Obama: "The Private Sector is Doing Fine"

[Guest]

June 08, 2012

RUSH: Now, folks, maybe I'm getting a little old. I am. We're all getting older. And maybe my mind is starting to wander. But I could have sworn about an hour ago, a little over an hour ago, I coulda sworn that I just heard the president of the United States say in his remarks about the economy that the private sector's doing fine. He said the private sector's doing fine. He said the problem is government jobs. That's the jobs we're losing. State, local government, those are the jobs that are in peril. Private sector is doing fine.

Now, not even Obama can believe that, and does he really expect us to buy it? Maybe that was meant to be a dirty joke that we don't get. Maybe that was a double entendre, private sector doing fine. There's a transcript. Here it is. "What about the Republicans saying that you're blaming the Europeans for the failures of your own policies?" Obama: "Well, truth of the matter is, as I said, we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector's doing fine. Where we're seeing weaknesses in our economy have to do with state and local government." Now, notice he's trying to blame the weakness in our economy on budget cuts being made by state and local government.

BREAK TRANSCRIPT

RUSH: So he's blaming the weakness, Obama is, the weakness in our economy on budget cuts made by state and local governments. I offered a thought the other day, I don't think there's anything forward about Obama or progressive. I think Obama's locked in the thirties. I think that's his nirvana. You know, a lot of people want to go back to Ozzie and Harriet and the fifties, the innocent, burgeoning fifties. Obama really wants to go back to the thirties. He wants to redo the New Deal. That's where he's stuck.

He went on to say, "If Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is how do we help state and local governments." In other words, he's calling for yet another stimulus. He wants to shovel even more billions of dollars into the pockets of his campaign foot soldiers in the public sector unions. That's what he's talking about.

He had Wisconsin in mind, I have no doubt, when he said that the budget cuts -- state, local budget cuts -- are where families and people are losing their gigs, their jobs and so forth. And when you look at Wisconsin... The big number out of Wisconsin? Did you see how many people gave up being members of unions? It's like 40,000. Forty thousand people! When Scott Walker passed this initiative to allow them to opt out of the government deducting dues, 40,000 people left unions.

They went from 60,000-plus members to 27,000 or 28,000.

It was a huge, huge blow.

But Obama knows that these votes are not gonna buy themselves. Now, how out of touch do you have to be, when the real unemployment rate is over 11%, to say, "The private sector is doing just fine"? "The private sector is doing just fine." Now, maybe he's not senile, but he certainly is obsessive-compulsive. Of course, we could be looking at this from the wrong end, folks. I mean, you've gotta be open to all possibilities. Maybe, in Obama's mind, the private sector is doing just fine. There's another story out there today that the number of people on food stamps has doubled under Obama.

That, to him, might be the private sector doing just fine.

There might be 88 million adults not working, but they are eating. "The private sector is doing just fine." He may look at it that way. Maybe that's exactly what he wants. Maybe he wants that. Maybe the private sector doing just fine is a lot of people not working but eating, with their cell phones on and their TVs on, and depending on government for all of that. Maybe that's what he means by, "The private sector is doing just fine." He wants more people to be made dependent on government so they'll vote Democrat.

The private sector is doing just fine.

BREAK TRANSCRIPT

RUSH: The RNC is already out with an ad mocking Obama for saying, "The private sector is doing fine." It's a great TV ad. It won't do any good to play it here on air. The only audio is Obama saying, "The private sector is doing fine." The rest of it is graphics. Cookie, send it up to Koko and we might put a link to that ad at RushLimbaugh.com. But they're out already with an ad that mocks Obama saying, "The private sector is doing fine." Again, the number of people on food stamps under Obama has doubled.

That equals the private sector doing fine. People are eating; everything's okay. "The private sector is fine." It's state and local government workers who are in trouble. That's what Obama said. Why would he say that coming out of Wisconsin? He's trying to tell 'em he's got their backs, even though he didn't. He's trying to tell 'em... (interruption) No, it was at his press conference this morning.

He said, "The private sector is doing fine." It's state, local government employees. That's where our problem is. Okay, he just got shellacked in Wisconsin, and he didn't go in there to help the union. He did not have their backs. That's a big no-no. So he's coming out and saying state and local union workers, state and local government workers, that's where the pain is. He's trying to tell 'em he's got their back. But they know. They're beginning to doubt that he does.

http://www.rushlimbaugh.com/daily/2012/06/08/obama_the_private_sector_is_doing_fine

[Dr. Shane]

Of course Rush is full of a lot of hot air and Obama hatred so while he sometimes makes sense, I don't place a lot of weight on his opinion.

One thing that struck me about Obama's opinion is that he doesn't seem to connect 1 and 1 to get to 2. He says the private sector is doing well but the public sector is not. The public sector he is talking about are cities, states, school districts, etc.

Here is the connection he is missing. When the private sector does good it makes money. The more money generated in the private sector, the more taxes are paid and collected. Thus cities, school districts and states have more money to hire more people. So the two are tied together. If the private is doing well like Obama claims (which I don't believe) than very shortly those additional taxes will be flowing and the public sector will be hiring again.

Obama's idea is to raise taxes. However if the private sector grows we don't need to raise taxes. And if we do raise taxes it could slow the growth in the private sector. it is like the church and tithe. If the church needs more tithe all we need to do is get more members OR for the members we have start making more money. We don't need to increase tithe from 10% yo 12% in order to get more.

[Woody]

Thanks for this post Richard. This is shocking and true. Rush is right on.

[Guest]

Of course Rush is full of a lot of hot air and Obama hatred so while he sometimes makes sense, I don't place a lot of weight on his opinion.

His hot air makes more sense than yours. Simply because he knows exactly what he's talking about, most of the time. Liberals hate this.

When somebody is provably right 98.4% of the time, I don't know how you can just dismiss what they say, as being nothing but hot air.

Do you really think nobody is keeping a running tally of how often he is right, and how often he is wrong? I'm talking about tangibly right. Something that you can prove.

[Guest]

Here is the connection he is missing. When the private sector does good it makes money. The more money generated in the private sector, the more taxes are paid and collected. Thus cities, school districts and states have more money to hire more people. So the two are tied together. If the private is doing well like Obama claims (which I don't believe) than very shortly those additional taxes will be flowing and the public sector will be hiring again.

Obama's idea is to raise taxes. However if the private sector grows we don't need to raise taxes. And if we do raise taxes it could slow the growth in the private sector. it is like the church and tithe. If the church needs more tithe all we need to do is get more members OR for the members we have start making more money. We don't need to increase tithe from 10% yo 12% in order to get more.

I agree. :)

[Woody]

You are so right about Rush Richard.