Did President Obama Save the Economy?




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I want to be wrong. And I'm going to take the president at his word; that his plans have stopped the decline.

I personally think he is mistaken and that sometime starting after the New Year you'll start seeing how bogus this is, but here are the headlines:

• "Positive U.S. Economic Data"

• "U.S. Recovery Buoys the Bulls"

• "U.S. Stocks Rise"

• "The GDP Is Up"

Fantastic!

Obama had this to say: "We can see clearly now that the steps my administration is taking are making a difference... blunting the worst of this recession and helping to bring about its conclusion."

Now, here are some pesky "oh gee, there goes Glenn again" facts:

Yes, the GDP was up, but unemployment continues to heads towards double digits and currently stands at 9.8 percent.

And while they — rightly so — pat themselves on the back and celebrate the GDP increase of 3.5 percent, I would just like to point out that number was inflated by stimulus money.

They patted themselves on the back again on "cash for clunkers" — again, let me point out, stimulus money.

They are also touting the fact they have "created or saved" 650,000-some jobs with stimulus funding. I would love to give you credit for that, but I don't know how to measure a "saved" job? Even David Gregory, is skeptical on that one:

(BEGIN VIDEO CLIP)

DAVID GREGORY, NBC NEWS HOST: OK. What is a saved job? How do you measure that?

TREASURY SECRETARY TIM GEITHNER: A saved... well...

GREGORY: It's not something an economist recognizes as an actual fact.

(END VIDEO CLIP)

So, while it's fantastic you "saved" 650,000 jobs, how do you explain the 2.7 million jobs lost since the stimulus?

How about this: Do you know anyone — anyone — who's out there saying: "Times are great. My small business is expanding"? Do you know anyone saying: "I just can't keep up with all the job offers"?

I don't either.

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For all the "fixing" government does, there's not much to show for it. And they seem to be doing more "buying" than fixing. Federal government owns or controls 30 percent of private wealth in America.

Government has a 60 percent stake in GM. The Obama administration pumped $58 billion into saving the struggling company. Great for Detroit, right? Well, Joe Biden did re-open a GM plant... in Wilmington, Delaware, to make green cars that no one wants. Politicians have stepped in to give "reprieves" to failing dealerships around the country.

But meanwhile Ford has a different strategy. They decided to focus on something crazy called "cutting costs" and posted $1 billion in profit.

Government wants to "fix" or "heal" the planet. But the Earth god himself, Al Gore, whose net worth (including two houses) in 2000 was under $2 million, now he's worth hundreds of millions and stands to make even more as energy prices "necessarily skyrocket" (to quote President Obama) and government forces us to go green. And if he loves the Earth so much, why does he eat meat? Finally, someone asked him that question:

(BEGIN ABC VIDEO CLIP)

DIANE SAWYER, ABC NEWS HOST: Here's Glenn Beck giving a challenge to you about cows and methane:

(BEGIN VIDEO CLIP)

GLENN BECK: I'm siding with PETA on this one. Once again asking Al Gore if you really want to save the planet, Al, why don't you put down the cheeseburger and pick up the veggie burger? Time for, maybe, soy milk and tofurkey.

(END VIDEO CLIP)

(LAUGHTER)

(END ABC VIDEO CLIP)

And if they really care about the planet so much, why are they pushing a cap-and-trade system that won't curb emissions and will just make Americans pay for them? This is the system that Enron lobbied for — that should raise a flag or two... or 50. Is it really about the planet or a special interest: MSNBC's parent company, GE and Jeffrey Immelt, who stand to make a fortune on the smart grid and other green initiatives.

GE also stands to make a ton of profit on health care with their "health imagination" program. So is it really about "fixing" health care? We can find that answer by looking into the people Obama turns to most on health care:

(BEGIN VIDEO CLIP)

THEN-PRESIDENTIAL CANDIDATE BARACK OBAMA: Before debating health care, I talked to Andy Stern and SEIU members.

(END VIDEO CLIP)

He consults Andy Stern and SEIU. That wasn't just campaign lip service either. Andy is the leading visitor to the White House — more than Oprah Winfrey; 22 visits in all. Andy Stern, a guy who's helping redesign our system. He must be a free-market capitalist, huh? A straight-talking straight-shooter. All around good guy, the kind you'd want designing the free market system, right?

(BEGIN VIDEO CLIP)

ANDY STERN, PRESIDENT OF SERVICE EMPLOYEES INTERNATIONAL UNION: What we're working towards is building a global organization, because — workers of the world unite, it's not just a slogan anymore, it's a way we're going to have to do our work.

(END VIDEO CLIP)

Workers of the world unite. Where have I heard that before? Oh, that's right: The Soviet revolution.

I'm sure it was just a slip of the tongue. Even though he tweeted that Van Jones "deserved a more spirited defense," he couldn't be another one of those big government, re-distribution of wealth guys, right?

(BEGIN VIDEO CLIP)

STERN: There are opportunities in America to share better in the wealth to rebalance the power and unions and government are part of the solution.

(END VIDEO CLIP)

Oh boy, another big government Marxist around the White House from the unions. But they aren't thugs. No mobster knee breaking tactics going on there, right?

(BEGIN VIDEO CLIP)

STERN: We're trying to use the power of persuasion and if that doesn't work, we're gonna use the persuasion of power because there are governments and there are opportunities to change laws that affect these companies.

(END VIDEO CLIP)

(BEGIN AUDIO CLIP)

STERN: We took names. We watched how they voted. We know where they live.

(END AUDIO CLIP)

Wait, these videos must have been from a sketch comedy show. There's got to be some explanation. Surely, the man whom Obama said this about:

(BEGIN VIDEO CLIP)

OBAMA: Before debating health care, I talked to Andy Stern and SEIU members.

(END VIDEO CLIP)

Couldn't have just said... what was it again?

(BEGIN VIDEO CLIP)

STERN: We're trying to use the power of persuasion.

Share better the wealth. Rebalance the power.

Workers of the world unite, it's not just a slogan anymore it's a way we're going to have to do our work.

(END VIDEO CLIP)

Well, the phone is here, Anita. We still haven't given up hope that you'll call. The president can't agree with any of this. He loves America. He loves capitalism. He would never want to spread the wealth around:

(BEGIN VIDEO CLIP)

OBAMA: Everybody is so pinched that business is bad for everybody and I think when you spread the wealth around it's good for everybody.

(END VIDEO CLIP)

Oh boy, maybe the tapes were doctored? I'm just trying to help.

This administration's agenda has nothing to do with "fixing" anything. The results indicate that and everything the president says — and those around him, like George Soros, the radical left guru, say — seem to back that up:

(BEGIN VIDEO CLIP)

GEORGE SOROS, BILLIONAIRE: The system we now have has actually broken down only we haven't quite recognized it. And so you need to create a new one and this is the time to do it.

(END VIDEO CLIP)

America, can I ask you a question? How do your friends explain this? They just call me fat or bigoted or ugly or whatever. But no one can explain and the White House doesn't call.

We should have a contest to see how long it takes the White House to actually speak my name; they'll say "5 p.m." or "Fox" or "some right-wing commentators." But if I were that wrong, wouldn't you want to say my name? Like I do: Barack Obama, Andy Stern, Anita Dunn, Ron Bloom, John Holdren, Van Jones, Mark Lloyd, Cass Sunstein.... Are they playing a really unique game of Taboo where they can't say my name?

If I'm wrong, why wouldn't they call me?

Here's two other names they won't say: Cloward and Piven. Go look them up right now. This is what they are doing: It's a collapse the system and replace it with a system of guaranteed annual income for all the workers.

Workers of the world unite!

They need to do it this way, because they know you'll never willingly give up their freedoms. You are going to be "nudged" into it. If they can't nudge you, they'll push you into it. What was it Andy Stern said?

(BEGIN VIDEO CLIP)

STERN: We're trying to use the power of persuasion and if that doesn't work, we're gonna use the persuasion of power because there are governments and there are opportunities to change laws that affect these companies.

(END VIDEO CLIP)

(BEGIN AUDIO CLIP)

STERN: We took names. We watched how they voted. We know where they live.

(END AUDIO CLIP)

They just need a final emergency.

But don't mark my words; mark the words of George Soros:

(BEGIN VIDEO CLIP)

SOROS: The system we now have has actually broken down only we haven't quite recognized it. And so you need to create a new one and this is the time to do it.

(END VIDEO CLIP)

It's about the things you and I believe in. Progressives think they know better than you and they want to control every aspect of your life. The "smart grid" isn't about saving energy or helping the planet. It's a way to make one person (the rich guy) pay more and another (the poor guy) pay less. They like to call it "social justice" or fairness; I like to call it Marxism: Spreading the wealth, equaling things out, keeping our most vulnerable on the dole.

But whatever you call it, there is one thing it's definitely not: America. I told you Monday, buckle your seatbelt, find the exit closet closest to you and prepare for a crash landing. Be prepared, it's coming. Most likely after Christmas, you'll start seeing the effects of what they are doing to the economy.

We will survive and we will thrive, because Americans are not the people that do this:

(BEGIN VIDEO CLIP)

WJR RADIO DETROIT HOST: Why are you here?

UNIDENTIFIED WOMAN: To get some money.

HOST: What kind of money?

UNIDENTIFIED WOMAN: Obama money.

HOST: Where's it coming from?

UNIDENTIFIED WOMAN: Obama.

HOST: And where did Obama get it?

UNIDENTIFIED WOMAN: I don't know, his stash? I don't know. I don't know where he got it from but he's giving it to us to help us. We love him. That's why we voted for him. Obama! Obama!

(END VIDEO CLIP)

Those are people who have been abused by the system. They've been taught they need government. They've been taught to be slaves and their master is Washington. Well, the truth shall set you free. It's coming. I saw a little bit of it on my way into New York.

I could see the USS New York. It's an amazing ship, but even more amazing when you know the story behind it. It wasn't forged with just any old steel. In the bow of this mighty ship lies 7.5 tons of steel that came from the wreckage of the World Trade Center.

I talked with some of the people who actually worked on that ship; it was a big deal to them. They were weeping as they built it. They took great pride in building that ship. That's what we need. We need to take our tragedies and turn them into triumphs. Instead, we wallow in it. But that's where America needs to go.

Of course, everyone will say "Oh, Glenn Beck is saying build a giant war machine!" You're damn right! You can keep your reflection ponds and flower vases. The terrorists kicked our ass that day. What do you say we take that steel, build a giant ship and finish the job?

— Watch Glenn Beck weekdays at 5p & 2a ET on Fox News Channel

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."

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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."

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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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