Glenn Beck: Bankruptcy Is Good



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Word from the White House that Chrysler is headed toward bankruptcy; Thursday was the deadline for the car company to provide a restructuring plan. Creditors reportedly turned down an unbelievably generous offer in which they would get the privilege of forgiving almost $7 billion of debt.

So here's the one thing that no one else will say about this story today: We have been in denial. Bankruptcy is good! In fact, the word "bankruptcy" has been absent from our vocabulary for way too long.

When the economy began to fall apart, most of us knew in our guts that the best way to stop a ship from sinking is to get rid of the deadweight. Let struggling companies declare bankruptcy, reset and start over. The system works.

But the "smart people," including George W. Bush, said no, no, no we can't let companies go bankrupt! Do you know how many jobs that would cost us? This is an emergency, we need to save them!

How's that working out for us now?

Chrysler still declared bankruptcy. Fannie and Freddie are hemorrhaging money. At least six more major banks need government cash and others that want to give the cash back are finding that the government won't take it.

Oh, and all of those jobs we were scared about losing? They're gone anyway.

We need to stop trying to make this hurt less and instead take our lumps. Remember the expression "no pain, no gain?"

But as I read a story in The New York Times Thursday, it became obvious that's not happening. The headline read: "Economy slides at fastest rate since the 1950s." Scary, except that it continued: "Silver lining detected."

And the silver lining? Consumer spending is up.

That is not a silver lining.

What if the headline read "Little Johnny is sick. But the good news is, he also has a fever."

Not good.

For years we denied that our economy is based on, as the president said Wednesday night, "a pile of sand." We closed our eyes, covered our ears and said "charge it!" Yet even after our house of cards has fallen, we still aren't facing facts. We still cheer on consumer spending as if it's our savior.

It's sand!

We look for silver linings in the job market and hear that 8.5 percent unemployment isn't too bad. Fine, but what about the cities? Washington, D.C.'s unemployment 9.5 percent; Oakland, California: 10.5 percent; Los Angeles County: 11.3 percent and Detroit: 14.9 percent.

We are looking for silver linings in housing, but the numbers are dismal. Phoenix now has the distinction of being the first city where home prices have fallen 50 percent from their peak.

The point is that this is not the time to look for silver linings, it's a time to use some common sense and stop living in denial. Common sense is the reason we are not sending troops to close the border to keep out the swine — sorry — H1N1 virus. What's the point? It's already here, that would be a waste of resources. Man is not going to conquer this virus, we can only try to manage it and hunker down while it burns itself out. The same common sense should be applied to the economy.

The economy has a virus and it needs to run its course. Our weakest companies are infected; some are in critical condition and will die no matter what kind of government antibiotic we try to keep them alive. But instead of letting them fail we're trying all sorts of experimental techniques. And they're all failing. Now we're all in danger.

I have hope — I really do. But this is deeper than most people think it is. Now is not the time to keep listening to the so-called experts who missed this the first time around. It's time to start listening to your gut.

Bailouts and spending can't save us, but common sense can.

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During his campaign, President Joe Biden survived scandal after scandal involving his son Hunter — the Ukraine/Burisma scandal, the laptop scandal, the one involving a stripper from Arkansas and a long-lost child. And yet, after it all appeared to have been swept under the rug, Hunter has now released a memoir — "Beautiful Things."

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere discussed Hunter's "horrible" response when asked on "CBS This Morning" if the laptop seized by the FBI in 2019 belonged to him and reviewed a few segments from his new book, which they agreed raises the question: Is Hunter trying to sabotage his father's career?

Watch the video below for more:


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Countless corporations — from Delta Air Lines, Coca-Cola, and Porsche to UPS and LinkedIn — are calling out the Georgia voting laws, calling them "restrictive," "racist," and "discriminative." Meanwhile, words like "stakeholder" and "equitable" are starting to show up in their arguments.

On the radio program, Glenn Beck gave the "decoder ring" for what's really going on here, because our society is being completely redesigned in front of our eyes.

There's a reason why all these big businesses are speaking out now, and it has very little to do with genuine ideology, Glenn explained. It's all about ESG scores and forcing "compliance" through the monetization of social justice.

Glenn went on to detail exactly what ESG scores are, how they're calculated, and why these social credit scores explain the latest moves from "woke" companies.

Watch the video below to hear Glenn break it down:

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Dallas Jenkins is a storyteller — and he's telling the most important story of all time in a way that many believed was impossible.

Jenkins is the creator of "The Chosen," a free, crowdfunded series about the life of Jesus that rivals Hollywood productions. And Season 2 could not have arrived at a better time — on Easter weekend 2021. Church attendance has dropped, people are hungry for something bigger than all of us, and many are choosing social justice activism, political parties, or even the climate change movement as "religions" over God.

This Easter weekend, Jenkins joined Glenn on the "Glenn Beck Podcast" to discuss the aspects of Jesus that often get overlooked and break through the misconceptions about who Jesus really is to paint a clear picture of why America needs Emmanuel, "God with us," now more than ever.

Watch the full podcast below:

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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.

Award-winning investigative journalist Lara Logan joined Glenn Beck on the radio program this week to argue the Biden administration's border crisis is "enabling" drug cartels, allowing them to exploit migrants, use border wall construction roads, and cross the border much more easily.

Lara, who has witnessed and experienced firsthand some of the worst violence around the world as a war correspondent for CBS News, told Glenn it's "not an overstatement" to call the cartels in Mexico "the most violent and powerful criminal organizations on the face of the earth." And while they're "at war with us, we've been asleep at the wheel."

But Lara also offers solutions that the U.S. can enact to stop these horrific atrocities.

"There's more than 30,000 Mexican civilians who are massacred every year in Mexico by the cartels. And that's just the bodies that the Mexican government owns up to or knows about, right?" Lara said. "There's Mexicans buried in unmarked mass graves all across the country. I mean, everyone knows that the violence of the cartels is not like anything anyone has ever seen before. It even pales in comparison to, at times, to what terrorist groups like ISIS have done."

Lara went on to explain some of the unspeakable acts of violence and murder that occur at the hands of the Mexican cartels — 98% of which go uninvestigated.

"That's not unprosecuted, Glenn. That's uninvestigated," Lara emphasized. "[Cartels] operate with impunity. So the law enforcement guy, the policemen, the marine, the National Guardsmen, who are trying to do the right thing, who are not in the pocket of the cartels — what chance do those guys have? They've got no chance. You know where they end up? In one of those unmarked graves."

Watch the video below to catch more of the conversation:

(Content Warning: Disturbing content)



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.