WEBVTT - Rush Limbaugh Aug 10, 2020

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<v Speaker 1>Hey, folks, this is a teachable moment. Democrats just introduced

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<v Speaker 1>the new bill. It tells you everything you need to

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<v Speaker 1>know about them. Democrats Racial and Economic Equity Act would

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<v Speaker 1>require the Federal Reserve to enforce quotas throughout the entire

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<v Speaker 1>U S economy. Now, under this act, the Feds would

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<v Speaker 1>have to devise policies to minimize and eliminate racial disparities

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<v Speaker 1>in employment, wages, and wealth. The Fed will also have

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<v Speaker 1>to prevent disparities and access to affordable credit. Now, the

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<v Speaker 1>Senate sponsors of this race based monstrosity are Elizabeth Warren,

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<v Speaker 1>Folca Hottess and Kirsten Gila Brandt. In the House, the

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<v Speaker 1>bill is sponsored by Maxine Waters. Now, instead of dealing

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<v Speaker 1>with the nation's money supply, keeping watch on inflation, interest rates,

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<v Speaker 1>and all that, the Federal Reserve would be transformed into

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<v Speaker 1>an all powerful social justice enforcement agency, using racial fairness

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<v Speaker 1>as a cover. Democrats want to give the Fed a

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<v Speaker 1>new mission to force banks and financial markets to adopt

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<v Speaker 1>the radical left socialist agenda. They want centralized control over

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<v Speaker 1>the economy without checks and balances from Congress or the

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<v Speaker 1>executive branch. Right now, the bill won't get past the

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<v Speaker 1>Republican Senate or President Trump. But if the Democrats regain power,

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<v Speaker 1>the enactment of this thing could be a virtual certainty.

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<v Speaker 1>This is all out and out Marxism, it's anti free market.

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<v Speaker 1>It would mean the end of American prosperity. That's why

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<v Speaker 1>Democrats love it. That's why they want it.