During his Thursday broadcast, Rush Limbaugh asserted that President Barack Obama is “setting up riots” through the Occupy Wall Street and Occupy D.C. protests.

“There’s no doubt in my mind that the White House is behind this,” he said. “Obama is setting up riots. He is fanning the flames.”

“Occupy Wall Street is his base,” he said. “Those are his foot soldiers.”

Below is a partial transcript of Limbaugh’s segment addressing Occupy Wall Street:

This thing just didn’t bubble up out of nothing.  We now find out George Soros money is behind this, and there’s no doubt in my mind that the White House is behind this.  I wish I could tell you who, but a very prominent person asked me to never mention his name in this regard, but for months he has been telling me, “You watch, Rush, do not doubt me,” he said to me, “Obama is setting up riots.  He is fanning the flames for riots and eventual violence.  That’s all he’s got.”  And now you look, all of this talk about millionaires and billionaires and people not paying their fair share and this relentless assault on achievement in this country has resulted in what?  The appearance of a spontaneous combustion of angry white college students who are fed up with all the injustices that this country is famous for.  That’s his base.

Occupy Wall Street is his base.  Those are his foot soldiers.  The anarchists, the union thugs who are occupying Wall Street, Obama is now going to run for reelection against Wall Street, and all of these schlubs in this protest march don’t understand that Wall Street and Obama are inseparable.