{"id":34391,"date":"2010-01-11T01:01:01","date_gmt":"2011-05-19T01:30:17","guid":{"rendered":""},"modified":"2011-05-19T01:30:17","modified_gmt":"2011-05-19T01:30:17","slug":"the_obama_economy_is_a_purposeful_and_planned_disaster","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/","title":{"rendered":"The Obama Economy is a Purposeful and Planned Disaster"},"content":{"rendered":"
\n

RUSH: Christina Romer. There\u2019s a story here in The Politico. ‘Christina Romer, chairwoman of the White House Council of Economic Advisers, said Sunday that President Barack Obama was ‘subdued\u2019 and ‘disappointed\u2019 upon learning of Friday\u2019s jobless number and that the administration favors further government action.\u2019 Of course he does, because he\u2019s not ‘subdued\u2019 and he\u2019s not ‘disappointed\u2019! This is the plan. You don\u2019t do this accidentally. You don\u2019t do what Obama\u2019s doing out of naivete. You don\u2019t do this mistakenly — and if you are mistaken about it, you realize much sooner than now that it\u2019s a mistake and you reverse it. You don\u2019t double down on it. <\/p>\n

”The sense that we need to do more is overwhelming,\u2019 Romer told George Stephanopoulos on ABC\u2019s ‘This Week.\u2019 ‘We know there are things that have been working in the Recovery Act that are expiring, like some of the provisions for longer unemployment benefits.” That\u2019s creating jobs? There\u2019s nothing about extending unemployment benefits that\u2019s going to create one job. Obama has the bankers up there. He\u2019s demanding that they lend, and some of the bankers (I\u2019m told) in the meeting said, ‘Mr. President, small businesses are not asking us for money. They don\u2019t want to borrow. You\u2019re talking to the wrong people. They\u2019re not interested in borrowing — and you know why, Mr. President? ‘Cause they don\u2019t know what the rules of the game are going to be. They don\u2019t know if your health care is going to pass. They don\u2019t know if cap and tax is going to pass. They don\u2019t know if tax increases will pass.<\/p>\n

‘They have no idea what their expenses are going to be, government expenses,\u2019 meaning tax increases, ‘and further regulation. That\u2019s why they\u2019re not borrowing.\u2019 It\u2019s why they\u2019re not hiring. Obama knows this. All those jobs summits, ladies and gentlemen, at the White House? They were just academic displays, tricks designed to make people think action was being taken. Listen to this quote from Christina Romer: ‘Romer said the country is ‘on a path of steady progress\u2019: ‘The real question is going to be: Is it going be strong enough to really add a lot of people back into employment, and that is what we\u2019re focusing on. … I think we are getting closer to stability in employment. The next step is, obviously, to finally start adding jobs. … The big variable in all of this is the private sector. The government has been doing a lot to hold up demand — the Recovery Act has been incredibly important in that regard.\u2019 This woman knows better, too, by the way. She knows that everything she\u2019s saying here is BS. <\/p>\n

The big variable in this is the private sector? The big variable in this is the private sector if they would simply get out of the way, stop punishing people for engaging in entrepreneurism and for succeeding in the process. Just get out of the way. What have you done? The private sector is the big variable here? What have you done to the private sector, Ms. Romer, besides target it? I don\u2019t know. Here, let me tell you this. The first year of Obama\u2019s presidency, he focused on what he cares about most, and that was him. This year he says he\u2019s gonna focus on what you care about, which is global warming. (laughing) No. He says he\u2019s gonna focus on jobs. Do you want proof, ladies and gentlemen, the government cannot jump-start the economy? I mean, it\u2019s all in front of you. It\u2019s out there, 12 months of it to see. How many stimuli did we do last year and the year before? We did a bunch. They haven\u2019t done a thing. The whole concept of ‘saved jobs\u2019 is BS. What have they done? Nothing. Aside from the Economics 101 of it and the math of it…<\/p>\n

I mean you cannot take $50 trillion or $50 billion, any amount of money out of the private sector then put it back in and say you\u2019re stimulating something. You\u2019d have to infuse money that\u2019s not already there. And there\u2019s no money to do that. You have to print it, you have to borrow it, or you have to tax it and then put it back. This is an old shell game; it\u2019s an old trick. It\u2019s designed to enhance the growth of government. But the proof is right there in the latest unemployment numbers — and I don\u2019t mean the 10% unemployment, which is an obvious disaster, and I don\u2019t mean the 17% real unemployment. That\u2019s an obvious disaster. But here are two numbers from last Friday\u2019s jobless numbers: Construction unemployment is 22.7%. It\u2019s 22.7%! Now, remember, the stimulus was for ‘shovel-ready jobs;\u2019 Roads, bridges, schools, all this infrastructure stuff. Construction unemployment is almost 23%. Government worker unemployment is at 3%, 3.6, less than 4%.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: The AP is admitting here it didn\u2019t work but then, hey, they say let\u2019s try it again. They outline in this piece that the stimulus money that\u2019s been spent so far has had no effect on jobs, none. Not anywhere. The veil is off. They\u2019re no longer pretending that there are jobs created or saved. Now, here is how the story starts: ‘Ten months into President Barack Obama\u2019s first economic stimulus plan, a surge in –‘ and it\u2019s not Bush\u2019s. It\u2019s Obama\u2019s. ‘– spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an AP analysis has found. Spend a lot or spend nothing at all, it didn\u2019t matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama\u2019s argument that more road money would address an ‘urgent need to accelerate job growth.”<\/p>\n

All they can talk about from the stimulus that\u2019s been beneficial is the extension of unemployment compensation benefits. So, you know, the real question there, folks, is how come despite the vast amount of history that\u2019s available to all of us, all of the smart, so-called smart educated business and economic people, hard evidence, examples of failure and successes, charts and graphs, data out the wazoo, we still seem to be confounded by the elementary process of creating and keeping jobs. Why is this? Why is the blueprint for coming out of the circumstance we\u2019re in, the 1980s, JFK in the 1960s, why is it ignored? And why is this, government spending, constantly looked at as a panacea when it isn\u2019t? And the answer is it\u2019s not looked at as a panacea. The people in charge of doing this know exactly what they\u2019re doing. They\u2019re weakening the private sector for a host of reasons that we\u2019ve mentioned. I\u2019m going to get blue in the face here, repetitive. Just don\u2019t doubt me. It\u2019s being done on purpose and the reasons are all recounted in various multiple monologues at my website, RushLimbaugh.com. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Christina Romer. There\u2019s a story here in The Politico. ‘Christina Romer, chairwoman of the White House Council of Economic Advisers, said Sunday that President Barack Obama was ‘subdued\u2019 and ‘disappointed\u2019 upon learning of Friday\u2019s jobless number and that the administration favors further government action.\u2019 Of course he does, because he\u2019s not ‘subdued\u2019 and he\u2019s […]<\/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":"\nThe Obama Economy is a Purposeful and Planned Disaster - 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\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"The Obama Economy is a Purposeful and Planned Disaster - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Christina Romer. There\u2019s a story here in The Politico. ‘Christina Romer, chairwoman of the White House Council of Economic Advisers, said Sunday that President Barack Obama was ‘subdued\u2019 and ‘disappointed\u2019 upon learning of Friday\u2019s jobless number and that the administration favors further government action.\u2019 Of course he does, because he\u2019s not ‘subdued\u2019 and he\u2019s […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/\",\"name\":\"The Obama Economy is a Purposeful and Planned Disaster - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#primaryimage\"},\"datePublished\":\"2011-05-19T01:30:17+00:00\",\"dateModified\":\"2011-05-19T01:30:17+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Obama Economy is a Purposeful and Planned Disaster\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#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":"The Obama Economy is a Purposeful and Planned Disaster - 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:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/","twitter_card":"summary","twitter_title":"The Obama Economy is a Purposeful and Planned Disaster - The Rush Limbaugh Show","twitter_description":"RUSH: Christina Romer. There\u2019s a story here in The Politico. ‘Christina Romer, chairwoman of the White House Council of Economic Advisers, said Sunday that President Barack Obama was ‘subdued\u2019 and ‘disappointed\u2019 upon learning of Friday\u2019s jobless number and that the administration favors further government action.\u2019 Of course he does, because he\u2019s not ‘subdued\u2019 and he\u2019s […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/admin.rushlimbaugh.com\/#website","url":"https:\/\/admin.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125107.Par.89380.ImageFile.jpg"},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/","name":"The Obama Economy is a Purposeful and Planned Disaster - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#primaryimage"},"datePublished":"2011-05-19T01:30:17+00:00","dateModified":"2011-05-19T01:30:17+00:00","author":{"@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/11\/the_obama_economy_is_a_purposeful_and_planned_disaster\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"The Obama Economy is a Purposeful and Planned Disaster"}]},{"@type":"Person","@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/admin.rushlimbaugh.com\/#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\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/34391"}],"collection":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/comments?post=34391"}],"version-history":[{"count":0,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/34391\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media?parent=34391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/categories?post=34391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/tags?post=34391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}