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RUSH: Barack Obama once again — this was either late last week or over the weekend, Obama\u2019s out talking about the economy. It might have been in his Saturday radio address. I\u2019m not sure. He said it before so it\u2019s not new, but he said it again. He said, “We won\u2019t win the race for new jobs and new businesses and middle-class security if we cling to this same old, worn-out, tired ‘you\u2019re on your own\u2019 economics that the other side is peddling. It was tried in the decades before the Great Depression. It didn\u2019t work then. It was tried in the last decade. It didn\u2019t work. You know, the idea you would keep on doing the same thing over and over again, even though it\u2019s been proven not to work. That\u2019s a sign of madness.”<\/p>\n
By the way, the thing that saved this country economically, after the New Deal, cause the New Deal was destroying this economy, was World War II. The New Deal was an abject failure, just like Obamanomics is an abject failure. But the characterization of capitalism as “you\u2019re on your own” economics is so flawed as to be insulting, that this is what I mean about these people being ignorant. Conceited, ignorant. I have no doubt he believes this. He\u2019s been taught this. He\u2019s theorized about it in the faculty lounge. He believes that capitalism is you\u2019re on your own. He believes that capitalism is people destroying each other, stealing from each other. That\u2019s what he thinks of competition. Competition is immoral, it\u2019s unhealthy because all it does is lead to cheaters. And who are the cheaters? The people that win. <\/p>\n
This is striking, to have this kind of conceit and arrogance combined with ignorance in a president of the United States is profoundly dangerous, shockingly dangerous to have this kind of thinking. He\u2019s put this in his books another way. He has written: white man\u2019s greed runs a world in need. But capitalism is not “you\u2019re on your own.” Capitalism is free markets and self-interest. You see, that\u2019s what these people can\u2019t abide, the self-interest. The mother and father who go to work attempting to improve their family\u2019s economic standing is self-interest. It isn\u2019t selfishness, and they\u2019re not doing what they\u2019re doing to take from other people, but Obama thinks they are. <\/p>\n
They\u2019re not doing what they\u2019re doing to destroy other people. They\u2019re doing what they\u2019re doing to improve their own lot in life, and as they do their children\u2019s lives prove and so do the lives in their neighborhoods and their communities improve, and this works geometrically in proportion. The president of the United States thinks this country has never worked. The most prosperous, generous, good country on the face of the earth in the history of the world.<\/p>\n
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RUSH: Capitalism is simply economic freedom. If you\u2019re against capitalism, you\u2019re against basic economic freedom. Simple as that.<\/p>\n
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RUSH: So capitalism, the most successful economic system ever created by man, stop and think of this in more than just political terms. Think of it in terms of whether somebody\u2019s smart and knows what they\u2019re talking about. The greatest economic reality in the history of mankind. In 300 short years, compared to the length of time other nations have been on earth, societies, cultures, none ever got close to the standard of living, economic output. We start with 13 colonies and become the only genuine world superpower. We create a standard of living for our citizens and others around the world. We feed much of the world. We are the first on the scene for disasters that happen anywhere else around the planet. <\/p>\n
It\u2019s striking to look at the history of the United States and call it a failure. But that is what our president is doing. And he\u2019s doing it as part of his reelection campaign. The United States of America is a failure. It\u2019s a failed experiment. It needs to be cast aside. Now, stop and think of that. In real world terms, we have to throw it out and replace it with what? Six decades of failed liberal social programs, the New Deal, FDR, and we had the Great Society, LBJ, the war on poverty, all of these things did what? Did we reduce poverty? No. Not with liberal programs. The abjectly failures, demonstrable, provable failures, are the things Obama believes in. But it\u2019s not just ignorance. It\u2019s not just arrogance. It\u2019s not just conceit. <\/p>\n