WEBVTT - Rush Limbaugh May 14, 2021

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<v Speaker 1>Last August, the members of the business roundtables signed a

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<v Speaker 1>document promising to be kinder and gentler. The CEOs of

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<v Speaker 1>one eighty one large corporations vowed to run their companies

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<v Speaker 1>to benefit their employees and their communities, not just the shareholders. Now,

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<v Speaker 1>the New York Times slamming those corporations for ditching their

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<v Speaker 1>promises of a gentler capitalism during the coronavirus shutdown. According

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<v Speaker 1>to the Times, key signatories of the pledge are laying

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<v Speaker 1>off workers, and they aren't adequately protecting the employees with masks. Instead,

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<v Speaker 1>they're paying dividends to their shareholders while our planet is

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<v Speaker 1>under assault from a pandemic. The Times quotes a worker

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<v Speaker 1>who was furloughed by big hotel chain. He complains that

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<v Speaker 1>the hotel made billions and billions of dollars, but the

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<v Speaker 1>money didn't go to the employees. Now he can't believe

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<v Speaker 1>the company told him we don't need you. There are

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<v Speaker 1>apparently a lot of people that don't understand that the

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<v Speaker 1>first purpose of business is to make money. If a

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<v Speaker 1>hotel chain doesn't have customers, the company can't afford to

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<v Speaker 1>keep the staff employed to sit around and do nothing.

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<v Speaker 1>The same thing goes for media companies. This New York

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<v Speaker 1>Times article doesn't mention that The New York Times has

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<v Speaker 1>laid off people many, many, many times for the same reasons.

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<v Speaker 1>Capitalism is not gentle and it isn't welfare. It is

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<v Speaker 1>viciously competitive, it's bloodthirsty, and it's what makes the world

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<v Speaker 1>go round.