RUSH: Steve in Worcester, Massachusetts, it’s nice to have you on the EIB Network, sir. Hello.
CALLER: Yeah, hi, Rush. Thanks for taking my call.
RUSH: Yeah.
CALLER: You know, one of reasons I think the main reason the market, stock market has been ticking up lately even though the employment situation is getting much worse is because the investment community is prospective — and if they see that cap and trade is going to fall and that they see the health care is going to fail, and that they see that Obama is going down in popularity like that he’s failing — then that’s good for business in the longer run. So the irony is as Obama fails and his programs look like they’re not going to go through, the market will go up, and then the irony will be, Obama will take credit!
RUSH: (laughing)
CALLER: (laughing)
RUSH: See how this is working? You just paint a brilliant picture here and then destroy it by saying it’s all going to be credited to Obama. I don’t know enough about the market to say whether or not the people in the investor community is already guessing that cap and tax is going to bomb out, health care isn’t gonna work, popularity is going down. There could be more intricate reasons than that, but your theory is as sound as anybody else’s. Look, like I said earlier: If the growth in the economy the next quarter is up, they’re going to credit the stimulus. They’re going to credit Obama left and right. But until we know whether these things are going to happen and become reality, we can’t predict the economy’s future — other than if they pass, we’re finished. Cap and trade… And, by the way, we need to stop calling it health care ‘reform.’ It’s not about health care ‘reform.’ Like everything else in Obama’s agenda, this is about health care destruction.
BREAK TRANSCRIPT
RUSH: By the way, in the stock market — I mentioned this yesterday. The stock market is not up. The stock market is up 236 today, the last time I looked. But the stock market’s flat. It’s up 231 one day, down 79 or 179 the next day. The stock market is stuck, folks! We’re down from a high of 13,000. The stock market is not up. It was at 13,000. The stock market isn’t going up.