Bailout Lesson: You Can’t Replicate American Prosperity by Giving It Away
Mar 30, 2020
RUSH: Mr. Snerdley is trying to goad me into talking about the bailout package. He asked me during the break, “So what are you gonna do with your big stimulus check?â€
Folks, I don’t have any idea how big my stimulus check is gonna be. I don’t know how big yours is gonna be. I know what Snerdley’s trying to do. Snerdley’s trying to stir up a bunch of garbage here about, “What happened to the limits on spending that we conservatives believe in? What do you mean a $2.2 trillion…?
It’s like I said Friday. Remember everybody freaked out and the Tea Party came into existence over a $787 billion Obama stimulus? Now we got a $2.3 trillion stimulus, which is gonna end up being $6 trillion, and Snerdley’s point is, “It isn’t gonna make any difference,†and that ought to tell you something.
It ought to tell you how gigantic and ginormous the U.S. economy is. It ought to tell everybody how government cannot provide for people at an economic level expected by the American people. We need our economy up and running! The president’s exactly right. This country was not designed to be shut down.
And, by the way, have you noticed the very party which tells us that all hell will break loose if there is a shutdown is now encouraging that very shutdown? They’re encouraging the shutdown of the government. They’re encouraging the shutdown of the American economy. We ought not be shut down!
I mean, we’ve got no choice. But the U.S. economy is still… In my mind, it’s bursting at the seams, and it’s just waiting to be unleashed. (sigh) But you start talking about all this, and you cannot escape the discussion of what’s it gonna be like when this is over. We’re not… Things are not gonna go back to the way they were, folks.
You understand that. There’s going to be a new normal. Government is gonna love all these new powers. Government is going to have a fine time. I know that we’ve been through these pandemics before and I know we’ve been through things like this. In the Civil War, habeas corpus was suspended. All of America’s constitutional freedoms were restored.
But we had a major political party trending toward socialism before all this happened, and you see what they did with the bailout package. Pelosi tried to put the Green New freaking Deal into it, along with every other socialist wish list that they have. So the pressure is going to be enormous on returning the American people’s constitutional freedoms.
It’s not gonna be the way it was, and it’ll gonna be an interesting discussion to start speculating: What will the new normals be? What freedoms did we have that are gonna be tougher to reclaim? What kind of things will people voluntarily give up? Because even when the day comes that we are told this is over, some people are not gonna believe that it’s over.
And there will be an ongoing, perpetual fear, until there is a vaccine — and that’s a year and a half away — and this thing mutates so fast, it’s basically is pneumonia times 10. That’s why people with lung issues are so susceptible to this. At any rate, the lesson about the bailout… (sigh) And the American people are for it.
The lesson about the bailout is that no matter how much you print and no matter how much you give away, you cannot replicate American prosperity by giving it away. You cannot print American prosperity at the U.S. Mint. You cannot mail it out to people. It has to be created by economic activity, and it has to be maintained and grown by economic activity.
I think on that score there’s a tremendous number of teachable moments that await us after the fear of the pandemic has been overcome, and that’ll happen. We will solve this. There will be medicines for it (we have them now), and there will be a vaccine at some point down the road.
But the health experts are gonna keep everybody, I think, frightened toward the top end of the worst as a means of keeping people in line with public directives to limit how much destruction, damage, death there actually is.
https://www.rushlimbaugh.com/daily/2020/03/30/bailout-lesson-you-cant-replicate-american-prosperity-by-giving-it-away/
