{"id":37036,"date":"2010-12-09T01:01:01","date_gmt":"2011-05-19T00:15:24","guid":{"rendered":""},"modified":"2011-05-19T00:15:24","modified_gmt":"2011-05-19T00:15:24","slug":"obama_sets_himself_up_to_win_no_matter_what_happens_to_economy","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/12\/09\/obama_sets_himself_up_to_win_no_matter_what_happens_to_economy\/","title":{"rendered":"Obama Sets Himself Up to Win No Matter What Happens to Economy"},"content":{"rendered":"
\n

RUSH: Everybody\u2019s expecting me to be mad today and on edge because these students in the UK are now into violent protests. Frankly, I would be mad if there weren\u2019t other things going on here that have me distracted. And we\u2019ll get to all of this as the program unfolds. Great to have you, ladies and gentlemen. El Rushbo, behind the Golden EIB Microphone. Our telephone number if you want to be on the program is 800-282-2882. The e-mail address, ElRushbo@eibnet.com. <\/p>\n

Man, oh, man, oh, man. I leave this program yesterday and I come back today, and in the interval, Obama\u2019s out there saying that if we don\u2019t pass the extension of the Bush tax rates we face the possibility of a double-dip recession. Now, first, in order to have a second recession you have to get out of your first recession which we\u2019re not out of the first recession. So having a double-dip is still a matter of events. But, folks, there is something going on here. Obama has not had a come-to-Jesus meeting or event here. He has not changed who he is. There\u2019s something else going on. Now all of a sudden this enthusiasm to extend the Bush tax cuts. And I think I\u2019ve got this figured out. The key here is that there is nothing stimulative about them, and yet Obama is portraying them as stimulative. Why? ‘Cause he knows it\u2019s gonna fail to stimulate. This is not a tax cut. And even if it were, two years is not enough for a tax cut to really indicate economic growth. It took four years for Reagan\u2019s to kick in, three to four years. We\u2019re looking here at just continuing tax rates. If there\u2019s any tax stimulus here — and you tell me how big of one it is — it\u2019s the 2% cut in the payroll tax for one year. At the end of the day that\u2019s not stimulus, either. <\/p>\n

Now, we were talking yesterday that the worst thing that could happen for Obama is if this worked. But maybe not. If it works, what does he get to say? He gets to say he crossed the aisle, he put the country first, he put aside things, he worked with the Republicans, and it\u2019s working out, and he happens to be running for reelection. If it doesn\u2019t work, in other words, if there is no economic stimulus tied to the extension of these tax rates, he can say, ‘You know, I went against my better judgment. I knew this wouldn\u2019t work, but I thought for the sake of working with the other side to give it a try. Tax cuts don\u2019t work, supply-side doesn\u2019t work. I proved it in two years here. Supply-side doesn\u2019t work.\u2019 Well, he\u2019s taking positions on both sides so that he can say that he wins no matter what happens. <\/p>\n

Barack Obama does not believe that we are gonna have a double-dip recession if these tax rates aren\u2019t extended. He was kind of forced into that. Larry Summers went out and said that, and the regime denied it. This is just this week, the regime denied it. Then they had to double back and agree with it. But this is not something that they really believe. You know it as well as I know it. Obama does not think that extending these tax rates is a stimulus. He doesn\u2019t think that we\u2019re gonna have double-dip recession if we don\u2019t do this. If he thought that, he wouldn\u2019t have done any of the economic policies that he\u2019s done. My guess is he is really hoping this doesn\u2019t work, and there are a lot of people that think that the economy is gonna rebound anyway just because of time. Recessions don\u2019t go on forever. It\u2019s like Barney Frank said yesterday, (imitating Frank) ‘Clearly by 2012 the recession will be over.\u2019 Clearly a lot of people think it will simply because it can\u2019t go on that long. And why it can\u2019t go on that long, the American people are gonna do something at some point. I mean they\u2019re the ones that drive the economy. So statistically you\u2019d have to say, okay, it is gonna come back. And as you know, economies good or bad, presidents get the blame, do they not? <\/p>\n

Now, while all this is going we got people on our side celebrating the end of the Democrat Party, because the leftists out there, the Anthony Weiners and these guys in the House are just going batty over this. They just can\u2019t stomach the fact that the rich are not gonna be socked. They\u2019re not looking at this strategically. I heard some people say that this is all planned to make Obama look like a centrist. No. There are too many people that would have to be brought in on it for Obama to be looked as a centrist here for this to be a strategery. I listened to Obama talk about these tax rates, and I know what I know about them, and there\u2019s no meeting of the minds here. This is all about how the table\u2019s been set. How can it be said that the current tax rates that have been in place for ten years are gonna be a stimulus in the next two? It doesn\u2019t make sense logically. The way the table\u2019s been set people think they\u2019re tax cuts. Why? Because they were gonna go up, they were gonna expire. It\u2019s kind of like baseline budgeting.<\/p>\n

Let me give you a better example. You go in to buy a car. You tell yourself when you go to the dealership that you\u2019re not gonna spend anything more than $50,000 on your car. You go in there and you see a car you fall in love with for $75,000. But you don\u2019t buy it. You buy the one for 50, and you tell your wife you just saved 25 grand. Even though you never intended to spend 75, you tell her you just saved 25 grand. Well, this tax business table has been set the same way. For whatever length of time the threat has been that these rates will expire, and everybody\u2019s will go up. Now, that would happen if nothing was done on January 31st. But nobody\u2019s taxes are going down. Nobody\u2019s income taxes are going down, and nobody has ever contemplated anybody\u2019s income taxes going down. And it is marginal income tax rates that are stimulative, lowering them, but they aren\u2019t going to be lowered. Yet the table has been set to say tax increases are coming, but now since there aren\u2019t tax increases coming, we\u2019re being told tax cuts are coming, and then those tax cuts, which are not really tax cuts, and therefore will not stimulate the economy, two years from now, Obama will say, ‘Well, in the spirit of cooperation, I\u2019m doing what I thought best. I wanted to try the Republicans\u2019 idea, but it just hasn\u2019t worked.\u2019 <\/p>\n

This way they don\u2019t have to do revisionist history of the Reagan years to say supply-side or whatever doesn\u2019t work. They just have to tell the American people who have lived through these next two years, ‘They said tax cuts would stimulate the economy, and we clearly see that they haven\u2019t.\u2019 And then, of course, the Republicans, conservatives have to point out two years from now, ‘Well, there weren\u2019t any tax cuts.\u2019 And then you\u2019re into a situation where you have to convince voters after the fact what went on instead of saying what I\u2019m saying to them now, before this happens. The reason economists are saying that a payroll tax cut would be stimulative is because for one year it is gonna result in people\u2019s paychecks being larger. But it\u2019s not a perpetual stimulus because after one year the tax rate goes back up. By the same token, two years of the same tax rates, if they haven\u2019t been a stimulus up till now why are they all of a sudden gonna become a stimulus? The fact is, not raising them is the thing that needs to be pointed out. <\/p>\n

By not raising them the economy is not going to be harmed any further than it already has been. If we\u2019re not careful we\u2019re gonna get caught up in this notion that, A, this is a tax cut, when it isn\u2019t, and, B, that it\u2019s gonna provide stimulus even though it\u2019s just two years. I\u2019ve heard small businesspeople say, ‘Two years and more uncertainty after that, that\u2019s not enough for me to start making permanent financial decisions.\u2019 Obama just seems too eager for this now. I mean to come out and say we have to do this or face a double-dip recession. He coulda said that at any time the past two years, and he hasn\u2019t. He doesn\u2019t believe that. So he\u2019s positioning himself here to be able to win no matter what happens. In other words, whatever happens he\u2019s going to have taken a position on it in December of 2008 that he\u2019ll always be able to go back to and say, ‘See, I told you, but I wanted to give it a shot in the interests of fairness, working with the others,\u2019 however he wants to characterize why he did what he did. Up against this, as I say, on television, the Democrat Party, the leftists, all the blogs, having a giant argument among themselves thinking Obama has sold them out, and I don\u2019t doubt that they feel that way. Some people on our side are looking at that and saying, ‘Well, the Democrat Party is cracking up.\u2019 But, no, it\u2019s not. It isn\u2019t. <\/p>\n

RUSH: They have new unemployment numbers out today. Before we get to that, there\u2019s an interesting stat, ladies and gentlemen. Statistically… Now, listen carefully. Statistically one-third of people find a job one month after their unemployment benefits run out. Now, what could be the cause of that? Why do you think that happens? Why is it that statistically one-third of people find a job within 30 days of their unemployment benefits running out? Are you scratching your head trying to figure out why that might be the case? It\u2019s been they\u2019ve lost their benefits, and the only way to keep \u2019em up is to find a job. But still that\u2019s just one-third of them. A White House study group could probably tell us why the other two-thirds are not. <\/p>\n

From Reuters: ‘New US claims for unemployment benefits fell more than expected last week in a four-week moving average, slipped to a fresh two-year low, reviving hopes that a labor market recovery was underway.\u2019 Now, I also have AP in here. Both stories here. AP: ‘Applications for unemployment benefits dropped last week to the second lowest level this year, fresh evidence that companies are cutting fewer jobs.\u2019 Now, in both stories, Reuters and AP admit that extending the Bush tax rates will boost the economy. There\u2019s collusion going on because nobody is saying that. Nobody is saying that extending the Bush tax rates will boost the economy. I\u2019m not trying to make too fine a point about this. <\/p>\n

What people are saying is that if we let them expire, the economy is gonna take a hit, because tax rates will go up. That is being reworked, and now these are being called ‘tax cuts.\u2019 My friends, they aren\u2019t. Nobody\u2019s income taxes are being cut here. Therefore, there\u2019s no stimulus. AP ought to be apologizing to us if they really believe this. Both the AP and Reuters say in their stories that extending the Bush tax rates will boost the economy? Well, that\u2019s the first time they\u2019ve said it, too. Don\u2019t they owe us an apology for lying about the Bush tax cuts for the last ten years? Why all of a sudden is extending the Bush tax rates gonna boost the economy? It can only be said in the context of, ‘Well, if we don\u2019t extend \u2019em, the taxes are going up, and that won\u2019t help the economy.\u2019 <\/p>\n

So all this is being portrayed, presented as a tax cut when it isn\u2019t. And, by the way, that\u2019s another thing Obama wants to be able to say, that he was for cutting taxes two years from now if this works. Now, these media masters, they may think that the bulk of people have short memories, but not I, and certainly not you. Less than a week after we learned that the Labor Department and their minions at Reuters and the AP had been blowing smoke about the unemployment numbers for November, they redouble their efforts today. These numbers get revised the next week and it never gets reported, and they always get revised upward. So whatever good news is being announced today will not be as good next week, which will not be reported. We find it and tell you about it, but it isn\u2019t reported. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: ‘Obama Calls Latest Job Losses Astounding.\u2019 This is in Columbus, Ohio, in March of 2009. And, you know, we\u2019re talking about this ‘double-dip recession\u2019 business. Today: ‘White House Warns Tax Defeat Could Trigger New Recession.\u2019 But I thought we were never gonna have one again, \u2019cause when he signed the first stimulus bill March of 2009, the AP had a story: ‘Obama Calls Latest Job Losses Astounding — Calling the latest job losses astounding, President Barack Obama said Friday he will not accept a future marked by a recurring cycle of Americans forced out of work due to economic woes. … Well, that is not a future I accept for the United States of America, Obama said. <\/p>\n

‘That\u2019s why he signed the stimulus bill that Congress passed last month with miniscule help from Republicans, he said,\u2019 and yet we have had continuing unemployment every month since he signed it. He wasn\u2019t gonna ‘accept\u2019 that. Now if we don\u2019t do this, we\u2019re going to ‘trigger a new recession\u2019? ‘Raising the direst alarm yet, the Obama [regime] warned fellow Democrats on Wednesday that if they defeat the tax cut compromise detested by many liberals, they could jolt the nation back into recession.\u2019 Now, that has really ticked them off. What they\u2019re hearing — the far left, the base of the Democrat Party, what they\u2019re hearing — is that if we don\u2019t make sure these rich keep their tax cuts, we\u2019re gonna go into a double-dip recession.<\/p>\n

Folks, they haaate that! They just can\u2019t believe they elected somebody saying that. They thought he was one of them. They thought they were him, that they all were the ones that they\u2019ve been waiting for. And yet here\u2019s Obama telling these people, telling them, he\u2019s speaking to them: ‘You guys, you\u2019re gonna be responsible if you oppose this tax cut for the rich,\u2019 that\u2019s how they\u2019re thinking of it. ‘If you oppose this, why, we\u2019re gonna go to a double-dip recession,\u2019 and they don\u2019t understand. They think, ‘Higher taxes on the rich, that\u2019s the only thing to do. That raises revenue and that will fix the deficit, and that will punish the rich,\u2019 and now the rich don\u2019t get punished, and furthermore they have to hear that that is gonna stimulate the economy?<\/p>\n

I cannot, I cannot overemphasize how ticked off they are. They are livid out there! Half of the MSNBC on-air crew, Anthony Weiner, a bunch of these congresspeople — Barbara Lee from California — are livid over this. She\u2019s head of the Congressional Black Caucus. Obama ‘appealed anew for Congress to ‘get his done\u2019 and insisted that more congressional Democrats would climb aboard as they studied details of the $900 billion year-end measure.\u2019 That number, $900 billion, is a really popular number. Everything\u2019s gonna cost $900 billion. Health care was gonna cost $900 billion. Everything has to come in under a trillion dollars \u2019cause that\u2019s what we spent on the Iraq war, and they really ran the Iraq war in the ground as wasteful spending. <\/p>\n

So every spending measure has to cost less than a trillion. If you go back and look, every spending measure, every bill has been really close to costing a trillion, but it hasn\u2019t gotten there. It always ends up being more than a trillion, but what they originally announce isn\u2019t. ‘Cause you know, $900 billion sounds a lot cheaper than one trillion, just like saying something costs only 99 cents sounds a lot less than something costs a dollar. Let\u2019s go to the audio sound bites. … Let\u2019s start with this. This morning in Washington in the Eisenhower Executive Office Building, at a meeting of the President\u2019s Export Council, here is The One.<\/p>\n

OBAMA: (haltingly) Every economist that I\u2019ve talked to ooor that I\u2019ve read over the last couple of days acknowledges that this agreement would boost economic growth in the coming years and has the potential to create millions of jobs. The average American family will start 2011 knowing that there will be more money to pay the bills each month, more money to pay for tuition, more money to raise their children. But if this framework fails, the reverse is true. Americans would see it in smaller paychecks; that would have the effect of fewer jobs.<\/p>\n

RUSH: See? Right there, folks. He\u2019s making my point. Now, do you believe that all of a sudden a lifetime of belief has just been thrown down the sewer and Obama all of a sudden has now become a true believer, a supply-sider? ‘Every economist that I\u2019ve talked to or that I\u2019ve read over the last couple of days acknowledges that this agreement would boost economic growth in the coming years\u2019? Folks, if he really believes that, this is time for the Republicans to make this a tax cut! This is time for them to propose an actual marginal income tax rate cut. Put him on the spot. He does not believe this — and furthermore he\u2019s got a ton of economists, Democrat economists, who don\u2019t believe this. <\/p>\n

You know, this goes back to this smoking business<\/a>. I read the e-mail during the break. ‘Why do you keep making a big deal about smoking?\u2019 Let me tell you why. I remember back in the old days when you could smoke in restaurants, and so do you. Do you remember all the dead people you had to climb over when you left, who had died from your secondhand smoke? You remember that? Oh, I do! Man, I\u2019d light a cigar, smoke it halfway, and people were dropping like flies! In 21, when I left, I had to climb over \u2019em to get out of there. They were dying that fast. ‘Come on, Rush. Stop making jokes.\u2019 I\u2019m not making a joke. I\u2019m telling you what your regime is saying. <\/p>\n

Now, if you\u2019ve got a regime that will lie like this — one puff of one cigarette or secondhand cigarette smoke can cause a bystander to have a heart attack, if they\u2019ll say that — they have no credibility as far as I\u2019m concerned. Well, they never have had with me, but for people still holding out hope, this is no different than some of the scare things they\u2019ve been saying about global warming. It\u2019s all BS. These people on the left — I don\u2019t care if it\u2019s Obama, I don\u2019t care who it is — they lie through their teeth. ‘Mr. Limbaugh, they care about people. You\u2019re just misunderstanding.\u2019 No, I live in Literalville. When a politician says something, I hold \u2019em to it. <\/p>\n

‘Mr. Limbaugh, it\u2019s silly for you to believe that. You want us to believe that you actually walked over dead people leaving restaurants after you smoked?\u2019<\/p>\n

I know it\u2019s silly, just as it is silly that you wanna believe it. I mean, you\u2019ve gotta believe that happened if you\u2019re gonna believe your regime. Well, the same thing here with this tax plan. He doesn\u2019t believe any of this, and I think it\u2019s time to say so. If they\u2019ll lie about something as serious as a stroke, or as serious as a heart attack, then lying about this tax business is nothing. I mean, this is chump change. Paul Krugman doesn\u2019t think this is gonna help the economy and he is the Mother of All Democrat Economists. What is this? From now on (well, I\u2019ve always done this) you can automatically reject now when Obama says, ‘Every economist I\u2019ve talked to, every economist I\u2019ve read, every last one agrees, blah, blah, blah. ‘ <\/p>\n

No! <\/p>\n

In the first place, that\u2019s never happened on anything, but especially now. Millions of jobs! Have you heard anybody say that, by the way? Nobody is. Not even on our side. Nobody is saying that extending these tax rates is gonna create millions of jobs. Remember, it\u2019s how the table has been set. The alternative is these expire and tax increases occur, and that causes pain. So against that, people are assuming, ‘Well, we\u2019re not gonna raise taxes? Good! We\u2019re gonna have a stimulus.\u2019 No. No, no, no. It doesn\u2019t work that way, and this just convinces me even more that I\u2019m right here in this. This deal is necessary to stimulate the economy, to ward off a double-dip recession? I\u2019m sorry, I\u2019m not buying it. I\u2019ll keep sticking it to the left on this. This is late yesterday morning at the White House. After a meeting with the Polish president, a reporter asked Obama, ‘Well, now that you\u2019ve negotiated with the Republicans are you willing to negotiate with the Democrats who think you\u2019ve betrayed them on the tax package?\u2019<\/p>\n

OBAMA: It is inaccurate to characterize Democrats writ large as feeling, quote, unquote, ‘betrayed.\u2019 I think Democrats are looking at this bill, and you\u2019ve already had a whole bunch of who have said, uh, this makes sense.<\/p>\n

RUSH: (chuckles) Well, again, they are feeling betrayed. The whole White House press corps two days ago felt betrayed. I\u2019ve got a story here. This is from the New York Daily News, Andrea Tantaros: ‘Whining Dems on Far Left are Nearly Crazy with Criticism of Obama\u2019s Tax Cuts Compromise,\u2019 and they mention Julian Assange here and Rachel Maddow (no, that\u2019s Bill Maher, sorry) and what\u2019s his name, Anthony Weiner, but it goes and mentions a whole bunch of people here that are angry. Charles Rangel, Pelosi. Fifty-four House Democrats have come out and opposed this thing. <\/p>\n

It\u2019s largely symbolic. That won\u2019t matter, but to say that they don\u2019t feel betrayed? I mean, he\u2019s sticking it to \u2019em again. They are feeling betrayed and he\u2019s basically saying, ‘Screw you! I don\u2019t care how you feel. If you don\u2019t help me with this we\u2019re gonna have a double-dip recession.\u2019 It\u2019s clear these people are so blinded by their ideology they don\u2019t know what he\u2019s doing. It\u2019s just like global warming. All scientists agree with him on global warming. Just like all economists agreed with him on the first stimulus. So whoever is careless with small things, you can trust that they\u2019re lying to you on the big stuff as well. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Now, the past two years and during the campaign, so maybe three years, it is Imam Obama who was the one who wanted to raise taxes on job creators. Obama wanted to let these tax rates expire. He wanted to raise taxes on them for three years, said it was necessary. Now as of yesterday it\u2019s a bad idea? You know, Snerdley, I\u2019m really sorry to put you in a cold shower. Snerdley was so thrilled, he came in here today, came in here at 11:30, 11 o\u2019clock, he was so excited, ‘The Democrats are falling apart! Rush, I never thought I\u2019d live to see it.\u2019 I said, ‘You\u2019re really hopped up.\u2019 ‘Oh, yeah!\u2019 You should see the long look on his face as I explain the realities to him since the program began. He\u2019s also swatting himself for not figuring it out on his own, \u2019cause he\u2019s totally capable of it. He got so caught up in the delectable notion that these people are eating each other alive, and in certain sectors they are. But it isn\u2019t gonna last. If you just go to Drudge here, you know, we gained a whole 17,000 jobs, unrevised, it will be changed, and the economy is showing signs of recovery, says the State-Controlled Media. <\/p>\n

Yeah, yeah, poll: ‘Most Americans Say they\u2019re Worse Off Under Obama.\u2019 Home values may drop by 1.7 trillion this year. It isn\u2019t gonna change. Nothing\u2019s gonna change just because the tax rates are gonna be extended. None of that\u2019s gonna be affected by the tax rates being extended. And now the Drive-Bys are all focused on some house out in Escondido, California, \u2019cause there\u2019s explosives inside, and the winds are up, and if something happens and a fire gets started, they got big problems. I looked at it and said, ‘Wow, the foreclosure business is really taking a hit here.\u2019 But it\u2019s probably somebody foreclosed on that\u2019s planted a bomb in there. (interruption) It\u2019s not? What is it, a terrorist? What is it? (interruption) Yeah? Right, they\u2019ve found a lot of explosives in the house. I\u2019m saying the owner probably put \u2019em in there after being foreclosed on, ticked off. Well, somebody put \u2019em in there. (interruption) All right, fine. Snerdley says, ‘There\u2019s just some bombs in there, Rush, not that big a deal.\u2019 Okay. Just some bombs in the house, they\u2019re gonna wait to blow it up \u2019cause it\u2019s a fire hazard. <\/p>\n

From TheHill.com: ‘Pelosi Pledges to Win Changes as House Dems Reject Tax-Cut Deal — The House Democratic Caucus on Thursday rejected the tax deal negotiated between the White House and Senate Republicans. The non-binding vote of the caucus held during a closed-door meeting puts tremendous pressure on House leaders to win changes to a proposal –‘ Well, you know, I hate to tell these House Democrats, but the guy that\u2019s gonna run this show tomorrow when the real vote happens is Steny Hoyer. And he wants the deal. And Bite Me wants the deal. This is gonna happen. This is just allowing the Democrats, these kook freaks to go on record for their own reelection two years from now, saying they opposed it. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Everybody\u2019s expecting me to be mad today and on edge because these students in the UK are now into violent protests. Frankly, I would be mad if there weren\u2019t other things going on here that have me distracted. And we\u2019ll get to all of this as the program unfolds. Great to have you, ladies […]<\/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,"footnotes":""},"categories":[],"tags":[],"class_list":["post-37036","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nObama Sets Himself Up to Win No Matter What Happens to 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:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2010\/12\/09\/obama_sets_himself_up_to_win_no_matter_what_happens_to_economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Obama Sets Himself Up to Win No Matter What Happens to Economy - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Everybody\u2019s expecting me to be mad today and on edge because these students in the UK are now into violent protests. Frankly, I would be mad if there weren\u2019t other things going on here that have me distracted. And we\u2019ll get to all of this as the program unfolds. 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