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Obama Didn't Understand How Bad the Economy Was? He Kept Telling Us It Was the Worst Since the Great Depression!

BEGIN TRANSCRIPT

RUSH: Obama is making me look as prescient as I have ever been.  We even found an example before Obama was inaugurated, in which I predicted that what he would say eventually as president, is he had no idea how bad this economy was.  It was so much worse than anybody ever told him.  "The Bush administration, the transition team, outgoing, never told us how bad this economy really was.  And that's why it's taken my policies so long, or that's why it's going to require such drastic measures."  Obama -- we've got the audio coming up on this at some point -- is out there saying, "I didn't understand how bad things were." 

After going through how many trillions of dollars of debt, after going through how many stimulus bills, after lying to the American people about shovel-ready jobs, creating make-work jobs, building roads and bridges and schools, Barack Obama now says, "I didn't understand how bad things were."  And that's not even true.  Barack Obama, September 2008, during a presidential debate in Oxford, Mississippi:  "We are going through the worst financial crisis since the Great Depression."  That was candidate Obama in September 2008.  In October of 2008, Barack Obama:  "We meet here at a time of great uncertainty.  Our economy is in crisis."  November of 2008, announcing members of his economic team:  "In Chicago we are facing an economic crisis of historic proportions." 

He is lying today when he says he didn't understand how bad things were.  He's the guy who's been telling us how bad things were.  He's the guy who's been saying that our economy was the worst since the Great Depression.  He said it before he was inaugurated, while he was a candidate, he said it in his inaugural address, and he has said it repeatedly as he's told us for the past three years the number of times that we've turned the corner and that we're on the way back.  How many times have we turned the corner on this bad economy and been on the way back in the past three years?  How many times has he told us how bad it was?  How many times has he told us he didn't know how bad it was, it was even worse than he knew?  All this is a giant lie, and it was predicted by your host, El Rushbo. 

What we're going to do, we're gonna go back and we're gonna find audio sound bite examples of Obama telling us how bad it was, and we are going to play that sound bite of him saying recently, "I didn't understand how bad things were."  He said it in an interview with the local Fox affiliate in Atlanta, WAGA-TV.  This is on Real Clear Politics.  He was lobbed a question by a sympathetic reporter who said he's getting pelted in the media for making a campaign promise he didn't keep.  It's about reviving the economy, about employment being under 8%, all those promises.  Obama said, "Well, we're not there yet, because this recession turned out to be a lot deeper than any of us realized."  That was his excuse for his inability to cut the deficit in half.  "I didn't understand how bad things were." 

He is the one who has been telling us how bad things are, as an excuse for his stupid, failed policies not working.  I think we even did a montage of this back on December 14th. I think we did a montage of Obama's "I had no idea."  Every time he's tried to make this statement, "I didn't understand how bad things were," we have refuted it, we've had the audio to refute it, we have gone back and played sound bites of Obama saying he had no idea how bad it was and then sound bites of Obama telling us it was the worst economy since the Great Depression.

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RUSH: Let's go to the audio sound bites. January 16th, 2009, right here on this program. January 16th is roughly a week before Obama was immaculated.

RUSH: (January 16, 2009) After The One accepts the oath was office we'll start hearing, "It's worse than we knew. We didn't know how bad it really was."

RUSH: January 16th, 2009. Over three years ago I predicted this. Now, let's go back and review just some of the many, many times I predicted that this is exactly what he would do.

RUSH: (January 16, 2009) After the One accepts the oath of office, we'll start hearing. It's worse than we knew We didn't know how had been it really was.

RUSH: (May 11, 2011) If there's a bumper sticker that could sum up the campaign: ‘It's taking a lot longer than we thought.’

RUSH: (January 29, 2010) "Oh, it's much worse than we were told! Bush didn't tell us how bad it was. We had no idea it was going to be this bad."

RUSH: (May 12, 2011) "Frankly, it took longer than we thought for our policies to start to have any impact because it was so much worse than we even knew."

RUSH: (January 9, 2009) You've gotta understand how the media is going to portray this, that it was much worse than we knew because of Bush.

RUSH: (June 14, 2011) What their campaign is going to be, and I told you this, when they got into Washington they discovered it was far worse than they even knew.

RUSH: (June 8, 2009) "We have this recession -- that, frankly, was worse than we thought -- that was given to us."

RUSH: (October 28, 2011) I'm gonna tell you what it's gonna be: "See? It was worse than we knew when Obama was inaugurated!"

RUSH: (December 1, 2011) It's exactly what I told you they were gonna do: "You can't change horses midstream."

RUSH: Yep. So just to document all the times and more that I have predicted what they would do. Last night in Atlanta, Fox 5 News, the infobabe said, "You're getting pelted in the media. They're showing this video over and over again of you in February of '09 saying by the end of your first term you were gonna reduce the deficit by half. We're not there. We're not there.

OBAMA: Well, uh, we're not there because, uh, this recession turned out to be a lot deeper than any of us realized. Everybody who was out there back in 2009, uh, if you look back at what their estimates were in terms of how many jobs had been lost, how bad the economy had contracted when I took office, everybody underestimated it. We lost, uh, eight million jobs just in the year span about half, uh, uh, uh, a year before I took office and half a year after I took office. So the dye had been cast but a lot of us didn't understand, at that point, how bad it was gonna get.

RUSH: Right. Well, okay. Let's go back to October 7, 2008, in Nashville, a presidential debate. Senator Barack Obama.

OBAMA: (October 7, 2008) I think everybody knows now we are in the worst financial crisis since the Great Depression. And a lot of you I think are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college.

RUSH: So which is it, Mr. President? You didn't know how bad it was, or do we accept what you said October 7, 2008: Everybody knows we're in the worst financial crisis since the Great Depression. That's pretty bad. How can you now tell us that you didn't know how bad it was? I know these people, folks. I know these people better than they know themselves. I know what they're going to say and know what they're gonna do before they even do it.

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RUSH: Now, ladies and gentlemen, I want to go back to another subject that we discussed earlier in the program, and that is Obama saying, "I didn't understand how bad things were." Last night in Atlanta: "I didn't know how bad things were." Now, you heard the sound bites from me from prior to his immaculation predicting that he would say that. You also heard sound bites from Obama admitting that he knew how bad it was. Even before he was inaugurated, he was saying, "This economy is the worst since the Great Depression." That's bad. That's as bad as you can get. And he's made no secret of the fact, in these past three years, that this economy is bad.

Now he's saying he didn't understand how bad things were.

My question is this: "Are we ever going to hear that anything is Obama's fault? Ever?" After three years, this isn't Bush's budget, this isn't Bush's plan, this is not Bush's philosophy. We've had three years of Obamaism. We have a three-year record. We have over $5 trillion in new debt added by one man: Him. Bush?
Nothing to do with it. Republican Congress? Nothing to do with it. Barack Obama, Peaky Reid, Nancy Pelosi, the Democrat Party, they did this. It is all on them. It's three years in, and the media is still letting Obama get away with this. When he says, "I didn't understand how bad things were," that translates to: "It's not my fault! This is all Bush's fault. This is my predator's fault. This is what I inherited."

It is not what he inherited. He has doubled down and he has worsened by a factor of five what he inherited. If that weren't bad enough, where are the Republicans reacting to this in the right way? Why does everybody seem...? On our side, why does everybody seem like they are conceding the point that he inherited a mess from Bush? Why is everybody on our side seemingly conceding that? This mess is directly traceable to Obama. He is accountable. His policies, the enactment of his policies. All the spending, all the debt, back home, all the new regulations, all the taxes, all the shackles on business, all the drilling moratoriums, the Keystone pipeline. Every policy designed to stop and prevent economic growth is his and his alone.

Every problem we are having in housing is directly traceable to Barack Obama. He owns it! As a Senator, as a community organizer, the only thing Obama didn't like about Bush's big spending policies is that the spending was never enough. He never got mad at Bush because he spent a lot; it was because it wasn't enough! They got mad at FDR not because he spent too much, but because he didn't spend enough. They're trying to make up for that now. They're making up, Obama is making up for that fact. Look at gasoline. Obama takes office, gasoline is $1.61. We are heading to $4- or $5-dollar-a-gallon gasoline, and he wants us to believe that's George W. Bush's fault. He wants you to believe and the media want us to believe that that is what he inherited.

Where...? Where are the Republicans standing up and saying, "No, sir! You don't get to do this. You don't get to blame the Republican Party, essentially, for this mess." Barack Obama is attempting to occupy a position that essentially is, "I haven't been president for three years. I'm running for office for the first time here. And we got these problems out there, and I need to address 'em. It's worse than anybody ever told us!" When does he get blamed? When is anything -- just one thing! -- his fault? Name for me any other president three years after a disaster like this who would not be blamed at least for some of it. You can't. This is unprecedented. There never has been a president like this. (interruption) Well, maybe JFK, but that's arguable. But the fact remains that this is all tied to Barack Obama. Every aspect of this nation's present circumstance and disaster is owned, fully and solely, by Barack Obama and the Democrat Party.

BREAK TRANSCRIPT

RUSH: The United States had a AAA credit rating when Obama was immaculated, a $1.61 a gallon gasoline price, a 7.2% unemployment rate, a deficit four times smaller than it is today -- and Obama as a Senator voted for every spending increase put before him. Every one! Everything he "inherited," he voted for. 

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