{"id":31615,"date":"2009-01-30T01:01:01","date_gmt":"2011-05-19T02:45:33","guid":{"rendered":""},"modified":"2011-05-19T02:45:33","modified_gmt":"2011-05-19T02:45:33","slug":"obama_owes_america_an_apology_for_his_lies_about_the_us_economy","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/","title":{"rendered":"Obama Owes America an Apology for His Lies About the US Economy"},"content":{"rendered":"
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RUSH: President Obama should apologize. This is getting out of hand. Remember yesterday I was talking about I guess all week long, the immorality of this so-called stimulus bill, the Porkulus bill; the fact that so many elements of this — from the contents of the bill to the way it\u2019s being sold to the way it\u2019s not being reported by the media — is just morally wrong. You know, I watched again today. An MSNBC infobabe interviewed Tony Blankley. She had no clue what he was trying to say, no clue what he was talking about. She was a total Obama apologist, total anti-Bush. She doesn\u2019t have any idea what is in this debacle! She doesn\u2019t care. <\/p>\n

Other Drive-Bys are trying to make it seem as though they do know what\u2019s in it. Let\u2019s take a look at the GDP number that came out today. The GDP number shows that the fourth quarter was down 3.8%, right? Now, for the longest time, we\u2019ve been hearing that we\u2019re in ‘the worst economic crisis since the Great Depression.\u2019 The Great Depression was 1930s. So that\u2019s 70 years ago. Now all of a sudden, Obama said this morning that the economy in the fourth quarter GDP number was as bad as it\u2019s been in three decades. Now, he said that to confuse his own voters. He shoulda said 30 years. Wait a minute! Thirty years and 70 years is a big difference. <\/p>\n

Do you know what the GDP, you know what happened to it in 1982? That was Ronald Reagan\u2019s second year in office. The GDP for 1982 was minus six-point-something percent, almost twice what the fourth quarter was in 2008. Not only is this economy right now nowhere near as bad as the Great Depression, it\u2019s nowhere near as bad as the recession of 1982 when we were coming out of Obama One, also known as Jimmy Carter. I\u2019ll tell you what our gross domestic predict is going to be minus 6.8 or seven or whatever, and I\u2019ll tell you when the misery index is going to get back up to 21% — and that\u2019s two years after Obama is out of office in 2012. <\/p>\n

You give him four years with nobody to stop him, and we\u2019re going to end up like 1982. We are not there now, and this is a lie that is being perpetrated. It is a myth that is being sold. It happened on CNN last night on Campbell Brown\u2019s show: No Bias, No Bull. Campbell Brown had as a guest a CNN business correspondent by the name of Ali Velshi. Campbell Brown said: ‘This quote from, Rush Limbaugh today that\u2019s getting a lot of attention, The Wall Street Journal: ‘Tax cuts are the surest and quickest way to create permanent jobs. We know that when tax rates are cut in a recession, it brings an economy back.” Now, listen to the business correspondent of CNN in full-fledged ignorance mode.<\/p>\n

VELSHI: This is not the economy that Ronald Reagan ever saw! We have not seen anything like this in our lifetime. Anybody who tells you this is how it works, is lying. We don\u2019t know how it works. We have never seen anything like this before.<\/p>\n

RUSH: Mr. Velshi, you are incompetent. You are a disservice to your business, except you fit right in at CNN. Disinformation, character assaults. This economy is nowhere near as bad as it was in 1982. In fact, Mr. Velshi, the entire economy, the GDP rose 1.3% for all of 2008! It was down 3.8% in the fourth quarter, but it grew 1.8% the whole year. Now, Mr. Velshi, after calling me a liar — and I\u2019m not even a business reporter, but you pretend to be — in 1986, GDP was down over 6%. We were in a recession. What was the centerpiece of Mr. Reagan\u2019s economic recovery plan, Mr. Velshi? Let me spell it for you: T-A-X [space] C-U-T-S. In fact, Mr. Velshi, you may not have seen anything like this before, but I have. I\u2019ve seen worse. I lived through worse! <\/p>\n

When Ronald Reagan took office in 1981, the top marginal tax rate, Mr. Velshi, was 70%. When Ronald Reagan left office in 1989, the top marginal tax rate was 28%. The only way you can say the tax cuts didn\u2019t lift us out of a recession is if you want to lie like Bill Clinton did and claim that the eighties were the worst economy in the last 50 years, but you go back and you look at the prosperity that was created by these tax cuts throughout this country, look at the prosperity that was created through the nineties that Bill Clinton got to claim the credit for. But aside from all that, to go on a cable news network and call me a liar while you are as factually incorrect as you could possibly be? <\/p>\n

If somebody was trying to get Ali Velshi fired at CNN, this is the kind of script that they would write for him to say. The problem is that nobody at CNN knows that he doesn\u2019t know what he\u2019s talking about. I wonder what Mr. Velshi thought when he got up today and saw the story. He probably didn\u2019t see it. He probably didn\u2019t see the story that the whole economy was up 1.8% in 2008, and he probably didn\u2019t see the news that 1982 GDP was minus 6.8%. We\u2019ve never seen anything like this, not even the Great Depression? Never seen anything like this? Make a mistake, Mr. Velshi, feel free. Don\u2019t call me a liar. Here\u2019s Obama at the White House this morning. Big Labor audience is announcing Joe Biden as the middle class czar, or some such thing. (interruption) What? What are you saying to me? You\u2019re not saying anything to me. My staff is livid. They\u2019re in there mouthing their disgust, and I think they\u2019re talking to me. Here is Barack Obama speaking to a group of union leaders about his new White House Task Force on Middle Class Working Families.<\/p>\n

OBAMA: I\u2019m pleased that the House has acted with the urgency necessary in passing this plan. I hope we can strengthen it further in the Senate. What we can\u2019t do is drag our feet or delay much longer. The American people expect us to act, and that\u2019s exactly what I intend to do as president of the United States.<\/p>\n

RUSH: Mr. Obama —<\/p>\n

OBAMA: But passing my plan is not the end. <\/p>\n

RUSH: Wait, wait, wait. Hold it! Hold it!<\/p>\n

OBAMA: It\u2019s just the beginning of what we have to do. <\/p>\n

RUSH: Oh, he stopped. I thought it was the end of the bite. I\u2019m sorry. My mistake. I was too eager to put this in context. As Peggy Noonan wrote today: There\u2019s no sense of euphoria in this country after this thing was passed by the House, is there? In fact, the Democrats are mad. The Democrats are mad they couldn\u2019t get any Republicans to go along. Why do they care? Some Democrats are suggesting, ‘Well, just cut the Republicans loose. Just cut \u2019em loose.\u2019 Exactly right! You don\u2019t need the Republicans to get any of this shambles done. Cut \u2019em loose. Why do you care that no Republicans are on board? I\u2019m just fascinated to read all these Democrats and all these media people worried about the future of the Republican Party, \u2019cause they don\u2019t get it and they\u2019re not on board. The future of the Republican Party is in resisting this destructive debacle, this Porkulus bill. That\u2019s the strength of the Republican Party. Now, let\u2019s see, let\u2019s see, blah, blah, blah, blah, blah. We have more from Obama. I forgot the main point I was going to make when I interrupted him when I thought the bite was over. Oh, ‘Passing my plan is not the end. It\u2019s just the beginning of what we have to do.\u2019 Exactly right! I told you yesterday, they didn\u2019t think FDR spent enough in the early years of the Great Depression. Here\u2019s more Obama from the same setting.<\/p>\n

OBAMA: We have to reverse many of the policies towards organized labor that we\u2019ve seen these last eight years, policies with which I\u2019ve sharply disagreed. I do not view the labor movement as part of the problem. To me, it\u2019s part of the solution. We need — (applause) We need to level the playing field for workers and the unions that represents their interests, because we know that you cannot have a strong middle class without a strong labor movement.<\/p>\n

RUSH: All right. Let me address this before we go to the break here, because this is more just flat-out BS. ‘Over the last 100 years, ladies and gentlemen, the middle class…\u2019 This is what Obama said today. ‘Over the last 100 years, the middle class was…\u2019 Actually, this is Biden too. They\u2019re going back and forth, but they\u2019re on the same message, but this quote actually comes from Biden: ‘Over the last 100 years the middle class was built on the back of organized labor. Without their weight, heft, and their insistence starting in the early 1900s we wouldn\u2019t have the middle class we have now, in my view.\u2019 This is Biden on CNBC yesterday. <\/p>\n

Does anybody know what\u2019s factually wrong with that? Union membership is 12% and plummeting, until this election. The middle class is not Big Labor! The middle class is not organized labor. Their numbers are dwindling, membership numbers. Then Biden went on to say, ‘So I think labor getting a fair share of the pie is part of it.\u2019 So the stimulus plan\u2019s going to go to labor? It is, and it\u2019s going to do it in punitive ways. Now, since organized labor represents a small fraction of the workforce in this nation and much of it is in government jobs… Do you know how many organized labor jobs there are in government? How can it be said that they represent the middle class? They may be part of it, but they are not the middle class. <\/p>\n

What\u2019s happening here is more Obama dumbing down the English language, dumbing down what it means to be in the middle class — and people like Ali Velshi at CNN fall for this kind of stuff hook, line, and sinker. What Obama is talking about with his organized labor, ‘Middle Class Task Force,\u2019 is nothing more than his constituent groups: Big Labor, wacko environmentalists, the poor, the slackers, the demanding, the people who aren\u2019t accomplishing anything the people who don\u2019t have any ‘skin in the game\u2019 who are demanding benefits galore, health care and all of that. There\u2019s no middle-class tax cut in his bill, after promising 95% of Americans a tax cut. <\/p>\n

There is no middle-class tax cut in his bill. He can say there is but there\u2019s not, \u2019cause he doesn\u2019t cut the personal income tax rate! He\u2019s giving welfare checks, but he\u2019s not cutting the personal income tax rate. Meanwhile, small businesses not only are ignored. Small businesses once again are portrayed as the enemy, and they are going to be the fertile hunting grounds for further unionization when Obama keeps going. This is all smoke and mirrors trying to redefine the middle class. The middle class today is nothing more than the constituency groups: the ACORNs, the community organizers, the Code Pinks. The unhappy, miserable rabble-rousers that make up the core constituency groups — angry women, the feminazis — that\u2019s what middle class is now: traditional Democrat voters. <\/p>\n

And that is what the White House Task Force on Middle Class Working Families is all about: buying votes continually from this group of people while claiming that we care about the middle class and the people that are being so left out of all of this, because these evil Wall Street titans and their bonuses and their jets and their redecorated bathrooms! Then he\u2019s got his army of dumbed-down, ignorant reporters and so-called experts all over the Drive-By Media reporting every lie, every bit of misinformation he can –and then when people point out the truth in the lies of what Obama is saying, then these people then go out and attack those of us who are the agents of truth. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Here is President Obama today lying about the United States economy. This is this morning in the White House and his new White House Task Force on Middle Class Working Families.<\/p>\n

OBAMA: Today we\u2019ve learned that our economy shrank in the last three months of 2008 by 3.8%. Uh, that\u2019s the worst contraction in close to three decades. This isn\u2019t just an economic concept; this is a continuing disaster for America\u2019s working families. The recession is deepening, and the urgency of our economic crisis is growing.<\/p>\n

RUSH: Now, three decades is 30 years, is 1978. ‘The 3.8% annualized drop in the fourth quarter of 2008 marked the weakest quarterly showing since a 6.4% annualized plunge in the first quarter of 1982 when the country was suffering through a severe recession.\u2019 GDP shrinkage worse than since 1982. They\u2019ve been telling us we have the worst economy in the last 50 years, the worst economy since the Great Depression. It was worse in 1982! And it was precisely a program of tax cuts — and you know what else that was demonstrated? We were able to cut taxes, reduce the deficit starting a couple years after the tax cuts went into play, about 1985 when the deficit started — and, in addition to that, we did this without inflation, which stunned all the Keynesians, by the way.<\/p>\n

John Maynard Keynes and Keynesian is simply: Just spend as much federal money as you can print if you\u2019ve got a problem, on roads and bridges and whatever. Supply side is Reaganism. So Obama is out there with 3.8%, and he\u2019s now saying it\u2019s — the exact quote — ‘the worst contraction in close to three decades.\u2019 Regardless, ladies and gentlemen, the president of the United States is trash-talking the United States economy, for his own benefit, for the benefit of his party. As I wrote my Wall Street Journal op-ed yesterday: We don\u2019t have to trash talk the economy. We don\u2019t have to depress the hopes and the dreams of the American people. We don\u2019t have to get up and tell \u2019em, ‘My God, it\u2019s going to be worse than we even knew,\u2019 even though the only upside is I predicted this all during the campaign and all during the last couple months of the year. ‘You watch,\u2019 I said. ‘They\u2019re going to get in power, and they\u2019re going to discover, ‘Why, it\u2019s worse than we even knew! Look what was held back from us. Look what we didn\u2019t know,\u2019 blah, blah, blah, blah, blah.\u2019 So there you have it — and there is no sense of euphoria. The American people are not buying this, are they? You have any sense that they\u2019re all revved up about the Porkulus bill?<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Anyway, I want to revisit this economic news because it\u2019s crucial. The president is lying to the American people about the status of our economy. He is trash-talking it. It is a disservice to the American people, to depress them. He was elected on ‘hope.\u2019 He\u2019s depressing their hopes. I\u2019m going to repeat this for those of you who need it. For 2008, the economy was up 1.3%. Economic growth was 1.3% throughout 2008. The figure today everybody is harping on is the fourth quarter GDP, which was down 3.8%. But they\u2019ve been telling us that this economy is the worst since the Great Depression. However, in 1982 the first quarter, the first three months of 1982 the GDP was minus 6.8% — much worse than it is today. <\/p>\n

And here\u2019s another little interesting tidbit. In 2001, the year George Bush took office, the economy expanded at less than 1%, 0.8%, total economic growth, 2001. Last year, 2008, the economy grew 1.3%. You could say, looking at the whole year, that last year, 2008 was better economically than 2001. That\u2019s not 30 years. It\u2019s not Great Depression. Stop trash-talking the economy, Obama! Stop using people\u2019s emotions to further your political ambitions. This administration is telling you that you are — we are all — worse off than we are, for their own personal political gain. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: President Obama should apologize. This is getting out of hand. Remember yesterday I was talking about I guess all week long, the immorality of this so-called stimulus bill, the Porkulus bill; the fact that so many elements of this — from the contents of the bill to the way it\u2019s being sold to the […]<\/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-31615","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nObama Owes America an Apology for His Lies About the US Economy - 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:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Obama Owes America an Apology for His Lies About the US Economy - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: President Obama should apologize. 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This is getting out of hand. Remember yesterday I was talking about I guess all week long, the immorality of this so-called stimulus bill, the Porkulus bill; the fact that so many elements of this — from the contents of the bill to the way it\u2019s being sold to the […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/#article","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/"},"author":{"name":"admin","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"headline":"Obama Owes America an Apology for His Lies About the US Economy","datePublished":"2011-05-19T02:45:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/"},"wordCount":2778,"commentCount":0,"image":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/","url":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/30\/obama_owes_america_an_apology_for_his_lies_about_the_us_economy\/","name":"Obama Owes America an Apology for His Lies About the US Economy - 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