{"id":29783,"date":"2008-07-08T01:01:01","date_gmt":"2011-05-19T03:40:04","guid":{"rendered":""},"modified":"2011-05-19T03:40:04","modified_gmt":"2011-05-19T03:40:04","slug":"why_nations_subsidize_oil_growth","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/07\/08\/why_nations_subsidize_oil_growth\/","title":{"rendered":"Why Nations Subsidize Oil: Growth"},"content":{"rendered":"
\n

RUSH: Father Paul in Dallas, Texas. Hello, Father.<\/p>\n

CALLER: Yes, hi, Rush. I\u2019m a Catholic priest here in Dallas, and what you said about Gregorian chant, I thank you personally and on behalf of Pope Benedict. He\u2019s promoting Gregorian chant, too.<\/p>\n

RUSH: Well, thank you, sir, I appreciate that.<\/p>\n

CALLER: Hey, Rush, what you said about India and a subsidy on gas and it being removed over there, I was talking to a parishioner down in Mexico, he said that in September the government of Mexico is removing their subsidy, and then when I heard what you said about India, it starts to make sense that the other countries are going to feel the same pain we\u2019re feeling, so it\u2019s a reason for hope.<\/p>\n

RUSH: Well, why these governments were subsidizing gasoline purchases for their citizenry is interesting. They were doing it for growth. The Indians want massive economic growth. They\u2019ve got a lot of people to feed and take care of. The ChiComs, the same thing. The ChiComs don\u2019t care a whit about global warming or anything else, they just want to grow. And something crucially relevant to understand about the ChiComs and the Chinese premier is that is his job, his primary responsibility right now is creating 25 million new jobs a year and he\u2019s gotta do this outside of the cities. The cities are already teeming with people. ChiCom major cities are overrun. If those people that live out in the countryside throughout China decide to come to the cities for their jobs, he\u2019s got a big problem. He\u2019s not going to be able to control it, he\u2019s not going to be able to keep the communist sickle poised as easily. He\u2019s gotta keep them out there, and for that they were subsidizing gasoline. And now with the prices going where they are, they can\u2019t afford it. So they\u2019re going to end the subsidies gradually, which is causing less usage by the subsidized customers, the citizens, which is relaxing pressure on supply now, and I\u2019m just positing that as a possibility why the crude oil price is down about ten bucks from its all-time high. I haven\u2019t checked it in the last half hour to see what\u2019s happening. And Mexico, as you pointed out, Father, the same thing, Mexico City, they were subsidizing gas, two bucks, and Americans are driving across the line to buy gasoline, and they did this not because they\u2019re nice people. I mean, they wanted economic growth. Which reminds me of something else when we get back.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: As usual, half my brain tied behind my back just to make it fair. So let\u2019s talk a little bit more about these gasoline subsidies that governments around the world are using to facilitate their citizenry being able to get around and create economic growth. I mean, just stop and think of that for a second. I\u2019m not advocating subsidies. I\u2019m talking about the whole subject of growth here. They have a population which is in most cases very poor compared to ours, and yet they need growth, the governments need growth. They\u2019ve got to feed these people. They have got to keep these people fed. They\u2019ve got to have jobs for them otherwise you\u2019re going to have anarchy. And so one of the ways they\u2019ve done this is to subsidize gasoline, but up \u2019til now, the price has gotten so high that they\u2019re removing all or part of the subsidies. I wish I could remember the exact figure, but I think in India, as recently as a month ago, a gallon of gas was 80 cents. Now, don\u2019t quote me on that. I can find it, it\u2019s just my memory is not clear on the exact number. But it\u2019s cheap, nowhere near the worldwide street price, and the same thing in China and the same thing in Mexico. Why were they doing it? They weren\u2019t doing it out of benevolence. <\/p>\n

These governments weren\u2019t looking at the poor and saying, ‘Oh, we\u2019re going to help you.\u2019 They needed growth, and the fuel price, the use of energy is fundamental to growth. These people had to be able to move around. They had to be able to have enough money left over to buy products in stores, grocery stores, what have you, be it in India, be it in China, be it in Mexico, wherever it was happening. So the lesson learned is that you cannot separate fuel price from growth. You cannot separate energy from growth. Now, it\u2019s all fine and dandy to start talking about alternative fuels and windmills and all these wonderful pie-in-the-sky dreams, that ain\u2019t going to have any effect today, we may as well not do it, right, Senator Obama? We may as well not even start these new technologies \u2019cause it\u2019s going to be decades before they come online and mean anything significant. Of course, that\u2019s not the way we do things. We start a process, we give it a shot, entrepreneurs, as opposed to government make these kinds of things work, and yet here in this country, nobody\u2019s talking about subsidizing gasoline, but at the same time the Democrat Party is opposed to everything that would make energy cheaper! <\/p>\n

India just raised the price to 70 cents per liter, so it was less than that. And even at that, it\u2019s still being heavily subsidized. So $2.66 a gallon is what Indian citizens are paying for a gallon of gasoline, and that\u2019s an increase over what it was because it\u2019s gotten to the point the governments can\u2019t afford the large subsidies. Well, this is going to cause a downturn in usage, and it\u2019s gonna relieve some of the pressure on supply. The whole lesson to learn here is, when entities, bureaucratic governmental entities realize that growth is necessary, they realize that energy must be affordable and it has to be as cheap as it can be for people. The Democrat Party is the party in this country opposing that very concept. Which is why this is a gold mine year for the Republican Party. How can a party whose essential belief is that this is a nation in a state of decline and deserves to be in a state of decline, by the way, because the rest of the world justifiably hates us because they justifiably recognize we have stolen all of their resources, that we have sent our armies and our Air Force all over the world and we have killed innocent civilians, of course the rest of the world should hate us, because so many leftists hate us for the very same fallacious reasons. So we owe a debt and we need to pay a price. We need to be in a state of decline. We need to learn what our imperialism has forced other people around the world to experience and live. <\/p>\n

This is the Democrat Party today. This is the American left. They smile when you suffer, because they think it will mean electoral success for them. But in the real world, how can a party identified proudly as a party that believes in a state of decline and thinks this country deserves it, have a chance at anything? <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Father Paul in Dallas, Texas. Hello, Father. CALLER: Yes, hi, Rush. I\u2019m a Catholic priest here in Dallas, and what you said about Gregorian chant, I thank you personally and on behalf of Pope Benedict. He\u2019s promoting Gregorian chant, too. RUSH: Well, thank you, sir, I appreciate that. 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