"The Pulse of Revolution Has Begun" - Rush Limbaugh, February 19, 2009

Samuel Adams: "It does not take a majority to prevail. What it takes is an irate, tireless minority, keen on setting brushfires of freedom in the minds of men."

John Adams: "The Revolution was effected before the War commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations ... This radical change in the principles, opinions, sentiments, and affections of the people, was the real American Revolution."

The Pulse of Revolution Has Begun
Rush Limbaugh, February 19, 2009

BEGIN TRANSCRIPT
RUSH: Could it be, ladies and gentlemen, could it be the pulse of revolution began today? Perhaps even yesterday in Mesa, Arizona. What is apparent to me, ladies and gentlemen, your loyal, devoted host, is that President Barack Obama cannot kill the spirit of America. It cannot be silenced. It's great to be with you as we kick off another three hours of broadcast excellence from the Limbaugh Institute for Advanced Conservative Studies. We are loaded today. And so let's just get right to it. Obama spoke at Dobson High School in Mesa, Arizona. All the kids were kept in their classrooms. They got to watch it on closed-circuit TV. There is an advanced placement government class taught by a man named Jeff Sherrer, and a story here from Mesa Arizona News, the eastvalleytribune.com suggest that these students in Dobson High School weren't buying any of what Obama had to say. This is a giant media mistake. How in the world this ever made it into print is beyond me, but it did, and now the nation is going to know about it.


Earlier this morning on CNBC reporter Rick Santelli reporting from the Chicago Board of Trade, I don't even need to describe this for you. I'm just going to let you hear the audio sound bites. It was on the program Squawk Box. The coanchors Becky Quick and Joe Kernen, Carl Quintanilla talking with reporter Rick Santelli on the Chicago Board of Trade floor. Here is Santelli's message for President Obama.

SANTELLI: The government is promoting bad behavior! How this, president and new administration, why didn't you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers' mortgages or would we like to at least buy cars and buy houses in foreclosure and give 'em to people that might have a chance to actually prosper down the road and reward people that could carry the water instead of drink the water. This is America! How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills? Raise their hand. (boos) President Obama, are you listening?

FLOOR TRADER: How about we all stop paying our mortgage? It's a moral hazard.

RUSH: That's CNBC this morning, Rick Santelli on the floor at the Chicago Board of Trade. Now, these are people with skin in the game. Obama said everybody's gotta pay taxes 'cause everybody's gotta have some skin in the game. Well, this is talking truth to welfare. This is talking truth to immorality. The market votes every day and it is speaking every day by going down. This is a huge chord. This is what Americans are thinking. This is reality. This is the pulse of revolution starting today. Here is more.

SANTELLI: Cuba used to have mansions and a relatively decent economy. They moved from the individual to the collective. Now they're driving '54 Chevys, may be the last great car to come out of Detroit. We're thinking of having a Chicago Tea Party in July. All you capitalists that want to show up at Lake Michigan, I'm going to start organizing.

QUICK: What are you dumping in -- what are you dumping in this time?

SANTELLI: I'm gonna be dumping in some derivative securities.

RUSH: Finally, Mr. Santelli explains how the silent majority agrees that government cannot do away with the business cycle.

SANTELLI: There's only about 5% of the floor population here right now, and I talk loud enough they could all hear me. So if you want to ask them anything, let me know. These guys are pretty straightforward and, my guess is, a pretty good statistical cross section of America, the silent majority. They're pretty much of the notion that you can't buy your way into prosperity, and if the multiplier that all of these Washington economists are selling us is over one, that we never have to worry about the economy again, the government should spend a trillion dollars an hour because we'll get $1.5 trillion back. I'll tell you what, if you read our Founding Fathers, people like Benjamin Franklin and Jefferson, what we're doing in this country now, is making them roll over in their graves.
RUSH: This is Rick Santelli, reporter at CNBC, not a commentator. He is a reporter at CNBC on the board at the Chicago Board of Trade. And, as you can tell, there is tremendous upset over the mortgage bailout that was announced yesterday, subsidizing the losers, Obama picking the losers. So many things happened yesterday, Eric Holder's speech in which he said that Americans are still cowards on race. The more I think about it, the more there is a giant chip on its shoulder throughout this entire administration, and probably some anger and a desire to get even with people that they think have wronged them over the years. It is a serious thing, of course. The idea that this would erupt in a market like this, where the traders were cheering, where the traders were whistling, where the traders were booing, this, ladies and gentlemen, is the reaction of people who have skin in the game. So the point of all this, aside from what you heard, is that you are not alone. When the pulse of revolution starts, it just takes an action like this to inspire confidence in others who want to show up.

BREAK TRANSCRIPT

RUSH: Samuel Adams said this, ladies and gentlemen: "It does not take a majority to prevail. What it takes is an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." What I really like about this is, he says we need to appeal to "the minds of men," not their feelings, which is the Obama route. And I think we saw a brushfire ignited yesterday and today.

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