Three Things You Need to Know – February 9, 2018

The Senate Circus Show

Last night might have been one of the weirdest and silliest nights our government has seen in quite a while. You easily could have watched CSPAN last night and actually been entertained. If last night’s theatrics had a musical score it would have been somewhere in between circus music and the Benny Hill theme.

The Senate agreed two days ago on a long-term bipartisan budget deal that is the equivalent of a massive raging dumpster fire. This set the tone for last night’s silliness when Rand Paul stood up in front of Senate Republicans and called them out on their hypocrisy. Paul didn’t pull any punches. He - straight up - called them all hypocrites and warned that quote “a day of reckoning is coming.”

Rand Paul’s right and every Republican in that very room agreed with him back in 2011 when they all fought Democrats to install debt caps. This new budget obliterates those debt caps AND sets the precedent for this to get even worse in the years to come. Did Republicans suddenly have a change of heart or did they never really believe in fiscal responsibility to begin with. Spoiler alert… it’s the latter. The truth is that they just wanted to win in 2011 by imposing debt caps, and they just want to win now by erasing them.

So BRAVO to Rand Paul for actually saying out loud what some on the Senate floor were probably thinking and feeling. Paul kept his criticism going long enough to delay the vote which actually caused the government to shut down a little after midnight. In the end, it was a valiant but losing effort. The Senate voted 71-28 to pass the deal. It then shot over to the House for a quick vote to try and avoid the shutdown extending into Friday.

Over at the House, Nancy Pelosi urged her colleagues not to show their hand until they knew how many Republicans would vote YES. As the pressure mounted she finally declared that she wouldn’t vote, because of DACA of course, but that she wouldn’t hold anyone else back from voting. One by one Democrat YES votes started flooding in. Is Pelosi auditioning for an acting gig? Neither her theatrics last night nor her 8 plus hour long DACA speech, had any value beyond pure theater.

I’m telling you, last night was kind of entertaining. If you were bored and nerdy enough to watch CSPAN at 2 am (don’t judge) you were either laughing, crying or downright pissed off. What else beyond a good movie or a BAD ineffective government can deliver on all that in one night?

The Dow Drop Part Deux

After nine years of stock market growth, the smooth sailing is finally getting choppy.

Yesterday, the Dow Jones Industrial Average dropped another 1,032 points. It’s the second day this week that the Dow has lost over a thousand points. Monday’s point loss was the largest single-day drop on record. Yesterday’s was the second-largest.

The next two biggest single-day point drops on record happened in 2008.

The Dow has now dropped into “correction” territory, which means it is down 10% from its highest point of over 26,000 on January 26. The Dow hasn’t been in a Correction since February 2016. It would have to drop another 10% to be considered a Bear market.

When the market is in a “Correction,” it often indicates that investors are turning pessimistic about the markets. However, a Correction doesn’t mean the market is unraveling. Since 1998, there have only been 10 Corrections (including yesterday’s). Only two of those corrections continued the decline into Bear markets.

Everyone is scrambling for an explanation for this week’s shaky market. No one knows whether this volatility will last days or weeks. Investors seem to be nervous about inflation, and that the Federal Reserve will raise interest rates faster than originally thought. The fear about inflation is driven by the increase in wages, which are rising at the fastest rate since 2009.

While the market is definitely acting weird this week, it seems more out of place than usual, simply because the Dow has risen to unprecedented levels in the last year. We’re not used to volatility, so any shakiness at all seems more disconcerting than it might in a more average year. Many analysts think this volatility is long overdue and nothing more than a healthy correction.

If nothing else, this week has been an interesting test case in the psychology of investors. The market has been doing so well for so long, people are in panic mode that it can’t possibly continue.

Racially Motivated Olympic Coin Toss?

A coin toss is causing controversy today.

You heard me. A coin toss.

Here’s what happened.

Two athletes were nominated by the United States Olympic team to be the flag bearer at the opening ceremony.

Shani Davis, an African American male five-time Olympian and Erin Hamlin, a white female four-time Olympian were tied for the position.

Both received the same number of votes from the representatives.

So, how do you handle a tie like this in the most objective and pragmatic way possible?

You flip a coin.

Erin Hamlin won and Shani Davis played the race card on Twitter writing:

“TeamUSA dishonorably tossed a coin to decide its 2018 flag bearer. No problem. I can wait until 2022. #BlackHistoryMonth2018”

Excuse me?

How can Davis possibly think that a coin toss was racially motivated?

What is the answer here? Should the Team USA have given Davis the position just because he is black? No. Did they give it to Erin just because she is a white female? No.

Should we start banning coin tosses in sports?

It’s the luck of the draw. It is the most non-biased and objective way you can pick something.

Davis was obviously still upset about not being flag bearer because he skipped the Opening Ceremony this morning.

What a sore loser. I’m glad he didn’t represent America at the Olympics today. He’s got a bad attitude—something even four shiny Olympic medals can’t hide.

MORE 3 THINGS

Glenn Beck: Here's how YOU can fix the Great Reset's housing crisis

Photo by H. Armstrong Roberts/Retrofile/Getty Images

How's the housing market looking these days? Because under Build Back Better (aka the Great Reset), investors are grabbing up homes at a record pace.

On "The Glenn Beck Radio Program," Glenn discussed a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price.

"Think of that, one in every five homes that are sold are going to a big investment firm," Glenn said. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records."

"The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents. Rent for single-family homes surged by more than 10% in the 12 months, through September. The fastest annual rent inflation in 16 years."

"And nearly 77% purchased were bought in an all-cash transaction," Glenn added. "That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods. They are the people that come in, and say, 'I'll give you $70,000 over the asking price.' ... Now, why would investment firms think they will just be able to make money paying $70,000 over the asking price? What is it that they know, that you don't know? Could they know, as the Great Reset states, that by 2030, you will own nothing and you'll like it?"

Watch the video clip below to hear Glenn offer his thoughts on how you can solve the Great Reset's housing crisis:


Want more from Glenn Beck?

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" Wednesday, Glenn Beck exposes the radical plan to flip the United States from capitalism to socialism and into a lawless nation. It's an old strategy that mirrors a communist Cold War playbook. The goal now, as it was then, is this: How do they get a revolution without all that civil war stuff? It’s a five-step plan, and we're deep into several of the main steps RIGHT NOW.

Our justice system has been infiltrated by woke leftists, and something called "the progressive prosecutor movement" is methodically transforming Main Street USA into Main Street Gotham City. We can see it all over the country in places like San Francisco, with the Waukesha massacre as a terrifying glimpse into more of what's coming. And the media? They're currently running interference in one of the largest misinformation operations in history.

It’s happening at the city, state, AND federal levels. And President Trump might be one of the biggest victims of them all, a fact that even Trump critic Joe Rogan has realized on the Russia collusion hoax: “No one is being held accountable!” That ends now, as Glenn calls on Americans to push back on the lies that keep us divided in a cold civil war.

Watch the full episode below:

Want more from Glenn Beck?

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.

A "one-world government" is being formed right now and it’s called the Great Reset, Glenn Beck said on the radio program Monday. And now, rebuild plans for the fire-damaged Notre Dame Cathedral hint at the formation of a global church, too.

In this clip, Glenn detailed plans for the iconic, 850-year-old church’s "woke" renovations that sound more like a 'politically correct Disneyland' complete with a "discovery trail," "emotional spaces," and 14 themed chapels.

"Notre Dame is now being built back better as a 'woke theme park' dedicated to environmentalism and social justice," Glenn explained.

"There will be several different chapels within, [for example] a chapel for social justice, and then chapel for environmental justice," he continued. "Which leads me to this point. The 'one-world government' is being formed, right now. One-world government. It is being formed and it's called The Great Reset."

Glenn went on to predict that one of the first steps in the direction of a one-world government will be a push for a global religion.

"I think we're seeing the first church now being dedicated to the new global religion — and it is social justice, environmental justice, and all this gobbledygook. We all know, it's not just wrong, it is dangerous. That's the first church, the cathedral of Notre Dame, in France, is the first global church. Mark my words. Christian, Jews, Muslims ... this global church will bring darkness unlike you've ever seen."

Watch the video clip from "The Glenn Beck Program" below:

Want more from Glenn Beck?

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.

The Omicron COVID-19 variant: Should we ACTUALLY panic?

Photo by OLI SCARFF/AFP via Getty Images

As the new Omicron variant of the coronavirus approaches, it seems like those in power want everyone to be terrified, Glenn Beck argued on the radio program Monday.

The chair of the World Medical Association's Council, Frank Ulrich Montgomery, is already comparing the variant to Ebola and New York Gov. Kathy Hochul (D) has declared a state of emergency, despite the doctor who announced its discovery describing the new variant's symptoms as "unusual, but mild." So, should we really be worried or not?

In this clip, Glenn and producer Stu Burguiere reviewed what we know about the Omicron variant so far and gave a few reasons why we should wait for more information before succumbing to panic.

Note: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-related questions & concerns.

Want more from Glenn Beck?

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.