RUSH: Richard in Henderson, Kentucky, I’m glad you called, sir. This is the EIB Network, and it’s great to have you with us.
CALLER: Yes. Yes, Rush, how you doing?
RUSH: Fine, sir. Thank you.
CALLER: Good. Rush, that is just absolutely brilliant.
RUSH: Well, thank you. Thank you, sir. I appreciate that.
CALLER: I’ve been listening to you since about 1988, and that is one of the most brilliant ideas you’ve ever had.
RUSH: What do you do like about it?
CALLER: Well, I think just like you said, it would prove which one of the stimuli would work better. And of course I agree with the conservative side, versus the government spending the money. It just makes perfect sense, but I don’t think they’ll do it, though.
RUSH: Of course not, they won’t do it; but I want the proposal to get out there, because this is genuinely bipartisan.
CALLER: Yes. Yes, it is.
RUSH: And this proposal contains something that every American voter supports.
RUSH: One way or the other.
CALLER: Yes, it does.
RUSH: It also contains some things that every American voter opposes, but that’s bipartisan. Compromise, right?
RUSH: They want us to compromise, to get along, to put aside the acrimony. Well, this is it!
CALLER: That’s right. That’s right. That’s right. Rush, there’s another aspect of it, too — and I know you’ve talked about it before, is some kind of a national sales tax or something to tap the underground economy. What about these millionaire drug dealers when they go to buy their fancy gobs or their $200,000 cars or whatever. Why can’t the government tap some of that money that’s underground?
RUSH: Well, I don’t know… Oh, drug dealers, when they buy their fancy cars. Well, that’s criminal money, and of course if that money is discovered, then the feds go in and try to take it all, plus the yacht that was purchased and so forth.
RUSH: I don’t want to get bogged down on specific kinds of tax cuts. This is not the point. We would put those together. This is a blueprint. This is sort of like a white paper ready to go. But tax cuts, primarily corporate and capital gains. We’re talking about creating jobs in a recession — and the real estate market is in some trouble, so we’ll have some real estate tax relief as well there. But I don’t want to get bogged down in what kind of taxes, because I don’t want to get into an argument on flat tax and this sort of thing. Not right now. This is a stimulus plan to deal with a recession, and not only deal with this one. But for once and for all with every American watching, a way to demonstrate the best way to deal with the next recession that happens, ’cause there is going to be another. There always will be.
RUSH: Micah in Rushmore, Minnesota, nice to have you on the EIB Network. Hello.
CALLER: It’s an honor, Rush.
RUSH: Thank you, sir.
CALLER: Yeah, if I may be so bold to offer an amendment to your stimulus package, to really prove which system works better or the what the downfalls of each one are, the monies need to be divided up by state. You know, red states, blue states, they get the plan accordingly.
RUSH: Nope. This is about America. I said in the proposal: The economy is not conservative or liberal. Jobs are not liberal or conservative, Republican or Democrat. We need jobs in this country. People are out of work, and they’re looking. A thousand people at Starbucks, 5,000 people at Microsoft, 10,000 people at Home Depot. We need jobs. I don’t know what the hell building a school is going to do to create a job at Home Depot or get a job back at Starbucks, but I do know what tax cuts might do. Cut their corporate tax rates! Cut the capital gains tax rate! Cut the investment tax rate. Cut all these business taxes and watch jobs come back all over the country. No, we’re not going to do that. This is about genuine leadership. This is not about partisan politics. This is the only bipartisan proposal that is out there.
There is no other bipartisan proposal that exists, and I mean this from the bottom of my heart. Obama’s plan is not bipartisan. His version of bipartisan is when Republicans are in a meeting and agree with the Democrat plan. Nancy Pelosi’s definition of bipartisan is when Republicans are in the meeting. They don’t even have to say anything. If they’re in the meeting, it’s ‘bipartisan.’ My definition of bipartisan is, bi-partisan. No amendments. It doesn’t need to be changed. The tax cuts that are in it could be tweaked, but they are going to be business-oriented. The whole point of this is: Let Obama spend his money the way he wants, side-by-side with our tax cuts. Well, spend his portion of the stimulus plan. Five hundred sixty billion is what he would get of the one trillion; we would get $460 billion. Our money would be in the tax cuts, $460 billion, side by side.
We implement both sides. We see which one works so that the next time we have a recession we don’t have to go through this division and rancor and partisanship because the economy is about people; the country is about people. I want people working. I want this to be a great country. I want it a productive country. I want people doing what they love. I want people with the opportunity to amass prosperity for themselves and their families. I don’t want panic. I don’t want crisis. I want a great country, which requires great individuals. Great individuals need to be told they’re great sometimes. They need to be inspired to do great things. Not everybody is a self-starter. It’s time, ladies and gentlemen, to put all this acrimony aside. The economy should not be about partisan politics. It’s time to stop the acrimony. It’s time to start solving our problems together. There’s no reason to wait another day for this!