Glenn Beck: Barney Frank passes the buck

GLENN: Maybe I'm wrong, but why is it we're listening to the same people who told us there wasn't a problem? Why is it we're listening to the same people who designed the crash? Why are we now telling -- listening to them and giving them credibility? Why are we listening to Barney Frank? Do you know who helped write that speech yesterday for Barack Obama? Chris Dodd and Barney Frank. Why would we listen to these people when they were the ones who told us Barney Frank said last summer, "Oh, let me tell you something about CitiBank -- not CitiBank, Freddie and Fannie, they're fantastic. There's no problems. Why is everybody trying to talk Freddie and Fannie down?" Because it's the truth. And now he's saying, "Oh, this is going to work," except when he's on ABC.

Do you happen to have the clip of him saying, from ABC Good Morning America? Do you have the whole clip or have you had it isolated? Yeah, okay, listen to this from Barney Frank.

FRANK: As a result of having bought a lot of bad stuff, people wouldn't buy good stuff. The Bush administration came to us and said if you don't give us $700 billion right away, there will be a collapse. Now, we have a problem because the initiative is with the administration. But it hasn't been $700 billion. We did vote the authorization, but we said that after they spent the first half, they were going to have to notify congress before they could spend the second half. We are sufficiently dissatisfied with what the Bush administration did with the first half. Now, that second 350 is frozen and is not being spent until we come to some agreements with the Obama administration about how to spend it.

VOICE: Mr. Chairman, your title is chairman of the house financial committee. I mean, certainly this isn't just about you looking to the administration. You have a role in this, also. You approved the TARP plan, you approved the spending. And the question is where is the accountability? Do you know where that money went?

FRANK: I'm trying to frame that. No, in part we don't need it. First of all, and this is not just the technical things such as stressing the title. It's the financial services committee. I say that because everything, Senate finance committee, they focus on taxes. Yes, we know in part where it went. We are unhappy with that. We set up a mechanism to monitor it and because we are unhappy with it, we have frozen the second half of it.

GLENN: Stop for a second because I've got to come back. We're going to take a break and I've got to come back. You have to hear the rest of it. This guy has had no -- "What? It's not my fault. It's Bush's fault." Bush told him it was in trouble and they were only doing what Bush told him to do. Where is the accountability? Why are we still listening to these people?

(The Villages)

GLENN: The truth on Ayn Rand from fiction to fact, coming up.

(OUT 9:30)

GLENN: So Barney Frank, and let me just play a little bit of the Barney Frank interview there on ABC television.

FRANK: We are sufficiently dissatisfied with what the Bush administration did with the first half. But that second 350 is being frozen and is not being spent until we come to some agreements with the Obama administration about how to spend it.

VOICE: Mr. Chairman, your title is chairman of the house financial committee. I mean, certainly this isn't just about you looking to the administration. You have a role in this, also.

FRANK: Technically --

VOICE: You approved the TARP plan, you approved this spending and the question is where is the accountability. Do you know where that money went

FRANK: I'm trying to understand that. No, we don't need it and this is not just a technical thing since you are stressing the title.

GLENN: What does that have to do with anything?

FRANK: We set up a mechanism to monitor it and because we are unhappy with it, we have frozen the second half of it.

VOICE: But just think of that as the --

FRANK: I'm sorry. If you keep interrupting, we can't have a coherent conversation. These are not subjects that can be answered in 18 seconds. You asked me what happened, I told you. They spent the $350 differently than what they told us. We expected them to spend a lot on diminishing foreclosures. They refuse to do that. As a result we have frozen the second half and we won't unfreeze it until we get an agreement, and I think we will because we have a different and I think more flexible administration.

VOICE: Let me ask you a little bit more different question. You said we have two different crises.

GLENN: Stop for a second. This is what Barney Frank is saying: Don't look at me. Don't look at me. That's the problem here. Do you know that the SEC was alerted on Madoff? Eight times. In fact, in the end one person went to and actually met with the SEC, the head person here in New York, and said, "Please listen to me, this is not right. Something's wrong. I have nothing to gain, I have nothing to lose here. I am only as a concerned citizen. This is not right. I've done my homework." The SEC did nothing. This is not a failure of capitalism. This isn't a failure of the administration. This is a failure of government.

 

There’s an economic axis of evil taking shape right now, and the people in charge of our government are too stupid to acknowledge and deal with what’s happening. The U.S. dollar and the entire financial system are at stake, and, as Glenn Beck reveals on "Glenn TV" Wednesday, our enemies’ PUBLISHED plans to take the entire thing down.

While all of this is happening, our own leaders are making everything worse. We’ve got Nancy Pelosi risking an international incident, accelerating China’s plans to collapse us. And when Biden SHOULD be focusing on the security of our country, he’s instead preoccupied with controlling the weather with his Inflation "Reduction" Act.

Glenn exposes the TRUE numbers on what that bill will do to your family’s budget. Add to that, they’re more than doubling the IRS to make sure you feel the pain. And if you think they won’t come for you, look at what they just did to the former president of the United States. The DOJ and FBI just went after the political opponent of their boss, Joe Biden.

This is what they are focused on, and the threat to the dollar — and the entire financial system — isn’t even on their radar. Pain is coming for us, and they don’t care one bit.

Watch the full episode below:

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Speaking before signing the “PACT Act of 2022” on Wednesday morning, President Joe Biden claimed that his wonderful economic plan "is working" and that somehow July’s annual inflation rate of 8.5% was actually “zero.”

“I just want to say a number: zero. Today we received news that our economy had 0% inflation in the month of July,” Biden said during a ceremony in the East Room of the White House.

White House press secretary Karine Jean-Pierre dutifully echoed the president's not-at-all misleading claim:

The truth of the matter is that last month's inflation rate of 8.5% was a (small) step in the right direction, but only because it was lower than June's 41-year high of 9.1% — and the thing is, anyone who's graduated kindergarten knows it.

So, who do White House personnel think they're fooling? On the radio program Wednesday, Glenn Beck and producer Stu Burguiere broke down how the Biden administration came to this latest disingenuous conclusion about the economy, what the latest consumer price index actually shows, and why the inevitable Biden brag-fest will be unbearable.

Watch the video clip below. Can't watch? Download the podcast here.

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Glenn Beck: This is the ONLY endgame that makes sense for the FBI’s raid on Trump’s Mar-a-Lago home

(Left) Photo by James Devaney/GC Images (Right) Video screenshot

If you're celebrating this FBI raid on Mar-a-Lago, you have no idea how much this changes things. We don't do this in America. At least, we didn't. But the left cannot have Donald Trump be president again. His "America First" platform goes against everything they've been working for. So, what's their endgame here? On the radio program, Glenn Beck said there's really only one endgame that makes sense — and it should scare us all.

"If you are not for the destruction of America, you better pay attention quickly. This is a massive move," Glenn said of the Mar-a-Lago raid.

"Who has credibility on this? ... The right will believe Donald Trump, but nobody on the left, so you're not going to change any minds there. Do you think the right will believe the New York Times? MSNBC? NBC? CBS? Do you think we're going to believe the New York Times — the people who have been carrying water for the Biden crimes? The Clinton crimes? And ... I'm talking about her server and having her own State Department people go into a skiff, which is the top secret room, completely sealed off, going in and getting documents, cutting off 'top secret,' and then emailing them to her on her private server. And nothing? And now you're going to try to convince me [that] this has nothing to do with January 6?" he added.

"Remember the [allegations about] bank servers, [Trump] was pinging a bank? Untrue. Carter Page is a Russian spy? Untrue. Donald Trump is a Russian spy? ... Untrue. Collusion with Russia? Untrue. Ukraine, the perfect phone call? Not true. Not true. Wasn't a perfect phone call. Was not impeachable. The pee tape dossier? None of that was true. Here's why they can't have [Trump] as president of the United States. They can't have him as president of the United States because we are headed towards a completely new, all redesigned, non-capitalist, nonconstitutional Great Reset," Glenn argued. "They cannot have him be president because he is America first."

Glenn warned Americans that our federal government is accumulating massive power, case in point the 87,000 new IRS agents. "Coupled with the [IRS agents] they already have ... that's almost the size of our National Guard. Do you feel comfortable with that? Democrats? You don't think there's a possibility ... that someone ... might come in at some point and weaponize the IRS?"

He also warned that the FBI's raid on Donald Trump’s home has implications that stretch far beyond simple dislike for the former president. So what are they hoping to accomplish?

"What is the endgame? You make him into a martyr by throwing him into jail or killing him ... so you make him stronger. That doesn't make sense, why would they want that?" Glenn asked. "So, what is their endgame? The only one that makes sense to me, is to stop him at any cost, then lunatics will take to the streets, and then [the Democrats] will have evidence that the [right is] more dangerous than anyone could possibly imagine. Please, pray for your country."

Watch the video clip below to hear more from Glenn. Can't watch? Download the podcast here.

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To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.