{"id":31198,"date":"2008-12-18T01:01:01","date_gmt":"2011-05-19T03:00:09","guid":{"rendered":""},"modified":"2011-05-19T03:00:09","modified_gmt":"2011-05-19T03:00:09","slug":"obama_plays_president_select","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/12\/18\/obama_plays_president_select\/","title":{"rendered":"Obama Plays President-Select"},"content":{"rendered":"<section>\n<p>RUSH: This is Obama today at his press conferences where he loves to play president. Jessica Yellin, the infobabe from CNN said, &#8216;You suggest that you are outraged by the Madoff scandal. This year we also saw a meltdown on Wall Street and a crisis in the mortgage industry, which both Congress and our regulatory agencies missed.\u2019 Uh, Jessica, can I ask you a question here? It should properly be said this way: This year, Mr. President-select, we also saw a meltdown on Wall Street and a crisis in the mortgage industry, which both Congress and regulatory agencies CAUSED. &#8216;So do you plan to overhaul the SEC? Was Congress asleep at the switch? And what specific steps will you take to restore the American people\u2019s confidence in the government\u2019s, not just ability, but willingness to regulate the financial industry?\u2019<\/p>\n<p>OBAMA: We have been asleep at the switch. Uhhh, not just some of the regulatory agencies but, uh, some &#8212;<\/p>\n<p>RUSH: Stop the tape here. Cue it back up to the top. &#8216;We have been asleep at the switch.\u2019 Now, for the last, well, how many years, Obama\u2019s been in the Senate. Where was he? Asleep at the switch!<\/p>\n<p>OBAMA: We have been asleep at the switch. Uhhh, not just some of the regulatory agencies but, uh, some of, uhhh, theeeeee, uh, congressional committees that might have, uh, been taking a look at this stuff. We are going to have to greatly strengthen our regulatory apparatus &#8212; <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.Par.89380.ImageFile.jpg\" width=\"300\" height=\"226\" class=\"alignright\"\/>RUSH: Oh, yeah.<\/p>\n<p>OBAMA: &#8212; and update it from what worked for a Twentieth Century financial system so that it works in a Twenty-First Century financial system.<\/p>\n<p>RUSH: Of course!<\/p>\n<p>OBAMA: Now, this will be one of my earliest initiatives &#8212; <\/p>\n<p>RUSH: Yes! <\/p>\n<p>OBAMA: &#8212; and we will be releasing a very detailed plan &#8212; <\/p>\n<p>RUSH: Mmm-hmm. Right.<\/p>\n<p>OBAMA: &#8212; on how we think that, uhh, regulatory upgrade will takes place. It\u2019s premature for me to give you all the details at this point.<\/p>\n<p>RUSH: Because if I did, you would regret having voted for me!<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Barack Obama at his press conference today in Chicago had a question here from Ebony magazine\u2019s Sylvester Monroe: &#8216;Mr. President-select, it seems that there is a crisis in confidence among American people in government, in our financial institutions. What do you plan to do in your administration to work on this crisis of confidence?\u2019<\/p>\n<p>OBAMA: The American people right now are feeling frustrated that there is not a lot of adult supervision out there.<\/p>\n<p>RUSH: There is!<\/p>\n<p>OBAMA: In the political world or in the financial world, there\u2019s a sense that anything has been going on, that whatever is good for me, I do. There needs to be a shift in ethics on Wall Street. Everybody from CEOs to shareholders to investors are going to have to be asking themselves, not only is this profitable, not only whether this will boost my bonus, but is it right? Does it conform to some higher standards in terms of how we operate?<\/p>\n<p>RUSH: Well, I thought this was already done. I thought that his election was going to transform people in this way. So the president of the United States is going to convince everybody from CEOs to shareholders to investors to basically focus on fairness and not profit, because that\u2019s the only way to fix this. We need some adult supervision. We\u2019ve had adult supervision. It\u2019s called Chris Dodd, it\u2019s called Franklin Raines, it\u2019s called Barney Frank, it\u2019s called Jim Johnson, it\u2019s called Nancy Pelosi, it\u2019s called Harry Reid. We\u2019ve had lots of adult supervision here. It\u2019s called Rod Blagojevich. We\u2019ve had a lot of adult supervision here, and they got exactly what they wanted, Mr. President-select. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: This is Obama today at his press conferences where he loves to play president. Jessica Yellin, the infobabe from CNN said, &#8216;You suggest that you are outraged by the Madoff scandal. This year we also saw a meltdown on Wall Street and a crisis in the mortgage industry, which both Congress and our regulatory [&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>Obama Plays President-Select - 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\/2008\/12\/18\/obama_plays_president_select\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Obama Plays President-Select - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: This is Obama today at his press conferences where he loves to play president. Jessica Yellin, the infobabe from CNN said, &#8216;You suggest that you are outraged by the Madoff scandal. This year we also saw a meltdown on Wall Street and a crisis in the mortgage industry, which both Congress and our regulatory [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.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=\"3 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\/2008\/12\/18\/obama_plays_president_select\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/12\/18\/obama_plays_president_select\/#webpage\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/12\/18\/obama_plays_president_select\/\",\"name\":\"Obama Plays President-Select - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/12\/18\/obama_plays_president_select\/#primaryimage\"},\"datePublished\":\"2011-05-19T03:00:09+00:00\",\"dateModified\":\"2011-05-19T03:00:09+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/12\/18\/obama_plays_president_select\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/12\/18\/obama_plays_president_select\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2008\/12\/18\/obama_plays_president_select\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Obama Plays President-Select\"}]},{\"@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":"Obama Plays President-Select - 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\/2008\/12\/18\/obama_plays_president_select\/","twitter_card":"summary","twitter_title":"Obama Plays President-Select - The Rush Limbaugh Show","twitter_description":"RUSH: This is Obama today at his press conferences where he loves to play president. 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