RUSH: I’m actually beginning to think that we are about to be led — and in certain ways we are already being led — by genuinely insane people. Nancy Pelosi referred to the House of Representatives as the barbershop when talking about cutting auto execs down to size. ‘That’s why they call us the barbershop.’ You come in here and you get a trim. And there are going to be a lot of people needing haircuts and maybe even some close shaves at the House barbershop. The woman’s a lunatic. We all know that Harry Reid’s not all there. It’s incredible. And now this in Chicago? The Chicago thugs, and now there’s Fitzgerald. I listened to him a little here during the break. Fitzgerald is asking the public to report any corruption they find. Hey, Pat, you have to expand your office to the entire hotel where the Obama transition team is, you have that many people showing up to report corruption. He actually said, ‘If you hear somebody talking about pay-go,’ meaning offering a bribe or demanding a bribe, ‘you come tell us.’ He said, (paraphrasing) ‘Indictments and arrests and convictions, sure, that can help a little bit but we’re not going to wipe out all the corruption in this town simply in my office,’ or something like that. And he said the depth, the breadth of the corruption here is unimaginable. No, it’s totally imaginable. It’s happening right before our eyes in Washington, DC.
What the hell else would you call the nationalization of the auto industry? For crying out loud. What would you call all of it? You know another joke today? Henry Waxman conducting hearings on what went wrong at Fannie Mae and Freddie Mac, and the guilty culprits are up there and they’re being asked to explain things, and you know softball questions, softball answers. Nothing’s going to happen here except that Waxman is gonna be able to say that he looked into it and the mess is now cleaned up. The dirty little secret is — in fact, I’ve got a story here from the Washington Post. ‘Internal warnings sounded on loans at Fannie and Freddie. Executives were told of the subprime risk.’ I was right. I am right. Risky loans offered by Fannie Mae would generate more risky loans throughout the industry, is what senior executives were warned years ago, that they were offering mortgages that could pose dangers to the firm, hurt borrowers, and generate more risky loans throughout the industry.
There’s also a Drive-By Media story today of shock and dismay that people who were bailed out, when they were about to be foreclosed on are still not making their mortgage payments, and they can’t figure this out. They are mystified as to how this is happening. I’m not kidding you! A bunch of people, six months ago, were bailed out against foreclosure. They were allowed to stay in the house. Their deals were reworked so they had a lower monthly payment, so they could stay in their house, and they’re still not making payments on the mortgages. The people who arranged the refinancing are scratching their heads trying to figure out why. After they extended all this help, after they extended the hand of kindness, they can’t figure out why people still refuse to pay. We’re being led by people who are insane. We are in the middle of a sitcom. Anybody who lends money knows that if people don’t pay it, they’re not going to pay it. And if they don’t suffer any consequence for not paying it, why should they start paying when you make it easier for them to pay, if they’re not paying in the first place? Loan sharks know this.
This entire situation has led to a collapse, we are told, of the world financial system, although, my friends, are you aware that yesterday’s stock market jump was credited to Obama and his plan to build roads and bridges and schools? Now, if that’s the case, why is it down 85 points right now? Why isn’t it continuing to go up as it was yesterday? Don’t tell me it’s down because Wall Street is shocked over what happened in Illinois with the governor. Don’t tell me this. I don’t want to hear it. Don’t tell me that Wall Street’s shocked at Oprah, in an effort to sell sagging magazine sales, has admitted gaining 40 pounds. Don’t tell me that Wall Street is all upset here that Obama has not been inaugurated yet.
We get nothing but BS out of the Drive-Bys. In fact, I’m becoming more and more certain that the only thing that keeps liberalism alive is the media. Does anybody but the media take Nancy Pelosi seriously? Remember when she took over the House, remember her first 100 days, her promise to America? It was pay-go. She said her Congress will not spend one cent of new money without paying for it. Is one cent more than a trillion dollars? I’m convinced, if it weren’t for the media, I don’t think we’d have nearly as many people in this country who think they’re liberal as we do.