GLENN: Okay, I don't even know if I'm high atop Times Square or deep below the bowels of the Earth or I'm in China or in Russia or America. I don't even know what's real anymore because everything is upside down. It's an alternate universe. We have Chris Matthews, Chris Matthews telling America this.
MATTHEWS: But we've got everybody in the world cutting back and what's that do with the prospect of economic expansion here at home? Well, it kills it. If you are looking for good news, I have one suggestion. Stop listening to Europe, stop listening to the conservatives. Do what has worked in the past.
GLENN: It's never worked in the past. It never has worked in the past. I mean, anybody who wants to go, "Come on, Chris, we'll go head to head on the Great Depression."
PAT: Talks a little bit about that.
GLENN: Even the guy who — does he?
PAT: Yeah. He talks a little bit about the Great Depression and what worked.
MATTHEWS: What got us out of the Great Depression was production, massive industrial production to support the allied cause in World War II. We need production for this country now. We need to build rapid rail to catch up to those allies from World War II.
GLENN: Rapid rail?
PAT: Rapid rail is going to get us out of this mess.
GLENN: Oh, my gosh! I can't take it! I can't take it! Henry Morgenthau, the guy who helped design the New Deal said in 1939, it doesn't work. I wish it did work, but it doesn't work. We've tried. Now all we have is massive debt. We must stop this spending. Then World War II happened and that did employ everyone, but in 1946 we were starting to head back down. Everybody said, all of these economic advisors said, "we've got to go back, we can't just stop spending money, we can't do it, it will go back in the depression." And the Republicans — you know what, I just got a note from Ben Stein. Do you know who this was? Do you know who came up with this? Ben Stein's father is the guy who came up with, "Had enough?"
PAT: Oh, really?
PAT: Oh, wow.
GLENN: Ben Stein's father, an economist, said stop spending all this money. And the Republicans ran the campaign Had Enough. Republicans got into office, they cut spending and, boom, we created the gigantic boom of the late 1940s and early 1950s. That's what happened, Chris Matthews. But I love the fact they were now saying Chris Matthews — play that first clip again. I love this.
MATTHEWS: But we've got everyone in the world cutting back and what's that do to the prospect of economic expansion here at home? Well, it kills it. If you are looking for good news, I have one suggestion. Stop listening to Europe, stop listening to the conservatives. Do —
GLENN: Stop. Stop listening to Europe. Haven't we been saying that for a very long time? We've been saying stop listening to Europe, but no, no, no, they're enlightened, they're smarter than us, they're better than us, they know. We don't! We're ignorance, we're stupid!
PAT: And now that they're doing the right thing, stopping listening to them. But also —
GLENN: Not only that, not only that, we're not just saying stop listening to them, we are squandering a historic opportunity to unite with Europe. We are not squandering all of the goodwill that was built up around the world by hiring Barack Obama to be our leader, are we? The president isn't squandering all of the global goodwill, is he? By not listening to them, he's squandering it!
PAT: And we were so together shortly after the inauguration. They all loved us. They all loved us.
GLENN: They loved, loved —
PAT: And now...
GLENN: — loved us.
PAT: Now not so much. But here's what's interesting, too. He goes on about the rail and gives — cites some examples after telling us not to listen to Europe.
MATTHEWS: What has worked in the past? What got us out of the Great Depression was production, massive industrial production to support the allied cause in World War II.
GLENN: Pause for a second. Pause for a second. Do you notice he is not saying the New Deal got us out of the Great Depression.
PAT: No, he didn't. I was surprised.
GLENN: I was shocked by that.
GLENN: He's admitting that it was World War II.
PAT: Yeah, yeah.
MATTHEWS: We need production for this country now. We need to build rapid rail to catch up to those allies from World War II. France already has the TGV. China —
GLENN: Oh, France.
PAT: Stop listening to Europe but let's build the rapid rail like they did. What do you make up your mind. Should we be like France or not? Amazing.
GLENN: Does anybody within the sound of my voice really think that rapid rail — who thinks in the middle of the night, man, if we just had rapid rail, we would be set.
PAT: Oh, I think a lot of people. A lot of people.
GLENN: We just, if we just have rapid rail.
PAT: If we had rapid rail and we kept spending ourselves into oblivion.
GLENN: Oh, my goodness, it would be so —
PAT: Everything would be fixed.
GLENN: These guys are so — you know what? These universities that educated these nincompoops should be closed down. Should be closed down. If that's what you get out of your college education. Rapid rail? Rapid rail is the way to do it. You are a dummy. What a dope, rapid rail. What's that going to do for us? We can get the unemployed to their shopping carts faster. They are actually in Ohio. They are building a rail, rapid, rapid rail. And it will take you from Columbus to Cleveland in six hours. But you can drive to Cleveland in under three.
PAT: Yeah, it increases the time by almost a factor of three. It's almost three times as long because of all the stops.
GLENN: That's right, it's two hours, isn't it?
PAT: Yeah, I think it's just over two hours.
GLENN: Yeah, that's right. That's right. It's two hours to drive. But —
PAT: But you can take the train.
GLENN: And get there in six.
PAT: And pay more probably.
GLENN: That is — probably?
PAT: Now how much would you pay?
GLENN: Probably, when you figure in the taxes?
PAT: Well, yeah. Oh, yeah.
GLENN: Now, who is going to do that? Man, if I could still live in Columbus but I could work in Cleveland and I would only have to get to the train station by 2:00 a.m. to be there by 9:00.
GLENN: It would be great. Be great.
PAT: Where if I drove, I'd have to sleep in clear until, like, 6:00.
GLENN: And then if I get — I get off work at 5:00, get to the train station, get on the train, I could be home by midnight to be at the train station by 2:00! It's fantastic! Rapid rail, who could say no? And they are — seriously that's the stimulus package.
PAT: Well, it works in France, but don't listen to Europe.
GLENN: They don't work in France.
PAT: No, it does.
GLENN: No, no, no. It might. They don't.
PAT: They don't.
GLENN: They don't. The French don't work. No, seriously, seriously, America, we're going to pull ourselves out of this with rapid rail and the Peugeot. If we could just, if we could just start building Peugeots, we are going to be set.
PAT: I haven't heard that theory yet.
GLENN: The Peugeot theory?
PAT: I think that's new. I think that's new.
GLENN: Well, you'll have to have a pipe in your mouth when you talk about the Peugeot theory. It's the Peugeot theory of economics where you sit around, you do very little, you don't let anybody be fired, you'll retire at 50 and you build Peugeots.
GLENN: Oh, we like to talk about it at the coffee shop and the cafes. Oh, watch the street urchins.