Yeah. Flock of Seagulls was one guy, a MIDI machine, and a synthesizer.
Story #2: Market Tease Attempt: Obama and Bernanke to Meet
RUSH: News from Reuters, just the headline so far: "White House, President Obama to Meet with Fed Chairman Bernanke Later Today." Yes, it looks like they're still trying to tease the market up. Obama and The Bearded One will meet later this afternoon.
Story #3: An Interesting E-Mail Analysis of the Budget
RUSH: I got an e-mail from a friend of mine earlier this week who said a friend of his had sent him something, and now I've seen this all over the place out there, but it's pretty good. The federal budget related to a normal family. Even though the USA has no budget on paper for over 800 days. Do you realize that it's pretty accurate to say, 800 days -- almost three years -- that the US now has not had a budget since Obama was president. That is one way of looking at it. "The US Congress sets forth a budget every year in the trillions of dollars. Few people know how much money that is, so federal spending needs to be broken into simple terms to be understood.
Let's put the 2011 federal budget into perspective," and I don't know if these are the right figures. "US income, $2.17 trillion. Federal budget, $2.82 trillion. New debt, $1.65 trillion. National debt, $14.271 trillion," but it's now closer to 17 with the debt deal. "Recent budget cut, $38 billion, which is about 1% of the budget." In the debt deal, the budget cut was 1% of the budget: $38.5 billion That's what everybody was celebrating and high-fiving over. Okay, but trillions. What this piece does is to help think about these numbers in terms that we can relate to. "Therefore let's remove eight zeros from these numbers and let's pretend that this is the household budget for the fictitious Obama family. Total annual income for the Obama familiar is $21,700. The amount of money the Jones family spent was $38,200. The amount of new debt added to their high interest credit card, $16,500.
The outstanding balance on their credit card with an annual income of $21,000 is $142,000,"
That's how much they owe," and because the Obamas realize they're in real trouble, they decided to become responsible and cut their spending; and after a lot of posturing and wrangling, they agreed to cut $385 from their budget." I know with the spoken word, it's still tough to follow a lot of numbers. But that is a pretty good illustration to making these trillions understandable. A family of $21,700 income spends $38,000, adds $16,000 of debt on their credit card to a balance already at $142,000 and decided to "get serious" so they cut spending $385. That's what we just did. Except we did it with trillions instead of hundreds and thousands.
Story #4: Hollywood October '12 Surprise: Obama/Osama Movie
RUSH: Get this, ladies and gentlemen. Maureen Dowd recent piece: "Hollywood Is Going To Use SEAL Team Six To Boost Obama's Reelection Prospects." Apparently Kathryn Bigelow who was the director of The Hurt Locker, and I guess the writer, the screenwriter Mark Boal (and they have become an item) are doing a movie on the assassination of Osama Bin Laden. They are preparing that movie for release in October of 2012, a month before the election. "The White House..." This is Maureen Dowd: "The White House is also counting on the Kathryn Bigelow and Mark Boal big-screen version of the killing of Bin Laden to counter Obama's growing reputation as ineffectual.
"The Sony film by the Oscar-winning pair who made 'The Hurt Locker' will no doubt reflect the president's cool, gutsy decision against shaky odds. Just as Obamaland was hoping, the movie is scheduled to open on Oct. 12, 2012 -- perfectly timed to give a home-stretch boost to a campaign that has grown tougher." The White House has provided access to the film company. They've let them in the White House. They're letting them see confidential stuff, files, all kinds of exclusive access to see what Obama did and all of it's being incorporated in the movie, and it's gonna make him look like Superman. October 12th release date. What's the title of this movie? Is there a title of this stupid thing yet? Not that I could see here. I'm speed reading but I don't see a title for this, but, at any rate, you wonder what the military thinks of this, what SEAL Team 6 thinks of this, being used to boost Obama's reelection chances in a movie made by the team that did The Hurt Locker.
You know, on this movie that Kathryn Bigelow and Mark Boalare doing for Obama in the campaign, is that gonna be a campaign contribution? They told Bush you couldn't use 9/11. Remember they told Bush he could not use 9/11. That was official. He could not use 9/11 in the campaign. Who are they gonna go get to direct this thing, Leni Riefenstahl? And I wonder, will there be a sequel? Like, this is a sequel to The Hurt Locker. Will the Obama movie have a sequel, The Chinook Shootdown? I mean, if you're gonna do a movie on Obama's great military leadership, let's go all out here.
Story #5: Kansas Returns Health Insurance Exchange Grant
RUSH: "Kansas became on Tuesday the second U.S. state to return a large federal grant meant to help it create a prototype health insurance exchange as part of the Obama administration's healthcare overhaul. Republican Governor Sam Brownback said the state would give back the $31.5 million it received from the U.S. Department of Health and Human Services to become an early leader, along with six other states, in establishing health insurance exchanges that other local government could use as a model." Now, I have a question. We keep hearing this term "exchange;" federal exchange, the state health exchanges, the local exchange.
Do you know what an exchange is? You better learn, because before all is said and done we're all gonna be going on 'em, if you want to have health insurance, and the law's gonna require that we have it. Exchanges are meant to provide an open marketplace of competing insurance plans that allow uninsured peoples and small businesses to band together and negotiate cheaper rates. That's what exchanges are "meant" to do. They will not do that. There's gonna be nothing free market about the exchanges when they're all implemented and operating. The whole point of the exchange is (chuckling), it's the only place you're gonna have to be able to going to do insurance, and the state or the Fed is gonna be the only people selling it. That's the underlying purpose of Obamacare.
Story #6: London Calling: Striking Verizon Union Thug Mischief
RUSH: You want to know why Obama is sending his SEIU thugs? London is here in its own way, folks. London is here. It's just that the media mostly ignore it. Here's a story from Andrew Breitbart's Big Government website: "Union Extremists Using Children, Harassing & Menacing Replacement Workers In Verizon Strike -- It's only been a few days since 45,000 CWA and IBEW members walked off their jobs at Verizon, however, incidents of harassment, sabotage, and illegal picketing have already begun to pile up. On Tuesday, Verizon obtained an injunction in Pennsylvania and filed for one in Delaware 'to prevent "illegal" and "reprehensible" strike activities such as keeping managers out of buildings.'
"In one deplorable incident, a foul-mouthed IBEW member in New Jersey put his young daughter in front of a Verizon truck turning into a driveway as he berated the driver using expletives." So London has been here awhile, in the form of union thuggery. Remember during the 2008-2009 financial crisis protests and all the AIG bonuses, Wall Street bonuses. All of the ACORN types and unions thugs were going in the front yards of AIG executives to protest over bonuses and so forth. I have been thinking about something here. When I was explaining in our last busy broadcast hour, the reason for the London riots -- the whole concept that we have, according to Max Hastings in the UK Daily Mail referring to the protesters there as "feral humans." They're just barely on the human side of animal.
I was trying to explain it to people: Look, there are a bunch of people have not been educated. They've been propagandized, indoctrinated, and they think that there's a certain amount of "stuff." You and I call it national wealth. But they look at it as a certain amount of stuff out there and that everybody gets their portion, whether they do anything for it or not. They've been raised: "That's economic justice," and when they don't get their stuff, do they think they're being cheated? They see a business owner or corporate jet owner, somebody has stuff, and, "Wait a minute! Wait a minute! How come they got their stuff and I don't?" because they don't understand the concept of work; and they think the people that have jobs also are being treated unfairly.
It's not fair that they have all that stuff plus a job, and these people don't have anything. It's hard to understand if you will not admit what socialism and liberalism are all about. But what underlies it all at these protests these leftist rallies is a tribal philosophical belief that what's yours is mine. That's what they think. And not because they work for it. Whatever you have that they don't have, is theirs. When you see these fires in London, what are you actually seeing? You are seeing private property burn. When you see protests in Israel, you are watching mobs demanding that more private property be turned over to the government so that the government can redistribute what was your property so that your property can become theirs.
Why? Because liberalism's quiet message is that whatever is theirs is really yours. That's what people are taught. Those who have more than you do are greedy. They cheated; they've stolen it from you. They've been taught that there is an immorality to the fruits of your labor. Somehow it's not fair, it's not right. So when we see protests and rioting in Greece, Spain, Portugal, London, we're witnessing mobs demanding something for nothing -- and the "something" they want is private property. Because of this tribal philosophical belief that what's yours is theirs, and personifying it -- if I'm them: what you have is mine -- then I don't have to work for it. Everybody is supposed to have everything equally. That's what they've been told.
So these screaming, guttural demands on taxable income -- the threatening demands for higher taxes on stocks and homes and businesses -- the outright looting of homes and businesses is aban all-out assault on private property, and liberalism has promoted the idea that what is yours is really theirs. All money is Washington's! What you end up with is what they graciously decide you're gonna get to have. That's liberalism. Everything is theirs, and you are assigned what you get -- and we in this country have a president who uses private property has props to sell his plan to confiscate even more private property. There's nothing sinister about private jets, but they have become the symbol for the reason to raise taxes, and they get angry and have riots (and make no mistake: Higher taxes are a government approved confiscation of private property. Money is private property). I'm not sure people understand this. Regular listeners of the program do because I've talked about it enough. But the importance of private property to our way of life, to freedom, to our Founding Fathers was important as the freedom of speech and other things.