RUSH: Let me grab a quick phone call before we go to the break. It’s Patricia in Wilmington, North Carolina, nice to have you on the EIB Network. Hello.
CALLER: A pleasure to speak to you, Rush.
RUSH: Thank you.
CALLER: First of all on Obama, this is a guy that when the market tanked the first time he laughed, and someone must have told him to knock it off because it didn’t look good. My husband said, ‘How dare that arrogant son of a gun laugh when people are losing their investments?’ But to see him the way I see him is he’s going to get even with us. Those of us who have worked, saved our money, retired in comfort and taught our kids that this is the way to do it, he’s going to get even with us.
RUSH: Well, I don’t remember him laughing.
CALLER: Ohhh, he laughed. Yes, he did.
RUSH: Well, what was the…? Give me the specifics of this.
CALLER: The first time that the market tanked.
CALLER: Shortly after he took over as president, the market fell. And it seemed like every time he spoke the market fell, and he came out and they said, ‘Well, what do you think about the market?’ He says, ‘Well, I can’t really worry about that, you know, because —
RUSH: Oh, okay —
CALLER: — the market goes up and the market goes down.’
RUSH: Oh, yeah. Yeah. We don’t pay attention to the market —
RUSH: — every day in putting our policies together. Yeah, yeah, yeah.
CALLER: Exactly, yes.
RUSH: Okay you’ve nailed it. You are a sitting duck. You’re a target. You’re a retiree. You’ve got some money, and in his view, you unfairly got it. Look, I keep saying it. Repetition is sometimes necessary, however. If you want to understand economics as practiced under Obama you just have to understand his objective is return the nation’s wealth to its, quote, unquote, ‘rightful owners,’ and the rightful owners are union members and the poor, the nonproducers. In his view, they’ve all been shafted. That’s why they don’t have any money. They’ve been shafted by the people that do have the money. You know, there’s an element of this, too, folks, that is personal that I have not expressed it to you before. You may have heard it from somebody else; I don’t know.
Obama, if you look — and there have been recent stories about how his family lived way beyond its means, even before the books were published and the royalties came in, that they were second mortgaging their house and borrowing. Remember Michelle running around making speeches how hard it was to make ends meet, $10,000 for piano lessons and all that during the campaign. All of these liberals have somehow gotten away over the years with convincing people the last thing they care about is money, and I think they care about it more than anybody. All these charities, these nonprofits, they care about money as much as anybody. They just act like they don’t. The nonprofits, the whole term ‘nonprofit’ is to make you think they don’t care about money, that they’re into just good works.
But obviously they can’t do their good works without somebody giving them money. But I think if you look at the trail you must follow to end up in some form of government service, there’s no question that for the vast majority of people in it your trail takes you through Ivy League schools — Harvard being the preferable one, then Yale, and then the rest them, Cornell, Brown. Not to leave anybody out, these are ivy leagues. But these people come out of there… They go in arrogant. They go in as we’re the smartest people in the world because we got in here. They come out of there even worse. And I think they have and they hold a deep resentment for people whom they consider to be half as smart and half as educated, having much more money that they have.
So I think there’s a personal element to this in addition to an ideological element of wanting to return the nation’s wealth to its rightful owners. I think there’s a deep-seated resentment on the left for the rich except their own rich, and I think that these people in government think tanks… Well, not so much think tanks but the bureaucracies of government who have all of this education, were making a G-13 salary. Those who have it come from family wealth and inherited it, and they look around and they see Fred Slobodnik, who started from nothing with a widget factory in Oshkosh, who’s got what he’s got.
And they look at Fred Slobodnik as an absolute idiot, somebody they’d be embarrassed to be in the same room with. He’s 25 times as financially successful as they are, and it rubs ’em wrong. I’m guessing here, but I think Obama is one of these type people. How much did community organizing pay him? It’s whatever you could steal, right? Well, whatever you could siphon from whatever donations were coming in. How much did it pay? How much did being a law professor at the University of Chicago pay? It didn’t. He had to get help from Tony Rezko to buy a house. He had to get his wife a-no-show job at a Chicago hospital until the book royalties came in. It’s just my two cents, but usually my two cents are worth a hundred bucks. Never forget that.