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TERMS OF USE | PRIVACY POLICY

Live

Geithner pressed by...David Gregory?

November 04, 2009
 Radio Clips

The Glenn Beck Program


Tim Geithner on Meet the Press

PAT: What did Tim say?

STU: Well, I believe as Glenn pointed out yesterday, scattered showers of journalism

PAT: Yes.

STU: have been appearing all over.

PAT: It's kind of weird.

STU: And I believe David Gregory might fit in here. He pressed Tim Geithner pretty hard.

PAT: Wait a minute. David Gregory broke out into a scattered shower of journalism?

STU: Yes. It's shocking.

PAT: Wow.

STU: It's absolutely stunning.

PAT: It is.

STU: This is audio from Meet the Press this weekend.

GREGORY: Could you have had more impact if more of that money were paid out? You still have about $500 billion of the stimulus that has not been paid out yet? How long will it take to get paid out?

GEITHNER: Actually again it was designed to pay out over two years because we knew it was going to take a long time to repair the damage we started with earlier this year. So it was designed to pay out over this period of time and I think it's actually delivering better results sooner than we would expect. I think we

STU: Stop for a second. It's Pat, I don't know if you heard that. Better results sooner than they would have expected.

PAT: Better results. And even sooner than they would have expected.

STU: Right. So what is the first thing that pops into your mind?

PAT: For the better results?

STU: For the better results than they may have expected sooner.

PAT: Well, 10% unemployment springs immediately to mind.

STU: I think everyone who's watching it says, hey, dude, you had that graph you showed us where unemployment didn't go over 8% and it didn't go over 9% even if they did nothing.

PAT: We had to pass it in the next 15 minutes.

STU: Right.

PAT: Or unemployment could conceivably be 8%.

STU: And we all saw that thing.

PAT: Yeah.

STU: We were there, and we saw it on TV and on the Internet. We know what you expected. You told us in advance what you expected. But you're watching David Gregory. You are probably not thinking he would ring such a thing up. Am I correct?

STU: You are correct.

PAT: Listen in.

GEITHNER: Better results sooner than we would expect. I think we're seeing better outcomes in the financial sector and he economy than any of us would have thought when we sat there with the president in Chicago at the end of last year.

VOICE: Well, but that's not exactly true because the president's seem said you keep unemployment to 8% if you didn't have the stimulus.

GEITHNER: Right, but unemployment is worse than almost everybody expected.

STU: Well

PAT: Well, the unemployment.

STU: It's working better than we expected except for unemployment.

PAT: Except for nobody has a job. Okay, other than that.

STU: The economy is literally a dream world, where milk shake waterfalls are all over the place. You could just pick up any flower and it's made of candy.

PAT: And to enjoy this marvelous you don't need a job.

STU: No. With the exception of the jobs, then your economy is perfect.

PAT: Perfect.

STU: Luckily money falls from the sky all the time.

PAT: It does. It does.

STU: In new America. All right, this is Clip Number 2 here and I mean, Geithner just keeps going.

VOICE: Let's talk about claims of success about jobs. The White House says 640,000 jobs have been created or saved by the $800 billion stimulus.

STU: Hold on a second. This is interesting because this is their claim. 600,000 jobs have been created by the stimulus so far.

PAT: Or saved.

STU: Sorry, or saved. Created

PAT: You can't forget the saved category because that's an important one.

STU: It's really important. This is the latest breakdown here. If you take the administration at its word, the stimulus package has created 640,329 jobs.

PAT: It's created that many?

STU: Or saved.

PAT: Or saved.

STU: With the $207.3 billion of the stimulus money spent so far, that works out to $323,749 per job.

PAT: Per job? That's created or saved?

STU: Yes. And this is their bragging number. This is the number that no one in their right mind could possibly believe. This is their front page advertising. This is, you know, this is, you're going to lose weight while you sleep. It's the equivalent of that. And it's still that crappy at $323,000 per job.

PAT: So does he push him on that?

STU: He does a little.

PAT: Or is he done?

GREGORY: There are Republicans who say the number is bogus, that it's just PR. John Boehner, leader of the Republicans in the House as you well know circulated a quote from an economist at Carnegie Mellon University and I'll put it up on the screen and you can look at it. One can search economic textbooks forever without finding a concept called jobs saved. It doesn't exist for good reason.

PAT: No way!

GREGORY: How can anyone know that his or her job has been saved? You've got a lot of experience in the economy. Is this PR or fact?

PAT: Wow.

GEITHNER: This is fact.

PAT: This is fact.

GEITHNER: Again, when the president took office, this economy was falling at the rate of 6 1/2% an annual rate per year.

PAT: 700,000 jobs a day.

GEITHNER: Fastest rate in decades.

PAT: Practically a minute.

GEITHNER: We were losing three quarters of a million jobs a month. Now, the pace of job loss has slowed dramatically.

PAT: Nancy Pelosi said 500 million a month.

GEITHNER: The economy's now growing again. It's growing not just because the effects of the Recovery Act. Many people opposed the Recovery Act, said it wasn't going to work. It's working.

PAT: It's working.

GEITHNER: It should produce. The average American has saved almost 35% since the beginning of the year. Interest rate's down

PAT: I can't take it anymore.

GEITHNER: And they are delivering what they are designed to deliver.

STU: There's more journalism coming up.

PAT: Really okay.

GREGORY: How do you measure that?

GEITHNER: It's not something economists recognize as actual fact.

PAT: Wow.

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

PAT: Have you noticed this scattered shower of journalism started breaking out when Fox News began getting assailed.

STU: Yeah, yeah.

PAT: This started about a month ago when the White House said a month ago Fox News was not a legitimate news service, we don't want them included, we don't want you to think like they do, we don't want you to will follow up on the stories they are following up on. We don't want you to even look at Fox News. And maybe that, maybe that sent a shock wave.

STU: Yeah.

PAT: Through their journalistic sensibilities. Maybe, boy, if we don't act now, we're not going to be able to.

'I don't give a damn whether they come voluntarily or under subpoena': Ted Cruz fights for tech CEO hearing BEFORE election

Photo by Ken Cedeno-Pool/Getty Images

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:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

TIMELINE OF CORRUPTION: Biden’s nefarious ties with communist China exposed

Pete Linforth/Pixabay

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.

Peter Schweizer: Hunter Biden's jailed former business partner flips, grants access to NEVER-before-revealed emails

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:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

O'REILLY: The Left HATES Trump so much, they'd rather vote for the 'senile, corrupt guy'

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:

Want to listen to more Glenn Beck podcasts?

Subscribe to Glenn Beck's channel on YouTube for FREE access to more of his masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, or subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.