RADIO

The FACTS behind Biden’s BLATANT LIES on economy, oil & gas

No one could dismantle America faster than the Biden administration. And it becomes even worse when President Biden tries to outright LIE about how he’s doing it. On Friday, Joe Biden said the U.S. economy is ‘on the move,’ touting the jobs he’s created and the deficits he’s lowered. WHAT?! Is he living in an alternate universe? Glenn and Stu break down these BLATANT LIES, giving you the FACTS to how this far-left federal government is destroying our economy and our oil & gas industries…

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. So Biden said a couple of things. One, we all know the right way to build something is build an economy from the bottom up. You know, I don't think we all know that. I certainly don't know that. I've never worked for a poor man. They are generally not the ones hiring. As we have pointed out earlier this week. But he says, things are great. What is the new unemployment number?

STU: 3.6 percent.

GLENN: Wow. That is incredible. 3.6 percent.

STU: It's quite low.

GLENN: Yeah. It's almost like unemployment. When you're getting into the threes. You're headed towards unemployment. Where there's just no one else available for the jobs. Now, if I listen to Joe Biden, things are going so well. New jobs are being created. He's created, what was it? 7.5 million new jobs?

STU: Oh, all creating them.

GLENN: In the last year alone. Can I ask I a question? I haven't seen any of these new jobs, I haven't seen the new job creation. I live in Texas. And I do see the empty stores and restaurants and things that used to be there. And maybe there's a few new stores, but I'm not seeing them.

Now, I'm in Texas, that just has been on the ropes. There's no new job creation here at all.

STU: Hmm.

GLENN: Wait a minute. So let me ask you this: Did we lose that many people? I mean, it must have been millions. The media, I know, is lying to us. But did we lose tens of millions of Americans, in covid?

STU: No. We did not -- not that many. A lot. But not that many.

GLENN: Okay. So why is there a help wanted sign in almost every store, restaurant, everywhere?

STU: It's because of Joe Biden's raging economy.

GLENN: But these were the same jobs that were filled by people, just two years ago, and now they can't fill them. Did they all go someplace? Did they die? Or are they all working in this mystic mountain, you know, machinery, this -- this great corporation in the sky, that I haven't seen or heard from?

STU: Hmm. It may be that. Maybe that's why. And maybe because that's such a jarring scenario, that's the reason. They can't seem to recognize all of this bounty that they have. People are not recognizing the economic brilliance, of Joe Biden. And all the things he's brought to them.

GLENN: Well, I mean, he did stand in front of the American people, just about 15 minutes ago, and say, look, here's the thing. People have more money in their pocket, than they did a year ago.

STU: I mean, it's technically probably true. Because the money has inflated so much. That they need extra dollars to do anything. It's a fascinating thing. You know, because we were talking about this with Michael Malice a few minutes ago. It's good to go on offense. Republicans don't go on offense a lot. But it's not the only answer. You shouldn't be on offense, when you have absolutely no argument. And Joe Biden has absolutely no argument.

GLENN: Oh, I won't hear that. He just pointed out that he cut the deficit.

STU: Oh, this one was really frustrating.

GLENN: No. Listen. Not the debt. The deficit. He cut the deficit last year, in 2021, last year, by 350 billion. This year, he's cutting it by $1.3 trillion. That's the biggest reduction in deficit in our whole history.

STU: Think of what -- this disingenuous doesn't cover it. Think of what a pathetic lie that is. First of all, he's comparing this to a year, where all of the businesses were closed. And millions of people were fired, because there's nowhere to work. So, yeah. Tax revenues work pretty far down. We also spent multiple trillions of dollars, on a pandemic.

GLENN: Only 5.6. Only 5.6.

STU: It's much more than that. But still, okay. 5.6 trillion on the front. We recover the fed stuff I guess another time?

But still, $5.6 trillion+ on covid, just added on top.

He reduces it by $350 billion, from that number, which is terrible. But it's a terrible job. And he just -- just by showing up to work, you should have been able to do a trillion dollars off that budget. It was supposed to be a once in a lifetime pandemic, and you basically repeated it in year two, when everyone wanted to go back, and you kept telling them not to.

Then this year, he's taking credit for $1.3 trillion in -- in budget -- in deficit reduction. When that number is, first of all, not impressive. Considering what he's comparing it to. But secondly, it only exists because his plan, Build Back Better, didn't pass. If it did pass, he wouldn't have saved $1.3 trillion off of the budget. It's only because of his failure, that he can claim the success. That is his argument to the American people today.

GLENN: So this is a little like, your house is on fire. And it's burning down. And the fire department comes. And starts putting it out. And you're like, dude, it is still out of control. And the five or six department saying. I just reduced the temperature of your house by 400 degrees. And you're like, but it was 1400. It's still 1,000 degrees! In the house.
(laughter)

I mean --

STU: No. And not to mention, the fact that even before the pandemic, the -- the deficits were too high. So he's taking it -- a worst case, monumental, once in a century, terrible number. Reducing it slightly. Then bragging about it, while the American people, identify correctly, as one of the biggest challenges we have, is inflation. And what is his answer? He's talking about spending more money. And then telling you, it's going to fix inflation. He's talking about releasing millions of barrels from the strategic oil reserve, which will do nothing. It's not going to help the problem. If anything, it puts it, at higher risk, in a time of potential world war, which is -- so it's a terrible idea.

But if you really wanted to knock a few cents off of the gas prices for a short time, your job would not be to release oil from the strategic oil reserve. You could no change out the tax. The federal tax of 18 cents. And get it to go down 18 cents in a day. Now, should I you do that? There's economic arguments against it. But at least there would be a straight line through some sort of sane, coherent thought process, to change the gas prices in the short-term.

Whether that should be his goal or not -- I mean, I want that tax to go away for other reasons. And it should stay gone away forever. And so should the state taxes. But this was -- this makes absolutely no sense.

GLENN: Oh, boy. You haven't listened to the president. Look, he said.

STU: He said, come on, man?

GLENN: This is a moment of consequence and peril for the world. And pain at the pump for American families.

STU: Uh-huh.

GLENN: It's also the moment of patriotism. I want to acknowledge those companies that have already announced that they're increasing immediate production. They're investing money to produce more oil, and also clean technologies, we need to reduce our dependence on oil in the future. They're investing money, really? Because no bank is giving them money to invest. No bank is giving them money to pump more oil right now. Because that is a reputational risk, to the banks. Don't believe me? Ask the oil companies, that are not under the thumb of their new, wildly progressive environmentalist cabinet members. Or their board members. Like Exxon. No bank is giving these people any money. So they say, they have everything they need. These oil companies. Everything.

STU: Of course.

GLENN: Literally nothing. Nothing. Nothing, I'm quoting, is standing in their way. And they've indicated, they will be producing an extra 1 million barrels of oil per day, probably starting as early as this fall. Now, that's progress. Is it? Is that the best we can do?

STU: No. That is not the best we can do. But some companies have been pretty blunt. They don't want to increase supply. Because Putin's price hike, means higher profits for them.

STU: Right. Because they wouldn't want more to sell, in a market that's higher. That makes a lot of sense. These greedy guys are stupid.

GLENN: One CEO even acknowledged that they don't care if the price of a barrel of oil goes to $200 a barrel.

You know who says that? People who are environmentalists. They want it to go to $200 a barrel, so you can't afford gasoline, and then you will cry out, for the magical electric car, that will not be ready, because we don't have the energy capability, for everybody to plug their car into the wall!

STU: Or the nickel, we never to make the batteries.

GLENN: Oh, no. We're getting the nickel.

STU: Oh, we're --

GLENN: We're getting it, because he just took over the industry. Another War Powers Act. Can America wake up to the fascism? Another War Powers Act, he just enacted yesterday to take over the nickel industry. So he can force these companies, to go get more nickel.

Oh, my gosh.

STU: And, of course, when government runs industries like that, it always works out really well.

GLENN: It always works out. Yeah. Look at Cuba. I mean, do we need to say? Look at how well all of these policies worked in Venezuela for their oil industry.

STU: Really, really well. By the way, too. It was Steven Colbert the other day, making a joke, about how he doesn't care if it goes to 15. Fifteen dollars a gallon. He has a Tesla.

GLENN: Uh-huh. You know what, there's somebody else that talks specifically about this. Now, it's a conspiracy theory. She doesn't have any power whatsoever, to actually get people to do something.

Here's cut three. Nancy Pelosi.

NANCY: But we cannot allow the fossil fuel industry to use this as an excuse to reverse everything that we're doing to save the planet. One of the things that I think that the president may say. I don't have this as a fact, is that we will use the defense production act, to speed up diversification, so that we're not so dependent.

GLENN: More power. More power.

NANCY: On oil.

STU: Wait. She doesn't have it as a fact. The president might say. Then she looks down at a piece of paper and reads the words, Defense Production Act. What do you mean she doesn't have it as an act?

GLENN: Jeez. So she is saying, but the good news is, we cannot let these oil companies use this as an excuse, to go back and producing more oil. Did you hear what she's saying there?

STU: Oh, yeah.

GLENN: They can't use this as an excuse. Meanwhile, he's saying, they don't want to do it, because they're making so much money. Which one is it, guys?

STU: Nothing makes sense.

GLENN: But both of them, stay calm. Are invoking the War Powers Act. Oh, and one other thing. The president announced yesterday. And he repeated it again, in his speech. We are now going to be releasing one million barrels of oil, from our strategic reserve every day, until some time in the fall. 1 million -- do you know what the strategic oil reserve is for?

The name kind of gives it away. It's strategic. It's in case the United States has to go to war, because we learned you're lesson in World War II. He should know it. I mean, you know, I think Biden was 47, when we fought that war. It -- we learned our lesson. We have to have oil. We must have oil. Or we're not going to be able to -- we're not going to be able to fly our planes. Or sail our ships. Aircraft carriers won't work. Tanks won't work. Jeeps won't work. Nothing works, without oil!

So if we had to fight a war, we wanted to make sure, that we had enough oil, for that war! He's taking that down almost 40 percent! If we had it filled to the rim, we're left just with this tan. Not the last one. Just this tap, is going to take us to 60 percent of oil reserves. Okay? 60 percent. We probably have lost another 10 percent of our oil reserves, from the last one he just did. We're sitting at 50 to 60 percent of our oil. Assuming we started full. We're sitting on half of the strategic reserves. And they're seriously still talking about a nuclear war. What the almost used the word wrong for broadcast. Is wrong with these people! No, I know what's wrong with them. What's wrong with the American people? What is wrong? Are we this stupid? Are they going to get away with releasing our oil reserve? Everybody who is barely making it. Barely making it. If you want to save the country, you should still be saying, no. No. No. No, on that much oil, being -- it's the largest release in the history of our country. Good God, I could not dismantle this country faster. If I had all the experts in the world, and they all hated America, I could not dismantle this country faster. Than this administration is doing it. And, by the way, mark my words, soon they're going to have the final solution for America. They will tell us, let's -- we have to do these really crazy emergency things. We have to do it. But it's the only way to survive.

Yeah. America, their solution, will not actually be an economic shower. Don't go into that room.

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RADIO

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.