopp comet. I actually don\u2019t think I\u2019m on earth anymore. This is not the earth I knew, much less the country I knew. You\u2019re asking the great question, when are these people gonna realize? You gotta conclude, Juan, they\u2019re smarter than you are, they went to Harvard and Yale, they got PhDs and all this worthless stuff and yet they keep throwing good money after bad. You gotta consider at some point, my man, that it\u2019s on purpose. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: From TIME Magazine: ‘The White House Readies a Stealth Stimulus — White House senior adviser Valerie Jarrett was adamant on Sunday, when asked if President Obama was considering a so-called second stimulus to deal with the rising unemployment rate. ‘I think it\u2019s too soon. It\u2019s premature to say, ‘Is a second stimulus needed?” she […]<\/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":"\nDemocrats Consider New Porkulus - 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\/10\/20\/democrats_consider_new_porkulus\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Democrats Consider New Porkulus - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: From TIME Magazine: ‘The White House Readies a Stealth Stimulus — White House senior adviser Valerie Jarrett was adamant on Sunday, when asked if President Obama was considering a so-called second stimulus to deal with the rising unemployment rate. ‘I think it\u2019s too soon. 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