Glenn Beck with Jim Cramer - Getting Back to Even



Getting Back to Even


by Jim Cramer

GLENN: A guy who has been saying that the stock market is going to rally if Brown wins is Jim Cramer. Is Jim on the phone?

CRAMER: You bet.

GLENN: Hey, Jim, how are you?

CRAMER: Oh, thanks for having me, Glenn. Just delighted to be here.

GLENN: Not a problem. You've got a book out Getting Back to Even when I have to talk to you about because it's a way to protect your money and I say food and gold and bullets.

CRAMER: Well, I'm very much pro gold. So I'm with you on that one.

GLENN: All right. So Jim, before we get to any of this, let me talk a little bit about what you think is first of all, do you think Brown's going to win today?

CRAMER: Yes, I do. I think that in the last 72 hours it's come to fruition the notion that we can move to the center if this election goes the Republican way. And I think there's a lot of center Republicans in Massachusetts who are often viewed as being leftwing Democrats. So it's very positive.

GLENN: Do you really think this administration now, you are a guy who voted for Barack Obama.

CRAMER: True.

GLENN: And you know how I feel about Barack Obama. I think he's a wee bit of a radical.

CRAMER: (Laughing).

GLENN: Do you really think he is going to move to the center?

CRAMER: No, not at all.

GLENN: Not at all?

CRAMER: Because he's not a that's not what it's about to me. I think it's the country saying that we are tired of the left but that the people who are running the country, the Pelosi proletariat as I joke on my show but we know how realistic that is.

GLENN: Yeah, that's not a joke.

CRAMER: They are not interested in what the Massachusetts voters think. They have an agenda. And I don't think the agenda gets changed by anything. I just think the agenda has less of a chance of passing. That's what I care about.

GLENN: You don't think that they will pass it anyway? I mean, you know, they are already talk Pelosi said we're going to pass it anyway.

CRAMER: Well, good. I mean, she talks a very big game. And by the way, I expect that healthcare bill to be on the president's desk by Labor Day. Remember that one? I mean, look. This is one of those things. I'm a stock guy and I come at it from the stock point of view and I'm seeing a lot of companies rally today that would normally you think be penalized by the government. It's not just healthcare. There's a notion

GLENN: It's everything.

CRAMER: that the stock market is related only somehow to fat cats on Wall Street, and there are a lot of fat cats. That's in the administration. I wonder if it's because no one's had a job in the private sector.

GLENN: I would agree with you on that.

CRAMER: Yeah.

GLENN: You know, here's the thing. I run a small business here in New York which is becoming more and more impossible to do. The problem with this economy is that people who actually create jobs I probably would have created another, at least another ten, maybe twenty jobs in this last year than I have already. Had I known that the government was stable, they weren't going to change the rules on me, they are not going to continue to penalize me, they are not going to make doing business harder and harder every step of the way. Until you stop this progressive slide into, I don't even know what the heck you would call this now where they are coming after businesses that they choose to come after and build up the businesses that they choose to build up, you are never going to be able to have the free market recover.

CRAMER: Well, I agree. A bunch of us who are members of the police athletic league and the elks bought an in recently in New Jersey and everyone tells me what an idiot I am to be involved in it. And it's not because of the business. It's how do you know what the costs are going to be a year from now, whether it be taxes, whether it be healthcare. I mean, how could you ever be so imprudent? How could you ever be such a, if you call yourself a businessman, how can you possibly buy a business in this environment given the fact that the government could intervene heavily? I don't think this would have been said a decade ago, but it is front and center with why people think I'm such a joker to be involved in a new business.

GLENN: You know, during the depression they said that the uncertainty of the government was worse than the high taxes. We're back here again.

CRAMER: I think that's right. I mean, are we paying $6,000 a month for healthcare for people? Is it $3,000? Is it $9,000? Are we in the business of providing healthcare for people who, you know, were unfortunate enough and unfortunate to get, not to have a job? Is that what my in is going to be taxed at? I don't know. I think what it comes down to is it's just a lot better to be able to hunker down and not create a business. That's not what we want in the country because the people who hire people are the people who are thinking like you and me, that maybe it's worth it to create or hire.

GLENN: I have David Walker on. You know who David Walker is?

CRAMER: Oh, yeah, he is very like you, a very common sensical guy. He says a lot of smart things.

GLENN: I have him on television tonight to talk a little bit about the unsustainability of our debt and everything else. How concerned are you about that?

CRAMER: I think it would have to be from the point of view that I get to keep 45% of what I make and I think that it is perfectly reasonable to think with the people who don't believe that growth is going to lower the deficit that I IT's going to go down to 35 and when it gets to that 35 level, I start to think, well, what's the point. I believe that there's two ways to solve this problem. One is to get this economy really growing and that will cut the deficit. And the other thing is to try to tax it. And that won't cut the deficit but it will look good for people who are so called prudent.

GLENN: Right. But that's the way, that's the way they are going to go in Washington because again they don't know how to create jobs. They never have.

CRAMER: That's right. They never have. When you work for the government all your life and by the way, remember government workers now make more than people in the private sector.

GLENN: I know that.

CRAMER: They have a better pension plan. You start thinking, well, what am I doing in this private sector? Why don't I try to get a job with the government?

GLENN: So Jim, tell me what you what we could create in this country that would pay off this deficit. I mean, I think we are we have to have the equivalent of the Industrial Revolution or the early 20th century, you know, the 1940s kind of production. There's got to be something that completely changes the paradigm to be able to pay off this debt.

CRAMER: I think it's very important that everyone who is, and I'll regard myself as a carper, right now a carp to come up with a plan so that you are not just being destructive. And I have two elements of my plan. One is that there is $2.2 trillion in infrastructure that would bring our country current with other countries. That is a classic old Democratic view. So that's not something that's radical. The other is that we have we passed Russia as the largest producer of natural gas this year. We were probably not even in the top ten a few years ago. We've had tremendous discoveries of natural gas. It costs very little. We would be able to lower the deficit, become independent of people who I just regard as our enemies cite frankly, I'm not going to mince words. And the number of people who are employed at high paying jobs to be able to get natural gas out of the ground and ship it by pipeline would be remarkable and this is something that a classic I think mid, midrange Democrat like Windell has really endorsed. This is a game changer. We would be able to become energy independent from the bad guys, our costs for energy would go down, our balance for payments would go up, we would create hundreds of thousands of jobs, and this is being fought hard by this administration, hard.

GLENN: I'm called crazy when I talk about gold, or I'm told that I'm just doing it for profit which apparently is evil now in this country.

CRAMER: Yeah, I know. It's because profit it makes it so your kids can go to school. I don't know what you are all about. You probably don't people just want to get the free ride?

GLENN: Yeah. I mean, you know, why would I do that? You say you're pro gold.

CRAMER: Every portfolio I believe has 10% gold as a hedge against craziness and I think as a guy who runs Mad Money, I obviously have some insight into craziness.

GLENN: I've watched you.

CRAMER: It's important for everyone to recognize that the world has changed. 20% should be in foreign because there's a lot of stable governments like Brazil that are more stable than I think what we're offering right now for business. It's interesting. I had the

GLENN: Hold on. Hold on just a second.

CRAMER: Sure.

GLENN: Stu, do you remember when I said that prediction? Two years ago.

STU: Yes, yes.

GLENN: I said Brazil will be more stable than the United States. Remember?

STU: Amazing.

GLENN: And here it is.

CRAMER: Better currency, yeah, stronger policy on the budget deficit, a belief in capitalism will create jobs and grow the pie. You know, but I have to tell you just so we know how far gone we are. One of the five largest oil companies in America, Anadarko, Jim Hackett, really a no nonsense CEO said, look, I've got to tell you, right now it's so much easier to do business in, are you ready, Ghana than the United States, Ghana.

GLENN: How do you sleep at night? You voted for the man.

CRAMER: Well, you know, I still have high hopes that at a certain point the country recognizes that he can swing left. Look, I have to tell you

GLENN: So in other words, what you are saying is that ant can move that banana tree plant?

CRAMER: Pelosi, as I say often on my show, you know, we are in a moment where there's a congress person who is very, very powerful, obviously maybe the most powerful person in the country, and she is if he were to break from her, I think we might see a different president. But as I say on my show

GLENN: Oh, come on.

CRAMER: the dictatorship of the Pelosi proletariat.

GLENN: You are saying, you are blaming Nancy Pelosi, one of the most inept, just screwed up individuals you can find over Barack Obama and the team at the White House, you think David Axelrod and Rahm Emanuel and Barack Obama are being led by the nose?

CRAMER: No, no.

GLENN: By Nancy Pelosi?

CRAMER: Always hopeful. Always hopeful.

GLENN: I wish you were, I wish that were true.

CRAMER: I'm a hopeful thinker.

GLENN: Holy cow.

CRAMER: I'm an optimist and maybe that's because I'm from Philadelphia and I'm always hopeful that things will go my way.

GLENN: Okay, so Jim, your book, Getting Back to Even, you say that if Brown wins today, the stock market's going to go through the roof. How long does that last before you realize, oh, these Marxists are just going to keep going anyway?

CRAMER: Your term. But the essence of what I've been saying fortunately is happening right now as people are beginning to anticipate that the woman who believes that Curt Schilling is a Yankee fan is probably going to fall. And I think that we're stealing from tomorrow's rally. What I like, though, is it's not just concentrated in the drug companies even though they are going nuts and the healthcare maintenance companies but in basic American industries where it appears the people think that maybe if Washington were to play a smaller role that profits would come back. And one of the things that's kind of a longstanding thing that maybe the government isn't aware, when profits come back people hire and profits are good. Now, I know the president was on record last year as saying now is not the time for profits. I'm hoping that there's a transition period where profits are recognized as not being the enemy.

GLENN: I've got to, I've got to unfortunately I have to go. I'd love to have you back on because I want to talk to you more about the different things that people can do and I also want to talk to you a little bit about the unions and good heavens, the

CRAMER: You mean look for the union label and sell has been my philosophy for at least

GLENN: All right. Jim Cramer, it is a real pleasure. Name of the book is Getting Back to Even.

CRAMER: Thanks, Glenn.

Christians are conflicted when it comes to President Donald Trump. Some proudly support him and his policies, while others just can't accept the man behind the boorish language.

Ruth Graham, daughter of the late evangelist Billy Graham, joined Glenn Beck on "The Glenn Beck Podcast" this week to make a case for the president from a Christian's point-of-view.

Watch a the clip from the podcast below:

Watch the full interview below:


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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.

Use code GLENN to save $10 on one year of BlazeTV.

WATCH: Dem goes to Trump rally and realizes Dems are screwed in 2020

Image source: BlazeTV screenshot

On Thursday's radio program ,Glenn interviewed Dr. Karlyn Borysenko, who described what it was like attending a President Trump rally as a Democrat. She told Glenn Beck that crossing party lines is nearly forbidden in liberal circles but she branched out anyway — and learned quite a bit about the other side.

Watch the video below for more on this story.

youtu.be

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Ryan: Bernie at the airport Holiday Inn

Photo by Sean Ryan

(Part One) . (Part Two). (Part Three).

Some poor guy booked a hotel at the Holiday Inn Airport Conference Center in Des Moines on February 3, 2020, assuming it would be a harmless Monday night. Only to find himself in the middle of an overflowing Bernie rally on the night of the caucuses.

For the record, the man was not a Bernie Sanders supporter. Far from it. He popped his head backward when I told him where I work, smiling. Well, grinning, to be precise.

*

After her speech, Klobuchar wandered into the crowd, immediately submerged. Selfies. Everybody wanted them. A minute later, the other candidates began to appear on screen, giving speeches.

"Bernie," asked Justin Robert Young, host of Politics Politics Politics.

"Bernie," I said, and we paced to the car and lurked out onto the depopulated streets and the trenchant cold. But we were both bright with excitement, a couple of detectives. The valet attendants in their satin outfits saw two oddities, and they were right.

Justin Young and I had just left the Des Moines Marriott Downtown for Amy Klobuchar's "Amy for America caucus night party." She gave her speech, in a brilliant maneuver. I skated the Nissan down empty streets, quietly listening to Bernie's speech on the Iowa Public Radio station.

"I love this, what we're about to do," I said, gripping the wheel, words hurried, leaning forward, tapping my left boot. "We're going to hear Bernie talking, then we'll park, then walk through some doors and we will stroll into that very room as Bernie is giving the speech that's being broadcast to millions of people."

It was like how in the game Mario Bros., Mario can jump into giant green storm drains, occasionally. Like leaping into the television and joining the cast.

"There's nobody out on the roads," one of us said. "Holiday Inn, right up there." As broad-winged commercial airplanes floated overhead. We scoured for a parking spot and each second felt wasted. Urgent. We needed to be inside that hotel. But there was nowhere to park. Even the illegal spots were taken. Cars had creviced every inch of parking lot and curb and all that, had even jammed into dark pyramids of sludge.

*

Rita Dove wrote, "I prefer to explore the most intimate moments, the smaller, crystallized details we all hinge our lives on."

*

There were so many more journalists press at Bernie's event that the only media spots left were in the overflow room, which itself seemed at capacity. Dank, too. With a heavy vibe, like a sinister library.

The entire hotel exuded gloom. A quietness you hear in locker rooms after a game that should have ended differently.

Bernie supporters, dazed, stomped out into the snow, or to the bathrooms, or just in need of a bit of stomping.

*

Back to Beechwood Lounge, where we watched the Super Bowl a day earlier. Although it felt like a week had passed since then.

Approaching midnight, by that point.

Because Justin consumes politics with an all-encompassing urgency. As if it's a duty. He's clearly studied history and politics for years. Part historian, part political scientist, but also part reporter and part comedian. On one hand, he's guided by the old school approach to journalism. Objectivity. Solemnity. Accuracy.

An American has the right to tell nobody who they voted for. Or maybe it's a cultural thing.

Snow everywhere you look, piles of it full of gas and oil, and rubbish as well. That day was unseasonably warm. The next would plummet us into literal freezing. The kind of day that slows everyone down. With all that ice, you have to be cautious about every step.

Shame is for the uninitiated.

Thanks for reading. New stories come out every Monday and Thursday. Next week, a look at Socrates' sarcasm and Cardi B's political aspirations. Check out my Twitter. Send all notes, tips, corrections to kryan@blazemedia.com

In 1990 Michael Bloomberg's employees created a short book full of crude, sexist, and shocking quotes he allegedly said at work, including one story that has him telling a female employee to "kill it" after she announced she was pregnant. Sadly, that story has him fitting right in with the Democratic party in 2020.

The booklet, titled, 'Wit & Wisdom of Michael Bloomberg,' has resurfaced to haunt the Democratic presidential candidate after "The Washington Post" published the full text on Saturday.

On the "Glenn Beck Radio Program" Monday, Pat Gray and Stu Burguiere (filling in for Glenn) shared some of the less colorful (many were too lewd to be repeated on radio,) but no less disgusting quotes.

Watch the video below:

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