GLENN: The market collapsed over the, what was it, Friday? What was it down? 300 points? Things are not so bad necessarily today at this point. Hopefully they don't, but when the president gave his speech on the census jobs, I found it phenomenal. I found it absolutely incredible. It's 50, Pat, Cut 50 out of Pat's audio vault. The president comes out and says, you know, okay, so we've created, what, 400,000 something jobs and they are all temporary and they are all part time, and he expected people to go, oh, well, that's good.

PRESIDENT OBAMA: This is the fifth month in a row that we see job gains.

PAT: The audio's kind of bad.

PRESIDENT OBAMA: And while we recognize that our recovery is still in its early stages and that there are going to be ups and downs in the months ahead — things never go completely in a smooth line — this report is a sign that our economy is getting stronger by the day.

PAT: By the day.

PRESIDENT OBAMA: Now, I want to emphasize that most of the jobs this month that we're seeing in the statistics represent workers who have been hired to complete the 2010 census.

PAT: Oh.

PRESIDENT OBAMA: So these are temporary jobs that are only going to last until the fall.

PAT: Okay.

PRESIDENT OBAMA: And that won't be reflected in future jobs reports. But even if you put those temporary jobs aside, there's no doubt that we saw another month of private sector job growth.

PAT: There's no doubt.

GLENN: No doubt. Stop.

PAT: That's critical, Glenn.

GLENN: What was it, 40,000?

PAT: 41,000. Don't try to downplay it.

GLENN: No, no.

PAT: 41,000 strong.

GLENN: I'm going to show you tonight on television, I don't have the numbers in front of me, but it's along the signs of the census 10 years ago cost us, what was it, $4 billion?

PAT: Something like that, yeah.

GLENN: And now it's $14.5...

PAT: Billion.

GLENN: So but that's.

PAT: Whatever.

GLENN: That's it.

PAT: I mean, we're counting people.

GLENN: But that's it.

PAT: What, you think that's cheap? I mean, we don't just line up for them and, 1, 2, 3 —

GLENN: Here is the

PAT: 299,988,376 — 299 million —

GLENN: Here's the latest from a socialist website.

PAT: 987?

GLENN: And I want you to — I want you to hear this. What Karl Marx wrote in the Communist Manifesto that a spectre is haunting Europe. He did so on the eve of the revolutionary eruptions that began in Italy and France in 1848 and engulfed much of the European continent: In recent days a number of media commentaries have predicted a similar eruption in social unrest of revolutionary dimensions as a result of the worsening economic crisis. These warnings are accompanied by dire predictions that Europe will suffer the return of nationalist tensions, the emergence of fascist movements, and even war. Remember, it doesn't say anything about communism's return because this is a socialist website. So it doesn't — I mean, that's a good thing. But they quote — the reason why I read this is because they are quoting sources in Europe. Writing in the Financial Times on May 24th, historian Simon Schama said, quote, far be it for me to make a dicey situation dicier but can't you smell the sulphur in the air right now? How are you not thinking we might be on the threshold of an age of rage. In Europe and America there is a distinct possibility of a long hot summer of social umbrage. Schama notes that there is often a lag time, quoting, between the onset of economic disaster and the accumulation of social fury. But after an initial period of fearful disorientation, there comes a danger of the organized mobilization of outrage, the organized mobilization of outrage. This outrage will be directed against the super rich and those seen responsible for the crisis. He writes, comparing our own plutocrats with the financiers are so memorably targeted that were targeted during the French Revolution of 1789 as rich egotists. Let's just remember, where did those rich people end up? In the guillotine.

The Observer in Europe May 30th, Will Hutton, former editor and now adviser, writes, The future of Europe is in the balance. The potential disintegration of the euro will be a first order economic and political disaster. Economically, it will plunge Europe into competitive devaluations, debt defaults, bank bailouts, frozen credit flows, trade protection and prolonged stagnation. Politically, whatever resolve there is to hold our disparate continent together, where the old enmities and suspicions are never far from the surface, will evaporate.… What will emerge will be a Europe closer to the 1930s. Fearful, stagnant and prey to vicious racist and nationalist ideologies.

Then in a German newspaper, Deutsche Welle — I'm sorry, this is a broadcaster, Deutsche Welle, Germany's international broadcaster, May 26. Return warnings made in 2008 on the impact of global economic collapse, those comments were made by UN security — sorry, UN secretary general Ban Ki moon, plus the head of the IMF, the head of the World Bank. The head of the World Bank said, I warn that there may be, quoting, social unrest. It may happen in many countries, including advanced economies. Deutsche Welle writes that these warnings are closer today, quoting, than at any other time since the current financial crisis, the worst since 1929 began. Citing the demonstrations by hundreds of thousands in Greece, it warns the same fate can engulf financially fragile European governments like Spain, Portugal, and Italy. And that nations all around the world are concerned about rising social discontent. There is a feeling among experts that the deep seated anger brewing in these countries is fermenting worldwide against the same institutions, the same people, and the failure of Global Capitalism. The risk of regime threatening instability from which the United States will not be immune is a growing crisis. This is Dennis C. Blair, the U.S. Director of National Intelligence. Deutsche Welle concludes that with comments by Marie Caillol, president of the European laboratory, blah, blah blah, blah blah, she says, this crisis is directly connected to the end of the world order as we know it since 1945 and even earlier since the European colonialization process. Therefore, the whole global fabric centered on the U.S. for 60 years, is slowly collapsing, generating turmoil of all sorts. Where does it end? She replies, war. It is as simple and as horrifying as that. They claim now that agitators are behind the wave of social unrest. There are no organizations behind this response. It's a public response, says Celente, blah, blah blah, blah blah.

What they are talking about here is, first of all, all of the people now in Europe, all of these great minds and historians are all starting to come together and say the same thing. What the socialist website doesn't point out is the role that they are playing. They are the ones, the communists and the labor unions are the ones that are sowing the seeds of discontent. You are soon now going to see a religious element come out of it, and it will be an Islamic extremist element. I don't even know why I just said that. I hope I'm wrong. Look for those who have power to gain, if the world becomes unstable. What is happening over in Europe will happen here. It is already happening. SEIU is sowing the seeds of discontent. The labor unions in California with the educational reform where it is — what was it? Defend Education Now. That is a socialist and union led protest. We are going to be pitted against each other, and what will save us is if we understand this in advance. So when they play this, we have to reach out to our police officers. We have to reach out to our teachers.