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GLENN: I just have to laugh every time I hear -- and it's up on the Drudge Report today -- that Wal-Mart has shown an increase of 10%. And I laugh because I think to myself, "Wait a minute, the evil Wal-Mart? No. Wait a minute, I thought they were the ones who were destroying America." Now all of a sudden everybody's starting to go and shop at Wal-Mart. They are seeing an increase of 10% from people who are like, "Yeah, I don't think Macy's is really the place for me right now; I think I better go to Wal-Mart. They come in and they actually help save. Why? Because they've got value. What a crazy idea, huh? And here they come in and they're riding in and people are coming to Wal-Mart. Wal-Mart wouldn't be here, by the way, if they would have done all the things that the people who tried to destroy them wanted them to do. And now they come in and they have a big increase. I'm wondering if anyone in Washington -- let me think about who could possibly say this. Well, I can't think of a single soul. Somebody might say, these people in Wal-Mart are making too much profit. While everybody else is falling apart, we've got to take half their profits. Did that sound like my Barney Frank? Gosh, I'm sorry. There seems to be no Great Depression at Wal-Mart. Other companies are talking about the worst periods in their history. Wal-Mart has increased its sales by 7.5%, increased earnings almost 10% last year. "That's the evil kind of profit I was talking about." How are they doing this in this economy and what could we possibly learn from Wal-Mart? Well, maybe America is finally starting to wake up from the, oh, who is that? Paris Hilton, and their -- was I just thinking out loud? I'm sorry. Maybe America is starting to think to themselves, "Gee, I don't know. I think there's more to life than little dogs and purses." I mean, it's just me. People are starting to look for value because America's starting to struggle. You know what I really regret on this program is that people have -- I mean, look. Dire times are coming today. I don't mean just prepared for them like, go for your guns. I mean, you need to be prepared for them spiritually. You need to be prepared for them. You need to know who you are. You need to know what you believe in. You need to America is. You need to know what our values are, what made us great. And it was freedom. It was capitalism. It was being fair. It was being a good person. It was saying what you meant and meaning what you said. It was a cowboy contract. It was looking a man in the eye and shaking hands and saying, my word is as good as any contract that you could get. We need to be able to fall back on those people. We need to become those people again.
But the thing I regret on this program is as I delivered these messages, as I say, "Hey, tough times are coming," all the people here for some reason is, "It's the apocalypse; Jesus is coming; run for your lives; the entire country's going to burn to the ground." I don't believe any of that -- well, I do believe Jesus is coming and the "Run for your life" part, but I don't believe that the country's going to burn to the ground. I think we're going to have tough times. But I mean, let's look at the toughest times in American history. The Civil War. Yes, did cities burn to the ground? Yep. Did commerce still happen? Did people still have families? Did people still have food and homes? Did they struggle? Yes. Did they die? Yes. But did we survive? Yes. And that's -- when I say dark, dark times are coming, look at the worst time in American history, the Civil War. That was a dark time. But life still went on. And so when I say look out, here comes the economy, something that we've never faced before, you are still going to have to go out and buy stuff. You are just going to have to be careful to get your money's worth. Things are still going to happen.
You know, I was talking to somebody the other day about the state of the bookstores right now. They are having 30% drops in sales of books. I know, great time to release a book, isn't it? My timing's always great. But what they found is that people are still buying books but they are only going out and they are buying that one book, the book that they thought, this is a book I have to have. They are not going into a bookstore and they are not buying three, four books, you know? Sometimes you go into a bookstore and you are like, okay, that's the book you want but you're like, oh, but this one looks really good. That's not happening now. They buy the book they want and then they move on. Luckily for me my childhood was screwed up enough that it's being -- it's now being purchased in book form by people who can't seem to turn their head from a fatal car accident.
But why is Wal-Mart succeeding? Why is Wal-Mart succeeding while others fail? It's easy. They didn't do all the things the government is telling us we now need to do. They didn't overspend, they didn't organize with labor. They don't have giant labor problems. They pay their workers fairly but they are not locked into long-term union deals with gigantic benefits that make the stores impossible to run at a profit. They haven't been pressured, you know, they haven't caved to the pressure of the hundreds of politicians and activists. They have been -- think about Wal-Mart. They have been attacked by entire cities. "There will be no Wal-Mart in our town." That's fine. Even Jeremiah Wright is out to boycott Wal-Mart. But they stayed true to their sensibilities.
You know, we always talk about running our government like a business. I think Wal-Mart is one of the only businesses that runs themselves like a business today. Everybody else is running their business like a government. You've got to give people good value. You've got to give people a good price. And when politicians kick them out of a city, they will build a store right across the border and it will be packed. Why? Because people want and now really need the services that they provide. Along with that, they are fair with their employees. They offer them opportunities to move up with the company. You work your butt off at Wal-Mart, you move up in the chain. You don't work your butt off, hey, get the hell out of my store. They reward people who have made them the company that they are today. Isn't that the way we all should be running our business? Isn't that the way we should be running our country? Congress, you haven't performed; get the hell out of my office. Why are we wasting the lights? I mean, have you seen the electricity bill? Let's turn the lights off at the capitol. We'd get a lot more done.
For whatever reason Wal-Mart is vilified. Despite the fact that it gives people who don't have a ton of money a chance to save money on things they need. Despite the fact that they've saved Americans over a billion dollars on prescription drugs by charging only $10 for three months of medication, $10. Saved America a billion dollars on prescription drugs because they felt it was the right thing to do. But do they get recognized for it? Despite that they put up medical clinics in their stores, provided medical services to tens of thousands of people with no insurance at a low cost and yet, they are the enemy, and I predict that Wal-Mart and other stores like it will be made the enemy even more by big business, by big labor, by the United States government. They will say, "Why is Wal-Mart a, why do they have a 10% profit?" Which, by the way, is two percentage points higher than big oil and 85 percentage points lower than hedge funds. Hmmm. I wonder which firm makes it through the end of this storm: Wal-Mart or hedge funds? Wal-Mart and your family, if your family is built on values like Wal-Mart, if your business is built on values, if you have done the wrong things in the past, stop it right now. Just change today and you'll not only survive but you'll thrive because those American values, American values will always win in the end. Politicians will come and go. American values won't.