Glenn Beck: The truth on Barack Obama

Below is a partial transcript of the full hour that Glenn spent on radio with author David Freddoso. Insiders can listen to the full interview here.

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The Case Against Barack Obama

Related Transcript



Strong case against Obama

GLENN: From Radio City in Midtown Manhattan. Hello, you sick twisted freak. Glad you're here. David Freddoso is the author of a wildly controversial book about Barack Obama because he tries to lay out the truth behind Barack Obama. The reason why I've had David on the program before is because Barack Obama's people in Chicago have tried to shut down any appearance he's had on WGN radio with threats and pickets and everything else and you know what, this is America. I have told you before, I will tell you, I will never say the things I do not believe. I'm trying to remember that book. Anyway, there are some things that I will not say. Even if I believe them, I will just not say them because they are just not worth saying. But I will never lie to you. You might look during this period and see on this program that there are some people that have been suspiciously missing from this program that have run the gamut on all kinds of shows. It is because I don't think that that person has done their homework enough for an hour to be able for me to feel comfortable that, yes, this is accurate. David Freddoso is a guy who has done his homework on Barack Obama and I believe he doesn't have an axe to grind on this. He is looking for the truth and he would report the truth as he found it, not try to spin the facts. And that's why we've had him on now for an hour and now a second hour, and I wanted to talk to him right away.

David, can we start with the economy with Barack Obama and the difference of what Barack Obama sees in the economy. How is he different than the politics of old as he calls them, the politics of failed policy?

FREDDOSO: Well, I would say and thanks for having me again, Glenn.

GLENN: Sure.

FREDDOSO: I would say that he, on economics he has rose from a typical populist anti free trade sort of position in a higher tax position that pretty much ignores the incentives involved in government tax policy. As you know, when you raise marginal tax rates, you are basically making it more difficult for small businesses. You are creating extra expenses for them and that means that wages tend to go up more slowly and perhaps even people get laid off if you have a major shift upward in the upper marginal rates. Because the people who hire other people are the ones making the large income. That is part of Obama's tax policy is to raise the top marginal rates.

GLENN: Okay, now wait a minute. Hang on just a second.

FREDDOSO: Yes.

GLENN: A lot of people don't understand, and I know you just explained. A lot of people don't understand that this is bad. Have you and I know this is past when your book came out but can you document here at all on how Barack Obama has changed his position?

FREDDOSO: Yes.

GLENN: on that top marginal rate.

FREDDOSO: Well, you know, he even he went on Stephanopoulos just a couple of weekends ago and when asked about if we go into a recession, would you raise taxes and his answer was, well, maybe not if we go into a recession. So he's already implying here that he understands raising taxes hurts people but he is willing to do it anyway as long as we're not in a recession already.

GLENN: And he's doing it for a reason of what he calls basic fairness.

FREDDOSO: Yes.

GLENN: Do you remember when he was go ahead.

FREDDOSO: Of course, you are referring to when he was asked by Charlie Gibson, I believe, about the capital gains tax, and he wants to raise the capital gains tax. He said he wants it to go up to maybe 28%. Right now it's 15%. When you raise the capital gains tax, historically revenues go down because people engage in fewer transactions when the marginal when the capital gains rate is high. So in fact, every time that rate has been cut, the government revenues have increased and so Charlie Gibson asked him, well, if raising this tax doesn't actually raise more money for the government, why are you going to do it. And Obama's answer was fairness. So now we have a government I mean, and this is you could say this is a great indicator of socialism. You have the government trying to make the economy more fair by hurting some people and not helping the others. It's a kind of laughable situation you could say.

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.