If you haven't heard Michelle Obama's most recent speech, you need to. Why? Because whether or not you believe a word of it, the impact was devastating.

"The audience was pin-drop quiet. It connected. Whether you like to believe it or not, whether I want to believe it or not, it connected. And it was powerful," Glenn said Friday on his radio program.

RELATED: Watch Michelle Obama’s Entire Speech on Trump and Women

Not only has the Democratic Party co-opted conservative language this election season, they're now co-opting women voters of every ilk with Michelle Obama's speech.

"We've switched places," Glenn said. "We don't control the narrative, and we don't control the culture. They do. They control the language. You cannot fight them on things like this. They win . . . we have become them. And now, they've decided that this is all wrong."

Read below or watch the clip for answers to these questions:

• Who should have given Michelle Obama's speech?

• Why was the first five minutes of the speech so important?

• Who have conservatives lost with this election?

• Did the Trump campaign conduct opposition research?

• What's the greatest irony of Michelle Obama's speech?

Below is a rush transcript of this segment, it might contain errors:

GLENN: I want to start with the most effective speech, the most effective political speech I have heard since Ronald Reagan.

It kills me to say that. I don't -- I don't think this is necessarily genuine. I think she does believe these things. But it was very well done, very well rehearsed. And in the video that I saw -- now, this was a regular campaign speech -- you would not see several angles. You would see one. They come, they put a camera down in the back. It's all -- lock it down. They lock it down on the podium. And that's it.

If you watch the speech that Michelle Obama gave yesterday, they knew. There were four different camera angles on this. They knew exactly -- the press knew what was coming. This was an important speech.

Normally, if you give this speech -- any campaign speech -- you hear, "I'm going to say something about the bad guy." And what does everybody do?

STU: Boo.

GLENN: Boo. Okay. "I'm going to say something about us." Yay!

STU: Yay!

GLENN: And that's a campaign speech.

I will tell you, if you want to look at what the conservatives have lost in this campaign -- we have lost the argument on economics.

Can anybody remember what the number $787 billion is about? Do you remember what it is? Anybody?

STU: Oh, yeah. Yeah. For sure.

GLENN: Yeah. Stimulus package, right? Why do you remember that number, Stu?

STU: Because we it said 9 million times --

GLENN: Why did we say it 9 million times?

STU: To criticize Barack Obama and his huge spending effort --

JEFFY: So big.

STU: Right. And our change from, you know, violating the free market system to save it. That extending into Obama's presidency where we were just throwing money at this problem.

GLENN: How much is Donald Trump's child care bill? How much is that?

STU: Up to $680 billion.

GLENN: So $100 billion short of the biggest number any of us had ever heard the government spend.

STU: Of course, that doesn't include his $550 billion-plus stimulus plan, which is on top of the 680 billion from child care.

GLENN: Right. So we're over $1 trillion for just two things: a stimulus and one child care package.

So we've lost the economic high ground. We are -- we have proven ourselves to be, what? Liars? We don't care if it's our side. We don't care what anybody does, as long as they don't do it economically.

Small government. Single-payer health care system. He has said it over and over again. He will do a -- he will repeal and replace, with a single-payer health care system. Universal health care. We've lost that argument. Compassion. "You know what, maybe we ought to go over there and kill the families. Kill the families of the terrorists." Or even the deportation force. Instead of saying, "We have ICE. We have to empower ICE to do their job."

He says, "We'll have a deportation force." Compassionate conservatism, if it even existed: Gone.

Corruption on business. We say we don't like corruption in business. Listen to the words of, "What? I use the laws. I -- of course, I use bankruptcy because I use laws that benefit me. You don't like the laws, change them." Now, while that is true, how do you defend that?

JEFFY: It's called business.

STU: That's right.

GLENN: It's cold-hearted, Mr. Potter versus the Bailey Building & Loan kind of business. Heartless. "I use what I can." Cronyism. "Yeah, you damn right I give to all of the guys because they'll answer my calls and I get what I need."

What else have we lost? How about the moral high ground? Anger. Vengeance. Vulgarity. I mean, we could spend days on that one.

We've lost Hispanics. They're not coming back. They're not coming back. Because our cheering crowds, they're not coming back.

We're now losing women. Women are dropping like flies. Why? Why?

Because the people who know how to deliver speeches, who have control of the media, who -- who have defended Bill Clinton for 25 years, who dragged all of the arguments that Donald Trump is making out of in front of people right now, the ones that we are using, they're only being -- we didn't develop those arguments. They did. They fought against them and said, "Oh, that's crazy." Now, they're the ones saying that this is a moral outrage.

STU: Right.

GLENN: We've switched places. But what you don't understand is, we don't control the media. We don't control the narrative. And we don't control the culture. They do. They control the language. You cannot fight them on things like this. They win. Especially when you have a guy who has shown that he is into cronyism, corruption, compassion is gone, small government, economics.

We have become them. And now, they've decided that this is all wrong.

Who do you think is going to win? Women are going to leave us in droves because they will be effective where we are not. And in the meantime, we've lost our religious institutions. Because our religious institutions don't stand for principles or morals anymore. We are losing ourselves.

JEFFY: You've highlighted some inconsistencies.

GLENN: Yes. And who didn't see this coming? We were so wrapped up into winning, we said last year, millions of Americans said last year, "You can't do this. When the media gets a hold of this guy, they're going to kill him. They're going to cream him." No, he's got control of the media. "No, he does now because they want him to win." As WikiLeaks has now shown us, that was exactly their plan. They wanted him to get the nomination. Because they knew she was so weak and he could be destroyed.

STU: They talked privately about how it was basically her only path to the presidency.

GLENN: Yes.

STU: Only path to the presidency was Donald Trump.

GLENN: Thank you, Russia. Thank you, Russia, for verifying what we said during the primary.

STU: Probably stop trying to interfere in our elections to do so, but, yes.

GLENN: Yes. Yes.

Okay. So we know that's all true now. And we now also know that Donald Trump was so reckless with our nation, that he refused to have anyone do opposition research on him. That is basic. That's the first thing you do. When you want to run, you say, "I need some opposition research. Show me that the worst that they might be able to find." And you do research so you overturn every stone so no one surprises you.

We found out, in the three administrations that have been running the Trump campaign, all three of them have said, "We -- we need to do opposition research. And he has said no."

So now, the campaign has no idea what's coming next. And if you don't think that that was a setup -- Ben Shapiro hit it right -- the nail right on the head: During the debate, "So have you ever said -- have you ever done any of these things that are on this tape on the bus?"

"Look, nobody respects women --

"No, that's not the question. Have you ever done any of those things?"

"No one respects women more than I do."

"Again, sir, have you done any of those things?"

He was trapped. He had to say yes or no. He chose no. Setup. That's not Gary Hart. Who was the guy who said follow me?

STU: That was Gary Hart.

JEFFY: Yeah, that was Gary Hart.

GLENN: Was it Gary Hart? Yeah. Follow me.

"Everybody is saying that I've had affairs. Follow me."

That's what he did. He said no. People are saying, "Well, you can't trust these women." Oh, so now we don't believe the women? Now we take a very vulgar man with lots of power, celebrity, who we know lives this kind of lifestyle anyway, has bragged about it for 30 years, we have footage of things like this, and now we're taking the position of not believing the women?

Why did the women finally come up? Well, I would imagine if that had happened to you, you're not going to say anything. For all kinds of reasons, you don't say anything. Bill Cosby comes to mind. But there comes a point -- and this was the point -- that you're sitting at home and you're watching that and you snap and say, "That son of a bitch. He did it to me."

STU: There very easily could be a mixture of people actually doing that and --

GLENN: And completely false.

STU: -- realizing, hey, here's a presidency that I can take.

I mean, it's not to say that these women are all going to turn out to be true. It's all alleged.

GLENN: You have no idea.

STU: They all say -- you know, Trump says he's going to come out with evidence that's going to disprove all of them today. Let's see.

GLENN: But you don't have the moral high ground because you've already ceded it. You don't have a guy who you can say, "This is out of character." When Donald Trump said, "Ted Cruz has, you know, 12 mistresses," it was pretty easy to question Ted and say, "Ted, did that happen?"

"Please, Glenn."

There's nothing in his character that shows that. That doesn't mean that it didn't happen.

STU: Right.

GLENN: But there's nothing in his character that hints at that.

STU: Again, think about this again. Here's a guy who is dealing with this now, and having to fight off all these allegations, you know, here's a guy who tried to ruin Ted Cruz's run by pinning a fake cheating scandal on him.

GLENN: Yes. Correct.

STU: And --

GLENN: Beyond this, Stu, beyond this, here's a man -- here's a man who is still trying to make the issue about Bill Clinton and what Bill Clinton did. And the women -- think of this. What did he do on Sunday?

He put people who accused Bill Clinton of doing something 30 years ago in the audience, when his defense of himself is, "That's old news. That's ten years old."

It's the dumbest strategy I've ever seen.

I'm going to take a break. And I don't know if I'm going to have time or patience to play the Michelle Obama speech. But you need to hear it. Because the audience is pin-drop quiet. It connected. Whether you like to believe it or not, whether I want to believe it or not, it connected. And it was powerful.

You don't have to believe it, to see its devastating effects. And I don't even mean on Donald Trump. I mean on the conservative movement. A devastating attack.

We have been talking about, "There is no War on Women." You just handed them a War on Women. And they took it. And if you listen to her words carefully, oh, my gosh, oh, my gosh, they are co-opting women, and it will work. They are -- they are talking about how crippled women are, and it's time you have a protector. Oh, my gosh.

The conservatives, it's probably too late. It's probably too late for you to regain currently, because these crowds are still 15,000 strong. There is a big part of the conservative movement that just doesn't care. And it's going to destroy it. I think it already has.

Featured Image: Screenshot of Michelle Obama's speech at Southern New Hampshire University in Manchester, NH on Oct. 13, 2016.