ChiComs Buy Bankrupt Obama Battery Maker
RUSH: Do you remember the battery maker, the electric car battery maker A123 Systems? You might remember they were recipients of stimulus cash -- green energy stimulus cash -- from Obama, like the solar industry and all the other green energy, the wind gang and so forth. Well, the A123 Systems battery outfit took all that money and went bankrupt, and now they're being bought by the ChiComs. The ChiComs! What a way...
The ChiComs own a lot of our debt anyway, so what a brilliant way to funnel money to the ChiComs. And an American company, to boot, that is in an industry targeted by Obama as the wave of the future. So now the ChiComs own a battery company in America that has gone bankrupt. The ChiComs will build it back up, and the ChiComs will now make batteries for the forthcoming electric cars that Obama thinks we all ought to be driving.
Crony Capitalists: Schmidt Hides Money in Bahamas; Immelt Calls for Tax Hikes
RUSH: Did you know that Google is sheltering $10 billion untaxed revenue in the Bahamas via Ireland. Google paid about 1.5 billion dollars in taxes worldwide last year. It has been calculated that Google owes about ten billion. They have sheltered in the Bahamas. Ireland to the Bahamas, at a shell company in the Bahamas. If it was the Caymans we'd be all over 'em 'cause that's where Romney put his money. That's where Romney went to bury the dogs that he killed and shelter his money. So the Caymans, you can't do. But the Bahamas, hey, that's cool, everybody goes to the Bahamas. Seriously, now.
Meanwhile, Jeffrey Immelt, the NBC CEO, is out there saying, (paraphrasing) "We need new revenue," on the fiscal cliff. "We can't fix anything here with simple spending cuts. That isn't gonna cut it. We need new revenue." The CEO of General Electric. Google, ten billion. Now, you would think in this class envy era where Obama has ginned up all of this anger and hatred for the achievers, you would think, yeah, GE hasn't paid any taxes. Legally, they haven't paid. We got no revenues from GE. GE hasn't paid on income of multiple billions. They haven't paid any income tax because their income is international, most of it's international, not domestic. That's what I say. Mr. Immelt, if you want more revenue, how about writing a check? Why doesn't GE write a check? Here's Google, $10 billion that is subject to taxation that isn't. It's legal, don't misunderstand, but they're sheltering it.
Now, I would think, with all of the class envy hatred and anger that Obama has ratcheted up, that if people found out about this they'd be mad. I'm talking about the low-information voters. They would be mad. But, no, they won't be mad, 'cause Google is cool. Google Maps, Google search, Google's cool. They do understand tax shelter when it's Google, that's cool. Google needs money 'cause Google provides stuff for people, like search and cool apps and any number of things. No, I'm just chronicling this because of the wanton unfairness and the inequity of it all. I'm throwing it out just for consumption.
Jamie Foxx Brags About Killing White People on Screen
RUSH: Have you seen the front page of the Drudge Report today? The top headline is a picture Jamie Foxx, well known African-American actor, decked out as a cowboy, and apparently in his upcoming movie, I guess a Quentin Tarantino movie, Jamie Foxx jokes about killing all the white people, in a new movie. Snerdley says, "So? So? What's wrong with that? What's the problem with that? You got a problem with that? It's just a movie, don't sweat it, Limbaugh. It's just a joke about killing all the white people." Yeah, well, I know, it's Jamie Foxx. What else is he gonna say. He played Ray Charles? That means he is Ray Charles. If he played Ray Charles, he is Ray Charles, and you don't rip Ray Charles. Flip Wilson taught me that. You do not criticize Ray Charles. Not that I ever intended to anyway. I went to the church of What's Happening Now. I understand.
Fed Judge: "Choose Life" License Plates Unconstitutional
RUSH: A federal judge in North Carolina says "Choose Life" license plates are unconstitutional. Remember, folks, this war that we are in is not just political. It's cultural. And it's a point that I've been making for many, many, many moons.
Intel Forecast: US Will No Longer be World's Only Superpower by 2030
RUSH: The news hits just keep on coming. It's from Politico: "A new report by the intelligence community projects that the United States will no longer be the world's only superpower by 2030. 'In terms of the indices of overall power -- GDP, population size, military spending and technological investment -- Asia will surpass North America and Europe combined,' the report concludes. 'Global Trends 2030: Alternative Worlds' -- prepared by the office of the National Intelligence Council of the Office of the Director of National Intelligence -- projects that the unipolar world that emerged after the fall of the Soviet Union will not continue. 'With the rapid rise of other countries, the "unipolar moment" is over and no country -- whether the U.S., China, or any other country -- will be a hegemonic power,' the report argues."
Is it gonna take that long for us to lose our superpower status? I thought we were on track for many sooner than that. The Obama plan to knock down America obviously is -- I'm surprised it's gonna take that long. 2030 is, what, another 18 years, 17 years. And we're on a path to lose our superpower status long before that. In some ways, you know, a superpower, in order to have that title, you have to be willing to project your power. You have to be willing to use it. I don't think we do. I'm not sure the United States is a superpower even now. Definitionally, yes. But we're not led by somebody who believes in the concept anyway. Our president does not believe in the whole notion. Having America be a superpower is unfair. That's not right. It's not equitable. And we only became a superpower, of course, because we stole resources and other things from other countries. We've not been a genuine superpower in Obama's worldview. And don't doubt me on that.
Something Weird About the Australian Radio DJ Story
RUSH: I want to talk about these two radio people in Australia that have quit because of the suicide in the UK. Not today, I meant to get to it today, but I don't have time. There's something very weird about this. I'll leave it on the top of the stack for tomorrow.