RUSH: You know, Obama, he's out here yesterday and last night telling these assembled sycophants who forked over $64,000 or $32,000 to hang around with him, that he's worried that there's this "dysfunction" in America and there's no reason for it!
RUSH: "Liberal Study Finds Entrepreneurs Dying Under Obama -- The Brookings Institution found that for the first time on record US businesses are being destroyed faster than they're being created."
(summarized) "Everything's going great, and there's reason be optimistic. America's best days are ahead of it! It doesn't make any sense here." Right. Dysfunction. Malaise. "The Brookings Institution found that for the first time on record US businesses are being destroyed faster than they're being created. In fact, the American economy is less entrepreneurial now than at any point in the last three decades."
It's not an accident, and it is not the fault of what Obama inherited. You know there are still people that say that in the media? "Well, you know, that Bush, he really wrecked it with the Iraq war and everything! Obama, he's worked real hard. He just hasn't been able to put it all back together." I can't believe there are people that still think that, but they do.
Now, the Brookings Institute study famously "doesn't answer why" all of this is happening. They just point out that it is. "Brookings data show new firms entering the market spiked during the 1983-88 period," and I wonder what was going on then. That's the biggest spike of entrepreneurialism in new firms, 1983-1988. What was going on then? It was the Reagan years!
He cut taxes and regulations and we were off to the races. It happened again during the period of 2001-2006. What was going on then? That was the second big spike. That was George W. Bush -- following 9/11, in fact. In both instances personal marginal income tax rates were cut across the board. In both instances.
In the last 30 years, we've had two five/six-year periods of really big increases in business startups and entrepreneurism. By the way, all these high-tech startups? Even with all of that, we're still losing business faster than we're creating them. It is the worst recovery on record in modern times. No question about it.
RUSH: Richard Sherman of the Seattle Seahawks with no leverage -- no leverage. He had nothing on him and still had one year to go. He signed an extension with something like $40 million guaranteed. He's the Seattle Seahawks cornerback who doesn't like the Crabtree guy. He immediately said the NFL would not get rid of an owner like Donald Sterling if they had an owner whose team name is "Redskins." So he's on the way to getting his reputation back with his guys.