Oakland Rioters: Obama’s Base…
RUSH ARCHIVE: [T]here’s no doubt in my mind that the White House is behind this. I wish I could tell you who, but a very prominent person asked me to never mention his name in this regard, but for months he has been telling me, “You watch, Rush, do not doubt me,” he said to me, “Obama is setting up riots. He is fanning the flames for riots and eventual violence.
That’s all he’s got.” And now you look, all of this talk about millionaires and billionaires and people not paying their fair share and this relentless assault on achievement in this country has resulted in what? The appearance of a spontaneous combustion of angry white college students who are fed up with all the injustices that this country is famous for. That’s his base. Occupy Wall Street is his base. Those are his foot soldiers.
RUSH: Damn straight, folks, and Occupy Oakland is his base. If you want to know who the Obama base is, take a look Occupy Oakland.
Now, you probably heard yesterday in Oakland the Occupy protesters were railing against these hard economic times. They closed down the Port of Oakland and most of the stores and businesses in Oakland with a general strike, which is gonna do wonders for the economy, right? It’s gonna really do wonders to address the situation they claim to be concerned about. Here you have Oakland, a city already to the brink of bankruptcy, and these people are shutting it down — and the union leaders are suggesting that this is still chump change. This is nothing.
original”Wait ’til they start going to the banks and occupying the banks and wait ’til they start going to the homes of executives and trying to occupy their property.” That’s what the union leaders say. Union leaders are getting a little ticked off at the rank amateurism of the protesters, these kids. The union leaders say, “You guys don’t know what you’re doing! You’re piddling around here. Come on.
You’ve got a throw a bomb into some building! Something’s gotta burn here or nobody’s gonna take it seriously. You are embarrassing us.” That’s right. The Steelworkers guy is out making similar kinds of claims, and it’s only going to ratchet up. Because none of what they’re protesting about is actually what they’re protesting about. For example, if they were really concerned about the economy and the lack of…
What is the new term? There’s a new term, “income…” (interruption) No, “mobility” or some such thing. I’ve got it here somewhere. There’s a new term to describe their grievance here. But if they’re really concerned about the economy picking up to the point that it’s going to help them, this is sure a strange way of going about it. I’m convinced this is not what they’re trying to do. They’re trying to create chaos and distrust, disharmony, any number of things. “The Federal Reserve yesterday sharply downgraded its projections for the economy warning that weak growth and high unemployment are going to be the norm for years,” a nation in decline.
Here’s the Fed chairman saying this is the new norm! “The Fed expects the unemployment rate will be around 8.6% at the end of next year.”
Currently it’s at 9.1%, “and will still be at the fundraiser and 7.7% in late 2014. In their June forecast, federal officials said joblessness would come down faster to around 8% by the end of 2012 when the next presidential election will take place.” Well, isn’t that kind of magical? Really? Fed officials said that… Well, they back in June.
Now they revised it. It’s not gonna be that good. They were holding out good for that magic 8% figure because no president’s ever been reelected with unemployment over 8%. I’m just telling you, if the number this time a year from now is 8.9%, it’s gonna be 8%. They won’t tell you about the 0.9.
If it’s 8.5, it’s gonna be 8%. They’re not gonna tell you about the 0.5. Now, “Despite these projections, the Fed’s policy-making board declined during a two-day meeting that ended Wednesday to take any action to boost growth, leaving interest rates very low right now unchanged as its.”
Now, folks, I have to tell you: The Federal Reserve is the Federal Reserve, but this is simply unacceptable. It doesn’t have to be this way.