Glenn Beck - Senator DeMint: 'Very much against' the bailout


Senator Jim DeMint of South Carolina

GLENN: Senator DeMint from Washington, D.C. Last week I talked to you, Senator, you were against the bailout. I was for a bailout but I am certainly not for this one. Have we switched places?

SENATOR DeMINT: Well, no, I am very much against it. It's curious if you look at really what happened. You know, Paulson introduced a plan and then congress added a whole lot of boogiemen to it, or bad things, and now they've come back and taken out a lot of the boogiemen in saying we've accomplished something and that it's better. The fact is it's pretty much the Paulson plan, yet it's a little bit worse because it not only allows Paulson to go out and buy mortgage assets but any assets he deems necessary.

GLENN: How about this one. Section 103, the Treasury can buy from counties and cities that may have suffered significant loss or markets in turmoil. Protecting the retirement security of Americans by purchasing troubled assets held by or on behalf of an eligible retirement plan. This means the secretary of the treasury suddenly can now buy retirement plans.

SENATOR DeMINT: Exactly. A lot of these pension funds and retirement plans for, you know, state employees as well as for individuals contained these securitized mortgages which have lost value. I mean, this is, you know, a rabbit hole we'll be going down for decades trying to chase down any asset that's lost value. This is just an incredible power grab by the federal government. You know, we've created the problem by our own bad policy and now we've created a panic by our irresponsible rhetoric and our promises to fix it, and

GLENN: Look. Hang on just a second, Senator. The irresponsible rhetoric, I have not heard irresponsible rhetoric because I haven't heard I have yet to hear someone step up and say, "America, don't talk to me about recession. America, we are headed toward 1929 economic crash, quite possibly some of the worst stuff that we've ever seen, and this bailout, it will make it right and we won't have that." I have not heard anyone say that. I haven't even they are still talking, some people are saying, "Well, it might be a very deep recession." What?

SENATOR DeMINT: It is being said here and whether or not it's being reported in the news or not but they are trying to say this would be even worse than the Great Depression if we don't do this. And then there are people who are saying if we do this, it could make it even worse.

GLENN: Right.

SENATOR DeMINT: That the market needs to correct and if we try to inject ourselves in some kind of central planning model, we're likely to make it much, much worse. And the problem running alongside this, Glenn, is we've got such a huge national debt that companies like Goldman Sachs and others have been involved with actually helping to buy our debt and sell it to other countries and this is just kind of an insidious model here. If we are not able to borrow money here as a country, we default on our loans very quickly because we're in debt and we're creating more debt. And so that's our big problem. If we could get on a pathway to balance the budget here as a country and begin over 50 years to start paying down our debt, it would create a whole lot of faith in our dollar. But right now the value of the dollar's going to continue to drop because I think countries are seeing we're not able to pay our debt.

GLENN: Senator, have you ever seen more public involvement on the phone and the switch boards before?

SENATOR DeMINT: No. I didn't think we could ever top the illegal immigration/amnesty debate but last year we got over 1,000 calls, it was 9 1 against the bailout. I think the ones were the bankers. But a lot of bankers don't want to do this. They know it will get the Feds in their business. BB&T has said don't do this. They have had kind of a responsible loan policy and they know that this is bringing the federal government into a business that in effect they'll be having to compete with the federal government.

GLENN: So how are we even and I understand that we're a republic and not a democracy and this is exactly what we hire you guys for.

SENATOR DeMINT: Right.

GLENN: To represent us, and I know you can go against public opinion, but I have to tell you, Senator, have you heard anyone on Capitol Hill say "If I vote for this at 9 1 against the American people and these things that we're predicting happen after we've done this program, I'm a dead man. I mean, I can't go back to the people and say, hey, I need one more handout."


SENATOR DeMINT: Yes.

GLENN: And that's what's going to happen.

SENATOR DeMINT: It is because they are not even telling us this is going to fix the problem.

GLENN: Thank you, thank you.

SENATOR DeMINT: And the problem I have is we're not telling Americans the truth about why this happened and that it was really bad policy over many years and it was the intrusion of the government into the private markets that caused the failure. The private markets have not failed us. And it's not like we've learned from our mistakes and we're saying we're going to fix the things that caused the problem and we're going to implement some real good free market principles of lower taxes and get rid of Sarbanes Oxley and fix some accounting things that are hurt, but we're not doing any of that, Glenn. All we're doing is this trillion dollar Band Aid and

GLENN: You are going to have I mean, Newt Gingrich said to me today if he were in the House, he would vote for it only because he couldn't sleep at night knowing he could do everything he could. And I said, but you are dismantling the free market system with this bill. You can't dismantle the free market system. That's what he even said, before the election three or four times more the government will have to come and bail people out. The people will go crazy if that happens.

SENATOR DeMINT: Yeah, we're going to have some pain regardless because of years of just bad policy. I mean, you can just the thing that's the plainest is like our energy policy. I mean, we've starved ourselves of energy. We're sending $700 billion of our dollars overseas every year. We're paying through the nose. It's just sucking the life out of our economy. But we still won't fix it, for heaven sake.

GLENN: No, Senator, no, Senator, please pass this on to all of your friends because I you know what? I said this about the economy a year and a half ago I was talking about, and I said the Great Depression could be around the corner; look out, this is unstable. Nobody would listen. A year and a half ago I started saying something else: Politicians, please, I'm begging of you, you are read the Declaration of Independence. This is the way the American people feel. And if these guys go and are not clear with the American people and they do this bailout against our wishes, when you have to come a second and a third or a fourth time, the people will not stand for it. We are at a breaking point. A breaking point, Senator. And not me. I am so afraid of what some people in this country are willing to do because they feel they have been betrayed.

SENATOR DeMINT: Well, I really do think this government has betrayed the people and, you know, we swear an oath to the Constitution and there is no respect for the constitutional boundaries of the things we spend money on, of local projects. I mean, these things are not in the Constitution, and the Constitution certainly does not give the government the ability to go in and buy parts of businesses. And so it's like we're setting aside our Constitution and our free market principles in order to get through this crisis, and everyone's saying we've got to do something. We're not willing to do the right things. So we've got to do this thing because it's something. And, you know and then they are saying, well, if you don't do this wrong thing, it's going to just be terrible. So it's just a dysfunctional congress that has caused the problem, now says they are going to solve it. You know, and people like I mean, I don't know what to do except I'm going to say you guys don't know what you're doing, you haven't been right this year and I'm going to go with the free market system and vote against this thing and I hope the American people will show their anger at election day.

GLENN: If I may, you could quote, I believe he was a senator. If not, he was in the House. You should quote Daniel Boone: You can all go to hell. I'm going to Texas. I mean, it is, it is a place here in our capitol building and in our White House and all throughout Washington where they are disconnected from the people, and real people are going to be hurt with this or without this, and the people who have poisoned the system are now telling us they can heal us.

SENATOR DeMINT: Right. And they are blaming our free enterprise system for this.

GLENN: Yes.

SENATOR DeMINT: And that's the biggest casualty of all of this is that people are going to come away thinking our markets have failed, that the free enterprise system doesn't work, capitalism is not the right model. And they did the same thing after the Great Depression. And we know, Milton Friedman knew that that was caused by bad the Federal Reserve bad monetary policy, meaning he proved it very well in my mind.

GLENN: Right.

SENATOR DeMINT: But Roosevelt used that as a way to intrude the government into all areas of our life. And the same thing's happening again right now.

GLENN: Exactly right. And that's what caused, that's what caused the Great Depression to last for ten years was nobody could trust that the government wasn't going to just change the rules and get involved. It's a decade mess we're creating. Senator, is this going to pass?

SENATOR DeMINT: Yes, I think it's going to pass easily. And they are trying to

GLENN: Easily?

SENATOR DeMINT: They are trying to choreograph it to cover people so that they can get an equal number of Republicans and Democrats so that no one can be blamed.

GLENN: How dare whoever is who is responsible for this?

SENATOR DeMINT: Well, it's primarily coming from the administration, but they have so frightened the leadership and congress and frankly I think the Democrats are chomping at the bit over this. They have wanted to get their tentacles into Wall Street and the financial markets. They feel like capitalism is out of control. So what has happened is Bush feels like we have to do something. The Democrats are seeing this as a way to leverage a lot of their regulations and control and ownership frankly of the American economy and so they're going to help Bush if he helps them, and it's the same thing that happened on prescription drugs for Medicare, same thing that happened on No Child Left Behind. Bush is working with the Democrats.

GLENN: This is an abomination.

SENATOR DeMINT: It is.

GLENN: This is a betrayal of the this is why in 2004, if you were a listener of this program, I said get the hell away from these Republicans. You vote for the individual, not for the party. These Republicans, please, call your Republicans and say do not vote for the please do not vote for this. Don't disenfranchise me even more.

SENATOR DeMINT: Those calls, Glenn, are so helpful. That's why I've been on as many radio and TV shows as I can be on is just to get people to call and show their anger. It's the way we brought down the big amnesty bill. There were only five senators against that when we started. But it was you and others, people saying, hey, this is not the right way to do this. I mean, we need to have a rule of law system and control our borders, and the people were heard. And they have been heard on this energy issue. We were able to usher in energy freedom day and let the bands expire because we stirred up anger.

GLENN: But you know and I know that nobody's going to invest until they again nobody is going to invest in those oil wells and start to move forward on that until they know the next congress and the next President isn't going to change the rules on them.

SENATOR DeMINT: You are exactly right. Democrats are already talking about reinstating the moratorium.

GLENN: Sure they are.

SENATOR DeMINT: So this has got to be a movement of the people because this is a huge drag on our economy that the whole energy situation's hurting every American. The bad policies up here are incredible. I mean, I'm just pulling my hair out that in the middle of this crisis I mean, we passed more pork spending last week than in history.

GLENN: Excuse me?

SENATOR DeMINT: Yes. I mean, this was, the dollars, over $20 billion between the spending bills and the military authorization, more and we were supposed to cut them in half and Bush wasn't going to sign any bill, and we just have forgotten about that and so we're saying the world is in a financial panic, yet we're spending like there's no tomorrow here. It's just shameless. And they don't think the American people can figure this out.

GLENN: You know what, the American people are busy. We're busy working hard. Most Americans are not following it but I'm telling you, Senator, and this is what you need to tell your friends up on Capitol Hill well, not your friends. I have a feeling that your friends

SENATOR DeMINT: Former friends.

GLENN: Yeah, you need to tell the people up on Capitol Hill, the American people may not know exactly what's going on, but Republican, Democrat, independent in their gut, they know something's very, very wrong and they're not they know that the leadership on both sides are not telling them the truth at best and lying to them at worst. And when that gut catches up to their pocketbook, there's real hell to pay, real hell to pay.

SENATOR DeMINT: I think you are right. Americans are starting to see through the double speak here that, you know, they've told us for years, "Well, we don't have to drill for oil but we're going to have cheap energy." You know, they told us things that can't be.

GLENN: Yeah.

SENATOR DeMINT: And my hope is in the anger and involvement of the American people at this point, that's the only I mean, but we shouldn't kid ourselves. If we don't pass this bill, we're going to have pain.

GLENN: Yes.

SENATOR DeMINT: And economic difficulty. If we do pass this bill, we're going to have pain and economic difficulty.

GLENN: Senator, will you be clear on the pain? Because I've talked to people who have been working side by side with Paulson, I have talked to people at the highest levels, all off record. Will someone please tell the American people the truth that whether we pass it, whether we don't pass it, there is a good possibility we are looking at 1929 style Depression.

SENATOR DeMINT: Yeah. I hope we're not looking at that, Glenn, and actually the frustrating thing is we do have good fundamentals in our economy, but the credit markets and the financial part has been so misplayed by our government and we've messed things up, we've taken the risk out of capitalism and insulated people from bad decisions and we've hurt ourselves. And we've got to fix that. But I just don't think Treasury can fix it, I don't think $700 billion's going to fix it and I think we need to basically send a signal out there is we've got to fix this ourselves, we've got to encourage local banks to loan money. We could fix some accounting rules that would make it easier for them without spending a dime of taxpayer money, but we won't do that. So I think the anger has got to precede any positive development.

GLENN: Senator, we hope to check in with you again, if you have time, we'd like to check in with you again and get a progress update.

SENATOR DeMINT: Sounds like I'm going to be here for a while.

GLENN: Appreciate it. Bye bye.

For the first time in the history of "The Glenn Beck Program," former President Donald Trump joined Glenn to give his take on America's direction under President Joe Biden compared to his own administration. He explained why Biden's horrific Afghanistan withdrawal was "not even a little bit" like his plan, and why he thinks it was "the most embarrassing event in the history of our country."

Plus, the former president gave his opinion on China's potential takeover of Bagram Air Base, the Pakistani Prime Minister, and Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff.

Glenn asked President Trump how similar the Biden administration's withdrawal from Afghanistan was to his administration's plan.

"Not even a little bit," Trump answered. "We had a great plan, but it was a very tenuous plan. It was based on many conditions. For instance, you can't kill American soldiers. ... You have to understand, I did want to get out. But I wanted to get out with dignity, and I wanted to take our equipment out. And I didn't want soldiers killed. ... What [Biden] did was just indefensible. He took the military out first and he left all the people. And then we became beggars to get the people out. I had a plan to get them out very quickly. But first, the Americans would go out."

Trump told Glenn that his plan included maintaining Bagram Air Base and explained why he would not have left "a single nail" behind in Afghanistan for the Taliban to seize.

"We were going to keep Bagram open," he explained. "We were never going to close that because, frankly, Bagram is more about China than it is about Afghanistan. It was practically on the other border of China. And now we've lost that. And you know who is taking it over? China is taking it over. We spend $10 billion to build that base. It's got the longest, most powerful runways in the world. And China has now got its representatives there and it looks like they'll take it over. Glenn, it's not believable what's happened. You know, they have Apache helicopters. These are really expensive weapons, and they have 28 of them. And they're brand-new. The latest model."

Glenn mentioned recent reports that Gen. Milley, America's top military officer, made "secret phone calls" to his counterpart in China while President Trump was in office.

"I learned early on that he was a dope," Trump said of Gen. Milley. "He made a statement to me — and I guarantee that's what happened to Biden — because I said, 'We're getting out of Afghanistan. We have to do it.' And I said, 'I want every nail. I want every screw. I want every bolt. I want every plane. I want every tank. I want it all out, down to the nails, screws, bolts ... I want every single thing. And he said, 'Sir, it's cheaper to leave it than it is to bring it.'

"The airplane might have cost $40 million, $50 million ... millions and millions of dollars. So, you think it's cheaper to leave it than to have 200 pilots fly over and fly all the equipment out? ... I said, you've got to be nuts. I mean, give me a tank of gas and a pilot and I just picked up a $40 million-dollar airplane. It was amazing. So, I learned early that this guy is a dope. But what he did, is he hurt our country ... and he shouldn't have been allowed to do it. And bad things should happen to him."

Watch the video clip below to catch more of the conversation or find the full interview on BlazeTV:


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In a shocking but underreported conversation ahead of the G7 Speakers' meeting in London last week, Democratic House Speaker Nancy Pelosi admitted that the administration knows China is committing "genocide" against the Uyghurs in the Xinjiang region, but thinks working with the regime on climate change is more important.

On the radio program, an outraged Glenn Beck dissected Pelosi's speech and broke down how — along with the Biden administration's abandonment of Americans in Afghanistan, and the Democrat decision to follow measures of medical "equity" — the far left is revealing how little they really care about human life.

Glenn played a video clip of Pelosi making the following statement:

We've always felt connected to China, but with their military aggression in the South China Sea, with their continuation of genocide with the Uyghurs in Xinjiang province there, with their violation of the cultural, linguistic, religious priority of Tibet, with their suppression of democracy in Hong Kong and other parts of China, as well – they're just getting worse in terms of suppression, and freedom of speech. So, human rights, security, economically [sic].

Having said all of that ... we have to work together on climate. Climate is an overriding issue and China is the leading emitter in the world, the U.S. too and developed world too, but we must work together.

"We have Nancy Pelosi admitting the United States of America knows that they're not only committing [genocide], they're continuing to commit it. Which means, we've known for a while," Glenn noted. "And what does she say? She goes on to say, yes, they're committing genocide against the Uyghurs, but having said that, I'm quoting, 'the overriding issue,' is working together on climate change.

"Would we have worked with Hitler on climate change? Would we have worked with Hitler on developing the bomb? Would we have worked with Hitler on developing the Autobahn? Would we have worked with Hitler on his socialized medicine? Would we have worked with Hitler on any of his national, socialist ideas?" he asked.

"The answer is no. No. When you're committing genocide, no! She said 'we have to work together on climate,' because climate is the 'overriding issue.' The overriding issue? There is no way to describe this mindset. That, yes, they are killing an entire group of people because of their ethnicity or religion. They are systematically rounding them up, using them for slave labor, and killing them, using their organs and selling them on the open market. They are nothing more than cattle. For us to recognize it and do nothing about it is bad enough. But to say, 'we recognize it, but we have bigger things to talk to them about,' is a horror show."

Glenn went on to urge Americans to "stand up together in love, peace, and harmony," or risk watching our nation become the worst plague on human life yet.

Watch the video clip below to hear more from Glenn:


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The fall of Lehman Brothers in 2008 marked the largest bankruptcy filing in U.S. history and economic collapse was felt throughout the world. But now China's own version of Lehman Brothers, Evergrande, is teetering closer and closer to that edge, too. On the radio program Thursday, Glenn Beck gave the latest update and predicted how it will affect Asian markets and what it could mean for America's economy.

Glenn explained why he believes a major collapse that is happening now in China will have a cascading effect into a "controlled collapse," a managed decline that will dramatically change America's economy and the way we all live.

"You will not recognize your lifestyle. Hear me," Glenn warned. "And that's not a right-left thing. That's a right-wrong thing. We're on the wrong track. I'm telling you now, there's new information and you are not going to recognize the American lifestyle. ... It could happen tomorrow. It could happen in five years from now, but it will happen. We are headed for a very different country. One where you don't have the rights that you have. And you certainly don't have the economic privileges that Americans are used to."

"The same thing that happened in 2008 is now happening in China," Glenn continued. "This time, it's going to take everything down. When it collapses, it will take everything down."

Watch the video below to hear Glenn break down the details:

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Justin Haskins, editorial director of the Heartland Institute, joined Glenn Beck on the radio program to expose a shocking conversation between two Great Reset proponents — Klaus Schwab, chairman of the World Economic Forum, and Christine Lagarde, president of the European Central Bank (Europe's equivalent to the Fed).

The way Schwab and Lagarde discuss the role central banks should play in establishing societal norms, determining your way of life, and defending against potential crisis is proof that the Great Reset is upon us, Justin explained. And the scariest part is that they're not even trying to hide it. The entire, unbelievable conversation has been published on the WEF website, which you can read here.

Glenn read an excerpt from the conversation:

Christine Lagarde: At the ECB, we have now wrapped up and concluded our strategy review, which was the first one in 17 years. And I was blessed to have an entire Governing Council unanimously agree that the fight against climate change should be one of the considerations that we take when we determine monetary policy. So at least the European Central Bank is of the view that climate change is an important component in order to decide on monetary policy. ...

Can we arrive at that trade-off between fighting climate change, preserving biodiversity and yet securing enough growth to respond to legitimate demands of the population? And my first answer, Klaus, to be firm, is that to have a way of life, we need life. And in the medium term, we do have major threats on the horizon that could cause the death of hundreds of thousands of people. So we have to think life, first. We have to think way of life, second. ...

So we have to think life, first. We have to think way of life, second. How can we come together to make sure that we secure the first priority, which is life, and also protect the way of life that people have? And make sure that the cost of it is not so high for some people, that they just cannot tolerate it. I think that the trade-off that we reach will probably require some redistribution, because it is clear that the most exposed people, the less privileged people are those that are going to need some help.

"Do you understand, America, what that means?" Glenn exclaimed. "You have elites, that you never elected, that are having these meetings ... deciding what is a legitimate need for you. And telling you that your needs are going to go away in your lifetime. You may not see a time where you get wants again. Just your needs are going to be addressed. Am I reading this wrong?"

"This is absolutely what is being said here," Justin agreed. "She's very clear that we need to make sure that way of life is second to life. We have to save all these people, hundreds of thousands of people are going to die from this supposedly existential threat of climate change. And their wants, and their desires, and their quality of living, all of that has to come second."

"This is a central bank saying this. This is not an elected official, who is accountable directly to the people. This is a central bank saying, we're going to print money. We're going to use monetary policy, to impose these ideas, to rework society in order to accomplish our goals," Justin added, addressing Lagarde's call for "some redistribution."

Will Great Reset elites — not elected by the U.S. — soon be dictating to the rest of the world? Watch the video clip below to hear Glenn and Justin break it down:

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