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Bernanke said what?

March 04, 2008
 Radio Clips

The Glenn Beck Program

GLENN: There you go. By the way, Ben Bernanke gave a speech today I think in Florida, if I'm not mistaken. He gave a speech today. Listen to this. If this doesn't -- and Stu, I want you to listen to this. Tell me what this says to you. This is the head of the Fed.

STU: Yes, sir.

GLENN: Now remember, you're like, we're not in a recession.

STU: No, we're not. No, we're not technically.

GLENN: I mean, you might believe we're going that way but we're not.

STU: What does (mumbling) We're not. There's no disagreeing with that. It hasn't happened yet. It may be happening but it hasn't occurred.

GLENN: Let's just say when the job numbers come out, what is it, next week or a couple of weeks, when the job numbers come out and we see the job numbers, I think the next job numbers or the ones after it we can officially call this a recession. Let's just say we're in a recession.

STU: Is that how it's measured? A recession is not measured by job numbers.

GLENN: Well, that is part of it.

STU: I mean, it's certainly part --

GLENN: Because there's no growth.

STU: Well, and that's an indicator but that's not --

GLENN: Okay.

STU: I'm just trying to make sure you're factual here.

GLENN: Yeah, yeah, whatever.

STU: Just trying to help.

GLENN: Let me ask you this because you're like, oh, Mr. Doomsday man. Tell me how else you would interpret what Ben Bernanke said today. Ben Bernanke said, I believe -- try this on for size -- I believe that banks should consider just rewriting the mortgages that are sketchy, that people are having trouble with, rewriting them to a lower amount. So in other words, if you took out a $400,000 mortgage, it's now, the bank is just going to call you up and go, you know what, you're having a hard time; you only owe is $200,000.

STU: Not a lower interest rate.

GLENN: Not a lower interest rate. Not even what Clinton says, you know, I'm going to freeze interest rates, I'm going to freeze everything, I'm going to make you only -- I'm going to let you only pay the interest for an extended period of time. None of that. This is, I believe the banks should consider lowering the amount of loan that they have to pay back.

STU: Not even, not enforcing them to do it. Like one of the Democrats' proposals was forcing them to have a judge to be able to write down. Not even that.

GLENN: Ben Bernanke's saying the banks should really consider that.

STU: I'm sure they have considered it and then they took three seconds and then they moved on to something else.

GLENN: So let me ask you. The chairman of the Fed says that but also says, you know, looks like we might be headed for a recession but, you know, I don't know, I don't know. He's at the same time saying maybe the banks should just cut everybody's loans. What? That's insane!

STU: Sounds like a terrible idea. I mean, to me --

GLENN: Does that also sound like maybe some people think it might be a little worse than what everybody is saying? It's not like, boy, it's been a really bad Tuesday. You know, it's like having a slow day in your bakery. I grew up in a bakery and it would be like my dad saying, boy, it's been an awfully slow Tuesday; we should sell our car. I'm like, what?

STU: It does -- I mean, clearly they are talking about obvious problems, particularly in housing and in relationship to the banks. I think there's just some validity to the idea that banks, it would be in their best interest to not let everyone default. And that's part of it. It's like if you are going to have all these people default, it's in their best interest to -- not the Government telling them to do it but they themselves saying I'd rather not just write all this down.

GLENN: Correct.

STU: I'd rather get some of this money.

GLENN: Now, let me ask you this question. How does --

STU: I'm loving, I'm loving the condescension here. It's outside of the glass.

GLENN: No, no, no.

STU: It's a little bit different, a little different word kind of but it's coming out fantastically so far.

GLENN: Not to you, it's really not. It's really not. I'm just trying to understand, I'm trying -- Stu, we had this conversation last night on, I can't understand how people think any of this stuff is logical. I can't understand. So let me ask you this question, and I'm looking for an honest answer. If somebody can answer this, this is great.

STU: Sure.

GLENN: How does anybody think that saying the banks should take a $400,000 mortgage and just say, you know what, let's call it $200,000. That $200,000 has got to come from some place and that some place is somebody that invested that money. So it's not just the bank. It's the person that was investing in the bank, shareholders and everybody else. Who thinks it's logical that money's just not going to completely dry up when people are like, wait a minute, you just cut what you owed me in half, you just cut my -- you just cut my profits in half. It doesn't just affect the bank. There's little old me, too.

WATCH: Candace Owens: This is what’s REALLY driving the race riots in America

With cops under fire, businesses destroyed, and innocent civilians beaten and killed, where is the justice that well-meaning protesters were seeking for George Floyd?

On Wednesday night's special, Glenn Beck goes one on one with Blexit founder and "Blackout" author Candace Owens about what's really driving the riots, white privilege in America, and why it sickens her that Floyd has become a martyr for Black America.

Watch the full special below:

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

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 multiplatform network of voices who love America, defend the Constitution and live the American dream

'Liberation begins where America dies': Lara Logan reveals the TRUTH about Antifa's role in violent riots

Award-winning investigative journalist Lara Logan told Glenn Beck on the radio program Wednesday that a network of radical extremist terrorist organizations, which includes Antifa, are coordinating and escalating many of the violent riots in the wake of George Floyd's death.

Lara, who has done extensive reporting on Antifa, said it's "extraordinary" that so many Americans in the media and politics are defending the "very violent terrorist organization."

"[The media is] pretending that they care about journalism. They don't. They care about silencing, intimidating, destroying, annihilating, and getting us all to self-sensor so we don't cover any of the subjects they don't want us talking about," she said.

"For those of us who've followed [Antifa] for a while, and know what they're doing and what their agenda is, what has always been troubling is the way so many people in the media and in the political establishment have given them cover to operate," Laura added. "These are extremists. And you see a lot of parallels between extremists on the left and the right ... they pretty much operate the same way, exactly. And there's no difference between what Antifa is doing and the 'Brown Shirts' of Nazi Germany. Or the 'Black Shirts' of Mussolini."

She read the 10 points of action listed by an extremist group called the "Revolutionary Abolitionist Movement", which culminates with "Liberation begins where America dies."

Glenn recalled a prediction he made approximately 15 years ago, that "socialist, communists, radicals, anarchists, [and] Islamists would all work together ... they would all see the opportunity and work toward the same goal. And that's destruction of capitalism, and destruction of the Western world."

"A few years ago, I probably would not have agreed with you on that," Laura responded. "But I now see that you're absolutely correct."

Watch the video below to hear Lara detail evidence to expose the truth about Antifa:

Media targets Lara Logan for exposing the truth about Antifa

The media pretends to care about good journalism, but what they really care about silencing, intimidating, destroying, annihilating and getting us all to...


Use code GLENN to save $10 off one year of your subscription.

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.

Dan Bongino RIPS media for calling Trump a 'coward hiding in a bunker' during White House riots

The Trump-deranged media is calling the president a "coward" because he was moved to an underground bunker as riots erupted outside the White House over the weekend.

Former Secret Service agent Dan Bongino joined the "Glenn Beck Radio Program" Tuesday to set the record straight. He told Glenn that under Title 18, US Code 3056, the Secret Service has the authority to protect the president however they deem necessary, with or without his consent.

Dan explained that the severity of the White House riots, which resulted in at least 50 Secret Service agents being injured, would very likely have warranted overriding the president's preference on whether or not to take shelter.

"Shame on the media ... for painting this as some kind of situation where Trump ran like a coward," Dan said. "Which is totally false and made-up. [...] They're morons. These are imbeciles with double digit IQs who are only in this to aggravate an already-bad situation. And it's a shame, because they're really incentivizing this kind of stuff to happen."

He also made it clear that the so-called protests over the death of George Floyd were actually "very strategic" riots organized by "Antifa terrorists."

"It was not even a protest. It should have been, and could have been ... but that's not what it was. It was an insurrection. It was a riot," Dan stated.

"I can tell you, from sources of mine that were there, [who are] more than credible and unimpeachable, that the attack at the White House -- and that's what it was over a period of days -- was very organized. It was done using very strategic tactics," he added. "I want to be crystal clear, this was organized by Antifa terrorists. It's not a joke. It's not hyperbole. These were people that were committed to an insurrection that was thankfully put down."

Watch the video below for more details:

Dan Bongino: Trump is NOT a Coward Hiding in a Bunker


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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

'Medieval': Dallas man STONED, beaten to near-death by rioters in viral video

Image source: BlazeTV video screen save

The media has been trying to discredit BlazeTV's Elijah Schaffer after he recorded a disturbing video of a man being brutally beaten and stoned almost to death by rioters Saturday evening in Dallas.

Elijah joined Glenn Beck on the radio program Monday to set the record straight.

"The very dishonest far-left media is working tirelessly at the moment to completely, not only discredit myself, but they always say, 'Elijah Schaffer who works for Glenn Beck's BlazeTV.' As if that's an insult. So I'm going to clear the air right now," he told Glenn.

"There was a group of about, I would say 150 rioters. They were not protesters. They were breaking windows. They broke into a bank. They broke into a bar. They were looting alcohol and partying on the streets while breaking glass. These were not people who were grieving over black lives," he added. "The police had lost control of the city."

Elijah went on to describe the violent scene, detailing the events leading up to the brutal beating of a man who was apparently trying to defend a local bar. Elijah posted a video of the incident on Twitter Saturday night.

*Warning: graphic content*

"Rioters with rocks and bricks and bats and weapons, 150 or more, were accosting him as he stood in front of the bar," Elijah said. "Then they started stoning him, Glenn! Medieval! Throwing rocks and bricks.... We're in America. This is 2020. We do not stone people in the United States of America!"

Watch the video below for more details:

*Warning: graphic content*

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 multiplatform network of voices who love America, defend the Constitution and live the American dream.