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RUSH: Bob Lutz yesterday, he was on MSNBC. Dylan Radigan asked him about remarks made by Jimmy Hoffa Jr, you know, the SOB remarks. Roberts said… Who\u2019s Roberts? Oh, Thomas Roberts was the Fill-In Host, and he said, “Is there a war on the working class right now, Mr. Lutz? Is that what the country is seeing?”<\/p>\n
RUSH: All right, so, now, he\u2019s responding here to Hoffa, and he said, “I think in the cold light of day Hoffa probably wishes he hadn\u2019t said it.” Hoffa has said he\u2019s glad that he said it. Now, I know Bob Lutz. I\u2019ve met him a couple times at cigar dinners and at his office at General Motors in Detroit. He and I have had a falling out over the government buying General Motors and the Volt. We\u2019ve had a falling out. I deeply regret it \u2019cause I have profound respect for the guy, but I\u2019m gonna tell you: Mr. Lutz, you\u2019re wrong. There is a war against the middle class. There is a war, and Hoffa is wrong about who\u2019s waging it. The war against the middle class is the war against the US private sector, and it\u2019s being waged by Barack Obama!<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: I want to go back and I want to finish these sound bites with Lutz. Let\u2019s see, what did I do with them? Yeah.<\/p>\n
This is Lutz blasting Hoffa and Obama. He just got through saying in the first bite here on MSNBC yesterday afternoon that Hoffa really doesn\u2019t mean it. If he thought about it, he probably regrets it. But that\u2019s wrong. Hoffa didn\u2019t regret it. He reaffirmed that he meant it, and Lutz is talking about how the economy works and so forth with the doofuses over at MSNBC. So the next question was from a Republican strategerist, Susan Del Percio. (I don\u2019t know how she pronounces it.) “When we hear all this rhetoric, Mr. Lutz, we have to put it aside to find solutions. What do you think can be done to really bridge the relationship between the union and the manufacturer, for example?<\/p>\n
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RUSH: But he does say that too much union power and too much union wealth was certainly one of the factors, and by that he means the unfunded pensions and health care after retirement. Finally, Democrat strategerist Karen Finney said to Lutz, “Now you\u2019re seeing both public sector and private sector employees seeing their pensions and those promises that were made in the pension basically decimated. Why shouldn\u2019t people feel like there\u2019s a war on them?”<\/p>\n
LUTZ: Look, ummm… Certainly 35% raises in the — in the government sector are, ummm, far outpacing pay raises in the private sector. What\u2019s happened is if you ask me who\u2019s under attack, I would say, “The private enterprise economy is under attack,” under attack of threat of higher taxation, higher regulation —<\/p>\n
FINNEY: But!<\/p>\n
LUTZ: — higher corporate taxes —<\/p>\n
FINNEY: But corporate profits are as high as they\u2019ve —<\/p>\n
LUTZ: — higher income taxes for high wage earners.<\/p>\n
RUSH: She was trying to say that corporate profits as high are as they have ever been; Lutz was saying income taxes for high wage earners. Lutz is right. The real war in this country is on the private sector. It\u2019s being waged against the private sector. He said it. When you say that the average pay for public sector worker is twice what it is for a private sector worker, who pays the public sector worker? The government? “Yeah. Oh, yeah. The government.” No, you do! Your taxes pay them and their unfunded pensions and health care when they retire after working 20 years, and then get 80%. By the way, Ford just announced that they\u2019re building a billion-dollar plant in India. Can you blame them? If they wanted to build a plant in South Carolina, the Obama regime would sue \u2019em cause it is a nonunion state! Look what happened to Boeing. Don\u2019t tell me there\u2019s not a private sector war going on.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Baton Rouge, Louisiana. This is Tina. Great to have you, Tina, on the program. Thank you for waiting. Hi.<\/p>\n
CALLER: Hey, Rush: Proud conservative Tea Party SOB dittos. (giggles) I wanted to remind you: At the first half hour break you mentioned, you know, just get out of our way. Well, I remember when you read an article that there was a businessman sitting next to a professor on a plane, and the guy just let the businessman talk, and he basically just spouted off exactly what you were saying. My husband is a small business owner and I talk to people every day in my community that are business owners, and it\u2019s the regulations and get off our backs. It\u2019s the same darn thing, and then that professor ended up being, you know, writing an article, and you read some of it. Do you recall that?<\/p>\n
RUSH: Yes, I do. I just don\u2019t remember the professor\u2019s name.<\/p>\n
CALLER: I don\u2019t, either, but he was from an Ivy League school, and he was surprised.<\/p>\n
RUSH: Yeah, shocked.<\/p>\n
CALLER: Yeah.<\/p>\n
RUSH: He was shocked.<\/p>\n
CALLER: Shocked by what he had to say.<\/p>\n
RUSH: He was shocked that a businessman would actually look at Washington that way.<\/p>\n
CALLER: Exactly. And this guy was from an Ivy League and he taught, I believe, economics.<\/p>\n
RUSH: Yeah. Oh, no. I know. I remember it, everything but the professor\u2019s name. I remember talking about because here was an economics professor who was illiterate —<\/p>\n
CALLER: Yeah.<\/p>\n
RUSH: — when it came to real-world economics.<\/p>\n
CALLER: Exactly!<\/p>\n
RUSH: Well, Tina, you\u2019re a proud Tea Party SOB, and I\u2019m great to have you in this audience.<\/p>\n
CALLER: (laughing) Thanks, Rush. Love you.<\/p>\n
RUSH: All right.<\/p>\n
BREAK TRANSCIRPT<\/p>\n
RUSH: I went back to our website. We had this caller, Tina, from, Louisiana, who asked me if I recalled the story about the Ivy League economist being schooled on the economy on a flight, and I remembered it.<\/p>\n
By the way, we put it right there in the orange banner at the top of the website at RushLimbaugh.com by Stephen Carter, who\u2019s a Yale economics professor. The date of this, May 26th of this year. “Economic Stagnation Explained, at 30,000 Feet — The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won\u2019t hire. ‘Why not?\u2019 ‘Because I don\u2019t know how much it will cost,\u2019 he explains. ‘How can I hire new workers today, when I don\u2019t know how much they will cost me tomorrow?\u2019 He\u2019s referring not to wages, but to regulation: He has no way of telling what new rules will go into effect when.<\/p>\n
“His business, although it covers several states, operates on low margins. He can\u2019t afford to take the chance of losing what little profit there is to the next round of regulatory changes. And so he\u2019s hiring nobody until he has some certainty about cost. It\u2019s a little odd,” writes Mr. Carter, “to be having this conversation as the news media keep insisting that private employment is picking up. But as economists have pointed out to all who will listen, the only real change is that the rate of layoffs has slowed. Fewer than one of six small businesses added jobs last year, and not many more expect to do so this year. The private sector is creating no more new jobs than it was a year ago; the man in the aisle seat is trying to tell me why.”<\/p>\n
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“My seat-mate has just discovered that I am a law professor: That is the reason for his discourse. ‘I don\u2019t understand why Washington does this to us,\u2019 he resumes. By ‘us,\u2019 he means people who run businesses of less- than-Fortune-500 size. He tells me that it doesn\u2019t much matter which party is in office. Every change of power means a whole new set of rules to which he and those like him must respond. ‘I don\u2019t understand,\u2019 he continues, ‘why Washington won\u2019t just get out of our way and let us hire.\u2019 There are a lot of responses I could offer at this point. But I am interested now; I prefer to let him talk. It isn\u2019t just hiring that is too unpredictable, he says. He feels the same way about investing. He has never liked stock markets; he prefers to put cash directly into businesses he likes in return for a small stake, acting, in short, as a small-time venture capitalist.<\/p>\n
“‘Can\u2019t do that now,\u2019 he says. For people like him — people who aren\u2019t filthy rich — it has become too hard to pick winners. But he doesn\u2019t blame the great information advantages enjoyed by insiders. He blames Washington, once more, for creating a climate of uncertainty. Growing bold — or maybe rude — I ask why, if the climate is so terrible, he doesn\u2019t just sell his company. This brings a smile. ‘I think about retirement a lot,\u2019 he says. ‘But I can\u2019t.\u2019 I wait to hear about how much he loves the business he founded, or about his responsibilities to his employees, or perhaps to the town, somewhere in the Dakotas, where his factory is located. Instead, he tells me that it\u2019s impossible to make a sensible decision about winding down his firm when he doesn\u2019t even know from one year to the next what the capital gains rate is going to be. I argue a bit. Surely government isn\u2019t all bad.<\/p>\n
“It protects property, the environment, civil rights … My seat-mate seems to think that I\u2019m missing the point. He\u2019s not anti-government. He\u2019s not anti-regulation. He just needs to know as he makes his plans that the rules aren\u2019t going to change radically. Big businesses don\u2019t face the same problem, he says. They have lots of customers to spread costs over. They have ‘installed base.\u2019 For medium-sized firms like his, however, there is little wiggle room to absorb the costs of regulatory change. Because he possesses neither lobbyists nor clout, he says, Washington doesn\u2019t care whether he hires more workers or closes up shop. We will be landing shortly in Minneapolis. I ask him what, precisely, he thinks is the proper role of government as it relates to business. ‘Invisible,\u2019 he says. ‘I know there are things the government has to do.<\/p>\n
“But they need to find a way to do them without people like me having to bump into a new regulation every time we turn a corner.\u2019 … ‘Government should act like my assistant, not my boss.\u2019 We are at the gate. We exchange business cards. On the way to my connection, I ponder. As an academic with an interest in policy, I tend to see businesses as abstractions, fitting into a theory or a data set. Most policy makers do the same. We rarely encounter the simple human face of the less-than-giant businesses we constantly extol. And when they refuse to hire, we would often rather go on television and call them greedy than sit and talk to them about their challenges. Recessions have complex causes, but, as the man on the aisle reminded me, we do nothing to make things better when the companies on which we rely see Washington as adversary rather than partner. — Stephen L. Carter, a Bloomberg View columnist, is a professor of law at Yale University.”<\/p>\n
Now, there you have it. That\u2019s from May 26th of this year, and more CEOs of even larger companies are starting to echo the same thing. “Just get out of our way. Just stop all this.” Now, I checked the e-mail during the break, and it\u2019s predictable. There you go again, Rush, predicting that Obama wants this to happen, purposely destroying the economy. No president wants to destroy the economy! He may be inept, Rush, and he may be competent, but he\u2019s not trying to do that.” Let me ask you a simple question: If this is not what the regime wants, why do they keep doing it? Hmm? Just give me an answer to that simple question: If this is not what Obama wants, why does he keep doing it? If this is not what Obama wants, why does he keep expanding it? Do you doubt that Obama wants to grow the government larger and larger? Do you doubt that the government wants to make more and more people dependent on it, meaning the Democrat Party. If this is not what Obama wants, why does he keep doing it?<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Bob Lutz yesterday, he was on MSNBC. Dylan Radigan asked him about remarks made by Jimmy Hoffa Jr, you know, the SOB remarks. Roberts said… Who\u2019s Roberts? Oh, Thomas Roberts was the Fill-In Host, and he said, “Is there a war on the working class right now, Mr. Lutz? Is that what the country […]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-18115","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n