Glenn Beck: 31 year old in charge of ruining capitalism

Glenn: But first I want to spend some time on GM, and sometimes there's a story that is so good that you just have to read it verbatim. Usually you don't say that coming out of the New York Times, but this story is so good that I have to read it verbatim. Dateline Washington. It's not every 31 year old in a first government job that finds himself dismantling General Motors and rewriting the rules of American capitalism, but that in short is a job description for Brian Deese, a not quite graduate of Yale Law School.

Hold on just a second. I've just got to start at the beginning. Not every 31 year old 31 year old in the first government job that find himself dismantling General Motors and rewriting the rules of American capitalism, but that in short is the job description of Brian Deese, a not quite graduate of the Yale Law School. Huh. Brian Deese had never set foot in an automotive assembly plant until he took his nearly unseen role in the remaking of the American automotive industry, nor for that matter had he given much thought to what and I would an industry that had been in decline ever since he was born. A bit laconic and looking every bit just out of the graduate school student adjusting to life in the West Wing, he's got this beard that appears and disappears, says Steven Rattner, one of the leaders of President Obama's automotive task force. Mr. Deese was thrown into the auto industry's maelstrom as soon as the election night parties ended. There was a time between November 4th and mid February when I was the only full time member of the auto task force, said Mr. Deese, a guy again who hasn't graduated from Yale Law School... yet. Mr. Deese, a special assistant to the president for economic policy, acknowledged recently as he hurried between his desk at the White House and the treasury building next door, it's been a little scary, end quote. But now according to those who have joined him in the middle of his crash course about the automaker's downward spiral, he has emerged as one of the most influential voices in what may become President Obama's biggest experiment yet in federal economic intervention. I believe that is worth repeating that last sentence. But now according to those who have joined him, who have joined him in the middle of his crash course about the automaker's downward spiral, he, the guy who hasn't yet graduated from Yale Law School, it's his first ever government job, he at 31, in his first job, has been rewriting the rules of American capitalism. That guy has now emerged as one of the most influential voices in what may become President Obama's biggest experiment yet in federal economic intervention. While far more prominent members of the administration are making the big decisions about Detroit, it is Mr. Deese who is narrowing their options. A month ago when the administration was divided whether to support Fiat's bid to take over much of Chrysler, it was Mr. Deese who spoke out strongly against simply letting the company go into liquidation, according to several people who were present for the debate. Brian gasps both the economics and the politics. Hold on just a second. Wait just a second. Brian grasps both the economics and the politics about as quickly as I've seen anyone do, says Lawrence H. Summers, head of the economic council who is not known for being patient whenever he believes analysis is sub par or disagrees with his own. And there he was in the Roosevelt Room speaking up vigorously to make the point that the costs we were going to incur giving Fiat a chance were no greater than some of the hidden costs of liquidation. Mr. Deese was not the only one favoring the Fiat deal, but his lengthy memo on how liquidation would increase Medicaid costs, unemployment insurance, and municipal bankruptcies ended the debate. The administration supported this deal. It became a reality yesterday. A federal judge is now handling the high speed bankruptcy proceeding. They approved the sale. Chrysler's best assets would go to the Italian carmaker. Mr. Deese's role is unusual for someone who is neither a formally trained economist as well as not being a business school graduate. I'd like to point out that he also hasn't graduated from law school. They don't point that out. They say he is not a business school graduate and he has never spent much time flipping through the endless studies about the future of the American and Japanese auto industries. He's wait a minute, hang on just a second. That's a really cavalier way of putting it. Can you imagine if I were appointed on the president's economic council? Do you think the New York Times would just describe me as someone who also never spent much time flipping through the endless studies? Usually you get into a story like this and, okay, there's the meat of it. This never ends. He lives a dual life these days. He starts the day at a desk wedged outside of Mr. Summers' office. Where he can hear what young members of the economic team have come to know as "the Summers bellow." From there he can make it quickly to the press office to help devise explanations for why the taxpayers are spending more than $50 billion on what polls show is a very unpopular bailout for the auto industry. So not only is he devising the plans, he's devising the explanations as well. Several times a day he speed walks to the treasury, taking the shortcut to the tunnel under the colonnade near the kitchens. The other day he talked about how sharply perceptions of the industry's futures changed after Mr. Obama's elections. At the first meeting with Rick Wagoner, he said, referring to GM's recently deposed chief executive, they were in a very different place. He said publicly that bankruptcy was not a viable option. It's been a long process to be able to get everyone to look at the options differently. Is it Mr. Deese, the guy who hasn't graduated from college yet? Is it Mr. Deese who's not formally trained in the economics, nor a business school graduate, nor someone who has spent much time flipping through the endless studies about the future of American and Japanese auto industries that changed the president's mind? In fact, from before Inauguration Day few in Obama's circle saw any other choice. Every time Mr. Deese ran the numbers on GM and Chrysler, he came back with the now obvious conclusion that neither was a viable business and that their plans to revive themselves did not address the erosion of their revenues. But it took the support of Mr. Rattner and Ron Bloom, senior advisors to the tax force charged with restructuring the automobile industry to help turn Mr. Deese's positions into policy. So the guy with the least amount of experience that hasn't gone to college yet and finished anything doesn't have any formal training on economics, hasn't spent the endless time flipping through, he was the guy who said, let them fail while no one on the senior team saw it. And yet he did. He was the quick functioning he was quickly functioning as the top economic policy staffer through the campaign, Mr. Sperling said. He could blend the policies' needs and the political needs seamlessly. He resumed policy work in the White House. He found himself stuck in Chicago, unable to fly to Washington with his dog and as the economic crisis deepened, finally one night he decided just to get into his car with his dog and drive to Washington. I slept in the parking lot of the GM plant in Ohio. The plant opened during GM's heyday in the mid 1960s where the Pontiac G5 is produced. Under the plan that Mr. Deese worked on when he arrived in Washington, Pontiac will disappear. I guess it was prophetic, he said, shaking his head. Is this not insanity? We have somebody who doesn't know what the hell they are doing rewriting the laws of American capitalism. Can you imagine how the New York Times would treat someone making global warming policy that didn't spend time flipping through the endless studies? We have people in congress not reading bills. We have people in congress making decisions that have never run a business! Why is no one asking how is America going to get her $100 billion back? Is it because we know?

Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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During a lecture at the Yale School of Medicine's Child Study Center, a New York City-based psychiatrist told students and faculty that she fantasizes about "unloading a revolver into the head of any white person that got in my way," among several other shockingly race-hating statements.

In April, Dr. Aruna Khilanani — a New York-based forensic psychiatrist and psychoanalyst — delivered the talk called "The Psychopathic Problem of the White Mind" virtually as part of the Yale School of Medicine's "Child Study Center Grand Rounds," a lecture program for "trainees in child psychiatry, psychology, and social work, faculty, clinicians, and scientists."

On the radio program Monday, Glenn Beck shared several quotes from an audio recording of the lecture provided by Bari Weiss, a former opinion writer and editor for the New York Times.

Here are a few of Khilanani's statements from the audio:

  • "This is the cost of talking to white people at all. The cost of your own life, as they suck you dry. There are no good apples out there. White people make my blood boil."
  • "I had fantasies of unloading a revolver into the head of any white person that got in my way, burying their body, and wiping my bloody hands as I walked away relatively guiltless with a bounce in my step. Like I did the world a f***ing favor."
  • "White people are out of their minds. And they have been for a long time."
  • "White people feel that we are bullying them when we bring up race. They feel that we should be thanking them for all that they have done for us. They are confused, and so are we. We keep forgetting that directly talking about race is a waste of our breath."
  • "We are asking a demented, violent predator who thinks that they are a saint or a superhero, to accept responsibility. It ain't gonna happen. They have five holes in their brain. It's like banging your head against a brick wall. It's just like sort of not a good idea."

"We must take a stand. We must speak out, because this is evil," Glenn said in response to Khilanani's shocking lecture. "I don't care who you voted for, you know this is evil."

Watch the video below for more details:

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The prices of our houses and food are already rising fast, but they will skyrocket to record highs if we don't fix the problem soon. So what's causing the inflation?

On the radio program this week, Glenn Beck said he doesn't believe it's the fault of our loggers, farmers, or truckers — many of them are really struggling. But the big corporations that control these industries are making record profits, all while the Biden administration is making some very odd decisions that could make the crises even worse.

Watch the video below for more details:

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The crisis at the border continues to worsen, with the U.S. Border Patrol recently releasing some shocking statistics that illuminate just how bad the situation has become. But Texas Governor Greg Abbott (R) is doing everything he can to prevent any additional unlawful crossings into the Lone Star State.

Abbott joined Glenn Beck on the radio program Wednesday to describe recent action he has taken to ensure that those who do cross into Texas illegally know they came to the "wrong state."

After noting that both President Joe Biden and Vice President Kamala Harris "have completely abandoned post as it concerns the Texas border," Abbott explained how "Texas is stepping up" to combat the flood of dangerous gangs and cartels, human traffickers and drugs he says are pouring into border communities.

"Beginning in March, I deployed a thousand Texas Department of Public Safety officers to the border. I deployed the National Guard to the border. And they made well over a thousand arrests of some of these criminals we talked about. They've apprehended more than 33,000 illegal immigrants coming across the border." Abbott said. "But because of the way the Biden administration has abandoned the border, we are now elevating our game. What I did yesterday, in response to more than a dozen counties along the border ... I granted their request for a disaster declaration," he added.

Abbott went on to describe how his disaster declaration gives Texas the authority to toughen penalties for lawbreakers, including criminal trespassing, smuggling, and human trafficking.

"We're going to begin arresting everybody coming across the border and charging them with criminal trespass and putting them in jail. They are coming in here, thinking they'll get the Biden free-ride, and go wherever they want to go. Not in the state of Texas. We'll start arresting them right and left, and putting them behind bars, and saying they came in to the wrong state."

Asked by Glenn if he is prepared for the inevitable "media onslaught", Abbott simply answered, "We're prepared to see a reduction in the number of people coming across the border — because Texas is enforcing the law, period."

Watch the video clip below for more:


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