Rush Limbaugh's Morning Update: Windfall!

Hey, folks -- put aside all that talk about a "looming recession." Our economy has to be chugging along better than the so-called experts say, and, as Lanny Davis used to say, "I've got the poof."

Last year, even with gas prices soaring, subprime mortgages tanking, [and] ATM fees at all-time highs, donations to colleges soared to $30 billion -- that's a new record. This news comes from an annual survey released by the Council for Aid to Education.

But there's a catch, however, my friends. Sadly, it was the "rich" who lucked out. Wealthy skrools -- including the Ivy League giants -- attracted gi-normous donations, like Stanford University, [which] raised over $800 million. Harvard? Over $600 million.

Now, if the Democrats in Congress and on the campaign trail were consistent, given their view of other industries, they would call for an immediate end to all tax breaks for "rich" universities. They'd demand the greedy universities pay a windfall profit tax! Hillary would be threatening to "take" their profits, to spend elsewhere. Democrats would propose an economic stimulus package for poor colleges paid for by the rich ones, and we'd have congressional investigations up the wazoo. If Democrats were consistent, they'd pull out all the stops to end the wealthy colleges' "gouging" of the poor students and parents who face higher tuition fees each year -- while academe racks up billions.

But, of course, Big Education is a liberal "Big Business," so it's perfectly fine that the rich get richer while the poor get poorer... and you pay for it. It's liberal business as usual.

Read the Background Material on the Morning Update...
• AP: College Donations Go Up in 2007