To understand Limbaugh's response, it's important to know many economists - Amity Schlaes is one example - contend FDR worsened and extended The Great Depression. Their thrust: the cure for recession is recession. Let recession happen: the market is self correcting, and will cure itself faster and more effectively than outside forces are able. Government interference inefficiently slows and obstructs the cure.
Second, it's important to know of the contention that FDR kept getting re-elected b/c he was Santa Claus. FDR passed graft laws for "the common man". At election time, no one wanted to throw Santa Claus out of office.
Now to Limbaugh:
[T]he effort to foist all blame for this mess on the private sector continues unabated when most of the blame for this current debacle can be laid at the feet of the Congress and a couple of former presidents. And there is a strategic reason for this.
Secondly, here is a combo quote from the meeting:"If we don't get this done we (the Democrats) could lose seats and I could lose re-election. But we can't let people like Rush Limbaugh stall this. That's how things don't get done in this town."To make the argument about me instead of his plan makes sense from his perspective. Obama's plan would buy votes for the Democrat Party, in the same way FDR's New Deal established majority power for 50 years of Democrat rule, and it would also simultaneously seriously damage any hope of future tax cuts. It would allow a majority of American voters to guarantee no taxes for themselves going forward. It would burden the private sector and put the public sector in permanent and firm control of the economy. Put simply, I believe his stimulus is aimed at re-establishing "eternal" power for the Democrat Party rather than stimulating the economy because anyone with a brain knows this is NOT how you stimulate the economy. If I can be made to serve as a distraction, then there is that much less time debating the merits of this TRILLION dollar debacle.