Obamanomics: Americans lose 40% of their wealth under Obama

Glenn has spent the last few days saying that we are on the verge of a victory – that the wheels are coming off for the other side, and we will emerge victorious. Despite the optimism, the economy is still tanking, unemployment is sky high, and deficits are soaring.

In case that’s not bad enough, the Federal Reserve now estimates that Americans net worth has dropped 40% between 2007 and 2010 from $126,000 to $77,000. In 2010, the median income in the United States fell 8% from $44,800.

The median income for average, private sector Americans has fallen 8%, and yet the President still believes the private sector is doing ‘fine’ and the public sector is the problem?

“Aren't the federal workers making about $110,000? Isn’t Congress making about $175,000,” Glenn asked on radio this morning. “Meanwhile they are whining, and they are complaining, and they can’t get anything done. While they need the President to go and fight their battles for them, your income has fallen 8%, and nobody is fighting your battle.”

President Obama, being the coward that he is, will never accept responsibility for any of these numbers because the survey is from 2007 to 2010, and we all know this President inherited the worst economy since… Charlemagne.

“We know one individual that will never ever take any blame or accept any blame and that's Barack Obama,” Glenn said.

In this case, however, it is not so much the steps the President and his administration have taken to fix the economy, but rather the steps they haven’t taken. Glenn blames the collapse of the housing market for the current decline of American wealth.

“Most of our wealth is in our home,” Glenn said. “And many of us can’t sell our home now? If we did sell our home, we would be massively underwater. We all know the Democrats, Barack Obama included, played a huge role in setting the stage for that huge debacle, insisting there be no investigation of Fannie or Freddie.”

“Any leader with a spine, a leader whom you can trust when things get tough, a leader with courage, would stand up and face the music before becoming president and accepting the reins of the office,” Glenn said.

“How can we possibly be doing ‘fine’ when we have lost 40% of our wealth,” he questioned. “The average American has lost 40% of their wealth. That's your nest egg. That's what you work your whole life to build up.”

A real leader would take responsibility and admit that things have not gotten better – in fact, in many ways, things have gotten worse. But this President continues to make promises he won’t keep, while underestimating the gravity of the situation.

Remember when President Obama said this: “I didn't overpromise. And I didn't underestimate how tough this was going to be. I always believed that this was a long-term project.”

Or how about this gem: “If I don't have this done in three years then it's going to be a one-term proposition.”

Well we are now three and a half years into a four year term, Americans have lost 40% of their wealth, and Obama is still refusing to take any responsibility. Even worse, now it looks like he is out right lying to the American people.

“We have a coward in office. A coward who has never accepted personal responsibility. A coward who has never been accountable for any of his actions,” Glenn said.

“I challenge any supporter of Barack Obama to call me, and tell me where I'm wrong. Tell me where I'm wrong on this. Show me where this man has taken responsibility. Show it to me. I don't know of a single instance where Barack Obama has said, ‘I overpromised and under-delivered.’ I've not heard him say, ‘The buck stops here. I'm responsible.’ In fact, he has said exactly the opposite.”

An Afghan interpreter who helped save then-Sen. Joe Biden's life in 2008 was among those stranded in Afghanistan after Biden's troop withdrawal. He has now escaped the country with his family, but not with President Biden's help.

Thanks to private organizations, including The Nazarene Fund, the interpreter and his family have now been rescued.

Watch the video clip below to hear Glenn Beck share the details:

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A shocking new report by The Daily Wire reveals that the furious father whose arrest at a school board meeting likely sparked the call for the FBI to investigate anti-CRT parents like domestic terrorists was furious for good reasons: The Loudoun County School Board allegedly tried to cover up his daughter's rape.

Rep. Chris Stewart (R-Utah) joined Glenn Beck on the radio program Tuesday to discuss the incident and explain why he joined 60 lawmakers in a letter to Attorney General Merrick Garland demanding answers for why the FBI is targeting parents.

"We want to know ... what kind of coordination took place between the White House, activist groups and teachers unions, and the Department of Justice," Stewart told Glenn. "Because we have evidence that there was [coordination] and, in fact, that the White House are the ones who initiated this. They asked for these activist groups to write this inflammatory letter to the Department of Justice saying they were 'intimidated' and that they 'felt threatened', giving the Department of Justice Attorney General Garland, the excuse to say, 'Okay, well, we have to respond'."

Stewart went on to say he believes the federal government would only involve the FBI in such an issue if its purpose is to silence and intimidate parents concerned about the "poison" being taught to their kids in school. So, what can he and the other representatives who disagree with the Biden administration's overreach of power do to stop it?

Watch the video clip below to hear Stewart explain:

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Taiwan's Foreign Minister Joseph Wu is now warning that his nation is preparing for war with China after Beijing flew a record number of warplanes over Taiwanese territory. Wu reached out to another country for help, but it wasn't the United States.

In a video, Wu urged Australia to help prepare for a possible invasion, but gave the U.S. no mention.

"The defense of Taiwan is in our own hands, and we are absolutely committed to that. And if China is going to launch a war against Taiwan, we will fight until the end. And that is our commitment. And, of course, during this period of time, we would like to exchange with other countries for security cooperation," Wu said on ABC News In-depth's China Tonight program. "We would like to engage in security or intelligence exchanges with other like-minded partners, Australia included, so that Taiwan is better prepared to deal with the war situation. And so far, our relations with Australia is very good. And that is what we appreciate it for."

On "The Glenn Beck Program," Glenn, Pat Gray, and Stu Burguiere discussed whether or not America would do anything during such a conflict — because it sure seems like President Joe Biden is more focused on working with China to fight climate change. Plus, why did China just cut off all cryptocurrency?

Watch the video clip below to catch the conversation:

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

On "Glenn TV" tonight, Glenn Beck heads to the chalkboard to reveal how the fundamental transformation of America has already begun by turning the Declaration of Independence upside down.

If Donald Trump was a dictator, then what do we call President Biden? In Biden's first nine months in office, he has already issued 64 executive orders – that's more than Trump, Obama, W. Bush, Clinton, Bush, and Reagan each issued in their entire first years in office.

You never hear the Left talk about the Declaration of Independence, the Constitution, or the Bill of Rights any more, unless it's to "reimagine" the Constitution or slap a "harmful content" warning on our founding documents. Seriously. The National Archives said while its website label wasn't targeting the Constitution specifically, "some of the materials presented here may reflect outdated, biased, offensive, and possibly violent views and opinions." The Left finds basic, guaranteed rights so offensive they now spend all of their time on workarounds to deal with America's annoying founding documents.

Watch the full episode of "Glenn TV" below to see Glenn outline the aggressive unconstitutional abuses "King Biden" is jamming down our throats and teaches Americans how we can defend against presidential tyranny.

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.