{"id":35106,"date":"2010-04-08T01:01:01","date_gmt":"2011-05-19T01:10:16","guid":{"rendered":""},"modified":"2011-05-19T01:10:16","modified_gmt":"2011-05-19T01:10:16","slug":"obama_performs_statist_assisted_suicide_on_the_american_economy","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/04\/08\/obama_performs_statist_assisted_suicide_on_the_american_economy\/","title":{"rendered":"Obama Performs Statist-Assisted Suicide on the American Economy"},"content":{"rendered":"
\n

RUSH: How can this be? How in the world could this have happened? For the life of me, folks, I can\u2019t figure it out. ‘Jobless Claims Increase Unexpectedly.\u2019 Who knew? I mean, I thought the most recent report we had was that 162,000 new jobs were created and the recovery was in full steam and we\u2019re going to come back to glory, and now this? ‘The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That\u2019s worse than economists\u2019 estimates of a drop to 435,000.\u2019 Of course, here comes the excuse, there\u2019s always an excuse. ‘Easter can be difficult since the Easter holiday occurs in different weeks each year.\u2019 I\u2019ll tell you, they\u2019re brain-dead. The media is totally brain-dead. They\u2019re going outta business right before our very eyes and they don\u2019t care. <\/p>\n

Anyway, greetings, folks, great to have you here, Rush Limbaugh, the EIB Network and the Limbaugh Institute for Advanced Conservative Studies. <\/p>\n

‘Slightly more than 5.8 million people were receiving extended benefits in the week ended March 20, the latest data available, a drop of about 230,000 from the previous week. The extended benefit data isn\u2019t seasonally adjusted and is volatile from week to week.\u2019 These are the ones that don\u2019t count. We\u2019re not even factoring the people here who have given up looking for work, we never do in this report, which is called the U3. CNN: ‘Jobless Claims Soar.\u2019 Drudge has a great headline and picture. He\u2019s got Obama smiling big time with the Russians as he\u2019s signing this worthless — well, it\u2019s not worthless, this stupid arms reduction treaty over there in wherever he is, and the headline is: ‘Phone Home: Jobless Claims Rise Again.\u2019 Obama with a big excrement-eating grin on his face. ‘The number of Americans filing for unemployment insurance for the first time jumped last week. … Continuing claims data exclude people whose benefits expired or those who have moved to state or federal extensions. It reflects those filing each week after their initial claim until the end of their standard benefits, which usually last 26 weeks.\u2019 What 26 weeks, we\u2019re up to 99 now, and they\u2019ll be extended again. <\/p>\n

Folks, look, don\u2019t misunderstand here. I\u2019m not joyous about this. I\u2019m crushed by this. I am so angry by this I can\u2019t describe it, \u2019cause all of this is by design. All of this is. Where is Obama\u2019s laser-like focus on the economy and jobs? It doesn\u2019t exist. Here from MessNBC: ‘Study: 1.2 million households lost to recession — As friends and families double up, ‘overcrowding\u2019 is up fivefold.\u2019 What recovery? This is basically 1.2 million people who are homeless. You realize homelessness never even exists usually during a Democrat regime. Homelessness is exclusively a Republican presidential problem, but they can\u2019t even hide this. <\/p>\n

‘Since Richard Brown lost his job to the recession and his Boston home to foreclosure a year ago, he\u2019s been working short-term consulting assignments until he gets back on his feet. In the meantime, he\u2019s been ‘couch surfing.\u2019 ‘I\u2019ve lived with my brother, my cousin, my friend and my dad,\u2019 he said. ‘The IRS keeps calling me, asking me: ‘What\u2019s your address?\u2019 And I say, ‘What week is this?” … ‘Given the depth of the downturn in 2009, and the ongoing weakness in the job market through the beginning of this year, this study gives no reason to expect that household formation has picked up at all,\u2019 said Gary Painter, a professor at the University of Southern California who conducted the study.\u2019 Really? Who knew? So in the midst of a story about 1.2 million households lost to the recession, we get a guy saying there\u2019s no reason to expect household formations picked up at all. Really? What\u2019s your first clue? Why did you need to do a study? All you gotta do is look out the window. It\u2019s just depressing. Falling home ownership levels, rise in homelessness. <\/p>\n

‘So far, lenders have been slow to cut the size of a mortgage to make monthly payments more affordable.\u2019 I thought Obama took care of that. ‘As a result, an increasing number of families are walking away from their homes in a process known in the industry as ‘strategic default.\u2019 Between 2005 and 2008, those 1.2 million households were lost even as the population grew by 3.4 million.\u2019 All right, folks, look, time\u2019s up. We have had enough and we do have enough hard evidence to pass judgment here on the regime. Enough time\u2019s gone by, sufficient facts are known. We don\u2019t need any more evidence. We don\u2019t need any more unemployment numbers or foreclosure numbers or homeless numbers. We don\u2019t need any more evidence to conclude that the Obama regime either hopes this country fails or doesn\u2019t know how to help the country succeed. It\u2019s one of those two options. <\/p>\n

We have his budgets. We have seen the deficit. We know the underemployment and employment numbers. We know tax increases are coming. It\u2019s clear Obama is not serious about developing domestic energy supplies. We know that the public sector is expanding at the expense of the private sector. We know that our relationships with allies very deteriorated. We know we aren\u2019t safer. We know the country is more divided. We know the State-Controlled Media has no intention of practicing journalism ever again. We have enough hard evidence to make sound judgments about Obama, his czars, and the regime. Either Obama hopes we fail or is unintentionally causing failure. This is not speculation. That\u2019s fact. What isn\u2019t known is the extent of the damage. But I\u2019m going to make some predictions about that which are not pretty coming up soon on this program. We don\u2019t know the exact date of our country\u2019s future bankruptcy, but we just know that it is a certainty under Obama\u2019s direction and the help of Democrats in Congress and the government-run media. America is being administered statist-assisted suicide. Obama is Dr. Kevorkian. Forget Obama and Kevorkian\u2019s intentions. The patient\u2019s going to die if Obama isn\u2019t stopped, politically, if he\u2019s not stopped, if these policies are not reversed, that much is clear.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: It\u2019s this simple, folks. We gotta face this head on and straight up. If the policies of this regime are not reversed, we can all expect inflation to kick in at some point. That is an economic given. When that happens, more jobs will be lost. I wouldn\u2019t be surprised if we have a second housing bubble when interest rates inevitably increase, as they are starting to do now. More bankruptcies, once the Obama tax increases and the health care plan kick in. The recession will continue. The government will continue to grow. The private sector will continue to shrink. And, of course, the government-run media will continue to act like a bunch of stupid clowns who claim that all this is unexpected, while they applaud it. If this continues, the gross domestic product can do nothing but shrink. Stock market will drop in the next year or two. They\u2019re already skittish, world stock markets skittish today, including ours over the rising debt crisis in Greece. Wait \u2019til they hear about California. The value of the dollar will decrease. The prices of energy will increase. The availability of energy will decrease. <\/line><\/line>I expect that Iran will get a nuclear weapon. Obama\u2019s talking about, ‘We\u2019re gonna get really, really tough on sanctions now.\u2019 But we\u2019re not going to get really, really tough on sanctions because we\u2019re not going to do anything that would harm the Iranian population. Well, there\u2019s no way we can sanction the mullahs and sanction Mahmoud Ahmadinejad. We cannot surgically strike with sanctions. The whole point of sanctions is to hurt the population, make the population pay for what the regime is doing. If Obama would just treat Iran like he\u2019s treating the United States of America they might get the message. Stop and think of it this way. Barack Obama is willing to do more damage to the United States economy than he is to the Iranian economy or anybody else\u2019s. He\u2019s willing to applaud dictators around the world, from Hugo Chavez to Daniel Ortega, who are ruining their countries — in the case of Chavez, despite having huge oil reserves. There\u2019s an energy crisis, there\u2019s an electricity shortage because it\u2019s a dictatorship, or essentially one, certainly a socialist country. You can almost count on the fact that illegal aliens are gonna get amnesty. So the president will continue to be a failure and drag as many of us down with him as possible, except he won\u2019t be dragged down. He\u2019s in the White House living his life of royalty, flying around on Air Force One, inflicting untold damage on this great country. <\/line><\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: How can this be? How in the world could this have happened? For the life of me, folks, I can\u2019t figure it out. ‘Jobless Claims Increase Unexpectedly.\u2019 Who knew? I mean, I thought the most recent report we had was that 162,000 new jobs were created and the recovery was in full steam 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":"\nObama Performs Statist-Assisted Suicide on the American Economy - 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\/04\/08\/obama_performs_statist_assisted_suicide_on_the_american_economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Obama Performs Statist-Assisted Suicide on the American Economy - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: How can this be? 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