'He's Got 2 Years Here to Double Down, Triple Down'
Joe Kovacs, WND — Barack Obama is in a perfect position right now to do “maximum damage” to the U.S. economy, according to radio giant Rush Limbaugh, who believes the president has no intention of improving the financial state of the nation.“He’s at maximum damage potential right now, max damage. He can inflict the greatest damage possible for the purpose of transforming the country from capitalism to Western European socialism,” Limbaugh said Monday afternoon.
“He’s got two years here to double down, triple down, max out on it – and that’s if he cares about the 2014 midterms. But if you listen to Democrats talk, they don’t care about that.”
Limbaugh was commenting on Obama’s push for tax increases as Republicans continue to negotiate with the Obama administration on how to prevent plunging off the so-called “fiscal cliff.”
In 2010, Obama said taxes should not be raised, fearing it would harm the economy.
“That’s because he still had another election to worry about. Now he doesn’t for at least two years,” Limbaugh said.
[...] Limbaugh said no matter how much is spent on unemployment, it’s still never enough, and thus, the continuous push for extensions.
“And don’t forget this,” he concluded.
“From [Nancy] Pelosi to Chuck Schumer to Obama and to all the Democrats, unemployment benefits are now an economic stimulant. Every dollar of unemployment benefits generates $1.73 of economic growth, you see.
“And the people who voted for Obama believe that crock. But they believe it, and so we have arrived at the point where the recipient of unemployment benefits is told that he or she is helping to grow the economy! So we’ve even turned the morality aspect of this upside down. Now it is perfectly moral to extend unemployment benefits because those are growing the economy, without jobs. It’s magical! It’s a beautiful thing.” » Read More
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About the Author
Joe Kovacs is an award-winning journalist and, since 1999, executive news editor of WND. He is the author of two best-selling books: "Shocked by the Bible: The Most Astonishing Facts You've Never Been Told" and its 2012 sequel, "The Divine Secret: The Awesome and Untold Truth About Your Phenomenal Destiny."