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The Fed Pumps Up Obama's Market

BEGIN TRANSCRIPT

RUSH: Cameron in Pittsburgh.  It's great to have you, sir.  Welcome.

CALLER:  Rush, an honor to talk to you.  I have two points or two questions.  My first one is last week during President Obama's press conference regarding sequestration, he clearly placed blame squarely on the Republicans for any negative economic numbers that may come out in the next three to six months.  My question is, when positive economic figures come up in the next three to six months, will he give credit to the Republicans for those numbers?

RUSH:  No, no, no, no, no.  Why would there be positive economic numbers?

CALLER:  Well, it's quite possible sequestration could have a positive effect on the economy.

RUSH:  Look, if there is anything positive happening in the economy, if there are any positive numbers, they're fake.  But beyond that, the regime is gonna get credit for it.  The Republicans aren't gonna get credit for anything.

CALLER:  That really is my point.  He was ready to place blame, but I know he would not give credit if the numbers were positive.  My second point or second question is how is it that Democrats constantly regard America's children as our most sacred resource only when they're outside of the womb?

RUSH:  I'm really having trouble hearing you.  It's not your fault.  It's the phone you're on combined with my hearing problem. Your words are all running together.  Did he say inside or outside the womb?  Sacred resource outside the womb, obviously.  Inside the womb they're just unviable tissue masses.  On this business of positive economic news, I think, if I understand the reason for the question, Obama's been out blaming the Republicans for the sequester.  It's their fault. They created it.  They're the architects, and if all of a sudden the economy shows improvement, are they gonna get credit for it?  No. 

The media's not gonna credit the Republicans for anything.  Obama's not gonna credit the Republicans for anything.  And if the American people, on their own, attribute positive economic numbers to the sequester, which they don't even understand -- I'm not trying to be negative here.  Obama's out talking the economy down now, other than the stock market, which is another thing.  You know, the stock market's doing well simply because the Federal Reserve has been pumping money into it.  The Fed has basically been giving money to investors, institutional people, to go out and invest in securities, and 'cause Obama's pointing to the stock market, that's the focal point now to show that the economy's rebounded and is smooth sailing ahead. 

There's even a piece at Business Insider today saying it's all clear for the economy. We're now on the road to full-fledged, unstoppable recovery.  Now, what Obama did say at his press conference last week -- and we played the sound bite -- was that anything bad that happens next month, next week, next two months, next week three months, next six months, it's the fault of the Republicans, it's due to the sequester.  He made that prediction.  That's talking the economy down.  He's purposely inflicting pain and suffering on people economically.  The way he set things up, he doesn't really benefit from a rebounding economy, not without a lot of spin, which they're entirely capable of.

END TRANSCRIPT

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