While Dick Cheney is praising Rush, Clear Channel is laying people off by the thousands.
Eric Boehlert writes:
Clear Channel's fall from business grace remains epic in its proportions. In 10 years time the company has gone from dominating a flourishing radio industry to a corporation that now teeters on the brink. (Clear Channel stock traded for $90 a share in 2000. When the radio company went private last year, pre-crash, the stock was already down in the $30s.) Lots of over-extended, debt-ridden media conglomerates are struggling through today's deep economic recession, but few face a future quite as perilous as the one staring back at the San Antonio radio giant.
And yet Clear Channel's most famous employee, Rush Limbaugh, remains oblivious to it all. I sometimes wonder what Limbaugh thinks when he reads about the not-so-slow-motion collapse of his radio employer while lounging in his 24,000-square-foot Florida estate or motoring in his $450,000 car to the airport to ride in his $54 million jet. Does Limbaugh feel bad? Does he feel a little guilty? And does he ever think about giving some of his riches back so that thousands of radio colleagues wouldn't have to be bounced to the curb?...read on
While this is happening, Rush is bragging to his fat-cat donors about his success and mocking the recession and its victims:
Last night, Rush Limbaugh came to Washington, D.C. to address the President’s Club Dinner, a meeting of wealthy donors and supporters of the Heritage Foundation. The audience included Supreme Court justice Clarence Thomas, Sen. Jim DeMint (R-SC), as well as various millionaire trustees of the Heritage Foundation, like Thomas Saunders.
After more or less reprising his radio show routine, Limbaugh went on to brag about his $400 million contract with Clear Channel Communications. As he continued to gloat about his show’s success, Limbaugh mocked the idea that Americans are suffering, noting, “I’ve never had financially a down year” despite the “supposed” recession:
LIMBAUGH: But during all this growth I haven’t lost any audience. I’ve never had financially a down year. There’s supposedly a recession, but we’ve got - what is this May? Back in February we already had 102% of 2008 overbooked for 2009. [applause] So I always believed that if we’re going to have a recession, just don’t participate. [laughter]
I'd love to hear how all the laid off workers feel about RushBo's arrogance. I'm sure they'd all love to not have to participate in losing their jobs. But I don't think they have a choice; do you, Rush?