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We've Never Been Here Before

BEGIN TRANSCRIPT

RUSH: Barack Obama, Chrysler, what is it down to now, GM down to $1.10, down 34 cents. They're saying it was a good day for Barack Obama, he's convening another health care summit. It's amazing, you know, health care experts in this country have been trying to find ways for years to reduce costs. Obama has a couple days worth of meetings and figures out a way to do it. Automobile makers have been trying to figure out a way out of their mess for years. Obama convenes a task force, a couple meetings over a couple days and saves the automobile business.

Isn't it amazing what Obama can do in just a couple days? And then rest on the seventh one. (interruption) What do you mean, nothing was done? Snerdley, Snerdley, what do you mean nothing was done? They're going to save $2 trillion. They got the agreement, they're going to cut $2 trillion; they're going to fix health care, going to nationalize it. Government's going to be in charge of it. The government runs everything else brilliantly and efficiently. What do you mean? Of course it's just words, but I mean he fixed it. I'm saying in two days of meetings, health care is going to get solved. Two days of meetings, the automobile problem's going to get solved. Two days of meetings, the economy is going to get solved. I mean this guy is amazing. People work for years, decades, trying to solve problems. This guy comes in, does so in two hours, or in some cases, two days.

By the way, this is an actual headline from Advertising Age on their website: "'Obama Halves Chrysler's Planned Marketing Budget' -- Chrysler wanted to spend $134 million in advertising over the nine weeks it's expected to be in bankruptcy -- the US Treasury's auto-industry task force," which is Obama, "gave it half that. So if GM, which is wrestling with the possibility of a Chapter 11 filing itself, is wondering how much influence the task force will have over marketing, the answer is: plenty." Well, of course. This is not an abstract argument. This is not some theoretical, abstract argument that people sit around and debate. This is the government takeover of the automobile business! This is not the United States of America that you and I grew up in. This is fascism! This is not the United States of America we grew up in. People are debating this in an abstract way, "Well, do you think Obama can really save the automobile --" it's not his job; it's not what this country is all about.

When you see a headline: "Barack Obama tells Chrysler, 'No, you can only spend half of what you've budgeted on advertising,'" that's not an abstract theoretical argument that we're having over what will be the impact. This is a matter of principle, founding principles, capitalist principles that have just been ditched. And what's happening in health care, we're going to go into that in some detail as the program unfolds today, because it's incredible as well. I don't mean to be redundant here, folks, but this is not something that's just a quaint little debate topic that you might have in a college or high school class. This is actually happening. It's not in the abstract. I don't know how you turn the clock back on this stuff. Once the government owns all of this and starts dictating how these businesses -- and all of it was predictable.

CBS has on their website: "'It's A Good Time To Work For Uncle Sam' -- President Obama's call last year for 'shared sacrifice' doesn't extend to federal employees, at least based on the details of his administration's 2010 budget released this week. At a time when the official unemployment rate is nearing double digits, and 6.35 million people are receiving unemployment benefits, the US government is on a hiring binge. Executive branch employment -- 1.98 million in 2009, excluding the Postal Service and the Defense Department -- is set to increase by 15.6 percent for the 2010 fiscal year." Essentially, folks, what we're going to have here is the average pay for federal workers is going to go up from $72,800 in 2008 to $75,419 next year.

"Some of the Feds' hiring increases have been stunning. If you look at the four-year period from 2006 to 2010, the number of Homeland Security employees has grown by 22 percent, the Justice Department has increased by 15 percent, and the Nuclear Regulatory Commission can claim 25 percent more employees." And again, the average pay per federal worker will go from $72,800 in 2008 to $75,419 next year. So unemployment throughout the private sector is increasing. Unemployment benefits, the number of people receiving them is increasing. Wages are certainly not increasing, but the federal government's going nuts, expanding and hiring -- and they don't have any money! The federal government is out of money! They can't take over anything without printing the money to do it. They can't borrow as much as they need, they're just printing the money, take over health care, take over this. They don't have the money. Deficits to the total of $10 trillion have been run up. And a lot of people think this is just temporary, 'cause when Obama fixes this, it's all gonna normalize. No. We've never been here before. We've never been in this territory before.

We heard not long ago that New York, the city, the state, whatever, was thinking of taxing sugary drinks, soda pop, to raise revenue. And then it kind of died out. Well, it's picked up again, this time in the United States Senate. "Senate leaders are considering new federal taxes on soda and other sugary drinks to help pay for an overhaul of the nation's health-care system." No, I'm not kidding. This is in the Wall Street Journal. "The taxes would pay for only a fraction of the cost to expand health insurance coverage to all Americans and would face strong opposition from the beverage industry." Big deal. Might face strong opposition but by the time it's all over, they'll cave, too. Everybody else is caving. "They also could spark a backlash from consumers who would have to pay several cents more for a soft drink." Hey, has it sparked a backlash from cigarette smokers? Have the massive tax increases in tobacco sparked a backlash from cigarette smokers? I mean, a public one? Some may not be buying, but do you see protests? Do we actually think people are going to be protesting a tax increase on Coke? Obama is doing this for our health, he's helping us out.

These manufacturers are gonna cave like everybody else does. The rich is gonna pay for a lot of things and the rich is going to get soaked, but there isn't enough money there. There's not enough. They could confiscate everybody's taxes one time and still not pay for Obama's budget. Confiscate it all, confiscate all income. There's not the money to pay for what he's doing. "On Tuesday, the Senate Finance Committee is set to hear proposals from about a dozen experts about how to pay for the comprehensive health-care overhaul." It's a big roundtable, and after this roundtable he'll have solved the problem. It will be amazing. Just like the automobile problem will been solved after a couple days, the health care problem is solved today. It will be solved today, after the roundtable. You should go out and have a party tonight because after tonight, health care problems are solved. They're over with. It's going to be done and Obama will move on to the next thing. And the press will dutifully report how brilliant and how wonderful and how efficient Obama is; he's tackling all these issues, and he solved them.

"… about a dozen experts about how to pay for the comprehensive health-care overhaul that President Barack Obama wants to enact this year. Early estimates put the cost of the plan at around $1.2 trillion. The administration has so far only earmarked funds for about half of that amount. The Center for Science in the Public Interest-- " Do you remember this bunch? These are the people that got monosodium glutamate banned. These are the people that got coconut oil banned in movie theaters, Chinese food, these two anorexics, basically what it is, two anorexics and a fax machine sending out important data on the dangers of food have become this massive leftist organization that has instant credibility. "The Center for Science in the Public Interest, a Washington-based watchdog group that pressures food companies to make healthier products, plans to propose a federal excise tax on soda, certain fruit drinks, energy drinks," think Gatorade, "sports drinks and ready-to-drink teas," like Snapple. "It would not include most diet beverages. Excise taxes are levied on goods and manufacturers typically pass them on to consumers," and so forth.

So, ladies and gentlemen, the Center for Science and the Public Interest has got the ear of the United States Senate, and they're going to have to start raising taxes everywhere. They don't have any money. They don't have the money to do 90% of what they're doing.

We must take a brief time-out. Oprah Winfrey did the commencement address at Duke University, and she said it's great to have a private jet. It's great to have a bunch of big houses, great to have a mansion, great to have a mansion that was spared by a fire in Santa Barbara, great to have your private jet, all these things were used as the definition of success. Great to have a nice home, great to have nice homes, great to have a nice home that just escaped the fire in Santa Barbara, it's great to have a private jet. Anyone that tells you that having your own private jet isn't great is lying to you. She's calling Obama a liar. It's Obama who wants to take people's private jets away from them, and she was one of the many early Obama supporters. Oh, by the way, you know how Obama told people today these people getting on their jets and flying to Las Vegas are over? He's going to Las Vegas. Big party. Big fundraiser for Harry Reid. So it's okay for The Messiah to go to Las Vegas and take people with him and have all kinds of money thrown around out there for a Democrat Senate candidate, it's great for that. You're not supposed to go and CEOs are not supposed to go. Those days are over. Oh, yeah, Chrysler, you want to spend $134 million to advertise -- nope, nope, nope, you're only going to spend half that.

Now, of course, there's a trickle-down effect in advertising, too. There are advertising places like this show, radio, television, that get advertising budgets and dollars from various companies. And you could say that that is stimulus. So millions of private sector activity has just been overruled by President Obama when it comes to advertising products. Now, what's Chrysler supposed to do? Yes, they're in the middle of bankruptcy. That's when they need to be advertising all the more.

END TRANSCRIPT

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