Feeling Blue

GLENN BECK PROGRAM


BEGIN TRANSCRIPT

GLENN: Also, is Stephen Moore on the phone with us from the Wall Street Journal? Stephen? Stephen?

MOORE: Glenn.

GLENN: Hey, how are you, man?

MOORE: Good. Hey, I've been reading your book. I'm having so much fun with it. I just read the global warming section last night. Hello?

GLENN: It's crazy, isn't it?

MOORE: Yeah, you know, and the funny thing is, you know, I just wanted to say that you keep talking about climate change but, you know, I'm from Chicago. We think it's climate improvement.



Stephen Moore

GLENN: You ain't kidding. I've got to tell you, I'm here in Pittsburgh today and I can guarantee you that people would say this is really good. And by the way, don't talk --

MOORE: You don't hear people from Minnesota complaining about global warming. Al Franken, you know, is running for the Senate in Minnesota is talking all about global warming and the people are scratching their heads saying, well, maybe if it went from, you know, negative 30 to negative 20, it wouldn't be such a terrible thing.

GLENN: Not a bad thing actually. Won't go from negative 30 to negative 20. It will go from negative 30 to negative 29.7. So freak out, everybody.

By the way, let me just start here on the global warming thing before we get into something that I think is fascinating and just why the mainstream media isn't on that. We'll get to that here in just a second.

First let me just ask you. Did you see the baby tax that they have been proposing?

MOORE: I heard you talk about. What is this? I've got to get on my radar screen.

GLENN: A new tax for babies if you have babies because babies are bad for the environment. I'm not kidding you.

MOORE: What is it, a diaper tax or something?

GLENN: No, no, it is babies. If you have a baby, instead of getting a tax break, you're going to be charged more just for having a baby. Because they want to -- pardon me?

MOORE: Tax you in the delivery room?

GLENN: They want to tax you in the delivery room. It's like a delivery charge. You know what I mean? Sorry we're going to tack on a little extra tax. It's absolutely unbelievable.

MOORE: Makes a lot of sense because if there's no people left, then there would be no more global warming.

GLENN: Wouldn't it be great? Wouldn't it be great? If we could only get to the place --

MOORE: Imagine what a place it would be if there were no people.

GLENN: Oh, imagine if there were people, they would enjoy the planet without having any people on it.

All right. So you have a piece coming out in The Wall Street Journal that talks about the red states and the blue states.

MOORE: Yeah.

GLENN: And how people are moving away from blue states.

MOORE: Yeah, by what's going on, I mean, it's an amazing migration that's happening in America where the liberal states, the states of the Northeast, New York, New Jersey, Connecticut, the places you normally hang out in, Glenn and, you know, also California for the first time in 100 years is actually losing people. And where are all these Americans going? They are going to the southern states like Alabama and Tennessee and Virginia and they are going to the Western states like, you know, Arizona, Idaho, Utah and so the states that are losing population are the high tax and spend states like New York and California and the states that are gaining people are the states that keep their spending and taxes and regulations under control. I know it's a shocking finding.

GLENN: Yeah. Well, you know what? But here's something that I found in Philadelphia. People are actually moving and they are taking their voting practices with them, though.

MOORE: Well, that's --

GLENN: They are going out and they are voting for the same kind of stuff.

MOORE: Well, we found that to be true, for example, in New Hampshire. New Hampshire is the one little foothold of freedom in the Northeast. They call it the "Live free or die" state. What happens is because they have no income and sales tax in New Hampshire, it's a very attractive place to live. So all these liberals from Massachusetts are leaving you know "High Tax Chusetts" but then they are voting for high taxes in New Hampshire.

GLENN: It's crazy. You know what, I've got to tell you, Stephen, I think, I really truly, truly believe that people who are those uber liberals are just not the brightest group of people. I mean, I really don't understand their thinking, that they move away because the policies of their state have destroyed their state and yet they will go and they will rebuild it somewhere else.

MOORE: You know, that is actually what's happening and you see that now in some states like Colorado and Arizona which have been solid red states but because so many liberals are moving in to get away from the high taxes in California, they want to create the high taxes there. And that is a problem actually for Republicans in this presidential election because states like Virginia, Colorado, Arizona that have traditionally been very red Republican states, because of all the liberal migrants that are moving in, those are now competitive states and if Republicans lose those states, they can't win the White House.

GLENN: I have to tell you I have been hammered recently for being on the air -- I don't remember when it was. It was about a month or so ago and I said the tax cuts actually raise more federal income.

MOORE: Oh, that must have caused quite a firestorm.

GLENN: Oh, my gosh. And I read all of these articles and everything else about me saying this like I'm an idiot. "Oh, that's the most untrue thing I've ever heard" and I'm like, it's proof. I mean, there is proof of it.

MOORE: Well, let me give you the statistic. You know, since we cut, since George W. Bush did the 2003 tax cut -- remember, we cut the capital gains and the dividend and the income tax rate -- the federal government in the subsequent three years has raised $740 billion -- that's billion with a B -- dollars, the biggest increase in tax revenues in American history. So we've gotten more tax revenues, Glenn, since George Bush cut tax rates than we did when Bill Clinton raised tax rates.

GLENN: How is it that this -- I mean, make the argument. How do we make the -- I know that, Stephen, but how do we possibly make the argument any clearer than that? The statistics are there. The proof is there. As an economist how does blood not just shoot out of your eyes with all of these pinheads that just don't get it over and over and over again?

MOORE: Well, and the thing that's so frustrating is we've had four or five, what I call supply side tax cutting policies over the last 50 years. I mean, you know how you really annoy a liberal on this, Glenn? Remind them that the first President after World War II to cut tax rates and get more tax revenues was John F. Kennedy. Kennedy did this in the early 1960s. He cut the top tax rate from 90 to 70% and we got more revenues. And John F. Kennedy said it is a paradoxical truth that when you cut tax rates, you get more work, more savings, more entrepreneurship and more tax revenues. So I have to dig that quote up from Kennedy for you, Glenn, because it's a great -- it drives liberals crazy.

GLENN: We're talking to Stephen Moore. He was the head of Club for Growth for a while and now he's the lead economic editorial page writer or -- I don't know, but a good friend of the program and very, very smart man and also the guy who has been called the head of the Club for Greed, not the Club for Growth.

MOORE: That's right.

GLENN: How dangerous do you think Huckabee is to that?

MOORE: Well, you know, first of all, I think that was a very stupid thing that Huckabee said when he called the Club For Growth the Club for Greed. You know, Huckabee did not have a good record as governor. When I was at the Cato Institute, we used to grade the governors and we gave Huckabee a D for his fiscal stewardship. He raised taxes across the board. So his record as governor was not very good. The one thing I do like about Mike Huckabee, and if you have him on your show, which I hope you get him, I hope you'll ask him about the fair tax idea because I think that's pretty wonderful idea of ripping the income tax system and the IRS out by its roots, sticking a stake through the heart of it and going with a national sales tax. I think there's a lot to say for that for America's growth and prosperity.

GLENN: Do you really think, though, that we could actually get a sales tax that wouldn't have any special interests? Because what will happen is they will --

MOORE: You know, you're even more cynical than I am, I guess, Glenn.

GLENN: Oh, I am. I don't believe a thing these clowns say in Washington because what will happen is they will get a sales tax and say, yeah, but for special interest reasons, this isn't going to be taxed and this is going to have more of a action that. I mean, you'll create the same thing.

MOORE: Well, here's my point, though. All over the world every country is cutting tax rates. I mean, you've got Poland that's now talking about a 15% flat tax, Romania just said they are going to do a 10% flat tax. There are now 26 countries in the world, Glenn, 26 countries that have flat taxes. It's happening everywhere. These countries are cutting taxes to become more competitive and there's only one place on this planet where tax rates are rising and that's here in Washington, D.C. The politicians here just don't get it. We do need a radical reform of our tax system if we want to retain our competitiveness and I think the idea of a national sales tax, if we could get it put in place, with the abolition of the income tax, I think it would be a very good policy.

GLENN: Are you concerned at all about Iran coming out this weekend and saying we're no longer going to deal oil in dollars? They're getting off the dollar standard and they're encouraging everybody else to? Do you see this as a problem for anybody?

MOORE: It is a big concern. You know, the dollar has fallen by about 40 to 50% relative to other currencies over the last couple of years and my theory for why this is happening, Glenn, because I live -- you know, I'm ashamed to say I live in Washington, D.C. All of the policies that are coming out of this congress, if you listen to them day after day, it's raise capital gains tax, raise payroll tax, raise this tax, raise that tax. Investors all over the world hear that message and they say you don't want to invest in America now; they are going to be raising all their taxes and so that means that investors are getting out of dollars and they are getting into Euros or getting into, you know, yen and other currencies and it's a bad sign that America's moving in the wrong direction when people want to sell our currency.

GLENN: All right. Stephen, so great to talk to you and we'll talk to you again soon. When does the article come out in The Wall Street Journal?

MOORE: It's in today's paper.

GLENN: Oh, I'm sorry. I haven't picked it up yet. Thanks a lot, man.

Let's see. Let me stop for a second. Then I want to take your phone calls and I want to talk about a couple of other things that are on the plate. What was that, Stu? Oh, you know what? Just in case you're confused on, you know, who to vote for and you haven't made up your mind yet, we thought we would help you out with, you know, taxes and monetary stuff. Let's take a quick break. Here it is.

VOICE: Today's world is full of surprises. People are losing their homes left and right to natural disasters like global warming and wildfires. Families are being devastated because they didn't properly calculate how much of a mortgage payment they could afford. Some people don't even have enough money left over at the end of the month to afford digital cable television or high-speed Internet. Thankfully Democrats are the party in power and only they have the ideas to help Americans in need, ideas like $5,000 for every baby born, increasing taxes by $4 trillion, universal healthcare, college for everyone, subsidizing anyone who has had anything sad happen to them, and pretty much anything else that involves making the rich poor and keeping the poor poor. Those are the principles and values that the Democratic party in the United States government believes in, and we support them 100% which, by the way, is also your brand-new tax rate. Enjoy. Paid for by the people for a socialistandorcommunistAmerica.net.

END TRANSCRIPT

The Senate Judiciary Committee was set to vote on subpoenas to compel Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg to testify on alleged censorship and bias across their platforms. But that all changed when Republican committee members "expressed reservation about the maneuver," Politico reports.

Sen. Ted Cruz (R-Texas), who chairs Judiciary's Subcommittee on the Constitution, was definitely not one of the committee members with cold feet. On the radio program Tuesday, he told Glenn Beck that he's fighting "vociferously" to ensure Dorsey and others testify before the November 3rd election.

"Jack Dorsey and Mark Zuckerberg are both going to testify. They're are going to testify in person. They're going to testify before Election Day. That's what I think should happen," Cruz said. "That's what I'm fighting vociferously to happen. Right now, the companies are negotiating with the chairman's office to discuss terms to come voluntarily. I don't give a damn whether they come voluntarily or under subpoena. They need to testify in person and answer questions for the American people about why they are trying to steal this election, to suppress the free speech, and to censor the press."

The subpoenas would require Big Tech leaders to testify on the alleged "suppression and/or censorship" of two consecutive blockbuster stories from the New York Post. The first story was about emails that allegedly came from Hunter Biden's computer which are currently being investigated by the FBI, and the second was based on additional emails that allegedly showed communist China directly offering millions of dollars to then-Vice President Joe Biden.

"Big Tech stepped in, and they've done something they've never done before," Cruz explained. "We know that Big Tech has been censoring individual conservatives, trying to suppress conservative speech. But the step they took here is, they blocked if any individual user tried to share either of the New York Post stories, [they] were blocked ... Sharing a news story, from a major media outlet is part of democracy, part of free speech. And not only that, they blocked the New York Post itself. Right now, today, the New York Post is not being allowed to post its own damn stories on corruption. This is ridiculous. It's a threshold that's never been crossed before, of Silicon Valley oligarchs declaring the authority to determine what the press is allowed to report, and who is allowed to see it."

Watch the video below to catch more of the conversation:

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If we learned nothing from the media over the past 4 years it's that colluding with a foreign entity to either win an election or for personal gain is absolutely grotesque. Well, that depends on whether you have a (D) or (R) before your name anyway. President Trump was impeached on rumor and innuendo yet Joe Biden has all but skated on his corruption up to this point.

Below is a timeline that shows the level of corruption and the lengths the Biden's went to in order to build that family's wealth and influence internationally.

2009

In 2009, Joe Biden was the brand-new Vice President and John Kerry was a U.S. Senator. Just five months after Joe was sworn in, his son Hunter, and Kerry's stepson, Christopher Heinz, formed an international private equity firm called Rosemont Capital. It had several different branches, including one called Rosemont Seneca Partners.

2010

Just nine months after Rosemont Seneca opened its doors, Hunter Biden went to China for meetings with executives from China's biggest banks, and its sovereign wealth and social security funds. That's unheard-of access for a brand-new firm. Was it just coincidence that at the same time Hunter was meeting these Chinese bigwigs, his dad was meeting with China's then-president Hu Jintao in Washington DC at a nuclear security summit?

2011

In May 2011, Joe Biden met with Chinese officials for the U.S.-China Strategic & Economic Dialogue conference in Washington. Just two weeks later, Hunter Biden went to Taiwan for meetings with the same Chinese financial giants he'd met in China in 2010, plus some new ones.

2013

By December 2013, Joe Biden was enjoying his second term as VP, and John Kerry was now Secretary of State. That's when Joe traveled to Beijing on an extended official trip and Hunter traveled with him on Air Force Two.

During their stay, Vice President Biden met with President Xi and Hunter was mostly out of sight. We don't know exactly what he was up to, but the deal finalized between Rosemont Seneca and the Bank of China just ten days after the Bidens' trip pretty much gives it away. The most powerful financial institution in China formed a joint venture with tiny Rosemont Seneca to create a giant new investment firm called Bohai Harvest RST – the "RS" stands for Rosemont Seneca.

The firm is often called "BHR" for short.

Hunter Biden was a member of the Board. Remember, the Bank of China is government-owned, which means its business is completely intertwined with the goals of the Chinese Communist Party. BHR also got the freedom to operate in the newly created Shanghai Free-Trade Zone where, over the next six years, it would use $2.5 billion of Chinese government money to invest in China, as well as in other countries, including the U.S.

During their Beijing trip, Hunter also introduced Jonathan Li to his dad. Li is Hunter's business partner – he's CEO and Director of BHR.

Hunter arranged for Joe to meet Li in the lobby of the hotel where they stayed during their Beijing trip.

2014

In 2014, one of BHR's first major investments was in the China General Nuclear Power Corporation.

CGN is a Chinese government-owned nuclear power company that sold off a stake of the company to outside investors. Problem is, CGN was under FBI investigation for paying informants in the U.S. to steal nuclear secrets.

In 2016, the FBI arrested the ringleader of this nuclear espionage, a man named Allen Ho.

When they arrested Ho, he was using a random code generator to access funds being provided to him from – where else? – the Bank of China.

Yet while this FBI probe was going on, the son of the Vice President owned a stake in the company being investigated. And even after arrests were made, Rosemont Seneca did not alter its relationship with BHR, nor did it divest from CGN, even though it was stealing U.S. nuclear secrets.

2015

In 2015, BHR partnered with the Aviation Industry Corporation of China (AVIC) to buy an American company called Henniges for $600 million.

AVIC is a gigantic military contractor in China – think Lockheed Martin – that makes fighter jets, bombers and drones. BHR bought 49% of Henniges and AVIC bought 51%.

Henniges is a precision parts manufacturer specializing in anti-vibration technology. The stuff they make is known as "dual use" by the U.S. State Department, which means the technology can also have a military application.

Because of that, the deal had to be approved by the Committee on Foreign Investment in the U.S. (CFIUS) since it could have national security implications. The thing is, the American side of BHR – meaning Hunter Biden and his pals – had to know there were serious national security implications with AVIC.

The year before they formed a partnership with AVIC, the Wall Street Journal reported how AVIC stole technology related to the U.S. Air Force's F-35 stealth fighter and used it in its own stealth fighter for the Chinese.

How the Committee on Foreign Investment approved that deal remains a mystery. CFIUS does not publicly disclose any information regarding its decisions. Their findings are not publicly announced.

Interesting that China accounted for the largest share – with 74 transactions – approved by CFIUS during Obama's second term (2013-2015).

Under the umbrella of Rosemont Capital was a real estate company called Rosemont Realty. In 2015, a Chinese company called Gemini Investments bought a 75% stake in Rosemont Realty. The company was renamed Gemini Rosemont

Gemini brought $3 billion to the partnership with Rosemont, with the aim of buying "Class A institutional-quality commercial office properties in U.S. markets."

Red flag (literally) – Gemini Investments is a subsidiary of the China Ocean Shipping Company, a.k.a., "COSCO."

COSCO is a Chinese government-owned company. Its headquarters in Beijing is actually next to the headquarters of the Bank of China. COSCO is well-known for its close military ties. It's essentially a branch of the Chinese Navy.

2017

In 2017, BHR invested in Face++. That's the facial recognition phone app built by a Chinese company that is incorporated in a separate app built by the Chinese government. Police in the Xinjiang [Sin-jong] region of China use that app to keep tabs on citizens, and track and detain Uiguhr [Wee-ger] Muslims.

The app allows police easy access to data about Chinese Muslims including things like religious activity, blood type, and even the amount of electricity they use.

2018

In March 2018, a spokesman (Chris Bastardi) for Christopher Heinz (John Kerry's stepson) emailed The Hill to say that Heinz had "no operating role" in Rosemont Seneca, and that he was not involved in any of Rosemont's deals in China (which contradicts Schweizer's report in his book Secret Empires).

Chris Heinz was involved in Rosemont Capital. Rosemont Seneca was established under the same GP as Rosemont Capital, but Chris Heinz had no operating role in it. Chris and his family have no financial interest or investment in Bohai Harvest RST, he has never traveled to China, and he has never met with the firm's Chinese management team or investors.

2019

In October 2019, Hunter Biden's lawyer, George Mesires, said Hunter did not conduct any business on that 2013 trip to Beijing with his Dad.

Mesires said the timing of BHR's business license getting approved was purely coincidental because the paperwork had been submitted months before the Bidens' China trip.

According to Hunter's lawyer, the approval " was not related in any way, shape or form to Hunter's visit."

Hunter Biden finally stepped down from the BHR board last October (2019), but he DID NOT give up his 10% stake in the company.

When Bevan Cooney — the former "junior" business partner to Hunter Biden and Devon Archer — went to jail in 2019, investigative reporter and New York Times bestselling author Peter Schweizer thought he'd never gain access to the damning emails Cooney had promised. That all changed three weeks ago when Schweizer was given complete access to Cooney's gmail account.

Schweizer joined Glenn Beck on the radio program Tuesday to describe just some of the business deals revealed within these emails — like Hunter working with an alleged Russian criminal and with Chinese communists to secure their assets, or to secure one-on-one time with his dad, then-Vice President Joe Biden. And all of this new information is completely separate from the emails allegedly discovered on Hunter Biden's laptop recently reported by the New York Post.

"So, I want to make this clear. This [Cooney's emails] has nothing to do with what's on the laptop … It didn't come from [Rudy] Giuliani. It didn't come from anybody else, right?" Glenn asked Schweizer.

"That's absolutely correct," Schweizer confirmed.

He briefly explained how Cooney, a former Los Angeles nightclub owner, is currently serving a prison sentence for his involvement in a fraudulent business bond scheme with Biden and Archer. From prison, Cooney gave Schweizer written permission to access his Gmail account.

"This is really important," he noted. "We're not looking at printouts. Not looking at PDFs. We're actually in his Gmail accounts themselves, sifting through these emails. And there's a shocking amount of information about deals involving China, involving Russia, involving all sorts of things they were trying to pull off."

Watch the video below to catch more of the conversation:

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The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

Watch the video clip from the full podcast below, or find the full episode HERE:

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