RUSH: This is this morning on Imus on WABC in New York. Imus: ‘I don’t think it’s fair for these senators to suggest that Goldman was taking advantage of a bunch of innocent people who didn’t know what they were doing.’
KERRY: I think people really just sense that there’s a lack of, uh, patriotism in it. There’s a lack of concern about the country. It’s just, ‘Hey, let’s make our money and run, and devil be damned what the implications are.’
‘Dingy Harry has accused Republicans of being ‘anti-American’ for blocking a Wall Street regulation bill from coming to the Senate floor.’ ‘Standard & Poor’s cut its ratings on Spain by one notch to AA from AA-plus Wednesday saying that a longer than expected period of low growth could undermine resorts efforts to cut the budget deficit.’ Actually two jobs here. The second one: ‘Green stimulus money costs more jobs than it creates, according to a study.’ We’ve had this before: ‘Every green job created with government money in Spain over the last eight years came at the cost of 2.2 regular jobs.’ So Spain has been downgraded. Guess what? Spain is California because Spain is the capital of green jobs, which are a net job loser! You have to remember the factors that have driven Spain into the toilet. It’s called liberalism, and the face of their liberalism has been green jobs.
BREAK TRANSCRIPT
RUSH: Here he is, Dingy Harry this afternoon at a press conference.
REID: All the talk of the Republicans about wanting to do something about this bill before it gets on the floor is really anti-Senate, anti-American. They keep stalling and they keep stalling, and it appears that they’re more concerned about taking care of the fat cats in Wall Street than they are the people who aren’t so fat, the people have been hit so hard, the consumers of America.
Obama didn’t get a bounce out of health care. The governor of Arizona got a 16-point bounce when the immigration law there was passed. Obama has yet to get a bounce from his health care bill. Nobody has any faith in the Democrats to do anything, because they own everything now. The Heritage Foundation asks, ‘Does Byron Dorgan really believe that anyone who did not blindly keep inflating the housing bubble was ‘betting against your country’? Is it now unpatriotic to believe that housing prices cannot infinitely rise?’ By the same token is it unpatriotic to aggressively go after profits, which is what the Democrats seem hell-bent on. Profits are unpatriotic now. Wall Street is unpatriotic. Republicans are unpatriotic and un-American, all from this bunch of people who say we shouldn’t be demonizing people in government, we shouldn’t be criticizing elected officials and what’s Dingy Harry doing, but calling them un-American, and Kerry is challenging Wall Street’s lack of patriotism. We’re not supposed to talk that way, I thought.
Make no mistake. One of the main reasons for yesterday’s hearing, the Goldman hearing, was to deflect attention away from Washington’s role in creating the 2008 financial crisis. It was the government-created and subsidized Fannie Mae and Freddie Mac that played leading roles in the markets at the center of the housing storm. But the left prioritized their political goals over financial reality. So once again, they’re passing the buck. They get to act like spectators.