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GLENN: But the good news is there's more bailout dollars coming. So we've got that going for us. I want to play something from Barney Frank. This is when he was asked about, you know, should we cut taxes, should we raise taxes, should we be spending more? This is what he says.
VOICE: A lot of things to pay for here and this second stimulus is being talked about at $300 billion. If, in fact, we were to see something like that move forward, are you going to encourage Senator Obama and Senator McCain to change their tax and spending plans in order to pay for all this?
FRANK: Well, I do think in this case, let me say my encouraging will probably have more impact on Senator Obama than Senator McCain.
VOICE: Do you want to encourage him to pull his spending plans?
FRANK: Well, I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when --
GLENN: Stop, stop. Did he just say what I thought he said? That there has to be an immediate increase in spending? Who in their right mind goes home and says when your whole world is crumbling down and you've got no more money left? You go into your house and say, hey, honey, honey, honey, we're about to lose the house, the car and I just lost my job and I think we're in real trouble; let's go to the mall! I mean, who does that? Honey, honey, I know visa and MasterCard and the banks are calling and we're just racked up all the way to the hilt with debt but look who's got a Diner's Card! No, no. No, no, he went on.
FRANK: Well, I think at this point there needs to be a focus on an immediate increase in spending and I think this is the time when deficit fear has to take a second seat.
GLENN: Stop. I think deficit fear needs to take a second seat. Hey, Stu, deficits aren't bad. Democrats now telling us deficits aren't bad.
STU: That's shocking, Glenn. I know that Halloween is close.
STU: And I have -- we're building a haunted house by our house just with people scaring people about the deficit.
GLENN: Oh, I know.
STU: Because I --
GLENN: It's David Walker. I got this kid dressed up as David Walker all the time. It's funny.
STU: Who would be scared about the deficit in a time like this.
GLENN: No, nobody would be scared of the deficit. Look, look, let's just break this down because I mean, to hell with common sense. Let's just break this down and let's just be real for a second. You know if you've lost your job or you're going through a real financial crunch, the last thing you worry about is crippling debt. You know what I mean? That's the last thing you worry about. Oh, debt, schmebt. I think, quite honestly I think our grandparents who lived through the Great Depression would beat anybody who's saying these things, I think they would beat them to death with Nerf shovels, I really do. And that would be tough because they're Nerf shovels. Just beat them to death with a shovel. How could you possibly think that when you're facing these things, debt needs to take a back seat? It's not like -- you know, we're at the top of the debt ceiling. It's not like debt's a new idea. "Hey, you know what? We're going to get through this. Let's just put this on our credit card." It's not like that. This is like the government defaults on debt. There's a -- we're talking, do you remember the outrage of the $700 billion spending package? Remember that? "Oh, my gosh, $700 billion, but that's just so much." This is half! This is half of that spending package and everybody's like....
If I may just point out one thing. The key phrase you're going to hear for the next 18 months is, "Yes, but... that's nothing compared to what we've already done. That's nothing to the compared to the $700 billion. That's nothing compared to the $300 billion. Well, this is just a fraction of just the spending packages that we've already done." You watch. That's coming. That's going to be the mantra.
Did Barney Frank say anything else?
FRANK: I do think this is the time for a very important dose of changenism. Yes, I believe --
GLENN: Stop, stop. What did he say? It's time for a very big dose of changelism? Changism? What. Wait a minute. Stu?
STU: Was that a word or a phrase?
GLENN: I think it's time for a very high dose of changelism. I think it's changism, changelism?
STU: That's like change by vandalism. Like it's like, it kind of --
GLENN: Which is so very appropriate, isn't it? It really is. Change by vandalism. "You're going to change (making spray painting noises)." Put a big C on his chest in spray paint. Stop. Come on, we need somebody -- freak jury, what is he saying here? We need a big dose of changelism.
STU: Can we get that word isolated here, Dan? We need to figure out what that is. Because it's probably something brilliant if it came from Barney Frank, I'm sure.
GLENN: What a dope. Massachusetts, we're about to kick you out of the union.
STU: Well, see, the thing is you can't kick Massachusetts out of the union. We have to talk about this, because you have to maybe kick Western Pennsylvania out of the union first because if you're going to elect a guy who not only calls our troops murderers and is completely wrong but then also calls his own constituents racist and rednecks, then we might need to eject you over to, I don't know, whatever country.
GLENN: Changelism and then give me a little bit of -- give me changelism, then a little Murphy.
FRANK: Dose of changelism.
GLENN: We need a heavy dose of changenism. What the hell is changenism? You know what, get Barney Frank's office on. Get Barney Frank's office on the phone. I want a definition of changenism. He said we need a heavy dose of changenism. I need to know what it is.
STU: All right. Let me check that.
GLENN: Hang on. Is there more?
FRANK: Changelism. I think there should be heavy tax increases. I think there are very rich people down there who we can tax at a pointed down the road and recover some of this money.
GLENN: That's unbelievable. Just unbelievable. Okay. So big spending coming our way. Did you notice he didn't talk -- he didn't even address the tax cuts. Nowhere in there -- I mean, sorry, not tax cuts. Spending cuts. "Yes, and I think we can go down the road, I'm hoping we can maybe cut back on some of our spending... we can tax the bat snot out of some of these rich people. That's the kind of changenism that we need. That's the kind of changenism I've been hoping for. I don't know about you. It's the heavy dose of changenism that I've been looking for.