A domain name worth more than Disney?

There were a few things bothering Glenn this morning, one of them was Facebook. Facebook was valued at $60 billion more than the Disney – why? What are they creating that is so valuable? Pointing to the dot com bubble, Glenn explained that you’re not left with any tangible assets. If a company like Disney goes belly up you could sell movies, networks like ESPN, three theme parks, etc. – but with Facebook Glenn noted, “In the end, all I’m really buying is a domain name.”

Glenn, who is obviously not anti-internet or social media, made sure to point out that Facebook has obvious upsides. “900 million people connect through Facebook,” he said. “It is the wave of the future.”

Last Friday, Glenn touched on the IPO and the lunacy of the conversation that was occurring in the media over its price point – all of the “experts” were saying, “is it $100 billion or $116 billion.”

Even the president’s favorite banker Jamie Dimon at J.P. Morgan Chase was involved, as was Morgan Stanley. “The president doesn’t trust anyone on Wall Street, but he trusts these guys,” Glenn said sarcastically. "You know, Jamie Dimon and J.P. Morgan Chase, they have a million dollars of the president's own money, and they are some of the best bankers in the world right there at J.P. Morgan Chase and Jamie Dimon."

While Greece and Europe are in turmoil and the Euro is on the brink, the mainstream media completely shifted focus to …Facebook? Really? There were a very small handful of people that point to the fact that a lot people could lose a lot of money on this.

Surprise, surprise, there were a few facts that most people didn’t hear about last week regarding Facebook. Like the way the IPO was evaluated, or that the guy who did the IPO for Facebook is the same guy who did the IPO for General Motors for the government. General Motors also came out last week and said they were ending all of their advertising with Facebook and the Super Bowl. Glenn said that the reason given by GM was “it’s pricey” and “it doesn’t work.”

“Okay, wait a minute,” Glenn started, “Hand on just a second. 900 million people connect on Facebook. You’re going to get out of the Facebook business, General Motors… Government Motors? And then you’re going to get out of the Super Bowl? So your advertising executives are third graders, you’re broke, or something else is going on.”

At first Glenn thought that General Motors was just broke, but then after taking a step back to look at the big picture, the Facebook issue stood out at him. “Everybody is on the bandwagon except General Motors? Why is that? Why are they getting out of the Facebook business, while everybody on the planet is going this direction?” Glenn asked.

Glenn noted that unless Facebook increases its revenue by 47% for the next three years it will collapse – something that nobody talked about last week. Now it’s being reported that the banks made about $100 million off of this, and now the left is coming out against Facebook and demonizing them.

“I thought these were the greatest people ever? I thought the president loved these guys?” Glenn asked. “I thought the president said how great Facebook was because it was leading ‘change’ – people were connecting with it all over the world and it was the leader in revolution? He held a rally at Facebook and now, all of a sudden, they’re evil? Huh.”

Experts are also coming out now and saying that this could be the Black Swan event if Facebook doesn’t make their 47% increase in profit for the next three years. It could implode and bring down the entire economy.

Glenn pointed out that, like most people, if everything did crash, he’d rather have a roller coaster and the assets of Disney, but the government on the other hand, what would they rather have in their pocket in the event of a market and/or economic collapse?

“If I was the government, wouldn't that be great to have an asset like Facebook?” Glenn asked. Especially if you had the kind of ideas of Cass Sunstein or Mark Lloyd where you needed to control the media? Well, this is the new media. Wouldn't it be great? Think of the money we could save. Think of the money we could save, because remember one of the first things that Barack Obama did is say, "I've got to archive all of the Facebook posts. I've got to archive all of those because it's so important to our culture. What do you think of the money we'll save in the archives, if we just helped them or bailed them out – had access, had control?" What a great asset that would be for the United States of America.”

In light of the national conversation surrounding the rights of free speech, religion and self-defense, Mercury One is thrilled to announce a brand new initiative launching this Father's Day weekend: a three-day museum exhibition in Dallas, Texas focused on the rights and responsibilities of American citizens.

This event seeks to answer three fundamental questions:

  1. As Americans, what responsibility do we shoulder when it comes to defending our rights?
  2. Do we as a nation still agree on the core principles and values laid out by our founding fathers?
  3. How can we move forward amidst uncertainty surrounding the intent of our founding ideals?

Attendees will be able to view historical artifacts and documents that reveal what has made America unique and the most innovative nation on earth. Here's a hint: it all goes back to the core principles and values this nation was founded on as laid out in the Declaration of Independence and the Bill of Rights.

Exhibits will show what the world was like before mankind had rights and how Americans realized there was a better way to govern. Throughout the weekend, Glenn Beck, David Barton, Stu Burguiere, Doc Thompson, Jeffy Fisher and Brad Staggs will lead private tours through the museum, each providing their own unique perspectives on our rights and responsibilities.

Schedule a private tour or purchase general admission ticket below:

Dates:
June 15-17

Location:

Mercury Studios

6301 Riverside Drive, Irving, TX 75039

Learn more about the event here.

About Mercury One: Mercury One is a 501(c)(3) charity founded in 2011 by Glenn Beck. Mercury One was built to inspire the world in the same way the United States space program shaped America's national destiny and the world. The organization seeks to restore the human spirit by helping individuals and communities help themselves through honor, faith, courage, hope and love. In the words of Glenn Beck:

We don't stand between government aid and people in need. We stand with people in need so they no longer need the government

Some of Mercury One's core initiatives include assisting our nation's veterans, providing aid to those in crisis and restoring the lives of Christians and other persecuted religious minorities. When evil prevails, the best way to overcome it is for regular people to do good. Mercury One is committed to helping sustain the good actions of regular people who want to make a difference through humanitarian aid and education initiatives. Mercury One will stand, speak and act when no one else will.

Support Mercury One's mission to restore the human spirit by making an online donation or calling 972-499-4747. Together, we can make a difference.

What happened?

A New York judge ruled Tuesday that a 30-year-old still living in his parents' home must move out, CNN reported.

Failure to launch …

Michael Rotondo, who had been living in a room in his parents' house for eight years, claims that he is owed a six-month notice even though they gave him five notices about moving out and offered to help him find a place and to help pay for repairs on his car.

RELATED: It's sad 'free-range parenting' has to be legislated, it used to be common sense

“I think the notice is sufficient," New York State Supreme Court Judge Donald Greenwood said.

What did the son say?

Rotondo “has never been expected to contribute to household expenses, or assisted with chores and the maintenance of the premises, and claims that this is simply a component of his living agreement," he claimed in court filings.

He told reporters that he plans to appeal the “ridiculous" ruling.

Reform Conservatism and Reaganomics: A middle road?

SAUL LOEB/AFP/Getty Images

Senator Marco Rubio broke Republican ranks recently when he criticized the Tax Cuts and Jobs Act by stating that “there's no evidence whatsoever that the money's been massively poured back into the American worker." Rubio is wrong on this point, as millions of workers have received major raises, while the corporate tax cuts have led to a spike in capital expenditure (investment on new projects) of 39 percent. However, the Florida senator is revisiting an idea that was front and center in the conservative movement before Donald Trump rode down an escalator in June of 2015: reform conservatism.

RELATED: The problem with asking what has conservatism conserved

The "reformicons," like Rubio, supported moving away from conservative or supply-side orthodoxy and toward policies such as the expansion of the child and earned income tax credits. On the other hand, longstanding conservative economic theory indicates that corporate tax cuts, by lowering disincentives on investment, will lead to long-run economic growth that will end up being much more beneficial to the middle class than tax credits.

But asking people to choose between free market economic orthodoxy and policies guided towards addressing inequality and the concerns of the middle class is a false dichotomy.

Instead of advocating policies that many conservatives might dismiss as redistributionist, reformicons should look at the ways government action hinders economic opportunity and exacerbates income inequality. Changing policies that worsen inequality satisfies limited government conservatives' desire for free markets and reformicons' quest for a more egalitarian America. Furthermore, pushing for market policies that reduce the unequal distribution of wealth would help attract left-leaning people and millennials to small government principles.

Criminal justice reform is an area that reformicons and free marketers should come together around. The drug war has been a disaster, and the burden of this misguided government approach have fallen on impoverished minority communities disproportionately, in the form of mass incarceration and lower social mobility. Not only has the drug war been terrible for these communities, it's proved costly to the taxpayer––well over a trillion dollars has gone into the drug war since its inception, and $80 billion dollars a year goes into mass incarceration.

Prioritizing retraining and rehabilitation instead of overcriminalization would help address inequality, fitting reformicons' goals, and promote a better-trained workforce and lower government spending, appealing to basic conservative preferences.

Government regulations tend to disproportionately hurt small businesses and new or would-be entrepreneurs. In no area is this more egregious than occupational licensing––the practice of requiring a government-issued license to perform a job. The percentage of jobs that require licenses has risen from five percent to 30 percent since 1950. Ostensibly justified by public health concerns, occupational licensing laws have, broadly, been shown to neither promote public health nor improve the quality of service. Instead, they serve to provide a 15 percent wage boost to licensed barbers and florists, while, thanks to the hundreds of hours and expensive fees required to attain the licenses, suppressing low-income entrepreneurship, and costing the economy $200 billion dollars annually.

Those economic losses tend to primarily hurt low-income people who both can't start businesses and have to pay more for essential services. Rolling back occupational licenses will satisfy the business wing's desire for deregulation and a more free market and the reformicons' support for addressing income inequality and increasing opportunity.

The favoritism at play in the complex tax code perpetuates inequality.

Tax expenditures form another opportunity for common ground between the Rubio types and the mainstream. Tax deductions and exclusions, both on the individual and corporate sides of the tax code, remain in place after the Tax Cuts and Jobs Act. Itemized deductions on the individual side disproportionately benefit the wealthy, while corporate tax expenditures help well-connected corporations and sectors, such as the fossil fuel industry.

The favoritism at play in the complex tax code perpetuates inequality. Additionally, a more complicated tax code is less conducive to economic growth than one with lower tax rates and fewer exemptions. Therefore, a simpler tax code with fewer deductions and exclusions would not only create a more level playing field, as the reformicons desire, but also additional economic growth.

A forward-thinking economic program for the Republican Party should marry the best ideas put forward by both supply-siders and reform conservatives. It's possible to take the issues of income inequality and lack of social mobility seriously, while also keeping mainstay conservative economic ideas about the importance of less cumbersome regulations and lower taxes.

Alex Muresianu is a Young Voices Advocate studying economics at Tufts University. He is a contributor for Lone Conservative, and his writing has appeared in Townhall and The Daily Caller. He can be found on Twitter @ahardtospell.

Is this what inclusivity and tolerance look like? Fox News host Tomi Lahren was at a weekend brunch with her mom in Minnesota when other patrons started yelling obscenities and harassing her. After a confrontation, someone threw a drink at her, the moment captured on video for social media.

RELATED: Glenn Addresses Tomi Lahren's Pro-Choice Stance on 'The View'

On today's show, Pat and Jeffy talked about this uncomfortable moment and why it shows that supposedly “tolerant" liberals have to resort to physical violence in response to ideas they don't like.