RADIOFebruary 24, 2025

Bud Light Insider Reveals What Led to Dylan Mulvaney Controversy

The American pushback against wokeness really took off after the Bud Light-Dylan Mulvaney controversy. But how did that partnership even happen? How did the working man’s beer go work? Glenn speaks with Bud Light insider Anson Frericks, who is the former president of Anheuser-Busch Sales & Distribution Co. and saw the company’s culture shift firsthand. He lays it out in his new book, “Last Call for Bud Light.” And he tells Glenn that the driving force behind the wokeness wasn’t business data or the will of customers. It was major shareholders like BlackRock, who pushed the World Economic Forum’s Great Reset principles. So, now that Trump is pushing back against the ”ESG Industrial Complex,” he argues, many CEOs are abandoning these failed policies.

Transcript

Below is a rush transcript that may contain errors

GLENN: Anson Frericks, I think I have his name right. He's the author of a new book called Last Call for Bud Light.

He was -- he is the Strive asset manager cofounder. He is with Vivek Ramaswamy.

He has written a great book that I think everybody should read. Anson, welcome to the program!

ANSON: Thanks for having me this morning, Glenn. Really excited to be on the show.

GLENN: Oh, you bet. Your book is fascinating. It's a great, great business book. To kind of get into how a great brand is built. And how it's dismantled. And how it went horribly, horribly wrong.

ANSON: Yeah. You know, Glenn, it's really interesting.

If you think about all the pushback on ESG and DEI, and really just, in my mind, it really started with the collapse of Bud Light.

That's when I think you had all these regular, everyday folks that were saying, man, you know, you act like you did not like when the NFL and all the players kneeling. Yeah, I hated it when Disney got involved in the parental rights issues. But, man, when Bud Light, which is the working man, everyday citizen beer, when all of a sudden, they're promoting Dylan Mulvaney, and everything going on with Dylan Mulvaney, that's when I think people said enough is enough. They stopped buying the beer.

Customers left by the millions. The stock price cratered. It's crazy that they still haven't figured out, and there hasn't been a comeback at all.

GLENN: You know, I wrote a book a few years ago, about The Great Reset.

ANSON: Yeah.

GLENN: And how that was changing everything. And all of these companies would be beholden, not to you, the consumer, but would be beholden to people like BlackRock. And as I'm reading your book, I'm like, yes. Yes.

I can't believe how right we were. Because that's really what seemed to have happened. The culture changed. You moved from St. Louis to New York.

You started caring about BlackRock. Not the consumer.

And you were there, watching this happening, knowing what was coming. Or at least it seems that you really kind of knew what was coming.

ANSON: Yeah. No. Absolutely. And, Glenn, you were ahead of everybody on this. With the Great Reset, the phenomenal book on your end. And seeing what's happening. When you have the World Economic Forum. Klaus Schwab, and all these individuals that were pushing more for this European form of corporate governance. Stakeholder capitalism. Companies. They're supposed to create value for all stakeholders. Which is very distinct. For the American -- Milton Friedman view of the world, that said, you have to put the shareholders first, and you have to do what's right for the shareholders, which is create products, services, that actually create more sustainable businesses.

But as many corporations over the last five to ten years adopted this Klaus Schwab, European fake order view, which was foisted on them by the BlackRock world, who were taking money from very progressive pension funds in California, in New York, and in European sovereign wealth funds. We saw this as the least sustainable thing that a business can do. Is try to get involved in all these political and social issues.

GLENN: Right.

ANSON: To fracture your customer base. It's bad.

GLENN: Was that something that you think these business leaders actually believed in? Or were they just saying, hey, it's a new world. And everybody has to do this. Or we're not going to get the money from the banks.

And we're not going to get the funding that we need, et cetera, et cetera.

ANSON: Yeah. I don't think many of these people believed in these programs. But unfortunately, they were foisted by them, by the black rocks. The state streets. And the Vanguards.

They're the single largest shareholders in most of these companies. And then you have this whole ESG industrial complex, built around this.

McKinsey. One of the most influential management consulting companies, had their diversity matters. Diversity wins.

DEI studies, that told companies that they needed to improve their DEI. And, of course, they could hire McKinsey for millions of dollars to figure out how to do that. You had the human rights, which is this activist non-profit organization, that started scoring companies. You know, you talk a lot about the social credit scores. Human rights campaigns are doing to the companies that's shaming them, if they didn't have the right transgender policies in place. If they didn't have the right amount of advertising to the LGBTQ+ community. I mean, there was this whole complex that was built up.

That's why I think you were starting to see a lot of CEOs backtrack on these policies. They had nothing to do with actually creating more value for the shareholders, or actually promoting the business.

It was all about promoting the political agenda. I think most of them didn't want to believe in, but they were most compelled and forced to do over the last couple of years.

GLENN: So the Bud Light, you know, the end of, I think, I agree with you, the end of ESG. At least not -- at least the end of it being the knee-jerk reaction of, no. Of course, we have to have transgender people in every commercial.

The end of that, yeah. I'm reading your book, last night.

And I'm like, okay.

I think maybe -- maybe we've hit the end of this. Maybe this is the beginning of looking back and saying, look how insane all of this was.

Are we on sure footing now, leaving that time period? Or is it still a real lurking danger?

ANSON: No. I think the pendulum is definitely swinging back. You really see businesses dividing in two camps. You have certain companies that have realized, that these policies have failed. And they want to get back to the bottom line. You've seen companies like Meta and Walmart and Tractor Supply Company and a bunch of other people that hold back their programs. But then you have companies that are more in progressive cities. I mean, Costco has doubled down. Costco is based out of Seattle. They're doubling down on their DEI programs.

You have other companies, and I talk about this a lot. But even Anheuser-Busch, which is owned by a Belgium corporation called InBev, that they haven't necessarily publicly backed down. It's just the company that lost the most from this whole movement. And they still haven't publicly backtracked, even though a lot of their American counterparts have. Because, again, they are owned by a European company that promotes more of these -- more of these values. And I think that's where you're starting to see this divide.

And the companies that continue to hold on for to, I think the DEI and ESG philosophies are going to continue to fall behind their American counterparts.

GLENN: So how much of a role did just being out of step, with the Bud Light customer. How much of that played a role before ESG. I mean, if you don't understand the Clydesdales. You don't -- you don't get Budweiser. Would you agree with that?

ANSON: You know, 100 percent, I think there was a dangerous cocktail that was mixing for almost ten years at Anheuser-Busch. And we kind of found this firsthand. So going back, Anheuser-Busch was created by an American family, by the Busch family. It was taken over by a European company called InBev in 2008. And InBev was based in Belgium, and then it was also run by a couple of Brazilian individuals. And they came here to the US. And over 5 years, really dismantled what Anheuser-Busch was.

Even including in the year 2015, they moved the corporate headquarters from St. Louis to Missouri.

And they thought they couldn't have the right talent in -- in -- in St. Louis. They couldn't attract the right people. Even though, St. Louis, Missouri, they had great talent that built this company, essentially the world's largest beer company.

GLENN: Oh, yeah, Anheuser-Busch, St. Louis, Missouri. You heard that your life.

ANSON: That's it. So they moved from the epicenter, away from the middle of the country.

Where there's always a saying -- you know, generally placed for American. Peoria, Illinois, is very close to St. Louis. You have all of a microcosm of the US around there.

Which helps you understand the center of the US.

When you move to New York. You hire New York agencies. New York marketing. New York folks. That has really changed.

I think the outlook of the company, combine that with the rise of really ESG and DEI, which really took off, in that 2015 to 2021, 2022 time frame made for a dangerous cocktail, that they just lost who their customer was. And who that core American beer drinker was.

GLENN: I have to tell you, one of the best parts has nothing to do with ESG, of the book. Is moving the company to New York. Because I moved my company out of New York. But at first I left the -- the headquarters in New York. And the company really split. You know, once a founder leaves, things can go awry quickly. And especially if you're in New York, and the founder is in Texas. And we really had some really tough times, because of that. And I -- you know, businesspeople, I hope they -- I hope they recognize the effect. But in your book, it shows, a company like InBev could not. It didn't get that at all.

ANSON: No. They didn't really get it at all. I saw firsthand, the company changing. You read more about this, in the book last call for Bud Light. One of the things I was frustrated with, especially in the 2020, 2021 time frame, after COVID, after George Floyd. And the company which was this meritocracy. That's what I joined. Hey, if you work hard, you get promoted. And one of the key principles of the company was, we promote based off the results you get. And all of a sudden that principle was changed to, we promote based off the diversity of your team.

Then you sort of have diversity dashboards coming in. To see the diversity of your team. On top of that, we couldn't even just get partnerships done. I thought that made tons of sense.

I talk about this in the book a lot. I tried to do a distribution agreement with Black Rifle Coffee Company. And you probably Black Rifle Coffee company, its mission is to serve culture and coffee to firefighters, first responders, police, people who love America.

But that was too controversial of a partnership in 2021 and early 2022.

GLENN: That's crazy!

ANSON: And for me -- for me, it was kind of our external affairs team in New York. They essentially scuddled this deal based off their own political leanings. I said, guys, the same person drinking a six pack of Budweiser at night is the same person drinking six cups of Black Rifle Coffee Company the next morning.

GLENN: Yes.

ANSON: And what do you mean we can't do a distribution deal, where we're putting the same Black Rifle Coffee cans on the Budweiser trucks? This makes sense for everybody.

But that was too controversial of a partnership. And that's where you saw just that center of gravity, when you're looking at America through the lens of Fifth Avenue in New York, versus St. Louis Missouri, where I think you really lose sight of who your customer is.

GLENN: You know, when you talk about how Bud Light sent that can to Dylan Mulvaney, that may surpass. In fact, I think it does, surpass the boob move of, we've reinvented our recipe. Now it's the new Coke!

I mean, just dumb as a box of rocks. You say, I -- you outline clearly how bad it was for Anheuser-Busch, but the average person, I think would think that Bud Light has kind of recovered, and that's kind of past. But that's not true!

ANSON: No, I mean, it really hasn't.

You know, I get into this in the book a lot. About that same organization, that same sort of external affairs team that canceled that Black Rifle Coffee deal. They were the one that green lit the Dylan Mulvaney partnership.

And unlike the Coca-Cola. Coca-Cola, they were in the state. But what do they do? They took accountability for it? Did they apologize for it?

GLENN: Right.

ANSON: They killed new Coke, I don't know, within a couple of months.

GLENN: Oh, yeah.

ANSON: One of the big problems. You make bad, bone-headed marketing mistakes regularly in business. The real problem here is, yes, the marketing decision was wrong. But even more importantly, the company's response to it is the reason, Glenn. Like sales are still down 40 percent, 50 percent.

They still lost $40 billion of value, and have not recovered before this. Because the company never took responsibility and accountability, and has not made any changes. The same CEO is still there. They still have not come out. They rolled back publicly DEI policies. They haven't apologized to their loyal customer base. And they haven't been able to admit, and say, we screwed up.

And I think part of it is, is because of this kind of European ownership they have. And, you know, my feeling is that they're not going to actually get their Bud Light customers back, no matter how much money they throw at it. Dana White, the ultimate fighting championship, which I think they gave him $100 million. They have Shane Gillis, they have others. Because the real path to redemption, I mean, goes through forgiveness. You know this. But the only way to be forgiven is actually to admit there was a mistake and there was an area. And they have yet to do that. Until they do that, I don't think a lot of these customers are coming back, no matter what marketing you give folks.

GLENN: So the name of the book is last call for Bud Light. The fall and future of America's favorite beer. I need to take a one-minute break and then come back. And I want to talk to you about what does the future look like, and not necessarily for Budweiser.

I mean, you are -- you cofounded strive asset management with Vivek. A good friend and a really smart guy. Who I think has a really bright future. And so you're looking at these companies and trying to find the right companies that align with the values of their customers.

Tell me, the advice that you give for companies, now that are still kind of in this weird zone. What the future looks like. And what is the path forward?

GLENN: If -- if I could catch hope in a jar and put a lid on it. And give it away, I would. Our nation has been far too short on hope. Especially when will it comes to the economy and our personal ways.

Maybe things are finally starting to get better. Maybe we will have more trouble before it gets better. We have a lot of debt we have to pay.

We made a lot of really bad mistakes. But now that we have good leadership in office, you know, it's going to be a little less worrisome, maybe.

A little more hope.

But you are still in charge of your own personal economy.

Here's the hope I can give you. A sincere recommendation to give American Financing a call. Because they work for you, not the bank. They're salaried employees. When they -- when you call them. They will shoot straight with you. Maybe take ten minutes just to get started. And they are saving the average listener of this program, just around an average of, what? $836 a month.

That's like giving yourself a 10,000-dollar raise. That's a little -- that's a little deposit in the hope bank, isn't it? Start today. You might even be able to delay up to two mortgage payments, which can help get you even further ahead.

Don't take my word for it. I always tell you, and I mean it every time. Do your own homework.
Don't take anybody's word for it. You're smart enough to figure out if it's right for you.

American Financing. 800-906-2440. 800-906-2440, or go to AmericanFinancing.net.
Ten-second station ID.
(music)

GLENN: So what do you see as the current situation, and the path forward in the next three to four years, for American companies and brands?

ANSON: Yeah, so it's funny. I left one year before that Dylan Mulvaney partnership, after they wouldn't let me do the Black Rifle Deal.
I saw the company changing from a diversity standpoint. And Vivek and I, we started a company called Strive Asset management. Which was, we were going to invest everyday citizen dollars into businesses and have them be focused once again on meritocracy. Have them be focused on their mission.

Don't necessarily get involved in a lot of political and social issues, like we saw. I was looking Atlanta, Georgia.

If you remember, Glenn, in 2021, when the governor passed the Georgia rights act. You have to have an ID to vote.

And corporate America lost. BlackRock. One of the companies said, we're pushing back against it. Then they kind of compelled Coca-Cola, Delta to get involved in this pushback. And Major League Baseball cancelled the All-Star Game.

In 2021, in Atlanta, over this Georgia voting rights. You need to have an ID to vote. So we saw a lot of these problems happening. And we came out, and we said we're going to start a new asset manager, compete against BlackRock.

Let's have companies just focus on whatever their mission is. Stay out of politics. That will be good for business, because you will not fracture your customer base, and it will be good for our democracy as well. Because we should have individuals -- are the ones that should be deciding what rules they live by, not these secret national organizations or ESG-promoting asset managers. It's funny.

When we originally launched, this is not even a contrarian position. But this was almost like a subversive position 20 years ago. People called us anti-ESG, anti-DEI, anti-woke. I mean, you name it.

GLENN: Anti-everything.

ANSON: Anti-everything, and I said, guys, we are just pro-American, free market shareholder capitalism. That's what we are pro. We are anti-European stakeholder capitalism. We're anti-the World Economic One. We're anti-the European agendas, yes, we are. But we're very much pro-American. Free market shareholder capitalism.

And there are a lot of people that wouldn't even work with us. Marketing agencies wouldn't work with us. People wouldn't engage with us early on.

And it's so funny now, because now three years later, what was a very contrarian idea has become very mainstream, and the pendulum again has swung back for most of corporate America, who has now -- who has now once again been able to focus on the business.

GLENN: I think this is a book for every businessperson, even just someone who has watched Anheuser-Busch through the years. It's an amazing story, and something that every businessman should read, going forward. Last Call for Bud Light. The fall and future of America's favorite beer. Anson, thank you so much. God bless.

ANSON: Thanks, Glenn.

How Trump can ensure America's leadership in the future

Glenn lays out how President Trump can use his reciprocal tariff plan to build a nation that doesn’t just survive. It LEADS. First, Trump must take an axe to the regulations in breathtaking ways. Second, he should shame Congress: does it have any courage to be bold at all? And third, he shouldn’t rebuild the factories of the past. He must build the industries of the future: computer chip factories, data fortresses, rare earth mineral mines and refining plants.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. There are three things that I want the president of the United States to stand hard on. Right now.

If I were -- if I had his ear and I were like, hey, Mr. President, here's what you do.

He would look at me like, Glenn, you think I'm going to listen to you?

Let me give him some advice anyway.

I want the president to hammer three things. First, today, I would urge him to take an axe to the regulations today, in breathtaking ways!

That's number one.

I want him to show up, actually with an axe. And say, I am going to cut regulations, so we make this country more competitive.

No need for this government to get into your way, of your dreams. The states want to do that. That's fine!

You know, if you're obviously going to you put poison into the rivers and everything else.

Then we'll get involved in that, but no more of this regulation. And I am cutting them today. In breathtaking ways.

And then I want him to shame the Congress.

You know, Congress is going out on like a three-week vacation now.

You know, it must be nice, guys.

Wow, insider trading. And unlimited vacancies, it seems.

At some point, they will come back. And they will make those tax cuts, that we got eight years ago, permanent.

That's not what we voted for. We didn't vote for that. We voted for significant tax cuts. We want you to reduce the deficit. We want you to give us significant tax cuts.

We want you to get out of our way!

And Donald Trump said, the last thing, that we have to do is raise tariffs.

Well, he raised tariffs yesterday.

Congress, shame on you.

People see the times that we're in. We're in bold times. Do you have any courage to be bold at all?

Okay. So he -- he raised the tariffs. And what everybody is saying, great. This will bring back American manufacturing. That instinct is right. We have to bring back jobs to America. We have outsourced way too much.

We have hallowed out our middle class.

And all we are now, is on -- on unmanaged decline.

That's really what the course is. Managed decline.

Donald Trump is trying to flip that. We have made ourselves so vulnerable to foreign supply chains. You know, that at best, they don't care about us.

At worst, some of these foreign supply chain providers.

I mean, they want to destroy us. So what are we doing?

So here's the truth: If all we have to do is chase the old jobs, we're going to end up building the ghost towns of opportunity for tomorrow.

You just, you can't do it. Because the factories, with lights on. But no people inside.

That's -- that's coming. Okay?

This time, when the factories come back, they're not bringing back the same jobs!

They're going to be done by robotics. Sensors. AI systems. And if we don't think bigger and broader and bolder, we are going to miss the opportunity, to build the nation, that doesn't just survive, it's the nation that leads!

We have to stop thinking about America's future, like it's a rerun of 1954!

It's not. GM is not coming back. The big factories are not coming back like that.

And the goal is never to return to the past. Do you think in 1954, they were like, oh, man. If we just had those big factories. You know, milling those cotton?

No. They weren't thinking like 100 years ago. Why are we?

The goal is not to return to the past. The goal is to build what the world needs, tomorrow!

And make sure we're the ones that are controlling it!

So when we talk about bringing jobs back. What are the jobs we should be looking for. What do we build?

Well, first of all, we build chip foundries. Okay. Not one, not two. Dozens of them, all over the country.

Dozens of chip factories. Because every single car. Every missile. Every drone. Every phone. Every satellite. Every AI model depends on those chips. We must control the chips!

Right now, the majority of high end chips, come from Taiwan. Which is 100 miles off the coast of a very aggressive and unstable China!

Do you think if things get tough, we're going to have -- we're going to have access to those chips?

And we can't just have Taiwan come in and say, oh, we're going to build one factory here.

No. Dozens of those factories. Redundancy.

You know, the -- having everything coming from Taiwan. That's not a supply chain. That's a hostage situation, ready to happen.

We need to bring the entire chip ecosystem home. That means, the raw materials. The design. The fabrication. The packaging. The protection.

That's sovereignty. That's bringing America into the future!

Not back to 1954. Another thing, and I wouldn't mind going back to 1954 on this one. Because we at least got this one right.

We need to build nuclear power. Period!

And not the creaking concrete dinosaurs of the Cold War. We need to build small, modular reactors. We have them now.

AI optimized grid systems. Next generation thorium designs. That are faster. That are cheaper.

That are cleaner. That are safer.

Why do we need them? Because of the data centers. These data centers are going to eat up so much of our electricity. If you don't build these things now, and you want to stay competitive with AI, as a nation. You're going to be having brown outs.

Because the -- the data centers are going need to them. So if we are ahead in AI, but we didn't build enough electricity. You're going need to be living in brownouts.

That's not a good idea. That's not how we lead. If we want to run the data centers, the factories, the server farms. The electric vehicles.

All without choking our air, and all without depending on any foreign oil, nuclear is not an option. It's the foundation.

And if we would -- if we would pursue this new technology. It's already here.

If our government would help, by just deregulating. Not the crazy stuff.

Well, actually deregulating the crazy stuff.

Not the protections against the crazy stuff. Make sure these things are safe!

But build them.

Then server farms. I don't want the government building a single server farm.

Not one.

But I do want the government. And this would create a lot of jobs.

To build data fortresses. Okay. Server farms.

Domestic cloud infrastructure. Let the private sector fill the buildings with the latest and the greatest. Let them carry all the risk.

Oh, gee. This is something brand-new. We have to get rid of all of that. Okay good. They carry all of that. But perhaps it is the government's job to build a fortress around those centers, to protect it. That's where the real money can come in. And businesses will say, I want. Because they're protecting it. It's safe here!

The back bone of every single AI model, every defense system. Every modern company, it's all going to be on data. Period.

And we're hosting far too much of it, right now, on foreign-owned systems.

Or in single points of failure.

Not a good idea. We need hardened, distributed, secure computers across the country.
Our future should not be held together by luck, some Band-Aids. And third party log-ins. What are we doing?

So forget about building, you know, the new GM plant of the future.

These are the things that we should be focused on.

We need to build robotics hardware.

Because while AI is the brain. Robotics is the body. And whoever builds the controls -- whoever builds the body. Controls the labor of the future.

Okay? Because it's not going to be you, working on an assembly line. It will be a robot. China is pouring billions of dollars into robot manufacturing. If they control the means of automated production, they control the next Industrial Revolution.

Have you seen their docks, compared to our tox. We're not doing anything, because of all of our labor unions.

China does not care about our labor unions.

Okay. I don't think that's a good thing.

I don't like China's model. But if we don't understand, that they will put us out of business. If we don't adapt to what is happening. We are going to be left in the dust.

All of this stuff is not worth anything. All of the pain that you will be feeling, at the grocery store, and everything else.

All of the arguing. And all of the fighting, that we have done. To try to save our country, is over in the next five years. If we're not understanding what I'm saying to you right now.

We cannot allow China, to lead in -- in AI, or automation.

From agricultural bots to surgical systems.

It has to be led by us.

We also need to create new jobs, in rare earth processing. And strategic minerals, refining.

Right here, we have to do it. Even if it costs us more for a while. These are the jobs, that must be brought to America. We must create them. Finding the mining, the refining of our own rare earth minerals.

Because you can't build a single solar panel. You can't build an electric motor. A wind turbine.

A guiding system. Without these materials. Because you can't build the chips.

And right now, China controls about 90 percent of all of the global refining.

We did the work here. And then we send it to them?

That's not just bad policy. That's national suicide.

What are you doing?

We need to mine smarter. Refine cleaner.

And stockpile strategically. We need to build next generation alloys and materials. Because very soon, AI will start discovering new substances, that we never would have thought of.

It will look at the periodic table, and it will say, why are you using steel? You want to build a steel plant? Why?

Take this, this, divide it in this way, and it will make something twice as light and three times as strong. Stronger than carbon fiber. Heat resistant, self-healing. All of that stuff is coming!

These are going to change the way we build planes. Buildings. Armor. Spacecraft. Maybe even the way we heal the body.

Profound change is here before 2030.

We should not be watching any of this from the sidelines. The United States of America, needs to lead it. If we are going to be -- have another great renaissance. And have, you know, what Donald Trump says, this new golden age, we have to be leading this stuff. We have to be building bio manufacturing. Domestic pharmaceutical productions.

You know, the next war, may not be fought with bullets. It might just be fought with a virus. Antibiotics. Hormones.

Vaccines. 90 percent of our active pharmaceutical ingredients still come from China and India.

That's madness. That's a choke hold.

We need redundancy. We need it here.

We need it now. We need to build vertical farms. Regenerative agriculture. AI-powered food networks.

I -- you can't eat patriotism. I want the farms to survive. I want American domestic products here. But we have to see, what's over the horizon.

And start building those jobs. It would be like, if I'm saying, you know what, farmers. We will bring back the jobs of the farm of the old days.

And I send you a horse, and a plow, to strap -- you wouldn't want that.

We must think differently.

You know, in a crisis, if all of our ports are down, our shelves are empty, in days!

We need cities to grow their own food. Farms, that rebuild the soil. Systems that ensure that every American can eat, and a quick reminder here, you know, with -- with very few exceptions here.

When I say we need to build, I don't mean the government.

With very few exceptions, like defense, the private market does all of this.

What the government can do is reduce our taxes. Reduce the taxes on builders and entrepreneurs, reduce the regulations.

Help us help you!

I don't care what's happening on the other side of the globe. I don't. We need to build freight infrastructure. We need to build corridors that let us move our supplies.m And our goods across the country, without ever having to touch a foreign port. And we don't need better roads. My gosh. How many times do we have to -- we need more resilient roads. Do you know some of the concrete?

Some of the things that are being produced now in other countries, that we are so far behind on?

Yes. Maybe we build a steel mill from time to time, but not the ones we remember. We built automated, modular, ultra clean micro mills, that forge the next generation of steel in smaller batches, closer to where it's needed. Because the future is not about bulk. It's about agility. It's about speed. It's about precision.

That is the new Industrial Revolution.

The question isn't, will America bring jobs back? The question is, will America build what the future depends on?

If we get stuck in this, trying to resurrect the past, we will be outpaced by nations that are inventing right now, they're inventing what's next?

Tariffs are just a tool, a lever. But they are not vision.

We need to think like builders again, like pioneers. Like people who understand, that the goal is not just to have a job. The goal is to have a capacity to survive. To compete. And to lead.

Let's build what matters!

Not nostalgia.

Not for headlines. But because the future can't wait!

And if we're not leading that. If we're not shaping the future. Believe me, someone else will.

I want us to do it.

The Truth Behind Biden's Cognitive Decline Unveiled

A new book by Amie Parnes and Jonathan A. P. Allen, called “Fight: Inside the Wildest Battle for the White House,” details the real mental state of President Biden during his time in office and how much was kept secret from the American people. Glenn and Stu review some of the biggest revelations, like how the Harris team had prepared a list of judges who could swear in Kamala Harris if Biden’s heart stopped, how they marked his paths with fluorescent tape, or how Biden once completely forgot who Rep. Eric Swalwell was. Glenn also asks: who sanctioned all of this? How many people knew about this when it was happening? And why did NO ONE tell us the truth?

Transcript

Below is a rush transcript that may contain errors

GLENN: I don't know if you saw the news yesterday. This was a little frustrating, predictable, but frustrating. By 2023, Joe Biden's allies were quietly preparing for the unthinkable, we find out yesterday.

His death in office! By 2023.

STU: I mean, I'm glad he made it. However, it wasn't unthinkable.

GLENN: No. I know. I know. I know.

STU: I just have to say, not unthinkable.

GLENN: Well, because they kept saying, he was in perfect health.

And not healthier than anyone else.

There's a new book out called Fight: Inside the Wildest Battle for the White House by Amie Parnes and Jonathan Allen.

Hey, thanks for the update now, guys. We had no idea. I mean, you did if you paid attention.
And you realized, you weren't being told the truth.

And you just watched. But what we were never shown, were the -- you know, the -- the fluorescent tape marking his path at public events to keep him from wondering off.

Did you know that?

The death pool roster that the White House had, that Kamala Harris' team drew up, listing the federal judges who might swear her in, if his heart stops.

Did you know this was happening?

Did you know -- I mean, his health and his -- his brain activity was so bad, that they had a resident makeup artist on hand, all the time.

Not just to make him up, to enhance his appearance. In case he goes on television.

But to mask the shell, that he had become.

Stephen Miller said, they were literally Michael Jacksoning him. A reference to the late pop star's own cosmetic coverups, while dismissing skeptics as conspiracy theorists.

In some days, Biden would endure the makeup ritual, only then to cancel all of his briefings, entirely, and call it a day!

STU: What?

GLENN: Uh-huh. So I want to know, who sanctioned all of this?

STU: Yes!

GLENN: Because the AIDS knew it. All the leadership in the White House knew it.

The people that applied to makeup knew it. The schedulers who cleared his calendar, knew it.

I mean, why wouldn't they say?

Were they protecting the president.

Because you're supposed to protect the presidency.

The president and the presidency.

And the presidency is even more important. That's why, if Barack Obama, and we talked about this years ago, Barack Obama would have invited me to the White House. I would have absolutely gone, like Bill Maher did. I would have been polite. I would have shaken his hand. I would respect him. Because I respect the office.

I don't have to like the man. I respect the office. Because the office is more important than any man!

Then came the moments, we're finding out in this new book, of the cognitive unraveling. It was there in plain sight.

But if you said anything about it, remember, you were a conspiracy theorist. So Swalwell. Eric Swalwell, the Congressman. He comes to the White House. And he is supposed to meet with the president. They meet. And Biden doesn't even know who he is.

Has no idea who Congressman Swalwell is. Swalwell had to say, remember me?

I'm a Congressman. I worked on this with you and this. And he was like, oh, yeah. Yeah. That's right. That's right. I remember.

Holy cow.

STU: How do we make it through that? Only God could have got us through that, I swear.

GLENN: How did we not know?

Why were no cameras allowed to capture it? Why didn't anyone say anything? Why were there no leaks on this?

You are committing an act of treason, I believe, to the country.

If you swore an oath to the country. To the Constitution. Why are you not warning on this?

Who is making the decisions?

Why did no one sound the alarm?

Shouldn't Swalwell do it himself?

Of course. Of course.

Then everything comes crashing down in 2024.

Biden steps down as the democratic nominee. It was forced on him by Barack Obama and Nancy Pelosi.

And then what we didn't see, was the backstage, back stabbing that was going on.

Harris, remember. When this happened, Biden came out and said, I'm stepping down.

No endorsement. Then like 30 minutes later, this endorsement for -- for Kamala comes out.

Right?

Well, now we know what happened. Kamala calls and says, hey. You've got to endorse me.

Or they will go for an open.

Barack Obama and Nancy Pelosi. They want an open primary.

You've got to endorse me!

And so he does. He endorses.

Just to screw Nancy Pelosi and Barack Obama!

Nobody is talking about the screwing of the system. He's painted as a hero for doing something brave, when he intentionally viewed the system, because he wanted to screw Nancy Pelosi and Barack Obama.

Okay. Nobody says anything about it. Just the noble farewell to him. He's just great. Nobody heard about the power plays. Nobody heard about the back stabbing.

Nobody heard about the subversion of the Constitution. Here.

Okay. Great. And, again, nobody says anything. Nobody says anything.

Huh. Why?

Why weren't we allowed to see? And how deep did this actually run?

Who was responsible? Who was giving the orders?

Who was telling everybody to shut up, as they Michael Jackson him?

Why did no one say, I've got a real problem. We have to put little fluorescent stickies on the floor, so he knows where to walk.

Isn't that a problem?

Well, there was nobody that said, by the way. We're just -- we're just trying to line up the right justice to swear her in.

Because we want that photo op. We want that to look really good. We want the correct justice.

Holy cow.

What else don't we know?

What about the -- the memos?

Any memos buried?

How about the doctors. Remember when the doctors were going, no. He's fine. He's fine.

You know what, I had a problem. I had some toenail fungus. I asked him to look at my feet. He is so fine.

That he is almost a doctor, right now.

He is so sharp. What happened, in those?

Remember those meetings. And the doctors came out. Wait a minute. Aren't you a guy that specializes in dementia?

No! Why weren't we told this?

These are the questions that you must ask, because no one else will.

Who else knew? Cabinet members. Obviously, the first lady. And I'm going to stop calling them the press Corp. Because they really are.

They're dead to me. They are the Press Corps. They really are.

Let's pronounce that, as it's sounds -- as it's spelled. Pronounce it incorrectly. Because they're the Press Corpse. They're just -- they're as useful as dead people.

Why -- why were they so eager to debunk anybody as cheap fakes?

Why wouldn't they dig into any of these?

Why weren't we trusted with the truth?

What medical reports were suppressed?

Who gave the orders to keep this going?

And what's going to happen to the media?

All those that knew. Here's what's going to happen. Nothing. Believe me. Nothing.

They all knew. At best, they all just convinced themselves that it wasn't try. They allowed their own mob to convince them, that nobody really knows what the truth is. And it's better for America to hide it. That's what they've convinced themselves of. But that's not their decision. It's not their job. It's our decision. Their job is to tell America the truth of what's really going on, and let us decide. Because this is all of our country. This is not just the Democrats, or the Republicans. And it's certainly not the elites in Washington. It's we, the people. Not we, the press. Not we, the educated. Not we, the elite. But we, the people. All of us.

We're paying a price for all of this. Will they pay a price?

Will anyone who still watches them, stand up and say, wait a minute? Wait a minute. Wait a minute.

I just read the New York Times. And you're now covering all of the things that you told us, were conspiracy theories on Ukraine.

In fact, it's worse than what the conspiracy theorists were saying, about what we were doing in Ukraine.

You told us, that we weren't funding Colour Revolutions, with USAID. But now it comes out. Yes. We were. The Great Reset. Conspiracy theory? No. It's real.

COVID. No. Didn't tell us the truth.

Masks. Vaccines. Russia gate. On and on and on.

All of the lies.

Will they pay with the price -- the price they should pay.

Embarrassment and shame, for what they've done, just for power.

No!

They won't pay.

And you know why? Because the tale that we are reading or expected to read, in this new book out. The tell-all book, that nobody knew, except everybody knew. The real story there of Biden's decline is a mirror.

And it's not reflecting one man's fall. But it reflects our -- our willingness to look away, until it's too late.

That has to change.

And until it does, that goes right back to the opening monologue in today's broadcast.

Donald Trump is at least telling us, we have to do these things, if we want to be competitive.

That's the closest we've gotten to a doctor, that actually, one, that will tell you the truth.

The country has cancer. And we have to cut it out.

Here's the chemotherapy. It's these trade barriers.

You may not like them.

But you hired me, to cure the patient. And I think chemotherapy, is the only way.

And it will hurt a lot. When was the last time you heard a president tell you the truth on anything?

When was the last time you heard the press tell you the truth?

And here's the truth: Everything we're facing right now, is a little scary.

And you know why?

Because we haven't faced it, when it wasn't scary.

When it was just a choice.

We made all of the easy choices. You know this with your kids.

Just put a little extra work into it.

Your choice. All these doors will open up.

But the more you don't do, the more you avoid, the more doors that close for you. And at the end, you won't like the doors that are left. Because they will be so few. And you will be like, okay. I guess I will be that guy for the rest of my life.

Well, that's what we're doing as a nation. The same thing that we bitch about with our kids. Just do the right thing, and all of these options are in front of you.

But every day, you choose not to do the right thing. Those doors close. More and more, every single day.

Let's open those doors back up. But that requires all of us, and I don't know if you're going to get those people. I talk about it if I have time today.

I don't know if you will get those people who have been sucked into this system.

I mean, here's another example. They're just showing you, they lied to you. They lied to you.

Over and over again.

Are you ever going to be able to convince those people that are still watching the people that lied to them?

You ever going to get them to wake up?

I don't know.

I honestly think, that the left is creating a new Palestinian state.

They are creating, the same thing, that honestly, they created, over the last 70 years.

This bogus story, about Palestinians. This is their land. And the Jews had nothing to do with it. And whipping these people up into a frenzy.

To where they have no other options, other than, kill the other side.

They won't listen to reason, anymore.

They can't even see it! Because they have been trained almost since birth, to hate the other side!

And if you think that's hyperbole, just look at who is supporting the Palestinians and all of the lies.

Look who is saying, on October 8th,, well, that's okay.

The Israelis deserved it.

What?

The same people who are the other of these lies, about our country.

Let's pray, for our neighbors and our friends. And our family.

That haven't woken up yet.

Will Trump’s “Liberation Day” Tariffs Restore American Manufacturing?

President Trump has declared April 2, 2025, “Liberation Day.” But will his reciprocal tariff plan work and bring manufacturing jobs and prosperity back to America? Glenn speaks with economist Stephen Moore on what Americans can expect once the tariffs hit. Yes, there will be pain, Moore says. But “Trump is the single best negotiator I have ever met in my life and I think, in the end, he will prevail.” Moore also urges the White House to emphasize its regulation and tax cuts along with the tariffs. Plus, he predicts what America could look like a year from now and what Americans should prepare for.

Transcript

Below is a rush transcript that may contain errors

GLENN: Stephen Moore. My good friend, how are you, sir?

Stephen, are you there?

STEPHEN: Good morning.

GLENN: How are you, man?

STEPHEN: Hi, Glenn. Great to be with you.

GLENN: Thank you very much. Today is Liberation Day. How are you feeling?

STEPHEN: Well, you know, I -- I think it's a Liberation Day. But I'm feeling a little maybe trepidation day as well.

We will see what's out there. I don't know exactly what the details are. I don't think anybody does.

Except Donald Trump at this moment.

Look, I'm a free trade guy. I understands the benefits. Benefits both countries.

But I would say, on the other hand. Because this is really a debate. Where I can go at either side of it.

Trump has an important point.

A lot of people don't understand. You have a wise listenership.

But A lot of Americans don't understand, that we're the lowest terror country in the world right now, among all the major trade partners. And what Trump is simply saying is it's not a level playing field. It's not fair. These other countries are not playing by the rules.

And they need to trade with the United States. So they better get their act together, they better start treating us fairly, or he will hit them with these tariffs. I've been listening to you, for the last 15, 20 minutes. There will be some costs to Americans.

In buying cars. And we might see a little rise in prices of things. Trump describes this as, you know, short-term pain for long-term gain. And I think it's for every American to kind of figure out where they stand on this right now.

I'm a little bit worried about it. I will say this, Trump is the single best negotiator I've ever met in my life. And I think in the end, he will prevail.

GLENN: So is he going just for a strange level field?

You can't say it's a -- it's a free market. Because there are tariffs involved. But if our tariffs are only reflecting everybody else's. Then it is a free market, if you will.

Just trying to bring everything level up to the -- you know, the place where everybody else is. Is that the goal here, which would lead me to believe, there might be some short-term effects, because we can turn the negotiating power on. Pretty quickly.

Or is he trying to bring manufacturing back, which is -- I mean, I think he's calling it Liberation Day. Because it harkens back to World War II. And he's liberating us from almost everything that we set up, right after World War II.

He's saying, effectively, with almost -- in almost every category. All of that stuff is broken. And we can't do that anymore.

So is he saying, we're not going to be part of this global thing anymore. We will bring manufacturing back here. And that will be tough. But it's the only way to really, truly grow our economy.

By building things here. Which is it, or is it both? Stephen.

STEPHEN: These are complicated questions. You know, and I can't get into Donald Trump's mind. Look, let's start with why he won this election. He won the election by winning blue-collar, middle class voters into the Republican Party, many of whom have voted Democratic, but realized that Trump was the one who really stood behind them.

I believe, gren, to answer your question about how do we make America number one in manufacturing and, you know, obviously technology. And other industries that are so important.

I believe many of the other things that Trump is doing.

For example, lead article in the Wall Street Journal this week, didn't get a lot of attention.

Front page. That Trump is deregulating our economy. It will reduce costs for American companies, by as much as a trillion dollars. So that will make us very competitive.

GLENN: Hang on just a second.

I was just talking about, I'm not seeing enough about cutting the regulation, and also cutting of tax cuts.

STEPHEN: Right. That's right!

GLENN: Because if you don't have those to go along with the tariffs, this isn't going to work. This is just not going to work.

STEPHEN: Exactly. Yeah. Great minds think alike. And that's exactly what I was going to say.

And it was almost like we were saying the same thing.

As you know, you look at the tax plan. As you know, Larry Kudlow and I -- the very first version of that tax plan. Eight or nine years ago.
And it was a huge success. Huge success.

Glenn, one of my frustrations right now, with the Trump administration, with the president. I love this guy. I mean, I would -- I would go through a burning building for him.

And he would do those things for the country. Have you heard him talk a lot about the tax cut in the last month? No. And have you ever heard him talk about deregulation last month? No.

GLENN: No. No.

STEPHEN: No. It's all been about tariffs. And, you know, that's the medicine, but people want to see the good stuff. There are issues that unify the Republican Party, like lowering tax rates, deregulating the economy, pro-America energy policy. Those kinds of things.

Frankly, the tariff issue is the kind of issue that divides us. Some of my best friends are in favor of it. I'm kind of on the fence on it. Others are strongly against it. So I want to see Trump talking a little bit more about all of the benefits of these other things that he's doing.

In fact, I've waited 40 years, Glenn, for a president to say, we're going to dismantle the US Department of Education because it's totally useless. It probably does more damage to our schools. Well, he did it.

I was there when he signed that executive order. That was amazing. He's doing incredible things for our country.

But a lot of it gets overshadowed, because all he's talking about right now is tariffs.

GLENN: Well, he's got to bring a lot of people to the table. So what do you think is going to happen?

He obviously picked 4 o'clock, because the stock market is closed, right?

STEPHEN: I guess so. He may very well be right. I think it's going to be -- nobody knows exactly what he's going to say.

But I think he is going to call for a ten to 20 percent across-the-board tariffs, on just about anything that comes into the US. Now, that will raise prices. I mean, if you put a tax on things that come in, to some extent, you know, consumers will pay the cost of that.

And then, I think he's going to go after certain countries, that are the worst abusers like China.

And, by the way, I'm all in favor of going after China. I think China is a menace. You were one of the first people that started talking about this, 25 years ago. So China is the enemy. One thing I don't get.

And I say this with all due respect, because I do love this president. I don't understand why we've got so much discussion about Canada.

Canada is one of our most important allies. And why aren't we talking about China, and some of these other countries, that are -- you know, dangerous to our economy and national security.

GLENN: I know. Yeah. I've been questioning that.

And so let me ask you, best case scenario. What happens?

What do we look like in a year from now?

STEPHEN: Other countries dramatically bring down their tariffs. Not just tariffs, by the way, Glenn.

Trump made an important point here.

Also, nontariff barriers. The fact that many of these countries have various rules that close the markets to American products. And I'm not just talking about manufacturing products. You know, we're the breadbasket of the world. We have the greatest, most productive farmers in the world. We produce more of our food and agricultural products than any other country.

And yet, many countries lock out our wheat and our corn and our barley and our meat. Our dairy products.

So I think, if this works out. And I would never bet against this president. I think you will see other countries having to open up their markets to American manufacturers and American farmers and American technology. Because, by the way, our technology company is completely discriminated against by these Europeans and these other countries.

So there's a lot to be angry about.

GLENN: Brussels said, I think yesterday, or early this morning. We've got war plans. You know, economic war plans. You go ahead, you launch these.

We're relaunching our own attack. You know, tomorrow.

Bluster or real?

STEPHEN: I'm sorry, who said that?

GLENN: Brussels. Yeah, the EU.

STEPHEN: Oh, the EU. Yeah. Right. Okay. Well, let me address that.

Because, first of all, I'm so sick and tired of these sanctimonious.

GLENN: We don't hang out enough, Stephen. I just love you. Go ahead.

STEPHEN: You know, oh, my gosh. How tear Donald Trump do this. He's starting a trade war.

I know what Donald Trump would say, if he was on your show right now. He would say, what are you talking about?

I'm -- one-third as high as theirs now. They have a lot of nerve to say Trump is causing a trade war!

I mean, you know, it's like -- if I came up to you, Glenn, and punched you in the nose.

And then you tried to fight back. How dare you start a fight with me! I mean, so Trump has the moral high ground here because we do open up our markets.

And the other countries. By the way, there was a very famous incident that happened, I wasn't there.

But my buddy Larry Kudlow was there.

At one of the G20 meetings, I think it was in Ottawa.

And the Europeans were sitting there and complaining and grousing about Trump talking about tariffs. I don't know if you're aware of this.

But Trump, it's on the record. People were there. Trump said, okay! You know what, why don't we all go to zero on tariffs?

They ran to the doors as quickly as they could.

GLENN: I know. I know. I know.

So now, tell me what you think is -- is -- say likely nor a, if things don't go exactly the way. You know, bring this up. Because Paul Krugman. The New York Times.

He said, with Biden. Don't dismiss the careful work of our statistical agencies because you're feeling angry on the check out line.

I don't want to say that about tariffs.

I mean, it's going to make things harder to buy what you need.

And we shouldn't downplay that.

The president is not even downplaying that.

He says, it's going to be a little painful for a while, right?

But people are on the edge financially. And, you know, no amount of political theory helps people pay for the groceries, or makes it feel better when you're paying for the groceries, so I don't want to be in that camp.

What should people mentally respect for, that is a likely scenario, even if it turns out, that it was the right thing? What's coming our way?

STEPHEN: So I think that Trump has -- has -- has made a mistake here, in the sense that, we should have done this tax bill, first!

GLENN: Yeah. I agree.

STEPHEN: That would have been a huge victory. I hope your listeners understand, if we don't get this thing done. We're talking about a 3,000-dollar per family tax increase. On January 1st. And, by the way, every single Democrat in Congress voted for that.

$3,000 per family tax increase. So we should -- I -- I hope as he's talking about these tariffs. He links that to the fact that he's talking about, you know -- a major growth enhancing tax reduction.

You know, I like his idea, for example, Glenn. Where he said, look, if you will bring something into the country.

You will pay a 15 percent tariff on.

But if it's made in America. You will only pay a 15 percent tax.

I love that. Let's do that.

Let's implement that now. What you're doing is giving a little bit of favoritism to some, in Ohio and Maine and Vermont.

GLENN: My guess is, he would have done that, if he could count on the Republicans.

STEPHEN: He can't! I know.

GLENN: I know. There are two groups of people that worry me.

Congress. And, quite honestly, the Justice Department. I don't know where Pam Bondi is, but that's a different story. But Congress needs to do their job.

STEPHEN: And, you know, I think you're right. What are we?

Day 89. I can't keep track.

But it's amazing what Trump has done already. I mean, Trump should have that tax bill -- he has the voter mandate.

Why have the Fed been sitting on this for five weeks?

GLENN: I can't tell you. I can't tell you. So tell me about the -- tell me about the -- tell me about the regulations that you're seeing.

Is the regulation -- because tariffs, tax cuts, regulations.

Tell me about the regulations that you're seeing.

Is it significant? The regulation slicing!

STEPHEN: Enormously so. So remember, you remember. What was the first thing that Joe Biden did when he became president?

GLENN: Energy.

STEPHEN: Yeah. He killed all our energy infrastructure project.

That's something our enemies would have done to us.

Biden did it to us. He shut down the pipelines.

He put incredibly onerous climate change taxes on our goal and gas and coal industry.

Remember Hillary saying, well, that's okay.

The coal miners can become computer programmers or something.

GLENN: That's working.

STEPHEN: Exactly. So Trump is opening up our energy. We have more oil, gas, and minerals, by the way.

You know, this new Secretary of Interior, Governor Doug.

GLENN: Burgum. Burgum.

STEPHEN: Burgum. He's doing an amazing job. You know, we have $10 trillion of mineable, critical minerals in this country. In the mountains of Utah and Dakotas. We can do that.

You know, he's --

GLENN: So, but what I want to ask you.

STEPHEN: He can allow more mergers and acquisitions. So our companies can be more effective. It's all over the board.

It's on transportation policy. And that will cut costs dramatically for American consumers and that's a really positive thing. In fact, when I give talks to small businesses, you give a lot more talks than I do.

I always ask the men and women, I say, which is worse for you? The tax burden or the regulation burden? And you know what they said, the regulations.

GLENN: The regulations, every time.

Why Tesla Vandals May Be the DUMBEST "Activists"

Teslas are being vandalized all over the country by leftist “activists” who, Glenn points out, aren’t that smart. Not only do they fail to realize that they’re committing the “hate crimes” they claim to despise, but they’re vandalizing cars that have cameras all over them! Glenn and Stu review the tape of one vandal who completely changed his tune when the car’s owner confronted him. Then, Stu crunches the numbers: Are leftists who burn Cybertrucks doing more damage to the environment than people who drive gas-powered vehicles?

Transcript

Below is a rush transcript that may contain errors

GLENN: I want to play a couple of things. First of all, I want to -- Stu, if untilled. We will describe this video here.

STU: Okay.

GLENN: This is a vandal, working some arc on a Tesla. Go ahead. Play this.

There he is. Describing. He's getting out of the car.

STU: He's hiding. Which is always --

GLENN: He's hiding. Now -- he --

STU: Again, these people don't realize that Tesla have cameras. Every angle.

GLENN: Just so stupid.

Okay. So he's hiding in that. Now, he was caught on camera. And so the person that -- who had the Tesla. It was -- his car was keyed. He confronted him in the parking lot. This is satisfying.

Listen to this.

VOICE: Tree service. Free service. (?) how about you pay for the repairs.

Write a check. You bought a Tesla. (?)

VOICE: No. It is a hate crime, sir. Did you write a swastika on there?

VOICE: I'm sorry you're upset. It didn't even work.

VOICE: Did you write a swastika?

VOICE: It's a key, sir. We see it on the video.

VOICE: It's not a keep I was putting my keys in the --

VOICE: Is there a key (?)

VOICE: Yes. Is it a swastika. It's at the police right now. It's being fingerprinted.

VOICE: What do you mean, (?) thankfully, Facebook tracked you down. So your business, your freaking livelihood, everything now. Because you chose to write -- tell Facebook that you're sorry for writing a swastika eye Tesla. (?)

VOICE: I said, I'm sorry.

VOICE: For what? For what?

VOICE: I apologize. I have nothing against the car. And I have nothing against I.

VOICE: So why did you put a swastika against a Tesla?

VOICE: Obviously that's.

VOICE: Because (?) it was bought and paid for. It was bought and paid for a long time ago.

VOICE: That's why it's misguided. And obviously I did not intend to.

GLENN: Total change. What do you mean it's at the police? They're finger printing it? (?), boy, was that, oh. Wow. I feel completely different.

STU: Yeah. His explanation at the end there, say good one.

For like a mean tweet.

Right?

Like, you know, you're right.

I shouldn't. I got carried away.

And I'm upset.

I shouldn't have done that.

You're keying a car. I mean, he says he wasn't keying it.

A lot of people have crayons on their (?)

GLENN: Come out of car. Holding it like a key.

STU: Yeah.