Our Values Are on the Brink

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Everyone is talking about trying to save the banks, but the one thing they're missing is that in order to save the banks or the Big Three or any other company, we must first rescue something else from the brink of collapse: our values.

Despite what Ben Bernanke or Timothy Geithner tell you, we do not have a liquidity problem in this country. There is no shortage of cash. But there is a major shortage of the currency more important than the almighty dollar and that's honor, honesty and integrity.

On Monday night, JP Morgan announced a catastrophic cut in their dividend, from 38 cents a share to five. And guess what? Right after the news hit, their stock went up. Why? I think it's because investors reward honesty and integrity.

But it's not always easy to do the right thing. Take Microsoft, for instance.

The software giant was recently forced to lay off about 1,400 people — the first layoffs in company history. Unfortunately, due to an accounting glitch, they overpaid severance to 25 workers by an average of $4,000 to $5,000 and they shorted another two dozen people. Microsoft made good with the people they underpaid and asked the ones they overpaid to pay them back the difference.

So far, so good — common sense, right?

Well, Tuesday we learn that Microsoft has now decided to let those who were overpaid keep the extra money. Why? Because the story was leaked to the media that Microsoft was asking for workers they fired to pay back $4,000 to $5,000.

Some would argue that this makes sense from a business standpoint. Bad PR is pricey and $125,000 is just a tiny fraction of their almost billion dollar advertising budget. It's completely inconsequential to them — unless you happen to care about values.

Regardless of what Microsoft says, those employees should still give the extra money back. It's the right thing to do; it was never theirs in the first place.

And to Microsoft: Shame on you. Shame on you for putting public relations above principles.

No one ever said that living with honor and integrity would be easy. But the true test of character is not only the decisions you make when no one's looking, but it's also the decisions you make because everyone is looking.

Tuesday night, all eyes will be on President Obama and he has a choice to make. He can talk about the stimulus package and all of the great things it will do or he can take a deep breath, look us all right in the eyes, and admit that no financial recovery will ever be possible in this country until we first recover our principles.

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

Watch Glenn Beck weekdays at 5 p.m. ET on FOX News Channel

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 799,995 (up from 735,135 Yesterday)
  • Total Confirmed Deaths Worldwide: 38,735 (up from 34,807 Yesterday)
  • Total Confirmed Recovered Worldwide: 169,995 (up from 155,950 Yesterday)
  • 5% of Active Cases are considered serious (requiring hospitalization) Steady from 5% Yesterday, but down from 19% high back in February
  • Note that 11% of US Confirmed Cases require Hospitalization, roughly on par with Italy at 12% requiring hospitalization
  • US has 164,359 Confirmed Cases and 3,173 Deaths, up from 142,746 cases and 2,489 deaths Yesterday
  • The United States of America now leads the world in total confirmed cases, with 63,000 more cases than Italy (although Italy leads the world in Deaths with 11,591 officially dead)
  • US has 3,173 Dead vs 5,507 Recovered and 3,512 in Critical Condition
  • The US Currently has 155,679 Active Cases of COVID-19, with less than 0.6% of the total US population tested
  • 15% of Americans who have been tested have been diagnosed with COVID-19
The Moment of Trump's Conversion: Dr Anthony Fauci Takes Full Responsibility https://dailycaller.com/2020/03/30/anthony-fauci-moment-donald-trump-realized-extend-social-distancing-mandate/
  • Dr Anthony Fauci, the Chief Medical Advisor to the coronavirus task force, explained on CNN that Trump listened and "got it right away" after being shown new data projecting as many as 3 Million deaths in the US if COVID-19 mitigation policies were lifted.
  • Fauci also said Trump's "first goal is to prevent suffering and death" and this was part of the reason why he knew the COVID-19 guidelines should be extended.
  • "You know, interestingly, we showed him the data, he looked at the data and he got it right away, it was a pretty clear picture," according to Fauci.
  • "Dr. Debbie Birx and I went in together and leaned over his desk and said 'Here is the data, take a look.'
  • Trump reportedly looked at them, understood the implications and he shook his head and said 'I guess we got to do it.'
  • "Medically, this is the right decision, and I stand behind it 100%," Fauci said.
  • "From a public health standpoint, we felt strongly that it would have been the wrong decision to pull back," Fauci said. "I mean, we are scientists, physicians, public health officials. We're not economists. We're sensitive to the idea that the economy could suffer, but weigh that against tens of thousands, hundreds of thousands of American lives."
  • "...it was patently obvious looking at the data that at the end of the day if we try to push back prematurely, not only would we lose lives, but it probably would hurt the economy as well. So you would lose on double accounts. So, to us, there was no question what the right choice was."
Washington DC, Virginia, Maryland Join States Issuing House Arrest Orders https://www.cnbc.com/2020/03/30/coronavirus-violators-of-marylands-stay-at-home-order-face-criminal-charges.html
  • Maryland and Virginia became the latest states on Monday to enact "stay-at-home" mandates amid the coronavirus outbreak, except for essential travel for work.
  • Virginia's order is in effect until June 10, making it one of the longest statewide mandates implemented so far.
  • Maryland's penalties for violating its order are among some of the strictest in the country, including a $1000 fine, and up to 30 days jail time for repeat offenders.
  • In total, more than 210 Million Americans now effectively live under some form of House Arrest or Shelter In Place type orders, with another, 50 Million facing travel or shopping/eating restrictions.
  • Only 6 states have not closed schools.