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Ohio Businessman Tries to Raise Capital

BEGIN TRANSCRIPT

RUSH: Here's Steve in Defiance, Ohio. Great to have you on the EIB Network. Hello.

CALLER: Dittos, Rush. Thanks for taking my call.

RUSH: Thank you, sir. How did this place get its name? Let's see, there's Defiance, Ohio. There's something else, another Ohio town that's named something like it. Defiance? Alliance?

CALLER: There's an Alliance, and there's also an Independence.

RUSH: Right.

CALLER: We get that a lot.

RUSH: Well, it's great to have you on Open Line Friday. Hello.

CALLER: Great. Yeah, I'm an entrepreneur and I'm raising capital for my startup, and I just wanted to share with you how incredibly hard it's been to find investors in Obama's economy.

RUSH: Okay.

CALLER: So many of them have told me that they love the concept that I have but they're just holding onto their money 'cause they're just not sure what Obama's gonna do if he gets reelected. It's been really frustrating.

RUSH: For those of you in Rio Linda, when Steve says here he's looking for "capital," that's money. You're looking for investors, and they're reluctant because they may not have much if Obama's reelected.

CALLER: Exactly.

RUSH: Because of taxes and whatever other requirements they're gonna have to meet, like health care expenditures they might have to make. No, I know. What about the banks? Have you tried getting money from a bank?

CALLER: Almost impossible.

RUSH: Why?

CALLER: I'm a third-generation small-business family, and we used to be able to go to the bank anytime we needed it, with our reputation and our credit. Here they kind of looked at me like, "Yeah, there's really nothing we can do."

RUSH: Really?

CALLER: Yeah, with all the new regulations and everything. And we have connections with several of the CEOs of local banks here.

RUSH: Okay, see, this is a point. "Guys like you, it's about time you found out what the rest of country has to live like. You were living off your connections. You knew people in powerful places that other people like the Obama phone lady never knew, never met, and she didn't have the same opportunity as you. Well, it's about time these people told you to take a hike so that you see what it's like!" This is what Obama thinks. "It's about time you found out what it's like!"

CALLER: That's right.

RUSH: "You had an unfair shot. You had a greater opportunity 'cause you knew people! You knew somebody. Somebody was able to help you out, and that's not a fair shot for somebody else."

CALLER: (chuckling)

RUSH: Look, it may sound... That's exactly how he thinks, folks, and do not doubt me. He may not have this personal desire that you don't get a loan. But I'm telling you: When he hears a story like this, he hears success. "Nobody ought to get a loan 'cause they know somebody because not everybody can. This networking business, it's not fair. It's not a fair shot, and it isn't a fair result. You shouldn't have that advantage. Your family, so what? Not everybody has family connections. Those that don't, don't have an advantage like you do. So it's about time you found out what it's like to be said 'no' to."

CALLER: (chuckling)

RUSH: That's Obama. That's Obama economics, folks. So what are you gonna do?

CALLER: Just keep your head down and keep going. It's all you can do, you know? You don't ever fail until you actually give up, and I'll never give up.

RUSH: Well, hang in there. Hang in there, 'cause I think if Romney wins this you'll be able to get some money the next day.

BREAK TRANSCRIPT

RUSH:  I was deadly serious when I was telling Steve from Defiance, Ohio, if Romney wins the election, he'll get money the next day.  If he's got the credit that he says he's got, everything else being equal, he'll be able to get the money the next week.  You watch, folks, if Romney wins this election, you watch the shackles, the invisible shackles that are gonna be removed from this economy.  Well, they're not invisible, but with the prospect of Obama gone and no more Obamaism and Romney back to the free market, in that direction, you watch.  It's gonna be one of the fastest recoveries we've ever seen.

END TRANSCRIPT

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