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Liberal Policies, Not Capitalism, Caused This Economic Condition
Rush Limbaugh ^ | July 27, 2010 | Rush Limbaugh

Posted on 07/28/2010 9:29:09 AM PDT by sheikdetailfeather

BEGIN TRANSCRIPT

RUSH: Here's Nicholas in Columbus, Georgia. Great to have you on the EIB Network. Hello.

CALLER: Hey, Rush. Thank you for taking my call.

RUSH: You bet.

CALLER: Well, I was calling you today about how the Republicans -- what I'm worried about is that Republicans won't have learned their lesson about past monetary and fiscal failures because, I mean, the Democrats have made this situation way worse with the high taxes and demonizing the wealthy, but the Republicans have had their past failures such as having low taxes, which are good, but having very high spending and very low interest rates, which have, I think, hurt the economy and kind of set this bubble up, the housing crisis and all that kind of thing. What I'm worried about is that the Republicans and the election will kind of take advantage of the Democrats but not really, you know, change the game in that we'll all be in the same mess as before, you know what I mean?

RUSH: I think I do.

(Excerpt) Read more at rushlimbaugh.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: capitalism; democrats; economic; economy; fail; liberal; liberalfascism; liberalprogressivism; liberals; marxism; obama; obamaism; policies; socialism
"Now we've got stories urging people to just walk away from them. Just walk away from the mortgage! Banks own all kinds of properties here. The price of housing continues to fall. This was all brought about by policy, not capitalism. It was all brought about by liberalism. One-fourth of the mortgages in Miami are either late or in foreclosure. That tells me that one-fourth of the mortgages in Florida had no business being created, if that. Have you ever stopped to ask yourself in this economic crisis...? You look around and you'll find there are a lot of people that are not hurting. A lot of people have been dinged. I mean, anybody who had a stock portfolio has been dinged, but there are a lot of people who are not hurting."
1 posted on 07/28/2010 9:29:12 AM PDT by sheikdetailfeather
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To: sheikdetailfeather

How can we get the GOP to pick this line up?


2 posted on 07/28/2010 9:32:15 AM PDT by skeeter
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To: sheikdetailfeather

“Liberal Policies, Not Capitalism, Caused This Economic Condition”

I thought we at FRee Republic were aware of this truth.


3 posted on 07/28/2010 9:33:03 AM PDT by rockinqsranch (Liberalism draws criminals as excrement draws flies. Liberals are only good for bait.)
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To: sheikdetailfeather

What you are saying is true. We were frugal (not miserly) for years and years. I retired early, the house is paid for and I have no debt but the monthly bills. I’m living proof that it can be done.


4 posted on 07/28/2010 9:33:10 AM PDT by Sunshine Sister
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To: sheikdetailfeather

Obama owns this economy.


5 posted on 07/28/2010 9:50:45 AM PDT by Spok (Free Range Republican)
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To: rockinqsranch
"I thought we at FRee Republic were aware of this truth."

You must've missed all the bashing of corporations, the Wall Street, "fat cats" --- anybody associated with enterprise and making more than $100,000. People who cannot read the last pages of The Wall Street Journal spend days and nights on this forum educating us how specifically Wall Street has screwed up the economy. Just follow the thread from yesterday, where it was merely announced that BP's CEO got a pension --- see the comments on it. Just ask how many people even know that they own Wall Street, that the infamous "bailout of Wall Street" was actually the bailout of The Main Street. Hardly anybody, and this is a conservative forum. Go back to 2002-2003, when outsourcing has gained momentum: see thread after thread demanding that Bush "secure jobs for Americans."

When I ask clarifying questions to justify the rampant defamation, they typically turn on the messenger, I've been outed as a bond trader for Cantor Fitzgerald, stock trader for Goldman Sachs, supporter of Soros --- just for asking to explain the defamers to justify their outrageous claims. They think the only reason one may even doubt the guilt of the "fat cats" on Wall Street is to be one of them.

It is because even conservatives are so anti-capitalist that we have neo-communist/fascists in the WH. And we have not seen the end of it, I am afraid. The same thing happened in the 1930s Germany, where all people, even conservative were choosing among three kinds of socialist: "international" (communists), national (Nazis) and Social Democrats.

6 posted on 07/28/2010 10:00:50 AM PDT by TopQuark
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To: TopQuark

Incredible. I must have missed those threads. It’s a fact well known by many here, or at least it was last year when we all were discussing the CRA, and the Democrats manipulations from Carter to Clinton, Dodd, Frank, Raines, and more that caused the mess we are in.

It’s totally a Leftist created calamity. RINO’s are Leftists for any that would want to come back at me with crap about Republican’s involved as well. RINO’s are Leftists. That’s why we have to get them the “H” out of the party.

Siiiiiiiiiiiiiiiiiigh what a Hell of a mess when the voting public doesn’t get it.

Afterthought: I’d bet it’s because of the derivatives aspect of the collapse that eyes are turned on Wall Street. That was all because of a wink and a nod by Clinton to certain buddies on Wall Street that occured. I noticed last year that most folks missed the articles on Clinton’s involvement there. I’ll have to see if I can find those articles, but then to reach everybody with them will be quite the challenge won’t it.


7 posted on 07/28/2010 10:20:14 AM PDT by rockinqsranch (Liberalism draws criminals as excrement draws flies. Liberals are only good for bait.)
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To: skeeter
How can we get the GOP to pick this line up?

By closing the exclusive clubs at 5 p.m. and getting the Tea Partyers to use it.

8 posted on 07/28/2010 10:27:38 AM PDT by DustyMoment
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To: sheikdetailfeather
The term “capitalism” was a phrase coined by Marx as a pejorative term for the free market. While “capitalism” might fit easier in sentences that “free market..uh...ism” I'm still going to use the original term rather then the commie term.
9 posted on 07/28/2010 10:35:33 AM PDT by Durus (The People have abdicated our duties and anxiously hopes for just two things, "Bread and Circuses")
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To: rockinqsranch

If you look at a lot of the elites that are supposed to be respected they are feeding in one way or another at the government trough. That goes for Wall Street with the huge bailouts after decades of big giving to the left, it goes for corporate execs with government purchasing from them, it goes for college and university administration and professors with the vast sums given by the Federal government to students through grants and loans to pay for the outrageous tuitions and room and board, etc. What would pay be in these areas in a free market? Nowhere near as high . . . and we wouldn’t be taxed to enrich others.


10 posted on 07/28/2010 6:20:24 PM PDT by Mere Survival (The time to fight was yesterday but now will have to do.)
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To: rockinqsranch
" I must have missed those threads."

I am sorry I missed your threads --- I'd be a happier person. Glad to see there are few of us here who know where evil came from and currently resides. I am looking forward to seeing you on other threads.

11 posted on 07/29/2010 8:04:17 AM PDT by TopQuark
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