Neil Cavuto Interview

GLENN: From Radio City in Midtown Manhattan, the third most listened to show in all of America. Hello, you sick twisted freak. Welcome to the program. Everybody talking about the economy today. As you know, I have been pounding since August that we were in for real trouble, that we were in for the 1970s, especially if we have a Democratic congress and presidency and if we put any more pressure on the table, anything like a bad terrorist attack that I believe we could see the 1930s all over again because there is just a lot of fear out there and there is some fundamental things that are happening with our banking system and just the fundamental system has some real problems with it. I want you to know that usually everybody is yelling at me because, oh, yeah, Mr. Doomsday. Well, let me tell you. Today I'm an optimist. This is not -- this is the beginning of a soft landing, I hope. You know, I've told you for a while the best scenario is to land this thing and put this economy down on the ground and land it softly. Hopefully it won't just fall out of the sky with some sort of downward pressure of some, you know, big incident that happens on the globe and I think this is just a sign of the soft landing and it's good news. And as of 11:07 a.m. Eastern time, the Dow is down 89 points. The guy who I'm running a warm tub for right now, Mr. Neil Cavuto. How are you, Neil?



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


FOX Business Network

CAVUTO: Hi, Glenn, how are you?

GLENN: I'm fine. You know, it's better if you slice them not across but lengthwise.

CAVUTO: Got to be ice.

GLENN: No, it has to be warm. Has to be nice and warm and just kind of drift off to sleep, you know?

CAVUTO: I got you.

GLENN: So how are you feeling today?

CAVUTO: You know, like you I think that, you know, you hope that what the Federal Reserve did today by cutting interest rates dramatically, 3/4 of a point before the market even opened and what the President and congress want to come up with in terms of fiscal stimulus does the trick and so it's soft landing, I think either of the moves and particularly both of the moves is more a sign of panic than anything else. I don't know if -- I know you and I might differ on this. I don't know if either was warranted. I do believe, though, that they might have the short-term desired effect. I just worry about the precedent that's set, Glenn, when we do something this dramatic in the face of a still pretty good economy.

GLENN: Neil, you and I only disagree on one thing and that is I think that our fundamentals are in trouble but I'm not for a stimulus package and I'm not for the rate cut. I think the rate cut, I think you are exactly right and I think you saw it. When Bernanke came out at 8:00 you saw the futures. They actually went down.

CAVUTO: That's right.

GLENN: I mean, you know this stuff. I'm just a schlub, you know, that listens to people like you. But you've got to know people on Wall Street. I'll bet you that there are a lot of people on Wall Street like me that say, look, if you want to fix this thing long term, let it heal itself. Just leave it alone and let it come down and fix itself and it will come back up.

CAVUTO: Well, you know, it's the idea when they put these circuit breakers in on Wall Street after the big crash that it was supposed to let cooler heads prevail and mitigate the damage. I sometimes think it just extends the agony and -- but that's a whole other beef, Glenn. My beef here with this is that much of the damage that's been done in our economy has been really in financial bank mortgage-related, housing-related stock and that's a big part of the economy. But we've seen that it isn't in oil stocks. CSX came out with great earnings today. It's not in multinational. GE and DuPont coming out with great earnings. So my point is that for a sector of the economy that's having problems, we are applying this dramatic rescue package and I just worry. You know, we kind of shoot through the arsenal. It's like opening up the strategic petroleum reserve when gas prices pick up a little bit. I mean, at what point do you use the reserve? The government has a reserve but we're blowing it right now on conditions that might not warrant it.

GLENN: But isn't that the American thing? I mean, that is why -- why do we have flesh-eating bacteria? Because we overprescribe antibiotics.

CAVUTO: Right, right.

GLENN: It's exactly the same thing. Neil, you say that this is really just about the banking system. However, explain to me again, a guy who just really started looking at the economy over a year ago. The problem is not just in the banking system. The problem is if I'm a -- let's say I'm a farmer or, you know, I make widgets. The problem is in the short-term commercial paper. If the banks are screwed up and the banks are holding onto their money and I'm trying to make widgets, I need a quick loan to be able to make that widget and get it off to market. If the bank is holding onto their money, they are not going to give me a loan and so really who's hurt are not necessarily these giant, you know, General Motors but it's the banks and the small little widget guy.

CAVUTO: Well, I do agree with that. There is a clear spillover effect with banks in trouble than there is, let's say with a chip bank or a cell phone maker in trouble. But I still step back from it, Glenn, and say I can understand the fear of being that banks tighten up on lending, in this environment they are getting very, very cautious, which they are. But, you know, customers are feeding this beast as well, Glenn. I mean, they are not only waiting for home prices to go down but the Fed has spoiled them into thinking that if they wait, foreign costs will go down. So ironically the Federal Reserve has set up this conundrum where, look, I mean, that house I want in that neighborhood I want, not only is that going down but if I stick to my guns and wait this out, maybe borrowing costs will go down. So that ironically could be compounding the situation. And that's all I worry about. I worry about doing this as well when we have a lot of signs of inflation.

GLENN: Hang on. Will you be honest with me? Are you really, are you really not sure? Because I've got to tell you. When you say I'm worried that the Fed is compounding that, to me there's no doubt that the Fed is.

CAVUTO: I'm not -- you know, believe it or not as much as I talk about the Fed, what really bothers me and I think why we're selling off, I think you touched on this at the outset is the federal prescription. You know, Glenn, you and I, you know, are old enough to remember how the Government made what could have been a shallow recession during Jimmy Carter something much worse and how Richard Nixon's price controls made what's a bad time for the economy much worse. So when the Government intervenes after most of the animals have left the barn to try to protect the barn, I worry about the barn, about us. And that's my concern.

GLENN: Who is the best -- when you look at all of the different stimulus packages from all of the, all of the candidates -- and let's just talk conservatives here because that's mainly who's listening to our program. They are going to vote for somebody from, I mean as far left as you're going to go is John McCain most likely. So talk to me about the Republican side. Who has the best handle on the long-term economy and what needs to be done? Rate them for me. Can you?

CAVUTO: I would say I'm a big believer, it's just my bias, Glenn, for something that doesn't have quick Band-Aid solutions. In other words, a rebate check, as soon as they get I it, by the way, March and April, it's for someone who mixes that or couples that with either sustainable tax rate cuts like the President offered in the beginning of his term with those rebate checks. That's why that --

GLENN: Do you really believe in the -- you believe in $800 --

CAVUTO: No, I don't.

GLENN: Oh, okay.

CAVUTO: I'm saying that I thought that was a waste of time than it is now. But -- and this is what I believe will help the President's work in 2001 and 2002. He coupled that with long-term rate cuts. But you are quite right. I think giving, you know, checks to people in their hot hands, I'm just going to go out and buy bakery products myself.

GLENN: You and I need to party, man. It will be a really sad. Oh, my gosh, it will just be éclairs like crazy.

CAVUTO: But, you know, that's what I worry about. But if you had to, say all the candidates in a proposal, Rudy Giuliani's at least mixed his long-term stable tax cut simplification. In other words, not keep six down to three. Mitt Romney, while he does provide a great deal of stimulus, he does want to keep the tax cuts permanent. There's got to be --

GLENN: Is there anybody besides Romney? Giuliani's got to be doing this. Is there anybody but Romney that is saying take the corporate tax rate significantly down?

CAVUTO: Well, they are all kind of preaching that now.

GLENN: That really means it.

CAVUTO: But it was a late conference at this. I really believe that the two, Romney and Giuliani, offer I think something that has more sustaining value. But again, both of their packages call for some quick fixes that I don't know if the Government's willing to provide.

GLENN: Who is the best on the Democratic side?

CAVUTO: They are all, at least as far as the Government's role, awful. They really are. And my fear is something Hillary Clinton said last night in the debate when she said, you know, I'm not budging on this universal healthcare for every American. Now, I commend her for being clear on it. I just don't know whether this is the environment to be forcing that on people, whatever your good intentions.

GLENN: You know, everybody says that the, you know, oh, the Clinton years, they were the best. And correct me if I'm wrong, Neil. You would probably be best suited to recall this. Not until the Republicans took over congress.

CAVUTO: Well, that's true.

GLENN: They were a nightmare.

CAVUTO: Well, the first two years was a disaster as you know and when congress flipped in '94, remember he was going around the country saying it's still relevant. I've been telling my wife that for years, I'm still relevant.

GLENN: She doesn't believe you.

CAVUTO: You can't deny that, but things really picked up steam and Washington, you know, reined in spending. I think it's good to have opposing parties going at it.

GLENN: I do, too.

CAVUTO: But that's history now.

GLENN: So what's your prediction for the end of the day?

CAVUTO: Well, you know, we're down 75 points now with volatile trading. I think we'll kind of contain this by day's end but I don't think we're out of the woods. I only say that because we set up false expectations to the market that if they whine and they bitch enough, someone's going to give them the present and the present will be maybe even more stimulus, maybe even more rate cuts. But if they don't provide it, they stomp their feet, they sell off more and they demand more and now they know that people will respond. So we might dodge the bullet today but I think there are more.

GLENN: If we only drop 100 points or something today, does that surprise you, seeing that they closed? Didn't they close France or was it India? I mean, there were a few markets around the world that actually --

CAVUTO: Right, they stopped trading.

GLENN: They stopped trading. Are you surprised that we haven't had -- if -- you know, we assume that it closes around 100 points down.

CAVUTO: Right.

GLENN: Are you surprised at that?

CAVUTO: Well, I'm not as surprised how liquid and resilient our markets are in that we don't have sort of like the panic sessions, I'm not saying panic in terms of point drops but we seem to be better able to respond to that. In India they got so overwhelmed with sell orders, at the point they were selling nearly 9% which reminds me of my Uncle Louie, he just closed shop, couldn't deal with it. That's what India did, they couldn't deal with it and they shut it down. We saw that in Europe as well yesterday when they just couldn't keep up with the sell orders. Say the markets and the problems and the economy and our fights and our bickering, we do have markets that are transparent and able to deal with this sort of thing. It ain't easy but when everything hits the fan, I would much rather be here than there.

GLENN: On a personal note, Neil, in I think two weeks from now, I've decided that I -- and I haven't even announced this to the audience yet. I swore off all charities after 9/11. I said I would never endorse a charity. The only one that I would endorse is the USO of New York because I actually physically go there and have, you know, packed boxes for the troops. But I have not endorsed a charity. I'm going to endorse a charity here and help them raise funds because I so believe the demand behind it and that's the Huntsman Cancer Center.

CAVUTO: Oh, man, yeah. Good thing to do.

GLENN: I know you are a friend of Jon Huntsman. One of the most amazing --

CAVUTO: Believe me, my friend, they are big friends of yours. I mean, your one-hour show you did with him on CNN, phenomenal. I mean, very few people have the guts to devote an hour to a single guest who on paper doesn't seem riveting.

GLENN: Can I tell you something, Neil?

CAVUTO: That was gripping.

GLENN: They fought me on that. Nobody wanted to air that. They were like, oh, this is going to die. It was a highly rated show.

CAVUTO: It was a phenomenal show. I'm not blowing smoke but I think I e-mailed you to that effect because that was gripping. It was gripping, it was tear-jerking. It made you sit back and think, what are we here for. That was great.

GLENN: He's one of the most amazing businessmen I've ever met, one of the most full -- I really, truly believe the guy who I have met in my life who I think has more integrity than anyone I've ever met.

CAVUTO: Oh, I agree with you. What I love about him is, you know, I've been to the Huntsman Foundation as you have there and I'm always amazed by a billionaire who says we've got to cure cancer, we've got to cure cancer.

GLENN: Oh, he didn't tell me we've got to cure it. He said he's going to cure it.

CAVUTO: Yeah, that's high to say that and I'm always just so amazed by a guy who has now said I want to give all my money away. And like you, I mean, I had said that did you check this out with the kids? But God bless him. I mean, you don't find people like that. And -- but you get to give your time, commitment and money.

GLENN: Neil, love you more than life itself and I put you in the same category as Jon Huntsman.

CAVUTO: Well, there is this Neil Cavuto foundation.

GLENN: Oh, phone's breaking up, got to run.

CAVUTO: Okay.

GLENN: Neil Cavuto, got to run. Appreciate it, bye-bye.

Dr. Robert Epstein, senior research psychologist at the American Institute for Behavioral Research and Technology, joined the "Glenn Beck Radio Program" Monday to discuss what he says is "a relatively simple way to stop the coronavirus dead in its tracks" in a matter of weeks, saving countless lives and safely restarting our economy.

"It might sound impossible at first, but it's well within our capabilities, and it's far less costly and disruptive than what countries around the world are doing now," wrote Epstein in "The Epoch Times."

Find out more at HowToStopTheVirus.com.

Watch the video below to hear the details of Epstein's plan:

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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: 735,135 (up from 524,478 Friday)
  • Total Confirmed Deaths Worldwide: 34,807 (up from 24,369 Friday)
  • Total Confirmed Recovered Worldwide: 155,950 (up from 125,490 Friday)
  • 5% of Active Cases are considered serious (requiring hospitalization) Steady from 5% Yesterday, but down from 19% high back in February
  • Note that 11% of US Confirmed Cases require Hospitalization, roughly on par with Italy who is at 12% requiring hospitalization.
  • US has 142,746 Confirmed Cases and 2,489 Deaths, up from 85,749 cases and 1,304 deaths Friday
  • In the US, 20,220 citizens are officially hospitalized with COVID-19, another 6,402 with presumptive-positive cases (waiting test results)
  • The United States of America now leads the world in total confirmed cases, with 45,000 more cases than Italy (although Italy leads the world in Deaths with 10,799 officially dead)
  • US has 2,489 Dead vs 4,562 Recovered and 2,970 in Critical Condition
  • The US Currently has 135,695 Active Cases of COVID-19, with less than 0.5% of the total US population actually tested: 851,578 Tests Resulted in 16.5% Confirmed Positive Cases for COVID-19 (note US policy has been to test only patients with positive-symptoms or known exposure to confirmed-infected persons, resulting in high net-positive results vs other countries).
Trump Extends US "Shutdown" Through April 30th https://www.scmp.com/news/world/united-states-canada/article/3077485/coronavirus-trump-says-social-distancing-guidelines
  • The Trump Administration extends recommendations for extreme social distancing, closed schools and houses of worship, work-from-home, and severe travel restrictions through April 30th.
  • The move was based on a simple model: 100-200k deaths if we continued shut-down vs 2-3 Million deaths if we lifted the shutdown in early April.
  • "How do you decide it's ok to let millions of Americans die? You don't." He said during a Rose Garden press conference. "I won't do that."
  • The updated timeline comes as the US President Donald Trump says the death toll from the virus is likely to continue to climb for another two weeks, and estimates that recovery is likely by June 1.
  • Trump said his earlier plan to lift the restrictions by Easter, on April 12, was only "aspirational". "Nothing would be worse than declaring victory before the victory is won," Trump said.
  • Officials in the White House coronavirus task force, including Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci and Dr. Deborah Birx, Deputy to Vice-President Mike Pence, have estimated that COVID-19 would kill as many as 2.2 million Americans if mitigation measures were not in place.
As COVID-19 Epidemic In New York Continues, 9-11 System Is Overwhelmed https://www.nytimes.com/2020/03/28/nyregion/nyc-coronavirus-ems.html
  • 911 Emergency system in New York City & Tri-State Area is receiving over 7,000 calls per day, more than at any time since September 11th, 2001.
  • The System has broken 3 records this past week, with nearly 8,700 calls on Thursday.
  • Many calls are for people with high-fevers and flu-like symptoms including severe cough, chills and difficulty breathing.
  • "It's all a war zone," one of the paramedics said. "There is no way we can respond to this many emergency calls."
  • Because of the high-risk of COVID-19 infection, many life-saving procedures have been suspended, including CPR and artificial respiration.
  • By Friday, more than 206 emergency medical technicians from the NY Fire Department had tested positive for COVID-19. Another 750 NYPD officers have also tested positive, and more than 10% of New York's police force is currently offline due to infection or Quarantine due to suspected infection.
  • One Paramedic who chose not to be named estimated that over 20% of 9-11 calls are going unanswered. "I can see them on my screen, with no units responding," he said.
In Yet Another Scene Out of a Hollywood Disaster Movie, Field Hospital Is Being Set Up in Central Park https://news.yahoo.com/field-hospital-set-yorks-central-park-202813283.html
  • Residents posted pictures of make-shift field hospitals being set up in Central Park in Manhattan.
  • Dozens of people worked in a drizzle to erect the facility for an expected influx of COVID-19 patients at the epicenter of the US COVID-19 pandemic.
  • Samaritan's Purse, a US-based Christian global relief agency, is setting up the hospital on the park's East Meadow lawn, where workers in face masks unloaded a white tarp and other equipment on the grass.
  • "There are lots of cases here in New York and a lot of people that need help," said Elliott Tenpenny, a doctor and team leader for Samaritan's Purse COVID-19 Response Team.
  • "The hospitals all over the city are filling up and they need as much help as they can get. That's why we're here."
  • He said the charity was working with New York Governor Andrew Cuomo, the Federal Emergency Management Agency and Mount Sinai, with the aim of receiving patients within two days.
  • Unlike other temporary facilities going up in the New York region, this site will have the equipment and personnel necessary to handle COVID-19 patients. Tenpenny called it a "respiratory focused field hospital" which will have a capacity of 68 patients, and the doctors and nurses to treat them.
  • Samaritan's Purse has set up a similar temporary hospital in Cremona, Italy, the country with the highest COVID-19 death toll.
Your Papers Please! US State by State Travel Restrictions & Warnings Go Into Effect https://www.the-sun.com/news/604376/andrew-cuomo-new-york-coroanvirus-slams-donald-trump/One Week After Mexican Governor Claims Poor People Are Immune, Epidemic Evident in Mexico https://www.msn.com/en-us/finance/markets/hugs-kisses-dining-out-during-virus-raise-fear-in-mexico/ar-BB11SinY
  • "Mexico's response was late, wrong and slow, and many people are going to die," said Dr. Carlos del Rio, an infectious disease specialist at Emory University in Atlanta, Georgia. "There's no reason to believe the virus here should behave differently among this population. Cases are growing exponentially."
  • President Andres Manuel Lopez Obrador of Mexico was still hugging and kissing constituents. As recently as eight days ago, he urged them to keep eating out at restaurants.
  • Stung by global criticism and disapproving national polls, the leftist populist widely known as AMLO began to shift in recent days.
  • Schools were closed on March 20; four days later, the country's 51 testing sites broadened their reach to include testing as many as 2,200 persons per day, mostly in Mexico City.
  • Finally, on Saturday, March 28th, the deputy health minister called on Mexicans to stay home, saying it was the "last opportunity" to slow down the virus, with more than 20,000 confirmed infected.
  • "It may be too late. Thousands may die," said Dr del Rio.
Hundreds of Thousands of Migrant Workers Suddenly Homeless https://www.nytimes.com/2020/03/29/world/asia/coronavirus-india-migrants.html
  • In India, hundreds of thousands of day-laborers were suddenly homeless due to COVID-19 travel restrictions and work shut-downs.
  • Many day-laborers are used to being provided dorm-like beds while on the job, but with work-sites closed down and national transportation systems offline, parks and public spaces are suddenly filled with thousands of men sleeping on sidewalks and in open fields.
  • Soup kitchens in Delhi, the capital, have been overwhelmed. "We normally get a thousand people per day," said one worker. "Today more than 10,000 people lined up before we served our first bowl."
  • So far, more than a dozen migrant laborers have lost their lives in different parts of the country as they tried to return to their home, hospital officials said.
  • Thousands of migrants in Delhi, including whole families, packed their pots, pans and blankets into rucksacks, some balancing children on their shoulders as they walked along interstate highways.
  • Some planned to walk hundreds of miles. But as they reached the Delhi border, many were beaten back by the police under orders to now allow any crossings until further notice.
UN Global Food Supply Panel Warns of Pending Food Shortage https://www.theguardian.com/global-development/2020/mar/26/coronavirus-measures-could-cause-global-food-shortage-un-warns
  • Protectionist measures by national governments during the coronavirus crisis could provoke food shortages around the world, the UN's food body has warned.
  • A shortage of field workers brought on by the virus crisis and a move towards protectionism – tariffs and export bans – mean problems could quickly appear in the coming weeks, Maximo Torero, Chief Economist of the UN Food and Agriculture Organisation said.
  • "The worst that can happen is that governments restrict the flow of food," he said. "All measures against free trade will be counterproductive. Now is not the time for restrictions or putting in place trade barriers. Now is the time to protect the flow of food around the world."
  • "We need to be careful not to break the food value chain and the logistics or we will be looking at problems with fresh vegetables and fruits soon," said Torero. "Fruit and vegetables are also very labor-intensive... if the labor force is threatened because people can't move then you have a problem."
  • Warnings from the UN come as the EU reportedly plans to provide transportation of more than 70,000 farmworkers from Eastern Europe to France, Belgium and Spain to help with planting season. https://thehill.com/policy/international/489783-united-nations-warns-of-global-food-shortage-caused-by-coronavirus
  • Warnings were less severe in the US, which relies less on global food production for domestic consumption. "There is plenty of food in the US system," said Sonny Perdue, US Secretary of Agriculture. "The US is a net exporter of food supplies, so we can just keep more of our food at home this year."
New Report Estimates US Economic Impact at $1 Trillion GDP Losses Per Month https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Risk/Our%20Insights/COVID%2019%20Implications%20for%20business/COVID%2019%20March%2025/COVID-19-Facts-and-Insights-March-25-v3.ashx
  • A study from consulting firm McKinsey & Company estimates the total GDP impact of COVID-19 could exceed $1 Trillion per month starting from March, 2020.
  • The study includes only economic losses in the Private sector and did not calculate the impact of Government-funded bailouts or spending, and future economic losses due to higher debt payments.
  • McKinsey estimates losses in the Oil/Gas sector to exceed 50% for 2020 compared to prior forecasts, and for US retail to suffer losses in excess of 25% compared to 2019.
  • "In a Word: Catastrophic," said lead author of the study. "We'll be digging out from this hole for years to come."
  • McKinsey's study noted its estimates did not include official economic figures for Q1, 2020, expected to be released by the US Government in the coming week.
  • Overall, McKinsey is estimating a broad U-shaped recovery starting in Q3, 2020, but said it was entirely dependent on how quickly US companies could return workers to productivity as well as the impact to the global demand for US goods & technology.
  • "We don't yet know how the World will recover from COVID-19 or how long it will take. There are more unknowns than there are knowns," the study concluded.
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Government Quietly Prepares a Bank Rescue Plan - Just In Case https://www.politico.com/news/2020/03/27/congress-coronavirus-bank-rescue-152501

  • Just days after the FDIC issued a video urging Americans to not withdrawn cash from Banks, reports emerge that the US Senate and Treasury are working on separate plans to prevent banks from becoming unstable amid the COVID-19 Pandemic.
  • Plans range from limiting withdrawals for foreign investors and savers, as well as providing extra liquidity to banks to cover US Consumer withdrawals up to $10,000.
  • Washington's move to stand behind the banking industry underscores the aggressive efforts underway by officials throughout the government to prepare for the worst — including potential runs on deposits as the economic outlook darkens.
  • "The banks are in very good shape, but people are panicking anyway," said Karen Petrou, a managing partner at Federal Financial Analytics who advises bank executives on policy issues.
  • The Federal Reserve Insurance Corporation (FDIC) recently released a one-minute video encouraging people to keep their money in banks.
  • In the video, Chairman Jelena McWilliams emphasizes that hoarding cash in mattresses in 1933 "didn't pan out well for so many people." The video is intended to discourage a bank run.
  • "The last thing you should be doing is pulling your money out of the banks now, thinking that it's going to be safe for someplace else," she said in the video.
  • The FDIC has more than $2.05 billion in cash reserves, as well as a $100 billion credit line with the US Treasury to cover bank runs, according to a 2018 US Government audit.
  • US Consumers have more than $1.7 Trillion deposited at US Banks, not including home-equity loans or lines of credit.

On "GlennTV" this week, Glenn Beck exposed what is being done to our rights, our livelihood, and our nation -- all in the name of controlling the COVID-19 pandemic. Are we losing the America we love to the "Big Government virus"?

Former Obama adviser Rahm Emanuel famously said, "Never allow a crisis to go to waste," and the government has made those words their mantra. Progressive politicians, like New York City's Mayor Bill De Blasio, have already called this crisis a "case for nationalization!"

Once these "temporary government programs" are passed, usually in answer to a national emergency, there's no going back. In 2012, before he was president, Donald Trump tweeted economist Milton Friedman's prophetic quote: "Nothing is so permanent as a temporary government program."

Donald Trump was right. Case in point, we currently have 31 national emergencies still in effect that date back to former President Jimmy Carter.

The Pentagon's Cold War-era "Continuity of Government Commission" even covers health emergencies, thus allowing for federal troops to take the reins from elected civilians. Sound far-fetched? Read about it here.

According to Army doctrine publication (ADP) 3-28, distributed a July 2019, the military is authorized by the Pentagon to enforce domestic laws under "rare circumstances" – including health emergencies and natural disasters.

And then there's the issue of government surveillance ...

Below is a short clip from Glenn's Wednesday night special: "Big Government Virus: Never Let a Crisis Go to Waste". The full episode can be found exclusively on BlazeTV.com.

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

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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: 542,478 (up from 486,702 Yesterday)
  • Total Confirmed Deaths Worldwide: 24,369 (up from 22,022 Yesterday)
  • Total Confirmed Recovered Worldwide: 125,490 (up from 117,448 Yesterday)
  • 5% of Active Cases are considered serious (requiring hospitalization) UP from 4% Yesterday, but down from 19% in February
  • Note that 7% of US Confirmed Cases require Hospitalization
  • US has 85,749 Confirmed cases and 1,304 Deaths, up from 65,581 cases and 1,036 deaths yesterday
  • The United States of America now leads the world in total confirmed cases, with 4,409 more cases than China
  • US has 1,868 officially recovered, against 1,304 deaths

After Terrifying World Governments Into Committing Financial Suicide, UK Scientist Reduces His Death Forecast by 95% https://www.newscientist.com/article/2238578-uk-has-enough-intensive-care-units-for-coronavirus-expert-predicts/
  • The UK should now be able to cope with the spread of the COVID-19 virus, according to one of the leading epidemiologists advising the UK government.
  • Neil Ferguson at Imperial College London gave evidence yesterday to the UK's parliamentary select committee on science and technology.
  • He said that expected increases in National Health Service capacity and ongoing restrictions to people's movements make him "reasonably confident" the health service can cope when the predicted peak of the epidemic arrives in two or three weeks.
  • UK deaths from the disease are now unlikely to exceed 20,000, he said, and could be much lower.
  • His previous and dire prediction, from just 10 days ago, was that as many as 500,000 Brittons would likely die.
  • The need for intensive care beds will get very close to capacity in some areas, but won't be breached at a national level, said Ferguson.
  • The new projections are based on computer simulations of the virus spreading, which take into account the properties of the virus, the reduced transmission between people asked to stay at home and the capacity of hospitals, particularly intensive care units.
  • "We'll be paying for this year for decades to come," Ferguson said. "But if people follow the Government's guidelines, we'll be able to cope."
UK Prime Minister Positive https://news.sky.com/story/coronavirus-boris-johnson-tests-positive-for-covid-19-11964493
  • Boris Johnson, Prime Minister of the United Kingdom, has confirmed he tested positive for COVID-19
  • "Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus," he said via Twitter.
  • "I am now self-isolating, but I will continue to lead the government's response via video-conference as we fight this virus."
  • Mr. Johnson, whose partner Carrie Symonds is pregnant, will isolate for 2-weeks, a spokesperson confirmed.
  • "Together we will beat this. #StayHomeSaveLives."
"Poor People Are Immune" Claims Mexican Governor https://www.cnn.com/2020/03/26/americas/mexico-coronavirus-luis-miguel-barbosa-intl/index.html
  • The governor of the central Mexican state of Puebla told reporters Wednesday that poor people "are immune" from the coronavirus.
  • During his remarks, which broadcast live on YouTube and Facebook, Gov. Luis Miguel Barbosa posed a question, asking reporters which people were infected at the moment.
  • "The majority are wealthy people, you know," he said, answering his own question. "If you're rich you're at risk, but if you're poor, no, well us poor, we are immune."
  • There is no scientific evidence to suggest the virus affects people differently due to economic status. His remarks sparked an uproar on social media, with many questioning why a government official would spread information that has no basis in fact.
  • Barbosa noted that many of those who contracted the virus had recently traveled, suggesting a link between wealth and travel.
Trump: Maybe Don't Shake Hands Every Again https://ca.news.yahoo.com/trump-suggests-americans-shouldn-t-221802199.html
  • President Donald Trump suggested that Americans should consider giving up the tradition of greeting each other with a hand-shake -- forever.
  • Trump has set a goal of returning Americans back to work by Easter, despite the coronavirus outbreak, but he said at a White House news conference on Thursday that they shouldn't entirely abandon "social distancing" practices, especially shaking hands.
  • "Maybe people aren't going to be shaking hands anymore," Trump said, adding that he had discussed the practice with Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases.
  • "He was saying the regular flu would be cut down by quite a bit if we didn't do that - if we didn't shake hands," Trump said.
Even In A Pandemic, Fake Meat Won't Sell https://dailycaller.com/2020/03/26/coronavirus-food-shopping-vegan/
  • Vegan and plant-based can be seen in proportions that appear recently stocked at grocery stores across the US.
  • "Not even in a crisis will folks buy the plant-based hot dogs," Tweeted one observant citizen with a picture of the frozen food aisle baren except for tofu hot dogs.
  • "Let's face it, they taste like crap. I'd rather starve," said another via Twitter. "Not enough mustard in the world to cover-up that stuff."
  • Another user closed the book on the topic, "Two observations today from the grocery store. Plant-based fake-meats are not desired - and people need to smile more! Good day!"
Patriot Thomas Massie Defends Constitution, Gets Persecuted https://www.foxnews.com/politics/extreme-precautions-ordered-in-house-ahead-of-historic-vote-on-largest-stimulus-package-in-us-history
  • In no small feat of bravery, Massie stands alone against a tyranny born of fear.
  • Furious lawmakers voiced serious concerns on Capitol Hill late Thursday that a Republican House member could "go rogue" and possibly scuttle a vote on the $2 trillion coronavirus stimulus package.
  • Fox News is told there is deep worry on both sides of the aisle that Rep. Thomas Massie, R-Ky., could try to sidetrack House plans to quickly approve the coronavirus bill via a "voice vote" -- a verbal exercise in which those in favor shout yea, and those opposed holler nay. The loudest side would prevail.
  • "It's the Thomas Massie show," said one senior Republican source who asked to not be identified.
  • "He is going to do it," a senior Republican leadership source told Fox News, explaining that leadership had tried every type of arm twisting -- and it's not working.
  • The source said he was actively calling members and telling them to get on planes in the morning to come back to Washington so that a quorum of 216 members could be established if Massie were to demand one.
  • The source explained that Massie got a very forceful call from a member of the House Freedom Caucus urging him to allow the voice vote, but Massie won't budge.
  • The 880-page coronavirus stimulus package would amount to the largest economic relief bill in the history of the U.S. for individuals, large corporations, and small businesses -- and its unanimous passage in the Senate came despite grave concerns on both sides about whether it involved too much spending or not enough.
  • Massie did not respond to multiple requests for comment late Thursday. It was unclear exactly why he may want to delay the bill, which some lawmakers have said contains too much wasteful spending -- including $25 million for the John F. Kennedy Center for the Performing Arts in Washington, D.C. and $10 million to fund US Salmon hatcheries in Alaska.