Rush Limbaugh compared Robinhood’s freeze in the GameStop stock frenzy to the political elites undermining former President Donald Trump’s populist policies.
“Folks, it’s not just political now,” the conservative radio show host said Thursday. “The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires.
“There are those who are allowed to make a lot of money and those of you who aren’t.”
He added, “If you figure out how to make a lot of money, and if you’re like Donald Trump and you figure out how to get elected, if you figure out how to beat the Deep State, they’re gonna come and they’re gonna wipe you out.
“They’re gonna destroy you, and that’s what’s happening with GameStop.”
Robinhood reversed course on Friday, allowing “limited buys” in GameStop shares.
But Limbaugh said the initial move made it clear that there are “those who are allowed to make a lot of money” and those who aren’t.
“Now they’re actually making it clear to anybody that has the ability to notice that you’re not allowed to use the stock market the way they do, you’re not allowed to profit, you’re not allowed to make the kind of money they do,” he explained.
Limbaugh added, “With this GameStop story, and the revelations contained in it, the elites, the same people that were hell-bent on getting rid of Donald Trump, the same people are now trying to tell you what you can or can’t do with your money.”
Calling the GameStop boom “the most fascinating thing” to happen in a long time, the commentator said it shows that “everything is rigged in favor of the elites.”