Glenn talks with Stephen Moore about the economy

GLENN: Radio City was built in the 1930s to house network radio shows. The United States government got involved and said you can't do that and so Radio City never had network radio shows in it that broadcast daily until today, putting the radio back into Radio City. Hello and welcome to the program. My name is Glenn Beck. I am so glad that you're here.


 


 Stephen Moore is one of the big cheeses over at the Wall Street Journal. He started Club For Growth, he's an optimist on the economy, right, Stephen?


 


 MOORE: Well, you know, I mean, I'm getting a little more sour every day in the stock market. By the way, Glenn --


 


 GLENN: You are starting to come my way, aren't you, baby?


 


 MOORE: You made election coverage so much fun last night. I mean, this is the way to coverage elections. So congratulations on a great night last night.


 


 GLENN: Thank you. I don't know if a soul watched it but we had fun. So Stephen, let me first start with what the heck happened with the Dow yesterday?


 


 MOORE: Well, you know, I think you put your finger on the problem that we got in Washington right now which I think is depressing the stock market which is, you know, it used to be we the people in this town and now it's we the special interest groups.


 


 GLENN: Yeah.


 


 MOORE: And we have a budget that is out of control, we have politicians that keep saying that they can give out political favors like their candy, you have the major Democratic candidate Hillary Clinton. I don't know if you saw this week, Glenn, when she said that we may have to garnish people's wages to pay for her healthcare plan. I mean, this is insane kind of talk out of major candidates.


 


 GLENN: How long before the business community says, good God almighty, we have got to pull our money out of the United States and put it some place else?


 


 MOORE: Well, you know, that's really a big problem with the U.S. economy right now because as you and I have talked about before on this show, the biggest sickness on this economy over the last few years has been the fall on the value of the U.S. dollar. Our dollar is depreciating in value and when that happens, it means that investors from around the globe find America to be a less attractive place to invest in and foreign investment over the last, you know, 20 years has been one of the engines for our growth. If foreigners pull out because of fears of higher taxes or government-run healthcare system or our budget run amuck, that's going to bring the economy down.


 


 GLENN: Okay. So I said earlier today, Stephen, that you know, you get government healthcare in with Obama or Hillary Clinton and I said, it ain't gonna last and here's why, and please talk me down from this tree if I'm wrong.


 


 MOORE: I'll try.


 


 GLENN: Here's why it won't last. Because you cannot put something that large on the table without addressing Medicare, Medicaid, Social Security already. The credit of the United States will be downgraded, the rest of the world will know we're not serious by any stretch of the imagination. In a very short period of time foreign governments will say, I'm not loaning these people any money because they can't pay it back.


 


 MOORE: Well, I don't know if this answer's going to talk you down from the ledge but, you know, we just had the President's budget came out $3.1 trillion. That's up from $1.9 trillion just seven years ago. So that's a pretty fat increase. And President Bush had a proposal. I mean, it really accentuates the point you're making. President Bush said instead of having Medicare grow by 8% per year, let's let it grow by just 5 1/2% per year. And my God, the interest groups and the Democrats and the liberals said this is going to be the end of civilization if we only allow the Medicare program to grow by 5 1/2% per year. I mean, it's just, I can't describe to you the insanity of the way these people spend money. They think money is free in this town.


 


 GLENN: All right. So Stephen, please speak clearly to the average person.


 


 MOORE: Right.


 


 GLENN: Because the average person says, well, we've always had deficits, we've always never had too much money, it's always worked out, it's always... what is coming is dramatically different. Yes or no?


 


 MOORE: Well, it is because when you talked about the healthcare system and both Hillary and Obama have plans to nationalize healthcare, that is almost 15% of the U.S. economy. If we socialized our healthcare system, I mean, what's next? Are we going to socialize the automobile industry? Are we going to socialize the computer industry? Are we going to socialize steel production and so on? We are not a socialist country but what's scary is a lot of voters say they want to take America down a socialistic road. At the same time most countries are moving away from socialism because it doesn't work!


 


 GLENN: Okay. Two things. Yesterday there was -- and I don't know that -- you know the people who give the ratings for the bond insurers?


 


 MOORE: Yes.


 


 GLENN: They made an announcement yesterday, because I've been watching this and I'm such a novice on this. I've been watching the bond market because it's my understanding that if the insurers are downgraded and these bonds lose their AAA status, a lot of these retirement funds are going to be forced to dump these bonds because they can't hold them anymore and this is a really bad thing.


 


 MOORE: Well, it's really bad and it's bad because if the U.S. Government were to lose its AAA bond rating and I don't think it's going to happen anytime soon but if we continue on this path, it will happen. What it means is not only will we be borrowing trillions of dollars, Glenn, it also means that we're going to have to pay more interest on that. So it becomes a cycle, you know, it becomes a destructive cycle of higher interest rates and higher debt.


 


 GLENN: Right. But what I'm talking about specifically are the municipal bonds, the ones where these insurance companies are now being downgraded. Yesterday, I don't know if you saw this, one of the big, you know, ratings company said we're putting them on hold or we're putting them on notice, which is the intermediate step of basically warning people we're going to down grade these bonds.


 


 MOORE: Right.


 


 GLENN: Is that true or false or what is going on there?


 


 MOORE: Well, I'm not sure of the specific story you're talking about but, you know, you have both the federal debt that we were talking about and then, you're right, you have states and localities that do billions of dollars of borrowing, too. And the problem for the states and localities is that, you know, their primary source of income is property taxes. But when you have a housing crisis like we do now where housing values are declining, that means that people pay less property taxes because their house is worth less. And guess what. That means that states and cities have a very difficult time paying their bill. The state to really pay attention to is California. I mean, my goodness. California already has a $14 billion deficit and it's growing every week.


 


 GLENN: Yeah, the whole -- I love this story today. The Hollywood homes have lost 48% of their value. Did you see that story?


 


 MOORE: You know, I mean, it couldn't happen to a nicer group of people.


 


 GLENN: Let me ask you. Scale of 1 to 10, 10 being Armageddon, 1 being Ronald Reagan with a Republican congress that was in control, rate the candidates on what they are going to do to the economy.


 


 MOORE: Well, I think, you know, the interesting kind of thing on the Democrat side of the aisle is that Obama's actually moved more to the middle on economics and Hillary has moved way to the left. So I would say that -- wait. What's the worst score?


 


 GLENN: 10 is Armageddon.


 


 MOORE: Okay. 10 is Armageddon. So I give Hillary about a 9. I would give Obama about an 8 because he wants to cancel the Bush tax cuts and raise capital gains and raise the payroll tax. And I give John McCain about a, maybe a 3 or 4.


 


 GLENN: That's not as bad as I thought. Maybe I'm a McCainiac. Stephen Moore, thank you. We'll talk again, my friend.

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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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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