after being shot by police. in addition, the hostages are all safe. we ll bring you updates throughout this hour on this and hurricane earl, which has just been upgraded to category four storm. we re back throughout the hour. first, glenn beck begins right now. glenn: hello, america. we live in a crazy world, don t we? i want to talk to you about, i mean real insanity today. there are some things happening in our country that you really need to understand. the first thing is how to understand how the economy works. i want to explain to you there is some economic terror coming our way. the economic terror alert system. i ll get into that in a minute. i want to show you some of the stats on why i m still concerned about the economy
glenn: show me your friends andly show you your future. that s a phrase that scares the heck out of me when i think about our president. because as we have demonstrated on this program and everyone else seems to dismiss, all the people around our president come from the same creepy circle of radical 60 types. the latest, which is the lead story on the new website that i have started, a news and information website. the blaze.com. i ll tell you more about this later. basically, i hired some journalists because there are stories i don t have enough broadcast hours in a day to cover them and somebody has to cover them. check out theblaze.com and make it a couple one of your fs for a couple of weeks. if we re not doing it right, let us know. the lead story is dolores huertes and she works for the
here is an idea, america. wake the hell up. how about starting making the cuts that we have to make to save our country to the federal budget by not funding people who say the best way to help america is to collapse america? what kind of country, what kind of citizens sit on their butt and fund their own demise. how do they think they ll support illegal aliens and the families from all over the world once the country collapses economically? isn t there something wrong with progressives. we have people luring people across the boarder with a promise of jobs only to have the jobs go away when the united states collapse. or when we give the country back to whoever it is we stole it from. will the new bosses keep all the old employees on?
but, the agreement is that i get my money first. i m the first. if it goes bankrupt, the bondholders get their money. that s contract law. it s always been that way. until barack obama. g.m. and the unions go down, the unions retire healthcare benefit trust got the billions. the bondholders for the first time in history got 5 cents on the dollar if they were lucky. now you have cities like miami and states breaking their employment contracts and the bond programs. so what do you have? you have people saying well, wait a minute, if the contract doesn t mean anything, what do bonds mean? you are out of stocks. you can t trust an american contract anymore. what is the next step? after that, i guess it s real estate. i knew a guy that owned a lot of real estate once said i used to think land would always be worth something. i don t know. i don t know anymore. you know how the real estate market is going with you, right? you try to sell your house?
then obama, $17 billion to g.m. or was that obama? or was that bush, too? i don t even know. they re almost interchangeable now. now maybe this bit of economic news will catch obama s attention since it involves his new company. after all of the bail-out, after all of the money, after everything, g.m. sales have plunged 25%. what has gone up? homelessness in new york is up almost 50% this year. one out of every six americans are now on some form of government assistance. let me put this in perspective. bring up a map. one out of every six americans. that s like saying everybody in the state of virginia is on government assistance or everyone in the state of florida is on government assistance or everyone in texas is on state assistance.