GLENN: We have a ton to go through, but I want to start with a clip with -- this is a piece of audio that a person who was at a campaign rally -- and in fact, I think it's the campaign rally in Florida after that 30-minute commercial, you know, where they did the live shot and the crowd in Florida, this is the result of listening to Barack Obama. Ask yourself, does this sound like someone who is at a rally who has just listened to the person who could be the next President of the United States. Listen to what this woman says.

VOICE: It was the most memorable time of my life. It was a touching moment.

VOICE: Why?

VOICE: Because I never thought this day would ever happen. I won't have to work on putting gas on my car, I won't have to work on paying my mortgage. You know, if I help him, he's going to help me.

GLENN: That is fantastic. "I won't have to worry about putting gas in my car. I'm not going to we are about my mortgage." What country are we living in? "I won't have to worry about putting gas in my car"? "I won't have to worry about my mortgage"? Somebody is going to have to worry about your mortgage. Somebody is. You know who it's going to be? The people who are working hard right now and didn't get themselves into trouble. You know what? I have to tell you, and I know that there are exceptions to this rule. So this is a very harsh statement because there are those people who did the right thing that are in trouble. But I'm talking about the vast majority of those people who are in trouble now. Trouble has not hit the average person yet. What the average person feels is something wicked this way comes. They know it's coming. You know why? They know it's coming because of trickle-down economics. They know trickle-down economics works. They know that the financial sector has been hit. They know that the movers and shakers have been hit. And as much as everybody wants to celebrate, "Oh, those bad people have been, you know, hit," they know that that trickles down to them. They know that it is going to get bad. But that's the average person. They just feel it. And they've also felt the effects of inflation, of inflating our money. The dollar is weaker. It is harder to make ends meet today. But they are not on the verge of losing their house, the average person. With exceptions noted, those people who are losing their house today, the vast majority are the ones who bought the stupid homes that they couldn't afford. They are the ones that got into those stupid mortgages that they shouldn't have. You know, I know this sounds horrible, but I don't have a lot of sympathy for the vast majority of people who are in real problems today. You got yourself in there. You gambled and you gambled wrong. It's like, you know, it's like looking at people who went to Vegas and saying, "Oh, I feel really bad." You know what, hard time, they just lost their house. They went to Vegas! Again, with exceptions noted.

Now, if we are looking to bail everybody out today, that means the average Joe, the one who hasn't been hit by it yet, you're bailing those people out today. Who bails you out? The rich will bail the rest of America out. But Obama is going after the rich: How can the rich retain any wealth? How can they create wealth if the tax man cometh and take away all of their wealth? The system doesn't work. All you have to do is think about it logically. But people aren't thinking about it logically. They are feeling it. "Oh, it was the greatest thing ever. I just feel so great. I just feel like if I support him, he will support me." He's not supposed to support you! He works for you! He makes sure that the roads are built. He makes sure that the infrastructure is there. He makes sure that the Navy and the army is working. That's what he's supposed to do. He's not supposed to fill up your gasoline tank with gas. What, is he coming out in a little cap and a little white shirt with Obama on it? Ding, ding. "Hi, can I get you some more gas or can I clean your windshield?" That's not what the President does.

We have entered a space now in America. I want to play this audio again. Listen to it carefully. Listen to where we've headed and where we've arrived now.

VOICE: It was the most memorable time of my life. It was a touching moment.

VOICE: Why?

VOICE: Because I never thought this day would ever happen. I won't have to worry about putting gas in my car. I won't have to worry about paying my mortgage. You know, if I help him, he's going to help me.

GLENN: Okay. How is he going to help you? Because it's Halloween, let me use the Halloween analogy. It's Halloween. Your kids are going out trick-or-treating. My kids are going to be dressed after nap tonight. I mean, they are. 3:00 this afternoon, they are getting up and they are putting on their Halloween costumes. They are all excited. I'm going to have to wait as long as I possibly can before I take them out and we go trick-or-treating. I'm not going trick-or-treating on my street because there are 15 houses with for sale signs on it. I knock on their door, they're like, food, did you bring me a can? Actually I along with other neighbors have actually delivered candy to people's houses. Is anybody else doing this? We know that, you know, there's this one section of town where everybody goes trick-or-treating and so we deliver candy to those houses so those people don't have to have -- you know, they don't have to worry about the candy. So we're going trick-or-treating tonight. Kids are dressed. We've already done all the preparation. We've done all the planning. They're excited. They are going to go out. They are going to go door to door. They are going to fill up their bag.

Now, imagine some kid, some teenager who's just, I'm dressed as a teenager. You know the kind. "What?" "I'm dressed as a teenager." Just some bum who hasn't done anything. He just wants free stuff. If he comes up to the door and he happens to be standing at the door of, let's say Barack Obama and you got your kids, I got my kids and then the teenager standing out, "What? What? I can't get candy? Trick or treat." And Barack Obama answers the door and he sees your two children and your children have bags full of candy and the teenager, he doesn't have anything in his bag. Barack Obama wants to take the candy, he will look at the teenager, say this isn't fair. And he will take the candy from your children. Not all of it. Just a third of it. And he will give it to the teenager who hasn't done anything, who's not even dressed up in a costume. May be the first house he's gone to.

Now, would you say that that's fair? I wouldn't. Even if it was just another kid that was struggling and having a hard time, would you say it's fair if somebody opened up the door and that cute little kid that was struggling and didn't have any candy and had gone to all of the houses and just couldn't make it, would you say it's fair for the person to open up the door, take the candy, one third out of your child, one third out of the child next to them and give it to that kid? Would you think that's fair? Of course not. Would you think it's fair if there were three kids, all of them did their best, all of them deserve to be there, all of them were out but one had worked a little extra harder and had been out a little bit longer and they had a little bit more candy than everybody else, but they had earned it. They weren't going in to every single place, and they were just gouging themselves on candy. They just went longer and went to more houses, worked harder for it. Would you think it's fair if somebody opened up the door and said, here, you've got too much candy; give me some of that; I'm going to give it to the other kids. As a parent standing there at the steps of the door, of the porch, you know you would say, "Hey, hey, hey, what are you doing?" And you would never accept someone saying, "I'm just being fair." "No, you're not. You're stealing that candy from my kid. My kid earned it. You don't give it to the other kids. You want to give the other kids candy? You give it to them yourself. You don't take it from my kid." That's what would happen.

Now, if it was a poor kid standing there and he really worked hard but he didn't have any candy, as a parent what would you do? As a parent you'd get to the end of the street and you would look at your son or your daughter and say, "You know what? You have enough candy. I'm going to let you make the decision but don't you think it would be good, don't you think it would be nice? Imagine how good it will feel for you and for them if you went over and gave them some of your candy. They've worked really hard." I wouldn't do that at the end of the street with a teenager but I would for the cute little kid that really worked hard and didn't have any, and I wouldn't force my children to do it. I would strongly recommend it. I would do everything I could to convince them that that's the right thing to do, but I would not force them to do it because that's their candy. That is America. That's the way it should be done. But somehow or another we've become this country where you expect somebody to open up the door and take your candy away and give it to somebody else. It doesn't make any sense. That's called communism. That's called socialism.