Glenn Beck: Treat Financial Crisis Like Forest Fire




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President Obama said he's going to fix the mortgage industry today. But everything the government said would fix things hasn't worked so far, because they don't realize bad companies need to fail for capitalism to work.

Here's The One Thing: We need to handle the financial crisis like it's a forest fire.

The government is acting just like those stupid environmentalists who don't understand that forest fires are natural and are actually good for the soil. If you haven't cleared the underbrush before one starts, then you might as well just step back, save what you can and let it go.

Well, we haven't cleared out the underbrush in our financial system since Alan Greenspan started running the Fed and that's put our entire forest into jeopardy.

Here are just a few of the out of control fires our government is trying to fight right now:

First, the banks. The government dedicated $700 billion just in original TARP, which has so far gone to 400 banks in 47 states.

Last week, Treasury Secretary Tim Geithner suggested another $1.5 trillion might be needed and just today, he announced that the government would commit to absorbing future losses at Fannie Mae and Freddie Mac to the tune of another $200 billion.

Next fire, the failing American auto industry. GM and Chrysler have already gotten $17.4 billion worth of bailouts, and this week they said they need another $21 billion to survive. I know it's 5 o'clock and you've had a long day, so let me do the math for you: That's $39 billion just to delay the death of an industry ruled by mismanagement, iron-fisted unions and government regulations.

And the last fire, failing states with bloated budgets. The spending bill that President Obama signed last week throws money at almost every state in the nation in an attempt to bail them out of years of greed, special interest pandering and misplaced priorities.

Where does this all end? We've got our fire hoses hooked directly up to the printing presses at the treasury, but the more money we pump out, the worse the fire rages.

What should we do? The only thing we can do is get people out of the way of the fire, and what's already on fire must be left to burn off in a controlled manner.

Letting the greedy, the corrupt and the downright stupid fail will replenish the soil of capitalism and give us the chance to rebuild the right way.

What do you think? Send your comments to: glennbeck@foxnews.com

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Sen. Ted Cruz: NOBODY should be afraid of Trump's Supreme Court justice pick

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Wednesday to weigh in on President Donald Trump's potential Supreme Court nominees and talk about his timely new book, "One Vote Away: How a Single Supreme Court Seat Can Change History."

Sen. Cruz argued that, while Congressional Democrats are outraged over President Trump's chance at a third court appointment, no one on either side should be afraid of a Supreme Court justice being appointed if it's done according to the founding documents. That's why it's crucial that the GOP fills the vacant seat with a true constitutionalist.

Watch the video below to hear the conversation:

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Sen. Mike Lee (R-Utah) joined Glenn Beck on the radio program Wednesday to talk about why he believes President Donald Trump will nominate Judge Amy Coney Barrett to fill the Supreme Court vacancy created by Justice Ruth Bader Ginsburg's death.

Lee, a member of the Senate Judiciary Committee that will consider and vote on the nominee, also weighed in on another Supreme Court contender: Judge Barbara Lagoa. Lee said he would not be comfortable confirming Lagoa without learning more about her history as it pertains to upholding the U.S. Constitution.

Watch the video below to hear the conversation:

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This week on the Glenn Beck Podcast, Glenn spoke with Vox co-founder Matthew Yglesias about his new book, "One Billion Americans: The Case for Thinking Bigger."

Matthew and Glenn agree that, while conservatives and liberals may disagree on a lot, we're not as far apart as some make it seem. If we truly want America to continue doing great things, we must spend less time fighting amongst ourselves.

Watch a clip from the full interview with Matthew Yglesias below:


Find the full podcast on Glenn's YouTube channel or on Blaze Media's podcast network.

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'A convenient boogeyman for misinformation artists': Why is the New York Times defending George Soros?

Image source: Simon Dawson/Bloomberg via Getty Images

On the "Glenn Beck Radio Program" Tuesday, Glenn discussed the details of a recent New York Times article that claims left-wing billionaire financier George Soros "has become a convenient boogeyman for misinformation artists who have falsely claimed that he funds spontaneous Black Lives Matter protests as well as antifa, the decentralized and largely online, far-left activist network that opposes President Trump."

The Times article followed last week's bizarre Fox News segment in which former House Speaker Newt Gingrich appeared to be censored for criticizing Soros (read more here). The article also labeled Glenn a "conspiracy theorist" for his tweet supporting Gingrich.

Watch the video clip below for details:


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