RADIOMay 07, 2024

Is the Economy About to Return to 1970s-Era Stagflation?

After April’s dismal jobs report released, some experts started wondering whether America has entered a period of stagflation. But what does that mean? And should we trust the data? Financial expert Carol Roth joins Glenn to break it all down. Plus, she reviews “one of the most painful” videos she has ever watched, featuring Biden economic adviser Jared Bernstein trying his hardest to explain why the Federal Reserve’s never-ending money printing is fine.

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth, the author of the book, you will own nothing. The former investment banker. Carol, yes -- or last Friday, I think it was. The jobs report came out. It was much lower than expected.

And I started seeing things like Bank of America saying, we're in stagflation now.

Are we? And if so, what is it?

And what does it mean?

CAROL: Well, let's talk about some of these data points, Glenn. And then we can go into stagflation. First, we've seen a couple of bad data points. And as we've talked about before. The data is garbage. So we're doing the best we can, what it is they're telling us, without any sense of the actual reality behind us.

We saw before the jobs report, that the first quarter GDP was down, about a percent lower than expectations. Down to 1.6 percent on an annualized basis.

Then we get the April jobs report. And that is also down. It's the slowest job gain. That we've seen in -- I think about six months.

Again, if you believe the data. And what that first is telling me, is that all of this money, that the government has spent to basically window dress the economy. To avoid the double-digit recession.

Remember, we did have a recession. Two quarters of negative growth back in '22. Then we popped out of it. Then we expected that it would employ it down. The government ran these massive deficits, about two times the historical average, on a debt to GDP basis.

That we would normally see. And they tried to prop up the economy. So it wouldn't show we were in a recession. At a very expensive cost, by the way. Normally, when you have an expanding economy, you would see a shrinking deficit. They have did you not opposite.

They ran a big deficit, to try to create this appearance. And with an interest rate. Financing that deficit. You know, at the largest point in 15 years.

GLENN: Right.

CAROL: So we know we are not getting a good return now, on this window dressing. And it is not creating these amazing outcomes for the economy.

You know, on the GDP front. On the jobs front.

Which again, could turn around. It's one set of at that time points. Would shift.

Stagflation is something that I talk to you about. I have been talking about for years. As a very possible outcome here.

And it's very much what it sounds like. It's when the economy stagnates. When you have a low growth number. But at the same time, you have inflation.

So you have sort of the worst of all worlds. You're not making gains of productivity.

You're not making, you know, gains in wages and things like that.

The economy is just hanging out. But you get this long-term sticking inflation.

Which again, we said was very likely, because the government continued to spend at these massive levels.

And they were working against what the fed was trying to do, to break down inflation.

So they are actually at this point, a likely cause of long-term inflation.

Because we have to continue to finance these massive deficits.

And so that's the reality of this sticky situation.

When you hear somebody, like JPMorgan's Jamie Dimon saying, I'm worried that the economy is going to look more like the 1970s, than anything else, this is something that they experience. Experience at that period of time. And he is seeing those parallels. Although, we're in a much worse fiscal situation from a fiscal foundation standpoint, than we were strangely enough in the 1970s.

GLENN: Because of our deficit and debt.

CAROL: Correct.

GLENN: Yes.

So this means that jobs, everything just is the same. It doesn't get better. It could get worse. But it doesn't generally get better for the individual. And prices continue to go up. Right?

That's what --

CAROL: Correct. You're not seeing your growth in wages. You're not seeing massive growth in companies.

The economy just sort of putters along.

You know, you're not seeing the massive layoffs. Or things you might see. With a recession.

Things are just kind of going along.

But not really growing at all.

You're not seeing the light at the end of the tunnel. But at the same time, we're encountering that bond, going sticking inflation, that we know destroys purchasing power and is really born, particularly by the middle and working class.

GLENN: All right.

So Carol, I don't want to spend a lot of time on this. Because I have a couple of other things.

But you said, at the beginning of your conversation. You said, if you believe the numbers.

I don't believe the numbers.

CAROL: Correct.

GLENN: But the only reason you change and fudge numbers is not to stop them from looking so good. But stop them from looking so bad.

And the reason why I don't believe them. Is it's just too many times, where they've been adjusted. And there's always adjustments, but not like it's been in the last year or so.

And there's just contradictory information. If you're somebody who is listening now, and, you know, you don't -- you don't necessarily have that. You don't think that, you know, the administration would go that far, and fake numbers.

What leads you to say, if you believe these numbers?

CAROL: Well, like you said, there have been a lot of anomalies in the numbers. And, you know, if you -- you can kind of go back even further. You know, we've changed the method of calculation, of these numbers. At the governmental level, many times since the 1980s. One of the things you have to remember, for something like let's say inflation.

Inflation feeds into things like cost of living adjustments. The amount they have to increase Social Security payments by. So there is an actual reason why it is, that they would want to suppress those numbers.

Another piece of data which I think is very important. Is that entities and individuals no longer want to participate in government surveys.

So we have seen an absolute massive decline in the participation of the data that is being collected by the government.

Which means, when they don't have people in businesses, responding, there are more biases in the data, because it's a smaller subset of people who want to do it.

And it means they have to want to run it through their own adjustments. And seasonal adjustments. In the model.

And it's garbage in. Garbage out. You put bad data in, you'll get bad data out.

There are a lot of things. This isn't just the, hey. The numbers are adjusted massively. And we're seeing the numbers over and over again. Speaking to the bad data. There are some real structural issues as to why many of us think the data sort of isn't worth anything.

GLENN: By the way, we're talking to J.D. Vance in 15 minutes. Right now, we're with Carol Rother. I want to bring up something that is one of the most terrifying things I've ever seen. It's an interview where they're trying to make the case for modern monetary theory. Which is not modern. It's a very old theory. You can just print money, and no big deal. Nothing bad will happen.

And they talked to Joe Biden's economic adviser.

Now, I -- if you would, explain who Jared Bernstein is.

He is -- he is the chair of the council of economic advisers for Joe Biden.

But he's not just some schlub, right?

CAROL: Well, I mean, I will not opine on that. But what I will tell you, is that he's very powerful economically. This is Joe Biden's right-hand adviser who has been, by the way, since the Obama administration, he was Biden's adviser.

And this is the guy who analyzes and interprets economic developments.

He comes up with economic policies. He puts that forth to the president. He's been entrenched in think tanks. He's been a contributor to CBS. He writes op-eds. He was a chief economist, in economic adviser. You know, previously.

This guy is like from the left and far left standpoint. One of the people, who they hang their hat on, to be the economic adviser. And I don't know.

Are you going to play the clip.

It's one of the most painful things I've watched in my life.

GLENN: I want to get your comment on it. And I want to set up. This is a real player in the economy.

This is someone our government depends on.

Listen to him try to explain our deficit, and what's happening with our money. Listen.

VOICE: The US government can't go bankrupt, because we can print our own money.

VOICE: It obviously begs the question: Why exactly are we borrowing a currency that we print ourselves? I'm waiting for someone to stand up, and say, why do we borrow our own currency in the first place?

VOICE: Like you said, they print the dollar. So why does the government even borrow?

VOICE: Well, the -- so the -- I mean, again, some of this stuff gets -- some of the language that the -- some of the language and concepts are just confusing. I mean, the government definitely prints money.

And it definitely lends that money, which is why the government definitely prints money. And then it lends that money, by -- by selling bonds. Is that what they do?

GLENN: No. No.

VOICE: They -- they -- yeah. They -- they sell bonds. Yeah. They sell bonds. Right. Since they sell bonds.

People buy the bonds. And lend them the money.

GLENN: No.

VOICE: So a lot of times. A lot of times. The language and the concepts can be kind of unnecessarily confusing. But there is no question, that the government prints money. And then it uses that money to -- so, yeah.

I guess I'm just -- I can't really talk.

I don't get it. I don't know what they're talking about.

Because it's like, the government clearly prints money. It does it all the time.

And it clearly borrows. Otherwise, you wouldn't be having this conversation.

So I don't think there's anything confusing there.

GLENN: Oh, my God. This is -- would you feel --

STU: Wow.

GLENN: If that was your captain, and you got on to a plane, and he said, hey. We're going to be traveling at 40,000 -- 4,000 -- I can't -- how does this work again? Would you get on that plane?

CAROL: Okay. So I'm going to be generous here first, Glenn.

And then I'm going to be not so generous. The first generous thing I will say is that we've all been in the media for a very long time, you longer than me. And we've all had days, that are somewhat like this. Where we know something really well. And we just can't get it.

So I will -- it could be today for me.

There have been a few times. When I made absolutely no sense, on something I know very well.

So it does happen. That can said. Now that I've been generous.

This is sort of the chief architect of the US economy at this point. Going through a discussion about MMT. I call it magic money tree. I've heard that somewhere along the line. I thought that was great.

And their main thesis. Oh, you got the checkbook. You can just write checks. The question he asked. Which anyone who lives in Zimbabwe would probably know the answer to. Why can't the government just print as much money as it wants.

We all know it's highly inflationary. And we've been living through that for the past few years. That's the very short answer. Of course, there's nuance to this. Of course, there's wonkiness that we can go in and explain the Treasury and the Fed. Just very simple.

So it begs the question to me. Does he not know the answer? Or does he very much know the answer, but he doesn't feel like he could admit it.

And hasn't done the prep. Which, again, these are politicians. Politician mouthpieces. They could just talk around us. Which they do all the time.

I think the answer is that they are just entirely decoupled from reality. So they don't care.

They don't care what it is, Glenn. Money is something very discreet. Money has three definitions. It's a unit of account. It's a median of exchange. It's the value.

At the end of the day, putting it together, what is it? It's a proxy for productivity.

It's an estimation of the labor that you have. Because it used to be. If you were a farmer. You had apples. Somebody who was a doctor at doctor services. You would have to figure out that exchange. Now this creates something that is seamless. So it stands for something.

GLENN: Stands -- time is money.

CAROL: It is. It is your output. So if you don't have an increase in economic activity. An increase in productivity. And you put more dollars in the system. What are you doing?

You're putting in more sort of proxies for productivity. They're chasing the same amount of goods and services. It means that those goods and services have been inflated and valued. Because each one of those proxies are worthless. If you go to Congress. And you ask them, to give you that definition of money. That I just gave you.

Anyone who knows anything about economics. I guarantee you 99 percent of the people couldn't tell you that. And the people on the left do not care. Because it doesn't serve their purpose.

They don't care that this is a proxy of what you have worked hard for.

They want to inflate that away for their own power purpose.

So it is very inconvenient for them to understand reality.

And that's why he can't explain this.

GLENN: I think he knows what it is. But can't explain.

Because he doesn't. He doesn't want to take a position on it.

Because I think they're all in bed with MMT. So he can't -- he doesn't want to say, I am in bed with MMT. Because it's insanity. But I think he also extent can know how to bridge that gap. There's a huge gap between reality and insanity.

CAROL: There is.

GLENN: And I think that's what it is. He just doesn't want to be seen crossing that bridge. Because there's no sane reason to do it.

CAROL: No. And the fact of the matter is, you had all these MMT people, selling this fantasy. And up until a few years ago, there were a lot of people who bought into the fantasy. Although, many of us said no. This is something that stands for reality.

You can't just make it up. Just because you have a checkbook. You can't write unlimited amounts of checks. It doesn't work that way. We have now lived through the worst inflationary period in 40-plus years. And these MMT people have not gotten enough shame. They should be walked through the street and we should go, shame, shame, shame.

Because it's their BS they've been selling into the government, into schools, that has allowed this to occur. And has allowed this decoupling from reality. Because they want to believe in unicorns that, you know, fart rainbows.

SHOCK POLL: The % of Young People Who Support SOCIALISM is Insane

New polling reveals a shocking truth: young Americans aren’t just open to socialism... they overwhelmingly want a socialist president in 2028. Glenn Beck and Justin Haskins break down five alarming surveys showing massive ideological shifts among voters ages 18-39, including young Republicans. Why is socialism exploding in popularity, and what does this mean for the future of America? Are we on the brink of a political transformation or potentially even a national crisis?

Watch This FULL Episode of 'Glenn TV' HERE

Property Taxes are OUT OF CONTROL - And Here's Why! | Guest: Texas Gov. Greg Abbott

Texas Governor Greg Abbott joins Glenn Beck to expose why Texans are being crushed by skyrocketing property taxes — and how local governments, not the state, keep driving homeowners deeper into financial distress. Gov. Abbott breaks down his five-point plan to impose strict spending limits, force voter approval for tax hikes, reform out-of-control appraisals, empower citizens to slash taxes themselves, and eliminate school district property taxes for homeowners altogether. Glenn argues that property tax is morally wrong because it prevents Texans from ever truly owning their land, and Abbott lays out his strategy to fight both parties in the legislature to finally deliver lasting relief.

Joe Rogan & Glenn AGREE: We just got CLOSER to civil war

Joe Rogan recently warned that we may have gotten to Step 7 of 9 in the lead-up to civil war. Glenn reviews the 9 Steps and explains why he believes Rogan nailed this one. But Glenn also lays out what Americans MUST do to reverse this trend...

Transcript

Below is a rush transcript that may contain errors

GLENN: So if you take what Fetterman said yesterday about how people are cheering for him to die on the left, and then you couple it with something that was on the Joe Rogan show on Tuesday. He was saying that the reaction to the death of Charlie Kirk makes him think that the US is closer to Civil War than -- than he thought.

Now, let me quote him. He said, after the Charlie Kirk thing. I'm like, oh, my.

We might be at seven. This might be he step seven on the way to a bona fide Civil War. Charlie Kirk gets shot, and people are celebrating.

Like, whoa. Whoa. Whoa.

You want people to die that you disagree with?

Where are we now on the scale of Civil War?

Well, let me go over the scale of Civil War, because it's sobering.

Now, none of this has to be true. If we wake up and decide, I don't want to do this anymore!

Okay?

Here's step one.

Step one. Loss of civic trust.

Every civil conflict begins when people stop believing that the system is fair. Are we there?

We're so far -- we're so far past the doorway, we are comfortably asleep on the couch on this one. Gallup and Pew both show trust in Congress, the media courts, and the FBI government are now at record lows.

The Edelman Trust Barometer classifies the US now as severely polarized. Majority of Republicans distrust federal elections. Majority of Democrats don't trust the Supreme Court.

Americans are really united on one thing, and that is the other side is corrupt!

When faith in the rules collapses, the republic begins to wobble. But that's step one. Step two, polarization hardens into identity!

Political disagreement is normal!

Identity conflict is fatal!

But that's what Marxists push. Identity politics. This is when politics stopped being about policy, and started being about who you are as a person.

Have we crossed this one into step two?

I mean, we're neck deep into this. A study on this, from PRRI.

It's a survey, found 23 percent of Americans believe political violence may be necessary to save the that I guess.

I think that's an old study. Americans now sort themselves by ZIP code into ideological enclaves. The big sort: Universities, activists, corporations. Everybody is promoting oppressor versus oppressed.

And that -- does what?

It puts us into incompatible tribes. Opponents aren't wrong anymore. The opponent is dangerous!

If I go back and you look at civil wars, Lebanon, before 1975. Yugoslavia, before 1991. That's -- we're doing that. Okay?

Step three. Breakdown of the gatekeepers. The gatekeepers are kind of like the referees of society. It's the media, political parties, churches, civic leaders.

When they fail, extremism fills the vacuum. Okay. Where are we on this? Have our gatekeepers failed us?

Yeah. I think both parties, especially the left, you know, everything I predicted that the left was going to be eaten by the extreme left, and then the communists and the socialists is now happening.

They've lost control of the fringe of each party. Media transformed, you know, from referees into team coaches. Tech platforms. It's outrage for profit. Universities are not there to cool things down. They heat them up.

Churches. Churches are useless. Useless.

When the referees leave the field, the game devolves into a brawl. And the refs are gone off the field. So there are only nine steps. We're at step four. Here's step four.

Are you ready for this one?

Parallel information realities.

Civil wars don't require different opinions. They require different realities.

I remember reading about Germany, at the beginning of, you know, the Nazi era. How the two new newspapers. One was propaganda for the government.

And the other one, it was the last one that was kind of the holdout.

And they said, you could read them, and they would cover the same thing.

But they had almost no information was the same. Except, that happened yesterday.

Here's what they said. And then everything else was different. That's exactly -- I mean, step four is complete!

We can't agree on facts, right?

Crime rates. Border numbers. Inflation. Election security.

Two Americans can watch the same video. And see opposite truths.

Social media algorithms are creating customized political universes.

Digital echo chambers. Deepfakes. We're just at the beginning of that. And both sides accuse the other of running disinformation machines.

Why? Because we don't have a shared reality. So if you don't have a shared reality. How do you settle any dispute?

On the nine steps, we're up to number five. Coming in at number five.

Loss of neutral rule of law.

This out of the nine steps with, five is the pivot point.

It's not corruption, it's the belief that the law is no longer neutral.

Are we there yet?

Let me tell you the CBS you.gov poll. 67 percent say the justice system is used for political purposes.

I think that's low. January 6 defendants given years in prison, 2020 rioters were released. High profile political figures, prosecuted or shielded based on party.

FBI whistle-blowers alleging pressure to inflate domestic extremism numbers. States like Texas, directly defying federal directives, on border enforcement.

And now, leading the way, with the federal government.

History is really cold and unforgiving on this point.

Once the people believe justice is political! Remember, this is the turning point.

The republic stands on borrowed time. Once you no longer believe that justice is achievable. Step six.

Are we there?

I think we are.

Step six. Normalization of political violence!

This is where violence stops shocking the system. Are we there?

Remember, where violence stops shocking the system. Look at evidence just from Virginia. What they just voted for.

He was calling for the death of a -- a political opposition.

Calling for his children to be killed.

Was called on it, never apologized.

Never said anything other than, yeah. I know. He dug it deeper.

Was anyone shocked by it? Apparently not. They elected him. Here's the evidence. 2020 riots.
574 events. $2 billion in damage. Was anybody outraged by that? Or was it downplayed and excused?
Assassination attempts. Assassination attempts against the president. Supreme Court justice.

Fistfights. And mob actions on college campuses. To silence speakers. Rising to do for punching a fascist or stopping genocide. Depending on the ideology. Online chatter discussing Civil War, national divorce, and revolution.

When violence becomes part of the political language, a nation crosses an invisible line. We're now up to step seven out of nine.

This is where Joe Rogan said, are we at step seven?

The rise of militias and parallel forces.

When a state loses he is monopoly on force.

Countdown accelerates. So where are we on this one?

I think we're seeing, maybe early signs of this.

You're starting to see the -- the states kind of organize these mobs, you know, to go after ICE.

Right?

Armed groups, right-wing, left-wing radical secessionists. Anyone.

Once they start forming their own police forces. Or their own option forces, then you have -- then you have everything really falling apart.

Entirely!

I don't think we're there, yet!

But we're starting to see the beginnings of this.

Step eight. The trigger event.

Civil Wars don't begin with a plan. They begin with a spark.

So where are we?

We're not here yet. The conditions are right. Potential triggers, disputed election in '26 or '28.

Political assassination or major attack.

Supreme Court decision that ignites mass unrest.

Financial crisis or dollar crisis.

A state federal standoff turning violent!

Nothing is ignited yet, but the room is soaked in gasoline. So we don't have seven. We're on the verge of eight, at any time. And here's nine.

This is the point of no return.

When police, military, or federal agencies split, even if no one calls it that, well, where are we?

Well, I just read a story about how with the Mamdani election in New York, a good number of the police force is going to leave. And they're going to go join police forces elsewhere. You also have the tension between the state National Guard, and the federal directives, the state guard and the state directives. Law enforcement recruitment is at crisis lows. The distrust of the FBI, DOJ, CIA. Tens of millions of Americans. I always really respected those institutions. I have no respect for them now. If you have states openly defying federal rules on immigration, drug laws, sanctuary policies.
Whistle-blower claims of internal politicization.

All of these things are in play for the first time in 150 years, people can imagine!

So I give this to you, not to be fearful of, but to know where you are. As a map!

Know where you are.

And hopefully, it might wake some people up, if you chart America on, on the nine step model of Civil War. Steps one through four, completed!

Step five, happening!

Step six, happening! Step seven, beginning! Step eight, just waiting for it. And step nine, avoidable, only if step eight, never happens. Again, I'm not telling you for doom purposes, this is diagnosis. This is a doctor going, I want you to look at the chart.

And this is a doctor saying, I want you to look at -- do you see what's happening to your body?

If you don't stop this habit, you are going to die. You don't have to die. You can stop smoking and drinking right now. You can start exercising. But if you don't, you are going to die.

The question is, are we the nation that says, nah, that's not going to happen to me. Or are we the nation that wakes up and sees our chart and says, good heavens, it's way far more gone than I thought it was. But I feel something in the air.

I'm going to change my behavior. The nation that refuses to look and wake up and stop calling their neighbors enemies, is the nation that fails!

We have to strengthen these things that have already fallen. And, you know what, the easiest one to do is?

Church. Where are you ministers and pastors priests and rabbis?

Where the hell are you?

I think there's going to be a special section for you, when you cross over to the -- because you're doing things in the name of God!

So when you get to the other side, I think there's going to be a special section for those who remained silent. While his rights were being taken away.

You don't own that right.

I don't own that right.

The Lord gave us those rights, and said, protect them!

By you, being the representative, the voice box, if you will, of the Lord, to shepherd his people. By you not standing up and saying, hey, by the way, we have -- we have a moral responsibility to protect these rights for the next generation! By you refusing because you're afraid. Because I think, there's no politics in the Bible! There's no politics in the Bible. Really?

The whole thing is about politics. Is about the moral way you have to live your life.

Calling things as you see them. Calling them back to eternal principles.

He didn't tell anybody how to vote. Render to Caesar what is Caesar's.

But there are certain principles that you have to have, or you lose not only this citizenship, but the next citizenship. The one that really matters. And, boy, if you are doing it because you're a coward, you are in the wrong business!

Get out of the pulpit, and go to work at Jack in the Box.

Democrat “SMOKING GUN” on Trump & Epstein gets DESTROYED by facts

The House Oversight Democrats recently released "new" emails allegedly proving President Trump lied about his knowledge of Jeffrey Epstein's crimes. However, Glenn points out a glaring issue with these emails that destroys their entire narrative...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, let's dive right into the Epstein Maxwell emails. My gosh, Stu!

Why are they trying to cover up that Donald Trump had sex with children!

STU: I mean, it's just clear, as -- as day, in the emails!

GLENN: Yeah. No.

STU: He spent hours with one of the victims. What else could have possibly have occurred in that arrangement? We don't know!

GLENN: And it's -- it's one of the victims, Stu. One of the victims!

STU: One of the victims, that's all we know. One of the victims.

GLENN: Let me read what Jeffrey Epstein wrote. I want you to realize that the dog who hasn't barked is Trump. Victim redacted. Victim spent hours at my house with him. He has never once been mentioned. Police chief, et cetera.

Okay. New information, just released. Or is it?

Because in 2011, 2011, that was released and everybody knew it. It's been out floating around. Here's the change: In 2011, this is what it read.

I want you to realize that the dog hasn't barked is Trump. Virginia spent hours at my house with him.

Why would you redact a name that is already out in the public square!

It's already out!

The memo is already out. The email is already out. It's been out for years. Why would you redact that name now?

Well, because it makes it all of a sudden, new and shiny. Shiny and new. If you don't know who said it, you see victim, and you're like, oh, you see victim. Who is the victim?

I don't know. But when you know it's Virginia, you know this has already gone to court. This is -- she already testified about this!

He didn't partake in any of this, any sex with any of it. It's true. He didn't partake in any sex with us, and I'm quoting, this is from the testimony. But it's not true, that he flirted with me. Donald Trump never flirted with me. Have you ever met him?

Yes, at Mar-a-Lago, my dad and him. I wouldn't say they were friends, but my dad knew him, and they would talk. Have you ever been in Donald Trump or Jeffrey Epstein's presence with one another? No!

What's the basis of your statement that Donald Trump is a good friend of Jeffrey? Jeffrey has told me that Donald Trump is a good friend of his.

He didn't partake in any of -- any of the sex with any of it. He flirted with me.

It's true, that he didn't partake in any sex with us. But it's not true that he flirted with me.

So I don't understand that. But she goes on. Donald Trump never flirted with me!

Okay. So what -- what's new about this?

This is the same girl, this is the same person that -- didn't she work at Mar-a-Lago?

Or she was going to get a job at Mar-a-Lago.

STU: Yeah. I believe she did at one point.

GLENN: Yeah. So we know they know each other. We know they know each other.

We know that at Mar-a-Lago, Jeffrey Epstein would come, and he was poaching the employees. The girls there. To go work for him.

And Donald Trump went to him. And said, "Hey, man. Stop it. Stop poaching people from me. That's not cool. Don't do it." And then he said, "Oh, yeah. All right." And then he did it a second time. And he's like, "You know what, you're out. I don't want you here anymore. I asked you not to do it, and you did it." Now, that doesn't mean that he knew what was happening to the girls or what was happening or anything else.

And even if it did mean something was happening with the girls, he was saying, "Hey. Stop it! Don't take any of the girls or the women here.
Don't do it." I don't believe he knew anything about any of this. But God only knows! And really, God only knows!

This is not new news. Donald Trump, he might end up beating Bezos as the richest man on the planet! When all is said and done!

Because, again, the -- they're presenting this as new fact, a giant scandal. Stu, I don't know if you know this. This is -- this breaking news is a giant scandal.

STU: Yeah. I've heard democratic representatives saying that over the past 24 hours. Yeah. We need to investigate this.

This is shocking stuff. It's a massive scandal. Even ABC News, I heard, pushed back against this. And said, well, what scandal? What are you implying occurred here?

We know who the victim was. We know the victim. Like why. Why did you even redact that name?

And they're like we always redact name of victims.

Do you really? When they're already out publicly?

Not to mention, this particular victim is not even alive.

You know, she sadly died. I mean, it's a terrible, terrible story.

GLENN: Terrible story.

STU: Yeah. She passed away.

A suicide. It was at least the report I believe. But she has a posthumous book coming out. But like a terrible, terrible story.

But, you know, to act as if you have to protect her identity when, number one, she's dead.

GLENN: Is ridiculous.

STU: Number two, everybody already knows who she was, including the news sources, who also have a policy, you would think.

And ABC has a policy. They redact, that was in this type of situation. But it's already been out. We already knew who it was.

So they redacted to make it look like he's with other people who have not already told us nothing bad occurred! You know, and it is an absolutely awful tactic. And at least --

GLENN: I think litigation should follow again. I think he should sue them again. Anyone who is presenting this as new information.

ABC did their job. Congratulations for ABC. They did their job.

They pointed out, this is not new information.

Why would you redact. Why are you releasing this now? And you're redacting a name this -- this email is already out!

You're presenting this as a new scandal.

And you redacted that name. This is completely dishonest. The news media shouldn't even run with it. They shouldn't even run with it. They should have said, old news. Old news. And if you did run with it, you should have handle it had like ABC handle it had. Wait a minute. Why did you redact name.

What do you mean that there's a new scandal. She already testified exactly opposite of what you're believing Jeffrey Epstein over the victim right now. I just want to make sure you understand the Democrats right here. You're taking the name of Epstein, over the victim.

Oh, okay. All right.

STU: And Epstein doesn't even say that anything occurred.

GLENN: No.

STU: There's not -- it's just -- it would be something you would have to jump to a conclusion, to accuse Donald Trump of something like this.

And we know what happened, because the victim said nothing!

Said, it was nothing!

GLENN: Right.

STU: In fact, it wasn't even a flirtation. Which, by the way, even that, you might have thought was creepy. It wasn't even a crime.

It wasn't even flirtation. So it's a disgrace in every single way.

GLENN: All right. So let me take you here. Let me take you here.

If you remember when the shutdown first started, what did the Democrats say, the reason why they did the shutdown?

Not them! Why Mike Johnson and everybody else wouldn't negotiate!

Why wouldn't -- why wouldn't the Republicans negotiate?

Because the heat was on, to release the Epstein files.

And they didn't want to have to do that. So they shut the government down!

Okay?

They wouldn't negotiate. You didn't hear any of this? Oh, it's so arrogant.

STU: It doesn't make any sense at all. That's probably what they said.

GLENN: I know. I know. So the government is open, and what does Mike Johnson do yesterday?

He said the House is going to vote on a bill to release all of the files related to the late financier, convicted child sex offender, Jeffrey Epstein next week. He said on Wednesday that a discharge position to bypass leadership and force a vote on the bill, hit the benchmark for needed signatures. It's been decided by him to expedite the vote for the bill, which under the current rules could have been delayed until at least early September.

So he says, as soon as that petition hit, the needed 218 signatures, I brought it up. Unanimous consent. Let's go! Release it.

So he's pushing this forward. Good, Mike!
Release all of it. Thank you!

Get it out. Lance this boil.

I mean, if anybody thinks that you're ever going to get the truth on this in the first place, it's madness. It's madness. Everybody -- I mean, so many important people were involved in this, and it was in the hands of the Democrats for the longest time. Okay?

So they had all of this information. You don't think it was all picked through? And if there was anything about Donald Trump, you don't think that would have come up between 2020 and 2024?

There's nothing in there about Donald Trump. These people are so stupid. This time, we've got him, boys. This time, we've got him.

No, you don't. This time, it's like Wile E. Coyote. This time, we've got the Roadrunner!

No. You're never going to catch him on this. It doesn't work. The guy was the most investigated person in the history of the world, and you've got nothing! Now, it's good to come out.

But if you think you're going to catch a bunch of people on the left, you're not going to. Because they had it, you know, in their possession.

You don't think all of the names were taken out? You don't think things were destroyed, if there was anything? I believe there was something. But I don't believe there's any names in it anymore. You're not going to get the truth on this one. You're just not going to get the truth, but release everything that we have. Everything!

Oh. Oh, by the way, also in the Epstein emails. How come nobody is talking about this one, Stu?

This one is from Michael Wolff, to Jeffrey Epstein. And then Jeffrey Epstein responds.

So Michael Wolff writes, "What's the thumbnail on Nes Baum (phonetic) Foster?"

And Jeffrey Epstein writes back, "Nes Baum White House Counsel, dot, dot, dot, Hillary doing naughties with Vince."

Now, Vince Foster killed himself, you know, and then killed himself at the White House. And then drug himself across the street to the park.

I mean, I don't know -- the Vince Foster thing is so old. And it doesn't -- but why is nobody talking about that one?

Why is no one talking about that?

Also, this the Jeffrey Epstein email bundle, ABC, you don't feel that's necessary to bring that one up?

Huh. Interesting.