RADIOOctober 13, 2022

Why there may be NO WAY OUT of today’s ECONOMIC MESS

We’re in an ‘IMPOSSIBLE’ economic spiral, Glenn says, and there might be no way out of it. In this clip, Glenn explains exactly what’s caused America’s current, economic trouble. He explains why European nations will be the first ones to deal with the worst of it, and how specific action from the Federal Reserve could ‘hasten the end.’ Plus, Glenn says why he fears there’s no way out of this economic MESS: ‘I think we're in this spiral now. There's a way to slow it down. But there's not a way to stop it.’

Transcript

Below is a rush transcript that may contain errors

GLENN: The U.S. CPI surges to 40-year highs. Food and shelter costs soar.

The inflation numbers are not good. Service inflation continues to rise, as goods inflation slow. Food and shelter is kind of way up.

Let me take you through some of these. Food inflation is extremely high. We are looking at over 13 -- between 13 and 14 percent. Of food inflation.

Shelter inflation is up almost 7 percent, and the highest on record. Rent inflation, up 7.21 percent. The highest on record.

There -- we're in -- we're in trouble. And the thing that should have happened along ago, is raising the interest rates.

But our fed and -- and our Treasury, and our president, who is still in denial, is -- is -- you know, said to us, no. There's not going to be to us inflation. Don't worry about it. Well, here we are.

And to get ourselves out of it, is going to be a real trick.

STU: Is there a way out of this? I feel when I talk to you, I feel as if there isn't a way out of this.

By the way, in case anyone is interested, this is what it's like, working with Glenn Beck every day. You just come in. Hey. Something great happened at home. My kid had a great score on a test. And then you come in and want to kill yourself. That's life.

GLENN: So here's the problem: Do you want the weather answer? That was good.

STU: I guess when I'm here, I want the real answer.

GLENN: Yeah. Okay. So let me preface this with this. This used to be something where I would say, I think this is coming. Okay?

We're in the place now, where it's all math. And so it is coming. All right? And you're starting to enter the zone of death spiral. We're not there yet. I believe England is just beginning its death spiral. Europe will go first.

Okay? And then it will be us.

But we're in this spiral. Let me start with England. England just a few weeks ago, all their retirement funds crashed, okay?

And their retirement funds had invested -- see if any of this sounded like 2008. Had invested in things that were risky, but were marked stable. These things will never go down. Okay?

STU: Right.

GLENN: So as they started to go down, margin calls came in. And, you know, it's like if you own -- if you own a house, and you've borrowed money on the house. Okay?

And for to buy something else, your house goes down, the bank calls and says, wait a minute. You have a second mortgage here. And your house is not worth what it was. We need you to put more money down, for that second mortgage. Okay?

That's a margin call. So the margin calls came in. And nobody had the money. Everybody was like, wait. But those weren't supposed to go down. So what did they do? Bank of England, which said we'll stop printing money, we'll stop everything.

They had to either let all their retirement funds collapse. So they'll learn their lesson. Or we'll just print more money. They chose print more money.

Here's the problem with the situation that is happening in -- in England and all around the world.

Two things. One, England was talking about tax cuts. Okay?

Well, they were scheduled anyway. It was not this big tax cut thing.

STU: No. Totally overblown.

GLENN: Totally overblown. However, that's symptomatic of the problem we're facing here.

The government and the central banks are fighting each other. I think they're in on it together, quite honestly. But they're doing the opposite things.

By having tax cuts and not lowering the spending of the government, two things happen. You're taking the spending that the government is already just pouring out, way too much money. Okay?

And then you're adding money, and you're putting it in, like fuel injection, right to -- you know, right to the cylinders. And so you're getting that engine to fire up even hotter. Because they're giving it right to you, so you go out and spend it. That makes inflation go up.

At the same time, the central banks are saying, no, we've got to raise interest rates, to bring inflation down, and suck up that money.

Well, you're working against each other. So it's broken. It's not -- it won't work. Okay?

The other thing is it can't work anymore. Because everything, especially energy, are priced in dollars. So all these countries especially in Europe, have to buy more dollars because energy is going up. So they sell our treasuries to get more dollars. But as they buy more physical dollars, the dollar goes up, and they're inflating their money. So their money --

STU: They're printing new money to buy these dollars.

GLENN: So their money goes down, ours goes up. Which means they have to print more, to get our dollar to go up. Or sell more treasuries.

All of that is bad. Because it's just a spiral, that goes out of control.

STU: Right.

GLENN: Here in America, we have the same thing. Where is the main -- what is the main -- inflation has been happening since 2010. Okay?

And it is out of control inflation. But nobody noticed it. The answer was, where was inflation? Do you know?

STU: I mean, the stock market.

GLENN: The stock market. Exactly right.

The stock market doubled in price. And everybody was like, how is this -- and all the experts were like, oh, no. You have some really good fundamentals happening. No, you didn't. You had the Treasury and the fed dumping money into these giant corporations, which were investing back into themselves.

That was inflation. Because you weren't getting bailed out.

They were. Constant flow of that money to the elite.

They put it in the stock market. Which made all of the stocks go up. That was inflation.

But you notice, we didn't pay the inflation prices, at the supermarket. Because we weren't getting bailed out. And we didn't have a disruption in -- you know, in the supply chain. Now you really hit with both.

Now they've dumped trillions of dollars into the market with regular people. They went out and spent it. At a time where production is at an all-time low.

Too much money. Way too much money. And way too few goods. Now inflation is up. What is the government doing?

Well, Social Security today.

STU: 8.7 percent is the cost-of-living increase. The highest since 1981.

GLENN: Yeah. So what is that going to do?

STU: I mean, it's already one of our biggest expenses.

GLENN: Correct. So we're going to have to borrow more money. To pay for that.

STU: And all of those scary scenarios, about Social Security were all based on scenarios, where there weren't high cost-of-living increases. They were as low as they've been for years and years and years. Those rates are never going up, as you know, Glenn. Now that you have, and now it's 8.7 percent. That will blow up all those assumptions that we had, that were already terrible.

GLENN: All of those assumptions, which brings up our national debt. We have to pay a higher interest rate on that. Which then, also, the government is going to get that debt funded by the fed. So they'll print more money. For every retiree, and that number is going to go through the roof here soon.

For every retiree, you're going up almost 10 percent. So a that means almost 10 percent more, for everybody having Social Security.

Where is the money coming from? So you're in a death spiral, and if the fed raises the interest rates any higher, I mean, it -- it could be criminal. It could be criminal.

STU: Oh, but they are going to do it.

GLENN: They can't do it.

STU: But they've been saying they will do it for months.

GLENN: Right. And if they do, they'll I'm going to be hasten the end.

STU: But their argument would be, inflation is out of control.

GLENN: It is.

STU: By the way, the new numbers as you point out, only extend that narrative. This has not worked so far.

GLENN: Do you remember when I said, you know, 15 years ago, you have to control this now. Because the fed will be out of bullets. They won't be able to raise the interest rates high enough, to control inflation. And to pay for everything, we're going to have to print more money.

That time, is no longer theoretical, it's now, okay?

And we are at the beginning of this.

STU: But interest rates have been much higher in the past.

GLENN: Yeah. But you had labor. You don't have labor. Okay?

We had labor. We had product. We could sell things. We have a problem of not just too much money, we have too few goods.

Okay. You can't buy the -- have you ever lived in a time in America, where it's been like this. Where you go to a store, and you just can't get it.

STU: I mean, you're describing a country where you order a car in 2021, and it's not delivered until October 2022. That's a crazy world. I can't imagine a country like that.

GLENN: Correct. So like car inflation. Why is car inflation -- because it's not of regular inflation? It's because the product doesn't exist.

STU: Yeah.

GLENN: So it's just driving the prices up. So you have both of those things.

Back when you could raise interest rates, to 19 percent, you still had a healthy supply chain. You still had, you know, people that would work. We have people that won't work now.

We have plenty of jobs. It's like 1.6 jobs for every person that's willing to work. That's a lot of jobs that we could still fill. But people won't work. So you not only have the supply chain, because you can't get the materials. You can't get the people to assemble it. And then, because of that, the price goes up. Because there's just no access to them. So a here's the price level.

Then what do you have? Then you have people not being able to afford it. So they need to get a bailout from the government. Which prints more money.

And then the government is going to come in and say, price controls. We have to push that price back down. But then you put everybody out of work, because companies can't afford to make them. There's a reason the prices are going up. It's like gas. They're ripping people off. No! You're doing everything you can to destroy oil and the market. So, of course, the price is going to go up. You want the price to go down?

Take all of these restrictions away. So you're in this impossible spiral. I'm telling you, I don't just it's going to be -- I don't think there's a way out. I've talked to a lot of people.

I just -- I think we're in this spiral now. There's a way to slow it down. But there's not a way to stop it.

It's going to have to crash. We're going to pay. I've said this for years. You're going to have to pay the bill.

I do not know how it ends. It's going to end in some sort of economic reset. And I worry, with the kind of reset that everybody is talking about.

But you have to do the responsible thing. You are -- I want you to know how important you, as an individual are.

You are doing the hard part now. Most people don't want to know it. They don't want to know it.

There's nothing I can do. Yes, there is.

Information is power. Look, Book of Revelation. Did God give that to us to freak us out?

Because I don't know about you. It's kind of scary.

He gave you the information, so when you see these things happening, you're not freaked out.

Because everybody else is going to go, what the hell is going on?

And you will be calm enough to say, I know what's going on. Don't even go that way. Go this way.

We have to rely on each other. I'm convinced that this audience saves everything, in some form or another. There's a reason we're together.

And honestly, it is an honor to serve you and to help you. I'm doing my part. Your part is to listen. And then at some point, you're going to have to take it.

That's coming. It's coming.

What RFK Jr. should do with the FDA and HHS on Day 1

Donald Trump has nominated Robert F. Kennedy Jr. to be his Secretary of Health and Human Services. Glenn breaks down what he should do on Day 1 to rein in the corruption at the FDA. But should we be concerned that he will add in too much regulation? Glenn, Stu, and Glenn’s head researcher, Jason Buttrill, debate. Also, is this really just about making our food healthier, or is it also a fight against cronyism?

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. Jason, I know you're here to talk about UFOs and other crazy stuff.

But I want to continue this conversation.

And you did the research for a show that we did, on the FDA.

JASON: Crazy.

GLENN: It's crazy. Crazy. And I think this is the kind of stuff that I want RFK to dismantle. I want him to dismantle the money going back and forth from the drug companies, the revolving door, and Bush. Why would I think of him?

Trump is -- is doing this with big tech too. You work -- work for the government.

You are not going to work for big tech for ten years. Good. Same thing should be true with pharmaceutical companies. And good food.

And here's why. Froot Loops comes from the FDA. They say, we want to make a new product called Froot Loops. And we want to make some of them yellow. So we need. What is it? Yellow number five?

JASON: Sounds like a concentration chemical. Really, whatever it is.

GLENN: So yellow number five.

STU: Delicious concentration camp chemical.

GLENN: Right. So the FDA says, okay. You have to prove that yellow number five is good, is okay to put in.

They don't take a percentage of how many people have we said yellow number five is okay for? So if it's in everybody's food, that changes all the calculations. But forget about that.

We're only talking about Froot Loops.

So they say, you have to show us the study.

Now, think of global warming.

The food company goes to their group of known and trusted scientists.

And say, we need a study that shows yellow number five is safe.

And they're like, oh, we're going to do that study.

We're going to -- it's going to be fair and balanced and totally on the up and up.

STU: You seem skeptical.

GLENN: A little bit. Just like I am with studies that are paid for by the people who are going to benefit from that study.

It's not neutral

STU: Uh-huh.

GLENN: The FDA is then given that study, after it comes back. And says. Yellow number five is phi fine.

They're given that study. And they -- so the FDA says, so the study.

You've got the scientists to approve. Uh-huh. And it was a really tough fight. They really dug deep. So okay. Good. We'll approve it. Give us. How much money was it? Do you remember?

JASON: Oh, it's insane. And it's per batch.

GLENN: Yeah. So it's not just -- yeah. We've proven it. So okay this for Froot Loops.

It's every time that they have to -- they make a new batch of Froot Loops. And they're pouring yellow number five in.

They have to apply for a new license for that batch.

Okay?

Well, wait. It's either good or it's not.

Why?

Let me ask you something: Why do you keep coming to me, and giving me all this money. You know what I mean?

Maybe some day, I can do something for you. You know. Maybe. Maybe. Hey, I have a job opening.

Maybe you guys want to come over here, and police things with us.

That's the problem. And that's what I hope they get rid of.

STU: So are you looking for the FDA to do more or less in this process?

GLENN: I'm looking for somebody that is neutral.

STU: Right.

But I'm asking specifically, the FDA. Which I guess in this theory. In this -- like concept here. We're calling FDA neutral. I don't know we necessarily agree with.

In theory, they're the neutral party here.

Which I think has all sorts of problems. So my -- my -- I think what you're describing is a funding mechanism. Right?

FDA is massive. It costs a lot of money. And they're paying for the FDA to continue to go.

GLENN: Half of -- half of the money from the FDA. Okay?

Half of their budget, comes from food and pharmaceutical companies.

STU: Right. Let's say, you stop that.

You cut the FDA in half.

That's the direction we're looking for. Less input from the FDA.

GLENN: Yeah. I want less FDA to the FDA. And I want an end to the revolving door and an obvious corruption that is coming from money.

GLENN: So when you say that a funding issue, that translated as a crony issue. This is everything that the left used to hate. Everything.

It's everything -- like, I'm a Libertarian, more than anything else.

I guess I'm Libertarian lite. So when I first heard about this.

I got the person that did the bulk of this research. Was one of the biggest hippies on our team. You know who I'm talking about.

GLENN: You know who it is. Don't smoke --

JASON: That one. The other big hippie. But I said, food. I don't give a crap. If I want to poison my body, I want to poison my body.

But when it got me, was when I saw the cronyism angle.

And that's why I don't get Libertarian on this. This is everything you used to be, about big government.

They are getting rich off of an alliance with a lot of these companies.

GLENN: And it appears as though science takes a back, backseat.

They're sitting in the back of the bus.

GLENN: The experts.

And you can apply this to everything that we hate now about big government. Anything else. The push for blah, blah, blah, for the progressive agenda right now. Where they say, well, the experts are telling us this.

Well, the experts are employed by the people pushing their poison! And they are paid directly to --

GLENN: If you understand why we have a problem with clients -- climate science.

Just take what you know about climate science. That this is all being done by the people who want this to be real.

Because they want -- they want the money to keep coming in.

You're not -- you're not denying the -- the planet is getting, you know -- is going to kill us all, within five minutes.

You're not getting any money if the study comes out and says, no, that's not true.

You're not getting money. So the scientists sometimes will come back with the results that the people paying for it, want.

JASON: This would be like, if Elon Musk wants to sell his EVs. And he produces this huge report, saying that the world is spontaneously going to combust, in just two years.

Unless you add here to his research, that his scientists did, and trust us.

It's great!

GLENN: And, by the way. And, by the way, the lithium battery study that I just did.

Fires don't start with lithium batteries. It's not a problem.

JASON: Yeah. Yeah.

STU: So the issue is, you believe these food companies are proving things that theoretically are not helpful.

That are harmful. Then they're producing these studies. And they're giving them to the FDA. And the FDA is just approving them.

GLENN: And the FDA is not -- you know, the FDA. You know, I'm sketchy on this one. You might be able to help me out on this. The FDA made the food pyramid. The food pyramid that we've all grown up. Saying this is absolutely right.

They designed that through the food companies.

STU: Okay. So --

GLENN: It should be through science.

And through knowing what is --

STU: So who is doing these studies, if the food companies aren't paying for them. Who is paying for them?

JASON: The food companies are.

STU: I'm saying, that's your vision of the future.

GLENN: I think there could be a tax on the food companies or pharmaceutical companies.

STU: So they would still be paying for them.

GLENN: They're still paying them.

But they're not picked the scientists. Like, the scientists at general foods say.

STU: So you want a larger role for the FDA. They're deciding --

GLENN: They're the regulator. They are the regulator. It should be them, to prove it's safer.

STU: Aren't you answering your questions why Libertarians don't like it?

You're arguing for a larger role for the FDA. That's why they don't like it.

JASON: Larger responsibility.

STU: Yeah. I'm on the side of, the FDA has nothing to do with this. I would much rather have the FDA basically shut down, and not have any role in this whatsoever. Now, that is -- it's an old school American view.

GLENN: No. I would be for that.

STU: I don't like government control of this stuff, or input. I think that's why Libertarians don't like it.

What they're doing now, if I'm understanding this correctly. Is that companies are basically on their own, to come up with signs that prove this.

And the FDA basically goes along with it.

GLENN: For money.

And jobs.

STU: Again, and half of their budget.

Other alternative to fund the half of the budget. Is taxpayers.

That's the other alternative.

GLENN: No. Or taxing.

Taxing the food companies. And the pharmaceuticals.

Okay?

You want this service.

STU: Either way. We're paying for it eventually.

We're paying for it in our food. And we're paying for it in our taxes.

Again, I could understand the problems with this.

And this, of course, is true. Right? Companies constantly produce science that helps themselves. It happens in global warming and everything else.

I just think that my -- my -- I'm concerned, here's my concern. Here's my concern.

I don't want the -- I'm from a conservative movement.

That doesn't want the federal government to make me healthy.

GLENN: I agree with that.

STU: I'm of a vision of conservatism, that doesn't want the federal government to make me anything.

GLENN: Correct.

STU: This is a line in the sand for me. And I know a lot of people don't care about it.

But I'm of the conservative movement that yells at Michael Bloomberg for getting rid of large sodas. That's me. That's 100 percent me.

I have seen Jason too much in Taco Bell to know that he is -- I know he's on my side on that part of it.

GLENN: I don't want the government to tell me what I can eat. What I can't eat.

STU: Yes.

GLENN: But I would like -- I would like a -- some science to say, hey.

Stu, not good.

And not from Monsanto. And not necessarily from the government, that wants to control everything.

STU: Yeah.

GLENN: You know, there should be a way to get neutral science. But we don't have that now.

And honestly --

STU: There's been a lot of neutral science produced about food coloring. A lot of it. And you can choose whether to like those studies.

There has been some that have some indications of negative aspects. There have been many, many, that have been like, it doesn't seem like there's much here.

But that being said, the government comes in. And if the government approves a study, is that now gospel?

I don't think that's what we want. I think what --

GLENN: Science -- science is always changing.

STU: Yeah. I mean, it's not. Of course.

But our understanding of it --

GLENN: Yes. Thank you, our understanding.

STU: Science doesn't change.

GLENN: But, you know, I am concerned. Because, look, this is a guy, RFK, who has a very strong opinion on a lot of things.

And it's not my disagreement within this that, well, scientific consensus says X, Y, and Z, therefore he's bad. That's not what my belief is at all.

He has in his head, his own consensus. And he is going to try -- I believe, that he is going to apply his mental consensus over a lot of things that I don't necessarily want changed. I want to make the decisions for myself.

And as long as we live in a world. Where if what he winds up doing with this role, hey, you can spill raw milk all over the place. I'm not going to be concerned about it at all.

GLENN: Okay. So here's the thing.
I've learned this. Gosh, 50 years ago, 40 years ago.

It's never a problem, if you're selling a Volkswagen, and the client buys it.

And you've paid for a Volkswagen.

And it runs like a Rolls-Royce.

STU: No. It's great.

GLENN: If you buy a Rolls-Royce and it runs like a Volkswagen. There's hell to be paid. So what he's selling us, his Rolls-Royce that he is selling us right now, is we're going to cut regulation.

We're going to get out and make things your choice. And give you the transparency that you need to make good choices. But we're not going to force anybody to do anything.

Okay?

That's the Rolls-Royce, that he's promising. If he starts to run the Volkswagen way, which is more federal regulation, less choice, then there will be hell to be paid.

Because you're not -- that's not what you're selling us right now.

STU: Yeah. Look, I -- he's going to do some things I'm really going to like. I'm sure of it.

JASON: I think it's baby steps. Like, I would love to get rid of the FDA as well.

You know me. I would love to dismantle the bureaucracy. But let's take baby steps. Let's at least start with, let's not them collude with big food, Big Pharma, and all that.

Make a ton of money off of our expense. I'll just start there.

GLENN: I actually think -- I mean, he has said himself, the FDA should be shut down. And he said, 90 percent of it should be shut down immediately. I'm all for that. I don't need a baby step. I'm ready.

Okay. Let's do that. You know, let's just know what we're -- what we're trying to do here is to make the government accountable to the people, and giving the people their own rights back, that we stupidly gave to the federal government.

Trump RECKONING Coming for the Censorship Regime: Mandate to Fix America Part 1 | Ep 394

America has given Donald Trump and the GOP a historic mandate to fix what the Biden-Harris administration broke. But we can’t do it without a serious reckoning. This election was about more than just dinner-table issues: the cost of living, gas, income. CANCER has taken over this nation, and we voted — in RECORD NUMBERS — for President-elect Trump to EXCISE that cancer at every level of the federal bureaucracy. Tonight, Glenn starts a series that looks at everywhere the cancer has spread — the deep state, the media, the Department of Education, EVERYWHERE — and identifies where we want Trump to come in and start cutting. We begin with the country's eyes and ears: the censorship regime and the propaganda-industrial complex, also known as the legacy media. Glenn takes us back half a century to where it all started, when the biggest progressive minds in the country found out how to brainwash and indoctrinate a select elite class. They now control over 90% of the information that we all consume! This, he explains, is why the Democratic Party went from the party of anti-war, working-class hippies to the party of elite, college-educated war hawks in bed with Big Pharma who think the American people should be “drones.” If Trump doesn’t fix the eyes and ears first, a process that started when Elon Musk bought Twitter, the cancer will just return. Beware deep state, for the Orange Man cometh with very sharp tools.

Will Tulsi Gabbard and Matt Gaetz CLEAR OUT the Deep State?

President-Elect Donald Trump’s latest round of cabinet picks include Tulsi Gabbard as Director of National Intelligence and Rep. Matt Gaetz as Attorney General. Glenn and Stu discuss: Is Gabbard out for vengeance against the Intelligence Community for spying on her, or is she just searching for the truth? Will House Ethics Committee accusations against Gaetz tank his confirmation, or will he be able to clean house at the Department of Justice?

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, I wasn't born with the news yesterday, Stu. I'm not sure anybody was.

STU: We said it. We did say. These are kind of just normal Republican -- any Republican nominee may have put these people in office.

GLENN: Yeah.

STU: And that changed, I would say, after that.

GLENN: Yeah. Yeah.

STU: This is what you promised, right?

It's always exciting. Somewhere, yeah.

STU: We got a lot of excitement yesterday.

GLENN: There's a couple of things that I find worthy of pointing out.

If you look at it from his point of view. Last time, he was in office, he didn't know who to trust. Right?

He didn't know the system. He didn't know the players. He didn't know the parties, how they actually work in Washington. And he was stabbed in the back, in the side, in the shoulder.

You know, in the chest, in the stomach. Everywhere. He was stabbed. By everybody.

Okay?

So he's looking first, I think for people who are loyal to his vision. And perhaps, also, loyal to him, because he was stabbed over and over again.

STU: Yeah. I mean, obviously this is a factor.

GLENN: Right.

And it's logical and reasonable.

I mean,, Stu.

You know I've been stabbed every -- from every direction. Right?

STU: Sorry about that.

GLENN: Wait a minute.

And you know that I -- I have a tight circle around me. And they are people that not everybody necessarily likes each other, but they're all people I know, because I've seen them battle hardened.

They will never tab me in the back. Do you know what I mean?

And that's reasonable.

STU: That's a very reasonable desire.

GLENN: Correct. So that's the first thing that needs to be taken into consideration.

The second thing, I noticed yesterday is, he's also nominating people that the left will say, this is vengeance!

No. No. Not necessarily.

Although, it could quickly become that. And I will be against that, if it is a who couldn't come fest, okay?

But I don't think that's what it is. I think this is people who have been wronged, by the department they're now running. You know what I mean?

STU: Right.

GLENN: For instance, Tulsi Gabbard, DNI. Well, what did -- DNI. She oversees CIA, Homeland Security, all intelligence. Okay?

Well, she was put on the terror watch list. Now, you could look at that and say, oh, she's going for vengeance. She wants retribution.

No. I know Tulsi well enough to know, she wants no one to ever face that again for political reasons. You know what I mean?

She was deeply -- not offended, deeply disappointed in her country. It was -- it was an assault on her honor. That's where Tulsi is. And she's like, my country. I mean, it's shattered for her.

My country is saying that I'm a traitor. And they're only saying it because of politics?

This is not America. So I think she's perfect for that role.

Now, Matt Gaetz is an interesting pick. I don't know how I feel about Matt Gaetz as the attorney general. Wouldn't have been my pick. But I'm going to give Donald Trump the -- all the rope he's asking for. I think he's earned our trust. He's earned the right to go fishing and pull up any fish that he wants.

Now, that is not a blanket. Wait a minute. This isn't working out well, kind of deal.

If it's not working out well, I'm still going to say, it's not working out well.

However, if you look at what he's done in the past, he was one of the toughest people up against the Justice Department.

I mean, it's him, Massey, Rand Paul, he went after the Justice Department. And he was in oversight of the Justice Department.

So he knows it. He is qualified for it.

He just is possibly a loose cannon.

But the other thing I know about him, is he will not stab Donald Trump in the back.

STU: Definitely not.

He will do anything that Donald Trump asks him to do.

GLENN: I hope that's not. Wait a minute. I hope that's not a blanket statement, from anybody.

And I'm not talking about you. But from anybody.

I will do what the president asks me to do.

Unless it's unconstitutional.

STU: Look, I don't have that much worry that Donald Trump is going to request an unconstitutional thing. Though, I don't think Matt Gaetz would be the -- the -- the obstacle in his path, if he did.

GLENN: Right.

STU: I'm just not all that concerned about Donald Trump doing that. But I think Matt Gaetz will do that.

I can understand if I'm Donald Trump, look, I've been through this. They've come after me. I need somebody to go after me and basically fire everybody. And not feel bad for -- you know, because they have relationships inside that world.

GLENN: Right.

STU: And so from that perspective, I understand the Gaetz pick. Because Gaetz will do that.

He will -- if Donald Trump says fire 75 percent of the people, he will fire exactly 75.0 percent of the people.

GLENN: Yeah, and I will tell you that, you know, there are different -- there are different phases of a job.

STU: Right.

GLENN: You know, there are war generals. And there are peacetime generals.

A war general, isn't afraid of getting bloody.

Isn't afraid of going in with a hatchet and just kill them all, you know what I mean?

And I think that that's a Gaetz role.

That he may or may not be. Proof is in the pudding.

A peacetime guy. You know, he's the guy who goes in, when you're at war. And says, all of you, out.

You know, he does that for two years.

And who is open for a gig in two?

Oh. Ron DeSantis is open for two years. You know what I mean?

STU: Yeah. It kind of seems that he is specifically designed for the beginning of this. Now, again, the question of whether he gets confirmed is a whole 'nother situation.

And I know the recess situation, they're trying to get it so they don't have to confirm him. I think that's probably the only way he gets the job. I don't think he he'll get through the Senate.

But he -- it's not impossible. And if he goes through the recess appointment approach, he can get in there and he can go for two years because of that clause.

So he would only be able to do two years and then he would need to be confirmed. I don't -- I mean, maybe in two years, if he just did a really good job, he would get confirmed by the Senate. So it's possible. But right now, the guy has a lot of enemies in Congress. A lot of times, that's a good sign.

But I do think you're right, that he's the type of person that guy that will go in there and be light the place on fire, and that's exactly what Donald Trump I think wants to start on, because of how corrupt he believes he is. So I understand from that perspective.

I guess my -- if I'm making a pick, which I'm not. I was not actually elected president of the United States. We don't get to make this pick. But you think of a person like Eric Schmitt.

GLENN: I would have gone with him.

STU: Who is, I think a more -- I don't know. I think he would do a lot.

He would not be a rubber stamp. Like I think Gaetz will be for anything that he wants. However, he is a really serious person. Can absolutely do the job.

Would be an incredible pick for that job. And I think brings a little more credibility, not to mention an easier path in the Senate. Again, it's up to Trump. He gets to make this pick. If this one fails, he moves on to someone else.

GLENN: And I like Ken Paxton. Paxton wouldn't have affected the balance of power in the Senate and the House, you know what I mean?

STU: Yeah, the House -- I'm getting into worry time. We're now taking three House members out, when you have a very small majority. Now, I'm sure Trump is thinking about this.

Because it is important to him. He does need the House.

GLENN: It's critical.

STU: And I think they will get to 220 or 221.

GLENN: He's got to stop poaching from the House. He has to.

STU: And Johnson is like begging him at this point, please, nobody else.

GLENN: No more.

STU: Because he dropped out quickly. Now, of course, there's a lot around that. Gaetz is -- he was -- they were scheduled to vote on whether they were going to release a report on all of his personal issues here in two days. And so the fact that he immediately drops out, that means they theoretically don't --

GLENN: Where do you stand on those issues? Do you believe those to be true, or is that another hatchet job?

STU: That's an interesting question. To me, again, I will say, I haven't spent a lot of time --

GLENN: Yeah. I haven't either.

STU: To me, the idea that he was sex trafficking, seems like a real stretch.

I don't know. I could be --

GLENN: There are sex traffickers in the country. And they seem to miss a lot of those. They don't even look for a lot of those.

STU: Yeah. And he was not charged, it should be pointed out.

And the idea that -- it seems like even the accusation itself

GLENN: Is sketchy.

STU: Strikes me as they're stretching that into a larger crime. They're saying basically.

The accusation. We don't need to go into any of that. We don't even have the report. The problem -- the accusation you don't know is that he slept with a 17-year-old girl, and took her on trips, which they call as a across state lines. And then they say, they have their -- his Venmo records, and they say, that he Venmoed these women a bunch of money.

Which, I think that part of it is true. The question is, what is it for?

The accusation is, it was for paid sex. So paid sex across state lines. That's sex trafficking. Now, when I think of sex trafficking. I'm thinking of people being smuggled in from other countries.

GLENN: Yeah, I immediately think of a cargo container.

STU: Yeah, exactly, and that's not the accusation against him.

GLENN: Right.

STU: Look, they're serious.

You know, look, if he's actually having sex with underaged girls. That's a big enough deal.

GLENN: Yeah. That's a problem.

STU: Obviously, Trump is convinced he didn't. He has denied this. These are a lot of accusations from multiple other members of Congress, who say that he was, at the very least showing them pictures of girls that he was having sex with, on the floor of the House.

And, again, that doesn't necessarily -- that's not necessarily a crime. But not necessarily the best activity for someone you want to appoint to attorney general.

GLENN: Yeah. It's more Clinton-esque.

STU: Sure.

GLENN: Worthy of the president of the United States.

STU: As we know, there are -- it's difficult to find somebody who isn't engaged in some horrible activity in Washington. So --

GLENN: Yeah. I know. But I hope these things are wrong. We can't have somebody who has any dirt on them.

STU: Oh. And, look, Gaetz has tons. They are about to release an ethics report on him that they are saying is very damaging. Now, Gaetz is going to deny it.

And he has some. Like, I remember him saying, oh, actually, they're coming -- I'm being framed.

GLENN: Yeah, he's denied this hard.

STU: Some of that was true. Because they were coming after his dad in some related things. There's a long story here. If that report comes out. Which, by the way, I would expect it to.

GLENN: Of course, it will.

STU: It would be very surprising if somebody, who has a lot of enemies. Will not reek this report. Before this process.

GLENN: You have to remember too, the report is still just wrong.

STU: And it's an ethics accusation, it's not going to result in charges.

At the end of the day. You know, this will come down to whether Republicans want to cross this line for Trump.

And the biggest one he's presented to them so far. If he went to Thune. And this is what I expected. He went to Thune and said, look, I'm not going to endorse Rick Scott if you give me these recess appointments.

My guess is that was a big part of the deal. He was pretty clear about it. And the reporting is pretty clear on it going out. If that happens, he will be able to get in there. He will go in, he will shake the place up, and probably only last two years.

GLENN: Yeah, because he will be acting attorney general.

STU: Acting, and that's the maximum limit on that.

GLENN: Right.

STU: But I will say, it will be an interesting test of that relationship and how serious Thune is in keeping that promise.

Thune is not a guy that I would trust, with a -- with a promise like that.

GLENN: I wouldn't trust Thune with anything. Hey, could you hold this pile of dirt for me?

I'm not giving it to Thune.

Absolutely. I'm all over it.

STU: Thune. The easiest way to think of Thune is McConnell.

He's basically McConnell. Now, look, McConnell, maybe he would keep that promise.

Usually what happens here, the Senate wants their opportunity to give their opinion and their consent.

GLENN: The one thing I do like about Gaetz is, you know, he was pushing to stop the influence industry in Washington. And he was pushing for the end of stock trading. Inside information. Blah, blah, blah.

STU: Yeah. He's very good on that.

GLENN: And he reach out to the uber left. He stood with AOC. And I love this comment from him. AOC is wrong a lot. But she's not corrupt. And I will work with anyone and everyone to ensure that Congress is not compromised.

I think that's good!

Can Elon & Vivek’s D.O.G.E. slash the federal bureaucracy in HALF?

Donald Trump has made it official: Elon Musk and Vivek Ramaswamy have been tapped to run a new “Department of Government Efficiency” (or D.O.G.E.), tasked with slashing the federal bureaucracy and spending. But will it be successful? Glenn and Stu review what’s standing in the way of mass firings and Vivek’s possibly genius plan to get around these hurdles.

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, Stu.

STU: Hi, Glenn, how are you doing?

GLENN: I think Donald Trump is becoming the greatest president to ever live. If this stuff happens, I may put him up -- honestly I may put him up with Lincoln.

STU: Wow! Wow. Well, he's trying to do a lot. If he can accomplish this, heavy lift.

GLENN: If he can accomplish it. Yeah. Heavy, heavy lift. Oh, my gosh. He speaks my language every night. I'm like, honey, can you leave us alone? I'm just reading the news of his latest proposal. I need some alone time right now.

It is -- woo. Ramaswamy and Elon Musk, okay. This is his -- his latest. Let me see if I can give the -- let me see if I can give the actual release first of what he said. Oh, it's just -- oh. It is so sweet.

So he comes out, and he says, look, what we're going to have is this Department of Government Efficiency. You know that Musk was involved. DOGE.

And he says, it's going to run until their duty will be over, by July 4th, '26, which is the 250th anniversary of America.

So we have a lot of work to do, until then. But we're going to give back to America, the government. Give it back to the people.

And so what they're talking about doing is finding all of the ways to cut waste. And Ramaswamy has come up with this great idea of how to fire people.

Okay. We know the problem is that, you just can't fire people, because they're just going to -- they're going to take you to court, every step of the way. Everybody is going to say. You want to fire me, because I was black or white, or whatever I am.

I'm handicapped, or not handicapped. And you can't fire me. That's all that is going to happen. Then they will go to court and say, the president cannot fire all of these people. We're still going to have that one.

But how does the Supreme Court rule, that the executive is not in charge of all of his employees? Because the executive branch is in charge of the cabinet and all of the cabinet positions. And all of the agencies, under those cabinet positions.

STU: Typically how organizations work. That's why I'm so nice to you.

GLENN: Correct. Wait. What?

STU: You know, you have this power over my job. So I have to be incredibly nice to you, all the time.

GLENN: Right.

So everybody -- if you are running a -- if you're running a company, and you need to reduce the size of the company, you will have companies -- they will just cut whole divisions, because they don't want any of the lawsuits.

It has to be random. And it has to be everybody.

Right?

So what Ramaswamy has come up with. And he said, this is only a thought exercise.

But I think it's brilliant. What he's come up with is, we're going to reduce the government by half. And here's what we're going to do. We're going to say, everyone who has an odd number at the end of their Social Security number, you're fired.

STU: Well -- wait.

GLENN: Now, it's just random. Now, these are not the people that are elected. Okay?

So if you're elected into that office. You're not fired.

But everybody else, because we're reducing the size of the government by half.

STU: Well, I love the idea of reducing the size of the government by half.

GLENN: Here he comes. Here he comes. Naysayer.
STU: I love the idea of reducing the government by half.

GLENN: How did we switch roles?

STU: I don't think I'm being a naysayer.

Let me ask you this: Go back to Glenn Beck back in the day for a moment. Rewind your life a tad. And think of yourself a little patch, a little badge, given out by George Washington. What did it say?

Do you remember what it said?

GLENN: Merit.

STU: Merit! Merit has nothing tolerance with random groups of firing. You want to fire the employees that suck, not just --

GLENN: No, I know that.

But to be able to get to the place, where you have merit. You have to reduce the size of the government first.

You have -- you have bloodletting, that have to happen. Okay? You have to cut it by half.

STU: You do.

GLENN: Now, there might be some really good people that we lose. Might be. Might be. Probably will be. Oh, well.

And then you cut it another -- by half again. By saying, everyone whose Social Security number starts.

STU: Has an even number.

GLENN: -- with an even number. You're gone. So now you've cut the government by 70 percent.

I don't think the people that remain will be focused on doing a good job?

STU: Yeah. I mean, I would like -- I think though, there is just structural limitations that need to occur. Right?

You really do. You will need to fire people that are actually pretty good employees. Because of the size of the government. And because of the bloat.

GLENN: You're going to. You can apply again.

STU: I just would like to lead with the crappy employees.

GLENN: So would I. We would have to -- I mean, remember, this is exactly what Calvin Coolidge did. He cut the federal workforce by half.

And then he cut taxes by half. And when he did that, we got the roaring '20s.

Can you imagine?

Because he's also wanting to cut the federal regulations. Anything that hasn't passed by Congress. So all of these -- the administrator will decide. All of those rules and regulations, gone!
Gone! Do you realize how free this country will be, all of a sudden, overnight?

I mean, hello, sexy! I mean, I'm sorry that I am -- I mean, this is conservative porn! This is what we've always wanted!

This is that hot girl walking in going, you do have a shot with me!

Yeah! Okay.

STU: I mean, it will be fascinating to see if they can pull this off.

GLENN: Oh. If there's anybody that can do it, Elon Musk and Vivek Ramaswamy.

STU: They're both. I would think. Especially Elon. Vivek has pretty obvious political aspirations here. He does.

Elon doesn't. He's the richest guy in the world. The only thing he cares about is doing this job, when it comes to this. I don't think he has any other aspirations.

GLENN: No. His aspirations are, I want to go Mars. Can you make that easier for me?

STU: Right. So it will be interesting. Because he will want to come in and do these things. And he's going to, I'm sure bump into all sorts of issues he's not used to dealing with in places like Tesla. Because at Tesla, he just legitimately fires the people. Right?

Obviously, there will be lots of road blocks, put in his way.

Trump, I think will do everything he can to remove them. But there's a lot of -- there's a lot of -- there's a lot of walls there, that he has to break through. I can't wait to see him try to do it.

GLENN: Oh, I know.

You know, if you can't shut down the Department of Education. Social Security number lottery happening right now.

I mean, think of that. Think of that.

And Donald Trump has said, what I've always said what I want to hear a president say. Real estate prices are going to plunge in the DC metro area.

Yeah! Yeah!

He's going to be cutting so many jobs. So many -- I mean, this is fantastic.

STU: I hate to step in the way of your optimism. I hate it. I hate it. Because you're like a little kid.

GLENN: I'm never like this.

STU: You're never like this.

GLENN: It's been since 2005, I've been a pessimist on what's coming. This is the first real shot we have. This is the moon shot. This is the moon shot. Are we going to make it to the moon? I don't know. We might blow up several people in the attempt to get there.

But if we stay focused, we will get there.

STU: I like it. I really do hope it happens. And, I mean, I think -- I have more optimism, than I normally would have, on such a thing like this.

Normally, I would be like, okay. They say this all the time. I don't know. It just feels like, usually, there's something that gets in the way.

I was thinking about the first Trump term on the border.

The second -- they came out with pretty tough border policies.

They said they were going to implement them.

GLENN: Yeah.

STU: About, I don't know. A couple weeks into this. Families are being separated.

And then they changed the policy. This is Trump. This was in the Trump era. This is not like some other, you know, Mitch McConnell, and this mysterious Mitch McConnell presidency. This was Donald Trump.

And they backed off of it, because of all the pressure. Do you think maybe it's a second term, they're like, screw this. I'm not dealing with this anymore.

GLENN: Oh, I think maybe because he was in the first term, he didn't know what he didn't know. He didn't know who to trust.

He also didn't know what was coming. He knows now, what's come.

And he knows, I can't trust any of these people. I'm not going to listen. I'm just going to do what I know is right. I'm going to hire the best people in each area.

And then we're making a plan. And we're moving forward on day one.

STU: I love this Glenn Beck.

Glenn Beck is a very optimistic guy. And it's going to be so sad to watch you get crushed.

It is going to be --

GLENN: Look, I know there's going to be -- there's going to be massive pushback. This is not going to be easy.

STU: No.

GLENN: But we at least have a guy. You know, look --

STU: It feels like --

GLENN: Everybody said when Ronald Reagan said, it's an evil empire, and we need to start calling it by name. You can't defeat it, unless you know what it is. That's an evil empire, and we will defeat it, okay?

I, for one, at the time was like, okay. That's scary. But I love that. All right? Finally calling it by its name. Calling it out. Saying, it's the end of that. Everybody fought against that. Even in his own administration. They were saying, don't say that anymore. Don't say that anymore.

He was just, I'm going to say it.

It's because of that, we defeated communism, the first time.

Because he just wouldn't stop.

What do you think is going to stop Donald Trump? What do you think will stop Donald Trump at this time?

What kind of namby-pamby, wishy-washy, guys can wear skirt talk, will stop Donald Trump from doing what he believes is right. Other than the Constitution.

STU: So to reverse this, if he fails, will you accuse him of wearing a namby-pamby skirt?

GLENN: No.

STU: I didn't think so.

GLENN: No. No, no, no, no. I will say that, here are the hurdles that we have to figure out how to get over. Okay?

They threw this in the way. Great. How do we get over?

He's not going to rest. He's not going to stop. He's not going to stop.

STU: It feels that way.

I mean, I think a lot of it has to do with what his priorities are. Right?

GLENN: Hang on. Let me give you -- and let me tell you, what I think happened to him, over the summer.

Okay?

Why I say, he's -- he's --

STU: He got shot.

GLENN: He got shot.

But what did that do to him?

And what else is playing a role?

GLENN: So Donald Trump was shot. He is the kind of guy that just keeps standing up. Okay. That's his natural tendency. Oh, you're going to hit me in the face? You're going to shoot me in the head?

Really. I'm going to get back up and say, fight.

STU: I thought that was going a different direction. Holy crap.
(laughter)

GLENN: So --

STU: That was a long F for that fight there.

GLENN: So he's the kind of guy that does that just naturally. Okay?

STU: Yeah.

GLENN: And he's also the guy who -- he told me, after he lost the last election. In the most humble of ways. He became very, very reflective. And I said, how are you doing?

And he said, I can't believe I've let all of these people who fought for me, I let them down.

I lost the election. Remember, I told you this. I let them down.

I can't. Now we're reversing all of the things that we had made progress on.

I can't live with that. So he also really cares about you, the people.

He's the first politician, that I've seen, that I think actually thinks about you, first.

George Bush, thought about the troops. That was on his mind, all the time.

But this one, thinks about not only the troops.

But you. All the time.

He is serving you.

I truly believe that.

Now, what else happened to him? He gets up. He says, fight. Because that's who he is.

Also, he wanted to see the crowd.

You stood there, if you were in Pennsylvania, you didn't run and hide.

He knew he was part of a movement.

He also knew, this was a God thing.

So the natural thing is: Why was I saved?

He has told me, and he has told others, that he knows he was saved for a reason.

He believes that reason is to fix America. So now you have a much higher calling than, I am just me. I'm Donald Trump. I want to be whatever.

Plus, he knows that the -- the country is either sink or swim.

We're at the end of the republic. Or at the beginning.

Coincidentally, in this term, is our 250th anniversary.

It's not a coincidence that he has DOGE, the final day of their work, July 4th, '26. That's the date of the 250th anniversary. They're not going to gather information and then enact those things by July 4th, '26. He wants it done by then.

STU: That's the right approach.

GLENN: It is. And he wants to hand America back to her people and her founding principles in a year and a half. That's ripe for the economy. That's -- he believes that's his mission.

He believes that's his -- his mission, honestly from God.

I really believe that. He believes this is a nation with a purpose, a higher purpose. He believes in our founding documents.

He believes in you, the people.

He is quite possibly the refounder I have looked for, my whole life. And I can't believe it.

STU: It's an amazing.

I'm more amazed by your optimism, generally, than I am by even the giant aspirations here by the president.

But I'm excited about it. I think it's a great -- first of all, it's nice to have a little hope. Right?

GLENN: I haven't had hope since 2008.

STU: Yeah. It's nice. It's a good feeling.

GLENN: Yeah. It's really nice.

STU: Like I am super optimistic I think from my scale as to what someone like Elon Musk can accomplish. If given the sort of room he needs to operate. Look, it's all going to be tough.

When you talk about the budget and stuff, a lot of stuff comes out of these programs like Medicare, that I don't know is necessarily going to be the focus of this. Do you know?

Is it going to be looking at these generalized programs. They're not diving into Medicare. Because you can't do that without legislation.

GLENN: No. He's not doing that. He's not looking at anything that Congress has to do first.

STU: Right.

GLENN: He wants to cut the size of the federal government and regulation which will give you control of your life back.

STU: I feel like, that's too why he's not too worried about taking people out of the House for these appointments.

Because I think he knows, he's got a few months, where he will be doing executive order type stuff. Executive management, before he's looking necessarily at that first bill.

GLENN: Yeah. He has to be careful on that. He needs to make sure he keeps the House.

But, I mean, this could turn the country around economically, pretty quickly.