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Rush Limbaugh

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RUSH: Chicago, Brian, you’re next with Rush Limbaugh. Hello, sir. Great to have you here.

CALLER: Hello, Mr. Limbaugh. I have a question for you, please.

RUSH: Yeah.

CALLER: When is this government gonna stop punishing us with these low interest rates and let people who have earned and saved their money make some money on it?

RUSH: They’re really trying to hold off on the big killer, inflation. That’s got ’em scared more than anything. And that’s why they’re keeping money cheap. They think that they have to do this to prolong the so-called recovery. Now, when you say stop punishing us, you know, basically free money, low interest rates means that people who live off savings accounts and what have you, are falling behind, correct? Is that what you mean?

CALLER: Well, I see them borrowing like from China and Japan, you know, why couldn’t they issue like war bonds and at least give us a nice interest rate on that, you know?

RUSH: What do you mean war bond? Go and get a T-bill.

CALLER: Yeah, T-bill, anything, I mean he’s just got money sitting there that, you know, the banks —

RUSH: Well, they’re auctioning T-bills off all the time. In fact, the auctions are not nearly as productive as they have been. Some people are concerned not as much debt is being bought.

CALLER: Yeah. It’s just sickening to know that you work hard, you save your money, and then it just sits there and, you know, you see people getting money back for stimulus packages, cash for clunkers, and you don’t see any of it coming back, you know, you —

RUSH: Oh I hear you. But you ain’t seen anything yet. Wait ’til next year when all these massive new tax increases hit.

CALLER: Thank you very much, sir.

RUSH: You bet. It’s going to be a bloodbath out there.

BREAK TRANSCRIPT

RUSH: The White House after a meeting with the president of Russia, Dmitry Medvedev, they held a joint preference. Here is a portion of what Medvedev had to say to kick it off.

MEDVEDEV (via translator): Today I have managed to dine with President Bara’k Obama, an interesting place, which is typical American. Probably it’s not quite healthy, but it’s very tasty and you can feel the spirit of America. But this is not the main thing we were engaged in.

RUSH: Holy criminetly’s sake! Here is a communist Russian complaining about a burger joint! (impression) ‘We dined with President Obama, interesting place, typically American, probably not quite healthy, but very ta…’ What are you drinking, vodka? What do you eat with it? You know when Bush had Putin over here he treated him to a barbecue down at Crawford and Putin had to criticize that. What the hell do those people eat? Are they hoarding all the beluga? You can’t get that anymore. Beluga and following that with their Stoli chasers. What is this? You know, I’ll betcha something. I’ll betcha Obama when he goes back home to the residence is going to be in big trouble because Medvedev let it out of the bag they went to a burger joint. Probably. I’ll bet the Secret Service tattles on Obama when he goes to a burger joint, tells Michelle about it.

BREAK TRANSCRIPT

RUSH: All right, folks, here’s our president this afternoon, listen.

OBAMA: The US economy for a long period of time was the engine of world economic growth. We were sucking in imports from all across the world financed by huge amounts of consumer debt. Because of the financial crisis, but also because that debt was fundamentally unsustainable, the United States is not going to be able to serve in that same capacity to that same extent.

RUSH: So there you have it, President Obama: the United States no longer will be the engine of world economic growth.

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