{"id":28159,"date":"2008-01-18T01:01:01","date_gmt":"2011-05-19T04:20:34","guid":{"rendered":""},"modified":"2011-05-19T04:20:34","modified_gmt":"2011-05-19T04:20:34","slug":"bush_proposes_stimulus_plan","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/01\/18\/bush_proposes_stimulus_plan\/","title":{"rendered":"Bush Proposes Stimulus Plan"},"content":{"rendered":"
\n

RUSH: The president had a little press conference today and announced a stimulus package, $145 billion consisting primarily of tax cuts. H.R., I was having trouble, so much going on in here, did he propose a specific dollar amount rebate? Because the word was floating around before he spoke it was going to be 800 bucks per man, woman, and child. I have a Wall Street Journal story on it here, but they don\u2019t recount that. They just give the highlight of the cost of the thing, $145 billion. They did make a pitch for keeping tax cuts permanent beyond 2010. Actually, the $145 billion is tax relief. This is one of the things that very rarely happens. Normally, when people start proposing or talking about stimulus plans — I have just one question. Okay, so we\u2019re supposedly heading into a recession. I want to tell you, the numbers are not there yet, folks. There aren\u2019t any numbers for recession yet. I\u2019m not predicting there is going to be or not, but the numbers are not there in this recession business. <\/p>\n

We\u2019re living here in a sort of surreal universe where the whole concept has been created with daily reports by the Drive-Bys coupled with the fluctuations going on in the markets on Wall Street. So everybody\u2019s convinced, and you combine that with the subprime crisis and so forth, and people are convinced that we\u2019re either in one or it\u2019s going to happen. So voila, what do we do? We start talking about stimulus packages. My reaction to this is, if we have the ability, which we don\u2019t, by the way, that\u2019s another point for a moment later. If we have the ability to stimulate the economy with packages like this, why don\u2019t we do it every damn day and make sure there\u2019s never a recession? Why didn\u2019t we do this six months ago to keep this day from ever coming? It\u2019s because we can\u2019t. Government can\u2019t. The market\u2019s too big, it\u2019s too complex. It\u2019s the same thing with trying to control global warming. The climate\u2019s too complex, so here\u2019s what we got. The administration\u2019s gotta talk with the people in Congress, and Harry Reid, there was a conference call yesterday, it was hilarious. Harry Reid and Pelosi, others in the congressional leadership on the phone with Bush and his team at the White House, and Reid blew up. <\/p>\n

Dingy Harry blew up on the phone because Bush was going to go ahead and do this and propose something without getting a deal with Congress first, i.e., he was going to go and be unipartisan instead of bipartisan, and Dingy Harry didn\u2019t like that. He started screaming on the phone, from what we\u2019re told, and had to be calmed down by other Democrat leaders on the conference call. Bush today just mentions it, says, ‘I had a productive call yesterday with members of the congressional leadership and I was happy they shared their ideas with me.\u2019 I can just see this little gnome, Dingy Harry, on the phone yelling and screaming as it\u2019s reported. So what do you have with these things? Well, on one side you got plan A, stimulus package, on the other side you get plan B. Plan A has never worked. Plan B always does, when you try it. If you want to give a boost to the economy, whether it\u2019s needed or not, you would think the answer would be obvious, do plan B. Plan B\u2019s the one that always works. My friends, this is an election year. Plan A doesn\u2019t work, but it gets votes. That\u2019s the problem. Plan A, just give money away. As Fred Thompson said, just send helicopters out and drop crash in all your neighborhoods. <\/p>\n

Now, will we do plan A or plan B? It depends upon if you\u2019re serious or if you are a politician. Plan A, pass out a few bucks, walking-around money to every voter, every household. It\u2019s never worked. Plan B, boost economic activity, produces growth, cut taxes, make tax cuts permanent. Plan B is what President Bush proposed. Now, I\u2019m being cautious here because I don\u2019t know if he or some in his administration later on are going to propose elements of plan A to go along with plan B. The saddest part of all this is that everybody knows that plan B is the way to do it, but many in Congress are going to reject it as vigorously as they reject victory in the Middle East. I just want to remind you, probably blowing against the wind here, but the numbers that signal recession aren\u2019t there yet, and it\u2019s going to be months before they are. I\u2019m not going to call a recession. I don\u2019t know. But I just know that we\u2019re not in one now. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Philadelphia and Josh. You\u2019re next, sir. Hello. Josh, are you there?<\/p>\n

CALLER: Yeah, I\u2019m here. How are you?<\/p>\n

RUSH: I\u2019m fine, sir. Thank you.<\/p>\n

CALLER: So I was just wondering about the Bush tax rebates, I guess. I was just wondering how does he plan to do it?<\/p>\n

RUSH: I don\u2019t know that he\u2019s going to do it. I haven\u2019t heard that there are going to be any rebates in this. There was a lot of news before he spoke today that there are going to be $800 rebates, but his speech did not talk about that, he just talked $145 billion dollar stimulus panel. Do you know, by the way, a little observation, that Bush\u2019s $145 billion stimulus package is more than the two stimulus packages offered by Hillary and Obama combined? Josh, are you there?<\/p>\n

CALLER: I\u2019m here. Sorry. Yeah, I was just wondering, like, how does he plan to do it, by printing more money or does he plan on doing it through the actual tax cuts? Because the way I understand economics is if he prints more money, then doesn\u2019t that cause inflation, which would actually be a detriment to the economy. I mean, I\u2019m all for tax cuts, but it just seems to —<\/p>\n

RUSH: That\u2019s a good question. I don\u2019t know if we print more money or just get it from our loan reserves or call the ChiComs for it, maybe the Saudis. We have plenty of places we can go to get it. You know, there is an economic stimulus plan C. I erred when I said there\u2019s only plan A and plan B. Plan A, give everybody a little money; give every house a little money. Yeah, yeah, yeah, election year especially, works really great. Plan B, stimulate the economy, tax cuts, making tax cuts permanent beyond 2010. Plan C, don\u2019t do anything. Plan C is not on the table. But it is an option. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: The president had a little press conference today and announced a stimulus package, $145 billion consisting primarily of tax cuts. H.R., I was having trouble, so much going on in here, did he propose a specific dollar amount rebate? 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