A troubled woman, named "Marie" called ol' Rush on January 21 wondering what she should do: the value of her house has declined dramatically, and her business is on the ropes and she needs some hope. She didn't vote for Obama because she doesn't agree with his policies. But she's desperate.
Limbaugh, the suave economic advisor, said:
"Well, you might want to consult history. I don't know how old you are, but I've got a story in the stack that I'll get to quickly. It was much worse than this 26 years ago, Ronald Reagan's second year. The 1970s were an absolute disaster: double-digit unemployment, double-digit interest rates. Nobody could borrow because they couldn't afford it. You couldn't -- and back then, you had to have 20 percent down to buy a house unless you went with FHA, and even -- and that was very tough to qualify for back then. ... "
Later on Limbaugh returned to this subject:
"...I've been broke twice in my life. I've described the circumstances. I wouldn't be sitting around waiting for somebody to tell me what I should do, wouldn't be sitting around waiting for somebody in Washington to come up with a plan that's going to start getting people to spend money ... I would be doing everything I could to make money. If that meant a different line of work, so be it. ... I think poor Marie has been subjected to how many years of media attempts to create a crisis mentality where the economy is concerned. For five years, at least, the media's been trying to convince every one of you that we're already in a recession, and now, they're trying to convince you we are in a depression, that it is worse than the Great Depression, and it isn't.
"We haven't even gotten close to how bad it was in the 1970s. We haven't gotten close to the recession in 1982."
You'll notice first of all, Limbaugh eviscerates the truth with nonsensical rantings about how our economy was much worse in the 1970s and in 1982. Not quite. I remember those times quite well. They don't begin to compare with our present situation. Of course, as per Rush, we're not in a recession/depression; such thinking is a figment of the imagination perpetrated by the media!
Perhaps this call was merely a setup so Rush could blather on about pulling one's self up by his/her bootstraps and chant the usual mantra about how big government is bad and shouldn't be expected to bail people out of trouble.
Limbaugh, of course, is first of all an "entertainer," and I use that word loosely. Thus truth or knowledge are not included in his on-air lexicon. In this particular case, his immediate goal is to make sure his deluded listeners undersand that President Obama won't be able to help them.
Obama's a liberal, for god's sake. We need another George W. Bush with strong, conservative principles!
And Limbaugh's a moonpie.
h/t to Media Matters