Limbaugh misquoted Obama on home values, used it as evidence of Obama "talking down the economy"
February 19, 2009 4:15 pm ET
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SUMMARY: Rush Limbaugh falsely stated that President Obama said "that we all must learn to live within our means and not expect the values of our homes to go up 10, 20 percent over our lifetimes ever again," later adding, "This is what I mean by him talking down the economy." In fact, Obama said that we should "not assume that housing prices are going to go up 20, 30, 40 percent every year" [emphasis added].
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