Glenn Beck: Bailout opposition growing


Senator Jim DeMint of South Carolina

GLENN: A voice that we have grown to trust on this program from South Carolina, U.S. Senator Jim DeMint is with us now. Senator, you said, and I quote, it is a sad fact that Americans can no longer trust the economic information that they are getting from this administration.

SENATOR DeMINT: You are exactly right, Glenn. We've heard all year long that we've got a crisis. And first it was $150 billion to send checks to every American. That didn't work. Then we needed $300 billion to bail out some mortgage bankers. That didn't work. Then they wanted to blame for Fannie Mae but promised they wouldn't use it. They did use it. And now they want nearly a trillion dollars to put a Band Aid on this to get us past the next election.

GLENN: I believe Paulson lied to you, I think it was Paulson lied to you yesterday when he said this is the maximum of $700 billion that we want and we won't use a dollar more, and I don't believe for this to work, it's going to take $2 trillion. There's just no way this is $700 billion, no way.

SENATOR DeMINT: I mean, this, even at $700 billion, that's $10,000 for every American family and the folks who don't think they will have to pay it, they will because the value of our dollar and what we can buy with it is going to continue to decline because this country has so much debt and other countries are losing confidence in our ability to pay it back. So I think any good this thing might do in the short term is going to be wiped out by long term problems.

GLENN: When you say you can't trust this administration, the information that is coming out there, do you believe, Senator you know, I don't want to put you on the spot. Here's what I believe and you tell me and you take it from there. I believe that we are in a catastrophe mode that last week we were on the eve of October 1929, massive, massive failure of our system. I believe this is not really even designed to work. It is designed to slowly collapse this system as opposed to having the plane fall right out of the sky. Do you have a sunnier version of that?

SENATOR DeMINT: Well, I think the truth is no one really knows. I mean, clearly we've got a lot of bad mortgages that have been guaranteed by the government, spread throughout our financial system, and there will be a credit crunch. There's going to be a tightening of credit. And the thought is that we throw all this money into the system that credit will be loosened up, but that's going to take a while to do. And if basically we're socializing our economic system.

GLENN: Right.

SENATOR DeMINT: No one should be fooled by this at all. And once if government gets into something, it never gets out. We're basically selling out our free enterprise system here. And for my part, I can't see how we can ask men and women to go around the world, fight and die for freedom when we're going to sell it out here. I mean, under the guise of trying to stop a recession. The real frustrating thing, Glenn, is there are some things that we could do to make the free market work better. I mean, we could lower our corporate tax rate. We know we need to do that. We could eliminate the capital gains tax. We could fix Sarbanes Oxley that's chasing capital offshore.

GLENN: Yes.

SENATOR DeMINT: We could open up our own energy and stop sending our money overseas. These things are obvious but we don't do anything to help the economy work but we're looking at doing nearly a trillion dollars as a down payment. Like you said, I think it's just a down payment.

GLENN: Okay. Senator, I have been against every single one of these bailouts. This one I have said that I am for because I believe it is slow down catastrophe. However, there are caveats to that. Congress is taking this thing and I mean, introducing judges to be able to negotiate your renegotiate your interest level and your mortgage payments and everything else. And then the other disturbing thing that I'm starting to hear, I heard a lot of talk about it yesterday in the United Nations and everything else. United Nations is now saying to stem this, we must have one global financial system. You have China saying we need one global currency. You're starting to hear these things, making me believe that there's a lot of people in this that would certainly love to design a global financial system. Is that just talk of a raving madman?

SENATOR DeMINT: No. I mean, the government can't get in it without trying to manage the whole thing. I mean, we've seen that in education, we're seeing it in healthcare. You've seen what they've done in the whole energy business. And once they get into the credit market, they are not only going to be talking about CEO compensation, what the interest rates are, who can get a loan, who can't get a loan, and that's how this whole problem started is we wanted everyone to have a house whether they could afford it or not. We've created easy credit, government backed loans and we are bringing down our financial market.

GLENN: Senator, I have 20 seconds here. Can I hold you past the break or do you have another you've got to cut and run?

SENATOR DeMINT: No, I can wait another five, seven how long will you be?

GLENN: Just a couple minutes and then we'll continue after the break and we'll continue our conversation because I'd like you to spell out in the most pithy way exactly why Americans should be against this or for it. You are obviously against it. Why they should be against it and what they can do to make sure the people in congress hear their voice, coming up.

(OUT 9:30)

GLENN: We're talking about this bailout package and as I have told you before, I am for the bailout package, however that is getting weaker and weaker as the days go on because it is getting more and more caveats and it is becoming worse and worse. Congress does exactly what congress always does. They have not sensed what is really coming around the corner and they are trying to load it up with special interests and making sure they take care of all their boys and making sure that they score political points. And also there's the other side of growing cries of socialism and one world government, one world control of the financial system here in the last week and that should make the hair stand on the back of your head. So we go back to Senator DeMint now.

Tell me exactly what you think the worst case or the worst point of this bailout bill is.

SENATOR DeMINT: It will increase our national debt to the point where our dollar will begin to lose confidence around the world, which means our dollar will be worth a fraction of what it is today. And we're already in a position where we can't pay our debts. This just pushes us over the cliffs in my mind. And I think the second part of that is there's no example in our history of a government actually taking something over and running it well. It's ruined our education system, it's ruined our healthcare system, our transportation system. And the financial markets are the most complex and dynamic part of our economy. The government cannot come in and buy it. And just as you were starting to explain before the break is once they get into it, then you start looking at globalization of rules, the United Nations involved with what we're doing here because these bad mortgages are all over the world now. They've been sold with government guarantees all over the country as part of our debt package. And these other countries are demanding we make them good. So this government's dug a big hole for us and we can't get out without some pain. But I think we can get out of this because I really do believe that the American people and our economic structure will work if we just take the burden of bad government, overtaxation, regulation off of it and that is something we could do in a week if we were willing to do it.

GLENN: Senator, what can the average person do? Just call the Senate and call the House and say absolutely no bailout, and will people actually listen to the American people?

SENATOR DeMINT: They will. I mean, there were only a few of us trying to stop the immigration bill and millions of Americans called and e mailed and wrote. The same thing with earmarks. We're almost going to we're close to winning that battle because people have gotten angry and engaged. We're going to lift the moratorium on drilling because people got angry. And after they heard the truth from you and others around the country. If they e mail and call and they show their anger to their congressmen and senators and they don't settle for this double speak of, "Oh, well, we have to do it but we're going to protect the taxpayer," that's a bunch of baloney. Once the government gets into this business, I mean, we have socialized our economy. So the anger of the American people is what's needed now and we could win if people call in. Everyone listening to your show today, if they called, I guarantee you the Democrats would back off of this thing and leave the President to hold it.

GLENN: All right. Senator, I sure appreciate all of your hard work and we would love to have you back in the coming base and update us on that.

On Monday's episode of "The Glenn Beck Radio Program," Glenn opened up about the tragic death of his brother-in-law, Vincent Colonna Jr., who passed away unexpectedly on April 5. He also shared some of the important thoughts and insights he's learned through the grieving process.

"Last Monday, I was sitting in this chair ... the two-minute warning comes and Stu said to me, 'You ready for the show?'' ... And that's when my wife [Tania] came to the door of the studio here at our house and said, 'I...' and she held the phone up. And then she collapsed on the floor in tears," Glenn began. "Tania's brother had passed. To say this was a shock, is an understatement."

Glenn described his brother-in-law as having "a servant's spirit."

"He was always the guy who lit up the room. He was always the guy helping others. He would never stop, because he was always helping others," Glenn said of Vincent. "He was on the school board. He was a little league coach. He was the soccer coach. He helped build the church. He took care of the lawn of the church. He was constantly doing things, raising money for charity, working over here, helping to organize this. But he was never the guy in the spotlight. He was just the guy doing it, and you had no idea how much he had done because he never talked about it.

"We also didn't know how much mental anguish he was in because he never talked about it. And last Monday morning, after spending Easter with the family ... he killed himself. This is now the third family member of mine that has gone through this. And I keep seeing it play out over and over and over again, in exactly the same way."

Glenn described his thoughts as he, Tania, and her family struggled to come to grips with the devastating loss.

"I learned some really important things as I was watching this wake. I'm seeing these people from all walks of life ... the people that were there, were there because [Vince] made a difference in their life. He was a true servant. As I'm watching this, all that kept going through my mind was, 'by their fruits, ye shall know them.' The fruits of his labor were on display. He was a servant all the time. All the time ... he found a way to love everybody.

"There are two great commandments: Love God with all your heart and mind and soul. And love your neighbor. So those two great commandments boil down to: Love truth. Because that's what God is," Glenn said.

"Love thy neighbor. That's where joy comes from. The opposite of joy is despair, and that is the complete absence of hope ... and how do you find joy? You find joy by rooting yourself in the truth. Even if that's a truth you don't want to accept. Accept the truth," he added. "But we have to stop saying that there's nothing we can do. What are we going to do? Well, here's the first thing: stop living a lie."

Watch the video clip below to hear more from Glenn:


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After imprisoning a pastor for refusing to follow COVID-19 restrictions, Canadian officials barricaded his church. And when some church members retaliated by tearing down part of the fence, Canadian Mounties arrived in riot gear.

Rebel News Founder Ezra Levant joined Glenn Beck on the radio program to give his insight on the crazy situation. He described the new, armed police presence surrounding GraceLife Church in Edmonton, Alberta, and how it not only encouraged hundreds of protesters to stand with the church in support but forced congregation members underground to worship as well.

What's happening is eerily similar to what occurs everyday in China, Levant says, and it must stop. Who would have thought this type of tyranny would be so close to home?

Watch the video below to hear Ezra describe the religious persecution taking place in Canada.


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.

Enough prayers? Why is supposed Catholic Joe Biden suggesting that Congress ought to stop praying for after someone commits acts of gun violence?

On Friday, Stu Burguiere and Pat Gray filled in for Glenn and discussed President Joe Biden's remarks during his speech on gun control. "Enough prayers. Time for some action," Biden said. Stu and Pat were surprised how dismissive Biden appeared to be on the idea of prayer.

Watch the clip to hear more. Can't watch? Download the podcast here.

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.

Just days after Canadian pastor James Coates was released from prison for refusing to bow to COVID-19 lockdown restrictions, several police officers showed up at another church to ensure restrictions were being followed. But Polish pastor Artur Pawlowski of the Cave of Adullam Church in Alberta, Canada, knew his rights, telling the cops not to come back until they had a warrant in hand.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere played a video of the interaction.

"Please get out. Please get out of this property immediately. Get out!" Pawlowski can be heard yelling at the six officers who entered his church.

"Out! Out! Out! Get out of this property immediately until you come back with a warrant," he continued. "Go out and don't come back. I don't want to talk to you. You Nazis, Gestapo is not allowed here! ... Nazis are not welcome here! Do not come back you Nazi psychopaths. Unbelievable sick, evil people. Intimidating people in a church during the Passover! You Gestapo, Nazi, communist fascists! Don't you dare come back here!"

Watch this clip to see the heated exchange:

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.