PAT: Oh, that's not bad.
GLENN: Well, —
PAT: That's not bad. That's not trillion, right?
GLENN: It's only four times the budget shortfall from last April.
PAT: That stinking Bush.
GLENN: No, those are both —
PAT: Oh, that George W. Bush.
GLENN: No, that was at the height of every — we're past it all now. We're at the height last year when we were bailing everything out and
PAT: Well, no, they inherited. They inherited this problem, right?
GLENN: The $20.91 billion shortfall, that was the excuse.
GLENN: Well, what is the, what is the record $82.69 billion, four times last year?
PAT: Well —
GLENN: By the way, it was more than twice the $40 billion deficit that the Wall Street economists surveyed by Reuters had forecast. Twice the size of what every, what every expert said and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue. So in other words, this is the month we make our most money and we still had four times the budget deficit for the month. In prior years there was a surplus in April 43 out of the past 56 years. The government now has posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.
PAT: Well, look. What I have said in the past is...
PAT: They inherited a problem that was far bigger than they imagined and this problem was just so big, they had to do some — they didn't want to do these things. They don't want to spend this money. They had to. They had to to save, to pull us back from the brink of the economic collapse.
GLENN: Why is it I don't believe any of that?
PAT: This notion that he's caused a problem four times the size of George Bush...
GLENN: Now, he has, he has now done a couple of things here. He's — they have just interviewed — just introduced and Barack Obama has come out, the new cap and trade bill and he want they don't call it cap and trade, they don't call it climate bill. They are calling it America's power bill?
PAT: Power bill.
GLENN: Power act. And it is all about power, believe me. In this bill it talks extensively about the carbon exchange. We're exposing that now in Crime, Inc. In the bill they also offer incentives for Americans to move overseas for jobs. The new energy bill, the new power bill offers incentives for Americans to leave America and go overseas for a job. They pay for relocation costs. I'm sorry. What? In this bill they also — because remember, this is a jobs creating bill. Well, if it's a jobs creation bill, that's fantastic. It is. I told you that this bill has been tried or this kind of idea, cap and trade, been tried over in Europe, fails miserably. In Spain you lose two jobs for every one job you create.
STU: Don't spin it, Glenn. It's 2.2 jobs you lose for every job you create.
GLENN: I'm sorry. Thank you, Stu. It's failed miserably. Maybe that's why also in this bill it increases the time that you can collect unemployment and healthcare, all covered by the United States government. Plus the incentives of moving overseas if you can find a job some place else. What are we doing here? We are watching the systematic dismantling of the United States of America, period. That's all it is. We're not even talking about Republicans and Democrats anymore. We're talking about the survival of our country. And tonight at 5:00 I'm putting together the chalkboards, you will see it, All the President's Men. And I'm going to show you what all of these people believe, what all of these people have said and how it's all now fitting together.