Rush Limbaugh Defends John Thain

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It is a sad day now that US Capitolism authorizes any action, ethical or not, as long as it makes money for the individual.

Given our acceptance of any money-making scheme, it is no wonder that greed is practiced and exalted by many.

LInda Amick of GA 1:33PM January 25, 2009

How does this travesty...and all the others perpetrated by the oblivious and self-entitled financiers--relate in any way to redecorating the White House? There is a fund to do that, as I understand it not reliant on taxpayers. I suspect whatever redecorating the Obamas do, it will be conservative, in terms of spending. Limbaugh's specious remark that this will stimulate the private sector is asinine: it will "stimulate" a select few elite businesses. Actual people can't possibly benefit.

Wall Street must exist on another planet. Its denizens are so self-important that they feel no sense of responsibility toward those who monies they invest. Nothing brought it home so clearly to me as when some idiot went on NBC camera and yelled "We need money! Give it to us!" Yeah, us, too, you moron.

People lose homes and jobs, but those responsible sit in multi-million dollar apartments and offices, obviously feeling bulletproof to what's happening to "the little people."

I'm all for people being entitled to what they actually earn, but these people did nothing, could not possibly have done anything, to earn the obscene bonuses they've been awarded. Who is his right mind needs an $87,000 rug!? This isn't an emirate: we have no sheiks.

And the ever-stupid government hands out the largesse with no restrictions, no accountability, nothing, while auto workers are struggling in fear.

Fie upon the whole system, as it stands. Throw out the overpaid and underworked and let's get real people with a sense of the true situation to take the reins, signing an affidavit that says " I will not accept immoral amounts of money for doing nothing."

As for Mr. "Give Us Money," the only thing I would give you, my friend, is a digit.

Debta Wells 12:57PM January 25, 2009

So far in his career Rush has managed to be wrong 100% of the time, and this is no exception. True, buying a couple of $58,000 chairs probably kept some rich salesman in silk boxers for a couple of weeks, but it did not have the same effect on the economy as, oh say, loaning that money to a small business would have had.

So "bloated, gasbag fool" may be just a bit too kind to the man.

Mike Ball of MI 12:54PM January 25, 2009

Someone should put Rush back on Oxycontin. Then he would have an excuse for his ridiculous position on the Thain topic. The CEO's of this land have run rampant for the 8 years of the Bush administration and before. They just don't get it that taxpayer money is not theirs - it's ours and we will complain as much as we like about how it is used, especially in these horrific economic times. Why should we lose 1/3 to 1/2 of our retirement savings while these guys put 37,000 toilets in their offices. They can use the one down the hall. Their output isn't any different than anyone else's, no matter how THEY think it smells.

A.B. Parker of IL 12:43PM January 25, 2009

Yeah, it always sounds a bit silly to put any stock in anything people like Rush Limbaugh, Bill O'Reilly, and Michelle Malkin say.

It's interesting to me how we've blended "news" and "commentary", and gone from what was once "unbiased" (well...) news and reasoned commentary to an environment where ratings dictate that being outrageous is that leads to success. There are plenty of reasonable and reasoned conservative commentators (George Will, for example, and the late Mr Buckley). I seldom agree with them, because I'm politically on the other side, but I find them enlightening to read or listen to. But, more and more, the ones who grab the popular mind are the ones -- on both sides -- who go over the top to the point of seeming insane.

As Mr Wilson says, in the previous comment: I wonder, often, whether these folks actually believe everything they say, or whether it's like cultivating a stage persona.

Barry Leiba of NY 12:14PM January 25, 2009

Apparently, Rush Limbaugh cannot tell the difference between spending money for the decorations and furnishings of the White House and decorating an office at a bank. For one, the White House doubles as a residence and a workplace. As a residence, it provides living space for an entire family living there most hours of the day. And this workplace must be used by the many staffers who work there--with some of the lowest-rung staff people typically putting in a lot more hours than the average bank president. This would justify a lot more money being spent at the White House than the executive office of any financial institution.

Rush Limbaugh is a hawk, yet he obtained some questionable medical excuse so he could dodge the draft. Limbaugh claims to be a patriot, yet he says he hopes the current president fails. He's been the most publicly vocal opponent of ANY Democrat being elected to the presidency. It doesn't matter to him that the last GOP president and VP led this country to near ruin--it only matters that they weren't liberals who did something that validated liberalism. The thing that keeps Rush Limbaugh up at night is the terrifying thought that Obama could be the next FDR, a man loved not just for his oratory skill, but for moving the country forward at a time when the country could have collapsed.

Nova teacher of VA 12:11PM January 25, 2009

Rush seems to miss the point completely. This a$$hole spent $1.2 million of OUR MONEY money while the company itself was going down the toilet! The TARP was designed to prevent banks from failing and this guy uses it to indulge himself! The TARP money was not issue to bailout designers and contractors you bloated, gasbag, fool!

octopushead of CT 12:01PM January 25, 2009

First of all, who cares what Limbaugh says or thinks? You know who? The neo-cons. They are the ones (no matter what they try to suggest) who drove our financial institutions into the ditch. They did it by favoring the wealthy through deregulation, which allowed them to make all the money they could, irregardless of how it would ultimately affect the economy and their only response at the time was that the market would correct itself. What movie were they watching? When have greedy people ever self-regulated? It was a feeding frenzy. They should all be locked up, but we know that it won't happen because rich white men who steal money are viewed differently than poor white men who take a gun and rob banks. Same results, but somehow seen as totally different. At least when a bank is robbed no one's life saving are at risk. The first multi-trillion dollar package that Bush released was done so with not many strings attached and now the same neo-cons are saying we don't trust folks to spend the money properly after the numerous stories of million dollar bonuses and office decorating. They don't have a clue what to do with the economy and envy anyone who does. It kind of reminds me of a rabid dog that won't allow you to get close enough to them to render treatment. The closer you get, the more they froth and attack. The recent election of President Barack Obama demonstrates that the American public does have common sense and knows that if you don't want to get bitten by a rabid dog.... you stay away from it.

Gary In Pismo Beach of CA 12:01PM January 25, 2009

Limbaugh says: "What's the difference in that and Merrill loaning that money to a decorator, contractor and goods supplier to remodel Warren Buffet's office? Either way, stimulus in the private sector occurs."

What in the world could Limbaugh have been smoking? Could he possibly believe half the things that he says?

It's hard to believe how tone deaf corporate America can be, particularly corporate officers. What could they possibly be thinking when a company has to be taken-over to avoid its failure, yet feels the need to pay bonuses to cetain of its employees? If the employees did well enough to earn bonuses, why did the business need to be bailed out by another company, especially with government guarantees? These guys are so far removed from the real world that they haven't a clue...only a sense of entitlement.

Kenneth Wilson of MA 11:54AM January 25, 2009

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