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April 20, 2009 |
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Story #1: NY Times Gets Waterboarding Story from Lib Blogs
RUSH: The New York Times today has a story that Khalid Sheikh Mohammed was waterboarded six times a day, 183 times, over 200 times total, and their source for this is a left-wing blogger!
 Now, I'm going to give you the New Media model before I go on to this waterboarding point. The New Media model is going to be this. All these Drive-By Media outlets, the mainstream media, they're cutting back on bureaus and reporters and so forth, and what's going to happen is -- it's already starting to happen -- the New York Times, liberal media, TV and radio, newspapers, so forth, are going to start using left-wing bloggers as credible sources for news.
You stop and think about this: 183 times, six times a day, Khalid Sheikh Mohammed was waterboarded, his lawyers never complained, he didn't complain to whatever civil rights organizations there were. If somebody can be water tortured six times a day, then it isn't torture. Can we just establish that? If somebody can go through waterboarding 183 times, six times a day, which is a little bit hard to believe anyway, but let's acknowledge, let's just say it's true for the sake of it, because whatever the left-wing blogs print and publish, the Drive-By Media's going to say is true anyway. Six times a day, it means you're not afraid of it, it means it's not torture. If you found a way to withstand it, it can't possibly be torture.
Story #2: Obama Administration Moves to Nationalize US Banks
RUSH: Now, this story: "President Barack Obama's top economic advisers have determined that they can shore up the nation's banking system without having to ask Congress for more money any time soon..." You know how they're going to do this? All of the outstanding debt that the banks owe the country, they're just going to take it as common stock. The United States government is going to take stock, common stock, in the 19 biggest banks of the country.
"[C]onverting those loans to common shares would turn the federal aid into available capital for a bank -- and give the government a large ownership stake in return..." Now, you wonder why the stock market's down 248 today. It's because the banks are starting to report some healthy news, some of them are. Not all, but some of the reporting, you know, healthy futures and so forth, and some of them want out of the TARP deal -- and the administration says, "Not only are you not getting out of the TARP deal, we're not going to accept your loan repayments. We're just going to accept whatever you owe us in the form of common stock in your bank and we're going to own you. We're going to have equity in the bank and this is going to save the taxpayers gazillions of dollars!"
No wonder Hugo Chavez was laughing and smiling all weekend! This is what he did to the oil industry down in his own Venezuela: nationalize it. Obama's well on the way. I guess the United Auto Workers going to end up not only on the board of General Motors, United Auto Workers may end up on the board of directors of some of these banks.
Story #3: Prediction: UAW Will Get Equity in Auto Companies
RUSH: A couple more observations on this business about the banks and the bailout money, the United States government converting remaining loans to equity in the banks, we're talking 19 banks. It's interesting, isn't it, that we're talking about the nationalization of 19 American banks just after Obama pals around with Hugo Chavez and Daniel Ortega. I don't know how people just can passively, passively sit by and just accept this. Equity positions in US banks. See, Obama's going to say, "Taxpayers have given enough, taxpayers have had enough of bailouts," and I'm sure their internal polling says you're sick and tired of bailouts. So the way Obama's going to spin this to the emotionally attached nimrods that support him, "Okay, no more bailouts. The American people are tired, they've given enough, so we're going to take stock and equity in these banks." But this isn't what people had in mind when they said no more bailouts. When people said no more bailouts, they wanted the government to get out of our businesses and let bankruptcy take over, step in and fix it. Bankruptcy is an apolitical solution to failure.
Look, folks, again I say, we've had TARP, we've had Porkulus, we've had bailouts, we've had the government running auto companies and government running banks, and it hasn't worked, right? It seems to me that we can safely say the political solution hasn't worked. Might it now be time for the proper business solutions? But, of course, we're never going to be able, with Obama in charge, to get the proper business solutions because Obama tells people that business solutions are what created the problem, and only government, quote, unquote, can fix this. Government fixes something by taking equity in it? And then putting the United Auto Workers on the board of directors, in exchange for concessions on pension and retirement? You watch, that's how this is going to happen. With the car companies, what's going to happen is, when it's all said and done at the end of the day, UAW is gonna get equity and board positions in the automobile companies in exchange for giving up some of their pension and retirement demands. You watch. I'll make that prediction here on April 20th, 2009.
Story #4: Unbelievable: Unemployment Rises in 46 States
RUSH: Well, the unemployment rate has gone up in 46 states. California unemployment rate now 11.2%, the highest since 1976. Unbelievable.
Story #5: Will Obama Apologize to the People at the CIA?
RUSH: So Obama's going to go over to the CIA and talk to people at the CIA. What, is he going to apologize? Whatever, they're going to all end up loving the guy. That's what they'll have to say, and that's what will be reported.
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