RADIOAugust 11, 2022

EXPLAINED: Biden’s ‘zero inflation’ claim is an ABSOLUTE LIE

Our far-left leadership truly believes the average American voter is an IDIOT. Why else would they repeat absolute LIES, seemingly without fear of getting caught? President Biden’s latest one was about inflation, claiming on Wednesday that inflation numbers in July hit zero percent. But Stu tells Glenn that Joe's claim actually is not an outright lie — it's more like an insane, 'disingenuous' manipulation of the facts. The guys explain it all in this clip…

Transcript

Below is a rush transcript that may contain errors

GLENN: We have so much on our plate to talk about. The one thing we haven't talked about yet, are the inflation numbers. And it's remarkable, Joe Biden has just come out and said, we have zero inflation this month.

STU: Wow. We did it! We solved it.

GLENN: We did. We did. So we can start printings more money. We have zero inflation.

BIDEN: News that came out today, relative the economy. Actually, I just want to say a number.

Zero. Today we received news that our economy had 0 percent inflation in the month of July.

GLENN: That's weird.

STU: Yeah. Because that's not how --

BIDEN: What that means, the price of some things went up last month. The price of some other things went down the same amount. The result, 0 percent inflation last mop.

STU: Now, that's incredible there. And it's interesting, because every single publication is reporting the number as 8.5 percent.

GLENN: Right. But that's very close to zero.

STU: Very close to zero. Now, I want to be clear, to show you how disingenuous this person is. This is how he's come to this conclusion, okay?

Because people are just saying, oh, he's lying. And he's not quite lying. This is what he's doing. Now, every single time we talk about inflation, we talk about it as an annual number.

GLENN: Right.

STU: That is how we talk about it. Year to year. Everybody talks about it the same way. 8.5 percent, is the headline annual number. That's the number that everyone has been talking about, which everyone focuses on. So what he's done, is take that number, and ignore it completely. Then, he's converted what he's looking at, from the headline number, to the core number. Now, there's two different measures of it inflation. Basically, the core number takes out food and takes out energy. To summarize it. So that number was 5.9 percent, I believe it was this -- this --

GLENN: Which is zero.

STU: Which is --

GLENN: I don't know if it's closer to 8.5. One of the two. They're both closer to zero. We have a scale from one to a billion. Fine. Might as well call it zero.

STU: Right. Sure. So he's ignored the main number. He's presented only the core number. Which has been lower the entire time. And then he's instead of taking the annual measure. He's done only the month to month measure.

Now, no one -- the month to month number, is not the number anyone talks about. And to be clear, it was only supposed to be 0.2 percent. So what he's saying is -- now, that's almost zero anyway. That's what everyone was expecting it to be. 0.2 percent. Instead, it was 0.0 percent, and he is out there bragging saying, oh, well, this just shows, there's no inflation month to month.

So he's ignored the main measure. And he's basically taking the secondary core measure, and divided it by 12, even though that's not exactly how they come up with the number. And he's saying that there's been no inflation. Now, this is entirely disingenuous. And what I've said before, on this program, on Stu Does America as well. We are very close to one of the most annoying things you're ever going to experience. Which is, this main number that everyone is talking about. 9.1 percent. Is going to start getting lower. And when that happens, the administration is going to brag about it. However --

GLENN: This is important.

STU: This is important. What most people will say, when I -- when you say to them, hey. Inflation last month was 9.1 percent. And this time, it's 8.5 percent. Most people will say, first of all, it's going down. That will be their initial reaction. It's going down. And because most people will say that, the administration will brag about it going down.

GLENN: It's month to month.

STU: Yeah. That's the annual measure, but it's two separate months.

Most people will say, okay. If something is $100 a year ago, it was $109 last month, and now, it's, what? 108.50, right? It's coming down a little bit?

It's important to know, that's not how this number works. The number works based on a year-to-year measure. So they're comparing July to the previous July. The reason why I'm saying these numbers are going to come down. And everybody is going to say. Well, we're past peak inflation. The reason why that's going to happen. Is because the new numbers. Follow me on this. The new numbers are building on old numbers that were already inflated.

GLENN: So you're not going -- you're not measuring it from 100.

STU: One hundred.

GLENN: You're measuring it from 108. So what is the increase of 108?

STU: Right. So let me give you this. This is a real world example. This is actually what happened, okay? If you bought something in July 2020, at $100.

GLENN: Okay.

STU: In July 2021, inflation was at 5.4 percent. So that was costing $105.43.

GLENN: Okay.

STU: This new number --

GLENN: Well, it's down. It's down. So I should pay 103.

STU: 103 or 104, right? No. It's up 8.5 percent from 105.40. So the new number, the thing that used to cost $100 two years ago, now costs $114.36. So your prices are up 14 percent. That's the inflation number from what our normal prices. 14.36 percent. And the administration is going to spend all day bragging about that. And it is -- and you're going to go into the store. And you'll say, wait a minute. These prices aren't any lower. They're all higher.

In fact, they're 14 percent higher on average, and you will be right. And they will be bragging about it.

That's the rest of your day, everybody. Boys and girls get together and realize, these idiots are going to come out here, and say this all day, because they think you are so stupid, you just might believe it. And they know they're lying. And they're going to do it anyway. That's the rest of your day.

GLENN: Average people. Average people don't know that. And they know it. They know it. They know it. The average person has no idea, that what costs $100 last year, was 108. And today, because of the inflation. You go up from the 108. It's not -- it's not going back towards 100. It's adding. When they say 2 percent inflation is our target. That means, prices always go up. Every year, by 2 percent. That means, your dollar is becoming -- that's why something costs a time. You know, in 1940. Oh. I want that beautiful Cadillac over there. All right. Dollar and a half.

STU: Now it's $185,000.

GLENN: That's all inflation. That's inflation. Because it continues to adds on top of each other.

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THE GLENN BECK PODCAST

Operation Fast and Furious: The TRUE Story of How the Feds were Running Guns into Mexico

The Border Crisis has been ongoing for years, and one of the biggest scandals was the ATF “gunwalking” scandal known as Operation Fast and Furious which occurred during when Barack Obama was President. Glenn Beck talks with John Dodson, the whistleblower who revealed the scandal to get the facts about what happened and why it was a flawed operation from its inception.
Watch the FULL Interview HERE

Glenn Beck & Piers Morgan REACT to Trump's Iran Strike & What Comes Next

Glenn Beck joins Piers Morgan to react to President Trump's decision to strike Iran's Nuclear Facilities and what could come next with the conflict. Is this just the start of a larger conflict involving Iran, Israel and the United States, or will this move by Trump put at least a temporary end to the brewing tensions?

Meet the pro-Intifada candidate NYC Democrats just elected

New York City Democrats just elected 33-year-old Zohran Mamdani, a "socialist Muslim", as the Party's candidate for mayor. But Glenn Beck argues that his radical beliefs are actually communist and Islamist.

Transcript

Below is a rush transcript that may contain errors

VOICE: Z10852. Something weird is going on. The World Trade Center is on fire.

VOICE: Seriously the top of the building. We're trying to get information.

VOICE: Top level of one of the --

VOICE: To unfold from New York City.

VOICE: A plane crashed just --

VOICE: My sister is in that believe. I hope she's okay. I have to come to New York.

VOICE: It's pandemonium.

VOICE: It's raining papers.

VOICE: Wait a minute! Stop just a second. Why are we -- why are we -- I've got breaking news. Breaking news, yesterday. New York City just elected as their mayoral candidate for the left. And the Democrats, a -- a Muslim radical, who is also a communist!

So, you know, it only took you 25 years. It only took you 25 years, New York, to go completely insane.

Somebody who is -- well, I mean, if I might quote Michael malice today. I am old enough to remember when New Yorkers endured 9/11 instead of voting for it.

But you've got a -- you've got a communist jihadist apologist now.

Who was -- you know, well, CAIR put $100,000 behind his bid for New York City mayor.

So you have somebody who is endorsed by CAIR. That's really good.

He also was somebody who said, you know, he was -- he was for the shooting of the United Health Care CEO.

Said he was looking forward to driving down magnum Joan avenue. I don't know. Sounds like supporting people in the streets. Maybe it's just me.

Then he also said that he was going to globalize the intifada, which I think that's -- maybe -- maybe that's just me.

I mean, what do I know?

Tim Miller who is a podcaster. Asked him a few weeks ago. Asked him about his pro Palestinian slogan. Globalized the intifada. And he said, for me, ultimately, what I hear in so many, is a desperate desire for equality and equal rights, in standing up for Palistinian human rights. Oh, is that what you hear, Mr. CAIR?

Really? Huh, that's interesting.

Right. So globalize the intifada.

I mean, I mean, sure, that's -- I mean well, let me go on.

Because I don't want to take him out of context.

He then delved into the semantics of the intifada, citing the United States Holocaust memorial museum's use of a word for a translation for uprising, in an Arabic version of an article, a museum published about the Warsaw ghetto.

Oh!

So this is just a comparison, about the -- the armed rebellion against the Nazis!

I don't know if that makes me feel better!

I mean, if we're globalizing that.

We're the Nazis in this scenario.

Because I don't think it's the Palestinians.

I certainly don't think it's anybody who is like, hey.

Global jihad. I don't think it's those guys.

Or the Nazis. Who are the Nazis in that?

And it seems, if that's what you mean, then it's not just a harmless kind of slogan about human rights. It is a call for violence on the streets.

Because I don't know if you know, that's what happened when the Jews had their uprising against the Nazis.

I'm just saying!

But, hey, hey, free Palestine.

Oh, that's not what that means, gang. That is not what that means, but don't worry about it. He's just going to be possibly the new mayor.

And that's great. By the way, the Columbia faculty members signed a letter defending Hamas.

They were also among the donors to his mayoral campaign.

So, you know, you don't have anything to worry about.

And his father, who used to work at Columbia. Do you know, Stu?

Is his Dad -- is he still a professor at Columbia University?

He said that -- this violent terror thing of Islam, is not a part of Islam. Now, I've read the Koran, and much of the hadith.

And I'm pretty sure the violence is a part of that. But no.

No. This is something entirely new.

And his father while at Columbia university, wanted everybody to know, that this is actually -- this is something that came out of America!

America is really responsible for this.

And, you know, it really started with the Reagan administration, you know, when he started -- when he started with his very religious terms, to finish the war against the evil empire.

So, you know, that's where -- that's where 9/11 came from.

Is what -- don't worry about it! Don't worry about it!

Because who am I? I'm clearly just -- am I an anti-Semite today, or am I an Islamophobic? I can't remember which one.

Oh, it's probably both. Anyway, Islamophobia. Let me just explain Islamophobia. I haven't even gotten to the Communist part of it. Which is really, really -- New York, you're in one for hell of a ride. Buckle up.

It will be a fun rollercoaster for you. My gosh, I've never been happier that I've been away are if New York.

Anyway, I just want I to know, there is Islam. And then there is Islamists. Now, an Islamist is somebody who really wants Sharia law.

That's political Islam!

That's not a faith. That's political Islam.

Now, let me make really -- something really clear. Criticizing Islamism, is not Islamophobia. Pointing out the dangers of, oh. I don't know.

Political Islam. The ideology that seeks to use the tools of democracy, ultimately to destroy democracy, is not an attack on Muslims.

No. Uh-uh.

You know why?

Because Muslims are often the first people in line.

The first victims of the ideology.

So let's draw a bright, bright line between Islam as a faith, millions of people can practice that faithfully and peacefully.

It's mostly peaceful, okay?

Then there's the Islamism.

Islamism is something entirely -- that's a political project.

A theocratic political -- oh. Left loves theocracies. They love it.

Of course, you never see a problem with it.

See it when an Islamist is touting it. Anyway, it's not about prayer. It's not about fasting. It's not about spiritual life.

It's all about power. It's about merging of mosque and state. It's about implementing Sharia, not as a personal code of conduct. But as a governing legal system.

And it's -- it's supremacy.

Absolutely. Faith.

Religion.

It's -- there's one thing that's supreme.

It's misogynistic.

Deeply intolerant of all kinds of things.

Descent. Secularism. Other faiths. Even competing interpretations from inside the faith itself.

It will behead them too.

So let's -- let's be honest here for a second.

You know, CAIR should be labeled an international terror organization.

In my opinion. In my opinion.

Oh, does that make me -- that makes me an Islamophobe. I'm sure. I'm sure they will start a campaign against me on being an Islamophobe.

Stand in line, guys. You've been doing it since 2001, okay?

I don't really care. And I don't think the American people. I think that record, all the grooves are worn-out on that one, okay?

This is not a religion we're talking about. When we're talking about Sharia law. And we're talking about globalize the intifada. What does that mean, actually, to globalize it?

Does that mean we now want to do what is happening to Israel? All over the world?

Has the Palestinian plight become our plight you now, as Americans?

That there has to be an intifada here!

Because it's the kind of the same. You know. It's kind of the same over, you know, with what the Palestinians are going through.

Well, it's very much like what the Jews went through with the Nazis.

That's a weird one. That one makes my head hurt. It's very much the same as that. And very much the same as the fight against Donald Trump.

Oh, this is going to be fun. It's fun!

Really fun. You know, the irony here is, the ones that will scream Islamophobia the most, are the ones in the progressive left, the champions of feminism, LGBTQ rights. And secularism.

They're going to -- no. You want -- they're going to stand with the people, who want to kill them first.

See, this is how smart they are!

This is why it's going to work out well, in New York City.

Let me just say. If you have an ounce of common sense, you run a business, you have an ounce of wealth. And I don't mean wealth like, you know, hey, Lovey.

Let's get on the boat for a three-hour tour with a suitcase full of cash. I mean you saved anything, anything, get the hell out of New York City.

I mean, this is about survival. This is about free speech. This is about women's rights.
Religious pluralism. Secular legal systems. Liberal democracy.

But it's also about failed principles of Communism. Okay?

First, you have to call out political Islam for what it is. Okay?

And we have to do it with the clarity that we call out white nationalism.

Got to do it with that. Got to -- you know, the Klan. Really bad people.

Really bad people.

Anybody who is shouting for globalized intifada?

Pretty bad. Pretty bad people.

Okay?

Now, let's get to communism.

Because that's another cool, cool angle of the new Democratic candidate for -- for mayor of New York City.

That I just -- I think is cuddly and cute. Sure, it led to 100 million deaths. But this time, New York is going to be radically different. Oh, did I use the word radical?

I didn't mean to use that. What's radical about this guy?

Nothing. He's just like you!

Well, not exactly.

But let's talk about communism, next!

Now, the new mayoral candidate that's running there in New York City. That so many young people rushed to defend and vote for. He's promising free buses.

That's going to work out.

Where are you going to get the money for free buses.

It's free!

City-run grocery stores.

Oh, rent freezes. And finally somebody has done it. A 30-dollar minimum wage.

So under the banner of equity. And, you know, we will tax the wealthy. And the corporations. You know, we're going to squeeze another $10 billion out of them.

Really?

Because they're going to call a U-Haul.

You know, they will call something like U-Haul. There will be a lot of -- there will be a lot of movers that are like, how do I get the truck back from Texas or Florida back up to New York? Nobody is moving up there.

But he's going to do it.

Now, his vision isn't really new. You know, just -- just tax people, so we could have city-run grocery stores. You know, I remember -- I'm old enough to remember those city-run grocery stores in Moscow.

They were great.

The shelves were empty.

But that's just Moscow.

It worked out completely different in Venezuela.

Where, oh, no.

It didn't. That's right. The grocery store.

They were eating the zoo animals.

But it will be different in New York.

Because they have rent controls too.

And that will just choke the housing supply, but don't worry. As a young family.

You know, you voted for it.

You know better.

It will work this time.

So, you know, I like building ideas, I just don't like usually building on the graves of 100 million people.

But, you know, why not? Why not?

You know, use this dogma.

And this time, it will be different. It's not like it was in China. Where the great leap forward, was a gross -- a gross parody of progress. Venezuela, which was oil rich. One of the richest nations in the hemisphere now sees 90 percent of its population in poverty!

Yeah. Darn it. You know what they did?

They decided to take state control of things.

You know, like grocery stores. And it worked out well. How is that free busing working out in Venezuela?

I just want to -- I just want to know.

Anyway, then you've got the globalize the intifada. Which is going to drop a little violence in, and anti-Semitism in with your communism.

Which is weird!

Because violence and anti-Semitism, always happen. When it -- when it comes to -- when it comes to communism.

This is weird!

I've got to play something for you. Because this has talked about on me earlier this morning.

Oh, wow.

Wait a minute. This is -- this is the whole coalition coming together here.

So this is going to be good. New York, this is going to be great.

It's going to be great for you.

No. He's going to uplift you. Then the social fabric of New York City is just going to be -- just one.

It's going to be fantastic. Don't worry about your 120 billion dollars in debt. Or your 10 billion-dollar deficit that you have right now.

You are going to charge the rich more taxes, and they will stay right there.

They will be like, you know what, that 46 percent in taxes that I'm paying, this is just not enough. It's just not enough.

I need to pay 60 or 70 percent to be able to pay my fair share. So that's good. That's good. That's good.

You know, they're not risking 100 million people. It's just 8 million people.

This time, it's just 8 million people.

But, hey. For those of you in upstate New York. That aren't going to be part of this experiment.

Don't worry, you get to pay for it. Because they'll kick it up to the state. The state will have to subsidize everything. And don't you love it?

Really, don't you want to subsidize the really crazy ideas of New York City?

I mean, why don't you have a -- why don't you have a democratic socialist. A/k/a communist mayor.

Why haven't you done that? Are you not progressive enough? Are you not looking into the future?

Are you stuck in the past?

I don't know. I don't know. The graveyard is pretty big. I have a hard time getting past that one. You know, yeah, so I'm stuck in the past. Because I can't seem to pass that graveyard, and get to be down the path with you. But it's going to be a paradise.

Forget arithmetic. You know, or human nature. This time, it's going to work. It's going to work. So all right!

Wish I lived in this morning.

No wait. Nope. I don't. Nope, I don't.

And Ted Cruz, stop it. Stop writing, hey, come to Texas. No. No. Don't come to Texas. Don't come to Florida. Go to California. It's beautiful this time of year. Go there. Go there.