When is a billion dollars not that big of a deal?

To start off your week, here’s yet another ridiculous statement from Nobel Prize winning economist and wannabe Psycho-historian, Paul Krugman:

KRUGMAN: These are — we’re talking as if a billion dollars was a lot of money. In $15 trillion economy, it’s not. Solyndra was a mistake as part of a long program, which has been by and large, it had a good track record—of course you’re going to find a mistake. I think to be fair, that’s probably true in Massachusetts, as well. This is ridiculous, that we are taking these tiny, tiny missteps that happen in any large organizations including corporations, including Bain Capital—Bain Capital had losers, too, right? Even from the point of view of its investors.

First of all, yes—Bain did have a couple of losers. And the Obama campaign has attempted to exploit every one of them, even those that occurred when Romney wasn’t working there. The sloppiness of that tactic has been destroyed by such evil right wingers as:

Bill Clinton

Cory Booker

Chris Matthews

Ed Rendell

Harold Ford, Jr.

Car Czar Steve Rattner

But, of course, there is a hell of a difference between what Bain did and what Obama has done. Bain never spent one cent of my money. I never asked Bain to make risky bets on companies in trouble with my money---and they didn’t. I also didn’t ask Barack Obama to make risky bets on companies in trouble with my money—he did.

Back to Krugman, and his assertion that a billion dollars isn’t that much money. That’s a bit odd, considering that it’s more than enough to buy one of the two political parties in their entirety:

"Money buys power," the Nobel Prize-winning economist Paul Krugman observed recently, "and the increasing wealth of a tiny minority has effectively bought the allegiance of one of our two major political parties."

"Support from billionaires has always been the main thing keeping those charlatans and cranks in business," Krugman noted. "And now the same people effectively own a whole political party."

You see, a billion dollars is chump change when wasting it on magical fairy dust infused solar panels, but when billionaires put just a portion of their fortunes on the line for the causes they believe in—it’s inherently evil, and suddenly enough to purchase half of all the political power in Washington. Makes sense. By the way, billionaires like George Soros and Warren Buffett get absolutely nothing for their generous check writing prowess.

Of course, if it was only Solyndra perhaps there would be an argument. But, there are so many more names that aren’t as familiar as Solyndra that echo the same point. Some highlights:

  • Raser Technologies. In 2010, the Obama administration gave Raser a $33 million…the company filed for bankruptcy protection…and Raser owes $1.5 million in back taxes.
  • ECOtality. The Obama administration gave ECOtality $126.2 million…Obama even hosted the company's president, Don Karner, in the first lady's box during the 2010 State of the Union address…the company has since incurred more than $45 million in losses and has told the federal government: "We may not achieve or sustain profitability on a quarterly or annual basis in the future." Worse, according to CBS News, the company is "under investigation for insider trading…
  • Nevada Geothermal Power (NGP). The Obama administration gave NGP $98.5 million…the company is in "financial turmoil" and that "after a series of technical missteps”…there was 'significant doubt about the company's ability to continue as a going concern.'"
  • First Solar. The Obama administration provided First Solar with more than $3 billion …the company "fell to a record low…firing 30 percent of its workforce."
  • Abound Solar. $400 million loan guarantee…the company halted production and laid off 180 employees.
  • Beacon Power. $43 million loan guarantee…Last fall, Beacon received a delisting notice from Nasdaq and filed for bankruptcy.
  • SunPower. $1.2 billion loan guarantee …as of January, the company owed more than it was worth.
  • Brightsource. $1.6 billion loan guarantee and posted a string of net losses totaling $177 million. Read more here.

From all the billions and billions thrown at these businesses, author Peter Schweizer says 71% of the cash has been funneled to businesses with close ties to Obama and democratic donors. All of that influence, purchased for just $457,834. Which is ridiculous to point out I guess—I mean, we’re talking as if $457,834 was a lot of money.

It's been a tough year, America. Our news media is inundating us with images of destruction, violence, and division in attempts not only to desecrate our nation, but to make us turn our backs on it. That's why now, more than ever, we need to take an up-close look at America's history to remember what it is we're fighting for and how to fight for it with practical action.

Join Glenn Beck, broadcasting from Standing Rock Ranch, as he takes us to Plymouth, Gettysburg, and Federal Hall on an important journey through America's remarkable history to inspire a brighter future. Glenn asks the hard questions of every American. Is this system worth saving? Is there a better way? Where do we go from here, and how do we answer those questions?

Featuring performances from the Millennial Choirs and Orchestras, David Osmond, a very special children's choir, and guests Bob Woodson, Tim Ballard, David Barton, Burgess Owens, Kathy Barnette, Anna Paulina Luna, and Tim Barton.

Watch the full special presentation below:


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"Restoring Hope" has been a labor of love for Glenn and his team and tonight is the night! "Restoring the Covenant" was supposed to take place in Boston, New York, Philadelphia, Gettysburg and Washington D.C. but thanks to COVID-19, that plan had to be scrapped. "Restoring Hope" is what was left after having to scrap nearly two years of planning. The Herald Journal in Idaho detailed what the event was supposed to be and what it turned into. Check out the article below to get all the details.

Glenn Beck discusses patriotic, religious program filmed at Idaho ranch

On July 2, commentator Glenn Beck and his partners will issue a challenge from Beck's corner of Franklin County to anyone who will listen: "Learn the truth, commit to the truth, then act on the truth."

Over the last few weeks, he has brought about 1,000 people to his ranch to record different portions of the program that accompanies the challenge. On June 19, about 400 members of the Millennial Choir and Orchestra met at West Side High School before boarding WSSD buses to travel to a still spring-green section of Beck's ranch to record their portion of the program.

Read the whole article HERE

The current riots and movement to erase America's history are exactly in line with the New York Times' "1619 Project," which argues that America was rotten at its beginning, and that slavery and systemic racism are the roots of everything from capitalism to our lack of universal health care.

On this week's Wednesday night special, Glenn Beck exposed the true intent of the "1619 Project" and its creator, who justifies remaking America into a Marxist society. This clever lie is disguised as history, and it has already infiltrated our schools.

"The '1619 Project' desperately wants to pass itself off as legitimate history, but it totally kneecaps itself by ignoring so much of the American story. There's no mention of any black Americans who succeeded in spite of slavery, due to the free market capitalist system. In the 1619 Project's effort to take down America, black success stories are not allowed. Because they don't fit with the narrative. The role of white Americans in abolishing slavery doesn't fit the narrative either," Glenn said.

"The agenda is not ultimately about history," he added. "It's just yet another vehicle in the fleet now driven by elites in America toward socialism."

Watch a preview of the full episode below:


Watch the full episode only on BlazeTV. Not a subscriber? Use promo code GLENN to get $10 off your BlazeTV subscription or start your 30-day free trial today.

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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.

Acclaimed environmentalist and author of "Apocalypse Never" Michael Shellenberger joined Glenn Beck on the radio program Wednesday to warn us about the true goals and effects of climate alarmism: It's become a "secular religion" that lowers standards of living in developed countries, holds developing countries back, and has environmental progress "exactly wrong."

Michael is a Time "Hero of the Environment," Green Book Award winner, and the founder and president of Environmental Progress. He has been called a "environmental guru," "climate guru," "North America's leading public intellectual on clean energy," and "high priest" of the environmental humanist movement for his writings and TED talks, which have been viewed more than 5 million times. But when Michael penned a stunning article in Forbes saying, "On Behalf of Environmentalists, I Apologize for the Climate Scare", the article was pulled just a few hours later. (Read more here.)

On the show, Micheal talked about how environmental alarmism has overtaken scientific fact, leading to a number of unfortunate consequences. He said one of the problems is that rich nations are blocking poor nations from being able to industrialize. Instead, they are seeking to make poverty sustainable, rather than to make poverty history.

"As a cultural anthropologist, I've been traveling to poorer countries and interviewing small farmers for over 30 years. And, obviously there are a lot of causes why countries are poor, but there's no reason we should be helping them to stay poor," Michael said. "A few years ago, there was a movement to make poverty history ... [but] it got taken over by the climate alarmist movement, which has been focused on depriving poor countries, not just of fossil fuels they need to develop, but also the large hydroelectric dams."

He offered the example of the Congo, one of the poorest countries in the world. The Congo has been denied the resources needed to build large hydroelectric dams, which are absolutely essential to pull people out of poverty. And one of the main groups preventing poor countries from the gaining financing they need to to build dams is based in Berkeley, California — a city that gets its electricity from hydroelectric dams.

"It's just unconscionable ... there are major groups, including the Sierra Club, that support efforts to deprive poor countries of energy. And, honestly, they've taken over the World Bank [which] used to fund the basics of development: roads, electricity, sewage systems, flood control, dams," Micheal said.

"Environmentalism, apocalyptic environmentalism in particular, has become the dominant religion of supposedly secular people in the West. So, you know, it's people at the United Nations. It's people that are in very powerful positions who are trying to impose 'nature's order' on societies," he continued. "And, of course, the problem is that nobody can figure out what nature is, and what it's not. That's not a particular good basis for organizing your economy."

Watch the video below to catch more of the conversation:

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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.