Posted on 04/16/2020 4:45:30 PM PDT by Kaslin
USH: Folks, 22 million people are not working, and its not because of the quirks and fates of Americas economy. Its because we have shut it down and we have shut it down on the back of bad data. Weve shut it down on the back of poor projections.
You know, theres any number of ways of looking at this. One of the ways of looking at it is it has taken whatever length of time that weve been shut down, what is it, six weeks or seven weeks, its taken less than two months to wipe out the roaring economic gains of three years and taken our economy back to the Obama administration economy high mark.
Now, weve gone deeper than that. We didnt have 22 million people not working in the Obama administration, but we did have the lowest labor force participation rate. We had a lot of people not working in the Obama administration. The unemployment rate didnt reflect it, but we had a lot of people capable of working who werent.
This was done on purpose. I dont want reprosecute those days, but it was purposeful. The Obama administration was convincing people Americas best days are behind us. They were globalists. They wanted to push the United States into this new global arrangement where we would not be in charge of our sovereignty. A bunch of Europeans would basically be in charge of a world government, a globalist government.
For that to happen, the United States economy had to be cut down a little, had to be cut down in size. The United States as a superpower had to be cut down in size. And the Obama people, Madeleine Albright, John Kerry, they all went along with it, and so they were famous for running around saying that there was a new era now, the era of decline, that Americas best days are behind us. You need to lower your expectations.
And they further stated that some of the glory days of Americas past were not legitimate, that our economic strength and power from those days was maybe ill-gotten, that we had stolen some of it, stolen resources from other nations, that we had built our nation on the backs of people who were not properly compensated.
Now, folks, I remember being livid because the Obama administration and the media, the Democrat Party in that era was making its bones running down the United States of America and creating this impression that the new normal was the state of decline and that they were telling us their expertise was in managing this decline so that there would be as little widespread pain as possible. Thats what their expertise was. They were gonna be able to prevent economic pain.
There was no talk of economic growth. There was no talk of massive American superpower type economic growth. If youve forgotten this, dont doubt me. We could go back and find various segments that I did on this and repost them at RushLimbaugh.com from the archives if we wanted to. I mean, theyre plentiful. The point is Trump is elected and in three years we accomplish everything the Obama administration, including Joe Biden said was not possible anymore. And we experienced an economy unlike any the world had seen and in many cases, unlike any Americans had seen.
It was so great that the American population featured a lot of people who had never seen economic growth like this. And its gone. It took three years, and now its gone in a matter of less than two months, its gone. And my hearts broken over it. Because when we talk about this, were talking about the American people, were talking about people, citizens. I mean, its people that made that happen.
Donald Trump didnt wave a magic wand and make it happen. Donald Trumps not responsible for it except in the terms of believing it could happen and formulating policies that permitted economic growth and drastically reducing a bunch of burdensome and punitive regulations, massive numbers of them. But the American people, you, made all of that happen by virtue of your ambition and your desire and your belief that it could happen, your belief in yourself, your desire to make it happen. The fact that youre an American meant that you had a can-do attitude.
One great thing about America, among many, is that dreams come true here. They always have. People have their dreams. And many of those dreams are now boarded up. Many of those dreams are now shut down. We did it to ourselves. We did it in an unprecedented manner. Weve never done anything like this to ourselves before. And then add to that there are people happy about it. Why? Add to that there are people who want to continue this. Why?
There are people who wish to maintain the status quo so that next month another six million will be out of work and the number of people filing for unemployment will be 27 to 28 million. There are people advocating for that under the guise of saving lives. We are destroying lives, folks. We are destroying businesses. I know business is a bad, dirty word to a lot of we are destroying livelihoods. Were destroying dreams. We are destroying careers.
We are canceling out whole lot of hard work that happened. And it is really scary to me how many people are advocating for this to continue when it cant. There is no alternative. This economy has to get going again. I cannot believe that we are even in the midst of an argument about this. The fact that we are illustrates just how dangerous and ominous the forces arrayed against us are.
The fact that there is an argument, and the argument is coming down to, as I also predicted, You dont care about killing people! You Republicans are perfectly fine with people dying. Thats what youve always been! You dont care about people, when its the exact opposite. It is the exact opposite. The Democrat Party does not have an exclusive on compassion, and its the most frustrating thing in the world to me that they do.
img src=https://www.rushlimbaugh.com/wp-content/uploads/2020/04/APP-041420-Covid-WH-92.jpg>
The Democrat Party needs a permanent underclass. They need people in constant poverty. They need people in a status of need. Its for their power. Take a look at any Democrat constituency group outside of Wall Street billionaires and ask yourself: How has the support to the Democrat Party elevated them? Take a look at the African-American population. Go back.
Ive been alive long enough to know what theyve been complaining about for 50 years, and Im telling you, theyre still complaining about the same things. Theyre complaining about lousy economic opportunity. Theyre complaining about living in lousy neighborhoods. Theyre complaining about racism, bigotry, and all that stuff and the Democrat Party has been promising them for 50 years that theyre gonna fix it.
The Democrat Party has been promising them for 50 years that theyre gonna get even with all these mean-spirited Republicans that are dishing out all this harm. And yet African-Americans are still complaining to the Democrats about the same things. There arent any solutions. There are no elevated lives, other than those who have somehow turned to Donald Trump.
Who have turned to Republicans. Who have decided to invest in mainstream market capitalism and sought their fortune or their way of life within that rather than relying on Democrat socialism to take care of them. The African-Americans and any other minority that has decided to throw in with free-market capitalism and to do their best, have been remarkably surprised, and have been so happy and pleased with the success that they have found.
And, meanwhile, the people who are continuing to rely on either the state government where they live or the federal government to make it right, to get even with all these oppressors? Whatever theyre thinking is gonna happen, theyre still in poverty, theyre still living where they dont want to live, and theyre still complaining about the same thing.
So how is it they get away, the Democrats, with ownership of compassion? And how is it that we supposedly dont care, when everything we believe in when everything we support can result in wonderful economic opportunity being realized and additional levels of freedom? But still, its down-right scary that there are people advocating for the continuation of this economy to remain stagnant, who want more people showing up on unemployment rolls.
Its so senseless that you have to question the motivation behind it. Well, I know what it is. Its how they think theyre gonna get rid of Donald Trump. No, Rush. Its much more complex. Thats too simplistic. No, no, folks. Im telling you: The simplest answer to a question is always the right answer.
BREAK TRANSCRIPT
RUSH: Now, this ticks me off. I just took a look at the Drudge page during the break, and one of the top stories on the Drudge page is a Politico story, and the headline of the story: Trumps Call with Wall Street Didnt Go as Planned. He talked to Wall Street fat cats, whatever you want to call em, yesterday on a conference call. And, you know what?
They told Trump to keep the country locked down. These guys are left-wing Democrats. Everybody thinks that Wall Street fat cats are a bunch of Republicans. They arent. These are the people that bankroll the Democrat Party, folks. They have for a long time. I know them. I know a bunch of em. Theyre not conservative Republicans, free marketeers.
Many of them are billionaire hedge fund types who, by the way, are not losing any money. Have you noticed? You probably havent. You dont know how to look it up. A lot of these billionaires are earning money during this. (interruption) Well, the value of their assets is going up, like the value of their sports team is going up, even though there arent games.
Theres only 32 teams in the NFL, for example. At any rate, let me finish this cause time is dwindling away here. The reason for the market being down today is because these Wall Street people told Trump not to reopen, keep the country locked down. They said Trump should not reopen until people are not worried about getting coronavirus. Thats never gonna happen!
People are not not worried about getting the flu. They still take flu shots. There isnt a day in the near future, in the foreseeable future where people arent gonna be worried about getting coronavirus. There may never be a vaccine for it. All this talk about a vaccine in 12 to 18 months? There may never be one. We dont have vaccines for most viruses.
So if theres never a vaccine and if theres never a shot, how in the world are people going to stop worrying about getting it? Trump should not reopen until people arent worried about getting it? I hope he can see through this. Im sure that he can. Heres how Politico writes it, and you can hear the happiness in the opening paragraphs:
The White House held a call This is from yesterday. The White House held a call this morning with top Wall Street titans and other senior bankers and financiers to talk about how to reopen the economy, part of a barrage of phone [calls] between President Donald Trump and executives from industries including hospitality, health care, technology, construction, sports and many more.
There was a small problem with the Wall Street call. Actually several problems. Oh, the Politico is so excited, they cant keep their pants up! Many of the bankers said they knew nothing about the call until late Tuesday night. Several had quarterly earnings calls, but they all ultimately said (paraphrased), Mr. President, dont open the economy til people are no longer afraid of getting coronavirus.
Dont open the economy until people are no longer afraid of getting it? (sigh)
BREAK TRANSCRIPT
They’re known as democrats.
..... Once the world economies are scuttled ... New World Order Activists will start recommending the imposition of a One World Economy as the only way out of the crisis ...
And that One World Economy will be Socialism/Communism.
Rush is absolutely right.
Yup, you beat me to it. The democrats hate people and want you and I dead.
JoMz
It wont matter if Trump opens the country up tomorrow. The CARES act will insure the economy will tank until 7/31.
I own a grocery store. I need 6-10 more employees right now.
I can pay them (depending on the job) $450-$700 per week.
The governments (state and local) are giving each person $1100 per week
$480 from the state $600 from the CARES act. Who are on unemployment.
I have advertised the openings, I have posted them at the unemployment agency. I have gotten 3 request for applications and ZERO have return said application.
I will not be able to hire anyone until August 1st.
So grocery stockers, gas stations cashiers, busboys, truckers, fast food drive through workers. have to be paid $21-25 per hour in order to get them off of unemployment. Not going to happen!
The CARES act will put me out of business (and thousands of others). Not the virus. And we do not have one covid case in the county.
All government money puts businesses out of business...except for the businesses guaranteed to launder a porton of the government money back to those in power.
JoMa
‘The CARES act will put me out of business (and thousands of others). Not the virus. And we do not have one covid case in the county.’
damn, that stinks; very depressing to hear things like that; damn governors who issue one size fits all lockdowns...
I find it amazing that the hardest hit by this global warming like scam, such as the like of cheesy Service Industry, sports etc. are like deer caught in headlight in their advocacy of twin disastrous globalist and socialist/depression policies... they are the ones getting wiped out by their own advocated policies and they say nothing. Bunch of arrogant greedy sodomitic feckless corrupt decadent bunch... they have no respect for the laws the Founders imposed to their profit
If you were in my neck of the woods in PA, I’d work for you.
from the moment the models turned out to be so spectacularly wrong, it should have been possible to immediately fully re-open the economies around the world that have shut down to varying degrees.
however, the covid crazies changed the story...again and again and again.
the models werent wrong, they said. it was the lockdowns that caused the numbers to peak and decrease. wrong.
then they said we couldnt open until there was a vaccine! no chance of that happening any time in the foreseeable future.
then they said lockdowns couldnt end until they had tested the entire world population or something! zero chance of that.
then they said lockdowns couldnt end until surveillance/tracking etc was up and running! no thank you.
the FakeNewsMSM goes along with it all.
the public must not. its a scam. in the US, its a presidential election year.
Rush at his finest!
It took him a long time to get there, but he is finaly there.
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