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RUSH: I want to give you an interpretation of this. Chuck Schumer (imitating Schumer) ‘Oh, the lowly mortgage, who would have ever thought that the lowly mortgage has brought us to the brink of financial ruin?\u2019 Now, obviously the lowly mortgage didn\u2019t do this. People did. But what does it sound like? Keep in mind who Chuck Schumer is, liberal Democrat. You know how you could also interpret that? This is the problem with people owning things. This is the problem with people having property. Who would have ever thought that the great right to private property would have brought us to the brink of financial collapse? The only way we can fix this is for the government to own everything. Don\u2019t laugh, Snerdley, and don\u2019t act like I\u2019m a nut because they already are going to own the mortgage business, full-fledged ownership of the mortgage business. (interruption) I know it\u2019s not the mortgages that are problematic. I\u2019m telling you, it\u2019s just like the mortgages got together and decided — because they didn\u2019t like the people the way they were bundling the mortgages, the mortgages said, ‘Screw you. I\u2019m going to ruin your financial system.\u2019 The mortgages started sending e-mails and text messages to each other.<\/p>\n
RUSH: Now, the mortgage, the lowly mortgage. If you\u2019re having trouble understanding this, let me give you a comparison. The mortgage is today\u2019s SUV. They\u2019re going to wipe it out. It kills people, it\u2019s destroying the planet. The SUV single-handedly bringing about global warming. The lowly mortgage, single-handedly. Well, it was a conspiracy of mortgages. But they got together and they decided to bring the US financial system to its knees. Now, obviously mortgages can\u2019t do this on its own, but you aren\u2019t responsible enough to borrow from the right people, you\u2019re not responsible enough to pay back the loans, they\u2019re shifting the blame here to you, folks. The blame is totally on them. They lent money to people that had no chance of paying it back. They didn\u2019t even ask people what their income was on some of these loans for mortgages, and now they\u2019re going to do a 180. See? You just can\u2019t handle this. You can\u2019t handle life, you can\u2019t handle these serious responsibilities, taking on debt and paying it back in time. We\u2019re just going to have to own your house.<\/p>\n
Again, this is not going to be proposed in any legislation any time soon. But remember, in 1996, when I told you, when I first heard the Sierra Club, that first little hint that the SUV was going to be a target and I told you about it, you remember what you thought. You thought I\u2019d gone off the deep end. Even after at that time, eight years of unbridled accuracy, you still doubted me. Don\u2019t doubt me on this. You know that liberals don\u2019t like you owning and having control over that much of your life. And you look at what this financial thing is accomplishing for them. They\u2019re in charge and they\u2019re the ones that broke it! And now they\u2019re telling you, you broke it, the capitalist system broke it, capitalism can\u2019t be counted on because you are too incompetent to assume the responsibilities of life, and now you have wrecked the financial system. The lowly mortgage. He\u2019s not blaming the lenders. They\u2019re his buddies.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: I want to go back and make one more point here about Chuck-U Schumer, his opening statement before the banking committee Hindsight Hearings today.<\/p>\n
SCHUMER: My colleagues and fellow Americans, we live in amazing and dangerous times. Who would have thought that the lowly mortgage, long regarded as the safest of investments, could bring our financial system to its knees. But that is where we are.<\/p>\n
RUSH: All right. Yeah. Okay. So, ‘We live in dangerous times,\u2019 and it\u2019s true. We have Islamofascists blowing up a Marriott hotel over in Pakistan. We\u2019ve got acts of terrorism. We\u2019ve got the Russians who are helping the Iranians build an anti-missile system. We have the Russians sending jets down to Venezuela and Hugo Chavez, and we\u2019ve got the Chinese (the ChiComs) doing the same thing, and Chuck Schumer is afraid of… the lowly mortgage. Chuck Schumer is afraid of documents! Chuck Schumer, afraid of something that can, in the end, be shredded. But he\u2019s not afraid of Islamofascism or any other thing. By the way, Steve Gilbert, Sweetness-Light.com: ‘Where Do the Democrats Get Their Talking Points?\u2019 You know, they\u2019re all on the same page here. ‘Save Main Street, not Wall Street,\u2019 Main Street not Wall Street. The Communist Party USA put out a statement yesterday, headline: ‘Save Main Street, not Wall Street.\u2019<\/p>\n
It has a couple phrases in here that you have heard various Democrats. It won\u2019t be long before Ahmadinejad\u2019s using this. He\u2019s already pretty close to the Democrat talking points. He\u2019s blaming ‘military engagements\u2019 around the world for our economic problems, and so is Obama. (laughing) I needed some laughs today, and I\u2019ve had it — and you haven\u2019t even heard Biden yet. Wait \u2019til the monologue segment the next hour, folks. This is better than any comedy routine you can see in Vegas. I don\u2019t think it\u2019s going to run as long. They\u2019re going to have to do something here. It\u2019s almost like this is being done on purpose, although I don\u2019t think it is. This is why I wanted Biden, why I prayed, I begged, I cajoled — and they gave us Biden, and you\u2019ll hear why laughter and mirth are the order of the day here at the EIB Network in the next hour. ‘Call Congress today, tell them no blank check for Wall Street,\u2019 National board, Communist Party USA. The Democrat Party is getting its talking points from the Communist Party USA.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: I want to give you an interpretation of this. Chuck Schumer (imitating Schumer) ‘Oh, the lowly mortgage, who would have ever thought that the lowly mortgage has brought us to the brink of financial ruin?\u2019 Now, obviously the lowly mortgage didn\u2019t do this. People did. But what does it sound like? Keep in mind […]<\/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,"footnotes":""},"categories":[],"tags":[],"class_list":["post-30467","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n