Glenn Beck: Ramsey's bailout solution


Dave Ramsey

GLENN: Oh, yeah. Hello. Welcome to the program, from Rockefeller Plaza in Midtown Manhattan. Third most listened to show in all of America. My name is Glenn Beck. You know, my wife listens to Dave Ramsey every day. Every day, she never listens to my show. No, uh-uh. God help me if she ever did that. Every day I come home and she'll go, you should hear what Dave Ramsey says. Dave Ramsey says... (mumbling). So I thought, because my wife says Dave Ramsey is the king of the universe and, of course, he knows so much more than I know and blah, blah, blah, blah, blah, blah, blah, I thought I would get him on now and maybe you can solve it, O king of the universe, Dave Ramsey. How are you?

RAMSEY: Hey, man, how are you doing? Thanks for having me.

GLENN: So sick of hearing your name. I'm so sick of hearing, my wife every night.

RAMSEY: I don't know if it's any consolation at my house but it's the same way at my house. Mine never watches Fox Business Network, won't listen to me about money stuff.

GLENN: Yeah.

RAMSEY: And she says Glenn Beck says...

GLENN: What do you think about wife switching? I'm not into switching but, hey. You actually have a plan for a bailout. I can't wait to hear this. Go ahead. Because you know what? You know what America is? America is one of your callers. I listen to your show and I'm like, you've got to be kidding me. Because they are always like, "Oh, I bought a $14 million house and I've got $10 in the bank and I'd like to know if I should buy a new Maybach. And you're like, what! That's what America is.

RAMSEY: There's a certain percentage out there. I think me and Jenny Craig, we've got a long career ahead of us.

GLENN: Man alive. So what's your plan?

RAMSEY: Well, you know, you are hearing the same things I'm hearing and that is that 70 to 90% of Americans don't want us to go because of the Paulson peddled fear, $700 billion into debt. And we're heading headlong into it and yet there's a lot of people that are afraid right now. There's a spirit of fear over Washington and over New York as well. It's almost palatable. I was there where you guys are, walked right past Rockefeller, as a matter of fact. You know, because of that I think we're rushing to judgment here and I think we're about to pass very, very bad bill.

GLENN: Yes.

RAMSEY: And some of the greatest minds in America --

GLENN: Hang on just a second. Have you seen the new bill this morning that's being -- that's in the Senate?

RAMSEY: It's the size of a phone book and I've been on interviews all morning. So I haven't looked.

RAMSEY: It's pretty much the same but I think they added some tax benefits in it, et cetera, et cetera.

RAMSEY: Right. They put some window dressing, $250,000 on the FDIC, alternative minimum tax they are doing away with or something.

GLENN: You can still put lipstick on a pig.

RAMSEY: It's something they needed to do anyway. Lipstick is something we need. Pigs we don't.

GLENN: Yes.

RAMSEY: So, you know, there are other alternatives to give this market a powder, to give the stock market a volume and calm it down that are being talked


about by some of the better minds in America right now and some of the calmer ones.

GLENN: Let me ask you this before we get into this because I know you've got several -- I think you have, what, three or four, three things that you have. So before you get into that, I think you and I disagree fundamentally. You think this is fear, and fearmongering. I believe that we are, and have for quite some time, we are in deep, deep trouble just ahead. You don't believe that, do you?

RAMSEY: No. As a matter of fact, I'm very sure we're not.

GLENN: Okay. Well --

RAMSEY: The Great Depression is not --

GLENN: "You should listen to Dave Ramsey. You should listen to him. He's brilliant." Okay. So what are your solutions?

RAMSEY: Well, the bottom line is the Great Depression is not at our threshold. Now, I will agree with you on this. If we do not pass something out of congress, the market is having such a temper tantrum that we're probably going to have a pretty bloody winter and our 401(k)s and our Roth IRAs and my money and your money that's invested in the stock market's going to go down. I don't have any question about that. Are we going to go into the Great Depression? No. If Peter Schiff is the Yin, I'm the Yang. If he's a pessimist, I'm an optimist.

GLENN: Well, see, I don't necessarily agree with everything Peter Schiff says. What I do agree with is the Great Depression was not October 9th, 1929. The Great Depression really was in the 1930s, in 1933 when government started getting involved and saying we're going to do all these great things. Government is going to -- government is going to make this thing a Depression. Not the market.



RAMSEY: Well, that's a possibility. Not a Depression, but they could really cause a deep recession and could make this worse. And what you're dealing with there, you know, to go back, your observations are exactly correct because FDR --

GLENN: Hear that, Tania?

RAMSEY: FDR went to a guy named John Maynard Keynes to put together the New Deal and John Maynard Keynes, Keynesian economics, it was a socialist and he taught socialism and believed in socialism and so socialism was introduced to America as the New Deal. And the very crux of the New Deal was that. Now, did it cause us to revive? Yes, it did. But then we didn't do away with the Social Security system, we didn't do away with the TVA, the FHA, the VA, the Fannie Mae. We stayed in these businesses and they've all gotten progressively worse ever since. And so you're right that the roots of what we're dealing with today actually started in Keynesian economics back there and we see socialism continuing to creep through our culture. And Keynesian economics is taught, by the way, in college as truth.

GLENN: Yes.

RAMSEY: Versus Adam Smith which is free market as truth. So you've got to be a very wise business student today to stay a capitalist.


Anyway, what we're saying is what some of the best minds are saying is that we could insure these bonds rather than buy them all. Like FHA, we insure mortgages there, and we could do that for pennies on the dollar. The mark-to-market accounting thing has been talked about ad nauseam. As a matter of fact, last night the SEC, the Securities & Exchange Commission issued an accounting opinion loosening up the mark-to-market rules a lot. It was a good move.

GLENN: Wait a minute, wait a minute. I have -- maybe you can explain this one because I read that. They loosened it up but it's really kind of unclear. It's basically saying, "You, you get to decide what it's worth. You don't have to worry about the market. You get to decide what it's worth." And that doesn't, that doesn't do anything about its actual value. I mean, I know we have a mark-to-market problem and most people don't even -- let's just move on because this is really, this is C -- this is what you do on the business channel.

RAMSEY: It's for -- to stay very wonky, it's Tier 3 investments which are these bonds and they are the ones that have the least marketplace. They are the least liquid. So there's not a real market for them and it's very difficult to use the marketplace to establish a value. You've got to establish a value using some other methodologies and now they are allowing that. That's going to loosen things up.

GLENN: All right. Hold on just a second.

RAMSEY: If we did away with the capital gains tax, we would see a huge flood of money into the real estate market and we would see a healing in about a quarter like you've never seen before. Now, that's a political lightning rod because we can't have rich people making money. That's against the law. But, you know, it would be fun for one of these presidential candidates, maybe the one that's supposed to be a maverick, to actually bring some different ideas to the table and go against Washington and with 70 to 90% of the public, he might win the presidency, were he a real maverick.

GLENN: Right. But he's not going to.

RAMSEY: And he's going to lose.

GLENN: Hang on just a second. I need to run this disclaimer here.

VOICE: The host of this program is not Dave Ramsey, Jim Cramer, Neil Cavuto, Larry Kudlow or any other person who actually knows what they're talking about when it comes to picking stocks, identifying investment opportunities, saving money, cutting coupons or scratching lottery tickets. In fact, the only money-related advice that should be listened to from the host is how to quickly open and devour those little gold chocolate coins. Any losses incurred in the markets due to following the host's advice should be an indication of the intelligence of the investor and not an attack on the credibility of other financial professionals.

GLENN: I'm sorry. My attorney said I needed to play that now on this show.

RAMSEY: This is why we love your show. You're fabulous, man. I'm a huge fan.

GLENN: So the capital gains, let's just go through the odds of these. Any of these being listened to here, Dave. Because this is a plan, this is a plan that I actually would listen to and go, okay, wait a minute, I think I'm for this. Capital gains, not going to happen. Right?

RAMSEY: Not going to happen because the Democrats control congress. But you know what? If you stood up and said, okay, here's my plan, let's insure this stuff, let's do away with mark-to-market, let's go away with the capital gains tax, conservatives all over America that were cheering for Sarah Palin would line up behind the John McCain ticket.

GLENN: You are exactly right.

RAMSEY: He could point at the Democrats and he would become the next President.

GLENN: How about going a step further and saying all corporate income tax is reduced to 15% even if it's 10 -- even if it's for the next year, all corporate income tax is reduced. Because then you hit small businesses, which is 70% of business in America.

RAMSEY: Well, if we're building a bill to thumb our nose at the Democrats and not to get passed, I think you just keep piling that stuff on there.

GLENN: Okay, good. Well, those wouldn't be passed anyway.

RAMSEY: That's what I'm saying.

GLENN: That's what I'm saying.

RAMSEY: Not a snowball's chance. Let's have some fun.

GLENN: If you want to build a bill that will get passed, capital gains tax is not in, right?

RAMSEY: We have to make somebody king if it's the Democrats. So Paulson wanted to be king for 90 days before somebody else.

GLENN: See, that's another thing about this. Aren't you worried at all that Paulson has the right, in these bills, he has the right to just expand this? I mean, that's -- Dave, that's why I believe the Depression is coming. Not because we can't handle -- we can handle stuff, but there are other forces outside, there's Russia, there is the oil, there is Iran, there is all kinds of stuff out there that is breathing down our back. But beyond that you have things like Paulson just, hey, we can expand this any way we want.

RAMSEY: Well, and the problem is not Paulson. He is going to be gone in 90 days. The problem is who replaces him.

GLENN: Any idea who that might be?

RAMSEY: Well, it would be under the new Obama administration apparently.

GLENN: Does that frighten you?

RAMSEY: It terrifies me from a socialistic standpoint. I will tell you this, though, it frightened me when Bill Clinton was elected and I prospered in spite of it. I


cheered when George Bush was elected, and I prospered in spite of it. And, you know, as old as I'm getting and being a self-employed small business guy all my adult life, I have just figured out that really blessings and cursings coming out of Washington don't control my life. And I think that's one of the reasons this stuff, you know, we need to speak into public policy but at the end of the day I'm going to survive in spite of these clowns.

GLENN: I agree with that unless the government becomes so onerous that you can't get around it. And there's a possibility, if things would spiral out of control economically and you have somebody like Barack Obama in there who is a -- he's a Marxist. You could have a government that has gobbled so much stuff that, how are you going to get around it.

RAMSEY: Well, my only hope would be then that, you know, the folks of us out here that call ourselves fiscal conservatives or economic libertarians, there would be enough of us that woke up and believed in freedom to run them back out of office.

GLENN: I would love that.

RAMSEY: You know, and the problem is now I'm putting in a position where I'm going to be voting against Republican senators that vote for this because there's no way I'll ever back a candidate that votes for this mess. Republicans and Democrats alike. And you know the sad thing is Republican leadership, they are a bunch of wimps, man.

GLENN: They really are. They really are.

RAMSEY: They have not stepped up on this thing. Instead they are Bush's girl.

GLENN: Let me -- you know what, let me throw this out. I would like a bill that includes General Petraeus going in and fume gating Washington. I'd like General Petraeus to set up -- no, seriously set up a little court where, like, "Hey, Barney Frank, come here, sit down." Because they are looking for oversight. I don't trust any of these guys with oversight. I want somebody that I trust to have oversight of the overseers. You know what I mean? And I don't trust anybody in Washington.

RAMSEY: This is the problem. Every time somebody says you need to be accountable, I always go, well, who are you accountable to.

GLENN: Yeah, exactly right. Hang on. I guess we have some people on the phone that want to talk to you. Go ahead.

STU: Hi, Glenn? I try to call Dave Ramsey's show all the time and apparently he gets calls. So I was able to just get right through.

GLENN: So you are --

STU: What I wanted to say is I have three houses and my wife had a great job. Unfortunately she lost the job. So I bought the three houses with her job. Now


she was a volunteer, by the way. So I'm planning on my next Memorial Day party and I live on a lake and I want to buy a fleet of wave runners. Now, I make $12,000 a year. Should I finance it all, Dave, on convenience checks or is there another way?

GLENN: Dave, how --

RAMSEY: Payday lenders.

GLENN: How do you do it? I listen to -- listening to your show is like listening to Dr. Laura. People call Dr. Laura all the time and go, "Yeah, I've been whoring around for, like, the last four years. I have four children from four different fathers. Do you think I should go out Friday night? " How do you not just clobber some of these numbskulls?

RAMSEY: Well, because I'm a numbskull at heart. I got a Ph.D. in D-U-M-B and I just remember how much shame and guilt was in my spirit in those days and so I can return to their pain and help them try to draw out of that.

GLENN: Aye-yi-yi. Just, sometimes I wonder. Do you think the average person has any idea -- well, you disagree with where we are. I was going to say do you think the average person knows how much trouble we could be in here? But you disagree with me.

RAMSEY: You know, I think that Washington doesn't think -- I think there's a lot of arrogance and condescension coming out of our representatives on this. I think the average person does know that there's trouble and honestly believes that things like Home Depot and Microsoft and Coca-Cola and McDonald's are, you know -- to use a bad phrase these days -- fundamentally sound and are going to continue to make money, that this is a credit crisis and that all of those major national publicly traded corporations are not going to be worth zero anytime soon.

GLENN: Right, right. Okay. Dave, thanks a lot, man. I appreciate it.

RAMSEY: Well, I'm honored to be with you. Thank you for having me. Let's do it again.

GLENN: You say hi to your wife for me and I'll say hi to my wife for you. Thanks a lot. Appreciate it. Bye-bye, Dave. I swear to you my wife says that all the time. "You should listen to Dave Ramsey."

STU: I love listening to that show for that reason.

GLENN: Oh, people, you just, you scream in the car. You're like -- and Dave is like the most --

STU: So calm.

GLENN: He's so calm, and I would rip people's heads off. I'd be like, I would have no calls. Because I'd be like, "What, are you stupid? What part of you thought that was a good idea?" I mean, nobody would call in. Nobody would call in. Well, it would be like this show. Here's our number, 888-727-BECK. 888-727-BECK. I have to -- man, these attorneys.

VOICE: Attention, attention. Any financial advice given by Glenn Beck or any person heard on the air at any time on the Glenn Beck program should not, repeat, should not be followed. Glenn Beck once bought stocks whose success was predicated on a late Nineties boom of the rotary phone and he also advised against buying Apple stock back in 1984. You will incur major financial loss, divorce, alcoholism and hard core drug addiction if you listen to any of the financial advice on this program. Thank you.

GLENN: Okay, the rotary phone thing was true, but the Apple, never. Well... okay.

From the moment the 33-year-old Thomas Jefferson arrived at the Continental Congress in Philadelphia in 1776, he was on the radical side. That caused John Adams to like him immediately. Then the Congress stuck Jefferson and Adams together on the five-man committee to write a formal statement justifying a break with Great Britain, and their mutual admiration society began.

Jefferson thought Adams should write the Declaration. But Adams protested, saying, “It can't come from me because I'm obnoxious and disliked." Adams reasoned that Jefferson was not obnoxious or disliked, therefore he should write it. Plus, he flattered Jefferson, by telling him he was a great writer. It was a master class in passing the buck.

So, over the next 17 days, Jefferson holed up in his room, applying his lawyer skills to the ideas of the Enlightenment. He borrowed freely from existing documents like the Virginia Declaration of Rights. He later wrote that “he was not striving for originality of principle or sentiment." Instead, he hoped his words served as “an expression of the American mind."

It's safe to say he achieved his goal.

The five-man committee changed about 25 percent of Jefferson's first draft of the Declaration before submitting it to Congress. Then, Congress altered about one-fifth of that draft. But most of the final Declaration's words are Jefferson's, including the most famous passage — the Preamble — which Congress left intact. The result is nothing less than America's mission statement, the words that ultimately bind the nation together. And words that we desperately need to rediscover because of our boiling partisan rage.

The Declaration is brilliant in structure and purpose. It was designed for multiple audiences: the King of Great Britain, the colonists, and the world. And it was designed for multiple purposes: rallying the troops, gaining foreign allies, and announcing the creation of a new country.

The Declaration is structured in five sections: the Introduction, Preamble, the Body composed of two parts, and the Conclusion. It's basically the most genius breakup letter ever written.

In the Introduction, step 1 is the notificationI think we need to break up. And to be fair, I feel I owe you an explanation...

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another…

The Continental Congress felt they were entitled by “the Laws of Nature and of Nature's God" to “dissolve the political bands," but they needed to prove the legitimacy of their cause. They were defying the world's most powerful nation and needed to motivate foreign allies to join the effort. So, they set their struggle within the entire “Course of human events." They're saying, this is no petty political spat — this is a major event in world history.

Step 2 is declaring what you believe in, your standardsHere's what I'm looking for in a healthy relationship...

This is the most famous part of the Declaration; the part school children recite — the Preamble:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

That's as much as many Americans know of the Declaration. But the Preamble is the DNA of our nation, and it really needs to be taken as a whole:

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

The Preamble takes us through a logical progression: All men are created equal; God gives all humans certain inherent rights that cannot be denied; these include the rights to life, liberty, and the pursuit of happiness; to protect those rights, we have governments set up; but when a government fails to protect our inherent rights, people have the right to change or replace it.

Government is only there to protect the rights of mankind. They don't have any power unless we give it to them. That was an extraordinarily radical concept then and we're drifting away from it now.

The Preamble is the justification for revolution. But note how they don't mention Great Britain yet. And again, note how they frame it within a universal context. These are fundamental principles, not just squabbling between neighbors. These are the principles that make the Declaration just as relevant today. It's not just a dusty parchment that applied in 1776.

Step 3 is laying out your caseHere's why things didn't work out between us. It's not me, it's you...

This is Part 1 of the Body of the Declaration. It's the section where Jefferson gets to flex his lawyer muscles by listing 27 grievances against the British crown. This is the specific proof of their right to rebellion:

He has obstructed the administration of justice...

For imposing taxes on us without our consent...

For suspending our own legislatures...

For quartering large bodies of armed troops among us...

Again, Congress presented these “causes which impel them to separation" in universal terms to appeal to an international audience. It's like they were saying, by joining our fight you'll be joining mankind's overall fight against tyranny.

Step 4 is demonstrating the actions you took I really tried to make this relationship work, and here's how...

This is Part 2 of the Body. It explains how the colonists attempted to plead their case directly to the British people, only to have the door slammed in their face:

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury...

They too have been deaf to the voice of justice... We must, therefore... hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

This basically wrapped up America's argument for independence — we haven't been treated justly, we tried to talk to you about it, but since you refuse to listen and things are only getting worse, we're done here.

Step 5 is stating your intent — So, I think it's best if we go our separate ways. And my decision is final...

This is the powerful Conclusion. If people know any part of the Declaration besides the Preamble, this is it:

...that all political connection between them and the State of Great Britain, is and ought to be totally dissolved...

They left no room for doubt. The relationship was over, and America was going to reboot, on its own, with all the rights of an independent nation.

And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.

The message was clear — this was no pitchfork mob. These were serious men who had carefully thought through the issues before taking action. They were putting everything on the line for this cause.

The Declaration of Independence is a landmark in the history of democracy because it was the first formal statement of a people announcing their right to choose their own government. That seems so obvious to us now, but in 1776 it was radical and unprecedented.

In 1825, Jefferson wrote that the purpose of the Declaration was “not to find out new principles, or new arguments, never before thought of… but to place before mankind the common sense of the subject, in terms so plain and firm… to justify ourselves in the independent stand we are compelled to take."

You're not going to do better than the Declaration of Independence. Sure, it worked as a means of breaking away from Great Britain, but its genius is that its principles of equality, inherent rights, and self-government work for all time — as long as we actually know and pursue those principles.

On June 7, 1776, the Second Continental Congress met in Philadelphia at the Pennsylvania State House, better known today as Independence Hall. Virginia delegate Richard Henry Lee introduced a motion calling for the colonies' independence. The “Lee Resolution" was short and sweet:

Resolved, That these United Colonies are, and of right ought to be, free and independent States, that they are absolved from all allegiance to the British Crown, and that all political connection between them and the State of Great Britain is, and ought to be, totally dissolved.

Intense debate followed, and the Congress voted 7 to 5 (with New York abstaining) to postpone a vote on Lee's Resolution. They called a recess for three weeks. In the meantime, the delegates felt they needed to explain what they were doing in writing. So, before the recess, they appointed a five-man committee to come up with a formal statement justifying a break with Great Britain. They appointed two men from New England — Roger Sherman and John Adams; two from the middle colonies — Robert Livingston and Benjamin Franklin; and one Southerner — Thomas Jefferson. The responsibility for writing what would become the Declaration of Independence fell to Jefferson.

In the rotunda of the National Archives building in Washington, D.C., there are three original documents on permanent display: the Constitution, the Bill of Rights, and the Declaration of Independence. These are the three pillars of the United States, yet America barely seems to know them anymore. We need to get reacquainted — quickly.

In a letter to his friend John Adams in 1816, Jefferson wrote: “I like the dreams of the future, better than the history of the past."

America used to be a forward-looking nation of dreamers. We still are in spots, but the national attitude that we hear broadcast loudest across media is not looking toward the future with optimism and hope. In late 2017, a national poll found 59% of Americans think we are currently at the “lowest point in our nation's history that they can remember."

America spends far too much time looking to the past for blame and excuse. And let's be honest, even the Right is often more concerned with “owning the left" than helping point anyone toward the practical principles of the Declaration of Independence. America has clearly lost touch with who we are as a nation. We have a national identity crisis.

The Declaration of Independence is America's thesis statement, and without it America doesn't exist.

It is urgent that we get reacquainted with the Declaration of Independence because postmodernism would have us believe that we've evolved beyond the America of our founding documents, and thus they're irrelevant to the present and the future. But the Declaration of Independence is America's thesis statement, and without it America doesn't exist.

Today, much of the nation is so addicted to partisan indignation that "day-to-day" indignation isn't enough to feed the addiction. So, we're reaching into America's past to help us get our fix. In 2016, Democrats in the Louisiana state legislature tabled a bill that would have required fourth through sixth graders to recite the opening lines of the Declaration. They didn't table it because they thought it would be too difficult or too patriotic. They tabled it because the requirement would include the phrase “all men are created equal" and the progressives in the Louisiana legislature didn't want the children to have to recite a lie. Representative Barbara Norton said, “One thing that I do know is, all men are not created equal. When I think back in 1776, July the fourth, African Americans were slaves. And for you to bring a bill to request that our children will recite the Declaration, I think it's a little bit unfair to us. To ask our children to recite something that's not the truth. And for you to ask those children to repeat the Declaration stating that all men's are free. I think that's unfair."

Remarkable — an elected representative saying it wouldn't be fair for students to have to recite the Declaration because “all men are not created equal." Another Louisiana Democrat explained that the government born out of the Declaration “was used against races of people." I guess they missed that part in school where they might have learned that the same government later made slavery illegal and amended the Constitution to guarantee all men equal protection under the law. The 13th, 14th, and 15th Amendments were an admission of guilt by the nation regarding slavery, and an effort to right the wrongs.

Yet, the progressive logic goes something like this: many of the men who signed the Declaration of Independence, including Thomas Jefferson who wrote it, owned slaves; slavery is evil; therefore, the Declaration of Independence is not valid because it was created by evil slave owners.

It's a sad reality that the left has a very hard time appreciating the universal merits of the Declaration of Independence because they're so hung up on the long-dead issue of slavery. And just to be clear — because people love to take things out of context — of course slavery was horrible. Yes, it is a total stain on our history. But defending the Declaration of Independence is not an effort to excuse any aspect of slavery.

Okay then, people might say, how could the Founders approve the phrase “All men are created equal," when many of them owned slaves? How did they miss that?

They didn't miss it. In fact, Thomas Jefferson included an anti-slavery passage in his first draft of the Declaration. The paragraph blasted King George for condoning slavery and preventing the American Colonies from passing legislation to ban slavery:

He has waged cruel war against human nature itself, violating its most sacred rights to life and liberty in the persons of a distant people who never offended him, captivating and carrying them into slavery in another hemisphere... Determined to keep open a market where men should be bought and sold, he has prostituted his negative for suppressing every legislative attempt to prohibit or to restrain this execrable commerce.

We don't say “execrable" that much anymore. It means, utterly detestable, abominable, abhorrent — basically very bad.

Jefferson was upset when Georgia and North Carolina threw up the biggest resistance to that paragraph. Ultimately, those two states twisted Congress' arm to delete the paragraph.

Still, how could a man calling the slave trade “execrable" be a slaveowner himself? No doubt about it, Jefferson was a flawed human being. He even had slaves from his estate in Virginia attending him while he was in Philadelphia, in the very apartment where he was writing the Declaration.

Many of the Southern Founders deeply believed in the principles of the Declaration yet couldn't bring themselves to upend the basis of their livelihood. By 1806, Virginia law made it more difficult for slave owners to free their slaves, especially if the owner had significant debts as Jefferson did.

At the same time, the Founders were not idiots. They understood the ramifications of signing on to the principles described so eloquently in the Declaration. They understood that logically, slavery would eventually have to be abolished in America because it was unjust, and the words they were committing to paper said as much. Remember, John Adams was on the committee of five that worked on the Declaration and he later said that the Revolution would never be complete until the slaves were free.

Also, the same generation that signed the Declaration started the process of abolition by banning the importation of slaves in 1807. Jefferson was President at the time and he urged Congress to pass the law.

America has an obvious road map that, as a nation, we're not consulting often enough.

The Declaration took a major step toward crippling the institution of slavery. It made the argument for the first time about the fundamental rights of all humans which completely undermined slavery. Planting the seeds to end slavery is not nearly commendable enough for leftist critics, but you can't discount the fact that the seeds were planted. It's like they started an expiration clock for slavery by approving the Declaration. Everything that happened almost a century later to end slavery, and then a century after that with the Civil Rights movement, flowed from the principles voiced in the Declaration.

Ironically for a movement that calls itself progressive, it is obsessed with retrying and judging the past over and over. Progressives consider this a better use of time than actually putting past abuses in the rearview and striving not to be defined by ancestral failures.

It can be very constructive to look to the past, but not when it's used to flog each other in the present. Examining history is useful in providing a road map for the future. And America has an obvious road map that, as a nation, we're not consulting often enough. But it's right there, the original, under glass. The ink is fading, but the words won't die — as long as we continue to discuss them.

'Good Morning Texas' gives exclusive preview of Mercury One museum

Screen shot from Good Morning Texas

Mercury One is holding a special exhibition over the 4th of July weekend, using hundreds of artifacts, documents and augmented reality experiences to showcase the history of slavery — including slavery today — and a path forward. Good Morning Texas reporter Paige McCoy Smith went through the exhibit for an exclusive preview with Mercury One's chief operating officer Michael Little on Tuesday.

Watch the video below to see the full preview.

Click here to purchase tickets to the museum (running from July 4 - 7).

Over the weekend, journalist Andy Ngo and several other apparent right-leaning people were brutally beaten by masked-gangs of Antifa protesters in Portland, Oregon. Short for "antifascist," Antifa claims to be fighting for social justice and tolerance — by forcibly and violently silencing anyone with opposing opinions. Ngo, who was kicked, punched, and sprayed with an unknown substance, is currently still in the hospital with a "brain bleed" as a result of the savage attack. Watch the video to get the details from Glenn.