{"id":25405,"date":"2007-04-26T01:01:01","date_gmt":"2011-05-19T05:35:37","guid":{"rendered":""},"modified":"2011-05-19T05:35:37","modified_gmt":"2011-05-19T05:35:37","slug":"economy_booms_but_not_in_media","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/","title":{"rendered":"Economy Booms, But Not in Media"},"content":{"rendered":"<section>\n<p>RUSH: Look at this. In addition to the Dow Jones Industrial Average racing past 13,000 yesterday, &#8216;The number of laid-off workers filing claims for unemployment benefits fell last week by the sharpest amount in nearly two months, indicating the labor market remains healthy despite the sluggish economy,\u2019 and then there\u2019s this: &#8216;One-day individual tax haul at record high in America. U.S. tax receipts from individuals hit a record one-day high of $48.7 billion on April 24, a Treasury Department official said on Wednesday. The previous record was $36.4 billion, set on April 25, 2006.\u2019 Neither of these years, by the way, occurred during the <emphasize>Clinton <\/emphasize>presidency. For those of you in Rio Linda, 2006, 2005, were just this year and last year. &#8216;The record reflects taxes not withheld.\u2019 Those of you who have pay stubs, all those FICA deductions? They\u2019re not talking about you because yours are collected during the course of the year. But people like me who file quarterly estimates &#8212; a-hem &#8212; because we happen to be self-employed, sole proprietors, entrepreneurs, you name it, it is those payments. Our first quarter 2007 estimate was due on April 17th. So you gotta be postmarked by April 17th or you have a fine and a penalty and they come after you. So people postmark their first quarter estimated payments on the 17th. Some of this might also be what was owed on April 15th of 2006, and it\u2019s that money that equals the $48.7 billion. <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\" width=\"250\" height=\"154\" class=\"alignright\"\/>Now, listen to how chief economist at Wrightson ICAP in Jersey City, New Jersey, characterizes it. His name is Lou Crandall. He said, &#8216;Well, this reflects the fact that Americans in high income brackets had a very good year in 2006.\u2019 So they don\u2019t want to talk about the <emphasize>economy<\/emphasize>. Everybody is not in a &#8216;high income bracket\u2019 that is paying quarterly estimates. There are all kinds of sole proprietorships, small businesses, that don\u2019t file on a 1040. It\u2019s not just the wealthy doing this. What it means is the economy is going through the roof. What it means is that there are a lot of people working. What it means is we\u2019ve cut tax rates, and there\u2019s a lot of dividend and profit taxes here from people\u2019s investment portfolios. That\u2019s because we\u2019ve lowered the capital gains rate, for crying out loud! People are more willing to report profits when it\u2019s 15% than when it\u2019s 35 or 40. Duh! So it has to be characterized, &#8216;Well, people at the top, yeah, man, they\u2019re really doing well.\u2019 I don\u2019t deny some are in that category that contributed this money, but it\u2019s not just wealthy taxpayers. At any rate, so we\u2019ve got unemployment claims down. We got the Dow Jones Industrial Average that raced past 13,000. We\u2019ve got a record one-day tax receipt day in America. Listen to this montage. We have Katie Couric, somebody from CBS named Anthony Mason, Charlie Gibson at ABC, Betsy Stark at ABC, and Brian Williams all reporting on the Dow.<\/p>\n<p>KATIE COURIC: Even as investors are making money in the market, Anthony Mason reports there are concerns tonight about the rest of the U.S. economy. <\/p>\n<p>ANTHONY MASON: Wall Street and Main Street appear to be headed in different directions. While the stock market\u2019s been racing ahead, the economy has been slowing down. <\/p>\n<p>CHARLIE GIBSON: The Dow Jones stock index went over 13,000 for the first time ever, despite less-than-inspiring news on the economy overall. We\u2019ve had four years of a straight bull market. Doesn\u2019t just the timing of this suggest that there might be a correction? <\/p>\n<p>BETSY STARK: By historical standards, Charlie, we\u2019re actually overdue for a correction. <\/p>\n<p>BRIAN WILLIAMS: For people watching this tonight, maybe some people who don\u2019t have anything in the market, they hear it reported as &#8216;good news.\u2019 How is it good news for <emphasize>them<\/emphasize>?<\/p>\n<p>RUSH: I want to ask you a question. Brian, we love you here and you know we respect you, but you\u2019re not that na&amp;iuml;ve. &#8216;How is it good news for <emphasize>them<\/emphasize>?\u2019 So I\u2019m just going to tell you, if Bill Clinton or John Kerry or Al Gore were in the White House, you wouldn\u2019t hear a report like that and you wouldn\u2019t see one. You would be trumpeting this, &#8216;All these records being set, and the taxes that the rich are paying would be held out as punitive,\u2019 and the people who are being asked in this report, &#8216;Well, what\u2019s in it for you?\u2019 they would be told, &#8216;You ought to feel good because we\u2019re soaking your enemy! We\u2019re soaking the rich.\u2019 They have no desire to talk about the economy when it\u2019s good, particularly coming up in a presidential year with a Republican in the White House. They don\u2019t want to do it. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Look at this. In addition to the Dow Jones Industrial Average racing past 13,000 yesterday, &#8216;The number of laid-off workers filing claims for unemployment benefits fell last week by the sharpest amount in nearly two months, indicating the labor market remains healthy despite the sluggish economy,\u2019 and then there\u2019s this: &#8216;One-day individual tax haul [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy Booms, But Not in Media - 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:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Economy Booms, But Not in Media - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Look at this. In addition to the Dow Jones Industrial Average racing past 13,000 yesterday, &#8216;The number of laid-off workers filing claims for unemployment benefits fell last week by the sharpest amount in nearly two months, indicating the labor market remains healthy despite the sluggish economy,\u2019 and then there\u2019s this: &#8216;One-day individual tax haul [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#webpage\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/\",\"name\":\"Economy Booms, But Not in Media - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#primaryimage\"},\"datePublished\":\"2011-05-19T05:35:37+00:00\",\"dateModified\":\"2011-05-19T05:35:37+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Booms, But Not in Media\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economy Booms, But Not in Media - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/","twitter_card":"summary","twitter_title":"Economy Booms, But Not in Media - The Rush Limbaugh Show","twitter_description":"RUSH: Look at this. In addition to the Dow Jones Industrial Average racing past 13,000 yesterday, &#8216;The number of laid-off workers filing claims for unemployment benefits fell last week by the sharpest amount in nearly two months, indicating the labor market remains healthy despite the sluggish economy,\u2019 and then there\u2019s this: &#8216;One-day individual tax haul [&hellip;]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125108.Par.89380.ImageFile.jpg"},{"@type":"WebPage","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#webpage","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/","name":"Economy Booms, But Not in Media - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website"},"primaryImageOfPage":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#primaryimage"},"datePublished":"2011-05-19T05:35:37+00:00","dateModified":"2011-05-19T05:35:37+00:00","author":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/04\/26\/economy_booms_but_not_in_media\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/live-rush-limbaugh.pantheonsite.io\/"},{"@type":"ListItem","position":2,"name":"Economy Booms, But Not in Media"}]},{"@type":"Person","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.rushlimbaugh.com\/daily\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/25405"}],"collection":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/comments?post=25405"}],"version-history":[{"count":0,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/25405\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media?parent=25405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/categories?post=25405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/tags?post=25405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}