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.

On "Glenn TV" this week, Megyn Kelly, host of the "Megyn Kelly Show," told Glenn Beck she believes the Democrats' talk of unity is "all nonsense" and forecasted the "death of journalism" under a Biden administration.

Megyn cited President Joe Biden's unwillingness to make concessions that would help unify Democrats and Republicans as an example of how much he actually cares about unity, and added that, while she's all for lowering the political temperature in America, she also believes there are some personal freedoms that are worth fighting for.

"What's happening substantively is worth fighting for and it's not going to go away just because [Biden] gave a nice speech," Megyn said.

"I will object. I will protect my family and what I think is right over Joe Biden's need for unity, which is false anyway. 'Unify behind my agenda' is not a real call for unity," she added.

Megyn said she believes the Left has reached too far and "awakened a sleeping giant" in reference to the silent majority who should speak up, speak out, and refuse to be silenced any longer.

Watch the video clip below to catch more of the conversation:

Because the content of this show is sure to set off the censors, the full episode is only be available on BlazeTV. Get $30 off a one-year subscription to BlazeTV with the code "GLENN." With BlazeTV, you get the unvarnished truth from the most pro-America network in the country, free from Big Tech and MSM censors.

As the Senate prepares for former President Trump's second impeachment trial, many are asking whether it's constitutional to try a president after leaving office. Alan Dershowitz, lawyer and host of the of "The Dershow," joined Glenn Beck on the radio program to talk about the legal battles Trump still faces.

Dershowitz said he believes the Senate doesn't have the authority to convict Trump, now that he's a private citizen again, and thus can't use impeachment to bar him from running for office again.

"The Constitution says the purpose of impeachment is to remove somebody. He [Trump] is out of office. There's nothing left to do.
It doesn't say you can impeach him to disqualify him for the future. It says, if you remove him you can then add disqualification, but you can't just impeach somebody to disqualify them," Dershowitz said.

"The Senate can't try ordinary citizens. So once you're an ordinary citizen, you get tried only in the courts, not in the Senate. So it's clearly unconstitutional," he added.

Dershowitz, who served on Trump's legal team during the first impeachment trial, also discussed whether he thinks Trump is legally (or even just ethically) responsible for the Capitol riot earlier this month, and whether those engaging in violence could be considered "domestic terrorists."

Watch the video below to catch more of the conversation:

Want more from Glenn Beck?

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A new, shocking CBS News poll shows that the majority of Americans believe they're facing a new enemy: other Americans.

More than two-thirds of poll respondents said they believe democracy in the U.S. is "threatened," and 54% said "other people in America" are the "biggest threat to the American way of life," rather than economic factors, viruses, natural disasters, or foreign actors.

Will it be possible to unite our nation with statistics like that? On "The Glenn Beck Radio Program," Glenn and Stu discussed the poll numbers and what they mean for our future.

Watch the video clip below:

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Countless leaders on the left are now arguing that removing President Donald Trump from office won't be enough — they're now calling for the president's "cult-like" supporters to be "deprogrammed." And it's not just fringe politicians.

During an appearance on "Real Time with Bill Maher" last week, former NBC anchor Katie Couric said, "The question is, how are we going to really almost deprogram these people who have signed up for the cult of Trump."

Former Democratic presidential nominee Hillary Clinton and Democratic Speaker of the House Nancy Pelosi questioned whether the nation needs "a 9/11-type commission" to determine whether President Trump was colluding with Russian President Vladimir Putin "the day that the insurgents invaded our Capitol." Clinton also made sure to include her favorite "deplorables" in her unsubstantiated conspiracy theory:

"But we now know that not just [Trump] but his enablers, his accomplices, his cult members, have the same disregard for democracy," Clinton said to Pelosi.

Washington Post columnist Eugene Robinson and New York Times Magazine's Nikole Hannah-Jones agreed that there is a need for "millions of Americans, almost all white, almost all Republicans" to be deprogrammed and punished, during an MSNBC interview last week.

Now, a story from the Washington Post is also preaching that narrative and even added that we need more restrictions for conservatives on social media and in the broadcast industry.

"So now we have to be deprogrammed? We've heard this over and over and over and over again, for months," said Glenn Beck on the radio program Tuesday. He read through the shocking details of the Washington Post op-ed and discussed the extraordinary dangers of the latest anti-conservative movement in America.

Watch the video below:

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