RUSH: We just about missed this story. We almost missed this, February 7th in the Cincinnati Enquirer: "Northside Stimulus Bogs Down -- Last July, Vice President Joe Biden stood in front of a hulking, five-story abandoned factory in Northside with good news: The federal government had approved $1.6 million in stimulus money to help transform the American Can Building into new stores and apartments. The project would create 100 construction jobs -- proof, Biden said, that the stimulus was putting people to work. Seven months later, the project remains stalled, and has yet to make good on that promise." The problem? Are you sitting down? "While $1.6 million in federal money will help the developer clean up the site, the project still needs more than $4 million in private capital to get going, and so far, banks have been unwilling to lend it. The vice president's office conceded that the project has not moved as quickly as hoped ... 'But we didn't get in this economic mess overnight, and we aren't going to get out of it overnight.'" What an abject fool, Joe Biden.
Let's take a look. Roll back Pelosi. Federal spending, 2007, two and a half trillion dollars, great year. Look at what it is now. Let's compare things. In the 2006 midterm elections, the Democrats took back control of Congress. In January of '07 the Dow Jones Industrial Average was 12,398. Current is 10,000, down 2,000 points, 2,400. In January '07, the employment rate, 4.6%. Today, 10%. The federal deficit, January '07, $162 billion. Today, one and a half trillion. Federal debt, January '07, $8.7 trillion. Current, $12.3 trillion. Three years of damage unlike we have never seen, the Democrats and total control of the US Congress. All right, to the phones we go.
This is Rhett in Charlotte, North Carolina. Great to have you on the program, sir. Hello.
CALLER: Hello, Rush, and dittos from the Tar Heel State. And I just want to tell you, I appreciate you taking my call. I also want to thank the men and women of the US military for their service for our country. And here's my question, and I got a comment afterwards if I can make it.
CALLER: The midterm elections, the Blue Dog Democrats, I want to know if you think we will see a major defection in their ranks to change party affiliation now that they see the true Trotskyist agenda of Obama and because of his expansionist win at all costs ideology, can we trust 'em?
RUSH: It's going to be real interesting to see. I have been warning the Blue Dogs that they're not going to be able to vote for any of these Obama agenda items and go home and pretend that they are fiscal conservatives. A number of Democrats have already switched parties or announced that they're going to. I think as we get closer to November and the unraveling of the Obama agenda continues -- I don't know if they're going to change parties or not, or if they just quit, I really don't know. But there's going to be a major upheaval, and they're going to know it, and it will dictate what they're going to do. What is your comment?
CALLER: Well, I just wanted to tell you that right now we've got the birthers of the tea party and the Tenthers of the Tenth Amendment but I don't know if they've coined you as one of the truth-tellers of our time for the conservative movement, but I consider you right up there with Joe Wilson of South Carolina and also Justice Alito, because you all are exposing Barry for what he is. He's not telling the American people the truth. It's somewhat of a political equivalent of the emperor isn't wearing any clothes. And that's the first step for America to take back this country is to realize we have a problem and I just want to tell you thanks for everything that you do.
RUSH: Thank you, sir. Thanks very much.
RUSH: To Palm Springs, this is Steve, great to have you on the program, sir. Hi.
CALLER: Rush Hudson Limbaugh, how are you doing, sir?
RUSH: Mmm, mmm, mmm.
CALLER: Mmm, mmm, mmm. Hey, the wife and I had a conversation last night before I get to my point, I told her I'm going to be on the Rush show tomorrow, might want to listen in, and she said, "Well, it's not like you're going to be talking to God." And I said, "Well, I talk to God every day. It's not every day I got to talk to Rush Limbaugh."
RUSH: (laughing) Whoa.
CALLER: (laughing) Rush, hey, listen, man, I'm a pipeline contractor out here in Southern California. And you're right on the money about these unions just taking all this shovel-ready money that's available for me to go out and get, so I can go hire and get my tax credit from Obama. (coughs) Excuse me. I'm feeling a little sick today. All this money's going straight to the unions. They're the only people that can handle it. And me as an entrepreneur --
RUSH: Right. So you're telling me, you're in a shovel-ready business, you're a contractor.
CALLER: Yeah, absolutely, and believe you me, I work alongside union contractors all the time, and they would like nothing better just for me to fall off the face of the earth, which brings me to my next thought --
RUSH: Well, I mean those are people that could make that happen. You gotta be on guard.
CALLER: Yeah. Yeah. Well, one thing you bring the slogan back, roll back Pelosi. Well, this is coming straight from my heart. I believe with every fiber of my being that Obama wants me, an entrepreneur in the construction industry to fail.
RUSH: You know what? I don't blame you for thinking that. And I hope more and more people understand, whether he wants it to be the case or not, he's making it the case. He's causing it to happen. That ought to be enough to stop this.