Glenn Beck Deconstructs Media Lies About European Financial Crisis
- Posted on May 21, 2012 at 8:30pm by
Mytheos Holt
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If you’ve paid any attention to the media talking points surrounding the European Financial Crisis and why it shows that conservatives are absolutely, positively, undeniably and reliably unfit to govern, then you know that one of their favorite attack lines is that an austerity regime in America would turn America into Greece 2.0. “The Greeks tried it, and look at them,” the argument goes.
Glenn Beck, in his show today, took this extremely silly attack line apart while pointing out the systemic problems that are dragging Europe toward collapse. According to Glenn, the problem with European austerity isn’t that spending has been cut, it’s that spending has stayed steady while taxes have increased dramatically. Worse, unions and other left wing interest groups have shut down business completely in countries like Greece.
“You heard the President of the United States say this weekend that Germany has got to continue to bail these guys out. Would you do it?!” Glenn asked.
Watch Glenn rip in his segment below:
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Comments (58)
OneTermPresident
Posted on May 22, 2012 at 9:36amCertainly Obama wants Germany to keep bailing them out… he’s all about the collapse of any country, just ask his handler George Soros who’s an expert at it. Obama wants to be the worlds community organizer.
Report Post »Real Talk
Posted on May 22, 2012 at 9:21amI’d like to respectfully refute & correct this article and Glenn’s piece, in regards to Austerity. One of my favorite papers, the Washington Examiner, has made similar arguments, here was the highlights of my response to that OpEd, as well as the false narrative of the Krugmans and the Keynesians:
Report Post »- The Left (and occasionally the Right) have adopted the false premise that Govt is the source of economic growth. As well as the false premise that Consumption proceeds Production. I can elaborate for those that disagree, but most on the Right understand these are economic fallacies.
What the Left, the Examiner, Beck, & my friends on the Right are getting wrong on austerity:
Decades of irresponsible borrowing/spending/distortion are being ignored, yet the last year of austerity in Europe is deemed a failure? I reject that premise. The teenager spending irresponsibly with the credit card is deemed a success; this is the Good Economy, the Good times. The teenager who decides to cut their bad spending habits is deemed a failure by the Left. The teenager who decides to start taking their income and putting it towards paying expenses, paying their obligations/bills, and paying down the credit card is deemed a failure by the Washington Examiner. I say Austerity is not a failure, it is simply the healthy but painful process of sobering up. I will continue just a bit further, as I want to refute a common economic fallacy held by my fellow Conservatives & Libertarians, out of characte
Real Talk
Posted on May 22, 2012 at 9:43amEconomics:
Yes, taxes are a burden on society.
Yes taxes are bad for the economy, however tax cuts without spending cuts are DANGEROUS. (i.e. the Bush Tax Cuts, including the payroll cuts supported by Obama). A government tax is a burden, but a government dollar spent without a tax is a GREATER burden. It is a future tax accompanied with interest on the borrowed money, & this policy leads to ruin, chaos, and disorder. And what is a Bush Stimulus Check or an Obama Stimulus Program, but wasted dollars spent towards the illogical premise that Consumption proceeds Production, when it is Production that actually proceeds Consumption! As a Conservative, I COMMEND the Europeans for having the courage to raise taxes, however I REBUKE them for Dishonesty & Class Warfare, and I rebuke them for not having the courage to implement MUCH more CUTS.
As Bastiat told us 150 years ago, we can have only TWO reasonable systems. One which the government does much, & therefore takes much from us in taxes. The other which government does little and takes little from us. However in America & other countries throughout the world and throughout history, we have created this third abomination, in which the People want the State to do much, but they also want the State to tax us little. Or tax someone else. Or “Starve the Beast” tactics. Or just go tax the wealthy when elementary math tells us this is not practical. Just so long as its not ME being taxed! CHILDISH.
http://bastiat.org/en/governme
Report Post »Real Talk
Posted on May 22, 2012 at 10:39amsorry link broken in above reply: http://bastiat.org/en/government.html
Report Post »joel228
Posted on May 22, 2012 at 6:32pmYou are correct. The arsonists start the fire and run away. The firefighters come and get blamed for the fire.
Report Post »ColoradoMaverick
Posted on May 22, 2012 at 5:11amIf Obama were a doctor, he would “cure” sick people by bleeding them.
Report Post »If Obama were a carpenter, he would “repair” a falling building by adding on to it.
If Obama were a tire guy, he would tell the person with a flat, “just drive faster”.
If Obama was a sea captain, he would add water to a sinking boat.
HKS
Posted on May 22, 2012 at 7:50amObummer spends like a liberal loosing his credit card, spend all you can before they turn it off, not going to pay for any of it anyway.
Report Post »sillyfreshness
Posted on May 22, 2012 at 1:16amCalifornia is our “Greece.” Decades of political correctness in California has caused millions of illegal aliens flooding into that state and then going on the public welfare roles for freebies. When California eventually falls, states like Nevada and Oregon need to put their national guard on the border with California to prevent those liberals, Marxists, and Bolsheviks from escaping to ruin other states like they did in CA. They made their bed, now they have to lie in it. Make Californians stay there and work out their problems. Don’t let anyone escape from that state to go and flood into other states and ruin them like they did California. I know it sounds mean, harsh, nasty, but it’s to prevent the rest of the US from falling like Cali. Let CA fall and let them fix their mess. No bailouts for California. California has been literally destroyed due to political correctness.
Report Post »bcanddc
Posted on May 22, 2012 at 1:46amI live here and you are absolutely correct! Why the people of this state keep voting in liberals is beyond me….actually it’s not, nobody will ever vote to cut off the freebies. As Margaret Thatcher once said, “the problem with communism is that eventually you run out of other people’s money.”
Report Post »West Coast Patriot
Posted on May 22, 2012 at 3:16amI live in Oregon on the coast and I can tell you that it is not just California that is to blame, it is ou entire system right now. We used to be a Republic where wvery individual was in charge of their lives and if they did not do the right things to make their lives better, they fell and paid the consequences. They could pick themselves up and do better as they had the resources to fight for what was right and work hard to better themselves. aYou have heard the stories of millionaires losing everything, but getting their act together and becoming millionairs again. It is hard to do this today as we are in a Croni-Capitalistic society, where if you do not have money to get a kick start, you can never get ahead unless you are lucky. Hard work has nothing to do with it anymore. When are people going to wake up? We need to get back to being a Republic again. Does anyone, and I mean anyone understand what a Republic is anymore? I am thinking that everyone has been lured into an idea that a Democracy is a Republic and nobody knows the difference. You MUST ask yourself, what is a Republic, and what does it stand for? What is a Democracy, and what does it stand for? We live in a Democracy today and have not seen a Republic for decades. Democracy is a form of socialism. It is what our Founding Fathers fought against to gain true individual liberty. It is what makes every single one of us a better person individually. To be continued…
Report Post »nothinghere
Posted on May 22, 2012 at 1:01amwhat’s maddening is there are people in power,hellbent on ruining this country.
Report Post »i’m not going to argue politics,yes i’m voting romney,but even if he’s elected the congress starting back in 2006-2010,and the o’bama administration from2008-present have made it impossible for the next president to make the changes needed,and keep 50% of americans happy.
i’m saddened what is going to happen to america when these changes are put into effect.
with all the class war-fare,and trillions of dollars worth of americans assets disappearing,i’m guessing these socialist pushing their agenda,will end up punishing the next two generations of americans.
there will be conditions for the minorities,elderly,and young americans that have not been scene for decades.
if romneys elected he’s got to start from day-one,being an american president.
it’s going to be hard to be americans for awhile,but it can be worth it.
Netsurfer2
Posted on May 22, 2012 at 12:50amOblamo’s ideas when it comes to solving the economic problem! Print, print, print, tax, tax, tax! Now that after the G8 Summit he had them print more Euro’s while he also printed more Greenbacks! Problem solved! Now you see it, now you don’t! Just like putting lipstick on a pig and calling it human!
The problem with that is that later down the road it will be far worse! Inflation will play a key role and a new form of slavery (debt)! Watch what happens after the election! My bet is chaos in the stock market! Not to mention severe inflation coming!
Report Post »OhSnappage
Posted on May 21, 2012 at 11:45pmGlenn has been the only one reporting on this for years (and many many other related stories) that the media refused to acknowledge. Really remarkable how long the media has been in denial about everything. Here’s hoping Romney has GBTV.
Report Post »Mutiny
Posted on May 21, 2012 at 11:30pmHow can Glenn find these things out and support Romney?
Report Post »marybethelizabeth
Posted on May 21, 2012 at 10:48pmGreece should just say they can ‘t pay the loans back, telling the lenders to write off their bad investments. They would have plenty of money if no longer subject to never ending loan payments.
Problem solved.
Report Post »Psychosis
Posted on May 21, 2012 at 11:31pmcan i borrow some money from you ?
Report Post »socialism.rocks
Posted on May 22, 2012 at 12:26amitaly and spain are working with russia and china to default..
and all those not to big to fail banks in america holds trillions apon trillions of dollars soon as default happens those banks are gone
Goldman Sachs
Report Post »Bank of America
J.P Morgan
it will run a reckage through the american economy… worse then the great depression
brother_ed
Posted on May 22, 2012 at 12:45am@MARYBETHELIZABETH
Actually, when the payments stop, the trouble begins.
Report Post »rickc34
Posted on May 22, 2012 at 2:15amYour kidding right.
Report Post »marybethelizabeth
Posted on May 22, 2012 at 7:46amThis is what Iceland did.
It is not when the trouble begins, it is when the trouble stops.
Too big to fail??
Report Post »2Fedup
Posted on May 22, 2012 at 8:02amThats what the politicians r afraid of. Thats why they keep bailng out greece praying theyll change even tho they kno greece wont. Becaus when the other deadbeat spendthrift socialists realiz that greece can just say “screw u” to their debtors, the other countries n debt to their eyeballs will want to do the same: the dominoes begin. Also as stated above, all the so-called private banks who own these debt bonds will crumble, and w them businesses and citizens who hav money(they think) n these banks.
Report Post »brother_ed
Posted on May 22, 2012 at 1:06pm@MARYBETHELIZABETH
What sort of twisted world do you live in.
If you are saying Germany and others should stop bailing them out, I could understand that. Let them fall. It would have been easier 3 years ago, but now they are in so deep that Greece has power over them.
If you are saying Greece should tell everyone “Sorry, we aren’t going to pay you back”, then I would suggest that Germany (and the other creditors) have a right to take Greek assets and sell them to get their money back.
That’s what will happen. If you don’t pay your mortgage, you loose your house.
Report Post »marybethelizabeth
Posted on May 22, 2012 at 5:38pmWhat makes some think that banks are the lenders?
Report Post »What makes some think that the loans are secured?
team1blazer
Posted on May 21, 2012 at 10:39pmThe facts are out for every (thinking) person to see. Obama IS trying to destroy the US economy. The plan was laid out for him and his minions by Saul Alinsky, and has been followed flawlessly. Increased debt, check; Increased welfare, check; Flood the voting roles with “dependants”, check; Open the borders, check; Attack social norms (Christianity, family unit, social values, morality), check; increase dependancy on state, check; control media, check; control education, check; control industry, check; control banking, check; all that is left to accomplish the takeover is an internal war….working on that now. Only one problem, the left has been unable to disarm the populace…..they tried with fast and furious, but failed miserably when it was uncovered. Time is fast approaching for the final showdown. It is not going to be pretty, and a LOT of innocent blood will be shed, but I believe that the TRUTH will prevail, the socialist dogs will be beaten, and this great nation will again be ONE NATION UNDER GOD!
Report Post »lukerw
Posted on May 21, 2012 at 10:16pmRemember the Good Bank / Bad Bank concept… where the idea was to put all the Toxic Assets in One Bank?
The need… a Good Country / Bad Country concept :)
Report Post »super redhawk
Posted on May 21, 2012 at 9:39pmTea!
Report Post »dmerwin
Posted on May 21, 2012 at 9:20pmActually, continuing to spend money we don’t have leads to Greece 2.0. Growing the economy by reducing regulations and evening the tax situation for business, vis a vis the rest of the world will create jobs and create a larger tax base. Notice that liberals want higher taxes and use the deficit/debt as the primary reason why, but will not pledge to freeze spending so that those higher taxes would actually reduce the deficit. Shell game and BS.
Report Post »KidCharlemagne
Posted on May 21, 2012 at 9:12pm““The Greeks tried it, and look at them,” the argument goes.
Glenn Beck, in his show today, took this extremely silly attack line apart while pointing out the systemic problems that are dragging Europe toward collapse.”
=========================================
How can that be true??:
———————————————————–
“Romney rejects Ron Paul-style austerity
May 7, 2012
By Seth McLaughlin
You can almost hear the collective gasp from Ron Paul’s loyal band of supporters.
Speaking Monday at a town hall style-meeting event in Cleveland, presumptive GOP presidential Mitt Romney plunged a fork into the idea that he could come around to embracing Mr. Paul’s call for deep cuts in federal spending.
“My job is to get America back on track to have a balanced budget. Now I’m not going to cut $1 trillion in the first year,” he said, distancing himself from Mr. Paul’s plan to slice more than a quarter of the estimated $3.8 trillion being spent by the the federal government.
Why not, someone in the crowd apparently asked, sparking a response from the former Massachusetts governor.
“The reason,” he explained, “is taking a trillion dollars out of a $15 trillion economy would cause our economy to shrink [and] would put a lot of people out of work.”
Report Post »http://www.washingtontimes.com/blog/inside-politics/2012/may/7/romney-rejects-ron-paul-style-austerity/
soybomb315
Posted on May 21, 2012 at 9:59pmi saw that too the other week. shocking
romney has more in common with obama than ron paul
Report Post »rickc34
Posted on May 21, 2012 at 9:05pmLet them fall we got our own problems.
Report Post »vtxphantom
Posted on May 21, 2012 at 9:03pmGlenn is an excellent investigative journalist. He is able to put many symptoms together to show a cause. This is where he shines. He may not be able to put a date to an outcome, but he sure can put it all together.
Report Post »The Eleventh Doctor
Posted on May 21, 2012 at 8:54pmGermany is asked to send money to countries against their will? Gee, that worked so well last time….
Report Post »TRONINTHEMORNING
Posted on May 21, 2012 at 8:51pmIs Monday BECK DAY? He sure is in a lot of stories; I know he owns the site, but wow.
Report Post »brother_ed
Posted on May 22, 2012 at 12:49am@TRONINTHEMORNING
He’s making headlines. That is what happens when you actually DO something, and Glenn has been very busy.
Report Post »Johann
Posted on May 21, 2012 at 8:51pmI did notice how the Obama and his flying monkeys were trying to write the narrative that they always write; namely that Obama has the solution to all the worlds problems. Forcing Germany to keep financing the corrupt collapsed economies is not going to work; the Germans are not that stupid; only Americans who went to college are that stupid. Obama believes that he will never cut the expenses of big government because he will get his way and double everyone’s taxes. Look at all the American cities under the control of the democrat socialists; they are all teetering on bankruptcy but their thug unions are poised to confiscate everyone else’s money.
Report Post »OTBoxer
Posted on May 21, 2012 at 8:50pmParasitic monopolists of compulsion and coercion (pols) are the problem. Instructions on how to make America, or any other place on earth for that matter, pol-free are in the book Democracy-The God That Failed.
Report Post »Individualism
Posted on May 21, 2012 at 8:50pmbut in America spend to much money on military and so called defense which is police state madness bankrupting our country instead and oversea spending. that money should go to the people and atleast there they do that. also its used to bailout out bankers and corporations. in America all we get is an extra tax to get a few programs that don’t do anything. American goverment is more concerned about invading the world and putting people behind bars than the wel being of its people. which is often why Republicans are worse than Democrats.
Report Post »therealconservative
Posted on May 21, 2012 at 8:56pm@Comrade Indivd
It’s that “so called defense” that has kept this conutry free for 236 years.
Report Post »EndTheFedNOW
Posted on May 21, 2012 at 9:12pmThe condescending attitude of the “real conservative” who works for the sell out government. Lol last time he said he works for the government and is watching me and has been for a long time. IDIOT. Thats more evidence that the war on terror is a hoax or pratice for the war on the white libertarian american. Come and get some you coward. Sell your soul to the devil. You would clearly be a loyalist if this was 1775.
Report Post »dmerwin
Posted on May 21, 2012 at 9:27pmWill the Pauliacs cease and desist after the election? Please? It is time for you guys to work on policies and solutions that are palatable to at least 50% of voters. They should include smaller government, audit of the fed, re-write Dodd Frank so that banks will make better choices and perhaps even draw down foreign bases. You could get people to support that, however, YOU have to be willing to negotiate and realize that the changes you are asking for will not happen given your current tenor.
Report Post »Individualism
Posted on May 21, 2012 at 9:35pmits not free its kept this country enslaved and in debt.
Report Post »What_Did_I_Miss
Posted on May 21, 2012 at 9:53pm@DMERWIN
We have policies that are liked by nearly 50% of the population already.
They like the welfare payments, food stamps, housing assistance, free medical,….
The productive half are getting a bit tired.
Report Post »brother_ed
Posted on May 22, 2012 at 12:52am@DMERWIN
Agreed.
Report Post »Lux
Posted on May 22, 2012 at 6:07amHere is an email I received that I believe is relevant to this discussion.
“It’s easy to dismiss individual programs that benefit non-citizens until they’re put together and this picture emerges. Someone did a lot of research to put together all of this data. Often these programs are buried within other programs making them difficult to find.
A Real Eye Opener
WHY is the USA BANKRUPT?
Informative, and mind boggling!
You think the war in Iraq was costing us too much? Read this:
We have been hammered with the propaganda that it was the Iraq war and the war on terror that is bankrupting us.
I now find that to be RIDICULOUS.
I hope the following 10reasons are forwarded over and over again until they are read so many times that the reader gets sick of reading them. I also have included the URL’s for verification of all the following facts…
1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.
Verify at: http://www.fairus.org/site/PageServer?pagename=iic_immigrationissuecenters7fd8
2. $22 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.
Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML
3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.
Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML
Cont…
Report Post »Lux
Posted on May 22, 2012 at 6:08amCont…
4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English!
Verify at: http://transcripts.cnn.com/TRANscriptS/0604/01/ldt…..0.HTML
5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.
Verify at: http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML
6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
Verify at:
http://transcripts.cnn.com/%20TRANscriptS/0604/01/ldt.01.HTML
7. 30% percent of all Federal Prison inmates are illegal aliens.
Verify at: http://transcripts.CNN..com/TRANscriptS/0604/01/ldt…01.HTML
8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.
Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.HTML
9. $200 Billion dollars a year in suppressed American wages are caused by the illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRI
10. In 2006, illegal aliens sent home $45 BILLION in remittances to their countries of origin.
Verify at: http://www/rense.com/general75/niht.htm
The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR AND IF YOU’RE LIKE ME, HAVING TROUBLE UNDERSTANDING THIS AMOUNT OF MONEY; IT IS $338,300,000,000.00WHICH WOULD BE ENOUGH TO STIMULATE THE ECONOMY FOR THE CITIZENS OF THIS COUNTRY.
Cont…
Report Post »Lux
Posted on May 22, 2012 at 6:10amCont…
Are we THAT Stupid?
YES, FOR LETTING THOSE IN THE U.S. CONGRESS GET AWAY WITH LETTING THIS HAPPEN YEAR AFTER YEAR!
If this doesn’t bother you, then just delete the message. If, on the other hand, it does raise the hair on the back of your neck, I hope you forward it to every legal resident in the United States. It’s going on year after year!!!”
Verify the sources if you don’t believe it. Take care of the illegal and entitlement problem and you’ll take care of the debt problem.
Report Post »lukerw
Posted on May 21, 2012 at 8:46pmI am not much of a Gamboler; If the Cards do not fall for me, I walk away… Why send Good Money after Bad?
Report Post »broker0101
Posted on May 21, 2012 at 8:45pmReally? Failure to lower government spending on out-of-control entitlements, union power run amok and confiscatory tax rates are what is wrong with Europe’s economies?! Glenn Beck is a GENIUS!!!! How could ALL THE REST OF US HAVE MISSED THAT?????!!!!! Lol!
Report Post »Firebrand
Posted on May 22, 2012 at 12:35amI think everyone understands that Greece doesn‘t have the money to cover it’s bond obligations. I think the question that is being analyzed is how they got into it. I know you’re being sarcastic. I don‘t think he was saying that ’he figured it out’, but that no one else is forthcoming with the information. The critical thinking exercises/questions that are inferred are: what caused the problem?, who is at fault?, is the media complicit in that they would rather push a political agenda vs. do honest reporting (that would actually be best for the country and not just for the purpose of getting the president re-elected)?, and is the US on the same track as Greece?
It seems to me that there is a larger and larger population of nose-less progressives with happily spited faces…
Report Post »vox_populi
Posted on May 21, 2012 at 8:36pm“If you’ve paid any attention to the media talking points surrounding the European Financial Crisis and why it shows that conservatives are absolutely, positively, undeniably and reliably unfit to govern, then you know that one of their favorite attack lines is that an austerity regime in America would turn America into Greece 2.0. “The Greeks tried it, and look at them,” the argument goes.”
If by “the media” you mean “Paul Krugman.” God, you really are just a poor-me bunch of whiners.
Report Post »Fubared
Posted on May 21, 2012 at 8:57pmIf by whiner like OWSers whiner, than no, piss off pox. Where is the socialist’s utopia at again?
Report Post »soybomb315
Posted on May 21, 2012 at 8:35pmGreat – lets get someone other than Obama to lead us through this chaos. One problem….The guy the republicans have put at the top has stated repeatedly that the big banks cannot be allowed to fail. ooops
Report Post »therealconservative
Posted on May 21, 2012 at 8:49pmAnd your guy is a coward, traitor and snake oil salesman. OOPS
Report Post »chips1
Posted on May 21, 2012 at 9:12pmIt sure would be nice if Americans choose the candidates instead if the corrupt politicians.
Report Post »EndTheFedNOW
Posted on May 21, 2012 at 9:15pmHAHAH big words have anything to back up those claims? Im pretty sure he is the only man running for president who has served. Now when I say serve I dont mean sit in front of a computer and watch patriots on the interent and act tuff cause you feel you have power. Ron Paul was a docter in the service. You sit at a computer and spy on Americans. You are the coward.
Report Post »