Best of The Program | Guest: Steve Deace | 3⧸23⧸20
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Summary
It's an interesting time in the coronavirus saga, and we're here to talk about it. We talk about a possible turn in public opinion, and whether we have enough facts to make the decisions about what to do about it, and who's going to be the first person to die from it.
Transcript
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welcome to the podcast it is uh it's an interesting time in the coronavirus saga we get into that
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today talking about sort of a maybe a turn in the tide of the public opinion where people are
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starting to think well this is a dangerous thing but when does it end how do we end it we need to
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figure out something before the economy dissolves in front of our eyes also looking at what else
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the spending is going to do to us we're talking about multiple trillions of dollars that are
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going to be spent uh steve dace joins us to outline his new column which is up on the blaze.com which
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kind of talks about whether we have enough facts to make the decisions about coronavirus and we uh
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get into a bunch of other stuff as well make sure you check it out you know this this really does
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sort of develop as the minute goes on but we have not only uh the radio show today if you're listening
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to the podcast also stew does america we have going on tonight uh airs at 8 p.m eastern if you're on
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blaze tv but uh you can subscribe right now get all episodes for free on youtube or right here on
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your podcast app searching for stew does america and clicking subscribe we would love that and don't
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forget to rate and review this podcast as well five stars is the appropriate amount of stars uh as
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designated by dr fauci himself so here's the podcast
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you're listening to the best of the glenbeck program
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all right our coronavirus update from john hopkins university the daily stats are locked in at 5 30
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a.m central time total confirmed cases worldwide 341 632 think of that that's up almost 100 uh i'm sorry
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yeah a hundred thousand holy cow that's up almost a hundred thousand since friday total confirmed deaths
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14 749 that is up almost 5 000 or five yeah 5 000 these numbers are they're getting so huge and the jumps are getting so huge it's hard to
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even imagine total confirmed recovered worldwide 99 000 up 10 000 from friday total confirmed recovered
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worldwide 89 000 up from 85 now 192 countries have confirmed cases up from 182 only two countries the marshall islands
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and saint kitts do not have confirmed cases saint kitts isn't that not a place where all the rich people live
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saint kitts yeah that's very nice very nice saint kitts have you been to saint kitts i i've never been there
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i've done a lot of research on it because you can buy citizenship there uh so i'm really i'm very much
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looking into that uh as we see more and more attractive the price might be going up as we speak
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if it's uh what what is what is citizenship cost nowadays um it varies very widely depending on where
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you would like to go really there are like saint kitts they don't have they don't have the coronavirus i
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believe saint kitts is several hundred thousand dollars uh which is okay a lot not buying a lot less
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expensive is there like a kit is there like a kit saint kitts like a kit car but it's not exactly
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saint kitts but it's kind of a knockoff that's a lot cheaper there are i got a hundred bucks what
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country would take me um there's not a lot that will do it for a hundred bucks there are some all
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right that that are like countries you've like never heard of they're like landlocked in the middle
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of madagascar that you can go to yeah for cheaper yeah there's one right right there that the the
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pirates like to to take right off right off of africa that you're like oh well they'll take you
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yeah they'll also they've got pirates hanging out there all the time too army maybe yeah five percent
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now of active cases are considered serious requiring hospitalization that's steady from five percent
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friday but remember three weeks ago that number was 19 percent by the way our sincerest thoughts and
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prayers to amy klobuchar's husband john who has the coronavirus is not on a respirator yet but is
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getting oxygen he was coughing up blood it it's very bad for him so please keep klobuchar's the
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klobuchar's in your prayers um you know i may not vote her way but she's an american and we're all in
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this one uh together and who's going to be the first celebrity stew who's going to be the first
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person that gets this that dies i think that will be a significant moment you know if we would have
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lost tom hanks or rita that would have been bad yeah no i know i do think that there's a moment like
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that that's very potentially possible here where you you see one of these people who seem you know you
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think a lot of these people almost seem uh insurmountably protected from the world right
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did you hear did you see the press conference on friday with what the president said he said he can't
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walk into a room without somebody taking his temperature he said every time you move from
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room to room in the white house somebody's there beep beep beep taking your temperature
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unbelievable imagine i know so it's a different world man one people one billion people now
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sheltering in place more than a billion people remain indoors in india for a 14 hour curfew as
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singapore banned all short-term visitors now you know what's amazing is they only had a 14 hour curfew in
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india if you're going to keep people inside india seems like didn't i've always wanted to go to india
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but i've never wanted to go to india you know it's one of those i'd love to see the taj mahal i'd love to
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go see you know a beautiful place in india uh that i can't name right now i'd like to go to india
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i think it would be a wild experience but i want the india that i see like in uh oh i don't know uh
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indiana jones where it doesn't smell i can go to the counter for popcorn and a coke you know what i
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mean i want i want to experience some of these places maybe just in the movies i'd like to go but
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i don't think i ever will because it doesn't seem like a safe place um all right planting season is
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here and there is a worker shortage this one could be a problem the farming industry is warning that
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immigrant visa restrictions due to the coronavirus pandemic could mean a loss in farm labor sharp enough
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to hurt its ability to get many items to the grocery store shelves if the current policy holds
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we will have some very serious shortages of labor that's according to the western growers association
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we don't go out and pick our own fields we don't do that and i don't see american children running out
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to do that anytime soon um this could be a real problem uh coming at the end of the growing season
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we really need to have the president look into that respiratory therapist describes the terrifying
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lung failure from covid19 even in his young patients he said it first struck me how different it was
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and how my first from my first corona patient i was like holy crap this is definitely not like the flu
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watching this relatively young guy gasping for air pink frothy secretions coming out of his tube said
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the therapist on condition of anonymity because he's not authorized to speak at his hospital
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but reading about it in the news i knew it was going to be bad but we deal with the flu every year so i
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was thinking well it's probably not that much worse but seeing patients with covid19 it has completely
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changed my perspective it is a lot more frightening donald trump on sunday announced that he has activated
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the national guard in california new york and washington state in order to combat the spread of coronavirus
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he said this is war and we're going to treat it like a war the administration emphasized the deployment of
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guard members does not constitute martial law there's a really nasty rumor going on around martial law
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and it is a rumor the the um some units have been put under notice to remain prepared to be called up for
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service here in america but that is not for martial law and that is not nationwide state governors retain
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command of the national guard but federal emergency management agency will cover all of the cost of the
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missions to respond to the virus outbreak that's according to the president that's huge the huge
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the white house said more than 1100 troops should be deployed to start with more to follow as needed
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is anybody else sick of de blasio and everybody else just tearing down the president that he can do
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no good i i mean i can't i can't take it anymore what are you guys doing and by the way have you seen the
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latest poll numbers looks like cuomo starting to make an impact was cuomo just was this a stealth run
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for mar for uh for uh governor cuomo is it is that what this is was he just because he's been you know
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forefront in the news now again he is the governor of new york and his brother is on cnn but now there
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are those in the democratic party that are saying oh you know maybe he should run for president
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senate democrats block covid19 stimulus and relief plan the trillion dollar coronavirus uh stimulus
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package that would help offset the devastating economic effects of the virus hit a roadblock
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last night as democrats blocked the procedural vote on the measure uh it was deadlocked at 47 with
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five republicans not in the chamber including senator ran paul who announced sunday that he does have the
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virus mnuchin our treasury secretary said that the bill which has grown to as much as 1.8 trillion
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includes direct deposit checks to americans and expanded unemployment benefits democrats want more money
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guaranteed toward child care expanding funding funding for women's health care and more for the aid
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package guaranteed to go toward hospital and health care workers you know i love this funding for
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women's health care what do you think what do you think they meant in that uh stew they're from the
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new from the new york times what do you think that was the only kind of health care that matters for
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women to democrats which is of course uh aborting their baby yeah so from grocery stores to the elderly
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delivering meals or offering free classes online online acts of kindness during the coronavirus pandemic
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are providing uplifting moments of joy in the united states where we are just freaking out it seems
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all the time you're listening to the best of the glenn beck program
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welcome to the glenn beck program we're glad you're here uh there is a vote going on here in a second
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give me an update on the stock market will you stew uh yeah it's at a couple hundred points uh they're
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waiting for the vote of course and there was a very large uh you've got a speaker on or something
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there i know i know there's a very large promise from uh the uh fed that uh said they would give
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unlimited money basically to back the economy that's what they're promising so so i could you
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just say that again because i think that's uh what was that again just just unlimited money from the
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fed to back the economy which is totally sustainable like we should totally look at that as a long-term
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solution yeah right so there's no limit to the money that they will use to bail out the market
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now see when i see something like that i think to myself oh now's not the time to put money into the
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market right does that does that help you or make things worse because for me i'm like oh
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no that's not a good sign no that's not a good sign no it's not it's a little yeah these things so
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far haven't worked right they've tried this over and over again over the past couple weeks where
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they're just dumping remember the first ask for the stimulus project uh process was 750 billion dollars
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by chuck schumer and then the administration came back to 850 billion dollars we're now north of two
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trillion dollars and we should add on to that that it's that does not include the four trillion
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dollars they're promising in uh backing from the fed and other uh and now i guess unlimited money
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yeah that's what they're saying that's only six trillion that's not that's not like four quadrillion
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that's a great point if you compare it to that well remember remember yeah remember it remember the
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banks are only uh with the the cdo's now they're only a quarter of a quadrillion dollars deep so
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yeah you know it used to be you know that a trillion dollars here and a trillion there added up to some
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real money i'm glad that's not the case anymore amen brother yeah you remember when a trillion dollars
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meant something everyone 775 billion remember it was 770 or 775 something like that for a tarp and we
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were we were freaking out 700 billion dollars now they're like on whatever doesn't matter four trillion
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we did last week i think we could do another seven and we just got to keep those printing machines just
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well oiled holy cow money is like doritos corn chips now you just eat all you want we'll make
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more spend all you want we'll print more that's great right it doesn't matter yeah i love it uh so
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let me uh let me just go over the news the reason why we're looking at the market is not because it's
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what we do every day here in the last few weeks uh but uh also because mitch mcconnell had a vote in
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the senate last night uh and it didn't go well uh 47 votes uh from the gop not a single single person
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uh voted for it on the democratic side and he said okay here's what we're gonna do we're gonna vote at
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9 45 in the morning the exact same vote that we had at 6 p.m tonight we're gonna vote 9 45 tomorrow
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morning 15 minutes after the markets open i'll see if there's a change of heart then
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holy cow holy cow uh that sounds like a democratic move quite honestly yeah i wish it wasn't on a
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spending thing but i am glad they finally you know learned how to do that yeah it's good to see the
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republicans with some giblets for a change because they never do this they they never force their will
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even when they have the majority and and when they have the majority in all three branches they still
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don't so it's it's kind of nice to see that they're you know at least trying to do something
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they're trying to do the wrong thing but at least they're trying to do something well um nancy pelosi
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is offering her own emergency support bill uh and uh and that's fun and that's fantastic i'm so happy
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for it did you guys see that um there is a democratic group now that has launched a six million dollar
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campaign attacking trump on coronavirus response no does anybody think that's going to be working
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that's going to work well for them no not in the middle of it certainly i mean if it gets completely
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out of control they may look back at it and and you know pick them apart or whatever they're going to
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try that i mean you've noticed the testing talking point has gone completely out the window when's the
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last time you heard it gone gone it's dead because they you know it's ramped up so quickly and now
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we're testing at rates three times what south korea uh well at least in numbers i should say
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uh three times as many as south korea is testing which is pretty impressive and it's happened pretty
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quickly that talking point's just gone now you just let you just eliminate that one from your memory
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remember it was the most important thing well there's nobody there's yeah there was nobody as good as
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south korea just last week and i guess there's not anybody that's beaten them yeah no it's uh we were
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testing so there was a story i think it was science magazine ran a story last week of the
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amazing accomplishment of south korea than they had we're testing 15 000 people a day which is an
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incredible number and it was an incredible number until uh the united states kind of came into the
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picture and last week we were right around them we had caught up to about 13 000 per day uh yesterday
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we tested 45 627 people wow and that does that's includes most of it there's actually the number
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slightly larger than that but that's all they can confirm by yesterday but still 45 000 people now
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three times as many as south korea obviously we are a larger country and there's some qualifiers to
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that number but the point is that we were testing almost nobody one week ago and we're already up to
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45 000 we're going to pass south korean total tests this week and we this is why you need to
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not freak out about the case numbers going through the roof the case numbers are unimportant largely
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because of how many people we're testing we're testing at an incredible uh an incredibly increasing rate
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going to go through the roof and we've talked about that we talked about that glenn what two weeks
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ago on the show like that we're about to enter a period in which you're feel like you're sacrificing
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a lot and the numbers keep going up and getting uglier and it's going to feel like you're wasting your
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time even though it does take your breath away a little bit when you know that on friday it was
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14 700 some and today it's 35 000 some yeah it's it's startling to you and but you're right
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we're at the hockey stick we're at the hockey stick point yeah right but the deaths are really more
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important to look at because you know the deaths are and those are increasing too they're just not
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increasing at the type of rates that you're looking at for cases i think percentage wise it's actually
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slowed down 458 out of 35 000 that's uh that's that's not a huge mortality rate i mean you don't
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want anybody to die obviously but um those are lower numbers than pat stop it yes you do go ahead
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you've got a list you've got a list you wouldn't mind people who are just kicking it
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and there was a day that you would have given that list on the air you're right right that day is not
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today though and that's not today not in fact that day is long gone long gone i noticed though that
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you're not talking about the uh obviously the real issue the the thankfully there's the toronto star
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which is disgusting you know because covet 19 is just something of a test run for worse news
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which of course it's weight yes climate change it's a test it's it's climate climate change yeah
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climate change could be so much worse than this you know uh i mean with all the hand washing
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according to dr math lowski all the hand all the water or some of the water in some of the month will
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completely disappear out of most of your water bottles within the next seven to nine millennia
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and so it will be bad then so so in seven to nine thousand years the water in our water bottles may
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not be actually water may be gone the seven to nine years the uh the point of the uh toronto star article
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is just that a global heating is another universal danger where the suffering will be intensely personal
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and why are we so frantic about covid 19 and we're not even talking about climate change
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jeez i mean one because one's a hundred years away yeah maybe maybe maybe and probably not even then
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maybe you're right and the other one is in your house yeah and we're even looking at this what are they
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saying about oh look at look at they won't take it seriously no it's hard to take it seriously
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when it's not here when it's not in your own backyard people need to see that it's in their
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own backyard i think president trump is right you know he's he's looking at what are we going to do
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in in 15 days he said at the end of the 15 day period we're going to have to look at this and re-evaluate
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so i mean i think he's right people are people you know people will do it for a week they might even do
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it for two weeks but any longer than two weeks there's a lot of people that 15 days uh you know
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i don't know if that was wise because everybody i talked to they'll say oh yeah well we're two weeks
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away from and i'm like no not really we are i think i really don't think we are i think it was a smart
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thing to set up an attainable goal right where if you were to said oh look we're going to be doing this
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for six months and after that we'll assess it like no one would have put up with that from the
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beginning here he escaped 15 days where we can kind of all kind of come together and do it for 15
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days but they better have a plan at the end of the 15 days there better be something that we're doing
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that is well defined because the american people are not going to put up with this forever
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no they're not it's not china what what you know everybody keeps asking for a plan
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how how we don't know how this is going to work out how do you plan for this well i think you have
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to have you have to have a um some ability for people to go back to work or change things up
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whether it's just quarantining the most uh most vulnerable uh whether it's another two weeks of
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quarantine and that's it whatever it is it can't be just open-ended forever unless unless the american
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people see it looking really ugly if if you know like if if there's 25 000 dead people in new york city
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then a lot of this calculus goes out the window but if this if this sort of stuff does not ramp up
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the way that they keep telling us it is to to an example of gavin newsom saying 26 million people
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in california in eight weeks would have this again if that's what we're looking at we probably are
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willing to uh to sacrifice a lot on the economy and we'll probably stay inside a lot to avoid that
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if it doesn't ramp up like that and people don't see it they're not going to put up with it
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i really love trump's point though when he tweeted out today that we can't make the cure
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worse than the problem yep i'm so glad that he actually recognized that and i hope the american
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people you know conservatives at least republicans should certainly recognize that that we can't make
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the cure worse than the problem and that's that's the risk you run by shutting america down
00:23:20.960
well what was the what was the governor that just was it illinois which which was the governor that
00:23:28.720
just shut things down and said look i i understand uh you know the the the decision i have to make i have
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to make am i going to save lives and kill the economy or save the economy and and kill lives and that's
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the problem here well we we don't know what we're dealing with for sure over here but i mean i don't
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know if you saw this in italy they're now turning away anyone who is 60 the the care has become so
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rationed that if you're 60 go home we don't we can't help you which is bizarre because of course
00:24:06.120
those are the people who need it the most right you know that it's it's very strange but i think like
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that's the one big mistake we keep making is saying it's either the economy or lives and as as i think
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trump is is illustrating today i know leon wolf had a good column on the blaze that illustrated the
00:24:20.580
same point the economy is lives that's what it is yeah it is the reason why we have an economy is to
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make civilization and life better it's not all about flat screens although you know i certainly love the
00:24:30.500
flat screens but it's it's a lot bigger than that and it's the reason why you know we are able to
00:24:35.780
extend life expectancy and keep people alive is because of this economy so at some point there is a
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trade-off uh there's a line where here's what i would like here's what i'd like to see at the end
00:24:47.780
of the 15 at the end of the 15 days the president and the cdc say all right there's enough uh vaccines
00:24:55.140
out there that if you test for it and you test you've already had it or you test negative go back
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to work and you know we're just going to test everybody and as you get a test you can go to work
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if you don't have it go back to work everyone else has to stay in their in their house i think
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that at least gives you some light at the end of the tunnel um because i think that's what people
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need right now it's just a little ray of sunshine something that they're aiming for
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this is the glenbeck program uh i want to bring steve dace in uh steve is is written a fascinating
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uh fascinating op-ed for the blaze something that needs to be heard and needs to be considered
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uh and it goes to the heart of of what i talked to you about originally i said the coronavirus is not
00:26:00.220
going to kill us we're going to survive uh we don't want to overwhelm the hospitals um because
00:26:05.680
that will take a great toll but also the real problem here the real killer is the economy and
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i not i'm not sure how we get past what this thing is doing to the economy well steve has done his work
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now he's been working on this uh for really a couple of weeks because it hasn't sat right with him
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and he says i don't understand how we're making these decisions welcome to the program steve dace
00:26:33.060
hey glenn how are you brother i'm good i'm good i'm a little concerned steve because i feel like um
00:26:40.600
i feel i i believe the coronavirus is real i believe there is uh you know a pandemic etc etc
00:26:49.960
i don't know uh what i would necessarily do about it but i will tell you that my feeling is
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this is being used uh to do some uh house cleaning and game changing
00:27:04.140
well one of the things the whole premise of this piece that's kind of a a compilation of of
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everything i've been researching and writing and talking about in the last week is to frame this
00:27:17.620
now as a public policy debate and you know the constitution charges us with a president elected
00:27:24.980
by the people as our ceo not a team of subject matter experts not a surge in general um not a
00:27:32.800
joint chiefs of staff the presumption of our constitutional republic is that the average american
00:27:37.700
can be educated and informed enough to ask the kinds of questions that balance what are what what
00:27:44.540
really is the the you know the the unknown factor the collateral damage um of of every action rather
00:27:52.900
than just looking at it myopically and so to me the epidemiology is separate from the public policy
00:27:59.260
and the question that we have to ask and you know i worked on this piece glenn not knowing what the
00:28:04.520
president was going to tweet last night but the whole premise of this piece is to ask from a public
00:28:09.900
policy standpoint is the cure worse than the disease given the data that we currently have
00:28:16.880
which is very insufficient very incomplete and and has some anecdotal questions that beg asking which
00:28:23.480
is according to business insider apple said it was reopening its 42 stores in china last friday
00:28:28.940
did they do that have we even followed up because i don't i don't trust china's data at all and i'd
00:28:33.920
urge nobody in my audience to but i certainly trust tim cook tim cook's love of his share price
00:28:38.620
i certainly trust that south korea is resuming pro sports at the end of the month how are they doing
00:28:44.840
that japan is not is on the doorstep of wuhan washington dc is 8 000 miles away how are they
00:28:51.700
not on a societal wide lockdown i mean these are cultures that glenn have a lot more experience
00:28:57.660
with with chinese outbreaks and and then then we do and so i i think it's time for us this week
00:29:05.320
especially uh to look at this now from a public policy perspective with this 15 days about to
00:29:11.960
expire a week from tomorrow and ask ourselves based on the data we have now how is it possible
00:29:17.980
that the country that could go back to work post 9 11 um and and keep its economy roaring the country
00:29:24.520
that could put a man on the moon and keep its economy roaring how is it that a virus that right now
00:29:30.280
has a mortality rate amongst the limited affected of about 1.27 percent can manage to cripple the
00:29:36.920
entire american engine in ways the soviet bloc the nazis the japanese and islamic jihadists couldn't
00:29:43.580
i think we need to start asking that question so you you don't buy into the fact that this is as
00:29:51.560
dangerous as they say it is is that right i don't know i don't know how dangerous it is the question is
00:29:57.440
how what what's the law of unintended consequences for public policy that's the question all right so
00:30:03.600
the week before we shut the government down really most of the country down glenn the government
00:30:08.640
reported 7.7 percent of all deaths in america were that were because of the flu the week of march 7th
00:30:15.980
all right when you look at last year all these numbers and cite them in my piece when you look at
00:30:20.560
last year last year at this time the week of march 16th we had a massive spike on the flu bug
00:30:26.720
7.1 percent of everybody who had the flu that week in america died that's a massive cliff that
00:30:33.720
needs uh that need a curve that needs leveling why weren't we called to do that and keep in mind
00:30:38.660
we were seeing those numbers with flu glenn when we've got vaccines and all kinds of public awareness
00:30:43.740
about that disease that we don't have about covid19 and so i i think that question an average american
00:30:50.040
should ask is this given how acute how non-discriminatory i mean the flu goes from
00:30:55.520
infants to the elderly given how acute how non-discriminatory and far more lethal that the
00:31:01.600
cold and or that the flu and and pneumonia viruses are we and we didn't shut the country down for them
00:31:07.260
65 million americans were infected last cold and flu season or last flu season according to cdc why are we
00:31:14.500
doing this right now given the percentages of what we're looking at why haven't we taken more of a herd
00:31:20.940
immunity approach which has been taken for thousands of years in fighting plagues this might be the first
00:31:26.000
time in human history we sequestered the healthy rather than the sick and the vulnerable i just
00:31:30.800
think these are public and there might be good answers for these i keep telling my audience that
00:31:34.860
there might be really good answers for why we've done these things we don't have any of them and the
00:31:39.680
number one reason we don't is that a skeptical press is too far interested in playing a pr flag for china
00:31:45.820
been asking these kinds of questions at these briefings so what should we be doing
00:31:52.820
i think what do you think is what do you what do you if you're president of the united states or you
00:31:58.800
were advising the president what would you be doing well we would have locked down those all the borders
00:32:03.600
day one in five seconds we would have done that day one we would have banned international flights
00:32:08.780
i mean have you ever gone on expedia and charted a flight from wuhan china to spokane washington where
00:32:14.220
cdc is now saying that's the first case they currently have of co of covid 19 in america back
00:32:19.960
in january that's a 24-hour minimum flight you stop in peking lax and on most of these routes you've
00:32:26.840
got to stop in san francisco as well all right so i would have shut down every international flight day
00:32:31.620
one i would have shut down the borders day one protected the american people before we knew what
00:32:36.800
was going on my instinct would have been to do that day one now the president has done some of
00:32:41.200
these things grace gratefully as time has gone on but the next but but i like the 15 day period
00:32:47.160
that they put out i think that is a reasonable amount of time given the health the medical
00:32:52.460
infrastructure we have around the country i i while we're hurting ourselves now i don't believe
00:32:57.520
if 15 days is a mortal blow i think the psyche of the american people could come roaring back pretty
00:33:03.680
quickly feeling like they've conquered something if or overcome it if we really have and i think what
00:33:09.320
the president's message is this morning is right on the money in 15 days that's a week from tomorrow
00:33:13.800
when they launch this last uh monday we're gonna you know let's find out where we are really at
00:33:19.080
and then assess whether what the total socioeconomic cost is because this is the final question my piece
00:33:25.180
ends with the the question that our government has to wrestle with and we're a government of
00:33:30.740
representatives not experts the questions that have to be rest the number one question in my mind is
00:33:36.240
will any potential toll we pay as a society from covet 19 based on the data we have will it be more
00:33:43.900
expensive than the toll we are already paying by preemptively shutting down our government and i
00:33:49.140
think that's the equation that the president has to weigh on behalf of the american people and i know
00:33:54.980
people want to say well what about experts hey expertise is one thing worldview is another if i wanted to
00:34:01.040
invade afghanistan don't listen to me i mean i go get the joint chiefs of staff and ask them how to do it
00:34:05.820
but then if i wanted to know after 17 years why we're still circling the drain there and their
00:34:11.340
only response is well if we lose if we leave the loops okay well what does victory look like well we
00:34:16.900
we don't know we just keep doing this at some point expertise ends and worldview gets in the way and i
00:34:23.440
think that's why we have elected representatives that are directly accountable to us not a plutocracy
00:34:28.560
not an oligarchy not non-governmental organizations because we get to question those things even if you and
00:34:34.720
i go in a hospital and they give us a diagnosis of a terrible illness we still have the right as
00:34:40.200
patients to question whether the cure is worse than the disease so i think the president is right on the
00:34:45.940
money this morning and and i think that he is listening to these concerns now i i should caution
00:34:51.160
people we may not like the answers we get okay but at the very least they're questions that need to be
00:34:56.900
answered here's what the president said we cannot let the cure be worse than the problem itself at the
00:35:05.500
end of this 15 day period we will make a decision as to which way we want to go um we and the fed is
00:35:13.020
taking extraordinary steps i mean we are in wouldn't you agree we're we're just giving modern monetary
00:35:22.020
theory a whirl we're just like yep let's try it um i don't think right now we're basically saying
00:35:28.200
right now glenn that we can paint we can print any amount of paper because our military weaponry is
00:35:33.560
bigger than yours and nobody will call in the note that's essentially what we are doing right now
00:35:38.000
well nobody's calling nobody's buying our notes i mean the fed now is buying the notes i mean we're just
00:35:45.220
we're buying our own debt now we had a 30-year treasury uh bond sale what last friday friday before
00:35:52.520
last not a single bidder not one it all went to the fed so nobody wants our our debt anymore so now
00:36:01.580
we're at that place and so we're doing modern you know modern monetary theory where we're just printing
00:36:06.620
our own money and we're buying our own debt that's not going to last when they came out today
00:36:12.320
and to try to stabilize the the market and said uh don't worry we will print an unlimited amount of
00:36:19.660
money we will buy as many bonds as we have to to stabilize the market how do you recover from that
00:36:27.760
uh you do that the the least amount of time that you possibly can because if this goes on further
00:36:37.860
um you're talking about unless this is worse than the the 1918 epidemic a century ago unless this is
00:36:46.420
worse this is the worst plague that this nation has ever faced and on a systemic level beyond hospitals
00:36:53.120
being overrun all right we've got army corps of engineers just just build more adjunct sites
00:36:58.300
beyond beyond infrastructure being overrun that unless we're dealing with the captain trips here this is a
00:37:04.360
this is that level of a societal event you cannot justify that cause uh that cost now i'm not i don't
00:37:12.340
know that we have enough data to say affirmatively that it's not yet and that's why i think this 15
00:37:16.700
days is a wise course of action and but and i think what's going to happen is now that the president
00:37:23.380
has put this out there politically everyone in these various departments are now going to are now going
00:37:28.740
to hunker down because nobody wants to be left on the on the wrong side of history so the medical
00:37:33.780
people will become more alarmist the economic people will become more alarmist the political
00:37:38.260
people will become more alarmist because no one wants to be wrong on the other side of this and
00:37:42.620
so that's why i've also urged my audience pray for this president like you have never prayed for him
00:37:49.040
before this is going to take a a supernatural level of wisdom and courage of conviction to navigate
00:37:54.920
i would agree with you and his gut has proven to be right usually i mean i think this tweet that came
00:38:03.500
out this morning says a lot because i think that's exactly where the american people are
00:38:07.960
uh and hopefully uh hopefully that is also a part of a god thing