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Rush is Right - Again, Rushonomics 101
Rush Limbaugh Website ^ | See Web Site | Rush Limbaugh

Posted on 12/18/2001 5:20:33 PM PST by -No Way-

Wealthy Make the world Go 'Round

From the Rush Limbaugh website

My Comments in BLUE

There's so much misunderstood about this 40% tax bracket, that I want to explain just who they are. They are not millionaires. Most of them aren't even close to earning a million dollars a year. I'll bet that stuns you, right? I'll bet you think the 40% bracket is made up of only millionaires, billionaires, and gazillionaires. The emphasis on this stimulus package right now is on more government spending, more unemployment benefits, more federally subsidized health care spending. Yes, even in the midst of a recession and a war, the focus from Tom Daschle is on extending federal spending.

On this issue, I point you to CNBC and National Review economist Larry Kudlow. Larry points out that this war on terrorism is going to cost us a lot more money than we have budgeted, and it's going to cost us more than we think. Wars always do. Where are we going to get that money? (Please, don't say "print more," though that may sound good to you.) The Tom Daschle plan? It isn't going to produce the money.

Kudlow points out that cutting the 40% bracket first, cutting the capital gains rate significantly will cause an inflow of money to the treasury like hasn't been seen in five or six years and it will wipe out all talk of a stimulus package because it won't be needed anymore. And he's right. Simple old supply side works every time it's tried. That's something to consider: the irresponsibility of the Daschle stimulus, given what this war is going to cost.

(Democrat) Dreams of running on Deficit and Recession in '04 & '08

Daschle wants to sit there and talk about how the Bush plan takes us into deficit spending? Good grief! I'll tell you right now, this stimulus bill is not worth the paper that it is printed on anymore, and it ought to be rejected. This is tough, because the White House wants this passed. There was a time I thought that maybe they were playing rope-a-dope. But you don't play rope-a-dope by caving on your tax cut like this. Because all Daschle has to do is say "yes" and you're screwed.

If he says "yes" right then, then you've got to take it or you're the one that looks like the obstructionist, and that's not what Bush wants. But this bill right now in its current form gives away too much and it cannot possibly help spur economic expansion, which is its stated purpose: job creation. This notion that we're going to expand health care benefits and unemployment benefits, that that somehow is going to revive the economy? Give me a freaking break! It just makes no sense. The truth is, Tom Daschle is driving this country deeper and deeper into debt, despite his false claims about concern over creating a deficit.

The truth is that, if we wanted the long-term and explosive economic growth and prosperity, the Washington politicians would be talking about tax rate reductions. This is not a mystery. It's not something we've got to roll the dice on. We did it in the 60s with Kennedy and again with Reagan in the 80s. We know what works, and that we're not going to do it again means somebody doesn't want to do it again. It means Daschle knows it will work and he doesn't want it to - not with a conservative Republican idea as the impetus.

I don't even call this a stimulus package anymore. This is the Daschle Bill, and it needs to be killed right now. The president needs to make his case to the American people. Tell the American people that Tom Daschle put his liberal agenda and party politics ahead of the welfare of this nation. Hold nothing back. Because there's no way to candy coat this. There's no way to talk about "my good friend Tom Daschle and I have a bit of a disagreement on this." That's not what this is.

Dump the New Tone for the True Tone

What we have here is irresponsible, deplorable, partisan political conduct, disguised as somebody who's claiming to want to help people, and specifically, particularly the middle class. This is a time for leaders, not typical party politician hacks like Tom Daschle, who's following in the footsteps of his mentor, former senator George Mitchell. If we're going to win the day on this and seriously help the country, we've got to do what's right and effectively communicate the message to the American people, get them totally behind this stimulus package (with massive corporate and private tax cuts) and then negate the attempt by Daschle to take it over, pure and simple.

People need and want to be educated about this stuff. On Wednesday, I took a call from a listener named Jerry who hailed from up in Milwaukee, and who repeated all the clichéd, liberal pap that's been forced down his gullet by a bunch of know-nothings. I had a good call with him, but he just didn't get it. He actually stated as fact that unemployment benefits put money into the economy! Now, please! As if people on unemployment are going out and buying cars instead of worrying about feeding themselves!

It was just suggested by a liberal member of my support staff at the syndicating network that Jerry probably could use a good night's sleep out there. The way I demolished Jerry's arguments appalled this liberal EIB member, because I shellacked liberalism. We'd already said goodbye to Jerry, but if you find him out there, let him know we wanted to offer him a twin Select Comfort bed. Things will look much clearer to you after you wake up on that bed, Jerry. You'll feel like you work for a big corporation, not like someone who sleeps on a mattress on the floor.

Corporations Pass Higher Taxes on to YOU

Look, you may think you can raise taxes on corporations and stick it to them. You may even be willing to sit on a couch with that measly unemployment check instead of having a job and real income. But I have news for you: corporations recoup those high taxes by passing the costs on to you. They may not get back everything, but they are able to recoup a lot of it, because there are so many stops along the way before a product or a service that the price is jumped up incrementally, and each time it does, corporate taxes are included in there.

Which brings me to a final point I love. I had somebody call this program, for the first time, and say that Tom Daschle is going to starve people. The caller's rational? "Daschle and the liberal Democrats' plan starves widows and orphans and retirees, because the money that they get from their pension plans or their 401(k)s or IRAs has been taxed at the corporate level so they get less money to spend. There shouldn't be a corporate income tax at all because corporations don't pay taxes. Only individuals pay taxes."

Wow, is this a bombshell or what? You only hear that about Republicans and school kids. This is just incredible, and the caller is right. But the real bottom line here is Tom Daschle doesn't care about the effect of a bad economy on anyone but Democratic candidates, who benefit from a bad economy. If Daschle cared about the effect on people, he wouldn't be supporting what he supports. Want proof? Ask Tom Daschle if he'd rather have his Senate salary and pension plan or unemployment check. Just ask him. Obviously he'd have his salary and pension plan. So....

Why are you supposed to put up with more unemployment checks? Why are you supposed to look at that as some sort of a benefit? Why are you supposed to look and thank Washington for bestowing upon you more unemployment checks when you'd rather have a job? Make them live on what they propose! Make them live the guidelines they want to make everybody else live under, and let's see how long it lasts. These libs are a bunch of phony-baloney, plastic-banana, good-time rock 'n' rollers. It seems to me that anybody would rather have a job with chances for advancement and opportunity than the dead-end street of an unemployment check.

Exploding Liberal Economic Myths

From the Rush Limbaugh website

My friends, you must read and listen to what I have to say here on the topic of economics education. Not only that, but you must then call your friends, or e-mail them, or print out these pages and send them to them. Why? Because economics education is so woefully inept in this nation, that people just don't understand how money is made and how wealth is created. Too many Americans are imprisoned in liberal clichés.

They think you can legislate price. They don't know the lessons of history because they haven't been taught. They think that things like price controls sound like a good idea, as if they didn't fail on a colossal scale in the USSR. Think about whatever you produce in your job, for example, and imagine a price control of five cents on it to give you some idea. If that's not enough, then sign up at the junior college for an economics course.

Listen to this stimulating and much-needed economics lecture I gave at the opening monologue of Hour 2. Then listen to the calls I took from various listeners. A couple of them were walking, talking fountains of liberal clichés. One thought unemployment benefits put money into the economy, as if people on unemployment are going out and buying cars instead of worrying about feeding themselves! And they say I'm out of touch!

Other callers were out of work, and said they wanted the Bush tax cuts for corporations, because that will get them a job. Right on! I mean, Daschle wants people out of work so the rich get screwed. But the rich won't get screwed! You're just supposed to sit there and take an unemployment check and have no control over your life so Tom Daschle can screw the rich? Let him try to live on the few pennies the government gives him!

How is this compassion? It's like the people who define compassion as giving the homeless a shopping cart! "Here, stinky! I love you!" That's compassion? Isn't getting them off the street compassion? This is the same as saying, "Hey, here's an extra two months of unemployment." It seems to me anyone would rather have a job to go to, and a chance for advancement, than to be sitting on a couch waiting for some bureaucrat to give you scraps! Is that really a price you want to pay so Tom Daschle can tell you he screwed the rich?

I'm really passionate about this, because I'm sick of hearing those who would give shopping carts to the homeless defined as the essence of compassion. Human beings don't want shopping carts when they're homeless. They want a home. Similarly, when they're out of work, they don't want a tiny check - a check that's subject to the whims of politicians - delivered to their door. They want jobs. Who gives them those jobs? It's companies, folks, and they're not all out to screw you.

That and many other liberal myths, blown to pieces by the Daisy Cutter of Truth - right here.


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El-Rushbo Nails it Again!
1 posted on 12/18/2001 5:20:33 PM PST by -No Way-
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To: -No Way-
I hope his operation corrects his hearing problem...he sounds different since he lost his hearing. He is one of a handful of individuals who can back up damned near any point with analytical thinking that may loop around a while, but gets exactly to the point being discussed.
2 posted on 12/18/2001 5:31:47 PM PST by cincinnati_Steve
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To: -No Way-
 the Daisy Cutter of Truth

I'll start paying attention to Rush
again when the Daisy Cutter of
Truth ( AKA The Truth Detector )
begins taking calls about and discussing
Patrick Knowlton, Vince Foster, and
the evidence that VF did not die in FMP.
Until that day, thanks but no thanks.

3 posted on 12/18/2001 5:43:37 PM PST by gcruse
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To: cincinnati_Steve
My husband and I heard him today while driving around shopping. He was awesome!!! Voice a little different but had the fire in his belly! God I love the man. I just pray that the operation will restore his hearing to benefit him, not us, because we can still hear him, just hope it benefits him. Please, everyone keep him in your prayers.
4 posted on 12/18/2001 5:45:21 PM PST by sibb1213
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To: gcruse
Oh well, we all have our limits don't we. I'm sure Rush will miss you from his million or so listeners.
5 posted on 12/18/2001 5:47:06 PM PST by sibb1213
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To: -No Way-
I'm sorry. I wish that I could have read this entire piece because I know that his tax rate is the only issue that he really cares anything about. I began thinking that it would be easier to read him than listen to him, but I was wrong. Maybe I should just save it and read it sometime after I've had several drinks.
6 posted on 12/18/2001 5:51:12 PM PST by christianswindler
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Comment #7 Removed by Moderator

To: alien2
"If el Rushbo were to make an appearance on this thread, then I'd see some point to give my opinion of what has been posted, point by point. But as it stands I'll only be arguing against die-hard Rush fans, Rush fans who stand no chance whatsoever of ever hearing arguments like mine coming through their radios, Rush fans who are so ignorant that by my simply saying this they think I'm a "liberal" and that I favor Dashle, when the fact of the matter is I don't even know what the man has said and that I only know he's a man because someone threw up his picture at me the other day in this forum

Is the guy who threw his picture up okay? Dang, that KodaKolor paper's pretty sharp!

8 posted on 12/18/2001 6:01:48 PM PST by cincinnati_Steve
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To: gcruse
Oh well YOUR loss...
9 posted on 12/18/2001 6:05:25 PM PST by antivenom
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Comment #10 Removed by Moderator

To: antivenom
Oh well YOUR loss...

 Yeah, right.  As if FR
 isn't sufficiently enlightening, addicting,
 and time consuming.  I was a huge fan
 of Rush when he helped engineer the
 GOP takeover of the House, but
  his fear of taking on Clinton's treason
  put an end to that.

11 posted on 12/18/2001 6:21:12 PM PST by gcruse
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To: alien2
Aw c'mon Jerry from Milwaukee, don't be so sour just because Rush outwitted you, be sour because anyone could have outwitted you.
12 posted on 12/18/2001 6:23:33 PM PST by Kryptonite
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To: alien2
Alien, the reason why you will never witness (at least on a nationally-syndicated level):
"Rush fans who stand no chance whatsoever of ever hearing arguments like mine coming through their radios"

is because most people who listen to talk radio are able to be entertained by simple audio stimuli, without having to resort to "eye candy". May be faulty logic, but I think this is an indicator of relatively high intelligence. Ergo, not many DemonRats listen to talk radio, since they are relatively dense.

On a related note, you ask for concrete definitions of "liberal" and "conservative" on your profile page. That's impossible. They are abstract terms, meaning something different to different folks. Ask a black man what "justice" means, you'll get a distinctly different answer from when you ask a white collar white dood.

If there was only one definition for anything, there wouldn't be umpteen religions all reading the same Bible. But here...here's my definitions: Liberal: A person who believes in an idyllic, fog-filled, dreamy world where everybody skips around happily, singing along to happy tunes magically piped into the scene from above. This genre of humanity disregards the world around him/her as reality, prefering to harbor their "Utopia" fantasy. They don't appreciate working hard, and enjoying the fruits of their labors. They prefer to punish superlative examples of their race by taxing the crap out of the succesful, and loathing them anyway.

On the other hand, we have 2)Conservatives. These fine folks wish that #1 would get the hell out of the way so they can work hard, be succesful, and go buy that bigger house. They feel that they are the best at deciding how they live, and don't need no stinkin' government to dictate minutae to them every day, ever way. I could probably go on forever, given the nature of the discussion, but that's the gist of it...

13 posted on 12/18/2001 6:26:24 PM PST by cincinnati_Steve
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To: alien2
You don't favor Dashle, do you? Rush notwithstanding, the man is purely politician doing his damdest to make republicans look bad. And he cares not the cost to the real people; they are, to him, ignorant pawns that only are useful in his scheme to gain power for himself and for the party.

As to Rush, I heard him yesterday for the first time in a couple of years. The issue was the economic stimulus package and I found myself agreeing with him to a point. I'm a flat-tax advocate though, so even Rush seems a bit liberal to me. Still, he made some good points.

14 posted on 12/18/2001 6:35:45 PM PST by meyer
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To: cincinnati_Steve
I see Ya' struck a nerve with some American Socialists eh! <grin>
15 posted on 12/18/2001 6:40:07 PM PST by -No Way-
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To: alien2
If el Rushbo were to make an appearance on this thread, then I'd see some point to give my opinion of what has been posted, point by point. But as it stands I'll only be arguing against die-hard Rush fans, Rush fans who stand no chance whatsoever of ever hearing arguments like mine coming through their radios, Rush fans who are so ignorant that by my simply saying this they think I'm a "liberal" and that I favor Dashle, when the fact of the matter is I don't even know what the man has said and that I only know he's a man because someone threw up his picture at me the other day in this forum.

Go to his web page and READ where he supplies external references that walks his talk.

16 posted on 12/18/2001 6:46:22 PM PST by -No Way-
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To: -No Way-
i can think of several things that el rushbo messed up on:

1. he said hillary was not running for the u.s. senate.

2. he's right about u.s. oil companies not setting opec prices, but wrong about domestic pricing. american oil co's price by zipcode. if you live in a tourist area, you pay higher prices.

17 posted on 12/18/2001 6:47:51 PM PST by ken21
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To: All
Limbaughtomy - the severance of Americans' cognitive reasoning capabilities by way of Rush Limbaugh and his Limbaugh Institute And Republican Studies

Sounds like some of "Gore's" "Fuzzy English" to me <grin>

18 posted on 12/18/2001 6:51:20 PM PST by -No Way-
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To: -No Way-
REAL CONSERVATIVES ARE RUSHING TO HOROWITZ

Until now, most Americans have been forced to watch our country and its culture drift further and further to the left. Not knowing the true reasons for this degeneration, we have felt helpless to stop it. We have wasted our time and our money supporting political candidates who have cynically sold us false promises about their ability to restore true American values. Now, after years of investigation and with precious little time to spare, DAVID HOROWITZ has finally found the ACTUAL SOURCE of this foul tide. Armed with irrefutable proof, he has exposed the CONSERVATIVE HOLOCAUST that has until now been secreted behind the tall, ivy-covered walls of academia.

Real conservatives, I personally urge you to support Mr. Horowitz's campaign in every way possible. Forget the politicians. Instead, speak to your neighbors. Form committees. Demand to see what is actually written in the textbooks given to our kids. Write letters demanding protection for conservative students and faculty. Show up at David's campaign stops. Visit David's website at FRONTPAGEMAG.COM. Finally, and most importantly, I urge you to immediately send David as much money as you possibly can to save our conservative values from extinction. And please, FReepers, DIG DEEP because this is no time for half measures.

With David's leadership, we can and we will DEFEAT INTELLECTUAL TERRORISM and save our country from the evils of FULL BLOWN SOCIALISM.

Thank you, America, LET'S ROLL!

19 posted on 12/18/2001 6:53:49 PM PST by IanSherwood
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To: ken21
i can think of several things that el rushbo messed up on:

1. he said hillary was not running for the u.s. senate.

Don't know about this one, does it matter? She's the spouse of the Father of Lies anyway. Plus, wants to tax me even more to support lowlifes who won't get off government welfare and support themselves.

2. he's right about u.s. oil companies not setting opec prices, but wrong about domestic pricing. american oil co's price by zipcode. if you live in a tourist area, you pay higher prices.

If the base price goes down then the price in all zip codes go down....

20 posted on 12/18/2001 7:03:03 PM PST by -No Way-
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