Rush Limbaugh on Budget & Economy
Conservative Talk-show Host
It's basically a bond-buying program. It's being called another aggressive stimulus program: $40 billion of mortgage debt per month, and they're gonna continue to purchase the assets until the outlook for jobs improves substantially. Well, the outlook for jobs is not going to improve substantially as long as we have policies in place by Barack Obama and the Democrat Party. So this means forever, until the outlook for jobs improves substantially.
They're gonna purchase these assets until the outlook for Obama's job improves, is what they really mean. It's his job they're worried about.
So we're basically printing more money, QE3, quantitative easing, printing money, stimulate the economy. Printing money equals inflation, equals Zimbabwe, Third World.
Limbaugh was explicit in declaring that he not only wanted Obama's agenda defeated, he also wanted the country to suffer when Obama's proposals were enacted: "I hope it prolongs the failure. I hope it prolongs the recession. Because people are going to have to figure out here that this I not how economies recover. Government is not the central planner."
In fact Limbaugh had made it clear that he meant much more. He said "Of course I want Obama to fail. And after this stimulus bill package passes, I want it to fail."
Aside from the bastardization of the Constitution that the Obama plans are, that TARP is, it's not constitutional. Aside from that, where is the evidence that [anyone] has ever succeeded in any similar plans before? There is no evidence it works. The president's stimulus package, the TARP, the budget, relies on one thing for its success. Well, aside from authoritarian government power. It relies on the complacency of the American people. It relies on their belief that they can convince the American people that there's such a crisis that the only government, the only entity that can fix its government, as Obama has said. Liberals will never understand about America: we are a competitive people. We strive, enough of us do, to be the best.
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Milton Friedman (Nobel Economist)
Rush Limbaugh (Radio Talk Show Host)
Ayn Rand (Author and Philosopher)
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