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CNN: Obama Tax Hike Could Slow Economic Growth by 1%
RUSH: This unbelievable. CNN is reporting that President Obama's proposal to raise taxes on the highest-earning Americans could take a 1% bite out of economic growth. Obama's tax increase on the rich could slow economic growth by one percentage point. Now, you may not think that's a big deal. But with economic growth barely at 1%, Obama's tax increase could bring economic growth to a standstill. Zero growth!

How does that help the middle class?

How does that help the poor?

When the economy isn't growing, how is anybody helped?

Raising taxes on the rich slows down the economy by 1%. It's amazing that there are people who think it's a good idea. 'Cause it's all about getting even with people! It's all about being fair and getting even with people. It's about making sure some people suffer as long as everybody else is.

MSNBC Guest: Romney Racist for Using Term "Kitchen Cabinet" at NAALCP
RUSH: The Daily Caller is reporting something. I didn't see this because, as you know, I don't watch MSNBC. And I've imposed a ban on MSNBC sound bites. And aside from today, my life has been much better as a result of that. The political term "kitchen cabinet." Do you know the origins of this term? Do you know the origin of the kitchen cabinet? It got started in the early 1800s and it was used to describe the informal advisers around President Andrew Jackson.

Now, according to a guest on MSNBC who was on Lawrence O'Donnell's show on Wednesday, the term "kitchen cabinet" is now racist.

Mark Thompson, who hosts some Sirius radio program, told Lawrence O'Donnell that Mitt Romney should not have used the term "kitchen cabinet" at the NAALCP convention. He says, "'This might have been a small thing, but it’s important for people to understand,' Thompson said. 'You cannot be culturally ignorant. He singled out one African-American who came with the 20 in his entourage as an African-American that was in his kitchen cabinet in Massachusetts, and he promised that he would remain in his kitchen cabinet if he was in the White House.'"

According to this guy, mentioning "African-Americans" and "kitchens" in the same sentence is a bad idea. This guy said, "To talk about being in the kitchen and not talk about an African-American actually being in your cabinet is really not a good metaphor to use with African-Americans." You say, you got a black guy in your kitchen cabinet, but he's not in your real cabinet? Then he's a Stepin Fetchit, and it's racist.

I kid you not. That was advanced as a theory on PMSNBC on Wednesday night. Romney made a tactical error. He doesn't understand black culture. If you got one guy in your kitchen cabinet but he's not in your real cabinet, and you go to the NAALCP and say, "This guy's gonna be in my kitchen cabinet and he's gonna stay in my kitchen cabinet," then he's nothing more than a slave.

I don't know that the guy's black. His name's Mark Thompson. I never heard of him. I don't know if he's black or not. I didn't see it. Anyway, after this guy said this, then Lawrence O'Donnell parroted a line from Al Sharpton, who said that Romney wanted to be booed at the NAALCP. But O'Donnell said Romney wanted to be booed to appeal to "certain racist precincts." So he was building off the comment of Pelosi. And all of this is happening during the presidency of the first black president.

How many people voted for Obama thinking that it would end racism, that it would end all these arguments, that finally we'd be done with this? And all it's done -- and I predicted it. And I don't mind doing a nah-nah-nah-nah-nah-nah, "See, I told you so." I warned you it was gonna get even worse. "Because," I said, "any disagreement whatsoever with Obama, no matter how outrageous the idea, is gonna be chalked up to racism." And it's getting absurd now. Remember that Manning babe, whatever her name was?

I kept this aside 'cause I knew I was gonna have to use it. What is her name? Charlette Stoker Manning, chairwoman of Women in NAALCP. She said about Romney, "You can't come here and talk about jobs for black people at the level he's coming from. He's talking about entrepreneurship, savings accounts -- black people can barely find a way to get back and forth from work. They don't know savings accounts and entrepreneurship."

Doesn't Romney know that?

Now we got this guy on MSNBC last night saying it's racist to say that you got a black guy in your "kitchen cabinet." I don't think this guy has the slightest idea what a kitchen cabinet is! It sounds like he actually thinks it's a bunch of household staff. I'll tell you, we're surrounded by lunatics, people that should be in insane asylums, and just genuinely stupid people. We are surrounded by them and we're being governed by 'em.

Obama: "If You Try Something and It Doesn't Work, Why Would You Try It Again?" 

RUSH:  So Obama's out there campaigning again.  That's all he does anymore.  No, that's not all he does anymore.  When he's not campaigning, he's rewriting legislation, gutting welfare reform, as he did yesterday.  Anyway, he's at some community college in Virginia.  He just said, "If you try something and it doesn't work, why would you try it again?"  He's talking about Bush, of course.  But stop and think about that.  If you try something and it doesn't work, why would you try it again?  Like you mean you, sir?  Like your entire stupid agenda, sir.

If you try something and it doesn't work, why would you try it again?  Oh, you mean like the Great Society, like trying to redo FDR, like welfare, like health care.  All this stuff that never worked in the world before, you're trying it again, sir. You're the definition of insane and we're the ones in the freaking asylum. 

If I'm the Romney campaign, I'd go get that line and I'd turn it into an ad.  "If you try something and it doesn't work, why would you try it again?"  I'd get a picture a Alfred E. Neuman Obama and put it around that line: "If you try something and it doesn't work, why would you try it again?"  Now, he began his campaign speech in Virginia by talking about the negativity and the cynicism in campaign ads.  He said that based on campaign ads people might start thinking politics doesn't get what's going on in their lives.  Really?  No.  We get that in the media every day, Mr. President.  It's clear that the establishment in this country has no clue what's going on in this country.  They have no idea.  All you do is live amongst a bunch of statistics and figures and numbers, but they attach to real people. 

The unemployment number means real people, real lives, real jobs don't exist anymore.  He said that people might think there's a disconnect between the ads and what's important to 'em.  The ads?  How about a disconnect between you and your entire presidency in this country?  There's no bigger disconnect that people have faced than yours.  This is all coming from a guy who's running an ad campaign lying about when Mitt Romney left Bain Capital.  The first term of Obama didn't work, why in the hell would we want another term?  Four-hundred thousand real-life people went on unemployment last week.  That's almost half a million people, 400,000.  A real-life increase of 70,000 new claims from the week before. 

Now, we got a breathless story from AP, 'cause they thought it made Obama look good, that unemployment compensation claims plunged because of some mythical seasonal adjustment involving the automobile companies not laying people off like they normally do in the summertime.  Forbes magazine: "Why You Should Plan on Working to Age 70 -- Push off retiring until age 70 and your financial world is going to be much brighter. The Center for Retirement Research at Boston College reports in a new study ... that a whopping 85% of households would be prepared to retire by age 70."  I should caution and tell you that these figures are based on Social Security as it is today. 

Now, the author of this piece is Kerry Hannon.  Kerry Hannon says, "I want to believe this. And I also believe that most of us will want to keep working even beyond that in our so-called retirement years part-time, or in some fashion, for plenty of good reasons. ... 'While this finding suggests that today’s workers will need to work longer than their parents, they are also healthier and better educated, generally have less physically demanding jobs, and can expect to live longer. In short, working longer is feasible for most households, and it does not mean working forever.'"

Well, here you go.  The new norms.  What retirement?  And I'm not pushing retirement, don't misunderstand.  I'm just saying a lot of people made plans, oriented their lives around such plans, and they're all out the window.  Why wait 'til 70?  Why should anybody keep working anyway?  You just go on welfare.  Obama's willing to take care of everybody and bust the bank in order to do it.  Why would anybody want to go to work? 

Forbes: Why You Should Plan on Working to Age 70
RUSH: Forbes magazine: "Why You Should Plan on Working to Age 70 -- Push off retiring until age 70 and your financial world is going to be much brighter. The Center for Retirement Research at Boston College reports in a new study ... that a whopping 85% of households would be prepared to retire by age 70."  I should caution and tell you that these figures are based on Social Security as it is today. 

Now, the author of this piece is Kerry Hannon.  Kerry Hannon says, "I want to believe this. And I also believe that most of us will want to keep working even beyond that in our so-called retirement years part-time, or in some fashion, for plenty of good reasons. ... 'While this finding suggests that today’s workers will need to work longer than their parents, they are also healthier and better educated, generally have less physically demanding jobs, and can expect to live longer. In short, working longer is feasible for most households, and it does not mean working forever.'"
 
Well, here you go.  The new norms.  What retirement?  And I'm not pushing retirement, don't misunderstand.  I'm just saying a lot of people made plans, oriented their lives around such plans, and they're all out the window.  Why wait 'til 70?  Why should anybody keep working anyway?  You just go on welfare.  Obama's willing to take care of everybody and bust the bank in order to do it.  Why would anybody want to go to work? 

Fast Eddie Criticizes Obama on Bain Attack
RUSH: By the way, "Fast Eddie" Rendell, the former governor of Pennsylvania, is criticizing Obama for his latest attacks on Bain Capital and Romney. He's criticizing Obama especially on the felony stuff. See if this opens the flood gates, 'cause I guarantee you a lot of Democrats are not happy with the way this is going.

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