RADIOSeptember 16, 2024

Why a Kamala Harris presidency would be DEVASTATING for small businesses

Would a Kamala Harris presidency destroy small businesses? Small business expert Carol Roth joins Glenn to make the case: "They want to kill the gig economy and all the small businesses that depend on independent contractors in favor of unions and big business. So, it's very difficult to say, 'I am the small business, I am the worker candidate,' and still be in favor of these things." Carol compares this to "McDonald's being pro-cow." She also explains why Harris' claim that 19 million new business applications have been filed since she and Joe Biden took office is incredibly misleading.

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. But, Carol, she does have some things she can boast about.

The small business success. She claims a record of 19 million small business applications were received, under their leadership.

And that's a record, I hear. That's what they say.

CAORL: Okay. So this is -- I think most people know, who listen to me on your program. That I'm one of the world's leading experts on small business.

I've been entrenched for decades. I heard this -- this thing. This small business application.

And I went around, to every group that I know. And I said, what is a small business application?

Because when I started my business, I didn't have to apply, at the federal level.

You know, historically, I had an LLC. I registered that with the state. Some people had sole pro proprietorship. What does this mean?

Because we have 33 million plus businesses. But that only grows on net. Less than a million a year. So how is it possible that we have 19 million new application starts. And so far, no one has really been able to give me an answer. I have one -- one committee, you know, related to the House, who thinks that maybe there's an information that came from the state census data. I asked them. They actually are having a committee hearing. And I asked them, if they could ask, the FDA administrator. And putting her on the hot seat. Because they're running around, touting these made-up statistics to sound like they're some champion of small business. At the same time, Glenn, NFIB came out with their fall business optimism index today.

The 30-second consecutive months, that small business optimism has been below the historical average. And that's a 50-year average.

GLENN: Well, that's because they fear Donald Trump is coming back.

CAORL: For 32 months, yes.

GLENN: It's crazy. Because I see this number, of 19 million small businesses. And I -- and I am like, I thought, that was just because of all the businesses, that they had put out of business. They're like, starting up new businesses. So I just thought, they were taking credit. Like they do with all the job creation.

We've created more jobs. No, you didn't. People went back to work. You had told them, you cannot work.

So, of course, there were people going back to work.

But you're saying, this isn't that, at all. This is possibly even made up.

CAORL: Yeah. It's -- it's something that nobody knows really what it means. It certainly is not a prop -- it's not a prop for new small businesses created, which is what they're intimating. And we know the number of small businesses, you know, a year ago, was 32-point-something million, and then it climbed to 33-point-something million.

You know, yes, that's on that. Unless they're killing a million small businesses a year, which we know, they're certainly trying. But I don't think they've succeeded in doing it yet. That this is an absolute -- it's just, you know, spouting off nonsense.

And they're doing this, you know, again and again to gaslight people. Into things are so great. We're so in your corner. But at the same time, she's coming out, and she's tweeting about anti-small business policies.

Like, the Pro Act, that she said she's going to put in place. Which, for people who don't know, that's the anti-gig worker and anti-independent contractor language from California's 85 (phonetic) taken nationally. And they want to kill the gig economy and all the small businesses that depend on independent contractors, in favor of unions and big business.

So it's very difficult, to say, I am the small business. I am the worker candidate.

And still be in favor of these things. Which is why I equate it to being like McDonald's being pro-Catholic.

GLENN: You know, it is -- as a small business owner myself.

I look at tomorrow. And think, if they get in, the regulations, just the regulations, alone, that are still sitting out there, that they want to impose.

Will just crush small businesses.

These guys, you know, they used to say, well, the -- the Republicans are in with big business.

Well, then we're also in with small business too.

You know, they had a business attitude.

These guys are only big business.

They are only in with the giant global corporations.

That's all they care about. And it's honestly, like they're trying to impoverish, the small business.

And impoverish the middle class.

Without moving any of the middle class up. They're moving them all down.

CAORL: Yeah. I'm glad that you brought up regulations.

Because as I mentioned, there's this House Committee meeting right now.

And they came out with a report earlier this year, that the Biden-Harris agenda. Imposed $1.7 trillion in regulations on small businesses.

Ask that was before we've had some of these pending regulations, go into place. So I am certain, that that's higher.

And that is millions upon millions of hours that are wasted. That is dollars that are wasted.

And that's a barrier to success. You know, we keep hearing this ridiculous phrase, the opportunity economy.

Well, if you want to create opportunity, you reduce war about barriers. You reduce regulations.

You reduce taxes. You reduce the government being up in your business.

And you have the government minding their own business.

So that you can go off and work in your business.

That is what it is all about.

GLENN: You know, I know that our audience is heavy on entrepreneurs.

And people who have done business for a long time.

But there's also a younger generation that listens.

And explain, why regulations hurt opportunity.

CAORL: They hurt opportunity. Because number one, they're costly. Two, you're spending time, complying with the regulation, instead of spending the time working and growing your business.

And the challenge is that if you are a big company. If you're the Amazons of the world. If you're the Walmarts of the world. You have -- not only a whole balance sheet to deal with this.

You have a whole host of people in your company. Whether it's HR. Or whether it's some other administrative functions that can deal with these regulations.

When it comes to small business, the majority, greater majority of small businesses. It's just beyond -- so it's one person, who is already wearing all of those hats trying to deal with this. Even if you have some employees, you don't have the wherewithal, the ability. You're struggling enough to deal with inflation, finding the right workers, you know, remaining competitive, dealing with cyber security and the like. You don't have time, and you don't have the bandwidth. And you don't have capital, to deal with these regulations.

And some of them are so onerous, that people want to close their business. Something that we've been talking about, Glenn, for months now.

That the corporate transparency act, which is this registration, with the financial crimes division of the Treasury. I've had hundreds upon hundreds of small business owners, and people looking to start small businesses, saying that they don't want to. They want to close their business. They don't want to start.

Because they don't want to deal with the asymmetrical risk of having their information exposed or the government coming after them, for doing something wrong.

So because the government is imposing this regulation, which, by the way, is still in flux.

It's preventing these entrepreneurs from taking those risks. And creating opportunity. Which creates jobs. Which creates more dollars in their community. Which grows the economy.

Which is what we need, to move ourself forward. This is so obvious.

But all they want to do is take away wealth. Create barriers. Redistribute it. And make it revery challenging. For a small business owner, to succeed.

GLENN: You -- I think it was you, Carol.

Said, oh, maybe six months ago, we were talking. And you said, Glenn, most of the stuff that they've done, doesn't really kick in until 2025.

So we haven't felt the full impact, of Bidenomics yet. Was that you that said that to me.

CAORL: Quite probably. Quite probably.

GLENN: Okay. So what is it that is coming still, that we haven't felt. Describe next year. Just as it stands, without any new policies. If we just continued where we are?

CAORL: Well, as I said, the House small business committee, is doing a markup on seven different pieces of legislation, trying to overturn, you know, all of these stringent rules for small business. The corporate transparency act. We have until the end of the year, for that to go into effect. If there's no delay. Which, by the way, there's two delay bills. Two repeal bills.

And seven lawsuits. If we don't get that done by the end of the year. Then people are going to be seen as compliant. Then on top of that. You know, we have the tax cuts and jobs act, you know, large pieces of that, is expiring and changing the way the small businesses have to look at their taxes and figure out, you know, what makes them -- from an administrative standpoint. So, you know -- and that's, again, scratching the surface.

So, you know, one after another, there are things in the pipeline. And then if Kamala Harris were to become president.

Again, day one. They will try to rule by executive order. One of the other things, you know, this Department of Labor rule. Very tight. Independent contractor world.

That went into effect in March. They haven't truly been enforcing it yet. I haven't seen much in the way of enforcement. But if they start to crack down on that, that is something that could kill all of the small business across -- across-the-board.

So there are just so many different things, and it's challenging enough to own your own business.

As you know, the small business owner. To not constantly having to be worried about what the next shoe that is going to drop, coming from your own government.

GLENN: Carol, one last question. I would like to take a one-minute break. And then I would like you to come back and talk about. They're talking about a 50-basis point drop in the interest rate in loans.

Some people say, that's really good.

Some people say, that could collapse everything. Can you -- can you explain if that's a good thing or a bad thing, at this point?

Carol Roth is with us. So tell me about the options the fed have, has now.

What's happened with employment. Why they might be dropping the interest rate.

And is it a good thing or a bad thing?

CAORL: Well, so I have always contented that the fed, didn't have the right tools, to address inflation.

And inflation was coming from the pie constraints, not demand. That the Fed really focus on his demand. And after 15 years of zero interest rate policy. That it wasn't them, that changed much of what was going on.

In terms of demand for new loans. Et cetera.

But they have taken up the interest rate very high.

And a lot of people in the market.

A lot of investors, feel like they are behind the curve, in terms of normalizing policy.

Because they don't want to keep it so restrictive, that they cause a recession.

That's the concern all along.

So now that inflation has come down on a headline number. We know cumulatively, it's up over 20 percent. And that's what Americans are contending with. But from a policy standpoint, they see that inflation is coming down. And they see that the labor market, hmm, isn't quite as robust as they had hoped. So they are trying to address policy, to, you know, quash any recessionary outcomes. That's really what they're trying to do.

They have a couple choices. Right? They can do nothing as they have done for quite a while. They can deliver a cut and now they're deciding between --

GLENN: We have about a minute.

CAORL: -- a half a percent. And a quarter percent.

A half of percent may be bad news for them.

Because it may give the market a signal, that things are worse off, than they are.

So I think they will be a little bit more cautious. And go for that 25-basis point or whatever percent cut.

GLENN: All right. So you don't think that it will -- unless it's 50 basis points, I don't think that it will be a bad thing. Other than signaling that things might be worse than they thought.

CAORL: Right. And it's a much bigger signal at 50, than it is at 25, given where we stand with all the data. But I know you have limited time. We can get into this in another day.

GLENN: Yeah. And I'm not sure that anybody will want to open up the purse strings at this point.

I think everybody is waiting to see, what will happen, you know, with the -- with presidential election. I mean, because we're going one way or the other. And they're in opposite directions.

So it's kind of a scary place to be, as an investor, or a small businessperson. Or just, you know, a regular worker, in America today.

Carol, thank you so much. Carol Roth.

Could passengers have SAVED Iryna Zarutska?

Surveillance footage of the murder of Ukrainian refugee Iryna Zarutska in Charlotte, NC, reveals that the other passengers on the train took a long time to help her. Glenn, Stu, and Jason debate whether they were right or wrong to do so.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm -- I'm torn on how I feel about the people on the train.

Because my first instinct is, they did nothing! They did nothing! Then my -- well, sit down and, you know -- you know, you're going to be judged. So be careful on judging others.

What would I have done? What would I want my wife to do in that situation?

STU: Yeah. Are those two different questions, by the way.

GLENN: Yeah, they are.

STU: I think they go far apart from each other. What would I want myself to do. I mean, it's tough to put yourself in a situation. It's very easy to watch a video on the internet and talk about your heroism. Everybody can do that very easily on Twitter. And everybody is.

You know, when you're in a vehicle that doesn't have an exit with a guy who just murdered somebody in front of you, and has a dripping blood off of a knife that's standing 10 feet away from you, 15 feet away from you.

There's probably a different standard there, that we should all kind of consider. And maybe give a little grace to what I saw at least was a woman, sitting across the -- the -- the aisle.

I think there is a difference there. But when you talk about that question. Those two questions are definitive.

You know, I know what I would want myself to do. I would hope I would act in a way that didn't completely embarrass myself afterward.

But I also think, when I'm thinking of my wife. My advice to my wife would not be to jump into the middle of that situation at all costs. She might do that anyway. She actually is a heck of a lot stronger than I am.

But she might do it anyway.

GLENN: How pathetic, but how true.

STU: Yes. But that would not be my advice to her.

GLENN: Uh-huh.

STU: Now, maybe once the guy has certainly -- is out of the area. And you don't think the moment you step into that situation. He will turn around and kill you too. Then, of course, obviously. Anything you can do to step in.

Not that there was much anyone on the train could do.

I mean, I don't think there was an outcome change, no matter what anyone on that train did.

Unfortunately.

But would I want her to step in?

Of course. If she felt she was safe, yes.

Think about, you said, your wife. Think about your daughter. Your daughter is on that train, just watching someone else getting murdered like that. Would you advise your daughter to jump into a situation like that?

That girl sitting across the aisle was somebody's daughter. I don't know, man.

JASON: I would. You know, as a dad, would I advise.

Hmm. No.

As a human being, would I hope that my daughter or my wife or that I would get up and at least comfort that woman while she's dying on the floor of a train?

Yeah.

I would hope that my daughter, my son, that I would -- and, you know, I have more confidence in my son or daughter or my wife doing something courageous more than I would.

But, you know, I think I have a more realistic picture of myself than anybody else.

And I'm not sure that -- I'm not sure what I would do in that situation. I know what I would hope I would do. But I also know what I fear I would do. But I would have hoped that I would have gotten up and at least tried to help her. You know, help her up off the floor. At least be there with her, as she's seeing her life, you know, spill out in under a minute.

And that's it other thing we have to keep in mind. This all happened so rapidly.

A minute is -- will seem like a very long period of time in that situation. But it's a very short period of time in real life.

STU: Yeah. You watch the video, Glenn. You know, I don't need the video to -- to change my -- my position on this.

But at his seem like there was a -- someone who did get there, eventually, to help, right? I saw someone seemingly trying to put pressure on her neck.

GLENN: Yeah. And tried to give her CPR.

STU: You know, no hope at that point. How long of a time period would you say that was?

Do you know off the top of your head?

GLENN: I don't know. I don't know. I know that we watched the video that I saw. I haven't seen past 30 seconds after she --

STU: Yeah.

GLENN: -- is down. And, you know, for 30 seconds nothing is happening. You know, that is -- that is not a very long period of time.

STU: Right.

GLENN: In reality.

STU: And especially, I saw the pace he was walking. He certainly can't be -- you know, he may have left the actual train car by 30 seconds to a minute. But he wasn't that far away. Like he was still in visual.

He could still turn around and look and see what's going on at that point. So certainly still a threat is my point. He has not, like, left the area. This is not that type of situation.

You know, I -- look, as you point out, I think if I could be super duper sexist for a moment here, sort of my dividing line might just be men and women.

You know, I don't know if it's that a -- you're not supposed to say that, I suppose these days. But, like, there is a difference there. If I'm a man, you know, I would be -- I would want my son to jump in on that, I suppose. I don't know if he could do anything about it. But you would expect at least a grown man to be able to go in there and do something about it. A woman, you know, I don't know.

Maybe I'm -- I hope --

GLENN: Here's the thing I -- here's the thing that I -- that causes me to say, no. You should have jumped in.

And that is, you know, you've already killed one person on the train. So you've proven that you're a killer. And anybody who would have screamed and got up and was with her, she's dying. She's dying. Get him. Get him.

Then the whole train is responsible for stopping that guy. You know. And if you don't stop him, after he's killed one person, if you're not all as members of that train, if you're not stopping him, you know, the person at the side of that girl would be the least likely to be killed. It would be the ones that are standing you up and trying to stop him from getting back to your daughter or your wife or you.

JASON: There was a -- speaking of men and women and their roles in this. There was a video circling social media yesterday. In Sweden. There was a group of officials up on a stage. And one of the main. I think it was health official woman collapses on stage. Completely passes out.

All the men kind of look away. Or I don't know if they're looking away. Or pretending that they didn't know what was going on. There was another woman standing directly behind the woman passed out.

Immediately springs into action. Jumps on top. Grabs her pant leg. Grabs her shoulder. Spins her over and starts providing care.

What did she have that the other guys did not? Or women?

She was a sheepdog. There is a -- this is my issue. And I completely agree with Stu. I completely agree with you. There's some people that do not respond this way. My issue is the proportion of sheepdogs versus people that don't really know how to act. That is diminishing in western society. And American society.

We see it all the time in these critical actions. I mean, circumstances.

There are men and women, and it's actually a meme. That fantasize about hoards of people coming to attack their home and family. And they sit there and say, I've got it. You guys go. I'm staying behind, while I smoke my cigarette and wait for the hoards to come, because I will sacrifice myself. There are men and women that fantasize of block my highway. Go ahead. Block my highway. I'm going to do something about it. They fantasize about someone holding up -- not a liquor store. A convenience store or something. Because they will step in and do something. My issue now is that proportion of sheepdogs in society is disappearing. Just on statistical fact, there should be one within that train car, and there were none.

STU: Yeah. I mean --

JASON: They did not respond.

STU: We see what happens when they do, with Daniel Penny. Our society tries to vilify them and crush their existence. Now, there weren't that many people on that train. Right?

At least on that car. At least it's limited. I only saw three or four people there, there may have been more. I agree with you, though. Like, you see what happens when we actually do have a really recent example of someone doing exactly what Jason wants and what I would want a guy to do. Especially a marine to step up and stop this from happening. And the man was dragged by our legal system to a position where he nearly had to spend the rest of his life in prison.

I mean, I -- it's insanity. Thankfully, they came to their senses on that one.

GLENN: Well, the difference between that one and this one though is that the guy was threatening. This one, he killed somebody.

STU: Yeah. Right. Well, but -- I think -- but it's the opposite way. The debate with Penny, was should he have recognize that had this person might have just been crazy and not done anything?

Maybe. He hadn't actually acted yet. He was just saying things.

GLENN: Yeah. Well --

STU: He didn't wind up stabbing someone. This is a situation where these people have already seen what this man will do to you, even when you don't do anything to try to stop him. So if this woman, who is, again, looks to be an average American woman.

Across the aisle. Steps in and tries to do something. This guy could easily turn around and just make another pile of dead bodies next to the one that already exists.

And, you know, whether that is an optimal solution for our society, I don't know that that's helpful.

In that situation.

THE GLENN BECK PODCAST

Max Lucado on Overcoming Grief in Dark Times | The Glenn Beck Podcast | Ep 266

Disclaimer: This episode was filmed prior to the assassination of Charlie Kirk. But Glenn believes Max's message is needed now more than ever.
The political world is divided, constantly at war with itself. In many ways, our own lives are not much different. Why do we constantly focus on the negative? Why are we in pain? Where is God amid our anxiety and fear? Why can’t we ever seem to change? Pastor Max Lucado has found the solution: Stop thinking like that! It may seem easier said than done, but Max joins Glenn Beck to unpack the three tools he describes in his new book, “Tame Your Thoughts,” that make it easy for us to reset the way we think back to God’s factory settings. In this much-needed conversation, Max and Glenn tackle everything from feeling doubt as a parent to facing unfair hardships to ... UFOs?! Plus, Max shares what he recently got tattooed on his arm.

THE GLENN BECK PODCAST

Are Demonic Forces to Blame for Charlie Kirk, Minnesota & Charlotte Killings?

This week has seen some of the most heinous actions in recent memory. Glenn has been discussing the growth of evil in our society, and with the assassination of civil rights leader Charlie Kirk, the recent transgender shooter who took the lives of two children at a Catholic school, and the murder of Ukrainian refugee Iryna Zarutska, how can we make sense of all this evil? On today's Friday Exclusive, Glenn speaks with BlazeTV host of "Strange Encounters" Rick Burgess to discuss the demon-possessed transgender shooter and the horrific assassination of Charlie Kirk. Rick breaks down the reality of demon possession and how individuals wind up possessed. Rick and Glenn also discuss the dangers of the grotesque things we see online and in movies, TV shows, and video games on a daily basis. Rick warns that when we allow our minds to be altered by substances like drugs or alcohol, it opens a door for the enemy to take control. A supernatural war is waging in our society, and it’s a Christian’s job to fight this war. Glenn and Rick remind Christians of what their first citizenship is.