Another Rush comedy piece...
Do You Want to Bet with Democrats?
May 5, 2006
BEGIN TRANSCRIPT
RUSH: Ladies and gentlemen, let me run a thought by you here. What spawned this thought is that we had a caller -- not a caller. We've had several callers like this over the course of the recent past: people concerned about immigration from the standpoint that we don't have enough replacement workers when the Baby Boom Generation begins to retire because the US birth rate is down, and their fear is, "What's going to happen to my Social Security and Medicare if there are fewer workers paying in?" So these calls for a limit on legal immigration are a little frightening to people, and as I should point out to you that George Allen and John Cornyn -- a couple of senators, one from Virginia, one from Texas -- have proposed increasing the allowance to 115,000 legal immigrants who qualify as highly educated, skilled in the technical and medical fields.
Right now there's a 65,000-per-year limit on that. They want to essentially double it to 115,000. We'll see how this little bill tracks as it moves forward. But all of this got me to thinking about investments. We hear that the savings rate in this country is pathetically poor, and I just disagree with that. We have more people in 401(k)s; people are in pension plans. I think the investor class is an increasing number of people, and look at the Dow Jones Industrial Average. Let me check to see what it is now. But it's over eleven-five or it was. Yep, still is, 11,549. It's up 110 points as we sit here today. The record is just over 11,700 -- and of course for those of you worried about Social Security reform and Medicare reform, I would like to remind you the president tried to do this.
He might have mis-sold it on the basis of investments rather than security, and the way you sell things is crucial. The reason people like Social Security is because of that one word, security, that's in it and if the president had sold this on a security basis he might have gotten farther with it. But still he tried, and there were a number of efforts to explain to people what he was trying to do, warn people of the problem they fear. It's out there, and it's going to become reality someday unless we change the system and allow people some control over their Social Security accounts, quote, unquote. No, can't do that! Democrats opposed it.
Democrats said, "Investments go sour, can't trust investments. Investments are rotten. It's just going to make these Wall Street Journal guys wealthy, and that's all it's going to do," when most of the Wall Street guys are Democrats anyway at Goldman Sachs and a number of these other places. It got me to thinking about investments, because the Democrats end up talking about investments all over the place, and how good are they at it? I mean, they invest in things so as to increase their fund-raising, do they not? They do. Well, look at some of the things that they bet the farm on in terms of investment. They bet the farm on a bad economy.
They ran around and they talked -- and they still are. They're talking about how rotten the economy is, how most people are being left out of it; they're not participating in it. It's only Bush's real millionaire buddies and oil cronies that are benefiting, but in fact the real problem for Democrats is the economy is doing so well, they are running out of victims. Hence, their eagerness to allow illegal immigration to come into the country and the felon vote and so forth. Then they bet the farm on DeLay: "culture of corruption." They were out there raising money on the bad economy; they're out there raising money on the culture of corruption with DeLay, all part of the culture of corruption, and then this sad story with Patrick Kennedy comes along and further gives them problems.
Then you had the problem with Congressman William Jefferson, Democrat, Louisiana, and this guy from West Virginia, Mollohan, the ranking Democrat on the ethics committee. They had to get him off of that committee because of his problems with corruption-- and I'm sure you could think of other examples. The Democrats invested in Bush's National Guard story. They invested in "no weapons of mass destruction." They've invested from a number of things for fund-raising purposes, and they bomb out every time. The things they hope and expect and want to happen, don't. So I'm just wondering. Are these the people that you want making judgments for you? They certainly aren't for me, particularly when it comes to national security.
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