Interview with Neil Cavuto

GLENN BECK PROGRAM


BEGIN TRANSCRIPT

GLENN: 888-727-BECK. I can't say that he's a friend of mine. I would like to say that someday I can call him a friend of mine. Neil Cavuto, one of the straight-up good guys on the planet today is a guest on the program here. Hello, Neil, how are you?

CAVUTO: Hey, Glenn, I'm calling you a friend. I'm just running with it. So I mean, it's working for me.



Neil Cavuto, Sr VP, Anchor & Managing Editor, Business News


FOX Business Network

GLENN: I am as well. I have to tell you, Neil -- well, first let me get into the business of the day. I wanted to have you on because I'm not a real optimist on the economy. I am a guy who, I believe in America, I believe in capitalism. You know, I'm a Ronald Reagan guy, I really am. However, I think we're facing a real storm of things that are all starting to come together that are just going to be a real problem for us if we don't make all of the right moves or if there's any additional pressure put on your economy and I've been warning, look out, look out, this stuff with the banks and liquidity is a real problem and everybody is in denial on it, everybody's being, you know, oh, Glenn, you're being Chicken Little. I don't think I am. I didn't want to get somebody who's more pessimistic on the economy than I am. I wanted to get an optimist on. Explain what is going on now with the world's central banks doing something they never do. The last time they did this, correct me if I'm wrong, was after September 11th.

CAVUTO: That's right, that's right. You're right to be concerned about what could happen. I'm equally concerned about the moves, Glenn, that could make things much worse. I'm not in the camp, Glenn, that says all mortgages are melting down. I'm not in the camp that says we've got housing -- because I also look at all the numbers and I realize that 95% of mortgages are being paid each month, month to month on time and that even among sub prime mortgages, Glenn, close to 9 out of 10 of those are being paid on time.

GLENN: Right.

CAVUTO: So having said that what I worry about is the perspective that some in Washington lack and for the bulk of the few who aren't paying their mortgages -- and it's a record few. I don't want to minimize it. We are going to make things worse for the overwhelming vast majority who are. That's where I share your concern because Washington in its infinite wisdom could really complicate this. They could set up programs and the like to bail out homeowners and lenders that for years, for decades to cut a freeze on housing, but you must, must, must be careful of that.

Now, I also worry when central banks around the world get together and throw in a lot of money to short the banking system because what effectively they are doing, Glenn, is trying to encourage lending or provide the money and the reassurances effective there so people can lend. People have to take the lump on that. You can't force someone to spend their money. You can't -- although my wife says it's relatively easy to do. You can't force that issue. So now we have to see whether banks respond to this sudden flood of money coming in.

GLENN: Okay. Here's the thing that I am concerned about. It is -- the reason why, and please correct me where I'm wrong. The reason why they are trying to free up more money is because these banks are -- a lot of it is fear. They have to make sure that they can cover anything that might go bad and so what they're doing is they are cutting back. It's harder and harder to get short-term loans which are like 30-day loans to where if I've got some vegetables that need to get to market, I usually go to my bank and I say, hey, you know, I need the loan. 30 days it gets to trucking, to move things here and there. And that money is drying up. And when you dry up that money, then you've got a real problem. When businesses can't get that 30-day loan, am I right on that?

CAVUTO: Well, I think stepping back from this, we're talking $40 billion. I know that is the pooled money that is going to be available here. $40 billion sounds like a great deal of money, Glenn. Trust me I'm not trying to minimize what's going on here. I am saying, though, we're talking about $5 trillion worth of monies available to lend. So you've thrown $40 billion into the mix to encourage people to sort of, you know, dip their toes in the water and lend either on a short, medium or longer term basis to someone else. Now, like CNBC here, I think what's going on is skittishness and the lender is skittish to lend, the borrower is skittish to borrow and these central banks are trying to get the two together. They are trying to make it less of an issue for the lender to lend and less of an issue for the borrower to borrow. I'm trying to minimize it but I think what they are trying to do is to get past the fear. That does not mean there is no money available. There's a great deal of money available. You can look in the newspaper on any day and see the deals are popping for those who can put down 15 to 20% on a home or who meet the criteria to get a loan. For those type of people, there is no shortage of loan proceeds available. But even -- the trouble is those people are the ones who are saying, you know what, I don't know, I don't know. Very smart people, very wealthy people I know are telling me, Neil, you know, I was thinking about getting that vacation home. I'm not so sure right now. So I'm holding back. These are people who can afford and put down the down payment and not pay for the whole thing in cash, but they are just leery. So I think what central banks are trying to do, what the President is trying to do in the omnibus package, you know, to help lenders to get over the help and borrowers to get over the hump is to say, guys, the water's okay, try it. The great thing we have to get past now, Glenn, is convincing people on both sides of the deal to agree.

GLENN: Well, but you also have the problem, and I'm sorry, I apologize because we are turning into CNBC here for a second.

CAVUTO: That would never happen to you, Glenn.

GLENN: But I am concerned because -- did you read Amity Shlaes' book?

CAVUTO: Yes, I did.

GLENN: Okay. We're making the same damn mistakes that we made in the Great Depression. We've got people -- we've got politicians proposing the same kinds of things that we were proposing in the Great Depression.

CAVUTO: Right. And as she points out, we historically go through this every couple of decades and we've done this with, of course, the savings and loans back in the Eighties, we've done it with Chrysler, we've done it with Continental bank. When things get tough, we look for Draconian steps. Unfortunately we do it after the animals have left the barn. So you lock the barn good, you got the double, you know, barrel shotgun outside just in case. But the animals aren't there.

GLENN: Is it --

CAVUTO: And that is what I worry about, that the cure is worse than the disease.

GLENN: Okay. I have been saying get out of debt, just get out of debt. Part of the problem with our country is our country is, you know, spending money like Paris Hilton at a night vision video store, and we've got to stop doing that. Wrong advice, too panicky advice?

CAVUTO: Well, since I'm living in a big glass house, I'm not going to take you on on that. But I think it's true. The problem when you get out of debt is the process of getting out of debt means you free spending of an economy and when you free spending in the economy, all of a sudden the --

GLENN: I've got a small enough audience, we're not going to affect the economy.

CAVUTO: I'm not so sure about that. You have a certain best seller out there.

GLENN: I'm just saying that if, for instance, you know, don't go out and -- go buy Christmas presents. Just don't put yourself deeper into debt. Just spend at your means. Buy something that's, I don't know, $26, you know.

CAVUTO: Right, right.

GLENN: Down at the bookstore.

CAVUTO: I think this is the time everyone who buys gifts, get that thing that says "As seen on TV. "

GLENN: I think you are exactly right. All right, Neil, I want to -- and I hope this is okay with you. I guess I should have asked this prior, but I have to tell you I think I have more respect for you than anyone I have ever met in television, and I know that's not saying very much.

CAVUTO: Then you must get out more.

GLENN: I know. But you are a remarkable man. Most people don't know. I mean, they know if they read your book, that you have MS. What I didn't know is that -- may I share what happens to you sometimes?

CAVUTO: Sure.

GLENN: What you may not know if you've ever watched Neil Cavuto is sometimes his legs don't work, sometimes his arms don't work, sometimes he will go completely blind during a show for 45 minutes and just keeps going.

CAVUTO: It's a highly rated show because then they know, hey, this guy seems to be freaking out.

GLENN: Right. I think it would be kind of neat if I -- I mean, you might want to play a little game, like a game.

CAVUTO: I have. People react to it. I'm like the crazy uncle at the Christmas dinner and then we just say, hey, he's really out of it, you know.

GLENN: When somebody says, oh, Neil Cavuto, he's blind as a bat, you can say, sometimes I am.

CAVUTO: Absolutely right.

GLENN: Yeah. I just have a ton of respect for you. You know, I know you have overcome so many things and you keep getting hit with things and it never, ever stops you.

CAVUTO: That's the pot calling the kettle black, my mind. I know it sounds like mutual in my society but my wife is a huge, huge, huge fan of yours and she's tickled pink to meet you on certain occasions and, man, hasn't stopped talked about it.

GLENN: I have to tell you it's a cross I bear. I apologize. I wreck so many marriages, I really do. It's just chicks dig me.

CAVUTO: You're preaching to the choir, buddy.

GLENN: All right, Neil, thanks a lot, man. I appreciate you being on. We'll talk again soon, my friend.

CAVUTO: All right. Be well.

END TRANSCRIPT

Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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The corporate media is doing everything it can to protect Dr. Anthony Fauci after Sen. Rand Paul (R-Ky.) roasted him for allegedly lying to Congress about funding gain-of-function research in Wuhan, China.

During an extremely heated exchange at a Senate hearing on Tuesday, Sen. Paul challenged Dr. Fauci — who, as the director of the National Institute of Allergies and Infectious Diseases, oversees research programs at the National Institute of Health — on whether the NIH funded dangerous gain-of-function research at the Wuhan Institute of Virology.

Dr. Fauci denied the claims, but as Sen. Paul knows, there are documents that prove Dr. Fauci's NIH was funding gain-of-function research in the Wuhan biolab before COVID-19 broke out in China.

On "The Glenn Beck Program," Glenn and Producer Stu Burguiere presented the proof, because Dr. Fauci's shifting defenses don't change the truth.

Watch the video clip below:

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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.

Critical race theory: A special brand of evil

wal_172619/Pixabay

Part of what makes it hard for us to challenge the left is that their beliefs are complicated. We don't mean complicated in a positive way. They aren't complicated the way love is complicated. They're complicated because there's no good explanation for them, no basis in reality.

The left cannot pull their heads out of the clouds. They are stuck on romantic ideas, abstract ideas, universal ideas. They talk in theories. They see the world through ideologies. They cannot divorce themselves from their own academic fixations. And — contrary to what they believe and how they act — it's not because leftists are smarter than the rest of us. And studies have repeatedly shown that leftists are the least happy people in the country. Marx was no different. The Communist Manifesto talks about how the rise of cities "rescued a considerable part of the population from the idiocy of rural life."

Studies have repeatedly shown that leftists are the least happy people in the country.

Instead of admitting that they're pathological hypocrites, they tell us that we're dumb and tell us to educate ourselves. Okay, so we educate ourselves; we return with a coherent argument. Then they say, "Well, you can't actually understand what you just said unless you understand the work of this other obscure Marxist writer. So educate yourselves more."

It's basically the "No True Scotsman" fallacy, the idea that when you point out a flaw in someone's argument, they say, "Well, that's a bad example."

After a while, it becomes obvious that there is no final destination for their bread-crumb trail. Everything they say is based on something that somebody else said, which is based on something somebody else said.

Take critical race theory. We're sure you've noticed by now that it is not evidence-based — at all. It is not, as academics say, a quantitative method. It doesn't use objective facts and data to arrive at conclusions. Probably because most of those conclusions don't have any basis in reality.

Critical race theory is based on feelings. These feelings are based on theories that are also based on feelings.

We wanted to trace the history of critical race theory back to the point where its special brand of evil began. What allowed it to become the toxic, racist monster that it is today?

Later, we'll tell you about some of the snobs who created critical theory, which laid the groundwork for CRT. But if you follow the bread-crumb trail from their ideas, you wind up with Marxism.

For years, the staff has devoted a lot of time to researching Marxism. We have read a lot of Marx and Marxist writing. It's part of our promise to you to be as informed as possible, so that you know where to go for answers; so that you know what to say when your back is up against the wall. What happens when we take the bread-crumb trail back farther, past Marxism? What is it based on?

This is the point where Marxism became Marxism and not just extra-angry socialism.

It's actually based on the work of one of the most important philosophers in human history, a 19th-century German philosopher named Georg Wilhelm Friedrich Hegel.

This is the point where Marxism became Marxism and not just extra-angry socialism. And, as you'll see in just a bit, if we look at Hegel's actual ideas, it's obvious that Marx completely misrepresented them in order to confirm his own fantasies.

So, in a way, that's where the bread-crumb trail ends: With Marx's misrepresentation of an incredibly important, incredibly useful philosophy, a philosophy that's actually pretty conservative.

This post is part of a series on critical race theory. Read the full series here.