Glenn Beck: Obama and FDR


New Deal or Raw Deal?

By Burton W., Jr. Folsom

GLENN: Burton Folsom is an author of New Deal, Raw Deal, and you'll learn more about FDR than you've ever learned and, of course, Burton, I'm sure, have they started to try to discredit you yet?

FOLSOM: Well, that press conference by President Obama last night did send a sharp Barb against those who are critical of FDR and indeed he did not get us out of the Great Depression. His version of a stimulus package of the 1930s did not work and, hey, I think that has historical lessons for the president.

GLENN: Okay. So here is what Obama said last night and then, if you will, just jump off from there, Burton. Here it is.

FOLSOM: Sure.

PRESIDENT OBAMA: Some of the criticisms are really with the basic idea that government should intervene at all in this moment of crisis. You have some people very sincere who philosophically just think that government has no business interfering in the marketplace and, in fact, there are several who suggested that FDR was wrong to intervene back in the New Deal. They're fighting battles that I thought were resolved a pretty long time ago.

GLENN: You know what's funny is I thought they resolved a long time ago during the American Revolution. I mean, I'm sorry to point out that every founding father would be the one that would say, "Yeah, government really has no place in business."

FOLSOM: Absolutely. Article I, Section 8 makes that so clear, limited government. Not even building roads and that kind of thing.

GLENN: Yeah.

FOLSOM: Absolutely.

GLENN: I mean, I love -- here we are talking about healthcare, universal healthcare. Even Ben Franklin didn't go to the government, and he could have. Ben Franklin was wildly influential, wildly popular. What did he do? He built the first hospital, but he built it with private money. He went to all the rich people he knew. He didn't say that government should take the money from the rich. He went and said, "Hey, this is the right idea. We should build a hospital." And so they built a private hospital. The first one in the United States. Built privately by one of the founders who could have had the -- he did -- correct me if I'm wrong, Burton. He had the power. He could have gotten that through congress but that's not the way they understood America at the time.

FOLSOM: Absolutely not. And when it came to library buildings, Franklin had private funds building libraries in Philadelphia. When we wanted something done in this country in the 1700s, groups of people got together, formed associations and got the job done.

GLENN: Right. This is exactly the opposite now of what Barack Obama and FDR believed. FDR -- and really it started with Woodrow Wilson, they believed that government was the answer. Barack Obama said something stunning that only government can create the jobs needed to be able to pull us out. Give me the comparisons between the New Deal and the stimulus deal and the facts that America may have never heard before on the new deal in the 1930s.

GLENN: Well, the new deal did promise a kind of stimulus package. It wasn't labeled that way, but it was the idea, "Hey, we're good to fix farming and then we're also going to provide infrastructure for roads and highways and that thing through the WPA." So you have the AAA, the Agricultural Adjustment Act, we're going to fix farming. And sure enough prices, farm prices went down. Well, they went down because government had already been involved passing the biggest tariff in United States history. Nations were retaliating against us because we had put a high tariff on their product. They were refusing to buy our wheat and corn. So we put in the AAA, we're going to raise farm prices. And the way we decide to do it is by Roosevelt by paying farmers not to produce on part of their land. If we paid them not to produce on part of their land, they won't grow as much and they will get more money and that will raise prices. Well, that is not really going to fix the problem, Glenn. In fact, two or three years after the AAA in 1935 we were actually importing corn to the tune of 35 million bushels, wheat to the tune of 13 million bushels, cotton to the tune of 36 million pounds because we weren't greedy enough in part because we were paying farmers not to produce the products we were now importing and that is called fixing the prices.

GLENN: May I ask you, Burton, and I don't know this part of history but I'm just guessing. The way we got away with importing all of this, not having an outcry was I'm guessing they sold it to the American people if they even knew about it at the time. They sold it to the American people as something of, we're helping the rest of the world and mending fences and being able to be protectionist in nature.

FOLSOM: I want to give him credit. He did reduce tariffs. He had the act of 1934 and he began to reduce some of those tariffs. And yes we were able to improve our trade relations but still that's at a price of the absurdity of paying farmers not to produce on part of their land and then importing some of those very products we were paying farmers not to produce.

GLENN: Okay, all right. So there we have farming. Then what else did we do?

FOLSOM: Well, the WPA was designed to build roads but here's the thing. And the same thing with the stimulus package, Glenn. You are going to build roads. It sounds good, you are going to build schools, you are going to fix bridges and all of this. But then the next question is who decides what bridges and what roads get built and fixed?

GLENN: Wait a minute, hang on just a minute. In the school thing, I don't know if anybody saw the speech last night but when he was talking about that one school from the 1800s that shakes when the train goes by, there's no money in this stimulus package to build new schools. Just thought I'd throw that out.

FOLSOM: Okay.

GLENN: But when you're talking about the work project program, you built Hoover Dam, you built gigantic projects that were good for the country. How could you possibly say that this program didn't work?

FOLSOM: Right. Well, the first -- as I said, the first thing is you have to decide who is going to choose which areas get built and which ones don't get built and what we found immediately was the Democrats were choosing, it's going to be our areas in our districts that are going to get rebuilt and we're going to use that rebuilding to seek votes from the voters. Yeah, I have quotes. For example, we have a fellow by the name of V. G. Copeland who is saying in the, "Hey, what I think will help is to change the WPA management from top to bottom, put men in there who are in favor of using these Democratic projects to make votes for the Democratic Party." You have another man, James Doherty, a New Hampshire Democrat that says, quote, "It is my personal belief that to the victor belongs the spoil and the Democrats should be holding most of those WPA positions so that we might strengthen our fences for the 1940 election" so you are going to get projects built but the Democrats are going to go out and say "We built the projects, vote for us" and they will not decide to vote for projects in areas that Republicans might like to have them built. So in effect you are transferring wealth to a political party.

GLENN: So really -- and this we're already seeing with Obama where he is taking the census and moving it away. 1903 the census moved to the commerce department and it's been there forever. Now he's moving it to the White House and Rahm Emanuel, which would indeed be a way to shift all of these projects and the money to Democratic areas. If you don't have an actual head count where you could just estimate, "Well, I estimate on that block over there, there's 2500 people living" and they could -- in fact, that's what these projects would do. They would move to those areas.

FOLSOM: I think you have a good point, Glenn, and I that I that kind of thing could possibly happen. Part of the thing is I can't tell much about President Obama's character yet. Roosevelt had very poor character and he was very quick to use a lot of money, federal money for political expediency. I think Obama really believes that the stimulus package will work. I'm not sure that Roosevelt completely believed that, but I do think he thought he could help the Democratic Party with it. If Obama really thinks the stimulus package will work, maybe he'll wake up when it doesn't work.

GLENN: Yeah... no. I think what Obama believes in is collective governance.

(Buzzing sounds).

GLENN: Excuse you. Are you shaving or -- with a buzz saw?

FOLSOM: I'm sorry.

GLENN: What is that noise?

FOLSOM: I'm sorry. We're chopping the stimulus package up, Glenn, into pieces over here.

GLENN: Okay. So listen, here's the thing. I think he believes in socialism, as many of the people did back in the New Deal and all they are doing is putting framework of socialism in here. Here's probably -- I don't like strawman argument. So I'm going to give you the toughest argument on the other side. The toughest argument on the other side, on Obama's side is this, and this comes from -- who is this, Stu? This is one of the -- yeah, this is one of the guys that's cited everywhere on, you know, pro, you know, pro FDR New Deal stuff. He says, I heard that, you know, the New Deal didn't work, et cetera, et cetera. On deeper examination I discovered that the right bases its New Deal revisionism on the recession on the years straddling '37 and 1938 but that was four years into Roosevelt's term, four years marked by spectacular economic growth. Additionally the fleeting decline happened not because of the New Deal spending programs but because Roosevelt listened momentarily to conservatives and backed off them. Nobel Prize economist Paul Krugman notes in '37-'38 FDR was persuaded to balance the budget and cut spending and the economy went back down. Tell me if any of that is true.

FOLSOM: That is a standard New Deal argument, Glenn. That is what you often get in the textbooks. What happened is Roosevelt had incredible spending and their argument is if he had only spent more and stepped it up in the late Thirties, it would have had more recovery potential. And what I'm suggesting is that, we doubled the national debt in the 1930s and that we had higher interest rates, we had instability and that was causing the lack of recovery.

GLENN: But did he have spectacular economic growth in the first four years?

FOLSOM: I would say that that's absolutely false unless you consider 15% -- it's slightly under -- unemployment to be spectacular economic growth. We've only had one period in American history, the 1890s, where we had unemployment that was anywhere near that high. I say that --

GLENN: If I'm not mistaken -- I'm sorry. If I'm not mistaken, when FDR got into office if you took three lines of men and you started in Los Angeles, they would go all the way, work lines, three mile lines of men all the way to Maine. When he left -- or in 1939 that line went from Los Angeles to Maine and then meandered down the coastline all the way into Virginia.

FOLSOM: Absolutely.

GLENN: So unemployment never went down. We were just shifting jobs from one group to another group it seems.

FOLSOM: We did have some ups and downs and sometimes the defenders of Roosevelt liked to take the low figure right there in 1936 and match it with the high figure when he came into office. But I think the fair thing to do is, hey, look at what happened in his second term. Unemployment steadily went up because of the instability. Roosevelt even put a tax on corporate undistributed profits. We have a 79% marginal tax on incomes and we simply have entrepreneurs refusing to invest in the economy and unemployment remaining high because of that.

GLENN: Will you do me a favor. Tonight I know you are going to join me on TV. Just have some of these stats and figures and look for a couple of things. Did in 1936 the Supreme Court finally allow the unions to finally come into play and do, just crippling business. I believe that passed in 1936. And then there was another thing if I'm not mistaken that you just mentioned, and explain this on television tonight because I've only got 10 seconds here, where FDR forced people if you didn't reinvest in your business, then you would be taxed and all that money would go away and the businesses didn't want to do it because of a possible other down turn and that is also what happened in that same year. If you can just cover that tonight on television on Fox, Fox News Channel, 5:00. By the way, the name of this book is New Deal, Raw Deal by Burton Folsom.

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 486,702 (up from 434,595 Yesterday)
  • Total Confirmed Deaths Worldwide: 22,022 (up from 19,603 Yesterday)
  • Total Confirmed Recovered Worldwide: 117,448 (up from 111,853 Yesterday)
  • 4% of Active Cases are considered serious (requiring hospitalization) Steady from 4% Yesterday, and down from 19% in February
  • Note that 12% of US Confirmed Cases do currently require Hospitalization, but that number is expected to drop toward the international average as more people are diagnosed through testing.
  • US has 65,581 Confirmed cases and 1,036 Deaths, up from 54,941 cases and 784 Deaths yesterday
  • US has 428 total officially recovered, against 1,036 official deaths. Again, US numbers are expected to normalize toward international averages as more mild cases are diagnosed.

Brother, Can You Spare $2 Trillion? https://www.cnbc.com/2020/03/25/coronavirus-stimulus-bill-updates-whats-in-the-2-trillion-relief-plan.html
  • US Senate Passes the largest economic stimulus bill in world history.
  • The Senate passes a roughly $2 trillion economic relief plan in response to the coronavirus pandemic.
  • It includes direct payments to Americans, strengthened unemployment insurance, loans to businesses small and large and increased health care resources for hospitals, states and municipalities.
  • Loans to small businesses are technically 'grants' covering payroll and rent payments. Grants do not have to be repaid.
  • It is unclear when the House will pass the legislation, though it aims to do so Friday.
Every American Will Get $1,200 in 2-3 Weeks, $2,400 plus up to 4 months Unemployment Benefits https://www.dailymail.co.uk/news/article-8152139/Every-American-four-months-unemployment-checks-earning-95-000.htm
  • Workers will get four months of unemployment pay plus additional $600 each.
  • Direct checks to Americans include 1,200 per adult making up to $75,000 a year before phasing out and ending altogether for those earning more than $99,000
  • That would result in $2,400 to a married couple making up to $150,000, with an additional $500 per child for each household.
  • 'Our expectation is within three weeks we will have direct payments out,' Treasury Secretary Steve Mnuchin said.
Cuomo Confirms What Introverts Have Long Known: Social Distancing Works https://www.scmp.com/news/china/article/3077011/coronavirus-new-york-governor-andrew-cuomo-says-early-signs-show-social
  • Stringent density control measures may be working to contain the coronavirus in New York state, the epicenter of COVID-19 outbreak in the US, as the rate of hospitalization shows early signs of abating, Governor Andrew Cuomo said on Wednesday.
  • New York, which has 19 million residents and nearly 31,000 infections, now accounts for 56 per cent of the confirmed cases in the country and more than 7 percent of the world's total.
  • Cuomo had ordered all but essential businesses to shutter by Sunday evening and residents to limit their outdoor activities and practice social distancing, effectively putting the state on pause.
  • On Tuesday, the number of hospitalized patients had doubled every 4.7 days, slowing from the rate of every 3.4 days on Monday and every two days on Sunday, Cuomo said at his daily coronavirus briefing.
  • "This is a very positive sign," he said. "The arrows are heading into the right direction."
Were the Beads Worth It? Mardi Gras Gets Blame for Big Easy Outbreak https://news.trust.org/item/20200325200808-oc1ie
  • "Mardi Gras was the perfect storm, it provided the perfect conditions for the spread of this virus," said Dr. Rebekah Gee, who heads up Louisiana State University's health care services division.
  • She noted that Fat Tuesday fell on Feb. 25, when the virus was already in the United States but before the Centers for Disease Control and Prevention and national leaders had raised the alarm with the American public.
  • "New Orleans had its normal level of celebration, which involved people congregating in large crowds and some 1.4 million tourists," Gee said. "We shared drink cups. We shared each other's space in the crowds. People were in close contact with catching beads. It is now clear that people also caught coronavirus."
  • New Orleans is on track to become the next coronavirus epicenter in the United States, dimming hopes that less densely populated and warmer-climate cities would escape the worst of the pandemic, and that summer month could see it wane.
  • Authorities have warned the number of cases in New Orleans could overwhelm its hospitals by April 4.
  • New Orleans is the biggest city in Louisiana, the state with the third-highest caseload of coronavirus in the United States on a per capita basis.
  • The growth rate in Louisiana tops all others, according to a University of Louisiana at Lafayette analysis of global data, with the number of cases rising by 30% in the 24 hours before noon on Wednesday.
  • On Tuesday, U.S. President Donald Trump issued a major federal disaster declaration for the state, freeing federal funds and resources.
US Military Officially On No-Travel Lockdown https://news.trust.org/item/20200325203242-zgoc4
  • Defense Secretary Mark Esper has issued a "stop all movement" order to the U.S. military halting travel and movement abroad for up to 60 days in an effort to limit the spread of the coronavirus through the ranks.
  • The measure is by far the Defense Department's most sweeping to date and will affect forces around the world.
  • Esper said in an interview that the order applied to all U.S. troops, civilian personnel and families, but noted that there would be some exceptions.
  • "The purpose is to make sure that we're not bringing the virus back home, infecting others, that we're not spreading it around the military," Esper said.
  • The order does include personnel who were to have been scheduled to be formally discharged from the Military in April or May.
  • Esper said one exception to the order would be the drawdown underway in Afghanistan, which will continue.
For The Best Darn Facemask In The Whole Wide World... https://www.foxnews.com/us/mypillow-other-us-companies-making-face-masks-to-meet-coronavirus-shortages
  • In Minnesota, the MyPillow company is refocusing 75 percent of its production to face masks for health care workers.
  • "We have the capacity to make a lot of things at big rates and we're going to be going hopefully from 10,000 units a day to 50,000 units a day in a very short period of time," CEO Mike Lindell told FOX 9 of Minneapolis-St. Paul.
  • The masks will go to hospitals in Minnesota as well as other states, he said. "Whatever it takes."
  • MyPillow worked with the Trump administration to get the proper design, Lindell told local Fox News 9.
  • Lindell joins literally hundreds of other companies in the US who have heeded the call of the Trump Administration to covert production to respirators, masks, ventilators, gowns and other needed medical equipment.
Further Evidence that COVID-19 Is Seasonal and May Spread Less in Summer Months https://news.yahoo.com/coronavirus-could-become-seasonal-top-us-scientist-001146451.html
  • There is a strong chance the new coronavirus could return in seasonal cycles, a senior US scientist said Wednesday, underscoring the urgent need to find a vaccine and effective treatments.
  • Anthony Fauci, who leads research into infectious diseases at the National Institutes of Health, told a briefing the virus was beginning to take root in the southern hemisphere, where winter is on its way.
  • "What we're starting to see now... in southern Africa and in the southern hemisphere countries, is that we're having cases that are appearing as they go into their winter season," he said.
  • "And if, in fact, they have a substantial outbreak, it will be inevitable that we need to be prepared that we'll get a cycle around the second time," Fauci said, referring to a 2nd cycle in the US late next fall in November or December.
  • "It totally emphasizes the need to do what we're doing in developing a vaccine, testing it quickly and trying to get it ready so that we'll have a vaccine available for that next cycle."
  • Fauci's comments suggesting the virus does better in colder weather than it does in hot and humid conditions follows a recent Chinese research paper -- still preliminary and awaiting peer-review -- that reached the same conclusion.

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 434,595 (up from 392,156 Yesterday)
  • Total Confirmed Deaths Worldwide: 19,603 (up from 17,138 Yesterday)
  • Total Confirmed Recovered Worldwide: 111,853 (up from 102,850 Yesterday)
  • All 195 Countries On Earth have confirmed cases Antarctica (not a country) Still No Confirmed Cases. Penguins officially confirmed to NOT be carriers for COVID-19.
  • 4% of Active Cases are considered serious (requiring hospitalization) down from 5% Yesterday, and down from 19% in February
  • Note that 13% of US Confirmed Cases do currently require Hospitalization, but that number is expected to drop toward the international average as more people are diagnosed through testing.
  • US has 54,941 Confirmed cases and 784 Deaths, up from 46,168 cases and 582 Deaths yesterday
  • US has 379 total officially recovered, against 784 official deaths. Again, US numbers are expected to normalize toward international averages as more mild cases are diagnosed.

LA County Sherrif Orders Gun Stores Closed https://www.foxla.com/news/la-county-sheriff-orders-gun-stores-to-close-adds-1300-deputies-to-patrol
  • Los Angeles County Sheriff Alex Villanueva declared gun stores as nonessential businesses that will be forced to close.
  • The Sherrif also confirmed that he's released 1,700 nonviolent inmates from county jails.
  • Villanueva also said he's adding 1,300 deputies to patrol.
America Loses 500,000 Millionaires to COVID-19 - Bernie Sanders Elated https://www.msn.com/en-us/finance/markets/america-e2-80-99s-millionaire-ranks-shrink-by-500000-in-record-time/ar-BB11DrqN
  • At the close of 2019, there were an unprecedented 11 million American millionaires, a reflection of the longest bull market in history thanks to ultra-low interest rates and tax cuts.
  • Fast forward just a few months and it's a starkly different picture. The number of households in the U.S. above that threshold has dropped by at least 500,000 as of Friday, according to research firm Spectrem Group.
  • The tandem financial and health crises wrought by COVID-19 have disproportionately eroded the fortunes of the wealthy, who are more likely to own equities than the overall population.
  • At the end of 2019, the top 1% of households owned 53.5% of equities and mutual fund shares, according to Federal Reserve statistics.
  • The losses affected the rich at every level, from the mass affluent to those worth more than $25 million, according to the report. The wealth destruction at the very top has been especially steep, with the top 1% of households losing over $7.9 Trillion in wealth so far in 2020.
50% of Americans Living Under Shelter In Place or Home Quarantine Orders https://www.washingtonexaminer.com/news/more-than-half-of-us-population-will-be-under-orders-to-stay-home-by-midweek
  • The majority of the public will be ordered to stay home in the coming days as the coronavirus pandemic sweeps the nation.
  • A total of 13 states and at least 16 municipalities have enacted measures to keep residents inside their homes to prevent the spread of the virus, according to CNN.
  • That number, which amounts to 148,577,262 people, or 45% of the population, is expected to grow this week as five more states and nine more municipalities institute additional measures.
  • After the new orders go into effect, a total of 176,385,537 people, or 54% of the population, will be asked to stay home.
  • Many states and cities have not named a specific date, although some, such as LA County and the State of New York, have identified April 19th as the target 'end' of the at-home quarantine orders.
Uniformed Military Personnel Set Up Make-shift Morgue Outside NYC Hospital https://nypost.com/2020/03/24/makeshift-morgue-for-coronavirus-victims-set-up-outside-nyc-hospital/
  • In a scene reminiscent of Hollywood disaster movies (and more recently China, Italy and Spain), US Military personnel have set up a tent-based morgue outside of Bellvue Hospital in NYC.
  • Two refrigerated trailers were trucked to the site at 30th Street and the FDR Drive, along with a customized RV with a printed sign labeled: "MOBILE COMMAND CENTER — MEDICAL EXAMINER."
  • A team of men wearing camouflage fatigues and face masks set up a series of white tents that form a tunnel to a larger, white tent.
  • Other men wearing jackets that identified them as members of the NYPD and the city's Office of the Chief Medical Examiner were also at the scene.
  • A source familiar with the operation said that additional refrigerated trailers would be brought to the site and that similar set-ups would be built up outside other hospitals.
  • "The plan is for them to be there and throughout the city," the source said, with as many as 6 temporary morgue locations near hospitals in New York City.
UV Rays Proven to Destroy SARS-Cov-2 Virus https://www.accuweather.com/en/health-wellness/what-infection-rates-in-iceland-and-australia-may-reveal-about-how-covid-19-could-spread-in-the-us/707057
  • The infection rate for COVID-19 is 22 times higher in Iceland as compared to Australia.
  • The research comes as scientists in Hong Kong demonstrate that SARS-CoV-2, the virus responsible for COVID-19, is easily destroyed with UV light, just like all other known Coronaviruses.
  • "Direct exposure to UV light breaks down the membrane that houses the RNA of the virus," Dr Lon Kiang, lead researcher of the study said. Without the membrane, the virus cannot attach itself to healthy cells in the human body.
  • "This was expected, but is still certainly good news," he said.
  • Researchers said the findings may indicate that the virus will have a harder time spreading during warmer summer months, when more UV light strikes surfaces, including clothing and human skin, which may contain viral particles.
  • Scientists warned against directly and intentionally exposing skin to UV lights, which can cause burns and carries other risks, such as Cancer.

The mainstream media and the left are eager to report anything negative about President Donald Trump, even if it turns out to be Chinese Communist Party propaganda and disinformation.

On "GlennTV," Glenn uncovered some of the lies China's Communist Party is peddling to its own people and the rest of the world.

Watch the video clip from GlennTV, available exclusively at BlazeTV.com.

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Diagnosed with pneumonia and coronavirus, Rio Giardinieri, 52, was admitted to the ICU at Joe DiMaggio hospital in South Florida. After more than a week without showing any improvement, doctors told him there was nothing more they could do. Desperately ill, Giardinieri started saying his "goodbyes" to family and friends.

That's when a friend told him there was a potential "cure" for coronavirus, an anti-malaria drug called hydroxycloroquine. Though doctors at the hospital said they couldn't prescribe hydroxycloroquine, they put Giardinieri in touch with an infectious disease doctor who authorized the use. The next morning, he says he woke up feeling "absolutely perfect."

Giardinieri joined Glenn Beck on the radio program Tuesday to share his remarkable story and to weigh in on why he thinks information about this promising treatment for COVID-19 isn't being made more readily available.

"I'm not a scientist. I'm not a doctor. I can just tell you how I feel. And I know that I was not doing well. In my mind, I didn't believe I was going to be here by the morning," Giardinieri said. "I don't know what else to attribute [for recovery] but that medicine ... and it's not just me that it's worked for. There're many people this has worked for. So, you know, I certainly understand the hospital's position. They may not be too happy me telling the story. But the facts are the facts."

Watch the video below to catch more of the conversation:

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