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.

On Thursday's radio program, Grace Smith and her father, Andy, joined Glenn Beck on the phone and provided a first-hand account of Grace's refusal to wear a mask at school.

Smith, 16, began a maskless protest after her school district in Laramie, Wyoming, decided to implement a mask mandate. As a result, Grace received three suspensions, was issued two $500-citations, and was eventually arrested.

"How long were you in jail?" Glenn asked.

Grace said was taken to jail but was never booked nor was she was placed in a jail cell.

Glenn commended Grace's father, Andy, for raising such a "great citizen" and asked if it was Grace's idea to protest. Andy said it was Grace's idea, explaining that they took the position of arguing on the grounds of civil rights rather than the efficacy of wearing a mask.

Grace has since withdrawn from public school and started a home school program. She also told Glenn that she will continue to fight the school district, legally.

You can donate to Grace's legal fund here.

To hear more from this conversation click here.

Disclaimer: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-19 and/or COVID vaccine related questions & concerns.

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It seems the Left wants a civil war and some on the Right want a national divorce. The country is split right now unlike anything Glenn Beck has ever witnessed. There are two sides: Those who want to fundamentally change this country and those who believe in KEEPING the experiment of liberty that the Founding Founders intended.

The ideological gap seems impossible to cross, but Glenn explains why he won't secede. David Reaboi, Claremont Institute senior fellow and author of "National Divorce Is Expensive, but It's Worth Every Penny," tells Glenn why a national breakup is not an impossibility just because it will be difficult.

What can we do to fight back … peacefully? How can the states that still believe in the Constitution create pockets of freedom in the shadow of tyranny? On his Wednesday night special this week, Glenn answers that and provides a road map to preserving what the Left is trying to destroy.

Finally, James Simpson, author of "Who Was Karl Marx? The Men, the Motives and the Menace Behind Today's Rampaging American Left," provides solutions on the issues the "red states" must unite around before Left and Right America officially call it quits.

Watch the full episode of "Glenn TV" below:

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An Afghan interpreter who helped save then-Sen. Joe Biden's life in 2008 was among those stranded in Afghanistan after Biden's troop withdrawal. He has now escaped the country with his family, but not with President Biden's help.

Thanks to private organizations, including The Nazarene Fund, the interpreter and his family have now been rescued.

Watch the video clip below to hear Glenn Beck share the details:

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A shocking new report by The Daily Wire reveals that the furious father whose arrest at a school board meeting likely sparked the call for the FBI to investigate anti-CRT parents like domestic terrorists was furious for good reasons: The Loudoun County School Board allegedly tried to cover up his daughter's rape.

Rep. Chris Stewart (R-Utah) joined Glenn Beck on the radio program Tuesday to discuss the incident and explain why he joined 60 lawmakers in a letter to Attorney General Merrick Garland demanding answers for why the FBI is targeting parents.

"We want to know ... what kind of coordination took place between the White House, activist groups and teachers unions, and the Department of Justice," Stewart told Glenn. "Because we have evidence that there was [coordination] and, in fact, that the White House are the ones who initiated this. They asked for these activist groups to write this inflammatory letter to the Department of Justice saying they were 'intimidated' and that they 'felt threatened', giving the Department of Justice Attorney General Garland, the excuse to say, 'Okay, well, we have to respond'."

Stewart went on to say he believes the federal government would only involve the FBI in such an issue if its purpose is to silence and intimidate parents concerned about the "poison" being taught to their kids in school. So, what can he and the other representatives who disagree with the Biden administration's overreach of power do to stop it?

Watch the video clip below to hear Stewart explain:

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