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You wrote: “Rush has walked backwards today, and he is criticizing Mitt.”

You must have been listening to a dirrerent program than I was YESTERDAY. Tell me what he’s “walked back” from yesterday:

RUSH

[snip]

“....September 25th, 2008, Gingrich appeared on Fox News and said that the TARP legislation was socialism. He said that it should be defeated. That’s September 25th. On September 28th, Gingrich was on This Week on ABC. He said the question was not whether something needed to be done but whether needed to be TARP, whether needed to be done the next 48 hours. He then stated that he probably would reluctantly vote for it but... So everybody got captured by it. Then on October 1st of 2008 Gingrich wrote in Human Events that his solution would be to get rid of Secretary Paulson and to suspend the market to market rule, which would give Congress the breathing room to develop a plan to replace TARP and to reestablish trust with the American people.

So Gingrich was opposed to TARP.

Romney — everybody — was for it.

TARP is not capitalism! Romney, we’re being told, is the big capitalist. He supported the biggest bailout of banks and sovereign wealth funds.

So my point is all of these allegations going back and forth about who’s a capitalist and who isn’t and who’s willing to defend it, the way it’s manifested itself now, is the establishment’s candidate is under assault for being a capitalist.

His opponents are running around using the language of the left to attack him as a capitalist, and what are they gonna do? Are they gonna defend capitalism? Somebody better.

Because whatever’s happening to Romney now, whoever our nominee is, you can quadruple this in terms of the allegations, what a Republican is: A conservative is, mean-spirited, loves big profits, loves big business, takes money from the poor and gives it to the bankers! All of that crap, it’s gonna be magnified twice what it is in the Republican primary right now.

Meanwhile, in the Oval Office, we have a genuine redistributionist Marxist — and our establishment will not get anywhere near properly characterizing him that way.

BREAK TRANSCRIPT

RUSH: I do not want to be misunderstood here. You know my job is to communicate, to make the complex understandable. I just want you to understand, I’m not defending Bain. I’m not defending Romney. I’m not defending Newt. I’m not defending Santorum.

I am defending capitalism and conservatism.

And we are seeing, because this has happened, we are seeing in microcosm form the Obama campaign against our nominee in one regard. This is going to be — and it’s gonna be much more amplified than this is, for all the language Newt’s using and whoever the others are attacking Romney for profits and firing people, so forth, wait ‘til the Democrats get hold of this. This is mild compared to what it’s gonna be, so it’s a good proving ground.

Now, why is this happening on the Republican side? I’ll tell you exactly why it’s happening. This is how Romney hopes to win. This is the end result of a strategy.

Mitt Romney has spent a fortune in two election cycles attacking the records of people who are more conservative than he is, by claiming they are not conservative, and he’s attacking them from the right.

Now, what outrages Newt and the others in the past, the people back in 2008, is that Romney is not Mr. Conservative, but he’s positioning himself that way and attacking others for not being.

Newt, I guarantee you, if you ask him, Newt thinks he’s twice the conservative Romney is. So here’s Newt being hit up and ripped for not being conservative by a guy he doesn’t think is anywhere as big a conservative as he is.

Imagine if you were on the end of millions of dollars of attack ads and opposition research, and you think all of it’s a bunch of lies, what are you gonna do? You’re gonna try to retaliate. So that’s where we are.

This campaign is where it is because decisions were made by certain candidates to take it here. So it has to be dealt with as is.

BREAK TRANSCRIPT

RUSH: Now, speaking of TARP, Newt, he really nailed it in his Human Events piece 2008, October 1st.

Let me give you a brief excerpt of what Newt wrote then. He said, “The TARP plan that relies on the former chairman of Goldman Sachs —” that would be Paulson “— presiding over disbursing hundreds of billions of dollars to Wall Street is a terrible concept and inevitably will lead to crony capitalism and the appearance of — if not the actual existence of — corruption.”

Well, that happened. That’s exactly what TARP was.

http://www.rushlimbaugh.com/daily/2012/01/10/history_lesson_the_tarp_snow_job