{"id":26858,"date":"2011-05-19T04:55:40","date_gmt":"2011-05-19T04:55:40","guid":{"rendered":""},"modified":"2020-02-19T12:14:18","modified_gmt":"2020-02-19T17:14:18","slug":"robert_b_reichhhhhh_uh_returns_takes_aim_at_supercapitalism","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2011\/05\/19\/robert_b_reichhhhhh_uh_returns_takes_aim_at_supercapitalism\/","title":{"rendered":"Robert B. Reichhhhhh-uh Returns, Takes Aim at “Supercapitalism”"},"content":{"rendered":"
RUSH: Barack Ubama has urged Wall Street to protect the middle class. He says a free-market impulse has taken a toll on the middle class. Actually, the free-market impulse has made the middle class. We\u2019ll have details on that.<\/p>\n

Also, guess who\u2019s back and in the same vein, Former Labor Secretary Robert B. Reichhhhhh-uh. Now, if you are new to the program, you might be wondering why I pronounced his name that way. Well, Secretary Reichhhhhh-uh used to be a regular commentator on the McNeil\/Lehrer Newshour back when McNeil was on it. He\u2019d do his little commentaries, and at the end of his commentaries, he would go, ‘I am Robert B. Reichhhhhh-uh,\u2019 and trail off. He doesn\u2019t pronounce his name that way, this is just a TV gimmick, sort of like an on-screen signature. And so, as an excellent mimic, I simply expand and exaggerate what is already an affectation on the part of former Secretary Reichhhhhh-uh. At any rate, here\u2019s what he says: ‘Every day, we hear the mantra that where capitalism flourishes, democracy is sure to follow. But that is not necessarily the case. Rather, today\u2019s highly competitive ‘supercapitalism\u2019 is endangering democracy by taking power out of the hands of ordinary citizens.\u2019<\/p>\n

I wonder if Barack Ubama and Robert Reichhhhhh-uh are coordinating their message here. He goes on to say that, ‘over the past 30 years, global capitalism has developed into a turbocharged, Web-based system in which consumers and producers can access almost anything just about anywhere — whether it\u2019s global warming, lower wages, unstable jobs or greater inequality — these results of supercapitalism require a response.\u2019 Folks, seriously now, you look at Ubama, which we\u2019ll talk about, look at Hillary\u2019s health care plan, hell, any of these Democrat candidates\u2019 health care plans, you look at what this guy is now back saying, there is an all-out attack and assault on capitalism, which means market freedom, market economies. Your chance at prosperity is under assault by these people. I have been warning you about this. Their mission is to take as much control over society as possible, redistribute things so that people are equal and fair and all of this sort of thing. If you look at any point in time in history, in US civilization, any nation, any population that\u2019s tried this, A, it\u2019s failed, nobody\u2019s ever become prosperous other than the leaders; B, it just doesn\u2019t work. And that doesn\u2019t matter.<\/p>\n

See, the results never matter to these people. We\u2019re only supposed to calculate and be influenced by their good intentions, and their big hearts, and their compassion, and their tolerance, and all the other gunk that they supposedly have monopolies on. When you examine the results of these kinds of programs, there\u2019s no evidence to suggest that it\u2019s the way to go. Now, let\u2019s take these things he said: global warming, lower wages, unstable jobs, greater inequality. All of these things are the result of supercapitalism. Even if, ladies and gentlemen, all of our current warmth is manmade, if we stipulate that for the sake of this discussion, it has been a small price to pay for the health and prosperity and long lives we now enjoy. We\u2019re up one-degree centigrade in the last hundred years. What the hell is so bad about that? Unless your starting point is that the climate 100 years ago was ideal, and we\u2019re in the process of destroying it, and nobody knows that.<\/p>\n

As for lower wages — lower wages are the result of supercapitalism? What is the lowest wage? Let me ask you a question. There is an answer to this. The lowest has always been the same thing. What is it? Come on, give me a figure. What\u2019s the lowest wage? There is an answer to this. The lowest wage has always been the same. Zero. Zero dollars an hour. For the person who\u2019s lost their job because some idiot bureaucrat decided that workers should be paid more than the market can bear, how many people have lost their jobs because of the minimum wage increase? The lowest wage has always been the same, zero. Wages are not lower; productivity is up. Reichhhhhh-uh is simply wrong and full of it here: Unstable jobs, a result of supercapitalism. Free market thrives on competition, and that\u2019s what he focuses on here. Competition is causing arrest; causing angst; it\u2019s causing controversy; it\u2019s causing doom and gloom. That\u2019s not what\u2019s causing doom and gloom. What\u2019s causing that is you people on the left, Secretary Reichhhhhh-uh, because you people are constantly pounding everybody with doom and gloom and pessimism, you and your buds in the Drive-By Media.<\/p>\n

Competition has always been the thing that free markets thrive on. Where there\u2019s competition, bad business decisions are weeded out naturally by the market! The market\u2019s constantly readjusting to all this. It\u2019s a good thing to have competition, but not to these guys, because in competition there are losers. (Crying.) Can\u2019t have losers, because that\u2019s sad. Greater inequality. All right, as I always say, let\u2019s make everybody equal. The only way to do that is to spread misery equally. That\u2019s the only way, and that\u2019s what will end up happening. Folks, go back and read some of the great philosophers, go back and read some of the great conservative thinkers now and then, compare what they said, what they did, throw me in the loop with those great philosophers. Compare that with where we are headed, and we have come way off track. Do you realize Mrs. Clinton, and Edwards, and Ubama have proposed this national single-payer, whatever it is, health care plan, and have you seen a Republican pop up to denounce it? Romney, sort of, but they\u2019ve got a free ride on this. They\u2019ve established the premise. Nobody is disputing the premise on our side. Karl Rove today in the Wall Street Journal has a great op-ed on the real way to fix this, but he\u2019s not a candidate.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: This is Margot in Chicago. Margot, you\u2019re next. It\u2019s great to have you on the EIB Network. Hello.<\/p>\n

CALLER: Hi, Rush?<\/p>\n

RUSH: Hi.<\/p>\n

CALLER: Hi. I\u2019m a retailer, and I want to go back to what you were talking about in the very beginning of the show about Robert Reich and the jobs.<\/p>\n

RUSH: Yes.<\/p>\n

CALLER: Being a retailer, I have seen so much manufacturing go to China. And, in business, if the competition is doing something right, well, you know, imitation is the highest form of flattery. So, often in business, you\u2019ll adapt your business model to mimic that of a tough competitor. I think China qualifies there. So if you think of America as a business, and China as a competing business, I would like to know, what are the stats on China? I\u2019d like to know, is there a minimum wage? How much is forcibly extracted from their paychecks, like workers\u2019 compensation, Social Security, unemployment compensation, Medicare, health insurance, all of that? Because I pay about $1.24 for every dollar in wages and the employee sees about 76 cents on the dollar. So that\u2019s the business data you need, and I think that the Democrat candidates —<\/p>\n

RUSH: Wait a minute. Wait just a second. You raced through that, and this is important, and people have to hear this.<\/p>\n

CALLER: Uh-huh.<\/p>\n

RUSH: I want to repeat this. It costs you $1.24 for every dollar you pay somebody.<\/p>\n

CALLER: Correct.<\/p>\n

RUSH: Now, people are saying, ‘Rush, that doesn\u2019t make sense to me.\u2019 If you\u2019re from Rio Linda, it doesn\u2019t. What it means is, you\u2019re actually being paid the $1.24, it\u2019s just you\u2019re only seeing a dollar of it.<\/p>\n

CALLER: No, they\u2019re only seeing about 76 cents (cross-talk) depending if they\u2019re married or single, but they\u2019re not really seeing the dollar, either, because then you\u2019ve got your federal taxes taken out.<\/p>\n

RUSH: Exactly right. It\u2019s costing you a buck twenty-four to hire them, and they see 76 cents?<\/p>\n

CALLER: Correct.<\/p>\n

RUSH: Of every dollar they earn.<\/p>\n

CALLER: That\u2019s right.<\/p>\n

RUSH: And so what she is asking here is, ‘Are ChiCom workers subjected to the same kind of circumstance?\u2019 Actually, the ChiCom workers don\u2019t make nearly as much as American employees or workers. I hate the word ‘worker.\u2019 It\u2019s a communist word.<\/p>\n

CALLER: Right. But just employees, let\u2019s just call them \u2019employees.\u2019 But since China is getting — I mean, you can\u2019t believe how many jobs they\u2019ve snared from us in the last 20 years since I\u2019ve been in business. It\u2019s incredible.<\/p>\n

RUSH: I know. And they\u2019re putting lead in the toys.<\/p>\n

CALLER: Yeah. Well, we know they\u2019re cutting their costs that way. But, you know, I would really like to know, what is their minimum wage? What is that, and how much is taken out, because they\u2019ve obviously got a winning business plan. So if the Democrats are going to emulate that or whoever, you know, to try and get jobs — I mean, the Democrats are always saying they want to create jobs and everything like that and I don\u2019t think it\u2019s the Chinese government creating the jobs, that\u2019s for sure. It\u2019s entrepreneurs.<\/p>\n

RUSH: Ah, ah, ah, ah, ah, ah, ah. I know the point that you are making, and, in theory, you\u2019re right. But the Chinese government is effectively creating these jobs by opening up their market, which was closed. The biggest problem that the Chinese president has — his name is Hu Jintao — his biggest problem is creating 25 million new jobs every year. That\u2019s how fast his economy is growing.<\/p>\n

CALLER: Wow.<\/p>\n

RUSH: The reason he needs to do that is because he needs to keep the people who don\u2019t live in the cities in China out of the cities. He can\u2019t have them coming to the city. He\u2019ll lose control of his population. Those cities are infested with people now. They\u2019ve got cars, the pollution, it\u2019s a mess. He needs to keep his people that live outside the cities, outside the cities. He\u2019s got to have jobs for them there. So factories are built there to keep them there, and so they are finding a way to create jobs by opening up opportunities for other nations to build factories there. And Hu Jintao is entirely happy with his population earning very little.<\/p>\n

CALLER: Right.<\/p>\n

RUSH: Minimum wage over there is staying alive.<\/p>\n

CALLER: And another question is, what do they tax an American import that comes into their country versus what do we tax their imports coming into this country? What is the import tax on their exported goods coming into this country versus what they\u2019re charging on something we make and send over there?<\/p>\n

RUSH: There\u2019s an inequity in it, the balance of trade is, a big deficit trade with them. At any rate, that stuff theoretically, now, if you leave it alone, it evens out. The problem is the ChiComs are going to leave it alone and we\u2019re not going to leave it alone because we\u2019ve got micromanagers of everything on the Democrat side running for president. You say Democrats want to create jobs, you tell me they want to create jobs. They\u2019re trying to destroy the pharmaceutical industry. You talk about retail, their biggest enemy is Wal-Mart, and they\u2019ve got Big Food now, fast food. I mean, the Democrat Party in this country is setting its sights on industries that are the engine of capitalism in this country, and it is not by accident this is happening.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

RUSH: Barack Ubama has urged Wall Street to protect the middle class. He says a free-market impulse has taken a toll on the middle class. Actually, the free-market impulse has made the middle class. We\u2019ll have details on that. Also, guess who\u2019s back and in the same vein, Former Labor Secretary Robert B. Reichhhhhh-uh. Now, […]<\/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":[1],"tags":[],"yoast_head":"\nRobert B. 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