Glenn Beck: Obama says fundamentals of economy are strong




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PRESIDENT OBAMA: But like those ads for prescription drugs, you've got to learn to read the fine print to learn the rest of the story to find out the side effects. You see, Senator McCain would pay for his plan in part by taxing your healthcare benefits for the first time in history. I want everybody to be clear about this. This tax would come out of your paycheck. So if you make $40,000 a year and you've got a healthcare plan that cost your employer $10,000, now instead of being taxed on $40,000, you are going to be taxed on $50,000. Your taxes go up under his plan.

GLENN: Okay. So that's what he's saying. And so you know, John McCain's comeback to that was, no, I'm giving tax credits to pay for it so it levels the playing field. My point on that was why would you take it here and then give it back over there? It's already too complex.

Let's just take the Tim Geithner thing. Tim Geithner, let's say he paid his taxes. He didn't. He knew -- he was signing papers every quarter. He knew exactly what he was doing. Tim Geithner intentionally cheated on his taxes. I believe that with everything in me. The guy is a gambler. He is a dangerous man. But there were others that probably intended on paying their taxes. They are saying guy after guy after guy goes up now to work for Tim Geithner and they are saying the reason why none of these guys are working, why I don't believe, they are saying the reason why none of them have to get passed, all of them have to withdraw is because none of them have paid their income tax, none of them have paid right. Well, okay, that says one of two things. One, that everybody in America is a crook, or two, the tax code is too complex. It's 80,000 pages. The tax code is a weapon. They want it to be that complex because that way they can use it against you. It's 80 thousands pages. Either everybody in America is a crook or it's too complex. One way or another we should find out which it is and we should solve that problem.

Barack Obama's plan now looks like it will do exactly what John McCain just suggested! Barack Obama's running out of people to be. I mean, he's been every president. Now we're going on to presidential candidates. Now he's becoming John McCain. That's not the only thing. And by the way, help me out. Anybody who runs a small business or anybody who, you know, gets healthcare, help me out how that helps healthcare or how that helps your job, how that helps your personal bank account or how that helps business. Somebody explain that. I can quickly explain how that's going to help nationalized healthcare because if you get it from the government, it won't be taxable. So I understand how that helps Obama and socialism but I for the life of me can't figure out how taxing people's healthcare benefits helps on any of the things that they say they want to do. I can't think, not one way. Help me out on that.

Now here's the other thing. Remember when John McCain came out and talked about the economy and how the media just ripped him apart? Listen carefully what John McCain said.

SENATOR McCAIN: Know that there's been tremendous turmoil in our financial markets and Wall Street and it's -- people are frightened by these events. Our economy I think still, the fundamentals of our economy are strong but these are very, very difficult times.

GLENN: Okay. Why did John McCain say that the fundamentals of the economy were sound? Do you remember that? He was hammered as somebody completely out of touch. Now, this was back in September. That John McCain said the fundamentals of the economy are sound. This is when Wall Street was about 10,000 points? Do you know? Just look it up. This is when most of America still didn't see what was coming their way. And the fundamentals. Now, he came back and said that the fundamentals were sound because of the American worker, because of the entrepreneur. He's right. He's right. If you do not handcuff the American worker, if you don't handcuff the small businessman, if you don't handcuff the entrepreneur, the dreamer, the person that creates, the fundamentals are sound. We are still America. We're going to get ourselves out of anything. But once you handcuff those people, once you punish those people, well, then the fundamentals are not good.

What did you say, Stu?

STU: Back in September it was about 11,000.

GLENN: 11,000 is when he said that. That was the stock market is 11,000. It's now at 76 -- sorry, 7200. And mark my words, this is a bear rally. This is a sucker's rally. This is a destroyer of wealth. That's all this is. The fundamentals of the economy are not sound now because of government. It started with George W. Bush; it's continuing and accelerating under Barack Obama. No one knows what the government is going to do next. No one knows how they are going to punish or who they are going to punish and so the fundamentals are bad because people who do have money or have access to money are sitting on it because they don't want to invest because they don't know what's coming! So the fundamentals are not good.

But here's Barack Obama. Remember, John McCain, he's an idiot because the fundamentals are sound because of entrepreneurs and small businessmen and the American worker. Here's Barack Obama.

PRESIDENT OBAMA: We are keeping focus on all the fundamentally sound aspects of our economy.

GLENN: The economy's fundamentally sound. Do you have any more clips, Dan? Do you have the person over on, what was it, Meet the Press this weekend? You can get the text for me? Because they asked, "Isn't this the same thing that John McCain said?"

STU: I love this. This is fantastic. This is one of his chief economy, you know, heads in the administration. Romer said that

When the president says he's focusing on fundamentals, what he means is, is we're focusing on, on fixing the fundamentals; that we've always said we're not looking at the ups and downs of the stock market, we're looking for those crucial indicators: When are jobs turning around, when are sales turning around, when do we see consumers coming to life? That's the kind of thing that--certainly that I'm looking at. But isn't that the same thing McCain asked in 2008? Romer said where we are in 2008 is obviously not good. We have a plan in place. I think the fundamentally crucial difference is to make sure you have put in place all the comprehensive programs that will get us back to the fundamentals. The president said in terms of fundamentals we need to make changes. That's why he is focusing on energy, education, getting the budget under control.

GLENN: The budget -- first let me ask you something. Getting education under control, that is a 20-year process. The government has only screwed education up every step of the way. That's a 20-year process. So how is that going to fix the economy by making sure that that little girl's school doesn't shake every time the train goes by? How is that going to fix the economy? We get the basic programs in place. You tell me what program the government has ever created that created wealth. Show me the government program that creates wealth. It doesn't. It doesn't. It destroys wealth. They are not betting on the American worker. They are not betting -- unless it's a union. They are not betting on the entrepreneur. They are not betting on you. They are betting on them and it is a fundamental, it is a fundamental misunderstanding of what America is.

STU: This is absolutely amazing. McCain -- this is what Romer said. The fundamentals are sound in the sense that the American workers are sound, we have good capital stock, we have good technology. That's the Obama advisor. Here's McCain on why he said the fundamentals are strong. The American worker and their innovation, the entrepreneurship, the small business, those are the fundamentals of America and I think they are strong. Those are identical. The only difference is technology instead of innovation. I don't think there's that much difference there.

GLENN: Stock market, didn't he say stock market, the first guy?

STU: No, he said the fundamentals of the economy -- this is his explanation. The fundamentals, the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America and I think they’re strong.

GLENN: And that's McCain? Give me the other guy

STU: This is Romer. Of course fundamentals are sound, Romer said on Meet the Press. In the sense that the American workers are sound, we have good capital stock, we have good technology. We know that temporarily we're in a mess, right? We have seen a huge job loss, we've seen large falls in GDP, certainly in the short run we're in a bad situation. And then McCain: As you know there's been tremendous turmoil in our financial markets in Wall Street.

GLENN: We are trying to give you -- we have the art department tonight working on something. I don't know if we're going to be able to get to it tonight for the 5:00 show. We are trying to show you what a trillion dollars actually looks like if we stacked it up. It's amazing. Absolutely amazing. But we're going to tie it to a new study that is showing that we are going into debt, into such unbelievable debt that by the 2050s, 2060s, we are going to be in the quadrillions, quadrillions. That's a trillion trillion, right, Stu? A thousand trillion? I don't even know, 1,000 trillion. I'm going to show you 1 trillion tonight -- maybe tomorrow. As soon as we get the art department -- it's really, it's -- and we want to make sure it is accurate. So here you have a trillion. 1,000 trillions is a quadrillion and they say that's what we're headed for. You tell me. You tell me how our children pay for that. You tell me the fundamentals of our economy are sound. They're not sound. They are out of their mind. And it's not just the Democrats. It's both of them. Remember, 40% of the earmarks were Republicans. Let's base ourself back onto principles, please. Let's celebrate and learn the Constitution. Let's learn the words of the founders.

TRUMP: The twilight hour of socialism has arrived

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The other day, at Florida International University in Miami, facing large American and Venezuelan flags, President Trump gave a rousing speech in Miami, including this line, the "twilight hour of socialism has arrived."

Trump went on to say:

Socialism is about one thing only—power for the ruling class. They want the power to decide who wins and who loses, who's up and who's down…and even who lives and who dies.

He then repeated a phrase that helped define his State of the Union address this year:

America will never be a socialist country.

Fittingly, Fox News posted an article yesterday exposing the overlooked evils of Che dangers of socialism that all too often disappear behind a flashy design on a t-shirt.

  1. Guevara said he killed people without regard to guilt or innocence. In an interview, Guevara said, "in times of excessive tension we cannot proceed weakly. At the Sierra Maestra, we executed many people by firing squad without knowing if they were fully guilty. At times, the Revolution cannot stop to conduct much investigation; it has the obligation to triumph."
  2. Humberto Fontova, author of "Exposing the Real Che Guevara," told Fox that Guevara created system that put gay people in labor camps. "The regime that Che Guevara co-founded is the only one in modern history in the Western Hemisphere to have herded gays into forced labor camps."
  3. Guevara opposed a free press: "In 1959, leftist journalist José Pardo Llada reported that Guevara told him: 'We must eliminate all newspapers; we cannot make a revolution with free press. Newspapers are instruments of the oligarchy.'"
  4. Guevara made racist statements: Guevara went on to write: "the black is indolent and a dreamer; spending his meager wage on frivolity or drink; the European has a tradition of work and saving."

These are just some of the many historical examples of the failure of socialism. President Trump is right. If the frivolities of Alexandria Ocasio-Cortez and Bernie Saunders catch on and spread, we could have an unbelievable problem on our hands.

Poor Jussie: His narrative is falling apart completely

Tasia Wells/Getty Images for Espolòn

Here's how the media works now: Find a story that confirms their narrative, run it constantly and relentlessly. When the real story comes out, minimize exposure of the correction. Repeat.

We're seeing this pattern play out over and over again.

RELATED: John Ziegler isn't buying what Jussie Smollett's selling either

Here are some of the knee-jerk reactions that the media had to this Jessie Smollett hoax, from Insider Edition, CNN, E! News, Headline News, CNBC, TMZ, to name a few:


Montage: Watch the Media Uncritically Accept Another Outlandish 'Hate Crime' youtu.be


And those are just the reactions on TV. It was just as bad, at times worse, in print and online. I'll give you one special example, however. Because, you know the situation is bad when TMZ is connecting the dots and seeing through this guy's story:

The sources say there were red flags from the get go. Cops were extremely suspicious when Jussie took them out to the area where he said he was attacked and pointed to an obscure camera saying how happy he was that the attack was on video. Turns out the camera was pointing in the wrong direction. Cops thought it was weird he knew the location of that camera. And there's this. We're told investigators didn't believe the 2 alleged attackers screamed 'This is MAGA country' because 'Not a single Trump supporter watches 'Empire.''

Here's the man himself, in an interview just days after the alleged beating…I'm sorry, the alleged "modern day lynching." Here he is in an interview with ABC News, complaining about people making up stuff:



Strong words, spoken by a man who, allegedly, created the whole narrative to begin with.

This compromise is an abomination

Zach Gibson/Getty Images

Three decades ago, "The Art of the Deal" made Donald Trump a household name. A lot has happened since then. But you can trace many of Trump's actions back to that book.

Art of the Deal:

In the end, you're measured not by how much you undertake but by what you finally accomplish.

People laughed when he announced that he was running for President. And I mean that literally. Remember the 2011 White House Correspondents' Dinner when Obama roasted Trump, viciously, mocking the very idea that Trump could ever be President. Now, he's President.

You can't con people, at least not for long. You can create excitement, you can do wonderful promotion and get all kinds of press, and you can throw in a little hyperbole. But if you don't deliver the goods, people will eventually catch on.

This empire-building is a mark of Trump.

RELATED: 'Arrogant fool' Jim Acosta exposed MSM's dishonest border agenda — again.

The most recent example is the border wall. Yesterday, congress reached a compromise on funding for the border wall. Weeks of tense back-and-forth built up to that moment. At times, it seemed like neither side would budge. Trump stuck to his guns, the government shut down, Trump refused to budge, then, miraculously, the lights came back on again. The result was a compromise. Or at least that's how it appeared.

But really, Trump got what he wanted -- exactly what he wanted. He used the techniques he wrote about in The Art of the Deal:

My style of deal-making is quite simple and straightforward. I aim very high, and then I just keep pushing and pushing and pushing to get what I'm after.

From the start, he demanded $5.7 billion for construction of a border wall. It was a months' long tug-of-war that eventually resulted in yesterday's legislation, which would dedicate $1.4 billion. It would appear that that was what he was after all along. Moments before the vote, he did some last-minute pushing. A national emergency declaration, and suddenly the number is $8 billion.

Art of the Deal:

People think I'm a gambler. I've never gambled in my life. To me, a gambler is someone who plays slot machines. I prefer to own slot machines. It's a very good business being the house.

In a rare show of bipartisanship, Senate passed the legislation 83-16, and the House followed with 300-128. Today, Trump will sign the bill.

It's not even fair to call that a deal, really. A deal is what happens when you go to a car dealership, fully ready to buy a car, and the salesman says the right things. What Trump did is more like a car dealer selling an entire row of cars to someone who doesn't even have a licence. When Trump started, Democrats wouldn't even consider a wall, let alone pay for it.

Art of the Deal:

The final key to the way I promote is bravado. I play to people's fantasies. People may not always think big themselves, but they can still get very excited by those who do. That's why a little hyperbole never hurts. People want to believe that something is the biggest and the greatest and the most spectacular. I call it truthful hyperbole. It's an innocent form of exaggeration—and a very effective form of promotion.

He started the wall on a chant, "Build the wall!" until he got what he wanted. He maneuvered like Don Draper, selling people something that they didn't even know they wanted, and convincing them that it is exactly what they've always needed.