Limbaugh's Take
Michelle Malkin links to Rush's transcript from yesterday's show. Great stuff. Here it is in part. RUSH: God Bless the House Republicans
So there's a lot at work here, and it's simple to understand. There were five committee chairmen that owe their careers to Nancy Pelosi, who voted against the bailout. She didn't try to twist their arms. She didn't do anything of the sort. She goes out there looking all ash-faced yesterday like it's the dregs of disappointment. She got exactly what she wanted today. She's got the idiots, the economic illiterates at CNN, at MSNBC, at ABC, CBS, wherever, blaming McCain, blaming Republicans, 35 days before an election. Five weeks out, the Drive-By Media is following right as they should, blaming Republicans for an upcoming economic disaster. They played election issue politics yesterday disguised as trying to help the country and save the country. The Democrats want as much economic chaos as they can create. They want as much angst; they want as much concern; they want you thinking crisis, crisis, crisis, crisis, crisis; they want all of this happening so that you will elect Obama. The Republicans in Congress, I think went out there and said some things about Pelosi's speech yesterday that a lot of Republicans, a lot of conservatives, "Come on, you guys, can you grow up? Don't tell us that you changed your vote on saving the country because Pelosi delivered a partisan speech." I, frankly, think that's what they said, but I don't think that's at all why they changed their vote, if they changed their vote at all. I think that's what they went out there and said.
The speech by Pelosi was irresponsible. She is stupid. One trillion of wealth was lost yesterday with that 777-point drop. But it's coming back a little bit today as it's up 264 points at the Dow Jones Industrial Average. Now, I think what happened -- this is pure politics -- the Republicans in the House are sitting there watching the vote go, and they're seeing all these Democrats vote "no." Do you know that 12 members of Barney Frank's committee voted "no"? Barney Frank wasn't running around trying to change any votes. So the Republicans are watching all these Democrats vote "no" after being told all week it was their responsibility to join with Democrats to make this happen, and after knowing full well that the Democrats really wanted this to happen, they could have passed it on their own without Republican help. That was the spin. And then they sit there and they see all these Democrats voting against it, voting nay, and they say, wait a minute, what's happening here, and they figured it out. They figured out that the vast majority of public opinion around the country is dead set opposed to this, isn't even close, and they see Democrats in crucially close districts voting against it so they can run around and campaign, "I voted against that bailout, I knew it was the wrong thing to do, but our Republicans voted for it."
It was a setup from the get-go, and however it is that the Republicans decided to change votes or to vote against it, it was the wise and smart thing to do. Now there's time to put something together that makes some sense, but this is not the bunch to do it! This is the bunch that caused it! I sit here in continual amazement that we are willing to let the very thieves that stole from Fannie Mae, Freddie Mac, the very thieves -- I'll tell you something else. Not only do Barney Frank and Chris Dodd, et al, need to leave office, we need to shut down Fannie Mae and Freddie Mac, shut 'em down. What have they done for us? What is the value that they have provided? They are at the root of all of this. Had Fannie Mae and Freddie Mac not done what they did and had it not been papered over and ignored by regulators in the House, the oversight committees, we wouldn't be where we are today. It's just that simple. You might say, "Rush, Pelosi is looking really bad. How do you know she got what she wanted?" You gotta understand, you have to understand how they look at things. The country is second or third on their list right now. Power is number one, winning the White House, number one, holding the House and Senate, blaming Republicans is number two for everything that has gone wrong.
They'll fix, they think, whatever mess they create in the process, after they get what they want. But the very people that are going to fix this are the very people that caused all of this. So what happened yesterday was exactly as I suspected, before we left the air yesterday, before this program concluded, we all were sitting here thinking, oh, wow, oh, it failed, oh, no, panic, crisis, down 777 points, Pelosi goes out all ashen-faced, Bush is distressed, he's upset, and a lot of Republicans, conservatives are upset because they think the Republicans stand in the way of government doing the right thing. God bless the House Republicans. God bless 'em, folks. This whole thing was a setup. From the very moment that they started talking Armageddon-type crisis, I kept saying, why wait? Why wait a week? We don't have two weeks. We don't have a week, Armageddon-type crisis. Then the Democrats refused to do anything until they were assured that the Republicans would be on board.
10:24 AM
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