Glenn Beck: Breaking Down Year One of the Stimulus





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

Let's rewind the clocks to one year ago. America needed the stimulus package. We couldn't live without it. That's what our leaders were telling us then:

(BEGIN VIDEO CLIPS)

SPEAKER OF THE HOUSE NANCY PELOSI: Failure to act quickly can only lead to more job losses and more economic pain for Americans.

PRESIDENT BARACK OBAMA: I don't believe that it's too late to change course. But it will be if we don't take dramatic action as soon as possible. If nothing is done, this recession could linger for years. The unemployment rate could reach double digits.

The situation could not be more serious.

It's time to pass an economic recovery and reinvestment plan to get our economy moving.

VICE PRESIDENT JOE BIDEN: This is about getting this out and spent in 18 months, to create 3.5 million jobs and to set — tee this up, so the rest of the good work that's being done here literally dropkicks us out of this recession and we begin to grow again.

(END VIDEO CLIPS)

Yes, America might not recover if we didn't borrow more money from places like China and then recklessly spend it.

So, how has the plan worked out? Vice President Joe Biden had this glowing review:

(BEGIN VIDEO CLIPS)

BIDEN: This act, along with everything else we did, helped us avoid a depression. It also succeeded in saving or creating 2 million of jobs so far.

It was designed to have two stages to it. We've only been halfway through the act. The job creating portions are really loaded in the second half here and the major projects that are going to be being built but yes, they have gotten money's worth.

(END VIDEO CLIP)

Two stages? Was the first stage just to waste our money? That's new to me. Did you know that? Well it's good to know that they didn't work on job creation in the first part, because unemployment has gone from 8.2 percent to 9.7 percent. And there was no intent to restore the economy either: America owes $1.6 trillion more today than we did a year ago.

I can't tell you how many people I meet who now have jobs because of the stimulus. If I had a dollar for every time I ran into someone positively affected by the stimulus, I'd have well...

Anyway, the president offered his assessment today:

(BEGIN VIDEO CLIP)

OBAMA: The Recovery Act was never intended to save every job or restore our economy to full strength. No bill or government program can do that. Businesses are the true engines of growth. Businesses are the engines of job creation in this country.

(END VIDEO CLIP)

Did I hear right? The president said that government can't restore the economy? That's weird, because I think it was about a year ago when he told America this:

(BEGIN VIDEO CLIP)

OBAMA: The federal government is the only entity left with the resources to jolt our economy back into life.

(END VIDEO CLIP)

But now that it's not working, seems he's playing a different tune. Valerie Jarrett chalked the bad wrap on the stimulus over PR struggles: "It's hard to get out positive news stories when people tend to focus on what's going wrong as opposed to what's going well." She added that the administration has "not done a good enough job explaining" how the plan has helped people.

I can't take it anymore.

Mr. President, we can hear your! The American people can hear you! And you and the people who have done this to the American economy are about to hear from us.

Let's say you broke your leg. You go to the hospital and your leg is fixed. And you get back on your feet — you're feeling good. You don't need the doctor to say, "You don't have a broken leg anymore." Same with the stimulus: If it were actually helping people, Valerie, you wouldn't have to explain it better.

In fact, it's working so poorly that polls show that more people believe Elvis is alive than believe the stimulus actually worked.

That's how much of a disaster this thing has been. I mean, Joe Biden is in charge of it. What did you expect?

Only about a third of the stimulus money has been spent. Wait, I thought it was an emergency? Anyway, what about those lucky people who actually got money? Who are they? One lucky recipient was Serious Windows, a small window manufacturer. In a strange, unrelated coincidence, the VP of policy for Serious Windows happens to be married to Obama's weatherization "czar" Cathy Zoi.

Small world, huh?

And now, many of the places that received money from the stimulus package — like schools who were struggling — well, the money has dried up and now they are broke again. This wasn't about creating jobs. None have been "created," they just prolonged the inevitable and, in the process, wasted taxpayer money.

But that's not stopping the White House from coming out and saying that it saved us from another Great Depression. Really? I thought that was TARP's job.

No one will tell you the truth. You know, before they announced it, I was actually for some form of TARP and the reason was, if you can just hold off the collapse for a while, you can use that time to wake people up, help them to prepare. But they haven't used it for that. They've used it to convince us that everything is just dandy. We fixed that mess George W. Bush made, huh? And they are using it for the fundamental transformation of this country. Want something to pass? Don't worry about it; we'll jam it in the next stimulus. Congress is being circumvented and is becoming irrelevant.

Fundamental transformation or restoration; one of the two is heading our way.

I can't say it enough: prepare. Use this time wisely. While they argue over which jobs were "saved" and look for Elvis, save your money. Get out of debt. When a store is offering two for one, do what your grandparents did. Most importantly educate yourself. Know history, the Constitution.

If I'm wrong (and I hope I am) then no big deal. Better safe than sorry. When has that been bad in America? Ben Franklin would be proud. But I beg you to consider that the worst is not behind us. It's yet to begin.

Two stories to pay attention to from the last 24 hours:

• China: Data just released showed that foreign purchases of U.S. treasuries fell in December, the largest on record

Remember, China is our bank. They are loaning us the money. Experts said they'll never stop buying them. Not only are they not buying, they are getting rid of them. Their cut in debt purchases is their lowest level in a year and makes Japan now the United States largest holder of our debt. Actually, the largest holder of our debt is the Fed. That's your right pocket selling it to your left pocket.

• Greece: Economists are now saying that the U.S. is actually in worse shape than Greece is.

Have you seen what's going on in Greece? They are bankrupt. Overall debt was 113.4 percent of GDP. Hmm, out-of-control debt and deficits plus no slowdown in government spending; where have I heard that before?

Their weak finances are threatening the EU and the EU just punished Greece by stripping them of their right to vote at critical meeting next month. Greece is the cradle of democracy. It means Greece has no more sovereignty in the EU. California you'd better pay attention.

We're doing the same things. And did you see Great Britain is dealing with "unexpected" inflation?

Oh Glenn, that could never happen here in America!

Really? How did Great Britain get to this point? Let's see:

They socialized their medicine. We're following their lead on that one

They pushed the risky mortgages. We followed their lead on that one too

They took over the banks. We followed their lead on that one with TARP

They printed more money. We followed on that one too

And now they have inflation? Guess who's also going to be following that one?

Please, remember your grandparents' fruit cellar. Use the time wisely. Again, the reason why I was initially for some form of TARP was so we could buy time. Prepare. Protect anything that we do have that's healthy. And at least we'd have something left to restart the engine after it stalls. We're America. We'll make it! We have to use common sense.

And don't tell me that the politicians don't know. Look at Evan Bayh and Patrick Kennedy. Why do you think they are out now? Bayh had a 20-point lead. He's getting out now so there's something left of his reputation.

Put yourself in a self reliant situation. You will weather the storm. You'll do more than that, you'll thrive and you will lead. Because, deep down inside — and maybe you've forgotten — we're Americans. We're the ones that come when the chips are all down and the game is about to be lost. That's when we are at our best.

Prepare. Just in case of the off-chance that this stimulus package — in phase 2, 3, 4 or 5 — doesn't work out like they planned.

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

Bill O'Reilly joined the "Glenn Beck Radio Program" on Friday for his weekly take on the 2020 presidential race.

O'Reilly emphasized what a dangerous candidate socialist Sen. Bernie Sanders (I-Vt.) really is, and how the media is working to mislead voters by depicting other Democratic candidates, such as former South Bend, Indiana, Mayor Pete Buttigieg, as "moderate."

"The Democratic Party has been hijacked -- and this is no breaking news -- by the progressive left. Which is now being enabled by the national media," said O'Reilly.

"Bernie Sanders is a dangerous man. In any sane time, media time, that would be clear to everybody. But it's not," he added. "It's like, 'Oh, there's uncle Bernie and he just wants to give stuff away. What a great guy.' [He's] not a great guy, all right? He's a totalitarian. He'll take your freedom, in every area, away. Every area. There isn't one area, that Bernie Sanders wouldn't intrude upon, in your personal freedom. Yet, that's not reported. You don't know it unless you pay attention. It's all a bunch of dishonest blather that has obliterated the so-called moderate Democrat. And there are millions of those people. They don't know what to do because they have no voice in the media."

Glenn pointed out that the media has been "trying to make Pete Buttigieg into a moderate" ever since his strong showing in the Iowa caucuses last week.

"So, Pete Buttigieg: Harvard grad. Rhodes Scholar. Brilliant man, he is brilliant. Great speaker. Almost as good as Beck and I. Not quite, but almost," O'Reilly said. "He's only 38, all right? So, the guy goes out and runs for president after being the mayor of South Bend, Indiana, for eight years, and almost destroying that city. The city is in chaos, yet he's re-elected with 80% of the vote the second time. That's what a good BS'er Pete Buttigieg is.

The two went on to break down Buttegieg's radical policy plans on immigration, abortion, gun control, and more.

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

On the radio program Thursday, Glenn Beck and his chief researcher, Jason Buttrill, have uncovered new evidence that suggests the coronavirus death toll numbers coming from China are grossly inaccurate.

After vetting several deep-fake videos circulating on social media, Jason unearthed shocking whistleblower-videos released by citizens of the communist state that show entire warehouses filled with body bags, along with other atrocities.

Jason and Glenn break down the real numbers and discuss the possibilities of the outbreak coming to America. Watch the video below for more details:

Don't miss next Wednesday's TV special on the coronavirus in its new time slot at 9PM ET.

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


Former South Bend, Indiana, Mayor Pete Buttigieg has surged in the polls in the past month.

With former Vice President Joe Biden dropping below far-left presidential candidates such as the unapologetically socialist Sen. Bernie Sanders (Vt.), and the almost equally extremist Sen. Elizabeth Warren (Mass), Democratic voters seeking a more moderate alternative are setting their sights on Mayor Pete.

But are Buttigieg's policies actually moderate? Not even close, Glenn Beck said Thursday on the radio program.

"[Pete Buttigieg] wants people to see him as a moderate. The mayor of a Midwest city in a red state ... and he's going for the middle, even though he is not a moderate candidate in any way," said Glenn.

Here are just a few example of where Buttigieg stands on the issues:

  • Supports late-term, partial-birth abortion
  • Eliminate the Electoral College
  • Buyback program for assault weapons
  • Raise the federal minimum wage to $15/hour
  • Expand Medicare
  • Decriminalize illegal immigration
  • Pay for infrastructure through changing taxes on corporations, the wealthy
  • Study reparations
  • Legalize marijuana
  • Increase existing taxes on upper-income Americans
  • Cancel some student debt
  • Don't use tariffs to pressure countries
Watch the video clip below for more information:

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.

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

An official at the World Health Organization (WHO), the United Nations' health agency, has issued a warning, calling the coronavirus "the worst enemy you can imagine" and more of a threat than "any terrorist attack," during a media briefing on Tuesday.

Dr. Tedros Adhanom Ghebreyesus, WHO's director general, said that a vaccine for the coronavirus will likely take 18 months to develop. The virus has reportedly killed hundreds and infected tens of thousands of people, primarily in China.

"To be honest, a virus is more powerful in creating political, social and economic upheaval than any terrorist attack. It's the worst enemy you can imagine," added Ghebreyesus.

On the radio program Wednesday, Glenn Beck noted that the same agency in charge of developing this life-saving vaccine, has taken the time to officially change the disease's name to COVID-19, citing the concern of "stigmatizing" any specific geographical location, individual, or group of people.

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.

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