Glenn Beck: Economists and the Government Are Destroyers of Wealth




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On Monday, the Dow dropped below 7,000 for the first time since 1997 and finished the day down almost 300 points. Here's the one thing no one seems to understand right now: Economists and the government are destroyers of wealth.

How could I say this? Aren't they trying to make things better?

Well, the stock market has already lost about $10.5 trillion since the peak back in 2007 and yet at each 1,000-point Dow drop people have kept listening to so-called "experts" who helped pump up the stock market to 14,000 with their "buy-buy-buy" advice.

Just to give you an idea of just how much that is, you would need to spend a $1 million an hour every hour from back when Jesus was born to hit $10.5 trillion.

What kind of credibility do these economists have left, after they've been wrong at every peak and crash we've seen recently?

Take the housing market.

Back in 2005, Freddie Mac's chief economist said, "I don't foresee any national decline in home price values." And the chief economist at the Society of Industrial & Office Realtors said, "There's no national bubble. You have to have a huge deflationary scenario to make a national bubble make any sense."

But as we know, this optimism did not gel with reality.

Be wary of anyone who says you should just leave your money in the stock market, because they are proving themselves incapable of seeing a real worst-case scenario.

Like the government: Their worst-case scenario is the GDP shrinking 3.3 percent this year and a half a percent gain the next year.

Oh really? That's like saying that the worst-case scenario of me eating five McGriddles a day is that I might gain a pound or two.

No, the worst-case scenario is a fatal heart attack.

Ask your gut: Do you believe this is actually the bottom? My gut tells me we are much closer to the beginning of this cycle and no one truly knows where the bottom is.

Meanwhile, the government is destroying wealth and they'll say it's unintentional. But it's become so dramatic that either it's intentional and criminal or criminal in its negligence.

It's not a problem specifically with President Obama or the Democrats, but also with George Bush and the Republicans. They all fail to realize that each time they step in to try to fix things, the market reacts negatively and lots of money is lost.

Since this new mechanic started tinkering, the stocks have lost almost 20 percent of their value.

Simply put, their solution is the problem.

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

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

Former senior COVID adviser for the Biden administration Andy Slavitt suggested Americans should have "sacrificed a little bit more" to get through the pandemic during an interview with CBS' "This Morning" earlier this week.

Asked by host Tony Dokoupil how much of the pandemic was preventable, Slavitt responded by first blaming the Trump administration, then all Americans in general for not sacrificing enough.

"We obviously had a set of technical mistakes with the testing and the PPE that we know about. But if we're honest, there were also two other mistakes, that caused a lot of loss of life. One was just plainly political leadership mistakes. We denied the virus for too long under the Trump White House. There was too much squashing under divisions," Slavitt said.

"But I also think we all need to look at one another and ask ourselves, 'What do we need to do better next time?' And in many respects, being able to sacrifice a little bit for one another to get through this and to save more lives is going to be essential. And it's something that I think we could all have done a little bit better on," he continued.

On the radio program, Glenn Beck had more than a few fiery words for Slavitt, who is apparently unaware of the terrible toll this pandemic has had on the mental, physical, and emotional health of millions of Americans.

"We could have sacrificed a little bit more?" he asked. "So, the sacrifice of [nearly] 40% of all businesses now being closed, I mean permanently out of business ... was that sacrifice good enough? Or the fact that teen suicide now is up by 31%? A few more of us should have sacrificed our children, you know, throw them up on the altar of Anthony Fauci? I think we could have done it, right?"

"Go to hell," Glenn added. "Who do you think you are, telling us that we should sacrifice more?"

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President Joe Biden and world leaders are spending the week discussing the biggest issues across the globe. But Mike Pompeo, former Secretary of State during the Trump administration, believes more needs to be done.

Pompeo joined the "Glenn Beck Radio Program" Tuesday to talk about President Biden's upcoming meeting with Russian president Vladimir Putin, and to explain why he believes it's not just "appropriate," but necessary to hold Putin accountable for the recent cyberattacks on the Colonial Pipeline and the JBS meat processing company.

Pompeo said it's likely that "at the very least" Putin turned a blind eye to the major attacks against U.S. infrastructure. He stressed that the Biden administration should not abandon private businesses in the face of these ransomware hacks, but rather do everything possible to make sure those businesses' assets are secure from future invasions.

"This is an attack on America," Pompeo said. "It came through an attack on a commercial enterprise, but the capacity for pipelines to move product around on our east coast is an American national security interest.... We have to help these businesses protect their systems, and then there has to be a national effort to impose costs on those who put American lives at risk by denying available product around our country.

"Putin, at the very least, is turning a blind eye to [the cyberattacks], probably more. So, it's appropriate to hold Vladimir Putin and the Russians accountable for the actions taking place inside of their country," he added. "We have to do it, and there are tools by which we can."

Watch the video below to catch more of the conversation:

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On "The Glenn Beck Radio Program," Glenn read from the Bible's II Timothy 3, in which Paul warns of "perilous times" to come and describes a generation that will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, and the list goes on. Sound familiar?

But Glenn said the times we're facing — which will likely become more and more difficult — are not any graver than what our Founders faced. We can overcome, and while it won't be easy, it will be worth it.

"Just like George Washington and the badge of merit, we will not be able to conquer this evil unless we are on God's side. If we don't have Divine Providence, we will not be able to survive. The things that are arrayed in front of us, are no greater no less than what our Founders had arrayed against them," Glenn stated.

"So, what will we do? You must make those decisions, as a family, right now. What is the line for you that you and your family will not cross? Because if you don't know it now, you will cross it," he warned. "You have to speak out, be that voice. You have to be strong enough to lead."

Glenn went on to thank and praise his audience, saying, "This is the kindest, most generous audience I have ever encountered."

"You will stand. This audience could be the extra 5% that is needed to change things, for the better," he added. "We have great and glorious times, when I believe we will see the hand of God. We will see miracles. Expect them. And live in such a way where you can call them down."

Watch the clip to get Glenn's take on what's coming next and how to prepare yourself and your family.

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How many times must the corporate media get something completely wrong — and attack anyone who dares to disagree — before we realize who they have become?

On the radio program Friday, Glenn Beck shared an article from the Daily Caller titled, "Eight Anti-Trump Narratives the Media Finally Had to Admit Were False All Along." From the Lafayette Square controversy to the denial that COVID-19 could have anything to do with a lab in China to the "Russian bounties" story, the list of mainstream media conspiracy theories goes on and on. If it were anyone but the liberal media who got the facts this embarrassingly wrong, they would have been out of a job long ago.

Watch the video clip below to hear eight of the most anti-Trump the narratives shamelessly pushed by the media — that were completely wrong.


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