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EIB WEB PAGE DISGRONIFIER

Three Devastating Charts Dispute Biden's Claim that Economy is Coming Back

BEGIN TRANSCRIPT

RUSH: Donna in Frederick, Maryland, thank you for calling.  Great to have you here on the EIB Network.  Hi.

CALLER:  Hi, Rush.  It's a privilege.  Congrats on your award this week, and I have to humor you.  When I tuned in earlier, I actually thought I was hearing Bill Clinton's voice.  You've perfected it quite a bit there, Rush.

RUSH:  I appreciate that.  Thank you very much.

CALLER:  But the reason why I'm calling is there's been a lot in the media lately where they're concerned about what's going to happen with Joe the burden -- I mean Joe Biden, our vice president, as far as the upcoming elections. So I was curious about your take on the possible shake down, so to speak.

RUSH:  Tell you what.  Since you called, I've got a couple Biden sound bites that just rolled in here.  I want to play those sound bites and then I'll tell you some of the things I think could happen in terms of a rabbit being pulled out of a hat.  Here is Biden.  He's in Youngstown, Ohio, this afternoon at a campaign event.

BIDEN:  Things really are starting to come back.  There are signs of life and hope in the Heartland.  Jobs are starting to come back.  And the ones that are coming back are the kind of jobs you can build a middle class family on.  They're manufacturing jobs, decent paying jobs so you can live in a safe neighborhood, own your home, not rent your home.  If the kid wants to, be able to send your kid to college, or send 'em to trade school.

RUSH:  All right.  He might be talking about Wisconsin.  Now, he's in Youngstown, Ohio, but he might be talking about Wisconsin, where, you know what?  Jobs are being created.  Jobs are being created in Wisconsin because of Governor Scott Walker, because of some of the policies at the state level.  But overall, this is bunk.  I have a lot of charts.  Jim Pethokoukis, our buddy at American Enterprise Institute, heard that Biden said this, and he's a think tank guy, so he went to his tank and he started thinking.  And he produced a bunch of charts... And to try to describe a chart is impossible, but the charts simply confirm everything you know. 

Jobs are not coming back.  Everything he said in this bite is nothing more than a dream.  It's smoke and mirrors.  But he's out there screaming on the campaign trail, "Republicans don't get us. Jobs are coming back! Middle class, gonna be able to send your kid to college."  Everybody  knows this is bunk.  They're desperate.  Biden's being sent out there, and he's on his own. They're simply trying to create an alternative universe where they want you to think everything for everybody else is happening and you're next. It's going great guns. It may not be happening for you, but where are we today in Youngstown, Ohio, boy, it's really coming back. Things are hot to trot. It's gonna get better. You're going to be able to get a manufacturing job, support your family of four, send your kid to college. It's happening. It's happening.  And you're supposed to sit there and say, "Wow, cool, all right. Finally." You don't see any evidence of it, but he's the vice president, he's saying it.  So the game is you're supposed to believe it and think it's happening for others and may be right around the corner for you.  One more sound bite from Biden.

BIDEN:  I resent when they talk about families like mine that I grew up in. I resent the fact that they think we're talking about envy, it's job envy, it's wealth envy, that we don't dream.  My mother believed and my father believed that if I wanted to be president of the United States, I could be, I could vice president.  My mother and father believed that if my brother or sister wanted to be a millionaire, they could be a millionaire.  My mother and father dreamed as much as any rich guy dreams.  They don't get us.  They don't get who we are.

RUSH:  Well, then why is your administration so against millionaires?  Why is your administration trying to target and punish them?  Why is your administration blaming them for everything that's gone wrong, Mr. Vice President?  Why is your administration single-handedly doing everything they can to discourage people from becoming millionaires, because they're bad people?  You guys don't inspire people to be the best they can be.  Mr. Vice President, with all respect, sir, your party tells people how impossible it is for them in this country because the deck is stacked against them.  There's either discrimination or there's racism or there's sexism or there's bigotry, or the rich are taking all the money, or Bush spent all the money or whatever.  The last thing you do in the Democrat Party is inspire people.  And you do try to kill people's dreams. 

You're trying to convince people the only route they've got to any kind of happiness is through government.  A government program for that, for this.  This is just ridiculous.  But now what could they do?  What rabbit could they pull out?  Well, a couple of them, as I've mentioned, Obama sometime this summer, October, could decide to forgive all student loans in an effort to get the youth vote.  He can do that. He could propose it.  It doesn't have to happen.  He can say he wants it, just like he said he hopes one day that same-sex people can get married.  People open up their checkbooks to him.  He didn't make one bit of difference in the whole issue, but he said something.  He could say he wants to forgive people's mortgages, come up with a program that pays everybody's mortgages who is underwater.  He's president.  He can do these things. He can propose them, even if they don't happen immediately.  He can try to convince people that that's what he's gonna do if he's reelected.  That that's what he's gonna do now. 

Romney can't say anything like that.  The question, if it continues this way for Obama, and if they keep floundering, a proposal like that, my thinking is, would not have broad based appeal because it would be such a reach.  It would be so obvious what it is.  They could replace Biden on the ticket with somebody.  Could invade Iran.  Could tell the Israelis to stand aside.  There's any number of things in the incumbent playbook that you can do at the last moment.  Could come up with some dastardly deed that Romney's been involved in, but they'll probably have exposed all those by that time.

BREAK TRANSCRIPT

RUSH:  I just sent the charts I talked about from our buddy Jim Pethokoukis at the think tank, American Enterprise Institute, I sent 'em up to Koko and will put 'em on RushLimbaugh.com.  They're really devastating charts.  It's a great way to see the real economic decline and the fact that Biden is simply dreaming when he's talking about things coming back and recovering, and pay special attention to the labor force chart.  The labor force participation rate, pay special attention to the decline.  That chart is devastating, to show you the number of people no longer in the workforce in this country.  So we've sent it up to Koko and he'll get it up there as quickly as we can update the site.

END TRANSCRIPT

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