Glenn Beck: McCain goes after Obama hard on the economy


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Remarks By John McCain On Our Financial Markets

GLENN: So what does John McCain say about the economy today? I'm going to give you a little bit of his speech. Listen to this.

SENATOR McCAIN: Two years ago I called for reform of this corruption at Fannie Mae and Freddie Mac. Congress did nothing. The administration did nothing. Senator Obama did nothing and actually profited from the system of abuse and scandal. While Fannie and Freddie were working to keep congress away from their house of cards, Senator Obama was taking their money. He got more, in fact, than any other member of congress except for the Democratic chairman of the committee that oversees them. And while Fannie Mae was betraying the public trust, somehow its former CEO had managed to gain my opponent's trust to the point where Senator Obama actually put him in charge of his vice presidential search. This CEO, Mr. Johnson, walked off with tens of millions of dollars in salary and bonuses. Guess for what. For services rendered to Fannie Mae. Even after authorities discovered accounting improprieties that padded his compensation.

Another CEO for Fannie Mae, Mr. Raines, has been advising Senator Obama on housing policy. This even after Fannie Mae was found to have committed, quote, extensive financial fraud under his leadership. Like Mr. Johnson, Mr. Raines walked away with, guess what, tens of millions of dollars. Senator Obama may be taking their advice and he may be taking their money but I want to tell you in a McCain/Palin administration, there will be no seat for these people at the policy making table. (Applause). They won't even get past the front gate at the White House. (Laughter).

GLENN: Okay. I think we have enough here. Look, this is really important to understand because the failed policies of old are really the failed policies of both parties. In fact, Stu, does he say it? Does John McCain at any time in this speech point out that it's both parties that have done this?

STU: Well, at the beginning he did say that congress did nothing and the administration did nothing.

GLENN: Okay. It is both DNC and GOP that have caused this problem. However, one has been trying to fight this. As much as they say, "Oh, he wants to deregulate," yes, deregulation is good as long as there is the pain at the end. Deregulating and allowing people to fail is a conservative ideal. When it comes to regulation on Fannie Mae and Freddie Mac, because there was no failure allowed there, two years ago John McCain actually introduced legislation that would put more regulation on these two.

Just some highlights here that you really need to know, and we'll give you more on this here in the coming days, but Barack Obama ranks second among donations from Fannie Mae and Freddie Mac among all members of congress since 1989. Remember, in four years Obama has received more money from Fannie and Freddie than any other member of congress in the past two decades except for Chris Dodd, and Chris Dodd has been in federal office since 1975. Obama's only been in office since 1989 I mean since 2005. He's second among donations from Lehman Brothers among all members of congress since 1989. The top executives at Lehman Brothers, or what was Lehman Brothers are bundlers now. These are chief fundraisers for Obama, Ted Janulis and also John Ray. And by the way, one of them was a part of the head of Mortgage Capital at Lehman Brothers. Former CEO Fannie Mae, former Obama advisor Jim Johnson, he's the guy who was there on the committee to help select a vice president. He also said that he received preferential treatment from Countrywide mortgage. Who else got preferential treatment from Countrywide mortgage? Chris Dodd. Again it's the old boy network here. These guys are all buddies. Now you have Frank Raines. Unlike what John McCain that he was involved in some accounting discrepancies, this guy was in an accounting scandal. He cooked the books to the tune of $6.3 billion. You might ask yourself why is he not in jail. Why weren't the hearings done? Because Washington is broken. Because all of these people have their tentacles deep inside of both the Republican and the Democratic parties. There is a difference. John McCain has and you know me. I am not a big supporter of John McCain. I will call them as I see them. But John McCain, while I think he has some problems in the economy, while I don't think he understands earmarks are the least of our problem. These kinds of things are a huge problem and John McCain has understood that. He has been on the record introducing legislation and also fighting for tighter regulation. While he's for less regulation most times on Freddie and Fannie he was for more regulation. But the powers that be didn't want to hear it: Dodd, Barney Frank, they did not want to move down that direction. They fought them tooth and nail up until recently. They were still saying, "Oh, yeah, there's no problem, there's no problem." Now we're bailing people out. We are playing a game here, gang, we have fundamentally changed. What I want to try to express to you is you are not going back to the way we were. This is a Band Aid. You are not going back to the way you were because we have fundamentally changed. It's not just what we have done to devalue our dollar. Our dollar we are printing money. Where's all this money coming from? We're broke, remember? How is it that the Fed can say I need an extra $83 billion and then FDIC says I need another $40 billion and then the banks need money. All this money. Do you remember when we tried to give people a tax rebate? It was 100 what was it, $120 billion? We didn't have the money. We had to go borrow it from China. Do you remember that? We had to borrow $120 billion from China for the tax rebates. Well, we have spent almost a trillion. It is approaching $900 billion in the last few weeks. Where did the money come from? We printed it. That's where the money came from. They made up this money. We have devalued and debased our currency even more.

Texas Democratic gubernatorial nominee Robert Francis "Beto" O’Rourke's disgusting and obviously-staged political stunt during a press conference about the Robb Elementary School massacre is just another of the many ways the man is "human trash," Glenn Beck and Stu Burguiere agreed on the radio program Thursday.

"Beto is human trash. He is scum. He is the scum of the earth, the lowest form of humanity our society can produce," Stu said in response to a video clip of O'Rourke heckling Gov. Greg Abbott in the middle of an update on the tragic mass killing in Uvalde. "This was obviously staged from the beginning ... clearly planned. Even CBS News pointed out it was blatantly a staged event. And this guy [O'Rourke], because he wants more power and more money, decided that this event was about him. He wanted to make the [deaths] of 19 children and teachers all about Beto O'Rourke because he is human scum. He is the worst form of life imaginable on this Earth."

Democrats like O'Rourke have been quick to use the tragic deaths of 19 children to advance their own pro-gun law political agendas, particularly "red flag" laws that would empower courts to take guns away from "potentially dangerous" people

"You want a solution? Stop selling AR-15s in the state of Texas. You want a solution? Have universal background checks. We don't have them. You want a solution? Red flag laws or extreme risk protection orders, which stop a shooting before it happens," O'Rourke shouted after being escorted out of the press conference.

Glenn wasn't buying O'Rourke's "righteous indignation," especially as his own resurfaced writings qualify as the "ultimate red flag for any red flag law." As a teen, O'Rourke wrote about hacking, overthrowing the government, and, most disturbingly, murdering children by running over them with his car.

Glenn read an excerpt from a fiction O'Rourke wrote when he was 15 years old:

[O]ne day, as I was driving home from work, I noticed two children crossing the street. They were happy, happy to be free from their troubles. I knew, however, that this happiness and sense of freedom were much too overwhelming for them. This happiness was mine by right. I had earned it in my dreams.

As I neared the young ones, I put all my weight on my right foot, keeping the accelerator pedal on the floor until I heard the crashing of the two children on the hood, and then the sharp cry of pain from one of the two. I was so fascinated for a moment, that when after I had stopped my vehicle, I just sat in a daze, sweet visions filling my head.

"Dangerous, right? Nothing good's going to come of this. According to Reuters, those are the teenage writings of Beto O'Rourke," Glenn said. "The state of Texas should be very aware and not allow [O'Rourke] to buy a gun because of this. This guy, this guy, and his righteous indignation — give it a rest, bud. Give it a rest."

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Texas AG Ken Paxton says gun laws are NOT the answer, urges schools to arm teachers

Photo by Robert Daemmrich Photography Inc/Corbis via Getty Images

In the wake of the unspeakably grievous mass murder at an elementary school in Uvalde, Texas, many on the left are calling for increased gun control measures, but without specifying exactly what legislation could have prevented the horrifying event. Attorney General Ken Paxton says gun laws are not the answer. He joined Glenn Beck on the radio program to detail specific measures he believes could stop similar school atrocities in the future: arming teachers.

Paxton told Glenn that Texas has already put laws in place that allow schools to opt in to training and arming teachers as either a marshal or under the guardian program.

"We passed laws when I was in the Texas Senate, I think it was 2013, that would have helped greatly. There's no way that law enforcement can get to every location as fast as they would need to," Paxton said.

Glenn interjected, "I'll tell you, I went to a school where my son was playing football ... and there were signs all over. 'Beware. Teachers are armed. We take the Second Amendment and the protection of our students seriously.' It was so clear — not doing anything here. That's the way to do it."

"Yes," Paxton agreed. "I think that's the way it should be. I mean, these people [shooters], they know they're safe, at least until law enforcement gets there, to accomplish their goals. And we're going to keep seeing this happen until we decide as a state ... to protect these kids," he added.

"It's ridiculous for the Biden administration to suggest that this kid who decided to violate the murder laws would [think], 'Oh. Wait a minute, there's a gun law. I can't do this. I wouldn't violate gun laws.' It's law-abiding citizens that follow the law," Paxton continued. "Second, we have a fentanyl crisis that the Biden administration has presumably invited and we've had over 100, 000 people that overdosed and died from fentanyl. [...] Why isn't the Biden administration so concerned about the hundred and something thousand people that died from overdoses because they opened up the border and allowed fentanyl to come across?"

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In the wake of the horrific Buffalo shooting, the left-wing media tried to paint all conservatives as subscribers to “replacement theory” — the idea that immigrants are taking over to such an extent that they will destroy white Western civilization. Of course, no serious conservative believes in this ugly, racist, dangerous ideology, but there is a ton of ACTUAL replacement going on, and it has nothing to do with immigration or racism.

What we saw yesterday in Uvalde, Texas, is more dark horrific evidence of the only replacement theory that ultimately matters because it affects everything. We’ve replaced God in society. Glenn argues it’s why gun control is ultimately useless — even though he completely understands our human impulse to DO something. While our culture has replaced God for rot, the Biden White House and Democrats are also working overtime to replace key elements of American political, legal, economic, and cultural life.

BlazeTV host Mark Levin of “LevinTV” tells Glenn why Media Matters' latest hit job on him over his Uvalde coverage is pathetic. “Stop pushing God out of the public square” is not a radical concept to help prevent evil from taking hold in our schools. He also takes on the Democrats’ attempts to destroy the Supreme Court, voting rights, and the separation of powers.

BlazeTV host Allie Beth Stuckey of “Relatable” tells Glenn why she believes the Uvalde shooting reveals how we are failing young men in this country and what we must do to stop the replacement theory that threatens to keep an entire generation from becoming a benefit to society.

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Glenn Beck addressed the incomprehensibly tragic mass shooting in Uvalde, Texas, on the radio program Wednesday, saying it's time to stop with the politics, from both sides, and focus on healing a nation that is tearing itself apart.

"It pains me to think about the political garbage that has happened in the last 12 hours," Glenn began. "I believe that we are on the verge of losing our nation, and the reason why we're about to lose our nation is the same reason some kid walked into an elementary school and shot and killed people. It's not the guns ... it's our society."

Glenn called the tragedies plaguing our nation' —kids shooting kids, committing suicide, dying from fentanyl, joining gangs, and suffering from depression and loneliness — are symptoms of a greater sickness.

"Where's the value of human life? The hatred that is being poured down our throats, the class division, the racism — make no mistake, it is intentional," he stated. "The best way to destroy a nation is to cut it apart. ... In our society, where are the ethics? What are ethics? It's your truth versus my truth. There is no absolute truth. And in a world where there is no truth, who gets to be God? Well, it depends on which group you're in I guess."

Glenn said America’s underlying problem is "a rotting in our soul" and until we "live in a nation that is willing to even recognize that there is something bigger than the self, and it has nothing to do with government, we'll never fix this problem."

"Let's not make this about Democrats and Republicans. Let's just make this about what the hell is going on because everything in our society is falling apart," he said. "And until you're willing to have that conversation, the rest of it is bullcrap."

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