Glenn Beck: Cash for Clunkers and FDR



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GLENN: Yes, sometimes our government even amazes me. The latest example is the cash for clunkers program. Oh, it's a huge success, don't you think? I mean, that's the way the media is touting it. Why? Well, it's a huge success because so many people wanted to take advantage of it. That money was supposed to last until October is gone in less than a week. Wow. Hardly wait to see what healthcare costs us, huh? That's the definition of success? Here's the thing, Washington, and I'm going to speak slowly so you can understand. If you give $4500 for free, people will line up to take it. It's not rocket science. Imagine being such an incompetent organization that you're excited that you can give money away this quickly. What an accomplishment. But actually this success is just another example of how pathetic our government is. This program had a budget that was supposed to last for the rest of July, all of August, all of September and at least some of October. A budget for three or four months that lasts one week. Sorry, not even an entire week. That is success. That was the kind of change we were looking for in Washington.

VOICE: We're changing for change. Change.

GLENN: Oh, yeah. There's a change I was looking for. I don't know about you. Now, they are sure to expand the amount of cash that they are pouring into the program. I mean, it was very successful and everything. Oh, I got an update for you. They have. Stu, do you have any idea?

STU: Yes. It looks like they are going to add another $2 billion to the program.

GLENN: Another $2 billion.

STU: Wow.

GLENN: Another $2 billion to the program.

PAT: It's crazy. That's crazy.

GLENN: You think about the path of the money here, okay? Just follow the money. Have you ever heard that, follow the money? Follow the path of the money here. They take $4500 of your tax dollars. Then they give it to some other citizen who takes their car that is running fine and then they give that $4500 back to the car company that is probably already owned by the government anyway and then the politicians get to stand up and say, hey, guess what, we saved the auto industry, sales are up 9 billion percent. They are taking money from the taxpayer, giving it to the government, then moving it to other people to give to the government again. It's the circle of government. It's weird how these things always end at the government, isn't it? They always it's just so weird. Imagine that there was a struggling McDonald's franchise. You go out and buy it. Then you announce a new McDonald's program at your franchise, all Big Macs are just a quarter. Then you go out and borrow the money to cover the difference between the quarter and the regular price and you put that in the cash register after every sale. Then you gather the employees and tell them your program was so successful, sales are up 200%. Oh, yeah, and by the way, we're out of business. That's what they're doing! Except this path runs deeper in the incompetence trail. Has anybody listened to the radio commercials? Has anybody listened to the newspapers? Has anybody seen any ads on television, heard ads on radios or seen the ads in newspapers about the cash for clunkers rebates? You open up your newspapers today and it's riddled with those. Because they are so behind the times, they can't cancel things. Most likely you haven't heard them on the radio today but you heard those ads yesterday.

STU: I heard one on my way in today.

GLENN: Did you really?

STU: Yeah. And now luckily thank God the government is there to throw billions of dollars more. Because I mean, they are still running those ads.

GLENN: Look, here's the deal. This was the business plan for the next four months for these car dealerships. Now these dealerships, if they didn't have the money, would come up with something new, cancel or change the advertising that they've purchased. This, of course, screws with the businesses who can't get anything predictable out of this government yet again. It screws with the radio stations that have the schedules already purchased, screws with the newspapers, screws with the television stations.

STU: Guy's always complaining. He's always just coming up with something.

GLENN: We've already covered how the auto parts recyclers are getting hit. Why? Because the government is requiring these cars to get crushed or shredded. What do auto parts dealers do? The used auto parts stores, junkyards, what do they do? They take these junkers, they take out the drivetrains, they take out the engines, they take off the pieces and they sell them because people's cars are being but you want to talk about a disposable society? Here it is. Let me ask you, are you someone or do you know someone in this economy that could use a working car? Do you know somebody who's fallen on hard times that can get their car repaired? Do you know somebody who's driving something unsafe because they can't afford something else? Do you know someone looking for a used car? Who will now find that prices are artificially higher because the government is inexplicably shredding a quarter of a million used cars that could be used on the market? Are you somebody who's going into college that wants to buy a used car? Good luck. We have seen this destruction before. FDR did it. In May 1933 Franklin Delano Roosevelt, as part of the New Deal, he started the Agriculture Adjustment Administration. Business for farmers, not real good. Kind of like the car business. He wanted to artificially alter the farmers market. Sound familiar? Cotton prices he deemed too low. What to do, what to do. He created a nonexistent shortage. He destroyed 10 million acres of cotton. ADD moment. Did anybody see the TV show last night? Did you see the TV show?

STU: Yeah, yeah.

GLENN: I premiered on television last night the painting.

PAT: Oh, yeah, looked good. How are you going to sell that yet, by the way?

GLENN: I have no idea.

PAT: Sotheby's? Have they been calling?

GLENN: Well, the Guggenheims, they are there looking to see if they can get the first original and I said I'm not really sure. But anyway, do you wonder why I put FDR and the word "Deceit" next to it in that painting? This is why. Pork prices were deemed too low. Cotton and then pork. So when it came to pork, he slaughtered six million baby pigs in the great baby pig Holocaust of 1933.

PAT: Nobody talks about that anymore.

GLENN: No bacon for anybody who might have been starving in the Great Depression. No, no, no. If I heard about the lard sandwiches with my family, I heard them over and over and over again with my grandparents. They didn't have any butter. They had to use lard. But even lard was rationed. Think of all the lard that could have been made with all of the baby pigs. But no, no, no. Feeding people wasn't part of a central planning. Neither were clothes made of cotton that certainly many were suffering in the depression could have used.

Tell me if this sounds familiar. All of this followed the Emergency Farm Mortgage Act that allotted $200 million for refinancing mortgages to help farmers facing foreclosure. First he bailed their homes out, then that wasn't enough. Then he decided to destroy products that they were growing, you know, pigs or cotton to artificially inflate the prices. You see, killing the baby pigs was a response to an emergency. The emergency was the Farm Mortgage Act didn't work. And that was a response to an emergency. And when everybody started to complain about the millions of pigs being slaughtered and the meat being wasted, they responded by creating another government program called the Federal Surplus Relief Corporation. The FSRC diverted agriculture commodities to relief organizations. So now because they slaughtered the baby pigs, they had to create another one that would take food away from other farms, buy it with taxpayer dollars, and then send it to relief organizations. Do you see what happened here? A supposed emergency creates a giant mortgage government giveaway. Then central planning causes the destruction of perfectly useful and needed products. And then that mess is all solved by the creation of another government program that makes people dependent on the government. Three years later the pig murdering and crop destruction of the Agriculture Adjustment Administration was ruled unconstitutional, but the damage had already been done by 1936. All of these policies appeared to work initially but turned out to be complete and utter disasters. Does any of this sound familiar? Any of it?

PAT: No, because if we weren't destroying all those bad cars, all those people would be dying anyway from the CO2 they emit, Glenn. These in the long run this is part of creating, you are saving lives.

GLENN: Why are you complaining now when I didn't hear you complain under the George Bush administration?

PAT: Yeah, remember his car destruction program?

STU: Or the FDR administration. I didn't hear any complaints about that.

GLENN: Let me ask you this, Dick Cheney and Halliburton.

PAT: Yeah... who? Who did you say?

GLENN: Dick Cheney and Halliburton.

(Spooky music).

GLENN: Okay, stop, stop. We can't use the Halliburton anymore because I can't take the Halliburton. That is the politics of the past.

PAT: You are right. You are right.

GLENN: Now we need GE. I mean, GE is the Halliburton of this administration and so we have the new do we have the new GE?

PAT: We do.

GLENN: Where is it?

PAT: It's right here. You are not hearing it yet?

GLENN: No, I'm not. Oh, this is GE.

VOICE: GE, we bring evil to life.

GLENN: Fantastic. We bring evil to life. And I stand by that one.

The Senate Judiciary Committee was set to vote on subpoenas to compel Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg to testify on alleged censorship and bias across their platforms. But that all changed when Republican committee members "expressed reservation about the maneuver," Politico reports.

Sen. Ted Cruz (R-Texas), who chairs Judiciary's Subcommittee on the Constitution, was definitely not one of the committee members with cold feet. On the radio program Tuesday, he told Glenn Beck that he's fighting "vociferously" to ensure Dorsey and others testify before the November 3rd election.

"Jack Dorsey and Mark Zuckerberg are both going to testify. They're are going to testify in person. They're going to testify before Election Day. That's what I think should happen," Cruz said. "That's what I'm fighting vociferously to happen. Right now, the companies are negotiating with the chairman's office to discuss terms to come voluntarily. I don't give a damn whether they come voluntarily or under subpoena. They need to testify in person and answer questions for the American people about why they are trying to steal this election, to suppress the free speech, and to censor the press."

The subpoenas would require Big Tech leaders to testify on the alleged "suppression and/or censorship" of two consecutive blockbuster stories from the New York Post. The first story was about emails that allegedly came from Hunter Biden's computer which are currently being investigated by the FBI, and the second was based on additional emails that allegedly showed communist China directly offering millions of dollars to then-Vice President Joe Biden.

"Big Tech stepped in, and they've done something they've never done before," Cruz explained. "We know that Big Tech has been censoring individual conservatives, trying to suppress conservative speech. But the step they took here is, they blocked if any individual user tried to share either of the New York Post stories, [they] were blocked ... Sharing a news story, from a major media outlet is part of democracy, part of free speech. And not only that, they blocked the New York Post itself. Right now, today, the New York Post is not being allowed to post its own damn stories on corruption. This is ridiculous. It's a threshold that's never been crossed before, of Silicon Valley oligarchs declaring the authority to determine what the press is allowed to report, and who is allowed to see it."

Watch the video below to catch more of the conversation:

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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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