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Bill O’Reilly: Stock market MELTDOWN is ALL Biden's fault

Bill O’Reilly says the ‘stock market meltdown’ is the ‘final nail’ for Team Biden. Why? Because hard-working Americans who save money for retirement and spend it responsibly expect just one thing from government in return: For it to run efficiently and honestly. But, instead, we’re now stuck with the ‘most incompetent government of the last 150 years,’ Bill O’Reilly says, and YOUR wallet, savings, and net worth are taking a direct hit because of it. It’s all thank to Joe Biden, O’Reilly tells Glenn, and this financial mess has gotten SO BAD that O'Reilly says this is the biggest story of the YEAR.

Transcript

Below is a rush transcript that may contain errors

GLENN: We've been curious. We've been talking about it off the air. What you think the biggest story of the week is this week. What is it?

BILL: Stock market meltdown. Stock market meltdown.

So this is the final nail, to use a cliché.

So people in America work hard. The majority of us are not dope dealers. We're not layabouts. We work hard. The responsible people, the good dads, the good moms, they put money aside for their children's education. For their retirement. So they don't have to depend on the dole, or handouts from anyone.

They expect in return for their hard work and responsibility, a government that runs efficiently. And honestly. That is the expectation that Americans have. We are now seeing the most incompetent government of the last hundred 50 years. That's what we are seeing. And if you look at your statement, at the end of June, and I hope you don't, you'll see that your net worth is down huge. And you already know that you're paying more for everything you need. And there's one person responsible. One. Joe Biden. That is by far, the biggest story, not only of the week, but of the year.

GLENN: I have to tell you, Bill, I've never seen a White House more out of touch. I mean, they just keep doubling down, that this is Putin. Or this is somebody else's fault. And this isn't about inflation.

BILL: And that makes people even angrier.

GLENN: I know. I know.

BILL: Because they know it's BS. It's like when your kid comes in and lies to you, about where he or she has been. If you're a responsible parent, you don't really like that. And that's what this guy is doing.

GLENN: Yeah. And, you know, what's worse, when you say to your kid, look, okay. I'm going to give you a chance to revise that answer. Don't lie to me. Tell me the truth. And he's had chance after chance after chance. Over and over and over again.

BILL: Well, Biden hasn't given an interview to anybody, but Jimmy Kimmel. That's like being interviewed by an Egyptian mummy.

GLENN: Now, wait a minute.

BILL: I like Kimmel personally.

GLENN: Hang on. Yesterday, they did have an interview with a muppet from AP.

BILL: Right. And that's what I was going to say. Doesn't do many interviews. Yesterday, he said, oh. People are very, very concerned. No.

They're not concerned. They're furious. So when you and I speak on Fridays. Which, by the way, I never take for granted. And I appreciate you having me on your program, every Friday. I just want everybody to know that. You and I, we have a tendency to advance the story. Because people know what's going on. You don't have to tell people the economy is bad or you're getting hoaxed. They know.

Now, there are some people in denial. They blame Trump or Putin, or they're blaming Hillary Clinton. I don't know who they're blaming. Warren Harding. But everybody who has an IQ, knows it's Biden's fault. But Biden doesn't know. And that's really the danger here.

So when Biden tells you, oh, it's Putin. Oh, no, no. It's the oil companies. No, I'll write them a letter. I'm going to write them a letter. When he does stuff like that, he actually believes this stuff. It's not like he's Nixon, trying to, you know, lie his way out of Watergate. No. Biden is so incapacitated mentally, that he believes the garbage his advisers put in front of him. He doesn't write any speeches. He doesn't even edit any speeches. In my life, I have never heard of a president not editing a word that was put in front of him. Trump didn't write any speeches. But he edited it heavily. But he ad-libbed. It's in a great way. But Biden, you put it in front of him. He'll sign it or say it. He doesn't know what the deuce is happening.

GLENN: All right. So let me -- let me go to the SCOTUS thing. And there's many things to talk about with SCOTUS. But one is the New York Times has reported now, that looking at an executive order, possibly declaring a national medical emergency. If Roe vs. Wade is overturned. Which would give him all kinds of power, to do all kinds of stuff. He's also looking at sending abortion doctors to the military bases in states that say you can't do abortions here. The -- the other option is also to start taking taxpayer dollars and giving them to women, who want abortions and will have to fly out of state. How do you think these will fly?

BILL: Well, it will all be challenged in federal court. And he will Hughes. So Biden will lose. But will he try? Sure. He will try a stunt. And, again, he won't even know what the stunt is. They'll just say, sign this executive order. And he'll sign.

And then he'll go, can I go to Rehoboth Beach now? And they go, yeah, Joe, you can go now. It's Thursday at 2:00. Your -- your week is over.

But they'll do a stunt. Because the Democratic Party has nothing. So the January 6 maybe fell on its butt. Who cares about it? No one. Now they have to try to gin up the abortion thing. It's not going to work because the Supreme Court is going to say, essentially, Roe v. Wade was not based on any constitutional tenet, which is true. Therefore, the Tenth Amendment kicks in. It goes back to the state. That is the Constitution. That is what is going to happen. And the states will then make their own laws. Now, Biden then will immediately try to stunt it. And say, oh, no. I'm going to save all the women's health. But as soon as he signs anything, it will go into federal court. They'll stop it. And the Supreme Court will go, well, we already ruled on this. We already ruled on it. So you can't do it.

GLENN: Bill, did you see -- did you see the Jane's revenge threat letter that went out?

BILL: Beck, you've got to watch the No Spin News every night. I led with it. I led with it. And you know what happened today?

GLENN: What?

BILL: The Justice Department came out and said, oh, we're going to investigate. Okay. I said last night on the No Spin News, BillO'Reilly.com, and all of our other distributors all over the world, just like TheBlaze is, I said, this is outrageous. This is terrorism. Jane's revenge is a terror group. Where are you, Merrick Garland? And today, this morning, the Justice Department said, oh, I'll look into it.

GLENN: Yeah, but do you believe it?

BILL: I don't believe Merrick Garland will do jack. Look, they're ramming white supremacy down everybody's throat. And outside of a couple of hobos, in whatever it is. Proud Boys. They die. Nobody knows what this is. But this Jane's revenge firebombed a clinic in Buffalo, New York, a few days ago.

GLENN: There's been 40 in the last 43 days.

BILL: And they brag about it. They brag about it.

GLENN: I know.

BILL: It's like ISIS. And they use the same ISIS technique. And you are talking to the guy who knows more about ISIS, than anybody else. Because of Killing the Killers. The same ISIS techniques. Where they don't have a website. They don't have a Twitter handle. They use these nefarious pop-ups, to get their threats out. But the FBI can ram them down. In a week, easy. The FBI can get them. Will Merrick Garland do it? No. I don't believe he will. And if he does, I'll apologize.

GLENN: Yeah. Me too. Bill, let me go back to gas for a second. Joe Biden is pushing this narrative, and everybody in the White House. That these oil companies are, you know -- they're not doing their patriotic duty. And he, again, this week. This would make two threats in one week. He said, he has the power to issue a national emergency, and get these -- these gas and oil companies, to start drilling and do their job. All of the oil companies and gas companies are like, we do it, you won't let us. Is this -- what is this?

BILL: So the first day in office, he signs an executive office order, stopping a lot of drilling and the pipeline, and imposing regulations. I'm going to order you to drill. I said, you're the moron who did it in the first place.

GLENN: Crazy.

BILL: Who crippled the American fossil fuel industry. And now you're ordering us to do something? Number one, he can't order them to do anything. Even if he does another crazy dopey executive order. But it just shows you, he has no idea. A rational person, somebody who actually knew what was happening, would say, you know, I was it is guy who stopped all of the harvesting. And now I'm going to order them to harvest. Maybe we want to word it a little bit differently. But no. This is really the tragedy of the country now.

GLENN: Let me take you to one more topic. I'll take a break. But Bill Clinton said yesterday that for the first time, he truly fears for the republic. Or he said, democracy. That he -- he suggesting that if the Republicans win, we're going to be a fascist nation. The fascism that I worry about, I have seen from the left. Not from the right. There is no, you know, national emergency on everything coming from the right. They're not building up more and more power. And I fear that this is a -- a trial balloon. Or sending out the message, that, you know, democracy is on the ropes. But I wanted to ask you, have you ever heard a president of the United States say that before? About the American people, and half of the country? We'll get your answer, when we come back. It's Bill O'Reilly. And make sure you grab Killing the Killers. You can find special deals on it at BillO'Reilly.com. Killing the Killers. Perfect for Father's Day. All right.

Our sponsor this half-hour is Goldline. Michael Bury of the Big Short recently tweeted, when you see mention of the strong dollar, the almighty dollar, please remember, it is only in relation to other Fiat currencies. The dollar is not strong. It's not getting stronger. And we see it every day, in the price of things. You have to think differently. Please, think. Do not think like you've been trained to think. Like your mass media wants you to think. Your government wants you to think. It is a troubled, troubled time for the U.S. dollar. And if the dollar collapses and is no longer the world currency, we are living in at least a second world country, and it may be Venezuela. Please, you can lose money on almost everything. I have some -- some of my money in gold. And I will tell you, the one thing I haven't lost money on, especially this week, is gold. Gold or silver. Find they believe right now. Call them. At 1866GOLDLINE. Find out how to get 50 of the brilliant uncirculated Kennedy half dollars at no cost. With a qualifying order of their graded mint state 62 5-dollar gold Indians. This is the right time to look into it. Please, find out if this is right for your family. Do your own homework. Think out of the box. Goldline.com. Call them now. 866GOLDLINE. 866Goldline or goldline.com. Ten-second station ID.
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GLENN: So, Bill, let's talk about Bill Clinton and what he said yesterday. Your thoughts on that. And have you ever heard a president say that about his own countrymen?

BILL: I don't really take Mr. Clinton's hyperbole that seriously. You know, and that being said, he's the smartest of all the Democratic politicians in the last 30 years.

GLENN: Yes. Yes.

BILL: He was actually smarter than Obama, and Obama is smart. But Bill Clinton understood the tempo of the country. And, of course, he went -- he wasn't the doctrinaire liberal like his wife is. And then when things got rough for him, he pivoted very hard into law and order. No welfare. All of that kind of stuff. Because he knew the mood of the country was there. And you could say he's -- but I've talked to him a number of times.

GLENN: Sure.

BILL: He knows what's going on. So I don't really take that as anything seriously. I think that Bill Clinton knows if an aggressive wing of the Democratic party has now ruined the Democratic Party at least in the short-term. I think he well understands that. That's what should have been asked, if the interviewer had any sense. But, of course, you know, what's going on there. Because Clinton -- he -- he's not -- he's not like Hillary. I mean, he's not that. I saw what he is. But I said within okay. This is just playing for the crowd. Whatever he thinks they want to hear, he's going to say.

GLENN: I think Bill Clinton would be a -- you know, a guy who is -- you know, a little corrupt, if you will. But I think the Clinton initiative and all the real deep corruption comes from his -- his spouse.

BILL: Yes.

GLENN: Bill, tell me about this weekend. What do you have planned, and what do you have on sale for BillOReilly.com?

BILL: Well, my urchins are going to take me out to dinner, but when I asked them who was paying for the dinner, there was silence.
(laughter)

GLENN: That's strange. I have the same thing. Oh, you're taking me out to dinner. Oh. And I'm paying. Okay.

BILL: Yeah. Yeah. So no appetizers.

GLENN: Yeah.

BILL: If you've been to a restaurant lately, number one, they're jacking up the prices like crazy. And, number two, they're cutting the portions. Come on. So that's what they're doing.

And then, two, if you haven't gotten dad a gift, please don't. Use your mind and we have a deal on BillO'Reilly.com. That if you give dad a premium membership, you get any book free, including the number one book in the world right now, Killing the Killers. But you can get any of my books free. And if you buy Killing the Killers outright, we'll give you Killing the Mob free.

And I'm doing that, Beck. Because, you know, I do feel sorry for wage earners. And they're getting hammered and they don't know what to do. So I'm going to give you something free, I'm going to give you something free. And that's the way we are. That's the way we are. We are generous guys.

GLENN: Yeah. I will tell you, Bill. When people like you or people like me are shocked at the gas pump and say, good heavens. I mean, this is insane. When it is affecting people like us, I cannot even imagine the average person. God bless you. Thank you, Bill. Have a great Father's Day. BillO'Reilly.com.

WWII Pilot: What Hollywood Left Out from ‘Masters of the Air’ TV Series | Glenn TV | Ep 346
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WWII Pilot: What Hollywood Left Out from ‘Masters of the Air’ TV Series | Glenn TV | Ep 346

There’s a lesson or two (or 20) today’s younger generations could learn from the men and women who served in World War II. "America’s Greatest Generation" suited up, stared evil in the face, and they did what needed to be done to protect freedom ... often with zero complaints. "Saving Private Ryan" was the first depiction to come close to what WWII veterans truly experienced and then "Band of Brothers" and "The Pacific" did the same. But until recently, there wasn’t a similar production showcasing the heroes who spent much of the war in the sky. Finally, "Masters of the Air" is doing just that. One of the pilots who helped inspire the series, John "Lucky" Luckadoo, joins Glenn in-studio to share real-life war experiences with the Air Force’s "Bloody Hundredth" bomber unit that Hollywood will never be able to fully capture — like how pilots could barely breathe while flying the B-17 planes and the one aspect of war he chose never to focus on: "I worked my tail off," he says, rather than fixating on the reality that he may never make it home. Plus, "Lucky" gives a brutally honest answer on how he dealt with the psychological pressure of World War II, and he shares one part of the story of the "Bloody Hundredth" that Hollywood chose to leave out ...

What the Latest CPI Report & Soaring Gold Prices Mean for YOUR WALLET
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What the Latest CPI Report & Soaring Gold Prices Mean for YOUR WALLET

The price of gold just hit a new all-time high and that’s NOT a good sign. Plus, the CPI report for March has released and it revealed that inflation rose faster than expected yet again. But of course, the Biden administration is bragging about how gas inflation allegedly went DOWN. Financial expert Carol Roth joins to explain what the gold and CPI news means for your wallet, as well as why the White House’s data is “trash.” Plus, she reveals a new way that small business owners can vent their frustrations to Congress.

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth, I know we have a lot to talk about. So just quickly, I woke up this morning.

Looking at gold prices.

And it was kind of -- kind of impressed, on how they're skyrocketing. And I remember, a conversation with the gold guy.

Who said, don't ever, ever look at gold and say, gee. I hope it goes up because of my portfolio.

And we were talking about $3,000 an ounce. And he says, do you realize how crazy the world has to be, for gold to be at $3,000 an ounce?

It's over 2400 right now. We're headed there quickly.

CAROL: Yeah. You remember a discussion that I and I had with a group of people, I believe, in November of last year. When people were saying a similar thing. When is gold going to break out? And you and I were both communicate the idea that gold is really a hedge against all kind of insanity. Things like inflation. Things like the crumbling standing of the dollar. Things like war.

And so when you see that gold continues to rise. Even in the face of things like rising yields on bonds. I mean, normally, there's a lot of push back there. We saw that as bond yields had gone up.

People were moving away from gold. Because you weren't getting that same interest rate. You know, gold does not produce an interest rate. So there is a different reason why we are looking at gold. And some of the things that we're talking about are a bit more structural. Perhaps gold is playing a bigger role in things like settling international commodities. Trades. And trading between countries.

Particularly, the BRICS nations. But, again, all of the things that are the signals, none of them are good for us here in the United States.

You have the signal as, oh, well, it's just because trade. Well, that's not good for the US dollars reserve currency. And that's not good for, you know, inflation over the long term and our purchasing power.

And so all of these things have a mechanism. And when you see so much interest in gold over the past few months. When it has been very steady for -- for a while.

That breakout is giving you additional information. And like you said, this particular case, I think that information is coming from lots of different places. And not one of them is good.

GLENN: Oh, yeah. One of them is, we're hitting the point where our -- our debt, the interest on our debt is going to be 1.6 trillion dollars a year. That's more than Social Security.

It's the biggest. It will be the top line on our budget now, is just the interest. Because we have an adjustable mortgage in America.

And the fed, I think is out of bullets.

CAROL: Yeah. I've been making this argument now for a couple of years. That the fed's monetary policy isn't effective. Because they are -- they're trying to control, demand, and so many of the issues that we've had are on the supply side.

Additionally, we've been headed. And I think we are in today, this period of fiscal to me unanimous. And as we've talked about before, that just means, that fiscal policy plays a bigger role in what is determining economic outcomes and monetary policy.

On its face, that is sort of neutral physical dominance. In our particular situation, it's very bad. It's because of the debt. It's because of the deficits. And it's because of the fact, that we have it these massive interest payments. And continuing deficits, that need to be financed and are creating this vicious loop.

And as we know, there are -- there is not a lot of ways to finance the debt.

There certainly are not a lot of buyers. And we say that this week. There was a Treasury option, for ten-year Treasury notes, that did horribly. It was rated a D by (inaudible) CNBC, who was very, very smart.

GLENN: Oh, my gosh.

CAROL: D, by the way, I don't know if you know this. Is right next to F. So that is a very bad position, to be in.

GLENN: We've always been AAA, haven't we?

I mean, for ten years.

CAROL: So there's a debt rating. And that's done by the rating agencies. These are the bond options.

This is when the Treasury goes out to the market. And says, you know, how is it that, you know -- how did we do?

How many buyers were there? Who were -- who wanted to buy our debts?

And so this happens on a regular basis. And, you know, people who watch this. They give those auctions a grade. To say, how did we do?

Were there a lot of buyers? Not a lot of buyers.

So this particular time, there were not a lot of buyers. And the banks and the security dealers. Had to stock up a lot of that debt.

It's pushing us to this path of monetization. Again, that we've been talking about. That means, we're buying our own debt. And that is inflationary.

So even if we're not getting things like rate cuts, that potentially could stoke inflation. You're going to get this monetization of debt, which is inflationary. Which is why I've been arguing that inflation is sticky. And it doesn't matter if the fed goes high or low.

It's getting us on either side, until the government gets its act together. They are driving the show. It is that fiscal dominance.

GLENN: Tell me about the Consumer Price Index.

And the wholesale index. The numbers don't make sense.

For instance, fuel is not an inflation -- isn't in inflation right now? Look at the price of fuel. What do they mean?

CAROL: So you know who loves the data coming out of the government right now, Glenn?

GLENN: The government.

CAROL: Oscar the Grouch. You know why? Because the data is trash. It's absolutely trash data.

Not only have we seen adjustments on a regular basis.

The scope of which, we have not seen in a long time.

The numbers always get adjusted. But we have not seen these massive adjustments, that we have been seeing.

We also have a phenomenon, where people and entities, who are responding to the surveys. Where they collect the data, don't want to do that anymore.

Either they don't want to be board.

They don't trust the government with their data. Whatever it is.

They don't want to give up their competitive advantage.

They're having fewer people respond to these surveys. Which means that there is more of this projection and biases in the survey. So that's why we saw, you know, the CPI, which is the Consumer Price Index. That's where they go out and they survey households, that came in, higher than expected.

We all expected that it would be an uptick. Because as you said, we know the price of oil and other commodities would be going up. So this was not a surprise to any of us who live in the real world.

So that was somewhat reflected in that data. And certainly, the -- the market had reacted to that, and said, oh, well, if that's the case. The fed can't cut. Then we have another measure of inflation.

Because they measure it in different ways. This is the producer price index. PPI. Which is the wholesale measure of inflation. This is what they're supposed to tell you what's coming. Because the inputs that go into your goods and services give you a sense of what is coming down the pike.

And this was the one that was the head scratcher. Because it was not -- there's a huge disconnect between these two measures always. But even a bigger disconnect. The one as you said, everybody is going, what's going on here? Related to energy.

So floating around on social media yesterday, there was a chart about the season 58 adjustments. Again, the manipulation of the data that they do. And if you look at that, it showed you that gasoline for the month, was down 3.6 percent. I think it was.

But if you did it --

GLENN: Yeah. 3.6.

So if you didn't seasonally adjusted. It would have been up 6.3 percent.

That's a really big swing. That's like a 10 percent swing, between the two of them.

So, again, Oscar the Grouch data here, certainly we're going to get another measure in a couple of weeks here. One called the PCE. The personal consumptions expenditures index. This is the fed's, quote, unquote, favored measure.

I don't know. Maybe they like the people who do it better. It's a little bit more broad. That's what they tend to make their policy decisions on.

But the media and everybody is focused on the CPI. So it makes it very difficult for them. Or at least adds another layer of difficulty. Because they will do whatever it is, that they want to do.

When that is going up, for them to say, well, inflation is under control.

We can go ahead, and start to cut interest rates. Which is why I think everybody needs to be paying attention, to their other tools.

Which relate to the balance sheet and debt. And what they're going to do there. Because that's just a different way for them to be cooperatively.

GLENN: They're not going to do anything. They're not going to be doing anything. I mean, he's not addressing inflation. Biden is spending more.

He's now, again, forgiving more at the time. Trying to get people into houses.

I mean, he is -- we're just giving away the store at this point.

LEE: They have -- we have been saying this since day one. They've been working in the opposite direction. If you wanted to help the fed get inflation under control at the government, you should have been working with them.

You should not have been running up leftists. You've been doing. Putting into place, policies that help supply issues, instead of hurting supply issues.

Every single thing this administration has done, has been a barrier, not only to you keeping your wealth and your purchasing power. But what it is, the fed has been doing.

And that's the fight that the fed has been having.

And I just think, at some point, they're going need to be real explicit. And say, we can't do anything. Until our partners get on the same page.

But, you know, everything is political.

GLENN: It doesn't happen. That's not going to happen.

CAROL: Yeah, not going to happen.

GLENN: When we come back, she actually has been invited to be somebody who testifies in front of Congress.

Carol Roth, in front of Congress, testifying as an expert, by the end of the month. On small businesses. And she's going to be talking about the FinCEN thing that's going on with LLCs and small businesses.

Where you have to register all this information, or you're a criminal.


CAROL: Yeah.

GLENN: And it's going to devastate small businesses. Small LLCs. And it affects so many people. She will be testifying.

But here's the good news. She wants to use information, that maybe you have.

To back up her testimony.

And we'll talk about that in 60 seconds.

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No. I think our banks are fine.

Everything is doing really well. Just a quick update. The AT&T Tower in St. Louis went for $3.55 million. That's a good, solid $2 a square foot. Sold for $3 million. It was sold for over 205 million, just about 15 years ago.

So no. There's nothing to see here. Nothing to see here. Carol, let's talk about small business.

CAROL: Yes.

GLENN: Take me through. In case people don't know what FinCEN is. Or what people are requiring them to do.

This is the criminal arm of the Treasury. And they're asking everybody who has an LLC or a small business to register.

CAROL: Yes. So this is called the CTA, BOI rule.

And basically, what it said, and this was passed by Congress.

Was vetoed by President Trump. And then they went back, and Congress overturned the veto, and gave this arm of the Treasury, which is charged with preventing financial crimes. Sort of free rein.

And they said, okay. We will create a database. And if you have any sort of entity, if you have an LLC, even a single member LLC, an S-Corp, a C-Corp, any sort of entity, and you're a business. You need to register with us. The financial crimes enforcement network. Because we want to prevent money laundering and cartels. And, of course, you know, I'm sure all of those people are going to self-report.

But they exempted.

GLENN: All the best cartels do.

CAROL: They all do. Well, we will do these things. We will make sure that FinCEN gets euro information.

They exempted all the big businesses. So this is unfairly targeting small businesses, so the updates. A few things that are what are happening. And we can certainly go more into this. I have been invited by the house. Small business committee, to be an expert, to testify and, you know, obviously testify against this. And how bad this is for small businesses.

And how unconstitutional at the end of the month.

What I am doing is I am bringing statements from small business owners. Because it's great to hear my statement. But if I can show up there, and say, I have hundred. Or 200 small businesses.

And here's what they have to say about this. And they're all outraged.

That holds a lot more weight.

So anyone who owns a small business. You support small business. Go to CarolRoth.com/CTA. That's CarolRoth.com, slash, Charlie Tango Alpha. And I made it really easy. I have given it a form letter, that if you want, you can borrow some of it. You can borrow all of it. You can borrow none of it, but I am going to show up at Congress with this staff from small business owners to say, you have heard what I have had to say.

Now, listen to what small business owners from across the nation, have to say, to try to get them to overturn this.

GLENN: Now, could I -- because today is not the day for me to write something. Because I'm in a very bad mood.

But I could -- could I just write to you and say, yeah. Here's what I would like to say to Congress.

I'm working my ass off, so I can keep my family afloat. And the families of all my employees, and you guys are just making my life more and more difficult, with more and more restrictions and -- and guidelines.

That nobody in Congress passed.

And are not good for the American people.

I've had it!

CAROL: Please do. Again, CarolRoth.com/CTA. Please do that. And I actually think being in a bad mood is a good time to write it, because that's when you will be honest. And that's when you will --

GLENN: I will write today then.

CAROL: Yeah. And so -- and speaking of helping, so one of the things that you did, that was very generous, Glenn. You offered to put forth a lawsuit. And I agreed. We cannot do that. Because we have been outspoken. But the good news is that there are two new lawsuits against this, that have also popped up. So we have a lot of really good momentum. And appreciative to you, for all of your help.

GLENN: Okay. Okay. So give me the address again. It's CarolRoth.com/CTA. Correct?

CAROL: Correct.

GLENN: Okay. CarolRoth.com/CTA. If you're a small business owner, go ahead.

Vent a little bit. You will take it to Congress. Thanks, Carol.

Why the Elites WANT You to Be POOR
RADIO

Why the Elites WANT You to Be POOR

Elites, especially on the Left, always say they want to help the poor…but then, they turn around and sell out blue collar workers while encouraging illegal immigration! In fact, economic turmoil is making MORE people poor. But that’s exactly what they want, argues “Second Class” author Batya Ungar-Sargon. She joins Glenn to make the case that the elites “want everybody to be poor because they control the college-educated and the poor…that’s how the Democrats win.” Plus, she explains what the working class actually wants, and it sounds a lot like a certain presidential candidate…

Transcript

Below is a rush transcript that may contain errors

GLENN: Batya, welcome to the Glenn Beck Program. How are you?

BATYA: Oh, man. Thank you so much for having me back, Glenn!

It's a pleasure to be here with you.

GLENN: You bet. You bet. So I have been saying for a while now, as I'm looking at what the western world, the elites are doing to their own countries.

And our own civilization. They are impoverishing people. They are giving our stuff away, to other people.

And I mean that in Europe and here where -- where illegals are just permeating the country. And the jobs are going there.

They're -- they're disarming us. They're -- they're selling us, bound and gagged to our foe, it feels like.

Is that what's happening?

BATYA: Yeah. Yeah. 100 percent. Glenn, you have been on this for such a long time. Because you're so clear-eyed about this. There has been a massive plunder of the middle class by the elites. First, they shift good manufacturing jobs overseas to build up China and Mexico's middle class.

Then they said, they're not coming back, right?

We're never going to get those jobs back. If you want the American dream. You will have to go to college. Where you'll become a card-carrying Democrat. Right? And now they opened the border and brought in 15 million illegal migrants from failed socialist states just to undercut the wages in the jobs that remained here.

And it's because fundamentally, to the elites. There is no difference between working class and poor.

They want everybody to be poor because they control the college educated and the poor. That is why they're trying to get everybody out of the middle class, and either into the college credentials. You know, leftist elites or to make them poor.

Because that's how the Democrats win.
GLENN: While I've never heard that opinion before, I think, where they were intentionally doing it because they can control the poor.

BATYA: Yeah. Absolutely. Otherwise it makes no sense, right? Where does the contempt from the working class come from. Where does this plunder come from? Why did they sell out labor?

Remember, the Democrats used to -- to making working class people poor, with these policies, that you talk about all the time, Glenn.
Opening the border. Bringing in massive, massive amounts of competition for the working class.

Like, who would do such a thing, right?

And it's not on accident, Glenn.

Of course, this is all intentional. Joe Biden showed up on day one.

To the executive Trump orders. Which secured the border.

Which would sun do that on purpose, if they didn't want that before?

GLENN: Well, it's amazing to me that the labor unions were part of it. The Democrats were for labor, you say. They were always -- they did seem to represent the working class much more. But it was their love of the labor unions.

The labor unions are still with them. As they are helping them dismantle American jobs.

BATYA: 100 percent. And I think that's why, you see only 6 percent of the private sector is unionized. Working-class Americans, they may want the wages and the protections that unions can get their members.

But they see the unions, actively supporting the party and the policy, of importing their competition.

And so, they don't see a future for themselves, in the labor unions. And, you know, Joe Biden likes to say, he's the most pro-union president to ever rule. Maybe that's true. But the unions themselves, are no longer able to represent their actual members.

GLENN: Correct.

BATYA: I have to say, I thought it was great that Trump met with the teamsters. And he got a donation for the RNC from the teamsters.

Because it shows that the teamsters are listening to the rank-and-file. Who, of course, prefer Trump.

GLENN: So you say, that the working class, in America.

Is super diverse.

But united on the policies, that they think would Mike their lives better.

And you say, that is true, whether you're Republican or Democrat.

Where is that unity on policy?

What are those policies?

BATYA: Right. For my book, second class. How the elites betrayed America's working men and women.

I traveled around the country for a year, interviewing working class Americans of all races, all backgrounds and religions. And many, many, many different industries. Totally across the country. And what I found was so much more unites them than divides them.

First of all, polarization, a totally elite phenomenon. And I know your listeners know this. Because I know you have a strong working class listenership.

They know, that they would never hate their neighbor, just because they happen to vote for another party.

They hate both parties, by the way. You know, there is a lot of contempt for the elites in the political class, who love to go to Washington and fight with each other, pretend they're fighting with each other.

While both parties turn their backs on labor.

Here's what I found was the most common view.

So I met a lot of people. Including a lot of Christians. Who had a gay person in their life, who they wanted to be treated with respect. But they were extremely worried about the transgender agenda.

I met a lot of people who were really unhappy about how much welfare there is. And new people who were scamming the system.

And they were very frustrated by that. But they also really didn't like that corporations seemed to them, to be, you know, against their interests.

And that they -- there was so much support for corporations. And not for them.

They were very against immigration. Most of the people, I interviewed.

Including the Democrats, wanted something like a total moratorium on immigration. But they also felt like there should be some sort of government backed -- catastrophic health care.

They couldn't stand the idea that they work with their hands and do physical labor, and they can't afford good health care. So you see how their views are sort of united?

The working class, but neither party really aligns with those set of views.

GLENN: So how come -- because you would say, I don't want to make this into a partisan thing.

I think I have to. When you're looking at Donald Trump, that describes him, respect for gay people.

You know, he is -- he is -- he is the first person to ever have gay people openly speak at the convention.

He's very open to that.

But he is also -- doesn't want to be harmful to transgender people. But is against all of this craziness.

When it comes to -- the -- the -- they're very much against immigration.

That's huge. And that's Donald Trump. How is it that you don't see Democrats looking at some of these big, big items. And say, okay.

Well, clearly, this side is -- is totally against everything I really believe in.

How about the Democrats?

BATYA: Oh, we're definitely -- we're definitely seeing that. Trump is now polling at 35 percent of black men. He's going to get much more than that.

So 2020, he got -- he was polling at 8 percent of black men, and he got 18 percent.

He's now polling at 35 percent of black men. He has the majority of Hispanics polling for him. We're seeing a mass defection of working class people of color, away from the Democrats who are actively undermining them and their future towards Donald Trump.

I will tell you something else, Glenn.

Donald Trump is the consensus candidate, that Joe Biden pretended he will be. You're so right.

His entire agenda is right at the 50-yard line. It's where 70 percent of the Americans are. And 0 percent of the elites. So we are seeing mass defection from the Democrats to Donald Trump. In the working class. And we're seeing the elites, you know, the Nikki Haleys, G.O.P. elites will probably vote for Joe Biden.

That's the political realignment that we're seeing. The rich are moving towards the Democrats. Or have moved to the Democrats. Including conservative rich people. I bet you. We know that Wall Street gave more money to Joe Biden, than they did to Donald Trump.

That's not an accident. I think you're completely right about that.

GLENN: Well, not all rich people support Joe Biden. I want you to know that.

GLENN: So the elites, at what point do you think we break through the ice, on people realizing, that it's not Donald Trump and Joe Biden.

That it is truly, the elites against -- you know, people who say, hey. Can you pay attention to us in America?

First, can you just -- can you not continue to just put me under water. When are we going to break the lie that, and stop playing the left/right game. And realize, it's these people who think they're better than us. That are just trying to put their foot on our neck, all the time.

BATYA: I think this election is going to come down to the working class.

And I think it will become totally unignorable after that. The question is: What happens after that?

These working class people aren't voting for the Republicans. They are voting for Donald Trump. And if the G.O.P. wants to keep these voters, they have to stop pushing tax cuts over everything else. And they have to start listening to the working class. I interviewed 100 people, and 25 of them are quoted at great length in my book, second class.

You want to hear how working class people, who agree with you, about woke. And agree with you about conservative values.

But very much need an economic agenda. They need the G.O.P. to stop pimping them out, on the altar of the woke ideas, that they agree with.

But that, you know, tickle the pickle of the conservative elites, right?

And start creating an economic agenda, for the working class. The first party, that gets to that combination of house care, plus controlling immigration, is going to have a ruling majority.

GLENN: Hmm.

Batya, thank you so much for being on.

The name of the book, again, is really all about everything that we're doing, right now. Everything you're feeling right now. It's called Second Class.

Batya, thank you so much.

Democrat’s INSANE Claims About the Moon & Sun BREAK Glenn’s Brain
RADIO

Democrat’s INSANE Claims About the Moon & Sun BREAK Glenn’s Brain

We have a new contender for “most insane thing a politician has said.” While speaking to high school students, Democratic Rep. Sheila Jackson Lee claimed that the moon gives off energy, is made of gas, and because of that, might not be possible to live on. She later insisted that she misspoke and was talking about the sun … BUT she also stated that it’s “ALMOST impossible to go near the sun” because it’s too hot. Glenn and Pat review these … interesting … claims, as well as Rep. Jasmine Crockett’s latest argument for reparations.

Transcript

Below is a rush transcript that may contain errors

PAT: You know, you've been pretty hard on our representatives in Congress today. I think unfairly so. Unfairly so.

GLENN: Unfairly so. Unfairly so. Okay.

PAT: Because they're doing some solid things too.

GLENN: Really? Are they?

PAT: Maybe not the ones who are on the take on the insider trading.

GLENN: Right. Which is about 75 percent of them.

PAT: But other 30 percent, they're on the job.

GLENN: The other 30 percent.

PAT: They're educating Americans. Sheila Jackson Lee was out speaking to high school kids, for instance. And she was talking about the moon. You know, because the moon was just in front of the sun and blocked it for a while. So I think she had some interesting facts on the moon.

GLENN: Oh. Really? On the eclipse. And the moon.

Really? Okay. Here she is.

VOICE: Provide unique light and energy, to say that you have the energy of the moon at night.

And sometimes you've heard the word "full moon. Sometimes you need to take the opportunity just to come out and see, a full moon is that complete rounded circle, which is made up mostly of gases.

GLENN: What?

VOICE: That's why the question is why or how could we as humans live on the moon.

PAT: Right.

VOICE: And the gas is such, that we could do that.
(laughter)

VOICE: The sun is a mighty powerful heat. It's almost --

PAT: Almost. Almost impossible.

VOICE: -- impossible to go near the sun. The moon is more manageable.

PAT: Yeah.

VOICE: And you will see in a moment -- not a moment, you will see in a couple of years, that NASA is going back to the moon.

PAT: Right.

GLENN: With all that gas?

PAT: Yeah. Well, yeah, because it's manageable. And it's a gas such that, you can stand on it.

GLENN: You can stand on the gas.

PAT: Almost like the gas was a solid.

GLENN: But it's not.

PAT: It's not. It's gas.

GLENN: Okay. So it's not -- now, see, I'm learning a lot here.

It's not impossible to stand --

PAT: No. But almost, on the sun.

GLENN: On the sun. Yeah. Right? When you go there, you'll be uncomfortable, if you try to live there, on the sun.

GLENN: I've been to places where it's hot before.

PAT: Right. It will just be a little hotter than that.

GLENN: A little hotter than that.

PAT: Big deal. Big deal.

GLENN: An air conditioner. Okay.

So I didn't know -- because I thought it was impossible to stand on gas.

PAT: Yeah.

GLENN: You know what I mean?

PAT: Yeah. She's saying that this gas is such that it's possible, to live there, and to stand there. Yeah. Because we already have, obviously.

GLENN: And hang on just a second. What was that full moon, thing?

PAT: Yeah. It's like a full circle. When you see the entire circle. The round thing in -- orb, in the sky. That's the full --

GLENN: You're not supposed to look at that round orb in the sky.

PAT: No. That's okay to look at. Its energy is such that --

GLENN: Oh. The moon's energy.

PAT: The moon's energy. And the moon's light.

It's a pretty good light.

GLENN: It's more of a night light.

It's kind of nice.

PAT: Yes. I don't think she understands the moon doesn't have its own light. I don't think she knows that.

GLENN: I don't think she knows that either. I don't think she thinks.

PAT: It's awesome. Is that incredible? Wow!

GLENN: Gas.

PAT: Yeah. The moon. Gas.

GLENN: You know what, could you play that again?

Because notice, no one laughs.

PAT: Right. Because she is not joking.

GLENN: I'm not sure -- right. I know. But no one laughs. I'm not sure anyone in the audience knows she was wrong.

VOICE: Provide unique light and energy. So that you have the energy of the moon at night.

GLENN: No, you don't.

VOICE: And sometimes, you've heard the word "full moon."

PAT: You've heard that, yeah?

VOICE: Sometimes you need to take the opportunity just to come out and see, a full moon is that complete rounded circle, which is made up of mostly gases.

PAT: Right. Right. No.

VOICE: That's why the question is why or how could we as humans live on the moon.

GLENN: We don't.

VOICE: The gas is such that we could do that.

GLENN: We don't.
(laughter)

VOICE: It's almost --

PAT: No. Almost.

VOICE: -- impossible, to go near the sun.

PAT: Impossible. Almost. But not --

VOICE: And you will see in a --

GLENN: I -- I --

VOICE: You will see in a couple of years, that NASA is going back to the moon.

PAT: Okay.

GLENN: The gas. With the gas.

PAT: Yes. To stand on the gaseous moon, so it's going to be cool to see.

GLENN: Wow. Wow. So how much gas do we get from the moon?

I mean, it must cost Exxon a lot to get the gas to the pump. Or is there a way, do we have a hose running from the pump?

PAT: To get a gas from the moon to here?

It's a pipeline. It's a pipeline from the moon.
(laughter)
She has been representing her district in Houston, Texas, for over 30 years. It's -- wow. She should never talk about space, ever again. Or anything else, for that matter.

GLENN: But definitely not space.

PAT: She was at NASA, and asked them while she was doing a tour of NASA, about whether or not you could still see the American flag that was planted on Mars. That was the -- like late '90s or early 2000s.

GLENN: We didn't plant one.

PAT: No, we didn't.

GLENN: We've never been -- wait a minute. That's new. I knew we didn't bring a flag.

PAT: Didn't bring a flag. God forbid. We forgot the flag, and then we forgot to put the human on Mars. So, yeah. There was no human on Mars.

GLENN: Right. We forgot to put the human on board too. Who was responsible for that?

PAT: In years.

GLENN: We landed a ship down there. And nobody was on board.

PAT: Pathetic.

GLENN: Did it slip into the gas?

PAT: No. Not on Mars. What are you, stupid?

PAT: Not on Mars. It's the moon that's gas.

GLENN: Right. Mars is cheese.
(laughter)
How do you get that butt stupid?

PAT: I don't know. I really don't know.

GLENN: Seriously. How could you -- because if you were sitting in a meeting. Now, imagine this.

Okay?

You've been to meetings where you're like, this person is a moron. But you're doing work. There's something that you have to -- I just -- you just have to plow through it. You have to get through it. You're selling this person, something. Whatever it is, you're doing for a living.

And you're sitting in that meeting. And they say something stipend. And you just have to go.

PAT: Hmm, yeah. Huh.

GLENN: Huh. And you just move on, right?

PAT: Yeah. Yeah.

GLENN: I don't think I would have the human restraint.

PAT: No. No way.

GLENN: To sit in a room, and have her say, and, you know, that's the full circle. And it's mainly gas. I don't -- I don't think I could do it. I think this is a really -- don't do this, kids. Because Jesus would not have done this. But I'm telling you, I probably would have. I probably would have played with her like a mouse and a cat. I probably have been like, wow. Really? Gas? What kind of gas is that? I think I would have --

PAT: That is such that you can land on it, and live there? I would like to know. Yeah.

GLENN: Yeah. And so this gas, does it have any air in it? Or is it just oxygen?

PAT: Or is it like a -- like a really hard gas, like a rock gas? Sort of thing. Is it that?

GLENN: Well, I know we brought some dust back. So we know it's a dusty gas. Oh, I couldn't do it.

PAT: Wow. That is --

GLENN: Speaking of representatives in Houston. Let me give you this. This is from the black lawyer's podcast. Which I listened to all the time.

This is Texas Democrat representative jasmine Crockett.

PAT: She is really good too.

GLENN: Is she?

PAT: Yeah.

GLENN: She is suggesting now that black Americans shouldn't necessarily have to pay any taxes. Here she is.

VOICE: Just this past week, I don't remember, which celebrity. But it was actually a celebrity.

And I said, I don't know that it's necessarily a bad idea. I would have to think through it a lot. One of the things that they propose is black folk not have to pay taxes for a certain amount of time, because then again, that puts money back into your pocket.

But at the same time, it may not be as objectionable to some people about actually giving out dollars. But obviously, you start dealing with the tax brackets, and things like that. And that's one of the reasons that we argue, that reparations made sense.

PAT: Uh-huh. That's powerful. Isn't that a powerful point?

GLENN: I so want to ask her about the moon.