RUSH: We will start in Greensburg, Pennsylvania, with Bethany. I’m glad you called. Hi.
CALLER: Hi, Rush. It’s a pleasure to talk to you.
RUSH: Thank you.
CALLER: I’m calling. I need you to enlighten me a little bit here. My husband and I are in the process of buying a home, and it’s becoming more and more obvious as we go through this process, that despite what’s happened in this country with the housing crisis and the credit, that our government is still in the habit of rewarding inefficiency and, you know, underachievers. And I need you to just answer: ‘When, in the history of this country, has that ever been an effective policy?’
RUSH: Depends on effective for who.
CALLER: (laughs)
CALLER: It’s astonishing. It’s astonishing. It’s not working for me. It’s not working my family. (laughs)
RUSH: That’s because you are to be gotten even with! You’re part of the class. You’re part of the achiever class that has unfairly acquired what you have. You and everybody else have effectively stolen it or in some other unethical way taken a greater share of American wealth than you deserved, and you left too many people poor and you left too many people impoverished and too many people in the lower middle class, and it’s time that you return some of that wealth — ill-gotten gains — back to the people who are the rightful owners.
CALLER: I’ll tell you, it’s frustrating. It’s frustrating to go anywhere in western Pennsylvania. We’re hardworking people. We never look to the government for handouts, you know? And we’re going through this home buying process, and they —
RUSH: By the way, I need to ask you about that. People probably stunned that you’re buying a house in this market. Could you explain the details of this?
CALLER: Sure. Absolutely. First of all, we’re in western Pennsylvania, so there was never a huge bubble. The home prices pretty much stayed the staple whereas in the rest of the country right now they’re down, what, 25%?
RUSH: So there no major foreclosures en masse in western Pennsylvania?
CALLER: Well, the prices have stayed relatively even. You know, we’re down two or three percent.
RUSH: Yeah, but aside from that, why do you want to buy a house in this market? That’s what people are wondering, because you’re not going to get relief on your mortgage.
CALLER: Well, right now we’re paying a high amount in rent. We have a great credit score. We’re in the 800s. We have no other debt. We don’t, you know…?
RUSH: I love this.
CALLER: Our cars are paid for. The only thing we’re paying is our student loans which, you know, I would never regret. So why not buy a home? Get settled, you know, raise our kids.
RUSH: See, folks, what you’re listening to? Bethany, thank you.
CALLER: You’re welcome. (giggling)
RUSH: Thank you very much. What you just heard is somebody, whether she knows it or not, is looking at the recession and saying, ‘I’m not participating.’