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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On the radio program Thursday, Glenn Beck sat down with chief researcher Jason Buttrill to go over two bombshell developments that have recently come to light regarding former Vice President Joe Biden's role in the 2016 dismissal of Ukrainian Prosecutor General Viktor Shokin.

"Wow! Two huge stories dropped within about 24 hours of each other," Jason began. He went on to explain that a court ruling in Ukraine has just prompted an "actual criminal investigation against Joe Biden in Ukraine."

This stunning development coincided with the release of leaked phone conversations, which took place in late 2015 and early 2016, allegedly among then-Vice President Biden, Secretary of State John Kerry, and Ukraine's former President Petro Poroshenko.

One of the audiotapes seems to confirm allegations of a quid pro quo between Biden and Poroshenko, with the later admitting that he asked Shokin to resign despite having no evidence of him "doing anything wrong" in exchange for a $1 billion loan guarantee.

"Poroshenko said, 'despite the fact that we didn't have any corruption charges on [Shokin], and we don't have any information about him doing something wrong, I asked him to resign,'" Jason explained. "But none of the Western media is pointing this out."

Watch the video below for more details:


Listen to the released audiotapes in full here.

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A recently declassified email, written by former National Security Adviser Susan Rice and sent herself on the day of President Donald Trump's inauguration, reveals the players involved in the origins of the Trump-Russia probe and "unmasking" of then-incoming National Security Adviser, Gen. Michael Flynn.

Rice's email details a meeting in the Oval Office on Jan 5, 2017, which included herself, former FBI Director James Comey, former Deputy Attorney General Sally Yates, former Vice President Joe Biden, and former President Barack Obama. Acting Director of National Intelligence, Richard Grenell, fully declassified the email recently amid President Trump's repeated references to "Obamagate" and claims that Obama "used his last weeks in office to target incoming officials and sabotage the new administration."

On Glenn Beck's Wednesday night special, Glenn broke down the details of Rice's email and discussed what they reveal about the Obama administration officials involved in the Russia investigation's origins.

Watch the video clip below:

Fellow BlazeTV host, Mark Levin, joined Glenn Beck on his exclusive Friday episode of "GlennTV" to discuss why the declassified list of Obama administration officials who were aware of the details of Gen. Michael Flynn's wiretapped phone calls are so significant.

Glenn argued that Obama built a covert bureaucracy to "transform America" for a long time to come, and Gen. Flynn was targeted because he happened to know "where the bodies were buried", making him a threat to Obama's "secret legacy."

Levin agreed, noting the "shocking extent of the police state tactics" by the Obama administration. He recalled several scandalous happenings during Obama's "scandal free presidency," which nobody seems to remember.

Watch the video below for more:


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Colleges and universities should be home to a lively and open debate about questions both current and timeless, independent from a political bias or rules that stifle speech. Unfortunately for students, speaking out about personal beliefs or challenging political dogma can be a dangerous undertaking. I experienced this firsthand as an undergraduate, and I'm fighting that trend now as an adjunct professor.

In 2013, Glenn Beck was one of the most listened to radio personalities in the world. For a college senior with hopes of working on policy and media, a job working for Glenn was a ticket to big things. I needed a foot in the door and hoped to tap into the alumni network at the small liberal arts school where I was an undergrad. When I met with a career services specialist in early March 2013 about possible alumni connections to Glenn Beck, she disdainfully told me: "Why would you want to work for someone like him?" That was the beginning and end of our conversation.

I was floored by her response, and sent an email to the school complaining that her behavior was inappropriate. Her personal opinions, political or otherwise, I argued, shouldn't play a role in the decision to help students.

That isn't the kind of response a student should hear when seeking guidance and help in kick starting their career. Regardless of the position, a career specialist or professors' opinion or belief shouldn't be a factor in whether the student deserves access to the alumni network and schools' resources.

Now, seven years later, I work full time for a law firm and part time as an adjunct teaching business to undergraduate students. The culture at colleges and universities seems to have gotten even worse, unfortunately, since I was an undergrad.

College is a time to explore, dream big and challenge assumptions.

I never want to see a student told they shouldn't pursue their goals, regardless of their personal or political beliefs. College is a time to explore, dream big and challenge assumptions. I never got access to the alumni network or schools' resources from the career services office.

Lucky for students in 2020, there are several legal organizations that help students protect their rights when an issue goes beyond what can be handled by an undergraduate facing tremendous pressure from a powerful academic institution. Organizations like Speech First and the Foundation for Individual Rights in Education (FIRE), for instance, are resources I wish I knew about at the time.

When I experienced mistreatment from my college, I spoke up and challenged the behavior by emailing the administration and explaining what happened. I received a letter from the career services specialist apologizing for the "unprofessional comment."

What she described in that apology as a "momentary lapse of good judgement" was anything but momentary. It was indicative of the larger battle for ideas that has been happening on college campuses across the country. In the past seven years, the pressure, mistreatment and oppression of free expression have only increased. Even right now, some are raising concerns that campus administrations are using the COVID-19 pandemic to limit free speech even further. Social distancing guidelines and crowd size may both be used to limit or refuse controversial speakers.

Students often feel pressure to conform to a college or university's wishes. If they don't, they could be expelled, fail a class or experience other retribution. The college holds all the cards. On most campuses, the burden of proof for guilt in student conduct hearings is "more likely than not," making it very difficult for students to stand up for their rights without legal help.

As an adjunct professor, every student who comes to me for help in finding purpose gets my full support and my active help — even if the students' goals run counter to mine. But I have learned something crucial in my time in this role: It's not the job of an educator to dictate a student's purpose in life. I'm meant to help them achieve their dreams, no matter what.

Conner Drigotas is the Director of Communications and Development at a national law firm and is a Young Voices contributor.