Rush Describes BP Escrow Fund: “Extortion,” “Slush Fund,” “Blackmail” And More

Rush continued his attack on the escrow account that will pay out $20 billion of BP funds to those hurt financially by the oil spill, again calling it a “slush fund” and characterizing President Obama as a “thug” who is engaging in “organized crime” by securing the money. Limbaugh claimed it was evidence of “social justice, otherwise known as getting even” and baselessly claimed that people should be wary because the funds could be given out to union members or ACORN. Continuing his crime analogy, Limbaugh said BP had paid protection money in the form of campaign donations, but that the White House was still involved in a “shakedown.”

Apparently even Rush's audience wasn't completely buying his argument, as he noted that he received e-mails asking why he was defending BP. He denied this, explaining that he was standing up against what he claims is an extra-constitutional action by the White House in negotiating with BP on the escrow fund. Limbaugh also claimed BP had been subjected to “blackmail.”

Moving on to the congressional hearing with BP CEO Tony Hayward, Rush complained that it was a “show trial” like one “Stalin” would have engaged in, and that there should be someone investigating committee chairman Rep. Henry Waxman and the executive branch. Rush later put his tax expert hat on and advised that attempts to avoid new taxes would mean an economic downturn in 2011, and that the return of the estate tax means people will “move their deaths forward.”

Highlights from today's show:

Limbaugh: BP “slush fund” is just like “blackmail”

Limbaugh calls BP escrow fund “extortion,” “redistribution,” and wonders “where is this money gonna go?”

Limbaugh calls BP hearings a “show trial ... this is what happened in Stalinist Russia”

Limbaugh: Obama taught students “how to use the Constitution to shakedown corporations ... much like he's doing to BP”

Limbaugh: Obama “wanted” disaster, and “needed oil-soaked beaches to make his propaganda points”

Limbaugh: Obama “refused” to waive Jones Act because he “likes the disaster”

Limbaugh: Attempts to avoid new taxes will mean “an economic downturn” in 2011

Limbaugh: Estate tax hike means people will “move their death forward”