RADIOMarch 05, 2024

REALLY? Biden Creates Shrinkflation Task Force to Blame COMPANIES for HIS Failures

President Biden is launching a new shrinkflation task force to crack down on the “unfair and illegal pricing” of goods. But is Biden right to blame companies when it’s his economic policies that has caused inflation? “You Will Own Nothing” author Carol Roth joins Glenn to break down why this FTC and DOJ-led task force is actually push for price controls. Plus, Carol weighs in on New York Attorney General Letitia James’ recent attack on the beef industry and how the White House is spreading propaganda through Cookie Monster.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. We have Carol Roth with us. Carol Roth is a good friend of the program. And also the author of, you will own nothing.

Former investment banker now cares about Main Street.

Carol, how are you?

CAROL: Well, Glenn, you seem a little feisty today, and I always enjoy feisty Glenn. This should be good.

GLENN: Well, I tell you, the Cookie Monster really pissed me off today, because there's no way, that that's a coincidence. That's coordinated propaganda from the White House.

CAROL: Well, I feel like Cookie Monster is the one who got it right. Cookie Monster is not the one who blamed the corporations. I believe it was Joe Biden, right. He just said that his cookies were getting smaller because of shrinkflation.

GLENN: Right.

CAROL: And I think that makes him a better economist than anyone in the Biden administration or in the New York Times. You know, for that matter.

But the reality is that this is a Biden talking point, so they picked up on this, and they said, no, no, no. Cookie Monster, shrinkflation is happening because of the green corporations.

GLENN: So today, they're launching something. And, Carol, I want to get your read on this.

This seems a little terrifying. Joe Biden today is launching a new task force to take on unfair and illegal corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of a cooling inflation rate.

The task force will jointly be led by the Federal Trade Commission and the Department of Justice, two agencies at the forefront of the Biden administration's aggressive regulatory agenda over the past three years.

Wow!

What are these illegal -- what did they say?

Illegal --

CAROL: Illegal and unfair. Illegal and unfair pricing. Unfair -- unfair is anything that Biden says doesn't go along with his narrative. And he's really talking out of both sides of his mouth. Or perhaps mumbling outside of both side of his mouth.

On the one hand, he's touting how much the economy is growing.

That things are going well.

That wages are increasing. If that was the case. Corporations should be doing better.

And there is no corporation, that is making any sort of outsized profits. Things like shrinkflation. And what's happening. Our downstream issues from the inflation.

That the Biden administration caused. And certainly the fed caused.

So to now say, we're going to have a task force. That is going to look up unfair and legal pricing practices.

You know, legal is one thing.

There's a certain definition at least today.

Who knows what that could be expanded to. Unfair is obviously anything that they don't happen to believe in or agree with. Or is against their policy.

One of the things we know in economics, across-the-board, price controls don't work.

That's something that creates rationing, and goods shortages.

GLENN: And a black market.

CAROL: Even Paul Krugman, who gets everything wrong. The one thing he's ever gotten right. He's against rent control. Which is one of many of price controls, even he kind of gets the fact that price controls don't work.

Everyone pretty much across-the-board agrees with that. But now they want to come in with the government, and step in. And say, oh, you're earning too much of a profit.

We don't like what you're doing.

You need to lower your prices.

Even though we're imposing this world upon you. That is a recipe of disaster. And obviously, completely the opposite of free market capitalism.

GLENN: Right. It is a fascistic move. When the government tells companies what to do, it's a move that fascists make.

I'm concerned about this, because, you know, with all the public/private partnerships. The ones that are going to get into trouble. Are not the ones doing the bidding of the American government now.

Let me give you an example. New York State attorney, Latisha James, has now filed suit, against JBS, USA food company.

This is the world's largest beef producer.

Accusing him of fraudulent and illegal business activities.

And disgorgement of all profits and ill-gotten gains.

She's using the state's apparatus, to go after beef procures.

But not for any other reason, other than they say, they are shooting for zero e- missions by 2040.

And she says that's fraud.

CAROL: Yes. She's accusing them of what's, quote, unquote, brainwashing. The state has put these different apparatus around these the different companies.

The companies as we know, leaned into those and wanted to sound like they were complying.

And so they said, oh, we're going to do all these things to help the environment. So now she's saying no, it's fraudulent. You haven't done the things that we said, or at least in the way that we said.

And, you know, with JBS. It's a little bit tough obviously. Because they're this huge corporate conglomerate. In some cases, they may have created some issues with the independent farmers. Either way, you're not rooting for the state here to come in.

And this discouragement of profits sounds, by the way, a lot what happened to Donald Trump. So this is anything that people made, we're going to confiscate it.

GLENN: First New York came for the National Rifle Association. I didn't say anything, because I didn't own a rifle. I wasn't a hunter, and I disagree with guns.

Then they came for Donald Trump, but I didn't vote for him. So it didn't matter. Now they're coming for beef.

And, you know, you could go after JBS for unfair business practices in my opinion. Because I'm a rancher.

CAROL: Sure.

GLENN: And I see these -- I believe there's absolute collusion with the three companies that are producing all of the beef in the country.

They're getting rich. The farmers are getting poorer. The ranchers are getting poorer.

So I think you can go after that. But it would have to be legitimate. I don't have the facts.

You could go after them for that. And break that monopoly up. Which I think is -- is fair. But he's not.

She's talking about the rain forest. What the hell does the rain forest have to do with New York?

CAROL: And not only that. This is very war on small business-like, right?

Because these bigger companies will have the Capitol base and the power to withstand at least the first time around, some of these tests from the state. But if you are an independent farmer. Or you are a small business, in some other arena. And they come after you. That's it. You are wiped off the map.

Which just further consolidates, those are exactly the opposite of what you just talked about. It doesn't create this more fair playing field.

It creates these tighter monopolies and do you duopolies. So this is almost like a warning sign to say, hey, maybe you want to get out of this business. Because we're coming after you.

And that seems like the plan. They want to capture and control more and more of our resources. And bring it more along with the state.

And they're finding all of these, frankly, unconstitutional ways, and banana republic sort of ways to do it, and we have to stand up.

GLENN: I have to tell you, you got to get out of New York because they're just going the wrong way. Carol -- and, Stu, I think you know a little bit about this too.

This is the future. Litigation is the way the left is moving. They're going to overwhelm the system, with lawsuits, on anything they disagree.

They're just going to take this.

Look what they're doing to Donald Trump.

That's going to happen everywhere.

STU: Yeah. Law fair is definitely the strangle, right?

They keep coming out. They push these things down the throats of everybody.

And then, what's the response?

Like the good outcome, is you spend years and years and years litigating, and spend tons and tons of money defending yourself.

You're not furthering the economy, you're not furthering your business, you're not helping anybody. You're not making products benefiting anyone. You're just in constant defense mode. And how do you advance yourself that way?

CAROL: And you have to have the capital base to be able to do that.

This is not something for the faint of heart, or if you don't have enough dollars in the bank, this is a very expensive endeavor, to be able to fight this.

So you come out the other end. And it's not guaranteed that you will get restitution for your legal fees or anything else for that matter. It's like, oh. Sorry. I guess we didn't win this particular one.

Or you send up in a corrupt area. And they do end up winning. On something that is baseless, as we saw happening in New York.

So it's very frightening. For anybody that has this.

GLENN: So let me ask you. Hochul came out last time under Trump.

Don't worry. This is Donald Trump-specific.

No. No. No. This is exactly. They are targeting a business they don't like. And theory trying to take it down, with everything the state has in its power.

When -- when does New York cross the Rubicon, and businesses just say, I am out of here?

When does New York collapse economically?

CAROL: It's a really good question. Certainly as a test run, I do think that people, particularly New York has a lot of liberal people, who believe that they -- will not happen to them.

We did see mass movement during COVID.

People who said, I've had enough of these policies.

Certainly, the cost. The crime. All those other issues.

Seen a mass exodus in the state, for places like Florida.

For people who remain, that say, no. This is my home. This is the heartbeat of my soul or whatever it is. They just aren't going to believe that it is going to happen to them, until it happens to one of them.

And then, of course, they make another set of excuses, saying, well, you know, this was different.

And I just think, that's one of the big issues with this country.

We have a lot of people, who are in conditional. And decoupled with reality.

And don't understand. And don't want to frankly understand. The reality of what is happening here, Glenn.

GLENN: Right.

So let me go back to this tribunal.

That the -- that the president is starting today. With the Department of Justice.

And the FDC.

This again, I -- I -- you know, I hate to be such a cynic.

But I -- I have no reason, not to be in this case.

They're going to target the companies that are not falling in line with them.

And how are you -- how are we going to fight this one?

What should these companies do?

And what should the average person do, to prepare? Because this is -- this is really going to go right to the heart of capitalism.

CAROL: Yeah. To think, the one piece of good news, the courts are also working. In some cases, the other way.

And there are groups like Pacific legal foundation. And others, who are these nonprofits, that will stand up, for businesses, and individual rights.

We just saw a -- at least interim win, that Corporate Transparency Act that we had talked about.
The financial crimes network, that was mass-targeting small businesses over the weekend. The Alabama courts had ruled or came out over the weekend, had ruled that it was unconstitutional.

Certainly, we imagined that the Treasury will fight that. If that holds, that shows, that there will be a win.

So there will be these marquee opportunities to push back.

Unfortunately, it's just exhausting.

Because it's like, you go and you kill the ants, and you think that you got everything done. And then the rain comes

And then you have a whole group of them coming back out.

I think we have to stay vigilant. And we have to use our voices.

Because the places where people have spoken up, and said, this is an issue, across-the-board. Whether it's to politicians.

Whether it's to Wall Street.

Wherever it is. Those are the places they backed off. And certainly, they've gone somewhere else.

But things like messing with our food supply, that is an absolute no. And something that everybody should be using their voices.

GLENN: So BlackRock says ESG advocacy say risk-factory for its bottom line.

I told you, don't believe them.

They will repackage.

Carol, I just want to hit this briefly.

Because I've got other things on the economy, I want to talk about.

BlackRock has now said, we're not doing ESG. Too many lawsuits. But we're doing transition investing.

Hmm. What's transition investing?

CAROL: They're transitioning, Glenn.

They want to transition, and they're transitioning, away from ESG.

And they're doing it in infrastructure.

And when they say infrastructure. They mean things like transportation.

Like water. Like sewage. And the like.

So instead of using their client's money to bully companies to make the changes they want. They're like, let's just use our client's money to invest directly into things that are sort of lynch pins, in making a change in their sort of energy cultism, so to speak.

So one of the things they did, they bought a private equity firm. That, actually, specialized in this. Not even just public money. But private money.

This company has about 100 billion in assets, under management. Which is -- not to say is a small amount of money. It's a huge amount of money.

But in terms of BlackRock, it's about 1 percent of their assets under management. Because remember they have about 10 trillion in assets under management.

But it gives them the vehicle to make these direct investments. And the firm they bought, owned things like big pieces of airports around the world. And water and sewage treatment and the like. And so BlackRock is going to be offering more of these investment opportunities, as well as having funds that do that in the public sector.

But the reason, they're doing it. You know, this is not just about control.

This is about following the money, Glenn.

And that is sort of the -- one of the ten polls of ESG. This is a quote from Larry Fink.

Policymakers are only just beginning to implement once in a generation financial incentives, for new infrastructure, technologies, and projects.

So this is not only about control. But this is another cash grab.

They are going to say, well, if we have our friends that we can influence in the government. And we can get them to give more incentives to the projects that we're investing in, then we are going to make more money. And we can achieve our goal. What a great win.

And another way to just completely consolidate money. Take taxpayer money. And find ways to enrich themselves while destroying our lives.

GLENN: That's fantastic.

CAROL: Yep.

GLENN: By the way, one quick thing. We have 90 seconds. We are adding 1 trillion dollars' worth of debt now, every three to four months.

CAROL: Correct. Every 100 days, $1 trillion. I said that you have that one family member in every family, who is the irresponsible one. The one who spends all their money, and then comes begging to you, and saying, they're going to be different this time.

GLENN: Right.

CAROL: The government is that drunk uncle. That is your family member. And unfortunately, there is no -- there is no stopping. But everybody knows the problem.

Like everybody has said this is a problem now. And nobody has the fortitude to do anything about it. We're talking from rating agencies. The Treasury, the Fed, the IMF. You know, major players from Jamie Dimon.

Every single person has come out now and said, this is a massive issue, and nobody is doing anything about this.

GLENN: And when you do this, and you add a trillion dollars every 100 days, to the debt.

Of course, inflation is going to go up.

And that's why you need price controls. And price controls lead to all kinds of bad things.

Don't believe what the mainstream media is telling you.

This is simple mathematics. Period.

Carol, thank you so much.

We'll talk again. God bless.

Carol Roth, the author of the book, you will own nothing.

The Globalist Elites' Dystopian Plan for YOUR Future | Glenn Beck Chalkboard Breakdown

There are competing visions for the future of America which are currently in totally different directions. If the globalist elites have their way, the United States will slide into a mass surveillance technocracy where freedoms are eroded and control is fully centralized. Glenn Beck heads to the chalkboard to break down exactly what their goal is and why we need to hold the line against these ominous forces.

Watch the FULL Episode HERE: Dark Future: Uncovering the Great Reset’s TERRIFYING Next Phase

Barack & Michelle tried to END divorce rumors. It DIDN'T go well

Former president Barack Obama recently joined his wife Michelle Obama and her brother on their podcast to finally put the divorce rumors to rest … but it didn’t exactly work. Glenn Beck and Pat Gray review the awkward footage, including a kiss that could compete for “most awkward TV kiss in history.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Now, let me -- let me take you to some place. I think kind of entertaining.

Michelle Obama has a podcast. Who knew?

She does it with her brother. Who knew? It's -- you know, I mean, it's so -- it's a podcast with two brothers. Right?

And -- and it -- they wanted to address the rumors, that they're getting a divorce. And this thing seems so staged.

I want you to -- listen to this awkward exchange on the podcast.

Cut one please.

VOICE: Wait, you guys like each other.

MICHELLE: Oh, yeah. The rumor mill. It's my husband, y'all! Now, don't start.

OBAMA: It's good to be back. It was touch-and-go for a while.

VOICE: It's so nice to have you both in the same room today.

OBAMA: I know. I know.

MICHELLE: I know, because when we aren't, folks things we're divorced. There hasn't been one moment in our marriage, where I thought about quitting my man.

And we've had some really hard times. We've had a lot of fun times. A lot of adventures. And I have become a better person because of the man I'm married to.

VOICE: Okay. Don't make me cry.

PAT: Aw.

GLENN: I believed her. Now, this is just so hokey.

VOICE: And welcome to IMO.

MICHELLE: Get you all teared up. See, but this is why I can't -- see, you can take the hard stuff, but when I start talking about the sweet stuff, you're like, stop. No, I can't do it.

VOICE: I love it. I'm enjoying it.

MICHELLE: But thank you, honey, for being on our show. Thank you for making the time. We had a great --

VOICE: Of course, I've been listening.

PAT: What? No!

GLENN: They're not doing good. They're not doing good.

Okay. And then there was this at the beginning. And some people say, this was very awkward. Some people say, no. It was very nice.

When he walks in the room, he gives her a hug and a kiss. Watch.

Gives her a little peck on the cheek.

PAT: Uh-huh. Uh-huh.

GLENN: Does that --

PAT: Does that look like they're totally into each other?

GLENN: Well, I give my wife a peck on the cheek, if she walks into a room.

PAT: Do you? If you haven't seen her in months and it seems like they haven't, would you kiss her on the cheek? Probably not.

GLENN: No, that's a little different. That would be a little different. But I wouldn't make our first seeing of each other on television.

PAT: Yeah, right, that's true. That's true.

GLENN: But, you know, in listening to the staff talk about this. And they were like, it was a really uncomfortable -- okay.

Well, maybe.

PAT: I think it was a little uncomfortable.

GLENN: It was a little uncomfortable.

It's still, maybe. Maybe.

But I don't think that rivals -- and I can't decide which is the worst, most uncomfortable kiss.

Let me roll you back into the time machine, to Michael Jackson and Lisa Marie Presley. Do you remember this kiss?
(applauding)

GLENN: He turns away, immediately away from the camera. Because he's like.

PAT: He was about to vomit. Yeah.

GLENN: It was so awkward. When that happened, all of us went, oh, my gosh. He has only kissed little boys. What are we doing? What is happening?

He doesn't like women, what is happening?

And then there's the other one that sticks out in my mind of -- and I'm not sure which is worse. The Lisa Marie or the Tipper in Al Gore.

VOICE: The kiss. The famous exchange during the 2000 democratic convention was to some lovely, to others icky.
(laughter)

GLENN: That's an ABC reporter. To some lovely, others icky.

And it really was. And it was -- I believe his global warming stuff more than that kiss.
(laughter)
And you know where I stand on global warming.

That was the most awkward kiss I think ever on television!

PAT: Yeah. It was pretty bad. Pretty bad.

GLENN: Yeah. Yeah.

So when people who are, you know -- these youngsters.

These days. They look at Barack and Michelle. They're like, that was an awkward kiss.

Don't even start with me.

We knew when we were kids, what awkward kisses were like.

PAT: The other awkward thing about that.

She claims, there was not been one moment in their marriage.

Where she's considered reeving him.

GLENN: Yeah.

PAT: She just said a while ago. A month or a year ago, she hated his guts for ten years. She hated it.

GLENN: Yeah. But that doesn't mean you'll give up.

PAT: I guess not. I guess not. Maybe you enjoy being miserable.

I don't know.

GLENN: No. I have to tell you the truth.

My grandmother when I got a divorce, just busted me up forever. I call her up, and I said, on my first marriage.

Grandma, we're getting a divorce.

And my sweet little 80-year-old grandmother, who never said a bad thing in her life said, excuse me?

And I said, what?

We're getting a divorce.

And she said, how dare you.

I said, what's happening. And she said, I really thought you would be the one that would understand. Out of everybody in this family, I thought you would understand.

And I said, what?

And she said, this just -- this just crushed me when she said it.

Do you think your grandfather and I liked each other all these years? I was like, well, yeah.

PAT: Wow.

GLENN: Kind of. And she said, we loved each other. But we didn't always like each other. And there were times that we were so mad at each other.

PAT: Yeah. Yeah. Uh-huh.

STU: But we knew one thing: Marriage lasts until death!

PAT: Did she know your first wife?

GLENN: Okay. All right. That's just not necessary.

No, Trump’s tariffs ARE NOT causing inflation

The media is insisting that President Trump's tariffs caused a rise in inflation for June. But Our Republic president Justin Haskins joins Glenn to debunk this theory and present another for where inflation is really coming from.

Transcript

Below is a rush transcript that may contain errors

GLENN: Justin Haskins is here. He is the president of Our Republic. And the editor-in-chief of stoppingsocialism.com.

He is also the coauthor with me at the Great Reset, Dark Future, and Propaganda War.

So, in other words, I'm saying, he doesn't have a lot of credibility. But he is here to report -- I don't even think you're -- you're -- you were wrong on this, too, with the tariffs. Right?

JUSTIN: Well, at some point, I was wrong about everything.

GLENN: Yeah, right. We are all on the road to being right.

But this is coming as a shock. You called yesterday, and you said, Glenn, I think the tariff thing -- I think the president might be right.

And this is something I told him, if I'm wrong. I will admit that I'm wrong.

But I don't think I'm wrong.

Because this goes against everything the economists have said, forever.

That tariffs don't work.

They increase inflation.

It's going to cost us more.

All of these things. You have been study this now for a while, to come up with the right answer, no matter where it fell.

Tell me what's going on.

JUSTIN: Okay. So the most recent inflation data that came out from the government, shows that in June, prices went up 2.7 percent. In May, they went up 2.4 percent. That's compared to a year prior. And most people are saying, well, this is proof that the tariffs are causing inflation.

GLENN: Wait. That inflation is -- the target is -- the target is two -- I'm sorry.

We're not. I mean, when I was saying, it was going to cause inflation. I thought we could be up to 5 percent.

But, anyway, go ahead.

JUSTIN: So the really incredible thing though. The more you look at the numbers. The more obvious it is, that this does not prove inflation at all.

For starters, these numbers are lower, than what the numbers were in December and January.

Before Trump was president. And before we had any talk of tariffs at all.

So that is a big red flag right at the very beginning. When you dive even deeper into the numbers, what you see is there's all kinds of parts of the Consumer Price Index that tracks specific industries, or kinds of goods and services. That should be showing inflation, if inflation is being caused by tariffs, but isn't.

So, for example, clothing and apparel. Ninety-seven percent, basically.

About 97 percent according to one report, of clothing and apparel comes overseas, imported into the United States.

GLENN: Correct.

JUSTIN: So prices for apparel and clothing should be going up. And they're not going up, according to the data, they're actually going down, compared to what they were a year ago. Same thing is true with new vehicles.

Obviously, there were huge tariffs put on foreign vehicles, not on domestic vehicles. So it's a little bit more mixed.

But new vehicle price are his staying basically flat. They haven't gone up at all. Even though, there's a 25 percent tariff on imported cars and car parts. And then we just look at the overall import prices. You just -- sort of the index. Which the government tracks.

What we're seeing is that prices are basically staying the same, from what they were a year ago.

There's very, very little movement overall.

GLENN: Okay. So wait. Wait. Wait. Wait.

Wait.

Let me just -- let me just make something career.

Somebody is eating the tariffs. And it appears to be the companies that are making these things. Which is what Donald Trump said. And then, the -- you know, the economist always saying, well, they're just going to pass this on in the price.

Well, they have to. They have to get this money some place.

So where are they?

Is it possible they're just doing this right now, to get past. Because they know if they jack up their price, you know, they won't be able to sell anything. What is happening?

How is this money, being coughed up by the companies, and not passed on to the consumer.

JUSTIN: Yeah, it could be happening. I think the most likely scenario, is that they are passing it along to consumers. They're just not passing it along to American consumers.

In other words, they're raising prices elsewhere. To try to protect the competitiveness with the American market. Because the American market is the most important consumer market in the world.

And they probably don't want to piss off Donald Trump either, in jacking up prices. And then potentially having tariffs go up even more, as a punishment for doing that.

Because that's a real option.

And so I think that's what's happening right now.

Now, it's possible, that we are going to see a huge increase in inflation. In six months!

That's entirely possible.

We don't know what's going to happen. But as of right now, all the data is suggesting that recent inflation is not coming from consumer goods being imported, or anything like that.

That's not where the inflation is coming.

Instead, it's coming from housing.

That's part of the CPI at that time.

Housing is the cause of inflation right now.

GLENN: Wait. Wait. It's not housing, is it?

Because the things to make houses is not going through the roof. Pardon the pun. Right?

It's not building.

JUSTIN: No. No. The way the CPI calculates housing is really stupid. They look basically primarily at rent. That's the primary way, they determine housing prices.

GLENN: Okay.

JUSTIN: That so on they're not talking about housing costs to build a new house.

Or housing prices to buy a new house.

They are talking about rent.

And then they try to use rent data, as a way of calculating how much you would have to pay if you owned a house, but you had to rent the same kind of house.

And that's how they come up with this category.

GLENN: Can I ask you a question: Is everybody in Washington, are they all retarded?
(laughter)
Because I don't. What the hell. Who is coming up with that formula?

JUSTIN: Look. I mean, sort of underlying this whole conversation, as you -- as you and I know, Glenn.

And Pat too. The CPI is a joke to begin with.

GLENN: Right.

JUSTIN: So there's all kinds of problems with this system, to begin with.

I mean, come on!

GLENN: Okay. So because I promised the president, if I was wrong, and I had the data that I was wrong, I would tell him.

Do I have to -- out of all the days to do this.

Do I have to call him today, to do that?

Are we still -- are we still looking at this, going, well, maybe?

JUSTIN: I think there's -- I think there is a really solid argument that you don't need to make the phone call.

GLENN: Oh, thank God. Today is not the day to call Donald Trump. Today is not the day.

Yeah. All right.

JUSTIN: And the reason why is, we need -- we probably do need more data over a longer period of time, to see if corporations are doing something.

In order to try to push these cuts off into the future, for some reason. Maybe in the hopes that the tariffs go down. Or maybe -- you know, it's all sorts of ways, they could play with it, to try to avoid paying those costs today.

It's possible, that's what's going on.

But as of right now, that's not at all, what is happening. As far as I can tell from the data.

GLENN: But isn't the other side of this, because everybody else said, oh. It's not going to pay for anything.

Didn't we last month have the first surplus since, I don't know. Abraham Lincoln.

JUSTIN: Yes. Yes. We did. I don't know how long that surplus will last us.

GLENN: Yeah. But we had one month.

I don't think I've ever heard that before in my lifetime. Hey, United States had a surplus.

JUSTIN: I looked it up.

I think it was like 20 something years ago, was the last time that happened. If I remembered right.

It was 20 something years ago.

So this is incredible, really.

And if it works.

You and I talked about this before.

I actually think there is an argument to be made. That this whole strategy could work, if American manufacturers can dramatically bring down their costs. To produce goods and services.

So that they can be competitive.

And I think that advancements in artificial intelligence. In automation. Is going to open up the door to that being a reality.

And if you listen to the Trump administration talk. People like Howard Lutnick, Secretary of Commerce. They have said, this is the plan.

The plan is, go all in on artificial intelligence.

Automation. That's going to make us competitive with manufacturers overseas. China is already doing that.

They're already automating their factories. They lead the world in automation.

GLENN: Yeah, but they can take half their population, put them up in a plane, and then crash it into the side of the mountain.

They don't care.

What happens to the people that now don't have a job here? How do they afford the clothes that are now much, much cheaper?

JUSTIN: Well, I think the answer to that is, there's going to be significantly more wealth. Trillions of dollars that we send overseas, every year, now in the American economy. And that's going to go into other things. It's not as though -- when this technology comes along, it is not as though people lose their jobs, and that's it. People sit on their couch forever.

The real danger here is not that new markets will not arrive in that situation. And jobs with it. The problem is: I think there's a real opportunity here. And I think this is going to be the fight of the next election, potentially. Presidential election. And going forward.

Next, ten, 20 years. This is going to be a huge issue. Democrats are going to have the opportunity, when the AI revolution goes into full force. They will have the opportunity like they've never had before.

To say, you know what, we'll take care of you. Don't worry about it.

We're just going to take all of the corporate money and all of the rich people's money.

And we will print trillions of dollars more. And you can sit on your couch forever. And we will just pay you. Because this whole system is rigged, and it's unfair, and you don't have a job anymore because of AI. And there's nothing you can do. You can't compete with AI. AI is smarter than you.

You have no hope.

I think that's coming, and it is going to be really hard for free market people to fight back against that.

GLENN: Yes.

Well, I tend to agree with you.

Because the -- you know, I thought about this.

I war gamed this, probably in 2006.

I'm thinking, okay.

If -- if the tech is going to grow and grow and grow. And they will start being -- they will be responsible for taking the jobs.

They won't be real on popular.

So they will need some people that will allow them to stay in business, and to protect them.

So they're going to need to be in with the politicians.

And if the politicians are overseeing the -- the decrease of jobs, they're going to need the -- the PR arm of things like social media. And what it can be done.

What can be done now.

I was thinking, at the time. Google can do.

But they need each other.

They must have one another. And unless we have a stronger foundation, and a very clear direction, and I will tell you. The president disagrees with me on this.

I said, he's going to be remembered as the transformational AI president.

And he said, I think you're wrong on that.

And I don't think I am.

This -- this -- this time period is going to be remembered for transformation.

And he is transforming the world. But the one that will make the lasting difference will be power and AI.

Agree with that or disagree?

JUSTIN: 1,000 percent. 1,000 percent. This is by far the most important thing that is happening in his administration in the long run. You're projecting out ten, 20, 30 years ago years.

They will be talking about this moment in history, a thousand years from now. Like, that will -- and they will -- and if America becomes the epicenter of this new technology, they will be talking about it, a thousand years from now, about how Americans were the ones that really developed this.

That they're the ones that promoted it, that they're the ones that does took advantage of it.
That's why this AI race with China is so important that we win it.

It's one of the reasons why. And I do think it's a defining moment for his presidency. Of course, the problem with all of this is AI could kill us all. You have to weigh that in.

GLENN: Yeah. Right. Right.

Well, we hope you're wrong on that one.

And I'm wrong on it as well. Justin, thank you so much.

Thank you for giving me the out, where I don't have to call him today. But I might have to call him soon. Thanks, Justin. I appreciate it.

The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.