RUSH: To the phones we go. Karen in Albuquerque, New Mexico, you're up first. It's great to have you on the program. Hello.
CALLER: Thanks, Rush. Hi. How are you?
RUSH: Very good. Thank you.
CALLER: Listen, I heard on Fox this morning that they said that the government was calling this "the Tea Party downgrade," and it's like Vietnam all over again. You know, the government gets us in a mess, and then the soldiers and the Tea Party are struggling to try and fight for this country and save this country, and they blame them. They spit on the soldiers when they came back from Vietnam, and now they're spitting on the Tea Party, and I'm sick of it! I'm sick to death of it.
RUSH: You ought to be. The Tea Party doesn't have enough power to stop anything yet anyway.
CALLER: And that's something else. You know, you hear people that are interviewed, that go to these Tea Party events -- like I went to the Tea Party event on 9/12 last September, and there were 11 of us from Albuquerque. There should have been 11,000 of us from New Mexico, not 11; or 1100, and the people are interviewed, and say, "Yeah, for every one of us, there are ten more that didn't come." Well, they need to get off their butts and go! They need to fight, because they're part of the problem if they're not part of the solution, and I'm stick of it. I want people fighting. I mean, I'm out there. I've never been an activist. It's like so many people that have called your show and said the exact same thing. I never was an activist when we were in Vietnam or any other time, but I'm sick of it! I am just terrified, if we don't fight for this country, who else is going to? And I tell you what: I used to think that Democrats were just a touchy-feely group of people, "Can't we all get along?" No. I think they're immoral, unethical -- or at the very least, you know, idiots or mentally disturbed people who can't figure out and use one commonsense thing to do in their lives. And I'm sick of it. I'm just so... And Congress, you know, the Republicans, we needed actual help, but they gave us all assistance just short of actual help. And we need actual help.
RUSH: Couldn't agree more. Couldn't agree more. That's why the next election counts -- and, you know, the Tea Party's stronger than you think. You know, a lot of people show up in Washington at a rally or not, it can be disappointing if you wish more showed up but the rally you want people to show up for is Election Day. It's gonna happen. You do not know. I'm sitting here listening to you and I'm thinking, "How many people are standing up out there and cheering and egging you on and saying, 'Right on, Karen! Right on." Millions of people agree with you. There's frustration everywhere, and it's the kind of frustration that breeds involvement, not apathy.
There's no more time for apathy. There's no more time for letting somebody else do it. The administration's terrorized by the Tea Party, the Democrat Party is terrorized by the Tea Party, the media is terrorized by the Tea Party -- and, by the way, you're not just an activist; you are a "terrorist" now! Joe Biden called you a terrorist. The media called you a terrorist. Tea Party members are terrorists now. You hold guns to people's heads! You're holding hostages now. All that means is that they are terrorized by you. They are terribly afraid of you. They know full well you stand in their way. They know full well you have the ability to educate and inform others.
Matthew in Syracuse, great to have you on the program. Welcome, sir.
CALLER: Rush, how are you? Hey, I would like to point out that the ecomomy being ruined is being done on purpose because there is no outrage with Barney still being in charge of Fannie and Freddie. I mean, the guy was arguing the week before the housing collapse that there was nothing wrong with Fannie and Freddie, that they were doing well; and then all of a sudden you have the market crash, everything else, and there's still no outrage to get him out of office. You know, running Fannie and Freddie. I just don't understand it.
RUSH: Well, Barney's not in charge of them anymore. The Democrats aren't in charge per se; the Democrats are the minority in the House of Representatives. Now, I don't know if it's a current partner, boyfriend, that still works there or old flame or not. I don't know, but Barney has had, let us say, his hand in at Fannie Mae for a long time and has done everything he could to stand in the way of regulators fixing it. So your instincts are right on the money. Matthew, I appreciate the call. Thanks much. Staying in New York and Yonkers, this is Mark. Hello, sir. Great to have you with us.
CALLER: Hi, Rush. I'm honored to speak to you, sir.
RUSH: Thank you.
CALLER: I've listened to you now for four years. You've taught me so much. You know, I just have an observation more than a question. I hear you talk a little about how Obama's "landslidable" and how he could lose big time the next election -- and I pray that's true because I fear for the future of the country, as you do -- however there are legions of idiots and zombies out there who don't have a clue to what's going on and it's already set who they're gonna vote for. It's already set.
RUSH: What's already...? Oh, set. It's set.
CALLER: Yeah, who they're gonna vote for in their minds. No matter what he does. It doesn't matter what he does.
RUSH: Okay, if what you say is true then George W. Bush should have never won an election or Ronald Reagan should have never won an election. I mean, the same idiots are always out there. The thing is those idiots are outnumbered, and the legions of people that voted for Obama consist of a number of people who have run away, who have fled. His approval number in Gallup is at 40. His approval number on his health care law is in the forties. A vast majority of the American people oppose Obama policy by policy by policy. Now, true, there are ethnic groups that are gonna vote for Obama 93%. The African-American community is gonna vote for him 93%. They always do. Hispanics may be up for grabs. The independents, a big group, have moved away from Obama -- and what is happening now to move anybody to him? Other than people who want this. You gotta think for Obama to be an easy victor in 2012, that there have to be a majority of people who want this for the country. Now, anybody is welcome to call here and try to convince me that a majority of Americans want this. I would love to hear your reasoning.
RUSH: Marilyn in Dallas, thank you for waiting. Welcome to the Rush Limbaugh program. It's great to have you.
CALLER: Hi, Rush.
RUSH: Yeah, hi, Marilyn.
CALLER: I don't think Obama's this worried. He's still got another rabbit to pull out of the hat and that's taking o the 401(k)s, the IRAs, and the pensions, because that way he now has a committee of six people from both parties that have very little choice but to pick something like this because it's gonna put $7 trillion into the bond fund. It's gonna make the next ten years look wonderful, and the unions are gonna be delighted because they saved their pensions.
RUSH: Wait a minute. You think that the super committee in Congress will simply appropriate the money and people's 401(k)s and Keogh plans?
CALLER: He needed two things to make this 401(k). They've already done the paperwork. The White House committee...
RUSH: Wait a second. What do you mean, they needed two things to make...? What 401(k) thing?
CALLER: To make this happen, we needed two things. They needed, first of all, to neutralize the Republicans, because when they tried to present the nationalizing the 401(k)s in '09 to say that we were gonna, you know, add money to the Treasury, they were confronted with the Republicans; and then when the Republicans won the House, they were really put down by it. But now that they have neutralized the Republicans by forming this committee, holding the Republicans hostage because they either --
RUSH: But Marilyn... Marilyn, I... Look, I have to admit here -- I don't admit this very much, but -- I'm totally lost. Do you not...? 401(k)s are worthless right now. Nobody's 401(k) is worth taking.
CALLER: Sir, they have $7 trillion to take if they choose to take all the pensions, the 401(k)s, and the IRAs, and the paperwork has already been done.
RUSH: Now, wait a minute. Pensions, again --
CALLER: All the pensions --
RUSH: I understand.
CALLER: -- the 401(k)s. It's called the "government retirement income plan."
CALLER: Our lifetime retirement.
RUSH: Yeah. I understand. Yeah, I now know what you're talking about.
CALLER: And in '09 when they tried to do this, they sweetened the pie by saying, "Okay, we will value your 401(k), and it was on the day before September '08."
RUSH: I remember. It was a deal. Yeah, I know what you're talking about. They wanted to take --
CALLER: He needed the meltdown again.
RUSH: They wanted to take your 401(k) away and promise you a certain gain every year in exchange for taking your 401(k). They would just do QE3 today. They would just start printing money if they wanted money. It's $2 trillion, Marilyn: $2 trillion of asset value in the last eight or nine days, kaput. Now, the pensions. State teachers, public workers pensions are underfunded by an incalculable amount. Underfunded. Now, there still is money in them, I understand this. This idea actually goes back to the Reverend Jackson early in the 1990s. It was his idea to go get pension money and then shore up whatever he wanted it for, but times have really changed. I know what you're referring to and so forth, and I don't doubt what your associated motive is for Obama.
"Okay, he's on the wrecking path here. Just take everything else everybody's got."
I understand that you think he's totally capable of doing that. I do, too. I do, too. It's part and parcel of thinking this is on purpose. But you can't come out and make it look like it's on purpose. So the fastest way to do this would be to start printing money, but with the AAA rating down to AA, you can't do that. You can't print money now. Everything has changed with that rating downgrade. His hands are tied. There's actually one potential positive of this, and that is that other Obama-type Keynesian weapons are fewer in number.