The Glenn Beck Program - Best of the Program ｜ Guest： Heather Mac Donald ｜ 5⧸2⧸23

00:00:00.240 Good ol' Bleep.

00:00:01.320 Good ol' Bleep.

00:00:02.560 What's Bleep doing today?

00:00:06.200 I love this attitude.

00:00:08.660 Love this attitude.

00:00:10.960 Makes me happy.

00:00:13.080 We've discovered a new attitude.

00:00:16.480 Changing the way not only the show is going to be,

00:00:18.540 hopefully, to the end of time, but also the way

00:00:20.220 I'm going to live my life to the end of time.

00:00:21.960 It is a good mantra

00:00:24.140 for your life.

00:00:25.240 That makes us to see how that works out.

00:00:27.880 That's it.

00:00:28.600 Every bad situation that you think you get all nervous about,

00:00:32.420 oh gosh, or the world is going to be destroyed,

00:00:34.380 instead say, huh, anxious to see how this works out.

00:00:37.100 Your son's arrested for drunk driving.

00:00:40.020 Huh.

00:00:40.980 I'm anxious to see how that works out.

00:00:43.800 It solves literally all your problems.

00:00:46.160 Right, it does.

00:00:47.480 Hey, we have massive inflation coming.

00:00:51.120 Huh.

00:00:52.180 I'm interested to see how that works out.

00:00:55.720 There's something really comforting about that.

00:00:58.600 You don't want to miss a second of today's podcast.

00:01:02.320 Brought to you in part by

00:01:03.760 the fine folks at American Giant.

00:01:07.640 In the 1960s,

00:01:08.920 95% of clothing Americans

00:01:11.060 was made right here.

00:01:12.900 I should sound like an old film reel.

00:01:15.040 Now, 97% is made overseas.

00:01:18.420 That sounds a little too much.

00:01:20.660 Like RFK Jr.

00:01:21.980 A complete reversal of the way things used to be in this country.

00:01:26.140 Now, we don't make anything.

00:01:28.340 It is the mission and the goal of American Giant

00:01:33.500 to invite manufacturing back to America.

00:01:37.200 They started doing it themselves.

00:01:39.520 In 2012, a clothing factory shut down in North Carolina.

00:01:43.200 The guy who runs American Giant was like,

00:01:46.840 we can't let this happen.

00:01:49.020 And so he went in.

00:01:50.500 He bought new equipment.

00:01:52.380 He retrained the staff.

00:01:54.260 And it changed the community.

00:01:56.560 That's the thing.

00:01:57.360 When you give people

00:01:58.400 the opportunity

00:02:00.420 to do something great,

00:02:02.860 to do something that they're proud of every day,

00:02:05.720 the whole community changes.

00:02:08.180 And that's the mission.

00:02:10.140 Change the community.

00:02:11.760 Change the country.

00:02:12.820 Change the world.

00:02:14.020 All with American labor 1.00

00:02:15.580 and American products.

00:02:17.340 It is American Giant.

00:02:18.860 If you're looking for great clothing,

00:02:21.100 American-Giant.com slash Glenn.

00:02:24.840 That's American-Giant.com slash Glenn.

00:02:28.520 You're listening to

00:02:35.760 The Best of the Glenn Beck Program.

00:02:41.440 Wow.

00:02:42.140 Stu, did you catch the New York Times,

00:02:44.400 the Daily today?

00:02:45.200 I did not.

00:02:46.040 No.

00:02:46.200 I haven't listened to it in months.

00:02:49.160 It's a good choice.

00:02:50.340 But I thought, you know,

00:02:51.820 today, maybe I'll see what they have to say.

00:02:54.360 And I learned so much

00:02:57.480 about the banking crisis.

00:02:59.340 Did you?

00:02:59.880 Yeah.

00:03:00.240 Yeah.

00:03:00.720 So, listen in and learn.

00:03:05.200 So, Gino.

00:03:07.540 Another day, another bank failure.

00:03:10.460 Starting to be the pattern these days.

00:03:12.560 Very much.

00:03:13.280 And after these two banks had failed,

00:03:17.320 Silicon Valley Bank,

00:03:18.540 then a couple days later, Signature Bank,

00:03:20.960 the hope,

00:03:21.740 and I'd say the expectation,

00:03:22.780 was that this crisis

00:03:24.280 might be over.

00:03:25.960 It was not over.

00:03:26.840 In fact, the third bank,

00:03:28.300 First Republic Bank,

00:03:29.300 collapsed.

00:03:30.700 And it was even bigger

00:03:32.540 as a bank

00:03:33.660 than the previous two that failed.

00:03:35.160 So, tell us about

00:03:36.040 why First Republic Bank

00:03:38.060 ultimately went under.

00:03:39.900 I think that what happened

00:03:41.440 at First Republic

00:03:42.340 was sort of a slow motion reaction

00:03:44.680 to what happened

00:03:45.820 at Silicon Valley Bank,

00:03:47.520 that first bank that failed.

00:03:48.840 The other thing is

00:03:49.980 a lot of the sort of

00:03:51.700 assets on First Republic's balance sheet,

00:03:53.840 a lot of its loans,

00:03:55.320 a lot of its, you know,

00:03:56.160 sort of business,

00:03:57.120 isn't actually all that bad looking.

00:03:59.000 It just didn't hold up well

00:04:01.380 in the face of rising interest rates.

00:04:03.500 And J.P. Morgan

00:04:04.400 has also, in this case,

00:04:06.860 got some guarantees

00:04:07.880 from the government.

00:04:08.820 The government is going to share

00:04:10.160 in losses

00:04:11.160 on the portions of the business

00:04:13.380 that aren't looking so hot.

00:04:14.640 Wait.

00:04:15.240 Now, does that mean that

00:04:16.420 the government,

00:04:17.280 and by that I mean

00:04:17.920 you and me, the taxpayer,

00:04:18.820 are now subsidizing

00:04:20.540 J.P. Morgan Chase's purchase

00:04:22.140 of First Republic.

00:04:23.720 So far, the government

00:04:24.380 has been careful to say

00:04:25.660 that no taxpayer money

00:04:27.040 is being used

00:04:28.360 to bail out

00:04:29.000 any of these failing banks.

00:04:30.920 So is that true

00:04:32.180 in this case

00:04:33.120 as well?

00:04:34.100 It is.

00:04:35.300 But it's a little bit complicated.

00:04:37.040 This deal is going to cost

00:04:38.580 the government

00:04:39.020 about $13 billion,

00:04:40.760 which is going to be covered

00:04:42.040 by the insurance fund

00:04:43.420 that's paid by

00:04:44.540 every federally regulated bank.

00:04:46.500 So it's not taxpayer money per se.

00:04:50.120 But the banks will tell you

00:04:51.780 and some people outside

00:04:52.840 of the banks will tell you

00:04:54.080 that while this is paid for

00:04:56.800 by assessments on banks,

00:04:58.560 at the end of the day,

00:04:59.620 that comes back

00:05:00.580 to hit the bank customers

00:05:01.940 because the banks

00:05:03.000 are going to raise the money

00:05:03.920 by charging more fees

00:05:06.720 on mortgages,

00:05:07.860 on bank accounts,

00:05:08.740 on things like that.

00:05:10.100 Okay.

00:05:10.220 And so it's possible

00:05:11.880 that you'll still end up

00:05:13.000 subsidizing this

00:05:14.280 whether it's directly or not.

00:05:16.660 It's possible.

00:05:17.360 And even if you don't want to.

00:05:19.080 So if you have

00:05:20.000 any relationship

00:05:20.980 with a federally regulated bank,

00:05:23.540 which almost all of us do,

00:05:24.880 you're in one form or another

00:05:26.660 eventually helping to pay

00:05:28.580 for this deal.

00:05:30.120 Yeah, exactly.

00:05:31.600 So if you're JPMorgan Chase,

00:05:32.960 this is a pretty good deal,

00:05:34.360 obviously,

00:05:34.920 but there's something

00:05:36.880 a little bit funny about it,

00:05:38.160 which is that JPMorgan Chase

00:05:39.620 is already the nation's

00:05:41.260 largest bank.

00:05:42.360 And after the financial crisis

00:05:43.900 in 2008,

00:05:44.780 the whole idea

00:05:45.940 was that big banks

00:05:47.260 shouldn't get any bigger,

00:05:48.780 shouldn't be buying up

00:05:49.620 their rivals

00:05:50.180 because they might become

00:05:51.480 too big to fail.

00:05:53.020 So this deal

00:05:54.240 seemed kind of at odds

00:05:56.540 with that.

00:05:57.580 So it is a little weird.

00:05:59.020 I think the message

00:06:00.240 we all took from 2008

00:06:01.620 was that really big banks

00:06:03.540 can be dangerous.

00:06:04.820 And certainly,

00:06:05.760 that was baked

00:06:06.480 into the legislation

00:06:07.320 that we saw passing

00:06:08.300 after 2008.

00:06:09.580 We saw a restriction

00:06:10.580 that said the largest banks

00:06:12.460 in America

00:06:13.140 can no longer acquire

00:06:14.560 really big banks

00:06:15.880 because we don't want

00:06:17.000 too much of the nation's

00:06:18.400 deposit base

00:06:19.120 concentrated at any one bank.

00:06:21.160 Right.

00:06:21.440 We don't want that.

00:06:22.220 However,

00:06:22.880 there was an exception

00:06:24.000 to that rule.

00:06:25.000 And the exception is that

00:06:26.240 if a bank is failing,

00:06:29.480 a large bank

00:06:30.160 can acquire it.

00:06:31.420 And that's really

00:06:32.040 what we saw

00:06:32.740 come into play here.

00:06:34.900 JPMorgan was also

00:06:36.080 able to offer

00:06:37.120 the least cost option

00:06:38.460 to acquire

00:06:39.140 First Republic.

00:06:39.740 Stop.

00:06:40.220 You gotta stop.

00:06:41.740 You gotta stop.

00:06:42.500 Okay, wait a minute.

00:06:43.300 Wait a minute.

00:06:44.320 So we learned

00:06:45.360 that big banks

00:06:46.440 were bad.

00:06:48.160 And big banks

00:06:49.460 can't grow

00:06:50.740 any bigger.

00:06:52.440 But how do they

00:06:53.360 grow bigger, Stu?

00:06:54.700 They grow bigger

00:06:55.440 by buying

00:06:56.560 other banks.

00:06:57.940 Other banks.

00:06:58.340 Okay.

00:06:59.060 So they can't do that.

00:07:00.340 No.

00:07:00.920 But if that bank

00:07:02.060 fails,

00:07:03.000 Right.

00:07:03.440 they can do that.

00:07:04.500 Of course.

00:07:05.120 Right.

00:07:05.780 That makes total sense,

00:07:07.360 doesn't it?

00:07:07.960 So they can become

00:07:08.920 much bigger,

00:07:09.600 much more cheaply.

00:07:11.120 That was the goal

00:07:12.640 of the legislation.

00:07:13.540 Yeah, yeah.

00:07:14.020 And I mean,

00:07:15.320 you know,

00:07:15.720 not that the Federal Reserve

00:07:16.960 is playing favorites

00:07:18.280 at all.

00:07:19.620 JPMorgan Chase.

00:07:22.300 That's incredible too.

00:07:23.300 And it's like

00:07:23.600 they had to buy

00:07:25.260 the bank.

00:07:25.840 They were able

00:07:26.600 to designate

00:07:27.720 what parts of it

00:07:28.900 they didn't want.

00:07:29.900 So this is the

00:07:31.380 partnership

00:07:31.840 with the government.

00:07:32.480 The government's

00:07:33.120 going to share

00:07:33.500 the burden.

00:07:34.420 No.

00:07:35.120 You gave

00:07:35.800 all of the

00:07:36.420 good assets

00:07:37.420 to JPMorgan Chase.

00:07:39.580 We took

00:07:40.340 all the

00:07:40.740 bad assets.

00:07:42.220 Right.

00:07:42.940 I mean,

00:07:43.480 who does

00:07:44.560 this deal?

00:07:45.880 It's incredible.

00:07:46.620 It's like

00:07:46.880 one building

00:07:48.640 in an apartment

00:07:49.220 complex burns

00:07:50.100 to the ground

00:07:50.720 and then you say,

00:07:51.580 well,

00:07:51.900 I'm going to come in

00:07:52.540 but I'm not going

00:07:53.060 to take over

00:07:53.540 any of the

00:07:53.980 responsibility

00:07:54.540 for the one

00:07:55.280 that burned down.

00:07:56.080 I'm just going

00:07:56.380 to take all

00:07:56.940 of the nice

00:07:57.480 buildings

00:07:57.960 that are still

00:07:58.420 operating

00:07:58.840 with all

00:07:59.240 renters in there

00:08:00.540 paying their rent

00:08:01.300 completely fine.

00:08:02.260 I'll take all

00:08:02.820 of those over

00:08:03.380 for 80%

00:08:04.320 off the cost.

00:08:05.300 Right.

00:08:05.740 Oh,

00:08:05.940 great.

00:08:07.120 Yeah.

00:08:07.700 You'll do that.

00:08:08.580 That's wow.

00:08:09.540 Thank you so much.

00:08:10.380 Now,

00:08:10.400 listen,

00:08:10.760 if any of my

00:08:12.080 renters start

00:08:13.080 not paying the rent,

00:08:14.660 you're going to have to.

00:08:15.240 You're going to have to take those.

00:08:15.860 You'll take it off.

00:08:16.480 But you can do it

00:08:17.180 on insurance.

00:08:18.340 You just

00:08:18.700 get money

00:08:20.720 from all the other

00:08:21.680 apartment complexes

00:08:22.760 which are going to charge

00:08:24.800 all of the other people

00:08:26.180 in those apartments

00:08:27.120 more money

00:08:27.940 to rent their house

00:08:28.820 so in case

00:08:30.060 some of my

00:08:30.620 renters go down,

00:08:32.280 you can pay me.

00:08:34.460 Wow.

00:08:36.140 What a good deal

00:08:37.500 for the United States

00:08:38.780 of America.

00:08:39.820 Yeah.

00:08:40.380 We win again.

00:08:41.700 Yeah.

00:08:42.220 And by the way,

00:08:43.200 an insurance fund,

00:08:44.020 when does this dry up?

00:08:45.540 How many banks

00:08:46.120 does this need to happen to

00:08:47.400 before we have nothing

00:08:48.380 left in this account?

00:08:49.340 Okay.

00:08:49.660 So there,

00:08:50.380 from what I understand,

00:08:51.220 there was nothing

00:08:51.880 left in the account

00:08:52.980 after we bailed out

00:08:54.940 Silicon Valley Bank.

00:08:55.880 Okay.

00:08:57.180 But,

00:08:57.960 but,

00:08:58.840 it gets complicated here,

00:09:00.660 Stu.

00:09:01.160 It gets complicated.

00:09:02.720 The government

00:09:03.460 will just print

00:09:04.480 more money.

00:09:07.040 Oh.

00:09:08.300 Well,

00:09:08.800 but,

00:09:09.560 wait a minute.

00:09:11.240 That doesn't seem

00:09:12.440 complicated?

00:09:13.340 Yeah.

00:09:14.020 No.

00:09:14.500 Well,

00:09:14.700 you got to get the ink

00:09:15.600 and the paper.

00:09:17.660 But they're digitizing

00:09:19.040 and that's where

00:09:19.820 it gets complex.

00:09:20.900 Do we digitize it

00:09:22.120 or do we print it?

00:09:23.980 They don't know.

00:09:24.760 They don't know.

00:09:25.200 They'll have meetings

00:09:25.980 and stuff.

00:09:27.280 So it gets complicated

00:09:28.360 and probably a little bit

00:09:29.520 too much for you

00:09:30.220 to understand.

00:09:31.060 Yeah.

00:09:31.340 Above my pay grade there.

00:09:32.480 Above your pay grade

00:09:33.240 just a little bit.

00:09:34.220 They say,

00:09:34.720 by the way,

00:09:34.920 $128 billion

00:09:35.940 are in this,

00:09:36.660 this fund.

00:09:38.000 Uh-huh.

00:09:38.580 Uh-huh.

00:09:39.320 Now,

00:09:39.700 I know they just said

00:09:41.200 this bank had

00:09:42.580 $120 billion

00:09:43.880 that were,

00:09:45.020 people pulled out

00:09:46.140 that caused this crisis

00:09:47.440 in the first place.

00:09:48.260 Right.

00:09:48.600 One bank.

00:09:49.440 One bank.

00:09:50.160 Yeah.

00:09:50.320 They lost $120 billion.

00:09:52.400 Yeah.

00:09:52.580 There's $128 billion

00:09:53.620 in the entire fund.

00:09:54.840 Yeah.

00:09:55.500 So,

00:09:56.020 and we just spent

00:09:56.740 apparently $13 billion

00:09:58.340 of it.

00:09:59.000 Yeah,

00:09:59.060 but you're not going to be,

00:09:59.660 the taxpayer is not going

00:10:00.700 to bear that burden.

00:10:01.360 No.

00:10:01.700 What happens when that runs out?

00:10:03.520 Well,

00:10:03.760 you're not going to bear

00:10:04.360 that burden.

00:10:05.300 No.

00:10:05.480 They will get that money

00:10:06.400 from the banks.

00:10:08.220 Okay?

00:10:08.660 And the banks will get

00:10:10.620 that money

00:10:11.240 just from people,

00:10:13.300 you know,

00:10:13.560 really rich people,

00:10:15.080 people who have

00:10:15.660 bank accounts.

00:10:16.660 Okay?

00:10:17.340 You've got a bank account.

00:10:18.720 Sure.

00:10:19.740 You're a fat cat

00:10:20.860 who's going to even,

00:10:21.960 you probably have so much,

00:10:23.300 I'm speaking directly

00:10:24.420 to those few people

00:10:26.080 in this audience

00:10:26.860 that have bank accounts.

00:10:28.300 Mm-hmm.

00:10:28.600 Yeah,

00:10:28.800 there's only a few.

00:10:29.400 You've got a bank account.

00:10:31.100 You're not even going to

00:10:31.800 notice that's missing.

00:10:33.620 Mm-hmm.

00:10:34.280 You know what I mean?

00:10:35.260 Yeah.

00:10:35.540 Yeah,

00:10:35.820 okay.

00:10:36.260 Yeah,

00:10:36.520 so it's not you

00:10:37.780 the average taxpayer.

00:10:39.800 It's just people

00:10:40.720 that have bank accounts.

00:10:42.420 Oh,

00:10:42.580 okay.

00:10:43.380 Yeah,

00:10:43.660 I have another question.

00:10:45.040 Yeah,

00:10:45.600 just a sidebar here.

00:10:46.480 Yeah,

00:10:46.540 yeah,

00:10:46.660 yeah.

00:10:46.780 So they also,

00:10:47.840 to get through this crisis,

00:10:49.960 the last couple months,

00:10:51.360 when we were told

00:10:52.860 they were going to make it

00:10:53.660 because we had

00:10:54.760 all these incredible actions.

00:10:56.420 No,

00:10:56.440 it's all passed,

00:10:57.100 except for the stuff

00:10:57.860 that they know about

00:10:58.640 that might be coming.

00:10:59.640 They also borrowed

00:11:00.720 about $50 billion

00:11:02.460 from the Fed

00:11:04.080 what happens with that?

00:11:06.440 Like,

00:11:06.660 does JPMorgan Chase

00:11:07.900 have to pay that back?

00:11:09.820 No,

00:11:10.100 they got that back.

00:11:12.320 What?

00:11:13.080 Hmm?

00:11:13.440 They go,

00:11:13.780 what?

00:11:14.340 That money just is like,

00:11:15.800 why is your voice

00:11:16.760 getting so high when you're,

00:11:17.700 I'm just saying

00:11:18.400 that they just don't have any,

00:11:19.780 you know,

00:11:20.100 that money is like,

00:11:22.180 it's,

00:11:22.940 there's nobody to pay it.

00:11:24.820 There's,

00:11:25.340 I mean,

00:11:25.860 right.

00:11:26.360 So there's no,

00:11:27.500 there's no money there.

00:11:28.740 So it's just like,

00:11:29.660 it just disappeared.

00:11:32.540 Wait,

00:11:33.160 what?

00:11:33.500 What do you mean

00:11:34.580 it just disappeared?

00:11:35.680 It's on a balance sheet

00:11:37.300 someplace,

00:11:38.380 but we don't know

00:11:39.120 where.

00:11:40.060 and who pay,

00:11:41.180 probably the same

00:11:42.540 damn people

00:11:43.620 that own those

00:11:44.360 bank accounts.

00:11:45.400 Oh,

00:11:45.880 okay,

00:11:46.360 good.

00:11:46.640 You know,

00:11:46.820 we're going to squeeze

00:11:47.800 them to get that money back.

00:11:49.560 Because they keep telling me

00:11:50.620 if we have,

00:11:51.380 if you have at least

00:11:52.000 $250,000

00:11:53.240 in your bank account,

00:11:54.020 your money is safe.

00:11:54.960 That money is guaranteed

00:11:56.100 by the federal government.

00:11:57.600 Okay,

00:11:58.180 well,

00:11:58.640 I don't believe them.

00:12:01.240 What do you mean?

00:12:01.680 I don't.

00:12:03.080 What do you mean?

00:12:03.560 You go to,

00:12:04.280 you have $250,000.

00:12:05.600 Are you pulling your money

00:12:06.680 out of the bank?

00:12:07.960 I mean,

00:12:08.540 I'm,

00:12:08.920 I'm very,

00:12:09.620 I don't know what to do,

00:12:10.540 honestly,

00:12:10.960 at this point.

00:12:11.360 You leave your money

00:12:12.080 in the bank.

00:12:12.520 You make sure that you

00:12:13.200 don't have more

00:12:13.820 than $250,000.

00:12:15.400 The government

00:12:16.200 will just

00:12:17.240 make more. 0.55

00:12:19.580 What?

00:12:19.700 That is basically

00:12:20.680 what we're all

00:12:21.220 supposed to believe,

00:12:21.800 right?

00:12:22.580 And they will.

00:12:24.620 They will

00:12:25.620 just print

00:12:26.980 more.

00:12:28.860 What do you,

00:12:29.240 to cover all losses

00:12:30.620 from all bank accounts?

00:12:32.000 Yes.

00:12:33.500 They'll just keep printing.

00:12:35.200 Well,

00:12:35.400 what is that?

00:12:35.820 Does that have any

00:12:36.560 modern monetary theory?

00:12:38.360 It's modern,

00:12:38.780 I'm being dead serious.

00:12:40.140 I know.

00:12:40.440 This is modern monetary theory.

00:12:41.700 I'm a tad concerned

00:12:43.240 as what the fall might be to that.

00:12:45.600 Why?

00:12:46.820 Well,

00:12:47.040 because it possibly happen.

00:12:48.220 I mean,

00:12:48.900 inflation,

00:12:49.440 economic collapse.

00:12:51.440 Inflation is transitory,

00:12:52.840 and the Fed

00:12:54.000 is working on that.

00:12:55.500 They have a plan.

00:12:56.400 In fact,

00:12:57.160 when the call came in

00:12:58.540 from Vladimir Zelensky,

00:13:00.220 who wasn't

00:13:01.840 Vladimir Zelensky,

00:13:03.140 let me tell you something.

00:13:04.460 If your organization

00:13:06.100 can't figure out

00:13:08.360 if that's actually

00:13:09.960 the leader of Ukraine

00:13:12.300 on the phone,

00:13:13.960 you shouldn't have

00:13:15.600 a credit card,

00:13:17.020 let alone

00:13:17.700 be in charge of the Fed.

00:13:19.460 I'm just saying.

00:13:21.000 But once again,

00:13:22.840 a central banker

00:13:23.920 is fooled

00:13:24.780 by this group

00:13:25.960 of people

00:13:26.300 that are posing

00:13:27.340 as Vladimir Zelensky

00:13:28.680 and then recording it.

00:13:30.900 And it's not

00:13:31.660 on the phone.

00:13:32.920 Apparently,

00:13:33.840 it's a video conference call.

00:13:36.620 How are they falling

00:13:38.320 for a Skype call?

00:13:40.720 Yeah,

00:13:40.840 don't know.

00:13:41.940 Don't know.

00:13:42.820 But maybe,

00:13:43.580 you know,

00:13:43.820 just the computer rings

00:13:45.000 and you just,

00:13:48.220 oh,

00:13:48.480 hang on.

00:13:48.960 I've got a FaceTime

00:13:50.540 call coming in.

00:13:52.440 It's Vladimir Zelensky.

00:13:55.260 We didn't hear

00:13:56.760 from your people

00:13:57.620 or anything.

00:13:58.400 How'd you get

00:13:59.120 my number?

00:14:00.780 Well,

00:14:01.160 let me tell you

00:14:01.780 all my deepest,

00:14:02.740 darkest secrets

00:14:03.480 that I'm not going

00:14:04.320 to tell everybody else,

00:14:05.740 but I'll tell you,

00:14:07.100 Vladimir,

00:14:07.700 because you're

00:14:08.360 trustworthy.

00:14:10.000 Here's what

00:14:10.980 Powell said.

00:14:13.320 Now,

00:14:13.660 this is not

00:14:14.160 what he's telling

00:14:14.800 the American people.

00:14:16.460 Listen to this.

00:14:18.420 But what we're

00:14:19.240 going to find

00:14:19.720 is that growth

00:14:20.480 in 2022

00:14:21.460 was positive

00:14:23.540 but modest.

00:14:24.520 It was subdued.

00:14:25.860 So,

00:14:26.400 you know,

00:14:26.920 1%

00:14:27.640 around that level.

00:14:30.160 In terms of this year,

00:14:31.680 most forecasts

00:14:32.540 call for the U.S. economy

00:14:33.700 to continue to grow

00:14:34.700 but at a pretty

00:14:35.400 subdued level.

00:14:36.520 So,

00:14:36.960 growth of less

00:14:37.640 than 1%.

00:14:38.360 Less than 1%.

00:14:39.580 So,

00:14:39.940 stop for a second.

00:14:41.420 Is anyone,

00:14:42.880 does anyone

00:14:44.480 on the planet

00:14:45.660 think

00:14:46.380 that growth

00:14:47.980 of less

00:14:49.560 than 1%

00:14:51.040 is really growth?

00:14:53.900 I mean,

00:14:54.160 I think that's probably

00:14:54.860 in the margin of error.

00:14:56.520 Yeah.

00:14:57.040 And I,

00:14:57.420 honestly,

00:14:58.300 considering what other

00:15:00.140 economists are saying,

00:15:01.820 growth of

00:15:02.820 under 1%

00:15:04.180 would be positive.

00:15:05.420 Yes.

00:15:05.720 Yes, it would.

00:15:06.760 Compared to what

00:15:07.320 they're actually predicting,

00:15:08.120 which is recession.

00:15:08.860 Right.

00:15:09.200 So,

00:15:09.600 he's maybe

00:15:11.440 in the spin zone

00:15:12.820 where he's like,

00:15:14.360 you know,

00:15:14.640 but Vlad,

00:15:15.920 listen,

00:15:16.220 we can keep sending

00:15:16.960 you to those bullets

00:15:17.680 because our growth,

00:15:19.840 our growth

00:15:20.520 is like

00:15:21.460 crazy right now.

00:15:23.700 Crazy high,

00:15:24.420 zero point something

00:15:26.020 numbers.

00:15:27.180 Yeah.

00:15:27.480 It's great.

00:15:28.080 We are on track

00:15:29.420 for another record year

00:15:31.080 and I mean that.

00:15:32.240 Here he is.

00:15:33.560 But we,

00:15:34.240 we would tell you

00:15:35.040 that a recession

00:15:36.120 is almost as likely

00:15:37.360 as,

00:15:38.100 as,

00:15:39.060 as very slow growth.

00:15:40.580 Huh.

00:15:40.940 Wait.

00:15:42.120 That's not what you tell us.

00:15:43.460 That's a fact

00:15:44.360 and I think

00:15:45.040 that is partly

00:15:45.720 because of,

00:15:47.060 of us having

00:15:48.520 raised rates

00:15:49.080 quite a bit.

00:15:49.860 Oh.

00:15:50.060 But this is what

00:15:51.040 it takes to get inflation.

00:15:52.320 Whoa, whoa, whoa.

00:15:53.220 Whoa.

00:15:56.220 Why

00:15:56.860 are we having

00:15:58.460 a recession

00:15:59.640 according

00:16:00.580 to the Fed chair?

00:16:03.580 Because

00:16:04.220 the Fed

00:16:05.440 is raising rates.

00:16:07.940 Huh.

00:16:10.380 Now,

00:16:10.920 wait a minute.

00:16:11.680 I got to get

00:16:12.280 my arms around this.

00:16:13.840 This is a whole

00:16:14.760 new concept

00:16:15.740 that raising rates

00:16:18.280 puts people

00:16:19.520 out of work.

00:16:21.240 Makes it harder

00:16:22.340 for them

00:16:22.880 to put food

00:16:23.640 on the table.

00:16:24.840 This is the best

00:16:25.580 of the Glenn Beck program.

00:16:32.200 Welcome to the

00:16:33.400 Glenn Beck program.

00:16:35.640 The owner of a

00:16:37.860 Bloomington,

00:16:38.920 Indiana

00:16:39.380 dive bar

00:16:40.620 who voiced

00:16:43.740 support for

00:16:44.520 Bud Light

00:16:45.080 and threatened

00:16:45.820 to remove

00:16:46.460 customers

00:16:47.000 for speaking

00:16:47.780 out against

00:16:48.980 Bud Light

00:16:49.900 is now

00:16:53.040 on Facebook

00:16:54.280 saying,

00:16:54.780 we appreciate

00:16:55.240 your support

00:16:56.260 because I kicked

00:16:57.520 all these hateful

00:16:58.440 bigots out

00:16:59.100 and if you want

00:16:59.980 to stop by

00:17:00.560 and have a beer,

00:17:02.280 please do.

00:17:03.300 because he's

00:17:06.660 kind of

00:17:07.520 following in the

00:17:08.460 footsteps of Bud Light

00:17:09.780 and

00:17:11.640 yeah,

00:17:12.680 he's lost

00:17:13.200 his patrons

00:17:14.520 because he said

00:17:16.580 they spewed

00:17:17.260 bigotry and

00:17:18.060 hatred

00:17:18.460 regarding Bud Light's

00:17:20.340 advertising partnership

00:17:21.560 with Dylan Mulvaney

00:17:22.840 and

00:17:25.360 you know,

00:17:26.020 so the bar

00:17:26.720 is still celebrating

00:17:27.740 the 365 days

00:17:29.380 of girlhood

00:17:30.000 of Dylan

00:17:31.520 Mulvaney.

00:17:32.420 And I thought

00:17:32.800 that already

00:17:33.140 passed.

00:17:34.340 Well,

00:17:34.700 I don't know,

00:17:36.160 Stu.

00:17:36.740 Does it ever

00:17:37.460 pass?

00:17:38.620 Does it ever

00:17:39.120 pass?

00:17:39.260 I don't know.

00:17:39.840 I don't know

00:17:40.140 what the rules

00:17:40.560 are.

00:17:40.840 It's very

00:17:41.140 difficult to

00:17:41.680 keep track

00:17:42.060 of it.

00:17:42.220 So he's

00:17:43.500 having a hard

00:17:44.000 time.

00:17:45.140 Coincidentally,

00:17:45.980 in complete

00:17:47.020 coincidence,

00:17:47.800 so is

00:17:48.120 Anheuser-Busch.

00:17:49.660 Yeah,

00:17:50.220 no,

00:17:50.540 no kidding.

00:17:51.100 Yeah,

00:17:51.420 now I saw

00:17:52.620 this story

00:17:53.260 today from

00:17:54.140 the Washington

00:17:54.600 Examiner.

00:17:55.360 Anheuser-Busch

00:17:55.920 employs

00:17:56.760 ex-GOP

00:17:57.920 aides

00:17:58.460 for damage

00:17:59.280 control

00:17:59.900 and

00:18:01.600 they've

00:18:02.620 hired

00:18:03.040 Sean

00:18:04.920 McClain

00:18:05.660 and

00:18:08.960 that's

00:18:09.860 what,

00:18:10.280 you know,

00:18:10.780 a legislative

00:18:11.320 director for

00:18:12.020 Senator Ted Cruz

00:18:13.240 and then

00:18:15.040 another person

00:18:16.700 that was

00:18:18.160 also with

00:18:19.400 Kelly Iote

00:18:20.760 from

00:18:22.040 New Hampshire.

00:18:22.960 She's also

00:18:23.800 a Republican

00:18:24.380 and they're

00:18:25.580 working now

00:18:27.420 for Bud Light

00:18:28.120 trying to,

00:18:28.760 you know,

00:18:29.100 get things

00:18:29.480 back.

00:18:30.280 But like,

00:18:30.760 may I just

00:18:31.120 say,

00:18:32.000 I didn't

00:18:33.320 really have

00:18:33.700 to even

00:18:33.980 go into

00:18:34.680 this story

00:18:35.600 at all.

00:18:36.320 When I

00:18:36.960 saw that

00:18:37.460 you hired

00:18:38.260 two ex-GOP

00:18:40.940 aides

00:18:41.620 for damage

00:18:42.240 control,

00:18:42.860 I thought,

00:18:43.820 boy,

00:18:44.420 you still

00:18:44.780 don't get

00:18:45.180 it.

00:18:46.200 It's about

00:18:47.340 beer,

00:18:48.240 not about

00:18:49.540 politics.

00:18:51.140 Okay?

00:18:51.460 I don't

00:18:53.940 pull the

00:18:55.280 horse out.

00:18:55.960 Okay?

00:18:56.100 Just do the

00:18:56.540 horse thing.

00:18:57.020 Okay?

00:18:57.500 It's too

00:18:57.940 late now.

00:18:58.520 You've

00:18:58.660 destroyed

00:18:59.480 the Clydesdale

00:19:00.320 horses.

00:19:01.500 But pull

00:19:02.420 them out,

00:19:02.860 you know?

00:19:03.440 But they

00:19:03.800 can't give

00:19:04.200 up,

00:19:04.580 right?

00:19:04.720 They're not

00:19:04.860 going to

00:19:04.960 just like,

00:19:05.260 oh,

00:19:05.360 let's

00:19:05.520 fold the

00:19:05.920 company.

00:19:06.540 We did

00:19:06.940 this.

00:19:07.340 So you

00:19:07.520 go to

00:19:08.500 Ted Cruz

00:19:09.800 aid,

00:19:10.320 right?

00:19:10.560 Someone who

00:19:10.940 probably

00:19:11.240 understands

00:19:11.740 conservatives.

00:19:12.840 For what?

00:19:13.420 For what?

00:19:13.880 How do

00:19:14.180 we apologize

00:19:15.540 for this

00:19:16.180 appropriately,

00:19:17.340 essentially?

00:19:18.900 What is

00:19:19.460 Ted going

00:19:19.880 to say?

00:19:20.680 Well,

00:19:20.980 I don't

00:19:21.240 know what

00:19:21.600 Ted's going

00:19:22.000 to say,

00:19:22.340 but neither

00:19:22.800 do they.

00:19:24.020 And I

00:19:24.200 don't

00:19:24.280 know,

00:19:24.440 what would

00:19:24.760 you say?

00:19:25.540 Forget it's

00:19:26.740 too late.

00:19:27.580 Throw that

00:19:27.940 piece of

00:19:28.300 advice out.

00:19:29.480 What is

00:19:29.780 your advice

00:19:30.240 to Bud

00:19:30.780 Light?

00:19:31.060 Lay low.

00:19:32.280 Just don't

00:19:32.700 say anything.

00:19:33.160 Don't say

00:19:33.620 it.

00:19:33.860 Damn

00:19:34.080 words.

00:19:35.040 Apologize

00:19:35.480 and mean

00:19:35.900 it.

00:19:36.760 And just

00:19:37.060 lay low.

00:19:38.440 And then

00:19:38.920 hope that

00:19:41.220 people forget.

00:19:42.040 They're not

00:19:42.420 going to,

00:19:43.060 Bud Light.

00:19:43.680 They're not

00:19:44.020 going to.

00:19:44.520 You've

00:19:44.840 destroyed

00:19:45.660 your brand.

00:19:47.720 Destroyed

00:19:48.160 it.

00:19:48.460 That one

00:19:49.080 thing.

00:19:49.680 Destroyed

00:19:50.080 a hundred

00:19:50.540 years.

00:19:51.700 That one

00:19:52.360 thing.

00:19:53.180 And that

00:19:53.720 might be

00:19:54.080 the answer.

00:19:54.840 Of course,

00:19:55.320 they can't

00:19:55.720 accept that

00:19:56.280 answer.

00:19:56.580 They have

00:19:56.760 to try

00:19:57.000 to repair

00:19:57.420 it.

00:19:57.540 Yeah.

00:19:57.980 As the

00:19:58.760 gods of

00:20:00.480 the copybook

00:20:01.260 headings with

00:20:02.280 terror and

00:20:03.160 slaughter return

00:20:04.340 is the

00:20:05.580 Rudyard

00:20:05.940 Kipling

00:20:06.360 last line

00:20:07.360 of the

00:20:08.000 poem

00:20:08.380 gods of

00:20:09.060 the copybook

00:20:09.560 headings,

00:20:09.980 which is

00:20:11.100 truth

00:20:11.860 returning

00:20:13.360 to a

00:20:14.560 people that

00:20:15.960 have completely

00:20:16.680 disregarded 0.79

00:20:17.660 the truth,

00:20:18.600 made truth.

00:20:20.180 Things like,

00:20:21.060 horses and

00:20:25.240 ponies have

00:20:25.900 wings and

00:20:27.040 wishes are

00:20:29.040 pigs.

00:20:29.720 Those kinds

00:20:30.300 of things.

00:20:30.820 No,

00:20:31.060 they're really

00:20:31.460 not.

00:20:32.600 Ponies don't 1.00

00:20:33.380 have wings.

00:20:34.360 Okay?

00:20:34.540 And when

00:20:36.360 your society

00:20:37.540 has gone so

00:20:38.320 far off the

00:20:38.920 track, it

00:20:39.620 takes a

00:20:41.200 toll when

00:20:42.880 you finally

00:20:43.360 return back

00:20:44.100 to the

00:20:44.360 truth.

00:20:44.700 And America

00:20:45.140 is returning

00:20:45.760 back to the

00:20:46.360 truth.

00:20:46.960 Whether you

00:20:47.360 like it or

00:20:48.680 they like it

00:20:49.260 or not,

00:20:49.660 it's returning

00:20:50.340 back to the

00:20:50.920 truth.

00:20:51.280 Did you hear

00:20:51.700 what Coca-Cola

00:20:52.360 did?

00:20:54.400 This is

00:20:55.140 amazing.

00:20:56.180 So,

00:20:57.860 shareholders

00:20:59.520 have requested

00:21:01.780 that Coca-Cola's

00:21:02.780 board of

00:21:03.200 directors issue

00:21:04.160 a public

00:21:04.920 report prior

00:21:06.120 to the

00:21:07.360 December 31st,

00:21:08.340 2023,

00:21:09.740 admitting

00:21:10.220 confidential

00:21:11.000 information

00:21:11.760 and at a

00:21:14.040 reasonable

00:21:14.460 expense,

00:21:15.120 detailing any

00:21:15.980 known and

00:21:16.720 potential risk

00:21:17.600 or cost to

00:21:18.220 the company

00:21:18.620 caused by

00:21:19.520 enacted or

00:21:21.060 proposed

00:21:21.740 state policies

00:21:23.140 severely

00:21:24.020 restricting

00:21:24.780 reproductive rights

00:21:26.160 and detailing

00:21:26.920 any strategies

00:21:27.980 beyond litigation

00:21:29.720 and legal

00:21:30.480 compliance that

00:21:31.760 the company

00:21:32.200 may deploy

00:21:33.080 to minimize

00:21:34.020 or mitigate

00:21:34.900 these risks.

00:21:36.340 Here's what

00:21:37.000 it is.

00:21:37.340 A non-profit

00:21:38.340 that proposes

00:21:39.620 ESG policies

00:21:41.100 to companies,

00:21:42.780 which is

00:21:44.220 called As

00:21:44.980 You Saw.

00:21:46.540 That's clever

00:21:48.200 or just

00:21:49.420 stupid. 0.90

00:21:50.400 87% of

00:21:52.540 the controlling

00:21:53.180 shares voted

00:21:54.260 against their

00:21:56.100 proposal.

00:21:57.680 What their

00:21:58.300 proposal was,

00:21:59.420 we're not

00:21:59.880 going to

00:22:00.140 ship

00:22:00.380 Cokes

00:22:00.880 to states

00:22:02.540 that don't

00:22:03.900 allow

00:22:04.640 abortion.

00:22:05.420 Boom.

00:22:07.400 And the

00:22:08.260 shareholders

00:22:08.600 were like,

00:22:09.360 what?

00:22:11.560 I said,

00:22:12.580 we're not

00:22:12.880 going to

00:22:13.160 ship Coca-Cola

00:22:14.140 to states.

00:22:15.760 Boom.

00:22:18.500 Nope.

00:22:19.560 Nope.

00:22:19.960 83% are

00:22:20.980 against that.

00:22:21.640 83%.

00:22:23.500 And so

00:22:23.880 now they're

00:22:24.220 like,

00:22:24.680 we'd like

00:22:25.060 to see

00:22:25.600 how you're

00:22:26.340 coming up

00:22:27.280 with these

00:22:27.680 great proposals,

00:22:29.240 please.

00:22:29.700 Kind of seems

00:22:30.220 a little crazy.

00:22:31.200 I think this is

00:22:32.000 an interesting

00:22:32.460 thing to think

00:22:33.160 about this

00:22:33.540 as we

00:22:33.920 look at

00:22:35.360 a long-term

00:22:36.180 response to

00:22:36.960 wokeness.

00:22:37.740 How do you

00:22:38.460 systemize this

00:22:39.400 and what

00:22:39.980 are you

00:22:40.820 trying to do?

00:22:42.100 Who is the

00:22:42.600 right target?

00:22:43.820 And what are you

00:22:44.700 trying to accomplish

00:22:45.540 when you look

00:22:46.420 at these companies,

00:22:47.400 right?

00:22:48.140 So we did a

00:22:49.120 show last

00:22:49.860 night on

00:22:50.440 Studos America,

00:22:51.080 by the way,

00:22:51.400 if you're looking

00:22:51.680 for a show

00:22:52.060 at 8 p.m.

00:22:52.560 Eastern just 0.70

00:22:52.940 because maybe

00:22:53.440 one of your

00:22:53.800 favorite shows

00:22:54.220 just got

00:22:54.560 canceled.

00:22:55.160 It's available

00:22:55.960 8 p.m.

00:22:56.660 YouTube,

00:22:57.440 Blaze TV,

00:22:58.540 Pluto TV.

00:22:59.840 Yeah,

00:23:00.160 it's there

00:23:00.800 every night

00:23:01.320 for you.

00:23:02.300 But we went

00:23:02.900 through the

00:23:03.140 five levels

00:23:03.840 of corporate

00:23:04.540 wokeness,

00:23:05.460 okay?

00:23:06.640 And so you

00:23:07.260 have,

00:23:07.840 number one,

00:23:08.860 company that

00:23:09.400 is woke

00:23:09.980 and proud

00:23:10.340 of it,

00:23:11.000 right?

00:23:11.180 Think Ben

00:23:11.860 and Jerry's,

00:23:12.460 right?

00:23:12.800 They,

00:23:13.360 any liberal

00:23:13.840 policy that

00:23:14.400 comes out,

00:23:14.820 they're in

00:23:15.060 full endorsement,

00:23:15.860 they're Bernie

00:23:16.340 Sanders,

00:23:16.820 they don't

00:23:17.080 like Jews 1.00

00:23:17.540 very much,

00:23:18.060 there's a lot

00:23:18.480 of things

00:23:18.780 that they do

00:23:19.340 and they've

00:23:19.780 smoked enough

00:23:20.600 dope to where

00:23:21.380 they don't care.

00:23:21.960 They don't care.

00:23:22.480 They don't care.

00:23:23.040 So you can

00:23:23.540 boycott Ben

00:23:24.540 and Jerry's

00:23:25.020 all you want,

00:23:25.700 but they're not

00:23:26.620 going to change

00:23:27.020 a policy because

00:23:27.660 to them,

00:23:28.780 wokeness is more

00:23:29.580 important than

00:23:30.100 selling you ice

00:23:30.620 cream,

00:23:31.160 like straight

00:23:31.660 out.

00:23:32.380 Next level

00:23:32.880 down,

00:23:33.880 neutral to the

00:23:34.720 public,

00:23:35.680 but woke

00:23:36.260 in the boardroom,

00:23:37.800 right?

00:23:37.980 These companies

00:23:38.520 that act like

00:23:39.240 they're just

00:23:39.520 normal companies,

00:23:40.340 but their activity

00:23:41.080 in the background

00:23:42.220 is always

00:23:43.320 rising.

00:23:44.660 Yeah,

00:23:44.900 right.

00:23:45.060 We talk about

00:23:45.620 these phone

00:23:46.260 companies,

00:23:46.640 right,

00:23:46.860 where they're

00:23:47.620 donating all

00:23:48.360 their money

00:23:48.680 to Planned

00:23:49.240 Parenthood

00:23:49.640 and all this

00:23:50.000 stuff,

00:23:50.880 but they act

00:23:51.300 like the

00:23:51.560 normal company

00:23:52.080 that's just

00:23:52.360 trying to serve

00:23:52.760 you and sell

00:23:53.140 you cell phone

00:23:53.520 service.

00:23:53.840 Can you hear

00:23:54.100 me now?

00:23:54.700 Can you hear

00:23:55.520 me now?

00:23:56.000 Because I've

00:23:56.400 got the

00:23:57.720 screaming of

00:23:58.860 all of these

00:23:59.780 babies that are

00:24:00.400 dying right now

00:24:01.180 in my other ear,

00:24:02.020 so speak up a

00:24:02.780 little bit louder.

00:24:04.160 Now that's not

00:24:05.240 Bud Light.

00:24:06.180 That's not Bud

00:24:06.740 Weiser,

00:24:07.120 right?

00:24:07.440 They're not

00:24:08.000 neutral to the

00:24:08.720 public and woke

00:24:09.400 in the boardroom.

00:24:10.160 They're doing

00:24:10.480 the opposite.

00:24:11.080 They did a

00:24:12.080 bizarre sort

00:24:13.740 of outreach

00:24:14.700 to Dylan

00:24:16.640 Mulvaney

00:24:17.180 publicly and

00:24:19.200 then are trying

00:24:20.060 in the boardroom

00:24:20.680 seeming to

00:24:21.040 reverse that.

00:24:21.540 So that's the

00:24:21.900 next category.

00:24:22.860 Neutral in the

00:24:23.620 boardroom,

00:24:24.640 woke to the

00:24:25.200 public.

00:24:25.800 And I think

00:24:26.480 that's the type

00:24:27.040 of person that

00:24:27.520 is affected by

00:24:28.160 the ESG score,

00:24:29.020 right?

00:24:29.500 They're not

00:24:29.780 necessarily a

00:24:30.780 woke company,

00:24:31.600 but they see

00:24:33.040 these pressures

00:24:33.720 coming in.

00:24:34.840 They think maybe

00:24:36.260 it's the right

00:24:37.120 stance to sell

00:24:37.960 product to be

00:24:38.900 woke.

00:24:39.380 They don't care

00:24:40.140 about transgender

00:24:40.920 issues.

00:24:41.860 They're taking

00:24:42.340 positions to try

00:24:43.540 to act like

00:24:44.700 to get new

00:24:45.320 demographics in.

00:24:46.500 I think there's

00:24:47.380 another category.

00:24:48.260 I've got two

00:24:48.640 more.

00:24:49.040 Oh, okay.

00:24:49.560 So tell me if

00:24:50.040 these are covering

00:24:50.600 yours.

00:24:50.960 The next one is

00:24:51.600 neutral.

00:24:53.140 This is what

00:24:53.920 everything used

00:24:54.560 to be.

00:24:56.020 Back in the

00:24:56.700 day, everyone

00:24:57.960 was just like,

00:24:58.780 you know what?

00:24:59.440 We just want to

00:25:00.220 sell products.

00:25:01.500 If you want to

00:25:02.040 buy them, buy

00:25:02.900 them.

00:25:03.220 If you don't

00:25:03.460 want to buy

00:25:03.780 them, name 0.52

00:25:03.960 that product.

00:25:05.420 Now?

00:25:06.060 I don't know

00:25:06.440 there's any.

00:25:07.240 I mean, I don't

00:25:08.160 know.

00:25:08.600 Maybe there's

00:25:09.140 some, but

00:25:09.740 almost everybody

00:25:10.800 seems to have

00:25:11.360 some political

00:25:11.920 bend.

00:25:12.240 And then the

00:25:13.060 last one is

00:25:13.600 like, you

00:25:14.060 mentioned Verizon

00:25:14.760 earlier, the

00:25:17.180 category five, not

00:25:18.880 woke and proud of

00:25:20.080 it.

00:25:20.260 That would be

00:25:20.640 Patriot Mobile,

00:25:21.400 right?

00:25:21.800 Where Patriot Mobile

00:25:22.420 is just like,

00:25:23.080 yeah, we're not

00:25:24.200 woke at all.

00:25:24.820 We want to, we

00:25:25.400 want, we're pro-life.

00:25:26.980 We're a pro-life

00:25:27.660 Christian company and

00:25:28.880 we stand on that.

00:25:29.720 I think there's the

00:25:30.620 other category of

00:25:32.380 pretty hostile to the

00:25:34.000 woke thing, but

00:25:35.580 have to do it

00:25:36.800 because of what it

00:25:38.640 would mean for the

00:25:40.120 stock price.

00:25:41.040 They bought into

00:25:41.680 all the lies.

00:25:42.800 And I think that's

00:25:43.640 where Bud probably

00:25:44.760 is.

00:25:45.260 Yeah, I think of

00:25:46.560 that as.

00:25:46.980 They're not neutral.

00:25:48.320 You think they're

00:25:49.460 hostile to wokeness?

00:25:51.160 Hostile to wokeness?

00:25:51.940 I think they're, I

00:25:52.600 think, I think a

00:25:54.180 good majority

00:25:55.000 probably are hostile

00:25:56.580 to it, but when

00:25:58.140 sitting down and

00:25:59.040 they're just doing it

00:26:00.160 to get through.

00:26:01.040 I think of that as

00:26:01.900 that neutral in the

00:26:02.980 boardroom, but you're

00:26:03.660 right, neutral to

00:26:04.800 anti-woke in the

00:26:05.820 boardroom, right?

00:26:06.440 Like you're not,

00:26:07.000 they're not embracing

00:26:07.860 it.

00:26:08.080 And I think

00:26:08.980 that's where Bud

00:26:09.600 Light is.

00:26:10.120 So number one, I

00:26:11.200 think that's probably

00:26:12.440 the best target for

00:26:15.820 a, an outreach

00:26:17.120 campaign from

00:26:18.440 conservatives who

00:26:19.140 are frustrated by

00:26:19.800 this.

00:26:20.120 People who actually

00:26:21.520 are doing this

00:26:22.720 because they think

00:26:23.440 it's the right thing

00:26:24.300 to do to sell more

00:26:25.040 beer, right?

00:26:25.880 But you're not,

00:26:26.600 here's the thing,

00:26:27.600 you're not, in

00:26:29.420 today's world, there

00:26:32.240 is no forgiveness.

00:26:33.640 That's the problem.

00:26:34.800 There is no

00:26:35.820 forgiveness.

00:26:36.360 Well, but you just

00:26:37.440 said, when they did

00:26:38.860 this dilemma of

00:26:39.420 anything, that it's

00:26:40.820 over.

00:26:41.900 Yeah.

00:26:42.120 That does not show

00:26:42.900 forgiveness, right?

00:26:44.000 No, I know, because

00:26:44.660 Is there something

00:26:45.200 they could do to make

00:26:46.560 this right?

00:26:47.180 And you said

00:26:47.520 basically no.

00:26:48.500 Because nobody

00:26:49.300 believes anybody

00:26:50.100 anymore, right?

00:26:50.820 You have no trust.

00:26:51.860 Right.

00:26:52.220 No, that's true.

00:26:53.000 It's not like the

00:26:53.660 Clydesdale can go out

00:26:54.860 and say, but they

00:26:56.280 feed me oats and the

00:26:58.420 same kind of yummy

00:26:59.380 oats and hops that

00:27:00.820 are in this Bud

00:27:02.100 Light.

00:27:02.600 You know, there's

00:27:04.240 no, what can they

00:27:05.340 possibly do that you

00:27:07.520 will believe?

00:27:08.780 Nothing.

00:27:10.020 When you betray the

00:27:11.960 truth that hard, this

00:27:14.980 is why, this is why

00:27:16.200 sane Democrats are

00:27:17.780 jumping off the

00:27:18.720 Democratic wagon right 0.87

00:27:19.860 now.

00:27:20.580 Because that correction

00:27:22.700 is coming.

00:27:24.380 It's coming.

00:27:25.340 But like, isn't there

00:27:26.540 something in this

00:27:27.240 situation?

00:27:28.560 Logically, shouldn't we

00:27:30.360 be asking for

00:27:31.120 something?

00:27:32.140 Like, what happened

00:27:33.160 with Bud Light is

00:27:34.260 they came out and

00:27:34.880 they made a statement

00:27:35.480 which was not

00:27:36.360 incredibly strong, but

00:27:37.880 not incredibly weak

00:27:38.680 either.

00:27:38.940 They were basically

00:27:39.360 saying, like, we

00:27:39.860 went out of this.

00:27:40.460 We didn't mean to

00:27:41.000 get in the middle of

00:27:41.580 this.

00:27:42.060 And then the people

00:27:42.840 responsible were

00:27:43.720 suspended.

00:27:44.720 Now, maybe you

00:27:45.180 might say that's not

00:27:45.820 enough, but like,

00:27:48.000 there has to be

00:27:49.000 something we're asking

00:27:50.040 for if this is...

00:27:51.760 But what are we...

00:27:52.160 What's the point?

00:27:52.940 Why are we asking

00:27:53.880 for it?

00:27:54.320 I don't want to be

00:27:55.060 like them.

00:27:56.300 I don't want to say,

00:27:56.960 we'll let you go

00:27:58.440 ahead and sell your

00:27:59.440 beer as long as

00:28:00.960 you do X, Y, and

00:28:02.480 Z.

00:28:03.540 Make beer.

00:28:04.800 Right.

00:28:05.260 That's what I want.

00:28:05.820 Leave us alone.

00:28:06.520 I just want you to

00:28:07.000 be neutral.

00:28:07.700 Right.

00:28:08.020 Coinbase is neutral.

00:28:09.160 They say, look, we're

00:28:10.120 taking no stance on

00:28:11.440 anything unless it has

00:28:12.340 to do with crypto.

00:28:13.280 Correct.

00:28:13.740 That's the right

00:28:14.980 approach.

00:28:15.420 That's the right

00:28:16.040 approach.

00:28:16.460 Once you've crossed

00:28:17.580 the Rubicon, I don't

00:28:18.960 think you get your

00:28:19.740 credibility back.

00:28:21.240 This is a massive

00:28:22.280 organization, right?

00:28:23.880 They hired someone

00:28:24.780 and look, I'm not

00:28:25.860 defending Bud Light

00:28:26.600 because I don't like

00:28:27.840 what they did here and

00:28:28.740 I don't like the fact

00:28:29.580 that they hired someone

00:28:30.400 initially, right, to

00:28:31.860 whose stated goal was

00:28:33.900 to remake this brand

00:28:34.860 because it became too

00:28:35.740 fratty, right?

00:28:37.180 Like that, that's a

00:28:37.940 terrible idea.

00:28:38.660 They shouldn't have

00:28:39.040 done that in the

00:28:39.460 first place.

00:28:40.100 But like, at some

00:28:42.360 point, if they do

00:28:44.140 something, if someone

00:28:44.780 does something that's

00:28:45.980 wrong and you think

00:28:47.340 it's wrong, usually

00:28:49.120 what we would say is,

00:28:50.140 hey, okay, make it

00:28:51.620 right.

00:28:52.200 But this isn't a

00:28:52.840 person.

00:28:53.580 No, it's a company.

00:28:54.580 Yeah, it's a brand.

00:28:55.640 You should care less

00:28:56.400 about it then, right?

00:28:57.620 Shouldn't you care less

00:28:58.360 about whether, who can,

00:28:59.260 you never believed in

00:29:00.260 Bud Light's

00:29:00.920 credibility as a bunch

00:29:02.560 of human beings.

00:29:03.460 They're just a nice

00:29:04.200 watery beer that's

00:29:05.100 really available.

00:29:06.100 I don't know, I don't

00:29:07.140 know how I, I don't

00:29:08.580 know how I can express

00:29:10.480 this in a different

00:29:11.900 way.

00:29:13.200 We, we are,

00:29:15.980 Americans feel 0.79

00:29:17.440 betrayed.

00:29:18.720 Right.

00:29:19.000 And when you've

00:29:21.280 betrayed, I'm sorry, you

00:29:24.260 can be nice.

00:29:25.120 And over time, just

00:29:26.820 make beer.

00:29:27.740 Yeah.

00:29:28.080 And over time, maybe,

00:29:30.220 maybe.

00:29:30.700 I'm not against you,

00:29:31.900 Bud Light.

00:29:33.000 I'm, I'm not going to

00:29:34.800 support you because I'm

00:29:37.460 an alcoholic.

00:29:38.200 But beyond that, I

00:29:40.700 wouldn't be drinking

00:29:41.500 Bud Light right now

00:29:42.800 because you, I feel

00:29:44.460 betrayed by you.

00:29:45.380 But over time.

00:29:46.340 But over time.

00:29:47.100 You show your record

00:29:48.100 is strong over time

00:29:49.120 and you don't do

00:29:49.660 this again.

00:29:50.280 And you might want

00:29:52.080 to look to do

00:29:53.260 things that are

00:29:54.860 standing behind.

00:29:57.420 You know what, Bud?

00:29:59.120 Here's what you can

00:30:00.120 do.

00:30:01.980 And I don't know if I

00:30:02.960 would even accept it,

00:30:04.460 but something like

00:30:05.560 this.

00:30:06.700 Put our American

00:30:08.340 museum that is

00:30:09.520 teaching the truth

00:30:10.720 about America.

00:30:11.860 You become the

00:30:12.760 national sponsor of

00:30:13.960 it.

00:30:14.640 And pay for it to go

00:30:16.340 on the road for the

00:30:17.080 next year.

00:30:18.020 Now they would say,

00:30:18.780 of course, then we're

00:30:19.280 taking a stance on the

00:30:20.180 right.

00:30:20.460 We're not being

00:30:20.900 neutral.

00:30:21.440 We're not just

00:30:21.860 making beer.

00:30:22.660 Since when is

00:30:23.260 American history

00:30:24.580 associated with you?

00:30:28.080 You are obviously

00:30:29.880 a right.

00:30:30.620 I'm on the show.

00:30:31.960 They would associate

00:30:31.980 with girl power,

00:30:33.500 but not somebody who

00:30:35.260 believes in the

00:30:36.020 Constitution.

00:30:37.280 I am literally on

00:30:38.940 this show and have

00:30:39.720 been for 25 years and

00:30:40.720 I don't want to

00:30:41.060 associate with you.

00:30:41.800 I understand their

00:30:42.620 stance here.

00:30:43.760 No, but I know.

00:30:44.840 I know.

00:30:45.360 And I'm not saying

00:30:46.700 that that would be a

00:30:47.760 quick fix.

00:30:48.680 No, it wouldn't.

00:30:49.720 You know, there

00:30:50.420 would be a lot of

00:30:50.940 people that go, I'm

00:30:51.780 going to go.

00:30:52.280 But Bud Light, what

00:30:53.940 were you doing?

00:30:55.040 What were you doing?

00:30:56.200 But over time, maybe

00:30:58.760 they can rebuild it.

00:30:59.900 But otherwise, I

00:31:02.340 mean, I have no

00:31:03.200 suggestion.

00:31:04.040 They're Bed Bath and 0.91

00:31:04.880 Beyond.

00:31:05.660 That's what they are.

00:31:07.220 A brand that you

00:31:08.340 thought would be

00:31:08.980 around forever.

00:31:09.960 Forever because you

00:31:11.260 need bed stuff and

00:31:12.920 you need bath stuff

00:31:14.140 and sometimes you

00:31:16.660 go beyond.

00:31:18.240 That's it.

00:31:19.160 Bye-bye.

00:31:19.880 You're listening to

00:31:20.920 the best of the

00:31:21.640 Glenn Beck program.

00:31:24.020 There's a book out

00:31:24.900 called When Race

00:31:26.260 Trumps Merit.

00:31:27.440 It's written by

00:31:28.360 Heather McDonald and

00:31:30.240 she's with the

00:31:31.480 Manhattan Institute.

00:31:33.420 She's a fellow there

00:31:34.380 and she's on with us

00:31:35.880 now.

00:31:36.100 Hi, Heather.

00:31:37.260 Hi, Glenn.

00:31:38.040 Thanks for having me

00:31:38.760 on.

00:31:39.020 Sure.

00:31:39.580 So do we ever get

00:31:41.600 back to merit in

00:31:42.980 this country?

00:31:44.460 We could with

00:31:46.380 relative ease, but it

00:31:48.080 requires courage.

00:31:49.660 So all it takes is

00:31:51.280 courage to stand up to

00:31:52.740 the phony charge of

00:31:53.840 racism and to say

00:31:55.940 that standards are

00:31:57.140 not racist.

00:31:58.840 The racial disparities

00:32:00.580 in our country are not

00:32:01.920 due to racist standards.

00:32:03.280 They're due to

00:32:04.440 academic skills gaps.

00:32:06.740 They're due to

00:32:07.420 criminal offending.

00:32:09.020 disparities, but right

00:32:11.100 now the American

00:32:12.020 civilization should not 0.98

00:32:15.060 be apologizing for

00:32:16.400 itself.

00:32:17.180 We are not today a

00:32:19.780 racist country, but

00:32:21.180 what we're doing is

00:32:22.180 tearing down

00:32:23.060 meritocratic standards

00:32:24.320 across the board,

00:32:25.920 whether it's in

00:32:26.780 medicine, science,

00:32:28.300 law, the arts,

00:32:32.040 policing, all because

00:32:34.320 those standards are

00:32:36.100 being accused of

00:32:37.240 having a racist

00:32:38.360 impact on

00:32:39.580 underrepresented

00:32:40.360 minorities.

00:32:41.920 But how, let me, let

00:32:42.920 me, let me take you to

00:32:43.960 Budweiser.

00:32:46.160 Budweiser, we were just

00:32:47.080 having a conversation.

00:32:47.920 How do they get their

00:32:48.600 credibility back?

00:32:49.980 Well, they can't.

00:32:50.900 They will over time, I

00:32:52.540 suppose, if they just

00:32:53.500 don't do more stupid

00:32:54.520 things.

00:32:55.920 However, you know, this

00:32:58.040 has infected

00:32:58.760 everything.

00:33:00.140 The reason why Bud, you

00:33:03.760 know, was rejected here

00:33:05.000 is, I don't want any of

00:33:07.060 this crap.

00:33:07.780 I just want the beer.

00:33:09.600 Leave us alone.

00:33:11.840 Just want the beer.

00:33:13.940 Everything now is about

00:33:15.320 politics.

00:33:16.700 How do we get out of

00:33:18.860 that?

00:33:20.300 Yeah.

00:33:20.680 I mean, everything's

00:33:21.820 about politics, but a lot

00:33:23.700 of it is about race.

00:33:24.880 And we need people in

00:33:27.000 medicine to stand up

00:33:29.040 and say, I'm an

00:33:30.100 oncologist.

00:33:30.960 I have devoted my life

00:33:32.400 to trying to cure

00:33:33.780 cancer.

00:33:34.640 I am not going to

00:33:35.920 accept the charge that

00:33:37.300 is coming out of the

00:33:38.320 federal government, out

00:33:39.440 of the National

00:33:40.040 Institutes of Health,

00:33:41.600 out of the National

00:33:42.360 Cancer Institute, that

00:33:44.080 medicine is racist.

00:33:46.380 I am not going to

00:33:47.720 accept the charge that's

00:33:49.220 coming out of our

00:33:50.080 scientific journals that

00:33:52.100 says that science is

00:33:53.860 racist.

00:33:53.880 racist.

00:33:54.860 If people started

00:33:56.300 saying that and

00:33:57.780 refusing to put their

00:33:59.100 heads down and go

00:34:00.780 along with the elites

00:34:02.140 and defend meritocratic

00:34:04.860 standards that are 0.87

00:34:05.960 colorblind, objective,

00:34:08.000 and constitutional, the

00:34:09.840 whole thing would

00:34:11.280 collapse.

00:34:12.400 I will tell you,

00:34:13.520 especially when it

00:34:15.080 comes to medicine, the

00:34:17.300 fact that if you are

00:34:20.960 underprivileged or

00:34:23.060 intersected in any way,

00:34:25.140 shape, or form, you

00:34:27.000 get into medical

00:34:28.400 school much faster

00:34:30.020 than somebody who

00:34:30.960 just happens to be

00:34:32.220 really, really smart

00:34:33.460 and gifted, wants to

00:34:34.920 be a doctor, but

00:34:36.540 they have no

00:34:37.660 intersections on

00:34:38.780 them, then the good

00:34:42.160 ones are being kept

00:34:43.380 out.

00:34:44.320 Just for our new

00:34:47.760 balancing act that

00:34:49.440 we're doing, we

00:34:50.800 are going to really

00:34:51.960 suffer a consequence

00:34:53.320 because the best

00:34:54.920 doctors are not

00:34:56.140 going to be the

00:34:57.880 best doctors.

00:34:59.680 Because they

00:35:00.020 weren't allowed in.

00:35:02.560 Black and Hispanic

00:35:03.820 seniors are being

00:35:05.340 accepted to medical

00:35:06.420 schools with scores

00:35:08.000 on the medical

00:35:08.820 school admission test

00:35:10.180 and GPAs that would

00:35:11.640 be automatically

00:35:12.400 disqualifying if

00:35:14.020 presented by whites

00:35:15.000 and Asians.

00:35:15.580 That's based on the

00:35:17.240 phony charge that

00:35:18.300 those medical school

00:35:19.200 admissions tests are

00:35:20.220 racist.

00:35:20.960 They are not.

00:35:22.040 There are schools that

00:35:22.920 are waiving them

00:35:23.680 entirely for black 1.00

00:35:25.340 students.

00:35:26.300 And when students are

00:35:27.240 admitted with lower

00:35:28.440 qualifications than

00:35:29.660 their peers, they

00:35:30.860 understandably and

00:35:32.080 predictably struggle.

00:35:34.300 In a sense, it's not

00:35:35.420 their fault.

00:35:36.080 It's the fault of the

00:35:36.980 admissions officers that

00:35:38.740 are subjecting the so-called

00:35:40.720 beneficiaries of racial

00:35:42.040 preferences to an

00:35:43.160 absolutely unfair

00:35:44.180 handicap.

00:35:45.220 But they struggle.

00:35:46.220 And guess what the

00:35:46.840 next step has been?

00:35:48.300 Get rid of further

00:35:49.520 standards.

00:35:50.300 So we have now

00:35:51.340 dismantled the step

00:35:53.700 one of the medical

00:35:54.660 licensing exam, which

00:35:56.020 comes after the second

00:35:57.040 year of medical school

00:35:59.060 to test students' basic

00:36:00.320 knowledge of anatomy,

00:36:02.040 physiology, drug

00:36:03.200 interactions.

00:36:05.000 Blacks weren't doing 1.00

00:36:06.040 very well on that

00:36:07.060 exam.

00:36:08.060 So we have gone, last

00:36:09.460 year we changed it from

00:36:10.940 a graded system to a

00:36:13.100 pass-fail system to

00:36:14.780 cover up the fact that

00:36:16.680 blacks are not learning 1.00

00:36:17.740 as much.

00:36:18.360 So they get passed

00:36:19.180 along and then the

00:36:20.120 pressure is on, on

00:36:21.600 medical school hiring

00:36:22.840 committees to hire on

00:36:24.720 the basis of race, not

00:36:25.940 merit, put people on

00:36:27.340 hospital staff on the

00:36:28.560 basis of race, not

00:36:29.520 merit.

00:36:30.100 The American Medical

00:36:31.020 Association, the

00:36:32.380 American Association of

00:36:33.540 Medical Colleges is all

00:36:35.380 behind this.

00:36:36.780 You read their

00:36:37.400 documents and it's like

00:36:38.640 reading something out of

00:36:39.660 a black studies class.

00:36:41.260 It is mind-boggling.

00:36:42.340 I have doctors on a

00:36:44.300 daily basis sending me

00:36:46.560 pronouncements from

00:36:47.620 their associations of

00:36:49.940 hematology or oncology

00:36:51.940 or neurology, people

00:36:53.400 trying to cure 0.56

00:36:54.060 Alzheimer's disease, that

00:36:55.760 are saying everything

00:36:57.000 from now on has to be

00:36:58.420 about anti-racism.

00:37:00.420 This is a lie, Glenn, and

00:37:02.980 the scab thing is that

00:37:05.860 people are still

00:37:06.900 terrified.

00:37:07.640 They're terrified of

00:37:08.340 losing their jobs if they

00:37:10.340 stand up to this

00:37:11.620 narrative, but that is

00:37:13.360 what it's going to have

00:37:14.200 to take.

00:37:16.500 Nobody's going to do

00:37:17.460 this for us.

00:37:18.740 We have to take it back

00:37:20.300 ourselves and start

00:37:22.240 telling the truth that

00:37:24.060 though this country had a

00:37:25.560 deplorable, heartbreaking

00:37:27.600 history of gratuitous

00:37:29.840 cruelty towards blacks, that 1.00

00:37:31.860 I think actually the

00:37:33.100 conservative narrative

00:37:34.100 about America does not

00:37:35.940 sufficiently account for.

00:37:37.860 We are not that country

00:37:40.040 today.

00:37:41.240 The reality is, frankly,

00:37:42.920 black privilege, not 0.52

00:37:43.960 white privilege.

00:37:44.980 I don't know a single

00:37:46.180 high school senior who's

00:37:48.120 black who is putting down 0.99

00:37:49.460 his race as white, thinking 0.87

00:37:52.080 that that will improve his

00:37:53.380 chances for admissions, but

00:37:55.540 I know a lot of white males

00:37:57.120 who are wondering if they

00:37:58.660 can get away with putting

00:37:59.820 down their race as black 0.86

00:38:01.780 because they know perfectly

00:38:03.260 well, that that will give

00:38:04.920 them an enormous, enormous

00:38:07.060 admissions boost.

00:38:08.520 These are not the ways of a

00:38:10.700 white supremacist country.

00:38:14.680 Heather, these organizations

00:38:17.020 keep coming up with the same

00:38:18.240 point, which is, of course,

00:38:19.140 we want the best doctors.

00:38:20.340 We want the best people

00:38:21.280 here, but we also want a

00:38:23.120 diverse staff.

00:38:24.560 We want to make sure we're

00:38:26.560 hitting those diversity goals

00:38:27.760 as well.

00:38:28.760 Can they do both?

00:38:30.220 They cannot, unfortunately.

00:38:33.560 And Ben, Glenn, this is a

00:38:35.020 difficult thing to talk

00:38:36.080 about.

00:38:36.680 It violates racial etiquette. 0.53

00:38:38.200 People don't want to hear

00:38:39.080 it.

00:38:39.240 It makes them uncomfortable.

00:38:40.980 But given the size of the

00:38:43.040 academic skills gap right now,

00:38:45.580 and let me give you some

00:38:46.420 data.

00:38:47.500 Blacks are if you look at 1.00

00:38:49.740 12th graders, black

00:38:51.400 students, 66 percent of

00:38:53.720 12th grade black students do 0.93

00:38:55.520 not possess even partial

00:38:56.760 mastery of 12th grade math

00:38:58.980 skills.

00:38:59.940 That means doing arithmetic,

00:39:01.640 reading a linear function on

00:39:02.800 a graph.

00:39:03.280 66 percent are below basic.

00:39:06.160 The number who are actually

00:39:07.860 advanced in math is too small

00:39:10.620 to show up statistically on a

00:39:12.240 nationwide basis.

00:39:13.940 This means it is

00:39:14.820 mathematically impossible to

00:39:17.620 have proportional representation

00:39:19.280 in our meritocratic STEM

00:39:21.460 organizations.

00:39:22.940 You can have diversity or you

00:39:24.640 can have meritocracy.

00:39:26.280 You cannot have both.

00:39:27.540 diversity, here's a translation

00:39:31.380 key for your listeners, Glenn.

00:39:33.900 Diversity is simply code word

00:39:35.800 for racial preferences.

00:39:37.420 When any institution is saying

00:39:39.020 we're doing diversity, it means

00:39:40.880 we have double standards.

00:39:42.280 We're lowering our standards in

00:39:44.480 order to create diversity because

00:39:46.400 right now you cannot have both

00:39:49.600 diversity and meritocracy.

00:39:51.160 And we have to start standing up

00:39:52.640 for meritocracy and say we'll

00:39:54.620 solve those skills gaps, but the

00:39:57.200 way to solve them is not to tear

00:39:59.640 down our standards.

00:40:02.700 So usually, I mean, I would hate

00:40:05.700 to be a Christian missionary in the

00:40:09.400 good days and my zone is, you know,

00:40:14.460 the Wall Street area because

00:40:17.260 nobody successful, nobody, you know,

00:40:19.880 at the top of their game is

00:40:22.420 miserable enough to question

00:40:24.340 what am I doing wrong?

00:40:26.880 Right now, the American people are

00:40:29.340 not deeply questioning, but when

00:40:32.380 medicine, for instance, starts to go

00:40:34.840 down and you have, you know, bad

00:40:39.280 service, we become more like

00:40:41.620 Venezuela or Cuba, then we'll ask,

00:40:44.380 but it will be too late then.

00:40:46.380 How do we get people to understand

00:40:48.380 today what's coming our way?

00:40:53.120 Well, they've got to get the facts

00:40:55.220 about what's going on.

00:40:56.880 I mean, that is in my book.

00:40:58.620 I would say that you start with the

00:41:01.120 people with power, the people that

00:41:03.520 are seeing it.

00:41:04.560 Again, it's, I am, I'm getting this

00:41:08.400 avalanche of material for people that

00:41:11.680 do know what's going on from the

00:41:13.400 doctors, from the scientists who see

00:41:16.480 that their entire life's work is

00:41:21.080 being jeopardized and torn down by

00:41:24.480 this diversity obsession.

00:41:26.540 So, can you give me any examples,

00:41:28.880 any stats or anything where you're

00:41:30.540 seeing the impact now?

00:41:36.060 Well, with medicine, yes.

00:41:38.960 I mean, I've seen, for instance,

00:41:42.800 people, for heads of medical schools,

00:41:45.680 which is important, the heads of a

00:41:48.880 medical school are going to set

00:41:51.780 priorities, they're going to set the

00:41:53.720 tone, they're going to get federal

00:41:55.660 funding.

00:41:56.720 I have seen the candidates that are

00:42:00.000 chosen, and I have seen people with

00:42:02.520 enormous cancer research success,

00:42:06.240 just the leaders in the field, not get

00:42:09.320 the job because they're white males.

00:42:12.720 And the people that do get the job are,

00:42:14.760 as you say, intersectional.

00:42:17.400 As far as being able to point to

00:42:20.320 somebody dying because he comes through

00:42:23.620 the emergency room after a car crash,

00:42:26.220 and he gets a racial preference

00:42:27.760 beneficiary, I don't see that.

00:42:31.000 I can see in the area of public safety,

00:42:33.740 I don't see it yet, but it will happen.

00:42:37.040 But I can tell you that this disparate

00:42:39.260 impact thinking that I write about is

00:42:41.400 taking lives in public safety.

00:42:45.360 You know, if your listeners, Glenn, are

00:42:47.800 scratching their heads and saying, what

00:42:49.280 the heck is going on in law enforcement

00:42:51.720 today?

00:42:52.060 Why are all these prosecutors not

00:42:53.800 prosecuting the law, you know,

00:42:57.020 overlooking theft, turnstile jumping,

00:42:59.860 shopping, shoplifting, trespass, assault,

00:43:03.160 disorderly conduct, and just saying,

00:43:05.260 we're not going to do anything about it.

00:43:07.020 The reason they're not doing anything

00:43:08.640 is because of disparate impact.

00:43:10.920 Were they to enforce the law in a

00:43:13.040 colorblind, neutral, constitutional

00:43:14.900 fashion, it will have a disparate

00:43:17.740 impact on black criminals, not because

00:43:20.040 the law is racist, but because the crime

00:43:22.100 rights are so much higher.

00:43:23.400 When you back off of policing in the name

00:43:26.460 of disparate impact, when you back off

00:43:28.700 of prosecution in the name of fighting

00:43:30.960 disparate impact, lives are lost.

00:43:33.800 2020 saw the largest one-year increase

00:43:35.960 in homicide in this nation's history, 29%.

00:43:40.080 Carjackings are spreading out of the

00:43:42.520 inner city into the suburbs.

00:43:44.540 People are having, you know, their

00:43:46.100 jewelry torn from their necks, eating

00:43:49.260 outdoors in restaurants.

00:43:51.160 We see the flash mobs that have been

00:43:53.800 going down the Magnificent Mile in

00:43:56.060 Chicago for years because they fear

00:43:58.560 no, they fear no consequences for

00:44:01.240 their action.

00:44:02.440 So certainly in the field of public

00:44:04.340 safety, we are seeing lives being

00:44:07.020 taken and overwhelmingly their black 0.93

00:44:09.000 lives, their black children who are

00:44:10.540 being gunned down and drive by

00:44:12.440 shootings to not a peep of protest from

00:44:16.120 the Black Lives Matter activists.

00:44:17.820 Why?

00:44:18.460 Because they're being shot by other

00:44:19.780 blacks. 0.68

00:44:20.200 They're not being shot by the police.

00:44:21.820 They're not being shot by the white, by 0.98

00:44:23.300 whites.

00:44:23.880 They're being shot by blacks. 1.00

00:44:25.260 And therefore, those black victims are 0.86

00:44:27.420 of no concern to Al Sharpton or Benjamin

00:44:30.200 Crump, the ubiquitous civil rights

00:44:32.440 attorney.

00:44:33.900 So this is a philosophy that disparate

00:44:38.300 impact is inherently racist that must be

00:44:42.060 fought.

00:44:42.640 And it will start happening in STEM.

00:44:46.200 It will slow down our scientific progress.

00:44:48.420 China is going full speed ahead with its 0.99

00:44:53.000 nanotechnology.

00:44:54.160 It is grooming its students for the most

00:44:56.520 challenging mathematical tests possible.

00:45:01.440 It doesn't give a damn about diversity.

00:45:03.460 It just wants to throw everything it's got at

00:45:06.540 its gifted and talented programs.

00:45:08.200 Meanwhile, here in the U.S., we are

00:45:10.460 dismantling gifted and talented programs.

00:45:12.720 We're saying, you may be gifted in math, but you're

00:45:15.720 not allowed to excel because it will be racially 0.99

00:45:19.820 disparate.

00:45:20.960 We will not have 13% at this point black students in our

00:45:26.400 gifted and talented programs.

00:45:27.700 Therefore, nobody should be in a gifted and talented

00:45:30.740 program.

00:45:31.260 We don't want you to do calculus in the ninth grade if

00:45:35.240 you're capable of it, because you will not be in a

00:45:38.380 diverse class of students.

00:45:40.040 This is a death knell to freedom, to capitalism, and to

00:45:47.540 everything that we have built if we don't turn this

00:45:51.080 around.

00:45:51.340 The name of the book is When Race Trumps Merit.

00:45:54.320 The author you've been listening to is Heather

00:45:56.280 McDonald.

00:45:57.080 She's from the Manhattan Institute, where she is a

00:45:59.980 fellow.

00:46:00.160 Again, the name of the book is When Race Trumps Merit.

00:46:04.360 Heather, thank you so much.

00:46:06.000 Thanks for the conversation, Glenn.

00:46:07.420 You bet.

00:46:07.740 Bye-bye.

00:46:07.940 I appreciate it.

The Glenn Beck Program - May 02, 2023

Best of the Program ｜ Guest： Heather Mac Donald ｜ 5⧸2⧸23

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