RUSH: Somebody needs to ask Obama — I know it’s not gonna happen — but some press person needs to say, ‘Mr. President, what exactly have you done to foster and support private sector growth? Can you name one thing, Mr. President, you have done that has caused private sector growth?’ I’m sure he’d say health care, but it’s not true. Obama said all that about the US can no longer pull the train for the world economy, he said all that yesterday while he was pushing for Russia and Putin to get into the World Trade Organization. Putin, Russia, those are the kind of people Obama wants to lead the world economy. Not us. And at the same press conference yesterday, Obama bowed to Putin’s puppet — this Medvedev guy — more than he’s bowed to everybody, and he’s a master of ‘
OBAMA: We’ll put in place the toughest consumer financial protections in our history while creating an independent agency to enforce them. Through this agency we’ll combine under one roof the consumer protection functions that currently are divided among half a dozen different agencies. Now there will be one agency whose sole job will be to look out for you.
RUSH: That’s already being done. Ted Baxter’s already doing that, Barack. Ted Baxter’s already looking out for us. I don’t want the government looking out for me in this kind of way. ‘We’ll put in place the toughest consumer financial protections in our history while creating an independent agency to enforce ’em.’ Independent? It’s going to be part of the regime! ‘Through this agency we’ll combine under one roof the consumer protection functions that currently are divided among half a dozen different agencies. Now there will be one agency whose sole job will be to look out for you.’ Fox News already has that wrapped up, eight o’clock every night, looking out for you. By the way, here’s Mark Knoller. This is a question that Obama got before leaving for Toronto. Mark Knoller, CBS Radio White House correspondent.
KNOLLER: Can you get the bill to the Senate?
OBAMA: You bet.
RUSH: You bet. Can you get the bill to the Senate? You bet. No question about it. Here’s Timmy Geithner. This is yesterday, an interview with the BBC.
GEITHNER: I think the world understands now that the world — growth in the future around the world can’t depend as — on the United States as much as it did in the past. So for the world to grow together, you’re going to have to see more growth in the other major economies, too, not just in the emerging markets, which are very strong now in the United States.
RUSH: Okay, growth in the future, around the world can’t depend on the United States as much as it did in the past. We’re admitting it. The regime’s leaders are admitting we’re not going to be an economic engine of growth. Obama said it yesterday. This is how he said it.
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 —
OBAMA: — the United States is not going to be able to serve in that same capacity to that same extent.
RUSH: Yeah. What he’s saying is you have so much consumer debt that you’re not going to be able to expand your lifestyles anymore, you’re not going to be buying a bunch of products because we’re not going to let you. That’s what the financial reform bill is all about. We’re not gonna let you do too much consuming. Besides, you’re not going to have enough money to do any consuming because we’re going to raise everybody’s taxes. And therefore there won’t be any private sector economic growth, and therefore there will not be any engine of economic growth that is the United States of America. Ain’t going to happen. Get used to it. This is what the American people voted for 18 months ago. Now, this next is appalling and it is groveling at its most abject. This is Obama at the press conference with Dmitry Medvedev. Just listen to this. Sound bite number 11.
OBAMA: The generation that stood together as allies in the Second World War, the great patriotic war in which the Russian people suffered and sacrificed so much.
RUSH: To call World War II the great patriotic war, which is what Stalin called it, we call it World War II. The great patriotic war. It is groveling, it’s just appalling. Carter may have kissed Brezhnev on the cheek. Obama is kissing Putin’s butt with that press conference. Folks, this is abominable.