{"id":33752,"date":"2009-10-21T01:01:01","date_gmt":"2011-05-19T01:50:02","guid":{"rendered":""},"modified":"2011-05-19T01:50:02","modified_gmt":"2011-05-19T01:50:02","slug":"shocker_taxpayers_won_t_get_their_money_back_from_bailouts","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/10\/21\/shocker_taxpayers_won_t_get_their_money_back_from_bailouts\/","title":{"rendered":"Shocker! Taxpayers Won\u2019t Get Their Money Back from Bailouts"},"content":{"rendered":"
\n

RUSH: Hey, have you heard the latest news out there, folks? Well, the latest news out there is that the taxpayers are not going to get their money back on the bailouts. They just announced this today, that we\u2019re not going to get the money back on the bailout of Chrysler or General Motors, and we\u2019re not going to get the money back on TARP. That\u2019s news to me, but whoever thought we were going to get our money back, and, by the way, what does that mean, the taxpayers get their money back? Even if the taxpayers got their money back they\u2019re not writing us a check for it, it\u2019s going back into the Treasury where they\u2019ll continue to spend it. The taxpayers will not get their money back?<\/p>\n

Greetings, my friends, and welcome. Rush Limbaugh and the EIB Network. Great to have you here, already the middle of the week here on the fastest week in media, fastest three hours. <\/p>\n

The special inspector general for Treasury\u2019s financial sector rescues, a guy named Neil Barofsky, he oversees the $700 billion TARP program and he says that the cost to taxpayers will be a lot greater than the government\u2019s letting on and that we\u2019re not going to get our money back. He said the bailout has several hidden costs. Now, inspectors generals are supposed to be independent and they can say whatever they want, but this guy is not long for the world. One is the hard cost of borrowing money to fund the rescues of banks and other companies. Oh, by the way, Obama\u2019s bailing out some more banks, smaller banks and small businesses, more bailout cash, more failure topped upon more failure. Now, the other hidden costs, according to Barofsky, ‘are less tangible but no less important: The danger that comes with rewarding companies that took excessive risk, and the loss of the government\u2019s credibility with taxpayers.\u2019 (laughing) That\u2019s a hidden cost? A hidden cost, all this, is the loss of the government\u2019s credibility with taxpayers? <\/p>\n

Obama\u2019s numbers are plunging. Even CNN has a poll. Half the country oppose Obama\u2019s policies, half the country. His approval index at Rasmussen is minus 13. That\u2019s between the strongly approve and strongly disapprove. The strongly disapprove are 13 points higher than the strongly approve of Obama right now. ”You can\u2019t just think of this program in terms of dollars and cents,\u2019 Barofsky told CNNMoney. ‘We try to bring attention to these other costs, which have the potential to dwarf the monetary loss in dollars.\u2019 To be sure, the monetary loss will likely be substantial: Barofsky cites the Congressional Budget Office estimates that the Troubled Asset Relief Program will ultimately cost taxpayers $159 billion,\u2019 which is BS. It\u2019s going to cost us 700 or a trillion! A $700 billion bailout, we\u2019re not going to get any money back from it, that\u2019s $700 billion ultimately cost. Where did they get $159 here? <\/p>\n

Anyway, I just wanted you to know, folks, that they\u2019ve now officially said that we\u2019re not going to get our money back, taxpayers will not get their money back. Barofsky also said this: ‘I think we are already seeing the political costs of people losing trust and faith in their government, such as the palpable anger this summer in response to health care. It requires a certain amount of good will to support extremely important and expensive programs like bailouts.\u2019 How long has this guy got for government service? How much time left does this guy have? Hidden cost is the possible loss of trust between the taxpayers and their government? (interruption) Have they lost my trust? Oh, hell, yes, they lost my trust decades ago. My lost trust is just being compounded now. This is such a joke. It\u2019s such a joke. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Ladies and gentlemen, I, Rush Limbaugh, live in Barack Obama\u2019s head rent free. Listen to this next sound bite. He just got a through referring to me (not by name, of course) and saying he doesn\u2019t understand people who want him to fail. What\u2019s up with that? Here\u2019s the next bite.<\/p>\n

OBAMA: Sometimes Democrats can be their own worst enemies. Democrats are an opinionated bunch. You know, the other side, they just kinda…sometimes do what they\u2019re told. Democrats, y\u2019all thinking for yourselves. I like that in you, but it\u2019s time for us to make sure that we finish the job here. We are this close. And we\u2019ve gotta be unified.<\/p>\n

RUSH: Well, there\u2019s a gold mine of stuff in this bite! Obama is now saying that the Republican Party\u2019s a bunch of mind-numbed robots taking marching orders from me. This is the 21-year-old playbook that they have used regarding me, and of course Democrats think for themselves, but he also admits here, ‘[W]e\u2019ve gotta be unified.\u2019 His party is falling apart, folks. The State-Controlled Media doesn\u2019t make it look that way but his party is falling apart. Now, I have a question. Where is and when is the commander-in-chief going to act like the commander-in-chief? Here he is up there being purely ideological in a campaign mode, at a fundraiser, in the midst of what his vice president has now called a ‘depression,\u2019 and he\u2019s yucking it up, and he\u2019s taking potshots at me and Fox News, and the Chamber of Commerce.<\/p>\n

We are his number one enemy. He can\u2019t let go of us. I live in his head rent free. Meanwhile, we have tens of thousands of Americans fighting a war in Afghanistan that Obama himself said is ‘crucial.\u2019 Yet today he\u2019s campaigning for Corzine in New Jersey after doing a fundraiser with millionaires last night. Now, I wouldn\u2019t much care, obviously, but for the fact that he\u2019s leaving our soldiers on the battlefield without the support that the commanders have asked for, and he just doesn\u2019t seem to care that someone\u2019s child or husband or wife or father or mother is facing down this enemy without the support they need. He just doesn\u2019t seem to care! But ooooh, they gotta marginalize me, a private citizen talk show host. They gotta marginalize Fox News. <\/p>\n

They gotta go after the First Amendment and people who are using it to dissent from the radicalism represented by Obama. When will this president put aside his ego? He says, ‘I like that in you. I like the fact you think for yourselves. I like that in you.\u2019 When will this president put aside his Max Headroom ego — his arrogance, his political agenda — and do the right thing just once? I get attacked here for taking off now and then to play golf. I do. My own audience says, ‘Stick to the issues!\u2019 when I want to talk about football. But I get attacked when I go out and take a day off to go play golf with my buddies. We have a president who plays golf all the time. He travels all over the place playing politics, doing this and that and all the rest, but is never criticized for failing to do his job — and that includes supporting our troops and winning this war!<\/p>\n

And they\u2019re still saying think may not be able to make a decision on this even after the runoff and the results from the runoff (which is November 7th) and the results will be weeks after that, so we\u2019ve got soldiers dying in Afghanistan and he doesn\u2019t care. He has absolutely no concern about it. Victor Davis Hanson today in The Corner, National Review Online: ‘Voting Present is Not an Option — While our Narcissus-in-Chief is frozen gazing at his perfect image in his private pool, choices have to be made in Afghanistan. Consider the following: (a) We have a Democratically controlled Congress that by and large has supported, since 2004, the Kerry-Obama-Hillary Clinton narrative of a ‘good\u2019 war in Afghanistan,\u2019 as opposed to the ‘bad\u2019 war in Iraq, ‘supposedly shamefully neglected by George Bush\u2019s neo-con adventure in Iraq, but absolutely vital to the security of the United States, and one entirely winnable — if only we allot sufficient resources. <\/p>\n

‘(b) We have a proven command in Generals McChrystal and Petraeus and their circle of subordinates, who crafted a winning counterinsurgency strategy in Iraq that defeated the terrorists, ensured stability for the fragile constitutional government…\u2019 Do you know…? I saw a story up there on Drudge that our troops in Iraq… What are they doing? You know right when I want… Oh! They\u2019re taking salsa classes. Our troops in Iraq are bored; they\u2019re taking salsa classes, which is a sign of the success of the strategy in Iraq that the troops there are bored. They\u2019re not bored in Afghanistan; they\u2019re getting shot at. They need support troops and they\u2019re not getting them. ‘Cause our president doesn\u2019t care. <\/p>\n

‘(c) We have thousands of battle-hardened, experienced veteran soldiers and their officers, who know far more about the Middle East in general, and counter-insurgency in particular, than was true than when we first deployed to either to Afghanistan in 2001, or Iraq in March 2003. (d) The Islamic world is much less in thrall (polls tell us that) to bin Laden and his advocacy of suicide bombing and terrorism than it was five years ago … (e) The president has a domestic opposition — entirely unlike that of George Bush\u2019s — that is eager to support President Obama to fulfill his promise to win Afghanistan by devoting more resources to the effort. (f) We have a media mesmerized by Obama, that will withhold criticism of him in Afghanistan in a way that was simply not true of the Bush effort in Iraq, that, nonetheless, proved successful. <\/p>\n

‘(g) We have a split public, but one far more amenable to a surge in Afghanistan than was true in late 2006 of the proposed surge in Iraq. (h) We should be bolstered by our success in Iraq, and the enemy demoralized by its failure; rather than vice versa. Given the above, and given that George Bush made a far more difficult choice that saved Iraq, it is hard to figure out why Obama can not make a simple decision to send troops requested by commanders on the ground.\u2019 Well, see, Mr. Victor Davis Hanson, it\u2019s simple to you and it\u2019s a simple decision to us, but it\u2019s impossible for somebody so inexperienced and so feckless as Obama. Because he doesn\u2019t care, Mr. Hanson. He doesn\u2019t care about the troops on the ground in Afghanistan. <\/p>\n

He cares more about getting propagandized news articles in the mainstream press demonizing me and the Chamber of Commerce and the insurance industry and Fox News. That\u2019s what he cares about. He cares about my saying, ‘I hope he fails.\u2019 It\u2019s still on his mind. He cares about making sure his radical left doesn\u2019t abandon him over health care — and that\u2019s why Afghanistan represents a problem to him because if he ramps up the war in Afghanistan he fears losing his radical left. But basically we have a commander-in-chief here who refuses to act like one. So you could actually say, ‘Where is the commander-in-chief?\u2019 By the way, I want to go back to my first item of the program today, the bailouts and how we\u2019re not going to get our — taxpayers aren\u2019t going to get their –money back. <\/p>\n

Ha-ha-ha. Never forget, the automobile bailout was a Democrat idea, and they promised we\u2019d get our money back. This is from the Washington Post on November 11th of 2008, almost a year ago: ‘Obama Asks Bush to Back Rescue of Automakers — President-elect Obama yesterday urged President Bush to support immediate aid for struggling automakers and back a new stimulus package even as congressional Democrats began drafting legislation to give the Detroit automakers quick access to $25 billion by adding \u2019em to the Treasury department\u2019s TARP program.\u2019 It was a Democrat idea, bailing out the car companies. It was a Democrat idea and they promised we\u2019d get our money back. We haven\u2019t. So next time he starts whining about all this ‘mess that he inherited,\u2019 it\u2019s time for people to start reminding him: You voted for every dollar of that mess, and you thought Bush wasn\u2019t spending enough! You can\u2019t say you ‘inherited\u2019 a mess. You voted for it, Mr. President. And now you\u2019ve turned the mess that you voted for and supported into an absolute disaster. It\u2019s more than a mess now. And now he\u2019s running around… He must love this mop analogy. Now, I think I figured out why he loves the mop analogy and he\u2019s running around talking about cleaning up the mess with his mop and so forth. I have a story… The Wall Street Journal has even been chickified today. The Wall Street Journal! Are you ready? Wait for it. Wall Street Journal today with a story on how the more housework you do, the more enjoyable sex will be in your relationship. The Wall Street Journal! Now, maybe that is why Obama is talking about his damn mop so much.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Hey, have you heard the latest news out there, folks? Well, the latest news out there is that the taxpayers are not going to get their money back on the bailouts. They just announced this today, that we\u2019re not going to get the money back on the bailout of Chrysler or General Motors, and […]<\/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":"\nShocker! 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