GLENN: Now, on the Big Three auto manufacturers, here's one thing you have to keep in mind. The automakers need the money because congress has imposed environmental regulations and forced them to retool to meet the obligations. So they are like, "Okay, we don't have the money to do that." But here's the other thing, and this bothers me so much. Somebody called me just last hour and said, "Oh, Glenn, my grandma wants to know what's the problem with socialism." Well, here's the problem with socialism. It again takes away your choice. Unions are part of socialism. Unions are going to get stronger and stronger and stronger in this country and then what happens to business? Well, what happens to business is the Big Three automakers.
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Try this one on. Right now the hourly compensation for the Big Three is $73.20 an hour. You work for GM, you work for Ford, you work for Chrysler, $73.20 an hour. Toyota is $48 an hour. Compared to the average compensation for management and professional workers, it is $47 an hour. If you manufacture goods, $13 an hour. And all workers nationwide, it's $28 an hour. Now, should you be providing billions of dollars to bail out the companies like GM, Ford and Chrysler that compensate their workers 52.5% more than the market, assuming Toyota wages and benefits are market? 54% than management and professional workers? 132% more than the average manufacturing wage? 157% more than the average compensation of all American workers? I don't think so. It's the unions. It's the unions. You can bail them out all you want, guys, and I -- you know that GM is near and dear to my heart. I am a believer in GM. I am a believer in the future of GM. I am a guy who's driven GM products forever. I had GMs in my garage long before I ever started doing work for GM. So you know where I come from on GM. But you know what? My values are my values and even though General Motors is one of my biggest sponsors, I'm not going to tell you that I'm for this bailout if I'm not, and I'm also not going to avoid it. GM has to make their own decisions; I have to make my own decisions. I will tell you that GM makes an unbelievable vehicle. I will tell you that I have met with the people at GM and I really, truly believe these guys get it. I also believe that GM and all of the automakers have a gun pointed to their heads. They have a gun pointed to their heads by congress and the unions. They are up against a wall and they are looking at it going, guys, help us, please help us. And I understand it, and part of me, because it's congress' fault, part of me says we've got to go in there and save them, because it is the people's representative that has done it to them. Congress has created this mess, but I am not going to create a bigger mess by getting them involved. Somebody, somebody, somebody knows the value of GM and once they can get out of these ridiculous union contracts, if they have to fold, then they fold. And you know what, unions? You did it. Somebody will come in and buy those assets. Somebody will -- I mean, the brains that are behind the cars that are coming, I mean, the Volt is unbelievable. I've driven the hydrogen car. That ain't gonna sit on a shelf. Now I hope to God that it's an American company because we've all been duped when we said, "Oh, well, they are all made in America." But the money goes overseas. Even if they're providing the jobs at Toyota here in America to build those cars, we have become a slave nation. We have become a working nation. We don't own the car. We don't own the company. We're just making it. We're Mexico. Well, I don't want to be Mexico. It does matter if you buy American. But because of these damn unions, why would we write a check as the American people, why would we do it, when 157%, 157% pay increase as opposed to the average American worker, 157%. And by the way, it ain't that expensive to live in Detroit. You can buy houses now for 10 bucks a pop. Of course, you do need to have an armored car to get your kids to school. It's an absolute national tragedy, but this is where the government is going and they are going to do it as a payoff to the unions, they are going to do it as a payoff to healthcare. You watch. It's going to be tied into healthcare. You may not see it right away but you will see it. It will happen. And meanwhile the rest of the world just wants to build a global society.
You know, I just -- did anybody else just want to take a break from the news? Is there anybody else that is feeling like me, that you just, you're seeing this stuff coming, you've seen this stuff coming for two years. You know, we've been talking about what was coming and what was coming and now, you know -- I mean, is it new to you that now the prime minister of Great Britain says it's time for a new global society, that he wants a global society that will have a consensus on tax? We're going to listen to Europe about taxes? And with Obama you know he'll do it. It's this collectivist society. It's, "We're better than that, we all can work together." Well, workers of the world unite.
I was just in Texas last week and I was giving a speech on Friday to a bunch of entrepreneurs. They have been brought in from all over the country by Shell. And so I'm talking to them and afterwards they had some groups that were -- that had broken off and I went to speak to them individually and just take questions and answers. The same question was asked in each room, two, the two questions. First two in each room. First one was what do you really think about Obama. And I'm like, like I've been holding back? I said, you know what I really think about Obama, but here's new information. He's our President. If he fails, we fail. We cannot afford to have him fail. This isn't the 1970s. No matter what everybody wants to say, "Oh, well, we've had Jimmy Carter," this is not 1977. This is a different time. This is entirely different. We cannot afford this man to fail. We must support him. We cannot sell out our values. We must know the Constitution. We must know that a global consensus on tax is nothing like our founding fathers had envisioned, nothing. And that will lead to our demise. But we have to have him succeed.
The other, the next question was what's coming our way, and let me tell you something. In 32, 33 years of my doing broadcast, never, never have I felt a time where Americans were more frightened than they are right now. Americans know something wicked this way comes. They know, and they're frightened. I've never sensed it. It was palpable in the rooms. Let me tell ya quickly, what comes our way is bad. It is -- I really, truly believe. I don't know if it's going to be an event or just an unspiraling, but it's bad. But with that being said, so was September 11th. But September 11th led to September 12th, and Americans are fighters. We're winners. We never give up. It's always when we're down on the mat, where everybody is counting us out that we rise up. And then we start swinging. That's when we're at our best is when we're down. So have a healthy fear of what is coming. Prepare yourself for what is coming and do that by preparing yourself temporally in the things you need, of the food, saving your money. Look for ways to cut back. Prepare yourself there but also prepare yourself spiritually and prepare yourself intellectually, on knowing the Constitution, know what you really, truly believe in and we're going to be fine. In the long run it's going to be a time where we are around our families, our families are around us. It will be a good time in America, just like you could concentrate on how bad it was on September 12th because we were all freaking out and we were all bad, we didn't know if it was the end of our country, we could go back and look at September 12th as that but nobody does. Because the bright, it was so light in comparison to the darkness and that is what's going to happen again. The dark is going to grow very, very vivid. But as anybody who's ever lived in Seattle and then moved to some place like Phoenix or Tampa, anybody who knows, shadows can only be very, very dark and vivid and bold if the light is not covered by clouds, if the light is just so vivid itself. So good things are coming in disguise as hard things.