Glenn talks with the Architect


Follow Karl Rove at http://www.rove.com

GLENN: From Radio City in Midtown Manhattan, third most listened to show in all of America and we're strangely proud of that. Hello, you sick twisted freak. My name is Glenn Beck. And Mr. Karl Rove is on the phone with us. Karl, are you there?

ROVE: I'm here. We're number 3, we're number 3

GLENN: Do you know anybody who's proud of that? Karl, let me

ROVE: There's a lot to be proud in that

GLENN: Really?

ROVE: Yeah.

GLENN: Number 2 works harder, is always looking behind him saying who's going to knock me off. I figure nobody ever gets up in the morning and says, man, I'm going to beat number 3 today.

ROVE: You'd be surprised. There are lots of people that would love to be number 3, and moving up rapidly.

GLENN: Okay. So Karl, do you mind if I share what my recollection is of a conversation that we had off the air about, I don't know, a month or so ago?

ROVE: Sure, go ahead. Clean it up, though. No profane language.

GLENN: My recollection is that we were talking and I said to you, Karl, how much more can we take? How many more body blows to our economy can we take, especially with these out of control deficits? And you said, Glenn, my real concern if I remember right is if we check in July and we see that our deficit is at or above $1 trillion, we are really in trouble.

ROVE: That's close, yes. The trillion dollar mark, if you are projecting the deficit of $1.8 trillion for the fiscal year as the administration is, you are going to hit a trillion sometime; the question's when. What I was worried about is July 15th's what's called the MSR, Mid Session Review. If we had hit a trillion significantly before that, the middle of July, then we're in trouble. And the latest deficit projection is that we crossed the trillion mark, you know, a week or so ago.

GLENN: And we were $1.1.

ROVE: 1.1.

GLENN: Right.

ROVE: Which means that I would not be surprised that in essence tomorrow or the day after that the Mid Session Review comes out with a number that bumps up that $1.8 trillion deficit number. And the reason

GLENN: To what?

ROVE: The reason that we crossed the trillion dollar mark is the pace of government spending and then a decline in revenues through less economic growth. And what I'm worried about is that the spending is not simply the stimulus. The stimulus has yet to kick in, a lot of it. What it has to do, the normal and ordinary function of government, remember congress passed an expansion of the Children's Health Insurance Program, SCHIP and it passed the so called omnibus. Last year Bush said, look, I'm going to limit spending to this amount of money. We had a $391 billion discretionary budget in the previous fiscal year. For FY '09 congress said we're going to limb it to 393. Congress said we want more than that. So what we'll do is pass a half year budget, hope we elect a Democrat and add spending onto it which is exactly what they did in January. All of those things point to chronic increases in discretionary domestic spending not just this year but in future years which means the deficits are going to stay high.

GLENN: Okay. So how much are we now projecting that our deficit will be, do you think? If they were projecting $1.8, we're halfway through and we're at $1.1, we should have been under a trillion dollars. So are we looking over $2 trillion now?

ROVE: Well, that's why we need to rely on the propeller heads and the in other words who calculate these things but my back of the envelope scratchings that we're going to end of significantly to $1.9 trillion and I would not be surprised to see us close in on $2 trillion

GLENN: All right. There's a Morgan Stanley report out that says our deficits will likely average as much as 6% of GDP through 2019. The debt will be 82% of GDP by then, by 2019, a doubling over the next decade. They say that because of what the government is doing now, deficits and debt will rise even sharply, more sharply after 2019 because of, we all know that Medicare and Medicaid and everything else is I mean, is just not workable and we've always known that 2019, 2018 area is when that thing collapses and goes into the red. So they are saying that we're going to have 82% of our GDP will be debt and then it gets bad.

ROVE: Well, and look. This is a rosy projection. Remember the administration's own projections call for the deficit to be, I think it's about 86% the national debt to be 86% of GDP by 2019. The administration's own projections, which are even you know, which are rosy, not as rosy as the ones you just mentioned say we will double the size of the national debt in the first five years of the Obama administration and a second term if he gets one and triple it, nearly triple it in 10 years. And that's their plan. That's not their you know, that's not the, "Oh, we're fearful of this, therefore we're taking steps to stop it." That's as a result of them increasing spending. And I frankly think it's going to be even worse than that. Let me give you one example. The budget, the federal education budget for elementary and secondary education for the Department of Education was last year roughly $40 billion. The stimulus plan doubled it. It gave $41 billion as part of the educational department in one year which means the budge goes from $40 billion roughly to $81 billion. Now, who next January when they start voting on the budget for FY '11, who is going to sit down and say, you know what, I voted for the budget and the stimulus and that left our education department budget at $81 billion. Oh, and that $41 billion we gave for stimulus, oh, that was a one time thing. So I'm going to vote for budget and go home and have my opponent be able to say he voted to cut the education budget in half. And that's going to be repeated ad nauseam throughout the government. My back of the envelope scratching showed that FY '08 Bush budget discretionary spending was $391 billion. Bush proposed $393 billion for FY '09. The Democrats omnibus kicks it actually up somewhere north of $408 billion. I think by next year we should not be surprised to see a discretionary domestic baseline for the budget of in the high 500s or the low 600s. It could be as high as $700 billion. Depends on how the budgeteers write it.

GLENN: Okay.

ROVE: You're stunned.

GLENN: You know what, because it absolutely makes sense. You are exactly right. I never even thought of why they were putting this one year stimulus money into these programs, but you're absolutely right. No politician is going to be able to say, "I cut the budget by 50%" and get away with it unless this country is on such fire that and everybody is awake and says, "You're damn right, and you should have cut it by 80%."

ROVE: Right.

GLENN: But I don't know if that's going to happen. So Karl, two questions. The first one, I know you are an optimistic guy and believe it or not, I am, too, as long as we allow entrepreneurs, as long as we allow Americans to solve their own damn problems. But we're coming closer and closer to erasing the entrepreneurial spirit. We are becoming closer. We're moving rapidly to the same kind of entrepreneurship that is in Europe, which doesn't exist in Europe! So how do we, A, solve this quickly enough before the people in Washington absolutely snuff out everything that made America strong?

ROVE: Well, unfortunately in the short run our only option is to fight and stop. Stop cap and trade tax and energy tax. It would absolutely devastate our economy. Stop the healthcare reform with a public option. You know, if we were to pass a government run health plan that would compete with private industry, government can set prices, undercut the private plans, collapse the private insurance market, they would have a willing partner in a lot of big business. If you are a big business, you want to have be able to shift that cost off to the you know, so what, you know. Pass it on to the individual. Big businesses. Big businesses understand that the cost of any kind of healthcare reform involves a public plan and a government takeover of healthcare is going to be largely paid by increased income taxes paid by individuals, not by increased business taxes. So if you are a General Electric or some big enterprise, you know, your CEO may have his Chief Financial Officer in there saying this is a good deal because it shifts the cost from us to the American taxpayer and we businesses won't be tagged as hard as the individual American taxpayer; this will improve our balance sheet. Now, small businesses understand better, particularly since so many small businesses pay on the individual tax rates, that this is going to devastate small business. We've got to stop things. That's not enough

GLENN: That gets hang on. But that gets to my second question. Karl, I don't know if you have the ability anymore, because you're Karl Rove, to actually talk to regular people, but regular people are tired. They don't know what to do.

I was giving a speech on Saturday. I was at a fundraiser and I said, you have got to stand up; our very existence is at stake here. You've got to stand up. And a guy up in a balcony, he shouted down, he said, "We call; they don't listen to us! What do we do!" How would you answer that?

ROVE: Well, they do. First of all, call and be respectful but call. Find out the district director's name of your congressman or senator in your area and call them by name. Write a letter to the member of congress. Show up when they come to your area.

I got an e mail the area day from an old friend of mine, lives down in Panama City, Florida. Congressman Allen Boyd, a so called blue dog who voted for the cap and trade energy check showed up you the Gulf Coast Community College and 300 people showed up to protest him and they were so vociferous in their comments I hope they were respectful but they were so pointed in their opposition to the energy tax that he did not take questions at his so called open house town hall meeting and he left through the back door. And I mean, he got the message. And look, I still believe in the power of the American people.

GLENN: So do I.

ROVE: I believe that if the American people stand up as they did at the tea parties, that was a powerful signal. And if you don't think members of congress heard about that, then you cannot explain why 40 some odd Democrats voted against the energy taxes because guys who were in vulnerable districts remember, there are 60 let's see. There are 63 members of the House whose districts were carried by George Bush twice. There are 49 members of the House who are Democrats whose seat was carried by John McCain. You've got to be damn nervous if you are one of those 70 some odd total people who are sitting there saying, you know what, my district was carried by the Republicans in the presidential race, I'm a Democrat and I'm voting for this silly stuff that's going to get me beat. So I believe in the power of the American people.

Now, am I a little bit more scared than I was two weeks ago and a heck of a lot more scared than I was five months ago? You bet I am. As I go around the country and guess what. I do run into ordinary people as I do. I'm going today to Iowa and then I'm going to be in Missouri and then I'm going to be in Texas and then this weekend I'm going to be out in West Texas. Wherever I go people come up to me and say I'm frightened for my country. And I try and reassure them because I do have confidence in America, but I've got to tell you the radicalness of this agenda and sort of the arrogance about what they are doing to us

GLENN: Wait, wait. I don't what was that?

ROVE: A little badly pronounced French. Parlez vous francais?

GLENN: No, and proud of it.

ROVE: No, no, remember there's a conservative who's the president of France.

GLENN: Right. Yeah, I love him, too. Okay, so Karl, look. I have the same belief in America because I believe in the American people. And maybe this stuff does matter because I just said to Karl Rove and 8 million people what one guy stood up and yelled at me, you know, from a balcony. So I guess it does make a difference, but I really think that we're approaching a point that I warned against two years ago, that if the people in Washington don't stop injuring the people and start listening to the people, we're entering a dangerous time. And it really frightens me because that will spiral out of control like crazy. It will push these control freaks in Washington, I mean it will move their agenda, you know, at hyperspeed. You disagree?

ROVE: I don't well, I might disagree on the edges, but the bottom, the fundamental point is this: If what you're saying, and I think this is what you're saying: If they pass certain kinds of policies, it tips us over. If they pass a government run takeover of the healthcare plan, of our healthcare in America, it's going to be hard to undo that. There's a lot that we can do. They raise taxes, we can lower taxes. They put in place regulations, we can change regulations. But if they put in place some of these fundamental game changes that make us look like a European social democracy, it's very hard to undo it.

GLENN: Are you one of the guys that believes that this talk about a global dollar or a new reserve currency or Al Gore last week saying, you know, this cap and trade is great because it's going to give us the infrastructure of a global government, are you one of these guys that thinks that this is all just hype or that some of these countries mean dump the dollar maybe not today, but we need to get out of the dollar because these guys are trashing it?

ROVE: I don't think we look, I believe in a strong American currency. I think it's, you know, look, the ordinary person's not capable of sort of making great judgments about what currency to invest in. So I'd like to stay focused on getting the right kind of policy to keep the American dollar strong. But you are right, whoever controls the money controls the policy and if we surrender control of America's currency to an international agency or to an international alliance, it's a problem. You know, we led the world in setting rules for international trade and finance in the aftermath of World War II, and it served the world well and it was based around the U.S. dollar. I think that

GLENN: How about surrendering the control of the dollar to the Fed which, should the Fed, should the bill on transparency for the Fed pass?

ROVE: Well, look, we made that decision in 1912. Frankly it was to our advantage to have a strong central bank. If you look at the history of the American currency during the 19th century, there were erratic swings in its value. We had because we did not have a strong central bank that could sort of iron out the wild swings we had, you know, boom and bust where we didn't need to have it.

GLENN: But that's not the question. I disagree with that, but that's not the question. The question is should there be transparency?

ROVE: Absolutely. There should be more transparency. I mean, I do want the bankers to be able to move rapidly with some opaqueness for a period of time. But over the long haul the actions of the bank have to be transparent, and I'm troubled frankly about the dramatic expansion of the balance sheet of the Fed, the things that they have done in order to stabilize the economic system, the banking system are going to have to be paid for at some point. If you are keeping interest rates as low as they are, at some point interest rates are going to need to rise. If you have the balance sheet of the Fed Ex up and downed and balloon so rapidly, at some point you are going to have to begin to pull in and to deleverage and, you know, leveraging up may help but deleveraging is going to hurt.

GLENN: Yeah, okay. Karl Rove, thank you very much, I appreciate it, sir.

ROVE: You bet.

GLENN: And safe travels.

ROVE: Thank you, sir.

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:

Want more from Glenn Beck?

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.

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:

Want more from Glenn Beck?

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.

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:

Want to listen to more Glenn Beck podcasts?

Subscribe to Glenn Beck's channel on YouTube for FREE access to more of his masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, or subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.