{"id":8750,"date":"2014-07-31T16:16:12","date_gmt":"2014-07-31T16:16:12","guid":{"rendered":""},"modified":"2021-03-10T11:11:02","modified_gmt":"2021-03-10T16:11:02","slug":"obama_s_legacy_the_economy","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2014\/07\/31\/obama_s_legacy_the_economy\/","title":{"rendered":"Obama\u2019s Legacy: The Economy?"},"content":{"rendered":"

RUSH: For crying out loud, did you see Obama has decided — now stop and think of this for a second, folks. Obama has decided that his historic legacy as president is going to be his handling of the economy. Now, when you hear that, I know full well what your reaction is. Is that really what he thinks his big achievement has been? What about Obamacare? What about immigration? What about foreign policy? I mean, he gets the Nobel Peace Prize. What about all these things that he was elected to do?<\/p>\n

I saw somebody on TV saying — or maybe I was reading it. It was a leftist and they were proclaiming their disappointment in Obama and their reason why they think he\u2019s a failure. And the reason was he was going to unite everybody. This is what this guy said, might have been a woman, I don\u2019t know. Everything\u2019s jumbled together because I\u2019ve been in a pressure cooker all morning. I didn\u2019t know it, but I apparently was.<\/p>\n

Anyway, this guy was going on and on about how, yeah, this is a dismal failure. He was going to unite us. He was going to change Washington.<\/p>\n

\"\"He said that\u2019s what all of us that voted for Obama really thought he was going to do. He was going to get rid of the partisanship. He was going to cross the aisles and everybody was going to be happy Kumbaya.<\/p>\n

I could have told him the exact opposite was going to happen as it has. But nevertheless, in his mind, that\u2019s why Obama is a failure. But you have Obamacare, the failure to unite Washington, the failure to change our politics, the failure to make the world love us or what have you. So it\u2019s come down to this. Obama has decided that the economy\u2019s going to be his legacy, his handling of the economy. And there\u2019s an article on this in the Hill. TheHill.com<\/a>, and it\u2019s not the Onion. It\u2019s a real story. It\u2019s not a satire piece.<\/p>\n

Never mind that Obama has given us the worst economic recovery from a recession probably in our history and that\u2019s assuming that we have even recovered. I can\u2019t believe what I\u2019m holding here in my formerly nicotine-stained fingers. I\u2019ve got an AP story here that I really don\u2019t believe that I have. AP actually has released a report that contrasts the view of a robust, roaring economy and recovery with the fact that there aren\u2019t any high-paying jobs to be found.<\/p>\n


\n“The US unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains.” Now, before I go any further, I know it\u2019s not really 6.1 percent. The only way they get there is because of the number of people leaving the workforce, which makes the whole universe of people working smaller, which changes the percentages. We\u2019ve got the highest, well, the lowest is the right way to say it, labor force participation rate since 1978.<\/p>\n

We\u2019ve got nearly 100 million Americans not working. I don\u2019t care what the unemployment rate is. They could say it\u2019s 4.7 percent like it was with Bush and it wouldn\u2019t mean anything now. It\u2019s like everything that this regime has touched, every institution and tradition has been corrupted to one degree or another. But let\u2019s stick with this for the sake of the story because it\u2019s what comes next that I don\u2019t believe I\u2019m holding here in my formerly nicotine-stained fingers, because it\u2019s from AP. The US unemployment rate plunged since the start of last year to a five-year low of 6.1 percent. Jobs report Friday supposedly 200,000 more jobs more created, yada, yada.<\/p>\n

“Yet for Douglas Hunter and millions like him, happy days aren\u2019t quite here again. Hunter earned $14 an hour cleaning oil drums before the Great Recession seized the economy and his job was axed. At 53, Hunter now works three days a week for $9.25 an hour, mopping floors and fixing fryers at two McDonald\u2019s restaurants in Chicago. ‘If the economy is getting better, I\u2019m not sure for whom,\u2019 he said. ‘It certainly hasn\u2019t trickled down to me.'”<\/p>\n

Whoa! AP actually correctly portrays trickle down in a piece critical of the status quo, which would be Obama. And then they say this: “The Gallup Organization has found that consumers\u2019 view of the economy is the glummest it\u2019s been in seven months.” And yet here\u2019s Obama saying he\u2019s decided that his historical legacy as president is going to be his handling of the economy. This AP story is right on the money. They can give us all the Washington statistics every month they want, how unemployment\u2019s coming down and how all these jobs have been created, but it\u2019s not happening in a vacuum.<\/p>\n

Wait till you hear that 80 percent of the population growth in this country is now due to immigration, a full 80 percent. Eighty percent of US population growth is from immigrants now. The birth rate is below replacement levels in this country. Immigration, in uncontrolled numbers now, is accounting for 80 percent of our population growth. And you know that the job situation for those people is, at best, part-time. It certainly isn\u2019t high wage. That\u2019s why the Chamber of Commerce wants them here. So the AP actually is right on the money, as is Gallup.<\/p>\n


\n“As the economic recovery enters its sixth year, a number of factors help explain why many Americans don\u2019t feel better off: Income hasn\u2019t rebounded. Millions are working part time even though they want full-time jobs. It\u2019s taking longer to find work. People are still struggling with mortgage debt. Some feel down about the economy because of their political views. And most people don\u2019t feel free to spend as much as they used to,” because they don\u2019t have the money and their credit cards are maxed out. And yet they get up every day and now here\u2019s Obama saying that his historical legacy is going to be his handling of the economy.<\/p>\n

Think about it. This means the public now views Obama\u2019s handling of every other issue as so terrible, as so bad, that he has to turn his handling of the economy into his legacy? That\u2019s the way to look at this, how bad everybody must think everything else is, including the signature issue, Obamacare.<\/p>\n

Man, if I had passed Obamacare… If I was a socialist, a leftist, and I finally got universal health care? If I got government-sponsored health care, that would be… I\u2019d be singing. I\u2019ll be crowing. I would be beating my chest! I don\u2019t care what else was going on. That is so huge. They have commandeered one-sixth of the economy, and he doesn\u2019t even want to make that his legacy? I understand why. Everybody hates it. And that is my point. He\u2019s got nothing to hang his hat on in terms of historical legacy.<\/p>\n

So he\u2019s going to go to the economy, and he\u2019s going to rely on the media to convince people that while their lives are stagnant, everybody else\u2019s must be going through the roof. “It must be! It must be cooking out there. There must be some great recovery going on out there, and maybe, maybe my day is coming.” That\u2019s what he\u2019s going to have to create, because it isn\u2019t chugging along out there. The economy is not recovering.<\/p>\n

More part-time jobs than full-time every month. Part-time jobs do not pay a lot. You don\u2019t build a career on part-time jobs. The fundamental reason why all this is happening is the pie that everybody wants a piece of… That\u2019s just the private sector. When we talk about “getting your piece of the pie,” it\u2019s a name for the economy, the private sector. Well, when the government comes in and absorbs one-sixth of it in the health care takeover called Obamacare, the pie gets smaller.<\/p>\n


\nAs government grows, how does it grow? What\u2019s government doing? It has to take money from other people, allocate it to itself to spend it however it wishes. It\u2019s called redistribution; it doesn\u2019t produce anything. The private sector is getting smaller. The pie is all getting smaller, and that\u2019s why there\u2019s less of it to be had for people. You want to talk about why the gap between rich and poor is expanding? It\u2019s because the pie\u2019s getting smaller, and the pie can only get smaller as government grows.<\/p>\n

That\u2019s the argument against government expansion in its simplest form. The argument against government expansion is that it shrinks opportunity for everybody who doesn\u2019t work or have anything to do with government. So now we\u2019ve got circumstances here where we\u2019ve got a president literally on the ropes, and the modern-day Republican Party is acting like it\u2019s on defense, acting like it\u2019s to blame for all this, acting like they think that everybody\u2019s blaming them for all of this.<\/p>\n

(pause) What other explanation could there be? They actually are running around thinking that most Americans think they are the reason they can\u2019t find a job; they are the reason their health care is screwed up. They believe that Obama has been inoculated because the media never criticizes Obama. So they believe the American people give Obama a pass.<\/p>\n

They believe that the American people believe everything the media says about them and Obama, and therefore they\u2019re constantly on defense. So now they want to pass an immigration bill that\u2019s going to go nowhere, knowing full well it\u2019s going to go nowhere, just so the Hispanics will love them. Just so they can send a message that they love the Hispanics. But the message isn\u2019t going to get out. This is not how you convey love and respect anyway.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: For crying out loud, did you see Obama has decided — now stop and think of this for a second, folks. Obama has decided that his historic legacy as president is going to be his handling of the economy. Now, when you hear that, I know full well what your reaction is. Is that […]<\/p>\n","protected":false},"author":14,"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":[1],"tags":[],"yoast_head":"\nObama's Legacy: The 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:\/\/admin.rushlimbaugh.com\/daily\/2014\/07\/31\/obama_s_legacy_the_economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Obama's Legacy: The Economy? - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: For crying out loud, did you see Obama has decided — now stop and think of this for a second, folks. 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