RADIOJune 23, 2023

THIS Hunter Biden text may be the SMOKING GUN against Joe

Testimony heard yesterday by the House Committee on Ways and Means led to some BOMBSHELL revelations about the Biden Crime Family. In this clip, Glenn reads a WhatsApp message from Hunter Biden to a former Chinese business partner, Henry Zhao. And the SHOCKING content of that text may the smoking gun to incriminate Joe…even though the president has repeatedly said he knew nothing of his son’s business dealings. Glenn is joined by his chief researcher, Jason Buttrill, who helps break it all down…

Transcript

Below is a rush transcript that may contain errors

GLENN: Now, I want to talk you to about something that happened with the IRS whistle-blowers yesterday.

Testimony heard at the House committee on ways and means, attesting to the Department of Justice hamstringing the US attorney David Weiss, and his ability to be pursue, the Hunter Biden case.

The whistle-blowers, Gary Shapely, he led the IRS investigation on the Hunter Biden case. The case was code named Sportsmen. I don't know how you put him as a sports -- anyway, as well as one of his subordinate agents named undisclosed.

I'll just give you a couple of things. I'll give you the top ten things we learned yesterday.

From just the news. But I want to go to -- there it is. Here it is. A WhatsApp message, connected to Joe Biden. And Hunter Biden's business deal.

Now, I don't know why we haven't seen this, before.

The second unnamed whistle-blower said that there was a WhatsApp message, found where Hunter Biden mentioned his father, President Joe Biden in the context of business deals.

Now, remember, I have nothing to do. I didn't know about my son's business. And we've told you, that's impossible. It is impossible.

And we've shown you circumstantial evidence. Okay?

But in the WhatsApp message, here's what he says. And this, the FBI and IRS had July 30th, 2017.

Biden says to Henry Zhao, one of his Chinese affiliates, a guy he is doing business with. Jason, I want to bring you in. Because you're chief researcher. I've been busy on the book. I want to clarify, and make sure I'm right on everything.

Henry Zhao is the guy who is Communist Party affiliated. Right?

Okay. And this is the -- I can't remember the name of the company.

JASON: CEFC.

GLENN: Yes. Which was?

JASON: That was -- I guess they're an energy company.

GLENN: But it's a wholly owned subsidiary of the Chinese government. Okay?

And the contact was a guy in the Communist Party Henry Zhao.

And this is what Hunter Biden wrote: Quote, I am sitting here with my father. And we would like to understand, why the commitment made has not been fulfilled.

Now, it goes on. But I think that's enough.

Don't you? I'm sitting here, with my father. Not the big guy.

You know, he's become very spiritual. Maybe he was talking about his father in heaven. I'm sitting here in prayer, with my father in heaven.

And he's wondering why the commitment, you know, to some of those commandments, has not yet been fulfilled.

Maybe that's the explanation.

He says, tell the director, that I would like to resolve this now. Before it gets out of hand.

And now means tonight. And Xi, if I get a call or text from anyone involved in this, other than you, Zhang or the chairman, I will make certain that between the man sitting next to me, and every person he knows, and my ability to forever hold a grudge, that you will regret not following my direction.

I am sitting here, waiting for the call, with my father. In heaven.

Or as he wrote, he left the in heaven part out.

I'm sitting here waiting for the call with my father.

STU: I mean, I -- I am -- I was very, very suspicious of -- and I would say knew that Joe Biden committed crimes like this.

And this is not a surprise. I am surprised they were this blatant with it.

I am shocked that this message actually exists. This is Hunter Biden blatantly blurting out everything we've been accusing him of. It's happening. Is it -- this is real, right?

Like, honestly, I went back 20 times yesterday, going did someone say they saw this message? Is it one of those things, it turned up on the internet. We can't explain why. This is real, Jason, right? There's no question about it.

JASON: This is not only real. But the FBI. And this is in the first couple pages of this report.

GLENN: Because the report is like 250 pages. And thank God for you, Jason, reading all of it.

JASON: Always a schmuck. The FBI authenticated all of this in November 2019. Now, just think about what happened after that.

GLENN: Okay. That's a year before the election.

That's a year before the laptop goes out.

They verified the FBI we now know verified that that laptop was real, a year before anyone even heard the word Hunter laptop.

VOICE: But what did they do to social media companies like Facebook after this?

They went to companies like Facebook and say, hey, there might be some Russian disinformation, that might be coming on your way soon. Just want to put it on your radar.

That eventually led to the blacklisting, and banning of that information. Like the New York Post article.

This is unbelievable. Absolutely unbelievable.

GLENN: What is truly, truly an act of treason toward freedom, is the press not raising hell over this. Okay?

This is -- this is the smoking gun. The smoke. The little smudged bullet. In the wall. This is all of it.

This is all of it. And for them not to take this now, and say -- because here's the problem.

Only half the country cares. And until you get the other half to care, nothing is going to happen.

But if ABC, NBC, boy. I would be horrible if people started protesting the mouse house. Because ABC only moves when anybody threatens the mouse house.

The actual park. You're saying, I'm going to picket your park. They go crazy. They don't care about the moving or anything like that.

They care about the parks. So I would hate to see somebody organize a really lasting, long-term, and smart picturing of those parks. To get ABC to actually start to tell the truth.

The fact that they just -- that this isn't the lead and non-stop story of the year.

STU: Yeah. Because it's not only this message. You know, we've seen the laptop, we've seen tons of stuff on there, that's a real problem. The reason we're seeing this message today.

Is because the whistle-blower said, they have these messages. And they were blocked from having to investigate them.

GLENN: Yeah. So listen to the whole thing. Listen to these other things.

Biden met CEFC Chinese business client of Hunter.

Did you know that? He didn't know anything about it.

He meets this guy. Shapely recalled Rob Walker, a business associate of Hunter, describing a meeting that Joe Biden attended with the Chinese company.

Walker went on to describe an instance in which the former vice president showed I happen at a CFC meeting. Walker said, we were at the Four Seasons. We were having lunch.

And he stopped in.

He said, hello to everybody. I don't think he drank water. I think Hunter Biden said, I may be trying to start a company, or try to do something with these guys. And could you?

And I think he was like, I'm around. And he would show up. He recounted.

So I don't know exactly what that means, other than, I want to do business. And could you be involved in

But he didn't want to say that. You know, if you're around. Would you show up from time to time?

Is that what you get from that?

JASON: Yes. Does that go on to say what the conclusions that they drew from that meeting?

Okay. So that goes on even further in the testimony. And the person -- whoever is asking the whistle-blower questions. Says, was it your impression, that all of this was orchestrated, between Joe and Hunter for this entire -- for him to show up at that time, to make that presence, to influence this meeting.

Was it your impression that this was orchestrated. He answers. Yes. That was my impression.

GLENN: Okay. So this is not some nameless whistle-blower.

There are those that are afraid. This is a high-ranking IRS official. That was in charge of this investigation.

And as you will find out in a few minutes. He is blowing the whistle. Not only on what they found.

But what they were not allowed to do.

All the stuff that this was, oh, no. We stayed out of it.

Is an absolute lie.

And we now have the FBI stating it. And we have the -- and we have the IRS stating it.

All of the agents, that were involved in the actual work, and at the IRS, the guy who was in charge of the agents, who were doing the work.

JASON: Can I point also, we've been critical on the FBI, as we should on a lot of things. This was very remarkable on this testimony.

The rank-and-file FBI agents were just as pissed off as this whistle-blower was. Because it was clear that something was happening at the higher level. But the rank-and-file FBI agents were like, let us investigate. Let us ask these questions.

GLENN: I would love to see, if they really cared. If they really cared. I have to tell you, any of these guys lose their job, and you are really coming out and blowing the whistle.

And you have the hard facts. I think this audience would raise millions of dollars to make sure your family was taken care of.

You know what I mean?

You've got to do your patriotic duty.

You have to speak out.

Let me come back. There's more shocking stuff.

How do we not know about this?

Okay. So now the FBI whistle-blower. And, again, not rank and file guy. This was the guy in charge of the investigation.

The IRS whistle-blower describes in detail, yesterday, how Hunter Biden evaded paying taxes on his Burisma income.

Biden's appointed attorneys, allowed the statute of limitation to run out.

Okay?

Listen to this. Here's the quote. And so the way the money worked, is, there's a document in which the contract between Burisma and Hunter Biden. Those are the two parties.

It was for $1 million per year.

Of course, this was 2014.

And it was negotiated in April. So the payments in that year, were reduced by the months.

So it was not shockingly 666. 666,000.

83 thousands of individuals dollars a month. He was receiving. What Hunter Biden did. I'm quoting. The testimony.

Is that he told Burisma to send that income, to Rosemont Seneca Bohai, which was his company. And then when the money came back to him, he booked it as a loan. So there's all this mechanization of nonsense happening over here, in the nominee structure. Oh, this is complex. This is complex. And, well, it's not complex.

Because this is taxable events.

As soon as the income came from Burisma to Hunter Biden, whatever he did with it, after that, was just a scheme to evade taxes for that year.

To add to that, is Rosemont Seneca's Bohai and Archer. When the money came back to Biden, they booked it as an expense on their books.

So even the two parties didn't treat it the same way. Then Eric Schrenrin (phonetic) realized this, looked into this, and he even told Hunter on multiple occasions, multiple communications.

You need to amend your 2014 return to include the Burisma income. He never did.

But they never let -- the FBI never let them investigate that, in time.

They kept asking, we have this. We have this. We have this.

Well, I'm not sure. Let's not go there yet.

Until it expired.

And now, statute of limitations.

But they intentionally blocked it, until they expired. What?

Listen to this.

I had alluded to Ferra and some other things here. But some of these people here, Chairman Ye, Gang Dong-won, Zhao are believed to be connected to the Chinese Communist Party. Okay?

So could there be national security implications with communications with those officials? The testimony is, that is correct.

And was that sentiment also shared by the FBI? Answer, yes.

And despite those concerns, that the FBI had, and the rest of the team had, he was not looked into. Is that correct?

The prosecutors said, don't do it.

When we asked for location. GPS location, on some of these documents. They said, no. We're not going to do that.

And if FBI did something, at some level, I'm not privy to it.

They blocked them, even the WhatsApp, if I'm not mistaken, Jason. Even the WhatsApp message. They wanted to geo locate where that message came from, to make sure he was in the house, and dad was in the house.

They wouldn't do it. Now, why in an honest investigation would you not do that?

Why wouldn't you exonerate the president? Would be very easy to do.

To our veterans...

Americans are bad at saying "thank you." So, this Veterans Day, Glenn wanted to take the time to make it clear: "Your country remembers you. Your country needs you. And your country is grateful in a way that language will never quite capture. Thank you."

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, America. It's Veterans Day, and I want to start there in 60 seconds. First, debt is like gravity. It pulls. It pulls back on you constantly, until one day you realize, you're not moving forward anymore. And the worst part of it, most of it is just accepted. We call it normal. We make the minimum payments. We don't -- the rates come down. And we keep spinning that same old wheel, wondering why we're tired all the time. But it doesn't have to be that way.

American Financing is helping people all over the country restructure their mortgage. You know, pay off high-interest debt. And regain real financial freedom.

They're family-owned. They work for you. Not the banks. Their mortgage consultants don't earn commissions. They take the time to listen and build a plan that actually fits your life.

And it will help you keep more of what you earned.

Because every dollar you save. Is a piece of your life you're getting back. It's American Financing.

They're helping you keep more of it. And in a world where everything is getting more and more expensive, that kind of control isn't just smart, it's a little bit liberating and empowering.

The start of something much, much better. Please, call American Financing at 800-906-2440. 800-906-2440. Or you can go to AmericanFinancing.net. That's AmericanFinancing.net.
(music)

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GLENN: It's Veteran's Day, and I want to speak to one person, right now.

You!

The one who raised a hand and swore an oath that didn't end when your enlistment did. It was an oath that was older than your commanding officer. Older than the branch you served in. Older than even the nation itself. Because what you swore to defend was not a government. Unlike every other oath that every military man takes all over the world, you swore an oath to an idea.

And today, in a country that sometimes feels dizzy from spinning arguments, I think we should pause and anchor ourselves again to you.

To the men and women who tethered this republic to reality, when the storms came.

We have an amazing story.

If you really know the story of Lexington when the farmers left their plows and damp fields. Because liberty whispered their names.

They met at their church. Their preacher met them out.

They didn't have a chance of them winning.

I think of the -- the Marines who fought through the gas and the mud until the Germans called them devil dogs.

The beaches of Normandy, where boys who had never even see France saw eternity in a single morning on a single beach!

And the men who fought in Korea. And Vietnam. Kuwait. Fallujah. The Skies over Baghdad.

Every generation has a chapter that is written in blood and grit, and it was written by people who never asked for a statue. All they wanted was a chance to come home! And some didn't. And their stories end on foreign soil or carved into white markers in rows so straight, it almost breaks you.

But their gift to us, never ends.

At least, as long as we remember them and you.

Because every -- every free breath we take is borrowed from them! And you. If you're a veteran listening right now, maybe you came home to a grateful nation. Maybe you quietly slipped into civilian life, wondering if anybody saw the weight that you were carrying.

No matter your circumstance, know this: You need to know this.

Millions see you! Millions are grateful. You changed the destiny of my children. And they will never know your name.

You changed my life, in ways you will never understand.

I wouldn't be able to be here, and say these things if it weren't for you!

We take -- we take all of this so lightly. It was you that stood between tyranny and who those couldn't defend themselves.

Have you kept the promise. Most citizens like me. We never make. We never have to make.

Because always did. And you continue to do so.

It's amazing to me, when you are off into war, most times, not every time, we think about you all the time.

We want to give you the very best when you're at war. And then you come home, and then, eh, and you have the worst of our health care. I mean, at least mine was go to Canada to get the health care. I don't know if it's any better up there!

We're not really good at saying thank you. Let me just take just a second, to say it plainly and clearly to you. Thank you. Thank you for walking into the unknown when the rest of us stayed home. I don't know what your motivation was, when you joined. But thank you for believing that liberty was worth more than comfort.

Thank you for the nights you didn't sleep. Thank you for the holidays you missed. Thank you for the kids you didn't see born because you were someplace else.

Thank you for the friends you still mourn. That's why you did it.

Because you're a brotherhood.

Thank you and all your brothers.

Thank you for every scar. The ones we can see, and the ones we will never see.

Thank you -- thank all the families. Thank you for what you've done. The quiet platoon behind every soldier and sailor and airman and Marine and Coast Guardsman, because you served too.

Freedom has always been a family burden. And look at what those families are like. They're usually remarkable!

We live in a world right now that feels -- feels really loud and divided. And suspicious.

And it is!

But, I mean, wanted to take a minute on this day, and let everything just be quiet.

Gratitude has a way of silencing nonsense.

And I want you to know, how grateful I am.

So before we got back into the headlines again, before the noise rises back up, let me end this with the only words that really matter, to every veteran of the United States armed forces. Your country remembers you. Your country needs you. And your country is grateful in a way, language will never quite capture.

Thank you!

The government just CONFIRMED they’ve been ROBBING you for 15 years

Buried in a recent New York Times op-ed about the end of the government shutdown is the quietest confession you’ll ever hear from the elites: "Why can’t Republicans just accept reality? These [Obamacare] healthcare subsidies are working." But who are they working for? Healthcare prices are still incredibly high! Glenn reminds us what "subsidies" really are: money "borrowed" from the future to hide the failures of the present, and lining the insurance companies' pockets.

Transcript

Below is a rush transcript that may contain errors

GLENN: So is the shutdown over? I mean, it has to go to the House, and now the House is saying that they're not going to pass it.

STU: Well, the House should be -- I don't think there's any real belief that they won't pass it. The hurdle was the Senate. And they got through the Senate. Now we get to watch the ongoing democratic Civil War, about whether or not Chuck Schumer will be removed or not.

GLENN: It's crazy. It is crazy.

So, you know, let me go through something that came in from the New York Times. What were the Democrats thinking?

It starts out, in this op-ed, back in September, when I was reporting an article, Democrats should shut down the government, I kept hearing the same warning from veterans of past shutdown fights.

President controls the bully pulpit, and parts of the government will stay open, and he decides what parts close.

It's very, very hard for the opposition party to win a shutdown. Blah, blah.

Now they have brokered a deal over the weekend, as the Senate Democrats broke ranks and negotiated a deal to end the shutdown, and return for, if we're being honest, very little according to the New York Times.

The guts of the deal are this. Food assistance, both SNAP and WIC will get a bit more funding. There will be a few more modest concessions on spending levels elsewhere in the government.

Laid off federal workers will be rehired, and furloughed federal workers will be given back pay.

Most of the government is funded, only until the end of January. Get ready, we'll be doing this again.

The deal does nothing to extend the aspiring affordable care tax credits, which Democrats essentially have shut down the government for, in the first place. First of all, it's not the affordable care tax credit.

That's -- that's not why you shut it down.
There are tax credits, yes.

But this is different. These were the government subsidies. Leave it to the New York Times. Let me lay this really clear. Democrats demanded a continuation of the enhanced subsidies for the American care act. Okay?

They were temporarily expanded during the pandemic. These were not the tax credits. These were extra subsidies stuffed into the 2021 American rescue plan, as an emergency measure. Remember, the one, we had to pass this in the middle of the night. And nobody could read it. Well, that's what it was in it. And these subsidies lowered the premiums more than usual. Expanded the eligibility far above the original ACA income caps. And was always designed to be temporary just for COVID.

So if you were in COVID, and I lost your job, and you didn't have health care or whatever, you could get on the ACA.

Even though, you're -- you're -- your salary was higher than it would be accepted.

Normally. You could get on it.

But once -- once they created this, Washington does what Washington always does, and they won't let it go.

Okay.

It's not the tax credit. To understand why this shutdown will end with such a whimper, you need to understand the strange role the ACA subsidies played in it. Democrats said the shutdown was about subsidies. But for most of them, it wasn't. This is the New York Times saying this.

It was about Trump's authoritarianism. It was about showing their base and themselves, that they could fight back. It was about treating an abnormal political moment, abnormally.

The ACA subsidies emerged as the shutdown demand because they could keep the caucus sufficiently united. They put Democrats on the right side of public opinion, even though self-identified MAGA voters wanted the subsidies extended.

And they held the quivering Senate coalition together. You shut the government down, with the Democratic caucus that you have, not with the Democratic caucus that you want.

But the shutdown was built on a cracked foundation. There were Senate Democrats who didn't want a shutdown at all. There were Senate Democrats who did want a shutdown. But thought it was strange to make their demands so narrow. Was winning on health care premiums really winning the right fight?

Shouldn't Democrats really vote to fund the government, turning towards authoritarianism, as long as health insurance subsidies are preserved? And what if winning the health care fight was actually a political gift to Trump. Now, this is the New York Times.

Absent a fix, the average health insurance premium for 20 million Americans were more than double. The premium shock will hit red states really hard.

Trump's long time pollster had released a survey of competitive house districts. Showing that letting the tax credits expire. Might be lethal to Republican effort to see hold the House. Why were the Democrats fighting so hard to neutralize their best issue in 2026. The political logic of this shutdown fight was inverted. If Democrats got tax credits extended, if they won. They would be solving a huge electoral problem for the Republicans. If Republicans successfully allowed the tax credits to expire if they won, which would be handing the Democrats a cudgel which would beat them in the next elections. This is unbelievable!

I mean, they're saying -- they're saying it out loud. You know what I mean?

They go on in this, to say, you know. Quote, why can't Republicans just accept reality. These health care subsidies are working.

No. They're not. No, they're not.

They are propping. Okay?

They're scaffolding. Holding up a structure that was never sound.

They were a COVID-era brace jammed under a tottering wall. And now, the same architects who swore the House -- the House was safe. They're telling you the splintered wood was actually part of the design. What?

This is the power the mainstream media has. The press still has over mainstream Americans. It's kind of like a hypnotic choke hold.

You say the word subsidy enough times with the right sad piano music under it, and suddenly, we forget what subsidies are. Here's what subsidies are, gang!

Money borrowed from the Chinese. But we're not on the hook for it. We're not on the hook for it.

Money borrowed from the Chinese, from the future, to hide the failures of the present on decisions that were made in the past. Okay?

And now we're told, if we don't just keep borrowing forever, America will collapse. No. What collapses is this crazy illusion. Let's be clear about something the op-ed never will admit. The Affordable Care Act didn't fail because of Republicans. It failed because math is a stubborn thing because insurance is not health care.

Because a program bent around bureaucrats and middlemen will always cost more and deliver less!
We have been subsidizing the symptoms. We never treated the disease here. And now, when a shutdown touches those subsidies, suddenly we're told the sky is cracking. TikTok is flooded with panic videos scripted by algorithms that can't really be trusted.

The influencers don't even know what they're defending. They just know fear pays better than the truth. And here the truth. The system was failing long before Trump. Long before Biden. Long before COVID. And maybe, just maybe, this moment is not a crisis, but an opening.

You know, I've said this for months now.

The greatest political opportunity of our lifetime now, is health care reform! Real, actual reform.

Not another Washington quick fix. Not more subsidiary easy or anything else. Not a Band-Aid over a bullet wound. But the Republicans won't do anything about it. I believe, and I say this without hesitation, I think. That Trump and RFK Jr. together may be the only combination force in American politics with the will to take a flamethrower to the bureaucracy, that is choking doctors and nurses. The pharmaceutical lobby, the insurance labyrinth, the 50 states wrapped in 50 different versions of red tape. All of it has to be confronted. And here's why Trump can't afford to miss this: If he solves even a quarter of this problem, if he can find the way to lower costs, if he increases access. If he frees the market to actually work across state lines, he'll not only win in 2026.

He'll be launching a momentum, that will carry Vance into the presidency in 2028.

This is the key here!

But he has to remember something Washington has long forgotten. The people he's negotiating with, they don't want a deal. They don't fear collapse.

They come it. They have been playing a slow motion Colour Revolution. One that the company has to be impoverished. Has to be frightened. And has to be divided to accept the new power structures.

Colour Revolutions only work if your people are hungry, if they're afraid, and they believe the people in the head of the government are authoritarian.

When that happens, you can have a Colour Revolution. And every day, America does not break. Every day, the economy still stands. Every day, people wake up and realize their lives are not as hopeless as the media insists.

The revolutionaries lose their leverage. So the shutdown is not the crisis.

The crisis is the addiction to government medicine. So here's the battle line that matters, I think, most right now: While the press spins, you know, panic, Trump has to gather the brightest minds. The innovators, the disrupters. The people who build things, rather than manage decline. That's what he does best. You know, if Elon Musk could do for NASA, what Washington could not. Then why can't we find. Maybe even get Elon Musk. Why can't we unleash the same kind of thinking on health care.

It's time for radical thinking!

Imagine a system where your doctor spends more time listening, than actually checking boxes.

Imagine competition across state lines. Imagine prices that behave like normal prices because the market is finally allowed to work and government doesn't have its finger on the scale.

Imagine freeing the nurses and the physicians from the paperwork prisons they're in. And letting them practice medicine again.

This isn't utopian. That's just uncaptured America. The America before the bureaucratic glacier, settled over absolutely everything in our lives.

Trump is the one that can do this. He's -- he's hitting home runs, grand slams, all -- all the time.

All the time.

Health care is the crack in the wall, where sunlight is still getting through. If you solve this, if you solve the pressure and you -- you lower the pressure on the engine behind the Colour Revolution, you win!

You win. I'm not even talking about election.

You save the republic.

You solve this.

And you solve the fear that drives half of our political dysfunction.

Washington thinks the shutdown is a battlefield. It's not!

The battlefield is health care. The future is decided there. And the man who breaks that system open. And let's Americans breathe again, will shape this country for a generation.

And the only guy to do it, is Donald Trump.

THE GLENN BECK PODCAST

They're WATCHING You... The Terrifying Truth about Phone Surveillance

What if your phone knows what you’ll do before you do? Glenn Beck and former Navy SEAL Erik Prince expose the terrifying reality of modern surveillance, from the government’s secret data networks to Big Tech’s behavioral tracking systems. A global “surveillance capitalism” industry has been born, merging private corporations with intelligence agencies. Today, every app, ad, and algorithm harvests your movements, conversations, and even your thoughts. This conversation reveals how smartphones have become digital soldiers quartered in your home, and how privacy, freedom, and free will are vanishing in the age of data control.

Watch the FULL Interview HERE

The harsh truth about America's ailing economy

Glenn Beck warns that America’s economy is suffering from a deeper disease... one that can’t be cured by printing money, free checks, or political spin. With inflation rising, housing unaffordable, and healthcare collapsing under government control, Beck argues the nation faces a “cancer” that only painful but honest reform can heal. He and Stu Burguiere break down why short-term fixes like subsidies and stimulus will only fuel the crisis, and why the only real solution lies in deregulation, competition, and courage. Will Americans endure the hard medicine needed to save the nation, or turn to socialism out of desperation?

Transcript

Below is a rush transcript that may contain errors

GLENN: Welcome to the Glenn Beck Program.

Stu does not share my -- my optimism. And I -- you know, I think that's too strong of a word. I'm not optimistic.

I am hopeful that someone in Washington, on our side understands what we're facing here. That health care is the biggest win!

It's the biggest win. And totally winnable.

STU: Yeah. And I do think -- if -- you know, if it was the top priority of Donald Trump. I think, he would be able to move Republicans toward trying to come up with something, I guess.

But I don't show much optimism on that. Because as I was going through that whole scenario, it wasn't just that we said these rates would go up, and that the Affordable Care Act wouldn't be affordable and gave all of the reasons that wound up playing out with risk pools and everything else.

And it wasn't also that we would say, hey. They're going to try to solve this by more government subsidiary easy. And more dependence on government.

We said all that stuff. And that's what we just talked about.

But other thing we said was that after this thing got passed, the Republicans would bail on opposing it. We would no longer have an opposition. We're now to the part of the story where the right-wing position is just normal Obamacare.

And the left-wing position is new expand, fancy, times ten Obamacare. The question of whether we triple down on Obamacare.

Or double down on it. That's now a conservative position.

GLENN: Okay. So let me give you some hope.

I talked to Dr. Oz. And he said, they're introducing something here in the next couple of months.

Should be, any time now.

And it will be done at the state level. And it will be to stop all the barriers from state to state.

And you get -- you get your -- your -- your funding for different programs if you get rid of those barriers for your insurance companies.

And if you don't, well, you don't get your funding. And so they will be incentivized to do it.

So I do think that there's some thinking about this, that's going on, with RFK and Dr. Oz.

In fact, let's see if we can get them on. Maybe I'll go up to Washington and do a podcast with him.

Because I think this is the big win here. Because if you look, you have to -- you have to change the life of people, in the next 15 months. Twelve months, if you want to win the election!

And if you -- if you want to win with J.D. Vance. You're going to have to do it in the next 18 months, at the very minimum, okay?

It's going to get harder and harder to do it.

So you have -- you have the things. What are the levers the president has in front of him?

Housing. What is the problem with the housing market?

The housing market, there's a couple of problems.

One, we don't have -- we have a shortage of housing. Okay. Because everybody freaked out. You know, 2008, we had a housing glut. Now, maybe we should go to other way.

So we didn't build enough houses. So now we have this giant housing shortage.

So can the president fix this one quickly?

No. Millions of houses need to be built. And how is he going to do it?

Unless there's a land grab, okay?

Unless he opens up federal land, which we saw how that one went. So he can't really fix the housing thing. He could help it, by saying, "Hey, BlackRock, you guys stop buying houses."

But how do you do that?

I mean, is that the right thing to do? I mean, it's the right thing to do for the people. Constitutionally, can you do that?

I don't know. I don't think so.

The next cost that people are feeling. Electricity. What are you going to do with that?

Well, we know that he's building power plants. Or he is -- he is letting the red tape go, on the power plants.

So if you want to build a power plant, you can build a power plant, in record time.

But that, again, is 18, 24, 36 months away. Minimum! Before you have new power plants, where you'll start to see your electricity costs go down. So you can't do that. Food costs. What is he going to do?

Import cheaper food. That's not a good idea.

So what are you -- how do you affect the average person's money? Well, you can send them free money. Which means, we have to print more.

He's going to send free money. It's the money that he's been taking in from the trade barriers.

So he's saying, he's going to send a $2,000 check to people. And that's the first time I've ever seen a check where the money was actually money.

That we had. Not printed money.

But that's all you can do. You can even do that. That's all you can do. Because you can't print money. You can't have a stimulus. Or you will Jack the prices of everything up.

And you're in the same loop over and over and over again.

The only place where the government has the tools, has enough sway, Donald Trump could do this.

To start breaking this thing up.

Is health care. And that could change things pretty much overnight.

Within 12 months, if he acted today, within 12 months, you would start to see prices come down. You would start to see competition.

You would start to see some sort of relief. But what else does he have, Stu. What else can he do, that will change people's lives. And he knows he has to do that.

STU: Well, I mean, I -- generally, I think I agree with most of that.

I think that the health care is one, you could do.

Again, that's something you sign up for on an annual basis.

Even if the prices did drop, it would take a while for that to come in.

The easiest way to do this -- and he's, by the way, done a lot of this -- is deregulation. You know, I think what's happening with some of that. And we're not seeing tons and tons of results from that, is because I think he's doing things on the other side as well.

That are affecting prices the opposite way. So we're not going to see massive drops.

Of course, a lot of this -- there's a lot of big promises that are being made. When you talk about prices coming down, really fast. It's not always achievable.

The president of the United States. We said this for 100 million years, I feel like again, we're on repeat here. The president of the United States is not the guy that sets prices. That's not his job, right? He doesn't micromanage the economy.
He can do things that can help the economy. I think what's happening now, as you're pointing out. I think this is the desperation a little bit seeping into our politics.

Is that there were -- Trump won the election with a lot of people who had faith in him. Not because he was good on even the border or on -- you know -- you know, trans kids. You know, trans men playing women's sports. It was about -- it was that affordability issue. He was really good on that.

People believed that they would see an economy like they saw in 2018 to 2019, in his first term. And we're just so far, not really seeing that.

Now, there's a lot to unwind. From where Joe Biden was. And the way these prices work. When it comes to inflation. Is not necessarily that prices drop down.

That's what is so devastating about a long-term inflation like the one we got from Joe Biden.

The prices get to a set level.

You don't necessarily bring those prices down. As much as, you slow the increase.

Which is difficult.

GLENN: Yeah. Yeah.

STU: Again, one of the focuses of Trump's economic plan is to try to draw a lot of these products to be made in the United States.

As you point out, that is a long-term process.

You're talking about way after Donald Trump is -- is out of office, before you're seeing the -- what -- the potential theoretical benefits of new factories being built in the United States.

It's going to be to take a long time for that to work, if you believe it's going to work. When you're talking about the other side of that. Which is, you know, increasing prices, based on different taxes and such.

You're -- you're winding up with a situation where you're taking the medicine, and you're waiting for those results to kick in over multiple periods of years.

So I think the way he can do a lot of this stuff.

The best thing he can do in a quick way. Is cutting regulation.

You can cut out a lot of this stuff, to increase the speed of the improvement. Like, you want to build a new power plant. He can cut those things from 12 years, to four!

But that's not going to -- it's not an immediate, you know, economic win.

GLENN: No.

STU: What you're talking about.

GLENN: The country has cancer. That's the problem. The country has cancer.

And we can survive. But it's -- going to take chemotherapy and a long time. And so you can't just go in.

If you have cancer, you can't go in and say, well, you know, you told me yesterday, you were going to start chemotherapy, and I had my first chemotherapy, and I feel worse.

And I'm not getting any better.

"It's been six months, Doc. And I'm not feeling any better."

Yeah. You're not going to feel any better at first. Because it's a serious disease. That's the issue that we're dealing with. The damage -- and we said this under Biden. We said this under the first Trump. We said this under Bush. You know, Reagan was saying this. At some point, the -- the sickness is going to be so bad, that there's not going to be anything that feels good to do. And it's going to get harder and harder to take the medicine.
And unfortunately, you know, everybody wants a quick fix. You know, when Reagan came in. And everything was out of control, you remember what Paul Volcker did?

You remember this, Stu?

STU: Yeah.

GLENN: You weren't old enough. But you know it through history. What did he do?

STU: He had to get rid of inflation. That meant jacking up rates. And that was a painful period.

GLENN: To what? To what?

STU: Eighteen to 20 percent, in that range.

GLENN: I think at the top it was 20 percent interest rates. I remember 19 percent interest rates. Nineteen. People are freaking out over five or six. We had 19 percent interest rates. That stopped everybody from buying. You want to talk about not being able to afford a house.

That was it! But that's what sucked all of that money back in.

Well, you can't do that right now. Because the patient is so sick, you can't -- those interest rates will kill everything. It will kill all the jobs.

The whole thing will collapse. So you can't do that. But we're complaining on 5 percent. You know, and we're wanting them lower and lower and lower and lower.

Well, yes.

I want that too. Because there are signs that jobs are going away. But jobs going away is not just the interest rate. It is also AI and automation.

We are in this really ugly place, that we don't have these honest questions, and really explain to each other, exactly what's -- what all of the forces are. You're going to get socialism.

Because that will seem like the only answer.

Just make it stop. Just make it stop.

Well, okay.

But know what all of the forces are that are causing all of these things.

And there is a way out of it.

It just cannot be done in two years!

It can't be!