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GLENN: Is anybody else really kind of pissed off that George Bush warns that there might be too much government in the markets?
STU: Oh, I saw that speech last night -- or yesterday, Glenn.
GLENN: Can I tell you something? I don't know about you, but I had to go in for a blood transfusion. I lost a bucket of blood right out of my eyes.
STU: And you know what? It was a great speech. It was everything that we liked about him but the problem is he's not doing any of those things.
GLENN: I know. He can talk a good game -- well, no, he really can't even do that.
STU: Because it seems like one of those things, Glenn, that you sit here and these people can't really believe the things we elected them on because when it comes down to it, they don't -- when it comes down to the clutch, they go to socialism.
GLENN: Look, here's what I really believe is happening. I really think that our government -- and we're only going to know this a year from this coming Christmas. By this time next year, these things will either start to pass and you'll be able to see these things clearly for what they are, or it will all be cleared up and everything will be sunshine and lollipops and, you know, you can say, Glenn, you're so stupid. And I'd be glad to say, "Yep, I was." But a year from now we're going to start to see how bad trouble we are in and what the effects are of everything that is going on. And I believe that a year from now this country will not resemble what we are now. We are going to be in real financial jeopardy. We're not going to be talking about, "Hey, we're not in a recession -- yes, we are -- no, we're not." 1979? We're going to see it in a whole different way a year from this coming Christmas, and I think the people at the very high end know it. I mean, I have enough people who are in the room with these people. I have enough people that talk to me off the record that play in these circles, and they all know. And I think what's happened is the big players are saying, "Okay, what do we do? No way out, no way out, no way out." So they made the decision: Do we let this thing slam into the side of the mountain and all of a sudden you wake up tomorrow and unemployment is at 15%, or do we unwind this thing slowly and hope that enough people will start to wake up and go, uh-oh, uh-oh, uh-oh, and prepare and start to live sensibly and start to be able to be a little more on their own. And I think what they've done is these politicians are such spineless weasels that they have decided, "Okay, we're going to do that." And you could make a case even to me, if I could sit down with Paulson and Bernanke and everybody else and I would say, "Okay, really, off the record what's the deal," and I was the President of the United States, you could make a case to me that if it was really going to unspiral and you're going to have to -- Mr. President, we're going to have to start all over again, you know, the Constitution will be left intact but we're going to have to start all over again but this we believe is the way to cause the least amount of pain because people will be able to adjust, see it coming and then prepare. You can make that case, and I may make the same kind of decisions that Bush is making now. I think I'd leave a few more breadcrumbs but he's in a no-win situation because the President of the United States, if he comes out and says, hey, by the way, everything's fine -- panic, food storage -- it's all going to be great -- probably chaos in a year -- the whole thing falls apart. So what is he going to do? I think these people have made a decision, I think the good ones have made the decision to help people prepare. I think the bad ones have made the decision, I'm getting mine and I'm going to put myself in a position to where I survive and I see the writing on the wall and it's moving towards a global economy, it's moving towards a global kind of governance and I think those big, big -- all those people that are too big to fail, I think those upper levels are moving away from America and into a global community. And unfortunately if we're not left with anything down here, we're not going to have any choice up there. And I don't think there's any star chambers or, you know, people getting together: "So Wilfred, what have you done today?" "I bring you the flesh of more Americans." "Excellent, Wilfred." I don't think that's happening. I think that is just greedy people combined with arrogant people, people who are like, we're the United States of America, we'll always have... arrogance, "We've got so many redundant systems. The dollar, the dollar will always lead the world." Yes, I remember another phrase. It was something like, "We are the British empire. We will always rule the seas." And in ten years after Great Britain and the -- I don't even know what it's called, the secretary of the Navy over in England, being Winston Churchill, within ten years they didn't rule the seas. So don't get so arrogant. And then I think just people who are just so hooked on cakes and circuses.
Has anybody watched, like, regular television lately? I mean, I swear to you I live in a different world. I don't watch television really all that much anymore. I watch The Office, which is fabulous, watch The Office and maybe a couple of other shows, but that's pretty much it. I get my news from radio, a billion newspapers and television, and television, cable television. Gosh, there's one network that I think is -- oh, I remember -- Fox News. And so I rarely watch, like, The Today Show. Have you seen that? They are all -- you know what the news is? "What kind of dog is Barack Obama's family going to have? Let's vote for a dog." You've got to be kidding me, right? The dog he's going to have? That's the news? I mean, the other problem of this is that people are watching the circus and they're having a little cake. "Yep, I got some cake." Funny dog, a funny dog in an outfit (laughing). That combination is deadly. That's the combination quite honestly that our founding fathers warned us about. And once, once the people who are paying attention, you, once you can really know the facts, once you dedicate yourself to go, "Uh-oh, uh-oh, we really are in trouble," you're going to be able to wake enough of the cakes and circuses people up and the ones who are like, "We will always rule the world," you'll be able to wake enough of those -- not all of them, not by any stretch of the imagination. And those people are going to be able to point to the greedy people and they are also going to be able to wake enough up that there will be something to salvage from the plane if, indeed, it does slam into the side of the mountain.