Posts Tagged ‘ Economy ’

Obama Attack Social Security

Obama’s tax compromise not only gives a 700 billion dollar tax break to billionaires but has an even more dangerous aspect. It is the Trojan horse provision that threatens to destroy Social Security by undermining the longterm solvency of the social insurance system. Obama is proposing to knock 2 per cent off deductions that every worker regularly contributes to the Social Security Trust Fund. Social Security is funded by a 6.2 percent payroll tax on the first $106,800 earned by a worker. The tax is matched by employers. The package negotiated by Obama would reduce the tax paid by workers to 4.2 percent for 2011. Read more

The Bush Tax Cuts

The Bush tax cuts refers to two laws created and passed during the presidency of George W. Bush that generally lowered tax rates and revised the code specifying taxation in the United States. These were the:

The Economic Growth and Tax Relief Reconciliation Act of 2001 (Pub.L. 107-16, 115 Stat. 38, June 7, 2001), was a sweeping piece of tax legislation. It is commonly known by its abbreviation EGTRRA, often pronounced “egg-tra” or “egg-terra”, and sometimes also known simply as the 2001 act. The Act made significant changes in several areas of the US Internal Revenue Code, including income tax rates, estate and gift tax exclusions, and qualified and retirement plan rules. In general, the act lowered tax rates and simplified retirement and qualified plan rules such as for Individual retirement accounts, 401(k) plans, 403(b), and pension plans. Many of the tax reductions in EGTRRA were designed to be phased in over a period of up to 9 years.

One of the most notable characteristics of EGTRRA is that its provisions are designed to sunset, or revert to the provisions that were in effect before it was passed. EGTRRA will sunset on January 1, 2011 unless further legislation is enacted to make its changes permanent. The sunset provision sidesteps the Byrd Rule, a Senate rule that amends the Congressional Budget Act to allow Senators to block a piece of legislation if it purports to significantly increase the federal deficit beyond a ten-year term. In addition to the tax cuts implemented by the EGTRRA, it initiated a series of rebates for all taxpayers that filed a tax return for 2000. The rebate was up to a maximum of $300 for single filers with no dependents, $500 for single parents, and $600 for married couples. Read more

Nirupama Rao Explains India’s Views On Outsourcing

Foreign secretary Nirupama Rao explains India’s views on outsourcing and talks about some of the deals the two countries could strike.

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The Audacity Of Hope Page 261

Education of a President

Education of a President

By PETER BAKER
Published: October 12, 2010
On a busy afternoon in the West Wing late last month, President Barack Obama seemed relaxed and unhurried as he sat down in a newly reupholstered brown leather chair in the Oval Office. He had just returned from the East Room, where he signed the Small Business Jobs Act of 2010 ­— using eight pens so he could give away as many as possible. The act will be his administration’s last piece of significant economic legislation before voters deliver their verdict on his first two years in office. For all intents and purposes, the first chapter of Obama’s presidency has ended. On Election Day, the next chapter will begin. 

As he welcomed me, I told him I liked what he had done with the place. Gone was George W. Bush’s yellow sunburst carpet (it says “optimistic person,” Bush would tell practically anyone who visited), and in its place was a much-derided earth-tone rug with inspirational quotations. The curved walls now had striped tan wallpaper, and the coffee table had been replaced by a walnut-and-mica table that, Obama noted, would resist stains from water glasses. The bust of Winston Churchill was replaced by one of Martin Luther King Jr. The couches were new. He told me he was happy with the redecorating of the office. “I know Arianna doesn’t like it,” he said lightly. “But I like taupe.”

If there was something incongruous about the president of the United States checking out reviews of his décor by Arianna Huffington, well, let’s face it, he has endured worse reviews lately. The president who muscled through Congress perhaps the most ambitious domestic agenda in a generation finds himself vilified by the right, castigated by the left and abandoned by the middle. He heads into the final stretch of the midterm campaign season facing likely repudiation, with voters preparing to give him a Congress that, even if Democrats maintain control, will almost certainly be less friendly to the president than the one he has spent the last two years mud wrestling.

While proud of his record, Obama has already begun thinking about what went wrong — and what he needs to do to change course for the next two years. He has spent what one aide called “a lot of time talking about Obama 2.0” with his new interim chief of staff, Pete Rouse, and his deputy chief of staff, Jim Messina. During our hour together, Obama told me he had no regrets about the broad direction of his presidency. But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” He realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works. Perhaps he should not have proposed tax breaks as part of his stimulus and instead “let the Republicans insist on the tax cuts” so it could be seen as a bipartisan compromise.

Most of all, he has learned that, for all his anti-Washington rhetoric, he has to play by Washington rules if he wants to win in Washington. It is not enough to be supremely sure that he is right if no one else agrees with him. “Given how much stuff was coming at us,” Obama told me, “we probably spent much more time trying to get the policy right than trying to get the politics right. There is probably a perverse pride in my administration — and I take responsibility for this; this was blowing from the top — that we were going to do the right thing, even if short-term it was unpopular. And I think anybody who’s occupied this office has to remember that success is determined by an intersection in policy and politics and that you can’t be neglecting of marketing and P.R. and public opinion.”

That presumes that what he did was the right thing, a matter of considerable debate. The left thinks he did too little; the right too much. But what is striking about Obama’s self-diagnosis is that by his own rendering, the figure of inspiration from 2008 neglected the inspiration after his election. He didn’t stay connected to the people who put him in office in the first place. Instead, he simultaneously disappointed those who considered him the embodiment of a new progressive movement and those who expected him to reach across the aisle to usher in a postpartisan age. On the campaign trail lately, Obama has been confronted by disillusionment — the woman who was “exhausted” defending him, the mother whose son campaigned for him but was now looking for work. Even Shepard Fairey, the artist who made the iconic multihued “Hope” poster, says he’s losing hope.

Perhaps that should have come as no surprise. When Obama secured the Democratic nomination in June 2008, he told an admiring crowd that someday “we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal; this was the moment when we ended a war and secured our nation and restored our image as the last, best hope on earth.”

I read that line to Obama and asked how his high-flying rhetoric sounded in these days of low-flying governance. “It sounds ambitious,” he agreed. “But you know what? We’ve made progress on each of those fronts.” He quoted Mario Cuomo’s line about campaigning in poetry and governing in prose. “But the prose and the poetry match up,” he said. “It would be very hard for people to look back and say, You know what, Obama didn’t do what he’s promised. I think they could say, On a bunch of fronts he still has an incomplete. But I keep a checklist of what we committed to doing, and we’ve probably accomplished 70 percent of the things that we talked about during the campaign. And I hope as long as I’m president, I’ve got a chance to work on the other 30 percent.”

But save the planet? If you promise to save the planet, might people think you would, you know, actually save the planet? He laughed, before shifting back to hope and inspiration. “I make no apologies for having set high expectations for myself and for the country, because I think we can meet those expectations,” he said. “Now, the one thing that I will say — which I anticipated and can be tough — is the fact that in a big, messy democracy like this, everything takes time. And we’re not a culture that’s built on patience.”

These days, Obama has been seeking guidance in presidential biographies. He is reading, among others, “The Clinton Tapes,” Taylor Branch’s account of his secret interviews with Bill Clinton during the eight years of his presidency. “I was looking over some chronicles of the Clinton years,” Obama told me, “and was reminded that in ’94 — when President Clinton’s poll numbers were lower than mine, and obviously the election ended up being bad for Democrats — unemployment was only 6.6 percent. And I don’t think anybody would suggest that Bill Clinton wasn’t a good communicator or was somebody who couldn’t connect with the American people or didn’t show empathy.”

In the fall of 1994, things were even better than Obama recalls: unemployment was in fact 5.6 percent. If the feel-your-pain president had trouble when the economy was not nearly as bad as it is now, with 9.6 percent unemployment, then maybe the issue for Obama is not that he is too cool or detached, as some pundits say. When the economy is bad, even the most talented of presidents suffer at the polls. “There is an anti-establishment mood,” Rahm Emanuel, the former Clinton aide who served as Obama’s first White House chief of staff, told me before he stepped down this month. “We just happen to be here when the music is stopping.”

It would be bad form for the president to anticipate an election result before it happens, but clearly Obama hopes that just as Clinton recovered from his party’s midterm shellacking in 1994 to win re-election two years later, so can he. There was something odd in hearing Obama invoke Clinton. Two years ago, Obama scorned the 42nd president, deriding the small-ball politics and triangulation maneuvers and comparing him unfavorably with Ronald Reagan. Running against Clinton’s wife, Obama was the anti-Clinton. Now he hopes, in a way, to be the second coming of Bill Clinton. Because, in the end, it’s better than being Jimmy Carter.

Last month, I made my way through the West Wing talking not only with Obama but also with nearly two dozen of his advisers — some of whom spoke with permission, others without — hoping to understand how the situation looks to them. The view from inside the administration starts with a basic mantra: Obama inherited the worst problems of any president in years. Or in generations. Or in American history. He prevented another Great Depression while putting in place the foundation for a more stable future. But it required him to do unpopular things that would inevitably cost him.

“He got here, and the expectations for what he could accomplish were very high and probably unrealistic,” Pete Rouse told me. Indeed, David Axelrod and David Plouffe, the masterminds of the 2008 presidential campaign, said they cautioned Obama after his victory to brace himself for a precipitous drop in his popularity given the severity of his challenges. “I told him at some point that at the end of ’10, his approval rating could be low- to mid-30s,” Plouffe told me.

Yet even if the White House saw it coming, this is an administration that feels shellshocked. Many officials worry, they say, that the best days of the Obama presidency are behind them. They talk about whether it is time to move on. While not in the 30s, Obama’s approval rating in surveys conducted by The New York Times and CBS News had fallen to 45 percent last month from 62 percent when he took office — just a point above where Clinton was before losing Congress in 1994 and three points above where Reagan was before the Republicans lost a couple dozen House seats in 1982. Joel Benenson, Obama’s pollster, pointed out that even at 45 percent, the president’s popularity eclipses that of Congress, the news media, the banks and other forces in American life. “We are in a time when the American public is highly suspect of any institution,” he said, “and President Obama still stands above that.” Obama’s team takes pride that he has fulfilled three of the five major promises he laid out as pillars of his “new foundation” in an April 2009 speech at Georgetown University — health care, education reform and financial reregulation. And they point to decisions to end the combat mission in Iraq while escalating the war in Afghanistan. “History will judge Obama that the first two years were very productive,” Rouse says.

But it is possible to win the inside game and lose the outside game. In their darkest moments, White House aides wonder aloud whether it is even possible for a modern president to succeed, no matter how many bills he signs. Everything seems to conspire against the idea: an implacable opposition with little if any real interest in collaboration, a news media saturated with triviality and conflict, a culture that demands solutions yesterday, a societal cynicism that holds leadership in low regard. Some White House aides who were ready to carve a new spot on Mount Rushmore for their boss two years ago privately concede now that he cannot be another Abraham Lincoln after all. In this environment, they have increasingly concluded, it may be that every modern president is going to be, at best, average.

“We’re all a lot more cynical now,” one aide told me. The easy answer is to blame the Republicans, and White House aides do that with exuberance. But they are also looking at their own misjudgments, the hubris that led them to think they really could defy the laws of politics. “It’s not that we believed our own press or press releases, but there was definitely a sense at the beginning that we could really change Washington,” another White House official told me. “ ‘Arrogance’ isn’t the right word, but we were overconfident.”

The biggest miscalculation in the minds of most Obama advisers was the assumption that he could bridge a polarized capital and forge genuinely bipartisan coalitions. While Republican leaders resolved to stand against Obama, his early efforts to woo the opposition also struck many as halfhearted. “If anybody thought the Republicans were just going to roll over, we were just terribly mistaken,” former Senator Tom Daschle, a mentor and an outside adviser to Obama, told me. “I’m not sure anybody really thought that, but I think we kind of hoped the Republicans would go away. And obviously they didn’t do that.”

Senator Dick Durbin, the No. 2 Democrat in the upper chamber and Obama’s ally from Illinois, said the Republicans were to blame for the absence of bipartisanship. “I think his fate was sealed,” Durbin said. “Once the Republicans decided they would close ranks to defeat him, that just made it extremely difficult and dragged it out for a longer period of time. The American people have a limited attention span. Once you convince them there’s a problem, they want a solution.”

Gov. Ed Rendell of Pennsylvania, though, is among the Democrats who grade Obama harshly for not being more nimble in the face of opposition. “B-plus, A-minus on substantive accomplishments,” he told me, “and a D-plus or C-minus on communication.” The health care legislation is “an incredible achievement” and the stimulus program was “absolutely, unqualifiedly, enormously successful,” in Rendell’s judgment, yet Obama allowed them to be tarnished by critics. “They lost the communications battle on both major initiatives, and they lost it early,” said Rendell, an ardent Hillary Clinton backer who later became an Obama supporter. “We didn’t use the president in either stimulus or health care until we had lost the spin battle.”

That’s a refrain heard inside the White House as well: it’s a communication problem. The first refuge of any politician in trouble is that it’s a communication problem, not a policy problem. If only I explained what I was doing better, the people would be more supportive. Which roughly translates to If only you people paid attention, you wouldn’t be kicking me upside the head. Robert Gibbs, the White House press secretary, laughed at the ever-ready assumption that all problems stem from poor communication. “I haven’t been at a policy-problem meeting in 20 months,” he noted.

The policy criticism of Obama can be confusing and deeply contradictory — he is a liberal zealot, in the view of the right; a weak accommodationist, in the view of the left. He is an anticapitalist socialist who is too cozy with Wall Street, a weak-on-defense apologist for America who adopted Bush’s unrelenting antiterror tactics at the expense of civil liberties.

“When he talked about being a transformational president, it was about restoring the faith of the American people in our governing institutions,” says Ken Duberstein, the former Reagan White House chief of staff who voted for Obama in 2008. “What we now know is that that did not work. If anything, people are even more dubious about all of our institutions, especially government. So to that extent, the transformational side has not worked. And frankly I would settle these days — forget about transformational, how about a transactional president, somebody people could do business with? It seems there’s an ideological rigidity that the American people did not sense.”

The other side would like more ideological rigidity. Norman Solomon, a leading progressive activist and the president of the Institute for Public Accuracy, said Obama has “totally blown this great opportunity” to reinvent America by being more aggressive on issues like a public health care option. Other liberals feel the same way about gays in the military or the prison at Guántanamo Bay. “It’s been so reflexive since he was elected, to just give ground and give ground,” Solomon told me. “If we don’t call him a wimp, which may be the wrong word, he just seems to be backpedaling.” Solomon added: “It makes people feel angry and perhaps used. People just feel like, Gee, we really believed in this guy, and his rhetoric is so different than the way he’s behaved in office.”

Pummeled from both sides, Obama clearly seems frustrated and, at times, defensive. At a Labor Day event in Milwaukee, he complained that the special interests treat him badly. “They’re not always happy with me,” he told supporters. “They talk about me like a dog — that’s not in my prepared remarks, but it’s true.”

The friendly fire may bother him even more. “Democrats just congenitally tend to see the glass as half empty,” Obama said at a fund-raiser in Greenwich, Conn., last month. “If we get an historic health care bill passed — oh, well, the public option wasn’t there. If you get the financial reform bill passed — then, well, I don’t know about this particular derivatives rule, I’m not sure that I’m satisfied with that. And, gosh, we haven’t yet brought about world peace. I thought that was going to happen quicker.”

Then again, it is Obama himself, and not just his supporters, who casts his presidency in grandiose terms. As he pleaded with Democrats for patience at another fund-raiser in Washington two weeks later: “It took time to free the slaves. It took time for women to get the vote. It took time for workers to get the right to organize.”

One morning around the 100-day mark in Obama’s administration, the president and his top aides gathered for their morning meeting in the Oval Office. As they waited for David Axelrod, who was running late, someone noted the coming milestone and asked Obama what surprised him most since taking office. “The number of people who don’t pay their taxes,” he answered sardonically.

From the start, Obama has been surprised by all sorts of challenges that have made it hard for him to govern — not just the big problems that he knew about, like the economy and the wars, but also the myriad little ones that hindered his progress, like one nominee after another brought down by unpaid taxes. Obama trusted his judgment and seemed to have assumed that impressive people in his own party must have a certain basic sense of integrity — and that impressive people in the other party must want to work with him.

Four of the five presidents previous to Obama were governors who came to Washington vowing to fix it, only to realize that Washington defies the easy, and often hollow, rhetoric of change. While Obama was a senator when he set off on the campaign trail, he made the same pledges and has encountered the same reality. “The story of the first two years is the inherent conflict between a guy who ran from outside to change Washington, gets here and the situation was even worse than we thought it was,” a senior aide told me. “Here’s a guy who ran as an outsider to change Washington who all of a sudden realized that just to deal with these issues, we were going to have to work with Washington to fix that.”

Obama does little to disguise his disdain for Washington and the conventions of modern politics. When he emerges from the Oval Office during the day, aides say, he sometimes pauses before the split-screen television in the outer reception area, soaks in the cable chatter, then shakes his head and walks away. “He’s still never gotten comfortable here,” a top White House official told me. He has little patience for what Valerie Jarrett, a senior adviser, calls “the inevitable theatrics of Washington.”

But in politics, theater matters, whether it should or not, a lesson Obama keeps relearning, however grudgingly. His decision to redecorate the Oval Office was criticized as an unnecessary luxury in a time of austerity, no matter that it was paid for by private funds. On the campaign trail, he thought it was silly to wear a flag pin, as if that were a measure of his patriotism, until his refusal to wear a flag pin generated distracting criticism and one day he showed up wearing one. Likewise, he thought it was enough to pray in private while living in the White House, and then a poll showed that most Americans weren’t sure he’s Christian; sure enough, a few weeks later, he attended services at St. John’s Church across from Lafayette Square, photographers in tow.

Obama came to office with enormous faith in his own powers of persuasion. He seemed to believe he could overcome divisions if he just sat down with the world’s most recalcitrant figures — whether they be the mullahs in Tehran or the Republicans on Capitol Hill. As it turned out, the candidate who said he would be willing to meet in his first year with some of America’s enemies “without precondition” has met with none of them. And the president who in his State of the Union address this year promised to meet monthly with leaders of both parties in Congress ended up doing so just half as often.

He has yet to fully decide whether he is of Washington or apart from it. During the health care debate, Obama had Emanuel cut deals with the pharmaceutical industry, while Axelrod presented the president as above the old business as usual. “Perhaps we were naïve,” Axelrod told me. “First, he’s always had good relations across party lines. And secondly, I think he believed that in the midst of a crisis you could find partners on the other side of the aisle to help deal with it. I don’t think anyone here expected the degree of partisanship that we confronted.” Emanuel said Republicans adopted a strategy of poisoning the public well. “Part of what they were doing was not just making us grind it out,” he told me. “They were souring the country on the mood of the country.”

Still, Obama plays the partisan game as well. After months of quiet negotiations, some administration officials thought they were close to a package of new financial regulations with Republican support when, to their chagrin, the White House decided to use the issue to wage a high-profile and politically useful battle with Wall Street special interests. At that point, the chances for a deal across party lines collapsed, administration officials said, and Obama was left to rely almost entirely on Democratic votes.

Obama advisers who left the White House recently have been struck how different, and worse, things look from the outside. As he made a round of corporate job interviews after stepping down as White House budget director, Peter Orszag was stunned to discover how deep the gulf between the president and business had become. “I’d thought it was an 8, but it’s more like a 10,” he told me. “And rather than wasting time debating whether it’s legitimate,” he added, referring to his former colleagues, “the key is to recognize that it’s affecting what they do.”

Insulation is a curse of every president, but more than any president since Jimmy Carter, Obama comes across as an introvert, someone who finds extended contact with groups of people outside his immediate circle to be draining. He can rouse a stadium of 80,000 people, but that audience is an impersonal monolith; smaller group settings can be harder for him. Aides have learned that it can be good if he has a few moments after a big East Room event so he can gather his energy again. Unlike Clinton, who never met a rope line he did not want to work, Obama does not relish glad-handing. That’s what he has Vice President Joe Biden for. When Obama addressed the Business Roundtable this year, he left after his speech without much meet-and-greet, leaving his aides frustrated that he had done himself more harm than good. He is not much for chitchat. When he and I sat down, he started our session matter-of-factly: “All right,” he said, “fire away.”

By all accounts, Obama copes with his political troubles with equanimity. “Zen” is the word commonly used in the West Wing. That’s not to say he never loses his temper. He has been known to snap at aides when he feels overscheduled. He cuts off advisers who spout information straight from briefing papers with a testy “I’ve already read that.” He does not like it when aides veer out of their assigned lanes, yet they have learned to show up at meetings with an opinion, because he zeroes in on those who stay silent. He was subdued during the Gulf of Mexico oil spill, when he found himself largely powerless. Other presidents took refuge at Camp David, but Michelle Obama has told dinner guests that her husband does not care for it all that much, because he is an urban guy. He blows off steam on the White House basketball court. “Come on, man, you’ve got to make that shot,” he chides aides who play with him.

The most obvious sign of strain is in his hair. “He’ll probably be unhappy with me for saying, but I’ve noticed he’s gotten a little grayer,” Defense Secretary Robert Gates told me over the summer. “These kinds of decisions do that to people.” But the stress of the job remains mostly unspoken. “We usually will talk about writing the condolence letters,” Gates added. “But other than that, we don’t dwell on it.” If anything, Obama more often than not bucks up young members of his staff, reminding them that politics, like life, is full of cycles and they will someday be able to tell their children that they were part of something big.

While Clinton made late-night phone calls around Washington to vent or seek advice, Obama rarely reaches outside the tight group of advisers like Emanuel, Axelrod, Rouse, Messina, Plouffe, Gibbs and Jarrett, as well as a handful of personal friends. “He’s opaque even to us,” an aide told me. “Except maybe for a few people in the inner circle, he’s a closed book.” In part because of security, just 15 people have his BlackBerry e-mail address. On long Air Force One flights, he retreats to the conference room and plays spades for hours, maintaining a trash-talking contest all the while, with the same three aides: Reggie Love, his personal assistant; Marvin Nicholson, his trip director; and Pete Souza, his White House photographer. (When I asked if he had an iPad, Obama said, “I have an iReggie, who has my books, my newspapers, my music all in one place.”)

Jarrett attributes Obama’s equilibrium to his upbringing. “He’s really different,” she told me. “It’s rooted in his sense of self and how he grew up with a single mom, living at times on food stamps, working as a community organizer.” As Gibbs put it: “He has a remarkable way of focusing on the big picture and the longer term. It’s not to say that he’s immune from criticism. But he can categorize in his head the difference between what’s a setback, what’s a bump along the way and what’s just noise.”

There is certainly no shortage of noise. But as Obama gets back on the campaign trail, aides have noticed his old spirit again. He particularly enjoys the so-called backyard sessions on the lawns of supporters. “That’s the happiest I’ve seen him in a long time,” an aide said. After one, Obama told the aide, “This reminds me of Iowa on the bus.”

Nostalgia for the good old days of the campaign afflicts any White House in trouble. After all, those were the romantic moments when all was possible, when tens of thousands of people would gather in Grant Park to tear up over the promise of what will be. But in sober moments, Obama understands how selective the memories really are. “The mythology has emerged somehow that we ran this flawless campaign, I never made a mistake, that we were master communicators, everything worked in lock step,” he told me. “And somehow now, as president, things are messy and they don’t always work as planned and people are mad at us. That’s not how I look at stuff, because I remember what the campaign was like. And it was just as messy and just as difficult. And there were all sorts of moments when our supporters lost hope, and it looked like we weren’t going to win. And we’re going through that same period here.”

In covering the last three presidents, I have watched as each has been tested, albeit in very different circumstances — Clinton’s impeachment over false testimony under oath about an affair with a White House intern, Bush’s drive to begin a war that would drag on for years at enormous cost and Obama’s struggle to turn around the worst economic crisis since the Great Depression. They are starkly variable crises, but some dynamics are familiar: presidents who live and die by polls insist they are not important when they fall; they argue that they are focused on principle, not politics, when it’s almost always a mixture of both; they acknowledge difficulties but say they will pass; they portray themselves as courageous when flying against public opinion; they complain that the news media distort the situation and fuel division; they blame their opponents for practicing the politics of destruction and obstruction.

Talking with Obama and his aides, it’s eerie to hear echoes of Clinton and Bush. Obama says the easy issues never make it to him, only the hard ones; Bush often said the same thing. Obama says our war with terrorists will never end in a surrender ceremony; Bush often said the same thing. Obama says he does not want to kick problems down the road; Bush often said the same thing. In the days leading up to the 1994 midterm elections, Clinton mocked Republicans for promising to balance the budget while cutting taxes, saying, “They’re not serious.” In our conversation, Obama used some variation of the phrase “they’re not serious” four times in referring to Republican budget plans.

That is not to say the three men are alike; indeed, they are vastly different. But putting ideology aside, Obama at times seems to be a cross between his two predecessors. Like Clinton, he digs into the intellectual underpinnings of a policy decision, studying briefing books and seeking a range of opinions. Some aides express frustration that he can leave decisions unresolved for too long. But like Bush, once he has made a decision, Obama rarely revisits it. And like Bush, he runs a pretty disciplined operation; he started our interview a half-hour ahead of schedule, just as Bush sometimes did. Clinton, on the other hand, still runs on Clinton Standard Time. Just a few weeks ago, he was more than six hours late for a scheduled interview with another journalist. One constant among all three: It took Clinton and Bush some time to really grow into the presidency, until they wore it comfortably.

As Obama looks to the experiences of Clinton and Reagan, who both rebounded from midterm debacles to win re-election, the lessons differ. In Reagan’s case, the House was already in Democratic hands, so during his first two years, he forged coalitions of Republicans and conservative Democrats. After the opposition was strengthened in the 1982 elections, that was no longer viable, and Reagan began working more with Democratic leaders. Clinton likewise changed course after the 1994 elections, emphasizing more incremental, piece-by-piece change rather than sweeping proposals and pursuing goals like welfare reform and balanced budgets when he could agree with Newt Gingrich’s new majority.

Clinton, though, was more instinctively centrist than Obama is, and his revival owed much to other factors, particularly his leadership after the Oklahoma City bombing and his budget standoff with Gingrich during the partial government shutdown. Some argue Obama might be better off with at least one Republican chamber so he too has a foil as Clinton did. But it is unclear if Obama is as agile a politician as Reagan or Clinton. “He’s no Bill Clinton when it comes to having the ability to move and to wiggle,” says Joe Gaylord, a top Gingrich adviser. “I find rigidity in Obama that comes from his life in liberalism.” Ken Duberstein likewise doubts Obama’s capacity for adjustment. “They’re much better at the art of campaigning than the art of governing,” he said.

Perhaps the more important historical pattern to consider is this one: The last four presidents who failed to win a second term were all challenged in their own party. Lyndon Johnson was driven out of the race in 1968 after nearly losing the New Hampshire primary to Eugene McCarthy. Gerald Ford fended off Reagan in 1976 but went on to lose the general election to Carter, who likewise had to beat a primary challenger four years later, Ted Kennedy, before falling to Reagan. And George H. W. Bush had to overcome Patrick Buchanan before losing to Clinton in 1992.

So it is a high priority for Obama to prevent any intraparty fight in 2012, and to date, despite the fire from the left, no serious challenger appears on the horizon. Putting Hillary Clinton in the cabinet may turn out to be one of Obama’s smartest moves, because it not only eliminated her as a would-be challenger, but it also should presumably squelch the will-she-or-won’t-she speculation that otherwise would have played out for months. (Instead, the guessing game has her replacing Biden on the ticket, however fanciful that might be.)

As the first African-American president, Obama is more aware than most of the limits of looking back. But he also has read enough presidential biographies to know he is not the first to encounter rocky times. “History never precisely repeats itself,” Obama told me. “But there is a pattern in American presidencies — at least modern presidencies. You come in with excitement and fanfare. The other party initially, having been beaten, says it wants to cooperate with you. You start implementing your program as you promised during the campaign. The other party pushes back very hard. It causes a lot of consternation and drama in Washington. People who are already cynical and skeptical about Washington generally look at it and say, This is the same old mess we’ve seen before. The president’s poll numbers drop. And you have to then sort of wrestle back the confidence of the people as the programs that you’ve put in place start bearing fruit.”

To better understand history, and his role in it, Obama invited a group of presidential scholars to dinner in May in the living quarters of the White House. Obama was curious about, among other things, the Tea Party movement. Were there precedents for this sort of backlash against the establishment? What sparked them and how did they shape American politics? The historians recalled the Know-Nothings in the 1850s, the Populists in the 1890s and Father Charles Coughlin in the 1930s. “He listened,” the historian H. W. Brands told me. “What he concluded, I don’t know.”

Obama’s conclusions are still being formed. He has learned that “Washington is even more broken than we thought,” as one aide put it. He has trusted his own judgment as he disregarded advisers who told him to scale back health care at various stages. And he has found that his vaunted speaking skills are not enough to change the dynamics of governance. “One of the lessons he has to learn is What is the best form of communication for him with the American people,” the historian Doris Kearns Goodwin told me. “He’s so good in front of an audience, and I get the sense that he needs the energy off the audience. And so speaking to television cameras doesn’t really do that.”

As we talked in the Oval Office, Obama acknowledged that the succession of so many costly initiatives, necessary as they may have been, wore on the public. “That accumulation of numbers on the TV screen night in and night out in those first six months I think deeply and legitimately troubled people,” he told me. “They started feeling like: Gosh, here we are tightening our belts, we’re cutting out restaurants, we’re cutting out our gym membership, in some cases we’re not buying new clothes for the kids. And here we’ve got these folks in Washington who just seem to be printing money and spending it like nobody’s business.

“And it reinforced the narrative that the Republicans wanted to promote anyway, which was Obama is not a different kind of Democrat — he’s the same old tax-and-spend liberal Democrat.”

Emanuel told me that the cascading crises in Obama’s early days exacted a lasting toll. “The seeds of his political difficulty today were planted in taking those steps,” he said. White House officials largely agree they should not have let the health care process drag out while waiting for Republican support that would never come. “It’s not what people felt they sent Barack Obama to Washington to do, to be legislator in chief,” a top adviser told me. “It lent itself to the perception that he wasn’t doing anything on the economy.” Plouffe agreed that guilt by association with Democratic lawmakers did not help. “When you swim in those waters, you’re going to be affected by that,” he said. “I do think he’s paid a political price, somewhat, for having to be tied to Congress.”

Still, for all the second-guessing, what you do not hear in the White House is much questioning of the basic elements of the program — Obama aides, liberal and moderate alike, reject complaints from the right that the stimulus did not help the economy or that health care expands government too much, as well as complaints from the left that he should have pushed for a bigger stimulus package or held out for a public health care option. “We asked for more stimulus than we ended up with,” Larry Summers, the outgoing national economics adviser, told me. “But we fought as hard as we could, and I believe we got as much as Congress was ever going to give us at that time.”

And they argue that any mistakes affected things only at the margins. “There’s all this talk in this town — if we had done energy before health care, if we had focused more on small business, if we had done an Oval on the economy instead of Iraq, we would be doing better,” Dan Pfeiffer, the communications director, says. “I don’t believe that. We could always do things differently, and there are plenty of things I wish I had back. But I don’t know they’d change the overall trend.”

Melody Barnes, the president’s domestic-policy adviser, says the biggest problem was that after eight years of Bush, Obama’s supporters were very eager to change everything right away. “The pent-up demand across every issue area — around science, around education, around health care, immigration, you name it — there was a lot of desire to finally get these things done,” she told me. “Every segment of the population had something that was very important to them that they really wanted to put over the finish line.”

Obama is preaching patience in an impatient age. One prominent Democratic lawmaker told me Obama’s problem is that he is not insecure — he always believes he is the smartest person in any room and never feels the sense of panic that makes a good politician run scared all the time, frenetically wooing lawmakers, power brokers, adversaries and voters as if the next election were a week away.

Instead, what you hear Obama aides talking about is that the system is “not on the level.” That’s a phrase commonly used around the West Wing — “it’s not on the level.” By that, they mean the Republicans, the news media, the lobbyists, the whole Washington culture is not serious about solving problems. The challenge, as they see it, is how to rise above a town that can obsess for a week on whether an obscure Agriculture Department official in Georgia should have been fired. At the same time, as Emanuel told me, “We have to play the game.”

As Brands, the historian, put it, “It’ll be really interesting to see if a president who is thinking long term can have an impact on a political system that is almost irredeemably short term in its perspective.”

“I’d rather be a really good one-term president than a mediocre two-term president.” So Obama told Diane Sawyer of ABC News last January at another low point, just after the Republican Scott Brown captured the Massachusetts Senate seat held for decades by Ted Kennedy, costing Democrats their filibuster-proof control of the upper chamber and jeopardizing the president’s health care plan.

It’s a good line, but it’s one of those things easier said in the first or second year of a presidency. By the third, it starts to become an actual choice. Forks in the road require a president to decide if he will advance ideas that will genuinely change the country even if deeply unpopular or if he will opt instead for a safer route that does not put re-election at risk. Obama aides like to argue that he has already demonstrated willingness to put aside politics by bailing out the banks and automakers, decisions that he saw as critical to preventing greater economic catastrophe (and that ultimately cost taxpayers far less than initially feared).

But would he jeopardize re-election absent an immediate crisis? The choice may confront him soon after the midterms when his bipartisan fiscal commission reports back by Dec. 1 with plans to tame the national deficit with a politically volatile menu of unpalatable options, like scaling back Medicare and Social Security while raising taxes. Obama also anticipates putting immigration reform, another divisive issue fraught with political danger, back on the table. “If the question is, Over the next two years do I take a pass on tough stuff,” he told me, “the answer is no.”

Obama’s aides say they will most likely set up their re-election campaign around next March, roughly the same as when Bush and Clinton incorporated their incumbent campaign operations. They are more optimistic about 2012 than they are about 2010, believing the Tea Party will re-elect Barack Obama by pulling the Republican nominee to the right. They doubt Sarah Palin will run and figure Mitt Romney cannot get the Republican nomination because he enacted his own health care program in Massachusetts. If they had to guess today, some in the White House say that Obama will find himself running against Mike Huckabee, the former Arkansas governor.

With that campaign on the horizon, Obama asked Pete Rouse and Jim Messina to begin thinking about the next phase of his presidency, not just personnel but also priorities and message. Never mind that Rouse was among those who wanted to leave — for years, he has been saying he wanted out of politics but never says no to Obama. Indeed, when Rouse told colleagues he wanted to leave the White House by the end of this year, Messina bet him $400 that he would not. “We’ll see what happens,” Rouse told me when I asked about the bet last month. Then Obama made Rouse interim chief of staff. Rouse initially resisted moving into Rahm Emanuel’s corner suite until colleagues threatened to move his files for him. Messina jokes that Rouse will turn off the Oval Office lights after eight years and before assuming his new job, running Obama’s presidential library.

Rouse is managing a slow-motion White House shuffle. By year’s end, there will be a new chief of staff, a new national-economics adviser, a new budget director, a new chairman of the Council of Economic Advisers and a new national-security adviser, among others. Axelrod and Messina expect to leave by spring to set up Obama’s re-election effort, and Plouffe will almost certainly come into the White House in a senior role.

“There are a lot of lessons learned in the last two years in terms of how we might improve internal communication, encourage greater accountability without discouraging individual initiative,” said one aide familiar with the discussions led by Rouse and Messina. Obama has been aggravated by friction among his advisers. “He’s a little frustrated with the internal dysfunction,” the aide said. “He doesn’t like confrontation.” But his initial choices to fill open slots have been drawn largely from his administration, suggesting more continuity than change.

Rouse and Messina see areas for possible bipartisan agreement, like reauthorizing the nation’s education laws to include reform measures favored by centrists and conservatives, passing long-pending trade pacts and possibly even producing scaled-back energy legislation. “You’ll hear more about exports and less about public spending,” a senior White House official said. “You’ll hear more about initiative and private sector and less about the Department of Energy. You’ll hear more about government as a financier and less about government as a hirer.”

Obama expressed optimism to me that he could make common cause with Republicans after the midterm elections. “It may be that regardless of what happens after this election, they feel more responsible,” he said, “either because they didn’t do as well as they anticipated, and so the strategy of just saying no to everything and sitting on the sidelines and throwing bombs didn’t work for them, or they did reasonably well, in which case the American people are going to be looking to them to offer serious proposals and work with me in a serious way.”

I asked if there were any Republicans he trusted enough to work with on economic issues. The first name he came up with was Senator Judd Gregg of New Hampshire, who initially agreed to serve as Obama’s commerce secretary before changing his mind. But Gregg is retiring. The only other Republican named by Obama was Paul Ryan, the Wisconsin congressman who has put together a detailed if politically problematic blueprint for reducing federal spending. The two men are ideologically poles apart, but perhaps Obama sees a bit of himself in a young, substantive policy thinker.

Even if such an alliance emerges, though, the next two years will be mostly about cementing what Obama did in his first two years — and defending it against challenges in Congress and the courts. “Even if I had the exact same Congress, even if we don’t lose a seat in the Senate and we don’t lose a seat in the House, I think the rhythms of the next two years would inevitably be different from the rhythms of the first two years,” Obama told me. “There’s going to be a lot of work in this administration just doing things right and making sure that new laws are stood up in the ways they’re intended.”

As a senior adviser put it, “There’s going to be very little incentive for big things over the next two years unless there’s some sort of crisis.” Yet Obama and his aides still scorn Bill Clinton’s small-bore approach. “It’s fair to assume you’re not going to see school uniforms play a big role in the next two years,” Plouffe told me. “His view is you can’t spend two years playing four-corners.” Before he left, Emanuel told me: “I’m not of the view that you do nothing. I think you’ve got to have an agenda.”

But what sort of agenda? Not as sweeping and not as provocative, say some advisers. “It will have to be limited and focused on the things that are achievable and high priorities for the American people,” Dick Durbin told me. Tom Daschle said Obama would have to reach out to adversaries. “The lessons of the last two years are going to be critical,” he told me. “The key word is ‘inclusion.’ He’s got to find ways to be inclusive.”

Rendell thinks otherwise. “Don’t care so much about bipartisanship if the Republicans continue to refuse to cooperate,” he advised. “Do what you have to do. Fight back.” At the same time, he said, stop moaning about what he inherited: “After the election, I’d say no more pointing back, no more blaming the Bush administration. It’s O.K. to do that during the campaign and then stop. But to do it as much as we do it, it sounds like a broken record. And after two years, you own it.”

Obama will own it for another two years, or six if he can find his way forward. As an author, Obama appreciates the rhythms of a tumultuous story. But who is the protagonist, really? At bottom, this president is still a mystery to many Americans. During the campaign, he sold himself — or the idea of himself — more than any particular policy, and voters filled in the lines as they chose. He was, as he said at the time, the ultimate Rorschach test.

Now the lines are being filled in further. With each choice Obama makes, he further defines himself for better or worse in Americans’ minds. He says he knows where he is going and is gathering momentum despite the hurdles ahead. As he told a group of visitors during the week last spring that Congress passed health care and his administration reached agreement on an arms-control treaty with Russia, “I start slow, but I finish strong.”

He will have to, if the history he is writing is to turn out the way he prefers.

Peter Baker is a White House correspondent for The Times and a contributing writer for the magazine.

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Subject: FW: A MUST READ – November 2, Elections

I  agree with this message I received today:  Please continue to circulate.  Thanks

Subject: Message to Democrats:

We must vote on November 2, like our lives depend on it, because it does.  The Republican party has been hi-jacked by dangerous, radical  hate mongers called the “Tea Party”. They are led by Glen Beck and Sara Palin  who’s only goal is to take down President Obama and the government. In any third world country this would be called a “Coup de Etat”.  In America we fight “coups” at the ballot box. These people hate Blacks.  They hate Latinos . They hate Muslims and have at times made many anti-Semitic statements. They hate Gays. They hate any moderate Republican who might be likely to cooperate with Obama.

Their rallying cry?  “We want to take back our country!!  Take it back from whom? American soil is still wet with the blood of our ancestors who fought for our right to vote. And vote we must!

The polls say Republicans are going to win enough votes to take over the senate and congress because Democrats lack the enthusiasm to vote. We must get as many people to the polls now as we did to vote for Obama.  We don’t need enthusiasm. We need to vote out fear.  Fear that these radicals could take this country back to Jim Crow and the hey-day of the Klu-Klux-Klan. Don’t think it could happen?  Just stay home on election day and see what happens to this country.

Time is very short. Don’t leave the voting to the other guy. Vote a straight Democratic ticket for your state: Governor, and especially senator and congressman.  Try to reach as many people as you can, like African drums across America .

Forward this E-mail to at least 15 people and please keep it going pretty much like a chain letter. We can’t beak the chain or we may find ourselves in chains once more!!

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Rush Limbaugh Opinion On Michael Steele’s Comment (Transcript)

BEGIN TRANSCRIPT
RUSH: Now, I paid no attention to TV over the weekend. Zilch, zero, nada. In fact, I am in withdrawal ever since Lost and “24″ ended, there’s nothing out there. I can’t wait for football season to start. But I did get roped into watching The Bachelorette last night. Folks, I gotta tell you, it’s the funniest show. It’s deathly scary if this show represents — you know, I’m sitting there watching this show and I asked Kathryn, “What is the average IQ of the person watching this show who’s really into it, who really, really thinks –” (interruption) No, we watched it as a laugh thing, Snerdley, we watched it to laugh at it, we watched it to cringe, and we laughed and we cringed, and then I said, “I’m trying to imagine people glued to their TVs who believe this, who think this is great programming, who want to be on this show.” And then I think, are they voting? (interruption) No, it’s not on the DVR list. In fact, it was not planned. It was just something that popped up. You know, spur of the moment decision. So anyway I haven’t had the TV on, so I come in here and Cookie has the sound bite roster for me, and let’s go to audio sound bite five. Last Saturday Fox News Channel cohost Rick Folbaum and Cal Thomas had this exchange about Michael Steele.

FOLBAUM: Rush Limbaugh hasn’t really had a chance to weigh in on this yet. He hasn’t been on the radio, at least not to my knowledge, since this first became public. What happens if Rush gets on the air on Tuesday or whenever he’s back in the chair, and he says Michael Steele’s gotta go? They’ve had their back-and-forth before. What do you think?

THOMAS: Yeah. That’s right. Right. They did. And Limbaugh took him on and Michael had to apologize to Rush Limbaugh, and there are all kinds of editorials from the Washington Post and other places, columns, saying, you know, what is this? He’s apologizing to a talk show host. But it’s a pattern. And if the pattern — look, everybody’s entitled to one or two gaffes. If it becomes a pattern and he becomes the story, rather than the ideas and the issues and the objectives of the Republican Party, no person is worth keeping on for any reason who becomes a distraction.

RUSH: And they went on to say here that Michael Steele’s job hangs in the balance, is hanging by a thread, depending on what I say today.

FOLBAUM: If Rush Limbaugh does go on the air this coming week and calls for him to go away, I imagine that sort of plays into the Democratic playbook. I mean there’s been a lot of talk about Rush Limbaugh, Democrats love to say that he’s the head of the Republican Party. That would certainly give them another opportunity to do that, wouldn’t it?

LEE: Well, once again we will see who is the true spokesperson of the Republican Party and whether or not it is Rush Limbaugh or it is those that have been elected.

RUSH: Gee whiz.

LEE: I think this will be a very telling sign. It will also speak volumes to kind of what the message is going to be in 2010. Who really does lead the Republican Party? I think it will be fascinating to watch.

RUSH: So here I am, I’m watching The Bachelorette last night, I’m unaware of any of this and I find out that the Washington political culture is waiting on me to decide the fate of Michael Steele. And so, since it’s up to me, I will have an opinion on this at some point during the program today. I’m still undecided as to what my opinion ought to be, but apparently I hold the cards, and I’m going to hold the hand close to my chest here ’til I figure out what to do. Thumbs up or thumb down. I feel like Marcus Aurelius, Julius Caesar with the Christians and the lions in there at the Coliseum, up or down. So I gotta think about this now. I’ll let people know what I decide as the program unfolds today. Cynthia Tucker, ABC’s This Week, Sunday, roundtable, they discussed Michael Steele. And, by the way, this woman is the editorial director of the Atlanta Urinal and Constipation, and she has been for a long, long time. “Cynthia you once called Michael Steele an affirmative action hire gone bad.” By the way, she can say this because she’s African-American. Here’s what she said.

TUCKER: Michael Steele is a self-aggrandizing gaffe-prone incompetent who would have been fired a long time ago were he not black. Of course the irony is that he never would have been voted in as chairman of the Republican Party were he not black.

RUSH: Same with Obama.

TUCKER: It is very ironic since the Republican –

RUSH: Stop the tape a second. That’s exactly the same thing you could say about Obama. He wouldn’t have been voted president if he weren’t black. Somebody asked me over the weekend why does somebody earn a lot of money have a lot of money, because she’s black. It was Oprah. No, it can’t be. Yes, it is. There’s a lot of guilt out there, show we’re not racists, we’ll make this person wealthy and big and famous and so forth. The Chicago Sun-Times today has this story, it’s amazing, “How did we get conned, how did we get fooled? My God we’ve elected an empty suit. We elected somebody who had no experience, no idea what he was doing, the empty suit cost $5,000.” I thought my God, they finally woke up, they’re talking about Obama, but no, they’re talking about Blago. They’re asking themselves in Chicago how they got conned by Blagojevich! And you read this, and I will share it with you as the program unfolds, it could be written about Obama. So Cynthia Tucker says, yeah, he wouldn’t be hired by the GOP if he weren’t black.
BREAK TRANSCRIPT

RUSH: Washington awaits my fatwa on Michael Steele. Washington is paralyzed today until I issue my findings on this. The first thing I have to say about this: Cynthia Tucker said Steele would only have the gig if he was black. If Obama weren’t black he’d be a tour guide in Honolulu or he’d be teaching Saul Alinsky constitutional law or lecturing on it in Chicago, and if somebody’s “entitled to a couple of gaffes,” why do we still have Senator Bite Me running around as Vice President Bite Me, who is a walking gaffe every time he opens his mouth and he’s not even black! So what’s the Democrats’ excuse for having Joe Bite Me around as vice president? Now, to be serious about this, as best that we can make out here all the outrage is over Steele saying that the war in Afghanistan was a, quote, “war of Obama’s choosing, not something the US has actively prosecuted or wanted to engage in,” quote, unquote.

Now, at the worst he’s half right. The war in Afghanistan was the war Obama and the Democrats wanted to fight throughout the war in Iraq. They wanted to lose in Iraq. They wanted to get out of there and then “go get Bin Laden.” That would be the definition of success, and Obama claimed to be totally gung-ho about that. He claimed to object to the invasion of Iraq because it was a “distraction” from our true mission, which is the war in Afghanistan. So Steele, in my view — and this is part of my fatwa. Steele is at least half right which puts him way up on Vice President Bite Me who once again this weekend repeated his claim that Obama has won the war in Iraq when all Obama wanted to do was get out of Iraq and lose the war. Still, you would think there’s enough talent on display the Republican Party that they could find somebody to stay on message. But the dirty little secret is that the center of the Republican and/or, slash, conservative universe is not at the Republican National Committee. I still have not issued my fatwa. I’m thinking about it.

BREAK TRANSCRIPT

RUSH: Our nation’s capital remains paralyzed while awaiting my fatwa on Republican National Committee chairman Michael Steele. Now, remember, folks: All of these liberals, all these media people in their heart of hearts want the Republicans to fire Steele so they can run around out there and write about the Republicans firing a black guy. The one thing that’s happening here is there clearly is an effort to manipulate the Republicans as there always is and are doing, quote, unquote, “the right thing” morally and ethically and of course the right thing as far as the Democrats are concerned is doing something about which the Democrats and the media can then write embarrassing things about the GOP. That’s what they wish to do is report, “Republicans fired a black guy!”

Well, of course nobody pays any attention to how the Democrat Party undermines black candidates. Look at this poor guy in South Carolina. They’re trying to undermine this guy who won the primary there at 60% of the vote. Carl McCall, black gubernatorial candidate in New York, they told him to go pound sand. They’re trying to get David Paterson, the existing government of New York, to get out of there. The truth be known, it’s the Democrats and the left who show absolutely no compassion to black candidates. But suppose I were to say of Michael Steele something similar that Bill Clinton said at the memorial for Robert “Sheets” Byrd last week. I don’t know if you people caught this or not, but essentially Clinton said (doing impression), “Yeah, you know, Bobby, yeah (chuckling), he was from those hollows and the hills out there West Virginia. Back in his young days he did a couple things he shouldn’ta done. He knew it but he had to get elected.”

Yeah, he had to join the Klan to get elected. So we need to cut the guy some slack. (doing impression) “That’s right, Limbaugh. (chuckles) You nail it every time you analyze me. Exactly right. He had to do what he had to do. West Virginia, everybody knows the Klan had a big beachhead in there and if you wanted to get elected to something, you had to first join the Klan. But we have to look the other way ’cause he spent the rest of life trying to make up for it.” No, he didn’t, Mr. President. He voted against every black Supreme Court nominee came down the pike. So maybe we should forgive Michael Steele because he’s young. He’s doing things here in his relative youth, just as Robert Byrd did in his. I mean, Clinton and Obama told us so last week. When Byrd was youthful, say between ages 28 and 51, he did this. We were told to forgive Robert Byrd his Cyclops position. That was a recruiter. He founded a Klan chapter!

(impression) “That’s right, Limbaugh, but you’re ignoring what I’m saying: He had to do that because he had to get elected. That’s what West Virginia was when he was growing up.” Okay, so we excuse it, then. At any rate, ladies and gentlemen, I’m still considering what to do here. Whatever is done here, it ought not be done because Democrats demand it or because the media demand it ’cause, frankly, the Republican National Committee is not the center of the universe when it comes to winning these elections in November. The center of the universe is right here, at the Limbaugh Institute for Advanced Conservative Studies. It’s not at the RNC. So the bottom line is it doesn’t make any difference. Here. Back to the audio sound bites. Saturday, Sunday, yesterday, and this morning: A montage of ABC, Fox News, MSNBC, bunch of other news people reviewing. They’re obsessed with Steele and his long-ago insult of me. Remember?

STEVE CENTANNI: Chairman Steele has angered his GOP cohorts in the past. For instance, when he called Rush Limbaugh “incendiary.”

DAVID KERLEY: …Rush Limbaugh “incendiary and ugly.”

MIKA BRZEZINSKI: He calls Rush Limbaugh an entertainer. He has to apologize for that.

GREGG JARRETT: Steele has made a number of missteps, criticizing Rush Limbaugh.

JEANINE PIRRO: The fourth gaffe he made saying that his rhetoric is “incendiary” and it’s “ugly.”

DAVID KERLEY: There was that insult of Republican icon Rush Limbaugh.

RUSH: Yeah. So clearly the RNC head is simply a titular position. I am titular, the real grand pooh-bah, as everybody recognizes. That’s what all these sound bites are all about. I mean… (interruption) Well, no. Republican icon, yes, that’s true. They go back and forth, depending on when they want to elevate me and when they don’t. It’s clear that the center of the universe when it comes to conservative-Republican electoral politics is right here. All these audio sound bites prove it. Steele’s fate depends on me and my fatwa today. Ha. Still thinking about it. We will let you know.
BREAK TRANSCRIPT

RUSH: Now, ladies and gentlemen, people — I’ve checked the e-mail here — “Rush, you cannot drag this Michael Steele thing out the whole show.” Yes, I can. It’s my show and I can do with it whatever I want. I will say this: Whatever may or may not happen to Michael Steele, Michael Steele is more qualified to be the editorial director at the Atlanta Journal-Constitution than Cynthia Tucker is. You talk about controversial opinions? You talk about a full-fledged, radical, leftist-extreme agenda disguised as a journalist? That’s Cynthia Tucker. Michael Steele is not disguising himself as anything. He is being who he is. He may be “gaffe prone,” but Tucker, like other leftists, are ideologically incapable of logic — and, as I say, “If you’re only allowed ‘a couple of gaffes,’ somebody explain to me how Joe Bite Me remains vice president.”

BREAK TRANSCRIPT

RUSH: Kevin in Missoula, Montana, great to have you.

CALLER: Honor to speak with you.

RUSH: Thank you, sir.

CALLER: Your opening comments on Michael Steele got me to think a little bit, and I have to say, I have to agree with him, this is a war of Obama’s choosing. Obama has chose how the rules of engagement will work over there, he’s chose how the military’s gonna operate, and he’s also chosen a date when we’re going to extract ourselves out of there. So what we are getting over there is exactly what Obama is choosing for us.

RUSH: All right, now, since you think that, why do you think so many people are upset with Steele? And what do you think I ought to do about this?

CALLER: Well, I think I’ll leave that to the master.

RUSH: Well, that’s a very wise answer.

CALLER: (laughing)

RUSH: You think I have a special privileged life. You wouldn’t believe. Very few people think I really know what I’m doing in any aspect of my life, and tell me how to do it better, but you, sir, have deferred to expertise, and I thank you for that.

CALLER: You bet. Well, it’s my job to make the host look good.

RUSH: Don’t forget that.

CALLER: I won’t.

RUSH: I appreciate that very, very much.

BREAK TRANSCRIPT
RUSH: Cynthia Tucker is no longer at the Atlanta Urinal-Constipation. She’s a DC-based columnist, I’m told. And I have come to a decision on Michael Steele. I don’t know why everybody’s waiting for my fatwa. I’m going to defer the decision on Michael Steele to the genuine head of the Republican Party, General Colin Powell. It’s up to him. I wash my hands of this.

BREAK TRANSCRIPT

RUSH: So my fatwa on Michael Steele has been released, has been issued, and that is I essentially passed this decision on to General Colin Powell, said to be the ideal Republican and Republican leader in this day and age. Let him decide. Although I’m going to share with you some more thoughts on this, regardless. As I look at this, I’m looking at media and the Democrats, it seems to me, folks, these critics have been so harsh about Steele’s remarks, if I didn’t know better I’d say it almost sounds like they want him to fail. It seems to me these people are eager to be able to claim Michael Steele’s scalp. They want him to fail. Now, which is more preposterous here? Here’s what Steele said. “Afghanistan is a war of Obama’s choosing and not something the US had actively prosecuted or wanted to engage in.”

He’s half right about this, and also half wrong. (More in a minute.) Or here is vice president Joe Bite Me who said, “The American people will see President Obama’s Iraq policy as a success when the combat mission ends on schedule on August 31st.” Bite Me said, “The administration, quote, “will be able to point to and say, ‘We told you what we’re gonna do and we did it.’ They’re going to take a look and they see if the president kept his promise getting troops home and will give them more confidence in the foreign policy he set.” Now, that is clearly delusional. What Bite Me said is deranged. Bite Me Biden, and the rest of the Democrats actively sought our defeat in Iraq and — well, we all know that — and actively spoke out against the policy of General Petraeus, the surge. Now they’re claiming credit for it? “Our Iraq policy”?

Now, as for whether or not Steele should resign, as I say, that’s now up to General Powell. I have issued my fatwa, and I passed the baton to him, but let me go a little further with that. Do I agree with his comment? I said he was half right. But he’s also half wrong. We were attacked by Al-Qaeda. They were based in Afghanistan. The Taliban gave safe haven to Al-Qaeda in Afghanistan. This is indisputable. If anything, we should have pounded the hell out of this enemy with nearly everything we had well before now, but that doesn’t appear to be our plan. We don’t fight wars the way we used to in this country. That is what it is. But I’ll tell you what I get tired of. I get tired of people trying to be the first to issue statements or go on the air demanding resignations, not because of something these people have done but because of what they mistakenly said or said in passing.

There seems to be a mad dash to the microphones and cameras. “He ought to resign! He ought to quit! Get him outta there.” I know words have consequences, but, for crying out loud, so do actions! I’ve watched over the weekend the spectacle of Obama and Bite Me and Bill Clinton praising Robert Byrd saying, “Yeah, he had to join the Klan. After all, he had to get elected.” They’re praising Robert Byrd as if he was the great civil rights leader of our time. Clinton even referred to Byrd’s involvement in the Klan as a passing youthful event. But the fact is Byrd was a segregationist leader for a good part of his early Senate career. He helped lead the filibuster of the 1964 Civil Rights Act, not because of constitutional concerns, but because he was a segregationist. I didn’t hear any criticism of this from too many circles, certainly not the media and the liberals.

Yet there’s Obama, heaping praise on the guy, as did Bite Me and Clinton. Now, these are leaders of the Democrat Party. Should they resign? Look at what they did. They have rewritten history about one of this nation’s leading segregationists who led a filibuster against their most prized legislative accomplishment, the Civil Rights Act, and they’re out there praising the guy and telling us we need to look past. You know, he spent the rest of his life trying to make up for this. “He had to get elected,” Clinton said. Yeah, had to get elected. He comes from the hollows and hills of West Virginia, and wink-wink, we all know who was in the hollows and hills: The guys in the white robes burning crosses. That’s what Clinton said! Byrd had to be one of those guys if he hoped to get elected. You want to compare this to Michael Steele?
Anybody demanding Obama resign? Anybody demanding Bite Me resign? Anybody demanding Clinton take it back or explain himself? What bothers me and always has bothered me is a double standard. It’s actually worse than a double standard. Basically, liberals and Democrats can say or do virtually anything. I remember when Harry Reid — this was late fall or winter — talked about, “You know, Obama is really great guy. He can speak with that Negro dialect except when he wants to,” or “he can avoid the Negro dialect, depending on his audience,” and I happened to mention this to a well-known media figure who had not heard it who’s liberal. And the well-known media figure said, “Well, of course Harry Reid didn’t mean that.”

What do you mean, “Of course, Harry Reid didn’t mean that? Let me say it. Are you gonna give me the benefit of the doubt? “Of course Limbaugh didn’t really mean that Obama was a clean, articulate black guy.” Joe Biden really didn’t mean what he said: “Clean, finally, articulate, finally, black guy at the head of our party.” Oh, clearly he didn’t mean it. They can say whatever they want. They can do whatever they want. They can filibuster civil rights legislation — they can vote against people for the Supreme Court simply because they’re black — and they’re excused. As long as they support the left-wing agenda, as long as they are loyal to leftist agenda items, they are excused for the most part. There are exceptions, and that is even if you are loyal to the leftist agenda and you happen to be black, they will undercut you in the Democrat Party — i.e., David Paterson. i.e., Carl McCall. i.e., this poor guy in South Carolina.

Yet somehow Michael Steele’s gotta go? I’ll give you another example. The beloved FDR was responsible for the internment of 110,000 Japanese-Americans. Last week liberal professors once again rated FDR our greatest president. Not George Washington, who led the Revolution and served as a shining example for all future presidents. Not Lincoln, the Great Emancipator who saved the nation. Oh, no, no! FDR is the greatest president ever. His racial, racist attitudes were ignored. The same I might add about Woodrow Wilson who is clearly a racist, but he was full of that left-wing liberal agenda. Man, he pushed it, so we’ll forgive all these other little things. But I resist these demands for resignations. I did it with Trent Lott. Point. Trent Lott’s gone. He had to quit. After apologizing 250,000 times, he still had to go.

I wish people were as motivated and angry about Elena Kagan, frankly, as they are about Michael Steele, who in the big scheme of things inconsequential. Elena Kagan is not inconsequential. She’s about to get a lifetime appointment to the Supreme Court where she will do incredible damage to this nation. Yet, are the same people calling for Steele’s resignation demanding Republicans in the Senate lead a filibuster to stop her? Nope. Why not? Steele doesn’t speak for all conservatives and Republicans, obviously speaks for himself, but Kagan is gonna spend the rest of her life destroying what we believe in if she’s not stopped. That’s her mission. She’s an Obama rubber stamp. So, yeah, Steele says things from time to time I disagree with. Sometimes he says things that are even odd. But the center of the universe is not the RNC. It’s right here. The Excellence in Broadcasting Network.

What Steele said is not worth the attention that it’s received. It’s getting it only because the Democrats would love to write the story that Republicans fired a black guy. That’s what they want. The head of the RNC is not the Republican leader. He’s not the conservative leader. (That’s me.) He is the RNC leader. Members of the Republican National Committee will decide his fate. His term “perspires” in January; he’s probably gone. But that’s up to them. But all of you out there demanding Steele’s ouster, how about demanding a filibuster of Elena Kagan at the same time, at least until September so we can take the time to educate the American people as to who this woman is? Beyond that, and that is my official fatwa, I now pass the baton for the ultimate decision of Michael Steele’s fate to the magisterial General Colin Powell. Go ask him. In fact, I can’t wait for the sound bite. “General Powell, what’s your reaction to Limbaugh saying that you need to decide the fate of Michael Steele?”

BREAK TRANSCRIPT

RUSH: You talk about Elena Kagan? For crying out loud, folks, nobody’s even asked her any softball questions! I mean that’s how bad it has been. Maybe they’ll ask Kagan what to do about Michael Steele, except they’re through asking Kagan questions. They didn’t even ask her one softball question. That’s how lame it was. Now, the fact that I am allowing General Colin Powell to decide Steele’s fate shows my leadership skills, it shows that I can delegate. And it also shows that I am nothing like our teleprompter messiah. If I were like Obama I would appoint a commission to report back to me by the end of the year after the elections on what to do about Michael Steele. And I would pick as members from my commission people who never heard of him nor ever heard of the Republican National Committee. At least that’s what I would say. Now, all of Washington was paralyzed waiting for me to issue my fatwa on Michael Steele. Let’s see now if the media carries all of my comments, including my damning criticism of liberal Democrats Byrd, Obama, Bite Me, and Clinton. By the way, speaking of Clinton, I remind you again, let’s not forget who his mentor was, the segregationist J. William Fulbright, Senator from Arkansas. That’s Clinton’s self-professed mentor.

END TRANSCRIPT

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Rush Limbaugh’s Wedding

400 guests witnessed the wedding of Rush Limbaugh, 59, to Kathryn Rogers, 33. Elton John serenaded the guests amid dozens of giant bouquets of white roses and very tight security in the Ponce de Leon ballroom of Florida’s Breakers hotel in Palm Beach. Limbaugh and Rogers met six years ago, while she was running a charity golf tournament and Limbaugh was in the process of divorcing for the third time.

Kathryn lives in West Palm Beach. She is a professional party planner for the South Florida Super Bowl Host Committee.  They went together at many events, including the White House Christmas Party.

Limbaugh said,

We met four years ago when Kathryn worked for (golf great) Gary Player. There was a charity tournament. She was rounding up the celebrities to participate in the event. She called me and I played. It was at The Floridian (Dolphins owner Wayne Huizenga’s private course near Stuart). We’ve stayed in touch since and started dating in the summer.

Guests at the wedding included former Bush adviser Karl Rove; actor-politician Fred Thompson; former Kansas City Royals slugger George Brett; Fox News commentator Sean Hannity; former New York City Mayor Rudolph Giuliani; New England Patriots owner Bob Kraft; former Clinton adviser James Carville and his wife, GOP analyst Mary Matalin; and golfer Tom Watson. Supreme Court Justice Clarence Thomas was also mentioned there.

Congratulations to the newlyweds

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Obama: At A Certain Point You’ve Made Enough Money (Transcript)

Obama in Quincy, Ill. REMARKS BY THE PRESIDENT
Wall Street Reform
Oakley Lindsay Civic Center
Quincy, Illinois
3:44 P.M. CDT

THE PRESIDENT: Hello, everybody! (Applause.) It’s good to be home. (Applause.) It is good to be back in Quincy! Thank you, everybody. Thank you. It is good to be back in Quincy! (Applause.)

We’ve got some special guests here I want to acknowledge: the outstanding governor of the great state of Illinois, Patrick Quinn, is here. (Applause.) Your fine mayor, John Spring — give him a big round of applause. (Applause.) Attorney General Lisa Madigan. (Applause.) Treasurer and soon to be senator, Alexi Giannoulias. (Applause.) Secretary of State and tumbler supreme, Jesse White. (Applause.)

So I missed you guys. (Applause.) You know, now, being President is nice. (Laughter.) You live above the store, so it’s a really short commute. (Laughter.) There’s a nice plane. But one of the toughest things about being President is I don’t get a chance to come home as much I’d like and visit with all of you like I used to. (Applause.) I see a lot of familiar faces in the crowd here.

Now, part of the problem is, is that when I travel now it kind of causes a ruckus. (Laughter.) I do remember, though, the last time I was here — I think it was in this building — that we were filling up sandbags, weren’t we? (Applause.) And I still remember that day because it was the picture of what America is about. You had people from all different walks of life, the whole community coming together; everybody was working hard; everybody knew that there was a challenge coming from the potential flooding; but everybody was in good spirits because they figured if we’re all working together then there’s no reason why we can’t handle this. We’ve handled things before. (Applause.) And that’s the American spirit on display and that’s the spirit of Quincy and the spirit of Illinois.

So it’s just good to be reminded of that and to come back and spend some time with you all. We spent a couple of days in Iowa and Missouri and now back here — (applause.) Yea, Missouri! (Applause.) How about Iowa? Have we got some Iowans here? (Applause.) We got a few Iowans — but we are in Illinois. (Applause.)

But over the last couple of days, we’ve talked to workers who are busy building wind blades for these big wind turbines, and a biofuel plant; families and small business owners trying to navigate through a tough economy; talking to farmers about what’s happening to family farms in the region. And because it’s folks like all of you and towns like Quincy that give America its heartbeat, that’s why it’s so important for me to be able to visit.

It’s towns like this where working men and women built the American Dream with their bare hands. This is where our roots are. I just met a young man coming in — he says he’s my cousin. There he is, right there. (Laughter.) Seriously, it’s — what is it, fourth generation? Four generations back? I told him he was a little better looking than me. (Laughter.)

But all of us trace back to this experience of parents, grandparents, great-grandparents building this American Dream — not having much to begin with. And that dream is shared by every Illinoisan and every American — the chance to make a good living, to raise a healthy and secure family, and most of all, to give our kids opportunities that we didn’t have ourselves.

Now, the truth is, is that sometimes it feels like that dream is slipping away. Times are tough in Quincy. Times are tough all across America. We’ve gone through the worst economy since the Great Depression. Even though our economy is growing again, even though our markets are climbing again and our businesses are finally beginning to create jobs again, there are a lot of folks who still aren’t feeling that recovery in their own lives.

And I’ve heard their stories across the country. I’ve read it in the letters that I get each night. And a lot of them are worried about whether or not they’re going to be able to sustain their dream for a better life. Many felt that way even before this most recent crisis, even before the economic storm of the past two years. Folks were living up to their responsibilities as best they could, working hard, looking after their families, giving back to their communities, but they kept on finding themselves getting hurt in this economy in ways they didn’t expect. And part of it was because Washington and Wall Street weren’t living up to their responsibilities. (Applause.)

That’s why I asked to be your President. That’s why so many of you joined the campaign. (Applause.) You joined me because you believed we had it within our power to change things.

AUDIENCE: Yeah!

THE PRESIDENT: You figured we could solve the problems that had been holding us back year after year after year, and focus on working Americans again. You believed we could keep the American Dream alive in our time, and for all time. And so that’s what I want to talk about today.

When I took office, we were in the midst of this historic financial crisis brought on by reckless and irresponsible speculation on Wall Street. (Applause.) That in turn had led to a recession that hammered Main Street across America. And you saw lost jobs and lost homes and lost businesses, and downscaled dreams.

The first thing we had to do then was mount an aggressive response — to make sure that this terrible recession didn’t turn into another Great Depression. And let’s face it, that required some tough steps to stabilize the financial sector. And some of those steps weren’t popular. I knew they weren’t popular. I’ve got pollsters. (Laughter.) They told me, boy, that’s really going to be unpopular. (Laughter.) But we made those decisions anyway, because the well-being of millions of Americans depended on them. Even if they didn’t poll well, they were the right thing to do. It was the only thing we could do to take those steps. (Applause.)

So we took these steps to get America back on its feet. We aimed tax relief right at the middle class, the cornerstone of the American Dream. We made sure that we cut taxes for 95 percent of working families, put money in their pockets because they were experiencing hard times — fewer hours or somebody in the family being laid off, making sure that they could still buy groceries and pay the bills to keep the economy afloat.

We cut taxes for small businesses. We cut taxes for first-time homebuyers. We cut taxes for students and parents paying for college. (Applause.) And all of this — not only did this help those individual families, but it increased purchasing power and spending power for businesses all across the country. And then we extended unemployment benefits and we made COBRA cheaper for folks who had lost their jobs. (Applause.) And then we helped give help to the states. And Pat Quinn will tell you, because of the federal assistance that was provided, we averted some massive layoffs of teachers and police officers and firefighters all across the country. (Applause.)

So we did what it took to rescue our economy and spark its recovery. And that work goes on. And so I’m pleased to see that we were losing 700,000 jobs a month when I came into office — now we’re gaining jobs. (Applause.) The economy was contracting — now the economy is growing. (Applause.) The markets are back. We’re making progress. We’re moving in the right direction.

But, keep in mind, I didn’t run for President just to get back to where we were when we started. I want us to do better than we were doing. (Applause.) I want folks to have more opportunity. I want people to have more and better jobs. And I want our young people to be getting better educations and more access to college. (Applause.)

It’s time to rebuild our economy on a new foundation so that we’ve got real and sustained growth. It’s time to extend opportunity to every corner of Main Street, in every city and every town and every county in America, so that young people don’t feel like they’ve got to move someplace else to make their way. They can stay right here in Quincy. (Applause.) They can stay in Monroe. They can stay in Macon. (Applause.) They can stay in Fort Madison.

It’s time to create conditions so that Americans who work hard can gain ground again, and they don’t have to take out a bunch of credit card debt. They don’t have to endanger their long-term financial future. And that’s what — that’s at the heart of all our efforts.

It’s why we made the biggest investment in clean energy in our history, creating middle-class jobs in Middle America that harness the wind and the sun, and biofuels — that won’t be shipped away; jobs that will stay right here in the United States of America, and create energy independence so we don’t have to import as much oil. (Applause.)

It’s why we took on the special interests and reformed the student loan system so that it works for students, not bankers. (Applause.)

I don’t know if people paid attention to this. Because we were having such a big debate around health care, people may have missed this. The way the student loan system was working, the federal government was guaranteeing these loans but the banks were still taking billions of dollars of profits out of the student loan program. And my attitude is, well, if we’re guaranteeing them, then where’s the risk? So what are you getting paid for?

So we said we’ll just lend the money directly to the students. (Applause.) That saved tens of billions of dollars in wasteful spending that we’re now reinvesting in making college more affordable and upgrading America’s community colleges, so that every young person in America can get ahead in the 21st century. (Applause.)

And, yes, Quincy, that’s why we finally passed health reform in America — (applause) — reform that will begin to end some of the worst practices in the insurance industry this year. (Applause.) So this year, they’re going to — they will have to stop dropping you when you get sick. This year, children with preexisting conditions, they’ve got to be able to buy insurance. This year, some of these lifetime limits that mean that you got insurance but you still end up being bankrupt — those practices are going to end. (Applause.)

And in a few years, millions of families and small business owners are going to have more choice, more competition. You’re going to be able to purchase the same kind of high-quality, affordable care that members of Congress get. And you know that’s going to be pretty good. (Applause.) You know they’re going to give themselves good insurance. You’re going to be able to buy it, too. (Applause.)

And by the way, this reform will reduce our deficit by more than $1 trillion. (Applause.) And, listen, don’t — this notion — I know the debate was contentious. But the truth of the matter is since I’ve been here, I’ve already met — I was in Mount Pleasant, Iowa, met a woman — (laughter) — met a woman at Jerry’s — you know Jerry’s, right? This is a restaurant there, and met a woman and she said — she came up and she said, “My husband is self-employed. I’m a homemaker. We both have preexisting conditions. We need help now.” And I told her this is exactly why we fought so hard for health care reform.

And then today, I met a woman who had breast cancer, and she was wondering how soon can we start moving on some of these programs inside the health care legislation.

This isn’t some abstraction. Sometimes, the folks who were fighting us, they made it sound as if, oh, he just wants big government, this — no. I just want people to be able to not go bankrupt and lose their house when they get sick. (Applause.) I just want them not to have — see their premiums doubled. I don’t want them to be taken advantage of by insurance companies. (Applause.) I want you to get a fair deal and a fair shake. (Applause.) And that’s part of my job as President of the United States of America. (Applause.)

AUDIENCE MEMBER: I love you!

THE PRESIDENT: I love you back. (Applause.)

Now, speaking of — speaking of you getting a fair shake, that’s why we need good old common-sense Wall Street reform. (Applause.) And we need it today. We don’t need it next year. We don’t need to do another study and examine it. We need it now. (Applause.)

And in case you’re wondering, let me just take a minute to explain why it’s important to you. The crisis we went through, it wasn’t part of the normal economic cycle. What happened was you had some people — not all people — there’s some very decent people here who are in the financial sector — but you had some people on Wall Street who took these unbelievable risks with other people’s money.

AUDIENCE MEMBER: Damn. (Laughter.)

THE PRESIDENT: They made bets. They were making bets on what was going to happen in the housing market, and they would create these derivatives and all these instruments that nobody understood. But it was basically operating like a big casino. And it was producing big profits and big bonuses for them, but it was all built on shaky economics and some of these subprime loans that had been given out. And because we did not have common-sense rules in place, those irresponsible practices came awfully close to bringing down our entire economy and millions of dreams along with it.

We had a system where some on Wall Street could take these risks without fear of failure, because they keep the profits when it was working, and as soon as it went south, they expected you to cover their losses. So it was one of those heads, they tail — tails, you lose.

So they failed to consider that behind every dollar that they traded, all that leverage they were generating, acting like it was Monopoly money, there were real families out who were trying to finance a home, or pay for their child’s college, or open a business, or save for retirement. So what’s working fine for them wasn’t working for ordinary Americans. And we’ve learned that clearly. It doesn’t work out fine for the country. It’s got to change. (Applause.)

Now, what we’re doing — I want to be clear, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. (Laughter.) But part of the American way is you can just keep on making it if you’re providing a good product or you’re providing a good service. We don’t want people to stop fulfilling the core responsibilities of the financial system to help grow the economy.

I’ve said this before. I’ve said this on Wall Street just last week. I believe in the power of the free market. And I believe in a strong financial system. And when it’s working right, financial institutions, they help make possible families buying homes, and businesses growing, and new ideas taking flight. An entrepreneur may have a great idea, but he may need to borrow some money to make it happen. It would be hard for a lot of us to buy a house — our first house, at least, if we weren’t able to take out a mortgage.

So there’s nothing wrong with a financial system that helps the economy expand. And there are a lot of good people in the financial industry who are doing things the right way. And it’s in our interest when those firms are strong and when they’re healthy.

But some of these institutions that operated irresponsibly, they’re not just threatening themselves — they threaten the whole economy. And they threaten your dreams, your prospects, everything that you worked so hard to build.

So we just want them to operate in a way that’s fair and honest and in the open, so that we don’t have to go through what we’ve already gone through. (Applause.) We want to make sure the financial system doesn’t just work for Wall Street, but it works for Main Street, too. It works for Quincy. It works for Mount Pleasant. It works for Macon and Fort Madison. (Applause.)

Now, let me explain to you what this reform should look like, because one of the things you discover when you get to Washington is what’s black is white and what’s up is down and sometimes people will –

AUDIENCE MEMBER: Lie.

THE PRESIDENT: I didn’t say lie, but — (laughter) — they will tell stories about what’s going on. So let me just be very clear in terms of what we’re proposing on financial reform. First — and I know this is important to you because it’s important to me — we’re going to make sure the American taxpayer is never again on the hook when a Wall Street firm fails. Never again. (Applause.) We don’t want to see another bailout. That’s what this reform does.

Now, you’ve got some — you had some who were saying, cynically, just claiming the opposite, that somehow this was a bill that institutionalized bailouts. What this bill did was it said, no, if you have a firm on Wall Street that fails, the financial industry is going to pay — not taxpayers. So a vote for reform is a vote to end taxpayer-funded bailouts once and for all. (Applause.) If a crisis like this again happens, financial firms are going to foot the bill. That’s point number one.

Point number two — we’re going to close the loopholes that allowed derivatives and all these other large, risky deals that don’t make a lot of economic sense and that could threaten our entire economy — we want to bring those deals out into the — out of the dark alleys of our financial system into the light of day, so that everybody knows exactly what’s happening, what risks are being taken — investors, shareholders, everybody knows what’s going on. That’s the second thing.

Number three — this reform is going to give you more power because we’re going to put in place the strongest consumer financial protections in history. (Applause.) Because — and the reason this is important — the reason this is important, this crisis wasn’t just the result of what happened on Wall Street. It also happened because there were a lot of decisions by folks out on Main Street who were taking out mortgages they didn’t understand, credit cards they didn’t understand, auto loans that weren’t a good deal. Some took on obligations they couldn’t afford. But millions of others were deceived or misled by shifting terms and confusing conditions and forests of fine print.

And your attorney general, Lisa Madigan, has been fighting on behalf of consumers in this state and she knows how badly we need these protections. (Applause.) In fact, Lisa and a bunch of other attorney generals came to testify on behalf of the need for these consumer protection bills because they see this stuff in their offices every day. And it’s true all across the country.

Now, some argue that giving consumers more information in clear, concise ways is somehow going to stifle competition. I believe the opposite. See, I think if you know what you’re buying, you can make a good decision. And that means that the companies, instead of competing to see who can offer the most confusing products, companies will have to compete the old-fashioned way: by offering the best product. (Applause.)

But that’s not going to reduce innovation or competition. You just should be knowing what you’re buying. It’s like a lemon law, right? You don’t want to go into the used car lot and get something where they’ve changed the odometer and put a fresh coat of paint on some old beater and pretend like it’s a new car. Well, it’s the same thing with financial products. You should know what you’re getting.

All right, so that’s the third thing. Finally, we’re going to give the people who own these companies, these financial companies — mainly investors and pension holders and shareholders like many of you — we want you to have more say in the way they’re run. Because some of these firms, they’ve got these huge salaries, huge bonuses that create a perverse incentive to encourage people to take reckless risks. But if you own stock in these companies, you need to get some say in how they operate. (Applause.) You’ll get to decide how managers are paid and how those firms operate. And that means that we’ll actually increase the connection between Main Street and Wall Street. They’ll be more accountable to you.

So that’s the reform we’ve put forward. (Applause.) These are the reforms that we’re putting forward: Accountability — which means no more bailouts. Closing loopholes — no more trading of things like derivatives in the shadows. Consumer protections — no more deceptive products. A say on pay — so that we give shareholders a more powerful voice. That’s what we’re trying to do.

Now, I don’t think this should be a partisan issue. Everybody — Republicans, and Democrats, and independents — were hurt by this crisis. So everybody should want to fix it. So I’m very pleased that after a few days of delay, it appears an agreement may be at hand to allow this debate to move forward on the Senate floor on this critical issue. (Applause.) I’m very pleased by that.

And I want to work with anyone — Republican or Democrat — who wants to pursue these reforms in good faith. And there can be some legitimate differences on certain issues, but the bottom line is consumers have to be protected. We have to end bailouts. We’ve got to make sure that these trading practices are out in the open. We’ve got to make sure that people have a say in terms of how these firms operate so they’re more accountable.

So as long as we’re adhering to those clear principles, then I feel okay. What I don’t want is a deal made that is written by the financial industry lobbyists. We’ve had enough of that. (Applause.) We’ve had enough of that. I want to listen to what they have to say, but I don’t them writing the bill. I don’t want Democrats and Republicans agreeing to a bill written by them, for them. I want a bill that’s written for you, for the American people. (Applause.)

So we’re going to see how this debate unfolds. We’re going to get this done. And we’re going to get it done because you demand it. It’s been two years since this crisis, born on Wall Street, slammed into Main Street with its full fury. And while things aren’t nearly back to normal out here, they’re getting back to normal pretty quick up there. Some in Washington think this debate is moving too fast. They think, well, this is kind of a political game; let’s see how this whole thing can play to our advantage in November.

See, that’s not how I play. I’ve been calling for better rules on Wall Street since 2007, before this crisis happened. (Applause.) So I don’t think we’re moving too fast. I think we’ve been moving too slow. It’s time to get this done. And I don’t think you want to see us wait for another year or two years. I don’t think you think Washington is moving too fast. (Applause.) I think you want to get this done. (Applause.)

You shouldn’t have to wait another day for the protections from some of the practices that got us into this mess. We can’t let the recovery that’s finally beginning to take hold fall prey to a whole new round of recklessness. If we don’t learn the lessons of this crisis, we doom ourselves to repeat it. And I refuse to let that happen. (Applause.) So the time for reform is now. (Applause.)

Quincy, let me just say this. Through all the noise and the lobbyists and the partisanship — and I know sometimes you’re watching TV and saying, sheesh, everybody is yelling and hollering, and why are they so mad? But this debate comes down to a simple choice: Are we going to go down the same road, where irresponsibility of a few can put millions of families at risk and stick taxpayers with a tab?

AUDIENCE: No!

THE PRESIDENT: Or are we going to protect consumers, and strengthen our financial system, and put rules in place that keep this from happening ever again? (Applause.) Are we going to give in to the special interests, or are we going to score another victory for the American people? (Applause.) Are we going to stick with the status quo? Or are we going to bring about fundamental change that makes things work for ordinary Americans? (Applause.)

We’ve got the power to do something about this. That’s all it comes down to — the will to act. I still believe we can come together, just like you all came together during those floods, filling those sandbags — everybody joining together, everybody breaking a little sweat, everybody helping out. That’s how America got built. (Applause.)

We are not powerless in the face of our challenges. We don’t quit when things get tough. We’re not afraid. (Applause.) When something happens, we come together. We move forward. We act. We are Americans — our destiny is written by us, not for us. (Applause.) And if we remember that and summon that spirit once again, we’re going to strengthen our economy today and tomorrow, and restore security to the middle class. (Applause.)
That’s what we’re fighting for — the American Dream right here in Quincy, right here in Illinois, all across the country. (Applause.)

God bless you, and God bless the United States of America. Thank you. (Applause.)

END 4:16 P.M. CDT

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Illegal Aliens In Arizona
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Arizona Immigration Bill Is Not Misguided
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Goldman Sachs Lawsuit
Top Contributors In 2008 Election
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Arizona’s New Immigration Law

I Won’t Vote For Obama Again
The House Negro And The Field Negro
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Transcript: Rush Limbaugh “We Need To Defeat These Bastards”
Obama ‘Buckwheat’
Impeach Obama
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Obama Job Loss
The Race Card
Child Dies In House Fire, Aunt
Concerned About Her Food Stamps

Obama ‘Buckwheat’

Rush Limbaugh: Obama Anti-Arizona Police (Transcript)

BEGIN TRANSCRIPT
RUSH: I want to take you back to this program March 22nd. Listen to me nail it.RUSH ARCHIVE: The next big push, almost immediately, and they will use whatever unconstitutional measure they have to to get it done, will be amnesty. The next big push will be amnesty for as many millions of illegal immigrants who are here. Obama is going to need their votes in 2012. The Democrats are gonna need their votes at every election, from this day forward, if down the road we have elections. And I’m not joking. The Constitution has just been ripped to shreds, so why is anything in it safe? And I want you to hear how Obama’s gonna sell this. I want you to hear how Obama’s going to run around the country in these rallies. Here’s what he’s going to say. (impersonating Obama) “There are some people who don’t like your skin color, who don’t think you should be American.” He has come to divide. He has come to conquer. Is there anybody who now doubts what I meant when I said, “I hope he fails?”

RUSH: Last Friday on Organizing for America’s YouTube channel the DNC released this video of President Obama rallying Democrats for the 2010 campaign.

OBAMA: They see these elections as a chance to put their allies back in power and to undo all that we’ve accomplished. So this year I need your help once more. It will be up to each of you to make sure that the young people, African-Americans, Latinos, and women who powered our victory in 2008 stand together once again.

RUSH: And the accompanying news story — we got two of them here — one of them from the Washington Post: “President Barack Obama will declare his stake in the November midterm elections for the first time today as his Democratic Party announces an ambitious strategy to appeal to independent voters in its quest to maintain control of Congress.” And so Obama and Democrats appeal to new voters in midterm — who are the new voters? Who are the new voters, folks? Didn’t he get the youth vote? Didn’t he get the black vote? Didn’t he get the legal Latino vote? Didn’t he get the female vote? Okay, so who are these, uh, new voters in the midterms? Who are they, and why all of a sudden announce an immigration plan that doesn’t exist? There is no immigration bill that has been written. This is all about saving Harry Reid’s bacon. Large Hispanic population in Nevada, it’s all about saving the Democrats. That’s the new voters. This is a targeted push at Latino voters, both legal and illegal. The Politico is handling this today: “Obama seeks to reconnect young people, African-Americans, Latinos, and women for 2010.” So, playing the race card, El Rushbo told you back on March 22nd this is exactly what was going to happen. It has happened. Here’s more from the Obama video.

OBAMA: It will be up to each of you to keep our nation moving forward, to keep working to fix Washington, to keep growing our economy, and to keep building a fairer, stronger, and more just America. If you help us do that, if you help us make sure that first-time voters in 2008 make their voices heard again in November, then together we will deliver on the promise of change and hope and prosperity for generations to come.

RUSH: There are a lot of problems, however. We now have CBO news again knowing what we already knew. Health care costs are going to skyrocket. Premiums are going to skyrocket. The CBO, weeks after it’s signed into law, gives us the dirty details. There are a bunch of Democrats running for reelection, members of the House who all are on record saying the reason they voted for health care is because it will reduce costs and lower premiums, and every damn one of them now can be accused of being wrong, uninformed, or at worse, lying to their constituents about it. Independents — Obama wants to desperately hold onto independents that voted for him in 2008 — it is independents who have fled the Democrat Party and who are resulting in these terrible polls that the Democrats have in the congressional ballot and in specific races, and on whether or not Obama’s policies are viewed favorably or unfavorably. I mean they’re tanking. Democrats are tanking everywhere out there. So now it’s time for the big push. I also said October 12th of 2009, this is the profile piece Jamie Gangel of NBC did on me for the Today Show. She said, “Beyond politics, were you moved in any way to see an African-American elected president?”

RUSH ARCHIVE: Yeah, but I got over it very quickly. I mean he’s president of the United States. His skin color doesn’t matter to me. His policies are what matter. The idea that we’ve had a very historic thing was wonderful when it happened, absolutely, but I’ll be honest, I predicted to you it was going to exacerbate racial problems, and it has. Any criticism of President Obama is going to be said to be oriented in racism, and if you don’t like his health care bill, it’s racist. And I opposed when Clinton and Hillary were trying to do it and they aren’t black. It’s all about ideas.

RUSH: And last Thursday on this program I said this.

RUSH ARCHIVE: Let’s spend some time on this next week. The states will be the last line of defense against this power grab of the regime.
RUSH: Absolutely, and Arizona is showing exactly how this is going to happen and now Al Sharpton is taking from the streets to the suites and back to the streets. He’s going to rally a bunch of freedom riders to go to Arizona, Obama dumping on the state of Arizona, dumping on the states. Here is Obama last Friday morning in Washington, the White House Rose Garden, a naturalization ceremony for active duty service members.

OBAMA: Efforts in Arizona which threaten to undermine basic notions of fairness that we cherish as Americans, as well as the trust between police and their communities that is so crucial to keeping us safe. In fact, I’ve instructed members of my administration to closely monitor the situation and examine the civil rights and other implications of this legislation. But if we continue to fail to act at a federal level, we will continue to see misguided efforts opening up around the country.

RUSH: Senator Lindsey Grahamnesty has decided to walk away from Senate talks on climate change and energy legislation, cap and trade, at least for now. And this has prompted the measure’s remaining architects to scuttle today’s plan unveiling the bill. Lindsey Grahamnesty is upset over Democrat plans to take up immigration legislation this year. He had no idea this was coming. Had he listened to me he would have known. He thought they were going to move forward on cap and trade and climate change and so forth, then the Democrats realized they’re losing independents left and right, that a lot of their important leaders are vulnerable, and so it’s time now for a political push. And, folks, make no mistake, there’s no way they’re going to get an immigration bill passed and signed into law before November. The Democrat Party wants no part of it, either.

The strategy here is to just campaign for it, just to show that these Latinos, independents, you are for it, and accuse the Republicans of racism, exactly what I said. (impersonating Obama) “Some people in this country don’t like the color of your skin and they don’t want you to be American, they don’t think you are.” That’s what’s coming, the initial steps of this have been made. The pathway is being laid, and it’s all about helping Dingy Harry in Nevada and a number of other Democrats and Obama as well holding onto his Democrat majority in November ’cause if he loses the Democrat majority in the House, if he loses it in the Senate or both, then his agenda comes to a screeching halt compared to where he is now. So Grahamnesty has accused the Democrat leaders of pushing forward immigration haphazardly, calls it an election year political gambit.

Byron York, the Washington, DC, Examiner in a piece: “Why Graham Balked,” and he asked the question: “Can Dems Win By Losing on Climate AND Immigration?” Meaning can they win at the ballot box by acting like they really want all this and have it not happen because a Republican walked away? A Republican walked away from cap and trade. A Republican walked away from clean air, Lindsey Graham, a Republican walked away from clean water, a Republican walked away from saving the planet. But we, the Democrats, want to do all that, save the planet, save the air, save the drinking water — a Republican walked away. We’re getting no help on immigration. Republicans don’t want you to be Americans because you are a person of color. This is all coming, I predicted it to you. The question is do they have the credibility to pull this off. Can they recapture the magic Obama had with his cultlike following in the ’08 presidential campaign, can they put that together the next three or four months here for the 2010 midterms, and I would have to say they can’t, the bloom’s off the rose, there is no more magic. All there is now is the unique perception of a slimy community agitator and organizer who does not win policy debates.

He gets what he wants in ways that Americans know is not how things happen in America. The Obama way is not how things happen, it’s not how things get done here, and that’s why Rasmussen polled the number of people that want to repeal the health care bill, all-time high today. Number of people who oppose it is not dwindling at all. The Obama agenda is not supported, so it’s gonna require continued thuggery from the Oval Office.
BREAK TRANSCRIPT

RUSH: I have a couple questions, ladies and gentlemen, as I always do, after listening to our young president speak. So Obama seeks to “reconnect” with young people, with African-Americans, with Latinos, and with women. Why does Obama not seek to reconnect with white people? Why does Obama not seek (to specify) older white people? Why does Obama say he doesn’t want to reach out to older white males? Why does Obama only say “young people, African-Americans, Latinos, and women”? Why doesn’t he say that he wants to reach out to white women? It’s just a question. Now, listen to this sound bite again, and you tell me if this isn’t Barack Obama himself engaging in anti-government rhetoric by criticizing Arizona.

OBAMA: [E]fforts in Arizona which threaten to undermine basic notions of fairness that we cherish as Americans, as well as the trust between police and their communities that is so crucial to keeping us safe. In fact, I’ve instructed members of my administration to closely monitor the situation and examine the civil rights and other implications of this legislation. But if we continue to fail to act at a federal level, we will continue to see misguided efforts opening up around the country.

RUSH: Okay, 70% of Arizonans are “misguided.” The Arizona governor is “misguided.” The Arizona legislature is “misguided,” and Arizona “threaten(s) to undermine basic notions of fairness that we cherish as Americans.” Why is that not anti-government rhetoric? Why is that not dangerous rhetoric? The president of the United States “started a little brushfire” out there in Arizona, sounds like to me. These people engaging in violence and hate rhetoric against the duly elected government of Arizona are somehow backbone of America, even though they’re not American? Al Sharpton can go down there and shill for some new victims? Somebody should tell Sharpton that he’s not Hispanic. Somebody ought to tell Sharpton that many African-Americans are opposed to amnesty, which Sharpton has even admitted himself. We got the audio coming up on this.

Sharpton even admits that a lot of African-Americans oppose amnesty. Why are they not called racists? Why are African-Americans who oppose amnesty not called racists? ‘Cause they’re looking out for their jobs? That’s exactly why they oppose it. That’s exactly why they oppose amnesty: They’re looking out for their jobs. I guess that makes them racist. No doesn’t make them racist. They can’t be racist. But you see how this race conversation permeates everything now? And guess who invites it? The regime! They enjoy the tumult; they feed off the chaos — and what’s “misguided” about the Arizona effort in the first place? What’s misguided about enforcing the law? How in the world are there civil rights violations? We’re not talking about United States citizens. Nothing’s real. Four Corners of Deceit. Nothing is real. The administration can’t tell us the truth about anything. It was actually the Medicare actuary who informed Health and Human Services that the cost overruns for Obamacare were what they are, and it was Sebelius and HHS which suppressed that news until now, after the bill had been signed. I don’t know how Arizona violates any trust. What kind of trust is there between lawbreakers and the police? It’s a scary situation to me.
BREAK TRANSCRIPT

RUSH: Byron York writing in the DC Examiner, “Now, [Harry] Reid says he would like to have a bill in three weeks. It’s a laughable idea except for the fact that [Reid] is becoming desperate and might do anything to improve his chances of re-election. But even if Democrats can cobble together some sort of legislation in the next few weeks, they can forget about having the sort of Republican support that existed in 2007. The watered-down border security measures in that bill — the ‘virtual fence,’ for example — have been dumped. Temporary guest worker measures are gone, too. There is no way many Republicans would go along with a new Democratic measure. Even [McCain says] he ‘got the message’” since he’s campaigning for reelection” and that the US should ‘secure the border first.’ … Nevertheless, it appears the Democrats’ ‘cynical political ploy’ will go forward.” Bye-bye, cap and trade — bye-bye, climate change bill — and let’s just make everybody think all we care about now is amnesty and immigration. Byron York points out: “For Reid and his party, it’s a high-risk base-strategy gamble. Maybe it will work. But if it doesn’t, it could mean a Republican victory in November that’s even larger than GOP optimists predict.”

Here is the Reverend Sharpton press conference yesterday in New York City.

SHARPTON: We will bring freedom walkers to Arizona just like freedom riders went to the Deep South 50 years ago. But we cannot sit by and allow people to be arbitrarily and unilaterally picked off as suspects because of the color of their skin.

RUSH: There you have it! The race industry loves this. They are eating this up. They just can’t believe the good luck. Well, let’s go back. Grab audio sound bite 32. Last Wednesday on his syndicated radio show (on two radio stations) the Reverend Sharpton said this about the new immigration law in Arizona.

SHARPTON: I think it is racial profilin’. I think it undermines the Constitution. But there are many, including many in our community, that says, “No. These immigrants are taking our jobs. They are — they are milking our economy — and, Reverend, I don’t agree with you on that.” I have a lot of people in even the National Action Network say to me, “Reverend, I’m with you on a lot of things. I’m not with you on this.”

RUSH: So the Reverend Sharpton admits he’s going to have to find some freedom walkers out there that might not come from his radio audience because the African-Americans in his radio audience oppose amnesty. Notice they’re not called racists. Notice the Reverend Sharpton does not call members of his own National Action Network racists for opposing amnesty. No, no! they oppose it legitimately. They oppose it because they’re losing their jobs. They want jobs And they’re afraid they’re going to lose their jobs to illegals via amnesty. Well, other people think the same thing, Snerdley, but if they’re not African-American or Latino they’re called racists. Now, I think this is quite an education. Remember here something, too, as we go down the road on this thing: The Republicans can’t stop amnesty. Well, maybe with Scott Brown. It’s a toss-up there.

But if they have to go the reconciliation route, they will do that. Thuggery. Who cares what the Constitution says? Who cares what legislative tradition says? So Sharpton apparently is willing to go against the community… (interruption) Why? What’s his motivation here? (interruption) Well, I know. He’s now Obama’s man in the streets. And there have been stories about that recently. So, okay, freedom walkers. So basically here’s how to describe the path of the Reverend Sharpton: From the streets to the suites and back to the streets to talk about sheets. We’re simply reliving the days of Bull Connor except today the Arizona governor is Bull Connor. They’re recycling it all, and they’ve got the first African-American president leading the way — exactly as I, your host, predicted even before the immaculation. Here’s the Los Angeles Times: “Arizona’s Immigration Law May Spur a Showdown.” In this story, it says that Obama “‘examine the civil rights and other implications’of the law.” “Obama signaled that a legal showdown might be possible and that his administration would “examine the civil rights and other implications” of the law. … But the law’s opponents were highly skeptical that it could be enforced without police singling out Latinos. One provision of the law prevents police from using race “solely” to form a suspicion about someone’s legality, but the law does not prevent race from being a factor.” Uhhhh, like affirmative action? Like affirmative action, my friends? Ha-ha-ha-ha. I like to jab it in there. So (sigh) here we have all of the panic, all of it. Listen to our good buddy David Brooks who is just practically near tears over all this. He was on Meet the Press yesterday, and David Gregory said, “Immigration. Now a front burner issue.” Now, what Brooks shoulda said is, “Yeah, and Rush Limbaugh predicted it would be, just a month ago,” but he didn’t say that. Here’s what he said.
BROOKS: This bill in Arizona is an invitation to abuse. You’re going to have the government making decisions on the basis of raises and at what level are they making these decisions? At the cop level in the worst possible circumstances, when people are angry. It’s an invitation to sort of racial profiling and abuse. SO I think it’s terrible. But the worst effect is happening back here, because now we have the Democrats promising to have a comprehensive immigration bill before any of the preparatory work has been done, pushing aside a lot of other stuff, like cap and trade and energy — and why are they doing it? For purely political reasons because a lot of Democrats, including Harry Reid, who is trying to get reelected in Nevada, need to really fire up Latino voters to get them to come out to the polls.

RUSH: Right. So Brooks gets it. He gets it but he doesn’t understand why he gets it. Well, there he is. He’s on record: “Purely political considerations,” which is all anybody in the Democrat Party is doing these days. He’s… (interruption) I know. He’s slamming the police as being racist. But you have to do that if you’re a Washington, DC “centrist” or a “moderate.” You have to always accept the premise of the left. You can’t confront them on an issue of right and wrong for being thought of as racist or intolerant, so you have to go along with that premise. But then you get into the politics of it and say, “Eh, why are they doing this?” Because, see, the bottom line is: Brooks really wants this bill. Brooks and the boys want an amnesty bill down the road and he’s upset because the Democrats are going about it in a way that makes it appear that they don’t really want to get it. They just want to use the effort to get Latino voters. So Lindsey Graham pulls out, Thomas Friedman — who I should tell you, by the way, married into one of the most wealthy real estate families in this country. Thomas Friedman who’s on a kick now to make everybody “go green” and reduce their carbon footprint and all this. Thomas Friedman lives in a 12,000-square-foot home near Maryland with a giant pool out there. Who knows how many car garage he’s got. Yeah. It’s okay for him. It’s okay for him. Here’s Thomas Friedman also on Slay the Nation. Bob Schieffer said, “Tom Friedman, I want to ask you about this business now that the administration has decided to postpone bringing up the climate bill. I know you write a lot about that. What do you make about what’s going on here?”

FRIEDMAN: This is a disaster, Bob! This is a travesty. Bob, right now in Beijing, they’re high-fiving each other. “Oh, yeah, baby! This means the Americans are going to be paralyzed on green tech.” They don’t even need an immigration bill, Bob!

SCHIEFFER: (stammering)

FRIEDMAN: They’re worried that Harry Reid is going to lose in Nevada where you have a big Hispanic vote. Hispanics are very concerned about an immigration bill that will bring some legality to illegal immigrants here. Barbara Boxer is vulnerable in California.

RUSH: What is he saying here, the ChiComs are worried about Harry Reid? (interruption) Well, that’s crock. The Chinese aren’t worried about green jobs. The Chinese are smart enough to know there aren’t any such things as green jobs. The ChiComs are very content for people like useful idiots like Friedman to push the notion that there are green jobs. Let our government get bogged down. Let our country get bogged down all these green jobs. (interruption) Who? The ChiComs making the solar panels? Fine, fine. Do they work? Do they make a bit of difference? No! The ChiComs are selling us the tools of our own demise. The ChiComs are selling us the tools of our own demise. The minute we start pulling back on carbon production, the minute we start reducing our energy footprint is the day our economic growth stops. The ChiComs are more than happy to fulfill this, and they got useful idiots like Friedman writing about it. So the ChiComs, they think they’re going to get the green market cornered? (laughing) They have every market cornered before this guy is through — Obama, I mean. And now we’re told that the ChiComs also worried that Harry Reid might lose and that Barbara Botoxer is in problem out in… (interruption) Yes, Snerdley: Botoxer. Barbara Botoxer is in trouble out in California. The ChiComs are worried about this? So he’s really steamed here. You know, I kind of enjoy it, though, hearing all of these liberals in disarray. Schieffer then said, “Look, Larry Summers says they can do both.”

FRIEDMAN: First of all: Good luck. We have the energy Senate bill! There is no immigration bill anywhere! This is about politics. On both sides, okay? Lindsey Graham. Shame on the Republican Party! There’s one Republican for advancing green energy in this country? One Republican senator dares step out? So he’s completely isolated, and the Democrats are worried about Harry Reid? Have a nice day.

RUSH: And the ChiComs are worried about Harry Reid. Stop and think of this. Stop and think of this. Mr. Friedman, this is the way you and Brooks and the rest of you guys ought to look at this. Lindsey Grahamnesty? Lindsey Grahamnesty? Who? In the big scheme: Who? Lindsey Grahamnesty, one Republican out of 41 of them, bolts and a piece of legislation is dead in a body that has 59 Democrats? One Republican bolts and one Republican can cause all this chaos? And see, here’s the problem for Lindsey Grahamnesty. He’s going to be blamed as Republicans hate clean air, clean water, green tech, new jobs, all that stuff. It isn’t going to fly. It will fly with the usual 30% that are brain-dead freeloaders, but it’s not going to fly as the American people become more informed and more educated and understand exactly what now we are all up against with this regime.
BREAK TRANSCRIPT

RUSH: Here’s Janet in Phoenix as we start on the phones. Great to have you here.

CALLER: Hey, Rush. Hey, I am the Republican Congress challenger against liberal Ed Pastor, and I had the great privilege on Saturday of having a town hall here in Phoenix with Hispanic-Americans. And it was so surprising, there was a little apprehension, I didn’t know what I’d be walking into with all the national attention that’s been given to the new Arizona law as having the potential to violate civil rights, but we took it to the people, and I’ve got news for Obama and Reverend Al, 70% of Arizona voters support this law, and that number includes 51% of Arizona Democrats. So they need to wake up. But the discussions included some really heated things at times, but cooler heads prevailed in the end, and the vast agreement was that border security is needed here in Arizona, it’s been needed for a long time, and the federal government is failing us miserably.

RUSH: Exactly, even Senator McCain is saying so. Even Senator McCain’s wanting 3,000 National Guard troops. You know, guess who else wants National Guard troops? Chicago. I have a list of recent crimes in Chicago — our president’s quasi-hometown — that prints out to five pages. They want the National Guard in the president’s quasi-hometown to help suppress the crime effort there. So they want the National Guard on the border. And don’t forget Obama wants his own domestic police force that rivals the US military. (interruption) Do I believe McCain? I’m being asked if I think McCain is sincere. I don’t know. I mean, you would hope so. You would really hope so. But it is election season and his position on immigration is generally not as tough. In fact, it’s generally nowhere near what his position is now. But, you know, things have changed. I mean ranchers are getting shot on their own property in Arizona.

You have 70% of the people of Arizona supporting this, 51% of Democrats, and throwing around these accusations of civil rights violations is just a tactic, and its intent is to subordinate US law to feelings. Its intent is to subordinate our Constitution and our statute law to a liberal agenda that seeks to overturn our constitutional founding and the rule of law as we know it today.

END TRANSCRIPT

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