{"id":34116,"date":"2009-12-07T01:01:01","date_gmt":"2011-05-19T01:35:41","guid":{"rendered":""},"modified":"2011-05-19T01:35:41","modified_gmt":"2011-05-19T01:35:41","slug":"pelosi_pushes_for_global_tax","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/","title":{"rendered":"Pelosi Pushes for Global Tax"},"content":{"rendered":"<section>\n<p>RUSH: Nancy Pelosi, last Thursday, Capitol Hill, she held a news conference. Reporter said, &#8216;If unused TARP money goes for job creation &#8211;&#8216; and that\u2019s what Obama\u2019s talking about, and remember, <img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125113.Par.89380.ImageFile.jpg\" width=\"306\" height=\"229\" class=\"alignright\"\/>most of the banks were forced to take bank bailout money, remember? They were sequestered in a room at the Treasury department and given three hours to sign it. So they want to pay it back now, they want to pay it back because they want to get out of the shackles of government control. They\u2019re not paying it back because they have recovered from a crisis. The whole thing is a myth. Everything this administration does is a myth. So a reporter says, &#8216;Oh, wow, we have unused TARP funds, going to use for job creation. Does that mean a tax on financial transactions is off the table?\u2019<\/p>\n<p>PELOSI: I believe that the transaction tax still has a great deal of merit. The concern that many others have had is that it will send transactions overseas. Well, let\u2019s see. But the fact is what we\u2019re talking about is a global transaction &#8212; something that we would do in connection with other G nations, whether G8, G20, whatever the current G number is, and because it is really a source of revenue that has really minimal impact on the transaction, but a tremendous impact on helping us meet our needs, and I think there would be a market among the American people to say that we\u2019re all participating in the economic prosperity of our country and we\u2019re all pitching in to continue that prosperity.<\/p>\n<p>RUSH: And we\u2019re all participating in the destruction of economic prosperity, Madam Speakerette. I\u2019ll tell you what else, this is a $150 billion global tax on every stock transaction, every one. And they think it\u2019s going to raise $150 billion a year because it is her belief that people aren\u2019t going to stop buying stocks because of the stock tax. Well, every time you raise taxes on an activity you get less of that activity. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p><BR\/>RUSH: Kelvin, I\u2019m sorry &#8211; in Stanbury Point, Iowa, great to have you on the Rush Limbaugh program. Hi.<\/line><BR\/> <\/line><BR\/>CALLER: Hi. Thanks for taking my call.<\/line><BR\/> <\/line><BR\/>RUSH: You bet.<\/line><BR\/> <\/line><BR\/>CALLER: My question is, how can economists comment and predict on the economy, and especially unemployment I\u2019ve been hearing about, right on the eve of cap and trade and health care legislation?<\/line><BR\/> <\/line><BR\/>RUSH: An even better question is, &#8216;Why is there ever going to be any serious employment take place when employers do not know what all this is going to cost them?\u2019<\/line><BR\/> <\/line><BR\/>CALLER: Absolutely.<\/line><BR\/> <\/line><BR\/>RUSH: So what predictions are you referring to specifically, future predictions? Just every month when we get the numbers, &#8216;experts were surprised, experts were unexpectedly shocked,\u2019 or what have you? And &#8212;<\/line><BR\/> <\/line><BR\/>CALLER: Well, all the experts talk about how much of the economy this will affect but they\u2019re all making predictions on unemployment, and I don\u2019t understand how they can not knowing what the effects are going to be.<\/line><BR\/> <\/line><BR\/>RUSH: Well, it\u2019s a good question because when they &#8212; well, they\u2019re trying to calculate the effects, but they never do it dynamically. They\u2019ll say, &#8216;Okay, we\u2019re going to raise taxes $150 billion on stock transactions. Global stock transactions will raise 150 billion.\u2019 And it won\u2019t because there will be fewer transactions taking place, so the tax revenue will be less just like the income tax revenue that\u2019s projected to increase with tax cuts &#8212; or tax increases. Never materializes, because when you tax an activity, it slows down. <\/line><BR\/> <\/line><BR\/>So, look, all of these predictions into the future about the economy and so forth from people who are on board with the Obama agenda can\u2019t be believed anyway. They\u2019re sugarcoated to hide the disaster that awaits. <\/line><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Nancy Pelosi, last Thursday, Capitol Hill, she held a news conference. Reporter said, &#8216;If unused TARP money goes for job creation &#8211;&#8216; and that\u2019s what Obama\u2019s talking about, and remember, most of the banks were forced to take bank bailout money, remember? They were sequestered in a room at the Treasury department and given [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pelosi Pushes for Global Tax - 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\/12\/07\/pelosi_pushes_for_global_tax\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Pelosi Pushes for Global Tax - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Nancy Pelosi, last Thursday, Capitol Hill, she held a news conference. Reporter said, &#8216;If unused TARP money goes for job creation &#8211;&#8216; and that\u2019s what Obama\u2019s talking about, and remember, most of the banks were forced to take bank bailout money, remember? They were sequestered in a room at the Treasury department and given [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125113.Par.89380.ImageFile.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=\"3 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\/12\/07\/pelosi_pushes_for_global_tax\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125113.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125113.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/\",\"name\":\"Pelosi Pushes for Global Tax - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/#primaryimage\"},\"datePublished\":\"2011-05-19T01:35:41+00:00\",\"dateModified\":\"2011-05-19T01:35:41+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/12\/07\/pelosi_pushes_for_global_tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pelosi Pushes for Global Tax\"}]},{\"@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":"Pelosi Pushes for Global Tax - 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\/12\/07\/pelosi_pushes_for_global_tax\/","twitter_card":"summary","twitter_title":"Pelosi Pushes for Global Tax - The Rush Limbaugh Show","twitter_description":"RUSH: Nancy Pelosi, last Thursday, Capitol Hill, she held a news conference. 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