{"id":34621,"date":"2010-02-10T01:01:01","date_gmt":"2011-05-19T01:25:05","guid":{"rendered":""},"modified":"2011-05-19T01:25:05","modified_gmt":"2011-05-19T01:25:05","slug":"rush_s_morning_update_piggy_bank_february_11_2010","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/","title":{"rendered":"Rush\u2019s Morning Update: Piggy Bank\r\n\r\nFebruary 11, 2010"},"content":{"rendered":"
\n

<\/p>\n

Rush\u2019s Morning Update: Piggy Bank<\/strong><\/line>February 11, 2010<\/strong><\/strong><\/line><\/line>Watch It!<\/strong> <\/strong>Download Morning Update Video in QuickTime<\/a><\/line>Listen to It!<\/strong> Windows Media Player<\/strong><\/a>|RealPlayer<\/strong><\/a> <\/line><\/p>\n

Every day, President Obama blames his woes on George W.Bush. So let\u2019s look at what Obama has done with Fannie Mae and Freddie Mac, the institutions behind the economic collapse.<\/p>\n

On Christmas Eve, the Treasury Department announced a new policy. Instead of a $200 billion cap, there would be no limit on the amount of taxpayer money Obama could use to bail out Fannie and Freddie. The companies have already run through over $100 billion –with no end in sight.<\/p>\n

You might think that spending unlimited taxpayer money would require Congressional approval — and you would bewrong. All Obama has to do to spend unlimited funds is issue orders to the Federal Housing Finance Agency.<\/p>\n

Why are losses still mounting at both entities? Well, because Obama ordered Freddie and Fannie to keep borrowers who defaulted on their mortgages in the homes they couldn\u2019t afford in the first place. In addition, derivative contracts– the financial instruments that defaulted around the world– are still being traded, and the firms that bestowed triple-A ratings on shaky loans are still being used. By the way, Fannie and Freddie executives just got huge bonuses.<\/p>\n

During the Bush years, Republicans repeatedly tried to rein in Fannie and Freddie;Democrats,who use the institutions as political piggy banks,blocked every effort. Now Obama and Democrats have no limits. The “root cause” of the economic meltdown is still rooted-in, but now it\u2019s exploding. Seems “change” doesn\u2019t take long to enact after all, does it?<\/p>\n

*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rush\u2019s Morning Update: Piggy BankFebruary 11, 2010Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer Every day, President Obama blames his woes on George W.Bush. So let\u2019s look at what Obama has done with Fannie Mae and Freddie Mac, the institutions behind the economic collapse. On Christmas Eve, the Treasury Department […]<\/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":"\nRush's Morning Update: Piggy Bank February 11, 2010 - 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\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Rush's Morning Update: Piggy Bank February 11, 2010 - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"Rush\u2019s Morning Update: Piggy BankFebruary 11, 2010Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer Every day, President Obama blames his woes on George W.Bush. So let\u2019s look at what Obama has done with Fannie Mae and Freddie Mac, the institutions behind the economic collapse. On Christmas Eve, the Treasury Department […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.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=\"1 minute\" \/>\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\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/\",\"name\":\"Rush's Morning Update: Piggy Bank February 11, 2010 - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#primaryimage\"},\"datePublished\":\"2011-05-19T01:25:05+00:00\",\"dateModified\":\"2011-05-19T01:25:05+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rush\\u2019s Morning Update: Piggy Bank February 11, 2010\"}]},{\"@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":"Rush's Morning Update: Piggy Bank February 11, 2010 - 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\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/","twitter_card":"summary","twitter_title":"Rush's Morning Update: Piggy Bank February 11, 2010 - The Rush Limbaugh Show","twitter_description":"Rush\u2019s Morning Update: Piggy BankFebruary 11, 2010Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer Every day, President Obama blames his woes on George W.Bush. So let\u2019s look at what Obama has done with Fannie Mae and Freddie Mac, the institutions behind the economic collapse. On Christmas Eve, the Treasury Department […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"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\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg"},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/","name":"Rush's Morning Update: Piggy Bank February 11, 2010 - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#primaryimage"},"datePublished":"2011-05-19T01:25:05+00:00","dateModified":"2011-05-19T01:25:05+00:00","author":{"@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/02\/10\/rush_s_morning_update_piggy_bank_february_11_2010\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"Rush\u2019s Morning Update: Piggy Bank February 11, 2010"}]},{"@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\/34621"}],"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=34621"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/34621\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=34621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=34621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=34621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}