{"id":13598,"date":"2013-01-04T17:48:16","date_gmt":"2013-01-04T17:48:16","guid":{"rendered":""},"modified":"2013-01-04T17:48:16","modified_gmt":"2013-01-04T17:48:16","slug":"cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/","title":{"rendered":"CNN\u2019s Ali Velshi Might Be Right About How Low-Information America Understands Economics"},"content":{"rendered":"

\"Listen<\/a><\/p>\n

RUSH: Ali Velshi, obviously, ladies and gentlemen, is a low-information reporter. Ali Velshi, the economics guru at CNN, said last night: “Republicans need to understand the difference between the debt ceiling and debt.”<\/p>\n

He\u2019s saying that you can\u2019t use the debt ceiling to try to control spending, and he said the Republicans are making a big mistake. He said the American people understand economics now. There aren\u2019t any low-information Americans on the economy. This thanks to Obama and the recent debt deal and the fiscal cliff. The American people now get it. And what they get is that the Republicans are the bad guys who are going to take everything away from \u2019em.<\/p>\n

<\/p>\n

When Republicans want to “get a handle on spending,” what that means is try to take food out of the mouths of babies. They\u2019re going to take food away from the elderly and doctors, and treatment away from everybody. That\u2019s what the Republicans want to do, and Ali Velshi says the American people now understand this. And, of course, the debt ceiling is the next big budget fight coming up.<\/p>\n

Velshi is saying you can\u2019t use the debt ceiling to try to control spending and that\u2019s where the Republicans are making their mistake. They should be trying to control spending. The American people don\u2019t want spending control. The Republicans need to understand this, and so the debt ceiling? They should let Obama just name it! Let Obama have control of it, because you can\u2019t use the debt ceiling to try to control spending.<\/p>\n

This presumes people know what the debt ceiling is.<\/p>\n

The debt ceiling is exactly what it says: At that level of debt when you\u2019ve reached the ceiling, you can\u2019t legally borrow any more money. And, of course, that limits spending. But Ali Velshi says that the debt limit and spending aren\u2019t related, and the American people understand this. We\u2019re gonna prove to you that he\u2019s right about this, by the way, in mere moments. We\u2019ll have the Ali Velshi sound bite and the corresponding sound bites to establish this.<\/p>\n

He says the debt ceiling being raised has nothing to do with credit ratings.<\/p>\n

Nothing at all.<\/p>\n

The debt ceiling doesn\u2019t matter to anything.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Now, for those of you out there who have credit cards, some of you have limits, spending limits on your credit cards. Some of you don\u2019t. Some of you have the American Express black card. Some of you have the American Express platinum card. You can charge as much as you want, 30-day cycle, but most Americans have a limit, a monthly limit beyond which you can\u2019t charge. Think of the federal budget as much the same. Think of the debt limit as your monthly credit card limit. You can\u2019t go over it on your credit card. And the United States government can\u2019t spend more than what its credit limit is or its debt limit. <\/p>\n

Now, Ali Velshi, CNN, says that has no relation to spending. He-he-he-he-he. The CNN lead economics guy, the credit limit, the debt limit has nothing to do with spending. At all. Here is his sound bite last night on CNN. Ashleigh Banfield says, “We are all tired of it and yet you say we\u2019ve got Valentine\u2019s debt ceilings, Saint Patrick\u00c2\u2019s day sequester and then the budget deal after that. Is there any reason to believe that it\u2019s going to be different than the last few fights?”<\/p>\n

VELSHI: The only good thing here is that everybody\u2019s engaged. Americans know more about their economic issues and their budgetary issues than we have in a long time. And I think Congress seems to be getting the message, “Hey, don\u2019t worry about the media, worry about your constituents who are actually mad. They just want something to get done.” The GOP needs to learn the difference between the debt and the debt ceiling. Using the debt ceiling and the ability to pay our bills for things we\u2019ve already spent is just outrageous. It was outrageous in August of \u201911 and it continues to be outrageous, but the Republicans continue to use this language that somehow it\u2019s to control spending. And it\u2019s just incorrect.<\/p>\n

RUSH: See, the debt limit, you\u2019re an idiot, you\u2019re absolutely stupid, the Republicans are, if they think the debt limit is to control spending. Now, just like your credit card limit is not meant to control your spending. It\u2019s just arbitrarily set. Because the credit card companies are a bunch of creeps, and they\u2019re mean, they don\u2019t like you. They just as soon you go broke. So they set a limit on what you can spend and after that you can\u2019t spend any more, and the federal government does the same thing, but it doesn\u2019t matter, because Ali Velshi just said that this language that the debt limit is being used to control spending is just stupid and most Americans now understand this. Which I believe. <\/p>\n

So we thought we\u2019d put the theory that the American people understand economics now, Ali Velshi\u2019s theory, to the test. So we went to Entertainment Tonight. We have a portion of Christina McLarty. She\u2019s the infobabe at Entertainment Tonight. She had a report about speculation that Kim Kardashian<\/a> may pose nude while pregnant.<\/p>\n

<\/p>\n

MCLARTY: Will she pose nude like so many other famous moms have? And if she does, the big question; what will it do for her brand? Of course, Kim\u00c2\u2019s no stranger to posing in the all together. This shoot for Playboy magazine was in 2007.<\/p>\n

KARDASHIAN (2007): I\u00c2\u2019m doing it with class because I got a big [bleep].<\/p>\n

INGRASSIA: I think people would love to see her do some kind of a high fashion sexy shoot while she\u2019s pregnant.<\/p>\n

MCLARTY: Of course, a pregnant Kim would be joining the likes of Jessica Simpson for Elle, Mariah Carey in Life and Style, Christina Aguilera, Marie Claire, Britney, Harper\u00c2\u2019s Bazaar, and the original trend setter Demi Moore on the cover of Vanity Fair.<\/p>\n

INGRASSIA: I think if a celebrity does a nude photo shoot while pregnant with the right magazine, then it\u2019s great for their brand.<\/p>\n

RUSH: There you have it, Entertainment Tonight illustrating that the American people sure as hell understand the economy. If Kim Kardashian does a fashion shoot while posing nude, it will help her brand. What does that mean? She\u2019ll make more money. And so the American people understand, you get a deal to get pregnant and then pose nude on the cover of a magazine, under the guise of doing a fashion shoot, you can get rich. Voila, the American people understand the economy. Ali Velshi may be on to something. <\/p>\n

Let\u2019s give it another shot here. This is NBC\u2019s Access Hollywood. Here the host is Michelle Beadle and her report on Lindsay Lohan and how she made some money on New Year\u2019s Eve. Did you know Lindsay Lohan went to a New Year\u2019s Eve party in the UK, she was paid a hundred thousand dollars just for showing up for this thing and here\u2019s the report.<\/p>\n

BEADLE: Lindsay Lohan, how we love you. And so does the Sultan of Brunei, who paid Lindsay a hundred grand to attend his New Year\u00c2\u2019s Eve party in London. She rang in 2013 with a nice chunk of change and now she gives her new home a new look courtesy of the Million Dollar Decorators.<\/p>\n

IRELAND: Being rich doesn\u2019t mean you have good taste. Typically the more money you have, it seems to me, the worst taste you have.<\/p>\n

RUSH: That was Kathryn Ireland there. She\u2019s the host of Bravo\u2019s Million Dollar Decorators. So, the American people watching Access Hollywood clearly learned Lindsay Lohan made money on New Year\u2019s Eve by charging a hundred thousand dollars to show up and learned she got lousy taste when she decorates her house with the money. Ali Velshi at CNN says the American people understand the economy and I think he\u2019s on to something. Good Morning America, a portion of the correspondent Tanya Rivero\u2019s report on the fashion trends for 2013. You\u2019re gonna hear a couple of unidentified male models here in this report and a GQ magazine correspondent named Will Welch.<\/p>\n

RIVERO: Now, “meggings,” or leggings for men, are hitting the streets and the runways as one of the hottest new fashion trends adopted by celebrities like Justin Bieber, Russell Brand and Lenny Kravitz. But are guys really ready to squeeze in? I got to say, I feel like you\u2019re missing your pants. (laughter) So what\u2019s the underwear situation like?<\/p>\n

Model 1: Ooh…<\/p>\n

Model 2: No underwear.<\/p>\n

RIVERO: There is none. Okay, commando.<\/p>\n

ERIN: I think it was a slippery slope with skinny jeans. I kept buying like skinnier and skinnier pants. And then, here we are.<\/p>\n

RIVERO: We brought in an expert from men\u00c2\u2019s fashion bible GQ to weigh in. These guys were saying they kind of like mid-thigh. You agree with that?<\/p>\n

WELCH: Well, yeah. There\u2019s some basic anatomical practicality to that. American men were just wearing everything entirely too baggy. As part of that adjustment you\u00c2\u2019re seeing some like, extreme sort of outlier situations.<\/p>\n

RIVERO: Only time will tell if this trend has legs. <\/p>\n

RUSH: There you have it. Meggings for men, leggings for men called meggings. And of course this leads to profits for the manufacturers. Who knew that there was a market for this? Good Morning America has revealed a brand-new fashion market. In this faltering and weak economy, manufacturers of meggings for Hollywood guys obviously doing quite well economically and therefore understanding how the economy works. Ali Velshi, CNN, may be on to something. <\/p>\n

One more here, CNBC\u2019s Squawk Box. This is Jared Bernstein. He\u2019s the former economic adviser to Joe Biden. And they\u2019re having a discussion about the December job numbers. By the way, we\u2019ll get into details on that. The job numbers for December are out, and this is Rick Santelli and Jared Bernstein. They had this little exchange about what it all means.<\/p>\n

BERNSTEIN: This is an okay jobs report as folks are saying. At a period when you might have expected, you might have worried about something worse. The fiscal cliff was a little scratch on your hand compared to reaching the debt ceiling. That is a self-inflicted wound that is far, far deeper.<\/p>\n

SANTELLI: We need to grow up. You need to be a man when you look at the debt. If it means uncomfortability [sic], if it means going over cliffs…<\/p>\n

BERNSTEIN: Man up on the debt.<\/p>\n

SANTELLI: If it means the government closing, my kids will thank me some day for it.<\/p>\n

BERNSTEIN: Yeah, I don\u2019t think so.<\/p>\n

SANTELLI: I\u2019d like to see if you run your personal finances like that.<\/p>\n

BERNSTEIN: Yeah, personal finances and government finances are different, Rick.<\/p>\n

<\/a><\/p>\n

RUSH: See that, personal finances and government finances are different. That\u2019s Jared Bernstein, former economic adviser to Biden. He\u2019s exactly right and this is what Ali Velshi says the American people understand. Your credit card limit is nothing like the United States debt limit. The United States debt limit doesn\u2019t mean anything. Your credit card limit does. So government spending, personal finances and government finances are totally different. And the American people get this. They\u2019re totally on board with it. And there you have it. <\/p>\n

Now a brief time-out. We will continue with much more after this. No, I wouldn\u2019t. No, no, no, no, no. Somebody\u2019s trying to get me to call Lindsay Lohan a party girl. That\u2019s just an economic move that she made. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Ali Velshi, obviously, ladies and gentlemen, is a low-information reporter. 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Ali Velshi, the economics guru at CNN, said last night: “Republicans need to understand the difference between the debt ceiling and debt.” He\u2019s saying that you can\u2019t use the debt ceiling to try to control spending, and he said the Republicans are making a […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","twitter_misc":{"Written by":"GeorgePrayias","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/#article","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/"},"author":{"name":"GeorgePrayias","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4"},"headline":"CNN\u2019s Ali Velshi Might Be Right About How Low-Information America Understands Economics","datePublished":"2013-01-04T17:48:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/"},"wordCount":2004,"commentCount":0,"image":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/","url":"https:\/\/www.rushlimbaugh.com\/daily\/2013\/01\/04\/cnn_s_ali_velshi_might_be_right_about_how_low_information_america_understands_economics\/","name":"CNN's Ali Velshi Might Be Right About How Low-Information America Understands Economics - 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