{"id":34955,"date":"2010-03-22T01:01:01","date_gmt":"2011-05-19T01:15:12","guid":{"rendered":""},"modified":"2011-05-19T01:15:12","modified_gmt":"2011-05-19T01:15:12","slug":"the_american_private_sector_has_been_targeted_for_destruction","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/03\/22\/the_american_private_sector_has_been_targeted_for_destruction\/","title":{"rendered":"The American Private Sector Has Been Targeted for Destruction"},"content":{"rendered":"
\n

RUSH: Jack, Hot Springs, Arkansas, great to have you on the EIB Network. Hello.<\/p>\n

CALLER: Hello, Rush. I finally got through. Rush, I\u2019m a retailer since 1965. I\u2019m in my fourth store right now, and I have lost five good quality American companies and three of the companies have written me letters saying they\u2019re closing their doors because they cannot compete with imports from China. My question is, why in the world can\u2019t we get somebody in our government with all of these Obama lackeys that will figure out how to bring jobs and manufacturing back to America by perhaps increasing the duty on imports and tariffs. It\u2019s terrible. We\u2019re supporting the Chinese, and we\u2019re losing millions of dollars and millions of jobs in this country.<\/p>\n

RUSH: Have you heard of something called the national debt?<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: Do you know who owns most of it?<\/p>\n

CALLER: Well, sure.<\/p>\n

RUSH: Well, there\u2019s your answer. They run us.<\/p>\n

CALLER: Yeah.<\/p>\n

RUSH: And they want a growing economy. That\u2019s why they\u2019re not going to go into any pollution emission controls. The ChiComs, if we say, ‘We\u2019re going to slap tariffs on you,\u2019 they\u2019ll say, ‘Okay, go ahead, we\u2019ll just stop doing business with you altogether and, by the way, we\u2019ll call in your loan, or call in some of the debt.\u2019<\/p>\n

CALLER: Well, Rush, I\u2019ll tell you what, and you\u2019ll appreciate this. A quick comment. And you never heard this, it was never reported by the media because the media weren\u2019t there. I was in grad school in 1961 in Arizona. Barry Goldwater came to speak to us, about 450 of us. Large old auditorium, no air-conditioning, the windows were open, doors were open, when he was speaking, the only light was the light on his lectern where his notes were. A moth, a large moth came in there, attracted by the light, and it was distracting. He brushed it away a couple of times. Finally, that moth landed right on Goldwater\u2019s notes, and he picked it up by the wings and threw it on the floor and stepped on it. He said, ‘Those damn Democrats have spies everywhere.\u2019 He brought the house down.<\/p>\n

RUSH: (laughing) I was wondering where you were going with this.<\/p>\n

CALLER: I was in there with grads from all over the country, all political backgrounds, and he had everybody right in the palm of his hand.<\/p>\n

RUSH: He\u2019d be in jail today for doing that.<\/p>\n

CALLER: Anyway, Rush, I appreciate —<\/p>\n

RUSH: I\u2019m not trying to avoid your question. Look, you\u2019re in business, you know that markets always seek the lowest labor costs they can. We don\u2019t have any leverage with the Chinese. Zilch. Zero. Nada. They\u2019re in bed with the Iranians, too.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: No, I wasn\u2019t trying to treat the previous caller with a lackadaisical attitude. You could cut corporate tax rates to help domestic corporations, you can do any number of things. What I shoulda said, in addition to the fact we have very little leverage with the ChiComs, the dirty little secret is President Obama doesn\u2019t care. Look, I want to keep my tone measured here because I do want this to be heard as rationally as I\u2019m saying it. The objective is to inflict harm on the private sector of this country. It is the purpose. Companies closing down, canceling their manufacturing base because they can\u2019t compete with ChiCom labor, no big deal to Obama, doesn\u2019t bother him. As far as Obama\u2019s concerned this country\u2019s got a lesson to learn. This country has gotta learn that it can\u2019t run around the world and bully and steal from everybody else. We gotta get cut down to size. We gotta learn what living in pain is really like, the same kind of pain Obama believes this country has caused other people, including other Americans. No, this is get even with the country time. The more pain, the better, as far as he\u2019s concerned because that\u2019s more chaos. <\/p>\n

Is there anybody out there who thinks the stimulus plan worked? Is there anybody who thinks it is working? Okay. No, of course not. Well, that\u2019s what this health care bill needs to be compared to. Anybody think this is gonna work? Did the TARP thing work? No. Didn\u2019t work. Plain as day. Now, Snerdley just said, ‘Okay, All-Knowing, I got a question for you. Since the Democrats have passed this, doesn\u2019t that mean the end of that page in their playbook where for everything going wrong in the country they can bring up all these sob stories filled with people who say, ‘I lost my health care and I lost my job and I lost my car.” It doesn\u2019t mean the end of that at all. They gave us Medicare to fix a problem, and guess whose fault it is now? It\u2019s the doctors, it\u2019s the insurance companies. They gave us Social Security, and guess whose fault that is? This is what I said earlier in the program. The day is over. This is why we need genuine conservatives running for office. The day is over where they get all the benefits of these entitlements in terms of attitude but they don\u2019t pay any price for it. They deserve to own all of the breakage. They have broken all of these things. They own it. And we need to have people start saying so, other than on the radio. <\/p>\n

So this isn\u2019t gonna work. There are going to be sob stories left and right. There are going to be people who don\u2019t get health care, they\u2019re premiums are going to go too high, there are going to be people denied coverage, and even though it\u2019s the Obama government that\u2019s going to be responsible for all that, they\u2019re going to still bring these people up because we\u2019ll need to fix the legislation even more. Oops, you know what? We need to take care of this so this doesn\u2019t happen to any more American families. They\u2019ll use the sob stories to expand and build on this. They\u2019re not through here. But as long as they got the media on their side, they always get the benefit of creating these things. It\u2019s the line I always use: They don\u2019t want to be judged on their results. They only want to be judged on their good intentions. Well, it\u2019s time they owned the results. It\u2019s time we force the ownership of the results and the breakage and the failure of all of their programs on them. Nothing\u2019s going to change. Liberals are liberals, Snerdley. <\/p>\n

They\u2019ve broken it even further here. There\u2019s going to be more pain. There are going to be more people that don\u2019t get treated. There are going to be more people that are refused treatment now because of rationing, and it\u2019s going to be because of them. But guess what? It\u2019s not going to be the responsibility of whatever government bureaucrat or bureaucracy makes the decision that somebody doesn\u2019t get treated. It\u2019s gonna be we\u2019re spending too much on defense, the Republicans didn\u2019t join us on this, we didn\u2019t get all the help we needed to fix this, obviously we didn\u2019t fill all the holes, we need to come back for more. They never change. That\u2019s why they\u2019ve got to be defeated. That\u2019s why they\u2019ve gotta be hassled and hounded and run out of office with relentless pursuit starting in November. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Don in Plant City, Florida. Great to have you on the program, sir. Hi.<\/p>\n

CALLER: Rush, we absolutely love you and that includes my family from the People\u2019s Republic of Massachusetts. But, Rush, I gotta tell you. I didn\u2019t call DC this morning. I called my broker, and I think as the producers of this country, I just told him, ‘We can drain the swamp. I don\u2019t want to be a shareholder in GE if they\u2019re going to back Obamacare. I don\u2019t want to be a shareholder in Microsoft or Disney or the Teamsters. I\u2019d rather own shares of FedEx.\u2019 So I\u2019d ask the producers of this country, the people that have the money, don\u2019t call DC, call your brokers and sell the shares. And if Obama\u2019s going to fund this, I want 10%, I\u2019m going to be my own little bond vigilante, but I\u2019m not going to let him steal my money.<\/p>\n

RUSH: Interesting idea. You\u2019re actually going to defund all these portfolio —<\/p>\n

CALLER: Why not, Rush? You know, it was the liberals that said, ‘Divest yourself of South Africa. You don\u2019t like the politics in South Africa, don\u2019t own any companies in South Africa.\u2019 Well, I don\u2019t like these politics. I don\u2019t like GE\u2019s, I don\u2019t think Microsoft\u2019s, I don\u2019t like Apple\u2019s, I don\u2019t like Goldman Sachs\u2019. I like FedEx. I don\u2019t like UPS and the Teamsters. And, you know what? I\u2019m not going to buy bonds, state bonds in New York, paying me nothing. I\u2019m going to be a bond vigilante. And people, don\u2019t call DC, call your brokers, call Fidelity, your 401(k) money and do something about it. Get his attention. He took credit yesterday, Rush. He said the stock market is stable. Yeah, with our money! I don\u2019t mean to yell.<\/line><\/line>RUSH: No. The stock market is stable because it\u2019s the only place where there\u2019s real economic activity going on. There\u2019s no real economy in the country anymore to invest in right now. No, it\u2019s an excellent idea. I do remember those days, gotta divest from South Africa, any American company doing business in South Africa, we gotta divest. And I remember those days well because the Democrats were in a race with each other to see who could get us out of the world the fastest on that basis. But I saw a story, and I didn\u2019t print it out because I didn\u2019t think I would need it today, I think it\u2019s a Bloomberg story — if not I\u2019ll find it and get it right — it\u2019s all about how you get a greater return on your investment if you buy bonds from Warren Buffett than if you buy bonds from Obama.<\/line><\/p>\n

CALLER: Exactly. Exactly. Exactly. And we can get his attention. And we can get all of their attention in DC, everybody, don\u2019t call DC, call your brokers. Shake \u2019em to the core.<\/p>\n

RUSH: (laughing) That would be funny if that happened, GE — in fact, GE\u2019s running all these Ronald Reagan commercials over the weekend because Reagan used to be one of their spokesman. I thought, ‘Wow, why are they doing that now?\u2019 I mean, \u2019cause they are in the tank for Obama on this cap and trade and the energy business. Anyway, thanks much for the call.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Jack, Hot Springs, Arkansas, great to have you on the EIB Network. Hello. CALLER: Hello, Rush. I finally got through. Rush, I\u2019m a retailer since 1965. 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