{"id":392067,"date":"2021-04-13T16:09:00","date_gmt":"2021-04-13T20:09:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=392067"},"modified":"2021-04-14T15:38:51","modified_gmt":"2021-04-14T19:38:51","slug":"bidens-rising-inflation-isnt-a-shock-to-anyone-whos-been-listening-to-rush","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2021\/04\/13\/bidens-rising-inflation-isnt-a-shock-to-anyone-whos-been-listening-to-rush\/","title":{"rendered":"Biden\u2019s Rising Inflation Isn\u2019t a Shock to Anyone Who\u2019s Been Listening to Rush"},"content":{"rendered":"

JASON: Got a nice, long clip from Rush on never letting a crisis go to waste and the futility of all of the stimulus spending. Remember, we had a stimulus package in 2009 that wasted money on Solyndra and A123 and all of those things that were supposed to be shovel-ready and green technology.<\/p>\n

Let me just give you a little economics lesson here, folks. The first rule of economics is something called opportunity cost, and that\u2019s the old guns-and-butter debate. The government operates in a zero-sum game. It creates nothing. The private sector and the ingenuity of people tinkering in their garage creates things that the government couldn\u2019t possibly predict.<\/p>\n

\"\"So when the government takes from Taxpayer A to give to Taxpayer B, nothing is changed in a macro sense. This is the problem with Keynesian economics, that you can spend your way into prosperity. It is a zero-sum game. If you say government spending has a multiplier effect, what does private spending have? No effect?<\/p>\n

So every time we spend money as we\u2019re doing now like drunken sailors — you know, as Reagan used to say, that wouldn\u2019t be fair to drunken sailors — you are reducing spending in more productive ways in the private sector. And that\u2019s why these things never, ever, ever work. And then all of a sudden, you create a pyramid of debt that you can\u2019t service.<\/p>\n

Our debt is now 102% of GDP. We haven\u2019t seen that since 1945 and 1946. The difference then, however, is we drew down from the war. Right now, we have entitlements that are permanent and not going away. If the 10-year Treasury rate gets to its normal level, post-World War II normal level of 5.5% or 5.7% instead of 1.7%, we will have a debt service…<\/p>\n

Just to service the debt every year will cost well over a trillion dollars. We won\u2019t be able to do it and then you\u2019ll have a run on the dollar and then you\u2019ll see what poverty and recession and depression is really like. This is what we\u2019re playing with for the next generation. We\u2019ll have a $2.5 trillion deficit this year.<\/p>\n

Biden and company want to add to it. “Don\u2019t worry, interest rates are low.” They won\u2019t stay low. Producer prices are already rising. When judgment day comes, when judgment day comes, don\u2019t tell anybody we didn\u2019t tell you so. Rush\u2019s take on all of this? We got a warning from El Rushbo many, many times, but this one is especially good.<\/a><\/p>\n

RUSH: You know, I used to ask professional golfers that, “Does it ever get boring hitting it straight every time?” They said, “Never.” “Does it ever get boring the ball going where you want it to go?” “Never.” I said, “Really?” I would never know on the golf course, but I know about this, and, folks, it never gets boring being able to predict. It gets frustrating that it always works.<\/p>\n

\"\"So we have a tragedy. We have a down-to-earth tragedy. We have a train derailing. We\u2019ve got people dead. We\u2019ve got hundreds of people injured, and the first thing the Democrat Party sees is an opportunity. They want you to see, or want you to think that they are the ones that see tragedy and that have the compassion necessary to deal with it. They don\u2019t see the tragedy.<\/p>\n

They see the opportunity. It\u2019s the Republicans that see the tragedy and get caught flat-footed dealing with it that way. It\u2019s amazing. Within minutes of this train derailment you just knew the word “infrastructure” was gonna be bandied about all over the place, and it was. The word “infrastructure” was halfway around the world before anybody found out that infrastructure had nothing to do with this.<\/p>\n

That it was a driver, an engineer, who now says he doesn\u2019t remember, who was doing twice the choo-choo train\u2019s speed limit at the turn. So now it\u2019s infrastructure, infrastructure, infrastructure, and the low-information voters, what do they end up knowing? Look at the New York Times headline: “One Day After Wreck, Increased Funding for Amtrak Fails in a House Panel.” You can\u2019t have any more purposeful bias in a news story and headline than that: “One Day After Wreck, Increased Funding for Amtrak Fails in a House Panel”?<\/p>\n

So idiots that read the New York Times are supposed to conclude that the derailment happened because the Republicans are cheap, and don\u2019t care about people and don\u2019t like trains. “That\u2019s right, the Republicans don\u2019t like trains. I mean, that\u2019s how it goes. That\u2019s the line of thought. That is the message for your average Democrat Party base voter and low-information voter. But let\u2019s review, shall we?<\/p>\n

Let\u2019s plug some reality into all this. The over $800 billion stimulus bill back in 2009 was an infrastructure bill (so we were told) to repair roads, bridges, schools, and all that. It turns out to be as big a lie as Obamacare. The stimulus bill wasn\u2019t about infrastructure any more than Obamacare is about affordable health insurance.<\/p>\n

Both the stimulus bill and Obamacare are executive fraud, pure and simple. More money has been misdirected and misspent in Obamacare and the stimulus bill than we can comprehend. But the point is, you can never fully fund fraud. You can never satisfy con men. And fraud is what we have been subjected to all too often from our government. It didn\u2019t start with Obama, and I don\u2019t want anybody to think that that\u2019s what I believe.<\/p>\n

\"\"Fraud, at the highest levels of U.S. government, has been going on for a while. It would be hard, actually, to peg when it began. Washington is where every dollar in this country goes, to then be disbursed. There\u2019s a reason so many people want to live in Washington. If you want money, that\u2019s where it is; that\u2019s where it\u2019s allocated; that\u2019s where it\u2019s taxed; that\u2019s where it\u2019s collected; that\u2019s where it\u2019s banked; that\u2019s where it is spent.<\/p>\n

So it\u2019s just obvious that people would go there. When there\u2019s a big pile of money around and all you have to do is just maybe reach your fist out and grab some of it, it\u2019s very tempting. The degree of fraud, the irresponsible spending and money that we don\u2019t have, has millions of Americans legitimately concerned for the future of the country, particularly in terms of economic opportunity for their kids and grandkids, because people instinctively know.<\/p>\n

So here comes Obama in 2009, his first couple of months in office, loving the fact that the economy\u2019s in bad shape, blame it on Bush, blame it on Iraq, just continue that theme and say, I want $800 billion to stimulate this economy.”<\/p>\n

And the low-information crowd, “Yay,” new president can do anything he wants. Where do you get the $800 billion that you\u2019re gonna pump into the economy, for example? It\u2019s not as though there\u2019s $800 billion laying around that isn\u2019t being used. It\u2019s not as though there\u2019s $800 billion or a trillion or $500 million or a quarter, there\u2019s not that money laying around idle that you can just take it and put it in a syringe and inject it into the economy and massively grow it.<\/p>\n

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