American Consequences - August 2017

Glenn Beck


to have people say, “You know, I don’t agree with that guy, but he’s really smart. He’s fair. He’s decent. And I like him. I just don’t agree with him.” That’s where we need to get back to. cannot put revolution back in the bottle Q: We’re in the midst I think of a crisis within the party and the whole country is watching very closely on the health care issue and whether they will repeal. But lost in all of this is the issue of the debt... We’re $20 trillion in debt. Whatever happened to the Tea Party? Whatever happened to the political will to do something about that? Glenn Beck: That goes right back to this listener, Allen, who called in who said, “Look, I’m struggling. I’m struggling. I’m working hard. I’m getting up at 4:00 in the morning, and I can’t afford my insurance. They just canceled my cable bill. I barely have enough money to put food on the table and nobody’s listening to me.” Everybody is screaming at each other... “I’m the Eagles, you’re the Redskins, I don’t care. You’re evil.” Because we’re playing that game, we’re missing some important things... Like you, I’m watching the default rate on auto loans. That is the canary in the coal mine. When we start to see these auto loans begin to default, we’re in real trouble. But nobody is paying attention to this right now... Because Donald Trump is one of them, they now have stopped looking at the problems and they’ve put their faith, as Ann Coulter

said, “in Trump we trust.” So it’s a disturbing thing that the ones who are the real guardians of the debt are in so much trouble and have lost so much hope because of the perceived failures of the Tea Party. If we don’t play our cards right and start coming back together, you’re going to see the two parties demonize each other until a strongman can step up and stop the madness. Q: Over the last seven years or so in our economy, we haven’t had any real increase to wages. We haven’t had any significant increases to productivity. What we’ve had is massive amounts of capital into subprime auto loans... student loans... and even tractor loans. That has created a whole bunch of the “prosperity” of the last five years or so, but it wasn’t funded by savings and it wasn’t created by gains in productivity. In theory, the economy is growing and yet people can’t pay their auto loans. When people start defaulting on consumer debts before unemployment starts, you’ve got a big economic problem that’s going to have a lot of consequences. What could the midterms look like next year if we’re in a really bad economic situation? Glenn Beck: My neighbor just bought this $250,000 tractor and thought to myself, “I don’t know how you’re ever going to pay for that. I don’t know how you make ends meet with that.” I have an old piece of history – only eight of them made for FDR’s cabinet. It’s a book,

94 | August 2017

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