RUSH: Let's go back to Elkhart, Indiana, yesterday, at a campaign event, Senator Barack Obama.
OBAMA: As president, I will put the full resource of the federal government and the full energy of the private sector behind a self-image, overarching goal: in ten years, we're gonna eliminate the need for oil from the entire Middle East and Venezuela. (applause) All of it.
RUSH: (laughter) What is this magic ten years? In ten years, we're going to destroy the oceans! In ten years we've got no hope of surviving. Ten years, ten years. Now we've got ten years to get off the Middle East and Venezuelan oil. (interruption) Yes, Mr. Snerdley, program observer with a question. (interruption) What's the question? (interruption) Well, the... You mean Chavez or Obama in charge of the private sector? No, he said "full resources of the federal government." He said, "As president, I will put the full resources of the federal government, the full energy of the private sector..." (interruption) Oh, oh, oh. I see your point. I see your point. There's a companion story to this, ladies and gentlemen. Associated Press: "Post Office Posts $1 Billion Loss -- The Postal Service had a net loss of more than a billion dollars in the third quarter of this fiscal year, the agency said yesterday. For the quarter ended June 30th, the loss was 1.1 billion."
Now, these are the same people that some of you might want the government to run your health care. This is the same government Barack Obama is going to use the full resources of to see to it in ten years that we don't need and we're not going to get any oil from Venezuela or the Middle East. Again, I go back to yesterday. When this guy starts talking about energy and oil, I get incredulous, and I start losing my coherence, 'cause it's just mind-numbingly stupid. However, it's like when Obama goes out and seven-year-old little girl (little girl voice), "Mr. Obama! Mr. Obama! Why do you want to be president?"
"'Cause the country is not what it once was. The country could be a lot better." While you and I sit here and absorb that, you have to understand that the kook fringe base of Obama is out there cheering, because they've been mad at him for all the flip-flops, and now when he goes out and rips the country. He couldn't care less what the seven-year-old girl thinks about it, but these stupid, insane lunatics that make up the Democrat base are standing up and cheering. They do live in an alternative universe. So Obama says we're gonna get rid of oil from the Middle East and from Venezuela in ten years. This is just numbingly dumb.
How are we going to do this? Just what are we going to replace all of that oil with? Tire gauges are not the answer here. They're not gonna pull this off. Tire gauges won't create any energy. (sigh) What are we going to do? Where we not going to get the oil? You're not going to let us drill anywhere, so we can't drill our way out of this. As I said so eloquently, and if I say (laughter) brilliantly yesterday, "We can't inflate our way out of this," either. But this is just a platitude. It's a pandering applause line rooted in the Democrat Party's war on energy. Oil as the big demon. Now, the next sound bite is the one in which he explains how he's going to do it. How he's going to eliminate the need for all of the oil from Middle East and from Venezuela.
OBAMA: To do this, we're going to invest $150 billion over the next decade -- and leverage billions of dollars more in private capital -- to harness American energy and create five million jobs in the process; jobs that cannot be outsourced, good paying jobs that will be created right here in Indiana (kooks cheering) and all across the United States of America.
RUSH: Oh, yeah, right on, right on, right on, right on. Pipe dream city. We're going to invest 150 billion over the next decade? That's 15 billion a year. We're talking energy, folks. That's chump change. Can I be honest with you? Fifteen billion a year with new energy? Chump change. What are we going to do that we haven't done yet? We're already doing wind. Do you know what we got for it? Pfft. We're already doing solar. Do you know we got for it? Pfft. It may work down the road, I'm not ridiculing it, but there's nothing out there to replace oil. Zilch, zero, nada. "We're going to invest $150 billion," that's your money, and then we're going to "leverage billions of dollars more in private capital?" What's that mean? We're going to create, like, the Federal Department of Tire Pressure? What are we going to do? How are we going to "leverage private contaminant capital"? Obama's government is going to tell the private sector what to do? Or is he going to create sort of a Fannie Mae-Freddie Mac situation for energy? They'll just be front groups for channeling campaign contributions to Democrats. Yesterday also in Elkhart, Indiana, here is Obama discussing oil in Iraq.
OBAMA: Some of you may have read in the newspaper, Iraq has been getting a windfall because of rising oil prices. They have a $79 billion budget surplus. At a time when we're spending $10 billion a month in Iraq, they've got almost $80 billion that's not being invested in services for suffering Iraqis or reconstruction.
RUSH: That simply isn't true! It is being spent that way. But wait a minute! All that's beside the point. I thought it was immoral to go to war for oil, and now we got Iraq pumping oil to the tune of $79 billion surplus, and he hates that oil, too. He hates Iraqi oil. They're having a "windfall." "Iraq has been getting a windfall because of rising oil prices." Let me once again define a windfall profit for you. A windfall profit is when you are an individual or an entity that reaps financial rewards, having done nothing associated with the activity producing those rewards. It is thus and therefore impossible for oil companies to have "windfall profits," unless you want to talk about windfall losses, which they also incur on a cyclical basis. But you cannot... It's impossible for the Iraqis to have a windfall. This was just more psychobabble from the left that is designed to get some of Obama's supporters -- Democrats, liberals -- as possible hating capitalism.
RUSH: Ladies and gentlemen, pardon me for just a moment here. I have a message for The Messiah, the Most Merciful Lord Barack Obama. Senator Obama, you say we're going to eliminate the need for all oil from Venezuela in ten years and from the Middle East in ten years. You're going to do this by investing $150 billion in whatever. Senator Obama, we could eliminate -- I have looked this up -- we could eliminate the need for Venezuelan oil by drilling in ANWR, by starting the process today. And isn't it interesting, Senator Obama, based on your own rhetoric and that of the Democrat Party, you say, well, hell's bells, if we start drilling today, it's not the answer, can't drill our way out of this, why, we're not going to get any new oil for ten years. Well, according to your plan, we're not going to need any new oil for ten years. We're not going to need it 'til you get rid of Venezuelan oil. So it seems like it would be a perfect time to go for ANWR. ANWR comes on line just at the same time you want to stop using oil from Venezuela. Bingo. And, by the way, Senator Obama, six more ANWRs and we could eliminate the need for Saudi and Middle Eastern oil. Just six more ANWRs. But, of course, with Senator Obama, we can't have new oil in our energy plan. No, it's gotta be something that hasn't been invented yet and that doesn't work, but that we can waste a whole lot of money on.
Here is Gordon in Lakeland, Florida. I'm glad you waited, Gordon. Thanks very much. Hello.
CALLER: Thank you for taking my call. I'm a true conservative down here in Lakeland, and it's very rare that I think that I catch you in a mistake, and it's probably even rarer that you actually are, but I'd like to respectfully dissent with you on two points. First, yesterday you said that you disagreed with some points of Paris Hilton's plan, okay, I put that in quotes, and you said that you did not think that alternative energy would work, and today it sounded like -- don't take this the wrong way -- it sounded like you were flip-flopping just a little bit in saying that maybe way on down the line solar and wind could work. And Sean Hannity and I are true conservatives, and we look forward in the future, maybe not today, maybe not tomorrow, but just like drilling is something that we need to start doing, I believe that we should start doing alternative energy --
RUSH: We're doing it.
CALLER: Okay. So I don't really disagree with you I think I misunderstood, but the other point of disagreement is this. Early on, you said that Hillary Clinton was the weaker of the two candidates, to support her in the primaries, and this sounds like you're flip-flopping on that point. Am I correct in my assumption here?
RUSH: No. I'm clueless. You're a great, solid, hundred percent conservative by your own admission.
RUSH: I have said nothing of the sort on either of your points. I am not opposed to alternative energy. I'm the guy who says that necessity is the mother of invention, and when the time comes, when we really need these things, it's going to happen because we're free, we're Americans, we have the ingenuity, we have the creativity, as long as people like Barack Obama are not in the way. But the flat-out reality is there is nothing anywhere on the horizon that will replace oil. We've got pipe dreams about hydrogen, pipe dreams about hybrids and so forth, and they can take up the slack, but nothing's going to replace oil. Oil is too ingrained in all of our society, culture, and business. So many products are made with oil. This whole thing of getting rid of oil is absurd. And I don't care, you may be able to drive around in a hydrogen car or a hydrogen bus or what have you somewhere down the road but you're never going to have air transit rely on that. Something is going to happen. I happen to think actually that some bright-eyed wizard of smart is going to find out how to use seawater to replace most of our energy needs. I think that's going to happen. That's just me; that's just my gut instinct. I'm not a scientist, and I don't play one on the radio. Now, as for Mrs. Clinton being the weaker of the two, I am totally confused. The point of Operation Chaos was to create the chaos by keeping her in the race, regardless who got the nomination. We weren't interested in who got the nomination. A liberal is a liberal. It doesn't matter. I know you're a good conservative, but you gotta work on it, listening.