Rush Limbaugh

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RUSH: What I’ve done here, I went back, he made a YouTube speech on January 10th. This was President-elect Obama and if you go back and you listen to President-elect Obama in January of this year selling his stimulus plan to the nation, it is hard to listen to it. Because even then there was time to help the economy and to protect jobs. It’s just five months ago and there was time to make sure that he wasn’t going to do what he ended up doing. It’s hard to listen to this because the opposition should have mounted in all sectors, not just here, at that point. In this address to the nation, President-elect Obama declared that he had assembled a brilliant economic team who had all the answers, and they would turn the economy around with millions of new jobs in every sector, and he said 90% of the new jobs would come from the private sector.

Barack Obama, who has never, and had never, run anything in his life, sounded self-assured — you’re going to hear it, I got sound bites. I went and dug it up — self-assured, calm, smug, proud in this address, proud of his promises, proud of himself. His words would begin the healing, help was on the way. It was five months ago. We can now revisit his speech. We can assess the results. And remember, as a response to this obvious train wreck of a plan, we knew it back then on January 10th and we told everybody within our earshot that this was a train wreck, that this was a disaster waiting to happen, and anybody with a brain and anybody with a modicum understanding or knowledge of history knew that what he was proposing was a disaster, a literal train wreck. And that’s when I wrote my bipartisan stimulus plan presented on January 29th that ended up running as an op-ed in the Wall Street Journal.

Let me take a break here. We’ll come back. I broke this down into six sound bites from the January 10th Obama speech promising nirvana, promising utopia. It’s just fascinating, but it’s difficult at the same time to go back five months and listen, which we will do together when we come back after this brief EIB Obscene Profit Time-Out.


RUSH: You know what one of the things that Newt said last night: Obama has failed. Obama has failed. Remember when I first said I hope Obama fails? Remember how the Republican establishment cringed, ‘Oh, no! No, no, no! Nobody wants that,’ and I made the point in the interview to Hannity last week, ‘What in the world is so difficult to understand?’ Everybody knew, everybody knew what I meant at the time. I wanted what has happened not to happen. When I say I wanted Obama to fail, I meant that I wanted what he’s done not to have happened. I wanted somebody to stop it. He is destroying the US economy.

All of you people who said you want and you hope — on our side, you hope Obama succeeds, is this what you meant? You want a destroyed economy? You want a bleak future for children and grandchildren of parents today? Do you want the United States government running and designing car companies? Do you want this? Do you want two million jobs lost since he took office (1.8 million to be precise?) Do you want an unemployment rate of over 10%? Do you want an economy that some would describe as ‘as bad as the Great Depression’? Is that what you wanted? Because that’s what he succeeded in doing, and that was his plan. Let’s go back and listen to the YouTube speech. By the way, Koko tells me we are encoding yesterday’s first hour, maybe first hour and a half for YouTube. We don’t know how long it’s going to take, but we’re going to YouTube it. We’re going to get it up there. January 10th, YouTube Channel, Barack Obama, president-elect gave his weekly address. Here’s a portion of his comments.

OBAMA: Our first job is to put people back to work and get our economy working again. This is an extraordinary challenge, which is why I’ve taken the extraordinary step of working, even before I take office, with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will call for major investments to revive our economy, create jobs, and lay a solid foundation for future growth.

RUSH: It was an extraordinary plan. He’s exactly right. It was extraordinary in that Pelosi and Reid wrote it. Let us not forget. Harry Reid and Nancy Pelosi wrote his plan. The Republicans were shut out. They were not involved in writing the plan. Nobody read the plan after it was written. Millions of jobs have been lost since Obama’s revival plan was passed, 1.8 million. Is what we’re seeing today what he meant by ‘a solid foundation’? Five months ago, and people five months ago thought that circumstances today would not be what they are — people thought that people were going to be going back to work and that people’s home values were going to rise, and it isn’t happening. Five months ago. Listen to this stuff. (sigh) Here’s the next sound bite.

OBAMA: Families across America are feeling the pinch as they watch debts mount, bills pile up, and savings disappear. These numbers are a stark reminder that we simply cannot continue on our current path. If nothing’s done, economists from across the spectrum tell us that this recession could linger for years — and the unemployment rate could reach double digits.

RUSH: Ha! Ha-ha! You just have to laugh. Once again the straw man, ‘If nothing is done.’ Nobody was saying, don’t do anything. ‘Economists from across the spectrum tell us this recession could linger for years, if nothing is done.’ Well, we did what he wanted to do, and we no longer have a recession. We have people talking about a depression now. Some of his acolytes are saying we’ve bottomed out and we may be seeing the end of things here. But double-digit unemployment is still in the future. ‘Economists from across the spectrum tell us this recession could linger for years. The unemployment rate could reach double digits.’ It has! Not because we didn’t do anything; because Obama inflicted a plan that is causing havoc and destruction on the US economy. Then this next little bite, it’s only four seconds. Listen fast.

OBAMA: It’s not too late to change course, but only if we take immediate and dramatic action.

RUSH: Now, what he was describing was we gotta — again he’s dumping on Bush and dumping on his predecessors. He has made the situation worse. He did not inherit a mess; he has created one. We were not in a mess. It was all trumped up. We didn’t need TARP. It was not that pressing. We didn’t need all these financial bailouts. It would have been very simple to slow the slide. We had a cyclical economy. If you want to bring the economy back, you put more money in the hands of people who make the economy work — and that’s us, the American people, not put it in the hands of bureaucrats from Washington to state capitals all over the country. By the way, Oakland, California, the mayor there, Ron ‘Red’ Dellums thinking of filing bankruptcy in Oakland, California. And, you know, when you’re going to spend stimulus money on local businesses like My Muslim Bakery, is it any wonder that your town’s going to go bankrupt? Once again, a liberal Democrat is running an American city into the ground with the help of Barack Obama’s economic policies. Here’s the next bite. We have three more to go here.

OBAMA: I asked my nominee for chair of the Council of Economic Advisors Dr. Christina Romer and the vice-president-elect’s chief economic advisor Dr. Jared Bernstein to conduct a rigorous analysis of this plan and come up with projections of how many jobs it will create and what kind of jobs they will be. The report confirms that our plan will likely save or create three to four million jobs. Ninety percent of these jobs will be created in the private sector.

RUSH: So smug. He is so smug here. He has doctors working on this? They know how to save the patient? They haven’t saved any jobs; they have destroyed jobs. They haven’t created any jobs; they’ve destroyed them. Ninety percent figure is a joke. But he’s so confident! He had all the answers. He still is, while he is wrecking the economy. ‘[A] rigorous analysis of my plan to come up with the projections of how many jobs it will create and what kind of jobs they’ll be.’ Create or save three to four million jobs? By the way, Bill McGurn, great piece, Wall Street Journal today and a number of other people also have made this point, that this business of ‘saving jobs’ is nothing but a political trick because it can’t be calculated. It has never been calculated officially by any government agency, Labor Department or anybody else. You can’t know. It’s impossible to know. It’s simply a way for the administration to say, even after they’ve lost 1.8 jobs, they’ve saved five. ‘We’re doing so great we’ve saved five million jobs! We mighta lost five but we’ve saved five.’ Actually, we’ve lost 1.8. It’s all a lie. It’s all political BS. It’s Clintonesque. No jobs are being ‘saved.’ Jobs are being lost. He has not created or saved anywhere near three to four million jobs, five months into his plan. Here’s the next bite.

OBAMA: The jobs we create will be in businesses large and small across a wide range of industries, and they’ll be the kind of jobs that don’t just put people to work in the short term but position our economy to lead the world in the long term.

RUSH: ‘Jobs we create.’ Once again smug, false. His plan has destroyed jobs. Caterpillar! Caterpillar is the perfect example. Of all the companies, his plan was supposed to help Caterpillar. ‘Shovel-ready’ jobs! We’re going to start rebuilding roads and bridges. We need heavy equipment people to do that, so we need heavy equipment manufacturers to be working full time to build the equipment that the shovel-ready jobs are going to do. And his little announcement yesterday that we gonna start spending even faster now to create 600,000 jobs immediately, those were all short-term jobs that aren’t going to lead the world in anything. The problem is, we’re heading down the path we’re not going to lead the world in anything. We’re not going to lead the world in technology. We’re not going to lead the world in science. We’re not going to lead the world in medicine if this man gets his way. The Chinese are scared to death about our debt. There’s another story about it today. It’s a mess. Everybody involved knows this is a mess. Party loyalty and the desire for power is compromising honest analysis on the part of millions of official people in Washington who know better than to sit idly by and watch this happen.


RUSH: Last sound bite here from President-elect Obama, January 10th, this was his YouTube address to the nation.

OBAMA: And I am confident that if we come together and summon that great American spirit once again, we will meet the challenges of our time and write the next great chapter in our American story.

RUSH: He’s not confident. People are confusing Barack Obama’s outsized ego for confidence. His ego is such, his own messianic complex is such, he thinks that he can convince us to happily sacrifice and not oppose anything for his abject failure. His abject failure will doom the US economy. Or you might say his success in implementing his plan will lead to failure on our part. So the next chapter is being written. It’s being written in red ink. This smug, inexperienced, egocentric fool has to be stopped. This has to be said now. He’s had five months with no check and no balance on virtually anything he has done. He wanted nothing to do with bipartisanship all of those of you who believed that we were going to get unity. He had all the audiences. He cannot inherit a stimulus bill. He created it. He wanted it. And now our children and grandchildren will inherit Obama’s deficits, high taxes and inflation.

If you listen to how he’s speaking, this is again January 10th, before he was even inaugurated, he speaks as if he’s going through the motions, that his real agenda has nothing to do with improving the economy, and this is what everybody knows. This is what everybody with the guts to admit it knows, that his real agenda has nothing to do with improving the economy, because history is clear on how that’s done, and this isn’t it. He is plowing ahead with his transformation of government regardless of circumstances, including economic conditions. He had an agenda from the day he started running for president and even prior, and whatever circumstances existed in the country were irrelevant. He’s going to implement that agenda, and he’s doing it, and in the process of doing it he is illustrating that his agenda is destructive. He is destroying the greatest engine of freedom that ever exists on planet Earth, and there’s nobody stopping him.

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