{"id":34881,"date":"2010-03-12T01:01:01","date_gmt":"2011-05-19T01:15:27","guid":{"rendered":""},"modified":"2011-05-19T01:15:27","modified_gmt":"2011-05-19T01:15:27","slug":"were_the_bailouts_necessary2","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/","title":{"rendered":"Were the Bailouts Necessary?"},"content":{"rendered":"<section>\n<p>RUSH: Here\u2019s Jordan in Daytona Beach, Florida, 16 years old. It\u2019s great to have you on the program. Hi. <\/p>\n<p>CALLER: Thank you, Mr. Rush. How are you doing, sir?<\/p>\n<p>RUSH: Very well, sir. Thank you.<\/p>\n<p>CALLER: Okay. I\u2019m going to get right to the point. I\u2019m not going to waste any time telling you about me. My question is: Which bailouts do you view as necessary to help the country stay afloat and which bailouts do you view as a waste of taxpayers\u2019 dollars? <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg\" width=\"300\" height=\"250\" class=\"alignright\"\/>RUSH: Well, interesting question. My instinct is to say both of them were unnecessary in the size and scope that they were taken. We still have unspent stimulus money, and we still have $200 billion to $300 billion in unspent TARP money. The TARP bailout was $700 billion and that, we were told, was necessary to virtually save the financial system of the world, because we had to save ours. It cost $700 billion, and there\u2019s still $300 billion of it left. The original purpose of that $700 billion, Jordan, was to enable lending institutions to start loaning money, and it was also to buy up all these &#8216;toxic assets.\u2019 It turns out that TARP has not been used for that at all. TARP was used to buy General Motors. TARP was used to buy Chrysler. The TARP money was not used for its original purpose. There\u2019s something else out there, Jordan, you need to know. The Federal Reserve, before the TARP bailout, made loans totaling $2 trillion and they will not tell us to whom. <\/p>\n<p>We don\u2019t know who got the money. Whether the Fed loans it or the government prints it, it\u2019s our money. So you can talk about the $700 billion TARP. You can talk about the $787 billion stimulus. That\u2019s nothing compared to the amount of money that the Federal Reserve lent people at the same time: $2 trillion. We don\u2019t know where it went and they will not tell us. But I would say, based on the fact that there has not been one positive economic uptick as a result of either of those bailouts (and the fact that there is still over half of each allotted bailout left or close to it) my logic says that neither were that necessary. That\u2019s just me. That\u2019s just me. And there\u2019s no mad dash to use that money. There\u2019s no mad dash to use the stimulus yet (because it\u2019s going to be used for re-election campaigns for Democrats in November) and there\u2019s no mad dash to use the TARP money. So I\u2019d say none of it was necessary. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Here\u2019s Jordan in Daytona Beach, Florida, 16 years old. It\u2019s great to have you on the program. Hi. CALLER: Thank you, Mr. Rush. How are you doing, sir? RUSH: Very well, sir. Thank you. CALLER: Okay. I\u2019m going to get right to the point. I\u2019m not going to waste any time telling you about [&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>Were the Bailouts Necessary? - 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\/03\/12\/were_the_bailouts_necessary2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Were the Bailouts Necessary? - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Here\u2019s Jordan in Daytona Beach, Florida, 16 years old. It\u2019s great to have you on the program. Hi. CALLER: Thank you, Mr. Rush. How are you doing, sir? RUSH: Very well, sir. Thank you. CALLER: Okay. I\u2019m going to get right to the point. I\u2019m not going to waste any time telling you about [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/\",\"name\":\"Were the Bailouts Necessary? - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#primaryimage\"},\"datePublished\":\"2011-05-19T01:15:27+00:00\",\"dateModified\":\"2011-05-19T01:15:27+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Were the Bailouts Necessary?\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#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":"Were the Bailouts Necessary? - 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\/03\/12\/were_the_bailouts_necessary2\/","twitter_card":"summary","twitter_title":"Were the Bailouts Necessary? - The Rush Limbaugh Show","twitter_description":"RUSH: Here\u2019s Jordan in Daytona Beach, Florida, 16 years old. It\u2019s great to have you on the program. Hi. CALLER: Thank you, Mr. Rush. How are you doing, sir? RUSH: Very well, sir. Thank you. CALLER: Okay. I\u2019m going to get right to the point. I\u2019m not going to waste any time telling you about [&hellip;]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg"},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/","name":"Were the Bailouts Necessary? - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#primaryimage"},"datePublished":"2011-05-19T01:15:27+00:00","dateModified":"2011-05-19T01:15:27+00:00","author":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/12\/were_the_bailouts_necessary2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/live-rush-limbaugh.pantheonsite.io\/"},{"@type":"ListItem","position":2,"name":"Were the Bailouts Necessary?"}]},{"@type":"Person","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#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\/34881"}],"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=34881"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/34881\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=34881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=34881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=34881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}