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The Glenn Beck Program

Best of the Program | 8/28/19

The Glenn Beck Program

Mercury Radio Arts

News, News Commentary, Politics

4.625.1K Ratings

🗓️ 28 August 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the podcast. It is stew. Glenn is here today talking about a lot of stuff including Bernie Sanders praising the incredible economic miracle of Chinese capitalism.

0:12.0

I don't think you meant to do that, but he pretty much did it. We talk about the bizarre shirt Glenn was wearing today.

0:18.0

I know this is a visual thing, but man, I don't even know how to explain it. You just have to hear it. We also have the updates on the debates today is the last day for Democrats to get into the next round of debates. We'll tell you who's going to make it, who's not.

0:32.0

We'll get into that as well. Glenn goes into modern monetary theory. This is the idea that you just have to print your way out of anything. We go into the details on how bad that actually would be for our society.

0:46.0

And Ilano Ma is in the news. Her relationship issues are significant and it's not always just about the actual relationships and her personal life. It's usually a lot deeper than that. We'll get into that as well. Don't forget, by the way, you have a chance to see Glenn Beck live.

1:04.0

Christmas is right around the corner just a few months away. Christmas stories with Glenn Beck. The tickets are almost sold out. Go to glenbeck.com. If you're going to be in Salt Lake City, December 7th is the date. Christmas stories with Glenn Beck tickets are available now at glenbeck.com. Here's the podcast.

1:26.0

You're listening to the best of the Glenn Beck program.

1:34.0

Now you tell me what's wrong. Here's Bernie Sanders, audio of Bernie Sanders yesterday trying to praise Communist China.

1:45.0

But what we have to say about China in fairness to China and its leadership is if I'm not mistaken, they have made more progress in addressing extreme poverty than any country in the history of civilization.

1:58.0

Okay, Bernie, I think you... I do not think those words mean what you think it means. What he didn't talk about was that it is the free market principle that China started to enact that they got from us. It wasn't communism.

2:22.0

Never before in history of so many people escaped poverty in such a short time in the past decades in China. Okay, according to the official World Bank figures, the percentage of extremely poor people in China in 1981 was 88.3%. By 2015 only 0.7% of the Chinese population was living in extreme poverty. Now, wait a minute.

2:50.0

Poor people in China fell from 878 million people to less than 10 million people since 1981. Now what happened? What happened? Well, under Mao, the state had, you know, an in an impudent grip over China's economy. What happened over the last few decades can be sent up in a couple of sentences. China, what happened?

3:20.0

Embrace the tenets of a free market economic system. It introduced private ownership, gradually reduced the influence of the once all powerful state over the Chinese economy. Now, they're still communist and is still state controlled much of it.

3:40.0

But you also have these independent companies, these companies that are not collapsing. These companies that are run by the state are collapsing as we pointed out earlier this week. China had to print 50 trillion dollars.

3:59.0

50 trillion. Half of that went right to the state-owned companies that are dying.

4:07.0

The state still plays a major role, but it is its free market capitalism after the death of Mao and the death of communism.

4:24.0

Let me give you this story, Bernie. Here's another story for you. Tell me if this sounds like communism or a celebration of capitalism.

4:38.0

According to the story, it was no surprise that the crowds at China's first Costco location would be big. But the company wasn't prepared for this. The photos of the opening of the Shanghai location of Costco, painted a clear picture of the reports coming out of China, which said that a day-lose of shoppers clogged up parts of the store and built up traffic on roads right outside of Costco,

5:07.0

resulting in a three-hour wait for a parking space.

5:14.0

Shoppers crowded the meat department, which included the Costco rotisserie chicken and the food court.

5:21.0

Elbows and arms were thrown in every direction as customers attempted to pick up various items. The sheer amount of people forced the store to shut down hours early.

5:34.0

And a text message to members reportedly read in part to provide you with better shopping experience, Costco will suspend business in the afternoon. Please don't come.

...

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