RUSH: Back to the audio sound bites, ladies and gentlemen, Joe Biden, February 6th he was in Williamsburg, Virginia. This is where the Obamaoids, the Bamster and his boys went down there to give the Democrats a big pep talk down there, and they had Biden do this, and it was the House Democrat issues conference, and here’s Biden with typical Joe Biden inspiration.
BIDEN: If we do everything right, we do it with absolute certainty, we stand up there and we make really tough decisions, there’s still a 30% chance we’re going to get it wrong.
RUSH: Well, that’s a great way to inspire everybody. Here’s Obama out there selling the whole debacle today under false pretenses and here’s old Joe, ‘Hey, Chuck, stand up, let ’em see you. Oh, no, God, aw, wow, gee, stand up for Chuck.’ He asked a guy in a wheelchair to stand up in Columbia, Missouri. So now he’s out there saying, ‘If we do everything right, we make every tough decision, we do it all right, there’s still a 30% chance we’re going to get it wrong.’ (laughing) Follow me, boys, we’re going to see General Custer here, and if we do everything right, 30% chance we’re still going to get it wrong. So then on the same night, CNN’s Situation Room, Wolf Blitzer was talking to David Axelrod, one of Obama’s big advisors, he said, ‘You know what Biden said, David, that’s not very encouraging. A one-out-of-three chance, even if you get everything you want, the president gets everything he wants, it’s still going to be wrong?’
AXELROD: Well, I don’t know, I don’t know exactly about what that math was, but I know this, that there’s a hundred percent chance we’re going to get it wrong unless we pass a very substantial economic recovery package now.
RUSH: I mean, they’re trying to cover this guy’s tracks fast — ‘I don’t know exactly what the math was, but I know there’s a hundred percent chance we’re going to get it wrong unless we pass a very substantial economic recovery package now.’ I don’t want to use the word ‘criminal.’ This is politics. How do you tell the difference between normal politics and criminality, but what’s being done in the name of economic stimulus and jobs here is one of the biggest frauds perpetrated on the American people. It is entirely fraudulent here the way they’re selling what this is. It is not what it is. It is not going to create jobs. It’s not going to start funneling money into Elkhart, Indiana. How about that woman, we played the sound bite, ‘Well, when the money gets to Elkhart, I mean, is it going to get straight here, is it going to go somewhere else first?’ I don’t even believe that’s a real question. I think that’s a focus grouped question that they picked somebody in the audience to ask the question. Who thinks this way? Well, I take it back. Now, that I think about it, I think a lot of Obama voters might think that way. ‘Where is my money, where is my money?’ How about all these people who think Obama’s going to pay for their gas, pay for their car. I wonder how many people’s jalopies are sitting on the side of the road waiting for Obama to fill it up. I guess it’s true that people could ask a question like that. It’s just fraudulent here. Dingy Harry, also Friday night, during a Q&A on Capitol Hill in a hallway, unidentified reporter says to Dingy Harry, ‘Are you confident the size of this package is still big enough to do what it’s supposed to do?’
REID: It’s approaching a trillion dollars. It’s a piece of legislation that is job creating. Did we get everything we wanted? No, we didn’t.
RUSH: Yes, you did.
REID: Remember as Senator Baucus said, there are no cuts, no one lost anything. Everything in here is new money. So I am very, very happy with what we have. It’s a product, as Senator Murray said, that we should be proud of, and we are proud of it.
RUSH: Yeah, a trillion bucks, and then we’re going to have another trillion piled on in TARP 2 tomorrow and we’re going to be at $2 trillion in stimulus. It’s not stimulus. The TARP 2 is going to go to the banks for whatever the hell they’re going to do with it that they haven’t done with the first $700 billion. And then we have the so-called stimulus bill, we’re to the point now that the Chinese are not even buying the debt, they’re not even buying the treasuries to support this. We are printing the money and at some point inflation is going to rear its head and that’s when all hell is going to break loose. I don’t know how that doesn’t happen, I hope it doesn’t, but if you start printing money like this, too much money chasing too few goods, I just don’t know how you don’t get inflation. Inflation is what gave us the misery index back in the 1970s. Chuck Schumer, trillion dollars of pork, it’s small, little thing to Chuck Schumer. CNN’s State of the Union on Sunday, John King said, ‘Is it better than the House bill and the key test, creating jobs as soon as possible, or is it a lesser bill, but one you had to agree to simply to get the votes in the Senate?’
SCHUMER: The most important thing is that we are not going to let small differences stand in the way of passing this very strong bill which the American economy desperately needs. To quibble over small little things and let the bill go down would be a huge mistake for the American people, given the state of our economy and the need for a real shot in the arm.
RUSH: And once again, this is entirely disingenuous. Little things like national health care? Little things like national health care with features including a new health czar, a new bureaucracy and means testing of treatment for the elderly? By means testing, if the treatment costs more than you’re likely to live and therefore the cost is deemed a waste, then you die, you don’t get the money. You don’t get the treatment. The federal government will be in charge of this, and that is in the stimulus bill. We’ll link to the sources on this, citing the specific page numbers in the stimulus bill for you to consult. Barney Frank yesterday on television, Meet the Depressed. David Gregory said, ‘You’ve got the top CEOs coming down from the US banks to be interrogated by you. They’re going to be in front of your committee on Wednesday. What do you want to ask them?’
FRANK: The first I’m going to ask them is this. What is it that you do because you get a bonus that you wouldn’t otherwise do? I want to know like, if they didn’t get a bonus, would they knock off early on Wednesday? The problem with compensation is not just that it’s large, but it gives a perverse incentive. They pay themselves in ways that say this: If I take a risk and it pays off, I get extra money, but if I take a risk and it loses money, I break even. Heads I win, tails I break even, is going to encourage people to flip too many coins, and that’s — one of the things we have to do is that.
RUSH: Now, this dovetails with Obama, and of all the things that he said last week, one of the scariest things to me last week was his cap of $500,000 a year on CEO pay if they are accepting federal money. The real problem here with CEO pay is shareholders and the board of directors not exercising their proper oversight and watching this. But you don’t want the government doing this. I make no apologies, and I have no brief for these corporate executives, but this is about nothing more than expanding government. I don’t care what Barack Obama thinks of private sector salaries. It’s none of his business, even if he is president of the United States. It’s none of Barney Frank’s business what the private sector salaries and bonus situation is. It’s not their business until they start doling out money and these idiot guys on Wall Street and the banks start accepting it, and then they become prisoners. And what really frosts me is these guys taking the money.
They take the money, and then they’re tied. They are lassoed to the federal government, and they’ve gotta let Obama run their business, and they’ve gotta let Barney Frank call ’em up there and grill ’em, when, as I’ve said over and over again it ought to be Barney Frank and Chris Dodd, et al, who are facing the questions and being made to explain their roles in the collapse of the subprime mortgage industry and the housing bubble and the like. It’s just one small step from them dictating CEO salary to them dictating everybody else’s based on what Obama thinks is right and based on what Obama thinks is wrong, or Barney Frank or Chris Dodd or any of these other people. On the subject of Tom Daschle’s taxes, Barney Frank actually had something interesting to say. The question from David Gregory was, ‘You got the president out there castigating Wall Street. You brought up the issue of compensation. You brought up the issue of compensation very strongly and yet this kind of thing happens in Washington with Democrats not paying their taxes.’
FRANK: Well, change it by the voters being tougher, frank — I think that part of the problem is the voters. You know, nobody in the Senate — well, a couple in the Senate but nobody in the House parachuted in, and the voters have to be tougher, I don’t think they hold us to a high enough standard.
RUSH: He’s got a point. He’s got a point. The voters don’t hold ’em to a high enough standard. However, that is one of the biggest cop-outs. ‘Well, hey, you know, as long as we can get away with it, we’re going to get away with it. If our voters aren’t going to send us outta here, if the voters aren’t going to punish us, why should we, why should we hold fast here.’ They’re not afraid of you, folks, they’re not afraid of you. They have forgotten how the House bank caused half the place to be thrown out back in 1990, and the House post office and so forth.
BREAK TRANSCRIPT
RUSH: So you gotta hear this. I told you earlier Obama was cracking up when he was addressing the Democrats. We have two sound bites, and we had this post from the Weekly Standard saying he doesn’t sound right here.
OBAMA (shouting): Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis!
RUSH: Stop the tape. That’s an attack at me and my bipartisan stimulus plan, which was tax cuts, the corporate tax rate cut in half and capital gains tax cuts. Actually, capital gains suspended for a whole year. Obama is coming right at me ’cause I’m the one that proposed this bipartisan plan. They think that Reaganomics gave us the problem that we are in. It didn’t. It was the Community Redevelopment Act. It was the subprime mortgage business that led to all of this — and the housing bubble that ensued and all of that was derived and put up by Democrats in Congress.
OBAMA: We are not going to get relief by turning back to the very same policies that, for the last eight years, doubled the national debt and throw our economy into a tailspin.
RUSH: It did not.
OBAMA: We can’t embrace the losing formula that says, ‘Only tax cuts will work for every problem we face,’ that ignores critical challenges like our addiction to foreign oil, or the soaring costs of health care or falling schools and crumbling bridges and roads —
RUSH: It’s not happening.
OBAMA: — and levees. I don’t care whether you’re driving a hybrid or an SUV. If you’re headed for a cliff, you’ve got to change direction. (shouting) That’s what the American people called for in November, and that’s what we intend to deliver.
RUSH: So they believe that Reaganomics, Bushnomics created the mess we’re in, that they had nothing to do with it. It’s just the exact opposite. The direction they’re taking this country… Folks, the road is a fork. We are on a road with a fork in it. We can take the fork to the Moscow of the 1970s or we can take the fork to China. That’s the road to recovery Barack Obama is offering. We might want to try the road south to Cuba, but the only thing that would make that worthwhile are cigars.