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Who Do You Believe: Reid or Wynn?

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RUSH: Heritage Foundation today, the Morning Bell blog: "Why Would Obama Veto Job Creation? -- Today, the U.S. House of Representatives is set to vote on a bill that would, among other things, open the door for the creation of thousands of new jobs, prevent a tax hike on American workers, and help reduce the crippling deficit. However, President Barack Obama has promised that he would bring the legislation to a halt with a veto -- all because of his opposition to the single measure in the bill that would create jobs." And this of course is the Keystone pipeline.

"What's so offensive that would cause the President to level a veto threat? A provision in H.R. 3630, the 'Middle Class Tax Relief and Job Creation Act of 2011,' that would provide for the approval of the Keystone XL pipeline project that would bring oil from Canada. Heritage's Nicolas Loris explains that it would mean 'access to easy imports from our northern neighbor, the creation of thousands of jobs, and the generation of revenue for the states where the pipeline passes. Montana, South Dakota, Kansas, Oklahoma, Nebraska, and Texas are collectively projected to collect $5.2 billion in property tax revenue as a result of building the pipeline.' The Keystone XL measure is just one piece of the bill introduced by Representative Dave Camp (R-MI), along with several cosponsors.original

"It includes some positive measures that could bring comfort to the millions of Americans who are struggling under the Obama economy and are looking for hope this holiday season. Camp said of the bill, 'With its passage, Americans can be confident that these programs and provisions will be available next year, that they will not result in decades of debt and that they will be paid for with fiscally responsible reforms, not job-killing tax hikes.'" Obama's vetoing it. Notice Obama is threatening to veto a bill that would both lower taxes and create jobs. Aren't those two of the things that he claims to want, that he claims to be focused like a laser on? Cutting taxes and creating jobs, and he's going to veto it.

I know why. Very simple why. There are two reasons. I don't know which one is more of a priority with him than the other. It's a toss-up. One, he does not want an improved economy. He does not want tax cuts. He wants tax increases. He does not want new jobs unless they're union jobs or government jobs. He doesn't want that. Secondly, by holding out the possibility for as long as he can that he will or maybe not "okay" the pipeline he gets campaign contributions from both interests. Right now the environmentalist wackos are donating heavily to try to influence him to not approve the pipeline.

On the other side of it, Big Oil and other energy companies are also donating to Obama and the Democrats, hoping to influence a decision to legalize the pipeline. By making a decision, he cuts off half of his campaign contribution flow, half that revenue stream. (interruption) Damn straight I'm being serious! It's not cynical at all. It's exactly who the guy is. The Heritage guys are asking here, "Why would Obama veto job creation?" The only part of the bill that would significantly create jobs is the only part he's threatening to veto. The president of the United States is running for reelection by vetoing lower taxes and more jobs. It's just that simple. Now, here's Dingy Harry yesterday afternoon in Washington. He was on the Senate floor talking about the payroll tax.

Now, the payroll tax... Dingy Harry is holding the budget and Congress hostage over the payroll tax cut extension, which is also part of this. According to the National Journal -- this is what they say -- "Reid, in conjunction with Obama, is insisting that he will not permit a final vote on the spending package containing nine annual spending bills that were due on October 1st until the payroll tax cut and the unemployment insurance are extended, both set to expire at the end of the year." So it sounds to me like Dingy Harry is threatening to shut down the government if he doesn't get his way on the payroll tax cut -- and just to be clear, just so you know, the payroll tax cut has nothing to do with saving the middle class any money.

All that is is the Democrats latest attempt to raise taxes on the rich, because the way they're gonna pay for the payroll tax cut is with a tax on the rich. That's why they won't accept any other plans. That's what they want is a tax increase on the rich. They're out there trumpeting this fact that they want a big payroll tax cut extension. It's the only funding mechanism for Social Security, by the way. But the real reason they're so excited, they're orgasmic about it, is because it gives them a tax increase on the rich. "Reid may tie the fate of a separate, massive $900,000 billion plus spending plan to finance most government operations in 2012 to the successful passage of the extender bill. That, even though the House Republicans say a handshake deal with congressional Democrats was secured." So here is Dingy Harry along the same lines on the House floor yesterday.

REID: They call our plan time after time "a tax on job creators," and I say "so-called job creators." Because I say that, Mr. President, every shred of evidence contradicts this red herring. Millionaire job creators are like unicorns: They're impossible to find, and don't -- don't exist. That's because only a tiny fraction of people making more than a million dollars, probably less 1%, are actually small business owners; and only a tiny fraction of that tiny fraction is a traditional job creator.

RUSH: Well, how fascinating. There aren't any millionaire job creators. Small business owners create jobs; they're non-millionaires. They don't pay taxes, and they don't create jobs. It's a red herring. They're like unicorns, there aren't any job creators out there. Which reminded me of Steve Wynn. Steve Wynn back on April 19th was on Cavuto's Fox Business Network show, and they had a discussion about the effect of Obama policies on the average worker, and Neil Cavuto said to Steve Wynn, "Is it the fiscal policy of the government? I mean, this freeze in financial activity prior to the pickup in the last years predates this administration? So a lot of, folks, are saying, "You know, it's sort of like a devil- may-care times of corporate America -- partying, having their annual meetings and the like -- that's just cooled period. You don't buy any of this?"

WYNN: You guys on television use the term "disingenuous" when the president or someone talks about, says something that's not true. That's a fancy word for lying. The president said, "Millionaires and billionaires should pay their fair share." That completely ignores the truth, and the truth is that in this country the vast majority of small and medium size businesses pay taxes for their business as individuals and chapter S corporations, partnerships, and individual proprietorships. If you want to lie, if you want to misrepresent, you'll call them "millionaires and billionaires;" but it's the job engine of America; and those are our customers because they work hard and they come and they have disposable income -- and they're the people that are creating all the jobs in America.

RUSH: Now, who do you believe here, Steve Wynn or Dingy Harry? So Dingy Harry says, "There are any job creators! There are no millionaire job creators!" Steve Wynn says hell's bells! America depends on 'em. Earlier this year, actually after April, this is October of this year, just a couple of months ago, Wynn was back with Cavuto, and Cavuto said, "So is Obamacare the biggest factor for you Steve as far as making decisions downed road and helping out business to expand? You wouldn't do it or he couldn't do it because he didn't see the light here?"

WYNN: I can't see the light. I'm frightened to death about the future of business. My friend Harry Reid hung up on me the other day for the first time in 40 years. That's what it's come to. I supported a Democrat congresswoman named Shelley Berkley. I called her during Obamacare. I said, "Shelley, what are you doing? How do you do this? This is killing the unions and all of us who are supplying health care to our employees," and she said to me quote -- quote; now, this is not hearsay. Shelley said to me -- and she's running for the Senate, "Steve, I know it's terrible. My husband's a doctor. He hates it, too. But if I don't vote for it, she will punish me." "She" being Nancy Pelosi. If any businessman or any working person doesn't understand that this is a turning point in American history, then I'm afraid we're gonna get what we deserve.

RUSH: Well, most people do. The latest Rasmussen's out: 55-35, the American people support repeal of Obamacare. That's Steve Wynn, twice with Cavuto, countering and making sense of some of the gibberish coming out of the mouth of Harry Reid.

END TRANSCRIPT

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