VOICE: The Glenn Beck program presents more truth behind America’s march to socialism.

GLENN: Oh, that’s right. For all our problems right now, we’re still the greatest country on Earth. We’re always setting records that make other countries sit back and, oh, they are just like, wow, how’s America do that? Well, we’ve done it again, gang. We’re number one. We just set a new record for the largest debt. Congratulations, America. You now owe $11 trillion. The whopping number has a major ramification for President Barack Obama who is trying to push through a raft of big picture bills on healthcare, energy, education, climate change while also attempting to stabilize the swooning economy. Oh, top it. This is what the press is writing. Stop that. When is gigantic debt and a faltering economy slowed down the socialism train, you know, other than the Soviet Union? But forget about that one. There were other things going on. Like they had a war going on, too. You know, they were fighting Osama Bin Laden. I mean, Soviet Union never had a stimulus package like ours, and I’d like to point that out. I remember when we were first being told about the glorious stimulus package and Barack Obama went east to East Peoria, Illinois? Remember he was standing there at the Caterpillar plant? That was so great. Oh, it’s just, I still, I can smell the patriots in the air. I can see the red, white and blue behind him. I just know that it was a patriotic thing to do because there were blue-collar workers, there were people wearing hard hats, there were tractors or a Caterpillar in this particular case and there were flags. And I thought, my gosh, this has got to be good. And I listened and it was. Remember he told us that the CEO of Caterpillar told him that he will be able to rehire some of the employees that have already been laid off. If he would just only pass the stimulus package. Oh, it was so great. But I don’t do it justice. Listen carefully. This is what he said.

PRESIDENT OBAMA: It is time for congress to act.

GLENN: Yeah.

PRESIDENT OBAMA: And I hope they act in a bipartisan fashion.

GLENN: Oh.

PRESIDENT OBAMA: But no matter how they act, when they do, when they finally pass our plan, I believe it will be a major step forward on our path to economic recovery.

GLENN: That’s fantastic.

PRESIDENT OBAMA: And I’m not the only one who thinks so.

GLENN: Really?

PRESIDENT OBAMA: Yesterday Jim, the head of Caterpillar said if congress passes our plan.

GLENN: Yeah.

PRESIDENT OBAMA: This company will be able to rehire some of the folks who were just laid off.

GLENN: Oh, that is fantastic, America. That is –

PRESIDENT OBAMA: That’s a story I’m confident will be repeated at companies across the country.

GLENN: Oh, it sure is going to be repeated and several — took 11 minutes before the CEO of Caterpillar came out and said, "I didn’t actually say that." You know. He said, "I mean, if it’s possible, if the stimulus package passes and the economy recovers down the line, we may possibly be able to rehire a few of those people that were laid off, but maybe." But that was before he felt the true power of the stimulus package. Now that congress has acted in a bipartisan fashion, it’s finally passed. And the true blessings of the stimulus package can rain down upon the tiny hard hatted heads there at Caterpillar and their employees. Hang on just — this was just handed to me. Caterpillar notified an additional 2,454 workers in three states Tuesday that they were losing their jobs as the company continues to try to bring production in line with plummeting demand.

So anyway, so not only are they not rehiring laid-off employees like, you know, we were promised by the president. "Jim just told me that they were going to do that." So now they are announcing thousands of new layoffs. But wait. That’s not the worst part. Where are the vast majority of the layoffs coming from? Would you believe the exact same factory in the exact same city of East Peoria, Illinois that Barack Obama made the promise at. Whether you believe it or not, it’s true. But if we act now and we act in a bipartisan way, if we could just pass a second stimulus package, Caterpillar will be able to do more of these things, and I think it’s a story that will be repeated many times in companies all across this great land.

PRESIDENT OBAMA: That’s a story I’m confident will be repeated at companies across the country.

VOICE: That was even more overwhelming evidence that we are destined to be a bunch of socialist pigs very, very soon on the Glenn Beck program.