{"id":36033,"date":"2011-05-19T00:45:12","date_gmt":"2011-05-19T00:45:12","guid":{"rendered":""},"modified":"2011-05-19T00:45:12","modified_gmt":"2011-05-19T00:45:12","slug":"as_obama_economy_recovers_chicom_iphone_factory_booms","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/as_obama_economy_recovers_chicom_iphone_factory_booms\/","title":{"rendered":"As Obama Economy “Recovers,” ChiCom iPhone Factory Booms"},"content":{"rendered":"
\n

RUSH: Now, let\u2019s go through the economic news first. ‘The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economy slowed significantly in the spring.\u2019 Do you know why they think there\u2019s an economic recovery? They think there\u2019s an economic recovery because we\u2019ve had some quarters here of GDP growth of 1%, 1.5%, 2.4%. So under their loose definition there\u2019s economic growth or recovery going on, but there\u2019s no jobs. No new homes are going up. I mean, there\u2019s no indicator of economic growth other than government hiring, other than government activity. So ‘The pace of consumer spending stalled in June,\u2019 meanwhile, Geithner is out, saying (summarized), ‘You know, the rich, you guys, you need to start spending more.\u2019 <\/p>\n

Bernanke says, ‘The rich people, you need to start spending more money,\u2019 and then Geithner comes out and says, ‘Well, we\u2019re not gonna have tax cuts for the rich. Those people got money they don\u2019t even need. They got don\u2019t need tax cuts. Why, why, they\u2019ve got money they don\u2019t even need,\u2019 and Geithner\u2019s mad at you for not spending it, those of you who are rich. ‘Economists are worried that the financial troubles weighing on households could cause spending to ebb even more in the second half of the year. The sub-par economic growth…\u2019 I can\u2019t wait \u2019til they start making predictions on the Christmas season. Heh, heh, heh. You know, they do that starting every October or September. <\/p>\n

Here\u2019s more bad news: ‘Factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft. The Commerce Department said Tuesday that factory orders dropped by 1.2 percent to a seasonally adjusted $406.4 billion. Analysts expected a much smaller drop.\u2019 So once again the analysts don\u2019t know what the hell they\u2019re talking about. Their expectations are way off the map. Everybody\u2019s shocked and surprised, except you and me and all of us in the country class. There\u2019s never been 9% unemployment for two years in a row since the thirties, and they talk about economic recovery being stalled because of all this news today? <\/p>\n

We\u2019ve never had 9% unemployment for two years consecutively since the 1930s. So Obama wants the wealthy to spend more and then pay 90% of all the taxes, too. That sounds like a plan. So factory orders fell, except for the ChiComs. ‘Chinese news agency Xinhua reports that Foxconn…\u2019 This is the outfit, the factory that makes the iPhone, the iPod and the iPad. ‘Chinese news agency Xinhua reports that Foxconn subsidiary Futaihua Precision Electronics will build a new facility in central China\u2019s Henan provice [sic] that will primarily produce the iPhone. … 200,000 phones per day and will employ nearly 200,000 workers\u2019 who at present do not have jobs. What is wrong with this picture? (interruption) Well, I know we have 200,000 workers that don\u2019t have jobs but none of them are making iPhones.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: I guess I\u2019m no longer the leader of the Republican Party. Obama, at a fundraiser in Georgia, said the GOP is the party of Bush. I guess they\u2019ve made the official decision now, at least for today, to run against Bush. It was two years ago. That\u2019s two years old. They\u2019re going to run against Bush. In fact, some in the partisan, political operative media are debating whether or not this is a wise move. At some point does not Obama own all of this? And according to a Rasmussen poll yesterday, 48% of the people believe the economic mess is Obama\u2019s; 47% believe it\u2019s Bush. The trend line continues. Its Obama\u2019s economy. I want to go back to this story. Factory orders in the United States are down, as well as the pace of consumer spending. <\/p>\n

But the factory orders story fell in June, second straight month ‘due to lower demand for steel, construction, machinery, and aircraft. Analysts had expected a much smaller drop.\u2019 Meanwhile, Foxconn, which makes the iPhone, iPad, iPod in China, Shenzhen, is gonna build a new factory that will primarily produce the iPhone. ‘Xinhua says that more than 500 employees are already working a temporary site rented from the Zhengzhou city government. Factory construction will start on August 20 and is expected to be operational in a year. Xinhua says the site will reportedly produce $13 billion (U.S.) worth of products for export, make about 200,000 phones per day and will employ nearly 200,000 workers, most of whom are expected to be from the Henan province.\u2019<\/p>\n

Now, Foxconn is not without its problems. They had to put nets all the way around the outside of their existing factory because of the suicides committed by their employees. Employees are overworked in there and they jump out the windows and they kill themselves. So they built nets. I saw a picture of this. There are nets outside on the side of the building that catch employees who jump over. Apple had to move in there and promise a 30% raise, \u2019cause they can\u2019t make product fast enough. There\u2019s a waiting list for the iPhone 4; there\u2019s a waiting list for the iPad. IPod touch, no problem getting those things, but they can\u2019t meet the demand. You read a story: US factory output down; people aren\u2019t manufacturing things. We e know this is happening. <\/p>\n

Yet here\u2019s Steve Jobs — darling of the left, huge Obama supporter, Algore a member of the Apple board — and nobody on the left\u2019s upset that Jobs is not hiring union workers in America to make the iPhone or the iPad? They\u2019re being made by Chinese labor, and the workers that make the things are committing suicide. Not in great numbers, but they\u2019re still jumping out the windows over there at the Foxconn building. Now a new factory: 200,000 new workers. You know, Biden said we\u2019re going to be producing 500,000 jobs a month by this time. The ChiComs are doing it for one product! Well, two products: iPhone, iPad. It\u2019s $13 billion worth of exports. <\/p>\n

Obviously Apple is not being hampered by any union problems in China. I don\u2019t think they\u2019re unionized over there in Shenzhen at Foxconn. The Summer of Recovery is working for the ChiComs. I don\u2019t even know if there\u2019s an economic slowdown. Two hundred thousand iPhones a day! Two hundred thousand will be made per day. They\u2019re not making that many now but they can\u2019t keep up with the demand, so they hired 200,000 new employees. And yet Apple escapes any scrutiny by the State-Controlled Media and the left? They\u2019re jobs Americans don\u2019t want to do? Americans don\u2019t want to make iPads? Americans don\u2019t want to make iPhones? <\/p>\n

You know, folks, if you go to Apple\u2019s website and buy this stuff on the website, it gets shipped from Shenzhen, China. They don\u2019t even ship the stuff here first to distribution centers. I mean, maybe at rollouts they\u2019ll send in a bunch of iPhones to Memphis and they\u2019ll send them outta there via FedEx, but you go try it. Go buy an iPhone or an iPad, and they\u2019ll send you the shipping instructions — and when it ships, it\u2019s from Shenzhen, China. Then it goes to someplace in Hong Kong, then it goes to Anchorage, and finally to Memphis. At least it\u2019s coming over on FedEx. ‘The number of buyers who signed contracts to purchase homes dropped in June, as the weak economy and tight lending standards kept consumers away from the housing market,\u2019 and yet they claim there\u2019s an economic recovery going on. (interruption)<\/p>\n

What do you mean, ‘There goes any chance of EIB ever getting Apple advertising\u2019? (laughing) There was never any chance of the EIB Network getting any Apple advertising. We\u2019ve been knocking on their door for 22 years. No chance. I don\u2019t know what the carbonate footprint of shipping iPhones and iPads all over the world from China is but it\u2019s gotta be huge. They gotta get \u2019em here somehow \u2019cause they\u2019re not being made here. ‘Treasury Secretary Timothy Geithner…\u2019 a genuine egghead. Have you seen this guy\u2019s head? Genuine shape of an egg. There\u2019s something not right about the shape of his head. You\u2019re not supposed to notice these things. You\u2019re not supposed to say these things. I\u2019m sorry, there\u2019s something not right. <\/p>\n

He said today ‘it would be ‘deeply irresponsible\u2019 for the Obama regime to support a wholesale extension of Bush era tax cuts, including breaks for the wealthy. Geithner said in a nationally broadcast interview that President Barack Obama strongly believes those reductions should be retained for the \u201995 percent\u2019 of taxpayers with individual incomes under $200,000 a year and families below $250,000. And he disagreed with accusations the regime has been hostile to Wall Street and the business community. ‘The business community always wants their taxes lowered,” said Little Timmy. Meanwhile, Obama\u2019s mad and Geithner\u2019s mad that the rich are not spending, they\u2019re not consuming, and they\u2019re not paying enough taxes — even though they\u2019re paying 90% of the freight. (interruption) <\/p>\n

Are you kidding me? Geithner was one of People magazine\u2019s 50 Most Beautiful People last year? Are you kidding me? Is this a joke? That cannot be true. Tim Geithner one of the 50 Most Beautiful People in People magazine? No matter the shape of-his head? Somebody\u2019s pulling my leg. I\u2019ve got a note here. Somebody is yanking my chain. This cannot possibly be true. ‘Businesses have hired 5.6 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Monday. The report, however, does not estimate how many of those jobs would have been added without the tax break.\u2019 Does anybody believe this? Does anybody believe 5.6 million workers have been hired under any new program? Would somebody explain to me how we have lost eight million jobs, we\u2019ve got unemployment 9% for two consecutive years (for the first time since the thirties) and now here comes a story from the Organized Press saying that we have ‘5.6 million workers under a new program that provides tax breaks for hiring unemployed workers.\u2019 That\u2019s a small business tax break. They\u2019ve offered this twice. Small businesses would be stupid to take this deal. We are just out and out being lied to. No matter. Nothing new. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Cliff, Baton Rouge, Louisiana, hello, sir.<\/p>\n

CALLER: Rush, it\u2019s an honor.<\/p>\n

RUSH: Thank you.<\/p>\n

CALLER: Rush, I like what you\u2019re talking about today. I think that the Obama administration reminds me of a drowning person. They are grasping for whatever is in sight, and this is why they\u2019re throwing their own under the bus. Because, frankly, they\u2019re in trouble. I mean, the economy stinks, they have thrown down the race card already, and they\u2019ve already put their ace on the table, and they\u2019re done. I mean, we\u2019re 90 days from this election and I don\u2019t see anything happening but their getting crushed.<\/p>\n

RUSH: They are getting crushed, but Obama\u2019s not gonna get crushed. Obama doesn\u2019t care. <\/p>\n

CALLER: Right. <\/p>\n

RUSH: Obama\u2019s not on the ballot. Obama\u2019s not going down the tubes. He may be taking these guys over the tubes or maybe throwing them down the tubes himself but he\u2019s not going.<\/p>\n

CALLER: But he\u2019s drowning in the arena of history. His legacy is going to be defined —<\/p>\n

RUSH: He doesn\u2019t care.<\/p>\n

CALLER: Well, I don\u2019t know I that I know.<\/p>\n

RUSH: He doesn\u2019t care. Drowning? In whose history? It depends on who\u2019s writing the history. If the communists and the Marxists are writing the history, he\u2019s a hero. If the unions are writing the history, he\u2019s a hero.<\/p>\n

CALLER: That\u2019s absolutely correct. Very good with coreography, Rush.<\/p>\n

RUSH: Okay, so to whom does he want to be a hero to? If I\u2019m Obama, I\u2019m feeling pretty good about what I\u2019ve been able to destroy here in just 18 months — and if my party is in trouble? There\u2019s a price to pay for everything, and if this is worth it, fine and dandy. And if destroying America as found, if wiping out the American capitalist system is the objective, and if it\u2019s gonna cost your political party a bunch of seats for a while, go for it. It\u2019s worth the price. There\u2019s also an upside for Obama. There\u2019s a big upside. If he gets rid of the Democrat majority and the Republicans do win and all they do is oppose Obama, then he can start blaming them. I don\u2019t doubt that this is something they\u2019re planning on. <\/p>\n

If two years after the fact they\u2019re still going to run against Bush — if two years after the fact they think the road to victory is running against Bush and trying to convince everybody in the country that this economic disaster is Bush\u2019s — then I guarantee you he\u2019s looking forward to being able to blame Republicans for eight years while he succeeds in doing what he wants to do. This is not politics as usual. This is not politics as we always known it. This is not just the usual, ‘Okay, the Republicans are going to win now and then, the Democrats are gonna win now and then, and we\u2019ll go back and forth like a seesaw and trade power.\u2019 We\u2019ve never had an administration like this. We\u2019ve never had a president like this. We\u2019ve never had a political party like this — and the party leadership, Pelosi, Steny Hoyer, Harry Reid, these people are willing to lose in order to finally implement their dream agenda that they have been harboring for 50 years. It\u2019s worth the price to them, and Obama\u2019s not going to lose anything. He\u2019s not on the ballot. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Now, let\u2019s go through the economic news first. ‘The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economy slowed significantly in the spring.\u2019 Do you know why they think there\u2019s an economic recovery? They think there\u2019s an economic recovery because we\u2019ve had some quarters here […]<\/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":"\nAs Obama Economy "Recovers," ChiCom iPhone Factory Booms - 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:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/as_obama_economy_recovers_chicom_iphone_factory_booms\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"As Obama Economy "Recovers," ChiCom iPhone Factory Booms - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Now, let\u2019s go through the economic news first. ‘The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economy slowed significantly in the spring.\u2019 Do you know why they think there\u2019s an economic recovery? 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