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Glenn Beck: Obama's tax break...$13?

February 12, 2009
 Radio Clips

The Glenn Beck Program




"Change"

GLENN: We have -- I'm not exactly sure why we have Gilroy Wedgecoff on the phone. Mr. Wedgecoff, are you there?

CALLER: Yes, I am. Thank you for having me on the program.

GLENN: Sure. You are with Aspartame and Associates?

CALLER: Yes, I am. Large investment firm. I'm sure you've probably had dealings with us in the past.

GLENN: No, I've never even heard of you. Mr. Wedgecoff, you are a financial advisor?

CALLER: I am, Glenn. As you know, a lot of people are having problems with their finances and people are thinking about -- you know the current economic climate, I'm getting a lot of calls these days.

GLENN: I bet you are, a lot of people saying what happened to my money, you know, get me out of the stock market.

CALLER: You know, Glenn, with all due respect, I do listen to your program and watch it on the television.

GLENN: Yes.

CALLER: And I've noticed you really are a "Glass is half empty" sort guy, would you say?

GLENN: Well, no, I'm a realist. The stock market has taken a beating and I think there's even more to come, but --

CALLER: No, but I'm talking about people calling me right now. This is the sort of thing I'm getting. I'm getting a lot of people calling of what am I going to do with my money, where do I put it, what's the best place to earn.

GLENN: Whose idea -- hang on just a second. Who's calling? Are you saying the average person now is calling investment advisors and saying where am I going to put their money? Because I think most of the average people are saying, you know, I don't have any money, what happened to my money.

CALLER: Come on.

GLENN: I'm trying to -- where is the humor in that?

CALLER: Well, you really are out of touch with the average person, Glenn, and I understand that. You know, you're in the media, this is your business to make things scary and you want to show the down side of everything.

GLENN: Where's the money, sir?

CALLER: Well, people are going to have $13 extra per week thanks to this stimulus plan. Have you not read the headlines today?

GLENN: I forgot about all that money, yeah, I forgot it.

CALLER: I am being flooded with calls right now, Glenn.

GLENN: Flooded with things?

CALLER: People are saying what do I do with all this money, where do I put it, I have so much now I don't know what to do with it. I feel like perhaps I should put an addition on the house to hold all the money for the family.

GLENN: Now, a lot of people would say $13 a week -- for instance, I didn't get the tax cut because I don't make under $75,000 a year, but for those people who are lucky enough to get that tax cut, let's say I did get it, I spent half of my tax stimulus and my tax break in the cab this morning.

CALLER: Well, I mean, a lot -- again I can't take person -- I haven't looked at your personal financial situation but let me tell you.

GLENN: Sure.

CALLER: I am cautioning people when they call today because they're saying, "I have $13. Should I buy another home. Should I get at least -- there's a lot of questions that people are asking. What I'm telling you, the rest of the year, I'll give you that. This is, you can pretty much do whatever you want the rest of the year, but --

GLENN: Okay, you're breaking up just a little bit, Mr. Whatever your --

CALLER: At the end of the year, though.

GLENN: Yeah.

CALLER: It will go down from $13 to $8. So --

GLENN: So you are saying don't get into like one of those ARMs or those mortgages because you are going to be -- you're not going to have $13 forever?

CALLER: Right, and cut down. Maybe only get one vacation house. You know, Glenn, it's very interesting, and this system overall is really helping investors. For example, let's say you want to invest in GE because you're a big fan of Keith Olbermann, one of your colleagues.

GLENN: Sure.

CALLER: You know, and you're just a huge fan and you're sure he's going to rocket that company to success. So what you -- look back a couple of years.

GLENN: Uh-huh.

CALLER: You would have needed to get, you know, $60 to buy a share of GE, one share.

GLENN: Sure, one share of GE, $60.

CALLER: Now if you factor in the entire -- it would take a month even with this huge tax rebate that Barack Obama gave. If you just now, now you've gone from a month not even being able to afford a share to now you can get a share per week all because of these fabulous financial policies that we're having.

GLENN: Holy cow.

CALLER: How about Citigroup.

GLENN: Yeah, Citigroup.

CALLER: You used to have to work a whole month just for a share, now you can get 13 shares in that same month. Barack Obama, you can replace all the shares that you may have lost very quickly with this tax cut.

GLENN: So now, what you're trying to say is now is the time to buy because you can buy 13 shares of Citigroup just with your tax break, just with your tax break because this is such a good investing atmosphere that we've created.

CALLER: Look, I'm not saying go crazy here. The important part is to (inaudible). Don't put all $13 in one place. You don't want to put --

GLENN: You don't want to buy 13 shares of Citigroup today with that. What would you -- how would you diversify?

CALLER: I would want to, personally I would want to buy a share of Merrill, a share of Lehman, a share of Bank of America. You want to spread this around to all the companies --

GLENN: What do you think about, what would you think if I bought seven shares of Citigroup, I bought Lehman, Merrill.

CALLER: Now when you say Lehman and Merrill, you mean the entire company, right?

GLENN: Yeah, the entire company.

Glenn Beck: Here's how YOU can fix the Great Reset's housing crisis

Photo by H. Armstrong Roberts/Retrofile/Getty Images

How's the housing market looking these days? Because under Build Back Better (aka the Great Reset), investors are grabbing up homes at a record pace.

On "The Glenn Beck Radio Program," Glenn discussed a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price.

"Think of that, one in every five homes that are sold are going to a big investment firm," Glenn said. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records."

"The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents. Rent for single-family homes surged by more than 10% in the 12 months, through September. The fastest annual rent inflation in 16 years."

"And nearly 77% purchased were bought in an all-cash transaction," Glenn added. "That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods. They are the people that come in, and say, 'I'll give you $70,000 over the asking price.' ... Now, why would investment firms think they will just be able to make money paying $70,000 over the asking price? What is it that they know, that you don't know? Could they know, as the Great Reset states, that by 2030, you will own nothing and you'll like it?"

Watch the video clip below to hear Glenn offer his thoughts on how you can solve the Great Reset's housing crisis:


Want more from Glenn Beck?

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.

WATCH: From Russia to Waukesha: The Lying Media's Assault on Truth

On "Glenn TV" Wednesday, Glenn Beck exposes the radical plan to flip the United States from capitalism to socialism and into a lawless nation. It's an old strategy that mirrors a communist Cold War playbook. The goal now, as it was then, is this: How do they get a revolution without all that civil war stuff? It’s a five-step plan, and we're deep into several of the main steps RIGHT NOW.

Our justice system has been infiltrated by woke leftists, and something called "the progressive prosecutor movement" is methodically transforming Main Street USA into Main Street Gotham City. We can see it all over the country in places like San Francisco, with the Waukesha massacre as a terrifying glimpse into more of what's coming. And the media? They're currently running interference in one of the largest misinformation operations in history.

It’s happening at the city, state, AND federal levels. And President Trump might be one of the biggest victims of them all, a fact that even Trump critic Joe Rogan has realized on the Russia collusion hoax: “No one is being held accountable!” That ends now, as Glenn calls on Americans to push back on the lies that keep us divided in a cold civil war.

Watch the full episode below:

Want more from Glenn Beck?

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.

'This WILL bring darkness': Glenn Beck warns 'new global religion' being formed right NOW

A "one-world government" is being formed right now and it’s called the Great Reset, Glenn Beck said on the radio program Monday. And now, rebuild plans for the fire-damaged Notre Dame Cathedral hint at the formation of a global church, too.

In this clip, Glenn detailed plans for the iconic, 850-year-old church’s "woke" renovations that sound more like a 'politically correct Disneyland' complete with a "discovery trail," "emotional spaces," and 14 themed chapels.

"Notre Dame is now being built back better as a 'woke theme park' dedicated to environmentalism and social justice," Glenn explained.

"There will be several different chapels within, [for example] a chapel for social justice, and then chapel for environmental justice," he continued. "Which leads me to this point. The 'one-world government' is being formed, right now. One-world government. It is being formed and it's called The Great Reset."

Glenn went on to predict that one of the first steps in the direction of a one-world government will be a push for a global religion.

"I think we're seeing the first church now being dedicated to the new global religion — and it is social justice, environmental justice, and all this gobbledygook. We all know, it's not just wrong, it is dangerous. That's the first church, the cathedral of Notre Dame, in France, is the first global church. Mark my words. Christian, Jews, Muslims ... this global church will bring darkness unlike you've ever seen."

Watch the video clip from "The Glenn Beck Program" below:

Want more from Glenn Beck?

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.

The Omicron COVID-19 variant: Should we ACTUALLY panic?

Photo by OLI SCARFF/AFP via Getty Images

As the new Omicron variant of the coronavirus approaches, it seems like those in power want everyone to be terrified, Glenn Beck argued on the radio program Monday.

The chair of the World Medical Association's Council, Frank Ulrich Montgomery, is already comparing the variant to Ebola and New York Gov. Kathy Hochul (D) has declared a state of emergency, despite the doctor who announced its discovery describing the new variant's symptoms as "unusual, but mild." So, should we really be worried or not?

In this clip, Glenn and producer Stu Burguiere reviewed what we know about the Omicron variant so far and gave a few reasons why we should wait for more information before succumbing to panic.

Note: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-related questions & concerns.

Want more from Glenn Beck?

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.