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Maxine Waters Threatens to "Socialize" the Oil Industry

BEGIN TRANSCRIPT

RUSH: Maxine Waters yesterday made an absolute total fool of herself during the House of Representatives grilling of Big Oil executives. If you see the video of this, you can see even her associates are laughing at her. We have two bites to illustrate this. The House Judiciary Committee task force investigating competition in the oil business, the president of Shell Oil, John Hofmeister, testified. Maxine Waters said to Hofmeister: "Can you guarantee the American people that the price of oil will go down if oil companies are allowed to drill wherever they want to off US shores?"

HOFMEISTER: I can guarantee to the American people, because of the inaction of the United States Congress, ever increasing prices, unless the demand comes down, and the five dollars will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies.

RUSH: Now, that's a "yes," right? He basically said yeah, he went about it answering it in sort of a fatalistic way, said, "I can guarantee the American people because of the inaction of the US Congress --" meaning you, Maxine, "-- ever increasing prices." I mean, you people in Congress are going to be the reason the prices keep rising, unless the demand comes down, and that five dollars that people are expecting to be paying soon is going to look like nothing if we are prohibited from finding the reserves. So basically he said yes, right? Here's Maxine's reply.

WATERS: And guess what this liberal would be all about? This liberal would be all about socialize -- uh, uh, would be about basically taking over and the government running all of your companies.

RUSH: (laughing) She stepped in it big time. She knew it when she said "socialized." She said it. And guess what this liberal will be all about? This liberal will be all about socialized -- ah, oh, no, oh, no, the cat's out of the bag, what do I do now? She had no choice than to go ahead and admit what she wants to do. Well, I think there is reason, ladies and gentlemen, here to be positively predisposed to the lovely and gracious Maxine Waters here for finally having the courage and the guts, whether it was an accident or not, she realized she stepped in it and rather than put the foot out she put the other foot back in. So you put a bag of manure in front of a Democrat and inevitably they're going to step in it. Maxine Waters stepped on it and in it. Here, listen again. She gets caught here. She has been honest. She has told us what liberals and leftists in this country genuinely would like to do.

WATERS: And guess what this liberal would be all about? This liberal would be all about socialize -- uh, uh, would be about basically taking over and the government running all of your companies.

RUSH: Now, as I say, if you see the video of this, some of her cohorts are sitting there laughing at this, even the Democrats. Then you have these oil execs sitting there, and what are they to make of this? I mean, they're talking to a genuine colossal fool, a glittering jewel of colossal ignorance, Maxine Waters. Put her on the short list for Obama's vice presidential candidates. I mean, she's more than qualified here.

END TRANSCRIPT

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