RUSH: You know, I showed up here feeling quite sad today — yeah, I did — over the death of Steve Jobs. And then to have to sit here for the last hour and watch this excuse for a press conference, made this a very tough day. We’re looking at incompetence on parade here. 
Hi, folks, Rush Limbaugh, the EIB Network, and the Limbaugh Institute, Advanced Conservative Studies. Telephone number is 800-282-2882 if you want to be on the program.
If you have ABC Radio News, if your EIB affiliate carries ABC Radio News and you’ve been listening to it mere moments ago, they’ve been playing sound bites from Obama’s press conference as if they’re being fed those sound bites, and saying, “an angry sounding Obama.” And he has sounded angry a couple times. I’m thinking, “What in the world does he have to be angry about? He’s the one causing all this. He’s the one screwing everybody. He’s the one happily managing the decline of the United States of America.” And these fits of rage are prompted by questions that he considers to be beneath him, he doesn’t think he should be asked. And this whole thing is a campaign appearance.
There’s no news in this press conference. There hasn’t been one shred of news here. And the reporters asking questions, with the exception of two or three of them, are just scared as they can be. State-Controlled Media on parade. Obama’s pushing hard to change the facts, position himself as a man who wants to create jobs with a phony jobs bill. It’s just a massive tax increase bill. It isn’t gonna happen. He’s not gonna get away with this lie. It has been one solid lie after another. We’ve got sound bites of it. I guess we’ll play some of them as the program unfolds today. I just marvel here at what I really think is profound incompetence, coupled with everything else that he is.
I know he’s got a chip on his shoulder about the country, and I know that he thinks we need to be taken down a peg or two, all of our imperialistic ways in the past, the way we’ve stolen resources from everybody else in the world, that’s how he we got our greatness, we gotta pay the price now, we gotta find out what the rest of the world lives like, all that sort of stuff, but to listen to him try to explain economics is an embarrassment. To listen to him explain how this jobs bill is gonna magically put everybody back to work and build roads and bridges and schools? And not one reporter said, “Well, what about the first stimulus that was almost a trillion dollars? What happened to all the road building and school building and bridge building in that stimulus?”
There wasn’t any of it. And here comes the usual line about cops and firemen and teachers being laid-off and this is gonna put ’em back to work. Yeah, for a year. This bill gives the states money to hire those workers for a year, and then what do they do? Just like Clinton’s hundred thousand cops. Yeah, for a year. You commit with federal money to hire cops and so forth and then after a year or two the money runs out and then what do you do? So, anyway, we’ll get into this in more detail. It’s still going on. This thing is going on now an hour and ten minutes long, and we had a room full of journalists in there supposedly in a news conference and not one random act of journalism occurred. I mean F. Chuck Todd said, “Mr. President, in past occasions you’ve urged people to call Congress, and you’ve melted the phone lines, and it isn’t happening anymore. Have you lost the ability to persuade people?”
Bill Plante said, (paraphrasing) “You’re out there waving the bill around and it almost sounds like it’s a campaign rather than actual negotiation, you’re doing a Harry Truman, do-nothing Congress. Is that what you’re doing, Mr. President?” Obama got really ticked off at that, said, (imitating) “I couldn’t run against a do-nothing Congress, right? If they just do something, they won’t do anything.” And I’ll tell you something else, he did get a question, Jackie Calmes at the New York Times asked him about this Occupy Wall Street bunch, and we’ve learned a lot more about that group, too, about which we will share with you as the program unfolds today. Jackie Calmes of the New York Times asked him, “Are you aware of this? Are you watching any of it?” And he expressed his solidarity, ’cause those are his foot soldiers.
This thing just didn’t bubble up out of nothing. We now find out George Soros money is behind this, and there’s no doubt in my mind that the White House is behind this. I wish I could tell you who, but a very prominent person asked me to never mention his name in this regard, but for months he has been telling me, “You watch, Rush, do not doubt me,” he said to me, “Obama is setting up riots. He is fanning the flames for riots and eventual violence. That’s all he’s got.” And now you look, all of this talk about millionaires and billionaires and people not paying their fair share and this relentless assault on achievement in this country has resulted in what? The appearance of a spontaneous combustion of angry white college students who are fed up with all the injustices that this country is famous for. That’s his base.
Occupy Wall Street is his base. Those are his foot soldiers. The anarchists, the union thugs who are occupying Wall Street, Obama is now going to run for reelection against Wall Street, and all of these schlubs in this protest march don’t understand that Wall Street and Obama are inseparable.
New York legislators are getting death threats now if they don’t tax the millionaires, and my very prescient friend wanted me to say this on the air, wanted me to warn people. “I’m not gonna say that. I’m not gonna predict the president of the United States wants riots,” but he was a very, very, very prominent individual; and we’re on the verge of it here. You get this many people together and you whip ’em into this kind of a frenzy over things they don’t even really know about? They’ve got a bunch of energy, and it’s gonna have to have an outlet somewhere. But all these people down there occupying Wall Street, this is his base — and he admitted it! He expressed his solidarity, ’cause those are his campaign foot soldiers down there. He can’t turn his back on them this close to the elections.
You’d think that he’d be embarrassed to embrace them publicly like this. He said, “Well, those people, they’re simply expressing the frustrations of the American people,” as though the frustrations felt by you and me and everybody else have nothing to do with what’s gone on in the last two-and-a-half years. He keeps saying (impression), “The American people have been frustrated a long time, ten years! American people have been mad about this economy for a long time. We need to do something now. We need to pass that jobs bill!” Who in the world thinks, even if…? Let’s just play a game here. This bill of his is $450 billion of tax increases. He’s out there talking about small business tax cuts and middle-income class tax cuts. There aren’t any tax cuts in this bill! It’s a tax increase bill, but let’s just pretend for a second that this was $450 billion of just spending, stimulus spending.
Somebody explain to me how spending $450 billion is gonna get every bridge repaired, every school repaired, every road repaired, and everybody who doesn’t have a job, a job. How does that happen? This is what’s on parade today. This is utter foolishness, this is utter incompetence, trying to sell the notion that this bill of $450 billion is a magic elixir. If $450 billion would turn this economy around — which I thought it already had! We have been “back from the brink” for how many years now, according to Obama? If $450 billion is gonna turn this economy around, then why didn’t the first $787 billion and then the next $50 billion that was added to it and then the third $26 billion on top of that and all of the other spending that has occurred in this administration — not just the stimulus spending — created this magic?
Right, because we had a typhoon in Japan, and we had the Arab spring. Oh! Oh! You remind me. I got a story here in the stack: One of these idiots down there at Occupy Wall Street claims that they were inspired by the Arab spring and that that’s why they are marching. H.R. dug that one out in some obscure weekly publication in the Bowery. So, anyway, folks, I just sit here and I don’t quite know how to verbalize the emotions I’m feeling over this because they run the gamut of anger, shock, dismay, suspension — willing suspension — of disbelief, all of it. It’s just the Twilight Zone, alternate universe.
BREAK TRANSCRIPT
RUSH: No, no. I don’t think it’s gonna help him at all. He’s digging a deeper hole for himself with these kinds of things. Look, even the left, folks — even people on the left — are fully aware and they have buyer’s remorse. They know it. You have people like Tina Brown. You may say, “Tina Brown? Who’s Tina Brown?” Tina Brown, as far as the left is concerned, is an oracle. She may be an absolute dunce. She can put magazines together, but she’s an oracle to these people. She said, “Yes, it turns out he wasn’t ready. It turns out he wasn’t ready.” They know. They know and they’re embarrassed watching this garbage. Don’t doubt me.