{"id":19214,"date":"2011-06-16T01:01:01","date_gmt":"2011-07-20T00:18:03","guid":{"rendered":""},"modified":"2011-07-20T00:18:03","modified_gmt":"2011-07-20T00:18:03","slug":"lutz_on_el_rushbo_and_the_bailout","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2011\/06\/16\/lutz_on_el_rushbo_and_the_bailout\/","title":{"rendered":"Lutz on El Rushbo and the Bailout"},"content":{"rendered":"
\n

RUSH: Last night on CNN\u2019s In the Arena, Eliot Spitzer, who\u2019s the single reason Anthony Weiner has hope, Eliot Spitzer, Client No. 9, got his own TV show out of the deal. He got his own television show out of his deal on CNN. Stop and think about that, got his own television show. Furthermore they paired him with a woman he didn\u2019t like and she\u2019s gone. Kathleen Parker. He didn\u2019t like her, she\u2019s histoire. So he gets the show all by himself. Yeah, so Weiner gets out of wherever he\u2019s going, gets his own TV show, Weiner World, or maybe he\u2019ll be the cohost with Spitzer, Weiner-Spitzer, Spitzer-Weiner, yeah, it would be Spitzer-Weiner. <\/p>\n

At any rate, CNN\u2019s In the Arena, Eliot Spitzer, Client No. 9, interviewed former General Motors vice-chairman Bob Lutz, and this is during a discussion about the auto bailout, and Eliot Spitzer said, “Why is there such political opposition right now to something that so manifestly worked and brought back a whole sector of the economy?”<\/p>\n

LUTZ: I am a free market Republican by trade, but I get off the boat with Rush Limbaugh and everything when they criticize the — they\u2019re even criticizing the Chevy Volt now as a product of the Obama administration. Hello, I thought of that in 2006. I think what this is is an unfortunate tendency to use whatever is available as a lever against the Obama administration, good, bad, or indifferent, and the auto bailout was absolutely — and it\u2019s worked. Look, all three companies are profitable.<\/p>\n

RUSH: That\u2019s Bob Lutz, who I\u2019ve met. I first met Bob Lutz at the annual cigar dinner that Marvin Shanken, the Cigar Aficionado puts on for the Prostate Cancer Foundation at the Four Seasons in New York, and Lutz at the time was working at General Motors. And he\u2019s a great guy because he loves cars. He was a great car executive because he loved cars. Now, Rick Wagoner, who was the CEO at some later point in time, famously said, “I thought was coming in here to run a car company, but I\u2019m actually running a health care operation,” cause that was the primary challenge that they had. And about, I don\u2019t know, two, three years ago, I went up to Detroit and I had a tour General Motors, and Lutz was the guy that gave me the tour. We talked about the problems the automobile industry faces, what with all the regulations and mileage restrictions and global warming, all that\u2019s having. <\/p>\n

I don\u2019t remember if he showed me the Volt or not. There wouldn\u2019t have been anything to show other than a prototype. I don\u2019t remember if he showed me that or not. I\u2019m not saying the Volt is something Obama thought of or invented, but he\u2019s claimed it, he\u2019s subsidizing it, and he\u2019s doing everything he can to get people in these cars against their wishes. The Volt, the electric car, period, we have not arrived in the place in the market where people actively want them. But my problem is not Lutz, and it\u2019s not General Motors. It\u2019s controlling authoritarian statist regimes like Obama who don\u2019t have the slightest clue about how to run an automobile company, manufacturing company whatsoever, any kinda company, telling them how to do it and what to do is. And the bailout worked, all three companies profitable? Ford did not take any bailout money. <\/p>\n

I don\u2019t know under what measurement Chrysler and General Motors are said to be profitable. They still owe on the original loans, we\u2019re told that they\u2019re probably not gonna be forced to pay them all back. But, anyway, I have no animus for Bob Lutz. I respect him. This guy is a renaissance man. He flies fighter jets as a hobby. His business card, standing in front of one of his warplanes. The guy loves cars and so forth. But at any rate, the electric car? We all want General Motors to do well. That\u2019s the thing that\u2019s sort of heartbreaking and troubling. Everybody wants General Motors to do well. We all want America to succeed. We don\u2019t want to America to fail. <\/p>\n

Now, we have a story. This is from US News, April of 2009. “Government Will Not Cancel Chevy Volt, but GM Might Delay It — Despite the hype, the Obama administration\u2019s automotive task force has said the Chevy Volt is too expensive to solve General Motors\u2019 problems. In a report explaining its recent decision to give GM 60 days of funding and not more, the task force wrote, ‘While the Chevy Volt holds promise, it will likely be too expensive to be commercially successful in the short-term.\u2019 However, the government apparently will not cancel the Volt Program.” Now, I could say we all want America to succeed, but do we all? Do we all want America to succeed? I think that\u2019s the problem. There are some who don\u2019t want it to succeed as it always has.<\/p>\n

END TRANSCRIPT<\/p>\n

*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Last night on CNN\u2019s In the Arena, Eliot Spitzer, who\u2019s the single reason Anthony Weiner has hope, Eliot Spitzer, Client No. 9, got his own TV show out of the deal. He got his own television show out of his deal on CNN. Stop and think about that, got his own television show. Furthermore […]<\/p>\n","protected":false},"author":25,"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},"categories":[],"tags":[],"yoast_head":"\nLutz on El Rushbo and the Bailout - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2011\/06\/16\/lutz_on_el_rushbo_and_the_bailout\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Lutz on El Rushbo and the Bailout - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Last night on CNN\u2019s In the Arena, Eliot Spitzer, who\u2019s the single reason Anthony Weiner has hope, Eliot Spitzer, Client No. 9, got his own TV show out of the deal. 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