People Start to Agree with Me: An
Economic Shutdown Isn’t Sustainable
rushlimbaugh.com,
by
Rush Limbaugh
Original Article
Posted By: Harlowe,
4/1/2020 4:37:20 PM
RUSH: I’ve got a couple of great things. You know, yesterday I was dancing around the topic, dancing around the eco-message. This is not sustainable.(Snip)This is exactly my point. What are we doing? We have purposely shut down capitalism. We’ve shut down the largest economy in the world. We’ve shut down the economy the world needs. The biggest roaring economy the country has ever seen, we’ve shut it down. It took three years, only three years to build this economy up from the tepid state the Obama administration left it in, and now we’re right back there. Do you realize it’s just taken two months
Reply 1 - Posted by:
MFM 4/1/2020 4:44:38 PM (No. 365348)
As usual nothing but excellence from el Rushbo during today's fastest three hours in radio..
28 people like this.
Reply 2 - Posted by:
marbles 4/1/2020 4:45:21 PM (No. 365349)
Rush said today that he can say things that the people behind the podium ( for the nightly news conferences ) can't say. It's in the posted story. I thought that was interesting. Limbaugh and Trump are friends...............
24 people like this.
Reply 3 - Posted by:
DVC 4/1/2020 4:51:30 PM (No. 365356)
I love Rush, but this isn't really a new idea. It has been very clear from the start, and stated by many, that this cannot run forever, it HAS TO END and the sooner, the better.
23 people like this.
Reply 4 - Posted by:
Harlowe 4/1/2020 4:52:37 PM (No. 365358)
#2- Precisely! Connecting the same dots. Bravo, Rush! Thank you!
18 people like this.
Reply 5 - Posted by:
unagator 4/1/2020 5:02:44 PM (No. 365366)
I'd like to see a poll of people over 60 asking if they want to see this economic calamity forced on their children and grandchildren to potentially keep them safe.
19 people like this.
Reply 6 - Posted by:
hurricanegirl 4/1/2020 5:06:30 PM (No. 365368)
So if a peon like me sees this, and most of the esteemed posters here see this, and Rush clearly sees it, as well as many other conservatives, then please explain to me why the president--the REPUBLICAN Jobs, Jobs, Jobs, Strong Economy, MAGA president--and numerous Republican governors are blind to the fact that shutting everything down is NOT the way to deal with this?
Anyone? I don't know about you, but I'm feeling betrayed right about now. And I'm pissed!
16 people like this.
Dear Rush, Please stop playing into the left's hands by undermining the President. You do not have all the facts and like most of the other pundits you are basing your opinions on ideology rather than common sense. We cannot close our eyes to the possible loss of 1 or worse 2 milliion people. I stopped listening to you yrs ago for just this reason. You are a better version of Jonah Goldberg. You are not a Never Trumper like he is but you might as well be with the attitude that we cannot close our doors for 4 weeks and recover. We are Americans we will fight and win and with the loss of as few lives as possible. Stop being a pansy. American lives are important and granted the economy is important but we can save both with a bit of patience and hope rather than your negative attitude. What if you just decided you couldn't go through chemo to get to a positive result? Think about it. Sacrifice is part of our DNA and we are in this together, start acting like it.
9 people like this.
Reply 8 - Posted by:
red1066 4/1/2020 5:24:05 PM (No. 365384)
Rush had the statistics on the number of worldwide deaths from Jan. 1st to March 25th. Deaths from the coronavirus is dwarfed by deaths by cancer, alcohol, traffic accidents, flu, abortions(10 million), and suicide during that time period.
13 people like this.
Reply 9 - Posted by:
Bur Oak 4/1/2020 5:25:44 PM (No. 365386)
If shutdown is sustained the economy will go into a depression. We've already shutdown way too much. It's nuts. This is not hurting our highly paid Washington bureaucrats though. I heard today that not a single TSA employee has been laid off even though most have nothing to do. They do get to stay home every third day. Angry yet?
17 people like this.
Reply 10 - Posted by:
Harlowe 4/1/2020 5:29:22 PM (No. 365396)
#6,#7- Please refer to #2. Rush is not undermining President Trump. Read the transcript. Connect the dots. Quite the contrary. Rush is bringing to the forefront the reality that, “In this climate, any politician or businessman who wants to step up and say ‘we have to get back to work or risk far more long-term damage’ is putting his head in the media’s guillotine.’” As Rush put it, he is a guy on the radio and can say this—thankfully! Rush went on to point out how the media would play to the emotions of the electorate and “cream ‘em for insensitivity, not caring how many lives are lost.”
12 people like this.
Reply 11 - Posted by:
hurricanegirl 4/1/2020 5:33:56 PM (No. 365402)
Ummm, #10, I never said Rush was undermining the president. I said, if I can see that we need to get back to work, why can't other people--Republicans who are SUPPOSEDLY all about MAGA--see it, too? This shutdown is killing us, NOT the coronavirus.
6 people like this.
Reply 12 - Posted by:
davew 4/1/2020 5:38:37 PM (No. 365405)
So let's take a breath and assess what the current damage actually looks like. The critical small business and independent contractor segment of the economy will be able to get SBA loans from the Treasury starting Friday that should allow them to keep their employees on the payroll for at least 6 weeks. The loans are forgiven if they don't lay anybody off. Larger businesses like airlines and travel businesses can tap lines of credit from the Fed to meet their obligations as well. People who are eligible for unemployment insurance also receive a supplemental check that can tide them over for several weeks at nearly their original pay. This is hardly bread lines and soup kitchens for most of the affected workers.
Nobody knows exactly how long anything will last because we don't have crystal balls. Next week the unemployment claims will probably hit 35 million or about 30% of the workforce which is actually worse than the Great Depression. But the relevant part of the time series graph is not the peak value at any time but the area under the curve. If we have 35 million unemployed for two days its called a weekend. If its for a week its called Christmas break. If it lasts a quarter it will be called a recession. If it lasts 12 years its called the Great Recession. The actual impact of this unemployment will only be known when we can see more of the curve which is directly correlated with the number of workers who are well enough and bold enough to go back to work. They won't be willing to go back until they trust that the new case count and death count are declining regardless of what public officials might decree.
3 people like this.
Reply 13 - Posted by:
Harlowe 4/1/2020 5:54:18 PM (No. 365417)
#11- #6- “MAGA president ... blind to the fact that shutting everything down is NOT the way to deal with this? ...”
Mea culpa for not being more specific. Was being all-inclusive with Rush’s pointing out that “any politician or businessman who wants to step up and say ‘we have to get back to work or risk far more long-term damage’ is putting his head in the media’s guillotine.’” Politician/businessman. Meaning, there is no doubt that President Trump, a highly successful business tycoon, sees the danger, but with the current intense atmosphere of COVID-19 and unrelenting savaging of him by the mainstream media, he is focusing on the safety/security of American lives and does not want to take the focus off of the pandemic at this point in time.
It would not be surprising to learn in the future that, behind-the-scenes, President Trump was working diligently, as he does with everything, to address the current economic plight. What Rush has been doing these past two days may encourage governors to look beyond national statistics and consider their individuals states, perhaps by counties, to determine whether or not the quarantine can be lifted in some areas to get people back to work.
9 people like this.
Reply 14 - Posted by:
LC Chihuahua 4/1/2020 6:01:58 PM (No. 365425)
An economic shutdown is not sustainable. That has been said from the beginning.
Hopefully the United States reopens regardless of what is being said regarding the CV. When public sentiment reaches a tipping point it will happen.
8 people like this.
Reply 15 - Posted by:
Wendybird 4/1/2020 6:37:34 PM (No. 365442)
Rush encapsulates most relevant things in a few words. He will ba a great name in history, with few peers. Meanwhile, DJTrump is doing what he has to in order to avoid complete destruction of the progress he has allowed for this country. I suspect that this chaos will be placed in its true perspective by mid to late summer.
11 people like this.
Reply 16 - Posted by:
nwcudagal 4/1/2020 6:44:55 PM (No. 365447)
I scream at the TV at every press conference, but I can't deny what is happening. The crisis and loss of life has to be dealt with, but the economy will never recover because there is too much free money being handed out. I told my DH the other day that the start of socialism started when parents weren't expected to feed their own kids. Now I'm in wonder of a society that sets up all manner of ways to feed the kids when probably many of those parents and kids have iPhones and a lot of the food is thrown away. My GD lives in Oregon, and is now unemployed so she gets money and health care for free. In my opinion this just promotes socialism. I have been a miser for years (that's what my DH says); he's glad now. Hopefully we will weather this storm. I have a serious lung disease and don't leave the house now; DH is retiring from his job this week to not bring any virus to our house. Makes me sick that the politicians can never rise above their own ambitions and do what they were elected to do. Sorry for my rant.
6 people like this.
Reply 17 - Posted by:
Catherine 4/1/2020 7:01:11 PM (No. 365458)
# 8 - here are the statistics on Rush today. Unbelievable. And we are going crazy fighting this virus.
This is January 1st through March 25th. So basically three months.
Coronavirus, 21,000 deaths.
Seasonal flu, 113,000.
Malaria, 228,000.
Suicide, 249,000.
Traffic fatalities, 313, almost 314,000 deaths.
HIV/AIDS, 391,000 deaths.
Alcohol related deaths, 581,000.
Smoking-related deaths, 1,162,000.
Cancer deaths, 1,909,000 deaths.
Deaths attributed to starvation, 2,382,000 deaths.
14 people like this.
I suspect the overwhelming amount of $$$ will end up going to ensure government employees keep getting their paychecks, pensions and some will shore-up lagging pension funds too.
As far as people needing to get back to work, that's a no-brainer, but at this point in time, it's not going to happen very soon, May possibly.
They should be working with landlords and banks to ask if they can hold-off on payments, or simply forgive payments, they would have a tax benefit (sweeten it if needed than a simple write-off). This would include companies who rent office space and retail locations. If their landlord can afford it, maybe they'd prefer a tax benefit - after all, many won't be able to catch-up on their rent payments, in particular.
This would be much more quantifiable, and easier to manage without massive new spending.
4 people like this.
Reply 19 - Posted by:
RuckusTom 4/1/2020 7:29:01 PM (No. 365475)
All part of the plan ... just before the November elections.
2 people like this.
Reply 20 - Posted by:
Kate318 4/1/2020 7:31:41 PM (No. 365476)
Many of you have missed Rush’s point. It’s not just a few weeks. There is no endgame in sight, and people will not be able to take an open-ended wait and see policy much longer, if the country is to survive. Viruses will come and go, but the nation is sustaining irreparable harm the longer this goes on. There must be an exit strategy, but right now the medical community is working toward the same goal that they have for decades. Just keep people alive, no matter what the quality of life. Just keep them alive. The hopelessness that most of us are feeling is that there is no end in sight. And that’s Rushes point. That, and the fact that just bringing up this point brings howls of protest from those who have swallowed the medical community’s approach And projections, hook, line and sinker. Oh, and BTW, I highly doubt that a man who is fighting his own battle with Stage 4 lung cancer can be called a pussy. I thank God that Rush is back. We need another voice pushing back against the “social distance” shamers.
15 people like this.
I don’t understand where money for government comes from without a strong tax base? What we are doing now is printing paper money out of thin air...and that has NEVER worked! We are looking at Hyper Inflation soon if we don’t get a handle on this! Bailing out BIG BANKS is really obscene to me having worked for one of the big 5 for 15 years! Where are their reserves? Oh yea...100’s of millions every year to Senior Management and Board Members...2 or 1% to the worker...and now they want tax money AGAIN? Wow! Any executive that didn’t get his bank under control and build for future problems should be put on the street not bailed out again...yeehaaa...huuuugeeee bonus checks for us boys!
4 people like this.
Reply 22 - Posted by:
joew9 4/1/2020 8:26:37 PM (No. 365513)
Grocery store today was out of a lot of food items. They told me the problem was not people hording. That's over. The problem is they aren't getting deliveries. The suppliers are out. Many of the meat processing businesses aren't running at full capacity. In a couple of weeks the quarantine will end because it will have to regardless of the virus.
3 people like this.
Reply 23 - Posted by:
ZeldaFitzg 4/1/2020 8:45:42 PM (No. 365532)
The guidelines state that this salon is not for back and forth discussion. Unless something unusual occurs, such as a typo we have to correct, L-dotters post once only to each thread.
2 people like this.
I agree with Rush that economic shutdown is unsustainable, you betcha.
Rush has been alarmingly not positive the last coupla days. I am disturbed to say the least.
2 people like this.
Reply 25 - Posted by:
Citoyen 4/1/2020 9:28:55 PM (No. 365569)
Of course Limbaugh is right and he isn't the only seeing disaster on the horizon due to this country shutting itself down. Sweden has elected to keep its society open, urge practical preventative means and let the virus take its course. No mass layoffs, no closed offices and no hysteria. Trump should follow the Swedish response rather than kowtow to the medical class which means well but is myopic. No matter what draconian means are adopted the virus will take its course, as it always does. After "sheltering in place" for months when the people are allowed out to resume their lives there will be another viral outburst going after all us who have been bubble-wrapped ourselves instead of gaining immunity.
1 person likes this.
Reply 26 - Posted by:
Harlowe 4/1/2020 10:44:12 PM (No. 365624)
#23- Being a devout Christian, always playing by the rules, as well as a dedicated follower of this highly respected and valued website for 20 years, am keenly aware of this website’s rules; however, misunderstandings sometimes need to be addressed in fairness to an individual (President Trump, Rush Limbaugh, Ldotter), or cause (COVID-19, economy), and may require a few back-and-forths. Our hostess has been exceedingly generous and her tolerance always sincerely appreciated.
5 people like this.
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Rush concludes by reiterating that Democrats and the media consider the source of wealth is the government and doing what they can to sustain that thinking in the American people—that the government is the source of wealth, fairness, freedom, source of rights, and none of that is true. Rush raised the question, “How much of the economy do we let drift toward Great Depression status before we stop it?” Rush’s apprehension is that the longer this shutdown continues, the more worried he becomes—as should all Americans considering the staggering amount of money being allocated for economic “stimulus.”