GLENN: Yes. So tomorrow's the big day. We have the coronation -- the election -- tomorrow where, you know, it's a formality, make it official: Hey, look who's God. And I just thought, you know, I want to put -- I just want to -- maybe it's just me, and you can comment on any of this. You know, anybody who wants to call in and be heard on these things, you go ahead and we'll write it down.
Stu and Dan, chime in on these things. I'd like to know the odds of a riot tomorrow. I think the odds of a riot tomorrow if Obama does not win 100%. Yea or nay?
STU: It's not a very good Vegas odd line there because I don't think there's the other side of that. But yeah.
GLENN: No one's going to take that bet. Of course it's 100%. And if it breaks out in Detroit, they will do hundreds of dollars worth of damage.
STU: Yeah, but you have to ask the people --
DAN: You have to ask the people of Detroit to clear up the answer on the bet. What are they rioting for? There's several reasons to riot in the streets.
STU: Could be a normal Wednesday riot.
GLENN: Hang on a second. First of all, in Detroit they may actually do -- it's like a public service. This might be part of the green corps: Hey, burn down that entire neighborhood, will ya? I mean, and again they would do like, I'm guessing but I mean, the insurance companies would be on the hook for, like, 50, 60 bucks. So you've got that going for you.
Now, odds that there's a riot because he wins.
STU: You mean like we won the championship, now a riot?
GLENN: Yes. Not like Wyoming, you know, is all of a sudden, "What!" I mean, yoo! I mean, all of a sudden they burn Detroit down because he's won.
DAN: There's going to be at least be cars rolled over. I would at least say that.
STU: It has to be, right? I mean, that's --
GLENN: It doesn't have to be. In the world that we're now living in, yes, I suppose the odds are in its favor, but it doesn't have to be. I don't think we've ever had -- has anybody ever rolled a car when the President has ever won before?
STU: I don't know. That's a good question.
GLENN: Could you look that up for me at some point today? I'd like to know.
STU: Definitely, I'll check that out, Glenn.
GLENN: All right. Check back especially, especially in that Hoover administration thing. That was a big one.
DAN: They were pushing cars in the Jimmy Carter one just to get them to the gas stations.
STU: Yeah, and that might start again.
GLENN: Okay, so come on, really. Odds, if he wins, a celebratory riot.
STU: I'm going to say -- I'll go no. I'll say no.
DAN: I'm going to say, yeah, I think so.
GLENN: Do you guys know how to play the odds? Yes and no, that doesn't work. You give me a percentage.
STU: What's supposed to work is that you are supposed to give us odds and then you take it or not take it, Mr. "I've never -- I've gambled one time and I've told a story about it 500 times." I mean, the way you are supposed to say it is --
GLENN: Dan, Dan, do me a favor.
STU: Would you bring a box in for Stu Friday? He is going to need it.
GLENN: You know what, Stu, I just want to help make sure that you get part of that bailout package.
STU: Thank you. I appreciate that.
GLENN: You're welcome. One way or another, I'm going to be paying for it. So --
STU: I'll say 35% chance of riot if Obama wins. I'd say 85% if he loses.
GLENN: If he loses, 100%. 100%.
STU: I thought the game was I was supposed to say a percentage.
GLENN: Is anybody writing this down? I guess I should have said that at the outset. Somebody should write this down. I say 100% of you loses. I agree with you. I'll take a little -- I'll be a little riskier. 40% if he wins. I think you are probably accurate, 25, 30%. But I'll go, oh, what the hell.
STU: So you are saying --
GLENN: What we need is a good riot!
STU: All right. So 100% if he were to lose.
GLENN: If he loses? Do you think, anybody disagree with me?
STU: I said 85%. Do you listen to this show?
GLENN: No, I don't listen to you. I listen to this show. It's fantastic.
STU: You just hear silence when I'm talking? Doesn't seem like --
GLENN: Hello, are we still on the air?
Okay, let's go to the stock market. On Wednesday has everybody cashed out at this point? Is everybody who said, "Holy cow, socialism is right around the corner," have they cashed out. What is -- can you look at a chart of ExxonMobil? Because if ExxonMobil hasn't lost half of its value, oh, it will.
STU: I know it's down quite a bit actually. Let's see if I can get a stock quote here.
GLENN: Look that -- who's the biggest coal producer in the country? That's got to be -- I mean, coal's going to just take a -- if you are an energy company, bye-bye. So stock market, down -- is it going to be up or down? And is it going to be big in either direction? I'm torn on this one because if you didn't get your money out yet, you're just so stupid that you -- I mean, you know, if you are still, "Well, I don't know, I think Obama, he may not be so bad." I mean, who's running for the exits after he wins?
STU: I think an Obama win has been priced into the stock market already.
GLENN: I think so, too. I think so, too.
STU: I think that's what everyone's expecting at this point.
GLENN: I think it's going to be down but I don't know if it will be big.
STU: On Wednesday? All right. You are going to say down by how much? Just give me a number.
GLENN: I don't even know what big is anymore. I say a couple of hundred points.
STU: 200 points? I'll say up 75 points. And then because that's the whole thing of you sell the news -- what is it? You sell the rumor and buy the news or the reverse, however that works. As you can see, I'm a financial genius. But I think that everyone's already priced that into the market than when he actually gets elected, it will bounce a little bit.
GLENN: Here we go, next one. The year the Democrats actually stop running against George Bush.
STU: Oh, God.
GLENN: I think 20 -- I don't know, you know, 2030. What do you think?
STU: 2030? Yeah, see, I don't think so. I think it's going to have to be -- you've got to figure -- I'm going to say 2204 because in 2204 there's going to be a lot of new issues on the table and I don't know that they are going to be able to quote George Bush.
GLENN: They will still -- you know this economy -- well, let me go back a step. How about the economy? Does the economy magically look better now that Obama is in, according to the media? Are they deemphasizing it or do they just continue to tell the news but now really emphasize how bad George W. Bush was and how this economy is called?
STU: Well, clearly the economy here is going to all of a sudden be magically helped just like it was -- remember in 2004 they ran their whole campaign on George Bush was worse than Herbert Hoover and then we went on to have like three, you know, very good years in the economy. So I think that they will probably start doing that immediately but I just wonder, what is the statute of limitations on George Bush's economic policies? Are they going to be able to -- in 2012, you know, will they still be able to say, look, we just haven't been able to recover from all that evil George Bush stuff?
GLENN: They will. They will continue to run on -- they will run against George W. Bush until the end of the Constitution. So that could be three weeks from now. We're not sure but until this country is over, they will run against George W. Bush.
I don't think the media is going to -- the economy is going to look good. I think all they are going to do is dogpile onto George W. Bush the evil capitalists, the evil Wall Street, the evil bankers, the evil CEOs. That's all they are going to do. And they will continue to say how awful this economy is, where normally it turns around. But this economy's not going to turn around. And when they realize it's not going to turn around -- I mean not going to turn around at least, you know, quickly, when they realize that, they are just going to dogpile on which will make Obama's job seemingly more easy.
Now, next question. Percent of purchase price that is the new sales tax for a firearm.
STU: By when? When is this -- whenever he UPS it?
GLENN: Twelve months. Within 12 months.
STU: What is it now? Do you have any idea?
GLENN: No idea. Joe, can you check that out for me? What is the current sales tax -- federal tax, not sales tax but federal tax on firearms?
STU: I'll go with a full double of it, whatever it is.
GLENN: I'm going to go for three times. If guns are still available.
STU: Right, yeah, that's always the --
GLENN: Number of prisoners in Gitmo released.
STU: 100%. You mean released or just out of Gitmo. Because he's always talking about closing that thing down.
GLENN: Well, released to --
STU: Released to freedom or released to, you know, they go to trial in America and they go through, you know, another -- a different prison, different circumstance?
GLENN: Can you imagine if we're trying, if we try terrorists in our own courtroom?
STU: Yes, I can definitely imagine it. It seems to be our goal.
DAN: They are going to get therapy. The sentence.
STU: Seems the only thing we care more about than main street is the terrorists' feelings of late.
DAN: They had troubled childhoods, you know.
GLENN: The date Obama hits a 30% approval rating.
STU: See, how do you get to a 30% approval rating when you are a Democrat? Is that possible?
GLENN: Oh, it's going to be.
STU: George Bush is between 25 and 35 right now. Now, he has been absolutely viciously attacked for eight years, some of it legitimately for many commentators but some of it completely unfair, that much of it completely unfair. If you are Barack Obama, you are going to get the full-fledged support like a "Pledge of Allegiance" from 90% of the media. How do you ever get that low?
DAN: Even if it did, they are not going to report it. I mean, look at congress now. Democrat-controlled congress is even lower than Bush by far.
GLENN: Here's what I think's going to happen. I think that in -- ten years ago he would hit an all-time low. I mean, congress, the approval rating of congress is at 9%? I bet you it gets down to 6. You have a -- in the old days 100 -- I mean, 10 years ago -- in the old days -- I would have said that he could hit an approval rating of 30, but I don't think that he will. I think Joe Biden is right. I think there is going to be an event and the pendulum is going to stop swinging. I really think these guys will grab the pendulum and making sure it never swings again. It never goes away. You know, I have talked to so many regular people, so many regular people that I swore, if you would have given me and said, you know, Glenn, bet your house on whether that person agrees with some of the stuff that you said, I would have bet my house, no possible way, no way that person agrees with me. I have met so many people just this last weekend that said, "Glenn, I mean, I think we're headed for a Civil War. I just, there's -- I think there's a possibility this guy turns out to be a fascist." And I've talked to Republicans, I've talked to independents, I've talked to Democrats that have said this guy really spooks me. And with the combination of congress, I think they could stop the pendulum. I think that there is a lot of people in this society that their gut says real trouble on the horizon but they think they're alone, and they're not. I just think this warning bell is going off like crazy and, you know, get all spooky, freaky religious with you, I really think that God is awakening his people and I think the opposition force is just as strong. I really do. I think the opposition is just working their own kind of miracles right now and I just think that those people -- you know, I was talking to a family member of mine and I rarely talk to her. I just happened to talk to her this week even. Rarely talk to her and she is one generation removed from the Great Depression. And we were talking about it and she said, "Boy, everything, everything my father, who lived through the Great Depression and was raising kids through the Great Depression, everything my father said to look out for is coming." And she said, "I can't understand your generation." She said, "Your generation, we taught you these things. We passed it on. How is it when these things start to come that you miss it?" I said I don't know, I don't know. She said, "You know, I have found that the people who are spiritually aware right now are the ones most likely to be awake." And I said, I don't know, I've met a lot of people who I think are, you know, real spiritual people, you know, going to church all the time, blah, blah, blah, blah, blah, don't get it. They don't see it, they don't get it. And I don't understand how in a country where freedom, freedom and freedom with religion and capitalism, how people aren't saying, "Well, wait a minute, hang on just a second, I don't want a big heavy state telling me exactly what I can and cannot do."