Government won't let go of GM

September 18, 2012

Writer

This morning, Glenn told listeners the story of how he made the decision to cancel his advertising contract with General Motors - the biggest contract he had at the time - because of the auto bailout.

"My word to you is worth more," he explained.

Glenn recounted this story because of news that broke earlier these week about the auto company. The feds are refusing to sell their shares of GM.

TheBlaze reported that:

General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent.
But Treasury officials aren’t interested in selling because it would mean posting a multibillion dollar loss during an election year, the Wall Street Journal reports.
GM officials offered to repurchase 200 million of the 500 million shares the feds hold with “the balance being sold via a public offering,” MarketWatch notes.
Government officials weren’t interested in the deal.

Glenn noted that the last thing he said to the people he negotiated with at GM was, "You ever get out this thing, you call me up. I do believe in GM, but I can't do it when you're in bed with the government."

What was their response?

"Mr. Beck, we are going to get out of bed with the government."

Apparently not.

What did GM end up with as a result of the bailout? They're not allowed to buy out the government stakes. They're stuck in this deal now, and chances are, if they hadn't gone through bankruptcy in the first place, they would probably have made it to the other end by now.

"I can guarantee that those stocks would be worth more," Glenn said.

This isn't the first time this has happened in our history - the banks went through a similar situation during their bailout. There were banks who didn't want the bailout, but they weren't given a choice.

"Are they better off? No you know why? Because they don't own themselves anymore," Glenn said. "They are controlled."

Glenn compared the situation to going on food stamps. It should be a last resort. Go to your family, your church, your town, before you go to the federal government.

"But get out of that system as soon as as you possibly can," he added. "Find another way. Get out because they will control you."

Americans are giving up their freedom one welfare check at a time - willingly giving up control of their decision making for a handout.

"I contend that anybody who is telling you now how could they possibly tell you we are better off as a country than we were four years ago. How could they possibly tell you that we're on the road to recovery when things aren't working?" Glenn asked. "When you see the roles of people who're living off the government teat, not only expand but in some cases double six months ago 36 million were on food stamps. Now it's 49 million - that's crazy. How are we better off? How is this working unless this is your plan to enslave people. It crushes the American spirit. It crushes the individual. And they control you. This is a debate we should have. 47% of the American population? We're not talking about poverty, we're talking slavery. And if you don't believe me, maybe you should read Booker T Washington and Frederick Douglas, and what they said about government handouts."

THESE 6 institutions have reinstated COVID-era mask mandates

COVID is back! Or that is what we’re being told anyway...

A recent spike in COVID cases has triggered the left's alarm bells, and the following institutions have begun to reinstate COVID-era mandates. You might want to avoid them if you enjoy breathing freely...

Do YOU think institutions should bring back COVID-era mandates if cases increase? Let us know your thoughts HERE.

Morris Brown College

Both of Upstate Medical's hospitals in Syracuse, New York

Corey Henry / Senior Staff Photographer | The Daily Orange

Auburn Community Hospital, New York

Kevin Rivoli / The Citizen | Auburn Pub

Lionsgate Studio

AaronP/Bauer-Griffin / Contributor | GETTY IMAGES

United Health Services in New York

Kaiser Permanente in California

Justin Sullivan / Staff | GETTY IMAGES

Get THE DOCUMENTS for the 'Parental Advisory' Glenn TV special

There was a time when both the Left and the Right agreed that parents have the final say in raising their children... Not anymore.

In the People's Republic of California, the STATE, not parents, will determine whether children should undergo transgender treatments. The California state legislature just passed a law that will require judges in child custody cases to consider whether parents support a child’s gender transition. According to the law, the state now thinks total affirmation is an integral part of a child’s “health, safety, and welfare.”

We are inching closer to a dystopia where the state, not the parents, have ultimate rights over their children, a history that people from former Soviet nations would feign repeating.

Glenn dove into the law AND MORE in this episode titled, "Parental Advisory: The EXPLICIT plot to control YOUR kids." To get all the research that went into this episode AND information on how YOU can fight back, enter your email address below:

If you didn't catch Wednesday night's Glenn TV special, be sure to check it out HERE!

The Biden admin has let in MORE illegal aliens than the populations of THESE 15 states

GUILLERMO ARIAS / Contributor | Getty Images

There are currently an estimated 16.8 MILLION illegal aliens residing in the United States as of June 2023, according to the Federation for American Immigration Reform (FAIR). This number is already 1.3 million higher than FAIR's January 2022 estimate of 15.5 million and a 2.3 million increase from its end-of-2020 estimate. Even Democrats like New York City's Mayor Adams Mayor Adams are waking up to what Conservatives have been warning for years: we are in a border CRISIS.

However, this isn't the same border crisis that Republicans were warning about back in 2010. In the first two years of the Biden administration alone, the illegal alien population increased by 16 PERCENT nationwide, imposing a whopping net cost of $150.6 BILLION PER YEAR on American taxpayers. That is nearly DOUBLE the total amount that the Biden administration has sent to Ukraine.

This isn't the same border crisis that Republicans were warning about back in 2010.

These large numbers often make it difficult to conceptualize the sheer impact of illegal immigration on the United States. To put it in perspective, we have listed ALL 15 states and the District of Colombia that have smaller populations than the 2.3 MILLION illegal immigrants, who have entered the U.S. under the Biden administration. That is more than the entire populations of Wyoming, Vermont, and South Dakota COMBINED—and the American taxpayers have to pay the price.

Here are all 16 states/districts that have FEWER people than the illegal immigrants who have entered the U.S. under the Biden administration.

1. New Mexico

Population: 2,110,011

2. Idaho

Population: 1,973,752

3. Nebraska

Population: 1,972,292

4. West Virginia

Population: 1,764,786

5. Hawaii

Population: 1,433,238

6. New Hampshire

Population: 1,402,957

7. Maine

Population: 1,393,442

8. Montana

Population: 1,139,507

9. Rhode Island

Population: 1,090,483

10. Delaware

Population: 1,031,985

11. South Dakota

Population: 923,484

12. North Dakota

Population: 780,588

13. Alaska

Population: 732,984

14. Washington DC

Population: 674,815

15. Vermont

Population: 647,156

16. Wyoming

Population: 583,279

POLL: Should the Government control the future of AI?

The Washington Post / Contributor | Getty Images

Earlier this week, tech titans, lawmakers, and union leaders met on Capitol Hill to discuss the future of AI regulation. The three-hour meeting boasted an impressive roster of tech leaders including, Elon Musk, Mark Zuckerberg, Bill Gates, Google CEO Sundar Pichai, OpenAI CEO Sam Altman, and others, along with more than 60 US Senators.

Tech Titans and Senators gathered in the Kennedy Caucus Room.The Washington Post / Contributor | Getty Images

The meeting was closed to the public, so what was exactly discussed is unknown. However, what we do know is that a majority of the CEOs support AI regulation, the most vocal of which is Elon Musk. During the meeting, Musk called AI "a double-edged sword" and strongly pushed for regulation in the interest of public safety.

A majority of the CEOs support AI regulation.

Many other related issues were discussed, including the disruption AI has caused to the job market. As Glenn has discussed on his program, the potential for AI to alter or destroy jobs is very real, and many have already felt the effects. From taxi drivers to Hollywood actors and writers, AI's presence can be felt everywhere and lawmakers are unsure how to respond.

The potential for AI to alter or destroy jobs is very real.

Ultimately, the meeting's conclusion was less than decisive, with several Senators making comments to the tune of "we need more time before we act." The White House is expected to release an executive order regarding AI regulation by the end of the year. But now it's YOUR turn to tell us what YOU think needs to be done!

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