The Glenn Beck Program - Best of The Program | Guests: Ken Paxton & Brian Riedl | 1/27/21

Episode Date: January 27, 2021

Texas Attorney General Ken Paxton joins to discuss how fast President Biden has been moving through executive orders and a federal judge blocking Biden’s order to pause deportations. Economic policy expert Brian Riedl takes on the $15 minimum wage and how it would decimate the economy. Glenn and Stu look over GameStop’s recent controversial stock surge. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's something else here now. Something new. From. Exclusively on Paramount Plus. It's the series Stephen King calls Scary as Hell. Everything here is impossible, but it's also real. Sci-fi Vision calls it the best show streaming right now. We're running out of time and we still don't know the rules.

Don't miss what the movie blog calls something you need to watch. Saving those children is how we all go home. From binge all episodes exclusively on Paramount Plus. Stu, I'd have to say the Glenn Beck program may have been the best Glenn Beck program of all time. Yeah, well, that's the reason why we call today's show The Big Show. The Big Show. It's a very big show. Very, very big. Yeah. Steve Days was on with us. Yeah. Ken Paxton was on. We talked a little bit about money printing.

We talked a lot about the Great Reset. The World Economic Forum actually did a tweet thread addressing me and what I said on this program yesterday, which seeing there over in Davos with all these world leaders, you'd think that would be low on their priority list, unless what I'm saying is heading a little too close to home. You'll hear it all and so much more, including how many masks does it take to be able to completely protect yourself from COVID?

And don't forget, tonight, Glenn's got a special. You want to make sure that you do not miss that. It starts at the whole night. I mean, look, I mean, there's lots of stuff all day. That's great. But let me start you at 8 p.m. Eastern with Stu Does America, followed by Glenn TV. That's all coming up tonight.

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the best of the Glenn Beck program. Two weeks ago on TV, we talked about government and private industry coming together in the Biden administration. They're just getting started.

Every time you open a closet at the Biden White House, there's another special interest skeleton that tumbles out. Tonight, we're going to take a look at the major stakeholders who have their tentacles all over this White House.

The new Biden administration, already showing America the natural end result that comes from decades of being dominated by special interest groups. Eventually, you get government that at the top is so beholden to these groups, you can call them stakeholders. The stakeholders have vested interest in the actions and policies of the government, financial interest, ideological interest, often both. These stakeholders always take priority over you and me. Tonight I'll show you the stakeholders in this new stakeholder capitalism and the Biden administration. What they want, who they're working with inside the Biden administration, 9 p.m. Eastern on blazTV.com and BlazeTV YouTube. 9 p.m. Eastern, blazTV.com or Blaze TV YouTube.

We have Ken Paxton with us. He is the 51st Attorney General of, uh, uh, Texas, he has fought and won many of the cases against Barack Obama's administration, and they've just posted their first victory on the Biden administration. The first one to bring a lawsuit, and within six days, Texas has halted Biden's illegal deportation freeze. Joining us now is Ken Paxton. Hi, Ken. How are you? I'm doing well. Good morning. It's been a fast start, hasn't it? It is breathtaking how quickly things are changing. And quite honestly, we were talking about it in the break, a little frightening. I agree.

It is frightening. I don't think it's ever happened this fast. I mean, I think Biden is off to the fastest start of any president and just issuing executive orders and changing sort of what we had going. Yeah, he had a, he's had a record of, I think 38, which just smashes all the other records of executive orders. He's signing more today. This one, they are going to preserve, I don't know what that means exactly. I fear I do. I've read Agenda 2030. Preserve 30% of all federal land by 2030. That's not good. I don't know exactly what that means, but that doesn't sound good. Yeah, it doesn't sound good. First, let's talk about the win that you had. Tell me about

the lawsuit and what it means. So we had an agreement that we signed with the Department of Homeland Security recently that said that if they were going to change major immigration policies that we were going to be provided notice. And so obviously the executive order that came out that ended all deportations and the invitation for people across the border didn't meet those requirements. And so we filed a lawsuit on President Biden's third day. and we challenged that executive order not just based on that agreement, but also based on the fact that federal law requires him to do certain things that he has said now he will not do. And so we argue that he violated federal law and his constitutional duty to enforce the law that now exists. And so what did the judge say? So the judge basically gave us, we were asking for a preliminary injunction, a temperate injunction first.

We're going to seek a permanent injunction next. And we did that because we had to show that there was harm to the state of Texas if this went forward while we were litigating the merits of the case. So we haven't won the merits of the case. We've merely made a good argument showing that we will suffer irreparable harm as a state if this goes forward. And it wasn't hard for us to show that, given that we already have a mass of people coming up from the southern border, essentially have COVID, that potentially have other communicable diseases that potentially are criminals, and that will cost the state of Texas billions of dollars. And so that harm was not hard to show, in my opinion.

So how are you going to argue for permanent, especially with the way this administration is moving, where social justice outweighs everything? Well, it's going to be pretty much the same argument. Just to say, we are going to suffer damage. we need time to have this question answered as to whether the president is violating federal law by stopping the, you know, the implementation of what is federal law. Can he do that? And the argument that we need time or we will be harmed still, it's the exact same argument, just that we need

longer to decide the merits of the case. So, but wait, what I'm saying is if you're arguing and you know Biden this is all changing now we're not talking about rule of law anymore we're talking about social justice outweighing absolutely everything if they if they win and he can just say we're not going to do any of that a isn't that what they've already done with with you know we're not going to enforce you know busts on pot so haven't they already done that and if they do codify this in the courts, then doesn't this make him in some ways a dictator to where he could just administratively do whatever the president can, not just Biden, but any president could just do whatever they want. And it never has to go through legislation. No, you've hit

the nail on the head. And it means literally that Congress becomes almost irrelevant. The courts become not so relevant. And the states that are supposed to have all these powers reserved to them that are not specifically granted to the federal government also lose their power. It does become a real focus on one person having all of the power, which clearly was not what our framers intended. So, Ken, I've talked to other attorney generals around the country, and they are just as concerned as I am. And I'm wondering, I know many of them are all working together to try to stop this onslaught.

But is there is there any conversation about a sanctuary state of of not secession or anything like that, but just saying this state will not violate the Bill of Rights and the Constitution? And if you try to do these things that are unconstitutional, this is a safe haven, a sanctuary state for rights. You know, it's interesting that conversation has not come up among the AG specifically, but I was at a conference with technology leaders around the country. And most of them were actually pointing to that by saying they were either considering or they were on their way or they had already moved to Texas or Florida because they felt like those were states that they could go and be safe. And that the risk in the states that they're in is becoming untenable for them. and they're trying to find a safe haven where their rights will be respected and they will have continuing opportunities to work. And I mean, how do we do that?

They are already talking about, you know, if you're depersoned, that you won't, what was it, the head of MasterCard said yesterday, we don't have to do business with just anybody, meaning if we don't like the business that they're in, we can just say we're not doing business with them anymore. a growing trend. And when it comes to businesses like mine or for anybody that is unpopular, this is extraordinarily dangerous. Are the states, will Texas stand behind the universal God-given rights that we have always stood with? We will in my office. You know, I'm part of, you know, I'm part of the entire state. I'm not the entire state, but we will at my office. That's why we are now investigating the five companies that were related to the parlor de-platforming,

because we want to understand how are they doing this? How do they have the authority to just de-platform a whole company because they disagree with their views, or they disagree with the people that they allow to speak? Are you and the governor having conversations at all about critical race theory to make sure that's not being taught in our schools? Well, I haven't had those conversations. That's not an area that I can do much about as Attorney General unless there's some specific violation of law. My job is to enforce whatever laws we have. So I always have to look for my way of getting into court.

Well, we can't teach discrimination in schools, can we? No. But that would be probably if they were teaching discrimination in schools, that would be a, probably a lawsuit by an aggrieved party, a student, a parent who said, hey, you can't do this in this school. And then it becomes under your purview. Well, so then if the school asks me to represent them and I think they're wrong, I say, no, I can't represent you. This is a legitimate lawsuit and you need to be accountable for doing the right thing. Okay.

Do you have any advice for what the average person should be doing right now in their state? Absolutely. I think they should be speaking out. I think the more voices that are speaking out, because what is going to happen, my concern is, you know, they go after the president, and people don't say anything. If we keep quiet right now, if people are afraid to speak, which I see some of this, I see some of this with, you know, some of my fellow AGs. I see this in a lot of circles. People are afraid that if they speak out, they'll be the platform, or they'll be canceled. So if we don't all speak out, if we don't address these election issues and states where there was, you know, they weren't following their own laws, we have to address that now where it will be too late. They will come and de-platform all of us. And if you think you're going to hide from that, you're not going to hide from it.

They may get to somebody else first, but unless we're all working together, it's going to be a problem. Ken, thank you very much. thank you for thanks for staying on top of things and thank the governor for us as well we are counting on our state reps and our governor and you to

stand and fight the good fight against this onslaught that is coming our way quickly I'll say this Glenn if Texas doesn't fight if we are in the middle of this fight I don't think we have much hope I think it's Texas has to be in the

fight Texas has got to I mean, I've talked to sheriffs, and they've said, if I have to deputize every single citizen in my county, so they have the right to carry a gun, we're not backing, we're not backing down. It's got Texas must. I mean, it's really sad. I talked to Christy Nome, and I'm like, you know, I'm a little embarrassed. Texas should be knocking you into the dust right now. We need to be Texas. We need to stand and be very clear and be a leader for free.

him. Supposed to be the alim. Thank you very much. Absolutely good. Appreciate it. Ken Paxton, Attorney General of Texas. The best of the Glenn Beck program.

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Why only $15 an hour? I mean, it's like the masks. You know, well, if one mask is good, two masks is better. Why not three? Why not seven? Why not 25? Same thing with minimum wage. Why shouldn't the minimum wage be something really living?

And maybe, you know, something that includes like where you could buy a house, maybe like $60,000 a year. I mean, why don't we just do that? Why stop at 15? Brian Riedel is with us. He's the senior fellow of the Manhattan Institute. He's a guy who doesn't care who's in office, Republicans or Democrats. He points out both of them suck when it comes to actually living by the budget.

And we wanted to talk to him about the $15 wage. And also, how long can we last at these kind of spending limits? We go to Brian now. Hi, Brian. How are you? I'm Greglin. How are you? Very good.

By the way, I forgot to mention you were also one of the researchers and co-authors of the book Broke, which was fantastic. At least they tell me. Yeah, thanks, Brian. Okay, so Brian, let's talk about the $15 wage. What will that do to the nation? Well, you know, that even if we... Holy cow. Think of what restaurants are going through, right?

So, Brian, explain to people who don't understand, you know, these big companies, they could afford $15 an hour. Explain why this cancels their jobs. You know, profit margin. But even if companies can afford it, it's only worth $10 an hour. They're not going to pay them $15, even if they can afford it. And that's why the higher the minimum wage goes, that you're going to walk into a Taco Bell press a lot of buttons.

I mean, it was the old automat, or the old, what is it, automatic, I think, was the restaurant up in New York, where you didn't have anybody waiting on you back in the 1930s. Now there's no one behind the machine to stuff the food in. now it will just be a machine. And we would call that progress anywhere else, but because it's going to put people out of work, now it's going to be devastating to the economy, especially when you have truck drivers

who are going to be the first on the block when automated trucks are everywhere on the highway. And that's part of the plan, you know, just to automation by essentially ban people out of work. So there are places like in New York City and not today. There are places in New York City with $15 an hour would be reasonable. You know, you've got to pay higher if you're living in New York City. But there are also places all over the country where $15 an hour is quite a haul.

It's not sensitive to local economies and local conditions. Mississippi or Puerto Rico where some cities have been. Tell me about Seattle, because the initial response was this is going to put the restaurants out of business. What has happened to Seattle since they put this in? A lot of the jobs that are affected by the minimum wage. So we have, according to President Biden now, a $11 trillion in new spending over the decade. They're no longer looking for the offsets.

He's saying that $3 trillion in new taxes will help offset that. I mean, we're just, we're printing money, right? I mean, we're really on modern monetary theory at this point, right, without calling it that. Right. And you're right. I mean, but in context, it's a huge amount. And by the way, that 11 trillion, that's on top of the base. Biden would have a threat.

Is that number optimistic, too, Brian? I mean, does that reflect reality even 26 trillion? Oh, wow. And also assumes no interest rate hike. Exactly. It's all these numbers. It's the assume interest. Oh, my gosh. Oh, my gosh. Okay. So, wow. You know, people say, this is not Weimar. It's not Zimbabwe. And it's not yet. Do we, you know, it wasn't Vimar until a certain point. And then it was like, oh my gosh. And it's too late. Any idea when it becomes too late? I mean, we are headed. Correct me if I'm wrong. We're headed for a Zimbabwe or a Weimar if we don't stop this at some point, right? Oh, it's $104 trillion in deficit over 30 years.

Okay. These numbers are so big. It sounds like monopoly money. And it will be monopoly money. Yeah. Unmarket is lending Washington money. At some point, they're going to say, we're good for this. This is ridiculous.

And you're going to have to pay us twice. point, you get into this vicious circle where Washington has to pay higher interest rates in order to attract lenders, which requires even higher interest rates. Didn't we already kind of hit this in some ways? I mean, I think it was over last summer or the summer before. We offered bonds, and nobody took them in the Fed just started buying them. 3.3 trillion. Have you seen what's happening in Davos with a great reset? Yeah, I know, I know. everybody's carrying such a heavy load. Yesterday, they said all we need is $50 trillion, and we can do all these things.

50 trillion. Thank you so much. Brian, I'd love to have you on again, but I need to take some medicine here before I talk to again. Brian, thank you so much. I appreciate it. We'll talk again. I would like to go in a little further on what it means when the dollar starts to lose. its value and who really

gets hurt. It's the people who always played by the rules and people who have their money in a savings bank. Exactly. All right, Brian, thank you so much. Appreciate it. Brian knows that stuff better than anybody. I swear, he's a great follow on Twitter at Brian underscore Redel, I believe it is,

R-I-E-D-L. Great place to go because he's got this stuff, and he's been saying it the whole time. He was saying it, every president going back through the years, through Trump, although the whole time, you know, a lot of conservatives haven't focused on the budget here and the debt for a while. Hopefully that's going to return here with Biden as president because it's really important.

That is, I mean, that is the one good thing about the Biden administration is at least conservatives will start paying attention to the debt again. Some people find their faith. This is the best of the Glenn Beck program, and we really want to thank you for listening. I want to go over this GameStop thing again. Okay. When the stock was at $2 a share, right? $2 a share. These guys on Reddit,

they decided that they were going to run this up. Now, if I did this on national radio, it would be illegal. You can't say, hey, everybody, let's do this. But apparently on Reddit, you can. Yeah, it's public, usually public, openly speaking about your opinion on a stock is fine. Doing it in private venues is usually not fine.

And secondarily, doing it, FCC has all sorts of laws about how you can do that. Correct. And it's different conversation. So let's say you invested in the $2 stock when everybody was on Reddit and they're like, hey, let's buy this up. And the guy, the first, he invested $50,000. Yep, his life savings supposedly.

This guy on Reddit and then started talking about this theory, which has proved to be very, very accurate. So as of yesterday, it was up to $15 million. It was worth. However, the stock has basically doubled today. So this craziness. It's insane. It is craziness.

You know, you're putting billionaire hedge fund investors out of business, maybe shutting down. There's rumors of bankruptcy of this hedge fund. If this happens, I mean, these guys are not going to be happy and they know a lot of people. But a few of these guys are going to get very, very wealthy off of it. I wonder what the repercussions are going to be, not just for them, but when Democrats start saying, this can't happen. Look at how bad capitalism is. That's around the corner, too. Stu will have more on that at 8 o'clock Eastern tonight on Stu does GameStop.

And tonight, my Wednesday night special immediately follows 9 p.m. Eastern Blaze TV.