RUSH: So Snerdley walks into my palatial broadcast studio this morning and says, "How long is this AIG stuff going to go on?" I said, "As long as they need it to go on to distract us from all the other things they're doing." The big point about this AIG business, as I mentioned to you people yesterday, the big point here is to poison as many minds in this country as possible to capitalism and to corporate America. This is exactly the kind of thing Barack Obama and his team love, everybody hating corporate America, hating Wall Street, hating CEOs, hating executives. This is from an AP story today: "Merrill Lynch paid $3.6 billion in bonuses to its executives while its sale to Bank of America Corp., a big recipient of bailout money, was pending." ..."Oh, Geithner, he's a dead man, Geithner's finished." It's all a distraction.
But let's listen to Jonathan Alter. You know, the conventional wisdom in Washington, the wizards of smart, the elitists, the Ivy Leaguers, be they in government or media, are brain-dead idiots. Here is Jonathan Alter who basically takes dictation from Rahm Emanuel. Alter's got Chicago roots. Jonathan, I'm sorry, I know I've met you a couple times, but you're just a stenographer, my friend. It is more and more obvious to those of us who study the behavioral practices of the Drive-By Media on a daily basis. Jonathan Alter, January 13th, was on MSNBC. The question he got, "Is this another Zoe Baird situation?" Geithner not paying his taxes. "Is this another Zoe Baird situation where somebody is going to be tossed out, or do they seem to have been honest mistakes, and -- maybe more importantly-- is there sort of a bipartisan feeling that this guy Geithner is just too valuable to even let ordinary rules apply to him?"
ALTER: It would really be a shame if something like this sunk the nomination. We are in very serious times. They're quite different than 1993 when Zoe Baird's nomination was sunk for attorney general over this kind of nanny problem. Geithner is, by all accounts, the only person in Washington who fully understands TARP.
RUSH: Uh-oh.
ALTER: Seven hundred billion dollars. We cannot afford at this point, unless there's gross malfeasance, to take him out of the picture.
RUSH: There you have it, and that was the conventional wisdom. He's the only guy, Geithner is the only guy that understands TARP. Geithner's the only guy that could fix this. Geithner knew about the bonuses, despite what they're saying. Geithner was involved in the first bailout of AIG. All these eggheads are incompetent. They're not up to the job of running the private sector. This is all a giant distraction and it's working, too, it is designed to get as many Americans as possible with pitchforks storming the gates of American corporations and CEOs. This is a godsend for the Obama administration. I know you're reading, "Oh, it's a backlash, Obama risking a backlash." Hey, he's not even been president 60 days, folks. He's not going anywhere, and there's nothing Republicans can do to stop him. "But, Rush, but, Rush, there are stories about how the Democrats are upset at what he's doing." Maybe they are, but he's moving ahead at lightning speed. While everybody is talking about AIG, Obama is already on to other things. I'm going to give you a little rundown of some of these things as the program unfolds before your very eyes and ears.
Meanwhile for the gullible boobs, the kabuki dance goes on.
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