The Glenn Beck Program - Best of the Program | Guests: Donald & Amy Johnson | 9/29/26

Episode Date: September 29, 2026

President Trump announced a major investment in building steel mills in America, allocating $15 billion. Glenn breaks down what that means and how it will benefit the entire country. At the same time, interest rates are at a record high. Glenn warns that if these investments don’t pay off, the taxpayer will be the ones who have to pay. Glenn speaks with Donald Johnson and his daughter, Amy, about how GoFundMe deleted their campaign to help pay for Don’s wife’s cancer treatment. Glenn’s co-author of "The Great Reset" and "Dark Future," Justin Haskins, is back to dive deeper into a new poll showing a dangerous ideology younger Americans are falling for. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lots to talk about today. On the full show, we give you a lot of economic news and some of it's really good. It gives you a look at something that nobody is talking about, and that is the pain that the entire staff of the New York Times must have gone through to say, maybe what Trump is doing in Iran is working. Also, we talk about the steel mills that are being rebuilt. Too big to question, this is a really important story for AI. and Donald Johnson, the guy that we told you a story about yesterday, the 81-year-old man. We talked to him today and got the real story. He really could use your help. Make sure you listen to all of today's podcast. You're listening to The Best of the Glenback program.

Welcome to the program. I'm glad you're here. Sorry, I got to take a little alivert because my, my, I don't know what I'm allergic to. there's nothing growing. I'm allergic to something. All right. Welcome to the program. I want to give you some more news that I think is good news,

but it's a wait and see kind of thing. Look, I want to tell you, I'm going to tell you something. I don't know why this show is successful. I'm not sure other people will tell you this. I'm not going to carry water for anybody. I'm not going to carry water for the administration or the republic. or anything else, I'm going to tell you the truth. And I'm going to be hopeful. I like the president.

I think he's doing a great job. And so when he's doing things that haven't, you know, turned the corner yet, I'm going to be hopeful, but I'm not going to tell you that, you know, I'm not going to tell you something I don't believe. And I also, I have so left the click and the audience building mania behind. I don't care. And I haven't cared in a very, very long time about, oh, I've got to be number one. We have to be first on this. I don't care. If I chase that, I will chase the wrong things.

This has been my philosophy of a long time. I will chase the wrong things. And we will become everything that I despise. My philosophy now is the country is just in so much trouble. and I personally am so sick and tired of hearing clickbait. I'm so tired of being tricked into a headline. I'm so tired of somebody saying, I know this is exactly what's happening.

They don't have any idea what's happening. And so I am trying really hard not to be one of those guys because I think the most valuable thing that anyone can give to you is perspective, the facts, then perspective, and then on top of that say, but I don't know, I could be wrong. I'm not God. I don't have a crystal ball.

In this world, everything is changing so quickly. So I can tell you what I think this means today and I'm going to be hopeful on what I think it means for tomorrow. But let's stop with the game. Okay, so let me tell you about the steel mills that came out yesterday. I think this is a really good thing, but there's some caveats here. Yesterday in the Oval Office, the president announced that the White House is now calling what will be the largest steel plant in American history is going to be built.

$15 billion, Lee County, Iowa. That's in the bottom corner of the state on the Mississippi. A couple of counties. And one county that has peaked at about 44,000 people in 1916 has been shrinking ever since. So this is a good thing. for this corner of the state. The numbers, 5 to 6,000 construction jobs while it's being built. 1,750 permanent jobs when it's running, plus about 350 at the mine in Minnesota that feeds it. Now, that's a lot of great news.

7.5 million tons of steel a year at first, 10 million at full speed. The White House says that's roughly a 10th of everything America made last year. out of one mine, steel is coming back to America. Now the ore is going to come out of the ground in Minnesota. And then it's going to ride the rails south and it becomes steel in Iowa, including steel, the administration says, will meet military standards. So we're now, I see, Jason, remember we talked about this the other day? That I think the president sees something that nobody else is seeing and nobody's talking about it.

Why would he say that, including steel that means? military standards. I think the president is seeing things coming down the pike. Okay. So mine to mill, it will never leave the country. Now, who owns it? The name on the door is Masabi. Masabi Metallics.

It's a Minnesota company. Uh-huh. The name behind the door is the SR Group. It's a family conglomerate from India, founded in 1969 by two brothers named Ruea. Now, the Commerce Secretary says SR is going to finance the steel plant and no direct, the keyword direct, no direct federal money will go into it. But the mine is a different matter.

The export import bank, which is your government, is lending it $700,000 and $70 million. Could go as high as $10 billion. Okay, 770, wait, million to 10 billion. That's quite a spread. Anyway, Iowa lawmakers have been told they may be called back to approve tax breaks to make this thing happen. SR has been on the iron range before. It broke ground on that same mine in Minnesota in 2008, promised to finish it in 2013. In 2016, its Minnesota company went bankrupt, owing more than a billion dollars. Local contractors were laid. left holding the unpaid invoices. The state was out about $65 million in road and infrastructure money. Its own bankrupt subsidiary sued the parent company, accusing it of siphoning off the project's funds.

It's an accusation. It's not a verdict. We don't really know for sure because, I mean, everything is corrupt in Minnesota. How do we know? I don't want to get in bed with a corrupt company, but apparently there's enough out there that says that didn't happen. I don't know. Minnesota has spent years trying to keep. SR out. S.R. bought its way back in and then this month it actually delivered. They bought themselves

back in. They went back into the mine and on September 17th, they blasted loose 1.3 million tons of rock and produced the first iron concentrate with pellets due next month. So they're mining, mining, mining, mining, nothing, nothing, nothing, nothing to go out of business. It's bankruptcy. They come back. blow up some rock and they find the first iron ore. So this is the first iron ore mine and pellet plant in America in 50 years. So both things here are true. Got to hold two things in one hand. Guys, got to be able to walk and chew gum. So two things are true. The same people who left the range holding the bill came back and got it running. So is this a big story? Yes, huge story. Caviot, if it gets built.

The first steal is 2030 after the next presidential election. This announcement came 36 days before the election, with Iowa Republicans in tight races standing around the desk. $95 billion in economic activity is the White House's own estimate spread over a decade. An announcement is not a mill, just to ask Minnesota. The plant exists because of a 50% tariff on foreign steel. The administration says so itself. If that tariff is lifted, then what happens to this mill? The tariff is also paid for by every American who buys a washing

machine, a pickup or a steel beam. And for 40 years, our side said government couldn't pick winners. But the government bank, you know, lending three quarters of a billion dollars to one company, I think is picking a winner here. But maybe it's a good one. But let's a good one. But let's, least call it what it is. So here's why it matters. This matters because a country that can't make steel can't build a ship, can't build a tank, can't build a bridge or a power plant without asking somebody's permission and waiting for it to get loaded onto a boat and sent here. That's what a steel town is. It's a permission slip to build what you need to build. A steel town is a place where the mill whistles sets the clock. The mill sponsors the Little League. The son follows the father through the

same gate. A man with a high school diploma buys a house, raises four kids, takes a week at the lake, a homestead, Pennsylvania, just outside of Pittsburgh, employed 15,000 people during the war. The last of it shut down in 1986 and they tore it down, built a shopping center there. They left a row of 12 brick smokestacks standing between the parking lots. People park under them now to buy shoes. We have to have steel mills. The year before that, 1985, there was a mine called Butler, closed in Minnesota.

Same ground where they set off that blast this month. We have literally been here before on that very range. It was 1890. that a family of timber cruisers out of Duluth, brothers and nephews named Merritt, had crews digging test pits on a low ridge. Most prospectors had passed over. Their father believed for years that there was iron up there. He was right. The crew hit a soft red ore right under the surface. You didn't need to dig a tunnel. You could scoop it out with a steam shovel. They had found the greatest iron range in America. And they would go down in history.

as seven iron men. But ore in the ground is worth nothing until it moves. So they built a railroad to the lake. To build it, they borrowed. The man they went to was John D. Rockefeller. Then came the panic of 1893. The banks failed. Loans came due.

The merits couldn't pay. And by early 1894, the mines, the railroad, the ore docks belong to John D. Rockefeller. They sued him for fraud and won. They lost on appeal. because he had more money. They ran out of money and they settled. A few years later, Rockefeller sold the whole thing to a brand new company.

That company, U.S. Steel. But the Merits found the ore that built America's steel century, and they died without the fortune. But here's where it all landed. U.S. steel, the company built on the Merritt's ore, was bought last year by Nippon Steel of Japan. the newest mine on that same range is owned from India. Over 130 years, the money has come from Cleveland to New York to Tokyo to Mumbai.

The ore hasn't even moved, but neither did the people who dug it. The range has taught the same lesson for a century. The paper changes hands every generation. The men who find the treasure rarely keep it. What stays is the ore, the river, the railroad, and the people who show up at 6 o'clock in the morning every morning. Whose name is on the deed matters less than where the furnace sits and whose hands are running the furnace. So let's watch this one the right way. Don't watch the Oval Office on this one.

Watch Lee County. Watch for dirt moving. Watch whether the local contractors get paid on time this time. watch what Iowa gives away in that special session and see what it gets back in writing because if it does get built this is a huge thing for America and for one small reason

there's an eighth grader in Fort Madison right now who will walk through that gate someday his grandfather walked through the factories and watch those factories leave he may get to watch one come home again Rockefeller got the range Japan got the U.S. steel. India now has the mine.

The smokestacks are still standing in homestead and somebody in Iowa may get to light a new furnace. Money doesn't have a hometown, but you do. It's time America builds like it. That's what yesterday's announcement means. This is the best of the Glenn Beck program. When it comes to protecting yourself and your family, You want a response that matches the situation because not every threat calls for lethal force.

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Right now you're paying more and so are the companies, the analysts say, two reasons. The energy shock from the Iran War and from the Ukrainian war and a government that owes more money every single day. That's why your interest rate is going up. That's why companies' interest rates are going up. Now, who is borrowing more money now than, anybody in America besides the federal government. Who's borrowing the most amount of money? It's a little staggering when you look at the numbers.

But again, you only find this out in the math part of the program. It's almost over. The people who are borrowing more money than anybody else are the people building artificial intelligence. And CNBC laid this out over the weekend. SoftBank just borrowed $11 billion in junk bonds, paying as much as nine and three quarters percent. Wait, what? Oracle's interest bill for one quarter jumped 55 percent. Their interest is now $1.4 billion. J.P. Morgan expects $4 trillion of AI debt to be issued between now and

2030. That's not what they've already. It's $4 trillion between now and 2030. Four trillion. That's a 10th of our national debt. Borrowed. And just in time as the price of borrowing is climbing. This is like building your dream house with an adjustable rate mortgage. And the rate just keeps being adjusted. And it's always up. How long would that last? Corweave, this is one of the biggest data center landlords in the country, tells its investors that every one point rise in interest rates cost it another $30 million a year. Okay, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, then last week, brookings put a price of the whole thing. 10.3 trillion dollars for America's AI buildout between 2025 and 2032. 10.3 trillion dollars. What is the debt in the interest on that? Now, you measure that

against the size of the economy. That is bigger than the canals. That's bigger than electrifying the entire country. That's bigger than the interstate highway system. That's bigger than the railroads. The risk, the paper says, is moving off the books, moving the books of big companies into places that you can't see. Oh, I love it when they do this.

I love it when nobody makes it transparent. So now that $10 trillion is slowly being moved into private loans, special purpose companies, and securitized debt. Oh. Oh. And then one more. Loan guarantees. Now, let's play a little game. Who guarantees a loan?

in the trillion dollar range. Come on. Come on. It's not Bill Gates. It's not Elon Musk. Two weeks ago, the president posted that there is a sick conspiracy going on against AI and data centers. And the only one that is happy about it is China. Then he posted conspiracy theorists, treasonous, traders and leakers, beware. Two days later, the Justice Department put out a reminder that people acting for a foreign power have to register before they stage public demonstrations.

Okay, I want all of the people that are acting for a foreign power. I do want them in trouble with the government. I do. But that's not everybody. Gallup says 71% of Americans now don't want a data center in their own town. Okay? You put those together. This is the biggest bet in not America.

history in human history. Let me say it again, the biggest bet in all of human history, financed with borrowed money. And money is getting more expensive every quarter. And the risk is sliding into places no one can really see it. and the people who are asking questions about this are being called traitors. When a bet is too big to fail and too sacred to question,

there's only one place the bill can go. One place. Do do do do do do do do. Where do you think it's going? I hate to say we've been here before. During the Civil War, a Philadelphia banker named Jake Cook did something new. He sold the war to ordinary people,

not to the big banks, to farmers and shopkeepers and widows. He sent agents all across the north and sold more than a billion and a half dollars of war bonds. Buying one was patriotic and helped save the union. After the war, Cook found his next great national project, the Northern Pacific Railroad, a railroad from Lake Superior to the Pacific, through country mostly empty of people who would never ride it. Congress had handed it tens of millions. millions of acres of land.

Cook turned that same machine that sold the war onto the same people and sold them the railroad. He had given generously to President Grant's re-election. He was the most trusted money man in America. And the railroad, everybody knew, everybody agreed. That was the future. That's the future, right? Yeah, not so much. The financing was wrong.

On September 18th, 1873, days after sitting down with President Grant, Jake Cook and company closed its doors. Two days later, for the first time in its history, the New York Stock Exchange shut down for 10 days. What followed lasted more than five years. 18,000 businesses failed. The railroad? It got built.

Years later by other people. You know, it was built on the ruins. Cook lost his fortune. But the people who paid the longest were the farmers and the widows who had trusted him. Okay. Let me play the other side here for a second. The race with China is real.

I've said it on the program a million times. If we don't build the power and the data centers, we lose. And I still believe this. Foreign money is stirring up opposition to American infrastructure. That's not a fantasy either. A Senate intelligence chairperson has come in and called for an investigation into exactly that this summer. And you're going to find that most of this stuff. is financed by China.

And to be accurate, that Justice Department, that Justice Department notice doesn't name data center critics. It applies only to people taking orders from foreign governments. The man who wrote the Brookings paper doesn't say a crash is coming. He says, measure it now while there is still time. So all of this stuff is true. You know, we have spent 15 years on our side saying that, when banks get too big to fail, the taxpayer gets stuck and it's wrong.

We were right. We said when government and industry moves as one, that's fascism and the little guy loses, and we are right. It doesn't stop being true because our president and our industry say that we have to come together. A woman in Ohio that doesn't want a data center next to her house is not a Chinese agent. She's a citizen. She might be wrong. She might be right. But she's definitely not a traitor. I personally want these things built. And I want to be allowed to ask, who's holding the debt? These are not opposites. This is what a free country sound like. Okay. It sounds like a group of

people asking questions. That's it. Ask. Ask. Questions. Rising rates are the market doing its job. And here's what the market is saying. This is risky. Pay me for it. This is very risky. That's honest. It's the one voice in the story nobody can call a trader. The danger is not the price. The danger is somebody in Washington deciding the price is too inconvenient and quietly putting your name on the loan. Now it hasn't happened yet, but there's still time. So here's the word I want you to watch out for. Guarantee. A loan guarantee. The day any bill, any agency, any president, any politician, any company, anyone says we need to put the federal government behind AI debt, the bet stops

being theirs and starts being yours. I recommend you call your congressman before that day ever comes, not after. Because when it happens, it's going to happen fast. We're going to loan guarantee all of this AI. We're going to make sure that we, because this is a national imperative. No, no, no, no. I'm not going to give you special rights to create something that can kill us all and then hold you not. You not. responsible because it was your AI machine or agents that did it. No, you built it. You're responsible. I'm not going to guarantee your loans. You're the one that says we have to have it. We got to do it. We got to do it now. We got to do it this big. It's going to change the world. Well, then great. That's your bet. Because I guarantee you, you're not going to share the wealth with all of us.

Why should we share? That is the free market. I share the risk, then I get some of the reward. Well, you're going to. It's going to cure cancer. Or it's going to kill us one of the two. You haven't decided yet. I want you to ask one question of your congressman.

And I want you to send a clear message to everybody in Washington. Ask this question. If it goes wrong, who pays? If the answer is fuzzy, so is the plan. And it will end up being on your shoulders. and then at your own kitchen table don't borrow against the future just because everybody says it's coming

Jay Cook was right about the future he was early and he was borrowing and that's all it takes any bet you're not allowed to question is a bet you're already you've already been made to pay for the railroad got built the future does come

the only question in 1873 And the only question now is, who pays for getting there too fast? It's not going to be me. It's not going to be you. But I guarantee it will be the minute they start talking about loan guarantees. And that's coming. Speak out about it now. All right.

More in just a second. This is the best of the Glenn Beck program. And we really want to thank you for listening. Every month you pay a wireless bill. Have you ever stopped to think about what your dollars are supporting? Because with Patriot Mobile, your wireless bill can do more than keep you connected. It can help support the values and freedoms you believe are worth protecting. Patriot Mobile is America's only Christian conservative wireless provider,

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Make the switch today. This is the best of the Glenn Beck program, and we really want to thank you for listening. Yesterday, I told you the story of Donald Johnson. He's an 81-year-old guy who's working to deliver luggage when, you know, the airline, you know, loses your luggage. And they're like, we'll deliver it to you. They've hired Don Johnson. And he is, you know, your typical 81-year-old guy, he's not bitching and complaining at all. When asked, why did you take this job?

Why do you have this job at 81? hauling heavy luggage upstairs. He's like they're the only people that would hire me. And he's fine with it. He's fine with it. He's not complaining. And he's doing it to cover his wife's cancer bills. And there was a fundraiser.

And they did three quarters of a million dollars to help him be able to retire, pay his wife's cancer bills and let the guy retire so he can be together with his wife and just spend all this time with his wife. well then there was a problem the original video that was posted was posted from a neighbor called Aaron but Aaron is a name the daughter and the neighbor made up because the neighbor is like I don't want my name I don't want my name on this because you know what it's like to be a social media person that come after you so what happened was go fund me found out that that was a fake name and then canceled it. And so all of that money was returned. And there are media outlets that are trying to make these people look like they're bad guys. They are not, this is an 81 year old guy who is delivering luggage to pay for his wife's cancer treatment. Amy Johnson, his daughter and Donald Johnson,

the 81 year old baggage delivery boy, is on with us now. Amy, Don, how are you? you're going to make me cry right. It's an honor. It's my honor to have you on. Sir, you're a remarkable man. I just love your story. I don't know if you heard me talk about your story yesterday. But I just, I love your story the way you are just, it just has to be done. You're not complaining. You're not, that doesn't exist anymore. You know that, Don't you? You know, people have asked me, of 81 years old, they keep saying that. I said, It doesn't matter how old I am. There's a job to be done.

God, I love you. You're going to make me cry. You're the kind of American I really miss. So, Amy, did I get the story of why GoFund me, canceled this? Do I have that right? You had that 100% correct, Glenn. So, yes, that is what happened.

It was absolutely devastating for them. them and it's been a rough road the last couple of days, but we've had people like you and other just really kind of people out there who are still supporting us. So it's made it easier. I would like to say there are a lot of comments on our second fundraiser gives, send go that are saying negative things about GoFundMe and they're not. happy about what happened and they're trying to make sure that we get the money we need. And I really appreciate all those people. Yes, thank you. Well, you can go to give sengo.com slash help Don retire. Give you time to write that down. Givesendgo.com slash help Don retire. So far, you've got about

75,000. So you're a 10th of what you were. What is the, is, is, is the, is, is the is, is, is the media dog piling? I've heard that, and I haven't read anything because I don't care. But I do want to know, are they dogpiling on you guys? Or some media coming out trying to make you look bad? They are absolutely dogpiling on us. It's been rough. There was a woman who had interviewed my parents. She's with Fox 4. And she has basically switched the whole narrative about an investigation piece and just trying to really drag me through the mud. And it's not focusing on my parents, which makes it really hard because that was what everything was originally about.

So I want to say that I'm sorry that I used a display name that wasn't the right name. But at the end of the day, it's hurting my parents. And I know a lot of people out there really fell in love with them and they're good people. So I'm okay with the dog pile with me. but I'm just hopeful that we're able to get back to where we were because it really meant a lot for them and it was life's changing. Yes. Amy, can I tell you something?

You don't ever have to apologize for not, you know, for the neighbor saying, I don't want to put my name on it. And you guys coming up with the name, Aaron, you are proof right now of why she didn't want to put her name on it, why you didn't want to put your name on it. Because the media trashes people all the time. and it's despicable. It's despicable.

I want everyone in the audience to go to give sendgo.com slash help Don retire. I want you to pass this to all of your friends. You know, and because this is, I mean, Don, tell me about your wife. Let me just do that. Tell me about your wife.

How long have you guys been married? Well, let me first say, I came out of the Army in August of 16th. and I swore to myself I wouldn't get married to I was 30 years old at least. I was 22. Six months later, I was married to this wonderful woman. And it was love at first sight, honestly. We met through a mutual friend and I was just smitten.

She's beautiful. She's gentle. She's everything a man would want in a wife. And we've been married 57 years. years and want to make it 75 or 100 years if we came in. So she's my lifelong companion. She's going through a hard time. Cancer is a struggle.

And she's exhausted much of the time. So I'm the guy that goes up and down the stairs to get her food and drinks and things like that and just be there for her and help her. She's brave. She's putting up a strong fight. Pancreatic cancer is called the silent killer, and we're not going to have any of that. How are you holding up, you know, making sure that she's okay and still working as much as you're working? How long are your days?

Well, I'm not able to work every day. Right now, I'm not working because of the course. car broke down. We put so many miles on that car, I have. But when I'm working, like I worked for one company for years, and that was a 14-hour day sometimes, and driving three to 400 miles in a day. That's exhausting, for sure. And you get home at 10, 11 o'clock at night and get up early and started again. But it's something I just fell in the groove for and just do it without thinking. You know, just do my job.

So that's it. Okay. I want to keep up with you guys this week and see what is happening. Don, please tell your wife that we're praying. I will. We want to thank you, Glenn. We're such big fans of you. So thank you for having us on.

You're welcome. I've been married my wife only for 26 years. I love my wife more than the day I married her. And I can't imagine. we had a small cancer scare with her a few years ago. And I thought, I can't, I can't. You know, she's my whole life. And I can't imagine being together for as long as you have and how you feel.

So we're praying for both of you. We're playing for all of you. And Amy, we're praying for you just to be able to have the endurance to stand the onslaught of this evil media that we, happen to see all the time. God bless you both. We'll talk again soon. Thank you, Glenn. Thank you.

Thank you. Here's what I would like you to do as an audience. You are the most amazing audience in the world. I say this all the time. I don't think there has been a more charitable group of people in a commercial audience ever, ever. I have seen you do remarkable. things. I have seen, do you know we're in Armenia? Do you know we're in Armenia today? We have been rescuing Christians out of Armenia because Armenia, the Muslims, closed off a corridor that guaranteed

the Christians' safety. And they started dismantling all of the things that kept these Armenian Christians. These are the first Christians in the world. And we have been moving them. We have been protecting them. And every dollar is coming from this audience when you give to Mercury 1. Every dollar is doing that. You don't have any idea how much of a difference you make. I know there's somebody who has a car dealership somewhere in this audience. Will you donate a car? Will you donate a car? I tell you what, I will do commercials for you. I'll cut a couple of commercials for you for TV or for radio, whatever, if you supply the the car. Can you help him not have to worry about anything else by going up and down those stairs

with tray of food for his wife. Give send go.com slash help Don retire. Give send go.com slash help Don retire. You can write to us, Ricky, how do they get a hold of us? If somebody wants to do something with a car. I know we have car dealerships all throughout. At glenbeck.com. Support at glenbeck.com. Okay. You let us know. You let us know. All right. Back in just a second. Gosh, I need to drink more water. I think I'm going to die. I think I need an IV bag. Every day I do these shows. But it's, I tell you, they're not sad. These aren't sad. I want to be done when I grew up. So, It's just so great. Life is so great. So many good people and so many good things are happening.

You're streaming the best of Glenn Beck. To hear more of this interview and others, download the full show podcasts wherever you get podcasts. You're listening to the best of the Glenn Beck program. Oh, America. You know we've been fighting every single day. We push back against the lies, the censorship, the nonsense of the mainstream media that they're trying to feed you. We work tirelessly to bring you the unfiltered truth because you just, you just, you just. deserve it. But to keep this fight going, we need you. Right now, would you take a moment and rate and review the Glenn Beck podcast? Give us five stars and lead a comment because every single review helps us break through big tech's algorithm to reach more Americans who need to hear the truth. This isn't a podcast. This is a movement. And you're part of it, a big part of it. So if you

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