The February 16 issue of Newsweek, We Are All Socialists Now
VOICE: The Glenn Beck Program presents more truth behind America's march to socialism.
GLENN: Stu, I don't even know -- I mean, we should rest for a while. Newsweek magazine is claiming that we're all socialists now.
STU: We all love it all of a sudden.
GLENN: I mean, we should -- I mean, can we stop the boots, should we stop the boots?
STU: No. I mean, I guess we are -- you are saying we've already reached our destination of socialism. So why are we still marching?
GLENN: Of socialism, yes, we're still marching.
STU: The situation, socialists, there's a lot of busy work. You know, you are digging holes and then filling them back up all the time. So this is essentially what we're doing. We're just marching for no reason.
GLENN: Do you remember when $700 billion was a lot of money? Do you remember, it seems just like October where we all freaked out over $700 billion? Then do you remember when $700 billion was approved to spend on TARP? Do you remember when it was immediately approved -- it's not Andy Rooney. You know what it is? It's like those Country Time -- let's have a Country Time lemonade commercial.
STU: We were just talking about that.
GLENN: Can you do that?
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GLENN: Do you remember when $700 billion was a lot of money? It was approved and then do you remember when we spent it on something entirely different? Do you remember how angry that made you? Well, apparently the makers of Country Time lemonade and Barack Obama remember that time, too. Barack Obama wants another $820 billion of your money. What to do, what to do. Tim "TurboTax" Geithner was scheduled today to announce how he planned to spend the other half of that original $700 billion. Remember how pissed you are about that?
He was going to announce how he's going to spend the other half because he's not locked into spending it the way that it was previously announced or the way we wound up spending it. There could be a third way entirely which, by the way, included overspending it by $78 billion. He could find a whole new way to spend your money. Do you remember when just a couple of minutes, just a couple of minutes ago you weren't so pissed off? Perhaps that's why today the announcement of Geithner's plan has been delayed for a day. Why remind you of the disaster of TARP when you still have time to call your senator's office and tell them not to vote for the stimulus package. Hello, Maine. Hello, Maine, I'm talking to you. Hello, Pennsylvania, I'm talking directly to you. Jeez. You probably think that people like me would be a little conspiratorial. "Surely there's another reason he's delaying this." I mean, I'm sure "TurboTax" Tim has a stomach virus or his kid has a soccer game or something that, you know, a regular guy like you that used to work for the IMF and then didn't pay his taxes even though he's a financial genius, somebody just like you is doing. Not so much according to Larry Summers, the head of the national economic council. He said on this week with George Stephanopoulos that the White House wants to keep the focus on the roughly $800 billion fiscal stimulus package making its way through congress. Quote: I think there's a desire to keep the focus on the recovery program which is so very, very important. Wait a minute. More important than the first thing we did to stop the collapse? Yeah, because this one is going to stop the collapse. Don't you see -- do you remember when the world made sense? Don't worry about it. Everything's going to be fine. They want you to focus on the $800 billion before we get to that $350 billion, which they'll do before we get to the $4 trillion that some are now saying are going to be required for us to stop the hemorrhaging at the banks. Yeah.
By the way, how much have you put on the line already? Remember, from George Washington until, what was it, August or September, we had racked up a debt of $10 trillion. Remember last year they just raised the debt ceiling to 10? "Well, that's crazy, we'll never..." and all the Democrats are like, "We have got to stop this outrageous spending!" Right. $10 trillion in August. How much have we spent so far? Since October, $9.7 trillion. But don't worry. Like I said earlier, that's only enough money to pay off 90% of all the mortgages in America.
VOICE: That was even more overwhelming evidence that we are destined to be a bunch of socialist pigs very, very soon on the Glenn Beck program.