RUSH: I want to share with you Obama’s flourish yesterday. This was the end of his big speech yesterday on — what was the speech on? What the hell was it about? That’s right, the economy. All of his speeches are about how he’s going to rebuild America and so forth. But this was the flourish.
‘It is that house upon the rock. Proud, sturdy, and unwavering in the face of the greatest storm. We will not finish it in one year or even many, but if we use this moment to lay that new foundation; if we come together and begin the hard work of rebuilding; if we persist and persevere against the disappointments and setbacks that will surely lie ahead, then I have no doubt that this house will stand and the dream of our founders will live on in our time. Thank you, God bless, and may God bless the United States of America.’ The foundation, he wants to redo the foundation. I guarantee you if he succeeds in this, the dream of our founders will have been killed. It will not live on, and that is the precise point. The foundation. That’s what Obama called his soothing talk about gutting and remaking the American economy, built on free markets, built on capitalism, President Obama gently explained how the business model was flawed, that Milton Friedman was a kook, that the greatest economy in history was built on quicksand and knowing that nothing of permanence could be built on quicksand, Obama proposed building a new foundation for our economy, one built on a rock. What rock? Marxism? What rock? Socialism? Hard to say.
All we get is the dreamy, silky speeches that promise a better day. But, my friends, we know what Obama’s economics are built on. We know what his new foundation is. His new foundation is built on money we don’t have. His foundation is built on money created out of thin air and debt. Debt that is an anchor around all of our collective necks, so heavy is the anchor, we, the people can’t move. We’re weighed down by a plan that’s designed to pull off a seismic switcheroo. We’re going for an economy driven by the private sector to one driven by Obama, except we aren’t told that. We’re told the exact opposite. Barack Obama is building a new economy on a foundation of so much debt that he has reached into our children’s and grandchildren’s pockets. They will be born broke. It’s called generational theft. He calls it his new foundation. The foundation is debt, printed money. We know that but we don’t hear that, and that’s because Obama can’t get what he wants by telling the truth. No liberal can.
He got shut down when he told the truth about wanting to decrease charitable deductions. He got shut down when he tried to pass health care costs on to wounded war veterans. ‘But, Rush, but, Rush, Obama didn’t know that was proposed, Obama didn’t know.’ No, of course not. The man who personally ordered Naval SEAL snipers to wipe out three pirates, the man who personally was in charge of the operation doesn’t know what’s going on in his own department of economic advisors, he doesn’t know what’s going on in Homeland Security when they write these ridiculous reports targeting average Americans as right wing extremists, oh, no, no, no, no. Obama doesn’t know that, but he knew every detail and planned every detail, orchestrated every detail of the rescue at sea. He won’t make the mistake ever again of being honest about what he intends, because the times he has been honest, trying to pass health care costs on to wounded war veterans, wanting to decrease charitable deductions, hell was raised. Borrowed and printed money spent on political pork is an investment? Taxes are an investment? I’ve been paying taxes since I was 13. This is probably the first time in my life that I think it’s worthless. I’m spending a lot in taxes. I’m not spending it; it’s being confiscated. I don’t get any perceived value for this, not under this administration, not with what they’re going to do, not with wrecking the very foundation of this country that allowed me and millions of other Americans to prosper. Allowed all Americans to prosper, in fact, to whatever degree they chose.
But I have never felt more like I was throwing money down a bottomless pit. I have never felt more like every tax dollar confiscated is a giant waste in my life, than I feel today. Class warfare? Well, that’s a prelude to fairness. Confiscating money from greedy rich people, handed out to needy poor people who were cheated by the greedy rich folks, nothing more than redistributing income. And that’s fair, too, in the Obama world. Taking over entire industries for their own good because the business owners had been too greedy. Yes, that’s wonderful. That’s going to rebuild America and our economy. That’s just fabulous. Yet the most obvious greed, visible daily, comes from the power-hungry people running our government. If there is greed in our culture, it is every Democrat elected official, and some Republicans, to whom raising taxes and fees — mayor of Washington, DC, wants to raise a fee on stoplights. There’s the greed. The greed is anywhere you have a government, from your local town, to your city, to your state, all the way up to the federal government. That’s like where the greed is. None of the money is theirs. None of these people, together, going to work.
You could put all 535 members of Congress, you put Obama and everybody in his administration, you get everybody in the state, put ’em to work and they could not generate the kind of revenue they are taking from everybody else. They couldn’t produce it. They haven’t the talent; they haven’t the wherewithal; they haven’t the knowledge. Government equals greed today, not the private sector, not individual Americans who are working in their own self-interests to improve the quality of their own lives and thus everybody else’s lives around them. And to call that greed is an affront and an insult to any normal person’s sensibilities, when the greed is clearly totally owned and operated by people in government. There has never been a successful country or business or family built on lies. There has never been so much debt heaped on so many by so few. We, folks, are in the midst of the most gentle, tender, soft-pedaled power grab in history, and it’s being done at the expense of liberty and prosperity, all in the name of expanding both those things.
Individual Americans are going to have to pay Barack Obama’s bill. Some will pay in higher taxes; some will pair in higher prices from inflation; some will pay in higher energy prices due to limited supplies; some will pay carbon taxes; some will pay in lost jobs, but ultimately all of us are going to pay for the greed of Barack Obama, because the solely wholly owned concept of greed can be traced to the Oval Office. Barack Obama himself is the greedy one. Barack Obama could no more produce this country’s GDP to redistribute it himself than anybody else could, yet his sense of entitlement to it, based on his self-perception of superior intelligence and compassion and the power granted him by the Congress and the Constitution allow him — well, it’s actually not granted. They’re just taking everybody’s money, sweetly and gently, for a magic utopia, rebuilt foundation, so gentle, so elegant are these speeches describing how all this is going to happen. And it’s nothing more than liberal selfishness, arrogance, conceit, and greed that drives this man and his administration.
How do we know this? Well, we know this because economic growth does not arise from an economy built on debt, or a devalued currency. Economic growth does not arise from a rapidly expanding government and bureaucracy after bureaucracy after bureaucracy. Ask our bankers, the ChiComs. They’re backing away from buying our debt, as we speak. One banker is less certain by the day we can pay off our debt, and Obama never mentioned the fact that describing the new economy he was building on what he called a rock. The ChiComs look at our economy as a bad investment. I can’t believe I’m saying this, but who should we believe? When the ChiComs look at the United States of America and see not a good investment opportunity, how in the name of Sam Hill can anybody in this country think that what’s going on here is the way to build and grow an economy that has been the envy of the world up until now?