Glenn Beck: Obama says fundamentals of economy are strong




Glenn Beck is seen here on the Insider Webcam, an exclusive feature available only to Glenn Beck Insiders. Learn more...

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 the radio program this week, Glenn Beck and Pat Gray discussed a series of recent polls that suggest presidential nominee Joe Biden's expected lead may be slipping with traditionally Democratic voters.

A new poll conducted by the Jewish Electorate Institute shows that two-thirds of Jewish voters still plan to vote for the Biden-Harris ticket in November. However, President Donald Trump's support within the Jewish community is also the highest among any Republican candidate in recent history.

In more bad news for Biden, a CNN poll (yes, CNN) released last month showed growing support for President Trump among black voters in swing states. Meanwhile, his support among Latino voters remains at roughly 33%.

"I don't think it's going to go the way the Democrats hope that it will," Glenn said of the election. "If you look at the groups that the Democrats have carefully fostered ... that's falling apart. If Donald Trump can grow that by 5%, and hurt the Democrats by 5% ... that alone could swing the election."

Watch the video below to catch more of the conversation:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

We're being set up for a civil war. The Left is grooming us for an Eastern European-style revolution this election, and they're not even trying to hide it any more. The playbook for Mainstreet USA is the exact same that has been used in places like Ukraine, initiated by the same people in order to completely upend the American system.

On his Wednesday night special this week, Glenn Beck takes us through a tale of three chalkboards that will connect the dots: the Obama admin in Ukraine, the State Department's relationship with George Soros, Black Lives Matter and Antifa riots, the Great Reset, public school indoctrination, mail-in voting. It all points to something dangerous happening in November if we don't act now.

Watch the full video below:


The only way to watch the extended episode of tonight's show is on BlazeTV. Start your free trial and get $20 off a one-year subscription with code BANTHIS.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream


The left has already determined that the wildfires raging across the West Coast were definitely caused by climate change and Big Tech is determined to silence anyone who dares suggest otherwise. Facebook even announced a sweeping policy on Saturday to remove posts that claim the fires were caused by arson from far-left activists.

But on his radio program Wednesday, Glenn Beck revealed multiple arrest records for suspected arsonists in California, Oregon, and Washington — and several of those charged and arrested were also instigators in Black Lives Matter rallies, violent protests, and Antifa riots. He also called out the "news gods" in Big Tech, daring them to try to censor his video.

"I asked my staff, to see if there was any evidence [of arson] on the fires. And I don't mean evidence from Twitter. I mean evidence. Is there anybody who has been arrested for arson?" Glenn said. "Well, here they are. And YouTube and Facebook, go ahead. I want you to demonetize this clip. I want you to somehow or another say that we're lying. I want you to throttle this. Go ahead. Because then you're going to have to explain what we got wrong. And I happen to have all the documents right here. So my attorney is really ready for that throttling or demonetization. You say you're a protector of the truth? Great, here it is."

Glenn read off the first 10 arrest records, which combined allege the destruction of more than 120,000 acres and 700 structures, as well as tens of thousands of people evacuated from their homes.

"You want to tell us, PolitiFact, how you came to the conclusion ... that there was no arson in these fires?" Glenn asked. "Can you tell me how you came to that conclusion? Because your fact-check seems to be entirely false."

Watch the video below for more details:


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Former White House press secretary Sarah Huckabee Sanders joined Glenn Beck on this week's podcast to share her unique perspective as a trusted adviser and confidante to President Donald Trump for two and a half years, which she also details in her new book, "Speaking for Myself: Faith, Freedom, and the Fight of Our Lives Inside the Trump White House."

Sarah described the unprecedented levels of corruption she saw firsthand during the Russia probe and shocking lengths to which Democratic leaders and the mainstream media would go to "take the president down."

Sarah said she often saw sides of Donald Trump that the media never covered. Recently, she went on the record denying the Atlantic's claims that the president mocked our military during a 2018 trip to France. She was on that trip, she told Glenn, and her account of what really happened paints a very different picture.

"The people who are making this outrageous charge are such cowards for doing so in an anonymous way. If you really believed this, and believed it was wrong, one, why did it take you so long? And, two, put your name on it the way the rest of us have," Sarah said.

"He didn't say those things. Not only was I there that day, Glenn, I spent two and a half years traveling all over the world with the president, watching him interact with men and women of our armed forces almost every single day during that two-and-a-half year period," she added.

"This is a person who loves America and loves the people who allow the rest of us to live in America, free, and have prosperity. And I got to see that a lot. I think it is shameful that people are trying to distort who he is and what he has done, particularly when it comes to the men and women in the military."

Watch a clip from the full interview with Sarah Huckabee Sanders below:

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


Want to listen to more Glenn Beck podcasts?

Subscribe to Glenn Beck's channel on YouTube for FREE access to more of his masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, or subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.