Big Oil vs. the Fed: Double Standard?

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Barack Obama is talking about taxing those big, bad evil bankers to make up for losses on the bailouts and he's reviewing end of the year bonuses; can't have those greedy bankers making any profits — oh no. Confiscating profits is becoming standard fare in Washington: When a company makes "windfall profits," like when gas prices recently soared, politicians went after oil executives.


THEN-PRESIDENTIAL CANDIDATE HILLARY CLINTON: The other day, the oil companies reported the highest profits in the history of the world. I want to take those profits ...


That evil Big Oil!

While you were barely scraping up enough cash to fill up your car and get to work, those greedy monsters were raking in record bonuses and profits, stealing food right off your dinner table, starving your children — how dare they!

Our politicians — because they care about you — took brave action and dragged oil executives to Washington, D.C., to give them a lecture. And now they're going after the banks.

But there's another company who's making obscene "windfall profits": the Federal Reserve. They announced a "windfall" of $52.1 billion ... hmmm, an entity independent of the government making "record profits" (their biggest ever).

You've seen the reaction to the banks. You've seen the reaction to Big Oil. But so far, nothing on the Fed. Hmm. Where are these people on the Fed?


REP. MAXINE WATERS, D-CALIF.: And guess what this liberal would be all about? This liberal will be about socializing ... uh, um ... would be about, basically, taking over and the government running all of your companies.

SEN. BYRON DORGAN, D-N.D.: Your profits are very handsome. In fact your individual compensation is very substantial. You’re doing really well, on the other hand there’s dramatic pain for consumers.

CLINTON: We should have a windfall profits tax on these outrageous profits of the oil companies …

THEN-PRESIDENTIAL CANDIDATE BARACK OBAMA: I have strongly called for a windfall profits tax …

CLINTON: The best way to do that is to construct and apply a windfall profits tax …

SEN. DICK DURBIN, D-ILL.: The idea of a windfall profits tax which I support

THEN PRESIDENTIAL CANDIDATE JOHN MCCAIN, R-ARIZ.: I don’t like obscene profits being made anywhere.

REP. ED MARKEY, D-MASS.: There should be a commitment that each of you make – I would recommend that 10 percent of your profits go into renewable energy projects.


Shouldn't our politicians be outraged to learn that the Fed made more in “windfall profits” than ExxonMobil? Well, if they were upset, it's hard to tell because there are no dog and pony show hearings scheduled. No one is threatening to take profits. No one is saying anything.

Why is it politicians are outraged at Big Oil, even though they kept profit margins low during the high gas prices, but when the profits benefit then there is no complaint?

The Fed raked in $52 billion for what, exactly?

• It was created in part to stop bank panics. How’s that one working out? Can you think of any big problems with the banks in recent history? Hmm, that's a tough one.

• The Fed was also created in part to bring economic stability — in other words — no more big bubbles bursting. Hmmm, can you think of any bubbles (cough, dot com; cough real estate) that have burst lately? That's another tough one.

Where are the politicians on this? When are the hearings? I'd like some answers. Will there be any penalty on the Fed? Who are they in bed with? Why can't we audit the Fed?

We are no longer a nation of laws. The double standards demonstrate this clearly:

• If you are Exxon and you make profits, well government needs to take that! But the Fed? Politicians turn the other cheek.

• AIG and Bank of America execs can't have bonuses. But Fannie or Freddie? No problem!

• If you don't pay income tax, off to the slammer you go. But Charlie Rangel or the 50 employees in the executive office of the president who currently owe $812,917 in taxes? Nothing!

• Trent Lott says nice things about an old guy at his birthday party — he's shamed, fired. Harry Reid calls Obama “light skinned” and without “Negro dialect” — he gets supported and defended.

• If you try and give your family the best health care plan, a “Cadillac plan,” you get socked with a 40 percent tax. But if you are in the right union, you are exempt

Today it's more about who you know than the rule of law. Robert Creamer steals $2.3 million from banks and he's excused by Democrats because he was helping the poor.

No: It's either right or it is wrong.

When we start caving because of the R or the D or justifying breaking the law because “the ends justify the means,” we're finished. We are supposed to be a nation of laws, not the nation of favors. Washington told us this was the secret of the republic: We are a nation of laws, not of men. Now it only seems to matter what man you are or what man you know.

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Christians are conflicted when it comes to President Donald Trump. Some proudly support him and his policies, while others just can't accept the man behind the boorish language.

Ruth Graham, daughter of the late evangelist Billy Graham, joined Glenn Beck on "The Glenn Beck Podcast" this week to make a case for the president from a Christian's point-of-view.

Watch a the clip from the podcast below:

Watch the full interview below:

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WATCH: Dem goes to Trump rally and realizes Dems are screwed in 2020

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On Thursday's radio program ,Glenn interviewed Dr. Karlyn Borysenko, who described what it was like attending a President Trump rally as a Democrat. She told Glenn Beck that crossing party lines is nearly forbidden in liberal circles but she branched out anyway — and learned quite a bit about the other side.

Watch the video below for more on this story.

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Ryan: Bernie at the airport Holiday Inn

Photo by Sean Ryan

(Part One) . (Part Two). (Part Three).

Some poor guy booked a hotel at the Holiday Inn Airport Conference Center in Des Moines on February 3, 2020, assuming it would be a harmless Monday night. Only to find himself in the middle of an overflowing Bernie rally on the night of the caucuses.

For the record, the man was not a Bernie Sanders supporter. Far from it. He popped his head backward when I told him where I work, smiling. Well, grinning, to be precise.


After her speech, Klobuchar wandered into the crowd, immediately submerged. Selfies. Everybody wanted them. A minute later, the other candidates began to appear on screen, giving speeches.

"Bernie," asked Justin Robert Young, host of Politics Politics Politics.

"Bernie," I said, and we paced to the car and lurked out onto the depopulated streets and the trenchant cold. But we were both bright with excitement, a couple of detectives. The valet attendants in their satin outfits saw two oddities, and they were right.

Justin Young and I had just left the Des Moines Marriott Downtown for Amy Klobuchar's "Amy for America caucus night party." She gave her speech, in a brilliant maneuver. I skated the Nissan down empty streets, quietly listening to Bernie's speech on the Iowa Public Radio station.

"I love this, what we're about to do," I said, gripping the wheel, words hurried, leaning forward, tapping my left boot. "We're going to hear Bernie talking, then we'll park, then walk through some doors and we will stroll into that very room as Bernie is giving the speech that's being broadcast to millions of people."

It was like how in the game Mario Bros., Mario can jump into giant green storm drains, occasionally. Like leaping into the television and joining the cast.

"There's nobody out on the roads," one of us said. "Holiday Inn, right up there." As broad-winged commercial airplanes floated overhead. We scoured for a parking spot and each second felt wasted. Urgent. We needed to be inside that hotel. But there was nowhere to park. Even the illegal spots were taken. Cars had creviced every inch of parking lot and curb and all that, had even jammed into dark pyramids of sludge.


Rita Dove wrote, "I prefer to explore the most intimate moments, the smaller, crystallized details we all hinge our lives on."


There were so many more journalists press at Bernie's event that the only media spots left were in the overflow room, which itself seemed at capacity. Dank, too. With a heavy vibe, like a sinister library.

The entire hotel exuded gloom. A quietness you hear in locker rooms after a game that should have ended differently.

Bernie supporters, dazed, stomped out into the snow, or to the bathrooms, or just in need of a bit of stomping.


Back to Beechwood Lounge, where we watched the Super Bowl a day earlier. Although it felt like a week had passed since then.

Approaching midnight, by that point.

Because Justin consumes politics with an all-encompassing urgency. As if it's a duty. He's clearly studied history and politics for years. Part historian, part political scientist, but also part reporter and part comedian. On one hand, he's guided by the old school approach to journalism. Objectivity. Solemnity. Accuracy.

An American has the right to tell nobody who they voted for. Or maybe it's a cultural thing.

Snow everywhere you look, piles of it full of gas and oil, and rubbish as well. That day was unseasonably warm. The next would plummet us into literal freezing. The kind of day that slows everyone down. With all that ice, you have to be cautious about every step.

Shame is for the uninitiated.

Thanks for reading. New stories come out every Monday and Thursday. Next week, a look at Socrates' sarcasm and Cardi B's political aspirations. Check out my Twitter. Send all notes, tips, corrections to

In 1990 Michael Bloomberg's employees created a short book full of crude, sexist, and shocking quotes he allegedly said at work, including one story that has him telling a female employee to "kill it" after she announced she was pregnant. Sadly, that story has him fitting right in with the Democratic party in 2020.

The booklet, titled, 'Wit & Wisdom of Michael Bloomberg,' has resurfaced to haunt the Democratic presidential candidate after "The Washington Post" published the full text on Saturday.

On the "Glenn Beck Radio Program" Monday, Pat Gray and Stu Burguiere (filling in for Glenn) shared some of the less colorful (many were too lewd to be repeated on radio,) but no less disgusting quotes.

Watch the video below:

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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. Use code GLENN to save $10 on one year of BlazeTV.