Junkie: Democrats Started Economic Crisis To Help Elect Obama

[Political Tiger]

Limbaugh’s Crazy Conspiracy Theory: Democrats Started The Economic Crisis To Help Elect Obama

Today, the New York Times had an article about how right-wing talk radio is gearing up to aggressively go after President-elect Obama over the next four years. Rush Limbaugh demonstrated his commitment to this crusade today on his radio show by blaming Democrats — especially Sen. Chuck Schumer (D-NY) — for starting the current economic crisis.

Here’s how Limbaugh’s conspiracy theory goes: Schumer caused on run on IndyMac bank in California this summer, in order to create a feeling of financial panic amongst the public. Democrats then capitalized on this panic with electoral wins in the White House and Congress. The purpose of gaining this power, according to Limbaugh, was to nationalize U.S. industries:

LIMBAUGH: Who’s benefiting? Aside from the people being bailed out. The Democrat party and Barack Obama are benefiting.

They got elected, they increased their numbers in the House, they increased their numbers in the Senate, they got the White House now, and they’ve got a crisis that people think can only be fixed with the all-mighty and powerful government interceding to save this or to save that, when in fact, the government is going to nationalize the automobile industry. It’s going to nationalize some banks. It’s going to nationalize the mortgage industry, and may end up nationalizing the automobile industry.

This theory is quickly becoming a right-wing favorite. Karl Rove and Bill O’Reilly also recently claimed that the economic crisis was deliberately manufactured — not by Democrats but by journalists who wanted to help elect Obama.

The economic crisis certainly wasn’t created within a five-month period, as these conservatives are claiming. As the New York Times wrote yesterday, the current situation was, in fact, long fueled by President Bush’s economic policies:

http://thinkprogress.org/2008/12/22/limbaugh-democrats-indy/

[PassingFair]

1. Right! We're a bunch of "whiners" and "negative Nellies"

...if only we had more POSITIVE THOUGHTS,
this never would have happened.

They're pissed off that they may have
to leave money on the table when they
go. Really, they want it ALL.

[sinkingfeeling]

2. Then how can this recession thing be 12 months old? What craziness.

[el_bryanto]

3. Yeah i caught that rant

He also denounced us for proclaiming "Love, Actually" a Christmas classic.

Bryant

[Kalyke]

4. What is the Democrat Party?

:eyes:


(FWIW, I always respond that way when someone says that - and, then, when they look perplexed as to how I wouldn't know, I say, "Oooohhh! You mean the DEMOCRATIC Party. Democrat is a noun. Democratic is the adjective."

Works every time.)

[Sebastian Doyle]

5. Mush must be getting some good Oxycontin lately

possibly from Levi's mama?