AMERICA 2009 :
WHEN THE Harvard University graduates are running the US Government:
RUSH: Now, I have ten snippets of stories here; ten snippets of news stories
from today highlighting the
HE WAS NOT A HAVARD UNIVERSITY GRADUATE BUT ,US PRESIDENT RONALD REAGAN INSISTS
ON CAMBODIA INDPENDENCE. 1988
On April 28, 1984, Deng Xiaoping, Chairman of the Advisory Committee of the
Central Committee of the Communist Party of China, meets U.S. President Ronald
Reagan in the Great Hall of the People in Beijing. (Photo: fmprc.gov.cn)
Photo Gallery>>>
President Reagan's address to the 43d Session of the United Nations General
Assembly in New York, New York . September 26, 1988.
"Mr. Secretary-General, there are new hopes for Cambodia, a nation whose
freedom and independence we seek just as avidly as we sought the freedom and
independence of Afghanistan. We urge the rapid removal of all Vietnamese troops
...."
....We urge the rapid removal of all Vietnamese troops ...."
"Prime Minister Pham Van Dong called on me and, in the presence of Premier Chou
En-lai, swore in the name of the Democratic Republic of Vietnam that the latter
would always respect the land frontiers as well as all islands belonging to the
"Kingdom of Cambodia" March 1970 by Sihanouk . Wilfred Burchett book "The China
Cambodia Vietnam triangle " P-176-177
UN Passes Strong Resolution on Cambodia Human Rights Abuses
Feb. 27, 1982 : UN Commission on Human Rights meeting in Geneva adopted a
resolution condemning Vietnam’s occupation of Cambodia as a violation of
Cambodian human rights. The vote was 28 in favor, 8 against, and 5 abstentions.
5. Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by
vote of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese
forces from Cambodia.
As of today,Cambodia is still occupied by the Vietnamese troops despite the
call from the US president to Vietnam to cease her occupation of Cambodia since
1988.
Cambodia needs Independence from Vietnam and the Vietnamese invaders.
Vietnam must cease her occupation of Cambodia at once.
BURY
RUSH: Now, I have ten snippets of stories here; ten snippets of news stories
from today highlighting the economic crisis, government waste, and fraud and
mismanagement that cannot be spun. Beijing, November 18th, Reuters: "President
[Barack] Obama gave his sternest warning yet about the need to contain rising
US deficits, saying on Wednesday that if government debt were to pile up too
much, it could lead to a double-dip recession." I know it's schizophrenic but
there are two reasons for this. The ChiComs are laying into him. The ChiComs
are laying into him about the cost of health care, about the deficits. The
ChiComs are laying into him. They are saying, "We want you to pay back your
loans. We want to get paid! We own your debt! You have got to start paying us.
You are running your country into the ground. If you run your country into the
ground, our debt is worthless to us, and you're worthless to us and you don't
want that."
Plus, on the political side, this sets up massive tax increases. My friends,
coming up later in the program an explanation of how we might be looking at $3
trillion in new tax increases from every American. Now, of course it won't add
up to three trillion because these tax increases are going to further hamper
economic activity and they score all these tax increases by… It would involve
repealing every Bush tax cut, not just the ones that expire in 2011. There are
the Bush tax cuts of 2001 and 2003, and let both of those go and then add more,
and they score these things in a static way; they don't store them dynamically
-- they never do -- and that's why they're always shocked when tax increases
don't produce the revenue that they expect. So the ChiComs are laying into
Obama, make no mistake about it, and he's setting up tax hikes. He's already
spent us into a destructive debt to the point that this country will not be
what it was for years and years. Now he says (paraphrase), "If government were
to pile up too much debt..." and it's always Bush's fault.
AP Beijing: "President Obama says creating jobs isn't the goal of a coming
White House forum on jobs[.]" Number three. "Democrats realize the problem
with the phony stimulus numbers. House Appropriations Chairman David Obey
(D-Wis): 'The inaccuracies on recovery.gov that have come to light are
outrageous, and the administration owes itself, the Congress, and every
American a commitment to work night and day to correct these ludicrous
mistakes…. Credibility counts in government, and stupid mistakes like this
undermine it.'" A little editorial comment here: It was Joe Biden who was
established by President Obama as -- 'cause "nobody messes with Joe." Joe was
going to police all this. He was going to make sure people weren't playing
games with it. He was going to make sure the money was being used properly.
He was going to make sure that people were not engaging in fraud or abuse or
any of that. Old Joe! Because "nobody messes with Joe." Well, Joe can't keep
himself out of automobile accidents! Two accidents this week alone involving
his motorcade! Three people injured.
RUSH: So Obey wants accountability from the most transparent (Obama promised)
administration in history: Barack Obama's. This is in reference to the
congressional districts which don't exist. Tim Geithner is in trouble again.
Fred Barnes explains it in the Weekly Standard. Some details have come out
about the AIG bailout, Goldman Sachs, Merrill Lynch, Wachovia and it doesn't
make Geithner look good. Fred doesn't he think he can survive this, but, I
mean, who's going to pressure him out?
RUSH: I want to continue with this economic list, ten snippets of news stories
from today, highlighting the economic crisis -- government waste, fraud,
management -- that cannot be spun. Fred Barnes says Geithner is in trouble
again: "Treasury Secretary Tim Geithner is in trouble again, and this time he
may not be able to save his job. You’ll recall that his confirmation was
threatened by revelations of cheating on his income taxes. Now he’s accused of
paying billions too much for the bailout of AIG and allowing the insurance
firm’s Wall Street creditors -- Goldman Sachs, Merrill Lynch, Wachovia -- to be
paid in full for their derivative contracts with $27.1 billion in taxpayers’
money."
Now, what is noteworthy about that is that in bankruptcies or similar
situations creditors always accept less-than-100% paybacks. It can be anywhere
from 50 cents on the dollar to 60 cents on the dollar. Geithner paid back
everybody in full with the AIG bailout and their creditors -- which is a bad
deal and it smacks of cronyism, 100% cronyism. Geithner is one of those guys.
Henry Paulson is one of those guys. And when this news gets out, if it does,
it's the kind of thing that's going to irritate people even more and more who
think that there is a special scratch-the-back relationship between Washington
and Wall Street.
Reuters: "Improper payments by the U.S. government to people, firms and
contractors rose sharply to $98 billion in fiscal 2009 and President Barack
Obama plans new rules to clamp down, the White House said Tuesday." I was under
the impression President Obama has already fixed all of this. (interruption)
Yeah, that's a good point. The bondholders of GM in that bankruptcy were told
to take a hike. Obama called them selfish for wanting even a portion of what
they were owed to be paid. The bondholders were held up as villains. The
people who had invested in General Motors, which Obama now owns, were held out
as villains. They were pointed to as the bad guys, as the demons. And yet
here's Geithner paying back Goldman Sachs -- which is just rolling in money
right now -- Merrill Lynch, Wachovia in full for their derivative contracts,
with $27 billion of taxpayer money from the AIG bailout.
Oakland, California: "California faces a budget gap of nearly $21 billion over
its current and next fiscal years according to the state government's budget
watchdog agency, the Los Angeles Times reported on Tuesday." Meanwhile, the
state is proceeding with its attempt to reduce the size of giant-screen TVs
that consumers are allowed to have. Number seven, a setup for rationing:
"Mammography Outcry Points to Trouble for Health Care Reform." You know, this
mammography story that came out yesterday, we had this two weeks ago on this
story. The American Cancer Society put the news out first; they were shocked
at this, that the age for mammograms will go up to 50 instead of 40. Remember
that story we had said that mammograms can cause problems, early mammograms can
cause problems because they can find things that are really not bad that end up
being treated and cost a lot of money and are wasteful? So they moved the age
to 50.
Los Angeles Times: "A core tenet of the healthcare overhaul President Obama is
pushing through Congress is that medical care can be improved -- and costs
contained -- if the country relies more on experts to determine which
procedures and treatments work best. But Monday's mammography report by the
U.S. Preventive Services Task Force delivered a swift and stark reminder that
few ideas are more explosive in healthcare. The expert panel -- which
recommended that women in their 40s should no longer get annual mammograms to
screen for breast cancer -- sparked an outcry from those who say that the
federal government is more interested in saving money than in improving women's
health. ... 'This is really the first step toward that business of rationing
care based on cost,' said Rep. Phil Gingrey (R-Ga.), a physician.'"
He's exactly right, and we've all predicted this. There's no question that
this is what's going to happen. This is a little leading indicator, and you
might even say that we got death panels going on here. Number eight: "Recovery
Board Chairman: We Can’t Certify Jobs Data at Recovery.gov. -- The chairman of
the Obama administration’s Recovery Board is telling lawmakers that he can’t
certify jobs data posted at the Recovery.gov Web site -- and doesn’t have
access to a 'master list' of stimulus recipients that have neglected to report
data." Well, this is a comedy of errors also totally predictable, folks.
Another government bureaucracy acts like a bureaucracy and doesn't know what
it's doing and can't keep track of what it's overseeing. Big shock!
"Earl Devaney, the chairman of the Recovery Accountability and Transparency
Board, responded to questions posed by Rep. Darrell Issa, R-Calif., late
yesterday to say the board can’t vouch for the numbers submitted by recipients
of stimulus funding." Number nine, the Wall Street Journal: "The $1.9 Trillion
Gimmick -- What passes for a joke on Capitol Hill these days is that Bernie
Madoff, given his experience managing Ponzi schemes, should be put in charge of
the federal budget. Nancy Pelosi & Co. seem to have taken it as a serious
suggestion. the House is expected to vote on a $210 billion fiscal swindle that
will prevent automatic cuts in Medicare payments to doctors. The entitlement's
price controls are scheduled to fall by 21.5% in January and another 2% every
year after that under a formula known as the sustainable growth rate. … The
'doc fix' was originally part of ObamaCare, until Mrs. Pelosi realized that
adding a quarter-trillion dollars to the total tab made it difficult to pretend
the bill would reduce the deficit. In the 'Fiscal Responsibility' section of
the press release announcing the separate SGR package, Democrats insist that it
will be subject to 'the "pay as you go" principle of budget discipline,'" which
she promised, by the way, in 2006-2007, there is no pay-as-you-go.
"The Comedy Central punchline: 'The Medicare Physician Payment Reform Act would
not increase total payments to physicians above what they are today and
therefore, would not be subject to the paygo requirement.' In other words,
under the Madoff school of accounting, Democrats rely on straight deficit
spending." It is criminally irresponsible here what is happening in the US
House of Representatives and the Senate when it comes to health care. And
finally number ten from the AP: Washington, "The trucking industry lost
another 7,500 jobs in October as the US unemployment rate surpassed 10% for the
first time since 1983 is likely to go higher." If the recession's over, you
can't tell it by the trucking industry. They just lost 7,500 more jobs lost.
END TRANSCRIPT
Read the Background Material...
• AP: Obama: Job Creation Not Goal of Dec. 3 Jobs Forum
• Reuters: Obama: Too Much Debt Could Fuel Double-Dip Recession
• AP: Obey Slams White House Over Stimulus Reporting Errors
• Weekly Standard: Inspector General: Geithner Overpaid AIG in Bailout
• LA Times: Mammography Outcry Points to Trouble for Healthcare Reform
• ABC: Recovery Board Chairman: We Can't Certify Jobs Data at Recovery.gov
• eTrucker: 7500 Trucking Jobs Lost in October
• CNN: Forget $100 Oil. $80 Oil is a Problem
• Wall Street Journal: The $1.9 Trillion Gimmick The Democrats' 'Doc Fix'
for Medicare Payments Would Shock Madoff
• New York Times: US Home Building Unexpectedly Slumps in October
• AP: Oil up again, settles above $79
• New York Times: House to Turn Up the Heat on Jobs
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