Rush Limbaugh is at it again. The Fresh Prince of Hot Air has come to the defense of the indefensible: AIG’s multi-million dollar giveaway of taxpayer’s money to 412 high-level foul-ups as a reward for the damage they’ve done.
There’s no success like failure, and failure’s no success at all. – Bob Dylan
Rush Limbaugh is at it again.
The Fresh Prince of Hot Air has come to the defense of the indefensible: AIG’s multi-million dollar giveaway of taxpayer’s money to 412 high-level foul-ups as a reward for the damage they’ve done.
“A lynch mob is expanding: the peasants with their pitchforks surrounding the headquarters of AIG, demanding heads,” Limbaugh declared on his March 17 radio broadcast, blaming President Obama and his team (who else?) for fanning the flames of discontent.
“While you're getting all revved up about $165 million in bonuses, they get to dump all over capitalism. They get to dump all over the principles of this country's founding, and they get to set themselves up as the saviors,” Limbaugh ranted.
So how did this socialist plot evolve? Is Obama simply taking advantage of the situation, or did he arrange its outcome? Was it entrapment? Did he know that capitalists will be capitalists, and if they were given a corporate bailout they’d look for ways to keep it for themselves?
Maybe it’s even more insidious. Maybe our capitalist citadels were infiltrated years ago by Bolsheviks, who sabotaged our economy in order to assure Obama’s election and lay the groundwork for a socialist takeover.
And who are those peasants Limbaugh’s referring to? Well, they’re the American workers whose earnings financed the $180 billion AIG bailout, and who struggle to meet mortgage payments and put food on their tables while $165 million of the bailout is doled out to the architects of AIG’s failure.
Limbaugh’s rationale is that AIG execs and others of their ilk need to be paid millions “so they can tax their butts off, so that [New York City] can maintain its … welfare state.”
The implication in Limbaugh’s version of trickledown economics is that someone whose “failure” might be a mental or physical disability, a loss of a job or just the inability to earn enough money to support themselves and their family is a social parasite, and accepting the stipend in public funds to help them survive is close to criminal. But executives, whose failures by their own CEO’s admission have contributed significantly not only to the collapse of their corporation, but to global economy as well, deserve to be rewarded with wealth beyond the means or dreams of the people who are footing the bill.
That is Limbaugh’s definition of capitalism: nothing for the needy, millions for the greedy But in Limbaugh’s world everyone can be a millionaire. All it takes is the will.
“What's stopping you from having the kind of money that these people make,” asked Limbaugh to a caller who complained about the corporate giveaway. “If you really want it, you really want to earn that kind of money, it's out there.”
That response of course doesn’t address the caller’s complaint or the issue at hand: These execs didn’t earn the money, other people did.
The greed Limbaugh defends has crippled our economy, decimated our middle class and increased the economic gap between rich and poor, a condition that economist Alan Greenspan called “not the type of thing which a democratic society — a capitalist democratic society — can really accept without addressing.”
Obama and Congress have to take the blame for not being more protective of the people’s money. And if Limbaugh laced into them for their mismanagement of our money, he’d be right. But that would mean being on the side of the peasants. So instead Limbaugh faults Obama for his justified anger at AIG’s actions.
But it isn’t Obama who’s taken advantage of AIG’s outrageous behavior. It is Rush Limbaugh, who fosters and feeds discontent and division for his own gain. And he’s at it again.
Call Joe Burns at 508-375-4936 or e-mail him at email@example.com.