{"id":31940,"date":"2009-03-16T01:01:01","date_gmt":"2011-05-19T02:40:04","guid":{"rendered":""},"modified":"2011-05-19T02:40:04","modified_gmt":"2011-05-19T02:40:04","slug":"suddenly_the_fundamentals_of_the_economy_are_sound_go_shopping","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/03\/16\/suddenly_the_fundamentals_of_the_economy_are_sound_go_shopping\/","title":{"rendered":"Suddenly, the Fundamentals of the Economy are Sound. Go Shopping!"},"content":{"rendered":"
\n

RUSH: Last Friday, when I was out, this is what President Obama\u2019s teleprompter told him to say.<\/p>\n

OBAMA: If we are keeping focused on all the fundamentally sound aspects of our economy, then we\u2019re going to get through this, and I\u2019m very confident about that.<\/p>\n

RUSH: Do you hear that? Friday when I wasn\u2019t here, Obama\u2019s teleprompter told him that the fundamentals of the economy are strong! They told him to say it, and he said it — and then on Sunday, Meet the Press, David Gregory talking to the White House Council of Economic Advisors\u2019 Christina Romer, and he asked, ‘Are the fundamentals of this economy sound?\u2019<\/p>\n

ROMER: Well, of course the fundamentals are sound, in the sense that the American workers are sound, we have a good capital stock, we have good technology.<\/p>\n

RUSH: Whoa! What is this? I go on vacation, all the time the economy rebounds and Obama\u2019s teleprompter tells him so? He was just running down the economy a week ago. ‘It\u2019s going to be bad! If we don\u2019t do this now, we may never recover!\u2019 Remember that? ‘We\u2019ve gotta do all of this now. It\u2019s going to be a long time.\u2019 Gregory couldn\u2019t let Romer\u2019s comment go by. He said, ‘All right, but then what\u2019s different between now and then, when the economy was in even better shape than it is now, when McCain was saying the fundamentals were strong and\u2019 Obama\u2019s teleprompter told him to say no?<\/p>\n

ROMER: [W]hat we\u2019re saying is … that the… ummm … you know, where we are today is, um, obviously not good. Um, we have a plan in place to get to a good place! I think that\u2019s the — the crucial — ah, uh, uh — a fundamentally crucial difference, is to make sure that you have put in place all of the comprehensive programs that\u2019ll get us back to those fundamentals.<\/p>\n

RUSH: Wait a minute. The fundamentals…? See, the fundamentals were stronger back during the campaign than they are today, and McCain said that and he got beat up over the head. Back August 21st in Chester, Virginia, at John Tyler Community College, Obama had a town hall meeting on the economy, and this is what his teleprompter told him to say.<\/p>\n

OBAMA: I guess if you think that bein\u2019 rich means you gotta make $5 million, and if you don\u2019t know how many houses you have, then it\u2019s not surprising that you might think the economy was fundamentally strong!<\/p>\n

RUSH: So back then, on August 21st, Obama\u2019s teleprompter told him to make fun of McCain \u2019cause McCain was saying the fundamentals of the economy are strong. Then, throughout the campaign and through his immaculate inauguration, the immaculation, he kept running down the economy. ‘It\u2019s hopeless! If we don\u2019t do this now we may never recovery,\u2019 all that rot, and then last Friday, when El Rushbo was on the charity circuit, Obama\u2019s teleprompter told him that the fundamentals of the economy are sound. By the way, my offer to debate Barack Obama\u2019s teleprompter is still open. I know that the White House has sort of thrown cold water or ice on this, but I just want everybody to know that my offer for the president to bring his teleprompter here to the EIB Network so I can debate the teleprompter is ongoing. By the way, Christina Romer back on Meet the Press, David Gregory says, ‘Final point here. What is the responsible thing for consumers to do at the height of this global crisis?\u2019<\/p>\n

ROMER: I think we know that consumers have lost a lot of wealth and that normally what you\u2019d say is they should be saving more. I think the truth is consumers have also not done a lot of spending for the last 14 months. So what I would predict and I think would be a perfectly reasonable thing is you go out and you buy that car that you\u2019ve been thinking about for 14 months and you do some of the spending.<\/p>\n

RUSH: Oh! Oh! Oh! I\u2019m feeling like a heart attack, and I\u2019m not in traffic. Oh! They\u2019ve been telling us all of our lives we\u2019re not saving enough. Now they\u2019re saving. There\u2019s even a big news story in Newsweek: We\u2019re saving too much! Your saving is causing the economy to collapse. And now Obama says, the fundamentals of the economy are so strong (his teleprompter said so) and then Christina Romer says, ‘Go buy the car!\u2019 But there\u2019s no credit. What are we supposed to buy the car with when we\u2019re bailing out our neighbor\u2019s mortgage, Christina?<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Last Friday, when I was out, this is what President Obama\u2019s teleprompter told him to say. OBAMA: If we are keeping focused on all the fundamentally sound aspects of our economy, then we\u2019re going to get through this, and I\u2019m very confident about that. RUSH: Do you hear that? Friday when I wasn\u2019t here, […]<\/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":"\nSuddenly, the Fundamentals of the Economy are Sound. 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