From the August 4 edition of Premiere Radio Networks' The Rush Limbaugh Show:
LIMBAUGH: Why is the Dow going down? Because -- no -- let me tell you why the Dow is going down. It's because there's a story out there that said that Bernanke and Obama are out of bullets. There's a story that says Bernanke and Obama are out of bullets, that they've got nothing left in the quiver. No more tools. Nothing they can do to create jobs or grow the economy. And so the market is interpreting that as, "Uh oh, there ain't going to be a QE3." That's what that's all about.
See, you ask, and I have all the answers. People -- it's a typical market fluctuation -- down 294 right now, people are losing their life savings, this is not new. This has been going on ever since Obama was immaculated. They're not only losing their jobs, losing their life savings, their kids have lost their life savings. Their fetuses have lost their life savings. Their thoughts of future children who haven't even conceived yet have lost their life savings and their chance to earn anything before they save it. That's what Obama means, and now he says at his birthday party -- I mean, the scariest thing, folks, I have to tell you, the scariest thing Obama said during his birthday fundraiser last night. He said, "It's been a long tough journey but we have made some incredible strides together, yes we have. But the thing we all have to remember is, that as much good as we've done, precisely because the challenges were so daunting, precisely because we were inheriting so many challenges, we're not even halfway there yet."
So he's not even halfway done killing the economy. That's scary. Now it's down 307, he's not even halfway done killing the economy. I don't want to think about what this country will look like when he's all the way there. This guy's -- this guy obviously has got a new role model, Robert Mugabe of Zimbabwe. The next thing to look out for is for Obama to take the farms. Well, that's what Zimbabwe, that's what Mugabe did, he took the white people's farms. That's the only, the only place they had any money.