Glenn Beck: 1932 All Over Again?




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Congress couldn't agree on a budget, but don't worry about that. House Democrats have "deemed" the new $1.1 trillion budget as passed. "Deem and pass" allows Democrats to start spending money in 2011 without having to follow any real budget.

Meanwhile, President Obama's budget director, Peter Orszag, is now leaving the White House. He said, "I want to emphasize that it would be inaccurate to say that I have told the president personally that I'm leaving because of concerns about our fiscal policy."

Hmm. That's odd.

And former Clinton Labor Secretary and Obama economic adviser Robert Reich just came out and said: "The economy is still in the gravitational pull of the Great Recession — all the booster rockets for getting us beyond it are failing"

So big government is failing spectacularly and after a year and a half of Obama, it's starting to feel like 1932:

The average time needed to find a job has risen to a record 35.2 weeks

The budget deficit is above 10 percent of GDP

Home sales are down

Retail sales are down

9.2 million people are unemployed

But despite all of this, President Obama is taking a victory lap around the country. He's calling it "Recovery Summer." That's about as ridiculous as if BP went around the country right now to promote their environmental safety record. It doesn't add up.

History shows us, time and again, that big government spending is simply not the answer to national economic problems. But, here we go again down the big government path.

How does it keep happening?

Part of the problem is we have too many politicians like Pete Stark from California. Stark is a founding member of the Progressive Caucus and, as I showed you last week, he embodies everything about progressives we told you about: They think they are better than you.

Last week Stark was mocking the Minutemen over border security. Now listen to him in this interview with journalist Jan Helfeld about the national debt:

(BEGIN VIDEO CLIP)

REP. PETE STARK, D-CALIF.: The national debt measures the wealth.

(CROSSTALK)

STARK: The wealthier we are —

JAN HELFELD, JOURNALIST: The larger the national debt, the wealthier we are?

STARK: It's an indication of the wealth of the country. You're right.

HELFELD: So the more you owe, the more you're worth?

STARK: In federal accounting — in the national scheme of things, that's quite right.

HELFELD: So why shouldn't we borrow another trillion then next year?

STARK: Probably because — we should not necessarily borrow another trillion, but we will, inevitably.

(END VIDEO CLIP)

First of all, if you don't believe progressives think you are too stupid and have to be dragged to the right answers, just remember that clip. Secondly, more debt means we are wealthy? At the time of this clip the national debt was about $5 trillion. We're almost three times that amount now. We're rich! Where did we go wrong?

Stark went on to say this:

(BEGIN VIDEO CLIP)

STARK: Did you ever study economics?

HELFELD: A little bit.

STARK: Where?

HELFELD: In the University of Puerto Rico.

STARK: Oh the University of Puerto Rico? Do you have a doctorate in economics?

HELFELD: No, I don't.

STARK: A master's degree?

HELFELD: No, I don't.

STARK: How many classes did you take? What I would suggest —

(CROSSTALK)

STARK: They are simple-minded questions that don't relate to the realities —

(CROSSTALK)

STARK: If you would shut up for a minute. You're blabbing away here about something you don't know anything about.

HELFELD: I am just trying to ask a question —

STARK: You're making a lot of stupid statements, Jan.

HELFELD: So you think if the national debt increases, we become wealthier. So I don't see why you don't want to go for it — and go for two or three billion dollars —

STARK: It's why you probably never graduated from a very good college, Jan. And I'm not going to take the trouble to educate you here.

(END VIDEO CLIP)

I'd like to explain this to Congressman Stark and others who think like him. I'll speak slowly for the congressman. He should probably TiVo this — TiVo is a device that records TV shows and you can play it back. I didn't know if he knew that because he's been in Congress for 37 years now, so it's been a long time since he won that first election, in which his main complaint against his opponent was that he'd been in Congress too long.

Take an imaginary neighborhood with "diverse" economic backgrounds:

Person One makes $250,000 a year. They owe $500,000 on a $520,000 mortgage, they financed a $20,000 boat, a sports car and a summer cottage on the lake as well. Life is sweet. They don't have a lot of savings — they'll do that later.

Person Two only makes $45,000 a year. But, they've paid off their mortgage, they bought used cars and have no payments. They've saved money for a rainy day.

Now, the way Congressman Stark sees it, the richest person on the block is the guy with the boat and the sports car. After all, he's got the nicest stuff and the biggest house. But, what happens if they both lose their jobs and have to take one of those jobs that Americans just won't do? Or what if their income is significantly cut back?

Well, when that rainy day comes, the richest person on the block is the person only making $45,000 a year. Why? Well, they don't have lots of stuff, but they don't owe anyone either. There's no bank or credit card company breathing down their necks if their income is slashed. Their life changes, of course, but not as much as the rich guy with all the financed stuff. He's got to scramble to sell the house, the boat, the car. When he can't, banks and credit card companies are coming after him. He could borrow more money to try and keep up, but what has that done? Made him wealthier or just more in debt? All it does is buy some time before it all comes crashing down.

It's the same with the federal government. If IRS returns drop and they continue to try and make up for the shortfall by printing more money or borrowing more money, we just fall deeper into debt.

We're not wealthier. We've only held off the inevitable. But, then again, I'm not a doctor like the great congressman. Oh wait, he's not a doctor? And I almost forgot — I am. But it doesn't take a doctorate to read some history. It's not hard to see that we are repeating the same mistakes of the past. We are repeating the 1930s:

The Dow appears to be repeating the patterns seen during the Great Depression. After the crash in 1929, there was a brief recovery period in 1930. On July 8, 1932, the Dow bottomed out — closing the day at 41.22, an 89 percent drop from its pre-crash high; in October of 2008 stock market plummets 2,400 points in nine days

President Hoover responded by increasing federal spending by 50 percent between 1929 until the end of his term; George W. Bush abandoned the free market system to save the free market system

Unemployment over 20 percent by the end of Hoover's term; Unemployment was over 7 percent at the end of Bush — up from the 4.5 percent range

In 1932, Hoover increased top income tax rates from 25 percent to 63 percent; Obama is increasing top tax rates from 35 to 39 percent

FDR's policies included making unions stronger, regulating price controls, interfering with business and paying higher wages than the amount of productivity justified; Obama's "life work" is SEIU's life work. Obama has fired CEOs of companies and taken control of automakers and banks

FDR tried to revive economy with massive government spending and entitlements with the New Deal; Obama has tried to revive economy with massive government spending and expansion of entitlements with the stimulus, cash-for-clunkers, health care and financial reform, plus the takeover of student loan industry

Unemployment remained unresponsive and stayed stubbornly high throughout the New Deal and New Deal II; unemployment under Obama has gone up and stayed there, completely flat-lining despite the government "injections"

FDR blamed Hoover for the economic problems; Obama still blames Bush for "creating the mess" he has to "mop" up

In 1935, the Supreme Court struck down the NRA and in 1936, the court struck down the Agriculture Adjustment Act; today, 60 percent want a repeal of health care. Will the courts follow through?

In 1946, a successful GOP campaign "had enough" of Democrats; today, Tea Parties, whose universal issue is 'stop spending'

So we've followed Hoover and FDR almost step-for-step. Are we going to bottom out again and extend this slump just like FDR did? Well, we have to understand that there are critical differences between the 1930s and today:

Back then, the country had manufacturing. We could build ships, planes, tanks, etc.; today, we can't

Back then, our citizens didn't have crippling debt; today, we do

Back then, our grandparents saved their money; today, we don't

Maybe we could get someone really smart like Pete Stark to explain it to us. Oh wait, I forgot: It's people like Pete Stark who got us into this mess.

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

'Lord, we are SORRY it has taken us this long': BlazeTV hosts react to historic Roe v. Wade decision

Photo by Yasin Ozturk/Anadolu Agency via Getty Images

The Supreme Court of the United States officially overturned Roe V. Wade, and the debate over abortion rights has been given back to the states. On this historic day, BlazeTV hosts celebrate the Supreme Court's incredible decision and take a look at some of the insane reactions as the left comes completely undone.

Jason Whitlock: Today will forever stand as a pivotal moment in our nation’s history

The Supreme Court of the United States overturned Roe v. Wade. The decision and the reaction to it have already revealed a lot about our people and politics. Pro-life groups celebrate, pro-choice groups call for “a night of rage,” and Nancy Pelosi just seems completely confused by the United States Constitution.

Glenn Beck reacts LIVE to Roe v. Wade ruling: 'Lord, we are SORRY it has taken us this long'

I never thought that in my lifetime, I would see Roe v. Wade be overturned. But today, that day has come. The Supreme Court has voted 6 to 3 to return decisions about abortion to the states. But this fight isn't over. We are about to see good versus evil side by side. Many states will stand with the unborn. But others will become abortion mills. It's your turn to choose now, America!

Allie Beth Stuckey: 'Praise God, Roe v. Wade is overturned!'

I don't know about you, but I just had the most euphoric feelings. It almost seems too good to be true. I didn't think there was any way that this would actually happen, especially with all the backlash, intimidation, and violence toward the Supreme Court justices. And yet, here we are. Roe v. Wade has been overturned. This is an amazing day!

Dave Rubin: Big disagreement on what happens next now that Roe v. Wade is overturned

Dave Rubin, Libby Emmons, Jeffrey A. Tucker, and David Reaboi debate what will happen in the wake of the Supreme Court’s breaking decision on Roe v. Wade. Now that abortion rights have been pushed back to the states, will there be a summer of massive riots or not? Will the Roe v. Wade ruling make America’s political polarization significantly worse?

Stu Burguiere: Here are the reasons SCOTUS overturned Roe v. Wade

I never thought this would happen. I never thought I would see this day. I just never ever ever ever never ever believed that Roe v. Wade would actually be overturned. I really didn't. But let's take a look at the reasons this day has finally come ...

The Rick & Bubba Show: 'This is history! Unfortunately we're 60 million lives too late'

We were live on the air when news broke of the Supreme Court decision to overturn Roe v. Wade.

Today, the Supreme Court of the United States overturned its controversial 1973 Roe v. Wadeopinion, concluding that there is no constitutional right to an abortion.

"The Constitution does not confer a right to abortion; Roe and Casey are overruled; and the authority to regulate abortion is returned to the people and their elected representatives," the syllabus of the decision reads.

As expected, the leftist outrage erupted instantaneously, fueled largely by the misinformed idea that overturning Roe v. Wade means abortion will be banned nationwide. But, as stated in the above-mentioned Supreme Court syllabus, the authority has actually been returned to individual states and their duly elected lawmakers.

One such misinformed leftist, Parkland shooting survivor Cameron Kasky, was infuriated that those awful Supreme Court justices "just voted to kill women." So he took to Twitter to urge people to go to the homes of said Supreme Court justices to "let them know how you feel."

"Go to the home of every Supreme Court justice who just voted to kill women. Let them know how you feel," Kasky tweeted.

The backlash was immediate:

Kasky decided to delete his original tweet because he is apparently "sick of republicans talking to [him]." But, unfortunately for Kasky, the internet is indeed forever:

Speaking from the White House, President Joe Biden dutifully helped spread the misinformation about the Supreme Court's decision to overturn Roe v. Wade, and took the opportunity to prompt voters to elect more Democrats in November so that Congress can write abortion protections into law. Did the president just let slip the real reason Congress hasn't made any effort to start writing such laws in the nearly two months since Justice Samuel Alito's draft opinion was "leaked" in early May?

Watch Glenn Beck and producer Stu Burguere discuss how Biden's speech reveals that Democrats are absolutely terrified of the upcoming midterm elections. Can't watch? Download the podcast here.

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.

CNN reporter tries to 'ambush' GOP candidate Kari Lake, IMMEDIATELY regrets it

Image source: (left) Video screenshot/ (Right) Mario Tama/Getty Images

CNN senior national reporter Kyung Lah thought she'd caught Republican Arizona gubernatorial candidate Kari Lake off guard when she asked for an impromptu interview outside an event, but ended up sorely regretting her decision.

Lake, a former Fox news anchor, shook hands with Lah as she approached and immediately pointed out that the CNN reporter wasn't wearing a mask any more, a barbed reference to a contentious interview in October 2021, in which Lah smeared the GOP candidate as a “rising star of the right-wing and proud spreader of lies." Lah asked if Lake had “a minute to chat.”

“I’ll do an interview," Lake answered, "as long as it airs on CNN+. Does that still exist? I didn’t think so, because the people don’t like what you guys are peddling, which is propaganda. Thank you.”

Lake then walked into the event, leaving Lah utterly speechless.

It looks like Lake gained quite a few fans on Twitter:

Kari Lake has been a longtime friend to "The Glenn Beck Program." She joined Glenn last August to tell Glenn why she left the corrupt world of media, what prompted her to enter "the even more corrupt world of politics," and how she plans to make a big difference in her battleground state of Arizona.

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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.

Hunter's Biden's latest BIZARRE scandal reveals how red-flag laws REALLY work

Photo by Demetrius Freeman/The Washington Post via Getty Images

Even if red-flag laws weren't unconstitutional (which they are), they've never been about your safety. They're about your submission, argued Glenn Beck on the radio program. Think of it this way: If red flag laws became the law of the land, do you think President Joe Biden’s son Hunter would lose his guns or face charges for violating the gun laws we already have?

You may have heard that he once "lost" a gun in a dumpster by a school. But there's a whole lot more to the bizarre tale. Newly revealed texts from Hunter's abandoned laptop detail the strange drama that unfolded when Hallie Biden, Hunter's sister-in-law-turned-lover, threw his handgun into a dumpster near a Delaware school in October 2018. The gun was found and turned in to police, but like so many of the Biden family scandals, the chaos created a sandstorm that conveniently helped cover Hunter's tracks. Only tidbits of information have emerged, the most significant of which is that the gun in question was purchased by Hunter illegally and, of course, no charges were filed as a result.

Glenn broke down the details of the most recently revealed Hunter Biden scandal, noting in particular that no charges or arrests were ever made as a result.

"If you voted for Joe Biden and you believe in all of these red-flag laws, then why isn't Hunter Biden in jail today?" Glenn asked.

"You and I both know that the ramifications of Hunter Biden's activities and his tragic saga go well beyond Hunter Biden, because they are teaching people a lesson. We are moving towards a society that has a ruling class that lives above their own edicts. They tell us they know better. They tell us that our neighbors and even some of us are dangerous, while ignoring the dangers in their own lives or in their own families ... We saw it during COVID-19 and we will see it again with gun regulations, 'The rules are for thee and not for me.' This is why Americans cannot give an inch, not one inch of our liberty away on the grounds of the government's good faith. They have no good faith left. They have violated every single principle of liberty and they've done it in a name of they know better," he said.

"Don't be fooled," Glenn added. "Just as we saw during COVID-19, just as we saw with the Patriot Act that is now being horribly abused by the people in power that swore they'd never abuse it, red-flags are not about your safety. Period. They are about your submission."

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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.