Best of The Program ｜ Guest： Bill O'Reilly ｜ 3⧸13⧸20
Episode Stats
Words per Minute
151.93594
Summary
Glenn Beck, Lara Logan, and so much more, including Bill O'Reilly's bizarre interview, a coronavirus update, the Fed's $500B pledge to keep funding the markets, and much, much more.
Transcript
00:00:00.000
Hey, welcome to the program. We've got quite a, we got quite a jam-packed program.
00:00:05.660
Stephen Crowder joins us today. We start the show talking about fear-mongering and
00:00:10.860
where is the line of fear-mongering and reacting appropriately to this.
00:00:17.400
Also, Bill O'Reilly, in kind of a bizarre interview, we spent some time on coronavirus
00:00:22.020
and he said something, and I'm not going to tell you in advance what it was,
00:00:24.980
he said something that really jumped out both me and Stu.
00:00:27.540
And about 20 minutes after the interview, we both looked at each other and said,
00:00:30.820
hey, he said something that was really disturbing, and we both knew we're talking about the same thing.
00:00:36.180
Also, the Fed pledges more than $500 billion to keep funding the markets.
00:00:41.440
A coronavirus update, Lara Logan, and so much more, including Stephen Moore, all on today's podcast.
00:00:57.540
You're listening to The Best of the Glenn Beck Program.
00:01:01.820
All right, let's take a look now at our coronavirus update.
00:01:15.900
Well, total for confirmed cases worldwide, 138,000.
00:01:22.640
The Western deaths now are, sorry, the Western numbers are starting to get into hyperdrive.
00:01:31.840
We're now starting at the beginning of that curve that is almost straight line up.
00:01:36.920
Total confirmed deaths worldwide is up about 400 people yesterday.
00:01:43.100
Total confirmed recoveries worldwide is up 2,000 from yesterday at this time.
00:01:48.600
132 countries have now confirmed cases, up from 125.
00:01:56.420
Nine percent of active cases are considered serious.
00:01:59.520
This is the best news about it, and you're not hearing anything about this.
00:02:07.560
Now, that is confirmed cases that are considered serious, requiring some sort of hospitalization.
00:02:22.820
That's great news, and only 3 percent of the patients are requiring ICU.
00:02:27.740
The U.S. now has almost 1,800 confirmed cases, 41 deaths.
00:02:32.120
That is up about 500 cases, 38 confirmed deaths yesterday.
00:02:37.340
In the U.S., only Alabama, Alaska, West Virginia, and Maine don't have at least one case.
00:02:43.220
We're now closing schools in at least six states.
00:02:46.420
I think this is, if you are one of the school administrators and you are meeting, the smartest thing you can do right now is just say,
00:02:55.800
you know what, kids, coming back from vacation, spring vacation, spring break, take another week.
00:03:02.360
That's what our kids' school has just done today.
00:03:08.960
It's going to be hard on parents for multiple reasons.
00:03:14.460
I mean, do you want to spend the day with your kids?
00:03:16.260
If we are all locked up, do you know how many kids are going to die?
00:03:30.260
All public schools in Ohio, Michigan, Maryland, Kentucky, and New Mexico were told to close beginning next week.
00:03:37.440
Schools in Washington, California, and New York may join in by Monday.
00:03:41.660
The proposed length of closures range from one week to four weeks.
00:03:46.880
Some schools shifting to at-home reading plans.
00:03:50.120
Others offering partial lessons via live video conference or recorded video lectures.
00:03:55.460
The top Ohio official estimate now says at least 1% of Ohio's population is infected with SARS-CoV-19.
00:04:08.020
The exact statement is we've had 11 million people here in the state.
00:04:13.700
So the math is now over 100,000 that have this.
00:04:17.240
This is according to the Ohio Department of Health Director, Dr. Amy Acton.
00:04:21.780
The rate on spread and fatality prompted her to recommend closing all schools in Ohio by today.
00:04:30.660
She said that gives you some sense of how this virus spreads and is spreading so quickly.
00:04:39.420
The virus is already, you know, with someone you know.
00:04:45.060
We are way, way behind, and that's because symptoms don't show up.
00:04:50.580
Now, the closings are Fast and Furious 9 been pushed back.
00:04:55.200
College has canceled almost all throughout the country.
00:05:00.620
I'm worried about the Fast and Furious 9 thing.
00:05:02.920
Because usually they come out like every three months.
00:05:05.000
So that means 9 would be pushed like behind 12.
00:05:10.740
You're going to understand 10 and 12, you know, if you didn't see 9.
00:05:23.500
Live Nation calls for a postponement of all large-scale music events.
00:05:37.560
Anybody who says, this is just a conspiracy, everybody's overreacting.
00:05:46.400
No one closes Walt Disney World, Disneyland, Tokyo, Paris.
00:05:54.160
Let's just light billions of dollars on fire to make a point eight months before an election.
00:06:03.440
And also, no one is pressuring these gigantic companies to do that.
00:06:13.080
I mean, if anything, Disney leans on officials.
00:06:15.920
Well, there was a report that that happened in California.
00:06:23.460
You might say there's an outbreak in Anaheim or whatever in California.
00:06:29.480
It's not good to have all these people traveling in.
00:06:31.480
And Disneyland, but not Disneyland, Disney World, Disney Tokyo, Disney France.
00:06:37.120
And I think I do think they're, you know, the administration is probably making clear what their preference is.
00:06:49.260
I mean, India quarantined itself off from the rest of the world.
00:06:56.320
This is the biggest problem here is that people think you're overreacting.
00:07:01.460
And when we get to the end of this, hopefully it will appear as though this was a massive overreaction.
00:07:08.920
Because the idea of keeping everyone at home and closing these things is so that it doesn't become this huge thing.
00:07:18.120
So if we're successful, everyone will say, that was, see, look, Donald Trump overreacted or you overreacted or the meat, whatever.
00:07:32.380
And the way to prove us wrong is to stay home, but not be crazy about it.
00:07:47.200
That's what's being that's what's actually being closed all around the world and elsewhere.
00:07:52.540
The the director of the National Institute of Allergy and Infectious Diseases appeared Thursday to downplay the hype surrounding a congressional doctor's estimate.
00:08:06.260
A congressional doctor came out and said about 70 million to 150 million coronavirus cases could happen in the next year here in the United States.
00:08:17.560
Well, the director of the National Institute said, OK, well, that's based on a model.
00:08:23.100
And I'd love him to give this lecture to all the the, you know, computer modeling scientists for the weather trends and the climate over the next hundred years.
00:08:36.700
And those things can change and be wrong quickly.
00:08:42.600
Let's just remember that it could be satellite images today.
00:08:47.560
They appear to show mass graves in Iran where they have thousands of covid-19 victims.
00:08:58.300
He is distraught and just doesn't know what to do.
00:09:12.360
I can't give her the honor she deserves because there are no institutions that will now take her body at this point.
00:09:19.420
I've contacted everybody, but no one will give me an answer.
00:09:24.500
Italy's case fatality rate is still over 8% of all confirmed cases.
00:09:30.620
Apple has now reopened all of its stores in China.
00:09:35.300
Perhaps it's an indication of this, too, shall pass and it will.
00:09:48.480
This doesn't mean that we are all going to die because we're not.
00:09:52.900
What we have to worry about and and police our own selves is don't spread it to other people.
00:10:01.780
Try not to get it by being around other people.
00:10:08.980
What we're worried about is the overwhelming of the health care system.
00:10:15.360
If people get sick and have to go to the hospital, we are not good.
00:10:20.220
People are not going to find this pleasant if you are put on a cot in the middle of a gym or in some, you know,
00:10:30.120
Astrodome kind of situation like we had after Katrina.
00:10:36.880
And that's what it's going to be, not major death, but just a major disruption to our health care system.
00:10:48.560
May I just say before we take a quick break, Stu.
00:10:53.780
I was concerned with Bill O'Reilly because I've never heard him talk this way about, you know what this is.
00:11:01.040
No, he said this is not a wake up call for America.
00:11:03.460
This is a demand that we reevaluate our lives and reassess and realize we're way off track with God and our priorities.
00:11:21.740
Because Bill, I mean, every time because you go into these rants, you're like, we need to stop and think about where we stand.
00:11:33.540
He always kind of brings it back to the sort of pragmatic level.
00:11:38.000
What can we glean from what information we have?
00:11:42.380
That was like he went all like new age on us for a second there.
00:11:46.300
Like he stepped back and he was like, you know, this is something that just makes you think about the way you're living your life and what are your priorities.
00:11:52.360
And like, that's not normal Bill O'Reilly speak.
00:12:05.800
And I think that I think this is a demand from the heavens.
00:12:16.100
This is not, and I don't want this to be twisted in any way, even though it will be, but I want to be on the record right now.
00:12:27.500
This is just a situation that reminds us that the most important thing about our country is the freedom of the individual and the rights for that freedom that have been given to us to protect.
00:12:47.860
And in my opinion, unless we recognize our role and stop, it's not like we're even chasing God out of the square.
00:12:59.780
We are intentionally breaking all of his basic rules.
00:13:06.240
All of his basic rules are just thrown out the window, and we've become proponents for the opposite of what God has taught.
00:13:20.440
And it's why we were we were doing the thing in in Gettysburg this this summer, and we'll have some news on Gettysburg for July 4th.
00:13:43.100
That is, those of us who understand the role this land plays and the role and the importance of this land for the freedom of all mankind, we must turn back around and pray, Lord, heal our land, heal our people, heal our differences, bring us back.
00:14:04.680
We will do what we have to do to live a righteous life.
00:14:09.220
We need to, as Bill O'Reilly said, it's a demand to reassess your life and reorder your life.
00:14:16.660
And in the end, this could be the best thing that happened to us if we care to save the republic, because perhaps we go back and remember that this isn't about politics.
00:14:31.080
It's about being decent and honorable and working for a better future for our kids.
00:14:41.420
You're listening to the best of the Glenn Beck program.
00:14:54.460
It's Friday, which means we check in with the one and the only Bill O'Reilly.
00:15:03.020
I mean, if he would have been around, it would have been 13 angry men.
00:15:12.520
So, Bill, I'm really anxious to hear, because there seems to be a split in America where we've lost all nuance.
00:15:20.080
This coronavirus, it is a really bad thing for the overwhelming of our systems, and it's going to be tough to get through.
00:15:33.040
In fact, if you want that, you can go to Los Angeles and live on the streets and pick that up.
00:15:38.820
People say, this is all hype and overhyped, and there's nothing to it.
00:15:47.280
And other people buying toilet paper like crazy.
00:15:52.840
Well, you've got to break this story down into about four categories.
00:16:08.800
It doesn't matter whether it's a virus, it's Godzilla.
00:16:12.120
I mean, when you get overwhelmed and you feel you don't have any control, you panic.
00:16:32.560
I'll go through those four categories you just gave me.
00:16:46.080
Now, if they're ill, they take them to the hospital.
00:16:52.860
When they take them to the hospital in New York City, largest city in the country, they
00:17:02.200
So there's no problem in this mammoth city with testing people who have symptoms of the
00:17:12.240
So when you hear CNN go, there aren't testing kids.
00:17:16.460
Where there is a problem is if you do a walk-in clinic.
00:17:20.820
So you go into a health clinic and you say, well, I'd like you to test me because I'm
00:17:28.060
If you have a personal physician, they should have the kits.
00:17:40.340
If you're out in the middle of the country, your hospital will have the kit.
00:17:44.540
But one of the things I think people misunderstand is you can't go in and demand a test.
00:18:01.460
There are a lot of people who are so paranoid, well, I'm going to get tested.
00:18:04.320
And then if it tests negative, it was like AIDS.
00:18:11.300
So if you're calm and deliberate, you can get what you need in this medical area.
00:18:20.320
I think that Tom Hanks is kind of like, you mentioned AIDS, the Rock Hudson, where this
00:18:27.040
People are going to start to go, oh, wow, so regular people are getting this.
00:18:30.860
And, I mean, he's got a lot of protection, and he got it.
00:18:37.860
I'm hoping and praying that he's not hospitalized from it.
00:18:41.840
Well, yes, he's being treated in Australia now.
00:18:45.120
I've been following this story not because he's Tom Hanks.
00:18:50.440
But I'm following this story because the most important part of this story has not been
00:19:28.340
But here's the most important thing I'm going to tell you today.
00:19:32.940
This is, you know, the old cliche, this is a wake-up call.
00:19:39.500
What this is, is a demand for you, the American citizen, to reassess your life.
00:19:51.460
Because tomorrow, you have no blanking clue what's going to come.
00:19:54.800
So nobody in January, early February, ever in a million years thought that this was going
00:20:01.280
to sweep the nation and affect every single person.
00:20:07.400
So I'm saying to everybody, listen, this is happening for a reason.
00:20:14.060
The reason is that we have become so secularized and so polarized as a people that we're now
00:20:24.160
We're not doing the right thing in our personal lives.
00:20:30.740
Because tomorrow, you can be run over by a semi.
00:20:34.500
And you are not guaranteed anything in this life.
00:20:39.520
And that's the message that all Americans should be thinking about.
00:20:43.140
And you've got to live every day in an honest way, a compassionate way.
00:20:49.600
I haven't really deviated here on Long Island where I am.
00:20:57.720
I'm not going to sporting events because they're not existing.
00:21:06.280
But I'm not going to let it ruin my life and change my outlook on America.
00:21:11.380
And that's the most important thing that everybody can take away from this.
00:21:24.400
Again, this is the lack of nuance in the society.
00:21:32.200
But at the same time, there are people that are trying to politicize this and make this as a way to make sure that Donald Trump never gets in.
00:21:49.100
So, the federal government doesn't have a magic wand, even though Joe Biden would have you believe that it does.
00:22:04.080
Number one, he isolated China from travel to the United States.
00:22:08.120
And he also put barriers on South Korea and Japan.
00:22:15.740
Gets no credit from the mainstream media for doing it.
00:22:19.740
Number two, he basically now doesn't know what to do.
00:22:33.560
It's not like he's standing around going, gee, I don't know what to do.
00:22:42.800
So, he makes another smart move by saying to Europe, because you have open borders and
00:22:48.760
anyone can walk from Turkey to Sweden, all right, infecting everybody along the way, we're
00:23:02.640
Okay, so, you know, he's a human being, although some people don't believe that he is.
00:23:10.960
And the second thing was, he didn't explain the Europe travel ban as well as he should
00:23:17.300
Because if you're an American in Europe, you can come back.
00:23:20.620
You just have to go into a system where they're going to test you.
00:23:29.640
I know, but it was implied and I understood it.
00:23:38.380
And you, the American voter, can make up your mind whether that's enough or it isn't enough.
00:23:44.340
President Trump's main job is to calm the nation.
00:23:52.980
The only thing we have to fear is fear itself, all right?
00:23:56.080
He's talking to America and that line has tagged him, his legacy.
00:24:04.020
We were right in the middle of the Depression and people didn't have supper.
00:24:17.480
So, FDR basically said an untruth in his inaugural address.
00:24:37.220
But we want everybody to be as normal as possible.
00:24:42.420
Segway into the Media Democratic Party Alliance, which we've gone over on your program.
00:24:54.720
Immediately after the coronavirus panic hit in America, they came up with the strategy,
00:25:11.680
In the Wall Street Journal, not a friend of Donald Trump.
00:25:14.620
Quote, Trump's announced travel ban on Europe beyond surprising European capitals deepens
00:25:29.000
Everybody knows that Italy is closed down and there are no barriers for people traveling
00:25:35.220
So by stopping travel, he did the right thing for America.
00:25:38.980
F you, Wall Street Journal, because you are liars.
00:25:46.460
So you turn on the television, the hate Trump network, everything he does is wrong because
00:25:51.180
they want this to be the knockout punch on Trump.
00:25:57.020
And I am covering him fairly on BillOReilly.com back.
00:26:10.960
Give me one specific that you would do differently than President Trump.
00:26:16.480
In a in a 17 minute address, I get no specifics.
00:26:21.320
What I do get is the giant federal government is going to chop this problem, not only in
00:26:27.300
the USA, but all over the world, because we're going to get cooperation.
00:26:33.960
And when we get cooperation, that's going to wipe out the coronavirus.
00:26:38.580
Is that the biggest bunch of crap you've ever heard?
00:26:40.940
You know, it's going to wipe out the coronavirus.
00:26:42.600
The free market system in these pharmaceutical companies that everybody has hated for so
00:26:46.980
long, they are going to they're going to defeat the coronavirus.
00:26:54.660
But in the meantime, this is being used to try to destroy Trump, not work together,
00:27:03.340
Let's try to get mitigate the panic and try to set up a system where people have confidence
00:27:38.680
I want to give you something that I don't think anybody is really talking about today because
00:27:50.760
We've been talking about what the Fed has been doing with what's called the repo market.
00:27:57.260
And what this is, is a there's a like it was used to be called the discount window.
00:28:02.560
If a bank was in trouble, they could go to the discount window and they could get money
00:28:08.880
They have to have law says you have to have enough money, enough enough money in the vault
00:28:18.140
You have to be able to cover all of your debts.
00:28:25.840
This discount window was never opened by banks unless they were in real trouble.
00:28:32.720
The Fed always had it, but it was a special line you would go into and it was known so
00:28:38.940
all the banks could go, oh, that bank is in trouble.
00:28:42.040
OK, and when that bank was in trouble, then people would.
00:28:46.340
I mean, it was really it was a high risk thing.
00:28:49.020
You only went there when you were really in trouble and it could cause you more trouble
00:28:53.380
if you went to that window because everyone would know, OK, there's there's trouble with
00:28:59.160
But they did that for a reason to make sure people were really responsible with the money,
00:29:04.340
the banks and to let everybody know, hey, there's there's trouble here with this particular
00:29:14.360
They just open up the discount window and anybody can go for any reason.
00:29:22.120
Federal Reserve Bank of New York announced it's issuing 50 billion dollars, an overnight loan
00:29:28.080
or repo agreement between itself and a member investment bank in New York.
00:29:33.260
The Fed had been participa participating in the overnight lending market between banks since
00:29:41.180
But 50 billion dollars on one night to a single bank is something that has never happened before.
00:29:48.400
And for that matter, we don't know that this has ever happened since March 12th.
00:29:58.580
Now, I'm obviously reading to you a headline from 2008.
00:30:05.480
The Federal Reserve announced it's willing to issue a 50 billion dollar overnight loan.
00:30:10.400
March 12th, Moody's downgraded Bear Stearns stocks and bonds to B to C grade, effectively
00:30:19.620
Accountants that night calculated that Bear Stearns had less than three billion dollars
00:30:23.800
in total cash assets versus eighty two billion dollars in liabilities.
00:30:28.380
So not enough cash on hand to open their doors.
00:30:32.300
The next morning, stocks crashed from forty dollars a share to less than ten dollars a
00:30:37.260
share before the regulators took the stock off the exchange.
00:30:40.920
Within two hours, JP Morgan had agreed to buy Bear Stearns for less than two dollars a
00:30:45.760
share, leveraging a one percent loan from the Fed to facilitate the purchase.
00:30:54.500
history until Lehman Brothers collapsed in a very similar fashion shortly thereafter.
00:30:59.580
Now, we all remember and recognize the names and the situation of Bear Stearns and Lehman
00:31:05.700
Brothers, two giant investment banks that were caught with their pants down when the
00:31:10.860
housing market and the CDO market fell apart in 2008.
00:31:16.720
But for the most part, what we don't know is that for both banks, there was an attempt
00:31:22.260
to save them in both cases the night before the two largest and most prestigious investment
00:31:30.680
The Federal Reserve Bank of the United States had attempted to give them huge loans, tens
00:31:35.600
of billions of dollars to try to bail them out each.
00:31:52.980
Last night, the Federal Reserve announced its largest ever overnight lending program, larger
00:32:00.560
than the attempted repo loan that was to have bailed out Bear Stearns in 2008 by a factor
00:32:09.820
The Federal Reserve last night loaned more than five hundred billion dollars into the overnight
00:32:19.080
That's where the banks show up to borrow some money because they don't have enough cash on
00:32:36.260
Now, there are only a few banks that could possibly be measured to have liabilities or cash
00:32:42.460
needs in the five hundred billion dollar range.
00:32:46.580
Morgan Stanley, JP Morgan, People's Bank of China, Mitsubishi Financial, Bank of America,
00:32:53.200
Deutsche Bank, the largest banks in China, the largest banks in Japan, the largest bank in
00:33:02.840
There is a precedent for covid-19, the Spanish flu of 1918.
00:33:07.400
We know how to navigate those waters, but there is no precedent in world history for a bank
00:33:15.660
lending five hundred billion dollars to another bank in one night to cover the market losses.
00:33:25.160
Five hundred billion dollars is larger than the annual GDP of most nations on planet Earth.
00:33:41.460
In 2020, based on what the Fed did last night, what is it that we're hearing?
00:33:55.520
They're telling us the banks are good and they probably are.
00:33:59.120
But a five hundred billion dollar overnight loan is unprecedented.
00:34:16.680
And I have been going back and forth and really praying hard.
00:34:23.980
Because I am a guy that always sees the problems.
00:34:27.480
I see the holes in the, you know, in the Titanic after we leave the iceberg.
00:34:32.860
I I see the problems and I usually see them ahead.
00:34:38.040
Once that hole is in the iceberg, I'm one that is better at not making people panic and saying we're going to make it.
00:34:49.200
I've warned you for a long, long time that we're going to have real problems.
00:35:00.340
Everything intellectually in me, everything that I know, all the history that I have of looking at these things, everything in me says this is.
00:35:17.460
But I don't have any feeling of dread or doom or panic whatsoever.
00:35:26.220
That's unusual for me because I'm usually the one going, don't you see?
00:35:51.200
All I know is I can just tell you the facts and I can also tell you, don't panic.
00:36:02.640
But I also need to tell you at the same time, unprecedented things are happening and I can't tie them all together yet.
00:36:11.780
Something is off and I just don't know what it is.
00:36:14.920
And I would sincerely ask for your prayers, ask, ask for your prayers for everyone on this show and everyone who advises me.
00:36:26.380
And most of all, me, that I figure out what the heck is that I don't doubt and that I have enough humility to actually hear what I'm supposed to tell you every day.
00:36:46.400
We're not all going to die from the Corona flu.
00:36:53.580
But on the other hand, we are we are facing headwinds that I haven't seen in my lifetime before.
00:37:08.620
And and I would just ask for your prayers and I would ask you to do one more thing.
00:37:20.500
We know that the press is not telling us the truth.
00:37:23.980
This is the time where we all need our credibility.
00:37:28.540
So nobody is trusting what they say because they have never told the truth about any of the good things about Donald Trump.
00:37:37.820
It's all everything that he does is just the worst.
00:37:48.540
And you have to tell people, look, we're going to lose people.
00:37:52.520
And if we lose one percent, which is a hopeful number, if we just only lose one percent of everybody who gets the coronavirus, it's going to be bad and it's going to hurt all of us personally.
00:38:06.020
But we're most of us going to make it through it.
00:38:14.600
There's two things you need to worry about the overwhelming of the system because people panic, the overwhelming of our medical staff.
00:38:22.260
And the best thing that we can do is take care of each other.
00:38:33.360
Make sure that you just call each other or FaceTime each other.
00:38:36.820
Just do the things that all of our churches taught us to do.
00:38:41.620
Don't wait around for the government to tell you to do things.
00:38:44.900
You do them because in a free society, we have a responsibility to not be reckless with our health or other people's health.
00:38:55.500
Their health is is you might not get sick, but if you've been exposed and you're getting somebody else sick, you're part of the problem.
00:39:04.680
We all have to make sure that we are doing the right thing.
00:39:08.360
For, dare I say it, the collective, but in the way that we all understand it, we are all free individuals.
00:39:19.520
Now let's step up and exercise our responsibility to also be e pluribus unum.