Glenn Beck: Creating or saving jobs



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GLENN: We are creating or saving jobs every single day. It is absolutely fantastic. We finally now know exactly how President Obama is going to count the jobs that he is saving or creating. Under the rules released now Monday, the White House told the governors, mayors and contractors to keep it simple. Quote: Just count the people being paid out of the Recovery Act dollars. This is from the deputy director at the White House budget office. Just count the people being paid out of the Recovery Act dollars. Well, that makes sense, right? I mean, it sounds perfectly simple. It's a great sound bite? I mean, just don't think about it for very long. Quick, pass this, quick, it's an emergency! Once you start to think of it, then you start to think of, well, let's say your situation. Let's say you run a company. Well, let's say this radio show is a company. I'm not planning on firing anybody right now. Well, I might fire Stu. But other than that. But let's say I get $100,000 in stimulus funds. This is how they would count the jobs. I would tell them the number of people that I'm paying with that money and since I'm not firing ‑‑ you know, I'm not planning on firing anybody, the number would be zero, right? I'm paying them anyway but I'm getting $100,000 in stimulus money. This is why they have set it up this way. I'm not firing anybody. The number is zero jobs that have been saved or created but since I wanted the stimulus money, I'm incentivized to not say zero. Otherwise why would I take the stimulus money? In fact, it's best for me to make that number as high as possible to justify my decision. So instead I would say I'm paying two or three people with that money, even if that doesn't cover their salary. I'm paying seven people right now with $100,000 in stimulus money. Really? I'm going to pay them anyway. I'm just pocketing the money that I would have given them otherwise. Then the politician from my district who secured the money is also incentivized to make sure that number is as big as possible so we report the number back to the president and he takes credit for three jobs saved: Mine, Stu's and Dan's, even though I wasn't planning on firing anyone.

Now, that might sound like we're basically taking the amount of money and dividing it by the average salary, and it is, but Obama's not doing it. This is where the beauty comes. It would be too obvious if we just took the money and then divided it by salaries. However, if he just relies on business owners like me, well, I'm independent. I'm not getting those numbers from, you know, some government source. I'm getting it from the private sector. Let's for the first time hold up the private sector. But it actually gets worse than what I explained.

Here's the real life example given from Washington. Ohio officials have estimated a $20 million bridge construction project is going to create or save 10,500 jobs. They are going to build a bridge and it will save or create 10,500 jobs. For those mathematicians who happen to be listening in the audience because we were always number one in math, that's less than $2,000 per job.

Now, I suppose you could create a lot of jobs if you are paying people 96 cents an hour, which is about what that works out to, but we're not in China or Mexico... yet. Who thinks this is legitimate? Apparently only the president and the media. Everybody else is, "You've got to be kidding me, right?" This is how we're creating or saving jobs. See, this is better, though, than my theory. My theory was on how he was going to say he saved all the jobs is he was just going to continue to take companies over and then every day he doesn't fire all of the people in that company, he saved jobs. Did the president call you today to fire you? Nope. Saved another job. I don't know, I was thinking about closing down an entire company, but I didn't. He saved another job. Congratulations. We have another stimulus package coming our way. This would be ‑‑ count them ‑‑ three. This is the third stimulus package. Let's not forget we had a stimulus package last summer and that stimulus package was going to be big enough to be able to jump start the economy. I told you at the time, waste of money; you cannot jumpstart the economy; it has to bottom out. No, no, no, if we just give money to pour people, they will spend it and that will jumpstart the economy. The only thing that happened is we racked up more debt because we didn't have the money to send people. Instead why don't we consider a tax break? No, because a tax break doesn't make you dependent on the government. A tax break, of course, isn't fair because there are people who don't pay taxes. And don't they deserve money? No.

So the first stimulus package happened under that great conservative George W. Bush and then the second stimulus package happened under that great fiscally responsible Democrat Barack Obama. And remember, if we don't pass this stimulus package, we won't survive. We passed it. He's saving 10,000 jobs per bridge. Everything has got to be sunshine and lollipops. I don't understand why we're at 9.6% unemployment. Is it 9.6 or 9.4? 9.4% unemployment because the stimulus passed. He said if we pass the stimulus, it will never go higher than 8. We passed it. Now all we're hearing about are all these green shoots. If I hear one more person ‑‑ I feel like I'm watching a bird's‑eye Chinese stir fry commercial. Stop with the green shoots. That's all I'm ever hearing about is green shoots, green shoots, green shoots, green shoots, green shoots. What? The stock market was going up, we're past that. The president was saying we're past this, we've turned the corner, looks like we've averted disaster. If we averted disaster, why are they now talking about a second stimulus ‑‑ I'm sorry, a third stimulus package? Why would we be considering that? The answer is they're lying to you. We're not past it. We are in a false bottom right now. This is euphoria. This is also the amount of money that we pushed out there. This is inflated dollars. The inflated dollars, the first place they go is to the stock market. There was no good news on the stock market. The stock market, "Gee, the Dow is going up. Looks like everything's fixed." No, they just took all of the sick companies out of the Dow. That is great so. It's like, "Do you realize that this hospital has the highest cure rate?" Does it really? "Yesterday we had 40 people in intensive care and they all had leprosy. Today no leprosy." You've got to be kidding me! That's great! How did you cure it? "We moved them to another hospital." That's all they're doing. And we're like, "Wow, you're a miracle worker." Well, just the job I do. You know, cure leprosy and sprout green shoots. By the way, we should make more leprosy medicine? Why? I thought you could cure it. I'm just saying we should make some more leprosy ‑‑ just keep it on hand.

And here's what's going to happen. You are going to be the Americans I know you are, and you are going to stand up and you are going to say, "No more stimulus package" and those people in congress, they are going to stand up and say, "You are right! It's corporate welfare!" By the way, we're not creating jobs. If we're counting jobs that the government is paying for, if we are ‑‑ if the way we're creating jobs is the government is hiring people to build things but they are only giving the money to the cities and then the cities are granting this money out, that's Caldwell fair. We don't have new jobs saved or created. That bridge in Ohio, that's not 10,500 new jobs. That's 10,500 new welfare recipients. That's what that is. They are taking money from me and giving it to the 10,500 people to build the bridge. Really? That seems like a really inefficient bridge. Jeez.

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.

2009

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.

2010

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?

2011

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.

2013

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.

2014

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.

2015

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.

2017

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.

2018

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.

2019

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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