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?

If we learned nothing from the media over the past 4 years it's that colluding with a foreign entity to either win an election or for personal gain is absolutely grotesque. Well, that depends on whether you have a (D) or (R) before your name anyway. President Trump was impeached on rumor and innuendo yet Joe Biden has all but skated on his corruption up to this point.

Below is a timeline that shows the level of corruption and the lengths the Biden's went to in order to build that family's wealth and influence internationally.


In 2009, Joe Biden was the brand-new Vice President and John Kerry was a U.S. Senator. Just five months after Joe was sworn in, his son Hunter, and Kerry's stepson, Christopher Heinz, formed an international private equity firm called Rosemont Capital. It had several different branches, including one called Rosemont Seneca Partners.


Just nine months after Rosemont Seneca opened its doors, Hunter Biden went to China for meetings with executives from China's biggest banks, and its sovereign wealth and social security funds. That's unheard-of access for a brand-new firm. Was it just coincidence that at the same time Hunter was meeting these Chinese bigwigs, his dad was meeting with China's then-president Hu Jintao in Washington DC at a nuclear security summit?


In May 2011, Joe Biden met with Chinese officials for the U.S.-China Strategic & Economic Dialogue conference in Washington. Just two weeks later, Hunter Biden went to Taiwan for meetings with the same Chinese financial giants he'd met in China in 2010, plus some new ones.


By December 2013, Joe Biden was enjoying his second term as VP, and John Kerry was now Secretary of State. That's when Joe traveled to Beijing on an extended official trip and Hunter traveled with him on Air Force Two.

During their stay, Vice President Biden met with President Xi and Hunter was mostly out of sight. We don't know exactly what he was up to, but the deal finalized between Rosemont Seneca and the Bank of China just ten days after the Bidens' trip pretty much gives it away. The most powerful financial institution in China formed a joint venture with tiny Rosemont Seneca to create a giant new investment firm called Bohai Harvest RST – the "RS" stands for Rosemont Seneca.

The firm is often called "BHR" for short.

Hunter Biden was a member of the Board. Remember, the Bank of China is government-owned, which means its business is completely intertwined with the goals of the Chinese Communist Party. BHR also got the freedom to operate in the newly created Shanghai Free-Trade Zone where, over the next six years, it would use $2.5 billion of Chinese government money to invest in China, as well as in other countries, including the U.S.

During their Beijing trip, Hunter also introduced Jonathan Li to his dad. Li is Hunter's business partner – he's CEO and Director of BHR.

Hunter arranged for Joe to meet Li in the lobby of the hotel where they stayed during their Beijing trip.


In 2014, one of BHR's first major investments was in the China General Nuclear Power Corporation.

CGN is a Chinese government-owned nuclear power company that sold off a stake of the company to outside investors. Problem is, CGN was under FBI investigation for paying informants in the U.S. to steal nuclear secrets.

In 2016, the FBI arrested the ringleader of this nuclear espionage, a man named Allen Ho.

When they arrested Ho, he was using a random code generator to access funds being provided to him from – where else? – the Bank of China.

Yet while this FBI probe was going on, the son of the Vice President owned a stake in the company being investigated. And even after arrests were made, Rosemont Seneca did not alter its relationship with BHR, nor did it divest from CGN, even though it was stealing U.S. nuclear secrets.


In 2015, BHR partnered with the Aviation Industry Corporation of China (AVIC) to buy an American company called Henniges for $600 million.

AVIC is a gigantic military contractor in China – think Lockheed Martin – that makes fighter jets, bombers and drones. BHR bought 49% of Henniges and AVIC bought 51%.

Henniges is a precision parts manufacturer specializing in anti-vibration technology. The stuff they make is known as "dual use" by the U.S. State Department, which means the technology can also have a military application.

Because of that, the deal had to be approved by the Committee on Foreign Investment in the U.S. (CFIUS) since it could have national security implications. The thing is, the American side of BHR – meaning Hunter Biden and his pals – had to know there were serious national security implications with AVIC.

The year before they formed a partnership with AVIC, the Wall Street Journal reported how AVIC stole technology related to the U.S. Air Force's F-35 stealth fighter and used it in its own stealth fighter for the Chinese.

How the Committee on Foreign Investment approved that deal remains a mystery. CFIUS does not publicly disclose any information regarding its decisions. Their findings are not publicly announced.

Interesting that China accounted for the largest share – with 74 transactions – approved by CFIUS during Obama's second term (2013-2015).

Under the umbrella of Rosemont Capital was a real estate company called Rosemont Realty. In 2015, a Chinese company called Gemini Investments bought a 75% stake in Rosemont Realty. The company was renamed Gemini Rosemont

Gemini brought $3 billion to the partnership with Rosemont, with the aim of buying "Class A institutional-quality commercial office properties in U.S. markets."

Red flag (literally) – Gemini Investments is a subsidiary of the China Ocean Shipping Company, a.k.a., "COSCO."

COSCO is a Chinese government-owned company. Its headquarters in Beijing is actually next to the headquarters of the Bank of China. COSCO is well-known for its close military ties. It's essentially a branch of the Chinese Navy.


In 2017, BHR invested in Face++. That's the facial recognition phone app built by a Chinese company that is incorporated in a separate app built by the Chinese government. Police in the Xinjiang [Sin-jong] region of China use that app to keep tabs on citizens, and track and detain Uiguhr [Wee-ger] Muslims.

The app allows police easy access to data about Chinese Muslims including things like religious activity, blood type, and even the amount of electricity they use.


In March 2018, a spokesman (Chris Bastardi) for Christopher Heinz (John Kerry's stepson) emailed The Hill to say that Heinz had "no operating role" in Rosemont Seneca, and that he was not involved in any of Rosemont's deals in China (which contradicts Schweizer's report in his book Secret Empires).

Chris Heinz was involved in Rosemont Capital. Rosemont Seneca was established under the same GP as Rosemont Capital, but Chris Heinz had no operating role in it. Chris and his family have no financial interest or investment in Bohai Harvest RST, he has never traveled to China, and he has never met with the firm's Chinese management team or investors.


In October 2019, Hunter Biden's lawyer, George Mesires, said Hunter did not conduct any business on that 2013 trip to Beijing with his Dad.

Mesires said the timing of BHR's business license getting approved was purely coincidental because the paperwork had been submitted months before the Bidens' China trip.

According to Hunter's lawyer, the approval " was not related in any way, shape or form to Hunter's visit."

Hunter Biden finally stepped down from the BHR board last October (2019), but he DID NOT give up his 10% stake in the company.

When Bevan Cooney — the former "junior" business partner to Hunter Biden and Devon Archer — went to jail in 2019, investigative reporter and New York Times bestselling author Peter Schweizer thought he'd never gain access to the damning emails Cooney had promised. That all changed three weeks ago when Schweizer was given complete access to Cooney's gmail account.

Schweizer joined Glenn Beck on the radio program Tuesday to describe just some of the business deals revealed within these emails — like Hunter working with an alleged Russian criminal and with Chinese communists to secure their assets, or to secure one-on-one time with his dad, then-Vice President Joe Biden. And all of this new information is completely separate from the emails allegedly discovered on Hunter Biden's laptop recently reported by the New York Post.

"So, I want to make this clear. This [Cooney's emails] has nothing to do with what's on the laptop … It didn't come from [Rudy] Giuliani. It didn't come from anybody else, right?" Glenn asked Schweizer.

"That's absolutely correct," Schweizer confirmed.

He briefly explained how Cooney, a former Los Angeles nightclub owner, is currently serving a prison sentence for his involvement in a fraudulent business bond scheme with Biden and Archer. From prison, Cooney gave Schweizer written permission to access his Gmail account.

"This is really important," he noted. "We're not looking at printouts. Not looking at PDFs. We're actually in his Gmail accounts themselves, sifting through these emails. And there's a shocking amount of information about deals involving China, involving Russia, involving all sorts of things they were trying to pull off."

Watch the video below to catch more of the conversation:

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The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

Watch the video clip from the full podcast below, or find the full episode HERE:

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In a phone call with his constituents, Senator Ben Sasse (R-Neb) unleashed a torrent of criticisms about President Donald Trump, saying he "flirted with white supremacists," "kisses dictators' butts," and "spends like a drunken sailor."

On the radio program Friday, Glenn said he was disappointed in Sen. Sasse for apparently forgetting all of President Trump's accomplishments. Because, in reality, Trump has accomplished a lot more than many presidents before him.

Then, for anyone who may have forgotten President Trump's achievements — or who simply hate the man so much they've ignored them — Glenn listed just some of the many things this president has achieved during his three and a half years in the White House.

Watch the video below to hear Glenn's message for all the Trump-haters who have forgotten Trump's accomplishments, or you can read Glenn's list HERE:

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