A Tough Two Weeks Ahead | Guest: Stephen Moore | 4⧸1⧸20
Episode Stats
Words per Minute
163.6013
Summary
Glenn Beck: America today is full of confusion, fear, and deep sadness, but none of this is who we are. Glenn explains why we need to embrace the bigger picture, and why New York City is the best and the worst city in America.
Transcript
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I have a feeling today in my heart, in my gut, and I'm not sure I can put it into words, but I'm going to try.
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America today is full of confusion, full of fear, deep sadness, some anger out there, but none of this is who we are.
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None of this matters. So let me try to take you to what matters and what you really need to embrace today.
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So I feel like, you know when you're driving and you hit a patch of ice, and your first instinct is to slam on the brakes, and all of your instincts are wrong, because you're trying, you feel out of control, and you want to have control.
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So you slam on the brakes, and when there's ice on the road, it's the worst thing you can do.
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But can I take you out of the driver's seat for a second and look at the bigger picture?
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And when I was growing up in Mount Vernon, Washington, a small town just north of Seattle, it's where I wanted to live.
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I knew nothing about it except what I had seen on television.
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And it would take me almost 40 years to get there.
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Even though I didn't grow up there, I grew to know it.
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And I think as much as anyone can know New York City, because it's the kind of place where every block has seen lifetimes of stories.
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Every block contains a million movies that were never made.
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Some of them never even noticed, but all of them worth telling.
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And it has been attacked over and over and over and not just by terrorists or or covid.
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In fact, every time you start to count it out, it grows bigger and reaches higher heights.
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It's it's America in five boroughs, Queens, Brooklyn, Staten Island, the Bronx, Manhattan.
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So much hate and love, intelligence and stupidity.
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So much history, so much humor, music, food, human complexity, the entire human race, almost at every crosswalk.
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The artwork, Bob Dylan, the Beatles in the park, Warhol, Studio 54, the Rockettes, the Christmas tree in Rockefeller Center.
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The streets full of ticker tape as the war heroes return home because somehow or another they survived that war.
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It's a city where two dollar pizza that you buy on the street is better than any pizza you've ever eaten.
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It's all there and it's all within a six block radius.
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And then every once in a while, all of a sudden, out of nowhere, it seems something happens.
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All of a sudden, out of nowhere, a triage unit on the East Meadow of Central Park in the middle of New York.
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Here it is, the Big Apple, the city that never sleeps, never stops, never depletes, never gets sick.
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Not enough masks, not enough hospital beds, food is low as temperatures rise.
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A lifelong New Yorker's hand trembles as he captures one of the 45 refrigerated trucks parked outside of one of the hospitals and makeshift morgues on his cell phone.
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Trailers, meat trailers for an unprecedented number of dead.
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A white painted naval ship painted with a red cross drifting into the harbor.
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But the red of the logo could represent the 20% of this or that, the 2%, more or less, thousands, hundreds of thousands.
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Starting specifically in Central Park, the patch of Eden in an unrelenting city.
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The rare gasp of nature in the concrete jungle.
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And now, suddenly infected by 68 beds at an impromptu field hospital.
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Bone-white cots that you would have seen in the medic tents in World War II or that we all saw in MASH.
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Earlier this week, in a week that seems like it's been a month, Governor Cuomo suggested the city would likely need 140,000 beds and ventilators, now a precious commodity like ground beef and Lysol wipes.
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It all seems to be something for the movies, the cinema, perhaps just the cinema of the mind, and one right now that America doesn't want to buy a ticket to.
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We gather alone, apart, and we feast on documentaries about the underworld of big cats in America.
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14 tents along the eastern edge of Central Park near 5th Avenue and 97th Street.
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Across the street from Mount Sinai Hospital, a triage unit.
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Organized by Samaritan Purse from Boone, North Carolina.
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Some New Yorkers are protesting because it's Franklin Graham's group.
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Central Park stretches from 59th Street to 110th Street.
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And it was conceived as an emblem of democracy.
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They're huge playgrounds of land once owned by kings and queens used as hunting grounds.
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And it's important, and they knew about it 150, 200 years ago.
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And Central Park is a place to lose yourself, lose your worries, and quite honestly, lose time.
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The chalk of midnight air caught in some infinite gray cloud wall.
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Flowers on tables, children's voices in the air, lovers on benches.
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And if you're still enough, you can still hear the pulse and the voices of the past when the sky shook with paper pamphlets that read,
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Those pamphlets were everywhere in the same park.
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If you listen closely, you can hear the riots of the 1840s.
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It was the riot of 1849 that led to the creation of Central Park.
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New York is full of riots, over and over again, and political drama, and murder, and drugs, and rampant prostitution, and corruption.
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Every crime imaginable played out like a soap opera on the national stage.
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If you're quiet enough in the park, you can see the New Yorkers.
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The New Yorkers of the past that would drag their mattresses out into the park,
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where their entire neighborhood would camp out in the heat of the summer when there was no such thing as air conditioning.
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Right there, where a few years later, Simon and Garfunkel would play.
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As is the way in America, the murder trial coincided with racial and class tensions that finally began to boil over.
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This is the place where people found respite after September 11th, 2001.
00:11:06.760
You can still sense the feelings, the confusion, and the anger, and the betrayal that many felt that day.
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As of yesterday, three billion people globally have been told to stay home.
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And if you see the white tents of the triage unit in the east meadow of Central Park, it's fair to say the numbers are dwindling.
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The pace of the heat is accelerating, the gasp of uncertainty, the anxiety of tomorrow, the anxiety about the next trip outside.
00:12:00.200
This is what I mean, most of all, that I believe in the captivating power of Americans, in the ever-thriving cadence of the American heart, of the vast and multiform country that includes all of us, every single one of us.
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I hear the national anthem, and I cry, and I mean it.
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I hear the pledge, and I feel a deep ache inside at times.
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I feel a deep love for America, every single corner of it.
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See how they wake without a question, even though the whole world is burning?
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We can persevere better than we ever can even imagine.
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Plenty of Americans have died face down in the mud somewhere far from their home, forgotten.
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We have immense youth, a unique power, driven by an ability to fight and overcome.
00:14:09.640
I see the harmony of America played out every single day.
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We know what's happening in New York is coming.
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But today, we're watching our tougher, older brother, New York City.
00:15:06.400
And we've seen our older brother gasp like this.
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Maybe it's because we've never seen it quite like this.
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And there in Central Park, the trees and the stones and the fields of Central Park have seen this come and go.
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And if you will, just for a minute, imagine the park and listen closely enough.
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Because if you do, those trees, those stones, those fields, whisper the truth.
00:16:02.960
That New York, America, you, will not just survive.
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But like what happens every time that New York is down, we thrive.
00:16:22.820
New York as a city goes on to reach even higher heights.
00:16:41.780
When the bowling ball slips from your hands and falls on your foot, do you leave it there?
00:16:46.580
Or do you spend the rest of your evening standing in one place, not bowling with your friends,
00:16:51.240
just wincing and desperately wishing you didn't have a bowling ball on your foot?
00:16:56.260
You'd help yourself first by removing the ball.
00:17:01.940
Do you have severe frequent pain in your life, mild or severe?
00:17:05.800
Have you tried everything you can think of and nothing works?
00:17:17.960
And 70% of the people who try it go on to order more.
00:17:21.720
You can order the three-week quick start for only $19.95.
00:17:36.980
Feel what life felt like before that bowling ball was there.
00:18:11.980
And before we went on the air, he's been looking at all of the numbers.
00:18:22.640
Because I'm somebody who goes, you know, I shoot from my hip.
00:18:28.580
And when I see things over the horizon, you know, usually it's not always the most pleasant.
00:18:36.320
And Stu is always the guy who kind of balances me.
00:18:38.960
And he's been very steady and has provided me with a great deal of hope until today.
00:18:49.160
And Stu, I want you to say the opposite things that you have found today.
00:19:02.800
Well, what I found is that everything is awesome.
00:19:06.900
Everything is cool when you're part of the team.
00:19:20.300
I mean, compared to you, everybody's a feel good, you know, happy song under a rainbow.
00:19:27.480
But I mean, I think compared to a lot of people, I don't consider myself a skeptic on this
00:19:33.940
You know, looking at this, I think it's going to be.
00:19:44.360
Donald, you think Donald Trump wants to shut the economy down for six weeks in the middle
00:19:48.560
Like, I guarantee that is not how he saw his presidency playing out.
00:19:53.220
Remember, he's the guy who has been very optimistic.
00:20:01.100
I want every American to be prepared for very hard days that lie ahead.
00:20:13.300
But this is going to be a very painful, a very, very painful couple of weeks.
00:20:20.620
I mean, this is not no, no president goes into their presidency, you know, thinking
00:20:25.460
they're going to deal with something like this.
00:20:27.460
But, you know, this is the last thing in the world he wants to be doing, particularly
00:20:31.500
Like, even if you have the worst possible opinion of Donald Trump, you know, and of
00:20:35.120
course the left does, they still can't give him credit for how seriously he's taking this.
00:20:41.060
And then the other two things I'll give you just outside of the data, why on earth are
00:20:45.720
Gavin Newsom and Andrew Cuomo saying nice things about Donald Trump in the middle of
00:20:51.960
That's got to terrify you because they know they don't want to, you know, he's got the
00:20:57.460
control, you know, and a lot of control of the resources.
00:21:00.260
And they want those resources and they realize how badly they need them to the point, to
00:21:04.520
the extent they will go on television and say he's doing a good job.
00:21:09.040
So Stu is a stats guy, and I would like you to go over the stats and give me what you think
00:21:21.760
So you're sitting at home surfing on the web for the eighth straight hour and be kind of
00:21:25.460
come your custom ever since the lockdown went into effect.
00:21:27.820
And you're a responsible social distancer, you know, that in addition to the danger of
00:21:33.440
the virus out there, there's also a danger from cyber criminals, especially if you're
00:21:46.680
Surgeon General has determined masks don't filter out enough of the cyber crime to make
00:21:51.600
your computer or other devices really, really safe.
00:21:54.940
LifeLock will detect a wide range of identity threats, things like your social security number
00:22:05.700
Now, nobody can stop everything, but they're going to catch the things that you might miss
00:22:10.420
if you're just monitoring your credit or something like that.
00:22:16.060
It's not enough just to alert you that there's a problem.
00:22:19.740
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00:22:31.360
If you're home in quarantine, watching a lot of television, you may need to watch
00:22:50.420
Hey, tonight at 9, our response to the coronavirus has crippled our economy,
00:22:54.760
and it could get much worse because of some of the bad players there that are profiting
00:23:06.020
We need to get back into the fight as soon as we can and turn the American engine on.
00:23:13.640
When that is possible, I don't know, but you need to know what's coming beyond the coronavirus.
00:23:20.920
Tonight, we look at that and the effects of the mainstream media and how the mainstream
00:23:27.540
media is, in my opinion, more dangerous than the coronavirus.
00:23:31.920
Tonight, 9 p.m., America's most dangerous virus, the media.
00:23:38.740
You can see it at blazetv.com slash Glenn, blazetv YouTube, on demand only.
00:23:45.040
And by the way, you have to be there from the beginning.
00:23:49.180
If you're watching it on, you know, our YouTube, we, as soon as the feed is over, it's deleted.
00:23:55.920
It's not safe, so you have to watch it from the beginning, and when 10 o'clock comes, it's
00:24:02.020
off, unless you're watching it on Blaze TV, and you'll be able to get the archive there
00:24:08.440
Tell your friends, and if you don't have Blaze TV, you can watch it, but you have to watch
00:24:21.480
Of course, if you're a Blaze TV subscriber, thank you.
00:24:26.700
We're giving the biggest discount we've ever given, $30 off on subscriptions, and we are
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And I don't know if you've seen some of the things that have been out in the news lately,
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We're asking you to get your year's subscription so you don't have to worry about it.
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We'll give you $30 off that year's subscription, so it works out to be about $5 and some change
00:25:03.020
But do it now so you don't lose track during these critical, critical times.
00:25:10.860
All right, Stu, let's look at, let's start with what do the numbers show us where people
00:25:23.880
What people think this is actually going to look like?
00:25:26.860
And then let's compare them to what the experts are predicting.
00:25:34.740
Yeah, I'd love to get your thoughts on this, Pat, too, because it's, Pat Gray joins us from
00:25:38.760
You know, it's one of these things where this has moved really fast, right?
00:25:49.420
So they asked, if you had to guess, how many people do you think will die in the United
00:25:53.880
States because of coronavirus over the next year?
00:26:01.700
This is less than a hundred, less than a hundred.
00:26:14.900
So half of the people in the United States believed less than a thousand deaths.
00:26:22.200
So they've already, we've obviously exceeded that by quite a bit in the three weeks.
00:26:25.620
Um, more, uh, more than a thousand, but less than 10,000.
00:26:31.980
So you're at 87% of people who believed it was going to be less than 10,000.
00:26:38.600
There's almost no chance it's going to be less than 10,000.
00:26:41.740
We should hit 10,000 next week with this, the way it's going.
00:26:54.020
Yesterday was the second highest total of any country during the entire coronavirus, uh,
00:27:00.900
scare with the except, I mean, you can't count China, which is obviously lying about their
00:27:05.060
I would expect they probably had bigger days than this, but there was one day in Italy
00:27:10.560
So, I mean, like it is, you know, it is, we're not even at the peak yet.
00:27:15.280
No, as Trump talked about yesterday, that they believe the peak is going to be in a couple
00:27:18.960
of weeks, um, where it could be multiple thousands per day.
00:27:22.000
Um, so, uh, and only 12% of the people, only 12% believed it would be over 10,000 dead in
00:27:28.380
They redid the exact same poll, uh, in March 26th.
00:27:32.120
And it's revealing that the poll on March 11th, the highest answer you could give was
00:27:38.000
So they didn't even have a category above that.
00:27:40.300
They had to add that when they asked the poll again.
00:27:42.320
Um, so they asked again, which this is just at some point humorous, um, less than a hundred,
00:27:48.360
5% still thought it would be less than a hundred.
00:27:50.060
Now at this point there, we were way beyond already another 19% thought it would be less
00:27:57.020
And again, we were past a thousand as well on May, uh, March 26th, uh, 46% still believed
00:28:05.200
Uh, again, I don't think that's going to happen.
00:28:07.400
Um, and 30, 31% said it would be more than 10,000 dead in the next year.
00:28:11.680
So they broke out that category and said, okay, if you believe it's more, if you're in
00:28:15.340
that 31%, you believe it's more than 10,000, what do you think it will be?
00:28:19.220
Will it be more than, or less than a hundred thousand?
00:28:23.920
So about 10% of the total populace, about 15% of the total populace believed, uh, between
00:28:33.680
So again, I, you know, I don't think it's going to get that high, but still.
00:28:40.040
We were at a point where half the country was like, oh, less than a thousand deaths three
00:28:46.600
And I, and a lot of times I think this moves just at the pace where it doesn't seem shocking
00:28:54.120
But when you look at it over a multiple week basis, you're like, holy crap, this is moving
00:29:01.460
So what are the real, because first of all, I think we're going to hit between a hundred thousand
00:29:06.760
I think a million is a long shot, but I think we're, we hit between a hundred thousand and
00:29:12.000
A million would be, no model predicts a million unless we do nothing.
00:29:16.100
Like they all, you know, there are a lot of models that will say that if we basically
00:29:20.840
just kind of go free for all and, and, and enough and no good news comes, there's no treatment
00:29:47.600
Now, Fauci says between a hundred and two hundred and forty thousand.
00:29:51.780
And that's based on the Imperial College model, which is, uh, the one that also predicted
00:30:01.980
What is the one that's coming out of Washington state?
00:30:04.080
University of Washington has one that I think has been more reserved and also updates
00:30:08.000
every day, unlike the Imperial College model, which they did.
00:30:12.840
Um, they predict the total death count to be 93,765.
00:30:18.620
Now it's interesting because they update it every day with new information.
00:30:23.020
Um, the, yesterday they were predicting 83,000.
00:30:26.220
So in one day they've upped it by 10,000, which I would say is not a good sign.
00:30:32.380
Uh, the high end and low end is about 40,000 to about 175, I would say, uh, is their estimate.
00:30:43.200
And they're, that's an interesting one because they, they really do go and give, they give
00:30:46.880
state by state estimates as to when they think the peak of each state will hit.
00:30:51.040
Um, we can, I'll tweet this out, uh, at stew does America, if you want to, uh, kind of
00:30:54.680
go through it and, and nerd out on the data as well.
00:30:58.960
And this is why you see Trump, you know, I mean, dead serious yesterday talking about,
00:31:04.400
Hey, the next couple of weeks are going to be awful.
00:31:08.040
Um, and of course, obviously physically by not, uh, you know, so when is the peak, our,
00:31:13.900
our governor yesterday, uh, here in Texas came out and said, schools are not going to
00:31:30.720
I mean, when is, when is it supposed to hit and peak in Texas?
00:31:34.480
Cause it's, it's not really, I mean, it's here.
00:31:39.420
A couple of people in my, in my town, we have a small town of about 900 people.
00:31:43.640
There's two people that I heard of just last weekend.
00:31:46.140
So there's gotta be more now, but two in my town that have it.
00:31:52.800
Uh, in, in early May, uh, according to the models, uh, according to this university of
00:31:58.140
Washington model, May 7th would be a Texas peak.
00:32:00.900
It's interesting to note that Washington seems to be on the decline.
00:32:04.460
Already they went through a really bad time and, and it looked like they were going
00:32:09.120
to be the state that was out of control, but New York took that from them.
00:32:12.880
But, um, their, their numbers are actually starting to decline now.
00:32:31.900
Well, first of all, Chicago, actually not a state.
00:32:33.700
Uh, it's a city, uh, in the United States, uh, April 29th, uh, for California was, it
00:32:41.020
would be, or actually it looks like May, May 2nd, maybe is, uh, the California peak.
00:32:53.340
Um, so, but you could see like there's massive still bars of error here.
00:32:59.160
And, and as Dr. Fauci talked about yesterday, Trump has echoed this as well.
00:33:05.840
This is, but this is with all of the social distancing stuff that we're doing.
00:33:09.300
This does not include if we all kind of give up on it.
00:33:11.660
If we give up on it, all their numbers get uglier, whether you believe it or not.
00:33:15.180
Well, if we give up on it now, I mean, we've already done the damage, man.
00:33:18.240
Let's not, let's not pull out of this thing too early.
00:33:22.720
Let's, let's, there, I think that there's a chance that we come roaring back, uh, with
00:33:30.560
Uh, there's a chance that we just come roaring back.
00:33:35.780
We'll want to go out and shop and spend money and go to restaurants.
00:33:39.520
So, uh, you know, as soon as this thing comes back, if there is a clear kind of cut ending
00:33:45.500
to it, uh, it, it will really help the, uh, economy.
00:33:50.100
And there are some positive things that are the, um, there, for instance, there's a new
00:33:55.200
study by the medical journal, the Lancet infectious diseases, which I usually wait for the swimsuit
00:34:04.900
The Lancet infectious diseases swimsuit edition is unreal.
00:34:11.880
When they did the swimsuit edition on leprosy, right?
00:34:22.980
They've done a study and they found this, the mortality rates have been overstated is what
00:34:27.940
They said that the mortality rate right now looks like it's going to wind up to be about
00:34:41.720
CNN reported on this and CNN, they did all kinds of stuff about how the mortality rate is too
00:34:48.940
high and it's going to come in way under a 1%, blah, blah, blah.
00:34:53.540
See, I was, I, the only one that was screaming going, wait a minute, you guys were just saying
00:35:00.540
that the president, how dare the president say that when he came out and said it will
00:35:07.160
I did a whole show on that, uh, on that stupid because they were all bashing him at the same
00:35:11.900
time as when the world health organization announced it was 3.4% worldwide, but we, any,
00:35:16.740
every expert was aligned saying it was not going to be 3.4% at the most about 1% is where
00:35:25.500
I think there's a good chance it gets even lower than that.
00:35:27.600
Um, at the, when it comes to the end of this, I think there's a chance that even that's high.
00:35:32.520
I got to give you, I got to give you this last story too.
00:35:35.220
I mean, you just want to talk about the press and I mean, watch tonight's show.
00:35:40.540
When I try this one on, here's the, here's the New York times.
00:35:45.220
Uh, this is from a Monday, New York times headline, more Americans probably should wear
00:35:56.320
They were just telling us, we told you no, why would they be saying they need them for
00:36:02.780
If they do no good, of course you should be wearing a mask.
00:36:06.220
They're trying to make sure that they have enough for the hospitals instead of saying
00:36:13.800
People won't, they won't, it's no, not effective at all.
00:36:17.260
Now they're coming out and telling you, you know what?
00:36:21.280
Of course we all should have been wearing masks.
00:36:24.140
That's unbelievable that they, that, that isn't, that's disgraceful though.
00:36:27.400
You look, you can say, I think the American people would say, look, we're not going to
00:36:32.480
You know, like we of course want the health workers to have them first.
00:36:36.220
But I mean, to tell us that they're not effective and then say that they are just a little
00:36:43.260
Well, to say they're not effective at the same time you're saying we need them for the
00:36:56.700
You can find him on the podcast and don't forget Stu's podcast every day as well.
00:37:01.340
Stu does America really, really funny and a lot of great information.
00:37:04.880
And he's focusing on this tonight and he will air on Pluto TV right before my special.
00:37:20.780
Why don't we, why don't we spend a few minutes just talking about getting your house ready?
00:37:25.260
You know, there's something to be said about preparing.
00:37:29.140
Cause I think there is, I mean, trying to sell your house right now in credit.
00:37:33.900
I mean, hello, who's coming over to look at your house.
00:37:37.420
Um, so selling it now is going to be tough and we could sit here and speculate about all
00:37:44.400
Um, but I really do believe that when we are released from this, there is going to be a move
00:37:55.160
Um, we could hit a roaring twenties kind of, uh, scenario.
00:38:05.360
So prepare for those times, prepare for the good times, get your house in order and find
00:38:10.800
the right real estate agent that can help you do this right now.
00:38:16.660
They don't have to necessarily come into the house.
00:38:18.540
They can just look at the curb appeal at this point, find the right person and, and, and
00:38:26.040
I trust.com find the right one in your area for you.
00:38:30.000
If we don't have one in your area, we're not going to just recommend anybody.
00:38:34.800
We just monitor all of the results and the stats.
00:38:37.480
And we just, we look for the people that fit in all of the categories that we are looking
00:38:43.140
for to, to determine in our opinion, the best real estate agent in your area.
00:38:52.940
I trust.com arguing with socialists, the new book from Glenn Beck pre-order now on Amazon.
00:39:04.800
You know, Donald Trump yesterday said we needed another phase of stimulus.
00:39:16.700
He was looking and asking for another $2 trillion in stimulus.
00:39:22.780
The same day, the Fed comes out and says that by June 1st, we're going to have 32 and a half
00:39:30.640
The height of the depression was 25 percent unemployment.
00:39:36.200
We talked to Stephen Moore about what's really coming in the economy.
00:39:40.720
What does this look like on the other side when we come back?
00:40:01.860
When all the losses are tallied, don't call this a recession.
00:40:09.440
Contractions in activity that mark the end of normal business cycles.
00:40:23.040
The Fed is saying that by June 1st, 32 percent unemployment rate by June 1st.
00:40:31.640
So, you know, it took three years in the Great Depression to get to 25 percent.
00:40:39.120
What happens when you just turn all of the engines off of a 747?
00:40:44.120
How do you make sure it doesn't crash and kill everybody on board?
00:40:57.080
So yesterday I started telling you about the short-term T-bill auction the government's putting on right now.
00:41:07.520
They are selling treasury bills left and right.
00:41:10.480
The value of the dollar is starting to shoot down.
00:41:15.680
The Fed is now becoming the central bank of the world.
00:41:21.520
They also announced yesterday that they're just buying our treasuries back from other countries.
00:41:27.540
If other countries need the money and they're holding our treasuries, our debt, the Fed is just buying them back.
00:41:33.920
Printing money and giving it to them so they can pump money into their own.
00:41:37.500
So we're now our Fed is now floating the entire world.
00:41:42.640
Do you think they're going to buy those treasuries back?
00:41:49.560
May I suggest now, right now, stop what you're doing.
00:42:06.280
I mean, cryptocurrency should be going through the roof.
00:42:22.100
In fact, I can tell you I know this because there's such a run on gold.
00:42:29.420
There are many places they'll say, OK, delivery in X number of weeks because they don't have it yet.
00:42:35.440
There's not enough gold for the money that's going into gold right now.
00:42:39.880
Goldline is one of those places that still has it while it lasts.
00:42:49.260
I'm asking you to use reason, fix it firmly in her seat and question with boldness and look at the unthinkable.
00:43:07.780
All right, Stephen Moore, the most unpredictable guest we have ever tried to book on this program,
00:43:24.520
has just been called into some sort of an emergency meeting and has to reschedule for next hour.
00:43:33.640
Stephen Moore is our Matt Damon on the Jimmy Kimmel show where he used to say at the end of every show,
00:43:42.000
Every time Stephen Moore, we book him, he has something important that comes up and then we have to push him back and we never actually get to him.
00:43:57.620
I really want to talk to him today, too, because one thing I find really fascinating about the economy right now is tomorrow we get the weekly unemployment, new unemployment claims.
00:44:16.220
Yeah, 3.2 million, which was above, even higher than people expected.
00:44:20.740
We know that on Friday is the unemployment report, the real one where we see the unemployment rate for the first time.
00:44:30.720
You know, we won't have this entire shutdown thing reflected about it.
00:44:37.400
About half a month of the damage will be in that report.
00:44:45.780
And what I found was what I thought was interesting was what Trump did yesterday, where he tweeted about a $2 trillion infrastructure plan.
00:44:57.640
Now, of course, I would point out I am not a huge fan of a $2 trillion infrastructure plan.
00:45:03.500
I wasn't a fan of the $1 trillion infrastructure plan that he ran on.
00:45:06.400
I mean, I don't think I wasn't a fan of the 775 infrastructure plan that that Joe Biden oversaw under Barack Obama.
00:45:15.180
Yeah, so it was $775 billion, the stimulus plan in late or early 2009.
00:45:22.200
I wasn't a fan of the stimulus plan that George W. Bush passed towards the end of his presidency, either or the bailout.
00:45:30.480
All of that is something that, you know, we are pretty consistent on here.
00:45:36.200
And I don't like the spending levels of our government by any means.
00:45:43.740
And stepping back from that for one second, though, Donald Trump is going to have a lot more information than any of us do, right?
00:45:49.940
He knows the situation better than any of us do.
00:45:52.420
He has an idea as to how this is going to look.
00:45:56.220
The fact that two days before these reports come out, he starts tweeting about another $2 trillion he wants to spend on jobs programs is terrifying.
00:46:07.980
Terrifying. Maybe I'm reading too much into it, but I mean, Trump knows this stuff.
00:46:11.860
He knows he knows it almost feels like Trump is getting everybody prepared for what they're going to.
00:46:18.300
They feel they are going to need to do once this unemployment picture actually is visible to everybody.
00:46:24.220
Well, if the Fed is right, 32% unemployment, a jobs program is going to be needed.
00:46:34.000
But here's here's what I really want to focus on today.
00:46:37.360
And it's in my new book, Arguing with Socialists.
00:46:40.960
And we actually I mean, we've done a lot of work on on modern monetary theory because it sounds like an absolute joke.
00:46:50.260
Until you understand its socialist underpinnings, this is the way that the socialists believe they can just completely take over an economy.
00:47:03.100
And I want to quote from the book, according to modern monetary theory, if you've not heard about this, this you need to know about this right now.
00:47:11.880
According to modern modern monetary theory, MMT proponents, policymakers have not properly taken advantage of government's ability to print its own money.
00:47:23.580
They think lawmakers are spending far much, far too much time worrying about fiscal responsibility and balanced budgets in stay.
00:47:31.740
Instead, they say the government should print the money it needs to accomplish important public policy goals, regardless of how much debt is being incurred.
00:47:46.180
Because if we could just print money and not worry about anything, well, then what's the problem?
00:47:55.180
Why haven't the kings and the queens a thousand years ago done this?
00:48:02.880
But listen, these new socialist MMT economists say debts and deficits don't matter if government controls its own currency like we do in the United States,
00:48:14.680
because MMTers want the government to spend the money, go deeper into debt and keep interest rates at near zero.
00:48:23.740
Now, you would say, well, that's going to lead to inflation.
00:48:30.680
Because MMT supporters say they are very concerned about inflation, and that's what happens when you print trillions of new dollars.
00:48:39.260
But instead of controlling it by raising interest rates, usually the strategy employed by the Fed,
00:48:45.320
they instead use price controls, regulations, subsidies and taxes.
00:48:53.580
Stephanie Kelton, now she's I believe she's the one that is working for Bernie Sanders,
00:49:02.160
says, in general, the MMT solution to inflation is to increase government control of economic activity.
00:49:10.740
The more actively we regulate big business for public purpose, the tighter full employment we can achieve.
00:49:17.840
They also advocate limiting customers' abilities to borrow to buy specific goods and services if their prices are rising too quickly.
00:49:25.480
Secondly, the somebody else says income policies and wage rules could also hold down inflation if needed.
00:49:41.500
It creates an underground black market and it makes everybody a criminal because it doesn't work.
00:49:49.180
It is complete government control of an economy.
00:49:53.640
And that's why socialists want it, because they get you with, don't worry, you can spend two trillion dollars.
00:50:01.220
Don't worry, we're in this we're in this together, gang.
00:50:05.620
There's no there's no chance that we can get out of this.
00:50:08.840
You you you you you're now saying that we have to cut back on all the things that were promised to our old people.
00:50:26.180
And I believe, Stu, and help me out, please talk me out of this.
00:50:33.000
I think Congress is already way down this this road.
00:50:43.460
I mean, and this is, you know, what's what's kind of, you know, and it goes back to what we were just talking about.
00:50:54.380
We launch all of these things that are presented as emergencies.
00:50:59.880
I mean, like this is a legitimate we're in a legitimate emergency situation right now.
00:51:03.920
You do what you have to do to get through it, as is always the case.
00:51:08.100
And it's a case you've been making going back to 9-11, at least that I can remember, as long as I've known you, which is these things get put in place without sunsets.
00:51:16.640
And if there is if there is no ending to it built into the bill in which they have to go in and redo it and reauthorize it over and over again, they will stay forever.
00:51:28.300
Now, the sunset is not is not a full protection because they do author reauthorize it over and over again.
00:51:34.420
And they will continue to do it as they've been doing for a long time with all those 9-11 programs, you know, some of which are OK, some of which are really bad.
00:51:43.120
And that is something that there doesn't seem to be much of an appetite for right now on either side of the aisle.
00:51:50.220
There's not a there's not a lot of people questioning how far this should go.
00:51:54.520
I mean, look at, you know, Thomas Massey just wanted people to vote on it and people got angry at him.
00:52:00.160
And this is this is why Thomas Massey is going to end up being a hero to everybody.
00:52:04.360
I think is he is absolutely right that they need to vote on it.
00:52:09.640
Nancy Pelosi just said yesterday that she doesn't want any kind of computerized voting for Congress, even though five people, five members of Congress already have covid-19.
00:52:20.460
They should all be staying at home, working from home.
00:52:25.380
But for some reason, they all have to get onto an airplane and come in and vote, which she says, no, they shouldn't.
00:52:37.240
So all they're doing now is they're cutting Congress completely out.
00:52:43.180
There is no there is no debate on these things.
00:52:49.600
And then, OK, yep, looks like we have a quorum.
00:52:56.460
OK, we just want to we just want to everybody just ready to pass this.
00:53:12.720
And you need to get on the phone with your congressman, who's probably at home and say, you've got to get a some sort of a vote digitally.
00:53:24.500
You shouldn't have to go back to Washington, but do not miss any of these votes.
00:53:30.320
You put pressure on Nancy Pelosi and on the government.
00:53:33.940
You have to have votes in Congress because they I'm telling you right now, you are going to see things that they would have never been able to get through.
00:53:53.400
You'll see a basic basic universal income where everybody will get a check.
00:53:58.120
And right now it'll seem like, OK, well, that's good.
00:54:01.460
We're going to send you twelve hundred dollars a month.
00:54:07.100
That is something to tide you over while you're not working.
00:54:14.520
If if they put this in and they don't have a hard, fast and this program ends when this happens, not an not an end when the crisis is over, because crisis, they can never end.
00:54:33.040
We do this until June 1st and then it's over and we don't just vote to do it again.
00:54:44.340
That's really what you have to do on some of these things.
00:54:55.620
This book is going to be history, this book that we're that I just put out comes out next week,
00:55:05.620
It could become just nothing but a history book, a road map on what finally ended America,
00:55:14.300
because all of these things are going to be in these bills.
00:55:18.240
You're going to see all of them because we talk about in this book.
00:55:22.520
We we we interviewed and we took we took in former interviews.
00:55:29.880
We took articles written by all of the people that are socialists, hardcore socialists and the designers of all of the bills and everything else that's going on for the hardcore socialist.
00:55:51.400
I think the last chapter is just on modern modern monetary theory.
00:55:54.920
And, you know, we basically call it the nuclear bomb.
00:55:58.160
This is the way this is the way everything goes off track.
00:56:01.060
This is the one that if this would ever happen, you just lose everything you lose everything.
00:56:09.500
Well, you better know what it is, because I think we're doing it.
00:56:17.160
And I really want to talk to to Stephen Moore about that and get his opinion, because the Fed is is now just printing money for the entire world, for the entire world.
00:56:37.160
And any central bank can call up the Federal Reserve now and say, hey, we've got all these T bills here that we bought.
00:56:54.400
But will you promise to buy him back after this crisis?
00:57:04.920
There was plenty of money, but nothing our money could buy, as Rudyard Kipling once said.
00:57:16.000
If you order it to Amazon today, you're probably going to get it over the weekend.
00:57:18.960
It goes supposed to go in bookstores, which are closed on Tuesday.
00:57:26.540
Get it wherever you buy your books and do it right now.
00:57:34.580
I've been telling you about my experience with Rough Greens for a little bit now, and I want to share somebody else's experience.
00:57:40.080
Margie, she lives in San Diego, and Rosie just isn't her dog.
00:57:47.160
Rosie's problem is she's got weight and a sore knee.
00:57:53.360
I do hadn't been going too well for the for the dog, lethargic, not getting around much, didn't eat very well.
00:58:01.560
Well, Margie began putting Rough Greens on top of her food.
00:58:04.340
And since then, Rosie has gained so much energy.
00:58:07.440
She is actually running off the eight of the 15 pounds she's supposed to lose.
00:58:15.720
He's eating more than he's ever had, but he's not getting fat because he is going all the time.
00:58:22.140
It has vitamins, minerals, digestive enzymes, probiotics, even omega oils and antioxidants.
00:58:28.060
Your dog is going to love his food again, and you're going to see the dog that, especially if you have an older dog, you're going to see the dog come back to life.
00:58:39.200
Take the 14-day Jumpstart Challenge for $14.95 right now.
00:58:42.720
See the difference in your dog in 14 days or less.
00:59:09.300
So, Stu, we were just talking about cryptocurrency.
00:59:17.660
I think it's been around $5,000 to $6,000, yeah.
00:59:20.540
Has not exploded as many would have predicted in a situation like this.
00:59:25.520
With people looking for places to put their money, how is that not exploding?
00:59:30.560
The easy explanation is the people who are invested in cryptocurrency are people with excess regular currency.
00:59:37.400
So, the fact that the economy is in shambles is meaning that they're not spending as much on that either.
00:59:42.340
It's not really, it's not a great case use for it though.
00:59:45.620
I mean, here's a situation where you'd think, where a place where like handing each other actual money is a problem, it would be a good indication or a good use for cryptocurrency to thrive.
01:00:02.360
So, it's been, I know a lot of people are disappointed in that so far.
01:00:05.920
I mean, it hasn't fallen apart completely either, but it's just kind of mirrored the market, which is not as encouraging as you would think if there's an actual use for it.
01:00:22.180
If you didn't have, like Goldline has a big supply of gold and they're one of the biggest suppliers of gold in America.
01:00:29.040
So, they have these vaults with a lot of gold in it.
01:00:31.940
But you go and try to get physical gold in a lot of places, you can't right now.
01:00:37.280
And that's because people are not buying the ETFs, although they're doing that too.
01:00:41.620
They're trying to get their hands on physical gold.
01:00:43.780
So, how is there such a rush on gold that I've never seen before?
01:00:53.120
I mean, it shows that there's something fundamentally wrong, I think, with cryptocurrency.
01:01:02.960
And I think it hasn't helped also that the federal government, at least the Democrats, are trying to have a new U.S. dollar in cryptocurrency.
01:01:22.780
Let me tell you, I don't have a commercial here on my...
01:01:31.420
If you're working at home, I did this about, oh, I don't know, six weeks ago.
01:01:36.980
When I was up in Washington, D.C., something happened in our life, and I have Norton protection on all of my phones and everything else.
01:01:50.620
They have, I think, three different options for you.
01:01:52.420
And I had the basic, and I upgraded to the top because I realized, holy cow, this is a dangerous world.
01:02:01.980
And there are things that were happening with me in my life.
01:02:14.180
It not only protects your devices, blocks your webcam and makes it into a safe cam, but also has bank-grade encryption on your VPN.
01:02:29.100
Save up to 50% off now your first year with the annual subscription at Norton.com slash Beck.
01:02:34.460
If you're looking for something to watch in quarantine, blazetv.com slash Glenn, you get $30 off our biggest discount ever.
01:02:51.960
Tonight at 9 p.m. Eastern, our response to the coronavirus has crippled the economy.
01:02:59.260
But there's one group of Americans who stand to profit off of America's demise.
01:03:03.080
The incompetence of Donald Trump is on dangerous display.
01:03:09.500
Americans need to fight together, turn the economic engine back on, and ask what's more dangerous, the coronavirus or the mainstream media?
01:03:23.160
Ben Shapiro joins me for that broadcast tonight at 9 o'clock.
01:03:36.580
Because I know you make money off of fear, so I'm curious if you're going to hide the information of the real cure to this or not.
01:03:46.320
I wasn't aware that there was a cure, but maybe I'm in the pocket of big pharmaceuticals.
01:03:53.220
There's one treatment, I would say, and one cure, one complete cure.
01:04:02.180
You want to get the information out to the people.
01:04:05.360
The president of Belarus is letting his people know that vodkas and saunas will cure coronavirus.
01:04:16.440
And he also is saying, because they are still doing sporting events there, and he said that the best antivirus remedy is sports.
01:04:27.660
So, if you were to play sports drunk and then go into a sauna, there'd be almost no chance.
01:04:42.940
You know what's amazing is, this is Joe Rogan talked about this on his podcast a couple of weeks ago.
01:04:47.520
He was like, I hear saunas are good for the doctors like, no, Joe.
01:04:54.740
No, Joe, to sterilize it, your lungs would burn up.
01:05:00.000
That one has actually passed around a lot on the internet, the sauna part of it, the vodka part of it.
01:05:03.660
I guess you could see, you know, as a disinfectant, sometimes alcohol would be, I could say it does make you feel better for at least a short period of time.
01:05:13.280
Do you see that alcohol sales have gone up like 45%?
01:05:17.440
I think this is going to be, in all honesty, the lasting legacy, one of the lasting legacies of this is there's going to be a hell of a lot more alcoholism.
01:05:25.600
And as my wife, my wife was telling me, she saw something online where they said, you know, think about the generation in 20 or 30 years that has been homeschooled by alcoholic parents.
01:05:39.580
It's true that, you know, that your entertainment is watching the Tiger King.
01:05:44.560
You know, that's not a healthy, it's not a healthy thing for America right now.
01:05:50.660
And that's why we, as we always do, when we want a real cure and real news, we go to Turkmenistan.
01:06:01.920
You can have some vodka, that'll treat the problem.
01:06:04.440
The cure, though, has been found in Turkmenistan with Gerbang...
01:06:10.380
Gerbangali Berde Mukha Madoff, as you know, he's the president...
01:06:21.900
He was the dentist of the former president, though.
01:06:24.720
And think of how good of a dentist you'd have to be to be handed the presidency when the old guy dies.
01:06:29.160
They're just like, you know what, who are we going to go with?
01:06:39.540
So they have done something there that has completely cured coronavirus.
01:06:42.180
And what they've done is they have banned the word coronavirus.
01:06:51.120
Literally no one can get it because it is completely banned from all existence.
01:06:56.960
They are actually arresting people in the streets if they discuss it.
01:07:02.820
Or if they wear a particular protective clothing.
01:07:10.480
And I, look, I think, I don't know why we don't go this way.
01:07:14.100
This is kind of like, this seems like the right sort of solution.
01:07:17.240
It's like when you, if you ban certain words, we all know they go away.
01:07:23.860
If you don't say the mean words about a certain group, that means that the racism goes away or whatever.
01:07:32.600
I think that's a, I think that's, I mean, that is right in there with lefty logic.
01:07:39.540
Uh, Stu, can I, can I please, uh, assign some homework to you?
01:07:47.960
I want you to watch at least three episodes of the Tiger King today.
01:08:05.260
You don't have to come into work on these very busy roads with the four cars.
01:08:11.980
So anyway, listen, I want you to watch at least two episodes.
01:08:16.640
At least two episodes of Tiger King, because I have to ask you a question.
01:08:26.860
You're accusing someone of murder on national radio?
01:08:35.400
They're starting to look into this now because her husband just disappeared.
01:08:41.420
He was a millionaire, blah, blah, blah, and he just disappeared.
01:08:44.500
And she thought that this whole documentary, she was part of this because she thought it
01:08:52.860
would raise awareness and people would hate, you know, Joe the Tiger King.
01:08:57.380
And you don't, you know, necessarily fall in love with him, but you certainly don't fall
01:09:04.440
And so she started this big cat preserve in Tampa.
01:09:07.440
By the way, I'd love to hear from people in Tampa.
01:09:22.140
And the, she had just called, like, let me see if I can find this here.
01:09:30.980
He had just called or she had just called the police.
01:09:34.860
She had been trying to get a divorce off and on from him for a while.
01:09:38.180
Um, and the Hillsborough County Sheriff's Department, uh, had heard from her and she said that,
01:09:55.240
And she said, oh, he had the early onset Alzheimer's and his, his van was found at the airport.
01:10:05.540
And they think that maybe she killed him and then fed him to the lions.
01:10:24.860
Joe, I think has like a hundred and I don't know, 40, something like that.
01:10:28.520
It seems like a reasonable number of, of tigers to have.
01:10:34.540
So now the, the sheriff's department is investigating and saying, we want any new leads on her missing,
01:10:43.560
So this is totally turned around on her where she really thought it was going to hurt him.
01:10:49.840
He's actually coming out looking like the good guy to some degree.
01:10:53.900
And she's now, people are starting to say, I think she did it.
01:10:58.420
I personally, I think her current husband, I see him on camera and I'm like, he's waiting
01:11:06.120
I don't know what I was thinking when I got married, but look at me now.
01:11:09.320
I'm living with her, uh, on this stupid animal preserve.
01:11:16.960
Cause I, I want to know what you think about Carol.
01:11:22.000
You're saying, uh, I'll try to get through as many episodes as I can.
01:11:31.000
So it's been one of those things that we've been trying to, you know, watch at the same
01:11:40.440
We, I was ready to watch it last night and Tanya couldn't make it.
01:11:45.260
Oh, we got the family gathered around the old television set watching Joe, the tiger
01:11:53.060
Uh, it is, it's a freak show, by the way, the Kardashians think it's a freak show.
01:12:06.960
Uh, but Kim Kardashian, uh, said, you know, um, I think that Carol killed her husband.
01:12:28.400
Now I don't understand how we got here as a country, but it's like, if crimes don't get
01:12:35.040
investigated unless there's a documentary about them.
01:12:38.140
If there's a podcast, if you've got a lengthy podcast where they go into the details, then
01:12:48.660
They get calls for documentaries at the police office.
01:12:50.840
Like, guys, I've been watching this thing on Netflix.
01:12:53.500
That's really like where we're, how we're running things now.
01:13:00.120
I mean, shouldn't there be an investigation into the crime?
01:13:02.860
And like, I don't, I feel like it's a bad idea to have Netflix as our justice department.
01:13:11.700
Don't you trust the justice system of Netflix or, or Amazon prime?
01:13:19.580
We need this old fashioned kind of criminal justice system.
01:13:26.780
I, I would love to hear from somebody in Tampa who, who knows Carol.
01:13:33.260
If you know her and you, you know, maybe you don't think she, you don't think she, this
01:13:38.840
is probably a reach, you don't think she fed her, her husband to the lions.
01:13:46.100
She just, I, you know, I think I just don't, I just don't like her.
01:13:50.520
And so when it's, it's weird because when it's television, if you're an unlikable character,
01:13:57.140
yeah, you're willing to believe anything, you know, you just don't like her.
01:14:01.180
And of course her argument is as is everybody's argument in these situations, they've designed
01:14:05.280
the documentary to make you have strong feelings about these people.
01:14:09.300
And so they've presented her in the worst possible light.
01:14:17.320
I mean, this, this, this documentary, they spent enough time with these people that I think
01:14:23.840
you're getting a pretty fair representation of them.
01:14:27.140
I could be wrong, but because there are those moments where she, they're not saying she's
01:14:35.320
I mean, that people are calling her mother Teresa in the, in this, uh, deal.
01:14:39.740
She's showing them with all volunteers and what she's doing with the cats.
01:14:46.220
She is, she's Hillary Clinton with cats, giant cats.
01:15:02.480
I have been a listener of yours for many, many years and I love what you do.
01:15:07.000
And I love that you normally do a lot of research when you're talking about certain things, but
01:15:11.960
I've been a volunteer at big cat rescue for 15 years.
01:15:14.800
I would never volunteer my time for someone who I thought killed somebody.
01:15:19.700
I honestly, I honestly, well, no, I know that's a good stuff.
01:15:25.280
Because she's dealt with this for over 23 years.
01:15:28.640
So that was nothing new for them to ask her a question.
01:15:40.420
And she says that, that I've heard this over and over and over again, but they're, they're,
01:15:46.900
It is suspicious, you know, and she does have a way to get rid of the body.
01:16:00.400
I'm actually going to be volunteering there tonight.
01:16:08.720
It's an organization that has cameras all over the world for animal animals.
01:16:13.660
We are the only big cat sanctuary that has cameras in it.
01:16:17.960
They are not what they depicted on that program.
01:16:23.020
What she was sitting in front of was what's called a lockout.
01:16:30.380
Even our small cats have enclosures the same size as a small house.
01:16:36.540
We have a two and a half acre vacation rotation that our cats go through.
01:16:53.920
There's no research on this one, but I will tell you, I appreciate you calling honey.
01:16:59.040
And, and you answered the question on whether you're getting a fair view or not.
01:17:04.400
And that's why I wanted people to call in and we'll do more on this probably tomorrow.
01:17:08.340
Uh, but I wanted to get Stu's, uh, view on this.
01:17:12.480
It's a show and I know it's got human beings lives involved in it, but it's a show.
01:17:22.740
No, not if you're not for her, not for her, not for her.
01:17:28.300
We, we watch these things and it's not real people.
01:17:30.780
Right, but this is my complaint about why we're running the justice system this way.
01:17:40.440
Uh, is, is your pain at all keeping you from doing the things that you love to do?
01:17:46.360
Are you, I mean, right now you're locked in the house is probably not from pain.
01:17:50.380
Uh, the pain might be in your buttocks region, uh, right now from the coronavirus, but the
01:17:55.900
frequent pain, is it stopping you from living your life?
01:18:01.320
Mine used to, it doesn't anymore relief factor.
01:18:06.260
Some things work for a while, then it stopped working and then it would come back with a
01:18:10.400
I've been on this now for two years and it has changed my life consistently out of pain.
01:18:22.020
70% of the people who try it go on to order more.
01:18:24.660
Try the three week quick start trial for 1999 relieffactor.com call 800-583-84800-583-84.
01:18:50.980
I'll see what I've, see what I've, I've opened, uh, I've opened a can of tigers.
01:18:56.360
Now, uh, I've got people on the phone saying that, honey is crazy.
01:19:07.020
We shouldn't have, but Stu, I think she killed her husband.
01:19:11.780
The only thing worse than doing, uh, you know, justice department work through documentary
01:19:18.660
I think, but that's what everybody is doing all across the country.
01:19:25.120
And you know, if you don't like Carol, uh, hang on because you give that documentary five
01:19:31.360
more minutes and you're going to find somebody even more unlikable, uh, it's, it's, you know,
01:19:36.720
the only ones that make any sense in it are the lions and the tigers and the bears.
01:19:41.200
And you just look at them and you're like, I know, brother, I know.
01:19:49.060
The economy, our coronavirus update and how we restart this engine next to Glenn Beck.
01:20:00.880
Welcome to the program today, our coronavirus update.
01:20:04.160
I'm going to try to keep it a short, as my uncle Leo used to say, keep it a short.
01:20:11.040
Uh, and Stephen Moore is going to join us because I am, I'm, I'm really concerned about what does
01:20:16.820
this mean in the future for the economy and how do we get out of the now and become futurists
01:20:22.120
and start looking at new possibilities and new ways, uh, to capture the spirit of America
01:20:28.380
as we go through this coronavirus update and so much more in one minute.
01:20:37.060
So yesterday we had the, uh, founder and owner of my pillow on the news and, uh, or on the show.
01:20:42.720
And, uh, he's been in the news for, for going up in the Rose garden.
01:20:48.380
And while he was being thanked by the president, uh, for making 50,000 surgical masks a day,
01:20:56.900
they've totally repackaged my pillow, uh, and they've, they've taken and stopped making pillows
01:21:05.240
And they're just retooling one of their big factories just to make surgical masks, 50,000 every day now.
01:21:10.900
And he did it because he wanted to help out and the, the media just bashed him because he dared to mention God
01:21:18.780
and that we should use this time to go back to God and, and study our scriptures, et cetera, et cetera.
01:21:26.740
Uh, and he makes great products when he isn't trying to save the country.
01:21:35.080
I don't know what happened to his business, uh, or what's going to happen to his business as he's just retooled all of this.
01:21:42.600
Uh, and when half the country is told to hate him, he's got a different life in front of him.
01:21:48.960
If you need a pillow, if you need new sheets, would you do me a favor?
01:21:52.800
Would you go to my pillow.com right now and support him and his mission?
01:21:59.180
He's going to be on, uh, my, uh, podcast this Saturday.
01:22:02.560
I spent about an hour and a half with him and, uh, he's got a real mission that he's doing.
01:22:11.940
He, he felt back in the day that he was given this design, if you will, of a pillow, uh, because he was going to have to use that money to do good things.
01:22:27.420
That's on my special, uh, podcast this Saturday.
01:22:30.280
If you're a subscriber to the blaze, you'll get it, uh, tomorrow.
01:22:35.340
Click on the new radio listener specials by one pair of Giza dream sheets.
01:22:45.900
And the more you sleep on them, the more you wash them, the softer they get.
01:22:49.680
It's, uh, the promo code Beck can be used and you'll get two for one by one, get another pair for free.
01:22:58.700
Get the great radio specials now using the promo code Beck at mypillow.com.
01:23:06.720
I want to give you a quick, uh, update here as we, uh, get ready for Stephen Moore joining us.
01:23:12.000
The daily stats, total confirmed deaths now worldwide 43,271.
01:23:21.360
What's amazing is we're now talking about in America alone, a death count over a hundred thousand between a hundred and two hundred thousand just in America.
01:23:32.300
Now we approach a million, eight hundred and seventy two thousand up from seven hundred and ninety nine.
01:23:42.400
We now have 188,000 confirmed cases and 4,000 deaths.
01:23:48.140
That's up 20,000 in, uh, the, uh, case count and up almost a thousand in deaths just in the last 24 hour.
01:23:58.040
We now lead the world in total confirmed cases with 78,000.
01:24:04.560
Although Italy leads the world in deaths with 12,428.
01:24:11.780
Confirmed cases are requiring hospitalization roughly on par with Italy.
01:24:16.660
We, we may have a lot of cases, but not per capita.
01:24:20.580
We are 24th in total confirmed cases per 1 million people with 507 cases per 1 million.
01:24:29.200
Spain has 2,185 cases, more than four times the amount per, uh, million.
01:24:37.480
We are 28th in total confirmed dead, uh, per 1 million with 12 dead per 1 million citizens.
01:24:49.860
Now, here's the thing that we want to transition into with, uh, Stephen Moore.
01:24:54.200
The U S energy industry is on the verge of a massive collapse for the first time in my lifetime.
01:25:01.760
It could be said three weeks ago that the United States was free from all foreign energy.
01:25:09.280
We were energy independent for the first time in my lifetime.
01:25:14.520
We have been trying to get that monkey off of our back forever.
01:25:22.260
Now the U S energy market is on the verge of massive collapse.
01:25:28.560
Here's why Russia and the, uh, Saudis have just been pumping oil.
01:25:36.100
They've been trying to collapse the United States energy, uh, independence.
01:25:45.460
As soon as the airlines started to collapse all around the world, transportation is down
01:25:53.120
So that's why you're seeing gas prices going so low.
01:26:04.560
The world is that they're thinking now that that the price could even go into the negative
01:26:12.580
So they'd pay you five bucks to take the oil because there's no place to store all of the
01:26:19.060
Rick Perry has recommended that U S refineries be restricted now from importing and refining
01:26:24.940
any foreign petroleum products for at least 60 days as a means to help domestic energy producers
01:26:30.840
in Texas, North Dakota, Pennsylvania, and Colorado.
01:26:34.360
I think this is something that as an emergency step, the president should do.
01:26:38.960
If independent energy producers go out of business, we are handing the market back to
01:26:46.820
Rick Perry says it's 1974 all over again in our bailout nation.
01:26:53.780
Now the car industry needs a bailout year over year.
01:26:57.060
Automobile sales in the U S are off as much as 90%.
01:27:08.840
He's the manager of a Ford dealership in Arizona.
01:27:11.440
He said he may have to lay off his entire staff of 48 employees.
01:27:14.840
He said, we hear there are supposed to be government loan programs for small
01:27:18.400
businesses, but that money may be meet weeks away.
01:27:25.340
One other, it looks like in, uh, New York, 40% of renters are not going to be able to
01:27:36.360
make rent this month and it's expected to be worse next month.
01:27:41.320
The problem with that is stick it to the landlord, right?
01:27:45.720
Except the landlord's not getting entry relief.
01:27:49.200
If he's not getting rent, going to be able to pay for all the water, garbage, uh, electricity,
01:27:56.200
everything that it takes to run one of these apartment buildings.
01:28:08.480
I just listened to what you were saying and it is, it is just so catastrophic.
01:28:12.740
I mean, it makes my heart drop to hear these stories about business after business going
01:28:17.460
bankrupt and, you know, it's just, it's heartbreaking.
01:28:21.700
And, you know, I, I can't tell you how many business men and women have called me in the last
01:28:27.900
I can't meet payroll, you know, uh, revenues and customers out of the oxygen supply of the
01:28:37.340
I just, I think this, I haven't talked to you about it recently, Glenn, but I just don't
01:28:42.300
think that this lockdown of our economy is the right thing to do.
01:28:45.120
I think that that suffering, human suffering, the trillions of dollars of losses, the millions
01:28:51.160
of people who've spent the heroes of our economy, the people who've built up businesses
01:28:55.580
from ground floor to, you know, put their whole life into it, to see it ruined in a
01:29:13.560
Um, and the problem is, is, you know, there, there might be 200,000 dead, but if we destroy
01:29:20.400
the engine of the world, if we destroy this and we can't get back online and start really
01:29:28.480
jumping back in, how many millions will die because America is, is, is in wreckage?
01:29:42.680
I was, uh, I apologize for being a little late for your show today.
01:29:45.460
I was on the phone with some of the folks at the White House talking about this and it's
01:29:48.920
a, you know, the president's got some really tough decisions to make.
01:29:51.840
And this is, you know, his true Chilean moment.
01:29:56.520
Um, I think the idea, you know, I live in Virginia.
01:29:59.840
Our governor insanely has said that he wants to keep the economy locked down until the middle
01:30:10.340
There's not going to be an economy left to rebuild in, in, in, uh, in June when, when the
01:30:17.100
I'm going to give you some rays of sunlight here.
01:30:19.220
I had a long conversation, uh, Glenn with one of my heroes, Fred Smith, uh, the CEO of FedEx,
01:30:25.600
one of America's great, great companies, one of our largest companies and biggest employers.
01:30:29.800
And, uh, we spoke for about an hour and he, he has, he's up and running, you know,
01:30:33.840
he, and they're up, they're up and running, uh, not just in the United States, but throughout
01:30:37.200
the world, as you know, they have 350,000 employees in the United States, 350,000.
01:30:42.980
That's like a, you know, pretty medium sized city.
01:30:45.840
And I said, how many of those people, because they've been working for the last six, eight
01:30:52.660
So that's one in a thousand, you know, that's one in a thousand.
01:30:55.680
And what he's saying is they're using all the best practices, the medical practices.
01:30:59.480
They're doing sterilizations and disinfectants and they're wearing masks and they're wearing,
01:31:04.280
you know, wearing gloves and they're doing social distancing in the workplace.
01:31:07.240
And I'm here to tell you, Glenn, I think we can do this in a smart way that reduce the
01:31:13.000
We may have to tolerate some additional deaths, but that's the kind of decision we make every
01:31:20.560
But, uh, you know, there's a rule of thumb, every 10,000, uh, every one percentage point increase
01:31:26.580
And this is a rule of thumb, but it's fairly, uh, you know, accurate historically, every
01:31:30.720
one percentage point increase in unemployment rate is associated with 10,000 additional
01:31:36.220
Some economists are saying we're going to see a 25% unemployment rate in this country.
01:31:39.780
And that's very conceivable if we continue to lock down our economy.
01:31:43.500
So there we've just caught 200,000 more deaths just from raising the unemployment rate.
01:31:48.440
So we have to be very smart about this and calibrated in our decisions.
01:31:52.680
Uh, and, and I just don't think that this idea of there's this trade-off between our economy
01:31:58.280
and our health is being discussed in a responsible manner.
01:32:02.740
So Steven, um, the fed came out with their prediction of 32 and a half percent unemployment
01:32:12.280
And that is, I mean, the height of the depression was, I think, 25%.
01:32:25.600
Well, God, let's, let's pray that that doesn't happen because, you know, then, you know,
01:32:32.240
you're talking, you go back to my rule of thumb, there's about 300,000 additional deaths
01:32:38.120
Uh, and that, and that also, that also is revolution.
01:32:44.640
I, yeah, see, this is what worries me is I think you're going to get, uh, you know, social
01:32:48.680
chaos in that situation when you have that many people unemployed, you're going to, it doesn't
01:32:53.380
look, Glenn, let me, let me start from the beginning here.
01:32:55.400
Cause no, none of the panads of Washington understand this.
01:32:58.240
They keep thinking, oh, we're just going to keep having one, you know, bailout bill after
01:33:02.720
another one stimulus bill after another 2 trillion, 3 trillion, 4 trillion, $5 trillion.
01:33:07.780
And then the fed says, we're just going to keep printing money.
01:33:09.820
And I'm here to tell you, Glenn, it doesn't matter how much money the fed prints.
01:33:14.120
It doesn't matter how many of these rescue plans, how many trillions of dollars they put
01:33:20.380
If the American economy isn't producing, it collapses.
01:33:24.140
It doesn't matter how much money they're there.
01:33:26.400
I mean, they're acting like we only need, this is this, this is the crazy thing, Steven.
01:33:32.240
I don't understand why they just didn't say moratorium on rent and, and mortgages and everything
01:33:39.420
else for, for two months or whatever it is, because what people need to know right now is I
01:33:49.360
I can pay for, uh, you know, the rent and my company doesn't have to worry about their
01:33:54.940
mortgage on their building and those big items.
01:33:58.240
I don't know why we're not covering that because we're not going out in spending.
01:34:04.120
And so all we need right now is just to not lose our place.
01:34:13.480
Don't lose, don't let me lose my restaurant that I've worked my whole life to build because
01:34:24.140
It's happening in neighborhoods, several around the country and, and, uh, towns and, uh, you
01:34:30.020
know, I, is there any talk in Washington about doing anything for that?
01:34:35.160
Well, we just sent out, uh, you know, $1,200 per, uh, adult and $500 per child.
01:34:41.900
And we've got the, you know, the unemployment insurance that is paying people a hundred percent
01:34:49.320
Uh, I, but the problem isn't the aid it's, it's, we need our businesses to
01:34:54.120
be functioning, you know, I mean, yeah, they need to be functioning.
01:34:59.480
You mentioned that, that story about, um, you know, I was listening to what you're saying
01:35:03.500
before I came to the people not paying the rent.
01:35:06.160
I just got up the phone with a woman who owns, uh, apartment buildings throughout the
01:35:14.060
And she says, basically, uh, starting two weeks ago, zero, everybody stopped the rent because
01:35:20.340
the government saying, Hey, you can not pay your rent and you won't be evicted.
01:35:23.040
But if people are making this as well, I'm just not going to pay.
01:35:25.620
Well, think about that means now she doesn't have any income, right?
01:35:31.480
So she has to foreclose on the, you know, on the bank, the loan she has from the bank.
01:35:37.980
I mean, I worried this cascades in a really ugly way.
01:35:41.280
If we don't really get up and running again, yeah, it reorders everything.
01:35:47.000
And the only ones, the only ones that might win are at the very, very top or at the, at
01:36:05.500
Let me just take one minute and tell you about gold.
01:36:10.840
Uh, what do you, what, what is going to be left?
01:36:14.760
Would you please call gold line and do your own homework?
01:36:27.200
We have to stop thinking as nowists and start thinking about thinking of things more as futurists.
01:36:34.960
What are the opportunities that are ahead of us?
01:36:40.600
Uh, and what right now is happening is not as important as what's coming in the future.
01:36:50.160
Now, right now they have all of the, um, all of the, uh, product that you might need.
01:36:56.720
There's a shortage of gold in some places they can ship today.
01:37:00.860
They have it physical gold, one, eight, six, six gold line, one, eight, six, six gold line
01:37:07.900
We break for 10 seconds and back to Steven Moore.
01:37:10.220
So Steven, I, I look at what is being talked about in Washington, D.C.
01:37:34.180
Um, I'm worried that we're already starting down the road of modern monetary theory.
01:37:39.680
Um, and that just leads to the loss of freedom, the loss of our country.
01:37:46.260
If it's not that, how do we, how do we just print all of this stuff?
01:37:52.020
I, and they announced yesterday, the fed announced yesterday, they're buying the federal, uh, or
01:37:57.480
the treasuries back from central banks all around the world and printing cash for them
01:38:04.420
How do we, how, how it's, if we've never seen anything like this before, I mean, the most
01:38:13.500
They're printing trillions, trillions of dollars.
01:38:15.560
And yet here's the mystery to me, Glenn, people are buying 10, 30 year treasury bills
01:38:24.920
No, I heard, wait, wait, wait, I heard the only buyer was the fed.
01:38:28.520
I heard the only buyer was the fed for the 30 year treasuries.
01:38:31.860
Yeah, but you know, the fed can't, long-term interest rates in the economy are not dictated
01:38:39.080
I mean, the fed, if you would, you would think you'd start to see this in rising prices and
01:38:43.880
low, longer, uh, you know, higher long-term interest rates and you're not.
01:38:48.240
And it's, I can't even get my head around this.
01:38:52.820
I mean, it is, it is a bizarre world we're living in and, you know, think we are saved
01:38:57.800
in part by the fact that we do have these long-term rates so low.
01:39:00.880
I mean, I've, I've been advising the treasury to buy, to, you know, to, to refinance all
01:39:05.640
the national debt at, you know, 1.3% interest rates.
01:39:08.860
And, and, uh, because, you know, does anybody in the right mind think for the next 30 years,
01:39:14.380
the inflation rate in the United States can be less than 1.3%?
01:39:20.120
I mean, if we could, if, is Donald Trump thinking about things like that, for instance, I was
01:39:24.580
glad to hear him say, we're buying all this petroleum for our reserves.
01:39:32.560
Are, are they thinking about buying our debt and refinancing all of our debt at a lower
01:39:40.900
Well, uh, you know, I had a piece in the wall street journal about that about two months
01:39:44.220
ago, and I think that it's, it's, it's under serious consideration if we do this infrastructure
01:39:50.460
And, you know, what I would do is suspend the payroll tax for every worker and employee
01:39:54.440
employer in this country for the next nine months.
01:40:07.260
Yeah, he wants to, but you know, the, uh, here's a problem.
01:40:10.980
I mean, Nancy Pelosi really using, using this as a, as an excuse to, to do the green new
01:40:18.540
So that their ideas are all would actually make the economy worse, not better.
01:40:30.660
I mean, I think the American people are with him and they were really disgusted by Nancy
01:40:39.160
So this is exactly what I've advised, uh, president Trump to do.
01:40:43.660
Uh, you know, I was on the phone earlier today with some of the white house officials and
01:40:47.420
I said, look, Trump has to do now what great leaders have done, whether it's FDR or, you
01:40:52.160
know, uh, Reagan or Abraham Lincoln, you know, to go above the head of Congress, to go straight
01:40:59.260
to the American people and say, this is what we need to do.
01:41:19.940
Is there something besides the government that is keeping you from doing the things that
01:41:28.180
Are there things that you just want to do and you just can't anymore?
01:41:32.400
Uh, I, I know pain that is out of control and unstoppable.
01:41:37.440
And you get to a point to where you just can't even play with your kids or your grandkids
01:41:41.700
And that, I mean, that's when you're down to that, it's like, is life even worth living
01:41:48.380
What, how am I going to deal with this the rest of my life?
01:41:54.060
And my wife said, you, you've tried everything.
01:42:04.120
If it's not coming from the bottom of the ocean in some sort of petroleum, well, it can't
01:42:08.120
But anyway, I tried it and I said, I'll just take it for three weeks.
01:42:12.960
And I continue to take more and I continue to take more.
01:42:16.840
I take it three times a day, every day because it works.
01:42:32.220
Arguing with Socialists is the new book from Glenn Beckett.
01:42:35.500
You should pre-order it now at amazon.com or glennbeck.com.
01:42:51.680
Eastern, our response to the coronavirus has crippled the economy.
01:42:57.800
But there's one group of Americans who stand to profit off of America's demise.
01:43:02.040
The incompetence of Donald Trump is on dangerous display.
01:43:07.960
Americans need to fight together, turn the economic engine back on, and ask what's more dangerous?
01:43:24.540
He was just on the phone with White House Economic Advisors trying to work his way through all of this.
01:43:31.600
Stephen, what are we expecting for the unemployment numbers tomorrow?
01:43:44.220
You know, it's amazing because I think Friday we come out with the new unemployment rate numbers.
01:43:50.560
I think Thursday we get the new unemployment insurance claims.
01:43:57.120
We're going to see, you know, a million more people signing up for unemployment insurance.
01:44:03.200
So you don't think it will be bigger than last week?
01:44:10.440
I think we'll go from, we have, what, three million something last week, and I think we could get five million this week.
01:44:17.000
Hard to tell, I mean, how fast people sign up for these benefits.
01:44:20.580
But, you know, I mean, look, it's very simple, folks.
01:44:25.800
I don't know why AOC and so forth don't understand that.
01:44:29.380
But, you know, they keep demonizing businesses in that aid pack.
01:44:34.260
I mean, I'm the biggest, I hate corporate welfare and I hate business handouts.
01:44:38.380
But you've got to give some loans to these businesses so they don't go bankrupt so they can be up and running when we get through this.
01:44:46.120
So when you look at the unemployment, new claims at five million maybe, what kind of number is that?
01:44:56.460
We went from the lowest unemployment in 50 years, 3.5 or 6.
01:45:02.200
What are we looking at when that new number comes out this Friday?
01:45:05.960
You know, I almost feel like this is some bad nightmare that I'm going to wake up from.
01:45:11.220
Because it was just a month ago, it seems like 10 years ago, that we had the best jobs report, you know, ever.
01:45:16.460
We had 350,000 jobs in February with counting the revisions from the previous months.
01:45:21.620
We had the lowest unemployment rate in 50 years.
01:45:25.160
We had the Federal Reserve Bank was saying we're going to 3% to 4%.
01:45:29.060
Now we're just booming and now we hit this wall and it just, it depresses me.
01:45:32.760
I'm sorry I'm so depressed this morning, but I just, I feel so horrible for our country in terms of the, you know, misery that this is going to cause people.
01:45:43.360
I want to get us up and running again because, you know, people, it's horrible.
01:45:47.480
When, you know, I'm a, I know you run a business.
01:45:52.700
We had about 30 employees and we had to lay them all off this week, Glenn.
01:45:56.640
And that's just a heartbreaking thing to have to do, but we don't have any money.
01:45:59.760
How can we pay people if we don't have any revenue?
01:46:01.580
So, Stephen, is there, is there a point to where if we could print enough masks, you know, make enough masks, get everybody, you know, to wear them, wear gloves, you know, practice safely.
01:46:22.660
Is there a chance in the next four weeks that we could go back to work and we would see the engine just flame up?
01:46:30.960
Because I think there'd be a lot of people that would be, you know, there's a lot of pent up spending and creativity and everything else.
01:46:39.280
When does that, when does that flame kind of, do you worry, go out and we're at a point of no return?
01:46:46.620
Yeah, that is my worry where, you know, you get this cascading effect where, you know, once a business goes bankrupt and has to sell their assets, but a good business doesn't exist anymore.
01:47:01.440
So that's why I keep telling the White House every week that you, you know, that you keep the economy shut down.
01:47:08.040
This is not like a fine-tuned engine where you can just click the ignition, it starts up again.
01:47:16.620
Look, I have nothing but respect for the resilience of the American people, the American workers, and especially our great entrepreneurs.
01:47:24.700
And hopefully, Glenn, you know, six months from now when you and I are talking, we're only talking about coronavirus.
01:47:31.740
And all I'm saying is every day that goes by with this shutdown, it gets harder to start it up again.
01:47:37.360
So, Stephen, the frightening thing for me is, you know, FedEx is going to be fine.
01:47:49.680
All of these big, huge businesses are doing fine.
01:47:53.140
But anyone with brick and mortar, anyone who is on a small level, are they going to – is there anything that is, you know, coming for real significant relief for like that?
01:48:09.600
Even that woman who owns those apartment buildings, she's not rich, but I can guarantee you she's not going to be eligible for the $1,200 check.
01:48:21.760
Who's helping the people who are trying to make the basic payment on their building, on their equipment, and just can't do it until the engines turned on again?
01:48:36.200
The United States government told them to turn it off.
01:48:47.160
And, you know, this woman I talked to said, well, she thinks she can get through the next few months.
01:48:51.780
You know, but what if people don't start paying their rent?
01:48:54.160
You know, it's one thing for if they don't pay their merchant rent, maybe not their April month rent, and maybe even not their May rent.
01:49:01.340
But then you go past that, there's no revenues.
01:49:03.000
Again, this is the oxygen supply of any business.
01:49:06.900
So, you know, I do think we can get this thing going again.
01:49:10.800
And we've got a great leader of Trump on the economy.
01:49:13.660
I'll give you one example, one of the things I'm in favor of.
01:49:16.100
I mentioned the payroll tax suspension for the rest of the year.
01:49:19.220
Why don't we put a suspension, a blanket immunity from lawsuits for every business in America for the next year so that when they put people back to work?
01:49:27.700
Because I've talked to employers saying, I'm afraid to bring our, I want to bring my employees back to work, but I'm afraid of lawsuits if they get sick.
01:49:34.520
So why don't we have a blanket immunity so that, you know, let's say you employ me, Glenn, and I assign the document that says, I'm willing to go back, and you say I'm willing to hire you, but there's no lawsuits, you know, in case I do get sick.
01:49:45.500
And that way you'll encourage, we want to get, and look, the American people want to get back to work.
01:49:55.700
The $2 trillion in infrastructure bill, phase four of this, Donald Trump is saying, he's saying, you know, the interest rates are at zero, so now is the time to borrow.
01:50:07.880
And so we're going to, we're going to borrow $2 trillion.
01:50:12.200
I think that number is kind of going to go up, but that's a stunning, stunning number to come out with to start the negotiations with Nancy Pelosi and Chuck Schumer.
01:50:23.280
Is, is that because the president is seeing the future and knows that we, he needs to get ahead of this because the news is going to be shocking.
01:50:41.240
Uh, I, I, I, my, you know, I worked for the Trump during the campaign.
01:50:44.340
I've worked with him, uh, you know, as an informal advisor and he, I find when it comes to the economy, he, not always, but most of the time makes very wise decisions.
01:50:55.180
Uh, you know, look, the problem with this infrastructure thing, and there's something to what Trump is saying is it's if the people are going to lend us money for free, now's not a bad time for the government to be borrowing.
01:51:03.740
Although we've been doing a hell of a lot of it already.
01:51:06.060
Uh, but you know, the problem with this issue of infrastructure is when you and I say infrastructure and the left says infrastructure, we're talking completely past each other.
01:51:14.540
So what I want to see in this country, yeah, we should fix the roads.
01:51:19.040
We should modernize our airports and our ports.
01:51:21.460
And we need pipelines in this country so we can get all the oil and gas to the markets that we need to.
01:51:26.580
So we could be exporting this stuff at a faster pace.
01:51:30.800
They want energy subsidies, they want public transit projects, they want, uh, you know, things of that nature that don't really add much.
01:51:38.700
And they, of course, the union wages for all of these, you know, jobs that require, you know, 30, 40% higher costs of the projects.
01:51:46.020
So, uh, you know, I, I worry that this becomes, you know, uh, pardon the pun, but a railway train of spending that doesn't really accomplish much.
01:52:05.120
So in Texas, you build your cost of building a mile of road.
01:52:09.380
It's about one half the cost of what it is in California and New York.
01:52:17.860
You don't have all these crazy, you know, union work rules, regulations, so on.
01:52:22.500
So if we're going to build the infrastructure, let's do it the way Texas does and not the way New York does it.
01:52:29.720
Let me ask you while we're on Texas, the oil situation.
01:52:33.120
Is it possible for the president to tell refineries, no more foreign oil for the next 60 days, just to keep our energy independence?
01:52:45.940
Well, I'm afraid these oil companies and the shale and everything else, they're just, they're not coming back.
01:52:56.000
Gosh, this is the toughest question you could ask me.
01:52:58.400
I've been, this is keeping me up at night too, about what do we do?
01:53:01.040
And some of my best friends in the world, my friend Harold Hamm in Oklahoma City, who really was the kind of inventor of the oil fracking process and the horizontal drilling and, you know, the Bakken shale there that became one of the biggest oil fields in the world.
01:53:16.860
And they're just shutting, he said it, we're shutting just about everything down.
01:53:22.080
And, you know, the price is as low as it's been in 40 years.
01:53:26.000
And, you know, we may see an oil price go below $15 a barrel, which would be, you know, then you're talking about every, virtually every well in America closing down.
01:53:39.080
First of all, if we're going to do something like that to keep out the foreign oil, then what we ought to do is not just basically have a $25 barrel import fee, right?
01:53:49.240
Even though we could use that money to pay for the infrastructure.
01:53:51.520
So, yeah, you know, if the Saudis and the Russians want to keep cutting the price to cut off, you know, to cut off the knees of our producers, let's slap them with a huge import fee.
01:54:01.240
And why not use that money to help people here?
01:54:04.400
And by the way, that would raise the price for our domestic producers.
01:54:07.000
Right. I would just hate to see us lose our energy independence.
01:54:13.580
That, to me, is, that was a huge accomplishment.
01:54:17.220
And not even foreseeable when we were talking, you know, under Barack Obama.
01:54:23.640
They had done everything they could to destroy it.
01:54:29.420
I mean, this was one of the great advances of our decades was the fact that we were the number one oil gas producer in the world.
01:54:49.540
I want to talk to you a little bit about Omaha Steaks.
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01:56:16.380
If you just joined us, ooh, you missed a hootenanny with economist Stephen Moore.
01:56:40.240
Holy cow, go back and listen to the podcast today.
01:56:42.960
It is a don't miss, don't miss interview with Stephen Moore.
01:56:49.740
Well, it won't, it won't help you improve your mood much.
01:56:53.680
Let me just, I should just throw that one out there.
01:56:58.920
Think of the things that we have gone through and think of the things that we all thought were going to kill us.
01:57:05.840
We thought we wouldn't make it past the Obama administration.
01:57:11.160
I've been thinking the economy would collapse for how long?
01:57:16.160
We're going to be wrong about this one again, because something's going to happen.
01:57:21.540
America always surprises the world, because there are 330 million, well, there's 150 million of us that are thinking and care and want the American dream to last.
01:57:38.320
By the way, we're trying to, we want to do everything we can to help you.
01:57:45.460
We have, if you've seen how we have grown over the last couple of years with the blaze, you know that we are making a huge impact now in society.
01:57:57.240
Uh, we're only behind Fox as the largest conservative news group, I believe in the world, um, only behind Fox news.
01:58:08.240
If you've helped us build this, uh, by becoming a subscriber to blaze TV again, thank you.
01:58:15.340
Uh, if you are still on the fence, we need you now more than ever.
01:58:22.400
And so we're not just asking you for something.
01:58:26.280
We have cut it to the very bone because we want to make sure that while you can, you know, you think about what the next year is going to take.
01:58:37.100
We have figured out a way to make this about $5 and 80 cents a month.
01:58:41.780
If you buy, um, a year subscription, so you'll get $30 off right now.
01:58:49.500
Um, and if you have that money right now, we ask that you would put it towards your subscription blaze TV.
01:58:56.000
So we don't lose each other over the next year as these storms come and go, because there's a lot of stuff that we have to cover.
01:59:02.800
There's a lot of stuff that we're going to be watching and monitoring.
01:59:06.360
Uh, and we need to stay in touch with each other.
01:59:09.660
Uh, and quite honestly, I don't know what the future brings.
01:59:15.920
I don't know what the delivery systems are even going to be.
01:59:20.960
What's going to endure, uh, God help these big networks and they deserve.
01:59:26.860
It couldn't happen to better people, but, uh, God help them.
01:59:34.140
Now blaze tv.com slash Glenn use the promo code Glenn save $30 right now.
01:59:42.880
And we'll see you tonight at nine o'clock with our special on the media and economy.
01:59:47.200
And we'll see you tonight at nine o'clock with our special on the media and economy.